Rocket Pool(RPL)

Environmentalists and anti-mining lawmakers debating bitcoin mining facility Greenidge Generation’s impact use rhetorically persuasive arguments that aren’t backed by reality. But so do the bitcoiners supporting the powerplant-turned-mining facility. And the debate does not solve the very real environmental problems on Seneca Lake.

The entity behind the USDT stablecoin, Tether, has announced that it will use a portion of its profits and purchase Bitcoin (BTC) in an effort to shore up its stablecoin reserves. Tether had revealed a net profit of $1.48 billion in Q1 2023 and also revealed it had around $1.5 billion in BTC holdings. Tether To Shore Up Reserves Using New Investment Strategy According to a statement by the company, it plans to invest around 15% of its net profits to help diversify the assets backing the USDT stablecoin. USDT is the largest stablecoin in the crypto market, maintaining a 1:1 peg with the US dollar. According to the numbers, this would mean Tether would devote around $222 million to purchasing Bitcoin and add the token to its reserve surplus. Tether stated, “Starting this month, Tether will regularly allocate up to 15% of its net realized operating profits towards purchasing Bitcoin (BTC). Tether anticipates that the current and future BTC holdings in its reserves will not exceed the Shareholder Capital Cushion and will further strengthen and diversify the reserves.” Furthermore, the company added that it would custody the BTC independently and refrain from using third-party custodians. “While it is common practice among many institutional investors to third-party custody their Bitcoin, Tether believes in the philosophy “Not your keys, not your bitcoin” and takes possession of the private keys associated with all of its Bitcoin holdings.” Tether’s moves to accumulate Bitcoin would make the company one of the biggest holders of the asset, joining other notable investors such as MicroStrategy boss Michael Saylor and Paul Tudor Jones. Capitalizing On Bitcoin Tether revealed in its Q1 2023 Assurance Report that it held around $1.5 billion worth of BTC in its reserves, along with $3.4 billion worth of gold. Additionally, 85% of its reserves are held in cash or cash-like assets such as US Treasury Bonds. Tether’s pivot towards Bitcoin aims to help strengthen and diversify its stablecoin reserves and also capitalize on its price investment as an investment. Chief Technology Officer at Tether, Paolo Ardiono, added, “The decision to invest in Bitcoin, the world’s first and largest cryptocurrency, is underpinned by its strength and potential as an investment asset. Bitcoin has continually proven its resilience and has emerged as a long-term store of value with substantial growth potential. Our investment in bitcoin is not only a way to enhance the performance of our portfolio, but it is also a method of aligning ourselves with a transformative technology.” The company added that it plans to use only its realized profits from investment operations to purchase Bitcoin. This means the firm would consider only the tangible gains from its operations which consist of the difference between the purchase price and the net proceeds from an asset sale. Alternatively, in the case of maturing assets such as Treasury Bills, the difference between the purchase price and the reimbursement amount. The company added that it was also focusing on developing energy and bitcoin mining infrastructure and communication systems, among other investments. Tether’s Problem With Transparency Tether has come under heavy criticism within the crypto space and from authorities thanks to a lack of transparency about its reserves and several controversial investment decisions. There have also been concerns about the quality of reserve assets backing its USDT stablecoin. However, despite these concerns, the USDT stablecoin has emerged as a safe haven for investors. This was outlined in March 2023 when the US banking crisis hit USDC, the second-largest stablecoin in the crypto space. USDC was severely impacted due to the sudden implosion of Silicon Valley Bank (SVB), which left a chunk of USDC’s reserves frozen for a weekend. As a result, several stablecoins lost their dollar peg as a domino effect played out in the market. However, Tether was able to maintain its price stability thanks to a perceived disconnection and isolation from US Banks, thanks to it being incorporated in the British Virgin Islands and Hong Kong. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

