Pinakabagong Balita sa Crypto at Market Updates

Si Justin Drake ng Ethereum ay walang pakialam sa kabila ng kalagitnaan ng taon ni ether: Q&A

When Ethereums “Merge” to proof-of-stake went off without a hitch last September, some felt the layer-1 was primed for a breakout. Speculation arose around a “flippening” and institutional investors waited in the wings.　　But ethers price did not end up meeting these expectations. NFTs tested new lows, and the bear market muted DeFi engagement. Bitcoin continued to outpace ether in 2023 — recently reaching dominance levels not seen since 2021. Meanwhile, institutional inflows are largely yet to materialize.　　Blockworks spoke with Justin Drake, a researcher at the Ethereum Foundation, about the network‘s current standing and future prospects. Keep reading for more excerpts from Blockworks’ interview with Drake.　　Blockworks: You can see variations of this stat in different places, but the rewards paid out by Ethereum were larger than the transaction fees that were burned in both September and October. It looks like thats turned around a little bit, but how should people think about issuance versus burn and when that flips negative？　　Drake: The fee market is exceptionally volatile. What you really want to be doing is zooming out, because when you zoom out, youre smoothing your data over a longer period of time.　　If you look at ultrasound.money, you‘ll notice that when it’s profitable,

2023-11-09Industriya

Pinaplano ng Robinhood ang Europe Expansion habang Bumababa ang Kita ng Crypto

US brokerage Robinhood Markets (Robinhood) plans to launch crypto-related services in the European Union. The planned rollout of the Robinhood app to European consumers was announced after the companys crypto trading revenue fell 26% year-over-year, and it closed off its link with FTX in September.　　The company‘s CEO, Vlad Tenev, hopes Robinhood will be able to offer “hundreds of millions of” crypto traders a “different set of assets” with greater regulatory clarity in Europe. The company’s crypto trading business will ultimately fall under the Markets in Crypto-Assets bill when it goes into effect in 2024.　　Robinhood Eyes Europe Like Crypto Rivals　　The US Securities and Exchange Commissions (SEC) categorizing several crypto assets as securities prompted Robinhood to delist them. In June, the SEC classified Solana, Polygon, and Cardano as unregistered securities that US crypto companies could not offer.　　Accordingly, the amount of crypto Robinhood held for customers fell 11% from Q3. The company‘s crypto revenue fell from $31 million in 2022 to $23 million in 2023. Robinhood’s announcements caused its share price to fall 7.5% to $9.03 after markets closed on Tuesday. The price has since recovered.　　Read more: Coinbase Review 2023: The Best Crypto Exchange for Beginners　　Robinhood Share Price | Source: Bloomberg　　Magbasa pa: Paano

2023-11-09Industriya

Inilunsad ng mga ex-Cantor exec ang crypto lending platform bilang inaasahan ang mga Bitcoin ETF

A new crypto-lending platform dubbed Tokenet said it would service what it expects to be an influx of institutional clients following the potential United States approval of a spot Bitcoin (BTC) exchange-traded fund (ETF).　　The platform was launched by a team of executives who previously headed the financial services firm Cantor Fitzgerald and have since joined a new brokerage firm called Digital Prime Technologies.　　In a Nov. 7 statement, Tokenet said it would allow firms to borrow and lend digital assets while managing collateral positions. The platform also offers risk management tools that allow institutions to mitigate counterparty risks as they would in traditional finance.　　Digital Prime Technologies Tokenet platform is already backed by a number of crypto firms, including Hidden Road Partners, Xapo Bank, EDX Clearing and DV Chain.　　“Given the current markets and regulatory headwinds, Tokenets launch is an important and exciting step towards establishing trust and transparency in digital asset lending,” said James Runnels, Digital Prime Technologies co-founder and CEO.　　Tokenet joins a growing roster of companies seeking to embrace crypto lending following the collapse of lenders such as Voyager Digital, Celsius Network and BlockFi.　　In a bid to bolster declining revenues, crypto exchange giants, including Coinbase and Binance, have leaned heavily on

