Ethereum Ethereum +3.31% Since the Federal Reserve cut the federal funds rate by 50 basis points last Wednesday, Ether has outperformed Bitcoin. Since the U.S. central bank cut rates for the first time in four years, Ether has risen more than 16%, while Bitcoin has risen about 6% over the same period.According to Coinglass data, the Ethereum perpetual futures funding rate turned positive after the U.S. Federal Reserve cut interest rates last Wednesday, currently sitting at 0.0082%.Ruslan Lienkha, head of markets at cryptocurrency exchange YouHodler, told The Block that while this suggests bullish market sentiment for ether, there is also…
Author: Crypto Flexs
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Cryptocurrency analyst Ali Martinez says the time is fast approaching when altcoins will outperform Bitcoin (BTC), and Dogecoin (DOGE) could be the one to benefit. Martinez told his 71,900 followers on social media platform X that Bitcoin dominance (a measure of BTC’s market cap relative to the rest of the crypto) is currently nearing the end of a rising wedge, as a price break below a support level is traditionally considered a downtrend. At the same time, Martinez says the OTHERS chart, which tracks all crypto assets except stablecoins and the top 10 coins, is breaking out of a falling…
James Ding 23 Sep 2024 12:46 Get insights into decentralized AI, the importance of Ethereum ETPs, and legal defenses for cryptocurrency creators, according to a16z crypto. Artificial intelligence (AI) and Cryptocurrency As they become more relevant, experts are discussing how these technologies can be mutually beneficial. According to a16z crypto, the deployment of larger computing power for AI training gives large companies an advantage over startups. To level the playing field, startups need to have affordable access to large computing power. Gensyn’s co-founders emphasized the importance of building a decentralized, permissionless machine learning protocol…
SUI outperformed most coins and took the top spot in weekly returns. As a result, if this trend continues, LTC’s market positioning could be challenged, but what are the odds? SUI (SUI) ended the week as the biggest gainer among the top 25 tokens, up 49% to $1.62. Currently ranked 21st, SUI’s gains have analysts speculating about its potential to replace Litecoin, which rose 8% to $68.49. With SUI targeting a March ATH of $2.09, the odds are increasing that it will overtake Litecoin in the top 20. SUI is overcoming adversity, but there are problems. Source: Coinalyze On the…
One of the wallets available in The Open Network (TON) ecosystem has announced that it will support cryptocurrency assets on the Tron blockchain. On September 23, self-custodial wallet MyTonWallet announced that it would integrate Tron to support assets within the network. This includes the network’s native token, Tron (TRX), Tether (USDT), and other tokens that use the TRC-20 standard. The MyTonWallet team claims to be the first wallet to integrate Tron-based assets in the TON ecosystem. Foundation for interoperabilityThe team believes this move “lays the foundation” for blockchain interoperability. MyTonWallet founder Alexander Zinchuk believes that managing assets across multiple chains…
The Bitcoin (BTC) price is currently just 14% below its all-time high, but favorable conditions have created a target of $80,000+ in the coming weeks.However, when you factor in inflation, a new all-time high (ATH) of around $100,000 might not be as impressive as you might think. Bitcoin Price Adjustment Due to Inflation (2021 vs 2024) Bitcoin analyst Luke Broyles claims that even if BTC breaks the incredible $100,000 mark, it will “barely” match the value of buying BTC in 2021. In his X post, Broyles emphasizes that, taking inflation into account, the 2021 ATH price would currently be $83,000.Data…
With Bitcoin up about 10% last week and Ether up 17%, analysts at research and brokerage firm Bernstein have outlined five key reasons for the rally and what to expect going forward.One such factor is the potential for bipartisan support for cryptocurrencies. Democratic candidate and current Vice President Kamala Harris said at a Wall Street fundraiser over the weekend that she would protect consumers while also promoting cryptocurrency businesses.“This is the first time Harris has explicitly mentioned cryptocurrencies, with the word ‘digital assets’ mentioned in her statement,” Gautam Chhugani, Mahika Sapra and Sanskar Chindalia wrote in a note to clients…
Crypto Inheritance Planning is a specialized subset of general estate planning that addresses the unique challenges of digital assets such as crypto wallets, cryptocurrencies, NFTs, and other blockchain-related assets. As you invest more in these assets, planning for what happens to them over time becomes just as important as planning for your traditional assets. Why Cryptographic Inheritance Requires Special Attention Crypto assets behave differently from traditional financial assets when it comes to inheritance, and they also behave differently from physical assets.Traditional financial investments Typically, it involves a beneficiary as part of a financial institution account. The institution processes the distribution…
Stablecoins and cryptocurrencies are gaining importance in emerging economies as they begin to replace fiat currencies in some East Asian countries.According to a report released by Chainalysis on September 17, East Asia is expected to emerge as the sixth largest cryptocurrency economy by 2024, accounting for over 8.9% of global cryptocurrency imports from June 2024 to July 2023.According to Maruf Yusupov, co-founder of Deenar, a digital stablecoin backed by physical gold, the growing adoption of cryptocurrencies and stablecoins is partly due to the devaluation of fiat currencies and countries with high inflation rates.In a statement shared with Cointelegraph, Yusupov wrote:“In…
Jorg Hiller 23 Sep 2024 04:52 Binance is launching the ‘Word of the Day’ game, giving users the chance to share 500,000 Binance Points, which participants can exchange for BNB token coupons and trading fee discounts. Binance has announced the launch of a new ‘Word of the Day’ (WOTD) game, and according to Binance, users will have the opportunity to share in a pool of 500,000 Binance Points, which can be exchanged for BNB token coupons and BNB trading fee discount coupons in the Rewards Hub.This week’s topic is ‘Clone Trading’. Users are encouraged…