Cryptocurrency prices had a mixed performance this week as investors focused on the recent Federal Reserve minutes and the ongoing Bitcoin consolidation. BTC price remained below $100,000, while the crypto fear and greed index moved to the fear zone. Still, there were some standout coins like Maker (MKR), Pyth Network (PYTH), and Alchemy Pay (ACH).
Grayscale, a major player in the asset management space, has launched a new fund aimed at providing exposure to an emerging altcoin.
Pyth Network: the new blockchain ecosystem.
Grayscale Investments has introduced the Grayscale Pyth Trust, a new investment vehicle offering accredited investors exposure to PYTH, the governance token of the Pyth oracle network. Pyth delivers real-time price feeds essential for decentralized applications (dApps), particularly within the Solana ecosystem, where it powers 95% of protocols.
Most altcoins have crashed by double digits in the past few weeks. Solana, Bonk, Pepe, and Raydium prices have plunged by double digits, meaning that they have moved into a deep bear market. So, let's explore why these altcoins have plunged and what to expect in the near term.
Grayscale Investments has introduced the Grayscale Pyth Trust, allowing investors to gain exposure to the PYTH governance token while avoiding the technical challenges of direct cryptocurrency ownership.
The fund claims to offer “higher-beta” exposure to the growth of the Solana ecosystem as Grayscale continues to expand its suite of single-asset crypto funds.
Grayscale is adding to its offerings, debuting a Pyth Trust as demand for crypto-focused investment products surges.
Grayscale's Pyth Trust launch could accelerate institutional crypto adoption, offering a regulated pathway to emerging digital asset investments. The post Grayscale launches Pyth Trust for US accredited investors appeared first on Crypto Briefing.
Crypto-focused asset manager Grayscale has announced the creation and launch of the Grayscale Pyth Trust. Pyth Trust is a single-asset crypto investment fund designed to offer exposure to Pyth Network (PYTH), the native governance token of the oracle network's ecosystem.
The Grayscale Pyth Trust offers accredited investors exposure to PYTH, the governance token behind Solana's leading oracle network.
Crypto asset management firm Grayscale Investments has announced the launch of a new investible asset on Tuesday. The new Grayscale Pyth Trust will offer accredited investors exposure to PYTH, the governance token of the Pyth network.
Robinhood's expansion into Solana-based tokens could boost retail investor engagement and support the growth of decentralized finance ecosystems. The post Robinhood expands crypto offerings with Pyth Network token PYTH appeared first on Crypto Briefing.
Raydium (RAY), a decentralized exchange (DEX) and liquidity provider built on the Solana blockchain, has seen significant growth and adoption since its inception. The platform works in collaboration with Serum DEX, leveraging an automated market maker (AMM) model to provide liquidity.
Raydium has jumped by 15% today, with the Solana-based coin rising to $5.60 as the cryptocurrency market suffers a 0.5% dip in the past 24 hours.
Cryptocurrency prices were on edge on Tuesday morning as investors waited for the upcoming Jerome Powell's congressional testimony and US consumer inflation data. Bitcoin traded at $97,000, while the crypto fear and greed index was at $3.2 trillion. This article explores the forecast of key cryptocurrencies like IOTA, Raydium (RAY), and Litecoin (LTC).
PancakeSwap (CAKE) token rose to a high of $2.1600, up by over 75% from its lowest level this month, bringing its market cap to $556 million.
The crypto politics that shaped recent years came to an abrupt end in July, when Donald Trump took the stage at the Bitcoin Conference in Nashville. His speech was bold, fresh, and revolutionary.
The AMM's month-old perps service is already seeing $100 million in daily volume.
Raydium (RAY) has found itself in a volatile phase, down nearly 20% from its January 30th high. The recent price action has been marked by significant fluctuations, with many traders liquidated in the process.
The liquidation heatmap showed that the closest magnetic zones of note were at $6.64 and $5.7.
Raydium's (RAY) price has rebounded more than 10% after the Monday morning crash, pushing its market cap close to $2 billion. Technical indicators are now showing signs of a potential bullish continuation.
Cardano has been a popular cryptocurrency with over $15.6 billion in staked volume and millions of holders. Yet ADA has been a laggard in the crypto industry, with its price being 76% below its all-time high, and its ecosystem lagging that of other layer-1 blockchains.
