Latest news with #Filecoin
Yahoo
3 days ago
- Business
- Yahoo
Filecoin Gains 4%, Showing Strong Bullish Momentum
Filecoin (FIL) posted a 3.7% surge during the 24-hour trading session, rising from $2.61 to $2.71 alongside institutional accumulation signals, according to CoinDesk Research's technical analysis model. The model showed that trading volume exploded above 7 million during peak trading hours, substantially outpacing the daily average of 3.47 million as market participants protected the $2.60 support zone. Filecoin's latest price movement indicates rising institutional appetite for decentralized storage technologies as conventional cloud service providers encounter heightened examination regarding data sovereignty issues. The rally in FIL came as the wider crypto market rose, with the broader market gauge, the Coindesk 20, up 3.2%. In recent trading, Filecoin was 3.5% higher over 24 hours, trading around $2.71. Price built strong support at $2.60 with substantial volume-backed buying interest during the 24-hour session. Volume jumped above 7 million during peak periods, substantially exceeding the daily average of 3.47 million. Trading range covered $0.13 (5%) between the absolute low of $2.60 and peak of $2.73. Final hour volume surge hit 369,770 units, representing the highest spike in the session. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Filecoin Narrows Loss After 7% Slump
Filecoin (FIL) exhibited high volatility throughout the 24-hour trading session, registering a comprehensive 7% range, according to CoinDesk Research's technical analysis model. The model showed that FIL hit a high of of $2.68 and a subsequent low of $2.49, during the period. FIL endured a precipitous decline commencing approximately 07:00 on Aug. 11, down markedly to $2.49 by midday accompanied by robust volume of 8.88 million during the 12:00 trading hour, consequently establishing substantial volume-supported foundations at approximately $2.49, according to the model. The token has recouped some of its earlier losses to trade 2% lower over 24 hours, at around $2.56. The bounce in FIL came as the wider crypto market rose, with the broader market gauge, the Coindesk 20, recently up 1.1%. Technical Analysis: FIL traded between $2.49-$2.68 during the 24-hour period Substantial resistance established at the $2.68 level with volume exceeding 3.80 million. Robust support materialised at $2.49 with peak volume of 8.88 million during the 12:00 hour. The token has recouped some its earlier losses to trade 2% lower over 24-hours Increasing volume during the recovery phase with peak at 78,053 units suggests renewed purchasing interest. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-08-2025
- Business
- Yahoo
Filecoin Drops Over 6%, Breaks Key Support at the $2.38 Level
Filecoin (FIL) displayed sharp volatility with a trading range of over 6% during the last 24-hours, according to CoinDesk Research's technical analysis model. The token broke key support at the $2.38 level on high volume, the model showed. AI platform SingularityNET has chosen Filecoin for metadata storage through Lighthouse, according to a post on X. In recent trading, FIL was 4.6% lower over 24 hours, trading around $2.36. The decline in Filecoin came as the wider crypto market also fell, with the broader market gauge, the Coindesk 20, recently 3.6% lower. Technical Analysis: Filecoin encountered significant bearish momentum during the 24-hour period. The cryptocurrency breached essential support at $2.38 during overnight trading periods, with volume surges reaching 7.54 million indicating potential institutional distribution activity Descending channel pattern formed during final 60 minutes of trading period. Failed reclaim of key technical levels suggesting continued downside momentum. FIL demonstrated recovery signals in the final hour, advancing to $2.35 with strong purchasing interest and volume peaks of 91,211 shares. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Sign in to access your portfolio
Axios
31-07-2025
- Business
- Axios
SEC chair preparing a new ICOs and airdrops era
