Coinstore Hits 10 Million Users Milestone, Join Grand Celebration with $100,000+ Prize Pool

Coinstore, the leading cryptocurrency exchange, has reached 10 million registered users worldwide, marking a significant milestone in its growth journey. This achievement is more than just a number—it reflects Coinstore’s rapid momentum and expanding presence in the crypto industry. To commemorate this extraordinary achievement, Coinstore will host a grand celebration event featuring a $100,000+ prize pool and exclusive rewards for both new and regular users.

When Coinstore reached 10,000,000 users, it marked a pivotal moment in history. Coinstore had already demonstrated its commitment to user security, intuitive design, and responsive customer service. This foundation helped propel Coinstore from a promising newcomer to an established builder in the crypto industry.

“Reaching 10 million users is an extraordinary milestone for Coinstore, but this is just the beginning,” said Johnson, CEO at Coinstore. “While we’re proud of this achievement, we see it as merely the first chapter in our story. Moving forward, we will continue to put our users first in everything we do, from enhancing security and improving user experience to expanding our services and entering new markets. Our users’ trust is the foundation of our success, and we’re committed to building a platform that serves their needs not just today, but well into the future.”

To commemorate this historic 10 million user milestone, Coinstore is unveiling an extensive 10M Celebration campaign running from April 21st to May 8th, 2025. The celebration features an unprecedented lineup of incentives and events with a $1000,000 rewards pool.

Celebrate with Coinstore, $10,000 Giveaway: Celebrate this milestone with Coinstore’s partners while exploring exciting crypto projects and sharing in a $10,000 prize pool. Simple tasks, generous rewards!

10M Users, the Celebration Starts Now: Join our platform campaign to share $100,000 prize pool from 22nd April to 8th May.

Social Media $15,000 airdrop: Join the excitement across our social media channels! With a combined prize pool of $15,000, everyone has a chance to win big. Participate in giveaways, joint airdrops with KOLs, create content for Cointore’s milestones, and test your knowledge in weekly quizzes and polls. Don’t miss these opportunities to engage and win!

A series of exciting spaces in collaboration with our partners and renowned projects awaits! Join us as we dive into meaningful discussions, explore innovative crypto projects, and share insights that shape the future of the industry. To make it even more exciting, there’s a generous prize pool of $6,000 for grabs. Don’t miss this opportunity to connect, learn, and win big!

The two weeks long celebration window ensures maximum participation opportunity for Coinstore’s global community, allowing users across all time zones and schedules to take full advantage of these unprecedented offerings.

This campaign invited ecosystem partners from the Coinstore, including My First Million, RECON, ANTY, Zarraz Dollar, Anryton, Xphere, Airdao, Oxygen Hunters, $GOHOME, RedBelly Network, PussFi, NexBridge, and First Digital to participate together.

Media coverage for the event is supported by partners including BeInCrypto, Coinpedia, M post , Coinedition, Voice Of Crypto, Cryptonite, Coinscapture, TheNewsCrypto, CoinGabbar, Blog Tiền Ảo, DroomDroom, BitPinas, Cryptic Web3, Connect Web 3, The Blockopedia, BitDigest, Geekmetaverse.com, Lydian Labs, Allconfs, TokTimes, 36 Crypto, KTRO Media, AZCoiner, Tiendientu, and Lcadamey.

Coinstore expresses its deepest gratitude to all users for their unwavering support and trust. Reaching 10 million users represents not just a company milestone but a testament to the growing global crypto community. Coinstore pledges to stay at the forefront, developing  solutions that empower users to thrive in this dynamic environment. 

About Coinstore

Accessibility. Security. Equity.

As a leading global platform for cryptocurrency and blockchain technology, Coinstore seeks to build an ecosystem that grants everyone access to digital assets and blockchain technology. With over 10 million users worldwide, more than 1,100 listed tokens including 100+ premium digital assets. Coinstore is dedicated to providing secure, professional, and accessible digital asset trading service.

As a pioneer in Launchpad, Coinstore’s Launchpad have shown remarkable performance, with  an average ROI of prime exceeding 1,200%. Coinstore, the first choice for the initial launch.