2023-11-09Industriya

Ethereum Short-Term Price forecast for 2023

In the crypto ecosystem, Ethereum (ETH) remains a focal point of discussion among investors, pundits and enthusiasts, who often make price predictions.　　With a multitude of factors influencing its price, from macroeconomic trends to regulatory changes, it is important to delve into the data and forecasts for ETH in 2023, 2025 and 2030.　　2023 Ethereum Price Forecast　　Based on the most recent data, the average forecast for the price of ETH at the end of 2023 is $1,840. However, this figure represents a significant reduction from the previous forecast of $2,451 in a July 2023 survey.　　This adjustment highlights the volatility inherent in the cryptocurrency market, as well as the impact of external factors.　　Despite the reduced forecast for 2023, experts remain optimistic about Ethereums long-term potential. Ruslan Lienkha, Chief of Markets at YouHodler, highlights the growth potential, but acknowledges that it is currently limited by high rates of traditional finance (TradFi).　　An important catalyst for the ETH price rally should be the soft landing by the US authorities, which is expected around the middle of next year.　　Ben Ritchie, Managing Director of Digital Capital Management Pty Ltd, shares the long-term bullish sentiment but is cautious about the short term.　　The growing interest in betting on Ethereum and

2023-11-09Ethereum

Polygons MATIC Price Rising: Can it Break the $1 Barrier?

Polygons native MATIC token has seen a resurgence in price action over the past month, surging over 55% amid a broader altcoin rally. MATIC has reclaimed key support levels on the weekly time frame and broken out of an ascending channel on the daily chart – signaling a potential trend reversal after months of decline.　　Pangunahing puntos　　MATIC price has increased over 55% in the past 4 weeks, reclaiming the $0.60 support level on the weekly chart.　　The weekly RSI is bullish, crossing above 50 which indicates an upward trend.　　Despite a drop in Q3 revenue for Polygon, active addresses and NFT volume grew. Polygon Connect conference upcoming.　　Analysts are bullish on MATICs long-term outlook due to break of descending resistance, potential higher high above $0.85.　　MATIC broke out of an ascending channel on the daily chart, confirming it as support. RSI also bullish.　　Next resistance at $0.85, if broken MATIC could reach $1.25. But failure to break $0.85 could see a 28% drop back to $0.61.　　MATIC is now trading near the $0.85 resistance level, which could be the final barrier before a test of the psychologically important $1 mark. MATIC last reached $1 in March 2022 during its peak from the previous bull market.　　Bullish momentum indicators

2023-11-09Industriya

ETH Supply Trends Down After Two Months Of Inflation

The supply of Ether is again flipping deflationary after users a sharp uptick in demand for Ethereum blockspace.　　Data from Ultra Sound Money shows that Ethereums burn-rate offset the issuance of new coins by 1,960 ETH ($3.7M) over the past seven days. Uniswap traders led the charge by driving 13.3% of burned ETH, followed by simple token transfers with 6%, and the Tether stablecoin protocol with 5%.　　Banana Gun, a Telegram trading bot, also made up a significant share of on-chain activity, pushing 3.5% of burned ETH.　　The recent increase in burn-rate comes after Ethereum‘s supply turned inflationary for the first time in 2023 during September and October. Ether’s supply grew by 54,000 coins between the start of September and November as on-chain activity receded.　　For comparison, the network last quoted users 40 gwei in gas fees for transaction execution, up more than 300% since dropping below 10 gwei in September.　　Ethereums burn mechanism has removed more than 260,000 ETH from circulation this year so far.　　Ether supply since September 2022. Source: Ultra Sound Money.

2023-11-08Ethereum

Ang S&P 500 14% na rally ay ipinaliwanag sa loob lamang ng 8 araw

Visitors around the Charging Bull statue near the New York Stock Exchange, June 29, 2023.　　Victor J. Blue | Bloomberg | Getty Images　　The S&P 500 is up 14% this year, but just eight days that explain most of the gains.　　If you want a simple indication of why market timing is not an effective investment strategy, take a look at the data on the S&P 500 year to date.　　Nicholas Colas at DataTrek notes that there have only been 11 more up days than down days this year (113 up, 102 down) and yet the S&P 500 is higher by 14% year to date.　　How to explain that the S&P is up 14% but the number of up days is about the same as the down days？ Just saying “theres been a rally in big cap tech” does not quite do justice to what has been happening.　　Colas notes there are eight days that can explain the majority of the gains, all of them related to the biggest stories of the year: big tech, the banking crisis, interest rates/Federal Reserve, and avoiding recession:　　S&P 500: biggest gains this year　　January 6 +2.3% (weak jobs report)　　April 27 +2.0% (META/Facebook shares rally on better than expected earnings)　　January 20 +1.9%

