Growing Interest in Staking-Backed ETFs

The New York-based investment firm continues to push forward in the crypto ETF space, this time highlighting the rising demand for products centered around staking. According to the proposal, the fund will hold INJ tokens directly in its portfolio and allocate a portion of them to staking. However, specific details—such as the percentage of tokens that will be staked or the staking provider to be used—remain undisclosed at this stage.

This development aligns with a broader trend in which asset managers seek to combine the utility of decentralized networks with traditional financial structures. If approved, this would mark one of the first ETFs to offer direct staking exposure to a major altcoin, positioning it as an attractive option for both crypto-native and institutional investors seeking yield-based strategies.

Why Injective?

Injective is a purpose-built Layer-1 blockchain tailored for decentralized finance (DeFi) and financial application development. Its native token, INJ, serves a wide array of functions within the network, from governance to protocol-level utility. With a market capitalization of around $1.3 billion, INJ currently ranks among the top 100 digital assets globally, according to CoinGecko.

Injective’s growing ecosystem and developer adoption have turned it into a significant player in the smart contract space—particularly for applications involving derivatives, orderbooks, and high-speed financial protocols.

SEC Review Underway

The SEC has begun its standard review process, and a decision on whether the ETF will be approved is expected in the coming months. The outcome is being closely watched, as it could serve as a regulatory benchmark for staking-based investment vehicles in the United States.

A green light from regulators would not only validate Canary Capital’s strategy but also provide broader access to crypto yields through conventional brokerage accounts. The potential product could stand alongside Bitcoin and Ethereum ETFs, yet distinguish itself by offering access to staking rewards—a major value proposition for long-term investors seeking both growth and income.

Injective (INJ) Price Chart

Injective (INJ) is currently trading at $13.88, reflecting a 2.17% increase over the past 24 hours. This price movement is seen as both a reflection of the broader market recovery and a sign of growing investor interest following the recent ETF application.

The renewed demand for Layer-1 projects like Injective appears to be contributing to the upward momentum in INJ’s price.

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If INJ closes below the 10$ level, there is a potential for a pullback to 9$. In this case, deeper declines could be possible if this support level is lost. Therefore, the 10$ support plays a key role for investors in determining the next steps.

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If INJ can stay above the 10$ level and surpass 13$, especially with daily closings above this level, it could open the path for further price increases. In this scenario, the downward FVG area would be the next target. A strong breakout above this area could signal a more significant bullish trend and indicate the beginning of a broader rally.

However, given the market uncertainty and potential for volatile price movements, investors need to proceed with caution. INJ is trading at crucial levels right now, and how the price behaves in the coming days will be essential in determining the future trend.

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The post INJ at Important Support: If Lost, Decline Could Grow! appeared first on Coin Engineer.

Bitcoin Key Levels for the Day

The BTC/USD pair has dropped 0.67% in the last 24 hours, currently trading at $97,784. Bitcoin (BTC) recently broke the $98,504 resistance, making a significant move. If BTC continues to rise, the next major resistance level is $101,545. On the downside, the support levels are at $98,504 and $91,221, which could provide stability in case of a pullback.

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Ethereum (ETH): The ETH/USDT pair has gained 1.87% in the last 24 hours, currently trading at $2,757. The first resistance level is $2,877, followed by a stronger resistance at $2,930. If ETH faces selling pressure, it may find support at $2,724, with an additional support zone at $2,366 in case of a deeper correction.

Aave (AAVE): The AAVE/USDT pair has surged 7.50% in the last 24 hours, currently trading at $271.70. The first resistance level is at $296.56, and a further push could lead the price towards $308.66. If a pullback occurs, the support levels are $272.14 and $256.61, which may act as price stabilization points.

Ondo (ONDO): The ONDO/USDT pair has gained 4.54%, now trading at $1.3687. The first resistance level is at $1.4233, with a stronger resistance at $1.4934. If a downward move occurs, ONDO may find support at $1.2948, with additional downside protection at $1.1411 in case of extended selling pressure.

Injective (INJ): The INJ/USDT pair has gained 4.22%, now trading at $14.51. The first resistance level is at $16.28, while a continued uptrend could push the price towards $18.49. On the downside, support levels are at $13.71 and $11.34, which could provide a cushion if selling pressure intensifies.

