Gods Unchained, a digital collectible card game, topped CryptoSlam’s non-fungible token (NFT) sales chart on Wednesday for the second consecutive day, though it recorded a drop from the previous day.
Gods Unchained had over US$612,000 in sales on Wednesday, down from US$930,000 on Tuesday.
The Immutable network, where Gods Unchained resides, recorded over US$806,000 in total sales on Wednesday, which was the fifth in the industry.
Ethereum led all chains in NFT sales with US$4.37 billion.
The second-ranking collection for the day was DMarket on the Mythos network. The collection, which represents in-game items, had US$539,193 in daily sales across 26,277 transactions.
Solana Monkey Business took the third spot with daily sales of US$567,134 across 117 transactions. The Solana-based collection has been climbing the all-time charts.
It currently has US$207.7 million in all-time trades and is eyeing the 30th spot, now occupied by SATS, a BRC-20 NFT set, with US$211.4 million.
The Solana blockchain, hosting the Solana Monkey Business collection, reported total sales of US$3.13 million for the day, the second-highest sales tally among blockchains.
DogeZuki Collection on Solana came in fifth for the day with US$414,755 in sales, while c_HyPC on Ethereum came in sixth with US$338,791.
Gods Unchained, the Ethereum NFT trading card game built on scaling network Immutable X, is set to release its latest expansion "Tower of Dread" on October 10, Immutable Games announced Tuesday.
The expansion features 40 new cards, including seven legendary cards with corresponding one-of-a-kind "Mythic" variants. It continues the game's narrative as players face off against the character Thaeriel in what the company describes as "the largest battle to date."
A key addition is a new gameplay mechanic allowing players to "destroy" their cards to earn points toward discounts on expansion packs. The release also includes two new game boards and trinkets themed around gothic horror.
A screenshot from Gods Unchained's Tower of Dread expansion. Image: Immutable Games"Tower of Dread marks another step in our continued march to make Gods Unchained into the game we all know it can be," said game designer Bryn Welch, in a statement.
🌿 Character Reveal: Narcilla, The Huntress 🏹
In the shadow of the Tower of Dread 🏰, Narcilla rules the Dreadwood, leading the Pursuers who guard the forest 🌲 and track all who approach.
“No one escapes the Dread.” 🌫️
6 down, 1 to go! 🤫 pic.twitter.com/at9BbZNO2U
— Gods Unchained (@GodsUnchained) September 30, 2024
Like the previous expansion, Dread Awakening, Tower of Dread continues the collaboration between Gods Unchained and another Immutable game, Guild of Guardians. The company has described the crossover as "the first steps towards full interoperability of a gaming ecosystem."
”As we continue to improve card text and refine our processes, our small team is excited to bridge the gap and tie into GoG and future IP collabs,” Welch added.
Gods Unchained is free to play across iOS, Android, Windows, and Mac with optional NFT cards available.
Editor’s note: This article was written with the assistance of AI. Edited and fact-checked by Andrew Hayward.
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Gods Unchained, a trading card game on Ethereum layer-2 network Immutable zkEVM, announced the launch of a battle pass ahead of its upcoming season and the new Fallen Age expansion coming on February 18.
The pass, which comes has one free tier and two paid tiers of premium rewards, will be available for pre-purchase from February 9 to February 17, offering users a 25% discount on the top two tracks, Premium and Shiny which are priced at $6.99 and $39.99 respectively.
With each pass tier, users are granted perks like new exclusive cosmetics, as well core card packs and Fallen Age packs from the new expansion.
As users move up tracks, they are granted additional perks like the Gods Unchained token (GODS) on Ethereum. Purchases of Premium or Shiny tracks will offer users 28 and 47 GODS tokens respectively, approximately $3.35 and $5.63 worth at current prices, with additional GODS rewards available as they play through the season.
The Fallen Age expansion set that arrives with battle pass season one will feature 56 cards, with seven legendaries and seven mythic variants, including two new gameplay mechanic cards: “Wither” and “Raid.”
Gods Unchained released its Tower of Dread expansion pack in October. The turn-based card game is available and free to play on iOS, Android, Windows, and Mac.
Edited by Andrew Hayward
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Your favorite altcoin may be up 100% year-to-date, but make no mistake, Bitcoin is currently the alpha of the cryptocurrency pack.
Related Reading: Bears in Charge as Bitcoin Price at Risk of November 2018 Style Dump Since Bitcoin dominance hit some 32% in early-2018, altcoins have underperformed. Dramatically. In fact, dominance for the leading cryptocurrency now sits at 69% and is showing no signs of stopping its growth.
According to a recent analysis by one leading trader, Willy Woo, the carnage seen in altcoin markets may soon end — or at least may take a breather. Bag holders rejoice!
Altcoins May Soon Bottom Against Bitcoin While Bitcoin is a mere 50% lower than its all-time high of $20,000, a majority of altcoins are far from achieving that milestone. Per data from Messari’s OnChainFX, XRP, Ethereum, Bitcoin Cash, and Litecoin are among the leading altcoins that are still more than 80% down from their all-time high. This bifurcation, as aforementioned, has resulted in a surge in Bitcoin dominance.
Woo, however, believes that altcoins may soon finally find some support against Bitcoin. He posted the below image on Twitter, which shows that the altcoin capitalization-to-Bitcoin capitalization ratio and the altcoin market volume-to-Bitcoin market volume indicators are currently “heading into a region of support.”
Indeed, as the Bitcoin-centric Adaptive Capital partner chart depicts, the two aforementioned indicators are currently poised to encounter two key lines of historical support. Should history repeat itself, altcoins should bounce in the coming months, potentially to kick off what crypto traders call an “altseason”.
Related Reading: Ethereum Price Has Best Risk-Reward Ratio Ever: Crypto Venture Capitalist Woo isn’t the only analyst currently charting for altcoins to finally start baring their fangs.
Per previous reports from NewsBTC, Bitcoin dominance is nearing the apex of a rising/ascending wedge, which, is a technical pattern marked by tightening ranges and a decrease in momentum. With an ascending wedge being seen as a bearish chart structure, BTC dominance may soon collapse and an altseason may come to fruition.
That’s not all, a Telegram technical indicator group recently posted that the weekly Bitcoin dominance chart on TradingView flashed a sell nine for the TD Sequential indicator. This strongly implies a strong trend reversal for altcoins against BTC, which has the potential to last for a number of weeks.
Or Not… Despite the signals that altcoins may finally have some room to run, not everyone is convinced. In fact, 70% of more than two-thirds of nearly 4,900 respondents to a Twitter poll believe that the altcoin carnage isn’t complete. The remaining 30% think that this subset of the crypto asset class has finally bottomed.
