Trading Signals News & Guides

Enjin Blockchain now supports testnet for stablecoins USDC and USDT via its NFT and gaming platform, Hyperbridge. This step unlocks cross-chain utility with the help of Enjin’s MultiToken Pallet – part of Enjin’s Substrate-based blockchain architecture. This move allows for the creation, transfer, and management of various tokens, including stablecoins. Following this, users can get their original token back by burning their multitokens on Enjin. The platform also migrated 200 million NFTs to its mainnet to encourage its network’s usage.

Bitcoin reached a new all-time high of $111,970 on May 22nd before coming down slightly to $110,700. Despite the slight drop, market overheating is at a low, indicating a possible further rise for Bitcoin. Analyses of Bitcoin’s relative strength index also show overbought conditions, resulting in extreme greed conditions among investors.

FLOKI coin shows bullish trends with a 10.75% surge in recent trading sessions. The crypto asset, following a successful reclaim of key support zone, is now eyeing a significant resistance level. Breakout from this level could trigger a 22% rally. The cryptocurrency market scoreboard also suggests further positive movement for the FLOKI coin, making it a potential investment opportunity.

Cetus, a decentralized exchange on the Sui blockchain, is suspect of a significant exploit that potentially drained $200 million in digital assets. The issue was revealed through a marked drop in asset values and an unusual spike in transaction volume. Investigators are now examining the incident, as questions are again raised about transparency of DeFi projects.

Former SafeMoon CEO, Braden Karony, has been convicted of all charges in a crypto fraud case. The charges include securities fraud, wire fraud, and money laundering. Karony misled investors about SafeMoon’s operations and used the funds to buy luxury goods. Following the news, SafeMoon’s token fell 7%. Karony, who gained over $9 million from the fraud, now faces a sentence of up to 45 years.

Bitcoin and gold rise amid Japan’s debt crisis, with Bitcoin bulls maintaining a target of $108,000. The current Bitcoin price uptrend may halt abruptly, despite an all-time high of $109,000. Instability in Japanese fixed income markets is causing global concern, which could influence the crypto and gold market. While the bearish outlook is present due to Bitcoin’s relative strength index, bullish price targets of $116,000- $128,000 are still in force for when all-time highs are surpassed.

Crypto news highlights Chainlink’s potential surge and SUI Coin’s rebound aim, while featuring memecoin XYZVerse’s promising prospects with a forecasted 25,000% gain by year’s end. Learn more about the emerging trends in the crypto market.

Crypto exchange Coinbase experiences a data breach impacting less than 1% of its monthly users, with hackers accessing sensitive user information. Despite no passwords, private keys, or account funds being exposed, personal data theft could enable social engineering scams and extortion attempts. Michael Arrington, founder of TechCrunch and Arrington Capital, criticized Coinbase’s customer service. Experts have warned leaked data can expose high-net-worth individuals to dangerous risks in real-world. The breach has highlighted the urgent need for crypto platforms to rethink their security strategies amid rising cybercrime threats.

Strategy, previously known as MicroStrategy, has bolstered its cryptocurrency holdings by acquiring an additional 7,390 BTC. The acquisition, funded through stock offerings, brings the company’s total Bitcoin holdings to 576,230 BTC. As part of the company’s 42/42 capital strategy, it aims to purchase $42 billion of Bitcoin by 2027. This further cements Strategy’s position as a significant player in the cryptocurrency domain.

Strategy, previously known as MicroStrategy, acquired $765 million worth of Bitcoin amid a class-action lawsuit. The company now holds over 576,000 BTC, valued at around $59.2 billion. This marks an unrealized gain of $19.2 billion, resulting in a massive return on investment. The lawsuit alleges misrepresentation of Bitcoin investment risks. Despite this, Strategy continues to influence other businesses to invest in cryptocurrencies.

Bitcoin traders prepare for a potential price pullback to $90,000. An alternative view suggests that Bitcoin is consolidating within a bull flag, indicating a continuation of the uptrend. Recent profit-taking does not exceed the statistical norm according to Glassnode data, indicating room for further price upside. Factors like global companies purchasing Bitcoin and strong spot volumes support this trend. However, a test of $100,000 to $90,000 as support could be the next move barring a significant catalyst.

Onyxcoin (XCN) experiences a significant price surge of over 15% within 24 hours, testing the upper resistance zone and potentially heading towards a new value of $0.035. As the staggeringly high trading volume surpasses 500%, all eyes are on XCN as it shows great potential for another major price breakout after the significant rally in April. Breaking down the technical analysis, discover new horizons for Onyxcoin’s upward trajectory.