Bank of Japan Raises Rates, Fed Decision Looms
The Bank of Japan increased interest rates to 0.25%, marking its second hike since 2007, while markets await the Federal Reserve’s decision expected to maintain current rates.
Cryptocurrency
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XRP Volatility Hits Record Low: Potential for Massive Price Surge?
XRP’s monthly volatility has reached an all-time low, mirroring conditions before its 60,000% rally in 2017-2018. Technical indicators suggest a significant price movement may be imminent.
Dogecoin’s $1 Dream: Musk’s Soft Spot Reignites DOGE Hopes
Elon Musk’s recent comments about his affinity for Dogecoin have rekindled speculation about the meme cryptocurrency’s potential to reach $1, despite his cautious approach to crypto promotion.
Litecoin (LTC) Gains Momentum: Price and Market Analysis
Litecoin’s price has risen 6.49% in 24 hours to $75.4, with a 5% weekly gain. Despite a drop in trading volume, LTC maintains a $5.65 billion market cap, ranking 21st among cryptocurrencies.
August Crypto Unlocks to Hit $1.5B, Led by XRP’s $600M Release
August 2024 will see nearly $1.5 billion in token unlocks across major crypto projects, with XRP’s $609 million release leading the way on August 1.
Qifa’s Tether Use for China-Russia Trade
Chinese firm Qifa is using Tether stablecoin for cross-border payments between China and Russia amid sanctions, raising questions about legality and potential consequences in both countries.
Ethereum Activity Soars in Healthy Crypto Market
A joint report from Coinbase and Glassnode indicates a surge in Ethereum network activity and overall crypto market health despite price consolidation in Q2 2024.
Trump Pledges Crypto-Friendly US if Re-elected
At the Bitcoin 2024 conference, Donald Trump promised to make the US the “crypto capital of the world” if elected president, joining other candidates in courting the cryptocurrency vote.
Celebrity Memecoins on Solana: A Month of Hype and Decline
In June, 30 celebrity memecoins launched on Solana, but most have since lost significant value, with insiders profiting the most from these speculative tokens.
X Removes Crypto Emojis: Community Puzzled by Musk’s Move
Elon Musk’s X platform has removed several cryptocurrency emojis, including Bitcoin’s, leaving the crypto community confused and calling for a universal digital symbol.