Trending Coins

The most trending cryptocurrencies in the last 24 hours include Elon4AfD (ELON4AFD), Hyperliquid (HYPE), and Alpha (ALPHA). The top gainers in the market are Ultima (ULTIMA), Amp (AMP), and Melanie Meme (MELANIA), while the top losers are MEOW (MEOW), Toshi (TOSHI), and Morpho (MORPHO).

Bitcoin Liquidation Map

The BTC 12-hour liquidation map shows a significant liquidation cluster at $99,764, amounting to $33.55 million. On the lower side, a major liquidation zone is present at $96,315, with a liquidation amount of $45.95 million.

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The post The Latest on Bitcoin and Cryptocurrencies: 5 February appeared first on Coin Engineer.

Key Intraday Levels for Bitcoin

The BTC/USD pair has dropped 0.86% in the past 24 hours and is currently trading at $104,176. Bitcoin (BTC) broke through the $101,545 resistance level, moving into a higher price range. If the upward momentum continues, the next resistance level stands at $105,766. Support levels are at $102,599 and $101,545.

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Ethereum (ETH): The ETH/USDT pair has gained 1.55% in the last 24 hours, currently trading at $3,240. Resistance levels for Ethereum (ETH) are at $3,290 and later at $3,440. Support levels are $3,217 and $3,091.

Injective (INJ): The INJ/USDT pair has risen by 6.02%, now trading at $20.10. The first resistance level for Injective (INJ) is $21.39, followed by $22.94. Support levels are $20.09, with a deeper correction possibly bringing it to $18.49.

Ethena (ENA): The ENA/USDT pair has increased by 5.45%, currently at $0.7682. Resistance levels for Ethena (ENA) are $0.8117 and $0.9664. Key support areas are $0.7566 and, if further decline occurs, $0.6744.

Stellar (XLM): The XLM/USDT pair has gained 4.72% and is now at $0.4196. Stellar (XLM) faces resistance at $0.4595 and $0.4774, while support levels stand at $0.4137 and $0.3896.

Trending Coins

Over the last 24 hours, the most trending coins in the market include Alpha (ALPHA), Ice Open Network (ICE), and Mochi (MOCHI). The top gainers are JasmyCoin (JASMY), VeThor (VTHO), and SWFTCOIN (SWFTC), while the biggest losers are AI Rig Complex (ARC), MEOW (MEOW), and Onyxcoin (XCN).

Bitcoin Liquidation Map

Looking at Bitcoin’s 12-hour liquidation map, a notable $27.32 million liquidation level appears at $105,821. On the downside, a $30.51 million liquidation level is observed at $103,765.

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The post The Latest on Bitcoin and Cryptocurrencies: 31 January appeared first on Coin Engineer.

Bitcoin Intraday Key Levels

BTC/USDT has dropped by 1.36% in the last 24 hours and is currently trading at $93,769. Bitcoin (BTC) seems to have bounced back from the $93,138 support, as highlighted in previous analyses. If it continues its upward movement, the resistance level lies at $94,703. On the downside, support levels are $93,138 and $92,503.

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Ethereum (ETH): The ETH/USDT pair has gained 0.42% in the last 24 hours and is currently trading at $3,416. For ETH, resistance levels are $3,440 and then $3,535, while support levels lie at $3,290 and $3,217.

Filecoin (FIL): The FIL/USDT pair has dropped by 2.37% in the last 24 hours and is now trading at $5.02. Resistance levels for FIL are $5.26 and $5.50, while support zones are $4.92 and $4.42 in case of deeper declines.

Injective (INJ): The INJ/USDT pair has declined by 1.49% in the last 24 hours and is trading at $20.70. Resistance levels for INJ are $21.39 and $22.94, while support zones are $20.09 and $18.49.

Worldcoin (WLD): The WLD/USDT pair has dropped by 3.08% in the last 24 hours and is trading at $2.15. Resistance levels for WLD are $2.30 and $2.46, while support zones are $2.13 and $1.96 in case of further drops.

Trending Coins

In the last 24 hours, the most trending coins in the crypto market are Virtuals Protocol (VIRTUAL), ai16z (AI16Z), and PHALA (PHA).

