CAT weekly gains surpass 37% as a bullish pattern forms on its daily chart

cat-weekly-gains-surpass-37-as-a-bullish-pattern-forms-on-its-daily-chart

Simon’s Cat (CAT) has been trending, and traders have spotted a bull flag pattern on its 1-day chart, signaling the potential for continued price gains. On October 21, the meme coin surged from $0.000024 to $0.000035, forming a flagpole with a large green candle. Following this rise, the token pulled back to $0.000034, creating the […]

Cardano holders are panicking, selling pressure could be triggered

cardano-holders-are-panicking-selling-pressure-could-be-triggered

Cardano (ADA) has been facing ongoing struggles since March, as the price approaches its one-year low. On-chain data suggests potential selling pressure as investors become increasingly wary. After reaching a 34-month high of $0.807 on March 12, Cardano (ADA) has seen a 15% drop over the past 30 days, bringing the price closer to its […]

Hong Kong considers tax break on crypto investments and using AI for finance

hong-kong-considers-tax-break-on-crypto-investments-and-using-ai-for-finance

Hong Kong regulators are considering expanding tax breaks to include digital assets like cryptocurrency and the use of artificial intelligence (AI) in the financial sector, according to a report from Bloomberg on October 28. Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury, announced that a proposed tax break extension would provide relief […]

Raydium is overbought but could still rally if this happens

raydium-is-overbought-but-could-still-rally-if-this-happens

Raydium (RAY) has experienced a significant rally over the past month, soaring 83%, with a notable 33% gain in just the last seven days. The token, which serves as the native asset for the Solana-based automated market maker (AMM), reached a 31-month high of $3.59 earlier today, a level not seen since April 2022. Despite […]

Metaplanet’s Bitcoin total holdings surpass 1k with latest $10.4m purchase

metaplanets-bitcoin-total-holdings-surpass-1k-with-latest-10-4m-purchase

Tokyo-listed Metaplanet, a Japan-based early-stage investment firm, has significantly increased its Bitcoin (BTC) holdings to over 1,000 BTC (approximately $67.8 million) as part of its ongoing Bitcoin acquisition strategy. On October 28, Metaplanet announced in an X post that it had acquired 156.7 BTC for about 1.6 billion yen (approximately $10.4 million), bringing its total […]

WUFFI and KLAUS pump nearly 50% as global crypto market cap drops over 1.4%

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Amidst the bearish crypto market conditions, Wuffi (WUF) has emerged as the top gainer, surging by 50% in the last 24 hours. The overall global crypto market cap has fallen by nearly 1.4% over the same period, bringing it to $2.38 trillion according to CoinGecko. Both Bitcoin (BTC) and Ethereum (ETH) have shown little movement, […]

HEGE, SOL, SAFE: Top cryptocurrencies to watch this week

The recent upward trend in the market faced a setback last week, with the global cryptocurrency market shedding $70 billion, dropping to $2.28 trillion. This correction came as Bitcoin (BTC) closed the week at the lower end of the $67,000 range, which contributed to the overall market downturn. However, certain altcoins showed strength and resilience. […]

Solana can’t be ‘global backbone’ of blockchain, Ethereum community member says

solana-cant-be-global-backbone-of-blockchain-ethereum-community-member-says

Ryan Berckmans, a member of the Ethereum community, argues that Solana cannot serve as the backbone of a “new global financial system.” He points out that Solana initially marketed itself as a monolithic blockchain capable of handling global transactions on a single chain. However, over time, Solana has shifted its approach, acknowledging the importance of […]

NFT sales drop to $89m, Solana overtakes Bitcoin for 2nd place

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Over the past week, the NFT market has experienced a 7% decline in sales volume, dropping to $89.1 million from the previous week’s $93 million. Despite this drop, the number of NFT buyers surged by over 42%, reaching a total of 702,850 buyers, up from 494,666 last week. Similarly, the number of NFT sellers also […]