Ethereum trading volume increased 85% in two weeks, reaching $7.3 billion. However, it is more likely that we will see a consolidation phase before the ETH bulls target $4,000. Ethereum (ETH)’s on-chain trading volume in 2024 largely followed the pattern of the broader cryptocurrency market, with a steady decline, but intermittent spikes in activity in the second and third quarters. But November marked an important turning point. The change was triggered by a combination of factors, including large inflows into Bitcoin (BTC) and Ethereum ETFs and Trump’s unexpected victory in the US presidential election. In just two weeks, Ethereum’s on-chain…
Author: Crypto Flexs
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Wang Long Chai November 21, 2024 15:43 Tokenized funds provide improved liquidity, efficiency and accessibility to asset management through blockchain technology, enabling 24/7 trading and fractional ownership. Tokenized funds are revolutionizing the asset management industry by leveraging blockchain technology to provide improved liquidity, efficiency, and accessibility. As Bitfinex reports, unlike traditional investment funds, tokenized funds offer 24/7 trading, increased secondary market opportunities, and self-storage options. This innovative approach allows investors more flexibility to buy and sell assets, while providing easier access to high-value assets such as real estate through fractional ownership. How tokenized funds…
join us telegram A channel to stay up to date on breaking news coverage Dogecoin price prediction renews the bullish trend after touching the 9-day moving average and hitting a daily high of $0.406. Dogecoin prediction statistical data: Current Dogecoin price – $0.430 Dogecoin market capitalization – $58.77 billion Dogecoin circulating supply – $146.9 billion Dogecoin total supply – $146.9 billion Dogecoin CoinMarketCap Ranking – 7th Dogecoin (DOGE) is a representative example of receiving rewards for early participation in a cryptocurrency project. Trading between $0.3815 and $0.4159 over the past 24 hours, DOGE remains well below its all-time high of…
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…
Louisa Crawford November 21, 2024 16:03 GitHub now offers a free Foundations certification to students verified through GitHub Education to foster the development of collaboration and version control skills. According to GitHub’s official blog, GitHub has announced an important initiative to support students by waiving the GitHub Foundations certification exam fee for those verified through GitHub Education. This move is part of GitHub’s ongoing effort to help students develop collaboration, version control, and other essential software development practical skills without financial burden. GitHub Basics Authentication The GitHub Foundations certification program is tailored for users…
Peter Jang November 21, 2024 17:15 Learn how intent-based applications can overcome Ethereum’s fragmentation challenges, with a focus on composability and a unified ecosystem through standards like ERC-7683 and low-latency networks. Intent-based applications are poised to change the way users interact with the Ethereum blockchain. However, these applications run the risk of creating fragmented “walled gardens” where each operates independently. According to EigenLayer Research, maximizing the potential of these applications requires a shift toward interconnected “invisible gardens.” The problem of fragmentation Intent-based applications such as CoW Swap, UniswapX, etc. provide an inherently user-centric and…
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,…
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…