The top gainers are Zerebro (ZEREBRO), Peanut the Squirrel (PNUT), and Fuel Network (FUEL). Meanwhile, the biggest losers are Fartcoin (FARTCOIN), CHEX Token (CHEX), and Moca Network (MOCA).

Bitcoin Liquidation Map

Looking at Bitcoin’s 12-hour liquidation map:

• $94,881 has a notable liquidation cluster worth $20 million on the upside.
• On the downside, $92,923 holds $29.80 million in liquidations.

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The post The Latest on Bitcoin and Cryptocurrencies: December 30 appeared first on Coin Engineer.

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Ondo Finance (ONDO), Pyth Network (PYTH), and Zetachain (ZETA) will be available for margin trading on both Coinbase International Exchange and Coinbase Advanced starting May 23, 2024, at 9:30 AM PT.

Expanding Margin Trading Services

Coinbase International Exchange, a margin trading platform for customers outside the U.S., had recently received approval from Bermuda to operate in September 2023. The exchange has been expanding its margin trading offerings, previously listing Cardano (ADA), Chainlink (LINK), Dogecoin (DOGE), Stellar (XLM), Polygon (MATIC), Bitcoin Cash (BCH), Celestia (TIA), Injective (INJ), Sei (SEI), Aptos (APT), Filecoin (FIL), Sui (SUI), Polkadot (DOT), Internet Computer (ICP), and Near Protocol (NEAR) for margin trading.

Price Performance of Listed Altcoins

According to CoinGecko data, at the time of writing,

ONDO has gained 2.7% in the past 24 hours and is trading at $0.8933.

PYTH has decreased by 3.6% in the past 24 hours and is trading at $0.427.

Zeta is trading at $1.63.

The post Coinbase International Lists 3 New Altcoins for Margin Trading appeared first on Coin Engineer.

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Bitcoin often experiences a selling pressure zone with $1000 price movements each time it breaks a new record. For example, after breaking the $72,000 record, we observed that it usually faces some selling pressure around the $73,000 level. However, if the data to be released from the US today is positive, a positive trend may continue and we may see a Bitcoin that builds on top of itself.

Bitcoin and Cryptocurrencies

Bitcoin (BTC): BTC/USDT pair is trading at $71,480, losing %0.89 in the last 24 hours. Resistance levels for BTC are first $73,000 and then $78,000. Support levels are $70,000 and $66,340 if below this region.

Ethereum (ETH): ETH/USDT pair is trading at $4,030, losing %0.83 in the last 24 hours. The first resistance level for ETH is $4,060, followed by $4,295. Support levels are first $3,925 and then $3,520.

Ecomi (OMİ): OMİ/USDT pair is trading at $0.001134, gaining %2.35 in the last 24 hours. The first resistance level for OMİ is $0.001165, followed by $0.001283. Support levels are first $0.000943 and then $0.0008178.

Injective (INJ): INJ/USDT pair is trading at $42.55, gaining %0.05 in the last 24 hours. The first resistance level for INJ is $44.85, followed by $55. Support levels are first $37 and then $30.50.

Render (RNDR): RNDR/USDT pair is trading at $11.26, losing %1.81 in the last 24 hours. The first resistance level for RNDR is $12.62, followed by $20.20. Support levels are first $7.94 and then $6.32.

The post Latest Bitcoin and Cryptocurrencies Updates – March 12 appeared first on Coin Engineer.

The convergence of artificial intelligence (AI) and blockchain technology is a match made in innovation heaven. Both spheres thrive on data, and their synergy unlocks revolutionary possibilities in various fields. This article delves into the top AI crypto coins poised to make waves in 2024 and beyond, empowering you to capture the potential of this transformative trend.

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Top AI Crypto Coins for 2024: A Comparative Table

AI tokens are crypto assets that power blockchain projects harnessing the power of AI. These projects span a diverse spectrum, encompassing AI marketplaces, AI-driven trading platforms, AI-powered decentralized organizations (DAOs), and more. Investing in AI tokens offers indirect exposure to these cutting-edge initiatives, potentially yielding significant returns as the AI landscape flourishes.

Best AI Coins to Invest in 2024

1. The Graph (GRT): The “Google” of blockchains, indexing and querying data seamlessly across decentralized networks. GRT fuels this ecosystem, simplifying data access and driving its growth.

