
Tether Moves 10,500 Bitcoin to New Address, Here’s Reason
Tether announced the transfer of 10,500 BTC to SoftBank as part of its pre-funding of the Japanese firm’s stake in Twenty One Capital.
Tether announced the transfer of 10,500 BTC to SoftBank as part of its pre-funding of the Japanese firm’s stake in Twenty One Capital.
Hyperliquid price has gained 9.82%, reaching $36.23, following Binance.US’s announcement of an upcoming spot listing.
Cardano founder Charles Hoskinson predicts Bitcoin could reach $250K–$500K, citing DeFi progress and the expansion of the global crypto ecosystem.
PSG saw a significant decline in its fan token value despite winning its first-ever UEFA Champions League title.
Cardano founder Charles Hoskinson has reiterated the network’s commitment to Bitcoin DeFi while spotlighting projects like Midnight, Leios, and Midgard.
Cetus Protocol has received approval of the on-chain vote to transfer the previously quarantined funds on Sui to a multisig trust wallet.
A 4.53 million whale withdrawal and the SEC’s decision to back off meme coin oversight have sent shockwaves through the $TRUMP market.
On-chain metrics like the Chaikin Money Flow (CMF) and Squeeze Momentum Indicator highlight rising selling pressure and bearish momentum for Pi Network.
PEPE plunged 11% in the last 24 hours, wiping out over $650 million in market cap as a major whale deposit on Binance sparks sell-off fears.
Hyperliquid has demonstrated its ability to manage high-volume trades, successfully handling crypto trader James Wynn’s $1 billion positions.
ADA holds steady at $0.751, but growing analyst optimism and renewed exchange support hint at a bullish breakout.
UNI token has gained 4% in the past day and 12% over the week, as growing Layer-2 adoption fuels market optimism.
Toncoin (TON) is making waves again, rallying nearly 10% in a single day as trading volume blew past $1.2 billion, demonstrating a 640% surge in 24 hours.
Avalanche (AVAX) shows early signs of a potential trend reversal as it eyes a breakout above its 18-month descending channel.
SUI price increased by 8% to $3.75, with trading volumes climbing 44% to $1.25 billion, driven by the SUI Foundation’s funding to victims of the hack.
Since the inception of bitcoin in 2009, thousands more have sprung up with each of them having their distinctiveness. Bitcoin is often referred to as the king of cryptocurrency each of the other thousands of cryptocurrencies falls under the class of altcoins; be it Ethereum (ETH), Bitcoin Cash (BCH), Ripple (XRP), Litecoin (LTC), Monero (XMR), EOS (EOS), TRON (TRX), etc.
All altcoins have their uniqueness in the sense of how they are mined, their nature (whether or centralized or decentralized), underlying technology, speed of transaction, coin distribution mechanism, etc. Although bitcoin is always used as the yardstick when analyzing an altcoin, some altcoins outshine bitcoin in certain specs. Several altcoins are developed on Bitcoin’s framework.
Altcoins are sub-divided into three categories namely; stablecoins, utility tokens, and security tokens. For example, stablecoins such as Tether (USDT), Binance Coin (BNB), Gemini USD (GUSD), USD Coin (USDC), etc. are known to be less volatile than Bitcoin because they are pegged to fiat currencies. However, some altcoins fall under more than one of these categories. You will find more information in altcoin news category.
Altcoins are getting thumbs up from different quarters for playing a significant role in the expansion of boundaries of blockchain adoption and applications. For example, Ethereum is known for its robust blockchain that enables faster transaction time as well as the creation of decentralized applications (dApps). At the time of launch, most altcoins sell themselves as better alternatives to existing ones and usually attempt to improve on the setbacks of known altcoins.
According to CoinMarketCap, there are over five thousand digital currencies in April 2020 although BTC has a staggering 64% dominance in the crypto market. As a crypto investor and enthusiast, stay tuned to coinspeaker.com to get the latest altcoins news around the world to keep you updated and geared up in the crypto space.