The Securities and Exchange Commission (SEC) has recently requested spot Ethereum ETF applicants to update their 19-b4 filings, sparking greater optimism among industry insiders for potential approvals. According to sources familiar with the matter, Bloomberg ETF analyst Eric Balchunas believes that the SEC may reverse its anticipated stance and refrain from denying the pending applications.
Ethereum, the second-largest cryptocurrency by market capitalization, is currently at a crucial juncture, with a prediction of a potential breakout. Prominent crypto analyst Jelle recently pointed out that Ethereum is nearing the end of a falling wedge pattern, a situation often interpreted as a bullish signal in technical analysis. Jelle observed a falling wedge pattern
Retail investors are once again showing a keen interest in Ethereum meme coin markets, with the emergence of a new token called Apu causing quite a stir on DEX markets. The current price trends of APU token indicate a rollercoaster ride for investors, as the market price of $0.00000001682 represents a 24-hour change of -82%.
The recent announcement of Michael Sonnhenshein stepping down as the CEO of Grayscale, the world’s largest Bitcoin ETF, has sparked interest and speculation within the cryptocurrency industry. His replacement by Peter Mintzberg, a seasoned professional from Goldman Sachs, signals a significant shift in leadership at the company. This move comes at a crucial time for
Bitcoin’s price has experienced some fluctuations in the past 24 hours, dropping below $67,000 on multiple occasions. However, it has managed to recover from each correction and is currently trading around that line once again. This demonstrates the volatile nature of the cryptocurrency market, where prices can shift rapidly in a short period. Altcoins Reacting
Bitcoin’s price movements are often influenced by various technical indicators and patterns. One such indicator that has recently turned bullish is the Stablecoin Supply Ratio (SSR) Oscillator. This unique tool compares the supply of stablecoins to Bitcoin and helps traders identify potential buying or selling opportunities. When the SSR oscillator breaks below the lower Bollinger
The upcoming economic week is set to be an intriguing one, with major events such as the release of the Federal Reserve meeting minutes and a significant earnings report from Nvidia. These events have the potential to influence markets significantly and provide valuable insight into the state of the economy. In addition to the Federal
Draftables, the much-anticipated American football-inspired web3 game, recently achieved a remarkable feat by selling out its Founder Pass NFTs on Avalanche’s Hyperspace in under 10 minutes. The rapid sale of the freebie Founder Pass NFT series on the platform reflects the immense excitement and anticipation surrounding the game. This impressive achievement underscores the strong demand
The cryptocurrency market is currently witnessing a significant transformation in terms of mainstream acceptance. With the Bitcoin halving event and the hype surrounding BTC ETF, there has been a surge in the number of users in the space. Along with this trend, crypto whales, who are investors capable of influencing market trends due to their
The recent arrest of Aiden Pleterski, known as Ontario’s ‘Crypto King,’ has sent shockwaves through the cryptocurrency community. Accused of fraud and money laundering in connection with an alleged Ponzi scheme, Pleterski and his associate Colin Murphy are facing serious charges. The allegations suggest that they stole around $30 million from unsuspecting victims, leading to
Recently, a confidential United Nations report uncovered the alarming activities of North Korea’s cybercriminal group, the Lazarus Group. This group managed to transfer millions of dollars’ worth of stolen cryptocurrency back to North Korea through various illicit means. One notable incident involved the theft of $147.5 million in cryptocurrency from a prominent crypto exchange owned
Recently, two siblings who attended the Massachusetts Institute of Technology (MIT) have been accused of exploiting a vulnerability in the Ethereum blockchain. This resulted in them swindling $25 million in just 12 seconds, marking it as a unique cybercrime. The accused, Anton Peraire-Bueno, 24, and James Peraire-Bueno, 28, are now facing federal charges in Manhattan
Polkadot recently announced a groundbreaking partnership with Founder Institute to launch the first Web3 cohort in its Core Program. This collaboration signifies a new chapter in startup acceleration and Web3 technology education, according to Founder Institute. The program, set to launch on May 28, will be guided by top experts from the Polkadot community. This