Initial coin offerings are poised to make a big return, as new SEC chair Paul Atkins declared Thursday that the agency is all in on President Trump's push to make America the "crypto capital of the world." Why it matters: The country's top financial markets regulator is moving fast to enact the policy recommendations made Wednesday by the White House's working group on crypto assets. Driving the news: "Capital formation is at the heart of the SEC's mission, yet for too long the SEC ignored market demands for choice and disincentivized crypto-based capital raising," Atkins said in a speech Thursday before the America First Policy Institute. "I have asked staff to propose purpose-fit disclosures, exemptions, and safe harbors, including for so-called 'initial coin offerings,' 'airdrops,' and network rewards." The phrase "initial coin offerings," also known as ICOs, is likely to set off alarms for some longtime market watchers. Flashback: The ICO era of 2017 was a somewhat out-of-control time when many, many fly-by-night projects raised money off anyone and everyone with very little plan to get them done, or the know-how to do it. A few projects came out of that era that remain, such as the decentralized storage platform Filecoin; the blockchain Tezos, and the popular browser Brave. But there were hundreds of projects that went nowhere, leaving too-eager investors coming up short. It's still a controversial period in crypto history, one many blockchain leaders look back on with regret. Between the lines: Atkins makes it clear in his speech that, while the SEC's an independent regulator, he stands firmly behind Wednesday's White House report, "Strengthening America's Leadership in Digital Financial Technology." His direction to agency staff on rules to guide ICOs are one small part of what he called "Project Crypto," which he described as the agency's "north star" in aiding Trump's crypto push. Reality check: ICOs never really disappeared though. Some companies, like the project now known as Hiro Systems, went through an arduous and expensive legal process to fully register their raise. And, just recently, meme coin juggernaut raised $600 million for its PUMP token via a multi-platform ICO that sold out in minutes. The crypto industry has also been reading the shifting signals on policy. Coinbase, for instance, recently acquired Liquifi, which looked like a move that anticipated more openness to this sort of fundraising. What they're saying: "Most of the resistance to ICOs has been more the psychological stigma associated with it," Mason Borda, CEO of Tokensoft, which helps crypto projects raise money prudently, tells Axios. "It will certainly open up these offerings to a broader entrepreneurial base." "A blockchain system has every aspect of its economic flows available for inspection in real time on chain, making them potentially more efficient than public markets are today," Tom Howard, head of financial products at CoinList, which also facilitates blockchain-based fundraising, tells Axios. "We expect that updating securities rules to reflect the technology available today will greatly improve capital formation and productivity within the U.S." What we're watching: What kind of rules and limitations SEC staff might propose. We could imagine seeing, for example, a lighter registration process for fundraising for digital assets that will not ultimately be securities (no profit-sharing and no governance rights, for example). We could also imagine a different tier of accredited investor, specifically to certain kinds of digital asset markets.
Associated Press
18-07-2025
- Business
- Associated Press
SeedList Launching Institutional Crypto Crowdfunding Project to Empower Retail Investors and Disrupt the VC-Dominated Crypto Fundraising Landscape
Singapore, Singapore July 18, 2025 --( )-- SeedList, the industry-disruptive crypto crowdfunding platform hailed as the 'Robinhood' of crypto fundraising, today announced the official launch of its crypto project. Its business model is designed to complement that of industry leaders like CoinList, Republic & TokenSoft but targets non-U.S. clients and users. The SeedList launch will mark a pivotal shift in how digital assets are funded and who benefits from their success. SeedList's mission is clear: to dismantle the entrenched venture capital (VC) gatekeeping system that has long exploited retail investors and to decentralize investment power by rewarding real contributors, Key Opinion Leaders (KOLs), strategic partners, and engaged retail investors. Retail Investors Have Been Left Behind For years, retail investors have been relegated to the bottom of a pyramid-shaped capital stack, often serving as exit liquidity for early-stage VCs and insiders who secure massive allocations at rock-bottom valuations. The result has been widespread retail losses, disillusionment, and a broken system that contradicts crypto's founding promise of democratized finance. 'The crypto ecosystem promised financial empowerment for the many, but instead, retail investors have been repeatedly shortchanged, used as exit liquidity for VC firms focused on rapid exits and short-term gains,' said Rosa Pagani, SeedList Co-Founder. ' SeedList will remove VCs from the center of the equation entirely, decentralizing investment and putting financial power back into the hands of the people who actually build, promote, and sustain these projects, KOLs & value-add retail investors.' A New Narrative: From rapid-exit VCs to Meritocratic Access Legacy platforms have pushed the boundaries in our industry, innovating and enabling many crowdfunding crypto launches but have largely perpetuated a system favoring institutional insiders. 