Last week, bitcoin (BTC) rallied past $44,000 but hit a significant resistance level at almost $45,000 and came tumbling down. According to a report by an analyst at market analytics platform CryptoQuant, profit-taking by a certain investor cohort may have caused BTC’s price to retrace. BTC’s Short-term Retracement CryptoQuant’s analyst Yonsei discovered through an analysis […]
‘Concerning precedent’ — bloXroute Labs' MEV relays to reject OFAC blocks
A decision by bloXroute Labs to start censoring OFAC-sanctioned blocks has been seen as a loss for Ethereum censorship resistance.
MilkyWay Brings Liquid Staking to Celestia (TIA)
Hot modular blockchain Celestia has introduced a new liquid staking product for its native token TIA. Liquid staking allows TIA holders to earn rewards while keeping their tokens accessible for other DeFi activities. The mechanism, powered by Cosmos, will use milkTIA as a liquid staking token. Celestia aims to aid developers in creating interoperable and […]
Ethereum Price Analysis: ETH Eyes Fresh Increase To $2,450
Ethereum price is eyeing an upside break above the $2,265 resistance against the US Dollar. ETH price is now trading near $2,250 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $2,265 on the 4-hour chart (data feed from Coinbase). The pair could climb further […]
Solana Outpaces Ethereum in Daily Volume
For the first time ever, Solana’s daily DEX volume outshone Ethereum, although the reign was short-lived. The newfound popularity of meme coin BONK, alongside USDC integration, has fuelled interest in Solana’s DeFi ecosystem. Solana boasts cheaper transactions and faster settlement times compared to the congestion of Ethereum. Since its inception in 2020, Solana has been […]
Ethereum Price Restarts Increase But Can Bulls Turn It Into Rally?
Ethereum price is recovering losses from the $2,120 support. ETH is up over 3% and the price could gain pace if it clears the $2,250 resistance. Ethereum is moving higher from the $2,120 support zone. The price is trading above $2,200 and the 100-hourly Simple Moving Average. There was a break above a key bearish […]
Binance Settles with CFTC for $1.5 Billion in Fines and Restitution!
The post Binance Settles with CFTC for $1.5 Billion in Fines and Restitution! appeared first on Coinpedia Fintech News The U.S. Court has approved a settlement between the CFTC and Binance, with Binance paying $2.7bn and its former CEO, CZ, paying $150m. The court found that Binance and CZ violated federal law by operating an […]
Why Bitcoin longs are seeing liquidations
Bitcoin’s Funding Rate has continued to decline. BTC has seen waning fortunes as well, as it dropped off the $42,000 price range. Recently, Bitcoin [BTC] fell below the $42,000 price range, and there is a possibility of further descent if the current downward trend persists. The price decrease has led to a decline in trader […]
Popular Trader Just Shorted Ethereum – Here Is Why
Veteran trader Peter Brandt believes that Ethereum is heading for a dip after identifying a rising wedge pattern on the ETH/USD chart. Brandt believes the next target for ETH is USD $1,000, with the token hitting a low of USD $650 before finally turning things around. The analysis comes amid a potential flood of money […]
SEC Delays Decisions on Ethereum ETFs, Seeks Public Input!
The post SEC Delays Decisions on Ethereum ETFs, Seeks Public Input! appeared first on Coinpedia Fintech News The Securities and Exchange Commission (SEC) has deferred a decision on two proposed exchange-traded funds (ETFs) related to Ethereum, according to a statement released by the regulatory body. The Hashdex Nasdaq Spot Ethereum ETF and the conversion of […]