Bitcoin experienced a highly positive trading week, with its price skyrocketing to over $67,000 – the highest it has been in almost a month. The digital asset retraced slightly to just over $60,000 last Friday before bouncing back and climbing to $63,000 on Monday. Despite a brief dip to $61,200 on Tuesday, Bitcoin saw a
Magic Square has introduced Magic Launchpad, an Initial DEX Offering (IDO) platform that seeks to revolutionize the way early-stage projects raise funds. With a vast user base of over 4.5 million unique wallets and a thriving community of more than 1400 registered projects, Magic Square is poised to offer a comprehensive solution for growth hacking,
The Chinese police recently made headlines for busting a massive underground banking operation that utilized the popular stablecoin Tether (USDT) to facilitate transactions worth 13.8 billion yuan ($1.9 billion). This operation, which was based in Chengdu Municipal, involved 193 suspects who were directly linked to the criminal activities. It was reported that the police managed
The recent surge in Bitcoin price, reaching above $67,000, can be attributed to various factors, one of which is the increase in the supply of the stablecoin USDT. According to a report by LookonChain, the Tether Treasury has minted an additional 1 billion USDT, indicating a rising demand for the stablecoin. With USDT being the
Mollars (MOLLARS) is a new store of value altcoin that is rapidly gaining popularity in the crypto space. The ICO for Mollars is quickly approaching US$1.5 million, with 72% of the tokens already sold during the initial coin offering. This digital asset is being touted as the answer to Bitcoin for Ethereum Blockchain’s 250-million wallet
The recent surge in the cryptocurrency market, particularly with Bitcoin’s price soaring from $61,000 to above $67,000, has left many investors wondering about the driving forces behind this significant rally. One key factor highlighted by popular blockchain analytics firm CryptoQuant is the decreased selling pressure in the BTC market. Short-term holders are reportedly selling at
One of the key factors that could potentially contribute to Dogecoin flipping Ripple’s market cap is the influence of Elon Musk. Having Musk as a supporter brings enormous credibility and publicity to Dogecoin, creating a strong foundation for growth. On the other hand, Ripple needs a champion with a similar cachet to stay ahead in
The world of artificial intelligence (AI) and cryptocurrency has been rapidly evolving in recent months. With the introduction of a new ChatGPT model by OpenAI, the potential for growth in this niche market has been on the rise. As the total market capitalization of AI-related cryptocurrencies surpasses the $30 billion mark, investors are looking for
One of the major players in the cryptocurrency exchange space, Coinbase, has expressed a level of optimism regarding the approval of spot Ethereum ETFs by the SEC. Despite the current uncertainty surrounding the decision, Coinbase Institutional Research Analyst David Han believes that there is a 30% to 40% chance of approval by the end of
Recently, Oklahoma made history by becoming the first state in the United States to legally protect the right to self-custody Bitcoin. With the passing of bill HB3594, residents are now able to hold, control, and use digital assets without the fear of state interference. This new legislation also covers digital asset mining and ensures that
The recent surge in the Solana meme coin market has brought attention to the explosive growth of ETF token, which has seen a remarkable +207% increase in just 24 hours. The current market price of ETF token stands at $0.00134, with a significant 24-hour change of +202%. The price action of ETF token has been
A recent prediction by a crypto analyst has sparked excitement within the cryptocurrency community. The analyst, known as ‘Yoddha’, has set a bold timeline for Ethereum’s journey to new all-time highs, specifically targeting a price point above $10,000. This forecast has generated speculation and intrigue among investors and enthusiasts alike. Yoddha’s prediction is not based
In the volatile world of cryptocurrency markets, understanding the factors that influence price action is crucial for both analysts and investors. Recently, cryptocurrency expert Ali Martinez has delved into the fluctuations in Bitcoin’s price by applying the basic economic theory of supply and demand. It is widely recognized that the price of any asset, including
Recently, crypto analyst Crypto Jebb pointed out an inverse heads and shoulders pattern on the Bitcoin chart. According to him, this bullish pattern suggests that Bitcoin might be gearing up for another rally, potentially pushing its price up to $100,000. Jebb mentioned in a video on his YouTube channel that this pattern, which he had