Kategorie: Crypto Markets

• CyberHarbor token CHT jumped more than 200% to a new all-time high on Wednesday morning.
• The CHT price gains followed Bitcoin’s bounce to the $29k level, and as sentiment turned positive for CyberHarbor after listing on Indonesia’s largest crypto exchange indodax.
• But the token traded near $15 at the time of writing as profit taking increased.

CHT, the native token of blockchain monitoring network CyberHarbor, rallied to a new all-time high early Wednesday as the entire crypto market turned green. 

CyberHarbor price touched the $34 peak on June 21 as Bitcoin raced to the $29,000 level for the first time in weeks.

CHT token rides crypto rally to ATH: What drove the price higher?

CyberHarbor price rose sharply after news of a major institutional push for further crypto adoption via spot Bitcoin ETFs, led by global asset investment giant BlackRock, catalysed the latest crypto bounce. After flatlining for much of the last three months, CHT price pumped to $34 to bring weekly and 30-day gains to over 200% and 800% respectively.

While most of these gains occurred in the past day, momentum for CHT appears to have been building over the past few days. This is likely due to the token being highlighted for listing on indodax, the biggest Bitcoin and cryptoasset trading platform in Indonesia. Prior to this, CHT was traded on the BTCEX exchange.

As of writing, CHT had pared most of the gains, losing over 58% of upside as it appeared profit taking deals were mounting.

What’s CyberHarbor?

As noted above, CyberHarbor CyberHarbor (CHT) is a decentralized network that offers real-time anomaly monitoring. The multi-chain tool is capable of detecting real-time threats across platforms in the crypto and Web3 ecosystems, including in DeFi, oracles, cross-chain bridges and governance.

The platform’s blockchain-powered technology achieves this through transaction scanning and security testing for block by block changes. That occurs in metrics such as token and token holder transaction information and short-term security tests.

The post CyberHarbor token CHT skyrockets to new all-time high after Indonesian listing appeared first on CoinJournal.

• BlackRock, WisdomTree, Invesco have filed for spot Bitcoin ETFs and Fidelity Investments is also reported to be considering an application.
• The news has catalysed crypto market’s latest bounce, with Bitcoin (BTC) hitting $29k.
• Meanwhile, the AltSignals presale is nearly 94% sold out in stage 1, and is set to hit the targeted $1.08 million mark.

Crypto news today is headlined by reports of renewed interest in the Bitcoin (BTC) asset class, particularly by major US-based companies. These include asset managers WisdomTree and Invesco, who have joined the world’s largest asset management firm BlackRock in filing for a spot Bitcoin ETF.

Amid the potential influx of institutional investor interest, the cryptocurrency market’s bounce this week – which saw Bitcoin price retest $29,000 again – has investors also looking at AltSignals (ASI), a trading signals company whose presale is about to hit a major milestone.

BlackRock sparks spot Bitcoin ETF frenzy

While the SEC has denied all previous rule change proposals for a spot Bitcoin ETF, the spate of filings coming in hot and fast has the market buzzing. Global investment asset giant BlackRock, a $9 trillion in asset under management firm, filed for its spot Bitcoin exchange traded fund on June 15.

The filing looks to address one of the sticking points that has reportedly seen the US Securities and Exchange (SEC) reject all previous proposals – the issue of price manipulation. In its application, BlackRock cites a “surveillance agreement” with top markets platforms the Chicago Mercantile Exchange (CME).

WisdomTree, a US-based investment fund with over $83 billion in assets under management that had two previous ETF propoals denied by the SEC, is hoping to join BlackRock in persuading the securities regulator to allow the first physically-backed bitcoin ETFs in the US market. 

SEC documents show WisdomTree filed for its WisdomTree Bitcoin Trust (BTCW) on June 20 and seeks to list the ETF on the Cboe BZX exchange.

Another asset manager seeking the SEC’s seal of approval is Invesco, which has reactivated its 19b-4 document for the listing of a spot ETF. Like WisdomTree, the firm plans to list the Invesco Galaxy Bitcoin ETF on the Cboe BZX exchange.

Also reported to eyeing the spot Bitcoin ETF bandwagon is Fidelity Investments, which as highlighted here, is among the Wall Street giants to back the newly launched cryptocurrency exchange EDX. Others are Schwab and Citadel.

What is AltSignals?

AltSignals launched in 2017 and has grown to become one of the most popular trading signals providers, with its tools available for traders 24/7 across crypto, stocks and forex markets. To advance its technology further amid greater demand, AltSignals has integrated an artificial intelligence-powered layer called ActualizeAI.