In Todays Headline TV CryptoDaily News: Bitcoin-Ether correlation weakens Bitcoin and ether, the world's top two cryptocurrencies by market value, moved in tandem for much of 2022. That positive relationship has weakened this year, signaling an impending regime change in the market. As of this week, the 30-day rolling correlation between changes in bitcoin and ether prices was 77%, the lowest since 2021. OpenAI to secure $100m Worldcoin funding OpenAI boss Sam Altman is reportedly in “advanced talks” of securing $100 million funding for Worldcoin, a project aimed at creating a collectively owned and globally distributed cryptocurrency. Volatility and volume continue to decline in Bitcoin trading Trading ranges within bitcoin markets continue to narrow, a sign that uncertainty remains the order of the day for the largest cryptocurrency by market capitalization. Simultaneously BTC’s share of overall crypto markets continues to rise, indicating that it remains the safe haven digital asset for investors. BTC dropped 0.8% against USD in the last session. Bitcoin dropped 0.8% against the Dollar in the last session. The ROC is giving a negative signal. Support is at 26301.3333 and resistance is at 28115.3333. The ROC is currently in negative territory. The Ethereum-Dollar pair gained a moderate 0.1% in the last session. The Ethereum-Dollar pair made a minor upwards correction in the last session, rising 0.1%. The Ultimate Oscillator is giving a positive signal. Support is at 1757.7033 and resistance is at 1874.9233. The Ultimate Oscillator is giving a positive signal. The last session saw XRP drop 0.6% against USD. The Ripple-Dollar pair fell 0.6% in the last session. The Stochastic-RSI is giving a positive signal. Support is at 0.4174 and resistance is at 0.4352. The Stochastic-RSI is currently in positive territory. LTC/USD exploded 2.7% in the last session. The Litecoin-Dollar pair skyrocketed 2.7% in the last session. The RSI is giving a positive signal. Support is at 79.641 and resistance is at 92.081. The RSI is giving a positive signal. Daily Economic Calendar: US Housing Starts The Housing Starts captures how many new single-family homes or buildings were constructed. It is a key indicator of the housing market. The US Housing Starts will be released at 12:30 GMT, the US MBA Mortgage Applications at 11:00 GMT, and the Eurozone's Harmonized Index of Consumer Prices at 09:00 GMT. US MBA Mortgage Applications The MBA Mortgage Applications released by the Mortgage Bankers Association presents various mortgage applications. It is considered a leading indicator of the U.S Housing Market. EMU Harmonized Index of Consumer Prices The HICP is a measure of price movements or inflation harmonized across EU Member States. It is similar to the national Consumer Price Indices (CPI). DE 10-y Bond Auction The auction sets the average yield on the bonds auctioned off. Yields are set by bond market investors, and therefore they can be used to estimate investors' outlook on future interest rates. Germany's 10-y Bond Auction will be released at 09:30 GMT, Japan's Exports at 23:50 GMT, and Japan's Imports at 23:50 GMT. JP Exports The Exports measure the total exports of goods and services by the local economy. Steady demand for exports helps to support growth in the trade surplus. JP Imports Imports of goods and services consist of transactions in goods and services (purchases, barter, gifts or grants) from non-residents to residents. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Embattled crypto lending firm Celsius is wasting no time in removing its stash of staked ETH (stETH) tokens from the liquid staking platform Lido. Lido has just enabled withdrawals, and Celsius could face a prolonged wait before it can get its hands on the staked ETH. Celsius Moving Fast Celsius’s staked ETH stash has been valued at around $784 million at current prices. On the 15th of May, eagle-eyed watchers identified a transaction on Celsius wallets for around 428,015 staked ETH to the Lido staked ETH wallet. “428k #Celsius $stETH on the move - likely lining up for staking directly without #LIDO in the middle. That’s the loan collateral proposed for NewCo. Should get an update during a court hearing this week - the 17th of May - No court approval needed for this, it seems.” Now Celsius has initiated the process of withdrawing its stash from the protocol. According to data from Etherscan, Celsius has requested the withdrawal of around 428,984 stETH. The withdrawal will be carried out in batches of 1000. Blockchain Intelligence firm Arkham Intelligence had stated that Celsius had transferred nearly 41,000 ETH into a smart contract called “Figment ETH2 Beacon Depositor 1,” which was then moved to the Ethereum Beacon Chain deposit contract. Lido had enabled withdrawals on the 15th of May through a protocol upgrade. The company added in a statement, “Lido V2 introduces two major components, with the most user-facing aspect being Ethereum withdrawals. This allows Ethereum stakers with Lido to directly unstake ETH through the protocol.” Lido accounts for nearly 29% of all staked ETH, valued at over $11 billion. A Growing Withdrawal Queue Once the withdrawal process has been completed, Celsius will receive an equal value in ETH, while Lido will burn the corresponding staked ETH tokens. According to data from Dune Analytics, the