Happy days are here again for Ethereum ($ETH) and its investors as the world’s second-largest cryptocurrency broke the $4,600 mark. This brings $ETH to a level unseen since late 2021. Institutional investors and Ethereum ETFs have primarily driven the rally that began earlier this month. This bullish sentiment will also have a positive impact on…
TL;DR Dogecoin rises 22% in seven days, with analysts targeting $0.27 and $0.295 after breakout. Golden cross appears on DOGE daily chart, with $0.20 acting as key market support level. Whale purchases exceed 1B DOGE as open interest tops $3.5B during strong market activity. Bull Flag Breakout on 4-Hour Chart Dogecoin (DOGE) has risen 22%…
Do Kwon, co-founder of the defunct blockchain firm Terraform Labs, has pleaded guilty to US fraud charges after a tumultuous three years following the company’s collapse. Do Kwon, who took part in creating and developing the TerraUSD stablecoin and the Luna (now Luna Classic) token lost an estimated $40 billion in value in 2022, entered…
Bitcoin dominance has fallen to its lowest level since January, dropping this week as Ethereum approaches its all-time high. The metric, which measures Bitcoin’s crypto market share, has been trending downward since late June when Ether started to wake up. Since then, it has declined by 10% sparking renewed calls for altseason, which usually comes…
In a new legal development, FTX customers claim that law firm Fenwick & West was a “key” player in the multi-billion-dollar fraud, alleging that the Silicon Valley firm was intertwined in many aspects of the crypto exchange’s operations. Customers Amend FTX Law Firm Track Complaint On Monday, FTX customers filed a motion to amend their…
Ether prices have surged to their highest levels for almost four years, tapping $4,625 during Asian trading early on Wednesday morning. The asset has continued to build momentum and is now up a whopping 54% over the past month and 27% over the past week. Meanwhile, the latest move has taken it to within 5.3%…
Bitcoin maintained its role as the market’s anchor asset in July, to a fresh record of $123,000. Its performance, however, coincided with a notable change in market structure as investor capital flowed aggressively into altcoins. According to Binance Research’s market insights shared with CryptoPotato, Bitcoin’s dominance fell by 5.2% to 60.6%. During the same period,…
Circle, the issuer of USD Coin (USDC), has announced plans to introduce its own Layer 1 blockchain, Arc, designed specifically for stablecoin-focused applications. The launch follows the company’s $1.2 billion initial public offering (IPO) in June and is scheduled to debut on a public testnet later this fall. According to Circle, Arc will be an…
In a transformative moment for the cryptocurrency industry with new regulations coming from the US, major financial institutions are setting their sights on stablecoins, thanks to the recent passage of the GENIUS Act. This regulatory framework, part of President Donald Trump’s vision to position the US as the global leader in cryptocurrency, has prompted banks…
Ethereum (ETH) has logged nearly 20% gains in the past week as it outperformed many crypto assets. After reclaiming the $4,200 price level for the first time since 2021, ETH has managed to stay above this level. Beyond price action, on-chain data reveals a telling change in how the leading altcoin’s most dedicated holders are…