News

Bitcoin rises 1.5%, Ethereum breakthrough at $5,000 and

Published

2 months ago

17 May, 2024

New York City, NY, May 17, 2024 (GLOBE NEWSWIRE) —

The cryptocurrency market is abuzz as Bitcoin surges 1.5%, signaling strong momentum for the leading cryptocurrency. Meanwhile, Ethereum is on the verge of a significant breakthrough, with analysts predicting that it could soon reach the $5,000 mark. Amidst these developments, a new and captivating player, Furrever token, is emerging as a potential game-changer in the crypto space. Combining the allure of feline-themed content with blockchain technology, Furrever Token offers a unique investment opportunity with the promise of astronomical returns. As Bitcoin and Ethereum continue to grab headlines, don’t overlook the irresistible allure and innovative potential of the Furrever Token, the next big thing in cryptocurrency.

Bitcoin Rises 2%: Institutional Investments in Bitcoin ETFs Skyrocket

Bitcoin (BTC) is currently trading at around $65,738.46, up nearly 2% from yesterday. Over the past week, more than 600 companies have disclosed substantial investments in Bitcoin spot exchange-traded funds (ETFs) in their 13F filings with the U.S. Securities and Exchange Commission (SEC).

According to archival data, professional investment firms reported holding $3.5 billion worth of Bitcoin ETFs. Major players include Morgan Stanley, JPMorgan, Wells Fargo, UBS, BNP Paribas, Royal Bank of Canada, and hedge funds such as Millennium Management and Schonfeld Strategic Advisors.

Millennium Management leads the pack with $1.9 billion invested in various Bitcoin ETFs, including BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC). Schonfeld Strategic Advisors follows with an investment of $479 million, primarily in the BlackRock and Fidelity funds. Boothbay Fund Management and Pine Ridge Advisers also declared significant holdings in spot Bitcoin ETFs.

Morgan Stanley stands out with a $269.9 million investment in Grayscale Bitcoin Trust (GBTC), making it one of the largest holders. Other notable investors include Aristeia Capital, Graham Capital Management, CRCM and Fortress Investment Group, each with substantial investments in IBIT.

Spot Bitcoin ETFs, launched in January, saw massive demand in the first three months. Despite the recent slowdown in inflows, sustained interest from hundreds of financial institutions highlights growing institutional confidence in Bitcoin’s potential. As the price of Bitcoin continues to rise, these substantial investments highlight the growing mainstream acceptance and adoption of the leading cryptocurrency.

Ethereum’s potential surge amid anticipation of SEC decision

Ethereum (ETH) is currently trading at around $2,950.80, down 0.5% from yesterday, but is poised for a potential near-term bullish rally after a five-day stagnation. This momentum is fueled by discussions of declining revenue on the ETH mainnet and the SEC’s impending decision on ETH spot ETFs.

Opinions are divided on the SEC’s verdict on VanEck’s ETF spot filing, due May 23. ETF Store’s Nate Geraci believes a rejection is unlikely, citing past approvals of ETH futures ETFs and the removal of staking options. However, some speculate a denial due to ongoing investigations into Ethereum’s security classification.

SEC review began in April 2023, but ETH futures ETFs were approved in September, highlighting regulatory complexity. Ethereum now aims to surpass $3,000, facing resistance at $3,103 and $3,161. Short-term bullish sentiment is evident, with ETH long liquidations decreasing, open interest rising to 1.97%, and anticipation of more price volatility ahead of the SEC’s decision.

Furrever Token: Analysts Predict the Next Big Thing in the Cryptocurrency Industry

Furrever Token (FURR) is capturing the attention of the cryptocurrency world, and analysts predict it could be the next big thing. Built on the BNB-20 blockchain, Furrever Token stands out by combining blockchain technology with the universal appeal of cute cat images. This unique approach transforms everyday crypto interactions into delightful experiences, with charming cat-themed stickers, emojis, and images enhancing user engagement.

One of the main features that spark interest in Furrever Token is its engaging community challenges. These regular events encourage users to share their love of cuteness and participate in fun activities, fostering a warm and inclusive community atmosphere. The project also promises future exclusive content, ensuring the community remains excited and engaged with new and delicious surprises.

Security and compliance are top priorities for Furrever Token. The smart contract has been vetted by Securi Lab, providing a secure and reliable platform for all users. Additionally, the team’s tokens are locked for one year, demonstrating commitment to the longevity and stability of the project.

Furrever Token’s impressive tokenomics includes a total supply of 9 billion tokens, with 65% allocated for pre-sale, 25% for DEX allocation, and 10% for the team. The pre-sale has already raised over $1.1 million, nearing the end of its stages and aiming to raise $1.9 million. With a current price of $0.000648, Furrever Token offers an attractive entry point for investors.

Additionally, Furrever Token has launched a contest for the highest total purchases of $20,000, where 10 lucky winners will share the prize. The competition will run until May 27, 2024, providing an additional incentive for new investors to join the community.

