[ad_1] A recent survey conducted by blockchain software technology company ConsenSys, reveals the importance of pro-crypto voters in shaping the regulatory landscape as the 2024 US presidential election approaches. Amid ongoing regulatory scrutiny from the US Securities and Exchange Commission (SEC), the survey reveals critical insights into voter sentiment and preferences between former President Donald Trump and current Vice President Kamala Harris. Crypto Owners’ Intent To Shape Election Outcomes According to the survey, 92% of crypto owners intend to vote in the upcoming election, showcasing the significant influence that digital asset voters can exert on policy decisions after the elections…
Author: dfrancis36
[ad_1] Este artículo también está disponible en español. Crypto analyst Ali Martinez has suggested that the Bitcoin crash might not be over despite the relief rally to $61,000. The analyst highlighted the $60,365 price level as being important to avoid a potential crash to as low as $57,000. Bitcoin Needs To Hold Above This Price Level To Avoid Crash Martinez stated in an X post that $60,365 is a key price level to watch for Bitcoin. He claimed a break below this could cause the flagship crypto to fall to $57,420. However, if it holds above this level, the analyst…
[ad_1] Bitcoin is experiencing increased volatility after a recent dip to $60,000, a critical level it currently holds above. Following the Federal Reserve’s interest rate cut announcement, Bitcoin’s price surged aggressively but is now retesting key demand levels, likely determining its next target. According to data from Glassnode, there has been a clear improvement in Short-Term Holder profitability throughout the recent rally. This has relieved investors who bought BTC during the price run-up, as many are now back in profit. Despite this positive data, uncertainty lingers in the market, with concerns of a deeper correction. The short-term outlook remains uncertain…
[ad_1] The XRP price has registered a notable drop during the past day as on-chain data shows the whales have been making transactions to exchanges. XRP Has Witnessed A Sharp Drop Over The Last 24 Hours The cryptocurrency sector has been observing bearish winds recently, with the drawdown deepening across the market during the past day. Most of the top coins, though, have managed to limit their losses, except for XRP, which has notably underperformed. The below chart shows how the coin’s recent trajectory has looked like. Following the 14% drop in the last 24 hours, XRP has come down…
[ad_1] Crypto startup Lejilex and the United States Securities and Exchange Commission (SEC) are engaged in a legal battle over the classification of cryptocurrencies. Both parties have submitted competing briefs for summary judgment in a Texas federal court. Lejilex, which is part of the Crypto Freedom Alliance of Texas, filed its brief on October 3. The company argues that it intends to facilitate crypto transactions and not to sell securities. In its filing, Lejilex accuses the SEC of overstepping its regulatory authority. SEC Defends Stance on SecuritiesIn its brief, Lejilex contends that the SEC seeks to broadly classify asset sales…
[ad_1] On Wednesday, the US Securities and Exchange Commission (SEC) officially initiated an appeal process against the final ruling in the case against Ripple Labs. The specific grounds of the SEC’s appeal remain undisclosed so far, leaving the XRP community in the dark. However, pro-XRP lawyer Bill Morgan has clarified via X that the secondary market status of XRP, e.g. its sale on crypto exchanges in the US, is not up for debate. XRP Status On Secondary Market Is Safe Morgan highlights the distinction between different types of sales, emphasizing the nature of those that were contested in court. “There…
[ad_1] On-chain data shows the Bitcoin miner exchange inflows have been dropping recently, a sign that may be bullish for the asset’s price. Bitcoin Miner Exchange Inflow Has Been Declining Recently As explained by CryptoQuant author Axel Adler Jr in a new post on X, miners have gradually been reducing their exchange inflows recently. “Exchange inflows” here naturally refer to transactions heading to wallets attached to centralized exchanges from self-custodial addresses. In the context of the current topic, the exchange inflows made by miner-related wallets specifically are of interest. Generally, the main reason why miners transfer to these platforms is…
[ad_1] On-chain data shows the Bitcoin short-term holders have recently moved over 14 times as much profit volume as the loss one. Bitcoin Has Plunged As Short-Term Holders Have Been Realizing Gains According to the latest weekly report from Glassnode, the short-term holders have started taking profits again recently. The on-chain indicator of relevance here is the “Realized Profit/Loss Ratio,” which, as its name implies, tells us about how the profit and the loss volumes being moved by Bitcoin investors currently compare. When the value of this metric is greater than 1, it means the average holder on the network…
[ad_1] A widely followed cryptocurrency analyst and trader is highlighting one memecoin that he believes possesses more upside potential while offering his insights on layer-1 altcoin Sui (SUI). The analyst pseudonymously known as Bluntz tells his 278,500 followers on the social media platform X that the feline-inspired memecoin, Simon’s Cat (CAT), “looks finally ready for the next leg higher.” According to the analyst who regularly applies the Elliott Wave theory in his technical analysis, CAT has completed a three-wave correction to the downside in the four-hour time frame and has enjoyed a “few days of accumulation.” The Elliott Wave theory…
[ad_1] Este artículo también está disponible en español. Aptos (APT) soared over 10% in the last 24 hours following Aptos Labs’ acquisition of HashPallete. The token is leading the market after becoming the largest gainer among the top 100 cryptocurrencies by market capitalization. Related Reading Aptos To Expand Its Presence In Asia On Thursday, Aptos Labs, the developer of the Aptos network, announced it had agreed to acquire the Japanese Blockchain developer HashPallete, the company behind Japan’s Palette Chain and a subsidiary of HashPort Inc. The agreement aims to become a “game changer for Japan and the Aptos ecosystem” as…