A DeFi platform says it offers the first artificial intelligence-powered yield farming aggregator that works across Binance Smart Chain and Solana. KingDeFi has adopted a medieval theme as it interacts with users, who are referred to as “knights.” The ecosystem wants to take the guesswork out of finding new and exciting opportunities in the decentralized finance space. Knights can provide liquidity and stake directly through the platform — and an intuitive monitoring function unlocks an at-a-glance insight into all of the major protocols operating on BSC and Solana. With one click, users can receive automatic suggestions on where the best …

Significant price corrections like the one see in May inflict widespread pain for a majority of market participants and can be a death sentence for struggling projects as token holders capitulate and dump their holdings for any price offered. While these periods are useful to help shakeout the weak hands and weed out unnecessary projects, they also offer strong performers the opportunity to stand out from the crowd and attract the attention of eager investors looking for a safe haven during choppy markets. Two projects that have been more resilient than crypto majors and are down less than 20% from …

Bloomberg Intelligence senior commodity strategist Mike McGlone believes that Bitcoin (BTC) is more likely to rally to $40,000 than slump to $20,000. This bullish outlook seems to be shared by traders as Bitcoin initiated a sharp recovery today. On-chain data also suggests that long-term holders (LTH) have again started accumulating Bitcoin after booking profits during the rally from $10,000 to $64,000. The total number of Bitcoin held by these long-term holders is 2.3 million more than what they held at the peak of the 2017 bull market. This shows the veteran traders remain bullish about the future prospects of Bitcoin. …

Cryptocurrency venture capital funds have poured hundreds of millions of dollars into Solana Labs to support further development and execution of decentralized applications and platforms building on Solana. Solana Labs, the blockchain development studio devoted to incubating Solana projects, announced Wednesday that it had raised $314.15 million through a private token sale — marking one of the largest private sales of the year. The funding will be used to bootstrap existing and forthcoming decentralized applications and platforms building on Solana. It will also be used to establish a venture investing arm and trading desk dedicated to the Solana network. Anatoly …

When the sentiment in the market turns bearish, every bit of negative news, however insignificant, pulls the price down as traders panic sell. This is what happened after China’s social media giant, Weibo, suspended a number of crypto-related accounts and triggered fears that a wider crackdown could occur. In other news, a note from Goldman Sachs said their meetings with 25 chief investment officers of long-only and hedge funds revealed Bitcoin (BTC) as the least favorite asset for investment. While the news may be negative in the short term, it is unlikely to change the long-term story of Bitcoin. As …

Solana-related news has surfed a number of headlines in recent months. The blockchain now appears headed for major strides in Korea, with significant funding for its surrounding ecosystem. "As one of the largest crypto markets globally, Korea has an extraordinarily high adoption rate of cryptocurrencies," a representative from Korean firm ROK Capital told Cointelegraph. "By expanding the Solana ecosystem in Korea, we hope to grow the awareness and adoption of decentralized applications on the Solana ecosystem as well as encourage and incubate local teams to build on Solana." A new $20 million Solana Eco Fund — constructed by ROK Capital …

Solverse, a Solana-focused accelerator program, has tapped 21 subject matter experts to advise on up-and-coming Solana projects, setting the stage for further development of the high-performance blockchain network. Representatives from 21 companies were selected to join the Solverse mentorship program. The mentors themselves come from diverse backgrounds, including global investment banking, blockchain infrastructure and media. Representatives from Alameda Research, Axia8 Ventures, Bitscale, Lemniscape and many others will make up the mentorship panel. The infrastructure provided by Solana will bring De-Fi capacity and sophistication to the next level,” said Wayne Lin, founder of Axia8 Ventures. “Our goal with Solverse is to …

A nonfungible token marketplace called Metaplex has officially launched on the Solana blockchain, highlighting the continued adoption of NFT technology. Platform developer Metaplex Foundation announced Wednesday that the new marketplace has been launched with strategic support from Solana Labs and cryptocurrency exchange FTX. The platform is designed to provide key infrastructure to the NFT community so that creators, artists and bands can easily launch customized collectibles. Metaplex Foundation said the new platform enables “perpetual royalties to be hard-coded into NFTs,” ensuring that creators always receive a portion of secondary sales. The entire listing process will also take place on-chain. The …

During strong uptrends, every correction is aggressively purchased as the sentiment is positive and traders expect higher levels in the future. Therefore, corrections during a bull phase are shallow and the trend reasserts itself quickly. However, when the trend changes from up to down, traders wait to sell on rallies because they believe lower levels are likely. In a bearish market, support levels are easily violated and the asset continues to slide. Generally, a downtrend that is followed after a roaring bull market does not end before a capitulation phase where most bulls have given up on the hope for …

Bitcoin (BTC) and the wider cryptocurrency experienced another wave of overnight selling which deepened on May 23 as the majority of tokens pummeled to multi-month lows. The market-wide sell-off resulted in the total cryptocurrency market cap shedding another $250 billion in value to $1.33 trillion. The total market cap has now experienced a 46% pullback from the May 11 all-time high at $2.56 trillion, but the stunning turn of events has left the vast majority of traders scrambling to lock in any gains experienced during the run up. This newest wave of selling pressure managed to successfully break below the …

In bull and bear markets, wise cryptocurrency investors know that the primary focus should be on project longevity rather than jumping on every short-term price movement. As the crypto ecosystem expands and new sectors arise, protocols that offer the most value to the community stand the best chance at long-term survival and price appreciation. The goal of this newsletter is to take a more thematic, macro view of niche sub-sectors within the cryptocurrency market and identify projects whose signal they will be successful within the space. It isn’t about the token price; it’s about the tech, the fundamentals of the …

On May 21 the crypto market was hit with a fresh round of fear, uncertainty and doubt (FUD) which sparked another, albeit more muted, sell-off in Bitcoin (BTC) price and a majority of the altcoins. For the second time in less than 3-weeks, China was again the culprit as rumors that regulators were looking to crack down on Bitcoin mining and trading. Media also reported that authorities in Hong Kong proposed banning retail traders from cryptocurrency trading. Data from Cointelegraph Markets Pro and TradingView shows that Bitcoin (BTC) bulls were holding the $40,000 support level prior to the announcement from …