Furrever Token has achieved organic growth with nearly 4,000 members in its active Telegram channel. This growing community and the project’s innovative approach positions Furrever Token as a promising investment opportunity, fusing the allure of cats with the cryptocurrency’s potential for unparalleled rewards. Don’t miss the chance to be part of this lovely revolution in the world of cryptocurrencies!

Join the Furrever token presale now:
Official website of the Furrever token
Enter the $20,000 Furrever Token Giveaway
Join the official Telegram group
Follow the official X account

Media contact:
Roberto Smith
https://furrevertoken.com/
support (at) furrevertoken.com

Disclaimer: The information provided in this press release does not constitute a solicitation for investment, nor is it intended as investment advice, financial advice or business advice. We strongly recommend that you practice due diligence, including consulting with a professional financial advisor, before investing in or trading cryptocurrencies and securities.

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News

Top 5 PolitiFi Tokens to Buy Now for MAX Profits

Published

15 mins ago

27 July, 2024

TokenTalk Staff

Coinpedia - Fintech & Cryptocurreny News Media

With the US presidential election fast approaching, the cryptocurrency world is buzzing with new trends. In addition to the well-known cartoon-themed meme coins, a new category is making waves: PolitiFi tokens. Did you see that coming?

These politically themed crypto tokens are gaining attention, especially those centered around former President Donald Trump. Today, we explore the 5 trending Trump-themed PolitiFi tokens.

Stock up to benefit later!

1. Trump (Magazine)

Launched about a year ago, the Trump-themed MAGA token has caused quite a stir in the cryptocurrency ecosystem. Inspired by Donald Trump’s slogan “Make America Great Again,” the MAGA token has produced an astonishing 35 million percent return since its inception. Currently trading at $5.65, it has fallen 8.80 percent in the past 24 hours.

Despite this, the token’s trading volume increased by 23.23%, bringing its market cap to $248 million and securing the 220th spot on CoinMarketCap.

Source: Dexscreener

2. MAGA (MAGA)

Another token with the same ticker, MAGA, is also trending in the PolitiFi category. With 390 billion tokens in circulation, this MAGA token has seen a 11.08% price drop over the past 24 hours, but an 81.39% increase in trading volume. Currently trading at $0.0001337, it is ranked 21st on Dexscreener’s trending list and 522nd on CoinMarketCap. Despite being only two months old, it has provided early adopters with a remarkable profit of 313,373.62% at its all-time high of $0.0007354.

Source: Dexscreener

3. Super Trump Coin (STRUMP)

Super Trump Coin, a meme token depicting Donald Trump as Superman, has a circulating supply of 1.8 billion tokens. Over the past 24 hours, its trading volume has increased by 39.88%. Currently trading at $0.01112, it has dropped by 6.07% over the past 24 hours, but holds a CoinMarketCap rating of 776. From its all-time high of $0.03085, it has dropped by 64.06%. Despite this, its impressive short-term returns have made it a favorite among Trump crypto enthusiasts.

Source: Dexscreener

4. MAGA Vice President (MVP)

Launched just four months ago, MAGA VP has yet to break into the top 1000 cryptocurrencies on CoinMarketCap, currently ranked 1231st. With a value of $0.128, its trading volume has increased by 21.79% over the past 24 hours, with a market cap of $5.3 million. While it is up 110% at its current price, it is down 83.24% from its all-time high of $0.7706.

Source: Dexscreener

5. Little Trump

One of the most unique Trump-themed tokens is Baby Trump, which depicts Donald Trump as a baby president. With a circulating supply of 406 million tokens, it has a market cap of $3.5 million at a trading price of $0.008616. Although its price has dropped 9.45% in the last 24 hours, its trading volume has increased by 4.29%. At its peak, Baby Trump’s market cap was $11 million.

Notably, Baby Trump is the only token among the five analyzed to be based on the BNB Smart Chain, while the others are based on the Ethereum network.

Source: Dexscreener

It’s an exciting time for cryptocurrencies

The current political climate in the United States is spawning a new wave of meme tokens themed around various political figures. Among them, Trump-themed PolitiFi tokens are experiencing the most significant surge in popularity. Support for Donald Trump in the crypto community seems to be a driving force behind the success of these tokens.

Do you think Trump-themed PolitiFi tokens are here to stay or just a passing trend? Share your thoughts.

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News

Brett Token Price Soars 12%; Analyst Expects Further 30% Upside

Published

1 hour ago

27 July, 2024

TokenTalk Staff

Eight altcoins rally 10+% as volatility swings market

Brett, the largest meme coin in Blockchain Base, rose more than 12% on Friday, as sentiment in the cryptocurrency and stock sectors improved.

Brett (BRETT) the token rose to $0.133, up 31% from its low this month. Some traders believe the meme coin has more upside potential in the future.

Analyst is bullish on Brett

In an X-post, Michael van de Poppe, a trader with over 721,000 followers, said he is optimistic that the token will rise to $0.1712, up 30% from Friday’s trading level.

I’ve been a day trader for a long time and memes are a great way to gain that perspective.

