Hongji Feng
Hongji is a crypto and tech reporter. He graduated from Northwestern University’s Medill School of Journalism with a Bachelor’s and a Master’s. He has previously interned at HTX (Huobi Global), Tencent, IGN, and Lonely Planet.
Solana’s price consolidates near $149.50 after Franklin Templeton and Citigroup back the blockchain for financial services. Institutional adoption signals a potential bullish run ahead.
The post Solana Price Analysis: Franklin Templeton and Citi Back SOL – Is a Bull Run Coming? appeared first on Cryptonews. …
Crypto is down today, as the total cryptocurrency market capitalization has seen a significant shift, dropping 4.4%, now standing at $3.4 trillion. The total crypto trading volume is at $119 billion at the time of writing.[Q1]Why did crypto move against stocks today?[/Q1][A1]While the cryptocurrency market is experiencing a downturn, US stock markets are showing modest gains on 15 May. The crypto market is waiting for additional macroeconomic cues, and traders are engaging in profit-taking. Investors seem slightly more confident in the stock markets today, with the S&P 500 rising 0.1%, and the Nasdaq-100 increasing by 0.6%. That said, the Dow Jones Industrial Average is currently down by 0.2%.[/A1] [Q1][/Q1][A1][/A1][Q2]Is this dip sustainable?[/Q2][A2]Following a recent rally, investors seem to be locking in profits, driving a dip. Though a long-term upturn may resume, a short-term dip looks sustainable due to technical cooling, reduced activity, and general macro caution.[/A2]
The post Why Is Crypto…
South Korea’s Board of Audit and Inspection has urged officials in the city of Cheongju to dish out “strict disciplinary action” to a civil servant who stole over $416,000 worth of public funds to spend on personal crypto investments.
The post Further Punishment Awaits South Korean Civil Servant Who Stole $416k to Buy Crypto appeared first on Cryptonews. …