Ethereum rollups, the layer 2 scaling structures, have started reaping the benefits of the recently applied Dencun upgrade. The update, which included EIP-4844, also known as Proto-Danksharding, has allowed transaction fees to decrease by 99% in some cases, with Arbitrum, Base, Optimism, and Starknet becoming cheaper across the board. Ethereum Dencun Upgrade Reduced Rollup Fees […] Source CryptoX Portal
Analysts from private wealth management firm, Bernstein have reaffirmed their previous Bitcoin prediction, emphasizing that the cryptocurrency has a greater chance to reach $150,000 by 2025. Bitcoin $150,000 Price Forecast Grows Stronger Bernstein analysts Gautam Chhugani and Mahika Sapra said in a note to clients on Monday that they were now more convinced of Bitcoin’s exponential surge to new all-time highs at around $150,000 by mid-2025. The analyst’s statements were a reiteration of their earlier Bitcoin forecast in November 2023, when they predicted the price of Bitcoin to surge to…
Marathon Digital Holdings CEO Fred Thiel predicts that the break-even point for Bitcoin mining will climb to about $43,000 following the upcoming halving event. This significant increase from the current industry average of $23,000 underscores the potential impact on miners’ profitability. Thiel shared these insights during a Bloomberg Television interview, highlighting the challenges and adjustments miners will face. Marathon Digital, a top U.S. Bitcoin mining company, is aggressively expanding its power infrastructure and deploying new equipment to mitigate the anticipated revenue drop from the halving. Thiel emphasized the company’s immediate…
As Bitcoin drops below $68,000, history suggests this correction is rather tame for bull markets, as plunges to this deep on-chain level have been the norm. Bitcoin Short-Term Holder Realized Price Is Currently Around $53,200 As pointed out by CryptoQuant Netherlands community manager Maartunn in a post on X, BTC still has a decent margin over the realized price of the short-term holders. The “realized price” is an on-chain metric that keeps track of the average price at which the Bitcoin investors acquired their coins. The indicator calculates this value…
In a recent analysis by JPMorgan, Bitcoin has surpassed gold in terms of investor portfolio allocation when adjusted for volatility. Nikolaos Panigirtzoglou, a managing director at JPMorgan, stated that Bitcoin’s (BTC) allocation is 3.7 times greater than that of gold, attributing this shift to the significant inflows into spot Bitcoin ETFs. Since the approval of these ETFs in January, over $10 billion has been invested, with the potential market size projected to reach $62 billion. JPM Securities predicts that the spot Bitcoin ETF market could expand to $220 billion within…
The Securities and Futures Commission (SFC) of Hong Kong is adding crypto exchange Bybit to its list of suspicious virtual trading platforms. In a new statement, the financial regulator warns investors that Bybit is an unlicensed virtual asset trading platform (VATP). “The SFC cautions investors against investing with unlicensed entities. Investors may risk losing their entire investment made with an unlicensed entity if it ceases operation, collapses or otherwise suffers from any misappropriation of assets. Seeking recourse against entities that do not have a nexus with Hong Kong is likely…
In a sentencing memo filed Friday, the Department of Justice’s Southern District of New York office wrote that Bankman-Fried “lied to investors,” shared fake documents and “pumped millions of dollars in illegal donations into our political system,” adding that a sentence of 40 to 50 years is “necessary,” alongside a recommended money judgement north of $11 billion and forfeiture. Source
In response, Aevo says customers suddenly traded more on its decentralized exchange to try to get some of its airdrop. Source
Institutions like Franklin Templeton are taking meme coins increasingly seriously this cycle. But will these joke-y projects run afoul of regulators? Source
COPA wants more. The organization, which was created to protect the open source network from threats, wants injunctions that would limit Wright from claiming to be Nakamoto again, asserting authorship of the Bitcoin whitepaper and pursuing more litigation against members of the crypto community. The injunctions are likely to be argued individually. Source