Balita sa Industriya ng Crypto at Market Trends

ETHs price reacts to FOMC meeting; will bears stick around?

Ethereum　　Ang presyo ng ETH ay tumutugon sa pulong ng FOMC; mananatili ba ang mga oso？　　Balita ng Ethereum ng Bitcoin　　On 14 June, the Federal Reserve opted not to proceed with an 11th consecutive interest rate hike. This was done as it assessed the consequences of the previous ten increases. The decision was made by the Federal Open Market Committee (FOMC) during their two-day meeting.　　However, the committee projected that two additional quarter percentage point rate increases will likely take place before the year concludes.　　Basahin ang Prediction ng [ETH] ng Ethereum 2023-2024　　FOMC causes FUD　　The FOMC‘s choice to halt interest rate hikes had an immediate effect on the price of Ethereum. CoinMarketCap’s data revealed a 6.49% drop in ETHs value within the past 24 hours.　　The decisions made by the FOMC often carry significant weight in the market due to multiple factors. When the FOMC hints at potential interest rate increases, it alters investor sentiment.　　Higher interest rates make traditional investments more appealing, diminishing demand for cryptocurrencies. Additionally, market sentiment and risk perception come into play. If the FOMC expresses caution or concerns about economic stability, investors tend to become more risk-averse, resulting in a sell-off in cryptocurrencies.　　Furthermore, regulatory concerns and potential policy measures discussed during

2023-06-16Ethereum

Important: EigenLayer Restaking Has Been Deployed On Ethereum Mainnet

According to an official press release from the DeFi platform EigenLayer has implemented its staking reset protocol on the Ethereum mainnet.　　The launch of EigenLayer on the Ethereum mainnet marks an essential milestone in our mission to create a robust environment for open innovation. Its aims to empower ecosystem stakeholders and innovate on the future of shared security and distribution by promoting inclusivity, transparency, and continuous improvement.　　For this launch:　　Liquid staking: Max 3.2k tokens per asset　　Deposit limit: 32 tokens per transaction　　Additional EigenPod creation pauses at 9.6k ETH wno limits on pointing validators to an EigenPod　　Enhanced asset safety: 7-day withdrawal delay　　This protocol allows users to staking ETH by depositing liquidity staking tokens such as Lido stETH (stETH), Rocket Pool ETH (rETH), and Coinbase Wrapped staking ETH (cbETH).　　Ethereum bettors can now reset in EigenLayer by:　　Deposit their liquidity staking tokens into the EigenLayer contract　　Create an EigenPod and set their Beacon chain withdrawal credentials to their EigenPod address.　　This mainnet launch is the first of three stages, onboarding Restakers onto EigenLayer. The second launch later this year will onboard Operators, who perform validation tasks for AVSs built on the platform. In the third stage, several AVSs will launch on EigenLayer.　　The protocol currently only supports liquid resets and

2023-06-15Industriya

Voyager Allows Users To Withdraw Within 35% Cryptocurrency Limit This Month

Tech　　Binibigyang-daan ng Voyager ang Mga User na Mag-withdraw sa Lagit sa 35% Limit ng Cryptocurrency Ngayong Buwan　　21 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　A document filed with the court on Wednesday outlined a plan to reopen Voyager customers from June 20 to July 5 so that creditors can withdraw about 35% of the cryptocurrency.　　Voyager shut down its core business in July 2022, shutting down customer deposits and withdrawals. Paul R. Hage, who oversees the agencys bankruptcy proceedings, told creditors on file that they can see the initial distribution they are expected to receive through its application on Friday.　　Initial cryptocurrency distributions will be made to creditors within three to seven calendar days of submitting a withdrawal request. A month ago, a judge allowed Voyager and its partners to liquidate the company.　　Previously, Voyager had needed help to reorganize Chapter 11. The company said it planned to return about $1.3 billion to customers at the time. Reuters once said the expected recall rate was around 35%.　　The litigation involving Three Arrows Capital and FTX will significantly increase Voyager‘s existing assets, thereby improving the recovery rate of clients’ assets. Reportedly, the company is asking FTX to repay the loan of about $445 million. The companys

