The European Securities and Markets Authority (ESMA) recently issued a warning about the high level of concentration in the crypto markets. The agency expressed concerns that the crypto ecosystem is vulnerable to disruptions due to this concentration. ESMA’s findings revealed that a small number of assets, including Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), make
Ethereum
The recent issuance of a Wells notice by the US SEC to Uniswap Labs, the entity responsible for the popular Ethereum-based decentralized exchange, Uniswap, has stirred up a storm in the crypto community. Hayden Adams, the founder of Uniswap, took to social media to express his reaction to the SEC’s warning. Despite his stoic stance,
Ethereum’s price has been experiencing a period of sideways consolidation after dropping to the critical support level of $3K. Despite attempts to push the price towards $3.7K, the cryptocurrency remains stuck within this range. Volatility is unlikely to increase until a breakout occurs in either direction. Analyzing the daily chart, it is evident that Ethereum
In the rapidly evolving world of cryptocurrency, meme coins have become a popular avenue for retail investors seeking high returns. Avalanche Foundation’s recent foray into acquiring meme coins has sparked interest and speculation in the crypto community. This article will examine Avalanche’s current meme coin trends and explore the potential of a new multichain crypto
The viral trend surrounding ANSEMWIF, a spin-off coin inspired by influencer Ansem, has taken the crypto market by storm. Despite its explosive growth, with a price increase of +2,950% in the first 5 hours, it is crucial to acknowledge the inherent risks associated with meme coins such as ANSEMWIF. The current market price of $0.0003
Renowned trading guru Peter Brandt has recently shifted his stance on Ethereum, offering intriguing insights into the market dynamics between Ethereum and Bitcoin. Despite his prior criticism of Ethereum as a “junk coin” and its supporters as “Etheridiots,” Brandt’s latest observation of a potential bear trap on the Ethereum-to-Bitcoin chart suggests a more cautious optimism.
Bitcoin has been consolidating over the past month, unable to sustain its rise beyond $73,000. However, Michael Van De Poppe predicts a surge in the short term, with the potential to reach $300,000 in this bull cycle. The upcoming Bitcoin Halving, set to happen in less than 12 days, is fueling optimism within the crypto
The article discusses the recent performance of Solana meme coins in the cryptocurrency market. It highlights that while Bitcoin and Ethereum have seen gains of around 4% and 7% respectively, Solana has only added about 1.7% to its value overnight. Furthermore, it mentions that Solana meme coins like DogWifHat, Bonk, BOOK OF MEME, and Jeo
Ethereum and its Layer 2 scaling solution, Polygon, have emerged as the top choices for new users in the first quarter of 2024. According to the latest report by Flipside, these two blockchain platforms have attracted a significant number of new users compared to other EVM chains since the beginning of the year. With Polygon
Ethena Labs, the creators of USDe, have taken a significant step in scaling USDe’s supply by incorporating Bitcoin (BTC) as backing into their synthetic dollar-pegged offering. The decision to include BTC as a backing asset was strategically important as it aimed to leverage BTC’s superior liquidity and scalability for delta hedging, ultimately providing a more