amount of stETH in the queue for withdrawal is steadily growing, with the current number at 442,000 from 141 requests. The value of the tokens in queue for withdrawals stands at around $808 million, with Celsius responsible for a majority of the stETH in the withdrawal queue. So far, the total amount already processed stands at 1858 ETH, according to Dune. Lido added that it had more than enough ETH in its buffers to handle the wave of withdrawal requests. The liquid staking protocol updated users through its Twitter account, stating, “At the time of writing, the Lido protocol has ≈440,000 ETH available in the protocol buffers. There could be large withdrawals this week. If so, some will be absorbed by this surplus.” A Long Wait For Celsius Given the large number of ETH withdrawal requests from Lido, it is expected that there would be some impact on the network withdrawal queue. Lido holds a market share of nearly 30% and is the largest staking provider. This means that if requests continue to increase, Celsius could face a prolonged wait to get its hands on its stash of ETH. According to Tom Wan, a research analyst at 21Share, if unstaking requests exceed 10%, it could cause a significant number of validator exits and lead to longer withdrawal queues. There are speculations that Celsius could use the capital as part of its restructuring efforts or to repay some of its debts. Celsius owes around $4.7 billion to creditors. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Every day, the crypto market springs up a new trend, and every day, investors seek means of navigating the market for profit. While coins like Bitcoin (BTC) have become huge and established, there are other coins showing promise of achieving the heights of established tokens. Today, Rocket Pool (RPL) and Axie Infinity (AXS) are losing the faith of investors as their price value continues to go down in numbers. However, that cannot be said for Sparklo (SPRK) which is currently in its presale phase and gathering momentum as more investors look at investing in the project. Rocket Pool (RPL) Experience Sharp Downward Trend in 24 Hours The last 24 hours have seen Rocket Pool (RPL) lose -3.2% in its price value. This recent development is contrary to Rocket Pool's (RPL) rallying price in recent weeks. Standing at a current price of $46.38, Rocket Pool (RPL) is in a healthy run barring the downturn of the last 24 hours. Rocket Pool (RPL) has experienced a +2.71% increase in price value in the last week and a 10.73% increase in the last 30 days. However, it is yet to be seen whether the latest downturn could signify the beginning of a bearish run. Rocket Pool (RPL) has recently deployed an Atlas upgrade which lowered the amount of collateral required for Ethereum staking. This upgrade saw a rally in price. However, it looks like the effect of the upgrade has died down at the moment. The market cap of Rocket Pool (RPL) stands at $896.51M and a trading volume of $8.13M in the last 24 hours. The circulation supply is 19.33M. >>>> BUY SPARKLO TOKENS <<< Axie Infinity (AXS) Continues to Witness Dwindling Price Action In the past year, Axie Infinity (AXS) has maintained a constant loss in the price of the token. While the last 24 hours have seen Axie Infinity (AXS) lose -1.9% of its price value, the trend is a long-established one as it has lost -3.6% in the last 7 days, -18.7% in the last 14 days and -11.0% in the last 30 days. Standing at a current price of $7.59, Axie Infinity (AXS) has also witnessed dwindling statistics outside the market as the number of gamers that play the Axie Infinity game has gone down. Sources from Asia reported that Axie gamers in the Philippines are abandoning the Axie Infinity (AXS) game as they no longer make as much profit as they once did. The market cap of Axie Infinity (AXS) is $877.924M while the trading volume of the last 24 hours is $29.996M. The circulating supply is 115.661M. Sparklo (SPRK) Thrives as More Investors Troop in to Invest in the Project Sparklo has continued to entice crypto investors as word spreads of the potential that the Sparklo project harbors. Still in its presale phase, Sparklo will be the first investment platform that allows investors to invest in real-world assets like Silver, Gold, and Platinum. The Sparklo project will be an innovative blockchain investment platform with the potential to be the next blue-chip cryptocurrency in the industry. At just a price of only $0.017 per SPRK token, investors can jump on the presale phase before the price surges to an all-time high. As most experienced investors know, investing in projects early is where significant gains are made. What's more, investors stand to get a 30% bonus once they purchase the token from now till the 5th of May. This means that investors will be getting 1300 SPRK when they purchase 1000 SPRK. That's why you need to take advantage of the ongoing bonus and purchase the coin now. After the 5th, the bonus won't be given again to those that buy the coin. We believe investing in Sparklo is an investment with room for growth and profit. Find out more details by following the information below. Buy Presale: https://invest.sparklo.finance Website: https://sparklo.finance Twitter: https://twitter.com/sparklo_finance Telegram: https://t.me/sparklofinance Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