2023-06-15Industriya

Top Coins Experience Price Movements Up To 30%

Tech　　Nakararanas ng Mga Nangungunang Coins ng Mga Paggalaw sa Presyo Hanggang 30%　　19 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Spot volumes 23B/24h – minimum since winter 2019. Behind the scene, the exchange started asking projects to manage trading volumes, liquidity, etc, otherwise – delisting. The price moves by 20-30% within 24h, even for top coins.　　In a recent tweet, Andrei Grachev, Managing Partner of DWS Labs, provided an overview of the current state of the cryptocurrency market. According to Grachev, trading activity has reached its bottom, with even solid coins being almost non-existent on exchanges. Spot volumes have hit their minimum since winter 2019, and behind the scenes, exchanges are asking projects to manage trading volumes and liquidity, or face delisting.　　Market overview. Where we are and why this is a good time for long (IMO). Trading activity has reached its bottom. We can observe that even solid coins are almost not traded on exchanges.　　Retail activity is also very low, but people still want to speculate and make money, leading to significant price movements of up to 20-30% within 24 hours, even for large coins. However, Grachev notes that the market is still fragile. Initial coin offerings (ICOs), initial exchange offerings (IEOs), and

2023-06-15Industriya

Bitcoin dips below $25K for the first time in 3 months

Bitcoin　　Ang Bitcoin ay bumaba sa ibaba $25K sa unang pagkakataon sa loob ng 3 buwan　　11 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　The price of Bitcoin (BTC) has fallen below the $25,000 mark for the first time since March 17 following a hawkish Fed announcement amidanother turbulent week for the crypto industry.　　Within the span of 30 minutes on June 15, the price of Bitcoin fell 4% from $25,867 to $24,819 according to data from TradingView. At the time of publication Bitcoin has regained ground and is holding just above $25,000.　　Over the past week Bitcoin had been holding around the $26,000 region as the market came to grips with the SECs legal action against crypto exchange heavyweights Coinbase and Binance as well as increasing macroeconomic uncertainty around interest rate signals from the United States Federal Reserve.　　The sharp drop in price arrived roughly three hours after the Federal Reserve announced a pause on interest rate hikes, following a fifteen-month-long campaign of rate increases to combat surging inflation.　　While the market was almost unanimously expecting a rate pause, the Federal Open Markets Committee statement hinted at further rate hikes in the future, which typically blunts investor excitement for risk assets like cryptocurrencies.　　The second largest cryptocurrency

2023-06-15Industriya

Bitcoin Slides to $25K, Will Bearish Momentum Hit Longer?

Bitcoin price decreases by 3.12% compared to the last 24 hours. 　　Bitcoin miners are facing difficulty due to increased hash rates.　　The topmost cryptocurrency, Bitcoin (BTC) has seen a deep fall from nearly $30K to the value of $25,137.80, currently. Meanwhile, before 2 hours, BTC has fallen below $25K ranging to $24,902.15 when its trading volume was reported at $11.95 billion.　　Furthermore, 92.39% of BTC exists in the current circulation from its total supply of 21M BTCs. The trading volume is maintained green, indicating an engagement in BTC trading with a 0.46% increase at the time of analysis. However, the market capitalization is seen to drop by 3.22% worth $487B, ranking the top position in the crypto market.　　On the other hand, Bitcoin miners are facing difficulty by 2.18%, defending with the increased hash rate. This creates huge competition among miners since the record crosses 52.35 trillion. Yet, crypto investors rely on trading BTC despite difficulties and drops.　　It is considered that the Federal Reserve (Fed) hayag the halt of interest rate hikes at 5.25%, could be the reason for BTCs sudden drop below $25K at the moment. Till then, BTC was fluctuating at $26K.

