Ethereum’s price struggled to recover above the $3,650 resistance level, signaling bearish signs for the cryptocurrency. Despite an initial attempt to rally, ETH failed to gain momentum and settled below the key resistance level. Following the failed recovery, Ethereum experienced a fresh decline below the $3,550 support zone. The price is now trading below $3,550
The recent release of Gangster Arena 2 on Blast has taken the world of idle degen gaming by storm. This unique game combines mobile idle tycoon mechanics with PVP game theory, providing players with a distinctive blend of strategic and idle gameplay. The game immerses players in the role of a mob boss, challenging them
The latest version of B2BinPay has brought a significant enhancement in the form of TRX staking. Leveraging the advanced Stake 2.0 mechanism from the TRON community, this new feature offers increased flexibility, simplified user interactions, and enhanced efficiency in resource delegation and utilization. By staking TRX, B2BinPay clients can earn a passive annual yield of
The EU Innovation Hub for Internal Security has recently published a detailed report on encryption, with a significant focus on issues related to cryptocurrencies. The report, developed in collaboration with Europol, Eurojust, and other EU agencies, examines the impact of cryptocurrencies on law enforcement operations. According to the report, the use of cryptocurrencies poses unique
BloFin Exchange, a prominent cryptocurrency trading platform, has recently announced its integration with the Chainalysis blockchain data platform. This integration is significant as it will enhance the exchange’s compliance capabilities and strengthen the security of its global user base. By implementing the Chainalysis crypto risk solution, BloFin can now monitor cryptocurrency transactions in real time,
Animoca Brands Corporation Limited and its subsidiary Bacasable Global Limited, the operators of the user-generated content platform The Sandbox, have recently announced a successful funding round of $20 million. This funding includes a valuation cap of $1 billion for the platform, solidifying Animoca’s reputation as a leader in advancing digital property rights within the open
With risk assets in the financial sector currently appearing vulnerable, experts warn that economic factors could push bitcoin into a “slow bleed environment.” Last week, U.S. authorities released stronger-than-expected jobs data, causing a dent in assets like bitcoin. However, BTC remained resilient, with the help of continued inflows into the U.S. spot Bitcoin exchange-traded funds
The cryptocurrency market is abuzz with a renewed sense of optimism as investment funds witness a historic surge in inflows. According to CoinShares, a leading digital asset manager, there was a record-breaking $2 billion influx into crypto funds in just one week. This surge surpasses the entire month of May’s net inflows, marking a significant
The US spot Bitcoin ETFs, including GBTC, started June with a bang, collectively purchasing 25,729 BTC in the first week. This was a significant increase compared to the previous months, with data showing that in January, these ETFs acquired 33,456 BTC, followed by 116,561 BTC in February and 65,456 in March. However, April saw an
Ethereum faced a major setback as it failed to break through the $3,720 resistance level. This led to a downward trend, pushing the price below $3,650 and the 100-hourly Simple Moving Average. The inability to surpass key resistance levels has put ETH at risk of further losses, potentially dropping below the $3,550 support zone. ETH
