In response to the recent price spike that almost brought Ethereum (ETH) to the $4,000 mark, the second-largest cryptocurrency has seen renewed market enthusiasm and inflows. This surge was triggered by the US Securities and Exchange Commission’s (SEC) approval of Ethereum ETF applications from major asset managers. According to a report by CoinShares, digital asset
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Christian’s career as a journalist has taken him on a journey through various facets of the industry. From working at newspapers in Canada and South Korea to settling down at a local news giant in the Philippines, he has honed his craft and become a total news junkie. However, it was his discovery of the
Core Scientific, a key player in North America’s digital infrastructure sector, has recently announced a game-changing strategic partnership with CoreWeave, an AI Hyperscaler. This collaboration involves a series of long-term contracts spanning over 12 years, where Core Scientific will provide approximately 200 MW of infrastructure to support CoreWeave’s high-performance computing (HPC) operations. This partnership marks
Recent data has revealed a significant drop in the supply of Bitcoin (BTC) and Ethereum (ETH) on exchanges. According to BTC ECHO analyst Leon Waidmann, exchange balances for both Bitcoin and Ethereum are currently at their lowest levels in years. The supply of Bitcoin on exchanges has decreased to 11.6%, while the supply of Ethereum
Recently, Binance announced its decision to limit the availability of “unregulated stablecoins” in the EU by June 30, in accordance with the upcoming Markets in Crypto-Assets Regulation (MiCA). This move is expected to have a significant impact on the stablecoin market in the European Economic Area (EEA). Binance revealed that it plans to implement a
In a recent blog post titled “How to get regulatory clarity for crypto,” Coinbase CEO Brian Armstrong emphasized the importance of securing regulatory clarity for the crypto industry. He called for a unified effort to support pro-crypto political candidates and vote out anti-crypto incumbents. Armstrong highlighted the significant investment that Coinbase has made in policy
Crypto analyst Tara has recently pointed out a bullish pattern on the Bitcoin chart, suggesting that the flagship cryptocurrency could be on the verge of a major price surge. She predicted that Bitcoin could reach $75,800, marking a new all-time high for the digital asset. Tara’s analysis indicated that Bitcoin has completed a full ABCDE
The price of Bitcoin seems to have settled back into a choppy market condition, dimming any hopes of a quick breakout to new highs. Despite this setback, there is still a glimmer of hope that the current bull cycle is not yet over, even though Bitcoin is taking its time to regain its upward momentum.
Bitcoin has been facing challenges in breaking above the $72,983 resistance level, resulting in a continuous drop in its price. Despite still trading above the 1-day Simple Moving Average (SMA), the rejection has caused the cryptocurrency to fall from $71,942 to $66,785, moving below the SMA in both the 1-hour and the 4-hour chart. This
Coinbase recently filed a closing brief with the US Court of Appeals for the Third Circuit, taking on the Securities and Exchange Commission’s (SEC) denial of its rulemaking petition. The crux of the matter lies in the SEC’s order, which seemingly dismissed Coinbase’s claim that current SEC rules are unworkable for digital asset firms. In
