Standard Chartered Shares Whether Ethereum ETFs Will Be Approved in May and Bitcoin and ETH Price Forecast

Standard Chartered, a leading investment bank, said US regulators are unlikely to approve spot ETFs that give investors access to Ethereum (ETH) in May. This came as a surprise, as the bank had previously expected the Securities and Exchange Commission (SEC) to approve it during this period.  The approval of spot Bitcoin (BTC) ETFs in January sparked a significant rally in the worlds largest cryptocurrency. Despite the changing landscape for an ETH ETF, Standard Chartered maintains its non-bearish stance. In a research report published today, the bank stated that the market is in a good position for recovery despite the negativities that digital assets have faced recently.  “Inflows into Bitcoin ETFs have stalled and ETH ETFs are unlikely to be approved in May as expected,” analyst Geoff Kendrick wrote. Kendrick had previously predicted that ETH spot ETFs would likely gain approval on May 23, according to a March 18 report.  The US Securities and Exchange Commission (SEC) recently targeted decentralized finance (DeFi) by suing Uniswap. Other factors contributing to the markets volatility include the increase in the yield of US Treasury bonds, the postponement of interest rate cuts by the FED, and the impact of escalating conflicts in the Middle East on BTC

2024-04-24Ethereum

Price analysis 4/22: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA

Bitcoin Ethereum  Price analysis 4/22: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA  Balita ng Ethereum ng Bitcoin  Bitcoin and altcoins have turned bullish following the BTC supply halving. Are new all-time highs in the making?  The S&P 500 Index (SPX) fell 3.05% last week as hopes for a handful of interest rate cuts by the United States Federal Reserve dwindled due to elevated inflation readings. In comparison, Bitcoin (BTC) declined just 1.1% last week, indicating strength.  Capriole Investments founder Charles Edwards said in a X post that Bitcoin‘s raw electricity cost per mined block is $77,400. He added that Bitcoin’s price remains below the “electrical cost” for only about a couple of days every four years, which means that Bitcoin is “trading at a DEEP DISCOUNT.”  Bitcoin is likely to remain volatile in the next few days as the bulls and the bears battle it out for supremacy. If Bitcoin remains range-bound in the near term, it may attract buyers toward select altcoins that may resume their up move.

2024-04-23Ethereum

Ethereum (ETH) Trading Volume ay Naghahatid ng Nakakabahalang Signal sa $3,000

ETH / USD Chart sa pamamagitan ng TradingView  If it can gather the strength to push past the 26 EMA resistance, which is around $3,236, we could see a more definitive move toward higher levels. However, if it fails to, there is a risk of a slip back to lower prices. The next significant level of support lies around $2,890, which could serve as a landing spot for the price.  The immediate future of Ethereum is uncertain. Theres a need for increased trading volume, as it would support the current rally. Without it, the recent break above $3,000 might not lead to the performance that many hope for.  While Ethereum has made some gains, the current trading volume raises questions about the longevity of its run above $3,000. Without a convincing surge in the trading volume and market liquidity, the possibility of a rally continuation is almost nonexistent.

2024-04-23Ethereum

Mahigit sa 50% ng mga pre-sold na Solana memecoins ang inabandona sa loob ng 1 buwan pagkatapos ng $25 million na pagtaas

Tech  Mahigit sa 50% ng mga pre-sold na Solana memecoins ang inabandona sa loob ng 1 buwan pagkatapos ng $25 million na pagtaas  Solana memecoin pre-sales have rugged investors of over $25 million within the past month as more than 50% of the top projects were abandoned, with some never even launching a token.  Solana Co-Founder Anatoly Yakovenko retained his negative stance on the phenomena, commenting, “Pre selling a meme doesnt make any sense to begin with.” At the time, Yakovenko urged users to stop investing in memecoin pre-sales after sharing an image of the top 22 projects, which raised over $100 million.  Of the 22 projects, ZachXBT has revealed that 12 have already been abandoned just one month later. The abandoned projects include LIKE, MOONKE, FROG, TEMPLE, and SORRY, which raised over $2 million. The other projects raised between $1.4 million and $180,000, with X user @Jared_eth raising around $800,000 without launching a token. Notably, @Jared_eths account is listed as compromised by the web3 security platform Pocket Universe.  Abandoned Solana pre-sale memecoins (ZachXBT)  The memecoin mania has since moved to the Coinbase-backed Base blockchain, with ZachXBT commenting that “no one learned anything bc same thing is happening on Base.”  The price of SOL has fallen significantly