2023-11-08Industriya

91% ng XRP Trader sa Bitrue ay Nagbukas ng Mahabang Posisyon

Tech91% ng XRP Trader sa Bitrue ay Nagbukas ng Mahabang Posisyon3 minuto ang nakalipasBalita ng Ethereum ng Bitcoin　　Data has shown that the vast majority of crypto derivative traders in XRP on the renowned exchange Bitrue are highly optimistic about the price of XRP. 　　???? #Bitrue Futures traders are holding over 355 m USDT of $ XRP with 91% Long $ XRP/USDT currently overall!　　???? Trade on #Bitrue Futures with up to 50x leverage now https://t.co/7gfa8J23tL pic.twitter.com/Ng5jX4bVaU　　Meanwhile, XRP trades around $0.68, one of its highest points within the past 100 days. Moreover, crypto market participants have exchanged over $2.2 billion worth of XRP in the last 24 hours.　　Pagtanggi sa pananagutan: Ang nilalamang ito ay nagbibigay-kaalaman at hindi dapat ituring na payo sa pananalapi. Maaaring kasama sa mga pananaw na ipinahayag sa artikulong ito ang mga personal na opinyon ng may-akda at hindi sumasalamin sa opinyon ng The Crypto Basic. Hinihikayat ang mga mambabasa na gumawa ng masusing pagsasaliksik bago gumawa ng anumang mga desisyon sa pamumuhunan. Ang Crypto Basic ay hindi mananagot para sa anumang pagkalugi sa pananalapi.

2023-11-08Industriya

Inactive 250k ETH wallet is probably linked to Estonian major bank

A Coinbase executive says a dormant Ethereum wallet holding over $470 million worth of ETH belongs to the LHV Bank founder.　　A digital wallet holding 250,000 ETH, which has been in dormancy since Ethereums ICO back in 2014, allegedly belongs to Rain Lõhmus, the co-founder of Estonia-based LHV Bank.　　Isang misteryo ang nalutas: Ang address na ito (na ngayon ay mayroong $450M na crypto) ay kay Rain Lohmus, tagapagtatag ng LHV Bank　　Sa kasamaang palad, nawala niya ang kanyang mga susi at hindi ma-access ang 100 milyon na ito. Kung matutulungan mo siyang mabawi ang mga ito kahit papaano, handa siyang hatiin sila sa iyo 　　— Conor (@jconorgrogan) Nobyembre 6, 2023　　In isang X post on Nov. 6, Coinbase director Conor Grogan linked the 0x2B6…0Ffb9 address to the Estonian entrepreneur, citing an article by ERR News where Lõhmus revealed that he had lost the password to his wallet holding 250,000 ETH (over $473 million, as of press time).　　In the interview, Lõhmus said hes willing to “take all offers” from those who can help him recover 250,000 ETH.　　“My own best plan is to build Rain Lõhmus as an AI and see if he can get his memories back.”　　Rain Lõhmus, the co-founder of Estonia-based LHV Bank　　As

2023-11-08Ethereum

Ang NZD/USD ay tumanggi habang ang US Dollar ay muling nabuhay, halo-halong Chinese data

Pananalapi　　Ang NZD/USD ay tumanggi habang ang US Dollar ay muling nabuhay, halo-halong Chinese data　　Balita ng Ethereum ng Bitcoin　　The NZD/USD plunged to a daily low of 0.5930, down by 0.50%.　　China reported mixed economic figures during the Asian session.　　A strong US Dollar contributed to the downside.　　The NZD/USD saw downward movements in Tuesdays session, declining to 0.5930 with a daily loss of 0.50%. On the data front, China reported Trade Balance data while the US Dollar recovering ground is what pushed the pair downwards.　　In line with that, after the US DXY Index closed a 1.40% weekly decline last Friday, the Greenback is gaining some traction driven by a cautious market mood and US yields recovering. In addition, markets are awaiting fresh catalysts to continue placing their bets on the next Federal Reserve (Fed) decisions and the focus is set on next weeks Consumer Price Index (CPI) figures from the US from October.　　Ahead of Powell‘s speech on Wednesday, several Fed officials were on the wires on Tuesday but didn’t provide any new insights on the banks plans for the next monetary policy decisions.　　On the other hand, China, a big trade partner of New Zealand, reported that Exports declined by more than 6% (YoY) in

2023-11-08Industriya

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