A brief explanation of AMM, their strength and limitations and how investors could benefit from this, plus what it may mean for XRP price long-term.

Tokens issued on Bitcoin ran to a cumulative market capitalization of as much as $1.5 billion earlier this week before sharply correcting.

Proceeds come from base fees and surplus revenue generated from network transactions. The incentive follows a recent clash between Arbitrum's team and its community.

Binance has announced plans to support Bitcoin Ordinals inscriptions on its NFT marketplace later this month. This move marks Binance's entry into the rapidly growing Bitcoin-based parallel NFT market. The update to Binance's NFT marketplace will be rolled out in the coming weeks, allowing users to buy and trade Ordinals inscriptions using their Binance accounts. In March, the NFT marketplace expanded its range of supported networks by adding select NFT collections from Polygon to the platform. Binance's Head of Product, Mayur Kamat, sees the prepared listing to be a significant development. Kamat commented: "Bitcoin is the OG of crypto. We believe things are just getting started here and can't wait to see what the future holds in this space." Several inscriptions marketplaces have emerged as a result of Ordinals' initial surge in popularity, including Ordswap, Ordinals Market, and Ordinals Wallet. Magic Eden, the largest Solana NFT marketplace, was the first among established platforms to enter the Ordinals market, launching an inscriptions marketplace in March. Binance's NFT marketplace announcement comes just days after the exchange temporarily paused Bitcoin withdrawals due to network congestion, while its competitors remained fully operational. The pause occurred when Bitcoin transaction fees were at a high, and the network's mempool&mdash;where transactions wait to be verified&mdash;was heavily backlogged. Many in crypto Twitter (CT) believe that transactions related to BRC-20 tokens were contributing to the network congestion. BRC-20 tokens, which are built and traded using Ordinals, use text-based inscriptions instead of image-based ones, just like Bitcoin NFTs. Currently, Binance's Bitcoin NFT marketplace does not support BRC-20 tokens. In recent weeks, image-based inscriptions have been eclipsed by Bitcoin-based tokens and text-based inscriptions. On Sunday, 99.7% of inscriptions made through Ordinals were text-based, according to a Dune dashboard. Simultaneously, 65% of all Bitcoin transactions were related to BRC-20 tokens, as reported by another Dune dashboard. The excitement surrounding BRC-20 tokens intensified on Monday as Ordi, the first BRC-20 token launched as an experiment in March, was listed on cryptocurrency exchanges Crypto.com and Gate.io. Binance's support for Ordinals inscriptions signals its commitment to staying at the forefront of the ever-evolving cryptocurrency landscape. The addition of Ordinals inscriptions to Binance's NFT marketplace represents a significant milestone in the expansion of digital assets on the Bitcoin blockchain. As we dive deeper into the world of Ordinals and the underlying technology, it's important to understand how this development will impact Binance users and the broader cryptocurrency ecosystem. Ordinals inscriptions on the Bitcoin blockchain are often referred to as "digital artifacts," and they represent a different approach to NFTs compared to the more familiar Ethereum-based NFTs. Ordinals are created by inscribing satoshis, the atomic units of a Bitcoin, with digital artifacts or machine-readable language. This process aligns with the immutable nature of the Bitcoin blockchain. The Bitcoin Ordinals project, initiated by Casey Rodarmor, a former blockchain developer at Chaincode Labs for Bitcoin Core, offers a new perspective on the concept of NFTs. The project documentation states, "Digital artifacts are permissionless. An NFT which cannot be sold without paying a royalty is not permissionless, and thus not a digital artifact." This distinction highlights the unique characteristics of Ordinals as opposed to traditional NFTs. As Binance adds support for Ordinals inscriptions to its NFT marketplace, users will have access to a new type of digital asset that is more closely tied to the Bitcoin blockchain. Unlike Ethereum-based NFTs, which often rely on off-chain data from the Interplanetary File System (IPFS), Bitcoin Ordinals do not require off-chain connections. This development represents a significant technical advancement within the digital asset space, addressing a previously unresolved (or, to some extent, unrealized) challenge in the Bitcoin blockchain. The process of creating Ordinals inscriptions involves inscribing satoshis with arbitrary content, resulting in bitcoin-native digital artifacts without the need for a sidechain or separate token. These inscribed satoshis can be transferred using bitcoin transactions, sent to bitcoin addresses, and held in bitcoin UTXOs. The transactions, addresses, and UTXOs are treated as normal bitcoin entities, with the exception that transactions must control the order and value of inputs and outputs according to ordinal theory. Binance's decision to support Ordinals inscriptions on its NFT marketplace is a testament to the growing interest and excitement surrounding this new form of digital asset. As Yuga Labs, the creator of the popular Bored Ape Yacht Club NFT collection, said, "Stepping into the Ordinals Discord a month ago felt like getting a glimpse of the 2017-era Ethereum NFT ecosystem. It&rsquo;s the type of energy and excitement we love." With the addition of Ordinals inscriptions to Binance's NFT marketplace, users can expect a more diverse range of digital assets available for trading and collecting. The integration of this innovative Bitcoin-based technology also signals the exchange's commitment to staying at the forefront of the rapidly evolving digital asset landscape. The support for Bitcoin Ordinals could be a harbinger of even more groundbreaking developments in the space. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

