As the powers that be at Coinbase Assets have decreed, Wormhole shall be added to their suite of digital asset products. One can almost hear the trumpets blaring in celebration 🎺. For what is Wormhole, you ask? It is a project of interoperability, a bridge between the isolated islands of blockchain, allowing them to communicate with one another in a manner befitting the digital age.
And if you thought that was bad, the SOL price has been consistently closing below the 50-weekly Moving Average (MA) for the larger part since March. From a technical analysis standpoint, the SOL price has been forming a potential head and shoulders (H&S) pattern, coupled with a bearish divergence of the weekly Relative Strength Index (RSI). It’s like the market is trying to tell us something, but in a very roundabout way, much like a Discworld prophecy. 📜
But wait! There’s more. This wasn’t just a random price spike. Oh no, Cardano’s market cap shot above $21 billion. Yes, that’s right. All this magic happened after Fluid Tokens made a breakthrough by conducting the first on-chain transaction proving the Bitcoin state on Cardano. That’s a lot of technical mumbo jumbo, but essentially, it’s the beginning of a Cardano–Bitcoin bridge. Fancy, right? But don’t start booking your flight tickets to the moon just yet.
But wait, here comes Fidelity with its ever-hungry wallet, gobbling up over $183 million in one day, thanks to their Wise Origin Bitcoin Fund (FBTC). Who said only the big guys like BlackRock get to play in the crypto playground? Oh no, no. Fidelity has taken the spotlight with an audacious entrance that’s been all the rage, according to Arkham’s data. 📊
The Solana Post’s recent post reveals that PENGU is now trending on CoinMarketCap, rubbing shoulders with the likes of Bitcoin and Ethereum. The meme coin crowd is turning its attention to this little penguin, pushing it into the spotlight. At just over a cent, it’s low-cap but clearly on the radar. 📈👀
Bitcoin’s bearish divergences on multiple time frames hint at a weak bullish momentum and a potential pullback. 📉
Source – CMC (Curiosity Mainly Compensated)
As KBC awaits the CASP designation, it shall don the cloak of compliance, and adhere to the EU’s Markets in Crypto-Assets (MiCA) framework, a beacon of hope in the wild west of cryptocurrency.
In a press release that reads like a romantic novel, Tether announces it’s teaming up with Adecoagro, a sustainability giant, on a renewable energy BTC mining project in Brazil. It’s like a match made in heaven, but with more solar panels and less harp music.
In a recent X post, analyst Hakan Kocabıçak shared a daily chart of BNB/USDT, highlighting a decisive breakout from a falling wedge pattern. The token has gained 2.63% and is currently trading at $663.31. 📈
