As Ethereum’s price consolidates above the 100 and 200-day moving averages, it indicates a bullish trend in the market. The breakout above the critical 100-day moving average at $3,354 led to a period of sideways fluctuation, showing an equilibrium between buyers and sellers. The launch of spot ETH ETFs has brought upward momentum targeting the
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The recent rebranding of Solend to Save marks a significant milestone in the world of decentralized finance (DeFi) on the Solana blockchain. The platform has undergone a strategic evolution to better serve its users and open up new financial opportunities within the Solana community. New Products and Features Save has introduced three innovative products as
Igloo, Inc., the company known for the popular NFT brand Pudgy Penguins, has recently secured over $11 million in funding to support the development of its new Ethereum layer-2 scaling network named ‘Abstract’. This significant investment milestone marks a major step forward in the company’s journey towards blockchain innovation. The funding round was led by
Shiba Inu (SHIB) has been experiencing a rough patch in the past week, with its price plummeting by approximately 13%. Analysts have suggested that the downtrend may continue in the short term, as the cryptocurrency struggles to maintain its valuation. One analyst pointed out that as long as SHIB remains within the $0.0000185-$0.0000164 range, it
The recent launch of Ethereum Exchange-Traded Funds (ETFs) in the United States on July 23 has not been smooth sailing for the world’s largest crypto asset manager, Grayscale. The Ethereum Trust (ETHE) faced significant losses, with investors pulling out a staggering $484 million on the first day of trading. This trend is reminiscent of the
The recent investment by Binance Labs in Pluto Studio, the GameFi publishing platform behind Catizen, signifies a major development in the world of Web3 gaming. This strategic partnership is set to inject significant funds into ongoing initiatives on the Pluto Studio platform, solidifying the studio’s vision to lead the next wave of Web3 gaming. The
Atari and Coinbase have recently formed a groundbreaking partnership aimed at reinventing classic video games through the use of blockchain technology. By leveraging the Onchain Summer and Onchain Arcade projects, the collaboration seeks to create a new era of gaming that not only resonates with users but also revolutionizes the monetization process for game creators.
After a significant exploit that led to the loss of almost half of its assets, India-based centralized exchange WazirX is actively seeking partnerships to restore full operations. Co-founder Nischal Shetty took to social media on July 23 to update users on the situation and shared that the exchange is diligently working on a solution to
As the launch date for several spot Ethereum ETFs approaches on Tuesday, the cryptocurrency community is cautiously optimistic about the potential impact on Ether’s price. Despite initial excitement following the approval of the 19b-4 rule in May, Ether has seen a downward trend, leading to increased uncertainty and speculation in the market. Sensitive Market Dynamics
In early July, the Coinbase premium turned positive after a period of concern following a dip in mid-May. Research from Kaiko suggests that this shift could indicate a resurgence of institutional interest in Bitcoin. The Coinbase premium, which measures the difference between hourly bitcoin prices on Coinbase’s BTC-USD pair and Binance’s BTC-USDT pair, is a
