SEC - Page 156

3478 result(s) found.

Singapore Expands Digital Token Regulations, Introducing Stricter Oversight and User Asset Protections

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The Monetary Authority of Singapore (MAS) has made a significant move to broaden the regulatory framework surrounding digital payment token (DPT) service providers under the country’s Payment Services Act (PS Act).

This initiative aims to incorporate a variety of activities within the regulatory perimeter, including the provision of custodial services for DPTs, the facilitation of token transfers and exchanges, and the enabling of cross-border money transfers.

The MAS emphasized that these regulations would apply even when the funds are not physically handled by the service provider or when the transactions do not directly involve money entering or leaving Singapore.

With these amendments, the MAS seeks to strengthen its oversight by introducing additional requirements for DPT service providers, particularly in areas crucial to maintaining a secure financial environment.

The authority stated, “The amendments will empower MAS to impose requirements relating to anti-money laundering and countering the financing of terrorism, user protection and financial stability on DPT service providers.”

This regulatory expansion will be phased in starting April 4, with transitional provisions set to support entities navigating the new landscape.

Affected firms are mandated to communicate with MAS within a 30-day window and must secure a license within six months from this date to maintain operational status during the review process.

READ MORE: Finerca Revolutionizing Trading Education for Today’s Market Dynamics

The MAS has also made it clear that entities failing to meet these stipulations will be compelled to discontinue their operations immediately upon the enactment of these changes.

Moreover, the MAS plans to introduce further amendments aimed at bolstering the safeguarding of customer assets among payment token service providers.

These additional rules will address the segregation of customer assets, their safekeeping in trust accounts, and the maintenance of detailed records to enhance the security of these assets.

Such protective measures are slated for implementation six months after April 4.

The tightening of regulatory controls has not deterred crypto companies from entering the Singapore market, with prominent players like Crypto.com, Coinbase, and Ripple successfully obtaining full payment institution licenses.

Specifically, Crypto.com secured its Major Payment Institution (MPI) license in June 2023, Ripple was granted formal approval on October 4, and Coinbase achieved full MPI licensure on October 2, 2023, underscoring Singapore’s appeal as a crypto-friendly financial hub.


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Canada Invests $1.76 Billion to Lead Global AI Revolution, Aiming for Economic Growth and Innovation

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Canada has taken a significant step to bolster its artificial intelligence (AI) sector by allocating $1.76 billion (2.4 billion Canadian dollars) from its federal budget.

This move aims to sustain the nation’s “competitive edge” in the rapidly evolving field of AI.

A suite of new initiatives has been announced, focusing on supporting AI-related startups, medium-sized enterprises, and research entities, all in an effort to “secure Canada’s AI advantage.”

Canadian Prime Minister Justin Trudeau highlighted the transformative potential of generative AI, emphasizing its capability to unlock considerable economic benefits for Canada, enhance productivity, and reduce the necessity for workers to engage in monotonous tasks.

“The rapid advance of generative AI today will unlock immense economic potential for Canada, significantly improving productivity and reducing the time workers have to spend on repetitive tasks,” Trudeau stated on April 7.

The funding package includes a $1.47 billion investment aimed at augmenting computing capabilities and other AI-related infrastructures via the new AI Compute Access Fund.

This initiative is designed to support the nation’s premier AI researchers and startups.

Furthermore, an additional $147 million will be allocated to AI startups within the agriculture, clean technology, healthcare, and manufacturing sectors.

Meanwhile, $73.5 million is set aside to aid small and medium-sized AI scale-up companies in enhancing productivity.

Trudeau also mentioned the positive impact AI has had in areas such as drug discovery, energy efficiency, and housing innovation, acknowledging the technology’s role in driving innovation, productivity, and economic growth.

READ MORE: Memecoin Mania: Sector Skyrockets with Unprecedented 1,312% Gains, Outperforming Traditional Crypto Narratives

Moreover, a portion of the fund is dedicated to addressing the workforce adjustments necessitated by the AI surge, with up to $36.8 million directed under Canada’s Sectoral Workforce Solutions Program for the re-training and re-skilling of workers across diverse sectors.

The film and animation industries are identified as particularly vulnerable to the disruptions caused by generative AI, a concern highlighted by a report from CVL Economics.

