BENCHMARK
Indices | LTP | Change (%) |
---|---|---|
BITCOIN | $27148 | 0.92% |
ETHEREUM | $1830 | 1.78% |
CRPTO STATS(24H)
Indices | VALUE | Change (%) |
---|---|---|
MARKET CAP | $1.18 T | 0.20% |
TRADING VOLUME | $32.30 B | 7.18% |
TOP 5 GAINER
Indices | LTP | Change (%) |
---|---|---|
PERI Finance | $0.065 | 847.67% |
SCOneX | $0.0078 | 159.49% |
Tokenplace | $0.0037 | 150.66% |
MicroMoney | $0.0033 | 89.33% |
Populous | $0.020 | 74.97% |
TOP 5 LOSER
Indices | LTP | Change (%) |
---|---|---|
TosDis | $0.015 | 99.52% |
Hello Pets | $0.055 | 64.04% |
Universe.XYZ | $0.00035 | 51.99% |
dfohub | $0.00080 | 51.50% |
Parex | $0.46 | 36.10% |
Mark Yusko remains steadfast in his bullish forecast for the digital asset market, anticipating an exciting "crypto summer" set to unfold around mid-June. Both Bitcoin and Ether have displayed an upward trajectory, with Bitcoin prices experiencing a positive trend and Ether holding strong above the support levels of $27,000 and $1,800. Notably, among the top 10 non-stablecoin cryptocurrencies, Litecoin and XRP have emerged as the frontrunners, showcasing remarkable gains. Additionally, several other cryptocurrencies have also witnessed notable increases in value.
Major Events Around the World
Following the U.S. Securities and Exchange Commission's (SEC) decision to revise the penalty on LBRY, a crypto startup, the company has commented on the agency's dual narrative regarding LBR's status as a security. The SEC cited LBRY's "inability to pay" the $22 million penalty in recent court filings, leading to a revision of the penalty to $111,614. The Commission stated that LBRY lacked funds and was in a near-defunct status. This penalty was levied as part of the SEC's lawsuit against LBRY over the alleged violation of U.S. securities laws through the sale of LBRY's LBC.
Today, May 16th, marks a significant moment for Sam Altman, the CEO of OpenAI and co-founder of the crypto project Worldcoin, as he testifies in front of the U.S. Congress for the first time. Altman's mission is to persuade Congress to consider mandating licences for companies that develop artificial intelligence (AI) tools, such as ChatGPT, and to embrace the AI revolution. The Senate Judiciary Subcommittee on Privacy, Technology & the Law will seek answers on various topics, including the risks of AI, competition in the industry, and the establishment of safeguards for AI.
Polygon zkEVM, a high-performance scaling solution on the Ethereum network, has achieved a significant milestone in terms of growth and transaction volume. Recent data shows that the platform has set a new all-time high (ATH) in transaction volume, indicating its growing popularity and adoption amongst users. This is a testament to the platform's ability to provide a seamless and efficient experience for its users.
COIN GABBAR Views: Does Mark Yusko uphold his bullish prediction for the digital asset market, anticipating a lively "crypto summer" around mid-June? Can Bitcoin's resilience be seen as an indication of even more promising developments? With the current surge in prices, is there any uncertainty surrounding the possibility of a broader market realignment? Stay tuned for updates and the latest news us at www.coingabbar.com
Also read: Fed Research: Whales Played Key Role in 2022 'Crypto Bank' Runs
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
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