Official website | Linkedin | Telegram | X

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Onyxcoin (XCN) Price’s 11% Rise In 24 Hours May Not Survive For Too Long

Onyxcoin (XCN) experienced an impressive rally earlier this month but has struggled to recover from subsequent declines. Despite initial optimism, the altcoin has failed to regain its momentum, leaving XCN holders increasingly impatient. 

As the market sentiment turns uncertain, XCN enthusiasts are questioning the potential for a price uptrend.

Onyxcoin Investors Are Uncertain Of Returns

The current market sentiment for Onyxcoin is largely negative, as reflected in its funding rate. The negative funding rate indicates that more traders are betting against the coin by placing short contracts in the futures market. 

This growing dominance of short positions signals skepticism among investors, who are primarily aiming to profit from a potential price drop rather than expecting upward movement. The market is currently more inclined toward caution, and the lack of confidence in a price uptrend has led to increased bearish sentiment among traders.

XCN Funding Rate.
XCN Funding Rate. Source: Coinglass

Onyxcoin’s macro momentum also presents challenges for investors. The Chaikin Money Flow (CMF) indicator, which measures the volume-weighted average of accumulation and distribution, is currently in negative territory, signaling that outflows are still dominating the market. Although the CMF is slightly rising, it has not been able to sustain any meaningful upward movement. This continued dominance of outflows suggests that XCN is still struggling to maintain bullish momentum.

Until the CMF consistently rises above the zero line, the overall sentiment remains cautious. This inability to gain traction could hinder XCN’s potential to break past key resistance levels, leaving the altcoin vulnerable to further declines.

XCN CMF
XCN CMF. Source: TradingView

XCN Price Needs A Boost

XCN price is currently trading at $0.0186, showing a modest 11% increase over the last 24 hours. While the broader crypto market has experienced an uptick, XCN may struggle to hold above its support at $0.0182.

If the altcoin fails to maintain this level, a drop to $0.0150 is likely, marking a two-week low for the token. This would wipe out the recent gains and could trigger further selling as investors look to minimize their losses.

XCN Price Analysis.
XCN Price Analysis. Source: TradingView

On the other hand, if XCN successfully secures $0.0182 as a support floor, it could signal a potential recovery. In this scenario, the altcoin might rise to $0.0237, invalidating the bearish outlook and providing an opportunity for further gains. However, this will require stronger investor confidence and broader market support.

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XRP News Update: Teucrium CEO Calls Ripple Coin the Most Useful Crypto After ETF Launch

XRP News Update: Teucrium CEO Calls Ripple Coin the Most Useful Crypto After ETF Launch

In the latest XRP news update, Teucrium CEO Sal Gilbertie addressed the Ripple token as the cryptocurrency with the highest utility. After launching the first-ever XRP ETF, the investment firm’s CEO remains vocal about the token’s utility and real-world use cases.

While hailing XRP as the most useful crypto asset, Gilbertie underscored its unique value proposition and strong development backing. Let’s explore the token’s unique use cases through the lens of the Teucrium CEO.

XRP News: Why Did Teucrium Choose Ripple Token? CEO Explains

In a recent interview with Bloomberg, Teucrium CEO Sal Gilbertie praised the XRP token for its real-world utility. For him, XRP stands unique among other cryptocurrencies due to its dual strengths: a tradable asset with a clear function and robust development support. Gilbertie cited,

We chose XRP because we believe it’s the coin with the most utility. It’s not just speculation; it facilitates real transactions. Ripple is a team of true professionals.

Bitcoin or XRP?

Furthermore, the Teucrium CEO shared a comparative study on XRP and Bitcoin. Contrasting XRP with BTC, the CEO described the former as a practical tool for transferring value. He posited, “Bitcoin is a store of value, and that’s valid. But XRP has a real use case.”

Teucrium CEO Praises Ripple Team

Investment giant Teucrium recently launched the first-ever XRP ETF, sparking optimism within the Ripple community. After a week, the CEO came forward, expressing the platform’s enthusiasm for the project.
In addition, CEO Gilbertie praised Ripple and its team for their endeavors over the past years. He hailed the Ripple team as “professional people working really hard.”

According to Gilbertie, both Ripple and XRP are paving the way for a significant shift in the financial landscape. He added that the platform envisions a future where everything is tokenized.

