Ark 21Shares Bitcoin ETF (ARKB) will undergo a 3-for-1 share split, effective from June 16, in order to make funds more accessible to investors, announced 21Shares, one of the world’s largest issuers of crypto exchange traded funds (ETFs). In a statement released on Monday, 21Shares, a fin-tech giant, claimed that their recent step to split their stocks 3-for-1 will invite a “broader base of investors thereby enhancing trading efficiency. 21Shares clarified that their decision to spit their share 3-for-1, effective June 16, will not change their total net asset value (NAV) and the shares will continue trading under the ticker symbol ARKB. According to a report in Reuters, ARKB has gained almost 12% so far this year and nearly 27% quarter-to-date. It closed trading at $104.25 on Monday. 21Shares holds the largest suite of crypto ETPs and is one the leading provider of ETFs. ARKB is a physically backed Bitcoin… Read More at Coingape.com
Wirex, a global leader in crypto-financial services, is proud to announce the launch of Wirex Business, a comprehensive corporate banking platform designed to serve the unique needs of Web3 companies and crypto businesses.
Wirex Business offers robust tools and seamless integration of stablecoins and fiat currencies, empowering businesses to manage their treasury functions, issue corporate cards, and handle expenses efficiently in the ever-evolving Web3 landscape.
The platform enables enterprises to streamline their financial operations with advanced features such as corporate bank accounts, corporate expense and payroll Visa cards, real-time payments, instant settlement, and built-in yield on stablecoin holdings.
Designed with the self-custodial model in mind, Wirex Business ensures that businesses retain full control of their funds, giving them the confidence to manage their finances securely in a decentralized world.
Key Features of Wirex Business:
Corporate Bank Accounts: Easily manage multiple accounts in USD, EUR, GBP and stablecoins.
Corporate Expense & Payroll Cards: Issue physical and virtual cards for employee expenses and payroll management.
Instant Fiat<>Stablecoin Conversion: Seamlessly convert fiat currencies into stablecoins and vice versa in real-time.
Built-in Yield: Earn competitive yield on stablecoin holdings with no hidden fees.
Self-Custodial Model: Maintain full control of your funds, eliminating counterparty risks.
Reporting: Save time with automated accounting tools and advanced reporting to keep your finances in sync.
Wirex Business is designed to help Web3 companies, fintechs, and crypto businesses efficiently manage their financial operations and expand globally with ease.
The platform is currently onboarding new clients, with registration available at: link.
“We are excited to launch Wirex Business, as it opens up new possibilities for companies operating in the Web3 and crypto space,” said Daniel Rowlands, Managing Director of Wirex Pay. “By offering a full suite of corporate banking services, including expense management, card issuance, and seamless fiat-stablecoin integration, we are empowering Web3 companies to manage their treasury and operations with the same ease as traditional businesses. The future of finance is non-custodial and Wirex is pioneering business banking for the Web3 digital age.”
Pavel Matveev, Founder of Wirex, added, “Wirex Business represents a major step forward in bridging the gap between traditional finance and the crypto world. We understand the unique needs of Web3 businesses and are proud to provide them with the tools they need to thrive in a decentralized economy.”
About Wirex
Wirex is a global crypto-financial services platform with over 6 million users worldwide. As a principal member of Visa and Mastercard, Wirex enables individuals and businesses to use, store, and exchange digital assets seamlessly alongside traditional currencies. With a commitment to innovation and user-centric services, Wirex is driving the adoption of digital currencies and advancing the future of payments.
Amid the ongoing confusion in the cryptocurrency market, Chainlink’s native token LINK has shown bearish price action and is poised for a decline. However, the current market sentiment remains bearish, with top assets like Bitcoin (BTC), Ethereum (ETH), and XRP also experiencing notable price declines.
This downturn is potentially influencing overall market sentiment.
Chainlink (LINK) Technical Analysis and Upcoming Levels
According to expert technical analysis, LINK appears to be forming a bearish double-top pattern on the four-hour timeframe. While this pattern is yet to be complete, the chart also shows a bearish divergence, further supporting this negative outlook.
Based on historical price momentum, if the asset closes below the $16.15 level, there is a strong possibility of a 22% decline, bringing it down to $12.75 in the coming days. A bearish divergence occurs when the Relative Strength Index (RSI) and the double-top pattern align, specifically when the pattern’s tops are parallel while the RSI’s tops decline.
Source: Trading View
Current Price Momentum
Following the formation of the pattern, the asset has begun moving downward. LINK is currently trading near $16.31 and has dropped 4.5% in the past 24 hours. Meanwhile, its trading volume has surged by 12%, indicating increased participation from traders and investors compared to the previous day.
Traders Lean Bearish
With the ongoing price decline and bearish price action, intraday traders seem to be following the current market sentiment, strongly betting on the bearish side, as reported by the on-chain analytics firm Coinglass.
Data reveals that traders are currently over-leveraged, with key levels at $16 on the lower side and $17.50 on the upper side for both bulls and bears. At these levels, they have built $4 million worth of long positions and $10 million worth of short positions, indicating that bears are currently dominating and could push LINK’s price even lower.
The post Chainlink (LINK) Poised for 22% Price Decline, Here’s Why appeared first on Coinpedia Fintech News
Amid the ongoing confusion in the cryptocurrency market, Chainlink’s native token LINK has shown bearish price action and is poised for a decline. However, the current market sentiment remains bearish, with top assets like Bitcoin (BTC), Ethereum (ETH), and XRP also experiencing notable price declines. This downturn is potentially influencing overall market sentiment. Chainlink (LINK) …
The crypto market’s turmoil remains consistent, but the dips have become a buying opportunity, as investors leverage into altcoins to buy at low prices. Donald Trump’s Liberation Day became the bearish catalyst for the market, crashing crypto prices significantly. The introduction of tariffs ignited the trade war, especially between the US and China, impacting all the financial markets. However, three cryptos defied the odds, how? Let’s discuss.
Top 3 Bullish Altcoins to Buy
Trump’s Liberation Day has highlighted the impact of macroeconomic events on the crypto market, as it wiped out billions of dollars from digital assets. Most crypto prices faced a significant drop, including Bitcoin, but some defied the odds with minimal impact or fast recovery. This includes Fartcoin, Solayer, Virtual Protocol, and other altcoins that investors should consider to buy.
1. Fartcoin (FARTCOIN)
Fartcoin is among the most bullish Solana meme coins, having surged more than 195% in the last 30 days alone. With a surge in demand, this altcoin succeeded in beating Trump’s Liberation Day-fueled crash. It currently trades at $1.14 with a market capitalization of $1.14B per CoinMarketCap.
2. Solayer (LAYER)
Solayer is among the best top altcoins to buy due to its 127% surge in the month, creating an ATH high milestone just a few hours ago. The token currently trades at $3.06 and is highly bullish due to the Binance exchange listing.
3. Virtual Protocol (VIRTUAL)
In contrast to the aforementioned altcoins, Virtual Protocol has entered a consolidation period today, with the price declining nearly 10%. However, experts call it a ‘buy-the-dip’ opportunity as the token is setting a step down before jumping higher. In the last 30 days, its price has surged more than 120%, currently trading at $1.29.
Bottom Line
The crypto market has recovered significantly from Trump’s Liberation Day-influenced crash, but the uncertainty still exists. The investors are awaiting the upcoming FOMC meeting and Fed rate cuts to witness liquidity inflow and crypto prices. Interestingly, despite the crash, a few altcoins showed bullishness that investors can consider to buy.
