Ethereum’s native token, Ethereum (ETH), has been on a slow and steady rise over the past three weeks, rising 28% since November 18th. Despite plummeting to $3,615 on December 5, the altcoin has bounced back and is currently trading there. Over $4,000.Ethereum 4-hour chart. Source: Cointelegraph/TradingViewThe yearly high remains at $4,098 and the trend continues to form higher highs and higher lows on the 4-hour chart. The Relative Strength Index (RSI) also looks healthy, currently below overbought territory. Ethereum hints at a “paradigm shift” above $4,000.The venture founder, an anonymous cryptocurrency analyst, has set his sights even higher for 2025…
Author: Crypto Flexs
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HighlightsGRVT has obtained a Class M license under Bermuda’s DABA framework and plans to expand beyond its current sandbox operations by upgrading to a full Class F license by mid-2025.The platform works with 55 institutional partners and 17 market makers to manage $4.2 billion in monthly contract volume, with mainnet launch scheduled within two weeks.As part of its global regulatory strategy, GRVT is pursuing compliance in multiple jurisdictions, including harmonizing the EU’s MiCA framework and partnering with ADGM. Hybrid cryptocurrency trading platform GRVT has secured its position as the latest decentralized exchange (DEX) to win Bermuda regulatory approval. On Friday,…
The bullish trend in the cryptocurrency market continues in December, a month commonly referred to as “Decembull”. In one of the many surprises of this quarter, Cardano (ADA) broke above $1.2 and approached a $2 breakout. However, DeFi giant Solana (SOL) has been underwhelming, but experts expect it to bounce back soon. Amid rising sentiment, experts are bullish on DTX Exchange (DTX). This new exchange-based cryptocurrency sits at the intersection of traditional and decentralized finance and is being seen as a strong competitor to BNB. DTX Exchange (DTX): A New BNB Competitor? DTX Exchange (DTX) is the best ICO and…
Haliey Welch, an internet personality known for her memes, is facing backlash and severe criticism following the collapse of her HAWK memecoin. According to a report by the BBC, host Talk Tuah’s Solana (SOL)-based memecoin HAWK lost more than 95% of its value within hours of launch, leading YouTuber Coffeezilla to accuse Welch of executing a pump-and-dump scheme. The pump and dump method artificially inflates the value of a coin through hype or misinformation. Then, holders of those coins who bought the tokens cheaply (or got them for free) sell those tokens for a high value, causing the price to…
james ding December 6, 2024 08:34 Binance Futures will abolish the MAVIAUSDT, OMGUSDT, and BONDUSDT perpetual contracts, and will close all positions and implement automatic settlement by December 16, 2024. Binance, a leading cryptocurrency exchange, announced plans to delist several USDⓈ-M perpetual contracts, focusing specifically on MAVIAUSDT, OMGUSDT, and BONDUSDT. According to Binance’s official announcement, the delisting process is scheduled for 09:00 (UTC) on December 16, 2024. Details of delisting As part of the delisting process, Binance Futures will close all existing positions and perform automatic settlement of designated contracts. The exchange advised users…
London, UK, December 6, 2024, Chainwire Pepeto: affordable prices and big announcements ahead Pepeto captured the attention of the cryptocurrency community with its compelling story and utility. Currently priced at just $0.000000096, Pepeto currently has 5 days left in its pre-sale phase and offers an affordable entry point. Pepeto also teased a major announcement to come, further fueling speculation and interest. The combination of narrative-driven appeal, advanced utilities such as cross-chain bridges and free exchanges, and a rapidly growing community could create a standout opportunity in the Memecoin space. Pepeto: Community and Adoption for the Memecoin Era Pepeto has generated…
EigenLayer, Ethereum’s largest restaking protocol, is upgrading its rewards program to provide more flexibility for the protocol and restakers, according to a December 6 blog post. This change allows third-party protocols that use EigenLayer (Active Validated Services (AVS)) to distribute rewards to validators based on performance. Additionally, validators, or “operators,” can set commission rates independently, EigenLayer said.The upgrade is “designed to provide greater flexibility, efficiency, and customization to rewards within the EigenLayer ecosystem,” the restaking protocol said in a December 6 post on the X platform.EigenLayer said the upgrade will be released on mainnet in January.EigenLayer AVS. Source: EigenLayerThe biggest…
Bitcoin (BTC) price fell to $90,500 following a flash crash on December 5, before quickly recovering above $100,000. Bitcoin 4 hour chart. Source: Cointelegraph/TradingViewDespite falling 14% from its all-time high of $104,600, Bitcoin is up 4.57% on the daily chart, maintaining a bullish position above the respective EMA levels on the 4-hour chart. Bitcoin Funding Rate Reset After $400 Million LiquidationBitcoin’s sharp decline occurred within an hour, during which the candle’s high and low were $99,105 and $90,500, respectively. Bitcoin liquidations exceeded $400 million in this short period, making it the largest liquidation event since 2021. However, the most positive…
XRP faced strong resistance near the $3 barrier as profit seekers began cashing out. The decision to HODL will depend on internal and external factors moving forward. Among the top altcoins, Ripple (XRP) has been strategically positioned by bulls to ride the wave of the Trump pump. With explosive monthly gains of more than 300%, XRP has become the talk of the market, attracting both seasoned and enthusiastic new investors. As a result, in just 30 days, XRP broke not one, but two major resistance levels. After regaining the $1 mark, it continued to build momentum, defying signs of market…
It has been reported that the Czech Republic has passed a bill exempting capital gains tax for Bitcoin holdings for more than three years. The decision, which was unanimously approved by the National Assembly on December 6, is scheduled to take effect on January 1, 2025.According to the Parlamentní Listy news site, the Czech Republic’s new tax exemption law introduces clear conditions under which cryptocurrency transactions can be excluded from personal taxation. “Individuals whose annual gross income from trading crypto assets does not exceed CZK 100,000 ($4,000) can benefit from this exemption,” the Czech media outlet said. “Also, digital assets…