Ethereum’s price has been consolidating above the 100 and 200-day moving averages, indicating a bullish trend. The breakout above the critical 100-day moving average at $3,354 led to a period of sideways fluctuation, with the price lacking clear direction. This phase confirms the breakout and suggests an equilibrium between buyers and sellers in the market.
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Shiba Inu (SHIB) has recently experienced a significant drop of 13% in the past week, leading many analysts to speculate on its future performance. The popular meme coin has been struggling, with its price plummeting according to CoinGecko’s data. Some industry experts have warned that this downward trend could continue in the short term, posing
The launch of Spot Ethereum ETFs in the United States marked a significant milestone in the world of cryptocurrency trading. However, the initial results were less than impressive for Grayscale, the world’s largest crypto asset manager. The newly converted Ethereum Trust (ETHE) experienced a massive outflow of $484 million on the first day of trading.
Pluto Studio, the GameFi publishing platform behind Catizen, has recently received a major investment from Binance Labs. This partnership is set to inject funds into the platform, enabling the development of new initiatives and solidifying Pluto Studio’s position as a leader in the Web3 gaming space. Catizen, a Telegram-based gaming bot developed by Pluto Studio,
Atari, a household name in the gaming industry, has always been at the forefront of innovation. In a bold move, Atari has entered into a partnership with Coinbase, a leading cryptocurrency exchange, to bring classic games such as Asteroids and Breakout into the world of blockchain technology. This partnership aims to reimagine these iconic games
Following a major exploit, India-based centralized exchange WazirX has been struggling to restore its full operations. The exchange’s co-founder, Nischal Shetty, took to social media to share the challenges they are facing and the efforts being made to find a solution. With nearly half of its assets lost in the exploit, WazirX is actively seeking
The Coinbase premium turned positive in early July after a period of concern following a dip in mid-May. According to research from Kaiko, this could hint at a resurgence of institutional interest in Bitcoin. The Coinbase premium, a key indicator of institutional sentiment in the cryptocurrency market, measures the difference between hourly bitcoin prices on
The United States House of Representatives recently passed the Financial Technology Protection Act, a bill that aims to address the growing concerns surrounding the use of digital platforms for illicit activities and terrorism financing. The bill, introduced by Representative Zach Nunn on April 27, 2023, was approved on July 22, 2024. One of the key
As the approval for several spot Ethereum ETFs has been granted, the crypto market is eagerly awaiting their launch on Tuesday. While there have been adjustments to registration statements, the price of Ether has remained relatively stable. According to Kaiko, a leading crypto data provider, there is anticipation that the inflows from these spot ETFs
In the world of cryptocurrency, the largest spot Bitcoin ETFs in the US have seen positive inflows recently. However, despite this, the price of the underlying asset experienced a significant retracement yesterday. The price of Bitcoin dropped to $63,000 after failing to maintain above $65,000, but quickly bounced back and reached $67,500. Over the weekend,
MetalCore Arena is a revolutionary free-to-play blockchain game that is set to redefine the gaming industry. By combining modifiable teams of mechanized units and squads of infantry with blockchain technology, MetalCore Arena offers players a whole new era of gaming experience. The addition of blockchain not only adds strategic depth to the game but also
A recent report from CoinShares has indicated a significant uptick in inflows for Ethereum (ETH) over the past week, surpassing Solana’s (SOL) inflows for the year 2024. This surge in inflows coincides with the impending launch of exchange-traded funds (ETFs) that will allow regulated investment in the US for the second-largest cryptocurrency by market capitalization.
Crypto analyst RLinda has recently made a strong case for Bitcoin, suggesting that the flagship cryptocurrency could soon reach a new all-time high (ATH) of $90,000. She pointed out several fundamental factors that could support this potential surge in Bitcoin’s price. RLinda mentioned that the market is eagerly anticipating the launch of Spot Ethereum ETFs,
Asia’s financial market is taking a significant step forward with the launch of the CSOP Bitcoin Futures Daily (-1x) Inverse Product in Hong Kong. This new exchange-traded fund by China Southern Asset Management Co., Ltd (CSOP) is designed to provide investors with a unique opportunity to profit from declines in Bitcoin’s price. The CSOP Bitcoin