Pure fundamentals suggest that Bitcoin may continue to steal all the limelight from altcoins.
Just look to the U.S. Securities and Exchange Commission’s recent attacks against high-profile crypto projects, like Kik’s KIN and Veritaseum, which have both been sued by the financial regulator over recent months.
Also, institutions foraying into this industry have focused nearly solely on Bitcoin. Just look to Bakkt, which will be finally coming to market this fall with its first product — physically-deliverable Bitcoin futures.
Over the past few months, Bitcoin has dominated the investment scene. Year to date, the cryptocurrency has gained some 200%, which comes as traditional assets have bled out in anticipation of a recession and due to rising macroeconomic risk.
But one not-talked-about fact is that not only is Bitcoin outperforming traditional assets but altcoins too.
CoinMarketCap data shows that Bitcoin dominance — the percentage of the cryptocurrency market’s capitalization that is BTC — has risen to 70%, which is a level not seen in over two years. Even this 70% reading, however, may be understated.
Bitcoin Really is The Crypto King Blockchain analytics firm Arcane Crypto recently released a report, accentuating that the traditional Bitcoin dominance statistic is somewhat invalid. They wrote:
“Using the price and market valuation as signal of strength is of course a weak proxy. Price is far from everything and many projects might be hugely successful without the token capturing a large market capitalization.”
They thus argued that a better way to measure a cryptocurrency’s dominance is by weighting the market capitalization of all cryptocurrencies against their trading volume, which they claimed is a measure of market liquidity.
In doing this, their research found that “Bitcoin’s market dominance is pushed well above 90%. This is true whether we use the volumes as recorded on CoinMarketCap, excluding stable coins, which are representations of other assets rather than “true” cryptocurrencies, [or Bitwise’s “Real Ten” exchanges].”
Their research has been indirectly corroborated by a comment from a prominent crypto fund manager.
Speaking on the “Citizen Bitcoin” podcast recently, Murad Mahmudov, a former Goldman Sachs banker, explained that Bitcoin, by many measures, is the only liquid cryptocurrency on the market. He even explained that if you were to place a $1 million sell order of any top 15 cryptocurrency save for Bitcoin, you could crash the market.
Why is Bitcoin Outperforming? As reported by Blockonomi previously, Binance’s research division believes that much of this underperformance stems from a “flight to quality” from low-quality altcoins to the market leader.
You see, the countless altcoins that were propped up in 2017 and early-2018 have failed to deliver. Even bigger names in the cryptocurrency space have underperformed investors’ expectations.
That’s not all. The investors that are foraying into this industry are focusing their sights on Bitcoin. Just look to the media coverage of the cryptocurrency space. Notice how they don’t mention Ethereum, Litecoin, or Bitcoin Cash, but just Bitcoin.
This tacit “maximalism” has been reflected in institutional investors making sorties into this space. There’s a reason why Bakkt, the New York Stock Exchange-backed crypto startup, is starting with Bitcoin futures, not Ethereum futures or an altcoin basket ETF.
And to top it all off, regulators have taken a heavy stance against altcoins, especially those issued via a token sale or generation event. The U.S. Securities and Exchange Commission (SEC) has recently begun to wage war against ICOs, bringing lawsuits against Veritaseum and Kik’s KIN, for instance.
These cases have resulted in massive sell-offs for these tokens and have likely only added to the anti-altcoin sentiment currently brewing in the market.
With Bitcoin and Ethereum being the only two digital assets really signed off on by the SEC, traders are likely focusing their investment in these areas to avoid potential regulatory risks.
Do Altcoins Have Any Hope? This may leave you wondering if Bitcoin will continue to dominate.
According to a number of cryptocurrency venture capitalists and investors, Bitcoin’s strength against altcoins — well at least Ethereum — may soon end. Placeholder’s Chris Burniske recently wrote that Ethereum is currently like Bitcoin in 2014 in 2015, which is when the cryptocurrency exhibited “the best risk/reward period for investors”.
His tweet implied that Ethereum’s fundamental momentum and price are bifurcating, but that should history repeat, ETH’s value could soon surge.
1/ $ETH is enduring its 1st mainstream bear market, just as $BTC did in 2014/15.
In retrospect, 2014/15 was the best risk/reward period for investors to get BTC exposure.
— Chris Burniske (@cburniske) August 20, 2019
Nick Chong
I am a writer who has been following the cryptocurrency space since 2013. My insights and interviews have been featured in leading publications in the industry such as LongHash, NewsBTC, and Decrypt. When I am not writing, I work as a team member of the EXODUS division of HTC, a Taiwanese electronics company. I own a small amount of Bitcoin. Contact [email protected]
The U.S. Securities and Exchange Commission (SEC) seems to be waging a war against the crypto ecosystems. Over the past few months, the American financial regulator has continued to take action against industry firms that it deems in violation of securities laws.
On Thursday, the SEC revealed that it had settled a massive $10 million case with an unregistered cryptocurrency platform.
Crypto Firm Charged Millions For “Defrauding Investors” Announced in a press release published on Thursday, the SEC has settled charges with Bitqyck, a Dallas-based cryptocurrency exchange, and its founders for offering security-like cryptocurrencies and making false statements about its product.
The SEC’s complaint claims that Bitqyck and two founders Bruce Bise and Sam Mendez created and distributed Bitqy and BitqyM without the proper licenses. These sales of the two digital assets affected 13,000 investors and raised more than $13 million.
It was also proposed that platforms affiliated with the cryptocurrencies were operating in bad faith. QyckDeals was purportedly misrepresented as a global marketplace, offering certain products that were not bonafide.
One product QyckDeals sold was “smart contract” ensured fractional shares of Bitqyck. David Peavler, the Director of the SEC’s Fort Worth Office, called these “shares” “very alluring, [as] investors believe they are getting in on the ground floor and will own part of the operations.” Other parts of Bitqyck’s business was also alleged to be fraudulent, including promised “interest payouts” to BitqyM investors and touted a supposed “cryptocurrency mining facility.” Peavler stated in a press comment:
“We allege that the defendants took advantage of investors’ appetite for these investments and fraudulently raised millions of dollars by lying about their business.”
To settle, “Bitqyck, Bise and Mendez consented to final judgments agreeing to all the injunctive relief”. The company itself paid pay disgorgement, prejudgment interest and a civil penalty of $8,375,617. And the founders paid around $850,000 apiece, paying back a majority, if not all of the ill-gotten gains obtained from the operation of Bitqyck.
One of Many Cases As hinted at earlier, this is one of many recent cases the SEC has taken up against members of the cryptocurrency industry.
