Ordi’s market structure remains bearish on the monthly scale as it keeps trading in a descending wedge. However, the trading landscape is changing daily following a recent weekly surge from $26. After recovering briefly from August’s low, Ordi encountered resistance and initiated a drop again with a strong monthly bearish […]
Tag: crypto
ETHEREUM PRICE ANALYSIS & PREDICTION (September 2) – ETH Decreases By 11% Weekly To Resume Bearish, Targets $1.6k
Unlike Litecoin, which has recently decoupled from Bitcoin, Ethereum continues to follow the leading currency pattern with another major drop in a week. Things might get worse as it builds up for a huge fall. The past ten days have been a horrible period for Ethereum as it fell off […]
BITCOIN PRICE ANALYSIS & PREDICTION (September 2) – BTC Breaks Lower After A Brief Calm, Poises For Bigger Crash
Last week saw Bitcoin through another major decline but after a lot of indecisiveness around a key level, it finally broke lower and closed the week strongly bearish. It currently looks ready for a bigger fall. We recall that August started painful for Bitcoin after falling from $70k in the […]
Worldcoin ($WLD) Surges In Optimism Ecosystem But Faces Investor Woes
Worldcoin ($WLD) has emerged as a dominant force within the Optimism ecosystem, showcasing remarkable growth over the past year. The number of unique addresses holding $WLD skyrocketed from 477,000 in August 2023 to a staggering 4.7 million by August 26, 2024. This rapid expansion highlights a strong surge in community […]
Is Ethereum DeFi Facing Sustainability Challenges? A Deep Dive Into Today’s Crypto Market
The cryptocurrency market has experienced a turbulent day, raising questions about the sustainability of Ethereum’s DeFi sector. Bitcoin (BTC) has dropped by 2.73%, settling at $58,000, while Ethereum (ETH) fell by 4.38% to $2,421. These declines come despite hints from Federal Reserve Chair Jerome Powell about potential rate cuts, which […]
Vitalik Buterin Transfers 800 ETH As Major Whale Activity Shakes Ethereum Market
According to Lookonchain, Ethereum co-founder Vitalik Buterin made a notable transaction today, transferring 800 ETH, valued at approximately $2.01 million, to a multi-signature wallet. He then exchanged 190 ETH for 477,000 USDC. Buterin has previously stated that he hasn’t sold ETH for personal gain since 2018, opting instead to donate […]
Ripple’s Strategic Moves With RLUSD: A Potential Game-Changer For XRP
Ripple’s recent strategic alignments with major banks and the potential adoption of its new stablecoin, RLUSD, could signify a transformative moment for XRP’s growth. As Ripple positions itself within the stablecoin market, its latest developments hint at a promising future for both the company and the broader XRP ecosystem. Ripple […]
Kamino Lend Surpasses $26M In Interest, Fueling Significant Returns For Lenders
Kamino Lend has reached a major milestone, generating a total of $26 million in interest for its lenders. This achievement underscores the platform’s growing popularity and the robust returns it offers to users. The majority of the interest earned on Kamino Lend comes from two key assets: USDC and SOL. […]
Ether.fi Whale Moves 1.48 Million $ETHFI To Binance Amid Significant Losses
In a notable transaction, the Ether.fi multi-signature address 0x57C…15491 recently transferred 1.48 million $ETHFI tokens to Binance. This address, associated with Ether.fi, received 10 million $ETHFI tokens from the project on April 1, 2024. The recent transfer is part of a broader pattern of activity, as the same address has […]
Wintermute Continues Large-Scale ETH Withdrawals from Lido, Potential Sale Looms
Wintermute, a leading market maker, has continued its significant withdrawals of unstaked ETH from Lido. Yesterday, the Wintermute address 0x13D…91F9F received a total of 11,007 ETH from Lido, valued at approximately $27.27 million. Shortly after, 5,501 ETH—worth around $13.8 million—was transferred to Coinbase, indicating a possible sale. Wintermute 的 Lido […]
BlackRock Launches Spot Ethereum ETF In Brazil Amid Renewed Interest In Digital Assets
BlackRock has officially announced the launch of a spot Ethereum ETF in Brazil, which will be traded on the B3 stock exchange under the ticker ETHA39. This development underscores the growing global interest in cryptocurrencies, signaling that digital assets are becoming an increasingly important part of the financial landscape. The […]
Bitcoin Rebounds To $61.2K Amid Tight Correlation With S&P 500
Bitcoin surged to a high of $61.2K today, coinciding with a bounce in the S&P 500. While it’s debated whether crypto is leading the equities market or the other way around, the strong correlation between the two is undeniable. Historically, Bitcoin tends to break out when its correlation with equities […]
Solana’s Liquid Staking Tokens Gain Momentum As Major Exchanges Announce New Offerings
Solana’s staking ecosystem is gaining significant attention, with several major exchanges announcing the launch of Liquid Staking Tokens (LSTs) on the Solana blockchain. Bybit recently revealed the upcoming release of bbSOL, a liquid staking token that users can obtain by staking SOL on Bybit Web3. Following Bybit’s lead, both Bitget […]
Polygon Shows Signs Of Reversal Amid On-Chain Activity Surge And Upcoming $MATIC To $POL Swap
Polygon, one of the networks experiencing a downturn since the broader crypto retrace began in March, may be on the verge of a turnaround. Recent on-chain activity suggests that a reversal for $MATIC could be brewing. Notably, spikes in active addresses and dormant coin movements, which often precede price rebounds, […]
$PRIME Skyrockets 40%, But Traders Remain Cautious Amidst Resistance
The cryptocurrency market has witnessed a remarkable surge in $PRIME, with a staggering 40% increase over the past seven days, reaching a high of $9.45 on August 25. Despite this significant price jump, smart traders continue to exhibit buying pressure, with their balances swelling by 22% in the last 24 […]
Fetch.Ai’s FET Token Slumps 12%: A Cause For Concern?
Fetch.ai’s native token, FET, has experienced a disheartening 12% decline, plummeting to $1.236. This downward spiral has raised concerns among investors, as breaking below the critical $1.25 threshold may signal further losses. Recent transactions have added to the uncertainty, with the Fetch.ai Foundation transferring 5M $FET ($6.4M) to wallet “0x925e” […]
TON Blockchain Back Online After 6-Hour Downtime: Congestion Causes Chaos
The TON blockchain has finally resumed operations after a grueling 6-hour downtime, caused by network congestion triggered by the distribution of DOGS tokens. The overload led to validators becoming overwhelmed, resulting in a loss of consensus. NEWS: @ton_blockchain is back online after nearly 6 hours of downtime, and block production […]
Alameda Research Offloads $WLD Tokens, Repaying Creditors Amidst Financial Woes
Alameda Research, a cryptocurrency trading firm, has been consistently depositing $WLD tokens to centralized exchanges (CEXs) since August 9. In four small batches, they have offloaded 698,312 $WLD tokens, valued at $1.13M, to Binance at an average price of $1.622. This move is likely an effort to repay creditors amidst […]