To further ensure the safe development and deployment of AI technologies, $36.8 million will be utilized to establish a Canadian AI Safety Institute.

Highlighting its pioneering role in AI governance, Canada introduced the Pan-Canadian Artificial Intelligence Strategy in 2017, marking its ambition to lead in AI adoption through focused research and commercialization efforts.

The country’s AI market is valued at approximately $7.4 billion, contrasting with the United States’ $106 billion market.

Efforts to enhance Canada’s AI landscape include engaging AI firms from the European Union and supporting leading startups like Tenstorrent, which recently partnered with Samsung to advance AI chiplet technology, following a significant funding round.


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Flare Announces Launch of Raindex App Utilizing Flare Time Series Oracle (FTSO)

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Flare, a groundbreaking blockchain designed for data, proudly introduces the Raindex desktop application, marking a significant evolution in decentralized exchange (DEX) technology. This innovative platform merges the best features of centralized exchanges (CEXs) with the benefits of decentralized finance (DeFi), offering users a unique, trustless trading experience without the need for intermediaries.

The Raindex app is designed to facilitate advanced trading operations such as setting bid and offer prices, activating stop loss and take profit mechanisms, and even emulating other traders’ strategies entirely on-chain.

At the heart of Raindex’s functionality is the Flare Time Series Oracle (FTSO), a decentralized price oracle that ensures accurate and secure asset price triggers. This technology enables the app to deliver real-time asset prices every 1-2 seconds through its “Fast Updates” feature, supported by Flare’s novel architecture. Raindex utilizes an intents-like architecture, allowing users to define desired trade outcomes without specifying the means of achieving them.

This approach not only simplifies trading but also enhances strategy deployment efficiency.

Raindex’s core is powered by Rainlang, an intuitive smart contract language that empowers users to craft, deploy, and manage custom token trading strategies with ease. Emphasizing accessibility, Rainlang is designed to be as simple as Excel formulas, broadening its appeal to a wider audience. This language supports a variety of trading strategies, including dollar-cost averaging, stop losses, and trend tracking, among others.

Josh Hardy, Co-founder of Rain, emphasizes the importance of secure, reliable data in trading strategy development, expressing enthusiasm for integrating Rainlang and Raindex into the Flare ecosystem. Similarly, Hugo Philion, Co-founder and CEO of Flare Labs, highlights the recent enhancements to the FTSO, which now supports the delivery of up to 1,000 asset prices on-chain every second, thereby enabling the extensive functionalities of a CEX within the secure framework of a DEX.

To celebrate its launch and encourage community engagement, Raindex is hosting a trading contest throughout May 2024. Participants have the chance to win from a prize pool of $12,000 by showcasing their most profitable trading strategies using Rainlang.

Leveraging EOS, exSat Aims To Enhance Interoperability Between Bitcoin’s Layer-2s

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Bitcoin has made a lot of progress in the last couple of years, with the emergence of Layer-2 projects such as Stacks, Rootstock and Merlin Network enhancing its capabilities to support basic smart contract functionality. 

Those projects are striving to create a new generation of Bitcoin-native DeFi applications, play-to-earn games and NFTs, but they face a number of challenges in pursuing this dream. Many of these new Bitcoin L2s are unable to interoperate with each other, leading to problems around ecosystem fragmentation. 

It’s with these challenges in mind that a new project, which leverages the unique capabilities of the EOS blockchain, has emerged, to streamline the flow of data between Bitcoin and its nascent ecosystem of L2s. 

A hybrid consensus mechanism to link Bitcoin’s L2s

That new project presents itself as exSat, and it is building what it describes as a “Docking Layer” for Bitcoin’s ecosystem. It utilizes a revolutionary hybrid consensus mechanism that encompasses the traditional Proof-of-Work, the Proof-of-Stake algorithm used by Ethereum and other chains and the Delegated Proof-of-Stake mechanism pioneered by projects such as Polkadot. 

exSat’s plan is to facilitate direct interaction between Bitcoin and its L2s without compromising the inherent security of Bitcoin’s original blockchain. 

The exSat architecture relies on a system of both Synchronizers and Validators. The Synchronizers’ role is to supply a bridge between Bitcoin’s blockchain network and exSat (and hence, all of Bitcoin’s L2s), ensuring that data and transactions can be processed quickly and accurately. According to exSat, existing Bitcoin miners will take on this role, with their work secured by Bitcoin’s standard PoW consensus mechanism. For participating, they’ll be rewarded with exSat’s native XSAT tokens for processing each block. 

