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The Honk price has surged 381% in the last 24 hours to trade at $0.0099 as of 05:57 a.m. EST, with trading volume climbing 50% to $5 million. Honk, a new meme coin on the Solana blockchain, is being dubbed as the Bonk Killer, with the community behind it backing the token as the next big thing. But can it scale Bonk’s heights? We know what the doge killer did on ETH ($SHIB) I can’t fade the $BONK killer on SOL. $HONK just broke ATH 🚀🚀🚀🚀🚀@honk_sol congrats to the team and community!!! — YourPOP (@Yourpop8) January 24, 2024 Honk Bulls Ride The Cup And Handle Pattern HONKUSD Chart Analysis Source: Geckoterminal.com The Honk price signals a continuation of a bullish trend as the price has formed a cup-and-handle pattern. The support zone at $0.005 gave the bulls a footing to recover from the slight price decline. The Honk price bulls have shown resilience despite the pullback at the $0.00977 resistance, rebounding at t...

On Jan. 24, the total net outflow of Bitcoin spot ETFs was $159 million, the largest single-day total net outflow . According to the analytics platform Alpha, on Jan. 24 the total net outflow of Bitcoin spot ETFs hit $159 million, the largest one-day net outflow since launch. Source: Alpha Grayscale ETF has been the leader in net outflows with $429 million since the fund’s launch. All ETFs except Grayscale had net inflows of $270 million. At the same time, for the second day in a row, the outflow of funds from Grayscale Bitcoin Trust (GBTC) has been decreasing. The figure was the lowest since the launch of spot Bitcoin ETFs in the United States. Bloomberg analyst Eric Balchunas wrote in X that GBTC outflows are showing a “downward trend.” However, he noted that liquidations are still huge. $GBTC volume down again today.. could be sign of some exhaustion in the selling (same thing happens in stocks, $SPY volume goes up w selling, down w peace). We'll...

Tesla, one of the leading automotive and clean energy companies owned by Elon Musk, announced today that none of their $435,000,000 Bitcoin (BTC) was sold in Q4 2023. The company did not buy or sell any of its Bitcoin, according to its Q4 update. JUST IN: Tesla $TSLA reveals none of their $435,000,000 #Bitcoin was sold in Q4 2023. — Watcher.Guru (@WatcherGuru) January 24, 2024 Also Read: SEC Delays BlackRock Spot Ethereum ETF Before the earnings report was announced, it was known that Tesla had 9,720 BTC. It’s the sixth straight quarter of no sales for Tesla’s Bitcoin pile, which is significantly down in price compared to Q3 of 2023. In after-hours trading, Tesla is also down and has been slumping since the start of the new year. In addition to stocks being down and no Bitcoin transactions, Tesla reported 484,507 deliveries in the fourth quarter and more than 1.8 million deliveries for 2023. Total revenue for the company was down $70 mill...

A closely followed crypto strategist believes that Bitcoin (BTC) will soon make a parabolic move similar to prior market cycles. Pseudonymous analyst Rekt Capital tells his 389,700 followers on the social media platform X that he believes Bitcoin’s price pattern will follow similar phases from prior halving years, including 2020 and 2016. The next halving event is expected in April when miners’ rewards are cut in half. According to the trader, Bitcoin’s price action is likely to go through three distinct phases before the parabolic phase four. “Entry requirements to the Bitcoin parabolic uptrend (green): • Survive this current pullback (orange) • Survive the Pre-Halving retrace (dark blue circle) • Survive Post-Halving Re-Accumulation (red) Easy enough? Let’s go.” Source: Rekt Capital/X The analyst also warns that Bitcoin may undergo a significant correction leading up to the halving event, similar to the before halving years. “If you...

After a long-awaited spot-Bitcoin ETF approval, the price trajectory hasn’t panned out for investors as they thought it would. Bitcoin’s (BTC) price experienced a downturn, which sent its price below the $40,000 threshold. And it might just be the beginning. A weekly chart close below the $38,000 mark may indicate a potential downturn for Bitcoin, with a focus on the robust support cluster situated around $33,000. This critical region incorporates multiple technical components, including the lower boundary of a parallel channel, the 0.5 Fibonacci retracement level, and the 50-week simple moving average, as per a post on X from cryptocurrency analyst Ali Martinez on January 24 Potential further lows for BTC. Source: Ali Martinez The convergence of these factors establishes a noteworthy line of defense that has the potential to impede further declines in the price of maiden crypto. Historical movement as a possible prediction Cryptocurrency Cryptocurrencies set ...

