Author: NBTC

The price of Ethereum (ETH) is in an uptrend, reaching a high of $3,944 before retreating on May 21. Price analysis by Coinidol.com. Long-term analysis of the Ethereum price: bullish The largest altcoin has pulled back below the $3,900 resistance level. Ether has been fluctuating below its recent high for four days, ending its uptrend. The doji candlestick indicates hesitation between buyers and sellers regarding market trends. On the upside, the price indicator predicts a possible rise and reversal at the high of the 1.272 Fibonacci extension or at $4,225.66. On the other hand, if Ether fails at the $3,900…

Analysts from H.C. Wainright claim that Riot’s acquisition of Bitfarms will face rejection due to Bitfarm’s board disapproval and insufficient premiums. Citing Bitfarm’s board rejection of Riot’s initial offer and the fact the proposed premium is insufficient to attract shareholder approval, analysts at H.C. Wainwright did not give a high probability of success to Riot’s acquisition of Bitfarms. “The premium is not high enough to compel Bitfarm shareholders to agree to the deal given the deep valuation discount at which shares currently trade, in our view,” the lead analyst Mike Colonnese wrote in a research note. “We also note that…

FlokiFi Locker secures $18 million worth of ATS tokens, showcasing trust. Alltoscan’s lock highlights confidence in FlokiFi’s security and reliability. Floki ecosystem strengthens with growing adoption of FlokiFi Locker. In a groundbreaking move, FlokiFi Locker has emerged as a leading digital asset locker, boasting a total value locked (TVL) of $135 million. Developed by Floki, this cutting-edge protocol offers users a secure platform to lock LP tokens, fungible tokens, and NFTs, revolutionizing the crypto industry. HIGHLIGHT: ALLTOSCAN AND FLOKIFI LOCKERWith the total value locked currently at $135 million, #FlokiFi Locker stands out as the most innovative digital asset locker, built…

Explore the significance of Bitcoin Pizza Day, marking the first documented Bitcoin transaction for physicalgoods, and its impact on the crypto world. Every year, the crypto community celebrates a Bitcoin Pizza Day, a key event in the history of cryptocurrencies. But when is Bitcoin Pizza Day exactly, and why is it significant to the crypto community? The day falls on May 22, and it’s the date when in 2010, Laszlo Hanyecz, a programmer and early Bitcoin (BTC) miner, made a transaction that would be remembered as the first documented use of Bitcoin to buy something tangible. What did Hanyecz buy?…

Some traders are predicting a significant rally following the recent approval of a spot Ethereum ETF in the United States. The options, which are worth approximately $3.4 billion and expire on June 28, indicate an increase in the number of traders purchasing call options. These bullish predictions predict that Ethereum will surpass $4,000. According to TzTok-Chad, anonymous founder of decentralized options exchange Stryke, positioning in derivatives shows that many traders are setting their sights even higher and targeting prices above $5,000. This unexpected reversal from the SEC shifted the focus from Bitcoin to Ethereum among options traders. “While Bitcoin has…

Ethereum is now the infrastructure for over $1 billion in tokenized US Treasuries and dominates nearly 71% of the market share in this blockchain industry sector, according to real-world assets (RWA) data platform RWA.xyz. This number is majorly fuelled by the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), which has tokenized over $473 million in US Treasuries since March 20th, and currently dominates almost 33% of the market. Although having just 13 shareholders, BUIDL is reserved for qualified institutional investors, with a $5 million minimum investment requirement. Caption Sapphire Ondo’s Short-Term US Government Bond Fund comes as the second-largest Ethereum-based…

Founder of popular trading software XT Algo Zach Humphries reacts to reports of Shiba Inu developing a new blockchain solution. Zach Humphries, a notable crypto influencer and founder of crypto trading software XT Algo, has reacted to reports of the ongoing development of Shiba Inu’s privacy-focused Layer-3 (L3) blockchain. In a recent tweet, Humphries expressed enthusiasm about the initiative, emphasizing that he is glad Shiba Inu sees the future of L3 blockchain solutions. This is going to be a Layer 3 blockchain. Yes, it’s a thing. I am glad #SHIB sees the future of Layer 3’s https://t.co/LGuHZOJzhm — Zach Humphries…

While Bitcoin (BTC) remains stable and hovers above the $70,800 level, outflows from Grayscale Bitcoin Trust (GBTC) continue their momentum. Bitcoin Haunts Near $71,000 Amid GBTC Outflows According to on-chain data, there was a significant outflow of $124.9 million from GBTC, as opposed to $4.6 million flowing into Fidelity’s FBTC and $11.1 million flowing into Bitwise’s BITB. The Bitcoin spot ETF with the largest net inflow in a single day was the BlackRock ETF IBIT with a net inflow of $192 million. During the week, all Bitcoin ETFs collectively reported a significant weekly outflow totaling $227.9 million. Market sentiment indicates…

Ethereum core developers are targeting the launch of the Pectra upgrade by the end of the first quarter of 2025. This upgrade encompasses the EVM Object Format (EOF), a suite of approximately 11 Ethereum Improvement Proposals (EIPs), which will introduce an optional container for EVM code. Notably, Pectra, the next phase of the Ethereum network upgrade after Dencun, was initially expected to go live later this year. However, the shift from the previously projected late 2024 timeline is attributed to the inclusion of the EOF. The Pectra upgrade is poised to raise the staking cap for Ethereum validators from 32…

Key documents for the proposed ether exchange-traded funds (ETF) were approved suddenly and unexpectedly. The surprise approval and passage of FIT21 in the House indicate how crypto has become an election issue. Ark will not make money from its bitcoin ETF. AUSTIN, TX — ARK Invest CEO Cathie Wood said crypto is now a U.S. election issue, which is why key documents for the proposed ether exchange-traded funds (ETF) were approved suddenly and unexpectedly. “The read was it was not going to be approved. It was absolutely not going to be approved,” Wood said on stage at Consensus 2024 in…