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A non-fungible token (NFT) marketplace built over the smart contract platform Solana (SOL) is seeing red after abruptly gaining support from the world’s largest crypto exchange by volume. In a new announcement, Binance says it’s adding the NFT ecosystem Doodles (DOOD) to Binance Alpha, a platform within the Binance wallet that showcases early-stage digital assets and offers futures contracts for them. “Binance is excited to announce that Doodles (DOOD) will open for trading on Binance Alpha at 2025-05-09 13:00 (UTC). In addition, Binance Futures will launch DOODUSDT Perpetual Contract with up to 50x leverage at 2025-05-09 13:30 (UTC).” Despite the news, DOOD fell through the floor, as the digital asset went from a price tag of $0.00807 on the morning of May 9th to a low of $0.00686, a 12.8% decrease during the last 24 hours. Doodles is a collection of 10,000 unique NFTs that launched in 2021, created by the pseudonymous Canadian artist Bu...

Ripple’s XRP has had a remarkable performance in November and early December 2024, earning investors’ attention and deployed capital. However, different indicators suggest that XRPL’s native token could soon experience a corrective crash, raising alerts in the trading community. On December 3, XRP achieved an all-time high (ATH) market cap of $165.74 billion at $2.90 per token despite trading at a discount from its all-time high price of $3.40. Notably, this rally placed XRP as the third most valuable cryptocurrency by market cap, surpassing Solana (SOL) and Tether’s USDT. XRP daily market cap chart (1D). Source: TradingView / Finbold / Vini Barbosa The ATH capitalization suggests a peak demand over XRP’s significant circulating supply inflation through Ripple’s ongoing unlocks and selling activities. Ripple, which is, by far, XRP’s largest holder, has recently prepared what could be its last dump in 2024. ...

This morning, MicroStrategy CEO Michael Saylor announced a 55,500-bitcoin purchase using $5.7 billion of his previously announced $42 billion capital raise. The company now owns 386,700 bitcoins (BTC) worth $37 billion. Two hours into NASDAQ’s Monday trading session, MicroStrategy’s market capitalization was $90 billion or a 2.4X multiple on its BTC holdings. Because the converted software company is essentially just a BTC acquisition company, many investors value the company as a multiple on its assets rather than a traditional multiple on sales or earnings. Saylor still has tens of billions left of the previously announced, $42 billion fundraise and will use the remainder of this round to buy more BTC. He has also forecasted additional fundraises after he closes this round. As of publication time, MicroStrategy’s average purchase price was $56,761 or 40% below BTC’s current price. MicroStrategy’s average purchase price is $56,761 — 40% below BTC...

Not long after adding PayPal (NASDAQ: PYPL) as a payment method to its network, Crypto.com introduced CFDs (Contracts for Differences), a new cryptocurrency derivatives trading feature for its app, with the goal of increasing trading opportunities for more than 40 crypto assets. Indeed, CFDs, which emulate trading an underlying asset without requiring the user to hold it, instead providing exposure to its price action so they can forecast if it will climb or decline – and profit if their predictions are correct – are already available in certain regions, the company said on September 26. Specifically, CFD trading is currently available 24/7 in the Crypto.com app in jurisdictions such as Barbados, Chile, Egypt, El Salvador, Ghana, India, Kenya, Mexico, Philippines, Vietnam, and others, while the United States, United Kingdom, and the European Union countries are waiting their turn. Picks for yo...

Bitcoin and Ethereum’s price charts currently look like mirror reflections of each other. Since the beginning of the year, both of the top crypto currencies have been moving in tandem and have seldom stepped out of each other’s shadow. Around a fortnight ago, investors were celebrating Bitcoin’s feat of inching beyond $25k and Ethereum breaking above $1.7k. Now, the tale is completely different. Due to the latest flash crash, both cryptocurrencies were trading in the red, around their mid-January levels, on Friday, Mar. 10. At press time, BTC was priced at $19.9k, while Ethereum was trading at the brink of $1.4k. BTC/USDT, ETH/USDT by TradingView Also Read: Bitcoin Dips Below $20K Halting Its Hotstreak On one hand, investors’ paper ROI has substantially shrunk of late, on the other, traders’ long positions have mercilessly been wiped out. However, a set of them managed to successfully capitalize on the downtrend by placing bets in the right ...