2024-04-23Industriya

Teknikal na pagsusuri ng presyo ng Ethereum (ETH): mga pangunahing antas

Ethereum  Teknikal na pagsusuri ng presyo ng Ethereum (ETH): mga pangunahing antas  While the cryptocurrency market continues to navigate a landscape of volatility and transition, Ethereum (ETH) remains a focal point for traders and investors, its price analysis remains constant.  With the recent price fluctuations, a detailed technical analysis provides valuable insights, especially when examining the 1-hour, 4-hour, and daily charts.  This comprehensive view provides insight into potential entry and exit points through oscillators and moving averages, guiding short-term and long-term trading strategies.  Fluctuations and opportunities in the analysis of Ethereum ETH price  The 1-hour chart of Ethereum reveals significant price fluctuations, ranging between 3,116 and 3,236 dollars. This variability signals promising opportunities for more agile traders.  A key strategy could involve buying at or near the level of $3,116, which has emerged as a reliable support.  If the upward trends were to be confirmed, entering here and planning the exits near the resistance of $3,236 – where prices have previously reached the maximum – could optimize gains, minimizing exposure to sudden declines.  Switching to the 4-hour chart, Ethereum shows an ascending pattern, suggesting a gradual consolidation of recent gains after bouncing from the $2,864 support.  This broader perspective indicates a bullish momentum aiming for new highs. Traders are advised

2024-04-23Ethereum

Chainlink (LINK) Nakahanda para sa Bull Run bilang Market Recovers

Tech  Chainlink (LINK) Nakahanda para sa Bull Run bilang Market Recovers  Chainlink (LINK) emerges as a leader in altcoin recovery post-East Asian crisis, showing signs of a bullish turnaround.  Key support at $13 sparks optimism for a potential rally beyond $20, despite sideways trading and a looming death cross.  Recovery rally boosts LINK price by 18%, aiming to reclaim $20; caution advised for potential reversal risks.  As the cryptocurrency market begins to recover from the bearish impact of the East Asian crisis, altcoins are showing signs of a comeback. Among the coins leading the charge is Chainlink (LINK), whose price action reflects a high potential for a bull run, starting with another bounce back from crucial support levels.  The $13 support level has provided a cushion for a bullish turnaround for the third time, teasing the possibility of a sharper recovery. This development has left investors and traders wondering if this turnaround rally could propel Chainlinks price beyond the $20 mark.  Chainlink Price Performance: Sideways Struggle and Potential Death Cross  On the daily chart, LINKs price action has been trading sideways, struggling to sustain bullish momentum. The cryptocurrency has taken multiple dips to the crucial support level of $13, while a potential death cross looms over the chart

2024-04-23Industriya

cLabs develops Celo as Ethereum Layer 2 on Optimisms OP Stack

Ethereum  cLabs develops Celo as Ethereum Layer 2 on Optimisms OP Stack  cLabs, the leading developer of the Celo blockchain, has announced plans to transition its network to an Ethereum Layer 2 solution using the OP Stack.  The decision to adopt the OP Stack, a key development platform within the Optimism ecosystem, came following a community endorsement in a governance vote last July and an extensive eight-month review of several scaling solutions, including Arbitrum Orbit, zkSyncs ZK Stack, and Polygon CDK.  OP Labs, which contributes to the Optimism ecosystem, provides the OP Stack to help developers create custom Layer 2 blockchains.  Celos migration to the Optimism ecosystem is intended to integrate it into the Superchain network, including chains like OP Mainnet and Base, enhancing scalability and performance.  Adopting optimistic rollups within this ecosystem aims to facilitate more efficient processing of Ethereum transactions, addressing scalability concerns by compiling transactions on a secondary layer.  The proposed enhancements for Celo include reducing block times from five seconds to two and increasing throughput by 50%. A testnet for the Celo Layer 2 is scheduled for launch in the summer of 2024, pending further community approval.  The adoption marks an important transition for Celo (CELO), initially launched as a Layer 1 blockchain compatible

2024-04-23Ethereum

Floki Inu Dropped -27.94% in Last Month and is Predicted to Reach $0.000233 By Apr 27, 2024

