An analyst has explained that the latest cooldown in the Ethereum futures market could suggest there is potential for a price rise to resume for ETH. Ethereum Funding Rates Have Seen A Decline Recently An analyst in a CryptoQuant Quicktake post explained that the ETH funding rates have seen a cooldown from their previously overheated …
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The Aave community has overwhelmingly approved a proposal that will set the ball rolling for deploying Aave V3 on Solana, a smart contracts platform. The motion, put forward by the Neon Foundation and the Aave Chan Initiative (ACI), passed with a majority vote of 83% based on results posted on January 21. Aave TEMP CHECK voting …
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Polygon (formerly Matic Network) is a game-changing Layer 2 scaling solution that addresses Ethereum’s scalability challenges. It empowers developers to create and deploy scalable, interoperable decentralized applications (dApps) by utilizing sidechains, plasma chains, and innovative scaling techniques. If you’re unfamiliar, sidechains are unique blockchains that are bound to the main Ethereum blockchain and are effective …
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Dogecoin (DOGE) has recently received support from the crypto community and some negative comments from recognized crypto actors. A discussion sparked on the X platform (Formerly known as Twitter) after Dogecoin’s Founder Billy Markus, also known as Shibetoshi Nakamoto, responded to a clip of the comments made by Ripple’s CEO Brad Garlinghouse about the memecoin. …
Bitcoin (BTC), the largest cryptocurrency in the market, has encountered a significant downturn following the waning hype around exchange-traded funds (ETFs), resulting in a 9% decline over the past fourteen days. However, Glassnode co-founders remain optimistic, asserting that the recent price corrections align with historical patterns and could propel Bitcoin to new heights, nearly doubling …
The ProShares Bitcoin Strategy ETF (BITO), the world’s largest BTC futures-based ETF, is seeing trading volume shrink as investors turn to spot Bitcoin ETFs (exchange-traded […] Go to Source
Recently, two Solana-based meme coins experienced a significant surge, prompting the question of whether the emerging meme coin, Meme Kombat, can replicate this success upon […] Go to Source
Built on the Solana blockchain, Myro experienced a remarkable surge of 10,399%, soaring from a low price of $0.0019 to reach an all-time high (ATH) […] Go to Source
Alessandro De Crypto highlights the high-potential Sponge V2 presale, echoing the success of Sponge V1 and guiding viewers to secure this rewarding investment opportunity. This […] Go to Source
Bankrupt crypto exchange FTX’s former trading arm Alameda Research is reportedly no longer pursuing its lawsuit against crypto giant Grayscale. Last March, debtors of the bankrupt digital asset exchange FTX filed a lawsuit against Grayscale in Delaware. The lawsuit alleged that Grayscale extracted over $1.3 billion in excessive management fees in violation of trust agreements. Additionally, …
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A Monday court hearing addressed the U.S. Securities and Exchange Commission (SEC)’s ongoing charges against Binance, Reuters reported on Jan. 22. Binance lawyer Matthew Gregory argued during the hearing that the SEC has not set clear regulations for the cryptocurrency sector. He said: “The SEC to this day has been talking out of both sides …
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Hong Kong is gearing up to launch its first spot crypto exchange-traded funds (ETFs) by mid-2024, a move that could redefine the landscape of digital asset investment in the region, according to Jan. 22 news reports. Multiple firms are looking to launch spot Bitcoin ETFs within the coming months now that Hong Kong has softened …
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Bitcoin has plunged below the critical threshold of $40,000, marking a significant downturn in the cryptocurrency’s value. Bitcoin was trading at $39,640 as of press time, down 18% from its peak of $49,000 earlier in January. The decline to around $40,000, Bitcoin’s lowest level since mid-December of the previous year, has been driven by a …
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John Deaton, a well-known crypto lawyer, said that regulatory actions against the crypto industry point to a significant government overreach and intrusion into the private sector. Deaton made the statement on social media on Jan. 22, where he specifically called out the actions of various federal agencies, including the SEC, FBI, EPA, and the Federal …
Crypto-related investment products experienced their first outflow for this year, totaling $21 million, according to CoinShares’ latest weekly report. The downturn coincided with an unprecedented surge in trading activity among Bitcoin products, reaching a staggering $11.8 billion last week. This remarkable volume was seven times higher than the average weekly volume recorded in the previous …
