Ethereum is currently in a strong uptrend, showing resilience above key levels as it consolidates after a sharp move from $2,200 to around $4,000. Yet, there are some signs of exhaustion beginning to surface on the lower timeframes, which could translate to a deep pullback on the higher ones. Technical Analysis By ShayanMarkets The Daily…
Ethereum has been trading sideways over the past week, struggling to break out of the negative trend that cut its weeks-long rally short. Summary Ethereum is struggling to climb above $3,600 amid mounting sell pressure. Polymarket traders see a 54% chance of a new ETH all-time high in 2024 Growing institutional interest in Ethereum is…
Key Takeaways SBI Holdings expects to launch Japan’s first crypto ETFs, focusing on XRP, Bitcoin, and a blended ‘Digital Gold’ ETF. The crypto ETF will provide investors with direct exposure to both XRP and Bitcoin via traditional financial instruments. Share this article SBI Holdings, Japan’s financial conglomerate with active operations in banking, securities, asset management,…
Coinbase has rolled out a new feature called Embedded Wallets, aimed at developers who want to bring crypto functionality directly into their apps. It’s part of the Coinbase Developer Platform and is currently in beta. The idea is simple. Instead of making users jump through hoops with seed phrases or external apps, developers can let…
Bitcoin (BTC) is experiencing a pause in positive momentum following its rally to an all-time high (ATH). Investors have been selling for weeks, but the market is seeing signs of seller exhaustion. However, on-chain research firm Glassnode says the market structure of the leading cryptocurrency is still fragile, and this makes BTC vulnerable to further…
China’s national security agency is calling out the growing trend of projects collecting sensitive biometric data like iris scans in exchange for digital assets. Summary China’s national security agency has raised alarm over biometric data collection by Worldcoin-like projects. Worldcoin, co-founded by OpenAI CEO Sam Altman, has often faced scrutiny over the nature of its…
Key Takeaways OpenAI is considering a secondary stock sale at a valuation of about $500 billion, a two-thirds increase from its last valuation. Microsoft remains the primary investor holdout as OpenAI discusses its future as a for-profit entity and talent retention challenges. Share this article OpenAI is exploring a multi-billion-dollar secondary stock sale that could…
The China crypto ban just added another delicious layer to the Asian markets. China is creating a dip so they can buy it. Our theory at 99B is that China bans BTC ▼-0.86% when the price is high and unbans it when the BTC price is low, so their citizens and companies don’t buy high….
TL;DR Dogecoin liquidation cluster forms near $0.208, creating a key price target for upcoming market moves. Weekly ascending broadening wedge suggests the next swing could reach $1.40 if support continues to hold. An inverse head and shoulders pattern on the hourly chart signals short-term upside toward $0.214 target. Price Action and Market Performance Dogecoin (DOGE)…
Changpeng “CZ” Zhao has asked a U.S. bankruptcy court to dismiss FTX’s $1.76 billion clawback lawsuit, claiming the court lacks jurisdiction over a foreign resident involved in offshore transactions. Summary CZ seeks dismissal of FTX’s $1.76B clawback suit, citing lack of U.S. jurisdiction. The disputed 2021 share deal involved offshore entities and foreign transfers. Motion…