Balita ng Ethereum ng Bitcoin  Ang Floki Inu ay tumaas ng 3.75% ngayon laban sa Dolyar ng US  Ang FLOKI/ETH ay tumaas ng 2.40% ngayon  Ang Floki Inu ay kasalukuyang nakikipagkalakalan ng 25.15% sa ibaba ng aming hula noong Abr 27, 2024  Bumaba ang Floki Inu -27.94% noong nakaraang buwan at tumaas ng 517.42% mula noong 1 taon ang nakalipasPresyo ng Floki Inu$0.000175Hula ni Floki Inu$0.000233DamdaminFear & Greed indexMga pangunahing antas ng suporta$0.000162, $0.000153, $0.000145Mga pangunahing antas ng paglaban$0.000179, $0.000187, $0.000196  Inaasahang tataas ang presyo ng FLOKI ng 31.20% sa susunod na 5 araw ayon sa aming hula sa presyo ng Floki Inu  ay nakikipagkalakalan sa $ 0.000175 pagkatapos makakuha ng 3.75% sa huling 24 na oras. Nahigitan ng coin ang merkado ng cryptocurrency, dahil ang kabuuang cap ng crypto market ay tumaas ng 3.10% sa parehong yugto ng panahon. Mahusay na gumanap ang FLOKI laban sa BTC ngayon at nagtala ng 0.88% na pakinabang laban sa pinakamalaking cryptocurrency sa mundo.  Ayon sa aming hula sa presyo ng Floki Inu, inaasahang aabot ang FLOKI sa presyong $0.000233 pagsapit ng Abril 27, 2024. Ito ay kumakatawan sa 31.20% na pagtaas ng presyo para sa FLOKI sa susunod na 5 araw.  Tsart ng Hula ng Presyo ng FLOKI  Bumili/Ibenta si Floki

2024-04-23Industriya

Anti-Crypto SEC Lawyers Step Down After Rebuke from Federal Judge

Anti-Crypto SEC Lawyers Step Down After Rebuke from Federal Judge  Anti-crypto lawyers Michael Welsh and Joseph Watkins were pinilit to leave the U.S. Securities and Exchange Commission (SEC).  This came after the regulatory agency was sanctioned by Robert Shelby, a federal district court judge in Salt Lake City, over its “gross abuse” of power in the infamous DEBT Box case.  The agency took DEBT Box to court back in July, accusing it of multi-million dollar fraud. The agency managed to obtain a temporary restraining order against the embattled Utah-based firm, but it was later accused of misrepresenting some crucial facts in the case by the defendants. The SEC‘s evidence was presented in an inappropriate manner. For example, its claims about the firm’s alleged overseas transfers were based on a YouTube video.  SEC attorneys ended up apologizing for the mishap, with SEC enforcement chief Gurbir Grewal acknowledging that the agency “fell short” of its standards.  The judge ended up denying the SEC‘s request to waive sanctions since the agency had damaged the integrity of the proceedings. The SEC was forced to pay the firm’s attorneys fees.  Bloomberg, citing an anonymous source, claims that Welsh and Watkins were on the verge of being fired by the SEC. Hence,

2024-04-23Industriya

Ang katawan ng kalakalan ng Hong Kong ay nagtataguyod para sa self-regulation ng crypto sa gitna ng pandaigdigang pagsisiyasat

Ang katawan ng kalakalan ng Hong Kong ay nagtataguyod para sa self-regulation ng crypto sa gitna ng pandaigdigang pagsisiyasat  The Hong Kong Securities and Futures Professionals Association (HKSFPA) has called to establish independent self-regulatory organizations (SRO) dedicated to overseeing the digital assets sector.  The initiative comes in response to the rapid growth and increasing complexity of the industry. It aims to enhance the regulatory landscape to support innovation and security within the burgeoning field.  As part of its proposal, the HKSFPA suggests that the Securities & Futures Commission (SFC), Hong Kongs primary financial regulator, should continue to oversee market conduct. However, it recommends that licensing authority be distributed among industry players, including those in securities, futures, asset management, and virtual assets.  SROs  Recognizing the unique challenges posed by cryptocurrencies, blockchain technology, and other digital assets, the proposed SRO would focus on crafting tailored regulations that address the specifics of digital currency exchanges, initial coin offerings (ICOs), and related financial services.  Chen Zhihua, President of the HKSFPA, emphasized the necessity for Hong Kong to adopt a forward-thinking approach to maintain its competitiveness as a global financial hub. He added that the dynamic nature of digital assets demands a regulatory body that can swiftly adapt to technological advancements

2024-04-23Industriya
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