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In a meeting that is massively important, the Federal Reserve has opted to leave interest rates unchanged at 5.25%–5.50% in July 2024. The US central bank has kept rates at its current 23-year high for more than a year. However, they are expected to begin cutting those rates in the coming months. The Fed has been consistent in its position regarding those highly anticipated cuts. It has held firm to its 2% inflation target, while adopting a wait-and-see approach to that figure coming into view. With inflation cooling and job gains slowing, those cuts are likely to happen soon. BREAKING: Federal Reserve leaves interest rates unchanged, remains at 5.25% – 5.50%. — Watcher.Guru (@WatcherGuru) July 31, 2024 Also Read: Federal Reserve Leave Interest Rates Unchanged in May 2024 Federal Reserve Leaves Interest Rates Unchanged as Cuts Near Entering 2024, the US interest rates were a massive point of discussion. After the Federal Reserve ended its year-long tightening campaign, Wall...

Telegram clicker game Hamster Kombat is looking to surpass Uniswap’s $6.4 billion UNI airdrop with what its team claims to be the “largest airdrop in the history of crypto.” Data from the market tracking platform CoinGecko shows that UNI’s airdrop, which took place in September 2020, still holds the title for the biggest token distribution event. The token also holds a comfortable lead over the next biggest airdrop, which belongs to Apecoin (APE) at about $3.5 billion. Hamster Kombat Breaks Records With Turbocharged User Base Growth Overtaking UNI’s airdrop will be a monumental task. However, Hamster Kombat’s team may be up for the challenge given the game’s viral success. Within just 5 months, the Telegram mini game has rocketed past the 300 million players mark.  Hamster Kombat has also set a new record for the quickest time to reach the 100 million users milestone after achieving the feat in two months. Now, the game might be on ...

Recent data from Arkham Intelligence reveals that the US government holds $13 billion in crypto, including approximately 54.89 billion Shiba Inu ($SHIB) tokens. Meanwhile, the up-and-coming rival PlayDoge ($PLAY) is rapidly closing in on $6 million in presale funds. This data underscores the significant role of meme coins in the market. PlayDoge, which has more to offer than $SHIB – including its soon-to-launch P2E mobile game with ’90s nostalgia – could soon replace Shiba Inu as the new major meme coin holding of the Feds. For investors who have not noticed the smart money moving into the PlayDoge presale, there’s still a chance to grab the token at $0.00524. However, the price is expected to rise to $0.00525 within the next two days as PlayDoge ends its current presale stage. Given the attention PlayDoge has already garnered, it’s unlikely that the price will stay at these levels for long. The growing interest suggests more bul...

The Bitcoin price plunged after a US Government transfer of $2 billion in seized Silk Road BTC in a move that followed Donald Trump ‘s vow to “never sell” US government holdings of BTC. A wallet tagged as “U.S. Government: Silk Road DOJ” moved 29,800 BTC on July 29 to an unlabeled address that has no transaction history, according to Arkham Intelligence . Thereafter, the address performed transactions of 19,800 BTC and 10,000 BTC to two different addresses. The transfers spooked crypto investors, who quickly dumped their holdings in the leading crypto due to fears of an impending selloff. Bitcoin slumped 4% to trade at $66,639.72 as of 2:45 a.m. EST. US Government’s BTC Might Have Been Sent To Coinbase  Analysts at Arkham suspect that the transfer of 10,000 BTC, worth $670 million, was a deposit to an institutional custody or service. Commenting on the recent transfers by the US Government wallet, Bloomberg ETF analyst James Seyffart specu...

Digital assets manager CoinShares says that institutional crypto investors are pouring record-breaking inflows into crypto exchange-traded products (ETPs) in 2024. In its latest Digital Asset Fund Flows report, CoinShares says that despite a muted week of $245 million net inflows, digital asset investment products reached a new year-to-date record last week. “Digital asset investment products saw a relatively muted US$245m of inflows last week, although this obscures a mixed picture for various digital assets. Trading volumes rose to the highest levels since May at US$14.8bn for the week, helped by the recent Ethereum ETF launches. Recent price appreciation has brought total assets under management (AuM) to US$99.1bn while total inflows year-to-date (YTD) are at a record-breaking US$20.5bn.” Source: Rekt Capital/X Bitcoin (BTC) investment vehicles enjoyed $519 million in inflows. According to CoinShares, Ethereum’s (ETH) flows reacted to ETH...

Crypto exchange Gemini has warned users to monitor their accounts for unusual activity after it confirmed that around 15,000 of its customers might be affected by a breach of its banking partner.  As reported by Bleeping Computer, Gemini began contacting affected customers last month to tell them that its unnamed automated clearing house provider had been breached. It informed the California Office of Attorney General last Thursday.  According to Gemini, “an unauthorized actor gained access to an internal collaboration tool on the bank partner’s system, which may have resulted in the potential disclosure of certain transactional data between June 3 and June 7, 2024.” As a result, “a subset of some Gemini customers’ banking information was potentially impacted as part of the incident.,” the exchange added. UK hacker jailed over $900K Coinbase login scam Read more: Crypto-skeptic Andrew Left of Citron Research charged with fraud This impacted information seemingly includes cust...