Cardano overtook Polkadot as the project with the highest development activity. ADA could face another 15% if bulls fail to defend the $0.43 support. Funding Rate stalled, indicating that ADA could consolidate or decrease further. In the last 30 days, Cardano (ADA) triumphed over Polkadot (DOT), and its sister-project Kusama (KSM) to become the blockchain with the highest development activity.  Development activity on a blockchain refers to the public GitHub repositories linked to a project. When the metric increases, it means a project has shipped out more Features on its network.  However, a decrease in the development activity implies that code commits by developers have reduced.  ‍ Here are #crypto's top coins by development activity. Notable #github commits past 30d: 1 @cardano $ADA T2 @polkadot $DOT T2 @kusamanetwork $KSM 4 @optimismFNP $OP 5 @ethstatus $SNT 6 @hedera $HBAR 7 @cosmos $ATOM 8 @dfinity $ICP 9 @chainlink ...

Bitcoin price has dipped below $40k, extending intraday losses to lows of $38,620. Solana (SOL) is down 10% at the time of writing, trading near $79 as altcoins bleed. Pullix (PLX), a new hybrid exchange in presale, has raised over $4.2 million as it attracts investors. The cryptocurrency market is mainly red today, with most top altcoins posting price movements that mirror the 4% dive witnessed in the Bitcoin (BTC) market. Per details on CoinGecko, the global crypto market is down 5% to $1.59 trillion as BTC price slipped to lows of $38,620. Solana (SOL) was trading below $80 as bears threatened to pull it further into the woods. As this happens, both the trading and presale market continue to prove attractive for buying opportunities. Pullix (PLX), a new hybrid exchange token in presale, is among those seeing huge investor interest. This price prediction article looks at the outlook for Bitcoin and Solana and what that means for PLX. Bitcoin (BTC) pric...

Shiba Inu burn rate has jumped by 459.57% in the past 24 hours.  146,261,497 SHIB tokens were sent for incineration in that period.  Robinhood adds 15 billion SHIB tokens to its portfolio. In a notable development, the Shiba Inu burn rate has ticked up in the past 24 hours as the meme coin’s community sends millions of SHIB tokens for incineration.  Data from the Shiba Inu burn tracker Shibburn reveals that 146,261,497 SHIB tokens were sent to the burn addresses and taken out of circulation. Furthermore, the data showed five wallet addresses partook in the incineration.  Notably, a particular wallet burned 100 million SHIB tokens in a single transaction. Another wallet also burned over 30 million tokens in the same 24 hours. As a result, the burn rate jumped 459.57% in the aforementioned period.  The incineration, a collective effort from the meme coin’s team and community, is aimed at reducing Shiba Inu’s circulating supply. Expe...

Terra (LUNA) faces a 7% price drop as Terraform Labs files for Chapter 11 bankruptcy, raising investor concerns. Despite the price decline, LUNA sees increased trading volume, hinting at potential rebound opportunities. Technical indicators like RSI and CMF suggest a possible price reversal for LUNAUSD, attracting bullish sentiment. The Terra (LUNA) price has plummeted by over 7% following the recent news of Terraform Labs, the company behind the TerraUSD (UST) stablecoin, filing for Chapter 11 bankruptcy. This move, announced on January 21 in a Delaware court, marks a pivotal moment for the Singapore-based company, co-founded by Do Kwon. Terraform Labs Seeks Bankruptcy Protection Amid ongoing legal challenges, including a lawsuit against the U.S. Securities and Exchange Commission, Terraform Labs has sought refuge under Chapter 11 bankruptcy, as reported by Coin Edition. Do Kwon remains the majority shareholder, owning 92% of Terraform Labs, while South Korean...

If you’re a dedicated Avalanche user, you’re likely already familiar with Core, the preeminent wallet for interacting with all things AVAX. In addition to providing a user-friendly web and mobile interface for interacting with the Avalanche ecosystem, Bitcoin, Ethereum, and other EVM chains, it’s packing a host of useful features, particularly when it comes to staking AVAX itself. Virtually all modern blockchains rely on Proof of Stake consensus, and Avalanche is no exception. Validators who stake AVAX are authorized to publish blocks, confirm transactions, and earn rewards for their services. But Avalanche users who don’t operate a validator node are also entitled to participate in s taking through delegation – and this is where Core proves invaluable. Staking, Simplified There are many ways to participate in blockchain staking, with one of the simplest being to delegate your stake to a validator. This is an entity with the hardware, software, and 24/7 connectivi...

Ben Armstrong shares insights on the US banks’ potential adoption of Ripple’s XRP. Ripple CEO Brad Garlinghouse has hinted at the wider adoption of XRP following the token’s landmark victory against the SEC. With XRP’s legal clarity and major upgrades, Ripple is heading towards acquiring its vision. Ripple CEO Brad Garlinghouse has recently hinted at the potential adoption of XRP by the banks of the United States. In a recent video, Ben Armstrong, a prominent voice in the blockchain sector, asserted that the US banks’ adoption of XRP is poised to be “the key to XRP’s success.” Ripple has been moving through a tough period for more than two years since the Securities and Exchange Commission (SEC) sued the platform in 2020. The regulators accused Ripple and its executives of allegedly raising “over $1.3 billion through an unregistered, ongoing digital asset securities offering.” Though Ripple envisioned the global expansion and wider adoption of ...

