Crypto exchange Binance has announced support for Live Trading, a new feature that would make trading easier for Binance Square users. Binance Square is a social network with a reported 30+ million active users. With the live trading feature, users can now watch the livestream of expert traders on Binance Square to improve their trading skills. Besides offering some of the best coins to trade, the new feature puts Binance at the forefront of crypto innovation. Binance aims to increase community participation with this feature. Live Trading to Reward Creators on Binance The Live Trading feature blurs the line between learning, watching, and trading as it changes how traders interact with content and the crypto market in real time. At its core, Live Trading provides key market insights to users. With this, users can now tune into a livestream on Binance Square and watch the trading strategies of more experienced… Read More at Coingape.com
With Bitcoin hovering around $103,500, well-known crypto trader James Wynn has made a bold prediction: the crypto market is about to crash hard.
Wynn, who holds a $70 million short position on Bitcoin, warned on X (formerly Twitter) that rising tensions between Iran and Israel could spark a global crisis — possibly even World War 3 — if the U.S. gets involved.
“If the USA gets involved, that is a declaration of a world war. Markets will nuke,” Wynn wrote.
Wynn says this weakness is caused by a mix of global tension, low liquidity, and fading investor confidence.
“Lower Before Higher,” Says Wynn
Despite the panic, Wynn remains confident that crypto will bounce back — but only after a major drop.
He believes upcoming Federal Reserve interest rate cuts and money printing will push crypto into a new bull run later this year.
“Crypto will win. But lower, before higher,” he stated.
Still, for now, he’s doubling down on his bearish bet, increasing his $70 million short position.
Investors Divided
Wynn’s decision has sparked major debate. Some see it as a smart hedge during uncertain times, while others think it may miss the mark if the market recovers quickly.
Meanwhile, the Federal Reserve is sending mixed signals — with one official hinting at rate cuts by July, while Fed Chair Jerome Powell advises caution.
A Turning Point for Crypto?
With global tensions rising and crypto already facing massive liquidations, the market could be on the brink of a major move.
Will Wynn’s bold bet pay off — or will it mark the bottom before a massive rebound?
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
The post Bitcoin Crash Coming Next Week? James Wynn’s $70M Short Position Says So appeared first on Coinpedia Fintech News
With Bitcoin hovering around $103,500, well-known crypto trader James Wynn has made a bold prediction: the crypto market is about to crash hard. Wynn, who holds a $70 million short position on Bitcoin, warned on X (formerly Twitter) that rising tensions between Iran and Israel could spark a global crisis — possibly even World War …
Dogecoin’s Shiba Inu mascot is racing into the spotlight once again. The meme-inspired cryptocurrency will be prominently displayed on Devlin DeFrancesco’s IndyCar at the Indianapolis 500, one of America’s most-watched motorsport events.
The initiative is backed by a partnership involving the Dogecoin Foundation, House of Doge, Rahal Letterman Lanigan Racing, and the driver himself.
Dogecoin Returns to the Track at Indy 500 With Charity-Fueled Campaign
In the weeks leading up to the race, Dogecoin supporters selected the car’s final livery through a community vote, choosing from three DOGE-themed designs.
The winning look, called Blaze, will feature prominently on both the vehicle and the driver’s helmet.
Dogecoin-Backed IndyCar at the Indianapolis 500. Source: Dogecoin
Although DeFrancesco has yet to crack the top 10 at the Indy 500—his best finish was 13th in 2023—he remains a fan favorite. His odds of winning this year sit below 1%, according to crypto-based prediction marketPolymarket.
Still, the campaign’s real traction may come off the track.
A fundraising initiative linked to the Dogecoin sponsorship has raised 117,947 DOGE, or roughly $26,000, for Riley Children’s Foundation.
The organization supports Riley Children’s Health, one of the top neonatology centers in the United States.
NFL Pro Bowler Dion Dawkins added to the momentum with an 8,000 DOGE donation from a self-custodial wallet created during the race weekend.
The donations will support intensive care treatment for newborns with complex medical conditions.
Following the race, DeFrancesco plans to auction off his Dogecoin-themed helmet, with proceeds also going to Riley Children’s Hospital.
Notably, the driver once spent four months in an incubator at Sunnybrook Hospital in downtown Toronto.
Meanwhile, this isn’t Dogecoin’s first motorsport sponsorship. The crypto community previously funded a NASCAR car in 2014 and backed another entry in 2021.
Solana (SOL) has increased by 2% in the last 24 hours, riding the broader market’s optimism ahead of the upcoming FOMC meeting. The Layer-1 (L1) coin currently trades at $147.83.
On-chain data shows a spike in demand for long positions, indicating that a growing number of traders are positioning for a price rally.
Solana Futures Show Strength Ahead of FOMC
The slight uptick in trading activity across the crypto market over the past 24 hours has pushed SOL’s price up by 2%. This modest gain reflects growing investor optimism as markets gear up for today’s FOMC meeting.
SOL’s futures traders have expressed optimism by upping their demand for long positions. According to Coinglass, the coin’s long/short ratio is at a monthly high of 1.04, signaling a preference for long positions among its futures market participants.
The long/short ratio measures the proportion of bullish (long) positions to bearish (short) positions in the market. When its value is below one, more traders are betting on an asset’s price dip than on its rally.
Conversely, as with SOL, a ratio above one means more long positions than short ones. This suggests bullish sentiment, with most SOL futures traders expecting its value to rise.
Further, on the daily chart, SOL’s rising Relative Strength Index (RSI) confirms the spike in demand for the altcoin. At press time, this momentum indicator is at 57.54.
The RSI indicator measures an asset’s overbought and oversold market conditions, ranging from 0 to 100. Values above 70 typically signal an asset is overbought, while an RSI below 30 indicates oversold.
SOL’s current RSI reading signals growing bullish momentum and leaves room for further upward movement before entering overbought territory.
SOL Price Balances on Support Line
As of this writing, SOL trades at $147.69, bouncing off the support at $142.59. If demand soars and market conditions remain favorable post-FOMC meeting, SOL could extend its rally and climb toward $171.88, a high it last reached on March 3.
However, if the upcoming FOMC meeting sparks a resurgence in bearish pressure, SOL could face renewed selling momentum. In such a scenario, the coin may break below the support level at $142.59, paving the way for a deeper decline toward $120.81.
