Ethereum Breaks 8-Year Resistance Against Bitcoin, Needs Confirmation On The 2W Timeframe

Ethereum has staged a strong performance over the past 24 hours, with its price rallying close to its previous all-time high. According to data from CoinGecko, ETH climbed as high as $4,837, just a touch below its 2021 peak of $4,878. The surge came after Federal Reserve Chair Jerome Powell’s speech at Jackson Hole, where he hinted that long-awaited rate cuts might be coming soon.  Interestingly, Ethereum is not only performing well against the dollar but also against Bitcoin, where technical analysis shows a long-awaited structural trendline appears to be…

Bitcoin daily transaction fees hit lowest since 2011

Bitcoin transaction fees have plummeted to their lowest levels in over a decade, as social sentiment around Federal Reserve rate cuts reaches a fever pitch, raising questions about market sustainability. Summary Bitcoin fees fall to lowest levels since 2011 at 3.5 BTC daily average Fed rate-cut hype hits 11-month high, echoing past euphoric market tops Exchange BTC balances up 70K since June, signaling possible sell pressure According to Glassnode data, daily transaction fees on the Bitcoin (BTC) network (14-day SMA) recently dropped to 3.5 BTC. This is the lowest level…

One Year After Pavel Durov’s Arrest: What’s Ahead?

One year has passed since the arrest of Telegram CEO and co-founder Pavel Durov, sparking outrage from free speech activists and concern over the future of platform moderation. On Aug. 24, 2024, Durov was arrested at the Paris-Le Bourget Airport in Paris, France as part of an investigation by the French National Judicial Police. The 12 charges later filed against him claim that he is complicit in serious crimes committed by users on his platform. Durov has expressed confusion and frustration about the case in recent interviews. Free speech advocates…

VanEck’s New Spot Solana ETF Filing, Leveraging JitoSOL As Backbone

On Friday, VanEck, asset manager and cryptocurrency exchange-traded fund (ETF) issuer, announced a new filing for a spot Solana ETF backed by JitoSOL with the US Securities and Exchange Commission (SEC). This marks a significant change from other crypto ETFs as it would be the first fund to utilize a liquid staking token. A New Era For Liquid Staking? JitoSOL functions as a liquid staking token on the Solana blockchain, representing both staked SOL and the rewards associated with it. This structure allows users to stake their SOL through the…

Dogecoin Price Technicals Confirm Support, Mid-Term Target Now $1.85

Technical analysis shows Dogecoin is about to confirm a support on the weekly candlestick timeframe chart after managing to hold up above $0.21 in the past week. After several weeks of mixed sentiment between bulls and bears, Dogecoin’s price action now seems to be shifting in favor of buyers, and price action on the weekly timeframe is now showing a convincing bullish setup.  This trend was highlighted in a technical analysis from TradingView analyst MasterAnanda, who noted that Dogecoin’s confirmation above some exponential moving averages is key to a midterm…

The Future Of Crypto In Asia-Middle East

Opinion by: Dipendra Jain, co-founder of TCX Regulation has become the baseline for crypto. From the United States’ regulatory enforcement to Dubai’s comprehensive crypto rulebook and India’s renewed debate on formalizing Bitcoin reserves, governments are rewriting the rules of digital finance. As listed institutions, retailers and social networks weigh in on digital asset rails, stablecoins and yield mechanisms, the real story is no longer what’s next, but who is building what comes next.  Speculation once drove adoption, but structured compliance catalyzes scale across the Asia-Middle East corridor. Hubs like the…

Ripple’s XRP Breaks Into Top 100 Global Assets With $180 Billion Market Cap

Ripple’s XRP has officially broken into the top 100 global assets by market capitalization, a milestone that places it alongside some of the world’s most valuable companies like Shopify, Intuit, and Deutsche Telekom.  According to the latest data, XRP holds a market cap of around $181.2 billion at a price of $3.02 per token, ranking it above 100th on the global leaderboard. More notably, XRP has managed to join this exclusive list without the backing of a regulated spot ETF in the United States, unlike its crypto counterparts Bitcoin and…