Author: cryptonews7
Advertisement     VanEck has filed for approval for a new spot exchange-traded fund (ETF) tracking the price of BNB, the native crypto of the Binance-linked BNB Chain. The fund manager, which already offers spot Bitcoin (BTC) and Ethereum (ETH) ETFs in the U.S., has registered a trust entity in Delaware for a BNB ETF, mirroring moves made prior to its other spot crypto ETF forays. If fully approved, it could potentially become the first such product in the United States based on the fifth-largest crypto. VanEcK Registers For BNB Fund In Delaware New York investment manager VanEck, on…
Advertisement     Elon Musk may be one of Dogecoin’s most high-profile proponents, but he has clarified that the United States government has no intention of using DOGE, distancing the OG memecoin from the controversial Department of Government Efficiency (D.O.G.E.) he is currently helming. No DOGE In D.O.G.E: Musk Elon Musk has dismissed rumors of Dogecoin being incorporated into D.O.G.E.’s operations. “There are no plans for the government to use Dogecoin or anything as far as I know,” Musk said at a Sunday town hall in Green Bay, Wisconsin, hosted by his America PAC. “They happen to be similar…
PumpSwap, a new Solana DEX from Pump.fun, surpassed US$10B in trading volume in just ten days and holds over US$1.14B in TVL. It offers a direct listing route for memecoins, bypassing Raydium, and has generated over US$20M in fees with nearly 700,000 unique wallets and 30.5M swaps. PumpSwap, the latest decentralised exchange (DEX) from the team behind the memecoin launchpad Pump.fun, has roared onto the Solana scene by surpassing US$10B (AU$15.87B) in total trading volume in just ten days, according to data from Dune Analytics. PumpSwap daily volume. Source: Dune Analytics Solana’s DEX Landscape Heats Up As Crypto News Australia…
Advertisement     Cardano founder Charles Hoskinson has revealed ongoing efforts to integrate with major blockchain ecosystems, including Dogecoin, Chainlink, and Bitcoin, that could expand Cardano’s reach and use cases. Speaking during a Friday interview with Gokhshtein Media, Hoskinson disclosed that discussions with Chainlink co-founder Sergey Nazarov are progressing, however, emphasizing that integration will take time due to technical challenges. “I spent last night with Sergey Nazarov from Chainlink… and I asked, ‘Hey, what about integrating Chainlink with Cardano?’ He said, ‘Yeah, yeah, we’re working on it with you guys, but your stack is a bit unusual, so it’ll take some…
Advertisement     Cardano (ADA) is not a stranger in crypto circles. It has cemented its status as one of the top proof-of-stake (PoS) blockchains supporting decentralized application (dApp) development. As a result, renowned market analyst Javon Marks believes that if higher lows continue forming in the Cardano network, the ninth-largest cryptocurrency might scale the heights and soar to the $2.77 level. Marks pointed out, “ADA (Cardano) currently holding ANOTHER set of Higher Lows and these have recently been leading into higher upside moves for prices and with a target over +264% away at $2.7709 that is in play,…
Advertisement     ADA traded fairly strong on Tuesday, extending Monday’s gains and breaking correlation with major cryptos like BTC, ETH, and XRP, which traded red. Despite this strength, ADA has remained in a tight range since March 10, fluctuating between $0.75 and $0.68 as the broader crypto market stays muted. However, analysts suggest that a major breakout to $10 may be imminent. In a Tuesday tweet, crypto analyst Javon Marks projected that ADA could surge sixfold from current prices if historical patterns from the last bull run repeat, supported by Fibonacci extension targets. “Based on $ADA (Cardano)’s past…
Polkadot’s move toward its Join-Accumulate Machine (JAM) upgrade sparked discussions around this technological advancement happening on X. Polkadot Price Prediction Recent analysis showed that Polkadot (DOT) successfully escaped from its falling wedge pattern indicating an end to its long-term price decline. The recently observed breakout indicated that DOT could be transitioning into a bull market while facing upcoming resistance barriers located at $5.50, $7.60 and $9.25. At the time of writing the price reached $4.75 following a break of the 50-day SMA that historically functioned as a dynamic resistance during falling wedges. Such persistent price movements beyond this level would…
BlackRock and its technology partner Securitize have announced their blockchain money market fund will now expand to Solana. The Blackrock USD Institutional Digital Fund (BUIDL) provides traditional investors with the opportunity to earn yield through blockchain ecosystems. BUIDL has recently reached US$1.7B in cash and treasury bill holdings and is projected to reach US$2B in early April. BUIDL signifies growing interest by large TradFi entities in the financial benefits that blockchain technology can generate. BlackRock’s technology partner Securitize announced the news that the BUIDL fund will expand to popular blockchain Solana (SOL), which has been a Layer-1 competitor to Ethereum…
CBOE filed a proposal to list Fidelity’s Solana ETF, pending SEC approval. It’s expected that SOL ETFs, if approved, could bring inflows of over US$6B amid growing investor interest. Fidelity is joining other asset managers in racing to launch SOL ETFs, with analysts at Bloomberg predicting a 70% chance of SEC approval this year. The CBOE BZX Exchange has requested permission from the US Securities and Exchange Commission (SEC) to list a proposed Fidelity exchange-traded fund (ETF) that holds Solana (SOL), according to a March 25 filing. Source cdn.cboe.com The SEC approval is pending, but if granted, trading of the…
Litecoin (LTC) has been integrated into Telegram’s Wallet to allow for cryptocurrency purchases, sales and trading by the platform user. The incorporation of digital currencies into main social media platforms continues its advancement with this strategic addition. Telegram’s Wallet Now Supports Litecoin In a recent X post, Litecoin Foundation has noted that Telegram Wallet feature now supports Litecoin transactions which allows its 100 million user base to handle cryptocurrency buying and selling through a single app platform. The integration of Litecoin tokens directly within Telegram allows users to bypass external exchanges or wallets when they want to use or trade…