Author: cryptonews7
Advertisement     Back in 2021, tech billionaire Elon Musk styled himself as the “Dogefather” ahead of a “Saturday Night Live” skit about the meme cryptocurrency — sending its price roaring upwards. DOGE would rocket to its current all-time high price of about $0.73 at this time. However, the Tesla/SpaceX boss seldom mentions the title associated with his beloved cryptocurrency. Today, after being given a DOGE-labeled chainsaw by Argentinian president Javier Millei, Musk posted a rather amusing picture of himself on X featuring “The Dogefather” in the background. “This is a real picture,” Musk captioned the new post. However,…
Add Franklin Templeton to the list of asset managers seeking approval for exchange-traded funds tracking the ongoing price of Solana. The issuer on Friday afternoon filed an S-1 prospectus with the Securities and Exchange Commission for a Franklin Solana ETF. “The Fund seeks to reflect generally the performance of the price of Solana,” the firm said in its filing. San Mateo, California-based Franklin follows multiple other issuing giants seeking an SEC nod for Solana-based funds. Grayscale, Bitwise, Canary, 21Shares, and VanEck have all submitted filings for ETFs based on the performance of the sixth-largest crypto by market capitalization. Bloomberg Senior…
Advertisement     A popular crypto analyst has made a bold proclamation about altcoins as the broader crypto market attempts a recovery. The chief executive of blockchain intelligence platform CryptoQuant stated that the stage is set for altcoins — aka cryptocurrencies that aren’t Bitcoin — to witness a big burst to the upside. Altcoins’ Trading Volumes Overtake Bitcoin CryptoQuant CEO Ki Young Ju told his followers on X that the highly anticipated time for altcoins to outperform Bitcoin is already underway. Young Ju suggested that “alt volume is 2.7x BTC.” This indicates that altcoins are currently posting a higher…
While the crypto market has been struggling with low volatility, LTC has somehow managed to maintain robust activity evident in its Litecoin price action. It is on track to conclude February as one of the most active coins during the month. Speaking of activity, the latest Litecoin price uptick was in line with derivatives activity which maintained an upward trajectory. Its open interest clocked in at $915.72 million in the last 24 hours. This marked the highest level that it has achieved in the last 4 years. Litecoin open interest/ source: Coinglass The last time that Litecoin’s futures open interest…
Litecoin (LTC) price fell over 5% in 24-hours to reach $129.37. Trading volume was dwindling despite rising expectations for an ETF approval. However, there is optimism among investors, as market activity continues to grow and institutional interest builds. Litecoin Price and Market Performance Market capitalization lowered by 4.96% and was at $9.7 billion. Trading volume for the 24-hour period was 26.01% lower at $1.34 billion. This level of volume further implies lower interest among investors. 1-day LTC trading chart The prices were ranging and moving upwards with slight fluctuations from about $124.92 and reached as high as $140 but slightly…
Bears might be sweating, up to $3b in short-side liquidations could be triggered with a move to $100k US policymaker announcement this week suggests that some restrictive policies may pause. Altcoin Analysis: ETH and SOL Could the bears be in trouble here? That’s front and centre in my mind heading into the end of this week. Let’s break down some reasons why I think that might be the case. Sentiment in crypto markets have taken a hit in recent weeks, with the fear and greed index currently indicating market sentiment as fearful. Global exchange data from Coinglass suggests that if…
Advertisement     While Cardano’s native token ADA remains 74.3% below its all-time high value of $3.09, a favorable technical pattern is taking shape. A closely followed crypto analyst has identified one pattern that could trigger an over 20% move in the price of ADA. ADA Token Eyes 24% Move On The Horizon For ADA In a new strategy session, Ali Martinez told his 127,700 followers on the X social media platform that Cardano’s governance token may be gearing up for a 24% move. The popular trader highlighted an ascending triangle pattern on ADA’s 3-hour candle chart to back…
Multiple spot Solana ETF filings entered formal SEC review on Feb 18, giving the regulator 240 days to approve or reject. If approved, VanEck projects SOL could reach over US$500, while the SEC has also acknowledged Nasdaq’s CoinShares XRP ETF filing, triggering a 21-day public comment period and potential follow-up review. Several spot Solana ETF filings have reached an official review phase by the US Securities and Exchange Commission (SEC). Filings from VanEck, 21Shares, Bitwise and Canary Capital were published in the Federal Register on February 18, opening a 240-day window for the regulator to either greenlight or reject them. …
The cryptocurrency market has retreated from its post-Trump election surge with Bitcoin trading at US$95,139 while Solana faces steeper declines amid concerns over memecoin sentiment. The LIBRA scandal has intensified with allegations involving Argentine President Milei’s administration and developer Hayden Davis’s admission of market manipulation through sniping. FTX’s bankruptcy estate has begun its creditor repayment program worth US$16 billion, though reimbursements based on collapse-era prices will result in significant losses for most investors. The crypto market is struggling to keep momentum it had built following Donald Trump’s election in November 2024. After the election, Bitcoin surged by 60%, peaking in…
Ben Chow, the co-founder and ex-CEO of Solana-based DeFi protocol Meteora, has stepped down following allegations of insider trading related to the disastrous launch of LIBRA last week. The pseudonymously named co-founder of Meteora, Meow, posted the news on X / Twitter, saying the resignation came as a result of Chow’s recent “poor judgement”. An investigation by Bubblemaps and CoffeeZilla has found strong links between one of the largest MELANIA holders and the wallet which created LIBRA. Insider trading has been happening in the famously trustworthy world of shitcoins? No way! In shocking news for degens everywhere, Ben Chow, the…