Earlier this month, the SEC charged ICO Rating, a Russian entity that was focused on research, reviewing, and rating initial coin offerings, for failing to disclose that some reviews were pay-for-play. The firm purportedly agreed to pay just under $270,000 to settle charges. It was also indicated that the SEC believes ICO Rating “produced research reports and ratings of blockchain-based digital assets”, including “tokens” or “coins” that were clearly securities.
A few weeks earlier, an emergency case was filed against Veritaseum, once a popular cryptocurrency project, to stop its founder and the company itself from spending the proceedings of its ICO. Similar to the case against Bitqyck, the SEC purported that Veritaseum made serious misrepresentations about its product.
The governmental agency may not be stopping any time soon, though. In a Bloomberg interview published just the other day, Chairman Jay Clayton asserted that he won’t change securities laws to accommodate cryptocurrencies. While Clayton stated that he isn’t anti-innovation, he thinks the SEC giving this industry some leeway isn’t rational.
The SEC’s commissioners are expected to rule on three Bitcoin exchange-traded fund (ETF) proposals in the coming three months. Despite all the aforementioned cases, pundits are hopeful that the SEC will finally approve a product to give institutional investors a way to invest in the industry.
Nick Chong
I am a writer who has been following the cryptocurrency space since 2013. My insights and interviews have been featured in leading publications in the industry such as LongHash, NewsBTC, and Decrypt. When I am not writing, I work as a team member of the EXODUS division of HTC, a Taiwanese electronics company. I own a small amount of Bitcoin. Contact [email protected]
On Monday evening, as many in the American crypto community were calling it a day, the U.S. Securities and Exchange Commission (SEC) made a jaw-dropping announcement.
Revealed in a press release published at around 7:00 pm EST, the American financial regulator revealed that it had “settled charges” against the creator of the EOS blockchain. Block.one, for “conducting an unregistered initial coin offering”.
This marks one of the biggest — if not the biggest — crypto-related enforcement actions from the SEC to date.
SEC Issues $24 Million Over EOS ICO According to the press release published on Monday evening, Block.one has settled charges with the SEC “by paying a $24 million civil penalty.”
The blockchain giant, which operates in Blacksburg, Virginia, and Hong Kong, “consented to the order without admitting or denying its findings”, the SEC wrote.
For those unaware, the tension between the SEC and Block.one stems from the latter entity’s year-long sale of EOS tokens that raised some $4.1 billion — a record by a long shot for an ICO.
The SEC remarked in the release that “Block.one did not register its ICO as a securities offering pursuant to the federal securities laws, nor did it qualify for or seek an exemption from the registration requirements”.
Steven Peikin, Co-Director of the SEC’s Division of Enforcement, argued that Block.One did not provide participants in the sale “the information they were entitled to as participants in a securities offering”.
He added that it is the SEC’s mission to clamp down on firms that deprived investors of material “they need to make investment decisions.”
While $24 million is obviously not a small sum of money, the sum of the settlement paid shocked crypto pundits. Nic Carter, a co-founder of Coinmetrics, noted that Block.one paid 60 basis points (0.6%) of the billions it raised in the sale — effectively nothing in the grand scheme of things.
Others echoed Carter’s concerns, drawing attention to what they claim is just a slap on the wrist, not an all-out enforcement event. Block.one, for instance, spent $30 million on a domain name earlier this year, making $24 million seem much like pocket change.
Despite these concerns over the severity (or lack thereof) of the settlement, it seems that with the $24 million fine, the case is done and dusted.
My mind is absolutely blown by this block one news.
The SEC looked into all the gory details and decided to settle for 60 bips of what b1 raised. WTF
— nic ???? carter (@nic__carter) September 30, 2019
Block.one “Excited” to Resolve Matters To the point and very blunt, the SEC release left much to be desired for, specifically in regards to a response from Block.one itself and the details of the settlement.
As such, the blockchain development firm came out with its own statements in a press release dated October 1st, 2019. In it, Block.one revealed that the settlement “relates specifically to the ERC-20 token sold on the Ethereum blockchain” during the ICO, not the new token that exists on EOS’s own chain.
It was also revealed that with this settlement, the SEC has granted Block.one “an important waiver” so that it will “not be subject to certain ongoing restrictions that would usually apply with settlements of this type”, cementing the idea that the settlement has resolved any current dispute between Block.one and the SEC.
Block.one concluded in the press statement:
“We are excited to resolve these discussions with the SEC and are committed to ongoing collaboration with regulators and policy makers as the world continues to develop more clarity around compliance frameworks for digital assets.”
More to Come… While Block.one’s case is “one and done”, it may be that the SEC isn’t done with big names in crypto just yet.
Over the past few months, the American agency has been on an absolute killing spree against the crypto space, charging firms left and right for seeming wrongdoing. Earlier this year, it went after another high-profile case, bashing Canadian social media company Kik’s $100 million dollar ICO; just a few months back, it aimed to prevent the company behind once-massive altcoin Veritaseum from spending ICO proceedings.
The fact that the SEC went after Block.one, which ran the largest ICO ever, and other top companies in the cryptocurrency sector may be a sign of impending enforcement.
Nick Chong
I am a writer who has been following the cryptocurrency space since 2013. My insights and interviews have been featured in leading publications in the industry such as LongHash, NewsBTC, and Decrypt. When I am not writing, I work as a team member of the EXODUS division of HTC, a Taiwanese electronics company. I own a small amount of Bitcoin. Contact [email protected]
Cryptocurrency exchange Binance announced that it will suspend deposits for the altcoin TROY (BSC) starting January 2, 2025. This decision was made due to a potential security issue related to the TROY-BEP20 token contract. The exchange emphasized that this action was taken to ensure user security.
Binance Ends Support on BSC NetworkBinance stated that it will no longer support TROY coin deposits through the BNB Smart Chain (BSC) network. The company mentioned that it attempted to communicate with the project team to verify the collateral situation concerning coins issued on the BSC network. However, it was emphasized that the project team did not provide adequate explanations regarding the matter.
Binance TROY (BSC) AltcoinThe cryptocurrency exchange specified that it would only resume deposits for TROY once it is deemed secure. Additionally, it was noted that no separate announcement would be made regarding this issue.
Ethereum Network Transactions UnaffectedOn the other hand, Binance announced that users can continue to deposit and withdraw TROY through the Ethereum $1,623 network. The cryptocurrency exchange indicated that these services are not affected by the aforementioned security concerns. Binance also added that it aims to contribute to the transparency and sustainable growth of the cryptocurrency ecosystem while prioritizing user safety.
