Three U.S. senators have urged Federal Reserve Chair Jerome Powell to cut interest rates, arguing that high rates stifle the economy and raise housing and auto insurance costs, which are key inflation drivers. They warn that prolonged high rates risk a recession and increased unemployment, calling for immediate rate cuts to stabilize the economy. Senators…
Sealana (SEAL), one of the most talked-about Solana presale tokens, has passed the $4 million funding milestone. And as the countdown begins for its highly anticipated DEX listing, investors are scrambling to buy SEAL tokens at a discount while they can. Sealana Presale Raises $4M & Enters Final Stretch Sealana is bringing a dose of…
Bitcoin’s price has failed to keep up its upward momentum and has yet to set a new record high above the $75K level. Given the current price action, even a deeper correction is probable. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price dropped below the $68K support level a few…
TL;DR Polkadot (DOT) is trading at around $6.37 amid a market correction, with analysts predicting a potential rise if it surpasses key resistance zones. The Relative Strength Index (RSI) indicates the asset might be poised for an upward trend, with current levels suggesting it is not overbought. Bears Might Get Disappointed Polkadot’s DOT is yet…
While XRP investors have been hoping for the coin’s price to rally for the past few months, the exact opposite is occurring at the moment. Yet, this shakeout might just be the final phase before a new uptrend. Ripple Price Analysis By TradingRage The USDT Paired Chart Against USDT, XRP has consolidated inside a large…
TL;DR Despite a recent dip below $67,000, industry participants remain optimistic about Bitcoin’s potential resurgence and future gains. Upcoming US CPI data and the FOMC meeting could significantly impact BTC’s price, with analysts expecting possible upward movement. The Optimistic Scenarios The price of Bitcoin (BTC) rallied to almost $72,000 earlier this month, allowing some industry…
Floki (FLOKI) may be struggling – but a new dog-themed meme coin is taking the market by storm. PlayDoge (PLAY), an upcoming Play-to-Earn project, is generating enormous hype as its presale nears the $4m milestone. FLOKI Takes a Tumble After Hitting All-Time High It’s been a rough week for FLOKI investors. After fetching new all-time…
On Tuesday, the price of bitcoin (BTC) fell to an intraday low of $66,696 per unit, marking a 3.3% decrease over the last 24 hours. This decline resulted in the liquidation of $170.25 million in long derivatives positions, with $50.87 million of this amount comprised of BTC long positions. Bitcoin Shudders Below $67,000 The global…
According to statistics, 115,773 tokens were issued on the Solana blockchain, and 30-day metrics show that more than half a million tokens, specifically 549,386, were minted. Solana Blockchain Mints Over Half a Million Tokens in 30 Days Solana has recently been a major source of new tokens, surpassing every other blockchain in monthly token issuance.…
[PRESS RELEASE – Singapore City, Singapore, June 11th, 2024] Web3 infrastructure provider SubQuery Network has announced the launch of two new RPCs for the Polkadot ecosystem. Available for Polkadot and Kusama, they are the first decentralized RPCs to be made available on the Substrate-based networks. SubQuery provides web3 infrastructure for almost 200 networks. The SubQuery…