AltSignals Blog

“Sonic cryptocurrency experiences a dip in price as it falls 15% on June 13th, closer to losing a billion in market capitalization. Factors such as geopolitical tensions, negative funding rates, and reduced network activity contribute to the downward trend. The declining price further matched with unfavorable technical factors could maintain the pressure on Sonic’s market performance. Read on for an in-depth analysis on the cryptocurrency’s recent value shifts and future market predictions.”

Chinese tech giant Tencent is in talks for a potential acquisition of South Korean game developer Nexon. In the midst of a wider downturn in the blockchain gaming sector, Tencent aims to expand its footprint. Recently, it has also led a funding round for Chainbase, partnered with the Open Network, and joined China’s official metaverse working group.

Cross-chain infrastructure firm OneBalance secures $20 million in Series A funding, taking its total financing to $25 million. Led by Cyber Fund and Blockchain Capital, the round also received backing from Mirana Ventures and L2IV. OneBalance plans to use the funds to expand its workforce and enhance its cross-chain integration product, Toolkit. The product aims to streamline user experience by facilitating seamless cross-chain transactions. The company’s leadership includes Flashbots co-founder, Stephane Gosselin, who is serving as the CEO.

Trident Digital Tech sees stock fall 40% after announcing a $500 million financing initiative aimed at creating a corporate XRP Treasury. The Singapore-based firm plans on acquiring XRP tokens as reserves and using them for earning yields. The company also appoints Chaince Securities LLC as their strategic advisor.

Despite Ripple Labs securing a significant deal with Guggenheim Partners, XRP’s price experienced fluctuations. The launch of the Digital Commercial Paper (DCP) on the XRP Ledger has already processed over $280 million. Advancements like these, along with a future shift of its $10 billion in daily transactions to the XRP Ledger, could support XRP’s price. However, the XRP price shows a descending triangle pattern, indicating a potential bearish outlook. Further developments and analysis are discussed in the article.

Shiba Inu cryptocurrency observes a drastic drop in price with a 17.80% potential further downslide expected. Data indicates significant whale activity and a noticeable decrease in active accounts and transaction fees, as the coin struggles with underlying weak fundamentals. Features technical analysis of the ongoing crisis, along with intricate details of Shiba Inu’s drop and future predictions.

Amid bitcoin’s rise in mainstream finance, over 70 public companies have begun to invest in the cryptocurrency, igniting debates about the financial solidity of these companies. The act is seen by some as a strategic asset or a hedge against economic uncertainties, while critics perceive it as speculative and risky. This article discusses the companies’ motivations and the implications of their choice, as well as the potential risks and benefits associated with bitcoin as part of their treasuries.

Memecoin launchpad Believe reveals additional security measures such as auto and manual fee blocking for new tokens to safeguard users against rugpulls and scams. With the latest updates, Believe’s token contract addresses now end with BLV, making it easier for users to recognize tokens launched on the platform. The platform previously known as Clout also plans to showcase token health status and creator fee earnings.

Circle Internet Group’s shares have skyrocketed after its initial public offering, with shares rising to over $90. The company, which is the issuer of USDC stablecoin, sold 34 million shares at about $31 each, raising about $1.1 billion. Circle’s transition into a public company marks a key moment in the growth of the financial system online.