Ethereum (ETH) has been on a bit of a rollercoaster lately. After a nice climb showing higher highs and higher lows (a bullish sign!), it’s now chilling out in an accumulation phase just below a key resistance level. Think of it as a breather before the next big move. EMA Convergence: A Crucial Moment Right…
Several big investment firms are asking the SEC (Securities and Exchange Commission) to change how it approves new exchange-traded products (ETPs). They want the SEC to go back to a “first-to-file” system. The Problem with Simultaneous Approvals Currently, the SEC sometimes approves multiple similar ETP applications at the same time. VanEck, 21Shares, and Canary Capital…
Solana (SOL) is looking primed for a big move. Recent price action shows a tightening range, a classic “volatility squeeze” that often precedes a significant price jump. Traders are on the edge, waiting to see which way it breaks. Building Momentum On shorter timeframes, Solana’s price action is creating a clear breakout structure. Highs and…
Midland States Bank, a billion-dollar Illinois-based bank, will pay out $3.125 million to settle a class-action lawsuit. The suit claimed the bank, along with two banks it acquired (Centrue Bank and Alpine Bank & Trust), wrongly charged overdraft and non-sufficient funds (NSF) fees. What the Lawsuit Claimed The lawsuit alleged that the bank’s practices violated…
Polymarket, a cryptocurrency betting platform, is now the official prediction market partner for Elon Musk’s X (formerly Twitter). This collaboration aims to bring data-driven insights and predictions to users of both platforms. A Powerful Partnership The partnership will kick off with a joint product designed to help users make sense of breaking news and predict…
The US Treasury Department just pulled off the biggest bond buyback in history, snapping up a whopping $10 billion worth of its own debt. What’s the Deal? This move involves repurchasing bonds maturing between July 2025 and May 2027. The goal? To pay off debt early, potentially saving money on interest and tweaking the government’s…
Bitcoin’s price is facing some headwinds, according to the analytics firm Glassnode. After hitting a new all-time high recently, the cryptocurrency is now seeing increased selling pressure. Profit-Taking Pressure Glassnode says this selling is coming from long-term Bitcoin holders who bought in at earlier price points, like $25,000-$31,000 and $60,000-$73,000. They’re cashing in their profits,…
Bitcoin is showing a familiar pattern – the Golden Cross – which historically has preceded major price increases. While a recent dip near $100,000 might have caused some worry, analysts believe this is just a temporary setback. The Golden Cross and Bitcoin’s Potential The Golden Cross is a bullish technical indicator. One analyst, Chain Mind,…
Bitcoin’s price has been bouncing around lately, hitting a one-month low near $100,000. But some analysts think this is just the calm before the storm. They believe a major price jump is on the horizon, potentially pushing Bitcoin to a new all-time high. A Wild Ride Recent price volatility was partly fueled by the online…
Bitcoin recently experienced a small dip, losing about a billion dollars in leveraged bets. But don’t worry, it quickly recovered! One analyst, Klarch, believes this dip was just a temporary setback before another major price surge. Following the Pattern Klarch’s analysis shows Bitcoin follows a pretty consistent pattern after each “halving” (a significant event in…
