Ethereum corrected by over 2% in the past 24 hours, briefly dipping below $4,500 before rebounding to trade above $4,600. The drop came amid a broader crypto market slide that erased over $240 billion in value and triggered nearly $1 billion in liquidations. Yet, despite the heavy selling pressure, Ethereum’s on-chain and technical signals suggest…
Ethereum’s ascent to dominance wasn’t due to a single codebase, but rather the power of diverse clients and the resilience from independent development. SSV Network is now applying this philosophy with the launch of Anchor, a Rust-based Distributed Validator Technology client created in partnership with Sigma Prime, a renowned Ethereum development team. Anchor is an…
SKALE (SKL), the native utility token of the SKALE Network, has experienced a remarkable 145% price surge in August. Furthermore, its trading volume exceeded $900 million yesterday, marking a major milestone. Amid this surge, SKALE’s Chief Technology Officer (CTO) has raised concerns about the sustainability of the trading behavior. SKALE’s (SKL) Price Surges in August:…
Leading cryptocurrency Bitcoin has witnessed heightened volatility this week, marked by sharp price swings and fresh record highs. Just yesterday, the coin surged to a new all-time high of $123,731 before retreating. Now trading at $119,937, the asset has pulled back by roughly 4% from its peak. However, despite these fluctuations, on-chain data has revealed…
After a heated four-day run, the cryptocurrency market has taken a breather, with total market capitalization dropping 4% in the last 24 hours. Despite the broader pullback, Aerodrome Finance’s native token AERO has emerged as the top gainer, climbing 4% on the day. However, on-chain metrics reveal that this uptick is largely driven by speculative…
Bitcoin recently formed a new all-time high (ATH) of $124,474, before experiencing a 3.5% decline in the last 24 hours. This drop follows a trend observed by CryptoQuant data, indicating that whales (large holders) may be selling their positions. The selling activity is directly affecting Bitcoin’s price as it moves from the ATH. Bitcoin Whales…
The crypto derivatives market is facing a major test today as over $6 billion in Bitcoin (BTC) and Ethereum (ETH) options expire. Today’s expiring options sets the stage for strategic repositioning among traders and potential heightened volatility into the weekend. Bitcoin, Ethereum Options Expiry Looms with Over $6 Billion at Stake Data on Deribit shows…
Welcome to the Asia Pacific Morning Brief—your essential digest of overnight crypto developments shaping regional markets and global sentiment. Grab a green tea and watch this space. Japanese corporations diverge on Bitcoin, with Remixpoint accumulating massive treasury holdings while Value Creation exits completely. Korean exchanges report mixed quarterly results amid market volatility. Hong Kong regulators…
A new study from Satoshi Action Education projects a 75% probability that Bitcoin will exceed $4.81 million by April 2036. The research, led by economist Murray A. Rudd, uses an updated probability model to examine how supply constraints and institutional demand could influence long-term valuations. Supply Shock Scenarios and Bitcoin Price The updated results show…
Citigroup is showing an unexpected interest in stablecoins and crypto ETFs; it might offer custody services for these assets’ collateral. Stablecoins might be the more viable option, as Coinbase already has an overwhelming head start in the ETF collateral market. Even if these plans don’t work out, the firm is nonetheless considering other stablecoin pilot…