Crypto News
Bored Apes Creator Yuga Labs Moves to Sunset Apecoin DAO, Launch Apeco
Yuga Labs, creator of the Bored Ape Yacht Club, has proposed terminating the decentralized Apecoin DAO and transferring its assets to a new entity called Apeco to accelerate ecosystem growth. Apecoin DAO to Dissolve Under Yuga Labs Proposal Yuga Labs CEO Greg Solano has formally proposed sunsetting the Apecoin Decentralized Autonomous Organization (DAO), calling itSource link
Cardano’s ADA Finds ‘Strong Support’ After Dramatic Price Swings Amid Heightened Volatility
The cryptocurrency market is experiencing heightened volatility amid an escalating feud between President Donald Trump and his former head of the Department of Government Efficiency, Elon Musk, over the state of the U.S. economy.Cardano's ADA ADA has also seen extreme price swings amid market uncertainties. After dropping from $0.688 to $0.621, ADA found strong support and rebounded, forming an ascending channel with resistance at $0.644, according to CoinDesk Research's technical analysis model. The technical indicators suggest a potential renewed bullish momentum as the cryptocurrency reclaims the $0.640 level with decreasing volatility.At press time, ADA is trading at $0.66, down about 1.8% over the past 24 hours, while the broader market gauge CoinDesk 20 Index fell 1%.Some recent news within the...
Strategy Upsizes STRD Preferred Stock Offering to $1 Billion to Buy More Bitcoin
Strategy’s Michael Saylor described STRD as the “fourth gear” in the company’s “Bitcoin Engine.”Source link
Bitcoin Holds the Line: 30 Days Above $100K Despite Market Turbulence
The crypto economy has shown modest signs of recovery since Thursday, though it remains 2.16% lower over the past 24 hours, hovering near the $3.25 trillion mark. Bitcoin, too, has been attempting a gradual climb, with bullish traders breaking through the $104,000 barrier. Crypto Swings Wild as Bitcoin Teeters Around $104K, Altcoins Record Bigger WinsSource link
CoinDesk 20 Performance Update: SUI Gains 4.3% as Index Trades Higher
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 3009.79, up 0.7% (+21.73) since 4 p.m. ET on Thursday.Thirteen of 20 assets are trading higher.Leaders: SUI (+4.3%) and SOL (+3.3%)Laggards: ETH (-2.0%) and BCH (-1.3%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link