2023-06-15Industriya

Shytoshi Kusama Drops Hint About Upcoming Shiba Inu Update

Shytoshi Kusama has tweeted about an upcoming update for Shiba Inu.　　Kusama has sparked anticipation regarding this physical update.　　Shytoshi Kusama, the creator of the popular memecoin Shiba Inu (SHIB), has tweeted about an upcoming update. The mysterious tweet has sparked anticipation and curiosity among crypto enthusiasts. Memecoin has gained significant attention in the crypto community.　　On June 14, Shytoshi Kusama hinted about the upcoming memecoin update. He mentioned that something physical was coming. The tweet includes a teaser of the final shot, showcasing the Shiba Inu logo in black and white.　　Kusama has sparked a wave of speculation and anticipation regarding this physical update. His influence and involvement have captivated investors and enthusiasts.　　The Shiba Inu ecosystem has signaled a new physical product that expected to be released shortly. Many members of the SHIB community not surprised by this, as Kusama previously stated that he would share many updates in addition to details on the official launch of Shibarium.　　At the time of writing, the trading price of the Shiba Inu is around $0.000006559, with a decline of 3.43% in the last 24 hours. Moreover, the trading volume of the SHIB has witnessed a decrease of 3.94%, according to CoinMarketCap.

2023-06-15Industriya

The Fed Paused Rates, Heres What It Means for CDs

The Federal Reserve neither raised nor lowered its benchmark interest rate Wednesday meeting— putting neither upward nor downward pressure on the rates banks offer on certificates of deposit.　　The Federal Open Market Committee members kept interest rates at their highest level since 2007, 5% to 5.25%. The Fed funds rate heavily influences interest rates on all kinds of financial products, including CDs.　　The Fed has raised the rate 10 times in the past 15 months in an attempt to push inflation lower, which has made banks offer their highest CD rates in years. As of Wednesday, top CDs were offering interest rates of more than 5%, compared to just 1% for the top rate in February 2022 when the Feds own interest rate was pegged near zero to stimulate borrowing and lending and boost the economy.　　With inflation having fallen from its recent peak last year, Fed officials have grown more hesitant to raise rates because of the risk of sending the economy into a recession. High borrowing costs have held back consumer spending and the housing market, raised the threat of a recession, and exposed cracks in the banking system.　　However, inflation is still running hotter than the Fed would like, well over

2023-06-15Industriya

Bosses are fed up with remote work for 4 main reasons. Some of them are undeniable

The golden age of remote work seems to be ending. is reporting that even tech firms (the first industry that told employees they could work from home forever just a few years ago) are getting engineers and project managers back in the office. The economic blogger Kevin Drum, formerly of , has taken note of the increasing anti-remote literature and is making a bold prediction about the future of work: there none. It‘s not going to look much different than it’s ever looked. That‘s because the remote work revolution just isn’t going to materialize.　　“Companies that put up with [remote work] for a long time are finally getting sick and tired of [it],” Drum wrote on Sunday. The reason for that is fairly straightforward: Working from outside the office “simply isnt as productive as office work, no matter what remote workers say. Too much evidence has piled up to credibly deny this any longer.”　　He pointed to return-to-office pushes at tech companies where most jobs could be remote, particularly Salesforce, Google and Meta. Then he highlighted four key pieces of evidence, although asterisks abounded. Still, Drum is worth listening to on this matter: Along with figures like Brad DeLong and Ta-Nehisi Coates,

2023-06-15Industriya

Bitcoin (BTC) Price Crashes To A Record Low Of $24,833 After FOMC

Bitcoin　　Bitcoin (BTC) Price Crashes To A Record Low Of $24,833 After FOMC　　44 segundo ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Bitcoins value dropped to $24,833 after FOMC, affecting Ethereum, SOL, and MATIC each dropped over 5%. Unlike the previous altcoin crash, BTC and ETH were the leading decliners.　　As of Wednesday, Bitcoins value has dropped to as low as $24,833, according to TradingView data after the FOMC. This sudden drop also affected Ethereum, which fell by 5.28%. Unlike the previous altcoin crash, Bitcoin and Ethereum were the leading decliners, with only CRV falling by over 10%. Investors shrugged off the U.S. central banks widely expected halt to interest rate hikes, causing major altcoins to take a late afternoon dive and sink into negative territory.　　BTC has been trading down 3.63% over the past 24 hours after a late afternoon (ET) drop that sent the asset to its lowest level since mid-March. BTC has largely been treading water nearer $26,000 for most of the past five days as investors weighed the initial impact of Securities and U.S. Exchange Commission (SEC) lawsuits against crypto exchange giants Binance and Coinbase, Fed monetary policy signals, and other macroeconomic uncertainties.　　This recent drop in Bitcoin‘s value has caused concern among

2023-06-15Bitcoin

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