Month: September 2024

AI and on-chain chat for smart web3 interaction

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Coin98 Super Wallet V15 combines AI-powered assistance and on-chain chat features to offer users a seamless and secure web3 interaction experience, making it a top contender in the crypto wallet space. Crypto wallets are a dime a dozen with new projects cropping up every few months. There are several to choose from, and crypto enthusiasts are often left wondering which ones are best for their personal needs. With different…

Ethereum ETFs See Largest Outflows Since July: Is Waning Institutional Demand Hurting ETH?

boss

Ethereum (ETH) exchange-traded funds (ETFs) posted the largest outflows since July 2024, with $79.2 million leaving the market on Monday, according to data from SoSoValue. Ethereum ETFs Continue To Underperform Despite the highly-anticipated and strong start for Ethereum ETFs in July 2024, the latest crypto-based ETFs have, thus far, failed to sustain institutional interest. The latest data from crypto ETF tracker SoSoValue shows that ETH ETFs witnessed a daily total net outflow of $79.2 million on September 23. Upon closer inspection, it appears that the bulk of the outflows originated…

Ethereum Price Poised for a Comeback: Can It Break $2,700?

Este artículo también está disponible en español. Ethereum price is holding gains above the $2,650 resistance. ETH is now consolidating gains and might aim for more gains above $2,700. Ethereum is aiming for more upsides above the $2,700 resistance. The price is trading above $2,620 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with support at $2,620 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $2,600 support to continue higher in the near term. Ethereum Price Eyes…

Binance Helps Indonesian Authorities Recover Funds in Crypto Fraud Bust

Crypto exchanges Binance and Tokocrypto collaborated with Indonesian law enforcement to crack down on a crypto scam, seizing $200,000 in stolen assets. “During the investigation, multiple individuals involved in managing the accounts that received the stolen funds were arrested,” Binance stated. Binance and Tokocrypto Help Bust Major Crypto Fraud in Indonesia Crypto exchange Binance announced […] Source CryptoX Portal

Bitcoin Price Targets Higher Levels: Can the Momentum Hold?

boss

Este artículo también está disponible en español. Bitcoin price is again rising above the $63,800 resistance. BTC could gain pace if it clears the $64,750 resistance zone and then $65,000. Bitcoin is aiming for more gains above the $64,800 zone. The price is trading above $63,650 and the 100 hourly Simple moving average. There was a break above a short-term contracting triangle with resistance at $63,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend gains if it breaks the $64,750 resistance zone.…

Crypto Pundit Reveals Why $100,000 Is The Nominal Price Level For 2025

boss

Este artículo también está disponible en español. Optimism about the Bitcoin future outlook remains strong, with a crypto analyst forecasting a massive $100,000 price increase for the pioneer cryptocurrency. With expectations of an even greater price surge, the analyst believes that a $100,000 ATH for Bitcoin in 2025 is a nominal price target. Why Bitcoin Will Rise To $100,000 In 2025 Luke Broyles, a prominent crypto analyst and Bitcoin enthusiast recently dived into a discussion about the relationship between Bitcoin’s price and inflation, specifically how the United States (US) inflation…

BNY Mellon targets crypto ETF custody post-SAB 121 review

Following an exemption from an SEC staff accounting bulletin, BNY Mellon edged closer to Bitcoin and Ethereum custody. Bloomberg reported that BNY Mellon was poised to provide crypto custodial services for spot Bitcoin (BTC) and spot Ether (ETH) exchange-traded funds on Wall Street. According to the report, America’s oldest banking house moved closer to crypto ETF custody after a review by the Office of the Chief Accountant at the U.S. Securities and Exchange Commission. The review, which seemingly granted BNY Mellon a Staff Accounting Bulletin 121 (SAB 121) exemption, means…

Bitcoin MVRV Ratio Is At A Critical Retest: Can Bulls Triumph?

boss

On-chain data shows the Bitcoin Market Value to Realized Value (MVRV) Ratio of the short-term holders is currently making a retest that could prove significant for BTC’s price. Bitcoin STH MVRV Ratio Is Retesting Its 155-Day MA Right Now As explained by on-chain analyst Checkmate in a new post on X, the short-term holder MVRV Ratio breaking above its 155-day moving average (MA) could lead to bullish action for Bitcoin. The MVRV Ratio is a popular indicator that, in short, keeps track of how the value held by the BTC…

Blackrock’s Head of Crypto Sees Bitcoin as ‘Risk Off’ Asset Despite Stock Correlation

boss

Blackrock’s digital asset chief sees bitcoin as a “risk-off” asset even though it has shown a pattern aligned with U.S. stocks. He drew parallels between bitcoin and gold, pointing to its decentralized structure and limited supply as crucial factors setting it apart. Blackrock’s increasing engagement with bitcoin is also reflected in the strong performance of […] Original

Lawmakers Question SEC Over Disruptive Crypto Custody Rules

Congressional leaders are pressing regulators over concerns that the U.S. Securities and Exchange Commission (SEC)’s new guidelines on digital asset custody could disrupt financial innovation and regulatory collaboration. Lawmakers question whether the SEC acted prematurely, potentially jeopardizing efforts to safeguard digital assets through coordinated agency work. They demand more transparency on the SEC’s actions and […] Source BitcoincryptoexchangeExchanges CryptoX Portal