Solana CME Futures Volume Surges to $12.1 Million: Will the Launch Fizzle Out or Soar Even Higher?

Solana has seen significant growth in trading volumes for its CME futures contracts, reaching a total of 12.1 million USD. The launch of these futures contracts has sparked debate within the crypto community, with some questioning whether this is just the beginning or if there is more to come. The introduction of Solana futures on [...]

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Market Outlook: CME Fedwatch Tool Points to Increased Chance of June Rate Hike

According to the CME Group Fedwatch tool on Thursday, there was a 51% probability of a quarter-point rate increase during the upcoming Federal Open Market Committee (FOMC) meeting on June 14. Just a fortnight ago, the Fedwatch tool indicated a slim possibility of the federal funds rate reaching 5.50% next month. The following day on [...]

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Terraform Labs CEO Do Kwon Denied Bail by Montenegrin High Court; Extradition Requests Loom

A Montenegrin high court judge has reportedly invalidated the bail application of Do Kwon, the co-founder of Terraform Labs. Kwon was detained for providing false identification while boarding a flight to Dubai alongside a companion on March 23, 2023. Terraform Labs Co-Founder’s Bail Request Invalidated by Montenegrin High Court For the past 62 days, Do [...]

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Arbitrum Airdrop Goes Live: ARB Price Drops More Than 85%

On Thursday, the Arbitrum airdrop claiming process went live and ARB markets dropped more than 85% lower than pre-IOU market prices recorded the day before. Arbitrum airdropped just over a billion ARB tokens, or 11.6% of the total supply. At noon ET, more than 474 million tokens had been claimed. Wild Volatility for ARB Token: [...]

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Cryptocurrencies see uninspired action as stocks open higher | Invezz

Cryptocurrencies remain largely indecisive since last week’s heavy selling that pushed the prices of the leading digital assets below key support levels. Bitcoin and Ethereum for instance have found it difficult to reclaim the $23k and $1.6k levels, with the declines in crypto contrasting with slight gains for stocks after major indices ended last week ...

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OKX tokens soar double digits as crypto begins 2023 higher | Invezz

OKX, the cryptocurrency exchange that’s slowly taking up a bigger chunk of the market following the collapse of FTX, is seeing its ecosystem tokens rally into 2023 amid a broader market resilience. On Monday, 2 January, the OKX (OKB/USD) and OKC Chain (OKT/USD) tokens jumped double digits. OKB price rose to highs of $30.34 according ... Read more

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Shiba Inu aims higher after 30% surge over the weekend: here’s where to buy SHIB

Shiba Inu SHIB/USD has become a sensation on social media after registering a surge of about 30% over the weekend.

The Bulk of the rally was witnessed yesterday (August 14) after the meme coin gained about 27%. SHIB is still bullish today and there are high expectations that the bullish trend could continue for some days.

To help new investors and traders who are eyeing the coin, Invezz has created a brief article to assist crypto traders and investors understand the metrics behind the SHIB price surge and provide them with some of the best places where they can buy the meme coin.

To find out more, please continue reading.

The recent SHIB price surge is pegged on Shiba Inu’s metric showing that the SHIB burn rate had surged by 85% on August 14. The Shiba Inu network has burned over $6.36 million worth of SHIB tokens in its lifetime, which is a high figure considering the price of a single SHIB token.

The rally also came about 10 days after Binance’s announcement that it had added SHIB and AVAX support on its payment cards issued in Europe. This move set the dog-themed meme coin for more exposure in the European cryptocurrency space.

After the price surge on August 14, analysts believe SHIB has broken out of a prevailing cup-and-handle pattern; something that has raised the prospects of the price of Shiba Inu raising further in the coming weeks.

A majority of analysts believe SHIB could see a 50% rise by September. In particular, there are indications that the meme coin could be headed for $0.00002253.

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JUST IN: Shiba Inu $SHIB has reclaimed a $10 billion market cap.

JUST IN: Shiba Inu has flipped #Avalanche to become the 12th largest cryptocurrency in the world by market value.