As for the Validators, their job is to verify the data that’s processed by the Synchronizers. This is where the PoS consensus mechanism comes in, as anyone will be able to become a Validator simply by staking both BTC and XSAT tokens. There’s quite a hefty barrier to entry though, as exSat requires a minimum 100 BTC stake to participate, plus another XSAT stake to become eligible for the XSAT rewards. 

On-Chain Data Storage and EVM Compatibility

There are few other components to this system, with the most notable one being its Data Consensus Extension Protocol, which makes it possible for exSat to make use of EOS’s blockchain, supporting on-chain data storage with high-speed access for BTC assets such as BTC tokens, Runes, BRC20, BRC217 and Ordinals. 

Another element of exSat’s architecture is its decentralized state data indexing platform for Bitcoin-native assets, which is a fundamental ingredient for smart contracts, EVM compatibility and trustless interactions. Finally, exSat has created its very own smart contract platform that leverages its EVM interoperability to enable universal gas fees for Bitcoin assets. 

Combined, the various features of exSat’s architecture make it possible for Bitcoin and any L2 network to interoperate seamlessly with one another. At the same time, it supports enhanced smart contract functionality required for the next-generation of Bitcoin-native dApps. 

Accelerating Bitcoin’s Transition

What exSat is building sounds ambitious, yet it also appears to be very well thought out, catering to a real need that will only become more acute as Bitcoin’s L2 ecosystem grows. 

Those L2 networks have already propelled Bitcoin on an evolutionary path that will transform its utility and, perhaps, ultimately help it compete with and maybe even surpass Ethereum as the world’s number one smart contract chain. exSat can play a pivotal role in accelerating that translition.

New Wave of ‘Culture Coins’ Set to Revolutionize Memecoin Market

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Mechanism Capital co-founder Andrew Kang has highlighted the potential profitability of a new breed of memecoins, termed “culture coins,” which delve into deeper cultural values like politics, religion, and lifestyle, beyond the typical animal-themed and humor-based meme tokens.

In a post on X dated April 7, Kang pointed out that these culture-centric memecoins could outperform traditional memecoins such as Dogecoin or Shiba Inu by leveraging the strong values and identities of their communities.

“Communities with strong values and identities naturally try to convert others to their beliefs and publicly display what it is they love about their lifestyle.

“They are inherently viral,” Kang explained.

Highlighting the virality and ideological breadth of these coins, Kang noted, “The ideologies of these communities can be purely about politics, religion, consumer goods, sport, way of life or can be a mixture of all.”

He cited the rapid growth of two Solana-based memecoins, Jeo Boden (BODEN) and Doland Tremp (TREMP), as evidence of the appeal of culture coins, especially among communities with specific political inclinations.

BODEN, in particular, has seen its value skyrocket by over 700,000% since its launch on March 9, achieving a market cap of $473 million.

TREMP, while not as explosive as BODEN, has also seen considerable gains, boasting a $73 million market cap.

READ MORE: Binance’s Trading Volume Soars to Record High, Cementing Market Dominance Amidst Crypto Market Rally

Beyond politics, Kang sees potential in memecoins associated with consumer brands, such as ZYN and MOUTAI, which Mechanism Capital has invested in.

He argues these brand-affiliated coins could leverage the lifestyles associated with the brands for added virality, contrasting them with animal-themed coins for their added advantage.

Kang equates investing in memecoins with investing in traditional assets, noting that the most substantial returns often come from assets that garner widespread belief.

Yet, the crypto industry remains divided on memecoins’ impact.

BitMEX co-founder Arthur Hayes views them as a “net positive” for blockchain networks, while critics argue they represent a speculative hazard that undermines blockchain’s foundational principles.

Despite these diverging opinions, memecoins have proven to be a lucrative sector within the cryptocurrency market, with the top ten memecoins averaging gains of 1,312.6% in the first quarter of 2024.

This performance was notably higher than other crypto narratives, making memecoins the most profitable sector in the crypto industry for that period, as reported by CoinGecko analyst Lim Yu Qian.


