The current price of Ethereum has been consolidating above the 100-day and 200-day moving averages, indicating a bullish trend in the market. This consolidation phase follows a period of sideways fluctuation after breaking above the critical 100-day moving average at $3,354. The lack of clear direction in the price suggests an equilibrium between buyers and
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Igloo, Inc. has recently secured a substantial $11 million in funding to support the development of its groundbreaking Ethereum layer-2 scaling network, known as ‘Abstract’. This marks a significant milestone in the company’s journey towards blockchain innovation and mass adoption of cryptocurrencies. The funding round was led by Founders Fund, with key investment partners including
Shiba Inu (SHIB) has recently experienced a 13% drop in value over the past week, leaving many investors concerned about its future trajectory. Analysts are divided on whether this downtrend will continue in the short term or if SHIB has the potential to rally in the long term. While some believe that the cryptocurrency is
Atari, a household name in the gaming industry, has made a bold move by partnering with Coinbase, a major cryptocurrency exchange, to bring classic video games into the blockchain era. This innovative cooperation aims to not only recreate iconic games like Asteroids and Breakout but also to rethink how creators are compensated in the gaming
Upon the launch of the Spot Ethereum ETFs in the United States, Grayscale’s Ethereum Trust experienced a significant outflow of $484 million on the first day of trading. This was largely expected due to the large premium gap that investors were capitalizing on before the ETF transitioned to spot-based trading. The potential loss of around
Binance Labs has recently made a strategic investment in Pluto Studio, the driving force behind Catizen, a Telegram-based gaming bot. This partnership is not just about financial support but also about enabling major fund injections for ongoing initiatives on the Pluto Studio platform. The aim is to solidify the studio’s vision of leading the next
The recent security breach at India-based centralized exchange WazirX has sent shockwaves throughout the cryptocurrency community. The exchange lost nearly half of its assets, amounting to over $230 million in user funds. The co-founder, Nischal Shetty, has been actively seeking partnerships to restore full operations and recover the stolen funds. This incident serves as a
With the recent approval of several spot Ethereum ETFs and their upcoming trading debut, the cryptocurrency market is abuzz with anticipation. Investors and traders are closely watching how Ether’s price will react to the influx of funds from these newly launched ETFs. Kaiko, a prominent data provider in the crypto space, suggests that the market
The Financial Technology Protection Act is a crucial piece of legislation that recently passed through the United States House of Representatives. The bill, introduced by Representative Zach Nunn, has garnered unanimous support from lawmakers and aims to address the growing concern of digital platforms being used for illicit activities and terrorism financing. One of the
The Coinbase premium has recently turned positive, sparking speculation about a potential resurgence of institutional interest in Bitcoin. This shift comes after a period of concern following a dip in mid-May, raising questions about the future trajectory of the cryptocurrency market. The Coinbase premium is a key indicator of institutional sentiment in the cryptocurrency market.