Cryptocurrency prices bounced back in the overnight session after Donald Trump paused the sweeping tariffs on Mexico and Canada, removing one of the biggest risks in the market. Bitcoin jumped to over $100,000, while most altcoins jumped by over 10%.
The DEX Raydium has just surpassed its rival Uniswap in terms of volumes recorded during the month of January.
Decentralized trading volume on Solana far outpaced the volume on Ethereum's mainnet in January, according to The Block's data.
Raydium (RAY) has seen an impressive 15% surge in the last 24 hours, pushing its price to $7.50. This bullish movement follows the formation of a cup-and-handle pattern, which often signals a potential breakout.
A technical error in creating a liquidity pool on Raydium led to a $12 million loss for Ross Ulbricht-linked wallets when 40% of their ROSS token holdings were sold at severely discounted
Raydium surges 15%, forming a bullish pattern as traders eye a breakout past $8.
Jupiter's total value locked (TVL) has now surpassed Raydium's, positioning it as the second-largest protocol on the Solana blockchain. This comes after a series of positive developments within the decentralized exchange (DEX) over the past week.
Raydium (RAY), one of the leading tokens in the decentralized finance (DeFi) space, has shown impressive growth over the past week. The token has seen a remarkable surge of over 60%, positioning itself as one of the top performers in its category.
Raydium's weekly rally highlights strong momentum, but caution emerges from mixed technical indicators.
Raydium (RAY), the native token of Solana-based automated market maker (AMM) and liquidity platform, has recently experienced a significant price surge, reaching its highest levels since 2021. This surge comes in the face of a broader market downturn, making RAY the standout performer in the crypto space.
Raydium price continued its strong rally, reaching its highest level since December 2021, as its network growth surged. Raydium (RAY) crossed the critical resistance level at $8, rising by over 8,000% from its 2023 low.
Raydium (RAY), the decentralized exchange (DEX) built on the Solana blockchain, has been making waves in the crypto market recently, hitting the $7 mark for the first time since 2021. The altcoin's impressive 15% surge in just 24 hours has made it one of the most notable performers in a market that has seen some bearish action in recent times.
Raydium (RAY), a decentralized finance (DeFi) protocol built on the Solana blockchain, has garnered attention for its unique features, acting as an Automated Market Maker (AMM) and liquidity provider for the Serum DEX. The RAY token is integral to the platform, used for staking, governance voting, and earning protocol fees.
The breakout beyond the range highs occurred on high trading volume, indicating bullish conviction.
RAY, the native token of Solana-based automated market maker (AMM) and liquidity provider Raydium, has emerged as the market's top gainer over the past 24 hours. This has happened despite the broader market pullback during that period.
Amid increased bearish action, the crypto market has dropped to a notable extent with the price of Bitcoin retesting its important support trendline. Talking about the Ethereum-killer Solana, the SOL price has experienced a major correction following the rising concern about the Solana Network congestion.
Raydium price has surged to a record high of $7.8520, making it one of the best-performing crypto token in the industry. It has soared by over 3,200% as its network continued to flip popular decentralized exchange networks like Uniswap and PancakeSwap.
Here is how some of your favorite assets concluded the week.
RAY has enjoyed the spoils of Raydium DEX's impressive lead in Solana.
Raydium (RAY) has had an exceptionally bullish week, surging over 62% in less than six days and capturing the spotlight in the decentralized exchange (DEX) market. This impressive rally has positioned Raydium as a market leader, with strong momentum that shows no signs of slowing down.
A surge in DEX token prices coincided with the launch of the so-called “official” Trump meme coin on Solana. Solana DEX tokens like Raydium, Jupiter, and Orca prices were among the top gainers in the hours that followed.
TL;DR Pyth Network's Lazer Oracle offers ultra-low-latency price feeds, bridging the gap between DeFi and TradFi with real-time data updates. Key features include customizable frequency channels and detailed market data, enabling DeFi protocols to compete with centralized exchanges. The launch marks a significant milestone, eliminating inefficiencies and front-running risks, driving growth in the DeFi space.
Pyth Network has introduced Lazer, a new oracle solution designed to complement its existing Pyth Core offering.
Investors today are buying cryptocurrencies that hold strong, as this is a major step towards owning digital assets and gaining financial freedom. This was the picture PYTH and TEZOS painted, holding firm in the cryptocurrency market until recently when their prices started dipping.
The beta phase of Raydium includes over 70 trading pairs with leverage reaching 40x. It also introduces zero maker fees and taker fees set at 0.025%.