In the volatile world of cryptocurrencies, market consolidation phases often bring a period of calm and strategic repositioning. The cryptocurrency market is currently experiencing one of these phases, characterized by relatively stable prices and lower trading volumes. This phase is a breeding ground for strategic maneuvers by big whales—large holders
Final approvals for asset managers providing spot Ethereum (ETH) exchange-traded funds (ETFs) on exchanges may be delayed, according to U.S SEC Chair Gary Gensler. While appearing on CNBC on June 5, Gensler hinted that the SEC may be dragging its feet in approving spot Ether ETFs, saying that the following
In a Series A funding round, Fhenix, an Ethereum Layer 2 network developer with an emphasis on data confidentiality, has raised $15 million. According to Fhenix on Tuesday, Hack VC led the round, with participation from Dao5, Amber Group, Primitive Ventures, GSR, Collider Ventures, and Stake Capital. Guy Itzhaki, the CEO
The overall crypto sector has initiated the month with struggles to break resistance beyond last month’s bullish momentum. Leading cryptocurrency Bitcoin is struggling to break resistance at $69K. Parallely, with increased volatility, Ethereum price also struggles to surpass key resistance levels, $3700 and $3800. Notably, the SEC’s approval of
Over the past year, Solana has displayed significant growth, attracting substantial capital inflows and rapidly climbing the market cap rankings. Further, Solana surpassed Binance’s BNB Coin in March, establishing itself as a key competitor to Ethereum. Despite Ethereum maintaining its dominance in the decentralized finance (DeFi) sector, anticipation surrounding the
The Ethereum ETF hype has shifted to anticipation of when these ETFs might hit the market, with Ethereum’s price expected to climb. Meanwhile, Toncoin continues its dark horse form with minor hindrances. Amid these developments, investors are turning to BlockDAG, a Layer 1 project with a stellar presale, as the
Since the spot Ether ETF products were approved by the US SEC, the balance of Ethereum (ETH) on centralized exchanges has been rapidly decreasing. Most traders get their hands on Ethereum and other cryptocurrencies through centralized trading platforms. Ethereum’s availability is already under jeopardy, as top market expert Ali Martinez
In a world where digital currencies continuously captivate the imagination, a quiet but significant manoeuvre has caught the attention of the crypto community. One of the most prominent Ethereum wallets has made a substantial swap, exchanging ETH for Retik Finance (RETIK), a DeFi token that recently skyrocketed into the top
While Ethereum works on maintaining its market position and Kaspa grapples with challenges from competitors like Alephium, BlockDAG has risen as a standout among top altcoins. Celebrated for its expansive global presence, with notable showcases in Tokyo, Las Vegas, and London, BlockDAG continues to impress with each new development update.
Bitcoin’s price has slipped today, while Ethereum continues to maintain slight positive momentum, sparking intense market discussions about the divergence between the two leading cryptocurrencies. A recent report from QCP Capital sheds light on the factors influencing these dynamics and highlights why analysts remain bullish on Ethereum. Bitcoin’s recent decline