After closing shop amid regulatory hurdles and internal conflict, the Paxful markerplace is back to serving its customers.

In Todays Headline TV CryptoDaily News: Peer-to-peer Bitcoin exchange Paxful back online Peer-to-peer bitcoin exchange Paxful has resumed operations after being shut down for over a month. Paxful shut down in April after CEO Ray Youssef expressed concerns about the safety of customer funds as a result of a lawsuit by co-founder Artur Schaback, who sued Youssef and the company for wrongful termination. Pepecoin drops nearly 45% Pepecoin holders may be taking profits on their positions following one of the most spectacular rises in the history of altcoins with an almost 5,000,000% rise in the past few weeks. The tokens are down nearly 45% after setting a peak last week Meme-coin mania, Binance congestion issues The largest cryptocurrency by market capitalization was recently trading at around $27,350, as investors continued to mull over a surge in interest in the PEPE meme coin and Binance congestion issues that forced the exchange giant to temporarily suspend bitcoin withdrawals over the weekend. BTC/USD plummeted 3.3% in the last session. The Bitcoin-Dollar pair plummeted 3.3% in the last session. The CCI indicates an oversold market. Support is at 279901 and Resistance is at 294121. The CCI is signalling an oversold market. ETH/USD dove 1.6% in the last session. The Ethereum-Dollar pair dove 1.6% in the last session. According to the Williams indicator, we are in an oversold market. Support is at 1830.6433 and Resistance is at 1951.5433. The Williams indicator points to an oversold market. XRP/USD plummeted 6.1% in the last session. The Ripple-Dollar pair plummeted 6.1% in the last session. The ROC's negative signal is in line with the overall technical analysis. Support is at 0.4377 and Resistance is at 0.4658. The ROC is currently in negative territory. LTC/USD plummeted 7.7% in the last session. The Litecoin-Dollar pair dropped 7.7% in the last session after rising as much as 2.3% during the session. The Stochastic-RSI indicates an oversold market. Support is at 82.0133 and Resistance is at 85.3733. The Stochastic-RSI is signalling an oversold market. Daily Economic Calendar: JP JP Foreign Reserves The Foreign Reserves are the total of a country's gold holdings and convertible foreign currencies held by its central bank. Japan's JP Foreign Reserves will be released at 23:50 GMT, the French Exports at 06:45 GMT, and Japan's 10-y Bond Auction at 03:35 GMT. FR Exports The Exports measure the total exports of goods and services by the local economy. Steady demand for exports helps to support growth in the trade surplus. JP 10-y Bond Auction The auction sets the average yield on the bonds auctioned off. Yields are set by bond market investors, and therefore they can be used to estimate investors' outlook on future interest rates. US NFIB Business Optimism Index The NFIB Business Optimism Index is the result of Small Business Economic Trends data collected from quarterly surveys since 1974 and monthly surveys since 1986. The US NFIB Business Optimism Index will be released at 10:00 GMT, the French Imports at 06:45 GMT, and the US Redbook Index at 12:55 GMT. FR Imports Imports of goods and services consist of transactions in goods and services (purchases, barter, gifts, or grants) from non-residents to residents. US Redbook Index The Johnson Redbook Index measures the year-over-year same-store sales growth from a sample of large general merchandise retailers. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The Argentine government is obliged by the IMF to force crypto out of the reach of its citizens, while Bolivia takes the decision to sell half its gold reserves for US dollars. Argentina restricts crypto The banking industry and its world financial agencies such as the IMF are using their power and hold over desperate nations to impel them to force their citizens away from Bitcoin and cryptocurrencies. The Central Bank of the Argentine Republic (BCRA) issued a statement recently that prohibits any crypto app from issuing payments in crypto, or carrying out operations that have anything to do with crypto transactions. It does say however that this does not apply to a crypto app that is regulated and that is also authorised by the central bank, but there are no details on how easy or difficult that process would be. The reason for this move is the loan condition that was imposed on Argentina by the International Monetary Fund, which stipulated that the Argentine government must do more to restrict its citizens from engaging with cryptocurrencies. With an inflation rate of more than 100% the financial environment for citizens in Argentina is awful. For them to be told that they cannot make or accept payments in crypto through apps is a way of keeping them corralled inside a broken fiat banking system. It can only be imagined how things might improve for the average citizen if they were to put a percentage of their wealth into Bitcoin. Their purchasing power with fiat currency can only go down, whereas Bitcoin is arguably about to start its bull run in earnest over the next few months. Bolivia sells its gold Bolivia is another very poor country in Latin America that is struggling to avoid a full economic crisis. According to Reuters, the country recently passed a law that enabled it to monetise its gold reserves. The Bolivian government plans to buy mined gold from mining cooperatives in the country, and use this to trade on the international market. However, this will likely end up reducing the country&rsquo;s gold reserves and just result in Bolivia postponing the eventual crisis. El Salvador on the up Meanwhile, there is one success story in Latin America, namely El Salvador. Fitch credit rating agency upgraded the small country&rsquo;s credit rating from CC, to CCC+, given that it had paid off its global bond write-downs and the danger of default appeared to have receded. It seems that a country that has adopted Bitcoin as legal tender is doing very well on it. President Bukele tweeted that his country&rsquo;s expected budget surplus for 2024 could lead to yet another ratings upgrade. All this in spite of the IMF threatening the country over future loans and predicting that the country would fall into financial instability over its Bitcoin adoption. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

