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The Synthetix prediction price shows that SNX is changing hands at $2.31 as the technical indicator Relative Strength Index (14) crosses above the 60-level. Synthetix Prediction Statistics Data: Synthetix price now: $2.31 Synthetix market cap: $592 million Synthetix circulating supply: $264.3 million Synthetix total supply: $320.5 million Synthetix coin market ranking: #66 SNX/USD Market Key Levels: Resistance levels: $3.00, $3.10, $3.20 Support levels: $1.50, $1.40, $1.30 SNXUSD – Daily Chart SNX/USD is currently trading around $2.31 and once it manages to surpass the potential resistance of $2.39, the next target could be located at $2.40 where it trades above the 9-day and 21-day moving averages. However, a push from here could send the price straight above the upper boundary of the channel as the daily low could be spotted at the $2.01 support level. If the current level fails to hold strong, the Synthetix (SNX) could slip below the 9-day and 21-day moving averag...

The recent upward movement of the Shiba Inu [SHIB] network has attracted significant attention. As the launch of Shibarium approaches, the community has been anticipating a potential price increase associated with this update. In preparation for Shibarium, the dominant whales within the network have been investing heavily in the asset. This surge in whale activity has resulted in a seven-day high for the transaction volume of Shiba Inu. IntoTheBlock’s data reveals that Shiba Inu has experienced a notable increase in its large transaction volume over the past week. A significant amount of 2.21 trillion SHIB tokens pushed the total volume of large transactions. Remarkably, this figure represents the highest volume observed in the past seven days. Source At press time, the large transaction volume of Shiba Inu experienced a significant surge, reaching a peak of $16.18 million, accompanied by a remarkable increase of 43.72%. Large transactions, as defined by IntoTheBlock, refer to transfer...

Ripple whales have come out in full force, acquiring 360 million XRP amid a week-long price decline. Specifically, cryptocurrency analyst Ali reported the accumulation of XRP acquired on the dip, as the price fell 12% between June 22 and June 28th.  The development has seen these XRP whales take full advantage of the price drop. They acquired the XRP tokens over six days, with their investment worth around $170 million. Moreover, the development followed what has been an inconsistent month for the asset.  #Ripple whales bought the dip! While the price of #XRP dropped 12% from June 22 to June 28, whales bought 360 million $XRP worth nearly $170 million. pic.twitter.com/QI0m45cIio — Ali (@ali_charts) June 29, 2023 Also Read: XRP Transactions Register Losses But Sentiment is ‘Bullish’: Here’s Why XRP Whales Buy the Dip The last few weeks have seen XRP fluctuate around the same price. Subsequently, the asset has seen many investors attempt to gauge the actual price action to better inform ...

US President Joe Biden pointed out the loopholes in the crypto industry at the Bidenomics in Chicago, Illinois, on June 28. In the first part of his speech , the US president emphasized the country’s infrastructure and the creation of 13.4 million new jobs in the region over the past two years, which according to him, are “more jobs in two years than any president has ever” assembled in the same timeframe. In addition, President Biden pointed out the flaws of the current federal tax system, saying that he would “make it fair.”  U.S. President Biden said in his speech on Biden’s economics on the 28th: We’re going to make it fair by eliminating loopholes for crypto traders, hedge fund managers. https://t.co/Hf5QLqEBMX pic.twitter.com/D02iDjkMAa — Wu Blockchain (@WuBlockchain) June 29, 2023 The US president added that, at this point, “fair” means “eliminating loopholes for crypto traders, hedge fund managers.” You might also like: FTX engages in talks to bring...

On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses whether Bitcoin will ever be below $27,000 again. Have you missed your chance to purchase some sats at sub $30,000 levels? In the latest episode of The Market Report, analyst and writer Marcel Pechman analyzes some data to conclude whether Bitcoin (BTC) will ever trade at $27,000. Some analysts attribute Bitcoin’s recent 21.5% gains to BlackRock’s spot Bitcoin exchange- trade d fund (ETF) filing, but other events might have also fueled the cryptocurrency gains. Pechman asserts that, following a period of enforcement actions by regulators against exchanges allegedly acting as unregistered securities brokers, the United States crypto regulatory environment has improved. More recently, the U.S. Securities and Exchange Commission has drawn opposition in Congress and the Federal Reserve. That shows just how conflicting the U.S. government’s views on crypto regulation are. Pechman shows how Bitcoin futur...