Further bolstering his statements, he addressed Ripple’s recent acquisition of the broker-dealer Hidden Road. He acknowledged it as a phenomenal development towards the integration of traditional finance with decentralized finance (DeFi).

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Tesla Bitcoin Holdings Remain Untouched Despite Slump in TLSA Stock and Q1 Earnings

Tesla Bitcoin Holdings

The post Tesla Bitcoin Holdings Remain Untouched Despite Slump in TLSA Stock and Q1 Earnings appeared first on Coinpedia Fintech News

Tesla stock took a hit after the EV giant reported a 9% drop in total revenue for Q1 2025, down from $21.3 billion to $19.3 billion. But in a surprising move, Tesla Bitcoin holdings remained unchanged, signaling the company’s continued confidence in crypto despite market and operational headwinds.

Tesla Holds 11,509 BTC Amid Market Turbulence

According to Bitcoin Treasuries, Tesla still holds 11,509 BTC, making it the fifth-largest public company with Bitcoin exposure. Competitors ahead include MicroStrategy (538,200 BTC), Marathon Digital (47,531 BTC), Riot Platforms (19,223 BTC), and CleanSpark (11,869 BTC).

Despite Bitcoin’s 11.7% decline in Q1, Tesla did not liquidate any part of its crypto reserves. With new FASB rules now requiring firms to mark crypto assets at fair market value each quarter, Tesla’s holdings dropped from $1.076 billion to $951 million—but the company held firm.

Tesla Earnings Hurt by Tariffs, Not Bitcoin

While Tesla earnings took a blow due to rising costs driven by Trump’s aggressive import tariffs on EV components, Bitcoin wasn’t to blame. Automotive revenue declined by over 20% year-over-year, while net income plunged to 12 cents per share from 41 cents.

Tesla’s decision to keep its Bitcoin stash intact highlights a long-term crypto strategy—one that contrasts sharply with the short-term volatility in both traditional and digital markets.

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.

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Tesla stock took a hit after the EV giant reported a 9% drop in total revenue for Q1 2025, down from $21.3 billion to $19.3 billion. But in a surprising move, Tesla Bitcoin holdings remained unchanged, signaling the company’s continued confidence in crypto despite market and operational headwinds. Tesla Holds 11,509 BTC Amid Market Turbulence …

Good Game Group Launches $GDGM Token to Power Next-Gen Web3 Gaming and Community Engagement

good-game

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As blockchain technology continues to reshape the digital entertainment industry, one of the latest integrations of Web3 and gaming has emerged through the launch of the $GDGM token this week. Announced in collaboration with TheBlock. — The International Chamber of Virtual Assets – — Good Game Group is bringing its vision for a globally interconnected gaming ecosystem to life with this bold new step.

The launch of $GDGM is a strategic blend of content, community, and commerce—three pillars at the heart of Good Game’s operations. The token, built on the Avalanche blockchain, is set to unlock a wide range of experiences and opportunities for its holders, from exclusive gaming events to collectible digital assets and in-game rewards.

good-game

The gaming industry is massive, with over 3.3 billion players worldwide and a market size exceeding $240 billion. Yet, it lacks a unifying platform that brings together the best of entertainment, community engagement, and digital asset ownership. Good Game Group is positioning itself to change that.

With $GDGM, the company says it wants to create a seamless bridge between its physical Hubs—where the core Reality Show (reaching 1 billion impressions in 2025), live tournaments and content creation take place—and its expanding digital footprint. The token serves as both a utility and access mechanism, giving holders a range of exclusive benefits – VIP access to live tournaments and reality-show filming, behind-the-scenes content and influencer interactions, merchandise and collectible NFTs, staking rewards, gamified incentives, and more.

TheBlock. as a Launchpad for Innovation

Critical to this launch is the partnership with TheBlock, a Dubai-based virtual asset chamber designed to support startups and scale-ups in the blockchain space. Known for providing regulatory guidance, business development support, and access to investor networks, TheBlock. offers a fertile environment for the $GDGM token to thrive.

Dubai’s rapid ascent as a leader in digital asset innovation is well-aligned with the ambitions of both Good Game and TheBlock. The city’s favorable regulatory climate and investment-friendly infrastructure have attracted global interest, and this collaboration is set to further solidify its status as a Web3 capital.