In Todays Headline TV CryptoDaily News: Memecoin hype drives Bitcoin transaction fees to multi-year highs Bitcoin transaction fees surged in early May, reaching their highest point over the past two years, according to data from Crypto Fees. On May 3, the total amount of fees paid on the Bitcoin blockchain reached $3.5 million, jumping about 400% from late April. Stripe tackles 'cold start problem' Crypto-friendly payment company Stripe has launched a fiat-to-crypto onramp service to help Web3 companies tackle the issue of their customers not having &ldquo;crypto in their wallets to carry out transactions. Binance closes BTC withdrawals. Crypto exchange Binance closed Bitcoin withdrawals on May 7 due to an alleged overflow of transactions on the Bitcoin network. Bitcoin mempool was clogged with over 400,000 transactions waiting to be processed at the time. BTC/USD traded sideways in the last session. The Bitcoin-Dollar pair traded sideways in the last session. The Ultimate Oscillator is giving a positive signal. Support is at 27632.3333 and resistance is at 30474.3333. The Ultimate Oscillator is currently in positive territory. ETH/USD exploded 1.0% in the last session. The Ethereum-Dollar pair exploded 1.0% in the last session. The MACD is giving a positive signal. Support is at 1780.851 and resistance is at 2070.731. The MACD is giving a positive signal. The last session saw XRP fall 0.4% against USD. The last session saw the Ripple fall 0.4% against the Dollar. The ROC is giving a positive signal. Support is at 0.4425 and resistance is at 0.4766. The ROC gives a positive signal. LTC/USD skyrocketed 1.4% in the last session. The Litecoin-Dollar pair skyrocketed 1.4% in the last session. The MACD is giving a negative signal. Support is at 76.271 and resistance is at 92.731. The MACD is giving a negative signal. Daily Economic Calendar: FI Trade Balance The Trade Balance is the total difference between exports and imports of goods and services. A positive value shows a trade surplus, while a negative value represents a trade deficit. Finland's Trade Balance will be released at 06:00 GMT, Japan's Jibun Bank Services PMI at 00:30 GMT, and Germany's Industrial Production at 06:00 GMT. JP Jibun Bank Services PMI The Jibun Bank Services Purchasing Managers Index (PMI) captures the business conditions in the services sector. The services PMI is an important indicator of the overall economic conditions. DE Industrial Production Industry is a basic category of business activity. Changes in the volume of the physical output of the nation's factories, mines, and utilities are measured by the index of industrial production. UK BRC Like-For-Like Retail Sales The British Retail Consortium Like-For-Like Retail Sales measure changes in the actual value of retail sales from participating companies with invaluable management information on a regular and reliable basis. The UK's BRC Like-For-Like Retail Sales will be released at 23:01 GMT, Japan's Overall Household Spending at 23:30 GMT, and the US 3-Month Bill Auction at 15:30 GMT. JP Overall Household Spending The Overall Household Spending is an indicator that measures the total expenditures of households. The level of spending can be used as an indicator of consumer optimism. US 3-Month Bill Auction Treasury bills are short-term securities maturing in one year or less. The yield on the bills represents the return an investor will receive by holding the bond until maturity. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Bitcoin and Ethereum's ETH are finding buyers at lower levels, which may be a bullish sign for XMR, OKB and RPL.

