Ethereum’s Security Status The Securities and Exchange Commission (SEC) believes Ethereum (ETH) is an “unregistered security.” This view is based on the Howey Test, a legal framework that many crypto enthusiasts consider outdated. SEC’s Investigation In March 2023, the SEC launched an investigation into Ethereum’s status as a security. The investigation focused on individuals and…
Ethereum (ETH), the second-largest cryptocurrency, has shown signs of life by rising above $3,300. This move may indicate a trend reversal for ETH, supported by several bullish signals. Bullish Chart Indicators MACD: Signals have reversed upward, indicating an end to the decline. Ethereum Dominance: Confirmed three bottoms and rebounded strongly. Notably: Ethereum’s price rebound has…
Freezing Accounts and Transferring Funds New York Attorney General Letitia James has penalized Pathward Bank, a national bank, for illegally freezing customers’ accounts and transferring their funds to debt collectors. An investigation by the Office of the Attorney General (OAG) found that Pathward froze hundreds of accounts more than 1,400 times and transferred tens of…
Toncoin (TON) Crypto trader Loma is optimistic about Toncoin (TON), the native token of the Toncoin project. He plans to buy TON around $5 and add to his position if it reaches $6. Loma believes TON has the potential to perform well in the current market cycle. Binance Coin (BNB) Loma also sees Binance Coin…
Justin Sun, the founder of Tron (TRX), has been buying up Ethereum (ETH) worth hundreds of millions of dollars as the crypto market experiences a correction. Accumulating Ethereum According to blockchain-tracking service Lookonchain, Sun has acquired 176,117 ETH, valued at approximately $559.7 million, since April 8th. This represents an average purchase price of $3,170 per…
Analyst’s Perspective A leading analyst predicts that Bitcoin’s bull market will continue even if it experiences a correction to $52,000. DonAlt, with a large YouTube following, believes that a 30% dip from Bitcoin’s peak is not unexpected given its recent surge. DonAlt explains that a drop to $52,000 would not weaken Bitcoin’s long-term strength. He…
Past Halving Cycles as a Guide According to Rekt Capital, a cryptocurrency expert, Bitcoin’s price has historically surged after each Halving, an event that reduces the supply of new Bitcoin. In the past two cycles, Bitcoin peaked within 518 to 546 days after the Halving. If this pattern holds, Bitcoin could reach its peak in…
Current State of Bitcoin Bitcoin’s price has struggled to stay above $65,000 since the halving event. It’s currently trading around $62,000, down slightly from the previous day. SOPR Ratio: A Bullish Indicator According to CryptoQuant analyst Phi Deltalytics, Bitcoin’s Adjusted Spent Output Profit Ratio (aSOPR) remains bullish. This means that, on average, people are still…
Legendary Trader’s Analysis Peter Brandt, a seasoned trader, has analyzed Bitcoin’s price behavior and suggests it may have peaked in its current cycle. He believes Bitcoin is showing signs of “Exponential Decay,” indicating a weakening in the momentum of its bull market cycles. Historical Bull Cycle Analysis Brandt analyzed Bitcoin’s previous bull cycles and observed…
Crypto Restrictions Russian lawmakers are planning to restrict cryptocurrencies, with a vote expected in the coming weeks. The ban would target crypto exchanges and exchangers outside a special legal framework. Mining and Testing Allowed Crypto miners, mining pools, and projects approved by the Central Bank would still be allowed to operate under the experimental legal…
