The Dencun upgrade was seamlessly integrated into the Ethereum mainnet at 9:55 Eastern Time (ET) on March 13, 2024. The upgrade officially went live at Beacon slot 8626176. Ethereum’s Leap Forward with Dencun Upgrade Expected to drastically lower the transaction costs for layer two (L2) networks, Dencun introduces vital improvements aimed at boosting Ethereum’s scalability. […] Source CryptoX Portal
XRP has demonstrated significant strength for a while now, securing its spot as one of the best-performing cryptocurrency assets by market cap, after surging to its highest level since November. XRP To Yield Gains From April Rally The crypto community is buzzing about XRP’s latest price spike as several analysts predict the surge will be the start of the eagerly anticipated rally. With a 50% rise from $0.50 on Monday, March 11, to a weekly high of $0.75, it got off to a great start this week. Cryptocurrency analyst and…
Spot bitcoin (BTC) exchange-traded funds could see $220 billion of inflows over the next three years, which means BTC’s price could quadruple to $280,000 when applying the multiplier on new capital, broker JMP Securities said in a research report Wednesday. JMP analysts said crypto exchange Coinbase (COIN) remains well-positioned if their inflow estimates prove to be correct. The broker raised its price target on the stock to $300 from $220, the highest among Wall Street analysts, according to Factset data, while maintaining its market outperform rating. Coinbase shares were trading…
Bitcoin open interest signaled higher price expectations from investors, but one analytics firm opined a possible market correction amid historic spot ETF net inflows. According to SoSo Value, Bitcoin (BTC) futures open interest reached a new all-time high (ATH) of $33.9 billion on March 13 as the cryptocurrency set another ATH. The landmark moment for BTC contract holdings came as the $1.4 trillion asset hit a $73,637 price tag, per CoinMarketCap. BTC futures open interest | Source: SoSo Value BTC contract positions leapfrogged the previous peak of $23 billion recorded…
How a Bitcoin Mixer Laundering Conviction Might Be Appealed Original
Why? Because 1) PBs are emerging as a major player and lender in crypto markets and2) The current lending standards of PBs are tight, largely lending to low drawdown strategies (like delta-neutral), and presents low systemic risk. But, 3), if expected returns of delta-neutral strategies decline, then PBs may move out the risk curve in terms of who they are willing to lend to and what services they offer, which could brew systemic risk. Source
One analyst projects Bitcoin to rise to $100,000 in the second half of the year, while the outlook for the spot Ethereum ETF is not as optimistic. A macroeconomist under the pseudonym Luxon shared expectations similar to those of journalist Colin Wu. The expert added that American investment giants could invest 1-3% of their assets under management (AUM) in Bitcoin (BTC). This is due to the postponement of the Federal Reserve’s rate reduction from May to June or later and the gradual implementation of institutional plans to invest in BTC.…
He also argued that COPA’s witness Patrick Madden’s evidence was inadmissible due to his ties with COPA. Madden had testified that many of Wright’s reliance documents had been altered “often with the apparent purpose of supporting his claims,” a court document seen by CoinDesk showed. Source
The rise of Bitcoin may tempt investors to ask “Why Not 100% Bitcoin?” Here’s why. Source
Ethereum is currently looking to gain a strong footing above the $4,000 price level as bullish momentum continues to dominate. According to crypto analyst Ali Martinez, this bullish momentum could continue and Ethereum could as well reach $5,000 very soon. Ali Martinez made this known while citing data from IntoTheBlock, noting that the second biggest cryptocurrency still has room to run to $5,000, albeit a small resistance around $4,522 to $4,646. Ethereum Path To $5,000 Looks Increasingly Clear As Resistance Dwindles Ethereum’s momentum has been building for weeks amidst a…