Ethereum is breaking out of a pattern that suggests a big price jump. Analysts have been watching Ethereum closely, and they’re excited about what they’re seeing. The Breakout Ethereum’s price has been stuck in a range for a while, but it recently broke out of a pattern called a “symmetrical triangle.” This pattern often means…
Scroll, a leading zero-knowledge rollup for Ethereum, has launched its own token, SCR, to thank its community and build a more decentralized future. Recognizing the Community’s Efforts The SCR token will be distributed to Scroll contributors through airdrops and reward programs. The initial airdrop will go to: On-chain activity participants: Those who have actively used…
Dogecoin’s Potential Breakout A trader who accurately predicted the Bitcoin crash in May 2021 is now bullish on Dogecoin (DOGE). Known as Dave the Wave, he believes DOGE is forming a bullish pattern that could send it to $0.20. He even thinks it could reach its all-time high of $0.73 during this cycle. Bitcoin on…
A new paper from the European Central Bank (ECB) has sparked outrage in the Bitcoin community, with one veteran calling it a “declaration of war.” ECB Paper Slams Bitcoin The ECB paper claims that Bitcoin has strayed from its original vision and now exists solely to extract value from those who don’t own it. The…
Arthur Cheong, the CEO of DeFiance Capital, thinks decentralized finance (DeFi) is the hottest sector in crypto right now. He says DeFi has the “biggest product-market fit” because it’s finally maturing. DeFi’s Comeback Cheong says that DeFi has been through a rough patch, with lots of hacks and unsustainable projects. But he believes that the…
Bitcoin experienced a sudden drop below $67,000 on October 21st, but quickly recovered. This dip was likely caused by a few factors: Bitcoin’s Ties to the Stock Market Bitcoin’s price is closely linked to the stock market. When the stock market takes a tumble, Bitcoin often follows suit. On October 21st, the S&P 500 and…
The TON network, a blockchain project, has seen a significant drop in its daily active users. According to IntoTheBlock, a crypto analytics firm, the network currently has around 1.58 million users, down from a peak of over 5 million. What’s Going On? The decline in user activity is a bit of a head-scratcher. While the…
Coinbase, a major cryptocurrency exchange, is stepping up its fight with US regulators by demanding more information about how they’re handling crypto. Coinbase Wants to Know How Regulators Are Treating Crypto Coinbase’s legal team has filed two new Freedom of Information Act (FOIA) requests, aiming to get a clearer picture of how regulators are approaching…
Michael Saylor, the CEO of MicroStrategy, has stirred up a hornet’s nest in the Bitcoin community with his recent comments about custody and regulation. Saylor’s Argument: Big Institutions Are Safer Saylor claims that Bitcoin is safer in the hands of regulated institutions like BlackRock, Fidelity, and JP Morgan than with individual holders. He argues that…
Bitcoin’s Momentum is Picking Up A key indicator, the MACD histogram, has just turned positive for Bitcoin. This is the first time it’s happened since April 2024, and it’s a big deal! The MACD is basically a fancy way to measure Bitcoin’s momentum, and a positive reading suggests that the price is likely to keep…
