Ethereum (ETH) price fell 12% between October 1 and October 3, unable to overcome the $2,650 resistance level. This bearish momentum erased all the gains of the past two weeks and the optimism that emerged after breaking the $3,000 support line two months ago.Traders are now questioning whether Ether can recover to $2,800 and what conditions are needed for ETH to reverse its current trend and outperform the broader cryptocurrency market. The price of Ethereum has fallen 5% since September 1, but the overall cryptocurrency market capitalization has increased by 1.4%.ETH/USD (green) versus total cryptocurrency limit (blue). Source: TradingViewIn particular,…
Author: Crypto Flexs
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Rebecca Moen October 2, 2024 18:33 Cronos (CRO) Labs has enabled yield rewards for vETH and vUSD tokens on the zkEVM network, allowing users to claim accumulated rewards on a regular basis. According to Cronos Labs, Cronos (CRO) Labs has announced the activation of yield rewards for vETH and vUSD yield holding tokens on the Cronos zkEVM network. Token holders can now claim their accumulated rewards through the designated rewards page.Understanding Cronos zkEVMCronos zkEVM Network is a next-generation zero-knowledge layer 2 solution focused on scalability, security, and innovation. Supports natively monetized cryptocurrencies such as…
Bitcoin recovered to $66,000, marking its first new high since the all-time high of $73,835 set in March. Despite the price of Bitcoin falling below $60,000 this week, Glassnode said several on-chain indicators suggest the market is “approaching a phase change.” This recovery, which saw Bitcoin (BTC) rise 26.5% from a low of $52,550 on September 6 to a three-month high of $66,508 on September 27, shows striking similarities to previous cycles, with the price trading at . Almost the same position.“Both the 2015-2016 (blue line) and 2019-20 (green) periods traded in an eerily similar manner to the recovery in…
The regulatory crackdown is a major blow to Monero, the leading privacy coin. Kraken announced that Monero is withdrawing from the platform’s EEA services. Kraken’s European customers will be able to withdraw their XMR until the end of 2024. Monero (XMR), the leading privacy cryptocurrency, is being shaken by a whirlwind of legal changes regarding digital assets. Recently, Kraken, one of the largest cryptocurrency exchanges, announced the imminent delisting of Monero from the European Economic Area (EEA). XMR, a favorite of cryptocurrency enthusiasts for its untraceability, fell below the historically sensitive support level of $150 on October 1, 2024. The…
Happy Thursday! In today’s Daily, SEC appeals previous ruling against Ripple, Swift plans real-time banking trial for digital asset trading, Binance Labs invests in ZKsync “elastic chain” and more.Meanwhile, analysts at Standard Chartered and JPMorgan say geopolitical risks could drive investors toward Bitcoin.Let’s get started.SEC appeals Ripple case rulingThe U.S. Securities and Exchange Commission (SEC) is appealing a previous ruling in its case against Ripple, according to a court filing Wednesday. “We believe the district court’s decision on the Ripple matter conflicts with decades of Supreme Court precedent and securities law, and we look forward to filing the case in…
Visa has launched the Visa Tokenized Asset Platform (VTAP), a new initiative to help banks issue fiat-backed tokens on blockchain networks.On October 3, the digital payments giant announced that VTAP is now accessible through its developer platform. This will allow participating institutions to develop and test digital assets such as stablecoins and central bank digital currencies (CBDCs).Currently, the platform operates in a sandbox environment, but Visa plans to enable real-time use by 2025.VTAPVisa described VTAP as a way to help banks provide blockchain services by applying its knowledge of emerging technologies, including smart contracts. The company plans to expand this…
Popular meme coin Pepe (PEPE) is under significant pressure, mainly due to profit-taking activities by long-term holders (LTH). It is currently trading at $0.0000090 and has witnessed an 18% price decline over the last 4 days. Two notable on-chain indicators show that dormant PEPE tokens previously held by LTH are starting to change hands. If this group of PEPE holders continue to sell, the meme coin could witness another double-digit decline. Pepe long-term holder book profits The first indicator of profit taking among long-term holders (LTHs) of Pepe is the average coin age. According to analysis by BeInCrypto, this indicator…
October 3, 2024 | Asset List, Products, Uncategorized We are excited to announce that EIGEN is now tradable on Kraken! Funding and Transactions EIGEN trading will begin today, October 1, 2024, at 4:00 AM (UTC). To add assets to your Kraken account, go to Funding, select the assets you want and hit ‘Deposit’. Make sure you deposit your tokens on a network supported by Kraken. Deposits made using other networks will be lost. The new token will be tradable on Kraken and Kraken Pro using the following parameters: legacypairPrice decimal precisionMinimum order sizeMinimum deposit amountownUS Dollar, Euro311 memo: Once liquidity…
Crypto analyst and trader Ali Martinez is bullish on the largest memecoin by market capitalization. Martinez tells his 73,200 followers on social media platform . . Cryptocurrency analyst and trader says: “The last two times Dogecoin DOGE had a bullish MACD crossover on the weekly chart, it rose 90% and 180% respectively.” Source: Ali Martinez/X Martinez also says that the Dogecoin network is seeing “significant growth,” with the number of new addresses increasing by double digits in just one week. “There has been a 72% increase in new DOGE addresses over the past week, with 19,630 new DOGE addresses created…
Ted Hisokawa October 3, 2024 03:45 Explore VanEck’s diverse range of income-focused ETFs that provide strategic opportunities across a variety of market sectors, including CLOs, high-yield bonds, and mortgage REITs. VanEck, a prominent asset management firm, provided insight into the rapidly changing income investment landscape, especially in the context of interest rate changes. The company provides exposure to both traditional and specialized market segments, emphasizing a variety of exchange-traded funds (ETFs) designed to meet a variety of investment needs and preferences. VanEck’s various ETF products VanEck’s portfolio includes a variety of income-focused ETFs, each…