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Ethena (ENA) has been locked in a steep descending channel since late 2024, repeatedly thwarting bullish recovery efforts. Now, the token is testing the upper boundary of this bearish structure near $0.36—just above the 100-day Simple Moving Average (SMA), which stands at $0.3479 at the time of writing. This consolidation around a long-standing resistance level…
Hyperliquid’s native token, HYPE, is on fire. Trading just shy of its all-time high of $39.96, the token surged to $39.41 on Tuesday, stoking optimism across the crypto market. With a 16% weekend rally and strong technical and on-chain indicators, HYPE’s bullish momentum looks poised to continue. 𝗛𝘆𝗽𝗲𝗿𝗹𝗶𝗾𝘂𝗶𝗱 𝗠𝗮𝗿𝗸𝗲𝘁 📊 $HYPE — $40.92 (+11.7%) |…
As Bitcoin remains steady above the $109,000 mark, Binance Coin (BNB) has recorded its fifth consecutive day of gains, sparking renewed optimism among traders. With a more than 6% rise in the past week, BNB’s short-term rally could be setting the stage for a push toward the key psychological level of $700. Binance Coin Price…
Strategy, spearheaded by Executive Chairman Michael Saylor, launched its Bitcoin-backed preferred stock, STRD, on the Nasdaq exchange today. This marks the third offering in Strategy’s expanding suite of Bitcoin-secured investment products aimed at delivering fixed-income opportunities to security-conscious investors. Saylor took to Twitter to announce the rollout, underscoring Strategy’s mission to provide conventional financial instruments…
Ethereum (ETH) has officially pulled ahead in the crypto race, outperforming Bitcoin (BTC) in Q2 with a striking 40.13% gain, compared to Bitcoin’s 32.86%. This performance has captured the attention of investors across the board, signaling a possible shift in market momentum and reigniting interest in the broader altcoin sector. $ETH is outperforming $BTC with…
Polygon co-founder Sandeep Nailwal has assumed the role of CEO at the Polygon Foundation, marking a pivotal shift in leadership as the Ethereum scaling protocol embarks on an aggressive path of growth and technical consolidation. Announced via a detailed post on X, Nailwal now oversees strategic direction across the Polygon ecosystem, including its core development…
While the broader crypto market faces consolidation, Uniswap’s native token UNI has defied the trend, extending its rally with a remarkable 40% surge on June 10. The altcoin reached a four-month high of $8.66 before experiencing a slight pullback. At the time of writing, UNI trades at $8.38—still up 17% in the past 24 hours—as…
As the cryptocurrency market awaits decisive regulatory clarity on several ETF applications, two prominent digital asset funds—Polkadot (DOT) and Hedera (HBAR)—are now under the spotlight. The U.S. Securities and Exchange Commission (SEC) has delayed its rulings on both ETF proposals, seeking further public input and pushing decisions beyond the second deadline. Grayscale’s proposed Polkadot ETF…
As the broader cryptocurrency market begins to recover from recent downturns, Shiba Inu (SHIB) is experiencing modest upward movement. On June 7, at 06:24 a.m. UTC, SHIB traded at $0.00001276—rebounding quickly after briefly falling below the $0.000012 mark amid broader volatility. This dip was partly driven by market uncertainty and external tensions, including high-profile feuds…
Ondo Finance has taken a major leap in its Real World Asset (RWA) strategy by launching its flagship product, Ondo Short-Term US Government Treasuries (OUSG), on the XRP Ledger (XRPL). Announced by Ripple Labs on June 11, the development enables institutional investors to mint and redeem OUSG tokens seamlessly through the enterprise-grade RLUSD stablecoin. The…