Author: driver789
Ethereum price is eyeing a breakout from the $2,400 resistance, which has capped the token’s gains over the past week. Summary Ethereum price is testing the $2,400 resistance after rebounding to $2,393, with repeated rejections keeping its price within a tight range. Technical indicators signal potential upside, with a looming MACD bullish crossover and Supertrend remaining in an uptrend since mid-March. ETF inflows ($101M) and declining exchange reserves (14.5M ETH, lowest since 2016) point to improving demand and reduced sell pressure. According to data from crypto.news, Ethereum (ETH) price rebounded 3.5% to $2,393 on May 4 before facing rejection at…
Ethereum whale activity has increased as large holders added more ETH over the past four days. Summary Ethereum whales added 140,000 ETH in 96 hours as price remained near $2,300. ETH must hold $2,200 support to avoid renewed pressure toward the $1,900 zone. A clean move above $2,400 may open Ethereum’s path toward $2,800 resistance. According to Ali Charts, whales accumulated over 140,000 Ethereum in 96 hours, worth about $322 million. The buying comes as ETH trades near $2,305.11. The asset recorded a 0.1% gain in 24 hours, while it remained down 1.04% over the past seven days. Daily trading…
Bitcoin failed to hold its weekend move near $79,000 as traders weighed the latest FOMC decision, U.S.-Iran tension, and mixed altcoin action. Summary Bitcoin rejected near $79,000 as traders stayed cautious after the Fed left rates unchanged again. Iran peace talks affected risk appetite, limiting Bitcoin’s follow-through despite support near $78,000 this week. XRP held its range while Algorand led altcoin gains with a strong daily advance. The wider crypto market stayed calm, while XRP held near $1.39 and Algorand led daily gains. Bitcoin traded near $78,402 after touching an intraday high of $78,963, according to live market data. The…
The Ethereum Foundation has completed another over-the-counter ETH sale to BitMine Immersion Technologies. Summary Ethereum Foundation sold 10,000 ETH to BitMine, marking its third OTC deal in two months. Community members questioned repeated ETH sales after the foundation also unstaked about $40 million in assets. The foundation says ETH sales support operations, grants, protocol research, and wider ecosystem development work. The move came as the foundation continued to face questions over its treasury activity, grant funding, and recent unstaking of ETH. The Ethereum Foundation sold 10,000 ETH to BitMine at an average price of $2,292 per coin. The deal was…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Ethereum Foundation has completed another over-the-counter sale of its ETH holdings, this time offloading 10,000 ETH to BitMine Immersion Technologies as the counterparty. The transaction follows a continuing pattern of structured selling that has defined the Foundation’s treasury activity in recent months. Ethereum Foundation Completes Third Deal With Bitmine In an X post on May 1, the Ethereum Foundation reports its latest transaction with Bitmine involving an OTC sale of 10,000 ETH. The announcement explains that proceeds from the sale are earmarked for the Foundation’s core…
Brazil’s central bank has banned electronic foreign exchange (eFX) providers from using stablecoins, bitcoin or other cryptocurrencies to settle overseas remittances.BCB Resolution No. 561, published April 30, updates rules for eFX, Brazil’s regulated system for digital international payments, purchases, withdrawals and transfers. The rule takes effect October 1, with adaptation deadlines running into 2027.Payments between an eFX provider and its foreign counterparty must move through a foreign exchange transaction or a non-resident real-denominated account in Brazil, with cryptocurrencies barred as an option.A remittance firm cannot take reais from a customer, convert the funds into USDT, USDC or bitcoin and settle…
Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and interpreting…
A16z has thrown its weight behind the Commodity Futures Trading Commission (CFTC) in a growing federal-state standoff over prediction markets, opposing state regulators that try to shut down platforms like Kalshi and Polymarket.The venture capital heavyweight submitted the letter on Thursday in response to the CFTC’s advance notice of proposed rulemaking on prediction markets. It argues that state-level crackdowns, ranging from cease-and-desist letters to criminal charges, are creating barriers that undermine the federal agency’s mandate to provide “impartial access to its markets and services.”In recent weeks alone, the CFTC has filed lawsuits against Illinois, Arizona, Connecticut, New York and Wisconsin,…
Prediction markets are shifting from one-off bets tied to major events into platforms driven by daily user engagement, according to a new report from Bitget Wallet in partnership with Polymarket.Trading volume on Polymarket reached $25.7 billion in March, but the report points to a deeper change in behavior. Based on activity from 1.29 million wallets in the first quarter, users are returning more often and participating across a wider range of markets, from crypto to sports to politics.The data suggest growth is being driven by frequency rather than trade size. More than 82% of users traded less than $10,000 during…
Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital…