China News Today TheBitTimes.com

Ripple’s token, XRP, reached $2.5 early Monday, surpassing BNB and Solana to claim the third spot among cryptocurrencies on CoinMarketCap. This price surge comes amid growing market optimism, fueled by governments and institutions’ increasing adoption of digital assets.  As a result, many cryptocurrency analysts are revising their Bitcoin price forecasts, with most now predicting a range between $225,000 and $250,000 per BTC by 2025. Some experts suggest that the anticipated return of Donald Trump to office as U.S. Meanwhile, the altcoin market’s current positive trend has prompted investors to search for affordable tokens, particularly the best cheap crypto to buy now under 1 dollar . 6 Best Cheap Crypto to Buy Now Under 1 Dollar XDC Network, priced at $0.0671, has seen a 12.11% increase in the past 24 hours, indicating growing interest in its ecosystem. Polygon, a prominent Ethereum scaling and infrastructure platform, has partnered strategically with the Wor...

The non-fungible token market has taken a short bull breather after several weeks of bull rally. In the past seven days, the NFT market has recorded $153 million, down 16% from the previous week. The NFT market began surging earlier this month, following the prospect of a supportive crypto market regulatory regime under the United States President-elect Donald Trump. NFT Sales Fall 16% In The Past 7 Days Data compiled by CryptoSlam.io, an on-chain crypto assets market aggregator and a multi-chain non-fungible token explorer backed by billionaire Mark Cuban, shows that the non-fungible token market has slightly tanked again this past week. In the past seven days, the global NFT market has raised trading sales volume of $153 million, down 16% drop from the previous week. Nonetheless, this is the second-highest NFT trading sales volume since the beginning of the year. Ethereum, the same blockchain network powering the famous Ether and renowned in the NFT market for hosting the maj...

The global non-fungible token market appears to have taken another short breather after rallying for the past two weeks. The non-fungible token market retested some surge late last month, breaking the then brutal market resistance that held the NFT trading sale volume below $70 million for the first time since 2021. The NFT market has plunged by 8.29% in the past seven days, but this market is still staged for higher levels in the coming weeks. NFT Sales Tank 8.29% In The Past 7 Days Data compiled by CryptoSlam.io, an on-chain crypto market data aggregation platform designed to offer seamless tracking for NFT collectibles across multiple blockchain networks and backed by the prominent crypto billionaire Mark Cuban, indicates that the global non-fungible token market has again plunged in sales volume this past week. In the past seven days, the global NFT market has amassed a trading sales volume of $78 million, representing an 8.29% decrease from the previous week. Relativel...

Coinbase has added Ethereum (ETH) layer-2 Polygon’s yet-to-be-launched native token to its listing roadmap. Making the announcement via social media platform X, the top US crypto exchange says it has placed Polygon’s POL on its listing roadmap, which the exchange created in 2022 for the purpose of transparency and to prevent front-running of token listings. POL is the upcoming rebrand of Polygon’s MATIC, which is slated for launch on September 4th, according to Polygon Labs. MATIC will ultimately be replaced by POL as the native gas and staking token for Polygon in the initial phase of the transition. In subsequent phases, the community will decide whether to expand the utility of POL. The token rebrand was first proposed last July as a means of supercharging the growth of the network. Weeks later, Polygon Labs founder Sandeep Nailwal explained that the proposal was a part of the blockchain’s transition to Polygon 2.0. Say the developers, “In ...

Polygon ( MATIC ), a popular Layer-2 scaling solution for Ethereum, has been underperforming massively in the cryptocurrency market, according to a recent tweet by prominent crypto analyst Michaël van de Poppe. The analyst described the MATIC chart as “absolutely disgraceful” and suggested that there might be better investment opportunities available in the market. Request 02 – $MATIC Absolutely disgraceful chart on $MATIC. Underperforming massively. Might be interested if it drops another 30% to see whether it rotates from there, but I would suggest there are better opportunities out there. pic.twitter.com/5fRmRj1aOC — Michaël van de Poppe (@CryptoMichNL) April 23, 2024 Van de Poppe stated that he might consider investing in MATIC if it drops another 30%, as this could potentially indicate a price rotation. However, the question remains: Can MATIC hit the $1 mark by the end of April? Also read: Cryptocurrency: Top 3 AI Coins to Watch For Double Di...

