This article is also available in Spanish. Market intelligence platform IntoTheBlock revealed how Ethereum has built a strong on-chain demand area that could sustain it above $4,000. Ethereum has two major support centers just below its current price. In a new post on X, IntoTheBlock discussed what Ethereum’s on-chain demand zone currently looks like. Below is a chart shared by the analytics firm showing how much supply investors have purchased at prices close to the current spot ETH value. There appear to be two large areas below the asset’s current price | Source: IntoTheBlock by X As you can see…
Author: Crypto Flexs
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Bitcoin and the broader cryptocurrency market sold off after the Federal Reserve cut interest rates by 25 basis points and signaled there may be fewer rate cuts in 2025 than initially planned. Following Federal Reserve Chairman Jerome Powell’s press conference after the interest rate cut, the price of Bitcoin (BTC) fell 4.6% to $101,300, while Ethereum (ETH) fell 5.96% to $3,600. Market participants had expected a 0.25% rate cut, which would check the box for most traders with optimistic price expectations, but Powell’s indication that there would only be two rate cuts in 2025 raised eyebrows. . In addition to…
Louisa Crawford December 17, 2024 14:48 NVIDIA’s Jetson Orin Nano developer kit has been significantly upgraded, delivering up to 1.7x better performance for generative AI applications at an affordable price. NVIDIA has announced a significant upgrade to the Jetson Orin Nano Developer Kit, now rebranded as the Jetson Orin Nano Super Developer Kit. This update is designed to improve the performance of generative AI applications, giving developers powerful tools for deploying advanced models. According to NVIDIA, the new kit delivers up to 1.7x better performance and is available for a discounted price of $249.…
Cryptocurrencies have made significant progress in recent years. Blockchain enthusiasts have been pushing the boundaries to create faster, more scalable, and more cost-effective solutions. As the network struggles with congestion and rising rates, a new player, Sonic Labs, is in the spotlight. With a groundbreaking launch Sonic MainnetThis forward-thinking blockchain promises high-speed transactions, seamless scalability, and incredible opportunities for cryptocurrency investors and developers alike. Let’s take a look at why Sonic Mainnet is a game changer and how you can take advantage of this innovation.Understanding Sonic MainnetSonic Mainnet is a next-generation blockchain designed to address the limitations of existing systems…
james ding December 17, 2024 15:21 According to Dan Morehead of Pantera Capital, the Pantera Bitcoin Fund has achieved the milestone of 1,000x growth since its inception, highlighting the growing institutional interest in blockchain technology. According to Dan Morehead, founder and managing partner of Pantera Capital, the Pantera Bitcoin Fund has achieved an incredible milestone since its inception, reaching 1,000 times its initial valuation. This performance highlights the significant growth and institutional interest in Bitcoin (BTC) and blockchain technology. Institutional interest in blockchain Dan Morehead discussed the fund’s performance and its broader impact on…
Cryptocurrency exchange Coinbase cited risks associated with Tron founder Justin Sun in its lawsuit over the delisting of Wrapped Bitcoin (wBTC). In a recent complaint, wBTC custodian and Sun-affiliated BiT Global accused Coinbase of using wBTC (the tokenized representation of Bitcoin (BTC) on the Ethereum (ETH) blockchain) for a “cash-out” and delisting it to exchange for existing bitcoins. They criticized it for replacing it with coins. Your own version of the asset. I complained, “In the case of packaged Bitcoin, Coinbase viewed it as another cash grab. Competitor wBTC had what it wanted. It was a revolutionary product that unlocked…
Ted Hisokawa December 17, 2024 15:49 Wormhole expands support for Circle’s cross-chain transfer protocol, enabling seamless USDC transfers across major blockchains with improved liquidity and developer integration. Wormhole announced that it has expanded support for Circle’s Cross-Chain Transfer Protocol (CCTP) to facilitate native USD Coin (USDC) transfers across eight major blockchains. According to Wormhole, this development aims to consolidate liquidity and provide seamless integration for developers. Cross-chain function expansion Wormhole integrates with Circle’s CCTP, allowing developers to create applications that can transfer USDC on Ethereum, Solana, Arbitrum, Base, Optimism, Polygon, Avalanche, and Sui. This…
The whale’s purchase of $30 million of XRP signaled renewed confidence and a potential price increase. XRP’s technical indicators have suggested further bullish momentum if volume and sentiment continue. In the past 24 hours, whale investors purchased 30 million Ripple (XRP) tokens, sparking a surge in demand and drawing attention to XRP’s price potential. This sudden surge raises important questions. Could this be the start of a major rally for XRP? More interestingly, is it possible for XRP to reach extreme price levels like $100, $300, or even $500? Whale activity and immediate price impact Santiment data highlights a significant…
Tony Kim December 18, 2024 15:58 According to NVIDIA, AI-powered digital avatars are improving customer service by providing personalized support in multiple languages across industries. Learn how these technologies can transform your operations and improve your user experience. AI-powered digital avatars are making great strides in improving customer service experiences across a variety of sectors. According to NVIDIA, these digital humans leverage the power of generative and agent AI to provide consistent multilingual support and personalized guidance. Industry-wide impact Digital avatars are used in a variety of industries, including healthcare, communications, and retail. Facilitate…
Bitcoin (BTC) price hit an all-time high of $108,365 on December 17 before falling below $105,000. The short-term decline comes ahead of the US Federal Reserve’s interest rate announcement on December 18. A 25bp cut in the current market. Despite the short-term volatility, one cryptocurrency analyst emphasized that an optimistic scenario is taking shape, with long-term Bitcoin holders positioning themselves for future gains. Bitcoin LTH revenue generation decreases from $10 billion to $3 billionBitcoin broke its all-time high in November 2024 with an incredible return of 37%, followed by a profit-taking frenzy. Cointelegraph reported that selling pressure in November reached…