An Altcoin Daily host has identified four altcoins showing upside potential on the recent dip. The host thinks MINA, ADA, SUI, and DYDX will rally for various reasons. Bitcoin dropped by 18%, dragging the entire crypto market along after reaching a yearly high of $49,048. Bitcoin dropped by 18%, dragging the entire crypto market along after reaching a yearly high of $49,048. Following the drop, an Altcoin Daily YouTube channel host has identified four altcoins showing upside potential on the recent dip. In an uploaded video, the host noted MINA, ADA, SUI, and DYDX as the altcoins to watch. The host commended builders in the MinaProtocol ecosystem who decided to go full-time, building zkApps. He noted that Mina grew over 100% in a year where ecosystems lost 15% of their full-time devs on average. He thinks the upside activities on Mina are just getting started. According to the Altcoin Daily host, Cardano has outshined Ethereum in an “interesting way...

In a widespread crypto sell-off, RUNE and ETC plunged 20%, dropping to $4.05 and $23, respectively. BSV’s value tumbles to $74.69, marking a 23% weekly drop and sliding to 47th in market cap rankings. LDO’s bear rally deepens, falling 18% in a week to $3.04, despite a 115.5% surge in the past three months. The cryptocurrency market experienced a notable downturn this week, with major digital assets like Bitcoin and Ethereum seeing significant drops in value. This trend extended to various altcoins, including THORChain (RUNE), Bitcoin SV (BSV), Ethereum Classic (ETC), and Lido DAO (LDO), all of which recorded a 20% decline in their respective valuations over the past seven days. Grayscale’s activities have influenced the recent crypto market fluctuations. The investment firm transferred 9,840 BTC, valued at approximately $418 million, to Coinbase Prime. This move was part of a series of transactions to manage ETF redemptions, totaling over $1....

Manta Network (MANTA) price slips amid disruptive DDoS attack. Network is experiencing longer transaction times and increase in gas fees. MANTA price reached highs of $2.72 after its Token Generation Event (TGE) but was down to $2.13 Manta Network debuted its MANTA token on exchanges on Thursday, with the listing on Binance, BingX, MEXC among others seeing its value skyrocket to above $2.72. The token is however 20% down since that peak as the team acknowledged a distributed denial of service (DDoS) attack . The DDoS attack coincided with the Layer 2 modular blockchain’s Token Generation Event (TGE) on January 18. The attack flooded the network with more than 135 million fake RPC requests. DDoS Attack Update on @MantaNetwork Hey everyone, we are experiencing a calculated DDoS attack on the network. This happened at 9:30AM UTC, exactly the same time as our TGE event. Since that time, we have seen over 135m requests hit the RPC nodes, which indicate...

Conflux Network introduced an EVM-compatible layer-2 solution that can interact with Bitcoin amid growing interest in crypto’s largest blockchain.  According to Conflux, users can move Bitcoin (BTC) and inscription-powered assets between its blockchain and Bitcoin’s ecosystem. The new L2 network will run atop the main Conflux chain and use BTC for gas fees while supporting Ethereum-based smart contracts via the Ethereum Virtual Machine (EVM) standard.  A mainnet is expected to roll out by May if all goes to plan. Before that, a testnet teased by the end of March will look to capture early users and developer activity.  Conflux is a China-based layer-1 network that unites proof-of-stake and proof-of-work blockchain models in its operations. Its BTC L2 solution will also rely on a similar design to offer new dapps and products, a Jan. 18 blog post explained. You might also like: Developer asks community not to underestimate Bitcoin Ordinals This paradigm shift u...

Former U.S. President and candidate in the 2024 elections Donald Trump spoke out against central bank digital currencies (CBDCs). The pledge came during a campaign speech in Portsmouth, New Hampshire, on Jan. 17. The former President spoke about banning CBDCs as part of his election campaign, saying he will “never allow” the Federal Reserve to create a digital currency. President Trump promises to nix plans for a central bank digital currency during speech in Portsmouth, New Hampshire Watch LIVE: https://t.co/EpMWdufokm pic.twitter.com/pU0l4wukMM — RSBN (@RSBNetwork) January 18, 2024 “I will never allow the creation of a Central Bank Digital Currency.” Donald Trump, former U.S. President He says that central bank digital currencies function as de facto tools to control citizens. “Such a currency would give a federal government, our federal government, the absolute control over your money […] they could take your money, and you wouldn’t even know it was gone....