“We built TheBlock. to empower blockchain projects like Good Game to launch and scale effectively,” said Farbod Sadeghian, Founder of TheBlock. “Dubai is becoming a global leader in digital assets, and we’re excited to support Good Game’s journey within our ecosystem.”

In addition to TheBlock., the launch of $GDGM is backed by AMN Virtual Asset FZE and Pegasus Fintech Group. These strategic allies bring a wealth of expertise in compliance, infrastructure development, and ecosystem integration, ensuring that the token’s rollout is both secure and scalable.

The choice of Avalanche as the underlying blockchain further enhances the project’s efficiency and speed. Known for its high-performance architecture, Avalanche allows near-instant transaction processing and minimal fees—essential for a token that will be used in high-volume, real-time gaming environments.

The pre-token generation event (TGE) rounds for $GDGM are now open to select partners, with a public sale scheduled to launch later in April. Additional details, including a comprehensive Light Paper, are available on Good Game’s official website.

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As blockchain technology continues to reshape the digital entertainment industry, one of the latest integrations of Web3 and gaming has emerged through the launch of the $GDGM token this week. Announced in collaboration with TheBlock. — The International Chamber of Virtual Assets – — Good Game Group is bringing its vision for a globally interconnected …

Will Bitcoin Price Hit $100K This Week or Crash Again? 

Bitcoin Price

The post Will Bitcoin Price Hit $100K This Week or Crash Again?  appeared first on Coinpedia Fintech News

Bitcoin has re-entered bullish territory, surging above the $93,000 mark, as its price continues to climb, confirming a powerful upside trend. This move aligns with 10x Research’s prediction, which turned bullish on April 12. Since then, BTC has gained over 10%, with the next key resistance level between $94,000 and $95,000. A clean breakout from this zone could pave the way for Bitcoin to hit six figures, fueling further optimism in the market.

Echoing this sentiment, Michaël van de Poppe highlighted Bitcoin’s strong uptrend, pointing to the breakout above $87,000 as the catalyst for testing the $92,000 to $94,000 range. He expects some short-term consolidation between $93,500 and $95,250 but remains bullish, suggesting the possibility of a fresh rally toward new all-time highs.

Institutional Inflows Drive Bullish Sentiment

Driving this bullish momentum are significant ETF inflows, with Bitcoin ETFs experiencing their best day since January 17, 2025, potentially attracting over $1 billion. 10x Research’s Money Inflows Indicator has also shown a sharp rise in institutional interest, with cumulative inflows reaching $146.3 billion since January. This growing confidence among institutional players is adding fuel to the rally.

The futures markets have also seen a surge, with open interest climbing from $22 billion to $29 billion. This increase in leverage suggests that buying pressure remains high as investors become more confident in Bitcoin’s potential. The fading political tension, following Trump’s softer stance on tariffs and interest rates, further contributes to the risk-on sentiment.

Stablecoin Activity Still Lagging, But Hopeful Outlook

However, analysts remain cautious, noting that stablecoin activity is still not at full strength. Stablecoins are often used to purchase cryptocurrencies, and their slower pace of minting could raise concerns about the sustainability of the rally. Nevertheless, stablecoin inflows have started to pick up, and any decrease in uncertainty could reignite liquidity across the board.

Path to $100K: Institutional Demand Supports Rally

With strong technical indicators, rising institutional inflows, and a favorable political climate, Bitcoin is well-positioned to break through resistance levels. A push above $95,000 could trigger liquidations, adding more fuel to the rally. Major institutions, including Fidelity, BlackRock, ARK Invest, and Bitwise, are actively accumulating Bitcoin, reinforcing its bullish outlook and increasing the likelihood of Bitcoin reaching the $100,000 mark soon.

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 Will Bitcoin Price Hit $100K This Week or Crash Again?  appeared first on Coinpedia Fintech News
Bitcoin has re-entered bullish territory, surging above the $93,000 mark, as its price continues to climb, confirming a powerful upside trend. This move aligns with 10x Research’s prediction, which turned bullish on April 12. Since then, BTC has gained over 10%, with the next key resistance level between $94,000 and $95,000. A clean breakout from …

Can Ethereum Price Revisit $2,000 Before BTC Hits $100K?

Can Ethereum Price Revisit $2,000 Before BTC Hits $100K?

