‘DOGE Set to Surge:’ Crypto Analyst Anticipates Dogecoin Ready for a Price Spike
Cryptocurrency analyst Muro foresees a potential surge for Dogecoin (DOGE/USD), predicting a 6% increase in value. Currently trading at $0.078, Muro’s target price for DOGE is $0.083. Expressing optimism, the analyst shared their sentiment on X, stating, “Kinda have the feeling that the DOGE is gonna pop.” Over the weekend, Dogecoin saw a 10% rise…
Binance Responds to Increasing Counterparty Risk: Provides Custodial Services in Partnership with Swiss Banks
summary Binance will enable larger traders to store assets with independent banks such as Sygnum and Flow Bank. After US regulators imposed a $4.3 billion fine on Binance, there was a change in how customer assets were held. The recent $40 million funding injection received by Sygnum Bank enhances its ability to attract a wider…
Inflows of $208 million into the Fidelity Bitcoin ETF Counterbalance Outflows from Grayscale.
Main Points On January 29, the Fidelity Bitcoin ETF garnered $208 million in daily inflows, surpassing Grayscale’s GBTC for the first time since its launch. Reduced fees in the U.S. ETF market could be incentivizing traders to transition from European ETFs. Invesco and WisdomTree have recently lowered fees on their European-based Bitcoin ETFs. BlackRock’s IBIT…
Ethereum’s price momentum slows down – Resistance ahead may trigger further decline.
Ethereum’s price surged past the $2,280 resistance level, suggesting potential bullish momentum if it successfully surpasses the $2,330 resistance barrier. Ethereum initiated a notable rise above the $2,250 resistance area. The price is currently above both $2,280 and the 100-hourly Simple Moving Average. On the ETH/USD hourly chart sourced from Kraken, a breakout occurred above…
What sets parallel EVMs apart from Arbitrum Stylus?
Rachel Bousfield, Offchain Labs’ tech lead, clarifies misconceptions surrounding the effectiveness of parallel EVMs. Parallelizing the Ethereum Virtual Machine (EVM) has garnered attention in the cryptocurrency space recently. This approach aims to boost transaction throughput and blockchain scalability by processing multiple transactions simultaneously, rather than sequentially. However, Rachel Bousfield, Offchain Labs’ tech lead, suggests that…
With an innovative cross-chain wallet, Magic Eden enhances user accessibility.
The introduction of a multi-chain wallet by Magic Eden, a leading NFT marketplace, signifies a significant milestone. This innovative tool is crafted to accommodate various prominent blockchains such as Solana, Bitcoin, Polygon, and Ethereum. The launch represents a crucial step in Magic Eden’s continuous expansion and diversification within the digital asset realm. Improving the user…
Could the BONK meme overshadow Shiba Inu as SHIB whales go into hibernation?
summary In the past year, BONK, a memecoin built on Solana, has surged by 1,011%, surpassing SHIB and DOGE in certain metrics The coin’s Relative Strength Index is under 50, indicating buyer disinterest, but one whale still holds $3.6 million in BONK coins. Recent data suggests that SHIB whales are accumulating coins in anticipation of…
Anticipation of unlocking $81 million worth of tokens next week.
Optimism, a scaling solution built on Ethereum, is set to unlock approximately $81 million worth of OP tokens on January 29, 2024, as reported by Token Unlocks. Token unlocking events, common among crypto projects, involve gradually releasing reserved tokens to avoid potential market destabilization caused by sudden large-scale token liquidation. However, such events can sometimes…