Author: Benjamin Lee

Ethereum (ETH) rival Avalanche (AVAX) has raised $250,000,000 from a locked token sale led by Galaxy Digital, Dragonfly and ParaFi Capital. According to a new announcement, Avalanche says that more than 40 companies participated in the sale, including SkyBridge, Hivemind and Morgan Creek Digital. A locked token sale means the tokens sold have certain vesting or lock-up periods. The proceeds will go toward supporting the blockchain’s upgrade called Avalanche9000. “The influx of capital follows the launch of the Avalanche9000 testnet, a key milestone that paves the way for the upcoming mainnet network upgrade on Monday, December 16th, which will reduce…

Decentralized finance (DeFi) altcoin Velodrome Finance (VELO) is skyrocketing following a new listing from the world’s largest crypto exchange by trading volume. Earlier today, Binance announced the addition of VELO to the crypto exchange. “Binance is excited to announce that Velodrome Finance (VELODROME) will be added to Binance Simple Earn, ‘Buy Crypto’, Binance Convert, Binance Margin, Binance Auto-Invest, and Binance Futures at the respective dates and timings listed below.” According to the announcement, Binance’s Simple Earn will list VELO Flexible Products for subscription today. Binance users will be able to purchase VELO on Monday, December 16th. VELO has almost doubled…

A widely followed crypto analyst is highlighting whale activity surrounding popular crypto assets such as Bitcoin (BTC), Dogecoin (DOGE), Cardano (ADA), and XRP during this week’s market dip. In a new thread on the social media platform X, crypto strategist Ali Martinez tells his 98,300 followers that deep-pocketed investors have loaded up on smart contract platform Cardano during the last two days. “Cardano whales bought over 80 million ADA in the last 48 hours!” Source: Ali Martinez/X Cardano is trading for $1.14 at time of writing, a 6.22% decrease during the last 24 hours. Moving on to the dog-themed meme…

New data from market analytics firm Glassnode reveals that traders are keeping their Solana (SOL) stacks amid expectations that its price will continue to rise. In a new thread on the social media platform X, Glassnode says that long-term holders now own a significant supply of SOL, believing that Solana’s bullish phase is far from over. “Solana investors are HODL-ing (holding on for dear life) firm, expecting higher prices. Long-term holders’ share of wealth locked in the network is growing. The 6-12 month cohort now holds 27% of the supply, showing conviction from 2024 rally buyers.” Source: Glassnode/X But the…

WIF, PEPE, and SEI were among top performing altcoins as Bitcoin surged to above $63,800 on September 19 These gains followed the US Federal Reserve’s 0.5% interest rate cut Analyst says WIF could outpace the market in coming weeks Meme coins dogwifhat (WIF), Pepe (PEPE), and layer 1 blockchain Sei (SEI) are among the top gainers in the past 24 hours as several altcoins record their best performances. SEI was up 19%, WIF 17%, and PEPE 12% as crypto rose amid Bitcoin’s surge to above $63,000 on Thursday. According to data from CoinGecko, SEI’s price reached highs of $0.35 as…

Sui has seen a more than 44% spike in price in the past week and 65% in 30 days Gains come after the Grayscale Sui Trust opened for accredited investors The SUI network’s total value locked (TVL) has surpassed $1.34 billion SUI’s price surges as its total value locked (TVL) jumps to $1.3 billion, rising 44% in the past week to trade above $1.67. The gains include a more than 65% spike in the past 30 days. This sees the native token of the layer 1 blockchain platform reach highs last seen in early April. What pushed the SUI price…

The whale sold over 150k Injective (INJ) tokens worth over $3.29 million According to Lookonchain, the whale acquired 2.44 million Lido DAO (LDO) worth over $3.05 million INJ price dipped slightly while LDO rose A whale has sold a significant number of Injective (INJ) and bought more Lido DAO (LDO) tokens. On Wednesday, September 25, Lookonchain shared on-chain details that showed the whale dumped 150,428 INJ valued at $3.29 million. The whale swapped the INJ for 2.44 million LDO valued at more than $3.05 million. Per Lookonchain, the whale sold their INJ for LDO via crypto liquidity provider Cumberland. A…

Sui (SUI) has surged 116.2% in three months. While Bitcoin Dogs (0DOG) has seen a considerable decline since its public listing, key metrics point to a possible trend reveal. Both tokens show growth potential, with SUI’s TVL exceeding $1 billion and rising interest. Cryptocurrency investors are continuously on the lookout for promising assets that offer significant growth potential and two tokens, Sui (SUI) and Bitcoin Dogs (0DOG), have caught the attention of investors. Both Sui and Bitcoin Dogs have showcased impressive performance and unique features, making them appealing choices for traders and long-term investors. Sui price soars by 63% in…

Crypto market drops as Iran launches missile strikes into Israel Bitcoin falls to $62k; Ethereum drops below $2,500 The global crypto market cap declines by 2.72% to $2.18 trillion The global crypto market has witnessed a decline in value following reports of Iran firing missiles into Israel. The heightened geopolitical tensions have sent shockwaves through financial markets worldwide, with crypto assets taking a hit. As news of the missile strikes spread, cryptocurrency markets reacted swiftly. Bitcoin (BTC), the largest cryptocurrency by market capitalization, had dropped to $61,932.92 at press time. Ethereum (ETH), the second-largest cryptocurrency, witnessed a 3.42% plunge, with…

Bitcoin price broke to above $66,000 for the first time in nearly three weeks Cypto analysts at QCP say ‘Uptober’ and the US election sentiment could push bulls higher Bitcoin’s (BTC) price rose more than 6% to break above $66,000 on Monday, October 14, 2024, as most cryptocurrencies recorded 24-hour gains. According to data from CoinGecko, BTC’s price had reached highs of $66,173 across major crypto exchanges. On Coinbase it hit $66,296. The gains came as the flagship cryptocurrency bounced from the uncertainties witnessed the previous week, with Bitcoin bulls seeing a 4% flip in weekly price performance. Bitcoin traded…