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DEFI Journal

🦔 Hedgehog in the Mist (💨🦔) listing tomorrow!

Just a week ago, Hedgehog in the Mist flew into the infopole and closed a $600k presale in 602 seconds. it was actively fluffed not only by TON Influencers, but also by web2 media + celebrities of different levels.

Over the past week the project:

grew the community 700 times! at the end of the presale there were only 1000 people on the channel, and now there are 700k audience in tg and twee.

partnered with TapSwap, which has more than 10m users.

prepared for the launch in Asia - tomorrow, on the day of listing, Hedgehog will be localized to the Korean market with top inflams.

Further the project plans to enter Turkey, Brazil and other countries, where it will make collaborations with cult characters of these regions and unite them all. every entry to a new country - an influx of audience to the project.

Watch out for the listing tomorrow. it will go up on ston.fi
The contract will be in the official channel of the project.

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DEFI Journal

US Senator Ted Cruz Has Officially Become a Bitcoin (BTC) Miner

Senator Ted Cruz ventures into Bitcoin mining in Iraan, Texas, leveraging the state's energy resources and business-friendly laws.

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DEFI Journal

Mastercard Crypto Credential Goes Live: Focus on Broader Crypto Adoption with Simplified Transfers

The Mastercard Crypto Credential service is expected to boost the domestic and international remittance market.

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DEFI Journal

Dogecoin Whales Scoop Up 700 Million DOGE in 72 Hours

Despite the subdued price action, Dogecoin whales have bought over 700 million DOGE in the past 72 hours.

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DEFI Journal

U.S. Spot Bitcoin ETFs See Longest Inflow Streak Since February

The U.S. spot Bitcoin ETF market has been on a 13-day inflow streak despite Ark Invest's ARKB seeing outflows of roughly $100 million yesterday.

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DEFI Journal

Pepe (PEPE) Dumps 14% After Recent ATH, Bitcoin (BTC) Loses $68K (Market Watch)

PEPE was on a roll until today, but has dumped by double digits now.

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DEFI Journal

Bitcoin Miners Face More Pain as Hashrate Surges, Difficulty Adjustment Looms

Bitcoin miners are having a tough time, especially since last month’s halving event slashed block rewards, and now hashrates are climbing again.

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DEFI Journal

Spot Bitcoin ETFs Now Hold Over 1 Million BTC

Majority of Bitcoin held by ETFs resides in U.S.-based spot ETFs, notably GBTC and IBIT, comprising over half the total BTC holdings.

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DEFI Journal

Here’s Why Polkadot (DOT) Might Rally Toward $10: Analysts

“I expect Polkadot to be trading around the $10 soon," one analyst stated.

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DEFI Journal

How Will This Week’s US Economic Data Impact Crypto Markets?

There is a short but busy week ahead on the economic calendar in the United States with key consumer spending data released, but will it impact crypto markets?

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DEFI Journal

OKX Bows Out of Hong Kong, Withdraws VASP License Bid

While OKX is discontinuing its centralized cryptocurrency trading services for Hong Kong residents, the exchange's Web3 self-hosted wallet offerings will not be impacted.

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DEFI Journal

Uniswap (UNI) Skyrockets by 20% Daily, Pepe (PEPE) Charts New All-Time High (Market Watch)

PEPE has had a big week in which it broke its all-time high several times.

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DEFI Journal

Caldera launches Guardian Nodes, creating a new path for teams to raise funds and decentralize their network

[PRESS RELEASE – San Francisco, United States, May 24th, 2024] Rollup-as-a-Service platform Caldera is launching Guardian Nodes, a production-ready node system that enables network users to verify rollup blocks for rewards. HYCHAIN, the first team to leverage this system with Caldera, generated $8 million from their initial node sale. Caldera, the leading Rollup-as-a-Service (RaaS) platform, […]

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DEFI Journal

Here’s Why US SEC Is in Trouble Following Ether ETF Approval, According to Crypto Lawyer

Murphy believes the SEC would have a hard time explaining to U.S. courts how ETH is a commodity, but similar ecosystem tokens like SOL and ADA are not.

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DEFI Journal

Solana ETFs to See More Demand Than Other Altcoin Funds: Bloomberg Analyst

Seyffart noted that the road to launching Solana ETFs could be rocky because the SEC has flat-out classified the asset as a security.

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DEFI Journal

Calm Before the Storm: DOT Ready to Rally to $9? (Polkadot Price Analysis)

On the daily chart, the cryptocurrency has been range-bound inside a rising wedge pattern. This is a classical bearish reversal or continuation pattern that would be validated if the price breaks it to the downside. Meanwhile, the market has also been hovering around the 200-day moving average, making gradual higher highs and lows.

Therefore there is also a considerable possibility for DOT to break the pattern to the upside and rally toward the $9 resistance level. Yet, everything depends on the direction of the breakout from the pattern.

Looking at the 4-hour chart, the price action inside the rising wedge pattern becomes much more clear. DOT has tested both the higher and the lower boundary of the channel multiple times now. It is currently rebounding from the lower trendline and gaining momentum to move toward the higher one.