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Veteran IRS Criminal Investigations Chief Joins Crypto Firm Chainalysis to Combat Digital Asset Crime

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Jim Lee, a seasoned veteran with 29 years of experience in the U.S. government, including a significant three-year tenure as the head of the Internal Revenue Service’s (IRS) Criminal Investigations team, has transitioned to a new role at Chainalysis, a leading cryptocurrency analytics firm.

Announced on April 8, Lee’s career move aligns him as the global head of capacity building at Chainalysis, marking an end to his extensive service with the IRS.

In his new role, Lee is set on aiding international agencies in crafting strategies to combat crimes involving cryptocurrency.

Reflecting on his time at the IRS, where his duties sometimes intertwined with Chainalysis to confiscate crypto assets tied to illegal activities, Lee shared insights on the dual-edged nature of digital currencies.

He acknowledged the inherent risks digital assets carry, such as financing terrorism and facilitating ransomware attacks, while also recognizing their legitimate uses by the majority.

“Crypto has brought greater transparency and efficiency to finance, and we’re still in the early innings,” Lee remarked, emphasizing the technology’s potential to empower individuals with greater control over their finances and enhance global financial inclusion.

READ MORE: Swaap Labs Debuts Swaap Earn To Pioneer the Next Wave of DeFi Yield Enhancement

Lee’s departure from the IRS and his decision to join Chainalysis were motivated by the firm’s leading role in securing cryptocurrency from the private sector’s perspective.

Chainalysis has been pivotal in collaborating with U.S. authorities on various criminal cases related to crypto, especially those involving ransomware during the pandemic and the tracing of transactions for tax reporting purposes.

The announcement of Lee’s retirement from the IRS came alongside the news of Guy Ficco succeeding him as chief of criminal investigations starting April 1.

This transition occurs amid growing concerns among U.S. legislators, such as Senator Elizabeth Warren, regarding the trend of government officials moving into the cryptocurrency industry after their public service.

Warren highlighted the potential conflict of interest, suggesting that such moves might appear as if officials are positioning themselves for lucrative roles in the crypto sector while still in government positions.


To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

PayPal USD Stablecoin Circulation Drops 39% in March Amid Crypto Market Rally

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In March, PayPal USD (PYUSD), a stablecoin collaboration between PayPal and Paxos, witnessed a significant decline in circulation, dropping 39% from February to $188.5 million, as reported in Paxos’ latest transparency report.

This decrease marked a shift from the stablecoin’s previous performance, with circulation reaching highs of $304 million in February and $301 million in January.

The decline occurred despite the cryptocurrency market’s overall positive momentum, highlighted by Bitcoin’s surge to record highs above $73,000 on March 13.

Notably, PYUSD’s market capitalization also fell from an all-time high of $312 million on February 26, data from CoinGecko indicates, although it slightly recovered by around 3% over the last week to $194 million.

PayPal USD’s financial reserves as of March 29 included $14.9 million in United States Treasury bonds, contributing to a total net asset value of $192 million.

The collateral backing PYUSD in U.S. Treasury bond-collateralized reverse repurchase agreements was valued at $177.9 million, reflecting the stablecoin’s strong backing despite its decreased circulation.

READ MORE: Memecoin Mania: Sector Skyrockets with Unprecedented 1,312% Gains, Outperforming Traditional Crypto Narratives

Launched in August 2023 through a partnership between PayPal and Paxos Trust, PayPal USD was introduced as a stablecoin aimed at facilitating digital payments and advancing Web3 initiatives.

PYUSD maintains a 1:1 peg to the U.S. dollar, backed by a combination of U.S. dollar deposits, short-term Treasury securities, and other cash equivalents.

Eight months post-launch, PYUSD has climbed the ranks to become the 13th largest stablecoin by market capitalization, surpassing Paxos’ own Pax Dollar (USDP) and the Gemini Dollar (GUSD), as per CoinGecko’s rankings.

Despite its growth, PYUSD’s market value represents a mere 0.18% of Tether’s $106.6 billion market capitalization, underscoring the dominant position of Tether in the stablecoin market.

The total market capitalization of all stablecoins stood at $155 billion at the time of the report. As the crypto community watches, the fluctuation in PYUSD’s circulation and market value underscores the volatile nature of digital currencies, even amidst broader market rallies. Paxos has not yet responded to inquiries about the drop in PYUSD circulation.