Ethereum price briefly reclaimed $1,800 on April 23 after a staggering 11% gain within 24 hours as Bitcoin and most altcoins traded higher. These gains wiped out more than $110M in short ETH positions, and as Bitcoin now eyes the psychological level of $100,000, crypto traders are wondering whether ETH will sustain this uptrend and outperform BTC to revisit $2,000 first. Let’s find out.

Ethereum Price Hits 2-Week High as Bitcoin Eyes $100,000

Ethereum price is currently trading at its highest level in two weeks as altcoins track Bitcoin, which recently surged above $90,000 for the first time since early March. At its current price of $93,732, Bitcoin will have to rally by around 7% to reclaim $100,000.

Top analysts forecast that a Bitcoin price rally to $100,000 might just be around the corner. Kyle Chasse notes that if the current uptrend continues with no disruptions, BTC will reach this target price before the end of the week.

Meanwhile, Arthur Hayes recently stated that if Bitcoin extends its rally past $100,000, it will unlock the next altcoin season. In his recent essay, he opined that as Bitcoin’s dominance peaks, it will cause capital rotation from BTC to altcoins.

Therefore, it is clear that a recovery in Bitcoin price will bode well for the largest altcoin, Ethereum, and aid its breakout from the recent bearish trends that have suppressed its performance. However, Bitcoin needs to clear $100,000 first for ETH to reach $2,000.

$2,000 Ethereum Price Within Sight As Whales, Institutions Accumulate

Data from Santiment suggests that whales might be the key driver of the gains in ETH value today to $2,000. In the last 24 hours, large whale addresses holding between 1,000 and 10,000 ETH coins have purchased more than 300,00 tokens, which helped fuel the buying pressure around this altcoin.

Can Ethereum Price Revisit $2,000 Before BTC Hits $100K?
Ethereum Whale Balance

Besides whales, institutions also seem to be stockpiling on Ethereum, with data from SoSoValue showing that on April 22, inflows to spot ETH ETFs reached $38M, which is the highest level since February 4, 2025. This supports a bullish Ethereum price prediction, which may help fuel gains past $2,000.

Ethereum Technical Analysis – How High Will ETH Rally?

A popular crypto market analyst believes that $2,000 might not be the only price target for Ethereum, as the altcoin has formed a giant inverse head and shoulders pattern. Usually, this chart indicates that the trend is on the verge of shifting from bearish to bullish.

According to Gert van Lagen, Ethereum’s four-year inverse head and shoulders pattern is in play on the weekly chart. However, for Ethereum to confirm this pattern, it not only needs to flip resistance at $2,000, but also soar past $3,900. This will set the stage for an over 10x rally to $20,000.

Can Ethereum Price Revisit $2,000 Before BTC Hits $100K?
ETH/USDT: 1-Week Chart

Therefore, as Bitcoin extends gains towards $100,000 and drags altcoins along, it is likely that the Ethereum price might also break a crucial resistance level of $2,000. Moreover, as whales and institutions accumulate, it supports the bullish thesis for the largest altcoin. A bearish reversal will be confirmed if the uptrend halts and ETH drops below $1,600.

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Top 5 Facts You Should Know About New SEC Chairman Paul Atkins

Top 5 Facts You Should Know About New SEC Chairman Paul Atkins

After much wait, Paul Atkins has finally been sworn in as the new US SEC Chairman and is believed to bring better regulatory and supportive decisions related to the cryptocurrency ecosystem. Although his responsibilities are not limited to this industry, the focus is definitely on it, aligning with Donald Trump’s vision to make America the crypto capital. Before that takes shape, let’s discuss the top five facts to know about the new SEC Chair.

5 Not-to-Miss Facts About Paul Atkins

Paul Atkins, a 67-year-old American businessman and father of two, is the 34th SEC Chairman after having sworn on April 22, 2025. The current U.S. President, Donald Trump, nominated him for the SEC Chairman role. And after the Senate’s approval, he is replacing the acting chairman, Mark Udeya, since Gary Gensler resigned.

Donald Trump Nomination

Interestingly, he has worked with the SEC before, as the commissioner of the U.S. Securities and Exchange Commission from July 9, 2002, to August 2008, where he served with Christopher Cox, William H. Donaldson, and Chairman Harvey Pitt.