If successful, the pattern is likely to get broken this time, and a new bullish wave might begin. However, if somehow the price crashes to the downside, a decline toward the $6 level and lower would be highly probable.

While Polkadot’s price is slowly making higher highs and lows around the $7 level, taking a look at the Binance liquidation heatmap gives us a clue as to why this is the case.

As the chart shows, the price has failed to drop below the $6.8 level. There might be a concrete reason for this behavior. There is a lot of liquidity below the $6.8 level, which could be the stop-loss orders and liquidation prices of many whales. Therefore, they have been defending their positions by pushing the price higher.

The same thing goes for the $8 zone, as there is also a lot of liquidity residing there. Therefore, these are the two primary levels the price is currently trapped between, and a breakout from each one could aggravate the prevailing direction of the market by triggering liquidation cascades.

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DEFI Journal

Here’s Why Bitcoin Needs Scaling Solutions, According to Binance

New Bitcoin protocols and innovations have resulted in congested mempools and higher transaction fees, emphasizing the need for scaling solutions.

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DEFI Journal

Mt. Gox Bitcoin Moves Will Cause No Immediate Selling Pressure: CryptoQuant

The 138,000 BTC transfers were executed between Mt. Gox’s trustee addresses and are not a sign that creditor repayments have begun.

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DEFI Journal

Bitcoin ETFs In Europe Have Lost $500 Million This Year

Europe’s Bitcoin ETFs have struggled to compete with those in the United States, which offer ultra-low fees.

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DEFI Journal

Wave Digital Assets Launches Polygon Yield Vehicle with $30M Investment

[PRESS RELEASE – Los Angeles, California, May 30th, 2024] Wave Digital Assets (Wave), a digital asset-focused investment adviser regulated by the SEC, is pleased to announce the launch of a Polygon network-focused yield vehicle with an initial $30 million. The vehicle is designed to support protocols and teams on the Polygon zkEVM blockchain.starting with facilitating liquidity […]

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DEFI Journal

Former FTX Exec Ryan Salame Sentenced to 7.5 Years in Prison

Salame was co-CEO of FTX Digital Markets, the crypto exchange's Bahamas-based subsidiary.

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DEFI Journal

Analyst Sets Bar High with Bitcoin (BTC) at $150,000, Ethereum (ETH) at $15,000 Predictions

Lark Davis has boldly predicted Bitcoin reaching $150,000 and Ethereum hitting $15,000.

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DEFI Journal

Friend.tech Co-Founder Hints at Departure From Base, Token Falls 30%

Friend.tech's token price plummets after co-founder X's post expressing intent to leave Base, the Ethereum L2 network hosting the project.

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DEFI Journal

These Are the Next Support Levels for DOT if Bulls Fail to Overcome $7.5: Polkadot Price Analysis

Polkadot has struggled to reclaim the critical $7.5 resistance region and the 100-day moving average at $7.4. Yet, the current bullish momentum appears insufficient, suggesting a possible short-term consolidation near this pivotal level. Technical Analysis By Shayan The Daily Chart A detailed examination of Polkadot’s daily chart reveals that after a resurgence of demand near […]

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DEFI Journal

These Are This Week’s Top Performers as Bitcoin (BTC) Price Maintains $69K (Weekend Watch)

It was a particularly positive week for most cryptocurrencies, here are the top performers.

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DEFI Journal

Marine Moguls ERC-404 Launch with $2.9 Million in Prizes for Token Holders

[PRESS RELEASE – Seoul, South Korea, May 25th, 2024] Marine Moguls has launched on the ERC-404 protocol, introducing a new approach to digital asset management. The project features $2.9 million in prizes linked to over 25% of the tokens, providing $MOGUL owners a potential chance to win prizes, including 100,000 USDT and 50,000 USDT, along […]

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DEFI Journal

Coinbase Loses Supreme Court Arbitration Dispute Over 2021 Dogecoin Sweepstakes

Coinbase consumers alleged being misled, paying $100+ for a June 2021 sweepstakes promising up to $1.2 million in Dogecoin prizes.

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DEFI Journal

Bull Run or Major Correction for Ethereum (ETH) After the ETF Approvals? Analysts Chip in

One analyst predicted a new ATH of over $13,000 for ETH's price: check out for more details.

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DEFI Journal

Crypto Price Analysis May-24: ETH, XRP, ADA, SHIB, and DOT

This week, we take a closer look at Ethereum, Ripple, Cardano, Shiba Inu, and Polkadot. Ethereum (ETH) Ethereum just had one of its best weeks after its price exploded by almost 30%. It came on the news that an ETF approval was imminent, which was confirmed a few days later. Now, the price is consolidating […]

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DEFI Journal

House Passes FIT21 Bill To Provide Crypto Legal Clarity With Two Thirds Majority

The bill’s proponents intend to end the SEC’s “regulation by enforcement” approach to the crypto industry.

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