Ethereum and Bitcoin See Transaction Fees Plummet Amid Market Downturn

TLDR Ethereum gas prices have dropped significantly, with the average price at 7.32 Gwei as of June 21, 2024, down from higher levels earlier in the year. Layer 2 (L2) solutions on Ethereum are experiencing record-high activity, helping to reduce congestion on the main chain. Bitcoin transaction fees have also decreased, reaching $1.93 per transaction …

Bitcoin tumble below $63,000 last week was its second-worst weekly performance of 2024

Crypto derivatives markets: Bitcoin vs. Ethereum Andjela Radmilac · 3 hours ago CryptoSlate’s latest market report dives deep into the theoretical and practical differences between BTC and ETH and explores their respective futures, options, and perpetual futures markets. Go to Source

Kenya Concludes Worldcoin Investigation

Kenyan police have reportedly closed their investigation of Worldcoin, allowing the latter to resume its activities in the East African nation. The chief legal officer at Tools for Humanity confirmed that Worldcoin would soon resume registering Kenyan users. Tools for Humanity Praises ‘Fair’ Investigation The Kenyan police have reportedly concluded their investigation into Worldcoin, which …

Mt. Gox to begin Bitcoin repayments to creditors in July 2024 spooking market

Mt. Gox, the bankrupt Japanese crypto exchange, will repay creditors’ Bitcoin and Bitcoin Cash assets starting July 2024. Following the announcement, the market sold off, with Bitcoin dipping below $61,000. In a June 24 statement, the exchange’s Rehabilitation Trustee, Nobuaki Kobayashi, wrote: “The Rehabilitation Trustee will commence the repayments in Bitcoin and Bitcoin Cash in …

Bitcoin Technical Analysis: Mt Gox Payment News Rattles Markets

Bitcoin’s price action on June 24, 2024, indicates a clear bearish trend. Hovering around $61,171, bitcoin has fluctuated between $60,580 and $64,384 in the past 24 hours. BTC’s market cap is $1.21 trillion, with a trading volume of $19.12 billion, reflecting significant market activity despite the decline. The decline on Monday aligned with recent news …

Coinbase sell pressure increases as Bitcoin dips below $61k, over $100 million liquidated

Quick Take On June 24, Bitcoin experienced a significant downturn, dropping approximately 3% to just below $60,600, marking its lowest price since May 10. BTCUSD: (Source: TradingView) This decline has been accompanied by substantial liquidations in the digital assets market. Coinglass data reveals that in the past 24 hours, $280 million of positions were liquidated, …

Metaplanet to issue $6.26M in bonds for Bitcoin purchase, shares up 12%

Crypto derivatives markets: Bitcoin vs. Ethereum Andjela Radmilac · 2 hours ago CryptoSlate’s latest market report dives deep into the theoretical and practical differences between BTC and ETH and explores their respective futures, options, and perpetual futures markets. Go to Source

Crypto derivatives markets: Bitcoin vs. Ethereum

Introduction  Derivatives play a crucial role in financial markets, providing essential tools for hedging, speculation, and price discovery. These instruments derive value from underlying assets, allowing market participants to manage risk and gain exposure to asset price movements without directly owning the assets. In the traditional financial market, derivatives are a massive category. The Bank …

Mt Gox to Start Distributing $9 Billion in Bitcoin to Creditors in July After Decade-Long Wait

On Monday, June 24, 2024, the Mt Gox bankruptcy trustee declared that reimbursements are slated to commence at the start of July. The trustee explained that disbursements will be made in bitcoin and bitcoin cash and sent to designated exchanges. After Ten Years, Mt Gox Trustee Announces July Start for Repayments Approximately $9 billion worth …

User Games Zksync Airdrop, Receives Over $1.1 Million in 350 Wallets

K1z4, an X user, recently revealed that they had farmed the Zksync airdrop, receiving over 6.6 million ZK tokens, valued at over $1.1 million. K1z4 specified that they had used an elaborate setup of 350 wallets with different IPs and various tools to make the bots used in this task seem more human, including artificial …

AI Depin Project Grass to Implement Rewards Distribution Using Solana

Grass, an artificial intelligence Depin project, has announced the inclusion of Solana wallets as part of its ongoing rewards distribution process. Grass stated that this new addition will allow them to track the origin of each piece of scraped data and reward the node providing this info according to its relative value. AI Depin Project …

LBank Exchange Will List DED (DED) on June 24, 2024

PRESS RELEASE. Road Town, BVI, June 24, 2024 – In a significant move for cryptocurrency and mobile technology enthusiasts, LBank Exchange, a premier global digital asset trading platform, has announced the listing of DED (DED) on June 24, 2024. Users of LBank Exchange can brace themselves for the DED/USDT trading pair, which will go live …

Top Analyst Issues Bitcoin Warning, Says BTC at Last Line of Defense Before Colossal Breakdown

A crypto analyst who nailed the 2022 Bitcoin bottom is warning that BTC is in danger of witnessing a massive breakdown. In a new video update, pseudonymous analyst DonAlt tells his 60,100 YouTube subscribers that BTC is at risk of losing all bullish momentum. The crypto strategist says that Bitcoin will likely go through a …

XRP Bears In Control: Understanding the Sustained Bearish Sentiment

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance …

Ethereum Price Trims Gains as Bitcoin Slump Drags Crypto Market

Ethereum price struggled to climb above the $3,550 resistance and trimmed gains. ETH gained bearish momentum alongside Bitcoin and tested the $3,385 zone. Ethereum is trimming gains from the $3,550 resistance zone. The price is trading below $3,500 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near …

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