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Bitget, the world’s leading cryptocurrency exchange and Web3 company, is turning up the volume on its global expansion by partnering with UNTOLD—one of the top three music festivals in the world, as an official sponsor of UNTOLD X this August, with the partnership continuing at UNTOLD Dubai later this year. With over 400,000 music lovers
The post Bitget and UNTOLD Join Forces to Redefine Engagement Through Crypto and Culture appeared first on CoinGape.
The post-FOMC meeting result has been favorable for the crypto market, as it’s witnessing a significant uptrend. Previously, experts have anticipated high volatility around the Fed’s decision on interest rates, but the market remains relatively stable and even bullish for a few cryptocurrencies. However, this may not last long as two important macroeconomic events will take place today, May 8, whose outcome would affect the digital assets. Let’s discuss.
Various macroeconomic events put strong pressure on the crypto market, and two such events are happening today. Economic data releases, including Initial Jobless Claims, Unit Labor Costs, Fed’s Balance sheet, and many others, will take place on May 8.
In this, the Initial Jobless Claim is an important macroeconomic event, which will be released at 8:30 ET. It is expected at 231k, down from the previous 241k per Zacks report. In addition, the Coinbase Q1 2025 earnings report will be out.
Coinbase is among the biggest cryptocurrency exchanges and has a significant impact on the digital assets and stock market. Crypto investors and stock investors are awaiting its results, especially as analysts expect EPS to be $1.93, less than Q4 2024 ($2.26).
In addition, experts also foresee a decline in revenue and trading volume. Altogether, this could affect the cryptocurrency market and the COIN stock price. The Coinbase earnings report will be announced on May 8, 2025, once the market closes.
Coinbase crushed it in Q1 2024
– Revenue: $1.6B (+72% vs Q4)
– Opex: $0.9B (+5% vs Q4)
– Net Income: $1.2B (+331% vs Q4)
– Adj. EBITDA: $1.0B (+213% vs Q4)
– Cash: $7.1B (+24% vs Q4)
– 2x USDC on platform vs Q4
– 8x Base developers vs Q4 pic.twitter.com/nEO96t687p— Ryan Rasmussen (@RasterlyRock) May 2, 2024
The performance of the digital assets and the market depends entirely on the sentiments of the investor. The decline in Coinbase earnings report expectations already indicates the weaker sentiments of the users, and the other macroeconomic events could worsen it.
If the Jobless Claims are lower than expected, the crypto market could crash. However, if the data is above expectations, the market could rally. The FOMC meeting result has fueled the rally of the digital assets, and more can be anticipated, but uncertainty remains.
Bitcoin price has surged massively and is nearing the $100,000 mark. A bullish stimulus from these macroeconomic events could aid in the rally.
The post 2 Macroeconomic Events to Watch Today: Could They Trigger Crypto Market Crash? appeared first on CoinGape.
Crypto whale James Wynn has made headlines again after dramatically increasing his Bitcoin exposure. He placed a $1.2 billion long position on Hyperliquid, a decentralized derivatives exchange.
This comes shortly after he closed out positions in Ethereum, Sui, and PEPE. The move signals a strategic shift toward Bitcoin as the market rallies.
On May 24, blockchain tracker Lookonchain revealed that Wynn had opened a 40x leveraged position totaling 11,588 BTC, worth approximately $1.25 billion. His liquidation level is set at $105,180.
This move extends a series of aggressive Bitcoin trades Wynn began earlier in the week. On May 21, he opened a long position worth $830 million, from which he took a $400 million profit on the same day.
Since then, he has reloaded his position to over $1 billion as Bitcoin’s price climbed over the past two days.
Over the past week, Bitcoin price jumped to a new all-time high of more than $111,000—its highest point since January.
The surge has been fueled by rising institutional interest and continued inflows into spot ETFs, driving renewed optimism across the crypto space.
Meanwhile, Wynn appears confident that the rally has more room to run. He projects BTC could climb to between $118,000 and $121,000 in the near term.
“[My prediction is that Bitcoin gets to] $110,500 today. [It should trade between] $118,000 – $121,000 next week,” he stated.