Bitcoin was launched in 2009 after the American economy collapsed and slipped into a recession. The stock markets bled profusely delivering massive losses to investors during that period. Bitcoin paved the way for a decentralized economy taking a new path away from the traditional financial establishments. On the other hand, Shiba Inu was launched in August 2020 with the aim of decentralization, with the motive of giving power back to the people. Therefore, both Bitcoin and Shiba Inu are decentralized projects and have no connection to the existing financial entities. Also Read: Shiba Inu: AI Predicts SHIB Price For July 1, 2023 Shytoshi Kusama Likens Shiba Inu to Bitcoin Source: Reddit The lead developer of ShibaSwap, Shytoshi Kusama recently likened the Shiba Inu token to Bitcoin. In a group chat on Telegram, a user mentioned SHIB is “developed by the current devs” and not by Ryoshi. For the uninitiated, Ryoshi is the anonymous founder of SHIB and disappeared last year by deleting a...

As the U.S. crypto industry faces a prolonged winter, Japan may find an unexpected opportunity to expand its influence in the sector — according to a recent The Japan Times report. The recent collapse of FTX, once a leading global virtual token exchange, has sparked concerns about a similar downturn in other countries, including Japan. However, some Japanese industry insiders see the U.S. turmoil as a chance for Japan to enhance its standing in the crypto world, given its established legal framework for the industry. Japan was an early adopter of crypto legislation, and its robust regulatory approach has been shaped by past experiences with major crypto exchange failures, such as Mt. Gox and Coincheck. The country’s laws require cryptocurrency exchanges to register with the government, submit annual reports, and comply with stringent measures to prevent money laundering and terrorism financing. These regulations initially faced criticism for being overly strict, but they have...

ARK Invest filed for a spot Bitcoin ETF in collaboration with 21Shares long before BlackRock did, and its application is reportedly first in line for the SEC’s approval. ARK Investment Management, a pro-Bitcoin (BTC) firm founded by veteran investor Cathie Wood, is reportedly ahead in the race for a spot BTC exchange-traded fund (ETF). In mid-June, the investment firm BlackRock filed an application for a spot Bitcoin ETF, triggering notable optimism in cryptocurrency markets. Several reports suggested that BlackRock could become the first issuer of a spot Bitcoin ETF in the United States should it receive approval, but that might not be the case, according to some executives and analysts. “Other applicants will be able to amend their filings with similar agreements at little cost,” ARK analyst Yassine Elmandjra reportedly said. Elmandjra stressed that ARK and the European asset manager 21Shares filed an application with the U.S. Securities and Exchange Commission (SEC) for a spot Bi...

Ethereum (ETH) is making significant strides despite the broader downturn in the crypto market. According to Altcoin Daily, a widely followed crypto-focused YouTube channel, several factors are converging to suggest a potentially optimistic future for the world’s second-largest cryptocurrency by market cap. Analysts cited in the video predict that Ethereum’s price could reach an all-time high of $3,000 as the balance of ETH on exchanges drops to an all-time low of 12.6%. This reduction in available tokens for selling is generally considered a bullish indicator. However, this trend doesn’t solely signify positive market sentiment. Recent regulatory crackdowns on major centralized exchanges like Binance and Coinbase have led many investors to withdraw their ETH to private wallets. These actions, while contributing to the decrease in exchange balances, also underscore growing concerns over regulatory scrutiny in the crypto industry. Meanwhile, the proportion of st...

zkSync Era’s new ZK Stack will use recursive scaling and “hyperchains” to create an ecosystem of interoperable protocols and sovereign chains. Ethereum zero-knowledge proof scaling system zkSync Era has unveiled its answer to Optimism’s Superchain concept in the form of ZK Stack. It’s a modular framework for a series of ZK-powered custom block chains called yperchains , which will operate as a new layer on top of the existing layer-2 protocol. The chains will be composable and interoperable, enabling almost-instantaneous transfers of liquidity and flash loans between protocols in the system, which is not possible between L1 block chains . It shares some similarities to the Superchain network of L2s unveiled by Optimism when it announced Coinbase’s BASE would be the first addition. Alex Gluchowski, the co-founder and CEO of zkSync, told Cointelegraph that the system did away with the need for clunky and insecure token bridges, which are the weak point exploited by many of the bigge...

Shiba Inu, a cryptocurrency that has gained significant recognition as a meme coin, has achieved notable popularity in the cryptocurrency industry. The team behind SHIB has demonstrated their commitment to its growth through various initiatives, including the implementation of the Shiba Inu Burn program. The burn rate associated with Shiba Inu has garnered attention due to its fluctuating nature. Some days witness significant increases, while others experience declines. However, the burn rate has not been particularly impressive in recent times. It is worth clarifying that the burn rate experienced a substantial increase of 6900% on June 22. Now, according to Shibburn’s data, the burn rate has surged by 1077% during the last 24 hours. Source: Shibburn Shiba Inu burn numbers touch millions Shibburn data shows that 364,240,559 SHIB has been sent to dead wallets in the last 24 hours. The biggest transaction occurred 23 hours ago in a single transaction. 91,698,204 SHIB were burned in tha...

