Coinedition
Vladimir Putin seeks to reduce the reliance on the US dollar. The Russian leader said that de-dollarization will help economic development. Putin added that all members of BRICS should trade using regional currencies.
XRP users fear the court may be lenient with the SEC on appeal matters. Growing uncertainty caused XRP to decline 5.33% this week. A successful appeal by the SEC could hurt XRP’s price and the crypto market.
Ethereum approaches a key resistance, which could spark gains if it breaks through. Market sentiment is mixed, with bullish signs but ongoing selling pressure affecting price. Technical indicators suggest potential upward momentum but warn of weakening bullish strength.
Catizen (CATI) price has surged in 24 hours with its market cap nearing $100 million. Increased investor interest in low-cap tokens has driven up CATI’s trading volume. CATI’s future growth depends on circulating supply and its role as a memecoin or utility token.
Solana’s TVL reached a remarkable $6.468 billion on Tuesday. The new level marks the highest Solana TVL since January 2022. Solana’s TVL trajectory highlights the sustained bullish outlook in SOL’s price.
Terra Luna Classic burn shrinks supply, signaling potential bullish price movement. LUNC faces key resistance at $0.0000970 whereby breakout could lead to further gains. Technical indicators suggest balanced sentiment, signaling a stable trading outlook.
Shiba Inu (SHIB) risks downside as 142 trillion tokens await burning, with bearish signs in derivatives trading. SHIB’s support at $0.0000181 is crucial, but bearish MACD signals suggest potential weakening in buying momentum. Despite bearish trends, 53% of SHIB holders remain in profit, reflecting solid long-term investor interest.
Michael Saylor advocates for financial companies’ crypto custody instead of self-custody. Vitalik Buterin criticizes Saylor’s idea as insane and adds that it’s against the principle of decentralization. Casa co-founder Jameson Lopp states that institutional control of crypto could stifle innovation.
Bitfinex lending rates have surged to 30% APR, signaling bullish market sentiment. Large spot traders are expanding positions amid rising lending activity and market pullback. High-interest USD loans indicate confidence in favorable market conditions in coming months.