Such actions in the cryptocurrency market are a continuing concern for users. Measures taken by major exchanges like Binance are significant for the reliability of the sector. Users must closely monitor such announcements and plan their transactions accordingly.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
TROY price nosedived 40% after Binance suspended deposits for its BEP20 token due to security concerns. The exchange cited issues with verifying the token’s collateral on the Smart Chain, leading to the suspension and a halt in network support. While Ethereum-based services remain unaffected, the lack of clarity from the TROY project team has fueled market uncertainty, leaving investors anxious about the token’s future stability.
TROY Price Crashes After Binance Suspends BSC Deposits On January 3, Binance announced suspension of TROY-BEP20 deposits on the Smart Chain (BSC), citing a potential security issue. The exchange stated that the decision was made to protect users, as concerns emerged about the token contract’s collateral verification. The suspension, effective January 2, has significantly impacted market sentiment, causing a sharp 40% drop in TROY price.
In its announcement, top exchange clarified that it would no longer support the token on the BSC network until the issue is resolved. The exchange is actively working with the TROY project team to verify the collateral tied to the minted tokens.
However, the top crypto exchange also noted that the project team has not provided sufficient clarification, leaving the situation unresolved. While the exchange mentioned that deposits could reopen if the token is deemed safe, no specific timeline has been offered, and further announcements are unlikely.
The suspension only affects the Binance Smart Chain, as Ethereum-based deposits and withdrawals for TROY remain functional. Despite this, the incident has raised concerns about TROY’s overall stability. Investors and market participants have criticized the lack of transparency from the TROY project team, which has further eroded confidence in the token’s reliability and long-term prospects.
How’s The Crypto Performing? TROY price was currently trading at $0.0047, marking a steep 42% decline in the last 24 hours. The token’s 24-hour low and high were recorded at $0.00357 and $0.00813, respectively. The market cap is $41 million, and the trading volume is $522 million. The price crash shows increased selling pressure and reflects growing investor panic.
Troy Trade, the platform behind the TROY token, offers a complete solution for crypto trading and asset management. It provides services like spot trading, margin trading, and liquidity aggregation. The platform simplifies trading for both institutional and individual users. However, the ongoing security concerns and suspension of BSC deposits have cast a shadow on its reputation.
Binance has a track record of influencing market dynamics with its decisions. The delisting of WazirX (WRX) caused a 50% price crash. This highlights the significant impact of the leading crypto exchange’s actions on the broader market.
A 71-year-old digital artist in India fell victim to scammers pretending to be an NFT art dealer.
According to a local report, Shivaprasad R (name changed), a practicing chartered accountant (CA), lost INR 1.58 lakhs (approximately $1895) in fees to the scammers who promised to buy out his art.
Shivaprasad is a professional artist whose work has been featured in several local exhibitions and posted on Instagram and Facebook. In October 2023, the scammers, claiming to be an “NFT art dealer,” introduced the artist to a platform dubbed nfttradeplace.com.
The scammer told the victim that they would like to purchase his paintings for 42 ETH, or INR 1.09 crore, a significant sum in India. The negotiations were all held virtually, via email and Facebook.
The digital artist took up the offer and listed three of his artworks for 10 ETH and another one for 12 ETH. On February 1, 2024, the victim was asked to pay 0.115 ETH to the scammer’s platform as a “gas fee.”
“The victim made the payment from his crypto wallet, which he set up at the scammer’s behest,” a cybercrime investigator was quoted saying.
Following the completion of his first sale, the artist requested a withdrawal of 6 ETH from his earnings. However, despite waiting for days, no transaction was initiated. Upon checking again, Shivaprasad was asked to pay a “delay fee” for supposedly holding up the withdrawal of his cryptocurrency.
“This delay fee was never discussed nor was it exhibited on the website,” the victim said in a statement.
He added that since he wasn’t in possession of any ETH, he had requested the scammers to accept the delay fees in fiat currency. The scammers agreed to this request, and the victim went on to make four payments to the accounts of Mohammed Ekramul Haque and Mohammad Farooq. It has not been confirmed whether these people are the masterminds behind this scam.
Shivaprasad made the last payment to the scammers on March 15. He noted that the platform “kept asking [him] for further payments” to be able to withdraw his 6 ETH.
This was when the victim realized that his NFT clients had duped him. On April 17, the victim contacted the cyber police and filed charges under 66C (punishment for identity theft) and 66D (punishment for cheating by personation by using computer resources) of the Information Technology (IT) Act and 420 (cheating and dishonestly inducing delivery of property) of the Indian Penal Code (IPC).
“It is highly difficult to trace cryptocurrency trails. As of now, bank details and domain details of the email address used by the scammers have been sought,” an officer familiar with the matter said.
Cryptocurrency scams have seen a significant uptick in India, despite crackdowns from local authorities. Last week, the nation’s Enforcement Directorate (ED) launched an investigation into a $800 million Ponzi scheme involving a Bollywood celebrity.
Prior to that, a job recruitment scam was flagged in the nation, which saw scammers draining their victims’ crypto wallets using spyware disguised as applications touted as essential for the onboarding process.
Hyperliquid has overtaken Solana on a fully diluted valuation basis, according to Arkham, adding a new market marker to one of crypto’s most closely watched comparisons: the rise of application-heavy, revenue-generating chains.
Arkham summarized the move directly on X, writing: “Hyperliquid has flipped Solana by FDV.” The accompanying Solana market page shows SOL trading around $86.51, with a fully diluted valuation of roughly $54.22 billion, a circulating market capitalization near $49.99 billion and 24-hour volume of about $2.74 billion. The same screen listed Solana’s current supply at 577.86 million SOL and max supply at 626.75 million SOL.
On Arkham’s Hyperliquid page, HYPE was shown trading at $56.71, giving the network a fully diluted valuation of about $54.57 billion. That puts it slightly above the Solana FDV shown in Arkham’s Solana screenshot, at roughly $54.22 billion. The comparison is notable because Hyperliquid’s circulating market capitalization was much smaller, at about $13.28 billion, reflecting a current supply of 238.39 million HYPE against a max supply of 962.27 million. Arkham also showed 24-hour HYPE volume of roughly $1.20 billion, with the token trading near its listed all-time high of $59.30.
Hyperliquid has flipped Solana by FDV. pic.twitter.com/rDF5FRg4TK
— Arkham (@arkham) May 21, 2026
Hyperliquid And Solana Lead All ‘Revenue Chains’ The FDV flip comes as Hyperliquid has also been showing up at the top of crypto revenue rankings. In post on X, Bitwise CEO Hunter Horsley lists Hyperliquid with $790.55 million in total revenue, ahead of Solana at $532.34 million. TRON followed at $471.20 million, while Ethereum was shown at $425.56 million.
