Sindhu

Budding crypto writer with a keen interest in providing fresh insights and the latest updates in the crypto space. Enthusiastic about translating complex crypto concepts into clear, actionable information for readers.

Posts by Sindhu

Bernstein Predicts Ethereum ETF Staking Yield Approval Under Trump Administration

Ethereum exchange-traded funds (ETFs) could soon experience significant growth with the integration of staking yields according to analysts at Bernstein. This development is expected to appeal particularly to institutional investors, who are increasingly looking for yield-generating assets in a low-interest-rate environment. Bernstein’s report also predicts that staking yields for Ethereum

December 2, 2024 2 mins read

Are Bearish Signals Warning of a Reversal for Cardano ($ADA)?

Cardano ($ADA) is trading at $1.08, marking a daily surge of 1.41%. Its market cap stands at $38.06 billion, with a 24-hour trading volume of $3.94 billion, reflecting a sharp 170.28% increase. The volume-to-market cap ratio of 10.32% indicates heightened trading interest, signalling strong market activity. Technically, $ADA has faced

December 2, 2024 2 mins read

HBAR Bulls Propel Price to Surge 48% with Key Technical Levels

Hedera Hashgraph (HBAR), a cryptocurrency often highlighted during the 2021 bull market, has surged by 44% in the last 24 hours. HBAR, which recently broke key resistance levels, has delighted its investors with this explosive rally. The token’s price currently sits at $0.2453, marking a 22% daily increase. Over the

December 2, 2024 2 mins read

XRP Surpasses USDT and SOL to Claim Third Largest Cryptocurrency Spot

XRP has surpassed Tether (USDT) and Solana (SOL), becoming the third-largest cryptocurrency by market capitalization. The native token of Ripple Labs reached $2.46 on December 2, marking a 30% daily increase and a staggering 375% rise over the last 30 days. XRP’s market cap soared to $138.78 billion, bolstered by

December 2, 2024 2 mins read

Justin Sun Eats $6.2M Banana Artwork in Hong Kong

Justin Sun, the founder of TRON, made headlines by eating a $6.2 million banana artwork at an event in Hong Kong. The conceptual piece, titled Comedian by Italian artist Maurizio Cattelan, features a banana duct-taped to a wall. Sun purchased the artwork at a Sotheby’s auction after six minutes of

November 29, 2024 2 mins read

Ethereum Foundation Funds zkVM Projects in Millions as ETH Eyes $4K

The Ethereum Foundation is making headlines with a substantial investment in zkVM (Zero-Knowledge Virtual Machines) technology. Researcher Justin Drake revealed on November 29 that the foundation is committing tens of millions of dollars to zkVM. The EF is investing tens of millions into zkVMs:https://t.co/XDaHyurNK9—zkRISC-V formal verificationhttps://t.co/ML0PUqliRb—Poseidon cryptanalysishttps://t.co/0Qns6MCIuu—L2beat for zkVMs, soon™

November 29, 2024 2 mins read

Crypto OTC Trading Volumes Surge Amid Clear Regulatory Path

Will Bitcoin’s $13.6B Options Expiry Drive It to Six Figures?

Bitcoin (BTC) surged to $96,859 today and is currently trading at $96,171, reflecting a 0.55% daily gain. With a market cap of $1.90 trillion, the cryptocurrency showcases resilience, despite reduced block rewards and low transaction fees. The 24-hour trading volume spiked to $47.13 billion, accounting for 2.5% of the market

November 29, 2024 2 mins read

Russia’s Federation Council Approves New Crypto Taxation Law

On November 27, 2024, Russia’s Federation Council approved a crucial bill outlining the taxation framework for digital currencies. The legislation follows approval from the State Duma, the lower house of parliament, the day before. With President Vladimir Putin’s expected signature, the bill will soon become law, officially establishing new rules

November 28, 2024 2 mins read

Will Solana (SOL) Hit New Highs in the Coming Weeks?

Solana (SOL) has captured investor attention with its impressive performance in the last week. Currently Solana is trading at $236.34, SOL has experienced a 2.32% dip in the last 24 hours but remains a dominant force in the crypto market. Its market cap stands at $112.24 billion, with a 24-hour

November 28, 2024 2 mins read

Is Bitcoin’s Drop in MDIA a Sign of Continued Bullish Momentum?

Bitcoin’s market sentiment has been significantly influenced by a crucial metric, the Mean Dollar Invested Age (MDIA). This metric measures the average age of each BTC that has been sitting in wallets on the network. A rapid drop in MDIA indicates that dormant coins are moving back into circulation, a

November 28, 2024 2 mins read