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Meme Token Economy Jumps Close to 10% Higher After Dogecoin Spike Fuels the Pack – Markets and Prices Bitcoin News

The top meme tokens by market capitalization saw a significant jump on Monday after being fueled by dogecoin’s recent price rise. Crypto meme coins like shiba inu, dogelon mars, and floki inu saw 2-13% gains over the last 24 hours. The entire meme token economy is worth $35.8 billion, up 9.4% today. Meme Token Assets […]

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NFT Sales Slid Lower This Week, Cronos NFT Volume Jumps 236% Higher, Azuki Collection Rises  – News Bitcoin News

Last week, non-fungible token sales saw an improvement after tumbling week after week in terms of sales volume. This week, NFT sales are down 2.15% from last week’s $544.6 million to this week’s $539.2 million. The top NFT collection in terms of weekly sales was the Azuki compilation of collectibles, as the project saw a […]

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NFT Weekly Sales Volume Improves Jumping 17% Higher Than the Week Prior – Bitcoin News

After cryptocurrency assets jumped in value this week, following the Federal Reserve’s rate hike on Wednesday, non-fungible token (NFT) weekly sales volume data shows an improvement from last week’s sales metrics. At the time of writing, in terms of seven-day sales volume, the aggregate NFT sales volume increased by 17.86% this week to $457 million. […]

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Sheikh Mohammed Approves Law to Regulate Cryptocurrencies, NFTs

Source: Khaleej Times An independent authority, established under Dubai World Trade Center Authority, will oversee the regulation, licensing and governance of virtual assets, non-fungible tokens (NFTs), and cryptocurrencies. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, approved a first-of-its-kind law to regulate cryptocurrencies in […]

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Bitcoin’s Hashpower Drops, BTC Mining Difficulty Expected to Jump Higher in 4 Days – Mining Bitcoin News

The processing power behind the Bitcoin network has dropped 30% since the hashrate’s all-time high (ATH) on February 15, sliding from 249 exahash per second (EH/s) to 169 EH/s. Furthermore, four days from now, the network’s mining difficulty is expected to increase following the 4.78% epoch change on February 17. Bitcoin Hashrate Drops From 249 […]

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Meme Coins, Avalanche Move Higher on Tuesday – Market Updates Bitcoin News

Meme coins were higher on Tuesday, as the global cryptocurrency marketplace rebounded from recent declines in price. Both DOGE and SHIB were trading close to 7% higher during the session. In addition to the meme coins, there were several other gainers on Tuesday, as both traders and long-term investors bought the crypto dip. Biggest gainers […]

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First Mover Asia: Bitcoin Bounces Above $50K Amid Light Weekend Trading, Altcoins Kick Higher

(Edited by James Rubin) Good morning. Here’s what’s happening this morning: Market moves: Bitcoin returned above $50,000 after the S&P 500 rose to a near record high. Technician’s take (Editor’s Note): First Mover Asia replaces the usual Technician’s Take today with CoinDesk’s annual list of the most influential people in cryptocurrency. This year’s group of […]

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Bitcoin Trading Update: XRP, LT, OM, and GT Poised for Higher Movement

Bitcoin is trading within a narrow range while altcoins like XRP, Litecoin, OmiseGo are setting their sights higher. The cryptocurrency market is experiencing some stability as Bitcoin remains steady, hovering around a certain price point. Investors are closely monitoring the movements of Bitcoin as it sets the tone for the rest of the market. Altcoins [...]

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Metacade positive catalysts could push price higher in 2023

Metacade (MCADE) price has held quite well in the past few days as the newly listed token continues gaining momentum. The MCADE token has been trading at $0.018 in the past few days, giving it an indicative market cap of over $25 million, according to Coinbase. Latest Metacade news One of the hottest crypto news …

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Egypt Struggles With Skyrocketing Inflation and Depreciating Currency, While Bitcoin Nears Record High in the Country

According to the Egyptian Statistics Bureau, Egypt’s annual inflation rate hit 36.8% in June, a staggering 33.7% increase from May’s inflation rate, breaking records. Egypt, the world’s 14th most populous country, grapples with soaring prices for goods and services across the region. Additionally, the bitcoin exchange rate in Egypt is approaching the record high set [...]

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SWEAT price drifts higher as the new giveaway gets underway

Sweat Economy (SWEAT/USD) price drifted upwards this week after the developers announced a unique giveaway for its users. The token rose to a high of $0.0097 on Wednesday, which was about 20% above the lowest point in March. Chief Walking Officer Sweat Economy, a leading player in the move-to-earn industry, annnounced that it was offering …

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‘Dr. Doom’ Nouriel Roubini Warns of Looming Banking Crisis and Trilemma for Central Banks

Economist Nouriel Roubini has shared his opinion about bank problems in the United States in a recently published opinion editorial. In the article, Roubini insists that “most U.S. banks are technically near insolvency, and hundreds are already fully insolvent.” Roubini: ‘Liquidity Support Cannot Prevent This Systemic Doom Loop’ The renowned economist Nouriel Roubini, also known [...]

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