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Recent reports have shed light on a new Ethereum (ETH) whale that has been actively purchasing large amounts of ETH in the past few weeks. Since March 31, this mysterious whale has accumulated over $405 million worth of ETH, triggering speculation that Tron founder Justin Sun may be behind the buying spree. The blockchain research
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Ethereum Open Interest has been showing a downtrend in recent times, indicating a shift in market sentiment. Open Interest refers to the total number of derivative-related contracts open for Ethereum on all exchanges. When this metric increases, it signifies that investors are opening new positions, leading to higher leverage and potentially increased price volatility. Conversely,
The Machines Arena is gearing up for the highly anticipated launch of its open beta version on April 23rd. This top-down MOBA game promises a fast-paced gameplay experience where two teams of four players battle it out in various modes. The unique team-oriented approach of the game is expected to resonate with gamers of all
In a surprising turn of events, two lead lawyers at the Securities and Exchange Commission (SEC) have recently resigned amidst controversies surrounding the regulator’s legal case against crypto firm DEBT Box. Michael Welsh and Joseph Watkins made the decision to resign in April, following reports that the SEC was planning to terminate their roles if
In response to the rapid growth and increasing complexity of the digital assets industry, the Hong Kong Securities and Futures Professionals Association (HKSFPA) has called for the establishment of independent self-regulatory organizations (SRO) dedicated to overseeing this sector. The initiative aims to enhance the regulatory landscape in Hong Kong to support innovation and security within
Cardano recently experienced a significant price crash, mirroring the market dip led by Bitcoin. The ABC wave, infamous for causing drastic price drops of up to 50%, was responsible for plunging the prices of Cardano and other altcoins. The three waves within this pattern, Waves A, B, and C, saw Cardano’s price fluctuate from $0.8
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The crypto market has been enduring a period of heightened volatility, impacting Ethereum’s market performance. Despite this volatility, data from Coinglass indicates that there is a prevailing bullish sentiment among Ethereum investors and traders. Many traders have been opening long positions on ETH, demonstrating their belief in significant upward price movements in the long term.