Author: James Wilson

Bonk is pressing into a multi-layered resistance zone. Without a breakout, price risks a pullback toward the lower boundary of its pennant structure, in line with the 0.618 Fibonacci and value area low. Bonk (BONK) is trading at a critical resistance region, one that is stacked with multiple technical confluences. The current price zone includes the point of control, value area high, high time frame resistance, and the upper dynamic trendline of a potential larger pennant structure. With price tightening and momentum slowing, Bonk faces a pivotal moment. A breakout would mark a shift in structure, but failure to do…

In this article, we will talk about Urbit. A virtual person server to achieve digital sovereignty. What is Urbit? In a nutshell, Urbit is a virtual city of cloud servers. These servers are sovereign digital space and computing for individuals. In technical terms, Urbit is a global filesystem namespace where every directory is a Urbit server. It combines a programming language, OS, virtual machine, social network, and digital identity platform. The Urbit project aims to solve the fragmented internet service architecture problem. In today’s world, users use multiple internet services (ex-, Gmail, Dropbox, Facebook, etc..). Jumping from one service to another,…

The XLM crypto price has staged a strong rally, moving above a key resistance level, which points to further gains as its open interest, decentralized finance assets, and stablecoin growth surge. Stellar Lumens (XLM) rose to $0.30, its highest level since May 23, and 35% above the lowest point in June. Its market capitalization has jumped to nearly $9 billion. DeFi Llama data shows that the total value locked in Stellar’s decentralized finance has soared to a record high of $98 million. This is a strong rally, as TVL started the year at $50 million. Including Franklin Templeton’s tokenized fund,…

Floki, the crypto utility token of the Floki ecosystem, has surged more than 17% in the past week, buoyed by major developments around Webull Pay’s listing and the mainnet launch of the play-to-earn metaverse game Valhalla. The Floki (FLOKI) token traded around $0.000092, up nearly 3% in the last 24 hours. As top cryptocurrencies mirrored Bitcoin (BTC)’s spike to above $112k, FLOKI rose to highs above $0.000094. The crypto token’s gains were modest compared to memecoins such as dogwifhat (WIF) and Bonk (BONK). Current price is slightly off the intraday highs. However, with sentiment bullish following its recent milestones, buyers were…

BIT Mining is ditching diversification to go all-in on Solana. The firm will liquidate its current crypto portfolio and raise up to $300 million to build a SOL-heavy treasury while staking its future on one chain. On July 10, NYSE-listed crypto mining company BIT Mining announced a radical pivot from its Bitcoin (BTC)-centric roots, unveiling plans to raise as much as $300 million to amass a Solana (SOL)-dominated treasury. The company said it will convert its existing crypto reserves, previously diversified across assets like BTC, Litecoin (LTC), and Dogecoin (DOGE), into SOL and build exposure in phases, depending on capital…

The Cardano Foundation has spent $15 million on efforts to boost network usage, but ADA’s price has yet to pick up. Efforts to boost Cardano’s (ADA) price have yet to bring consistent returns. On Thursday, June 10, the Cardano Foundation released a report detailing its spending in 2024. According to the report, the Foundation spent $15 million on adoption, which includes flashy deals like the one with Barcelona FC. The report details that total expenditures for 2024 were $29.2 million. Of this, $22.1 million was allocated to expanding in strategic areas, including adoption, core operations, and education. Another $7.1 million…

Shiba Inu price has inched higher this week as investors return to the crypto market, but key fundamentals and technical indicators suggest the rally may be short-lived. Shiba Inu (SHIB) rose to $0.000012 on Thursday, with its 24-hour volume jumping to over $270 million. This rebound lagged behind that of the top meme coins like Dogecoin (DOGE) and Pepe (PEPE).  There are several reasons why Shiba Inu’s rally may be short-lived. First, whales have remained on the sidelines this year, with many selling their coins in a sign of capitulation. Santiment data shows that holders of between 10 million and…

This is my first major study (source) about Blockchain Interoperability, which started in December 2019 and was last updated today.  We analysed 330+ documents and obtained feedback from 30 people, to categorize the most relevant blockchain interoperability projects. We came up with three categories: Cryptocurrency-directed interoperability approaches, Blockchain Engines, and Blockchain Connectors. Note: for an introduction on blockchain technology, the blockchain interoperability problem, and for a full discussion on each category, blockchain interoperability definitions, architectures for blockchain interoperability, existing standards, open issues and challenges, and use case scenarios, refer to the paper: A Survey on Blockchain Interoperability: Past, Present, and…

Pencil Finance raises on-chain capital for student loans, issuing $1 million in real-world loans. Real-world assets are increasingly finding applications in real life. On Thursday, July 10, Pencil Finance, the student loan real-world asset protocol, issued its first-ever student loan capital raised entirely on-chain. The $1 million in loan capital, raised on the Pencil Finance platform, will be used to expand educational opportunities in emerging markets. The focus will be on Asia, including the Philippines and Indonesia. Capital will be distributed through ErudiFi, which will then issue student loans for tuition funding to university students. At the same time, users…

Nansen built tools to track blockchain activity. Now, it’s helping secure one. By validating Caldera’s Metalayer, the analytics leader is putting its reputation and rewards on the line for a more connected modular future. According to a press release shared with crypto.news on July 10, Nansen will operate as a validator on Caldera’s Metalayer, an interoperability solution designed to stitch together fragmented blockchains. The move marks a strategic pivot for the analytics giant, known for dissecting on-chain data rather than participating directly in network security. By validating transactions on Metalayer, Nansen aims to reinforce decentralization while funneling staking rewards back…