Horsley framed the comparison less as a zero-sum fight between HYPE and SOL and more as evidence of a broader category emerging inside crypto.
“There’s a new class in crypto: the revenue chains,” Horsley wrote. “The leaders are Hyperliquid & Solana. Both do some overlapping things, and some different things. Both have exceptional communities, usage, use cases, etc.”
That framing matters because the Hyperliquid-Solana comparison is not purely about market capitalization. It is also about where users, liquidity and trading activity are concentrating. Hyperliquid’s revenue profile has become central to the HYPE thesis, while Solana remains one of the largest high-throughput ecosystems in crypto, with broad activity across trading, DeFi, consumer applications and token issuance.
Horsley argued that both networks are positioned around the same structural tailwind: capital markets moving onchain. “I think that both will rise together, just as iOS and Android both rode the structural adoption of mobile,” he wrote. “In the case of the revenue chains, they are riding the wave of capital markets coming onchain.”
Solana Camp Downplays Rivalry Solana co-founder Anatoly Yakovenko also pushed back against the idea that Hyperliquid’s rise should be treated as a threat to Solana’s roadmap. Responding to a post about Hyperliquid, Yakovenko wrote: “I am not worried about someone else succeeding. Whether hype succeeds or not isn’t going to change what I or the rest of the Solana ecosystem will be working on.”
Yakovenko once again presented Solana-based Phoenix Trade as a better version of Hyperliquid: “Try Phoenix Trade my HL brother.”
Meanwhile, Horsley highlighted the success of both. “If you are rooting for HYPE or SOL or both, success will be less about the competition between the two — healthy ofc — but rather the rise of onchain capital markets,” he wrote. “Root for capital markets coming onchain.”
At press time, HYPE traded at $58.354.
HYPE approaches it September 2025-high, 1-week chart | Source: HYPEUSDT on TradingView.com Featured image created with DALL.E, chart from TradingView.com
This was supposed to be the good-news day. The US-Iran peace deal is signed, oil is down 9%, and the war that crushed crypto in May is officially over. Yet Bitcoin is sliding below $63,000 and the week’s bounce is fading. The reason is simple and a little uncomfortable: one hawkish Fed meeting is outweighing a peace deal. Here is what’s happening with BTC and ETH, and the bigger question now hanging over the market.
Bitcoin is trading near $62,547 on June 19, 2026, down about 0.3% on the day and roughly 2.9% over the week, slipping below the $63,000 level (live prices on CoinGecko). Ethereum sits near $1,693, down about 0.1% on the day but still up around 1.8% on the week, continuing to hold up better than Bitcoin. BTC’s market cap is around $1.25 trillion, ETH’s near $204.5 billion.
The strange part is the backdrop. This should be a risk-on day, and instead crypto is drifting lower. Here is why.
Good news that isn’t moving the market The US-Iran peace deal was formally signed today, June 19, in Switzerland. President Trump authorized reopening the Strait of Hormuz, the naval blockade is lifted, and oil prices have fallen about 9%. Lower oil is disinflationary, which in theory eases the pressure on the Fed and helps risk assets like crypto.
So why is Bitcoin falling? Because the market has already moved on. The peace deal was telegraphed for days and is now priced in, a classic “buy the rumor, sell the news” outcome. More importantly, investors are rotating attention toward stocks and away from crypto, and the one thing dominating sentiment is not Iran. It is the Fed.
The Fed is still the story Wednesday’s FOMC meeting continues to cast a long shadow. The Fed held rates but delivered a hawkish dot plot: nine of 18 officials now project a 2026 rate hike, the year-end median jumped to 3.8%, and new Chair Kevin Warsh scrapped forward guidance entirely. The message was that rate cuts are off the table for 2026, possibly until 2027 or later.
That hawkish reality is now outweighing the Iran relief. Analysts at Marex describe crypto positioning as “defensive and thin” after the Fed, meaning traders are cautious and trading volume is light. In a thin market, prices drift, and right now they are drifting down. The peace deal removed a headwind, but the Fed added a bigger one, and the Fed is winning.
Why Ethereum is still holding up better The one bright spot remains Ethereum’s relative strength. ETH is up about 1.8% on the week while Bitcoin is down 2.9%, continuing a divergence that has held through the week.
ETH’s resilience comes from its own demand drivers: treasury firms like BitMine accumulating aggressively, ETF inflows returning, and the Glamsterdam upgrade on track for the second half of 2026. There is also the rotation question. After months of rising Bitcoin dominance during the crash, some capital appears to be rotating toward Ethereum, which historically leads when altcoins start to recover. Whether that continues is tied to the biggest question now facing the market.
The big question: will there be an altseason at all? Here is what traders are really debating after this week. With oil down, the Iran deal signed, and the macro picture clearing in some ways but tightening in others, the question is whether this cycle delivers an “altseason,” the period when altcoins outperform Bitcoin, at all.
The case against: a hawkish Fed, high rates, and rising Bitcoin dominance all delay altseason. Capital concentrates in Bitcoin during uncertainty, starving altcoins. The case for: Ethereum’s relative strength this week, returning ETF inflows, and structural institutional interest in ETH and other majors are the early ingredients of a rotation. ETH leading on the week is exactly what the start of an altseason looks like. The honest answer is that it is unresolved, and the next few weeks of Fed signals and dominance trends will decide it.
BTC and ETH: Key Levels to Watch Bitcoin: $62,000 is the immediate support, with the critical $60,000 floor below it that has held three times. On the upside, reclaiming $64,350 and then $66,000 would revive the bounce. A break of $60,000 would be a serious bearish signal.
Ethereum: $1,650 is the key support analysts are watching, with $1,600 below it. On the upside, ETH needs to reclaim $1,800 and then $2,000 to confirm its relative strength is turning into real leadership.
Bottom line Bitcoin at $62,547 and Ethereum at $1,693 are drifting lower as the week’s bounce fades, with a signed Iran peace deal failing to override the hawkish Fed. The macro tug-of-war is clear: geopolitical relief on one side, tighter-for-longer monetary policy on the other, and right now the Fed is winning.
Ethereum’s continued relative strength is the one encouraging signal, and it ties directly to the question of whether an altseason is coming. Watch Bitcoin’s $60,000 floor and Ethereum’s $1,800 resistance. Those two levels, plus the next round of Fed signals, will decide whether this fade is a pause or the start of another leg down.
FAQ What is the Bitcoin price today?
Bitcoin is trading near $62,547 on June 19, 2026, down about 0.3% on the day and 2.9% on the week, slipping below $63,000 as the week’s bounce fades despite the signed Iran peace deal.
What is the Ethereum price today?