Libre, a groundbreaking web3 protocol by WebN Group and Laser Digital, harnesses Polygon technology for regulatory-compliant alternative investment management. WebN Group and Laser Digital have jointly introduced Libre, a web3 protocol powered by Polygon technology. Laser Digital, the crypto arm of Nomura, and WebN Group, a fintech and web3 incubation hub backed by Laser Digital and Brevan Howard co-founder Alan Howard, collaborate on this project. The institutions have arrived on Polygon CDK. For the first time, a financial institution-focused L2 is being built, settling to Ethereum. Introducing Libre, institutional web3 infrastructure for the distribution of alternative asset funds , launched by WebN and @LaserDigital_.… pic.twitter.com/Ybs3Ul8Fzv — Polygon (Labs) (@0xPolygonLabs) January 10, 2024 You might also like: CBOE announces the listing of several Bitcoin ETFs pending SEC approval Libre utilizes asset tokenization and smart contracts, focusing on regulato...

NuggetRush’s mining game has attracted many users who have pushed the token from $0.010 to $0.015. Crypto Analyst Ali Charts foresees Polygon rising as high as $0.96. Ripple whales are currently on the move as they sent 126.7 million XRP. Analysts have picked Polygon , Ripple, and NuggetRush (NUGX) as their top DeFi coins for gains in January.  Meanwhile, NuggetRush is a new project compared to Polygon and Ripple. Still, the DeFi community is showing interest in its presale. Let’s explore this project. NuggetRush (NUGX): a mining adventure game NuggetRush (NUGX) is a fun mining adventure game for players of all ability levels. Participants in this game face a difficult battle as they attempt to develop flourishing mining firms. NuggetRush introduces professional entrepreneurs and artisanal miners in the form of NFTs. These characters are key to building successful mining operations. Players in NuggetRush can earn rewards in a va...

Bitcoin remains stuck in a range, but certain altcoins are showing signs of breaking down in the near term. The bulls tried to shake Bitcoin from its slumber on Sept. 7, but the rally was short-lived. This suggests a lack of clarity between the bulls and the bears about Bitcoin’s (BTC) next directional move. Analyst CryptoCon said on X (formerly Twitter) that Bitcoin could remain in a “mid cycle lull” until the start of the next bull run in November 2024. Along similar lines, ARK Invest said in a report that cryptocurrencies could continue to face headwinds in the remainder of 2023 due to several macroeconomic issues, such as interest rates, gross domestic product estimates, unemployment and inflation. Daily cryptocurrency market performance. Source: Coin360 Sept.In comparison, the bulls will be closely following the decision of the United States Securities and Exchange Commission on the various Bitcoin spot exchange-traded fund (ETF) applications. In addition to that, the race for a ...

Polygon Labs’ chief legal and policy officer , Rebecca Rettig, recently shed light on the Securities and Exchange Commission’s (SEC) ongoing legal battles with Coinbase, a crypto exchange, and Ripple, a blockchain company. On a recent episode of The Block’s exclusive podcast, Rettig provided a detailed examination of the SEC’s actions, including the legal challenges that question the commission’s authority. Rettig’s perspective on SEC’s designations Rettig expressed her understanding of the SEC’s cases against both Coinbase and Ripple, articulating that the motions for judgment in these cases are an attempt to align with the law rather than pre-existing notions. The instances she examined reveal a need to bring the cases back to the fundamental principles of the law, emphasizing that the situations may not conform to previous examples. She also addressed the court’s viewpoint on the SEC’s previous actions towards Coinb...

Bitcoin and altcoins could see profit taking and risk-off positioning as the weekend approaches and investor concerns about Deutsche Bank arise. The European stock markets fell on March 24 on renewed fears that the banking crisis could rear its ugly head once again. The latest selling was triggered after Deutsche Bank’s credit default swaps, which offer protection to the buyer against specific risks, soared on March 23 without any known catalyst. That pulled down the shares of the German lender by 11%.  European Central Bank President Christine Lagarde attempted to calm the markets, saying that the euro area baking sector was strong due to the regulatory reforms introduced after the Global Financial Crisis. That could be one of the reasons for the solid recovery in the United States equities markets from the intraday lows. Daily cryptocurrency market performance. Source: Coin360 Although the banking crisis has been positive for Bitcoin’s (BTC) price, the trend may pause if the contagi...