Crypto

The recent launch of several Ethereum ETFs led to a significant price drop of over 10% for ETH, turning the event into a sell-the-news moment. The support level at $3,300 has now turned into a resistance level, and if buyers do not reclaim it soon, we may see a further decline to $2,800. The volatility

The options expiry event scheduled for Friday, July 26, is expected to involve around 61,200 Bitcoin options contracts with a notional value of approximately $4.26 billion. This particular expiry event is larger than usual due to it being the end of the month. Despite the launch of spot Ethereum ETFs in the United States for

A Bitcoin mining device with a hashrate of only 500 gigahashes per second (Gh/s) managed to mine a block on July 24, earning a reward of $206,000 in Bitcoin. This event stands out given that the device has only a 1 in 1.1 billion chance of achieving this approximately every ten minutes. The device, named

The legal battle between Ripple and the United States Securities and Exchange Commission (SEC) has been a long and drawn-out process. It officially entered its trial phase in April 2024, more than three years after the initial start of the proceedings. Both parties have presented necessary information and documents, following the court rules diligently. Despite

The second day of trading for the spot Ethereum ETFs saw a significant shift in investor sentiment, with more than $133 million being withdrawn from the largest financial vehicles. This mass exodus of funds led to a massive price drop in the underlying asset, driving Ethereum’s price south by 10% in just one day. This

Developers at BitcoinOS (BOS) have recently achieved a significant milestone in blockchain history by successfully verifying the first-ever zero-knowledge proof (ZKP) on the Bitcoin mainchain. This breakthrough opens up new possibilities for the scalability and functionality of Bitcoin without the need for changes to its underlying consensus code. This achievement represents the first permissionless upgrade

Cynthia Lummis recently raised concerns about the Biden administration’s plan to implement a 30% excise tax on the energy consumed by Bitcoin miners. According to Lummis, this tax could have detrimental effects on the growing Bitcoin mining industry in the U.S. She argues that the concerns about environmental pollution and risks to the energy grid

The recent repayments initiated by the defunct crypto exchange, Mt. Gox, to creditors affected by the 2014 hack have sparked significant discussion within the crypto community. While fears of a potential market dump were prevalent, the behavior of Mt. Gox creditors has been quite unexpected. Contrary to concerns about a mass sell-off of Bitcoin, an

Ethereum’s price has been consolidating above the 100 and 200-day moving averages, indicating a bullish trend in the market. The recent breakout above the critical 100-day moving average at $3,354 has led to sideways fluctuation, suggesting an equilibrium between buyers and sellers. However, the launch of spot ETH ETFs and a net inflow of $106.6

Shiba Inu (SHIB) has experienced a notable drop of 13% in the past week, leading to concerns among analysts regarding its potential for further decline in the short term. According to industry participants, the current downtrend could intensify if SHIB fails to maintain its price within the $0.0000185-$0.0000164 range. Speculations suggest that a breach of