StormX Proposes Merger with EARNM, Token Swap Vote Underway StormX (STMX), the blockchain-based rewards platform, has proposed a major merger with EARNM, another player in the rewards and loyalty space. The proposal includes a token swap option, allowing STMX holders to exchange 100% of their unlocked tokens for EARNM tokens. The merger proposal has sparked
Metaplanet's aggressive Bitcoin acquisition strategy highlights a growing trend of firms using cryptocurrency as a hedge against economic instability. The post Metaplanet doubles down on Bitcoin, acquires additional ¥1 billion worth of BTC appeared first on Crypto Briefing .
Powell: Fed Plans Two More Rate Cuts in 2024 if Economy Develops as Expected In a speech to the National Association for Business Economics, Federal Reserve Chairman Jerome Powell hinted at two additional interest rate cuts by the end of 2024, contingent on the continued development of the U.S. economy. Powell emphasized that the Federal
XRP price started a downside correction below the $0.650 level. The price is now trading near the $0.6120 support and might aim for a fresh increase. XRP price started a pullback from the $0.6650 resistance zone. The price is now trading below $0.6450 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $0.6350 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $0.6320 and $0.6350 resistance levels. XRP Price Eyes Fresh Increase XRP price extended its increase above the $0.620 resistance, beating Bitcoin and Ethereum. The price even cleared the $0.650 level before the bears appeared. A high was formed at $0.6642 and the price started a downside correction. There was a move below the $0.6450 and $0.6350 levels. The price tested the $0.6100 zone. A low was formed at $0.6091 and the price is now consolidating losses. There was a minor move above the $0.6200 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.6642 swing high to the $0.6091 low. The price is now trading above $0.6150 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.6320 level. There is also a connecting bearish trend line forming with resistance at $0.6350 on the hourly chart of the XRP/USD pair. It is close to the 50% Fib retracement level of the downward move from the $0.6642 swing high to the $0.6091 low. The first major resistance is near the $0.6420 level. The next key resistance could be $0.6500. A clear move above the $0.6500 resistance might send the price toward the $0.6640 resistance. Any more gains might send the price toward the $0.680 resistance or even $0.700 in the near term. More Losses? If XRP fails to clear the $0.6350 resistance zone, it could continue to move down. Initial support on the downside is near the $0.6150 level. The next major support is near the $0.6080 level. If there is a downside break and a close below the $0.6080 level, the price might continue to decline toward the $0.600 support in the near term. The next major support sits at $0.580. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $0.6150 and $0.6080. Major Resistance Levels – $0.6320 and $0.6350.
According to an official announcement reported by COINOTAG on October 1, Binance is set to introduce the EigenLayer (EIGEN) U-based perpetual contract at 14:00 (UTC+8) on October 1, 2024, offering
USA Spot Bitcoin ETFs Saw $61.51M Net Inflows on September 30 The U.S. spot Bitcoin ETFs market continues to show resilience, with combined net inflows of $61.51 million recorded on September 30, marking the eighth consecutive day of inflows, according to a report shared by Trader T on X. This string of net inflows indicates
Starlink and Apple’s satellite services restored communication in hard-hit areas post-Hurricane Helene while thousands remained without power.
Bitcoin shows strength, accumulation increases, DeFi demand rises, bullish momentum expected higher.
Geofencing is emerging as a significant strategy for ensuring compliance in the volatile regulatory landscape of the United States. Crypto founders are exploring geofencing to navigate the stringent requirements and
Variant Fund chief legal officer Jake Chervinsky says geofencing is an extreme measure to ensure compliance with US law.