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Author: James Wilson
The Monetary Authority of Singapore and Vietnam’s State Securities Commission have signed a Letter of Intent to collaborate on capital markets regulation and digital asset oversight. The agreement will help both regulators share information on regulatory frameworks, supervisory practices, and anti-money laundering measures. The letter aims to enhance Vietnam’s capacity to develop its digital asset regulatory framework while fostering deeper cooperation between the two financial authorities. Their financial regulators will share expertise on oversight. Today, I welcomed General Secretary of the Communist Party of Vietnam, To Lam, on his first Official Visit to Singapore. His visit is especially meaningful as…
Pepe, the third-biggest meme coin, has been in freefall since December, but two chart patterns point to a strong rebound soon. Pepe (PEPE) jumped to a record high of $0.00002833 in December before crashing by over 80% this month. This retreat has mirrored the performance of other meme coins, whose prices have dropped by double digits from their 2024 highs. Pepe price has formed a falling wedge and a double bottom Technicals suggest that Pepe may be on the verge of a strong bullish breakout in the coming days or weeks. The daily chart shows that it has formed a…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Tron, Litecoin, and Lightchain AI are set to surge in March, with Lightchain AI leading after raising $17.1m in presale. These 3 cryptos look ready to explode in March: Tron (TRX), Litecoin (LTC), and Lightchain AI. Tron continues to build momentum with its decentralized applications and strong community, while Litecoin remains a solid investment with its fast transaction speeds and security. However, the standout is Lightchain AI, which has already raised over $17.1 million at a presale price of…
After the recent ETH liquidation event, which caused $4 million loss to Hyperliquid’s Hyperliquidity Provider vault, the platform said it will increase the maximum leverage allowed for Bitcoin and Ethereum trading to prevent similar incidents in the future. In the said liquidation event, a whale had built a 50X leveraged long position on Ethereum (ETH) that reached 160,234 ETH. However, when the market moved against them, effectively causing liquidation, the user was still able to withdraw 17.09 million USD Coin (USDC), exiting in profit before the liquidation was executed on the Hyperliquid platform. The HLP vault, which is designed to…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As gold and oil struggle, Bitcoin gains attention as a safe haven, with a global crisis potentially driving its value higher. Amid global economic turmoil, traditional safe assets like oil and gold are under pressure. A new player is gaining attention as a potential sanctuary for wealth. Could an impending worldwide crisis catapult Bitcoin’s value to unprecedented levels? Delve into the elements that might drive BTC’s price skyward, possibly reaching the elusive million-dollar milestone. XYZVerse’s knockout journey: The memecoin…
Bitcoin dominance hit a new cycle high despite price correction as investors shift from altcoins, driven by stronger-than-expected U.S. job growth and the Federal Reserve’s hawkish stance. According to Matrixport, Bitcoin (BTC) dominance has surged to a new cycle high, surpassing 61%. Matrixport attributed this to two factors: a stronger-than-expected U.S. jobs report as well as the Federal Reserve’s increasingly hawkish stance. When job growth exceeds expectations, it suggests the economy is performing well. This often translates to higher interest rates or a delay in rate cuts, which reduces liquidity in financial markets. Higher interest rates then make borrowing more…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. BitLemons is making waves in web3 gaming with a fully operational platform, real revenue, and a fast-selling presale, all while bigger names like Ethereum and BNB struggle. Ethereum is stuck in a tug-of-war between bulls and bears, while Binance Coin is gearing up for a network upgrade that could alter its trajectory. Traders are laser-focused on these developments, but are they overlooking the real play? BitLemons (BLEM) has been quietly gaining traction, operating a fully functional web3 gaming platform…
Asset manager HANetf has introduced leveraged and inverse crypto ETCs, offering traders a new way to bet on Bitcoin and Ethereum price swings. White-label exchange-traded fund provider HANetf is offering traders in Europe new ways to speculate on crypto by launching its first leveraged cryptocurrency exchange-traded commodities and a short Bitcoin (BTC) strategy, allowing them to bet on price movements of BTC and Ethereum (ETH). Available on Nasdaq Sweden with a 2% expense ratio, traders can now access the 2x Long Bitcoin ETC, 2x Long Ethereum ETC, and 2x Short Bitcoin ETC. In a March12 interview with ETF Stream, HANetf…
Pi Network is up 20% ahead of Pi day, holding support at $1.40. Pi Network (PI) has surged by 20% in the past day, currently trading at $1.60, though it’s still down by over 45% from its all-time high of $2.98 achieved in February. However, it’s holding steady at $1.30-$1.40 local support level, bolstered by the approaching Pi Day. Pi day, which falls on March 14, marks an important event for the PI ecosystem. Specifically, users are required to move their PI mined on the testnet to the live, operational mainnet. The mainnet migration is to be completed by 8:00am…
KAS jumped nearly 28% in the past day as it tried to break out of the downtrend it’s been stuck in since last December. Kaspa (KAS) rose to an intraday high of $0.074, bringing its market cap close to $2 billion earlier today, with its daily trading volume nearly doubling to $188 million as of press time. Notably, today’s gains come after a long downtrend, with KAS hitting lower highs and lower lows since hitting $0.188 on Dec. 9 last year. The altcoin still remains 68% below its all-time high, around levels last seen in early November 2023. The main…