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An analyst who continues to build a following with timely crypto market calls believes that the stage is set for altcoins to witness a big burst to the upside. Pseudonymous analyst TechDev tells his 461,900 followers on the social media platform X that he’s looking at the two-week chart of OTHERS, which tracks the market capitalization of all crypto excluding the 10 largest digital assets and stablecoins. According to the analyst, OTHERS appears to be mirroring its setup in 2017 just before the altcoin market witnessed a parabolic surge. “Accumulation –>Markup –> Expansion… Not one bearish idea I’ve seen passes a start-of-2017 backtest. Every idea is a guess. I suggest not stating them as fact without backtesting a quick scroll to the left.”  Source: TechDev/X Looking at the trader’s chart, he seems to suggest that OTHERS is gearing up for an expansion phase similar to what happened about seven years ago after respecting the 0.382 Fibonacci level. The ch

China has acc US ed the U.S. of advancing in its plans to create an Asian version of NATO to safeguard its interests in the southern region. NATO consists of 32 countries and the majority are Western allies of the U.S. ranging from Europe and North America. The countries associated with NATO have good ties to the U.S. with plum trade deals. Also Read: 93% Oppose U.S. Plans of Creating ‘Asian NATO ’ However, China is unhappy with the U.S. planning to ally with Asian countries similar to NATO . The alliance, if created, would consist of countries including Japan, South Korea, and A US tralia, among others. The cost for the formation of the alliance stands close to $1.5 billion and could exceed further if implemented. Also Read: BRICS De-Dollarization Agenda Fails: US Dollar Supremacy Intact Will the U.S. Create an Asian NATO Spending $1.5 Billion? Source: Ron Przysucha / State Department China fears Asian NATO could dent its power in the southern region making the U.S. take control o

Cryptocurrency analyst and trader Kevin Svenson believes that altseason, a period when altcoins significantly outperform Bitcoin (BTC), is close at hand. In a new video, Svenson tells his 78,600 YouTube subscribers that his bullish thesis for altcoins is informed by the price action of Bitcoin and Ethereum (ETH). “Altseason may actually take place very soon. And the reason why I came to that conclusion is because Bitcoin broke the parabolic trend and is looking to go sideways in this range and consolidate, while the leading altcoin, Ethereum, is actually sitting in an exponential trend. So this is likely going to be the point where altcoins begin to catch up with Bitcoin. The narrative was with Bitcoin since the beginning of 2023 – BlackRock applying for the [spot Bitcoin] exchange-traded fund (ETF), the ETF being approved, the [Bitcoin] halving. All these things led up to this point and now it is time for the narrative to switch.” Source: Kevin Svenson/YouTube

1. VanEck Announces First Solana ETF Application in the U.S. link VanEck has announced the first-ever application for a Solana spot exchange-traded fund (ETF) in the United States. VanEck regards Solana as a commodity, emphasizing its blockchain’s high throughput, low fees, and robust security, making it suitable for a variety of applications including payments, trading, gaming, and social networking. VanEck also highlights that Solana combines historical proof and proof-of-stake mechanisms, supporting thousands of transactions per second and offering a superior user experience compared to Ethereum. As early as 2021, Grayscale launched its sixteenth product, the Solana Trust Fund, targeted at institutional and high-net-worth investors. The document states that the trust, its sponsor, the SOL custodian, or any other associated persons are prohibited from engaging in any activities that directly or indirectly use any portion of the trust’s SOL to earn staking rewards, generate additional

Discover how WELL3 transforms health data management, prioritizes user privacy, and rewards engagement. A new era of wellness is here! Introduction WELL3 is the pioneering Wellness Web3 platform that turned health data management into rewarding incentives. With its very unique DePIN—Decentralized Physical Infrastructure Network—and Decentralized Identity, WELL3 surprises users with unexpected airdrop events and incentives. With a base of over 1 million pre-registered users, WELL3 aims to boost wellness through safe, data-centric health experiences. This strategy allows users to raise the bar for data ownership and security while providing bespoke wellness solutions informed by AI technology. Highlights and Milestones WELL3 has succeeded in attracting over 900,000 unique users, with 17 million transactions in user-created N

The Bitcoin price tumbled 1% in the last 24 hours to trade at $61,127 as of 00:57 a.m. EST on trading volume that plunged 20% to $21 billion. This comes as the US government transferred 3,940 BTC worth $240 million to a Coinbase Prime Address. The BTC is said to have been originally forfeited from Silk Road vendor and narcotics dealer Banmeet Singh in a trial that took place in January. Update: US Government Sends $240M BTC to Coinbase Prime The US Government just moved 3,940 BTC ($240M) to Coinbase Prime. This BTC was originally seized from narcotics trafficker Banmeet Singh, and forfeited at trial in January 2024. Transaction: https://t.co/hZ1CwqWCmF pic.twitter.com/9t6k8Wdizq — Arkham (@ArkhamIntel) June 26, 2024 The wallet linked to US authorities moved $2 billion in BTC on April 2, which sparked speculation of a selloff at the time. This is the reason why, after this recent transaction, the market slid only modestly, along with BTC. Still, BTC dropped below the $62,000

Meme coin Pepe Un chain ed ($PEPU) has bagged an additional $250,000 in its presale in just 48 hours. This liberated evolution of Pepe operates on its own Layer 2 chain, freeing itself from Ethereum’s shackles, offering lower fees and 100x faster transaction speeds. Pepe Unchained presents an opportunity for those who missed the moon train of its Layer 1 predecessor to redeem themselves with even more “marvelous gains” with $PEPU. Imagine investing just $100 in $PEPE just over a year ago.  Today, that investment would be worth $118 million – a staggering 118,396,126% return. This kind of eye-popping return is virtually unheard of in traditional stock market trades. When $PEPU token gets listed on a major exchange, it is not impossible to see it replicate or even surpass the success that $PEPE achieved. Why? Well, it’s unchained. So hurry, as $PEPU currently sells for $0.0080641 but will soon increase to $0.0080964 as it moves to the n

Spot Bitcoin ETFs have entered another disturbing trend, recording outflows for one week straight. These outflows have coincided with the decline in the Bitcoin price, suggesting that the sell-offs may be directly linked to institutional sell-offs, as well as miner sell-offs. The funds have now completed seven consecutive days of outflows, so this report takes a look at what happened the last time that the outflows were this high. Spot Bitcoin ETFs Lose Money For 7 Straight Days According to data from Coinglass, Spot Bitcoin ETFs have now marked their 7th consecutive day of outflows. An interesting fact about the outflows is that they have averaged around $100 million daily, leading to around $1.2 billion pulled out from the funds so far. Related Reading Shiba Inu Enters Accumulation Zone Amid 493% In Shibarium Transaction Fees 1 day ago

In a dramatic turn, the crypto market faced a significant downturn on Monday, marking one of the sharpest declines since the resurgence of digital assets last year. Investors are now closely eyeing the $60,000 level as critical technical support for Bitcoin, hoping it will prevent further losses amidst heightened volatility. Simultaneously, Nvidia, a major player in artificial intelligence, faced a setback with a nearly 7% decline. This caused the company to lose approximately $430 billion in market value over three trading sessions, marking a historic three-day loss. On a broader scale, Bitcoin and Nvidia have delivered impressive returns over extended periods. After stabilizing on Tuesday with a modest 3% recovery to surpass $61,000, Bitcoin nevertheless reflects ongoing resilience in investor sentiment. Biggest Crypto Gainers Today – Top List Among today’s gainers are some unique projects: Aave, Nervos Network, Rowan Token, and Akash Network. Aave leads the charge with its dece