Conflux (CFX) has rebounded 7% following a sharp 27% sell-off, as traders attempt to hold the $0.20 floor while on-chain data show new adoption highs for China’s government approved Layer-1. Analysts caution that fading volume near $0.2338 and soft RSI readings suggest the bounce may lack strength.
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Category: Cryptocurrencies
Cardano Price Prediction: Whale Money Moves Out of Ethereum and Into ADA – $10 Target?
While Ethereum has been the institution-driven bull market leader so far, a shift in capital among its largest holders suggests Cardano could be their next pick.
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Seoul Watchdogs Sound Alarm on Upbit, Bithumb Crypto Lending Products
Seoul’s FSC and FSS have met executives from South Korea’s top exchanges after Upbit and Bithumb launched crypto margin lending with 4:1 leverage. Officials have flagged potential Lending Act violations and urged voluntary guidelines as Upbit halts Tether loans and Bithumb revises its service.
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Profit-Taking Peaks Again – Is the Next Crypto Rally About to Begin?
CryptoQuant has reported that Bitcoin’s third profit-taking wave since March 2024—driven by ETF approvals, a post-election crypto rally, and July’s whale sale—has slowed gains. Familiar on-chain signs point to a consolidation phase that often precedes fresh highs.
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Kraken Revenue Rises to $411.6 Million in Q2, Up 18% from Last Year
Crypto exchange Kraken reported $411.6 million in revenue for the second quarter, marking an 18% year-on-year increase.
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10 Million People Globally Targeted by Fake Crypto App Ads, Check Point Warns
A global malware campaign has exposed more than 10 million people to deceptive crypto app ads, according to a new report from cybersecurity firm Check Point.
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Crypto Investment Entity Ether Machine Scoops 15,000 ETH, Surpasses Ethereum Foundation
Ether Machine has bought 15,000 ETH as part of its long-term treasury strategy, coinciding with Ethereum’s 10th anniversary.
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SEC Sets New Crypto ETF Standards, Dozen Major Tokens Could Qualify by October
The Securities and Exchange Commission has established new listing standards for cryptocurrency exchange-traded products that could clear the path for approximately a dozen major digital assets to gain ETF approval by October.
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Bolivia Calls Crypto ‘Reliable Alternative’ in New El Salvador Partnership Deal
Bolivia’s Central Bank has signed a memorandum of understanding with El Salvador’s National Commission of Digital Assets to promote crypto development, marking a dramatic policy reversal for a nation that previously banned virtual assets and now calls them a “reliable alternative” to traditional currencies.
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Cardano Price Prediction: Hoskinson Says ADA Can Outperform Bitcoin – Analyst Says Breakout Coming Soon
Cardano Price Prediction: ADA has fallen 11% this week, but chart supports at $0.65-$0.72 remain intact. Charles Hoskinson has maintained that positioning the chain for real-world asset issuance could drive a rebound toward $1.1, provided the price stays above the $0.615 last line of defense.
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