ActualizeAI will leverage the power of machine learning and natural language processing to give users the most accurate trading signals. The ASI token is needed to access the AI platform and will also give holders governance rights when the company transitions into a DAO.

ASI presale on track to hit first milestone

As altcoins look to bounce amid the current market exuberance, AltSignals’ presale is on the verge of hitting a key presale milestone. The trading signals platform launched its ASI token sale a few weeks ago and has raised over $1 million in the first stage.

With 94% of the available tokens sold, the remaining percentage is likely to be scooped up quickly as the confluence of factors driving crypto markets today cascade into an investor group scouring for the next crypto gem.

The ASI token is currently priced at $0.015 and will increase to $0.01875 in the next presale stage, giving it a 25% increase. According to details on their presale page, there will only be four stages, with prices rising to $0.02274 in the final phase.

Is now a good time to buy crypto?

Opinion is divided as to the timing of the “gold rush” for spot Bitcoin ETFs by major US investment firms, led by BlackRock. In particular is the argument that this looks to be coming together at a time the SEC is cracking down on crypto exchanges, with the lawsuits against the world’s two largest crypto companies in Binance and Coinbase.

However, many also believe that the approval of a spot ETF is long overdue for the US market. A successful application by BlackRock, which has a 575-1 success rate for ETF applications, could spark fresh institutional adoption of Bitcoin and spur further growth across the ecosystem.  

In such a scenario, buying crypto now when most tokens are trading well below their bull market peaks could be a great move for investors. 

But it is also worth noting that the SEC’s rejection of the latest spot ETF proposals combined with other market conditions could have a dramatic impact on where crypto markets head both in the short term and long term.

The post WisdomTree, Invesco join spot Bitcoin ETF frenzy as AltSignals hits key presale milestone appeared first on CoinJournal.

• Bitcoin rose to $28,150, its highest level in three weeks.
• The upside comes as sentiment flipped positive on ETF news amid further whale accumulation.
• Analyst say BTC could test new year-to-date highs but bulls have to hold a key support area.

The price of Bitcoin (BTC) broke above the $28k level for the first time in three weeks, with BTC trading to highs of $28,150 on Tuesday afternoon. The gains continued the cryptocurrency’s resurgence after it recently fell below $25k.

Today’s upside saw BTC/USD jump more than 5% in 24 hours, the action resulting in the market’s largest short squeeze so far in June. Bitcoin’s dominance index also rose to above 50%, the first time it hit the level in over two years.

Bitcoin gains as sentiment flips amid whale accumulation

As the price moved to the key resistance level, crypto analytics platform Santiment pointed to the increasing trading volume and token circulation.

“Bitcoin has made a huge run in the past 4 hours, rising from $26.7k to $28.0k (+4.9%) in this brief time. The 3-week $BTC price high is being powered by rising trading volume and token circulation, both factors that often imply continued growth,” the market intelligence platform tweeted.

Bitcoin price outlook – analyst share predictions

Bitcoin’s latest gains also come after headline news around the filing of a spot Bitcoin ETF by BlackRock and reports of a similar move by Fidelity Investments. It appears bulls can now target the $30k level, although the intraday highs zone could prove to be a key hurdle.

While Bitcoin was trading around $27,950 at 4:00 pm ET on Tuesday, the gains bulls notched earlier had the world’s largest coin by market cap at levels experts have said need to break for further upside momentum.

“The burden of proof is increasing upon the bears in Bitcoin $BTC,” veteran trader Peter Brandt noted on Twitter. “The retesting of the underlying H&S has been well supported and a possible falling wedge is being completed on daily line chart.”

Here’s the chart the veteran trader shared.

Meanwhile, crypto analyst Ali has highlighted that Bitcoin’s upsurge has bulls at “stable support”.

“As long as #BTC holds above the $26,160 – $26,970 range, it has a good chance of reaching new yearly highs,” he predicted. The analyst notes that about 2.26 million addresses purchased more than 1.14 million BTC at the above range.

The post BTC spikes as bulls break $28k: Analysts share predictions appeared first on CoinJournal.

Key takeaways

• Chancer has sold more than 25% of its presale tokens within a week of launching its first presale event.

• The team seeks to raise $1 million in the first presale and will carry out 11 more presale events afterward. 

Chancer has raised more than 25% of its required funding in its presale stage just a week after it was launched. The development team has raised more than $250,000, an indication that the project could become popular amongst investors.

With more than 25% of the allocated tokens already sold, does this present an opportunity for investors to look at the project? 

What is Chancer?

