Renowned trader and investor Peter Brandt recently expressed a surprisingly pessimistic view on the future of Ethereum. Brandt, known for his trading acumen, expressed doubts about Ethereum’s sustainability as a major digital currency, especially when compared to Bitcoin (BTC). Ethereum’s uncertain future according to Brandt Brandt’s predictions for ETH, shared in X’s post, center around his belief that ETH lacks solid store-of-value characteristics. Unlike Bitcoin, which is widely accepted as the digital equivalent of gold, ETH’s capabilities and increasing gas fees cast a shadow over its long-term viability. Brandt described Ethereum as a “piece of garbage,” which is a bold…
Author: Crypto Flexs
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In a recent episode of The Scoop podcast, Bloomberg Intelligence analysts James Seyffart and Eric Balchunas predicted that the SEC would likely approve a series of spot Bitcoin ETFs from January 5-10. Seyffart and Balchunas’ predictions coincide with the final deadline for ARK and 21Shares applications, which were initially filed in April, ahead of other major players such as BlackRock in June in a field of 12 companies. Seyffart speculates that the Securities and Exchange Commission (SEC) is strategically delaying its decision in order to coordinate multiple approvals simultaneously. This approach can prevent any single company from gaining an unfair…
Do you enjoy solving interesting and challenging problems? Are you interested in participating at the most basic level of the Ethereum protocol? The Protocol Support Team (EF) is pleased to announce that applications are now being accepted for the third cohort of the Ethereum Protocol Fellowship. (Formerly Core Developer Apprenticeship Program (CDAP))! with Merge is closed (58750000000000000000000 🥳).Ethereum core developers are looking forward to the next phase of protocol development and need qualified, dedicated people to help create an increasingly powerful and robust Ethereum network. Join the Ethereum Protocol Fellowship. What is Ethereum Protocol Fellowship (EPF)? EPF is a program…
Avalanche has seen its token AVAX rise rapidly over the past 30 days, entering the top 10 tokens by market capitalization. This rally did not come out of nowhere, as activity began to pick up on the Avalanche network once again. During this period, open interest also increased rapidly, eventually reaching an all-time high. Avalanche open interest increases to $413 million On Tuesday, Avalanche open interest rose to its highest level since launch after AVAX surged to $40. Open interest continued to rise for over a month, reaching $413 million on December 12. The surge coincided with a surge in…
CoW Swap is the first trading interface built on the CoW protocol. CoW Swap is a Meta DEX aggregator that allows you to buy and sell tokens using gasless orders, settled peer-to-peer between users or settled with on-chain liquidity sources, while protecting against MEV. cow protocol We performed a security review of ComposableCoW and ExtensibleFallbackHandler leveraging Ackee Blockchain, with total time donations as follows: 8 engineering days in the period between July 18th and July 28, 2023. methodology We use static analysis tools, namely wake up. We then took a closer look at the logic of the contract. For testing…
join us telegram A channel to stay up to date on breaking news coverage Cardano price predictions have added a massive 10.15% rise, and at the time of writing, it is trading at the $14.7 resistance level. Cardano prediction statistical data: Current Cardano price – $0.63 Cardano market cap – $23.2 billion Cardano circulating supply – 35.3 million Cardano total supply – 36.4 million Cardano CoinMarketCap Ranking – 8th ADA/USD Market Main level: Resistance levels: $0.75, $0.80, $0.85 Support levels: $0.45, $0.40, $0.35 ADAUSD – daily chart Over the past 24 hours, ADA/USD has shown a noticeable bullish trend, breaking…
Bitcoin (BTC) fell below $41,700, its lowest since Wall Street opened on December 15, as BTC price action put fresh selling pressure.BTC/USD 1-hour chart. Source: TradingViewBitcoin rejects SEC rejection of Coinbase.On the day, BTC/USD surged more than $1,300, or 3.2%, according to data from Cointelegraph Markets Pro and TradingView.The largest cryptocurrency, which recovered from sharp volatility the previous day, failed to maintain its position at $43,000 as Bitcoin’s strength declined to continue.The weakness in BTC prices came amid news that the U.S. Securities and Exchange Commission (SEC) had rejected major exchange Coinbase’s request to rework its cryptocurrency rules.“Today the Commission…
Market • December 15, 2023 10:26 AM EST Posted 1 minute ago In ~ Episode 105 of The Scoop Season 5 was recorded as follows: The Block’s Frank Chaparro and Bloomberg Intelligence ETF research analyst James Seyffart.Listen below and subscribe to The Scoop on YouTube. apologize, spotify, Google Podcasts, stitcher, Or listen to podcasts wherever you are. Please send feedback and correction requests to (email protected).James Seyffart is an ETF research analyst at Bloomberg Intelligence.In this episode, Seyffart shares why he believes approval of a Bitcoin spot ETF is imminent and how the market will react to this news.Grayscale Investments’…
A widely respected analyst is updating his outlook for Bitcoin (BTC) as the cryptocurrency reaches its all-time high of around $43,000. Pseudonymous cryptocurrency trader Kaleo says Social media platform X’s 611,000 followers believe Bitcoin will reach a new all-time high (ATH) sooner than previously thought. He now believes that BTC will reach ATH by the middle of next year. “Slowly but surely this is happening. One adjustment I would make to the paper here is that I would not be shocked to see a new Bitcoin ATH slightly earlier than stated in the original paper (mid-2024 rather than late 2024/early…
Recent reports have revealed an important upcoming event where a significant amount of tokens will expire. Bitcoin (BTC) and Ethereum (ETH) options contracts. Bitcoin and Ethereum Options Contracts Expiring Global options trading service platform Greeks.live via X (formerly Twitter) share Data on expiration of cryptocurrency assets. According to the platform, approximately 37,000 BTC options with a notional value of $1.58 billion are scheduled to expire. Additionally, Bitcoin’s current put-call rate is “Maxpain” points hit 1.02 with $42,000. Meanwhile, for Ethereum, data shows about 268,000 options worth $610 million are set to expire soon. Additionally, the current put-call rate is For…