The SEC recently approved Ethereum spot ETFs, which has sparked discussions about the value and appeal of Ether, especially among older investors. Ethereum’s Selling Point: What Is It? Eric Balchunas, an ETF analyst, questioned if Ethereum has a simple selling point like “Bitcoin is digital gold.” Notable Responses Colin Wu: Ethereum is the “Web 3.0…
Trump’s Support for Crypto Former President Donald Trump has pledged to support cryptocurrency companies if re-elected. He believes the US should lead the global crypto industry and is open to the potential of digital assets. Biden’s Shifting Stance In contrast, President Joe Biden’s administration has taken a more cautious approach to crypto regulation. However, recent…
Limited Utility and Other Factors A Bloomberg ETF analyst, James Seyffart, predicts that Ethereum spot ETFs will attract less demand than Bitcoin spot ETFs. He cites several reasons for this: Market Cap Difference: Ethereum’s market cap is significantly lower than Bitcoin’s, which limits the potential for investment. ETF vs. Cryptocurrency Gap: The difference between Ethereum…
The native token of Open Campus, a decentralized education platform, has seen a surge of over 117% this week. The announcement that web3 firm Animoca Brands plans to purchase EDU tokens has contributed to the price increase. EDU Token Price EDU is currently trading at $1.10, a significant jump from its seven-day low of $0.505….
Affected Customers and Employees Santander, a major global bank, has announced a data breach that has compromised customer and employee information. The bank has confirmed that customers in Chile, Spain, and Uruguay, as well as current and former employees worldwide, have been affected. Data Exposed The bank has not disclosed the specific data that was…
Crypto analyst Ali Martinez has observed a significant increase in Ethereum (ETH) deposits on crypto exchanges over the past two weeks. This surge suggests increased trading activity, which could lead to price volatility. Sell Signal on Daily Chart According to Martinez, the Tom DeMark (TD) Sequential Indicator is flashing a sell signal on Ethereum’s daily…
Withdrawal of License Application Cryptocurrency exchange giant OKX has announced that it will discontinue its trading services in Hong Kong at the end of May. The decision follows the company’s withdrawal of its application for a virtual asset trading platform license. Reasons for Withdrawal OKX stated that the decision was made after careful consideration of…
Dogecoin’s future remains a hot topic, with analysts predicting its next moves. Potential 30% Drop Analyst Capt Toblerone predicts a 30% drop in Dogecoin’s price from its current level, with a reload area around $0.108. 1,300% Rally After the dip, Toblerone expects a massive 1,300% rally, potentially pushing Dogecoin to $1.5. This aligns with other…
Coinbase Perpetual Futures Coinbase, the leading US cryptocurrency exchange, is adding three meme coins to its perpetual futures contracts: Shiba Inu (SHIB), Bonk (BONK), and Floki (FLOKI). Trading will begin on May 30th at 9:30 am. This move expands Coinbase’s derivatives market to include these popular coins, giving users more trading options. However, perpetual futures…
Technical Analysis After reaching an all-time high, BNB has been consolidating within a bullish triangle flag pattern. Currently, it’s trading between $647 and $498, indicating potential for a bullish breakout. Moving Averages: BNB is trading above the 100-day Simple Moving Average (SMA), suggesting upward momentum. Relative Strength Index (RSI): The RSI is above zero, indicating…
