[ad_1] Top US crypto exchange Coinbase has added a yet-to-be-launched Ethereum (ETH) restaking project to its roster of potential upcoming listings. In an announcement, Coinbase says that it has added EigenLayer (EIGEN) to its listing roadmap, which the exchange uses for transparency and to prevent insider trading on coins prior to them being listed. EigenLayer aims to provide restaking services for ETH stakers. Users that stake ETH can opt in to EigenLayer and rehypothecate their coins on its network to use for other applications. The advent of restaking and other liquid staking derivatives allows users to stake their coins without…
Author: dfrancis36
[ad_1] 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…
[ad_1] The market performance of the spot Bitcoin ETFs (exchange-traded funds) in the United States has been impressive over the last few weeks. Continuing their excellent streak, the crypto investment products closed the previous trading week with their best single-day performance in almost four months. The positive investor sentiment surrounding the spot ETFs seems to have also bubbled into the Bitcoin and the general crypto market, which has recovered well from an early price slump in September. US Bitcoin ETFs Post Nearly $500 Million In A Single Day On Friday, September 27, the US spot Bitcoin ETF market registered a…
[ad_1] Veteran trader Peter Brandt says that Dogecoin (DOGE) is set for more upside price action after printing a textbook breakout pattern. Brandt tells his 741,000 followers on the social media platform X that DOGE is in the middle of breaking out from a nearly seven-month-long downward channel. The trader also says that DOGE looks good on the long-term time frame as well. He shares a chart suggesting that DOGE found solid support at the $0.05 level during the bear market and is getting ready for another leg up after cooling off from its breakout in March. “Channel breakout in…
[ad_1] Este artículo también está disponible en español. Bitcoin has been on an incredible price momentum for the past two weeks. This momentum, which took many by surprise, saw Bitcoin breaking above the psychological $65,000 price level again. According to price data, Bitcoin traded as low as $52,820 on September 6. Related Reading Its recent rebound to $66,300 indicates that the king of cryptocurrencies has recovered substantially by 25.5% in two weeks. According to Coinglass data, this marks the biggest gains recorded by Bitcoin in September since 2013. Yet, despite this impressive rally, a significant number of traders continue to…
[ad_1] Top US-based crypto exchange Coinbase believes digital assets are just warming up for big rallies in the months ahead. In a new research report, Coinbase Institutional says the recent change in the macroeconomic backdrop suggests that Bitcoin (BTC) and crypto are primed for a Q4 surge. Coinbase says the Fed and the People’s Bank of China (PBOC) are now pursuing looser monetary policies – conditions that have historically been supportive of higher crypto prices. “Looking ahead, we retain a constructive outlook for 4Q24 mostly predicated on our favorable view of the current macro environment, alongside the idiosyncratic factors listed…
[ad_1] BONK is currently facing turbulent waters as a sharp decline casts a shadow over its recent price performance. After a period of impressive gains, the recent downturn is raising concerns about an impending correction, with mounting selling pressure suggesting that the bullish momentum may be waning. As the market sentiment shifts, the crypto community is left wondering how low BONK could go and whether it can regain its footing. With uncertainty in the air, this analysis aims to analyze the recent sharp decline of BONK and explore the implications for its future price action. By examining key technical indicators,…
[ad_1] In a forward-looking analysis, Dennis Porter, market expert, CEO, and co-founder of the Satoshi Action Fund, highlights a compelling partnership between Bitcoin and artificial intelligence (AI). In a recent social media post, Porter argued that as these two technologies evolve, they will complement each other unprecedentedly, particularly in energy management and financial transactions. How Bitcoin Can Boost AI Capacity And Profits Porter explains that one of the most significant aspects of this potential collaboration is the energy interaction between BTC mining and AI operations. Porter reports that in the United States, miners are actively investing in electrical infrastructure, including…
[ad_1] PEPE is approaching a pivotal moment as it tests the $0.00001152 level, a critical junction that could shape its next direction. A breakout above this key resistance may spark renewed bullish momentum, driving the price higher. However, failure to surpass this level could lead to a rejection, potentially pushing the meme coin into a retracement phase. As traders focus on this pivotal resistance, this analysis will explore the likelihood of a breakout versus a potential rejection by analyzing PEPE’s current price action as it approaches the critical $0.00001152 resistance level. Key technical indicators, market sentiment, and trading volume will…
[ad_1] XRP aficionados are ecstatic when market analyst EGRAG predicted an 888% increase in the cryptocurrency’s value. This optimism isn’t just wishful thinking; it’s based on trends seen on XRP’s one-month chart that mirror the cryptocurrency’s rapid success in 2017. As XRP struggles to reclaim prior highs, many traders wonder if this is the beginning of another bull run. EGRAG’s chart analysis shows that XRP almost touched the red rising support line four times. The pattern is similar to the price movements this currency experienced during the 2017 bull run as XRP popped from a value of $0.003 to a…