Author: dogcrypto
The US stablecoins market represents 96% of the global $247 billion market. The GENIUS Act cleared a key hurdle this week after passing a cloture vote in the US Senate. Bessent told senators that stablecoins represent a “new mechanism” to reinforce the US dollar’s global position. The US stablecoin market is heading for a regulatory overhaul that could drive its market size to more than $2 trillion by 2028, according to Treasury Secretary Scott Bessent. His comments came during a Senate hearing on Wednesday as lawmakers advanced the bipartisan GENIUS Act, aimed at introducing strict guardrails for stablecoin issuers. Bessent…
41 FIFA, the global governing body for association football, has selected the Avalanche network to develop its own Layer-1 blockchain for its non-fungible token (NFT) platform, FIFA Collect. The news was shared in a blog post published by Avalanche yesterday. The new FIFA Blockchain is a custom Layer 1 (L1) network built to support digital collectibles and enhance fan interaction on a global scale. FIFA chose Avalanche for its ability to handle high transaction volumes, low delays, and full governance control. It also offers low fees and stability during high traffic periods. This new blockchain will serve as the base…
In brief Altcoins including DOGE, SOL and ADA saw steep drops Thursday morning as traders rotated into Bitcoin after a brief post-CPI rally. Bitcoin and Ethereum remained relatively stable, with losses under 2% despite broader altcoin declines. An expert told Decrypt the pullback is “routine,” with sub-5% swings in altcoins considered market “noise,” not a shift in sentiment. The crypto market’s euphoria over cooling inflation lasted exactly one day—Dogecoin (DOGE), Solana (SOL), Cardano (ADA), and other major altcoins are now bleeding red as traders abandon the coins for the relative safety of Bitcoin.Dogecoin dropped by 5.8% to $0.19, while Tron…
Key takeawaysGrok 3 adjusts its predictions based on evolving market trends by analyzing real-time data patterns.Combining technical analysis with sentiment data improves accuracy; Grok 3 effectively identifies potential trade opportunities.Backtesting strategies before live trading is crucial; testing Grok 3’s prompts using historical data helps refine conditions and improve performance.While Grok 3 can automate trades, human oversight remains critical in adapting to unexpected market conditions.Crypto trading is complex. Prices can swing wildly, and even experienced traders struggle to keep up. That’s why automation tools are gaining attention, with many now exploring Grok 3, an advanced artificial intelligence (AI) model from xAI…
The dollar index (DXY), a measure of the U.S. dollar’s strength against a basket of major global currencies, dropped below 98 for the first time since early 2022.This move signals a notable shift in global currency markets and could create a favorable environment for risk assets, especially cryptocurrencies, like bitcoin . In recent years, a DXY reading above 100 has typically reflected dollar dominance and a risk-off sentiment, often weighing on equities and digital assets. Conversely, a weakening dollar eases financial conditions, boosts global liquidity, and tends to benefit speculative assets. Several factors are contributing to the current decline. US…
The SPX6900 token continued its strong uptrend on Wednesday, reaching its highest point since January. SPX6900 (SPX) price rose for the fifth consecutive day, reaching a high of $1.62, up by 548% from its lowest point this year. This surge has pushed its market capitalization from $275 million in March to $1.4 billion. The SPX token surge coincided with ongoing whale accumulation. Nansen data shows that whales now hold 105.29 million coins, up from 104 million on May 13 this year. SPX whale chart | Source: Nansen Similarly, public figure holdings of the SPX token rose to 31.97 million, up…
In the crypto world, decentralized finance (DeFi) and stablecoins adoption is often hindered by inherent design issues. However, innovative solutions are now emerging to address the flaws associated with stablecoins, which are the most practical use case of decentralized finance.Among the latest solutions is the Resolv Protocol, which presents a pioneering delta-neutral stablecoin model that goes far beyond traditional fiat-backed alternatives. With a strong focus on hassle-free interactions across different blockchains, user flexibility, and robust security, Resolv crypto has emerged as a next-generation DeFi tool centered around taking on the roles of a leading stablecoin (USR) and an insurance pool…
Godfrey Benjamin Nov 06, 2022 16:30 Bitcoin bull, Michael Saylor is optimistic BTC can solve Lebanon’s economic and monetary woes Michael J. Saylor, Co-founder of Microstrategy, has made claims that he believes the use of Bitcoin (BTC) is the solution to the financial crisis that is being experienced in Lebanon as the country’s currency has lost 96% of its value against the U.S. Dollar (USD). Saylor gave the opinion on Twitter as he claimed that the commercial banks had failed the country. Lebanon, a country long famed for its stable and investment-friendly financial…
Meme coins often capture the imagination and wallets of investors looking for the next big thing. But identifying a meme coin that could potentially skyrocket by 100 times its initial value isn’t just about following social media buzz; there is more to it than just luck.How to Find the Next 100x Coins?Here’s a structured approach to finding that elusive 100x meme coin.Engage with Core Crypto CommunitiesDiscovering the next big meme coin often begins in the bustling chat rooms and discussion boards of crypto communities. Platforms like Discord, Telegram, and specialized forums are fertile grounds for the early rumblings of what…
After slipping to lows of $15.5K amid FTX’s liquidity crunch, Bitcoin (BTC) gained momentum due to better-than-expected consumer price index (CPI) numbers released by the U.S. Bureau of Labor Statistics. Crypto and market education platform IncomeSharks tweeted: “Bitcoin has an easy path back to $20k as Stocks pushing up and positive CPI numbers.” Bitcoin was up by 3.78% in the last 24 hours to hit $17,281 during intraday trading, according to CoinMarketCap. The CPI surge was lower than expected because it rose by 0.4% in October, the lowest since January 2022. The U.S. Bureau…