Coinbase (COIN) shares are up sharply after the company’s first quarter results topped analyst estimates on both revenue and loss per share.

In Todays Headline TV CryptoDaily News: Bitcoin's BRC-20 token standard popularized by memecoins Bitcoin&rsquo;s BRC-20 token standard has become the latest trend in the crypto ecosystem, especially after the Pepe memecoin rise in recent months. A total of 8,500 different tokens have been minted using the BRC-20 standard, with the majority of these BRC-20 tokens being memecoins. Bitcoin regained $28k; Ethereum tops $1,850 Bitcoin was trading higher as the largest crypto token regained the $28,000 level, while Ethereum posted similar gains to trade above the 1,850 mark. UK eases ad approvals for registered crypto firms U.K. lawmakers voted in favor of a highly anticipated amendment to ease advertisement approvals for crypto firms. The amendment would allow crypto companies that are already registered with the country&rsquo;s financial watchdog under its anti-money laundering regime to be able to approve their own ads. BTC fell 0.4% against USD in the last session. Bitcoin fell 0.4% against the Dollar in the last trading session. The Ultimate Oscillator is giving a positive signal. Support is at 27526.3333 and resistance at 29464.3333. The Ultimate Oscillator is currently in the positive zone. The Ethereum-Dollar pair gained a moderate 0.2% in the last session. The Ethereum-Dollar pair made a minor upwards correction in the last session, gaining 0.2%. The Stochastic indicator gives a positive signal. Support is at 1801.7867 and resistance at 1912.5867. The Stochastic indicator is currently in positive territory. XRP/USD dove 1.5% in the last session. The Ripple-Dollar pair dove 1.5% in the last session. The RSI is giving a negative signal. Support is at 0.4546 and resistance at 0.4709. The RSI is giving a negative signal. LTC/USD plummeted 1.1% in the last session The Litecoin-Dollar pair plummeted 1.1% in the last session. The ROC is giving a positive signal. Support is at 84.7367 and resistance at 90.7967. The ROC is currently in positive territory. Daily Economic Calendar: US Initial Jobless Claims The Initial Jobless Claims is a measure of the number of people filing first-time claims for state unemployment insurance. The US Initial Jobless Claims will be released at 12:30 GMT, the US Unit Labor Costs at 12:30 GMT, and Germany's Trade Balance at 06:00 GMT. US Unit Labor Costs The Unit Labor Cost shows the total cost of employing a labor force. It can serve as an indicator of trends in production costs, share prices, and inflation. DE Trade Balance The Trade Balance is the total difference between exports and imports of goods and services. A positive value shows a trade surplus, while a negative value represents a trade deficit. DE Exports The Exports measure of the total exports of goods and services by the local economy. Steady demand for exports helps to support growth in the trade surplus. Germany's Exports will be released at 06:00 GMT, Australia's Trade Balance at 01:30 GMT, and Australia's Exports at 01:30 GMT. AU Trade Balance The Trade Balance is the total difference between exports and imports of goods and services. A positive value shows a trade surplus, while a negative value represents a trade deficit. AU Exports The Exports measure the total exports of goods and services by the local economy. Steady demand for exports helps to support growth in the trade surplus. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

WSB prices fell sharply as the apparent token sale by insiders led to token holders dumping holdings en masse.

