In the midst of the largest downturn in the current market cycle, investor sentiment within the digital asset market remains uncertain. The fluctuating prices and volatile conditions have left many wondering about the future direction of the market. Despite the overall uncertainty, Glassnode’s analysis reveals a shift towards HODLing and accumulation among investors. Following a
Bitcoin’s price has seen a significant increase in just a day, climbing nearly two thousand dollars, all thanks to the better-than-expected core PPI numbers in the United States. This surge in price has also impacted several altcoins, with TON experiencing a remarkable jump to over $6.7. Bitcoin, the leading cryptocurrency, ended the previous business week
Ethereum’s Layer 2 ecosystem has been seeing a surge in activity recently, with daily transaction volumes hitting new highs. According to data compiled by Growthepie, the daily transactions across these networks reached 12.42 million on August 12, signaling a new peak. This increase in transaction volume highlights the rapid advancements in scalability and points towards
Samuel Edyme, also known by his nickname HIM-buktu, is a multifaceted individual in the web3 world. His path in the crypto universe was not paved with success from the beginning, but rather with a harsh lesson from a Ponzi scheme that initially lured him in. However, instead of being deterred by this setback, Edyme emerged
Coinbase, a prominent cryptocurrency exchange, recently submitted a comment letter to the US Securities and Exchange Commission (SEC) highlighting significant flaws in the agency’s cost-benefit analysis of a proposed rule. The letter, written by Coinbase’s chief legal officer, Paul Grewal, criticized the SEC for failing to assess the rule’s economic impact on efficiency, competition, and
Crypto analyst Javon Marks has made a bold prediction regarding the price of Ethereum (ETH), suggesting that it could see a significant breakout of 75% and rise to $4,723. Marks believes that Ethereum’s price is primed for such a parabolic rally due to ongoing bull divergences and a sustained climb since its initial breakout. While
Veteran crypto analyst Peter Brandt recently analyzed Bitcoin’s price chart and identified an inverted or expanding triangle pattern. This pattern, as Brandt explained, features two descending trend lines that are diverging from one another. Typically, triangle-like shape patterns on the Bitcoin chart can indicate either a continuation or a reversal for Bitcoin’s price movements. While
Upland, a virtual property trading game, recently made waves in its Metaverse by introducing Paris as a new addition to its virtual landscape. This milestone allows players to own and develop virtual properties in one of the world’s most iconic cities. The unveiling of Paris has sparked a wave of excitement within the Upland community,
The defunct crypto hedge fund, Three Arrows Capital (3AC), has taken legal action against TerraForm Labs, a bankrupt digital assets company co-founded by Do Kwon, in an attempt to recover funds for its creditors. The liquidators of 3AC are alleging that TerraForm Labs manipulated the market for Luna and TerraUSD, resulting in artificially inflated prices
The US spot Ethereum ETFs saw a total inflow of $4.9 million on Monday, showcasing positive investor sentiment towards Ethereum. Grayscale Ethereum Trust (ETHE) notably did not record any withdrawals, marking a significant milestone since its conversion to an ETF. After experiencing 14 days of outflows, ETHE finally saw a pause in this trend. This
