Crypto News
Filecoin Drops Over 6%, Breaks Key Support at the $2.38 Level
Filecoin (FIL) displayed sharp volatility with a trading range of over 6% during the last 24-hours, according to CoinDesk Research's technical analysis model.The token broke key support at the $2.38 level on high volume, the model showed.AI platform SingularityNET has chosen Filecoin for metadata storage through Lighthouse, according to a post on X.In recent trading, FIL was 4.6% lower over 24 hours, trading around $2.36.The decline in Filecoin came as the wider crypto market also fell, with the broader market gauge, the Coindesk 20, recently 3.6% lower.Technical Analysis:Filecoin encountered significant bearish momentum during the 24-hour period.The cryptocurrency breached essential support at $2.38 during overnight trading periods, with volume surges reaching 7.54 million indicating potential institutional distribution activityDescending channel pattern formed...
Metaplanet Plans $3.7B Stock Raise to Fuel Massive Bitcoin Buying Spree
The stock offering would establish new perpetual preferred shares with up to 6% dividends, all proceeds earmarked for BTC acquisitions.Source link
AAVE Price Plunges 3.89% as Technical Indicators Flash Warning Signals
AAVE trades at $258.66 after dropping 3.89% in 24 hours, with RSI at oversold levels and bearish momentum building across multiple timeframes. (Read More)Source link
Trump Slaps Brazil and Canada With 50% and 35% Tariffs; Mexico Gets Breathing Room
President Donald Trump finally made tariffs against Brazil official, slapping the South American nation with a 50% levy on imports. In the same way, Trump also announced 35% tariffs on Canada, the U.S.’s second-largest trading partner, while Mexico obtained more time to discuss a better trade agreement. Trump Lashes Out at Brazil and Canada WithSource link
Tokenization of Real-World Assets is Gaining Momentum, Says Bank of America
While U.S. dollar-backed stablecoins continue to dominate the conversation, recent discussions with investors indicate a growing focus on the tokenization of real world assets (RWAs), including stocks, bonds, bank deposits, and real estate, Bank of America (BAC) said in a report Monday.According to BofA, this shift marks the beginning of a multi-year journey toward fully blockchain-based transactions.The transformation will require significant infrastructure development but promises a new era of 24/7 access across global jurisdictions, instant settlement, and enhanced liquidity, all underpinned by smart contracts that ensure compliance, the report said.Tokenization of real-world assets on a blockchain involves bringing traditional assets like real estate, bonds, and commodities into the digital realm. This process allows for fractional ownership, easier trading, and increased...