To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Algotech (ALGT) Raises Over $500k in a Single Day During Ongoing Presale

San Fransico, California, April 9th, 2024, Chainwire

Algotech (ALGT) has emerged in the limelight again with the milestone of raising $500,000 in a single day during its ongoing presale. In less than four weeks of the current presale, Algotech has raised over $3.5 million.

Algotech’s Journey 

Algotech was launched as an initiative by successful traders and technology experts who wanted to democratize access to advanced trading tools for layman users. The team wanted to provide beginning traders with the same high-tech tools that are used by hedge funds and large-scale investment firms. Combining this with the effectiveness of blockchain technology, Algotech has set its sights on becoming the leading platform by bridging together AI and blockchain technology in the trading segment. 

Bringing Together AI and Finance 

Millions of new users are embracing blockchain technology for its groundbreaking potential. However they still have to rely on traditional exchanges that design the ecosystem to favor institutional investors. Algotech is rectifying this challenge by introducing the first artificial intelligence (AI) based exchange that will allow users to have advantages in trading. The platform makes it simple for users to invest in cryptocurrencies and receive automated investment guidance. 

Algotech’s Key Features 

What makes Algotech a standout leader in the segment is the core features that have been introduced for traders. Imagine a trading landscape where regular traders have access to the same tools and resources as hedge funds and large-scale institutional investors. These tools conventionally have massive fees and are only available to a limited number of institutes. This is precisely the challenge that Algotech is working on addressing. 

Here are the core features that are making Algotech is working on:

Breakout Detection

The breakout detection feature relies on advanced algorithms that factor in over 1000 unique data points to identify breakout opportunities. These algorithms have been trained on H100 GPUs to ensure that traders can get accurate investment calls for high-precision calls. 

Hedging 

Algotech allows traders to minimize investment risk by monitoring funding levels, liquidity, and spread. These factors generate warnings and allow users to implement advanced risk management including automated stop-losses. 

High-Volume Arbitrage

This feature allows users to take advantage of the difference in pricing between different platforms using Algotech’s technical APIs. With high positioning sizing, users can handle trades with ease. 

The Growing AI Blockchain Segment 

The growth of the AI sector has been exceptional. In the past few years, the sector has grown multifold, and today, it has a market cap of over $25 billion, according to CoinGecko. In the coming few years, this number is expected to explode further as millions of new users are now looking for AI-based features in their day-to-day applications. One of the biggest sectors under the spotlight is the trading sector. The global cryptocurrency exchange segment is currently valued at over $45 Billion and is expected to reach $110 Billion in 2028. Additionally, beyond just cryptos alone, AI blockchain technology is also expected to serve as the backbone of the global trading ecosystem. This is where Algotech expects to bridge the gap by introducing AI-based trading features. These features will allow beginner traders to have an even playing ground against leading institutional investors and seamlessly invest using AI as their guide. 

About Algotech

As Algotech continues its journey to transform Decentralized Finance (DeFi) with its innovative products, it is exciting to see the community support for this mission. The platform is democratizing access to trading tools for individuals across the world by providing AI features. Additionally, Algotech is making investing inclusive for the broader community by making it simple for users to become an early part of the community by providing governance rights and profit shares. As the project moves through its phases, we can only look toward the achievements that are on the horizon for Algotech, a true AI-blockchain project. 

Visit the links below for more information about Algotech (ALGT): 

Website: https://algotechtrade.com/ 

Whitepaper: https://algotechtrade.com/Algotech_Whitepaper.pdf 

Linktree: https://linktr.ee/algotech.trade 

Algotech is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Investing in cryptocurrencies is volatile and risky.

Contact

Algotech
Algotech Solutions
algotechsolutionsio@gmail.com

Whale Wallet Swallows 692 Billion SHIB Tokens from Crypto.com Amidst Market Speculation

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In a recent turn of events, a whale wallet acquired a staggering 692.4 billion Shiba Inu tokens from the cryptocurrency exchange Crypto.com, despite the ongoing price fluctuations in the market.

This notable transaction, identified by Whale Alert and occurring at 3:18 AM (UTC), represents the most significant Shiba Inu whale activity observed this month, as verified by Etherscan.

The tokens, sent from Crypto.com, were deposited into an enigmatic whale wallet, sparking speculation and excitement among investors.