He is a pro-crypto supporter and has a history of working with various Fintech companies. His support for the industry was also made clear during the ceremony, as Atkins proclaimed Bitcoin and crypto as top priorities.

Paul Atkins SEC News

Interestingly, he began his career as a Lawyer after studying at Vanderbilt University School of Law in 1983. Here, he worked on a vast array of corporate transactions, public and private offerings, mergers, and much more.

His experience in government and the fintech industries is seen as a positive catalyst for introducing and maintaining regulations.

Paul Atkins News: What to Expect From The New SEC Chairman?

Even before joining the SEC, Paul Atkins has been quite vocal about his focus once he gains the position. Atkins has pledged to maintain a fair, orderly, and efficient market while ensuring investor protection.

As I return to the SEC, I am pleased to join with my fellow Commissioners and the agency’s dedicated professionals to advance its mission to facilitate capital formation; maintain fair, orderly, and efficient markets; and protect investors.

He is expected to strengthen and simulate the regulatory developments of the industry, beginning with joining the upcoming crypto roundtable meetings. More importantly, better conclusions on the Ripple vs SEC could come out due to his influence.

Additionally, more than 17 crypto ETFs are awaiting the SEC’s attention and potential approval that Atkins needs to address immediately. Overall, there are many legal battles and regulatory developments in process, which will be under his care now.

The post Top 5 Facts You Should Know About New SEC Chairman Paul Atkins appeared first on CoinGape.

Immutable (IMX) Hits 27-Day High as Token Leads Market Gains

Immutable (IMX) has emerged as the market’s top gainer over the past 24 hours, rallying more than 40% as bullish sentiment strengthens across the crypto market. 

The surge comes as Bitcoin (BTC) reclaims the key psychological level of $90,000, fueling a broader market rebound that has lifted several altcoins.

IMX Surges 41% to 27-Day High

IMX currently trades at a 27-day high of $0.65, noting a 41% price hike over the past day. During the same period, its trading volume recorded a surge of 761%, confirming the uptick in IMX’s trading activity.

IMX Price and Trading Volume
IMX Price and Trading Volume. Source: Santiment

When an asset’s price and trading volume rise simultaneously, it signals strong market interest and increased buying pressure. The combination confirms the strength of IMX’s bullish trend, as more traders are entering positions at higher prices. This indicates the potential for continued upward momentum.

On the daily chart, IMX trades above its 20-day exponential moving average (EMA), highlighting the bullish bias among its spot market participants. This key moving average measures an asset’s average trading price over the past 20 trading days, giving more weight to recent prices. 

When an asset’s price climbs above this level, it suggests a shift toward short-term bullish momentum. This crossover confirms that IMX buyers are gaining control, and the asset is entering an uptrend. 

IMX 20-Day EMA
IMX 20-Day EMA. Source: TradingView

Further, readings from the token’s Moving Average Convergence Divergence (MACD) support this bullish outlook. At press time, the MACD line (blue) rests above the signal (yellow) and zero lines.

IMX MACD
IMX MACD. Source: TradingView

An asset’s MACD indicator identifies trends and momentum in its price movement. It helps traders spot potential buy or sell signals through crossovers between the MACD and signal lines. 

When the MACD line rests above the signal line, buying activity dominates the market. For IMX, this setup reinforces the recent price surge and suggests that upward pressure may continue as traders build confidence in the asset’s short-term trajectory.

IMX Bulls in Control: Rally Could Extend to $0.87

IMX’s Balance of Power (BoP) currently rests above zero at 0.54, signaling that buyers control the market. A BoP reading above zero reflects strong accumulation, indicating demand outweighs selling pressure. 

This reading supports the broader bullish outlook for IMX, suggesting that the recent price rally is backed by sustained investor interest. In this case, IMX could extend its rally to $0.79. 

IMX Price Analysis.
IMX Price Analysis. Source: TradingView

However, if traders begin profit-taking, IMX could reverse its current uptrend and fall to $0.34.

