Following the recent halving on April 20th, layer 2 solutions such as Stacks (STX), Elastos (ELA), and SatoshiVM (SAVM) are outperforming Bitcoin itself. This surge reflects the growing relevance and potential impact of layer 2 solutions in the broader cryptocurrency market. Stacks, Elastos, SatoshiVM thrive after Bitcoin halving. STX, the token of Stacks, a prominent Layer-2 network, rose more than 21.36% to hit a price of $2.95. This surprising increase occurred immediately after Bitcoin’s halving, which saw Bitcoin’s coin emissions per block decrease from 6.25 BTC to 3.125 BTC. On the other hand, Bitcoin rose slightly by 4.75% to $66,820.…
Author: Crypto Flexs
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A cryptocurrency strategist who follows closely believes three new digital assets will surge in the coming weeks. Pseudonymous analyst Altcoin Sherpa says The 215,400 followers on social media platform The three projects are cross-chain messaging protocol Wormhole (W), Ethereum (ETH)-based project Omni Network (OMNI), and TNSR, the governance token of the non-fungible token (NFT) platform Tensor. “Take a look at the new coins. W, OMNI and TNSR are all on my radar. They launched on relatively bad terms and some of these (particularly W) are expected to rise significant amounts in the coming weeks. “I think spot trading is better.”…
shiba inu Last week, the battle between bulls and bears continued, consistently trading above $0.000021. On-chain data shows significant whale movement during this period, resulting in trillions of SHIBs. Mixed in and out of exchange. The price of SHIB declined early in the week due to the previous week’s prolonged sell-off. As the week went by, things started to get better. change to bullish behavior Resistance just below $0.000028 over the weekend. Interestingly, whales’ on-chain transaction data shows that major holders moved trillions of SHIBs over the weekend, with 3.19 trillion SHIBs moved in the last 24 hours. Recent on-chain…
After the current accumulation phase set between $60,000 and $70,000, this may be the last opportunity to buy Bitcoin before an explosive move occurs. The post “Bitcoin only has parabolic upside potential after its current accumulation phase”: Rekt Capital appeared first on Crypto Briefing.
A new bill introduced in the Senate would benefit stablecoin issuers, according to a memo from investment bank TD Cowen.that much Lummis-Gillibrand Payment Stablecoin Lawintroduction last week Sens. Kirsten Gillibrand, D-N.Y., and Cynthia Lummis, R-Wyo., will create “clear rules of the road,” the bank said in a note Monday.“In our view, Lummis-Gillibrand will be positive for stablecoin issuers because it will establish clear rules. This will also be symbolically important for cryptocurrencies in general as it will be the first constructive cryptocurrency bill in Congress,” said TD Cowen Washington Research Group, led by Jaret Seiberg.If the bill passes, stablecoin issuers…
Michael Welsh, the former lead attorney in the Debt Box case, and Joseph Watkins, the investigative attorney who formed the basis of the SEC case against Debt Box, were reportedly forced to resign or be fired, according to the report. It quoted people familiar with the situation.
The Bitcoin halving was completed and dusted last Friday. The effects may eventually show signs. The first to be affected is Ethereum. Needless to say, this is speculation amid rampant volatility in the cryptocurrency market. Ethereum is trading below $3,200. Some analysts suggest that now could be the best moment to invest in Ethereum as its price is about to hit $4,000. This is supported by technical indicators such as the hourly MACD, which suggests that a bullish trend is coming for ETH. The initial resistance zone was marked at $3,150. It changed to $3,280. A move beyond that would…
Bitcoin experienced significant gains during the first quarter of 2024, soaring by an impressive 68.50%. The rally was largely fueled by the introduction of spot Bitcoin exchange-traded funds, which attracted substantial inflows. This surge in Bitcoin’s value had a ripple effect, leading to sharp increases in various altcoins. However, investors are now grappling with the question of whether this rally will continue or if a correction is imminent. Looking ahead, the next major event on the horizon is Bitcoin’s halving, which is projected to occur in approximately 18 days. Historical data indicates that Bitcoin typically reaches a new all-time high…
As MakerDAO sells some of its tokens, the price of MKR decouples from ETH. On-chain and technical analysis suggests a rebound to $3,545 once the selling pressure stops. Over the past two weeks, certain multi-signature wallets linked to MakerDAO have moved $14.4 million worth of MKR to other exchanges. According to Spot On Chain, some of the platforms where the token landed were Binance (BNB), Coinbase, and Kraken. A multi-signature wallet is shorthand for a multi-signature wallet that serves as a storage option for your organization. To unlock your assets in this type of wallet, you need to manage more…
About freedom of speechMike Germano, President of Bitcoin Magazine, dared to post this rant with the following meme: Source: https://x.com/mikegermano/status/1773003239312503243?s=20 To all the haters out there, yes. Free discussion can also flourish in Bitcoin Magazine. Thank you for the opportunity to submit your objection to Ordinals. No permission is given to the author’s contributions, directed by technical editor Shinobi!About technical achievementsI appreciate Bitcoin Magazine editor Pete Rizzo’s post detailing the entire history of Bitcoin, but he is just as morally wrong on Ordinals as he was on the Ethereum Merge. Source: https://x.com/pete_rizzo_/status/1570383464360251398?s=20 While the merge was a great technological feat…