A widely respected cryptocurrency trader said that Ethereum (ETH) rival, which performed very well last year, is headed for another major rally. pseudonym analyst Bluntz says 235,200 followers on social media platform “SOL is racing toward new heights. It is not simply a fade 35% liquidation dump in the strongest uptrend of all the top 10 coins in a bull market.” Source: Bluntz/X Bluntz utilizes Elliott Wave theory in technical analysis. Elliott Wave Theory states that major trends in asset prices move in a five-wave pattern, while corrections occur in a three-wave pattern. Looking at his chart, the trader suggests…
Author: Crypto Flexs
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I have a feeling I’ll be writing a lot about this topic in general in the near future, but the philosophical and existential crisis currently facing the Bitcoin space over what constitutes “spam” has enormous second-order implications and consequences. Began to import . In every other Bitcoin community. I’d like to focus specifically on the response to what could charitably be interpreted as a debate with core developers, but in reality it has in most cases taken the form of what can only be described as bullying. This is a very nuanced and nuanced aspect of how Bitcoin works, as…
Coinbase, a major U.S. cryptocurrency exchange, announced plans to enter the European Union (EU) derivatives market to expand its global influence. 2024 marks a strategic turning point for Coinbase as it aims to acquire Cyprus-based entities licensed under the Markets in Financial Instruments Directive 2014 (MiFID II). This important move allows Coinbase to strengthen its service portfolio and market reach by offering regulated derivatives, including futures and options, within the EU. Strategic Acquisition in Cyprus Coinbase’s decision to acquire a MiFID licensed company in Cyprus is pending regulatory approval. Once completed, this acquisition will significantly strengthen Coinbase’s presence in the…
An unidentified individual began trading on January 5, depositing 26.9 BTC, worth approximately $1.19 million, into the Genesis wallet. The Genesis wallet is the first wallet created on the Bitcoin (BTC) network by a pseudonymous entity known as Satoshi Nakamoto. This transaction took place at 1:52 a.m. ET, two days after Bitcoin celebrated its 15th anniversary, and attracted attention because it was impossible to retrieve. Arkham Intelligence, an on-chain analytics platform, reported that before depositing Bitcoin into the Genesis wallet, the owner of the mysterious wallet funded it through complex transactions involving various addresses. Source: Arkham Intelligence Arkham Intelligence also…
The exit queue for Ethereum validators surged to over 16,000 on Friday, compared to just 26 the day before. on blockchain data At validatorqueue.com. The queue represents over $1 billion of staked ETH at current prices, but due to large balances it can take up to 5.6 days for that ETH to get back into depositors’ hands.
Bitcoin Cats announced a strategic partnership with DWF Labs. The goal of the partnership is to create an ecosystem that houses the most exciting upcoming gaming and entertainment elements. The ecosystem will be built on a network of Bitcoin and EVM. While the immediate impact of this announcement on Bitcoin Cats and DWF Labs is still uncertain, the impact has clearly been felt on Bitcoin. The network’s recognition in the announcement provided some comfort to the community, which is currently seeing a resurgence in the token’s value after enduring an unexpected downturn in the cryptocurrency market. BTC was last traded…
BlackRock’s Strategic People AlignmentBlackRock, the world’s largest asset management company, is reportedly preparing to reduce its global workforce by about 3%. The move, involving about 600 employees, comes against the backdrop of the company’s hopeful expectations that the U.S. Securities and Exchange Commission (SEC) will approve its application for a spot Bitcoin exchange-traded fund (ETF).Bitcoin ETF Application and SEC DeadlinesBlackRock’s decision coincides with an important time in the cryptocurrency investment space. The company, along with other asset managers such as Valkyrie, Grayscale, and ARK 21Shares, recently filed 19b-4 amendments to their respective spot BTC ETF applications. The filing, filed Jan.…
XRP currently makes up more than 1% of the Grayscale Large Cap Fund portfolio. Polygon continues to fall after the market crash. Grayscale recently adjusted its broad portfolio of funds by adding and removing certain digital assets. Ripple (XRP) and Polygon (MATIC) participated in this rebalancing. What role did they play? XRP input, MATIC output According to recent X (formerly Twitter) updates, Grayscale Investments, the manager of the Grayscale Digital Large Cap Fund, conducted a portfolio review. The review included a rebalancing of digital assets within the fund. According to the document, MATIC was removed from the fund while XRP…
Republican Rep. Blaine Luetkemeyer announced his retirement on Thursday, potentially clearing the way for him to chair the cryptocurrency-friendly House Financial Services Committee following the departure of Chairman Patrick McHenry in early 2025.The House Financial Services Committee, led by McHenry, has introduced legislation aimed at regulating stablecoins and taking a comprehensive approach to cryptocurrency market structure. Luetkemeyer, a member of that committee, previously said he planned to run for McHenry’s chairmanship.When Luetkemeyer leaves at the end of 2024, Rep. French Hill, R-Ark., will be eligible to assume the chairmanship. Hill leads a panel focused on digital assets for the Commission.…
As we operate within the cryptocurrency industry, this article focuses on the ever-changing price charts of Cardano (ADA), Mantle (MNT), and Everlodge (ELDG). These tokens are witnessing different price movements. While Cardano is plummeting, Mantle token is fighting a bear market. Meanwhile, Everlodge continues its impressive pre-sale momentum, making it one of the best cryptocurrencies to invest in right now. Cardano (ADA) declines due to falling price The price value of Cardano (ADA) has been declining this year. Cardano lost about 10% last week, according to data compiled by CoinGecko. However, Cardano’s bearish sentiment shows up in recent price charts,…