The Chancer presale started a week ago, and numerous investors have already invested in the project. However, before you invest in the project, you might want to look at the project and what it brings to the broader crypto market. 

Chancer is a unique Web3 peer-to-peer (P2P) custom betting platform that allows users to live stream betting events. 

Similar to hundreds of other projects within the web3 ecosystem, Chancer is decentralised. This means that it operates a decentralised betting platform that allows users to bet on a wide range of events, beyond the sporting and popular ones. 

Chancer seeks to develop a P2P betting platform that allows users ti enjoy betting markets in real-time and based on user interests, social media connections, and expertise. 

According to their whitepaper, Chancer eliminates the constraints put in place by bookmakers. Users can set their own custom P2P betting markets using its decentralised platform. 

Perhaps one of the biggest selling points of Chancer is that it is a betting platform that is not exclusive to sporting or popular events. Users can bet on sporting events such as football and basketball matches.

However, they can also bet on any event they desire, whether mainstream or made-up. They can predict odd events such as the day man will walk on Mars or even personal bet amongst friends and colleagues to determine the first person to complete a task, 

Chancer raises over $250,000 in a week

Chancer’s token presale launched on June 13th, and the team has already made huge strides so far.

Over the last seven days, Chancer has raised $258,000, which is more than 25% of the required funds. The team seeks to raise $1 million during the presale stage and will use the funds to develop some of its products. 

CHANCER is the native token of the Chancer ecosystem and will power various activities on the platform. In the presale stage, CHANCER is going for $0.01 BUSD per token. 

The CHANCER token allows holders to create markets and invest in markets created by other users. Furthermore, the token would enable users to create, participate in, and profit from their very own predictive markets. 

Users can find and participate in markets based on their interests, expertise, and social opportunities.

The development team will also allow token holders to stake their CHANCER token, allowing them to earn more money by providing liquidity to the ecosystem. 

CHANCER token holders will also get to enjoy fees for creating and participating in markets. Furthermore, the tokens would be used to reward participants for successful betting outcomes, boosting the platform’s engagement. 

This is the first presale, and the team will organise 11 more after this. The Chancer team seeks to raise $15 million over the course of the 12 presale events. 

At the moment, investors can connect a wide range of wallets to the Chancer presale. Investors can buy CHANCER tokens by connecting their Trust Wallet, MetaMask, Coinbase Wallet, and Rainbow wallets to the Chancer platform. 

Should you invest in Chancer?

The decision to invest in Chancer should come after in-depth reading of the project’s whitepaper and an understanding of how it works. However, Chancer could prove to be an interesting project due to its unique nature.

Chancer is focusing on decentralising the betting ecosystem and could get a sizeable market share if the adoption rate soars. 

The platform allows users to enjoy transparent and easier betting processes. Chancer is still in its early stage, and the token currently goes for $0.01 BUSD in the current presale. The team will increase the price to $0.011 in the next presale event. 

The post Chancer sold over 25% of its presale tokens within a week appeared first on CoinJournal.

• Sui awarded CertiK for identifying a vulnerability dubbed “HamsterWheel” on Sui Blockchain.
• The “HamsterWheel” vulnerability traps nodes in an endless loop similar to hamsters jogging on a wheel.
• HamsterWheel attack demonstrates the evolving sophistication of threats to blockchain networks.

Sui Blockchain has awarded the blockchain security company CertiK a $500,000 bounty for identifying a threat that could have brought down the entire Sui layer-1 blockchain.

The identified vulnerability is called “HamsterWheel” and the CertiK team explained that the vulnerability was distinct from more conventional attacks that aim to crash nodes and bring down blockchains.

HamsterWheel attack details

Similar to hamsters running on a wheel, the HamsterWheel attack traps nodes and allows them to carry out operations without processing new transactions. The attack has the power to paralyze networks and render them unusable.

Certick identified the HamsterWheel vulnerability before Sui’s mainnet launch at the beginning of May 2023. Sui then went ahead and implemented fixes in response to the security threat to guard against the potential harm that an attack could cause to the blockchain.

Sui gave CertiK a $500,000 bounty as a thank-you for their efforts; emphasizing the value of bug bounty programs and preventative security measures.

Blockchain security

According to CertiK’s chief security officer Kang Li, threats to blockchain networks are constantly changing. Li stated that “the HamsterWheel attack’s discovery demonstrates the evolving sophistication of threats to blockchain networks.”

CerticK’s announcement states that additional technical information will be released and made accessible soon. Additionally, once all mitigations have been implemented and thoroughly tested, complete reports will be made public.

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