Author: driver789
Ethereum price rallied nearly 5% to reclaim the $2,400 mark on Wednesday amid a broader market rebound as crude oil prices fell. Summary Ethereum price rose nearly 5% to reclaim $2,400, supported by easing oil prices and a broader market rebound. Spot Ethereum ETFs recorded a ninth straight day of inflows, totaling over $530 million, signaling sustained institutional demand. Futures open interest climbed to $32.7 billion with bullish positioning rising, while ETG=H price nears a breakout from an ascending triangle pattern targeting $3,076. According to data from crypto.news, Ethereum (ETH) price rose 4.8% to $2,402 on April 22, extending its…
BTC price stalls at $78,000 as traders brace for liquidation-driven breakout: Crypto Markets Today
The crypto market is on the brink of a major breakout with bitcoin BTC$78,258.81 trading at $78,000, the level it failed to breach on Friday and a price it has not topped since January.A break above this level would trigger upside momentum to $80,000 as $180 million worth of futures positions are due to be liquidated between $77,000 and $78,000, according to CoinGlass’ liquidation heatmap.However, there is also a $71 million long position that will be liquidated if the price fails to gain and descends back below $77,300, creating a defensive trading environment on both sides.The market is higher after…
As Dogecoin (DOGE) consolidates below a key area, some analysts suggest that the market’s recent bullish momentum and whale accumulation could push the memecoin’s price above a crucial resistan level soon. Related Reading Dogecoin Big Price Move Faces Strong Resistance On Tuesday, Dogecoin continued to move sideways between the $0.093-$0.096 price range after failing to break above a crucial resistance level. Amid last week’s market pump, the leading memecoin broke out of the $0.096 barrier for the first time in two weeks, briefly touching the $0.10-$0.102 resistance on Friday. Market analyst Ali Martinez suggested that DOGE is preparing for a…
New York Sues Coinbase And Gemini Over Alleged Illegal Prediction Market Gambling Operations
New York Attorney General Letitia James has filed lawsuits against Coinbase Financial Markets and Gemini Titan, alleging that both companies operate illegal gambling platforms through prediction markets available in New York. The lawsuits claim that Coinbase and Gemini allow users to place bets on outcomes of events including sports games, entertainment awards, and elections. According to the complaint, these markets function as gambling under New York law because users risk money on uncertain outcomes outside their control. Attorney General James stated that the platforms operate without licenses from the New York State Gaming Commission. The state requires licensing for gambling…
Crypto protocols have warned that an increase in AI use has led to a flood of bogus bug bounty submissions, putting a strain on teams trying to identify real threats to their protocols. Bug bounties are a system to reward “good” hackers for submitting reports about potential vulnerabilities and are popular in the crypto industry. AI has now made it easier to sift through large amounts of code to find possible bugs, though AI is also known to hallucinate. “AI is changing the way that bug bounty programs must operate,” said Barry Plunkett, co-CEO of Cosmos Labs, on Tuesday, responding to a…
Bitcoin’s Coinbase premium just posted its strongest bullish signal since October’s record price of $126,000
There is a popular indicator that crypto pundits watch closely for cues on whether U.S.-based investors, especially institutions, are actually buying bitcoin BTC$78,010.28 or sitting on sidelines watching the market. It is called the Coinbase premium index and as of now it is flashing the most sustained bullish signal since bitcoin traded at record highs above $126,000 in October. This index has been positive for 14 consecutive days, from April 9 through today, April 22, according to data source Coinglass. That is the longest unbroken stretch of positive readings since October. Bitcoin’s Coinbase premium. (Coinglass)Here is why it mattersThe Nasdaq-listed…
Bitcoin miners dumped a record 40,000 BTC in the first quarter of this year — more than the entirety of 2025 combined and well above the 20,000 BTC sold in the panic following the Terra collapse in mid-2022. That number sits quietly beneath the surface of what otherwise looks like a recovering market. Related Reading Miners Signal Trouble Even As Prices Climb The sell-off came as mining difficulty dropped 2.4% to 135 trillion, while network hashrate climbed back from roughly 978 exahashes per second to 992 EH/s this month, according to data from Glassnode. When producers sell at record pace…
Revolutions leave behind artifacts. In the summer of 2011, a painter named Alex Schaefer set up an easel on a sidewalk in Van Nuys, California, and began painting the Chase Bank branch across the street. In his mind, the building was on fire — flames pouring from the windows, black smoke rising over the palm trees, the Chase logo still legible through the heat. He worked en plein air, the way the Impressionists had worked the Seine and the hay fields, except the subject was a branch of the largest bank in America three years after it had been bailed…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum is holding its ground as the broader market consolidates, with the price sitting just above $2,332 after modest gains of 1.66% over the past 24 hours and 3.35% over the past week. The moves are not dramatic, but the structure building beneath them may be more significant than the price action suggests. A GugaOnChain analysis is identifying a shift in institutional behavior that changes how the current consolidation should be read. The analysis tracks three distinct address categories on Binance — accumulating addresses, stable whale addresses,…
A senior US military commander has lauded Bitcoin as a “valuable computer science tool,” arguing its usefulness extends beyond monetary applications and can support US national security interests.“It is a valuable computer science tool, as a power projection,” Admiral Samuel Paparo said at a Senate Armed Services Committee hearing on Tuesday, adding that Bitcoin’s proof-of-work technology “imposes more cost” on attackers attempting to compromise the network:“Outside of the economic formulation of it, it has got really important computer science applications for cybersecurity.”The Senate hearing looked into the strategic posture of US forces in Indo-Pacific, including ongoing conflicts in Ukraine and…