Calgary, Canada, May 3rd, 2023, ChainwirePortals, the platform that simplifies Web3 by enabling anyone to bundle complex DeFi actions, has announced the successful close of a $2M seed funding round led by Lightshift Capital, with participation from Poolside, Basement Labs, LongHash Ventures, Daedalus Angels, Mechanism Capital and leading angels 0xMaki, Mathieu Baril, Owl.eth, Emile Dubie, Rudy Kadoch, David Dias, and others.Lightshift Capital, the lead investor, recognized Portals' unique value proposition in the DeFi space and is excited to be part of their journey. According to Sim&atilde;o Cruz, Founding Partner at Lightshift: &ldquo;Portals' emphasis on simplifying DeFi for retail investors is a critical component in driving widespread adoption of this new financial paradigm. With Portals, users no longer need to worry about which type of tokens to hold, which venues to use, or which chains are involved in the transaction. Instead, they can focus solely on the assets they want to use and execute their transactions with ease in just one click.&rdquo;With this funding, Portals is poised to continue disrupting and simplifying the DeFi space, allowing anyone to easily manage complex DeFi activities.Portals enables:Bundling of complex, multi-step actions, such as swapping interest-bearing, liquidity pool, vault, and other exotic assets in one-click.Staking to earn yield from over 20,000 supported opportunities, with new platforms frequently added to the list.Access to Web3 data from DeFi protocols, including liquidity pool and token prices, contract positions, account balances, and more through the Portals API.The Portals API is built by Web3 natives who understand the challenges and complexity this technology can bring for new developers. Therefore the experienced team of Portals has focused on making the integration as seamless as possible for any level of developer. In addition Lightshift has contributed its engineering teams to build an API integration boilerplate that anyone can use to bootstrap their integration. This ensures that developers have the tools they need to integrate Portals seamlessly into their products, while retail users can enjoy hassle-free access to a vast range of DeFi opportunities."We're thrilled to have the support of Lightshift and our other investors as we continue to enhance performance, boost functionality, and drive DeFi adoption," said Nabi Ozberkman, co-founder and CTO of Portals. "Our team has the skills, experience, and network to create one of the top solutions in the market."Portals was recently selected to be a part of Poolside Accelerator's inaugural cohort, receiving $100,000 in funding and mentorship in areas like marketing, token economy, go-to-market and business development strategy. The program began mid-April. In early June, Portals will present its product during the Poolside Demo Day to a select group of investors.Portals was founded by Suhail Gangji, who previously co-founded Zapper, and Nabi Ozberkman, who has extensive experience in DeFi as part of the OlympusDAO team. The company plans to use the funding to accelerate product development and expand the team, as they continue to simplify DeFi and make it accessible to everyone."We see great potential in Suhail as a strong founder, coming from Zapper, with an ability to ship fast. Portals is offering the most comprehensive swaps between exotic tokens like LP shares and interest bearing assets, something that is valuable to any DeFi market participant. Portals will be an instrumental tool as DeFi adoption continues and experiences another major upturn,&rdquo; said Brian Fakhoury, Partner at Mechanism Capital.About PortalsPortals is a platform that simplifies Web3 by enabling anyone to easily bundle complex DeFi actions. With $2 million raised and the experience of having founded Zapper, Portals is ready to drive mass adoption of DeFi.For more information, visit: Website | Twitter | Telegram | DiscordFor media inquiries or further information, please contact us at [email protected] [email protected]

Ripple has continued to sell XRP only in connection with its international transaction product.

Bitcoin and select altcoins turned down sharply on April 19 but a minor positive is that the bulls are trying to defend their respective support levels.

In the ever-evolving world of DeFi crypto, trends come and go, but only the most innovative projects leave a lasting impact. Rocket Pool (RPL) and Polygon (MATIC) have made waves in the market, but now, DigiToads (TOADS) is set to become the next big thing, offering a unique combination of deflationary tokenomics, P2E gaming, NFTs, […]

Commodities rallied as the U.S. Treasury struggled with the banking crisis, but Bitcoin bulls also overplayed their hand in this week’s options expiry.

The plaintiffs referred to Musk’s 2021 Saturday Night Live appearance, during which he played “a fictitious financial expert” and called Dogecoin “a hustle,” causing the price of DOGE to sharply decline minutes after the show.

A report from app provider De.Fi showed losses from theft down in Q1 2023 compared with 2022, along with the recovery of funds.