Ethereum’s Layer 2 ecosystem has been making waves with a new record for daily transaction volume, reaching an impressive 12.42 million on August 12. This growth highlights the rapid advancements in scalability, potentially driving user engagement to new heights. The surge in daily transactions, reported by Growthepie, shows a 140% increase year-to-date, indicating the growing
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Bitcoin’s price has seen a significant increase, climbing nearly $2,000 in just a day after the release of better-than-expected core PPI numbers in the United States. This surge comes on the heels of a positive end to the previous business week, where Bitcoin reached almost $63,000 on Friday. This rebound marked a recovery of over
Samuel Edyme, known by his nickname HIM-buktu, is a multi-talented individual who has made a name for himself in the world of cryptocurrency. As a web3 content writer, journalist, and aspiring trader, Edyme has proven himself to be a force to be reckoned with in the industry. His journey into the world of crypto was
Crypto analyst Javon Marks has made a bold prediction regarding Ethereum (ETH), suggesting that the cryptocurrency could experience a significant breakout and potentially soar to $4,723. Marks pointed to the presence of bull divergences as a key indicator for this parabolic rally, emphasizing the potential for a 75% increase in price. Additionally, Marks indicated that
Peter Brandt, a veteran crypto analyst, recently identified an inverted or expanding triangle pattern in Bitcoin’s price chart. This technical pattern formation has raised questions and sparked discussions within the crypto community. Let’s delve deeper into Brandt’s analysis and assess the implications of this pattern on Bitcoin’s price trajectory. Brandt highlighted the unique pattern formation
Coinbase recently submitted a comment letter to the US Securities and Exchange Commission (SEC), where it highlighted significant flaws in the agency’s cost-benefit analysis of the proposed rule. The crypto exchange argued that the SEC has not adequately evaluated the rule’s economic impact on efficiency, competition, and capital formation. Despite recognizing a lack of crucial
The current state of the market has left many new Bitcoin investors feeling the pressure of potential financial losses. Various metrics point towards a bearish environment, highlighting factors that can contribute to market volatility, increased selling pressure, and further price declines. One key metric, the Short-Term Holder MVRV ratio, exposes the harsh reality faced by
Recently, liquidators representing Three Arrows Capital (3AC) have taken legal action against TerraForm Labs, a bankrupt digital assets company co-founded by Do Kwon. The liquidators are alleging that TerraForm Labs engaged in market manipulation, specifically affecting the prices of Luna and TerraUSD. This alleged manipulation resulted in inflated prices for these tokens, which ultimately led
The recent trading activities in the cryptocurrency market have pointed to a crucial moment for Ethereum. The formation of a bearish triangle pattern signals a potential significant breakout. It is essential to closely monitor the movement of Ethereum as it approaches this critical point. The price action of Ethereum is currently below the 100-day Simple
In a recent court filing on August 12, a US appeals court made a significant decision to partially overturn the dismissal of a class-action lawsuit against Binance.US, the US subsidiary of the global Binance exchange. The plaintiff, Ryan Cox, had brought forward allegations against both Binance.US and CoinMarketCap regarding the manipulation of the price of