[ad_1] Bitcoin led the investment charge last week, accumulating over $1.97 billion in inflows, while Ether experienced its strongest week since March, attracting nearly $70 million in inflows. Expectations are mounting among some traders regarding continued buying activity in Ether-tracked products, with projections of the asset reaching the $10,000 price level by 2024. In a report released on Monday, asset manager CoinShares revealed that crypto investment products amassed nearly $2 billion in inflows last week, extending a five-week streak to over $4.3 billion. Trading volumes in exchange-traded products (ETPs) surged to $12.8 billion for the week, marking a 55% increase…
Author: dfrancis36
[ad_1] Bitcoin & Beyond is an educational series by the team at The Rollup focused on a new and emerging class of builders in the Bitcoin ecosystem. Through spaces, panels, and interactive presentations, the objective is to provide deep technical insights into innovative scaling projects.In this episode, the crew discusses building Bitcoin’s first ZK (zero-knowledge) rollup with Orkun from Citrea. Rollups are a new technology that promises to enhance Bitcoin’s utility, allowing for different scalability improvements while preserving the security of the Bitcoin infrastructure. “A rollup is a blockchain that uses another blockchain as the data availability layer,” Orkun says…
[ad_1] A closely followed crypto analyst is listing five altcoins he believes are showing strength despite the choppy market conditions. Pseudonymous crypto trader Altcoin Sherpa tells his 217,200 followers on the social media platform X that layer-1 protocol Injective (INJ), cross-chain protocol Wormhole (W), data democratization project JasmyCoin (JASMY), Bitcoin (BTC) layer-2 scaling solution Stacks (STX) and layer-1 blockchain Toncoin (TON) all look bullish amid a generally range-bound market. “Eyes on these for active trades, a lot of stuff looks like cr*p right now.” According to the analyst, Wormhole is one of his top picks. However, he warns that it’s still…
[ad_1] Renowned market expert Michael Van de Poppe has recently shared his insights on the current state of the cryptocurrency market, highlighting potential breakout opportunities for altcoins. As the largest cryptocurrency on the market, Bitcoin (BTC), consolidates in a price range between $67,000 and $70,000, Van de Poppe’s latest market update suggests that this may be the ” final time” to invest in altcoins before a potential breakout. Altcoins Analysis In a series of social media posts, Van de Poppe analyzes specific altcoins, including Sui (SUI), Chainlink (LINK), Floki Inu (FLOKI), Fantom (FTM), and Polkadot (DOT), offering valuable insights for…
[ad_1] One in four Americans own Bitcoin.That’s more Americans than are over the age of 65, but how often do you hear candidates talk about senior concerns compared to concerns of crypto owners? President Donald Trump has been making a concerted effort in the 2024 campaign trail to appeal to Bitcoiners. At the recent Libertarian National Convention, President Trump vowed to “stop Joe Biden’s crusade to crush crypto,” and assured Bitcoin holders specifically that he supports the right to self-custody.“I say this with your vote, I will keep Elizabeth Warren and her goons away from your Bitcoin, and I will…
[ad_1] The Bitcoin on-chain metrics continue to show bullish signs that a parabolic breakout is imminent for the flagship crypto. The latest of these metrics is a significant turnaround in Bitcoin’s network activity, which could further provide bullish momentum for the crypto token. Bitcoin Sees Surge In Network Activity Crypto analyst Ali Martinez revealed in an X (formerly Twitter) post that the number of daily Bitcoin addresses had broken a downtrend that began on March 5. He added that 756,480 Bitcoin addresses have been active in the last 24 hours. Martinez claimed this development is a “positive sign” that Bitcoin’s…
[ad_1] Cryptocurrency custody firm Fireblocks has announced a partnership with Coinbase International Exchange, the non-U.S. division of Coinbase Global Inc. (NASDAQ:COIN), to provide more secure trading features for institutional and retail clients in eligible jurisdictions, the companies reported on Monday. Through this partnership, Fireblocks customers can now link their accounts with Coinbase International Exchange, safeguarding operations such as withdrawals and deposits with Fireblocks’ governance and policy rules, according to a statement. Coinbase International Exchange obtained a regulatory license from the Bermuda Monetary Authority in May 2023. Initially, it operated as a derivatives exchange for institutions and later added spot crypto…
[ad_1] Ecash is becoming an unavoidable topic these days. In a climate of contention over pretty much every proposal floating around these days ecash stands out as a protocol that can be deployed today without any alterations or changes to the Bitcoin protocol. The ability to deploy an application or protocol without depending on changes to Bitcoin is an incredibly valuable thing in the current climate, so it is no surprise that the Cashu ecash protocol is starting to rapidly take hold on the fringes. Adoption is starting to occur on platforms like Nostr, and inter-mint settlement across the Lightning…
[ad_1] Ethereum price declined heavily and tested the $3,580 support zone. ETH is now recovering and faces many hurdles near the $3,740 zone. Ethereum started a recovery wave and climbed above the $3,660 resistance. The price is trading below $3,750 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $3,740 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh upward move unless there is a close below the $3,640 support. Ethereum Price Faces Resistance Ethereum price extended its decline below the $3,660 support zone. ETH…
[ad_1] The crypto lending sector is experiencing a revival following the “crypto winter” that saw the collapse of major players, thanks to the introduction of spot Bitcoin exchange-traded funds and the return of assets to creditors from bankrupt companies. “What I’m seeing is that this market has come back roaring,” Mauricio Di Bartolomeo, co-founder of crypto lending firm Ledn, told CoinDesk at the Consensus 2024 conference in Austin, Texas. “The market never really left; it [just] got scared.” Crypto lending functions similarly to traditional banking. Customers deposit Bitcoin or other cryptocurrencies with firms like Ledn, earning interest or using the…