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The price of Dogecoin (DOGE) soared more than 28% in a month after Elon Musk tweeted that DOGE would be corrected. The entrepreneur mentioned the so-called Ministry of Government Efficiency, but investors likely interpreted the tweet as boosting Dogecoin given the coin’s history with billionaires. As a result, ApeCoin (APE) recorded over 60% weekly gains as Cutushi stole market attention from DOGE and APE. This unique pre-sale star has gained attention for its hybrid MemeFi protocol and recent listing on CoinMarketCap. Cutushi’s pre-sale record increases interest from Cryptowhales Cutushi’s presale proceeds have already exceeded $540,000, indicating the pace at which…
Lawrence Jenger October 25, 2024 09:14 GalaChain is leading the evolution of Web3, moving blockchain from a niche market to a global innovation, poised for mass adoption across industries. According to Gala News, the evolution of Web3 has accelerated, turning it from a niche concept to a key trend shaping the digital future. Although initially limited to tech-savvy circles, Web3 is now the basis for the next generation of the Internet, with huge innovations similar to those seen in the Web2 era, such as social media and e-commerce. We promise. Once considered experimental, blockchain…
US market ratings reflect confidence in positive outcomes for the economy: Julius Baer CIOYves Bonzon, chief investment officer at Julius Baer, said the current valuation of the U.S. market reflects high confidence in the “pretty good” outcome of the economy in the coming quarters.German business confidence improves slightly, IFO announcesBusiness confidence in Germany improved slightly in October after four consecutive years of decline, according to a survey by the country’s Ifo Institute.Ifo said, “Companies have become more satisfied with the current situation.Expectations have brightened, but skepticism has also been noticeable.The German economy has halted its decline for the time being.”However,…
Donald J. Trump posted colorful images on social media this week suggesting he was on his way to victory in the presidential election.This chart shows Trump has a 64 percent chance of defeating Vice President Kamala Harris next month, which is much brighter for Trump than polls showing the election remains close. It’s an outlook. Trump’s post received more than 10,000 likes and fans responded with raised fist and American flag emojis.The election odds cited by Trump came from a cryptocurrency-based gambling website called Polymarket. Gamblers at Polymarket used digital currency to bet more than $100 million on the outcome…
11:05am ▪ 3 minutes read ▪ Written by Fenelon L. Bitcoin exchange-traded funds (ETFs) are 97% of the way towards 1 million BTC holdings and approaching a major milestone, with BlackRock leading the race with nearly 400,000 BTC. This massive accumulation by institutions marks a decisive turning point in the adoption of cryptocurrencies. Accumulation of records driven by Wall Street giants On Wall Street, a new spot Bitcoin ETF is dominating financial news for early 2024. BlackRock, the world’s largest asset manager, tops the list with 396,883 BTC under management, followed by Grayscale and Fidelity. This explosive accumulation since January…
Kaspa achieved 15.79 million transactions on October 22, surpassing some older PoW networks in transaction volume. Kaspa’s number of transactions per day is only 3.4 times smaller than Solana’s all-time record for non-vote transactions. Processing a total of 15.79 million transactions on Tuesday, October 22nd, the Kaspa network reached an amazing record. Kaspa Global Ambassador Luke claims that this huge amount of transactions is an amazing feat, especially since it was achieved using censorship-free Proof-of-Work (PoW) technology. In his tweet, Luke pointed out that Kaspa’s performance is unique among the many top cryptocurrencies using PoW. These all rank better on…
In a volatile cryptocurrency landscape, change can happen quickly. While Litecoin (LTC) and Tron (TRX) have experienced notable underperformance, ETFSwap (ETFS) has risen to the occasion and is gaining investor attention. ETFSwap (ETFS) has already generated excitement with its innovative trading approach and pre-sale, and will have a major impact on the upcoming crypto bull market. ETFSwap (ETFS): The future of crypto trading There’s a good reason why ETFSwap (ETFS) is making waves in the cryptocurrency industry. Currently in Stage 3 of presale, the excitement surrounding the platform is palpable. ETFSwap (ETFS) provides permissionless access to major institutional ETF assets,…
Cover image (via www.freepik.com) Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. Financial and market information provided on U.Today is for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Please contact a financial professional and conduct your own research before making any investment decisions. Although we believe all content is accurate as of the date of publication, certain offers mentioned may not be currently available. The asset may be at significant risk of a bear market as XRP approaches a possible death cross,…
Traders work on the floor of the New York Stock Exchange on October 22, 2024.Spencer Pratt | Getty ImagesS&P 500 futures were dull Friday morning after the composite index ended its three-day negative streak.Futures tracking the broader index, like Nasdaq 100 futures, rose less than 0.1%. Dow Jones Industrial Average futures rose just 4 points.L3Harris shares rose more than 4% in after-hours trading after the defense company reported third-quarter earnings that beat Wall Street expectations. Dexcom fell more than 3% despite both stocks beating expectations.The move follows days of turmoil on Wall Street. The Nasdaq Composite Index joined the S&P…
Ethereum (ETH) has experienced some consolidation, with its market indicators showing less turmoil and more balanced investor sentiment. Ethereum (ETH) has experienced some consolidation, with its market indicators showing less turmoil and more balanced investor sentiment. According to Glassnode, the net unrealized profit and loss (NUPL) reading is 0.34, which is neither disproportionately bullish nor bearish. Adding to this neutral view, whale activity is also low. Since September 25th, the number of addresses holding 1,000 ETH or more has decreased from 5,628 to 5,547, making large investors cautious. Typically, a decline in whale numbers tends to indicate a lack of…