'These platforms often prioritize U.S.-based VCs, impose inflated valuations on retail investors, and offer limited upside, resulting in large retail losses and eroding trust,' said Brijesh Patel, one of SeedList's other co-founders. Brijesh continues, 'We are witnessing a critical movement away from the old VC narrative. SeedList flips this by rewarding measurable value, community building, technical development, and genuine engagement, ensuring that retail investors and KOLs have meaningful access and upside, and can invest before VCs at the Seed or Pre-Seed round of top 100 target market crypto projects.' Traction and Industry Momentum The crypto fundraising market is evolving rapidly. Existing platforms have launched over 50 projects since 2018, including landmark projects like Solana, Filecoin, Near, Flow, and Shardeum. They have now launched or plan to launch nearly 100 projects in the next year, including WalletConnect ($10mm on 4 launchpads including CoinList, Binance Launchpad, & Echo). Yet, despite this growth by these industry innovators, retail investors remain underserved and undervalued, said CryptoSheldon, Co-Founder of SeedList. He continues, 'We see growing demand for platforms that prioritize transparency, fairness, and real-world impact. SeedList's AI-driven meritocratic allocation system and international, non-U.S. focus position us uniquely to capture this momentum and deliver a better experience for retail investors and project founders alike.' SeedList's Differentiated Business Model Unlike competitors, SeedList will be designed to eliminate VC gatekeeping by using proprietary AI to dynamically adjust SAFT allocation based on measurable contributions rather than passive capital. Its curated ecosystem will connect projects with a vetted network of KOLs, strategic partners, and Tier 1 exchanges, accelerating project launches and aligning incentives across the board. Features include: - Merit-Based Allocation: Dynamic, AI-powered assessment of community impact, technical contributions, and marketing efforts - Retail Empowerment: Early access and fair pricing for retail investors, micro-influencers, and power users - International Focus: Serving non-U.S. markets to reduce regulatory friction and broaden access (KYC required) Industry-Wide Impact SeedList's launch will represent a fundamental shift in crypto fundraising, challenging the dominance of previous crypto crowdfunding platforms. By flattening the capital stack and rewarding real contributors, SeedList will offer a sustainable and inclusive model that benefits projects, investors, and the broader ecosystem. About SeedList SeedList is an in-development crypto project that intends to launch an institutional-grade, AI-powered crypto crowdfunding platform designed to empower the individuals and organizations that drive real project success. Backed by a team with deep expertise from leading global exchanges, venture capital, and Web3 projects, SeedList is setting a new standard for meritocratic, transparent, and large-scale crypto fundraising. With management from leading global exchanges and venture capital, and connections to industry leaders including Binance, a16z, Coinbase, Gemini, WhiteBIT, and AngelList/CoinList, SeedList intends to combine the rigor of traditional investment banking with the agility of decentralized finance, setting a new industry standard for meritocratic, transparent large-scale capital raising for top-100 target market crypto projects. This press release is not intended to be an offer to sell, or a solicitation of any offer to buy, any security or digital asset, or to participate in any SeedList-related offering or product. This press release may contain 'forward-looking statements' which may describe strategies, goals, outlooks or other non-historical matters, and may include words such as 'intends,' 'is designed to,' 'will,' and similar expressions that identify forward-looking statements. These statements are only predictions, and actual results can differ materially. Undue reliance on these forward-looking statements is cautioned against. Forward-looking statements are valid on the date they are made, and we undertake no obligation to update or revise them. Contact Information: Seedlist Brijesh Patel +1-323-444-9895 Contact via Email Read the full story here: SeedList Launching Institutional Crypto Crowdfunding Project to Empower Retail Investors and Disrupt the VC-Dominated Crypto Fundraising Landscape Press Release Distributed by