Also Read: HBAR Crypto News: ChatGPT Plugin Live For Hedera Network advertisement Meanwhile, the Terra Classic Price ( LUNC ) is set to close the week in net gain of around 1.3%. Earlier, CoinGape reported that recent Terra Classic price trends indicate possibility of challenging the long-pending resistance trendline. Terra Luna Classic LUNC Six Samurai Team With a total expenditure for the third quarter of 2023 at $116,000, the team proposes an L1 roadmap that includes migrating from Columbus-5 to Columbus-6 and updated to the Cosmos SDK. Also, part of the roadmap proposed by the team is the plan to pursue Terra Classic listing on Keplr’s Web Interface, an analytic visualizations web tool and Mintscan, a Cosmos block explorer for crypto exchanges and customers. The proposal said, “To accomplish a true revival of the ecosystem, we are prepared to do the hard work. We will also coordinate and cooperate with any other teams that win a mandate ...

A recent report by Bloomberg states that Circle, the issuer of the USDC stablecoin, emerged as a primary recipient of support from the government -backed rescue of Silicon Valley Bank (SVB).  According to the information acquired from the Federal Deposit Insurance Corporation (FDIC), Circle had more than $3.3 billion in reserves at SVB. The FDIC guaranteed these reserves and were thus safe. EXCLUSIVE: The FDIC backstopped Sequoia Capital and several major tech firms when it stepped in to insure all Silicon Valley Bank deposits, document reveals https://t.co/bI9JWzfIXd — Bloomberg (@business) June 23, 2023 After the SVB declared bankruptcy in March, the regulatory agencies stepped in to protect the bank’s creditors to regain the public’s confidence and maintain economic stability. However, due to this action, discussions over the degree to which the government allows financial institutions to incur excessive risks have been rekindled. You might also like: ...

One of the five members onboard the stricken submersible Titan, Paul-Henry Nargeolet, had worked with a web3 company to launch a Titanic-themed NFT collection. Nargeolet was considered to be an expert on the Titanic and was the owner of the salvage rights to the shipwreck. The NFT collection was supposedly started to “celebrate, remember, and preserve the legacy of Titanic and its passengers.” Its roadmap suggests the NFT s are going to give access to an organization called The Titanic Legacy Council, which would provide individuals a chance to “participate in key decisions regarding the exploration, experience, and engagement of Titanic ’s legacy and its artifacts.” RMS Titanic, Inc. The company that Nargeolet owned, RMS Titanic, Inc., issued a statement on June 21 when it was revealed that its founder was lost on the Titan. Artifact Labs also issued a statement on the initial news but has yet to say anything further. pic.twitter.com/nsyKy5jYdZ — RMS Titanic, Inc. (@R...

SoftBank CEO’s Affinity for Technology While speaking at his annual shareholders’ meeting, Son opened up about his emotional relationship with technology, specifically highlighting his connection with ChatGPT , which he referred to as one of his top advisors.  advertisement Son shared that he had broken down in tears for several days, feeling a sense of unfulfillment regarding his career. Son revealed that he emerged from his period of emotional distress with a newfound clarity about his aspirations. In a Financial Times report, Son expressed a desire to become an “architect” and to design the future of humanity.  Additionally, Son emphasized his commitment to and active engagement with artificial intelligence ( AI ) following questions from one shareholder about his recent performance and lack of focus on the new technology. He made it clear that he takes AI seriously and sees it as a crucial tool in designing the future. Rem...

Volatility has made its way back to the crypto market. The onboarding of several prominent institutions from the TradFi industry managed to stir optimism and bring back bulls into action. Evidently, the last couple of days have been green, with assets like Bitcoin and Ethereum climbing above their local psychological levels of $30,000 and $1900 respectively. Alongside the fundamental rally of the large-cap coins, even memes were seen blowing their trumpet. On one hand, Pepe Coin managed to register 40%+ gains over the past day, while Shiba Inu rose by 10.77%. Both the crypto assets were a part of the top-5 daily gainers. At press time, there were a few interesting trends associated with Shiba Inu. This article will be analyzing the outlook and assess the potential future course of action. Also Read: Shiba Inu Investors with ‘Zero Balance’ Down by 97% Will SHIB’s rally be short-lived? During the second week of June, both inflows and outflows noted a couple of spikes, indicating increase...