XRP Trading Soars: 2.2 Billion Tokens Exchanged Amid Market Sell-Off
In the past 24 hours, XRP, the seventh-largest cryptocurrency by market capitalization, experienced a significant boost in trading volume. During this period, traders exchanged a massive 2.2 billion XRP tokens, coinciding with a broader cryptocurrency market sell-off. Investors liquidated over $229 million in positions, fueling heightened activity as they reacted to the recent market turbulence. […]
Toncoin Faces Sell Wall Pressure: Can It Surpass $5.23 and Hit $7 Again?
Toncoin (TON) faces significant hurdles in its price recovery, primarily due to a substantial sell wall and bearish market conditions. Currently, Toncoin trades at approximately $5.20, reflecting a 10% decline over the past week. This price also marks a 37% drop from its all-time high. Moreover, around 75% of Toncoin holders find themselves “out of […]
Shiba Inu on the Move: Whale Activity Suggests Major Price Shift
Whale activity in Shiba Inu (SHIB) has picked up again, signaling a potential recovery for the meme-based cryptocurrency. On-chain data revealed that over 3 trillion SHIB tokens were moved in large transactions over the past 24 hours, reflecting a sharp increase in trading volume. Such whale activity, where large holders make significant moves, often foreshadows […]
Price Analysis: Terra Classic (LUNC) Faces Critical Resistance Levels After Recent 24 Hours 3.91% Decline
The past 24 hours have been turbulent for Terra Classic (LUNC) as the cryptocurrency faces significant selling pressure. The 1-hour chart indicates that LUNC’s price movement has been influenced by critical technical levels, with bulls struggling to gain ground. As of the most recent data, LUNC trades at $0.00008650, reflecting a minimal decline of 0.09%. […]
Ripple Tightens Control with RLUSD Burns After 42 Million Minted
Ripple, a leading player in the crypto market, has recently minted nearly 50 million Ripple USD (RLUSD) stablecoins over the past week. Following this significant minting, the Ripple Stablecoin Tracker on the X platform reported that Ripple has burned several batches of RLUSD stablecoins. This activity coincided with Ripple’s warning about scammers targeting crypto users, […]
CARV Joins MDEC’s Vision to Make Malaysia a Leading Web3 Gaming Hub
Kuala Lumpur, Malaysia, 8th October 2024, Chainwire
Is XRP Poised for a Breakout Amid SEC Controversies and Leadership Changes?
In July 2023, U.S. District Judge Analisa Torres ruled that XRP sales to retail investors do not qualify as securities transactions. However, the judge deemed institutional sales as unregistered securities offerings. Following this ruling, the SEC imposed a $125 million penalty on Ripple, significantly less than the $2 billion initially sought. Recently, the SEC filed […]
XSGD, Singapore’s First Dollar-Backed Stablecoin, Launches on Bitstamp to Power Global Cross-Border Payments
Singapore, Singapore, 8th October 2024, Chainwire