In a recent analysis, JP Morgan’s Global Market Strategy team highlighted key developments within the Ethereum network that could have a significant impact on its classification under securities laws. that much report This comes at a critical time for ETH, as the Swiss-based foundation is under investigation by the U.S. Securities and Exchange Commission (SEC). Why Ethereum is not a security JP Morgan highlights the continued decline of Lido’s ETH stake. This has fallen from about a third a year ago to about a quarter now. This shift to a more decentralized staking ecosystem could alleviate regulatory concerns about centralization…
Author: Crypto Flexs
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Ethereum price is struggling to recover above the $3,440 resistance zone. ETH is trending lower and could fall further if it breaks the $3,250 support level. Ethereum is struggling to break above the $3,370 and $3,440 levels. The price is trading below $3,380 and the 100-hour simple moving average. On the hourly chart of ETH/USD (data feed via Kraken), a break has occurred below the key bullish trendline with support at $3,300. A close below the $3,250 support could widen losses. Ethereum price recovery disappears again Like Bitcoin, the price of Ethereum attempted a new recovery by exceeding the $3,300…
Ark Invest sold 25,662 Coinbase shares from two exchange-traded funds on Thursday, according to the company’s latest trading filing.The investment firm sold 22,690 shares ($5.7 million) in the Innovation ETF (ARKK) and 2,972 shares ($742,000) in the Next Generation Internet ETF (ARKW).Yesterday’s sale of $6.4 million worth of COIN Ark marks the first major Coinbase stock sale since selling $21 million worth of stock on March 26.Ark’s investment strategy aims to ensure that individual holdings do not account for more than 10% of the ETF’s portfolio in order to maintain diversification within the fund. This means that if Coinbase’s stock…
amplification, a pioneer in decentralized finance (DeFi), has released its latest presentation deck, setting the stage for the future of yield generation. Amplifi provides a glimpse into its vision roadmap, reaffirming its commitment to transforming the DeFi landscape and empowering users around the world. Latest Pitch Deck It provides a comprehensive overview of Amplifi’s innovative strategy, cutting-edge technology and ambitious goals for this platform. With a focus on accessibility, security, and sustainability, Amplifi continues to lead the way toward a decentralized financial ecosystem that benefits all participants. According to a spokesperson for Amplifi, “Amplifi reaffirms its position as a visionary…
The widely respected analyst and trader is expressing bullish sentiments about his Ethereum (ETH) rival while offering his predictions for gaming altcoin Beam (BEAM). Analyst known by the pseudonym Altcoin Sherpa says A 213,800 follower on social media platform According to Altcoin Sherpa, Solana offers a potential accumulation opportunity at current prices. “SOL: It’s very simple. Buy within the $168 – $208 range and don’t think too much about prices for the next few months.” Source: Altcoin Sherpa/X Solana is trading at $187 at the time of this writing. Switch to BEAM, Altcoin Sherpa Called A breakdown of the key…
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Binance executives Tigran Gambaryan and Nadeem Anjarwalla are facing charges of tax evasion and currency manipulation in Nigeria, and their trial has been postponed to April 19. As the cryptocurrency landscape continues to evolve, legal scrutiny of exchange operations increases. In a significant development, Tigran Gambaryan, a US-based executive at global cryptocurrency exchange Binance, has been charged with tax evasion in Nigeria along with Nadeem Anjarwalla. The incident comes amid allegations of naira manipulation and shines a spotlight on regulatory issues facing cryptocurrency companies around the world. Gambaryan, who was an influential figure in the cryptocurrency space, was detained along…
As revealed in Flipside’s “New EVM Users: Q1 Snapshot” report, Ethereum and Polygon maintain the lead on the latest Ethereum Virtual Machine (EVM) chain when it comes to attracting new users and increasing transaction volume. As of March 27, there were 13.4 million new users on Ethereum and 12.3 million new users on Polygon, accounting for about 70% of the total number of new EVM users this year. By contrast, Arbitrum has added 4.7 million users since the start of 2024. New Cryptocurrency User Report Q1 2024 | Source: Flipside While Ethereum’s mainnet maintains its historical dominance, Layer-2 protocols are…
What is CryptoSlate Alpha?A web3 membership designed to provide you with cutting-edge insights and knowledge through the Access Protocol. Learn more >Connected to Alphaillusion! 👋 You are connected to CryptoSlate Alpha. Click the button below to manage your wallet connection.IMPORTANT: You must lock at least 20,000 ACS.If that’s not enough, buy ACS on the following exchanges:Connect via access protocolAccess Protocol is a web3 monetization paywall. When users stake ACS, they can access paywalled content. Learn more >disclaimer: By choosing to lock your ACS tokens using CryptoSlate, you acknowledge and agree that you will be bound by the Access Foundation’s applicable…
Cardano (ADA) is falling below the $0.620 resistance zone. ADA may gain bearish momentum and decline towards the $0.50 support level. ADA price is slowly falling in the $0.670 area. The price is trading below $0.620 and the 100 simple moving average (4-hours). On the 4-hours chart of the ADA/USD pair, there is a major bearish trendline forming with resistance at $0.6008 (data source from Kraken). If the bulls remain active above the $0.560 support, the pair could attempt a fresh increase. Cardano price reaches key support Over the past few days, Cardano has seen a steady decline above the…