An on-chain analyst known as Checkmate predicts that Bitcoin (BTC) could be on the verge of a “euphoric bull” phase. Key Indicators Checkmate observes that Bitcoin is approaching a “decision point” where it could break through its all-time high. This has historically marked a transition to a more bullish phase. Another indicator is the MVRV…
As the cryptocurrency market rebounds, two Ethereum-based altcoins are seeing a spike in whale activity, according to market intelligence platform Santiment. Optimism and Chiliz Surge Optimism (OP) and Chiliz (CHZ) are witnessing increased interest from deep-pocketed investors. Santiment notes that large traders’ activity often foreshadows significant price volatility and potential reversals. Optimism is currently trading…
Bull Market Ends This Year Economist Henrik Zeberg warns that a major recession is likely in 2025. He predicts that risky investments like stocks and crypto will continue to rise in the coming months. However, he believes that this bull market will end abruptly later this year, as investors become overly optimistic. Fed’s Intervention Will…
A renowned crypto trader, known for accurately predicting market movements, believes Bitcoin (BTC) is poised for a significant breakout. Bullish Megaphone Pattern According to Dave the Wave, a pseudonymous analyst, Bitcoin is forming a bullish megaphone pattern, characterized by two higher highs and two lower lows. This pattern suggests a potential 50% surge to around…
Trust Broken by Unannounced Fees Nexo, once seen as a trustworthy crypto exchange, has sparked outrage among users after a sudden fee increase. Without warning, bank transfer fees jumped to £5/€5 for FPS/SEPA withdrawals and $25/£25 for SWIFT transactions. Users feel betrayed and frustrated, with many fearing a slippery slope of additional charges. “They sent…
Ripple Labs has filed a trademark application for “RLUSD” as the ticker symbol for its upcoming stablecoin. Details of the Trademark Filing The application was filed on May 7, 2024, and covers a wide range of financial services related to the stablecoin, including: Receiving and disbursing payments in virtual currency and digital tokens backed by…
SEC Approval Timeline If the Securities and Exchange Commission (SEC) approves Ethereum Spot ETFs, analyst James Seyffart predicts it could take weeks or even months before they start trading. This is because the S-1 filings need to be approved before trading can begin. VanEck’s Application Seyffart and his colleague believe the SEC will likely approve…
Milestone Reached Polygon, the Ethereum scaling solution, has reached an impressive milestone: 4 billion total transactions. This is a remarkable achievement, considering the network’s launch just four years ago. User Surge Polygon’s growth is not just a number. The network has seen a surge in daily active users, averaging over 1 million daily users for…
Analyst DonAlt predicts a surge in altcoins if an Ethereum spot ETF is approved. Impact on Bitcoin and Ethereum DonAlt believes an Ethereum ETF could reduce inflows to Bitcoin but boost Ethereum and underperforming altcoins. Potential Altcoin Beneficiaries The analyst highlights Pepe (PEPE) as an altcoin poised for a breakout if an ETF is approved….
Binance Labs, the venture capital arm of Binance, has invested in Aevo, a layer-2 (L2) decentralized exchange (DEX). Aevo’s Features Aevo is a high-performance DEX platform that specializes in futures and perpetual contracts trading. It’s built on top of Optimism’s OP Stack and uses Celestia for high-throughput data availability. Binance’s Investment Binance’s investment will help…
