Ethereum is dominating the cryptocurrency market with extraordinary price strength, surging over 200% since April and positioning itself as the top-performing major asset in the space. The rally has fueled growing optimism among analysts, with many projecting that all-time highs could soon be within reach for bullish investors. The combination of robust fundamentals, increasing institutional…
Bitcoin’s recent rally briefly surpassed its $120,500 breakout target, which has raised the question of what’s next for the leading cryptocurrency. But liquidity trends will determine whether momentum continues or stalls near all-time highs. Liquidity for Breakout Potential In its latest market commentary, Swissblock said that while broader macroeconomic volatility and potential downside pressure remain…
With the advent of the crypto era, cryptocurrency has become an indispensable part of today’s digital asset landscape. Imagine waking up every day to the knowledge that remote AI-powered mining algorithms could generate $8,000 or more for you daily—without having to purchase expensive mining equipment. This reflects a growing trend in cryptocurrency, with cloud mining…
Last week, Ripple automatically released $3.28 billion in XRP tokens from escrow, sparking fears of a selloff. However, these fears were totally irrational, and whales took the opportunity to consolidate their holdings. None of the alleged reasons to fear for XRP’s long-term health were validated. The escrow function has worked for years, and it’s intended…
Ethena (ENA) has corrected by nearly 6% in the past 24 hours. While that may look like the start of a pullback, the drop could just be a breather, one that gives fresh buyers a chance to enter, as multiple bullish signals still hold firm. On-chain and technical metrics show that momentum hasn’t been lost,…
Miles Deutscher (631,000 followers on X) believes the crypto market is approaching a confluence of catalysts it has never enjoyed at this scale. In a thread posted on X in the early hours of August 12, the analyst wrote, “The stage is set for crypto’s biggest bull run ever,” arguing that the industry is facing…
BitMine, the largest corporate holder of Ethereum, filed an Aug. 12 filing with the US Securities and Exchange Commission (SEC) to expand its stock offering by $20 billion. The filing supplements the company’s earlier at-the-market (ATM) equity program worth $4.5 billion. BitMine’s equity offerings now stand at roughly $24.5 billion, almost 5x its previous total…
Do Kwon pleaded guilty to federal fraud charges in Manhattan court, with his sentencing set for Dec. 11. As Inner City Press reported on Aug. 12, Kwon admitted he orchestrated a cryptocurrency scheme that prosecutors allege caused over $40 billion in losses when LUNA and TerraUSD tokens collapsed in May 2022. His defense entered guilty…
Strategy, a publicly traded American company co-founded by Michael Saylor, is making headlines as rumors swirl about its massive $46 billion BTC stash being used as a potential backdoor for a US strategic Bitcoin reserve. The speculation arose after a crypto analyst claimed that Tom Lee, a well-known financial analyst and Wall Street strategist, suggested…
In a recent analysis of the Responsible Financial Innovation Act (RFIA), the Democratic staff of the Senate Banking Committee criticized the crypto market regulation bill over several key components. The Committee’s Democrat wing, led by Senator Elizabeth Warren, argues that the bill would endanger Americans’ retirement savings and increase the risks of an economic meltdown….