Ethereum is trading near $1,693 on June 19, 2026, down about 0.1% on the day but up roughly 1.8% on the week, continuing to outperform Bitcoin.
Why is crypto falling despite the Iran peace deal?
The peace deal was priced in ahead of the June 19 signing, a “sell the news” outcome. More importantly, Wednesday’s hawkish Fed meeting, which signaled possible 2026 rate hikes, is outweighing the geopolitical relief and keeping crypto positioning defensive.
Why is Ethereum outperforming Bitcoin?
Ethereum benefits from aggressive treasury accumulation by firms like BitMine, returning ETF inflows, the upcoming Glamsterdam upgrade, and a rotation of capital toward ETH as Bitcoin dominance potentially peaks, an early sign of possible altcoin strength.
Will there be an altseason in 2026?
It is unresolved. A hawkish Fed and rising Bitcoin dominance delay altseason, but Ethereum’s relative strength, returning ETF inflows, and structural institutional interest are early ingredients of a rotation. The next few weeks of Fed signals and dominance trends will decide it.
What are the key levels for BTC and ETH?
Bitcoin support is $62,000 then the critical $60,000 floor, with resistance at $64,350 and $66,000. Ethereum support is $1,650, with resistance at $1,800 and the key $2,000 level.
This is not investment advice. Cryptocurrency is highly volatile. Always do your own research and never invest more than you can afford to lose.
Compound, the builders behind one of the most popular decentralized finance apps on Ethereum, just raised an impressive $25 million war chest in a Series A fundraising round that was backed by some of the cryptocurrency arena’s biggest investors.
Revealed on November 14th, the Series A raise saw venture capital firms like Andreesen Horowitz (a16z), Polychain Capital, Paradigm, and Bain Capital Ventures, throw a new round of chips behind the promise of the DeFi app’s future and growing ecosystem. a16z was the raise’s largest investor, although at an unspecified sum.
With the new funding secured, Compound chief executive officer Robert Leshner told Fortune that the name of the name going forward will be making the project’s crypto lending services readily usable by mainstream, non-tech users. As a step in that direction, Leshner said the DeFi protocol will be integrated with other major cryptocurrency companies, e.g. Coinbase, by the end of next year .
And while the Compound team is the main driving force behind its associated dApp, the company plans to continue phasing out their direct stewardship in favor of a more decentralized governance process. To that end, Leshner said:
“As with Bitcoin, we want to ensure that no one, including the company that built it, can exert undue influence on Compound’s protocol. Corporations come and go but we want to build a protocol that lasts forever.”
Of course, lasting forever is a big aim; but that Compound will last a long time already seems clear considering all the other rising Ethereum DeFi “money lego” projects that are currently relying on Compound’s open infrastructure.
Take the example of InstaDapp, which recently raised its own seed round of $2.4 million on the appeal of its automated “bridge” for crypto lenders wanting to move positions between Compound and Maker and vice versa. For context, both Maker and Compound are currently in the top three DeFi projects per value locked within their protocols according to tracker site DeFi Pulse.
a16z: a Big DeFi Believer Both in word and in deed, powerhouse private venture capital firm a16z has been betting big on DeFi.
First, the firm made waves last fall when its crypto arm conducted a “strategic purchase” of MakerDAO’s MKR governance token, which is used to guide the growth of the popular Dai stablecoin. In spending $15 million on the acquisition, a16z bought up six percent of the entire MKR supply at the time.
The VC firm also created a buzz last month when it bought up $235,000 worth of SNX, the associated token of Synthetix, another current top 3 DeFi project per DeFi Pulse that lets users create synthetic assets on Ethereum.
Now with a16z’s investment in the Compound team, the company has completed the “skin in the game” trifecta where decentralized finance’s biggest fledgling projects are concerned. On the news of Compound’s Series A raise, general partner Chris Dixon hailed the project as poised to achieve:
“Compound is a lending protocol that is open to anyone in the world, that disintermediates banks and allows anyone to earn interest on their money. We’ve worked with Robert [Leshner] and his team for over two years and think they are world class technologists and entrepreneurs.”
But a16z isn’t just content to back the promising DeFi projects of today, as the firm is also interested in fostering the next waves of innovation in the sector. Last week, the company unveiled its new Crypto Startup School (CSS), a seven week educational program for crypto startup founders.
“We think that sharing the most important lessons we’ve learned could accelerate the development of existing projects, and inspire more talented people to join the space,” Chris Dixon said of the program.
William M. Peaster
William M. Peaster is a professional writer and editor who specializes in the Ethereum, Dai, and Bitcoin beats in the cryptoeconomy. He's appeared in Blockonomi, Binance Academy, Bitsonline, and more. He enjoys tracking smart contracts, DAOs, dApps, and the Lightning Network. He's learning Solidity, too! Contact him on Telegram at @wmpeaster
PancakeSwap, a well-known DEX, partners with Stryke (once Dopex) to accommodate the first-in-class CLAMM Options Trading. This joint initiative the next step for DeFi, as it brings for the first time options trading to the Ethereum sidechain. by providing the domestic options traders with some A-CLAMM formats, will be able to take advantage of numerous flexibility and possibilities the market offers.
PancakeSwap and Stryke CLAMM options trading CLAMM Options Trading, a freshly introduced type of decentralized finance (DeFi) trading that has the SDT options, is all set to make change in the DeFi trading landscape by offering American style options with expirations ranging from one-hour to 24 hours.
⚡Stryke integrates with @PancakeSwap
This provides PancakeSwap users with direct access to our CLAMM product on an interface they are familiar with. Existing Stryke users gain deeper liquidity by selecting PancakeSwap as the underlying DEX.
Try it here:… pic.twitter.com/WXbws3hZK7
— Stryke ⚡ (@stryke_xyz) April 8, 2024 Such a forward-looking solution, by targeting diverse segments of the trading and investment settings, is designed with the first markets ARB/USDC, WETH/USDC, and WBTC/USDC being considered as well. American style options, famous for their attenuation, provide a single chance to execute the contract as soon as it occurs to the holder, and if he wishes, to take advantage of the volatile situation and to exit the market.
Derivatives mainly include two types of options, which are the financial derivatives that provide buyers with the right, but not the duty, to buy or sell an underlying asset at a previously assigned price until an announced date.
This facilitates the buyers to protect themselves against potential losses to the money paid for the option by setting the upper level of losses at the level of the premium. This puts the option in a very valuable spot for managing financial risk.
The coupling between the PancakeSwap and the Strike online platform provides a new platform wherein user’s could perform options trading, on-chain options liquidity provision, colleting premiums, and earning swap fees.