Lots of volume.
And there’s a lot of volatility.

When it comes to $BRETTI would look for long positions in this area between $0.125-0.1325 and $0.170 as a clear identification of a potential bull run. photo.twitter.com/hWmSjCZGJa

— Michaël van de Poppe (@CryptoMichNL) July 26, 2024

If he is right, Brett’s market cap will surpass Floki’s (FLOKI), which has a market capitalization of $1.7 billion.

Brett’s bounce came at the start of the Bitcoin 2024 conference today. In a statement at the event, Robert Kennedy, an independent presidential candidate, noted that he is a big supporter of Bitcoin (BTC).

The main protagonist of the event will be Donald Trump, leading in most polls, included in Polymarket. Trump is expected to reiterate his support for cryptocurrencies. Analysts are divided on whether he will announce a Bitcoin reserve at this event.

Blockchain Base is doing well

Brett token also recovered as Base blockchain ecosystems continued to perform well. Launched in 2023 by Coinbase, Base has accumulated over $1.6 billion in DeFi assets, making it the sixth largest chain in the industry. It has surpassed popular networks like Cardano (ADA), Avalanche (AVAILABLE) and Polygon (MATIC).

At the same time, Brett and other altcoins jumped as the U.S. stock market rebounded, signaling that investors have embraced risk-on sentiment. The Dow Jones Industrial Average rose more than 600 points, while the S&P 500 and Nasdaq 100 jumped more than 80 basis points.

Brett Price

Brett Price Chart | Source: Trading View

Technically, Brett formed a morning star pattern, which is a popular reversal sign. In the past, the coin has risen by double digits when it has formed this pattern. For example, it formed on July 12 and then rose by 40%.

On the other hand, this bounce could be a dead cat bounce, where an asset briefly rises and then resumes its downtrend.

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News

Top 5 PolitiFi Tokens to Buy Now for MAX Profits

Published

2 hours ago

27 July, 2024

TokenTalk Staff

These politically themed crypto tokens are gaining attention, especially those centered around former President Donald Trump. Today, we explore the 5 trending Trump-themed PolitiFi tokens.

Stock up to benefit later!

1. Trump (Magazine)

Despite this, the token’s trading volume increased by 23.23%, bringing its market cap to $248 million and securing the 220th spot on CoinMarketCap.

Trump Themed Political Token -TRUMP - Price Chart Source: Dexscreener

2. MAGA (MAGA)

Source: Dexscreener

3. Super Trump Coin (STRUMP)

Source: Dexscreener

4. MAGA Vice President (MVP)

Source: Dexscreener

5. Little Trump

Notably, Baby Trump is the only token among the five analyzed to be based on the BNB Smart Chain, while the others are based on the Ethereum network.

Trump Themed Political Token - BABY TRUMP - Price Chart Source: Dexscreener

It’s an exciting time for cryptocurrencies

Do you think Trump-themed PolitiFi tokens are here to stay or just a passing trend? Share your thoughts.

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News

Binance Completes Render (RNDR) Token Swap and Rebranding to Render (RENDER)

Published

5 hours ago

26 July, 2024

TokenTalk Staff

Binance to Delist OMG, WAVES, WNXM, XEM from 2024-06-17

Lorenzo JengarJul 26, 2024 10:26 AM

Binance has successfully completed the token swap and rebranding of Render (RNDR) to Render (RENDER), opening new trading pairs and enabling deposits and withdrawals.

Binance, a leading cryptocurrency exchange, has successfully completed the token swap and rebranding of Render (RNDR) to Render (RENDER), according to an official announcement from the company. The transition marks a significant milestone for the platform and its users, as deposits and withdrawals for the new RENDER tokens are now open.

New trading pairs and availability

Following the rebranding, Binance has opened spot trading for several new pairs involving RENDER. These pairs include RENDER/BTC, RENDER/USDT, RENDER/FDUSD, RENDER/USDC, RENDER/TRY, RENDER/EUR, and RENDER/BRL. Trading began on July 26, 2024, at 08:00 (UTC). Users engaging in Spot Copy Trading wallets can add these pairs by enabling them in the Personal Pair Preference section of the Spot Copy Trading settings.

Token Distribution and User Instructions

The token exchange was conducted at a ratio of 1 RNDR to 1 RENDER. Users can view the token distribution history via their Binance wallet history. Additionally, there are new RENDER token deposit addresses available for users to obtain.

It is important to note that deposits and withdrawals of the old RNDR tokens are no longer supported. Users are advised to update their wallet addresses and ensure that all transactions involve the new RENDER tokens to avoid any issues.

General information and disclaimers

Binance noted that there may be discrepancies in translated versions of this announcement and that users should refer to the original English version for more accurate information.

For more detailed information, users can refer to the official announcement on Binance website. Source.

As always, Binance reminds users to be cautious with their investment decisions. The platform is not responsible for any losses incurred due to market volatility. Users should consider their own financial situation and consult independent financial advisors if necessary.

Image source: Shutterstock

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