Maple Finance, a major institutional cryptocurrency lender, has completed a pioneering loan deal using XRP as collateral.

💭 The seven-figure USDC loan was facilitated by Digital Wealth Partners. This marks Maple Finance's first loan deal using XRP as collateral, providing borrowers with tailored financing against their XRP holdings and offering lenders new liquid collateral at attractive loan-to-value rates.

💭 The entire procedure took only three business days, demonstrating the efficiency of the process. This development opens new avenues for liquidity management for institutions holding XRP, and experts anticipate more opportunities for XRP in both private and institutional segments of the cryptocurrency market.

Website | FAQ | Docs | Statistic | Join

8

0

Whale Alert, a well-known blockchain tracking platform, has detected six consecutive Ethereum transfers, each worth over $100 million. These transfers occurred within a single hour and involved approximately 27,970 ETH per transaction. The total value of these transactions amounted to around $603 million.

During this period, the price of Ethereum experienced a surge of nearly 6%, reaching $3,628. However, it has since seen a slight decline of about 1.5% and is currently trading at $3,575.

In other news, BlackRock's Ethereum exchange-traded fund (ETF), ETHA, received a significant net inflow of $33.88 million on January 3. The overall net inflow in Ethereum ETFs on that day was ...

Website | FAQ | Docs | Statistic | Join

12

0

Bitcoin has recently experienced a decline after a modest rally during the Christmas period. Market participants are taking profits, putting downward pressure on the leading cryptocurrency's price. The price of BTC may soon fall below the critical $90,000 mark due to weakening buying activity.

One indicator, the Ichimoku Cloud, shows that BTC's price has fallen below the Leading Span A, indicating weakening momentum and a potential bearish shift. This suggests diminishing strength in the asset's uptrend. Additionally, the negative Chaikin Money Flow confirms the waning demand for BTC, with selling pressure dominating and more outflow of money than inflow.

If the demand weakens ...

Website | FAQ | Docs | Statistic | Join

13

0

Cardano (ADA) is facing a downturn along with other top cryptocurrencies like Ethereum and XRP as Bitcoin approaches $95k. The ADA trend is showing significant downside risk as the price falls below $0.90, potentially driving it down to $0.70.

On the 4-hour chart, Cardano's price is forming a bearish channel pattern and has broken below a key support trendline. This suggests a continuation of the downtrend, with a bearish engulfing candle forming on the verge of closing below the support trendline. This increases the likelihood of a drop to the psychological support level of $0.70.

The 4-hour chart also shows a bearish crossover on the 200 EMA and the RSI has entered oversold ...

Website | FAQ | Docs | Statistic | Join

13

0

Shibarium, the official blockchain of the Shiba Inu ecosystem, has achieved two significant milestones in terms of the number of wallets and total transactions.

▪ The network has surpassed 600 million transactions and reached over 2 million wallets. This surge in user activity can be attributed to increased interest in interacting with different DeFi protocols on Shibarium. The milestone was celebrated by the Shiba Inu community as a testament to their strength and passion.

▪ Additionally, Shibarium has recorded other impressive feats, such as reaching an all-time high total value locked (TVL) of $10.4 million, with K9 Finance DAO leading in TVL. The number of user accounts on Shibarium has also increased significantly, demonstrating a surge in user activity. These achievements highlight the growing popularity and success of Shibarium as a Layer-2 blockchain.

Website | FAQ | Docs | Statistic | Join

30

0

Renowned commodity trader Peter Brandt has issued a warning to younger investors, stating that Bitcoin is no longer a path to quick wealth. Brandt emphasizes that the cryptocurrency's exponential gains during its early days are a thing of the past, and investors should adjust their expectations accordingly.

🔸 Despite Bitcoin's recent rally in November, where it surged by over 37%, it failed to break the $100,000 mark. However, some industry experts, such as Galaxy Digital CEO Mike Novogratz and venture capitalist Tim Draper, believe that Bitcoin still has room for growth. Novogratz predicts that Bitcoin could surpass gold in market cap within five years, while Draper forecasts a potential 30-fold increase in price.

🔸 MicroStrategy co-founder Michael Saylor takes a long-term perspective, envisioning Bitcoin reaching $13 million.

Website | FAQ | Docs | Statistic | Join

29

0

Crypto analytics platform Phoenix has released data on the most-searched cryptocurrencies on CryptoRank over the past week. The top three coins drawing attention from traders and investors in the DeFi space are Degen ($DEGEN), Portal ($PORTAL), and Moo Deng ($MOODENG). Other coins on the list include Secret Network ($SCRT), Sender AI ($ASI), Mog AI ($MOG), Neiro on ETH ($NEIRO), Simon's Cat ($CAT), Open Loot ($OL), and Turbo ($TURBO). However, while these coins are highly searched, their price performance has been mixed. For example, Degen ($DEGEN) has seen a decline of 24% in the last week, highlighting the speculative nature of the market. On the other hand, Secret Network ($SCRT) ...

Website | FAQ | Docs | Statistic | Join

27

0

XRP, the cryptocurrency associated with Ripple, has surged past the $1 mark, reaching a three-year high. This surge has propelled XRP to overtake Dogecoin and secure the sixth spot in the cryptocurrency rankings by market capitalization.

The price of XRP has soared by more than 85% in the past week, hitting a high of $1.268 in Saturday's trading. This is the highest level seen since November 2021. Several factors have contributed to this price surge, including favorable regulatory developments and increased activity from large investors.

The legal battle between the SEC and Ripple has had a significant impact on the price of XRP. However, recent events suggest that the regulatory ...

Website | FAQ | Docs | Statistic | Join

24

0

XRP has surged above $1 for the first time in over three years, putting concerns about its long-term sustainability to rest. Analysts predict further upside for the token, citing its dominance in the cryptocurrency market, which has reached a significant milestone of 1.66%. Historically, this level has acted as a launchpad for upward movements, with an average continuation of 740% in similar scenarios. If this trend continues, XRP's market capitalization could soar to $444 billion, translating to a price of approximately $8. The surge in trading volume and bullish indicators, such as the relative strength index (RSI) and Harmonic Patterns, further support the optimistic outlook. ...

Website | FAQ | Docs | Statistic | Join

26

0

Shiba Inu (SHIB) has seen a significant increase in on-chain activity, with 17 trillion SHIB being transacted in the past day. This surge indicates renewed interest from SHIB investors, with both buying and redistribution activity taking place. The number of large transactions, which are important trades involving whales, has reached record highs, with 1.12K transactions in the last day alone. This spike in trading volume suggests that there may be a significant price movement for SHIB in the near future.

The increase in significant transactions indicates that a significant amount of capital is either entering or leaving SHIB. This could be a result of recent price increases and ...

Website | FAQ | Docs | Statistic | Join

22

0