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Author: John Smith
World Network has upgraded its blockchain with native USDC support and Circle’s cross-chain transfer protocol. The update, announced by World Network on June 11, brings an end to bridged USD Coin (USDC) on World Chain, replacing it with fully-backed, native tokens issued directly by Circle. Native USDC will give its 27 million users a faster, more reliable way to move money. Until now, users held bridged versions of USDC, which are wrapped assets representing USDC from another chain. Native USDC, in contrast, is directly minted and redeemed by Circle, backed 1:1 by U.S. dollar reserves. This upgrade improves transparency, trust,…
XRP is trading in a tight range as attention turns to a key upcoming court deadline in the long-running SEC vs. oRipple case. XRP (XRP) is trading at $2.26 at press time, down 1.2% daily and hovering near the midpoint of its weekly range between $2.09 and $2.33. Despite muted price action, the asset is still above a key support and showing signs of compression, often a sign of impending volatility. A slight decrease in market participation is indicated by the spot trading volume, which is down 4.1% from the previous day. However, data from Coinglass shows derivatives volume rose…
Solana (SOL) is currently trading around $166.89, reflecting a 5.99% rally in the past 24 hours. This surge follows a solid recovery from the $147 support level. In this article, we will look at Solana next target by looking at technicals and latest news. For on-demand analysis of any cryptocurrency, join our Telegram channel. Solana Next Target Current Price: $166.89 24h Price Change: +5.99% 24h High/Low: $168.33 / $156.89 Recent Range: $156 – $167 Market Cap: ~$87.5 billion 24h Trading Volume: ~$5.9 billion Circulating Supply: ~525 million SOL Price is in an Uptrend, confirmed by a break above 200-day Moving Average ($645). Price could…
The U.S. Senate voted 68-30 on Wednesday to invoke cloture on the GENIUS Act, a major stablecoin bill, paving the way for a final floor vote scheduled for next Monday. If passed, the bill could set the first national regulatory framework for stablecoins in the United States. The GENIUS Act—short for the Guiding and Establishing National Innovation for US Stablecoins—requires stablecoin issuers to maintain 100% reserves, submit to annual audits if they hold over $50 billion in market cap, and adhere to rules for foreign issuers. It could serve as a benchmark for stablecoin regulation in the U.S. financial system.…
The Nigerian Securities and Exchange Commission has issued a renewed warning against Crypto Bridge Exchange. The exchange, also known as ST Technologies International Ltd, Smart Treasure, or Super Technology, has reportedly resumed operations across the country despite lacking regulatory approval. According to the Nigerian SEC, CBEX has been soliciting payments from users seeking to withdraw funds from the platform. Specifically, the exchange is demanding $200 from users with balances exceeding $1,000 and $100 from those with lower amounts before withdrawals can be processed. The Commission stated that such activities are unauthorized and violate Nigeria’s Investments and Securities Act 2025. In…
Solana has surged 17% from its recent support level, rallying off a strong confluence zone at $143. Now, price action faces a critical test at the $176 resistance. Whether Solana breaks through or rejects from here could define its next major move. After a sharp rebound from a high-confluence support zone, Solana (SOL) is now trading near a crucial resistance level that could determine its short-term direction. The rally off the $143 level, supported by the 0.618 Fibonacci retracement and weekly support, has brought price into a region packed with multiple overhead resistances, including the point of control, the daily…
Bitcoin is entering a period of volatility, as macro effects align for a short-term rally to $111,000, according to Bitfinex Head of Derivatives Jag Kooner. Macro factors, including a potential U.S.– China trade deal and cooler-than-expected inflation figures, are aligning to support another Bitcoin (BTC) ally. On Wednesday, June 11, Jag Kooner, Head of Derivatives at Bitfinex, shared his insights on Bitcoin with crypto.news. Kooner believes that a possible agreement between the U.S. and China could help reduce uncertainty and boost market sentiment. However, he noted that the optimism may already be priced in, meaning the immediate impact on markets…
Bitcoin rallied past the $110,500 level on Monday. The largest crypto is down nearly 2% as bullish momentum slowly fades. Interestingly, US crypto-linked stocks rose alongside Bitcoin and are currently consolidating alongside the largest crypto. Crypto stocks posted double-digit gains in the past month even as Bitcoin (BTC) yielded a modest increase of under 4%. In this deep dive we compare the performance of crypto stocks, Bitcoin and altcoins and examine the profitability of the sector in a traders’ portfolio. US crypto stocks vs. Bitcoin performance Crypto-linked stocks in the US kicked off the week with a rally alongside Bitcoin.…
AAVE token continued its strong rally, reaching its highest point since Feb. 1 and rising 180% from its lowest level on April 7. AAVE (AAVE) soared to $312 as network growth accelerated. Data shows that the total value locked on the network jumped to a high of $27.5 billion, up from the April low of $16 billion. The total borrowed amount rose to $17.5 billion, up from $10 billion on April 13, a sign that the protocol is gaining traction. AAVE’s fees have also jumped in the past few months. It generated $40 million in May, up from $33 million…
Crypto trading bots are automated tools that execute trades on behalf of users based on predefined strategies and algorithms. The primary purpose of trading bots is to remove the emotional aspect of trading, improve efficiency, and optimize profits by executing trades 24/7.All of which is crucial in the non-stop cryptocurrency market. By automating trading, bots help users avoid common pitfalls like FOMO (Fear of Missing Out), trading based on emotions, and making irrational decisions. Bots can handle a wide range of tasks. This includes simple buy/sell orders to more complex strategies like arbitrage, scalping, and grid trading. Among the many…