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Three Projects That Were Long RISC-V Before Vitalik Began Shilling It

How Vitalik Buterin Plans to Revolutionize Airdrops and Stop the Scammers

The post Three Projects That Were Long RISC-V Before Vitalik Began Shilling It appeared first on Coinpedia Fintech News

Last week, most ethereans had never heard of RISC-V, let alone worked out how to pronounce it (for the record it’s “risk-five”). Now suddenly everyone’s an expert on the blockchain instruction kit that’s being touted as a replacement to the EVM – and by no less than Vitalk himself. While some crypto figures have heaped praise on the Ethereum founder for belatedly seeing the light, others are surprised he didn’t convert sooner – particularly given that RISC-V’s capabilities have been well documented for years.

Describing the function of RISC-V is less than straight-forward, since it’s not technically a virtual machine like the EVM. It’s been variously described as “instruction set architecture” and “hardware-level ISA for physical processors,” neither of which sheds much light on what RISC-V actually does. So let’s express it in layman’s terms: RISC-V make computer run better. There, that was easy.

As for whether Ethereum will indeed ditch the virtual machine that’s got its name in it and switch to the rival RISC-V that’s more synonymous with Polkadot remains to be seen. But for the record, the following blockchain projects were long RISC-V long before Vitalik latched on.

Cartesi

One of the first projects to have seen RISC-V’s potential is Cartesi, the modular blockchain for performant dapps, all secured by rollups. It specified its chain to be powered by RISC-V from day one – indeed the framework is cited 56 times in Cartesi’s original whitepaper. As its docs explain, “The RISC-V ISA, on which Cartesi Machines are based, consists of a minimal 32-bit integer instruction set to which several extensions can be added.” If that’s a little too technical for you to parse, we’ll stop there, since Cartesi’s explanation only gets more complex from there.

Besides, what’s important isn’t so much the implementation as the foresight that Cartesi’s team had in identifying the need for a processor that was more scalable than the EVM. This might sound obvious now, in an age where Ethereum is stagnating and newer L1s such as Solana and Sui are racing ahead, but that’s just hindsight talking. In 2018, the EVM could do no wrong in the eyes of most devs. Cartesi saw things differently, and it’s now been vindicated, regardless of whether or not Ethereum ultimately switches software.

Wanxiang Blockchain

As its name suggests, Wanxiang is a Chinese blockchain company and its team was one of the earliest to see the potential in RISC-V, having been touting the tech since 2021. In fact, Wanxiang’s technical team were so intrigued by the potential for RISC-V’s implementation within a blockchain context that they founded an SIG (special interest group) to explore applications for it.

Together with partners LeapFive, StarFive, and SiFive, Wanxiang has put its brightest minds to the task of identifying how best to leverage RISC-V’s ISA to create innovative blockchain solutions powered by open source technology. The Wanxiang team were particularly taken with RISC-V’s ability to support a range of cryptographic algorithms and enable developers to create secure, trusted solutions.

Web3 Pi

If you’ve never heard of Web3 Pi, don’t be ashamed – most crypto users haven’t. It’s a project dedicated to making it easier to run an Ethereum node on a Raspberry Pi. This might not be the stuff that web3 mass adoption is made of, but it’s an interesting exercise from an intellectual and technological perspective nonetheless – especially when you discover that Web3 Pi has managed to run a fully synced Ethereum node on RISC-V.

This was achieved just over a month ago, and may have influenced Vitalik to go public with his thoughts on why Ethereum is ready to embrace the blockchain instruction set. Since this article can’t be closed out until RISC-V has been described a dozen different ways, incidentally, it should be noted that Web3 Pi refers to the tech as an “open-standard Instruction Set Architecture (ISA).”

We’ll leave the final word on RISC-V and its potential path to being integrated onto Ethereum mainnet to Vitalik: “A more radical approach from a protocol perspective is to convert existing EVM contracts into contracts that call an EVM interpreter contract written in RISC-V that runs their existing EVM code.” For a developer community still coming to terms with Pectra and its umpteen delays, the prospect of running all existing dapps through a converter may be a tough gig to sell. But if anyone can do it, Vitalik can.

The post Three Projects That Were Long RISC-V Before Vitalik Began Shilling It appeared first on Coinpedia Fintech News
Last week, most ethereans had never heard of RISC-V, let alone worked out how to pronounce it (for the record it’s “risk-five”). Now suddenly everyone’s an expert on the blockchain instruction kit that’s being touted as a replacement to the EVM – and by no less than Vitalk himself. While some crypto figures have heaped …