Flare Network has surpassed 1 billion $FLR tokens burned, enhancing ecosystem health with a 2.1B FLR burn plan, reducing dilution and boosting incentives. The Flare Network team burned 66 million FLR tokens today, essentially bringing the total amount of burned FLR above 1 billion. This event is part of an ongoing strategy to enhance the…
Even though Ripple has not yet launched its highly anticipated stablecoin, the U.S. SEC has already categorized the upcoming USD-backed token as an “unregistered crypto asset.” The SEC made the classification in its reply to Ripple’s opposition to its opening remedies brief. Prominent XRP community figure WrathofKahneman (WOK) shared the development on X today. Wow,…
While Cardano (ADA) currently underwhelms crypto enthusiasts, multiple analysts have re-emphasized its potential to soar by 2,100% to $10. In recent times, Cardano has been at the mercy of the bears, crashing to price levels last seen in December 2023. Currently, Cardano trades at $0.4421, with a 4.1% gain in the last seven days. However,…
Stuart Alderoty, Ripple’s Chief Legal Officer (CLO), has expressed optimism about the company drawing closer to the end of the SEC’s lawsuit. He made the comment shortly after the SEC publicly submitted its redacted remedies-related reply and supporting briefs to Ripple’s opposition. According to Alderoty, the SEC’s remedies reply brings Ripple closer to putting the…
WadzPay Token (WTK) currently boasts a $44 million market cap amid a 118% weekly price spike, but some commentators believe this market cap should be above $500 million. The cryptocurrency community has expressed excitement over the current market capitalization of WadzPay Token (WTK), which currently stands at $44 million. This increase in market cap comes…
Wall Street analyst Linda Jones has emphasized that the present low valuation of XRP might be its final sighting at such levels, asserting that once it gains the expected bullish traction, there will be no turning back. Jones voiced this sentiment in a series of posts on X yesterday, discussing why XRP remains a cheap…
The wait for the final verdict in the ongoing SEC v. Ripple lawsuit begins as the United States Securities and Exchange Commission submits its redacted remedies reply and supporting exhibits. The regulatory agency submitted the redacted documents following deliberations with Ripple’s counsel yesterday to identify necessary redactions. According to the filing, the SEC countered Ripple’s…
The Block Bull, a U.K.-based crypto analyst, sees XRP pushing toward $246 if it can sustain a historical pattern that occurred after the last two Bitcoin halving events. The analyst called attention to this pattern in a recent analysis on X, citing data from a weekly chart. Per the accompanying chart, XRP traded within a…
Shiba Inu continues to command a notable presence in the crypto scene amid the onslaught of negative energies from those who believe it is a scam project. Over the past year, Shiba Inu endured significant FUD calls, most notably during the delayed unveiling of the ecosystem layer-2 blockchain Shibarium. Also, the routine silence of the…
Cardano’s price has gained 15% in the first 3 days of May 2024 but has since struggled to break above the $0.45 psychological resistance level. Crucial market data provide insights into the dominant social sentiment among ADA traders. ADA Price Rally Stalls at $0.45, Performing Below Market Average At the start of May 2024, the…