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A widely followed cryptocurrency analyst believes one (DeFi) token in the Ethereum (ETH) ecosystem is setting up for a push to higher levels. The analyst pseudonymously known as Credible Crypto tells his 405,200 followers on the social media platform X that the native asset for the stablecoin-focused decentralized exchange Curve DAO (CRV) is “going so much higher” after entities locked a total of 900 million CRV. “That’s nearly one-third of all CRV that will ever exist (3.3 billion maximum supply) and 43% of existing supply. Most will be locked in perpetuity. That means one-third of all the CRV that will ever exist (43% of current total supply) has essentially been ‘burned’ and taken off the market forever.” CRV is trading at $0.281 at time of writing. Turning to Bitcoin (BTC), the widely followed analyst sees the flagship crypto asset witnessing more downside moves. “I don’t think this correction is over yet, but I do...

Shiba Inu’s recent price metrics have displayed a bearish trend. Investors are keen to explore narratives where SHIB can replicate its historic 2021 price rally, the one in which the token was at its prime to disseminate stellar returns. In this wake, the SHIB ecosystem has launched a new exciting element through which the SHIB burn mechanism can increase its performance. Also Read: Shiba Inu (SHIB) Turns 4: August Price Predictions SHIB To Burn Brighter Than Ever The Shiba Inu Ecosystem has finally launched its beta version of the Shiba Eternity Game. The web3 version of the game is set to play a vital role in determining the future price of SHIB, as it will contribute to the evergreen SHIB burn mechanism. According to Lucie, Shiba Inu’s marketing lead, the game will help burn significant SHIB tokens. She shared how users will be compelled to make transactions within the game using the bone token. Since the game is launched on Shibarium, using BONE tokens will directly help burn ...

The introduction of US Ether spot ETFs has sparked renewed optimism in the market. While the broader cryptocurrency sector has experienced a downturn, some individual tokens show positive trends. New cryptocurrency releases, listings, & presales today are drawing interest for their potential investment opportunities. These emerging tokens are appealing because they offer the possibility of significant returns with relatively low entry costs. InsideBitcoins helps identify these opportunities by providing detailed information on their Features , utilities, and market potential. New Cryptocurrency Releases, Listings, and Presales Today Astroon represents a digital universe that integrates animated content with interactive gaming experiences, all underpinned by blockchain technology. In parallel, Router Protocol is positioning itself as a Layer-1 blockchain that focuses on chain abstraction. Fuse, launched in 2019, also strives to develop a vertically integrated decentralized paymen...

Bitcoin has been recovering since the Bank of England cut interest rates, which also impacted global money markets and digital coins. Also Read: Mt. Gox Bitcoin Creditors Continue to Hodl Distributed Assets bitcoin - btc -amp-crypto-market">Impact of Bank of England Rate Cuts on Bitcoin (BTC) & Crypto Market Source: Computerworld Bank of England ’s Key Move The Bank of England cut rates by 25 basis points, from 5.25% to 5.0%. Investors noticed this change, marking a significant shift in monetary policy. This move helps the economy and manages inflation, at least in theory. How Other Central Banks Might React This action by the Bank of England could sway other central banks worldwide. Many are watching the U.S. Federal Reserve closely. There’s talk about a possible rate cut by the Fed soon. Also Read: Goldman Sachs CEO Says Bitcoin Can Mirror Gold as a ‘Store of Value’ How the Crypto Market Responded Bitcoin’s price rose slightly after the news. It rose by 1000 point...

In the wake of the highly anticipated address by Federal Reserve Chair Jerome Powell, Bitcoin (BTC) maintained a steady course on Wednesday as the Fed opted to keep interest rates unchanged at 5.25%-5.50%.  Crypto Market Awaits Fed’s Next Move Powell, speaking at a press conference in Washington DC, hinted at the possibility of rate reductions in September, contingent upon the economic performance in the weeks leading up to that month. “We’ve made no decisions about future meetings and that includes the September meeting,” Powell stated. “We’re getting closer to the point at which we’ll reduce our policy rate, but we’re not quite at that point yet.” Related Reading This PEPE Holder Cohort Is The Reason Price Is Struggling To...