A respected crypto analyst known as Credible Crypto is predicting big things for Ethereum (ETH). Ethereum’s Solid Support Credible Crypto believes ETH is unlikely to fall below $1,600, with strong support between $2,800 and $3,430. SEC Ruling as a Catalyst The recent decision by the U.S. Securities and Exchange Commission (SEC) to end its investigation…
VanEck’s Matthew Sigel, head of digital assets research, has outlined a scenario where Ethereum (ETH) could reach a staggering $154,000. Market Share Expansion Sigel believes Ethereum can achieve this six-figure price by capturing a significant portion of the market: 90% of smart contract value 15% of total financial markets 50% of advertising hosted on open-source…
Hacks and Collapses Plague Jump Trading The Commodity Futures Trading Commission (CFTC) is investigating Chicago-based Jump Trading’s involvement in the crypto market. The firm has faced setbacks, including: A $325 million hack of Wormhole $300 million in losses from the FTX collapse Involvement in the TerraUSD stablecoin collapse Crypto Crackdown Intensifies The SEC and DOJ…
Halving Headaches: Balancing Rewards and Risks The recent Bitcoin halving in April 2024 has halved the rewards miners receive for validating transactions. This has squeezed their profits, forcing them to make tough choices. Selling Smart: Strategic Swaps Over Hodling Instead of holding onto Bitcoin in hopes of price appreciation, miners are now selling to cover…
Shiba Inu’s popularity is soaring as Crypto.com announces support for the meme coin. Crypto.com Embraces Shiba Inu Crypto.com has added Shiba Inu to its Visa card program, alongside other meme coins like Floki and PEPE. The Visa card allows users to make crypto payments and withdraw cash at ATMs. Global Adoption for SHIB With Crypto.com’s…
Voting Process The voting for the Interim Constitutional Committee (ICC) began on June 13th and will run until June 23rd. ADA holders can select three new members for the ICC through the Summon Platform. The ICC will play a key role in upholding the interim constitution during the upcoming Chang hard fork. Criticism of Voting…
Ethereum (ETH) holders are on the rise, even as the cryptocurrency’s price continues to fall. According to analytics platform Santiment, ETH wallets have been increasing while Bitcoin (BTC) wallets have been decreasing since mid-March. Bitcoin Holders Liquidating Santiment notes that Bitcoin holders have recently experienced their biggest three-day drop in non-empty wallets since before the…
Binance Labs, the venture capital arm of the world’s largest cryptocurrency exchange, has invested in Rango, a cross-chain decentralized exchange (DEX) and bridging aggregator. Rango: Connecting Traders Across Blockchains Rango aggregates liquidity from multiple blockchains, including Bitcoin, Solana, Tron, and Cosmos. It offers over 60 digital assets, 70 DEX protocols, and 20 bridges, with a…
According to Glassnode, a blockchain analytics company, Coinbase currently holds a massive amount of Bitcoin (BTC), accounting for about 4% of the cryptocurrency in circulation. Vast Holdings Coinbase’s custody service manages approximately 839,000 BTC, divided between its exchange and custody entities: Coinbase Exchange: 270,000 BTC Coinbase Custody: 569,000 BTC Surge in Deposits Coinbase saw a…
Falling Bitcoin Exposure Hedge funds are getting cold feet on Bitcoin. Their exposure to the cryptocurrency has dropped to its lowest level since October 2020. André Dragosch, a research expert, says this shift shows a cautious or even negative view of Bitcoin among professional investors. Broader Market Trends This caution aligns with other trends, like…