2. Injective (INJ): A layer-1 blockchain empowering users to build DeFi dApps. Its robust infrastructure, including a DEX, bridges, oracles, and a smart contract layer, positions it as a comprehensive finance dApp development kit.

3. Oasis Network (ROSE): Focused on open finance and responsible data economy, Oasis prioritizes privacy and fairness. Its unique architecture separates consensus and smart contract execution, enabling privacy-focused apps at scale.

4. Render (RNDR): A decentralized network harnessing unused GPU power for rendering and AI computation. Artists leverage this network for tasks like visual effects and virtual assets, while RNDR tokens incentivize GPU providers.

5. Fetch.ai (FET): An AI and machine learning platform enabling the development and deployment of AI agents for DeFi, transportation, energy management, and other business applications. Its native token, FET, fuels transactions on the network.

6. SingularityNET (AGIX): A decentralized AI marketplace where users can create, share, and monetize AI services. With a focus on developing Artificial General Intelligence (AGI), SingularityNET aims to create human-level intelligence.

7. Ocean Protocol (OCEAN): An Ethereum-based platform facilitating data and data-based services exchange and monetization. This fosters a more efficient AI ecosystem by democratizing data access and enabling participants to monetize their datasets.

8. Filecoin (FIL): A decentralized data storage marketplace offering a secure and transparent environment for storing AI datasets. While not solely focused on AI, Filecoin contributes to the democratization of the AI economy by providing accessible storage solutions.

9. Chainlink (LINK): The leading decentralized oracle network, bridging the gap between blockchains and the outside world. Its integration into AI use cases empowers blockchains to access AI datasets through Chainlink functions.

10. Bittensor (TAO): Revolutionizing machine learning through a decentralized marketplace for AI intelligence, Bittensor fosters knowledge sharing and growth. Their approach creates a constantly evolving database of machine intelligence, accelerating innovation.

11. Cortex (CTXC): An AI-powered blockchain platform enabling the integration and execution of AI models directly on the blockchain. This democratizes AI and enhances the functionality of smart contracts, driving the evolution of intelligent blockchain applications.

Beyond the Top 10: Exploring the AI Crypto Horizon

Numeraire (NMR) deserves a special mention. This protocol powers Numerai, a hedge fund leveraging crowd-sourced AI for investments. Its native token, NMR, fuels this unique financial application.

Unleashing the Power of Self-Custody: Secure Your AI Crypto Investments

While some centralized exchanges offer certain AI tokens, many require self-custody wallets for their purchase and storage. This empowers you to control your private keys and eliminates the risk associated with third-party platforms. Tastycrypto offers self-custody wallets with various features like in-app swapping, DeFi yield generation, and NFT management.

Embrace the AI Revolution: Invest in the Future with Confidence

The synergy between AI and blockchain unlocks immense potential, and AI crypto coins offer a compelling way to participate in this transformative journey. By carefully researching and understanding the projects behind these tokens, you can make informed investment decisions and potentially reap significant rewards. Remember, self-custody is crucial for securing your AI crypto investments. So, dive into the exciting world of AI crypto and unleash the power of decentralized intelligence for your portfolio!

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The post Best AI Coins to Invest in – 2024 appeared first on Coin Engineer.

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Bitcoin and Cryptocurrencies Update – February 5th

Bitcoin: BTC/USDT is trading at $42,700, up 0.50% in the last 24 hours. Resistance levels are $43,200 and $44,300. Support levels are $42,800 and $42,000.

Ethereum: ETH/USDT is trading at $2,290, up 0.25% in the last 24 hours. The first resistance level is $2,375, followed by $2,710. Support levels are $2,175 and $1,960.

Mina: MINA/USDT is trading at $1.1757, up 0.80% in the last 24 hours. Resistance levels are $1.22 and $1.52. Support levels are $1.09 and $0.9840.

Injective: INJ/USDT is trading at $32.88, up 1.64% in the last 24 hours. The first resistance level is $34.50, followed by $38.80. Support levels are $30.50 and $27.

Sui: SUI/USD is trading at $1.50, up 3.08% at the time of writing. Resistance levels are between $1.55 and $1.62. Support levels are between $1.45 and $1.38.

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