Revolutionizing DeFi By the partnership, an innovation of liquidity model of CLAMM options trading is also revealed as the outcome. Psychician swaps offer liquidity to CLAMM option, in turn making pancake swap version 3 (v3) pool. This reduces trading transactions it enables liquidity to be extracted by making a v3 pool of the options when purchased, where liquidity provider provides options for sale and receives premiums.
This arrangement guarantees that the v3 pool will hold any extra sources that have not been traded and that the trade fees are being collected as long as the pool rates remain within a range correlating to the market if the pool rate rises above the upper point.
This inventive liquidity procedure in turn makes option selling users minimize their risks, the payoff system of v3 liquidity with selling is resonate. Therefore, in this process, participants’ risks are not higher than with a classical liquidity provision in the financial market.
The method also takes care of liquidity handling efficiently so that the balance of tokens or initial liquidity can be kept consistent without possessing high risk associated with both unresponsive buy support from options buyers and liquidity range pockets.
Pioneering CLAMM options to transform DeFi trading landscape Pancakeswap and Stryke’s partnership is a whistleblower in the DeFi environment because it offers the much-needed product called CLAMM on a familiar interface to be used by PancakeSwap users. Moreover, the current Stryke users’ benefits will be made deeper by their capacity to do choose PancakeSwap from initial DEX when settling transactions.
This partnership does not only boost the current options trading market within DeFi but most importantly, it depicts an imperative move taking PancakeSwap’s v3 token pool to new digital frontier through hard working team of developers.
With the open-source framework for DeFi (Decentralized Financial) ecosystem still evolving, the emergence of CLAMM Options Trading by PancakeSwap and Stryke is bound to be a turning point of DeFi in terms of future evolution of decentralized trading.
This cooperation reveals opportunities for partnerships as well as bestows professionals, investors and halvers with new tools to cope with the volatile digital asset ecology. Flexibility, liquidity and efficiency are the smartest words to describe CLAMM Options Trading. It will make DeFi feature invsestin real time, what makes DeFi a preferred toolset by users who would like to try new strategies and opportunities.
The crypto market shows signs of recovery with Ethereum climbing back above the $2,000 level, while several altcoins including Wormhole (W), DIONE, and Magnetix (MAG) post double-digit gains in the past 24 hours.
Wormhole (W) has jumped 41.7% in the last 24 hours, trading at $0.1218 from a low of $0.08551. The token’s momentum extends beyond the daily timeframe, with nearly 40% growth over the past week.
Source: CoinGecko One commentator on X noted that Wormhole has established itself as one of the most active interoperability networks, processing approximately 200,000 messages and $40 million in daily volume.
The platform currently holds a total value locked (TVL) of $2.5 billion.
#Wormhole is currently one of the most active interoperability networks, processing 200,000 messages and $40 million in volume daily, with a total value locked (TVL) of $2.5 billion. Even though $W has experienced a significant decline from $1.4 to $0.08, it has the potential to… pic.twitter.com/jNVnTpv6Uu
— JLPicard (@JLPicardd) March 19, 2025 Despite W’s previous drop from $1.40 to its current price, the current trend suggests Wormhole could eventually reach a target of $1.90.
The recent RSI breakout on the daily chart is a positive indicator, the observer noted.
Wormhole is currently down 92.8% from its all-time high of $1.66.
Another member of X’s crypto community, gemxbt, shared W’s bullish breakout with strong positive price action. The analyst identifies key support around $0.0800 and resistance at the recent high of $0.1100.
While the RSI above 70 indicates potentially overbought conditions, the MACD suggests a continued upward price surge.
the chart for $w shows a bullish breakout with strong upward momentum. key support is around $0.0800, while resistance is at the recent high of $0.1100. rsi is above 70, indicating overbought conditions, but the macd suggests continued upward momentum. consider entering on a… pic.twitter.com/fsZnEnvDim
— gemxbt (@gemxbt_agent) March 23, 2025 Another top gainer, DIONE, has surged 33.2% in the past 24 hours from $0.002676 to reach $0.003602.
The current rally adds to DIONE’s decent performance of 70% growth over the past week and 95% over the last 30 days.
The price action coincides with DIONE’s upcoming “Week 4 FOMO” event from March 24 to March 28. This event has generated buying interest ahead of the launch.
The third coin on the list is Magnetix, which has climbed 25.5% in the last 24 hours, trading at $0.03515 from $0.028.
MAG’s recent performance has been particularly strong, with a 150% increase over the past week.
The Solana (SOL)-based meme coin recently appeared on Binance’s top 100 new cryptocurrencies list. MAG also reached a new all-time high of $0.03575 today and has achieved a market capitalization of $35 million.
Coinbase, the leading crypto exchange in the US, recently announced that it will include Stader (SD) in its asset listings roadmap.
This announcement spurred a dramatic surge in SD’s price.
SD Token Price Surges Amid New ListingsAccording to BeInCrypto’s data, SD has risen nearly 104% from $0.417695 to $0.850730 within just four hours. Despite the initial surge, SD’s price has stabilized. It is trading at $0.642826 at the time of writing.
Read more: Top 7 High-Yield Liquid Staking Platforms To Watch in 2024
SD Price Performance. Source: BeInCryptoStader is a non-custodial, multi-chain liquid staking platform. It offers users access to some of the most rewarding decentralized finance (DeFi) opportunities across Proof-of-Stake (PoS) networks. These include Ethereum, Polygon, BNB, and Hedera.
SD, Stader’s native token, is an ERC-20 token with a maximum supply of 120 million. This token boasts multiple utilities, including a unique SD Utility Pool, liquidity mining incentives, and a governance role within the Stader protocol.
Stader distinguishes itself from native Ethereum staking by lowering the capital commitment for node operators. Instead of the 32 ETH required for native staking, Stader allows node operators to maintain the network with just 4 ETH.
This reduced bond is supplemented by liquid stakers, enabling the issuance of the ETHx token and representing the entire stake. Furthermore, Stader offers users a 50% reward boost, resulting in a reward rate exceeding 6%, while node operators can earn up to 35% more yields with 8x leverage on their staked ETH.
ETHx Restaking Launch and Chainlink Integration Elevate Stader’s DeFi GameIn December 2023, Stader’s ETHx became an accepted liquid staking token (LST) for restaking on EigenLayer. Starting December 18, 2023, users can restake their ETHx.
They can participate either directly on EigenLayer or through the Early Queue on Kelp DAO. These options aim to maximize the rewards for ETHx holders and enhance the staking experience.
Stader also integrated Chainlink CCIP across the Ethereum and Arbitrum mainnets in June. By leveraging CCIP’s Simplified Token Transfer capabilities, Stader facilitates secure cross-chain transfers of ETHx. Stader is sponsoring the ETHx/ETH Chainlink Price Feed on Ethereum to boost ETHx adoption across DeFi.
