Vitalik Buterin, the co-founder of the Ethereum blockchain, has previously written about the different types of provers, arguing that the benefit a Type 1 prover is that it is perfectly compatible with Ethereum, while the disadvantage is that there’s a lot of computation power that goes into producing ZK-proofs that are compatible with Ethereum, taking up to hours to produce. Source
The recently launched spot bitcoin ETFs, excluding Grayscale’s GBTC, added nearly another 5,000 tokens to their holdings Wednesday, and now at more than 192,000 BTC, own more of the crypto than MicroStrategy (MSTR), whose total stood at 190,000 as of the end of January. Original
On-chain data shows an Ethereum metric is giving a bullish signal as the cryptocurrency’s price has broken past the $2,400 barrier during the past day. Ethereum Has Continued To Leave Exchanges Recently In a CryptoQuant Quicktake post, an analyst explained the recent relationship between the Ethereum price and data of the exchange netflow indicator. The “exchange netflow” here refers to a metric that keeps track of the net amount of the asset entering or exiting out of the wallets of all centralized exchanges. The indicator’s value is calculated by subtracting…
A practical, unbiased, and proven approach could classify bitcoin as another building block in institutional investors’ portfolios. Original
Looking further ahead, Thielen forecasted further upside for bitcoin based on Elliott Wave theory, a technical analysis that assumes that prices move in repetitive wave patterns. Price trends develop in five stages, according to the theory, of which waves 1, 3, and 5 are “impulse waves” representing the main trend. Waves 2 and 4 are retracements between the impulsive price action. BTC completed its wave 4 retracement by correcting to $38,500, according to Thielen, and has now entered its last, fifth impulsive stage of this uptrend targeting $52,000 by mid-March.…
Bitcoin surged to $45,435, marking a 5.3% increase in a day and a 6.3% rise over the week, as per CoinMarketCap data. This upward trajectory brings the cryptocurrency past the $45,000 threshold, a figure last seen in the wake of the U.S. Securities and Exchange Commission’s (SEC) landmark approval of spot Bitcoin ETFs. The enthusiasm around Bitcoin’s (BTC) price hike is further amplified by the significant trading volume observed in spot Bitcoin ETFs, which exceeded $1 billion yesterday, with BlackRock and Fidelity leading the charge, according to Bloomberg’s James Seyffart.…
The Shiba Inu (SHIB) price has emerged from a persistent downtrend that dominated the past two months. A detailed analysis of the daily and weekly (SHIB/USD) charts indicates a series of critical technical factors that are currently influencing SHIB’s price movements. Shiba Inu Bulls Take Over On the daily chart, SHIB has broken through the upper boundary of the descending channel pattern that had been in place since the high at $0.00001193 reached in mid-December last year. This channel, characterized by lower highs and lower lows, had been containing the…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Spot Bitcoin ETFs have attracted over $1.55 billion since Jan. 11. Solana (SOL) and NuggetRush (NUGX) are also receiving strong investor support, with $13 million added to Solana products and over 170 million NUGX sold during the presale. Spot Bitcoin ETF inflows top $1.55 billion A recent analysis by Crypto.com Research highlighted two advantages of spot Bitcoin ETFs – cost-effectiveness and asset diversification. As a result, there has been…
“Breaking $45,000 allows early investors who piled on the bitcoin ETF to be almost in the money, if we continue this ascent we may even see some profit taken and could trigger a reversal where the $42,000/$40,000 level may be tested,” said Laurent Ksiss, crypto ETP specialist at CEC Capital. Original
Chainlink (LINK) has traders buzzing as its price has been up by 40% since the last week of January, massively outpacing the broader cryptocurrency market. Amidst this price spike, mysterious whale wallets have been topping up their holdings, as evidenced by on-chain data. According to blockchain tracker Lookonchain, there’s been a massive outflow of LINK from crypto exchange Binance in the past two days, particularly with 49 new wallets receiving 2,745,815 LINK within this timeframe. Massive LINK Accumulation Occurs On Binance Before Withdrawal Details from Binance point to an ongoing…