STELLAR PRICE ANALYSIS & PREDICTION (April 6) – XLM Poises For a New Drawdown as it Approaches Key Support

XLM’s daily outlook appears bearish following a significant loss in the past week. This came after failing to push above a key level last month and is now back in a downward range, looking ready for another crackdown. After witnessing a small recovery in March, XLM marked resistance at $0.3 and slowly resumed bearish in … Read more

Stablecoins are the best way to ensure US dollar dominance — Web3 CEO

Stablecoins are the single best tool for the United States government to maintain the US dollar’s hegemony in global financial markets, according to LayerZero Labs CEO and founder Bryan Pellegrino. In an interview with Cointelegraph, the CEO of LayerZero Labs, which created the LayerZero interoperability protocol recently chosen by Wyoming to be the distribution partner … Read more

Bitcoin price drops below $80K as stocks face 1987 Black Monday rerun

Bitcoin (BTC) turned up volatility into the April 6 weekly close as fears of a stock market crash contrasted with bullish BTC price targets. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView CNBC’s Cramer: 1987 crash not “off the table yet” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping below $80,000 on the day, down 3% … Read more

Crypto Chill: Bitcoin Dips 2.6% Under $81K Ahead of Wall Street’s Next Move

Bitcoin’s price receded by 2.6% today, dipping below the $81,000 mark in a subtle yet thought-provoking shift. This pullback may serve as a cryptic overture to Monday’s Wall Street open, stirring quiet apprehension among market participants. Market on Edge: Bitcoin Retreats as Global Liquidity Clouds the Outlook On April 6, bitcoin’s valuation declined, landing at … Read more

900 EH/s and Counting: Bitcoin Network Power Reaches Unprecedented Heights

Bitcoin’s hashrate has soared to unprecedented heights, hitting an astonishing 900 exahash per second (EH/s) as of April 6. 900 EH/s Milestone: Bitcoin’s Security Fortress Grows Stronger Merely a day earlier, at block 891,072, the network’s difficulty adjusted upward from 113.76 trillion to 121.51 trillion—a striking 6.81% leap. Conventional wisdom suggests that as difficulty climbs, … Read more

CFPB likely to step back from crypto regulation —attorney

The Consumer Financial Protection Bureau (CFPB) will likely see a reduced role in crypto regulations as other federal agencies like the Securities and Exchange Commission (SEC) and state-level regulators assume a bigger role in crypto policy, according to Ethan Ostroff, partner at the Troutman Pepper Locke law firm. “I think with the current administration, my … Read more

As gaming giants crumble, onchain gaming promises remain unfulfilled

Opinion by: Daryl Xu, co-founder and CEO, NPC Labs While gaming has been on a steady decline since the end of COVID-19 lockdowns, 2024 hit the industry especially hard, with layoffs and studio closures hitting even the most prominent studios.  While unsustainable development costs and an innovation crisis seem to be the main culprits behind … Read more