Author: NBTC
The price of Ethereum (ETH) has dropped as the altcoin falls into its range bound zone. Price analysis by Coinidol.com. Long-term analysis of the Ethereum price: bearish The largest altcoin has been in a range bound movement since the downtrend on April 13, 2024. The altcoin is in a range-bound move, above the $2,908 support but below the moving average lines. On the upside, buyers have failed to sustain the price above the moving averages. This is due to the continued selling pressure at the 21-day SMA resistance line. The bears have defended the 21-day SMA resistance line, which has…
In an unexpected twist that has left the cryptocurrency community buzzing, Shiba Inu lead Shytoshi Kusama has updated his Twitter bio, signaling a location change to Lima, Peru. This intriguing development comes nearly 24 hours after a cryptic teaser featuring “Evita” was shared with the community, sending waves of speculation across social media platforms. The teaser, which was sparse on details but rich in cultural references, seemed to send a message to the Shiba Inu community. “Evita,” presumably referring to Eva Perón, the iconic Argentine figure, symbolizes a revolutionary spirit and a fight for the people. This teaser, whose context…
Two U.S. senators sent a letter to the attorney general making an argument that his Department of Justice is making the wrong legal call as it prosecutes crypto mixing services. The letter argues that services such as Tornado Cash aren’t money transmitters, and it says that earlier Treasury Department views on transmitters bear this out. A bipartisan pair of U.S. senators is questioning Attorney General Merrick Garland about the “unprecedented interpretation” of law the Department of Justice (DOJ) is using to pursue cryptocurrency software services as unlicensed money-transmitting businesses. Sens. Ron Wyden (D-Ore.) and Cynthia Lummis (R-Wyo.) sent a letter…
The FLOKI price surged by over 7% post the announcement and reached $0.000205. Floki DAO, has proposed burning 15B tokens to permanently remove them from circulation. Binance has added the FLOKI memecoin to its listing in Thailand. The result is a dramatic increase in the value of the memecoin. FLOKI, which has been steadily growing in popularity in Thailand, went to X to announce the new listing. The FLOKI price surged by over 7% post the announcement and reached $0.000205. However, at the time of writing, it lost most of the gains and is currently trading at $0.0001869, up 0.54%…
The Final Countdown to the Bitcoin Halving Has Begun Join Bitcoin Magazine and top voices in the industry as we countdown to block 840,000 and ring in a new era in Bitcoin. The Bitcoin Halving Livestream powered by Kraken will reveal the Top 21 Moments over the past 4 years as voted on by Bitcoin Magazine readers, setting the stage for Bitcoin’s next epoch. Visit www.bitcoinhalving.com to watch the Bitcoin Halving Livestream and countdown to block 840,000 Speaker Lineup: Barstool CEO Dave Portnoy Strike CEO Jack Mallers Bitcoin Magazine Institutional Lead Dylan LeClair Ten31 Managing Partner Matt Odell Bitcoin Magazine…
The co-founders of dominant liquid staking protocol Lido, along with the venture capital firm Paradigm, are secretly helping to fund a new company, Symbiotic, that would compete in the fast-growing arena of “restaking,” according to people briefed on the matter. Internal company documents obtained by CoinDesk lay out diagrams of how the project would work. The emergence of a restaking player with deep-pocketed backers could portend a face-off that might redefine the DeFi landscape. The co-founders of Lido, the biggest liquid staking protocol on Ethereum, are secretly funding a competitor to EigenLayer, the buzzy “restaking” service that has emerged rapidly…
After the SEC approved spot Bitcoin ETFs in January, all eyes turned to spot Ethereum ETFs. With only nine days left until the SEC deadline to approve or reject spot Ethereum ETFs, the odds of approval are slim. At this point, Bloomberg ETF analyst Eric Balchunas told DL News that he does not expect approval before the end of 2025. He also stated that the majority of investors do not expect the ETFs to be approved. Quinn Thompson, founder of crypto hedge fund Lekker Capital, also told DL News that the chances of Ethereum ETFs being approved are slim to…
There’s a new crypto Political Action Committee (PAC) on the scene. Coinbase-initiated nonprofit Stand With Crypto announced it is launching a new PAC Friday. The associated PAC, which means only individual Stand With Crypto members can contribute up to $5,000 each, plans to back “candidates who support the crypto community,” the nonprofit said on X Friday. Stand With Crypto, a 501(c)(4) nonprofit organization, launched last summer as an effort to give crypto fans more access to information about policy makers and candidates, leaders said. “This is a grassroots, organic bottom-up effort,” Kara Calvert, Coinbase’s head of US policy, said in…
A quant has explained how there appears to be a relationship between Coinbase’s spot volume dominance vs. Binance’s and the Bitcoin price. Bitcoin Has Been Reacting To Binance/Coinbase Volume Changes In a CryptoQuant Quicktake post, an analyst discussed the dynamics in the cryptocurrency market that arise out of the battle happening between Binance and Coinbase for spot volume dominance. As the graph shows, Binance has been the much more dominant of the two platforms when considering the spot volume. The exchange is hosting five times as much volume as Coinbase. The analyst notes that the difference between the two would…
The highly anticipated “halving” of Bitcoin (BTC) is expected to happen soon, and according to experts, its impact will be felt differently by miners and investors. Omid Malekan, an assistant professor at Columbia Business School and author of “Re-Architecting Trust The Curse of History and the Crypto Cure for Money, Markets, and Platforms,” said the halving event is an important event for those who own Bitcoin as a store of value. He explains that it is not a cause for concern. However, the situation is different for miners. “For people who own Bitcoin because they think it is a good…