Coinedition
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.
Bitget collaborates with Solayer to launch SOL liquid staking with BGSOL. BGSOL allows stakers to earn rewards while maintaining liquidity. The latest yield for BGSOL is approximately 8.15%.
WisdomTree and 21Shares join Bitwise and Canary Capital in filing for XRP ETFs with the SEC. Ripple CEO Brad Garlinghouse highlights surging institutional interest in XRP amid ETF filings. Bitwise CIO Matt Hougan asserts that XRP’s potential remains untapped due to regulatory hurdles.
Every season is an altseason in South Korea. Altcoins comprise 93% of all crypto trades in South Korea. Bitcoin dominance experienced a sharp drop since November.
U.S. Bitcoin Spot ETFs now control 1,104,534 BTC, surpassing Satoshi Nakamoto’s holdings. BlackRock leads the ETF pack with 521,375 BTC, followed by Grayscale and Fidelity. Bitcoin has surged 134% this year, surpassing $100,000 amid institutional accumulation.
SEC confirms rejection of all spot Solana ETF applications under current rules. SEC’s stance on Solana ETFs highlights challenges for altcoin products. SEC prioritizes futures-based ETFs, rejecting Solana spot ETF proposals.
