AltSignals Blog

Bonk crypto experiences a significant price dip as profit taking impacts bullish momentum. The Solana memecoin, along with Bitcoin and Ethereum, sees minor losses as markets react to fresh US inflation data. Despite recent declines, Bonk may be poised for a bounce back, mirroring overall market trends and growth within the Solana ecosystem. The article provides detailed insights into Bonk’s market performance and its potential for future growth.

SOL Strategies partners with ASX-listed DigitalX for staking Solana holdings via BitGos institutional custody platform. This partnership aligns with DigitalX’s goal to expand Solana exposure and underlines SOL Strategies’ increasing appeal to institutional clients. The news follows SOL Strategies’ listing on Superstate’s platform, Opening Bell, marking a move towards integrating public markets with digital assets.

German authorities have seized a major crypto exchange, eXch, confiscating $38 million in tokens and vast volumes of data in one of the largest anti-crypto laundering operations. This action reveals the serious endeavors undertaken by law officials towards various alleged illicit activities within the crypto world, emphasizing the growing need for authentic user identification and robust anti-money laundering measures.

Ether is on track for its biggest weekly gain since May 2021. The rally is being fueled by Ethereum’s Pectra upgrade, major short squeeze, and a spike in mega-whale accumulation. Technical patterns indicate the potential for a 40% surge towards $3,400. Market developments, such as the announcement of a new trade deal between the US and UK, are also boosting sentiment in the crypto market.

Vector Smart Chain introduces a $4 flat rate gas fee model ensuring predictable costs and enhancing network security. Along with this, former CitiGroup executive, Peter Ritchie, has been appointed as Strategic Finance Executive Consultant. This major move comes as VSC focuses on strengthening its integrations with institutional and enterprise clients, while working towards achieving carbon-neutral status.

Ripple Labs and the US SEC have reached a settlement on a lengthy legal battle. The deal involves a $50 million penalty, a part of the initial $125 million fine. The agreement emerges amidst a reversal in the SEC’s stance on crypto investigations under the new leadership of Paul Atkins. The news boosted XRP value by 9% as Ripple maintains silence on the development.

Explore the unrealized potential of using CPUs for AI tasks: they are abundant, underused, and can handle a significant portion of AI workloads efficiently. As the demand for AI grows, decentralized networks could route AI tasks to CPUs, saving time and resources.

Ethereum posts robust growth, surges by 20% in 24 hours backed by an increase in trading activity in the derivatives market. A notable rise in open interest in Ethereum futures indicates fresh capital inflow. Despite a 26% fall this year, the potential for recovery exists. The rally also aligns with Ethereum being undervalued relative to Bitcoin since 2019. However, challenges such as supply pressure, weak demand, and flat activity could impact the rebound. Ethereum’s ongoing underperformance, stagnant network activity, and rising token supply are factors that demand caution.

Alex Mashinsky, founder of the now-defunct Celsius Network, has been sentenced to 12 years in prison for fraud charges related to a scheme that deceived investors and led to the company’s collapse. He was ordered to forfeit $48 million and several real estate properties. The company’s fall resulted in losses amounting to billions for its over 100,000 creditors. This case exemplifies the need for proper regulations and the application of existing anti-fraud rules in the growing digital assets market.