The move involved more than $19.26 million worth of Shiba Inu tokens, igniting discussions among market observers, especially those optimistic about a potential price rally.

Withdrawals of this nature are often associated with investors transferring assets to cold storage for long-term holding, reflecting a bullish sentiment amidst anticipations of a Shiba Inu market rebound.

Yet, further analysis suggests that this significant transaction could be an internal transfer within Crypto.com.

The destination wallet, though not publicly identified, operates under a Multi-signature (Multisig) framework or as a contract wallet serviced by Bitgo, which caters to both individual and institutional investors’ storage needs.

Given the smart contract capabilities allowing multiple receiving addresses and the wallet’s history of receiving 208 transfers predominantly from Crypto.com in just three days, the likelihood that this wallet belongs to a retail investor is slim.

Instead, it points to institutional use, possibly even directly linked to Crypto.com.

READ MORE: Genesis Sells 36 Million GBTC Shares to Buy Bitcoin, Aiming to Settle Debts Amid Bankruptcy

Arkham Intelligence data reveals that this wallet’s holdings total $51.1 million across various cryptocurrencies, with SHIB being the predominant asset at $19.5 million.

The presence of Crypto.com’s native token, Cronus (CRO), as the second-largest holding, further strengthens the connection to the exchange.

This event is part of a larger trend of significant SHIB transactions, reflecting the broader market dynamics.

For instance, The Crypto Basic reported that over 1.24 trillion SHIB tokens were moved to exchanges on March 15, with another significant transfer to Wintermute on March 8.

Additionally, Robinhood was noted for acquiring 946 billion Shiba Inu tokens through several transactions on April 2, showcasing the ongoing exchange activities amidst a bearish market sentiment.

Despite these large-scale movements, Shiba Inu’s price has been struggling, currently hovering around the $0.00002830 mark.

However, the coin witnessed an 18% increase in trading volume within the last 24 hours, amounting to $578 million, hinting at a potential shift in market dynamics.


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Meme Coins Surge as Market Cap Eyes $100 Billion: Dogecoin, Shiba Inu, and PEPE Lead the Bullish Charge

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As Bitcoin (BTC) adopted a bullish trend, a wave of enthusiasm hit the meme coin sector, propelling prominent cryptocurrencies such as Dogecoin (DOGE), Shiba Inu (SHIB), and PEPE to significant gains.

The surge in interest and value of these meme coins in 2024 has sparked speculation that their combined market capitalization could approach the $100 billion mark within the year.

Market data highlighted the remarkable performance of these digital assets. CoinMarketCap reported that DOGE, the leading meme coin by market cap, experienced a notable 5.5% increase over the past 24 hours, trading at $0.207.

Shiba Inu also witnessed a boost in its market value, climbing by 2.6% and reaching a trading price of $0.00002906.

PEPE, however, outshined its peers with an impressive double-digit growth. Its price escalated by over 13% within the same period, positioning it at $0.000007902 and elevating its market cap to more than $3.32 billion.

IntoTheBlock’s recent tweet shed light on the year’s performance of these cryptocurrencies.

According to the tweet, “while DOGE has doubled in price in 2024, SHIB has increased 2.5x and PEPE nearly 5x.”

READ MORE: Binance’s Trading Volume Soars to Record High, Cementing Market Dominance Amidst Crypto Market Rally

This surge has brought the meme coin sector’s market cap to $65 million, with optimistic projections of reaching or even surpassing $100 million by year-end, should the upward trajectory persist.

AMBCrypto’s examination of on-chain data from Santiment revealed intriguing trends regarding the potential for further price increases.

For SHIB, indicators of rising buying pressure were observed, as demonstrated by a decrease in Supply on Exchanges and an increase in Supply Outside of Exchanges.

Despite PEPE’s significant price appreciation, it encountered high selling pressure, marked by an increased Supply on Exchanges and a decreased Supply Outside of Exchanges.

However, interest from large investors appeared to rebound, with the coin’s supply held by top addresses seeing growth after a brief decline.

DOGE’s prospects appeared particularly bright, evidenced by an improvement in its Market Value to Realized Value (MVRV) ratio to 5.11%, suggesting the potential for a continued upward movement.

Furthermore, a significant drop in its Network Value to Transactions (NVT) Ratio indicated the coin might be undervalued, hinting at further price advancements in the near future.


To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

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