His conviction is grounded in experience as he reportedly made $46 million over a two-month stretch by using leverage between 5x and 40x.
Moreover, he also shared a screenshot on the social platform X showing that his latest Bitcoin long bet was up 13.4%. This means that the position had generated around $4.2 million in unrealized profit.
Still, his track record has its blemishes. He recently closed his positions in Ethereum and Sui with a combined loss of $5.3 million. However, he offset those setbacks with a $25.19 million gain on a trade involving PEPE.
The post Bitcoin Whale Doubles Down With $1.25 Billion Long Bet on Hyperliquid appeared first on BeInCrypto.
The post Solana Did 100x After Binance Listing—KNCH Just Hit BitMart, LBank & XT (Better Tech, Lower Entry) appeared first on Coinpedia Fintech News
Kaanch (KNCH) is anticipated to create a great impression in the market through its future listings on the leading exchanges BitMart, LBank, and XT on June 30, 2025. Deposits will start at 10:00 UTC, and trading will start at 14:00 UTC on the same day, and withdrawal will open on July 1. The listings will be able to increase liquidity and visibility, giving investors new possibilities to trade KNCH against USDT. The multi-exchange launch is an important step in the developmental path of Kaanch, and it will be able to facilitate wider adoption and more market activity.
Kaanch is in its seventh and last presale stage, with a strong investor interest, having raised more than 3.25 million dollars. The token is currently quoted at $0.64 which is a good entry point compared to the list price of 30 dollars that will be fixed at the upcoming exchanges. The presale has brought in other participants due to the incentive of live staking rewards that can provide up to 30% APY, which makes it even more attractive. The limited supply of 58 million tokens accentuates the idea of the substantial upside, as the project shifts to public trading after the presale.
Kaanch stands out by its unparalleled technical ability, featuring a throughput of 1.4 million transactions per second and a finality time of only 0.8 seconds. These specifications allow trade to be executed immediately and smart contracts to operate smoothly. The gas fee of the platform is also very low, which makes it very economical to use in decentralized apps, micro-transactions, and payments. Kaanch enables real-world asset tokenization of businesses and individuals and guarantees security and decentralization by relying on a decentralized network of 3,600 nodes. This technological base makes Kaanch scalable and enterprise friendly blockchain.
SpyWolf and VerifyLab audit the Kaanch network, and all the requirements related to transparency and security are fulfilled. It has a community-based form of governance with an open staking dashboard that allows active involvement of token holders. This will create a collaborative environment in which platform development and decision-making are characterized by a voice of stakeholders. Furthermore, the blockchain can be easily integrated into the platform of Kaanch, which is developer and enterprise-friendly infrastructure to encourage mass adoption and long-term sustainability.
The unbelievable 100x increase in price in Solana after its listing on Binance has become a benchmark in the blockchain sector, signifying the value of strategic exchange relations on the value of tokens. The fact that Kaanch is soon to be listed on BitMart, LBank, and XT, and its superior technology and attractive presale figures all indicate a similar possibility of exponential growth. The initial investors who purchase KNCH at the pre-listing price of 0.64 dollars will gain a lot, considering the scalability, low charges and the wide support of the platform. It is a unique chance to work with a potentially successful blockchain at an advantageous stage of its evolution.
For more information about Kaanch Network ) visit the links below:
Website:https://presale.kaanch.com/
Whitepaper:https://docs.kaanch.network/
Twitter/X: https://x.com/KaanchNetwork
Telegram:https://t.me/kaanchnetwork
Win 1M: https://presale.kaanch.com/win-1-million
How to buy : https://presale.kaanch.com/how-to-buy
The post Solana Did 100x After Binance Listing—KNCH Just Hit BitMart, LBank & XT (Better Tech, Lower Entry) appeared first on Coinpedia Fintech News
Kaanch (KNCH) is anticipated to create a great impression in the market through its future listings on the leading exchanges BitMart, LBank, and XT on June 30, 2025. Deposits will start at 10:00 UTC, and trading will start at 14:00 UTC on the same day, and withdrawal will open on July 1. The listings will …