“We’re excited to integrate the industry-standard Chainlink CCIP to help secure cross-chain transfers of ETHx. By leveraging CCIP’s level-5 security and advanced risk management infrastructure, we can help increase the adoption of ETHx across DeFi,” Amitej Gajjala, Co-Founder of Stader Labs, said.
Read more: What Is Crypto Staking? A Guide to Earning Passive Income
Stader’s TVL. Source: Token TerminalAccording to Token Terminal data, Stader’s current total value locked (TVL) is $474.74 million. Although this represents a decrease from its year-high of $706.84 million on March 13, the recent inclusion of Stader on Coinbase’s roadmap signals a vote of confidence in its potential, promising further growth and adoption within the crypto community.
Bitcoin price has turned downward again, but exchanges seem optimistic and continue listings. The largest U.S. cryptocurrency exchange, Coinbase, continues the accelerated listings it started at the end of 2021. A recent announcement was made for a new altcoin. So, which cryptocurrency will be listed?
Last Minute Altcoin ListingCoinbase announced that it will support the Stader (SD) Token, an ERC20 token on the Ethereum network. The listing will be simultaneous on Coinbase and Coinbase Global. Deposits are already active for the listing expected on July 30. If the necessary liquidity conditions are met, the pair will go live at 1:00 PM (ET). For now, only the USD pair will be available.
The exchange is not adding an experimental label to this altcoin, which is positive for SD Token. Following the news, the SD Token price rose above $0.7. The token is already available on many cryptocurrency exchanges, and due to its recent popularity with upper wicks, investors are advised to be cautious about quick returns. The price increased by 40% just today.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Stader (SD) will be listed on the Bithumb Korean Won trading market
PANews reported on August 26th that according to a Bithumb announcement, Stader (SD) will officially launch on the Korean won trading market on August 26, 2025. The supported network is Ethereum, and deposits on other networks are not currently supported.
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**Stader Labs Discontinuing MaticX Operations, Unveils Redemption Timeline** June 13 — Liquidity staking protocol Stader Labs has officially announced it’s winding down MaticX. Starting today, MaticX will stop accepting new deposits and enter a “claim-only” state. Users can still redeem their MATIC holdings through the existing interface for now. The official MaticX DApp will be permanently taken offline on August 3, 2026. After that date, users won’t be able to use the web frontend and must complete all redemptions directly via Etherscan through Ethereum’s smart contract. A MaticX staking contract upgrade is scheduled for June 12–19, 2026. Around June 19, the exchange rate between MaticX and MATIC will lock in permanently — this will serve as the final settlement rate for all future redemption requests. Users who’ve already redeemed assets before this change won’t face any disruptions. Unredeemed users can keep claiming via the existing DApp or Etherscan, while redemption requests that were initiated but not yet sent to their wallets can still be processed later through the Etherscan contract. Between June 19 and August 3, 2026, the MaticX DApp will offer instant redemptions at the fixed locked-in rate. Once August 3, 2026 arrives, the MaticX frontend will shut down for good. However, users will still have three years from that date (until August 3, 2029) to withdraw assets directly via the Etherscan contract. Stader Labs says it will release a detailed, step-by-step Etherscan claiming tutorial ahead of the DApp closure to ensure users can complete their redemptions smoothly.
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Bitcoin (CRYPTO: BTC) closed the first quarter of 2026 down 23%, driving exhausted traders to pivot capital into a surprising alternative asset class: physical Pokémon cards.
Prominent crypto analyst Trader Mayne and pseudonymous collectibles expert CBS discussed on Wednesday how the Trading Card Game (TCG) market is absorbing liquidity as digital assets continue to trade sideways.
The “Bitcoin” Of CollectiblesVintage Pokémon cards are exhibiting price resilience, with CBS highlighting the 1999 Base Set First Edition Charizard as the “Bitcoin of the TCG market.”
TCGs are attracting crypto capital thanks to their scarcity, liquidity, and decoupling from wider digital assets.
Unlike altcoins with constant token unlocks and inflationary supply, vintage cards have fixed, verifiable caps.
High-end graded cards operate with near-instant liquidity at trade shows and online marketplaces, allowing traders to flip $50,000 physical assets in minutes.
And while Bitcoin and equities dumped over the last four months, vintage trading cards largely held their value or appreciated.
CBS views the current environment as a “land grab,” noting that wealthy millennials in their 30s are aggressively replacing traditional antiques with nostalgic physical investments.
Markets Held Hostage By HeadlinesBack on the traditional charts, Mayne emphasized that technical analysis is currently taking a backseat to geopolitical “tape bombs.”
Mayne noted this instant risk-on bid reveals the market’s total desperation for a de-escalation catalyst.
Until a formal ceasefire occurs, Mayne expects violent volatility and warns against forcing leverage in the middle of a headline-driven range.
Prediction markets currently price the odds of U.S. “boots on the ground” in Iran by the end of April at greater than 50%.
Mayne also took aim at Strategy Inc (NASDAQ:MSTR) and its Chairman Michael Saylor over the aggressive marketing of the company’s new 11.5% yield product, STRCH.
Saylor recently deployed heavily criticized, AI-generated promotional videos to advertise the fixed-income product to retail investors.
Mayne compared the marketing tactics to the peak-euphoria days of the collapsed Terra/Luna Anchor Protocol, labeling the campaign “unbelievably cringe” and warning that such aggressive retail targeting damages the broader credibility of the Bitcoin ecosystem during an already fragile market structure.
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Travala.com, a blockchain-based hotel booking platform, has announced that crypto users can now pay with the stablecoin Tether (USDT). Travelers can book a stay at any number of accommodations around the world on the online platform by using USDT.
Travala.com is an Amsterdam-based travel firm with over 17,000 employees around the world. The company’s platform offers crypto users access to over two million properties in more than 90,000 destinations across 230 territories.
In addition to Tether, Travala.com also accepts crypto payments in the form of Bitcoin, Ethereum, XRP, Litecoin, Binance Coin, Bitcoin Cash, Stellar, and Cardano. The company touts that its prices are up to 40% cheaper than other travel booking platforms.
Says CEO Matt Luczynski,
“Part of our mission is to provide our users with a wide choice of the most well known and used cryptocurrencies so it made perfect sense for us to integrate USDT as a payment option on Travala.com.”
Tether is the most popular cryptocurrency in terms of trading volume. At time of writing, Tether’s 24-hour trading volume is over $26.6 billion compared to Bitcoin’s $22.1 billion. Ethereum is a far third at $8.47 billion.
