Now that a spot Ether ETF has launched, hold off on assuming that Ether’s price will skyrocket. According to anonymous crypto trader Roman, Bitcoin is holding its price queue for some time. “In the short term, I don’t see Ethereum doing that well, at least not for the next few months,” he predicted in an interview with Hall of Flame. A popular cryptocurrency trader with 56,000 followers believes that Ether, like the rest of the cryptocurrency market, should wait for a while until traders get bored with the Bitcoin price and then move their funds to other cryptocurrencies. “ETH will…
Author: Crypto Flexs
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Market • July 30, 2024 11:14 AM EDT Posted 1 minute earlier In ~ Ethereum Ethereum +0.32% One analyst said spot exchange-traded funds (ETFs) are likely to see significantly lower inflows during their first year of trading compared to spot Bitcoin ETFs.“Ethereum’s low awareness likely means slow adoption, and with a market cap just a third of Bitcoin’s, we expect relative inflows to be in the range of 15-35% versus Bitcoin, or $5-10 billion in the first year,” Catalin Tischhauser, head of research at Signum Bank, told The Block. Additionally, based on current and past market patterns, we project that…
The cryptocurrency market is abuzz with anticipation as two major digital assets, Solana (SOL) and Mpeppe (MPEPE), make headlines. With Solana (SOL)’s massive rally and Mpeppe’s promising pre-sale phase, investors are hoping to see significant returns. Here’s an in-depth look at why now might be the perfect time to invest in these two tokens. Impressive Performance of Solana (SOL) Solana (SOL) has been making waves in the cryptocurrency markets, establishing itself as one of the top 5 cryptocurrencies by market cap. As of today, Solana is trading at $181.88 per SOL/USD, with a market cap of $84.54 billion and a…
Alvin Lang 30 July 2024 14:43 ENS domains are now available on Linea, the first native ENS integration on a Layer 2 blockchain. According to blog.ens.domains, Ethereum Name Service (ENS) domains are now available on Linea, marking an industry-first native ENS integration on a Layer 2 (L2) blockchain. ENS and its importance Ethereum addresses, which are typically 42 characters long, are difficult to remember. ENS, a decentralized naming protocol built on the Ethereum blockchain, provides a solution. ENS translates complex blockchain addresses into human-readable labels, much like the Domain Name System (DNS) does for…
Polygon (MATIC) Labs announced that it will be adding new features to the AggLayer ecosystem. The new addition of AggLayer is expected to be a significant milestone in Polygon’s plans to bridge layer 1 chains like Solana to Ethereum. This development is the result of months of effort to strengthen AggLayer with as many ZK provers as possible. As Ethereum’s scaling vision has become more rollup-centric in recent years, more alternative Layer 1 chains are exploring the option of transitioning to Layer 2 to tap into the deep liquidity of the “DeFi kings.” This potential gold rush has meant big…
Deal • July 30, 2024 9:00 AM EDT Hyperbolic, a blockchain-based AI cloud company, has raised $7 million in seed investment.Polychain Capital and Lightspeed Faction led the round, with additional support from Chapter One, LongHash, Bankless Ventures, Republic Digital, Nomad Capital, CoinSummer Labs, Third Earth Capital, former Coinbase CTO Balaji Srinivasan, Near Protocol’s Ilya Polosukin, Polygon’s Sandeep Nilewal, Casey Caruso, Tekin Salimi, and Santiago Santos. Hyperbolic aims to reduce AI computing resource consumption by pooling GPU power. The company uses blockchain technology to ensure that the network runs in a secure and reliable manner. “Hyperbolic’s ultimate goal is to not…
Peter Zhang July 30, 2024 12:13 Bitfinex has announced the listing of Turbo (TURBO), an Ethereum-based mimecoin generated by ChatGPT, with trading set to begin on August 1, 2024. According to blog.bitfinex.com, Bitfinex, a leading digital asset trading platform, has announced the listing of Turbo (TURBO), an Ethereum-based mimecoin created with the help of ChatGPT. Introduction to TURBO Launched in 2023 by digital artist Rhett Mankind, TURBO was developed using the OpenAI chatbot ChatGPT with the directive to “create the next big meme coin with a budget of just $69.” TURBO has no specific…
Solana, Cardanoand polygon Everyone can breathe a tentative sigh of relief, as the Securities and Exchange Commission (SEC) seeks to assert in its lawsuit against cryptocurrency exchange Binance that the exchange is an unregistered security, according to new court documents.The SEC wrote in a joint status report filed early Tuesday morning that it intends to amend its Binance lawsuit to suspend claims regarding “third-party crypto assets.” But SOL, ADA, and MATIC aren’t entirely out of the woods yet.The amendments do not mean the SEC has dismissed the unregistered securities claim or that a judge has dismissed it. The update “eliminates…
Leading Cryptocurrency Companies Are Leveraging Leading Blockchain Oracle Services to Drive Transparency According to a new announcement from 21Shares, the company’s Ethereum (ETH) exchange-traded fund (ETF) will utilize Chainlink’s (LINK) Proof of Holdings (POR). “Exciting news! 21Shares has integrated Chainlink Proof of Reserve (PoR) on Ethereum, increasing reserve transparency for the 21Shares Core Ethereum ETF (CETH). Chainlink’s Proof of Reserve integration aims to set a new standard for digital asset transparency and security, ensuring investors have real-time visibility into the Ethereum reserves that support CETH.” Chainlink’s POR allows anyone to view an ETF’s reserve data and reserve history. Chainlink’s POR…
The XRP market is showing a similar pattern to the one leading up to its massive 60,000% price increase in 2018. XRP’s monthly volatility has fallen to an all-time low.On XRP’s monthly chart, the Bollinger Band Width (BBW) hit a new low in July, reflecting the XRP/USD trading pair moving within a tight trading range for several years.From a technical perspective, these periods of low volatility can often precede major price movements. In other words, when the bands are narrow, it suggests that an upside or downside breakout is imminent as the market shifts back to higher volatility.XRP/USD monthly price…