Data shows that Binance users reacted aggressively to the news of the Ethereum exchange-traded fund (ETF) by clamoring for the cryptocurrency. Binance’s Ethereum net taker volume hits record high. As CryptoQuant Community Manager Maartunn explained in his post Here, “net taker volume” refers to an indicator that tracks the difference between ETH taker buy volume and taker sell volume on a specific centralized exchange. Related Reading A positive value for this indicator means that taker buying or long volume is currently outpacing taker selling or short volume on the platform. This trend suggests that bullish sentiment prevails among investors. On…
Author: Crypto Flexs
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Arkham Intelligence partners with Ninja TradersArkham Intelligence, a leading provider of on-chain data, tools and analytics, announced a strategic partnership with Ninja Traders, Turkey’s leading cryptocurrency trading group. As recently announced on the company’s official website, the partnership aims to provide Ninja Traders’ elite community of traders with access to Arkham’s high-quality cryptocurrency data in real-time.Ninja Traders: An active cryptocurrency trading communityNinja Traders has built a vibrant cryptocurrency trading community beyond Turkey. The trade group provides users with an ecosystem of news, tools and educational products. This includes several channels such as the trading terminal…
Dogecoin hovered above $0.15 on the neutral Relative Strength Index (RSI). DOGE surpassed $2 million in long-term liquidation, highlighting its high correlation with Bitcoin. DOGE’s $0.30 target would bring the OG meme coin back to 2021 levels. Dogecoin (DOGE) is potentially charting its roadmap to $0.30, a price milestone not seen since September 5, 2021. With DOGE successfully shaking off selling pressure and rising 5% over the past seven years, several prominent cryptocurrency analysts have listed $0.30 as their next target. It will take a few days to reboot above $0.15. Please wait patiently $DOGE fresh candle The odds of…
introduction You may have heard about re-enabling OP_CAT as a potential upgrade to the Bitcoin scripting language. Depending on where you get your news, OP_CAT is “just 10 lines of code”, “the best way to enable contract experimentation”, “too powerful”, “dangerous and leads to miner centralization”, or “controversial” I would argue that all of these perspectives are wrong and that OP_CAT can be used as a covenant (alone) and not as the best next move for Bitcoin. . To make that case, I will explore several (admittedly separate) topics. Some of them were new to me just a few months…
The U.S. Securities and Exchange Commission’s legal battles against cryptocurrency firms, once likened to David versus Goliath, now resemble Godzilla versus King Kong, given the industry’s growth to a $2.5-trillion market. With the SEC continuing to open up new fronts in its war on crypto, some are now wondering if it has spread itself too thin and has the legal resources needed to fight so many court cases at once against the industry’s largest players. “The fact that these (enforcement actions against crypto firms) are all going on at one time is very significant and absolutely puts a strain on…
Titan of Crypto, a well-known cryptocurrency trader and expert, made a bold prediction that caught the attention of the cryptocurrency community. prediction Ethereum (ETH) is rising to unprecedented heights while setting the next price target for the cryptocurrency asset at the pivotal $5,300 level. Here are analysts’ predictions: ethereum, It is poised to reap huge profits thanks to favorable market conditions and rising investor confidence. This prediction follows ETH’s recent strong price performance and increasing market optimism. Ethereum’s path to mass rallies Last February, the Titan of Crypto hinted at a bullish cypher pattern forming on the Ethereum weekly chart.…
Biden opposes the House’s cryptocurrency bill but will not veto it. The post White House Opposes FIT21 Citing Concerns About Lack of Investor Protections appeared first on Crypto Briefing.
Grayscale’s Ethereum Trust (ETHE) discount has narrowed to less than 10%, its lowest level since 2021, amid rising expectations of the approval of a spot Ethereum exchange-traded fund (ETF).As of May 21, the ETHE discount has narrowed to 6.66%, according to market data from YCharts. A “discount” refers to when ETHE shares are trading below net asset value (NAV).ETHE discount or premium. (Source: YCharts)ETHE began trading at a discount in early 2021 after Grayscale halted buybacks, reaching nearly 60% by the end of 2022.But that range will begin to narrow in 2023, after Grayscale won a significant legal victory against…
The White House is opposing passage of the 21st Century Financial Innovation and Technology Act, also known as FIT21 or HR4763. “The administration opposes the passage of HR 4763, which would impact the digital asset regulatory structure in the United States,” according to a statement Wednesday. “The Administration will work with Congress to ensure a comprehensive and balanced regulatory framework for digital assets and build on existing authorities to promote responsible development of digital assets and payments innovation and strengthen America’s leadership in the global financial system.” It will be helpful.”The White House said the bill currently lacks “sufficient protections…
Cryptocurrency trading for two Ethereum (ETH)-based altcoins is on the rise as the market expands more broadly, new data shows. According to market intelligence platform Santiment, well-funded investor activity is picking up in layer 2 altcoin OP (Optimism) and fan-centric cryptocurrency project Chiliz (CHZ). “As the cryptocurrency rebound grows (May 20), keep an eye out for increased whale activity among many altcoins such as Optimism and Chiliz. Sudden on-chain activity from the largest traders usually portends large volatility and OP and CHZ reversals.” Source: Santiment/X Bullish is trading at $2.80 at the time of writing, up more than 1% in…