By: Hu Feitong Translated by: WuBlockchain The Bitcoin 2024 Conference is the largest Bitcoin event, and this year it was particularly notable due to the participation of Trump and his team. On the afternoon of July 27th, U.S. time, and in the early hours of the 28th, Beijing time, Trump delivered a nearly 50-minute speech that was quite impactful, explicitly supporting Bitcoin and digital currency innovation. The summary of his speech quickly spread through social networks, and most people have probably seen it. However, what is interesting is that despite such positive news, the entire digital currency market reacted very calmly, with prices barely fluctuating. First, let’s look at what Trump said, and then we’ll discuss why the market remained so calm. Summary of Trump’s Speech Many of the summaries people saw were distilled based on the interests of the Web3 industry. However, after watching the entire speech, you would understand that its main purpose was still to garner votes. Si...

The presale for the new meme coin Base Dawgz ($DAWGZ) has hit another major milestone, pulling in $2.7 million in total funds raised in its latest round. Base Dawgz is vying to be the top dog on Base Chain, an Ethereum Layer 2 platform recently gaining massive popularity. In its current presale stage, Base Dawgz pegs its native token, $DAWGZ, at $0.006725 – a solid 40% jump from its launch price of $0.00479. With investors actively on the hunt for the next 100x crypto on Base, catching onto $DAWGZ could be like striking gold, potentially launching its value sky-high. Make sure to snatch up some $DAWGZ now at its current rate, as the buzz from its presale – raking in a boatload of cash in just over a month – hints at some serious rocket fuel for its future value. Base Chain Enters Politics – Boosting Meme Coins Like $DAWGZ Crypto has firmly entrenched itself in politics, with reports of Donald Trump receiving $3 mill...

As Bitcoin (BTC) establishes its price above the $67,000 mark, an analyst has observed that the crypto is destined for another all-time high based on fundamental technical indicators. In an analysis shared on X on July 26, Trader Tardigrade predicted that Bitcoin is destined for $90,000 after confirming a key bullish crossover on the moving average convergence divergence (MACD) indicator. According to the analyst, the Bitcoin chart outlines crucial insights aligning with the bullish sentiment. The MACD indicator, a popular tool traders use to identify potential market trends, has signaled a possible shift in momentum from bearish to bullish. Picks for you BlackRock reveals the only 2 cryptocurrencies worth buying 1 hour ago Bitcoin price ...

The S olympics price surged 20% in the last 24 hours to trade at $0.003303 as of 03:25 a.m. EST on trading volume that skyrocketed 130% to $3.19 million. This comes ahead of the Paris 2024 Olympics opening ceremony today, with SOLYMPICS aiming to capitalize on the hype surrounding the event. Solympics Price To Rally Over The Rounding Bottom SOLYMPICS price Chart Analysis Source: GeckoTerminal.com The S olympics price hit yesterday’s target, according to our Analysis . However, the price then went down to the $0.0022 support level, before rebounding to the $0.0032 resistance level, forming a rounding bottom pattern, according to data from GeckoTerminal . SOLYMPICS price still trades above both the 50-day and 200-day Simple Moving Averages (SMAs), affirming the bullish rally to the upside. Moreover, the Relative Strength Index (RSI) is trading up as it closes in on the 70-overbought region, currently at 69, a signal that the asset is under intense buying pressure. ...

The investing sector is all about taking calculated risks. The cryptocurrency realm is no different in this aspect. The realm is filled with risky coins that, at times, offer lucrative returns to their holders. However such coins must be dealt with with care and accuracy to produce the desired results. At the same time, a new pattern can also be decoded where certain risky coins have usually amassed robust community support. The allure of risky coins is always quite hard to resist, but with earnest research, the sector can holistically deliver the desired returns. Here are three such coins that may deliver stellar returns if explored and interacted with the utmost care and wisdom. Also Read: 10 ASEAN Countries Ready To Ditch The US Dollar For Trade Three Risky Coins to Explore Image Source: WatcherGuru Cryptocurrency #1: XRP The Ripple-XRP spat is one of the most controversial developments in the cryptocurrency realm. In 2021, the XRP token was accused of being a security, which then p...

The XRP price tumbled 2% in the last 24 hours to trade at $0.6106 as of 03:28 a.m. EST on trading volume that surged 30% to $2 billion. This comes as the US Securities and Exchanges Commission (SEC) prepares to hold a meeting today with Ripple Labs amid speculation of a possible settlement in their legal battle. With speculation on the outcome remaining positive, the XRP price has been rising steadily in the last two weeks, surging from the $0.4412 support zone, according to data from GeckoTerminal . XRP Price Aims For A Bullish Rally Over The $0.62 Resistance XRP Price Chart Analysis Source: GeckoTerminal.com The XRP price bulls are looking to stage a bullish rally, capitalizing on the ascending triangle pattern. The price of XRP is still trading above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the bullish rally to the upside. Moreover, the Relative Strength Index (RSI) drops from the overbought region, currently at 54, as it approach...

A closely followed crypto strategist says one under-the-radar decentralized finance altcoin looks ready for a big upside move. Pseudonymous analyst Credible Crypto tells his 403,900 followers on the social media platform X that he’s bullish on the native asset of the decentralized exchange and automated market maker Convex Finance (CVX). The trader shares a chart suggesting that CVX is primed to ignite a wave-three surge against the US dollar. “I think an explosive move for CVX is just around the corner. With the BTC pairing approaching major demand/support and the USD pairing already bouncing off of it – I think we are approaching a short window of outperformance on CVX. Targeting $4.70 to start.” Source: Credible Crypto/X Credible practices the Elliott Wave theory, which states that a bullish asset tends to witness a five-wave surge. According to the theory, wave three is the strongest and most impulsive wave of the rally. Based on the tra...