Layer 1 blockchain Cardano (ADA) is poised to continue its long-awaited price surge, according to a prominent cryptocurrency analyst. Digital asset trader Ali Martinez told his 87,300 followers on social media platform “Large Cardano ADA transaction volume on the network exceeds $22 billion per day. These large transactions appear to be associated with high levels of accumulation. In fact, the positions of whales holding between $1 million and $10 million or more in ADA have increased by more than 100% in the past month. The price has started to move due to high buying pressure and from a technical perspective,…
Author: Crypto Flexs
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Tony Kim November 21, 2024 17:50 Japan’s cryptocurrency ecosystem has been grappling with money laundering and fraud despite its low exposure to global illicit entities. Authorities are stepping up efforts to address these issues. Japan’s cryptocurrency ecosystem is navigating a complex landscape of money laundering and fraud, despite Japan’s relatively low exposure to global illicit entities. According to a recent report by Chainalytic, Japanese cryptocurrency services primarily target domestic users, which helps limit interaction with international criminal networks. However, the country still faces serious challenges in tackling money laundering and fraud within its borders.…
There is a big difference in the net taker size when exchanging Bitcoin and Ethereum. Three factors could influence ETH to change to the right. Exchange activity between Bitcoin (BTC) and Ethereum (ETH) has been shown to have a significant impact on market behavior. For beginners, CryptoQuant’s Taker Buy/Sell Ratio provides insight into market sentiment by showing the ratio of buy orders to sell orders, an important indicator during a market rally or correction. At press time, both Bitcoin and Ethereum showed distinct patterns in the size of exchange net takers. Source: CryptoQuant Ethereum’s net takers have shown that the…
Gary Gensler, the high-profile and often polarizing chairman of the U.S. Securities and Exchange Commission, has announced his resignation, effective the day President-elect Donald Trump takes office. Here’s the announcement for X: On January 20, 2025, I hereby resign as follows: @SECGov chair.Thread 🧵⬇️— Gary Gensler (@GaryGensler) November 21, 2024 Gensler’s decision is not entirely unexpected to those familiar with Washington’s political rhythms. Leadership changes in federal agencies often coincide with the emergence of a new administration, especially when there is an ideological shift. Let’s take a closer look at the situation. Gensler cracks down on cryptocurrency Gensler’s term was…
Top news of the week Solana ETF regulatory filings abound as Gensler sets departure date. Cboe BZX Exchange filed four 19b-4 filings on November 21 for asset managers to list the Solana cash exchange-traded fund (ETF). On the same day, U.S. Securities and Exchange Commission Chairman Gary Gensler announced that he would resign in January. If approved, the spot Solana ETF issued by Bitwise, VanEck, 21Shares and Canary Capital will be listed on the Cboe BZX Exchange. 19b-4s notifies the SEC of rule changes proposed by self-regulatory organizations, such as financial regulators or stock exchanges. This differs from the Form…
Key Takeaways US Bitcoin ETFs are expected to surpass gold ETFs in size by Christmas, with assets now reaching $107 billion. BlackRock’s iShares Bitcoin Trust remains a key player this week, accounting for 73% of net inflows to Bitcoin ETFs. Share this article The US Bitcoin ETF will soon overtake the gold ETF in size if it maintains its current accumulation rate. Bloomberg ETF analyst Eric Balchunas suggests these funds could outperform gold ETFs by Christmas.As of November 23, Bitcoin ETF assets in the U.S. reached $107 billion, accounting for about 86% of the total net assets of gold ETFs,…
This article is also available in Spanish. Ethereum price started a new rise above $3,220. ETH is rising and targeting further gains above the $3,350 resistance level. Ethereum began a new rise above the $3,220 and $3,300 levels. The price is trading above $3,250 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a short-term contraction triangle forming with resistance at $3,360. A break above the $3,385 resistance area could provide bullish momentum. Ethereum price gains traction again Ethereum price stayed above $3,000 and started a new rise like Bitcoin. ETH rose above…
Alexey Pertsev will remain in pre-trial detention, a decision that has heightened concerns among privacy technology developers.Pertsev, the developer of cryptocurrency mixing protocol Tornado Cash, will remain in custody while awaiting trial. In a post published on November 21, Pertsev expressed disappointment with the court’s decision to extend his detention, which he said had hampered his ability to prepare for his appeal.Alexey Pertsev announced that pre-trial detention in X has been extended. Source: Alexey PertsevThe decision comes in response to growing regulatory interest in Pertsev’s cryptocurrency mixing protocol.On November 14, several Democratic lawmakers in the U.S. House of Representatives demanded…
lawrence jenga November 21, 2024 18:10 NVIDIA’s Grace and Grace Hopper CPUs deliver unprecedented energy efficiency and performance to Ansys workloads, transforming computing tasks in areas such as automotive safety and aerodynamics. NVIDIA has unveiled its latest advancement in computing performance with the introduction of Grace and Grace Hopper CPUs specifically designed to power Ansys workloads. According to NVIDIA’s official blog, these cutting-edge processors are set to redefine performance benchmarks in high-performance computing (HPC), especially in industries such as automotive engineering and aerodynamics. Innovative architecture for increased efficiency Featuring 72 high-performance Arm Neoverse V2…
SOL surged 8% and reached ATH. The market is optimistic about the ETF filing. Whales accumulate millions of Solana. Solana emerged as one of the best performers during the recent bull market and throughout the year. This trend intensified as political changes in the United States signaled favorable regulatory changes. Most recently, the token hit an all-time high as the possibility of Solana ETF approval increased. As a result, whales that have accumulated Solana have recorded millions of dollars in profits over the past few months. Solana reached ATH as whales earned millions of dollars. Whales placed a bet on…