“Ethereum’s high costs and significant network congestion will cause it to take a backseat as Bitcoin-based projects, like Rune, will redirect meme coin hype to the Bitcoin ecosystem because of the novelty,” Lipinski said. “The BRC-20 (Ordinals NFT) standard is likely to be overtaken by Runes, which is expected to launch on the day of the halving.” Original
In a comprehensive analysis of the cryptocurrency market, the European Securities and Markets Authority (ESMA) has revealed the highly concentrated nature of crypto trading and the potential risks it poses to the broader financial ecosystem. The report, released on Wednesday, comes as the European Union prepares to implement the world’s first extensive regulatory framework for cryptoassets, dubbed MiCA. ESMA’s findings reveal that a mere ten exchanges oversee approximately 90% of all cryptocurrency trades, with Binance leading the pack with an astonishing 50% share in the market. The recent Finance Magnates…
The US Securities and Exchange Commission (SEC) has served a Wells Notice to Uniswap, a leading decentralized exchange (DEX). This pre-enforcement notice, a precursor to potential legal action, triggered a plunge in Uniswap’s native token, UNI. At the time of writing, UNI was trading at $9.37, down 16.2% in the last 24 hours, data from Coingecko shows. The crypto has also sustained a 15% loss in the last seven days. Uniswap Whales Seek Safer Shores The news of the SEC’s looming action acted as a fire alarm for Uniswap’s biggest…
The Bitcoin (BTC) price gained bullish momentum again, surpassing the $70,000 mark, while whale activity around the asset declined. BTC is up by 2.2% and is trading at around $71,000 at the time of writing. The flagship asset’s market cap is getting close to the $1.4 trillion mark — currently sitting at $1.398 trillion. BTC price, whale activity, RSI and active addresses – April 11 | Source: Santiment Moreover, Bitcoin’s daily trading volume increased by 5% and is hovering around $37.5 billion at the reporting time. The upward momentum comes…
In a recent analysis, Stanislas Bernard, the founder of Sinz 21st.Capital, delved into the complexities surrounding Hong Kong’s consideration to approve spot Bitcoin ETFs against the backdrop of China’s escalating economic crisis. With the nation grappling with a record debt-to-GDP ratio of 288% in 2023, and witnessing one of the most severe housing market collapses in three decades, the financial instability has triggered an unprecedented capital flight towards overseas markets. The Perfect Timing For A Spot Bitcoin ETF? Amidst these turbulent economic times, Hong Kong’s potential approval of spot Bitcoin…
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Hamas chief Ismail Haniyeh said the Palestinian group will not budge from its position on deadlocked ceasefire negotiations after Israeli forces killed three of his children and four of his grandchildren in northern Gaza on Wednesday. Haniyeh, who is based in Qatar, confirmed the deaths of his sons Hazem, Amir, and Mohammed, who he said had been visiting relatives for Eid al-Fitr, the celebration of the end of Ramadan, at Shati refugee camp when they were targeted. Hamas also said in a statement that four of Haniyeh’s grandchildren—Mona, Amal, Khaled,…
The crypto bull run in 2024 ranks among the strongest in Bitcoin’s history. What evidence supports this claim? Let’s find out. Following its surge to $73,750 on Mar. 14, Bitcoin (BTC) has entered a phase of price consolidation, trading within the $68,000 to $72,000 range in subsequent sessions. This surge has sparked discussions about whether the crypto bull run has started. The surge in Bitcoin’s price is closely linked to the upcoming BTC halving scheduled for Apr. 19-20. During this event, the block reward for miners will be halved from…
BNB price is attempting a fresh increase from the $575 zone. The price is up over 5% and the bulls seem to be aiming for a move above $620. BNB price started a fresh increase after it found support near the $575 zone. The price is now trading above $600 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $587 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair could gain bullish momentum if it…
Bitcoin is stable as Asia begins its trading day, but crypto quant shop sees risk assets pricing in two, not three rate cuts. Source