Pinakabagong Balita sa Crypto at Market Updates

SEC Accused of Misleading Congress Over Ethereum (ETH) Status: Rep. McHenry’s Allegations

Ethereum　　SEC Accused of Misleading Congress Over Ethereum (ETH) Status: Rep. McHenrys Allegations　　Balita ng Ethereum ng Bitcoin　　The cryptocurrency market has been experiencing a significant surge, with Bitcoin leading the charge.　　Several factors, including institutional adoption and regulatory clarity, are contributing to this bullish trend.　　“Cryptocurrencies are no longer an obscure investment option, but a mainstream financial asset,” says renowned crypto analyst, John Doe.　　Explore the latest developments in the cryptocurrency market, the factors driving the current bullish trend, and what this means for investors and the future of digital currencies.　　Bitcoin Leads the Bullish Charge in Crypto Market　　Bitcoin, the worlds largest and most popular cryptocurrency, has been leading the bullish trend in the crypto market. The digital currency has seen a significant increase in value, breaking previous records and attracting a wave of new investors. This surge is not just limited to Bitcoin, as other cryptocurrencies like Ethereum and Ripple have also experienced substantial growth.　　Factors Driving the Bullish Trend　　The current bullish trend in the crypto market can be attributed to several factors. One of the primary drivers is the increasing institutional adoption of cryptocurrencies. Major financial institutions and corporations are now recognizing the potential of digital currencies and are investing heavily in them. Regulatory clarity

2024-05-12Ethereum

ETH Experiences Impact as Ethereum Network Hits 6-Month Low: A Deep Dive into Crypto Dynamics

crypto Ethereum　　ETH Experiences Impact as Ethereum Network Hits 6-Month Low: A Deep Dive into Crypto Dynamics　　Balita ng Ethereum ng Bitcoin　　Ethereums network activity has seen a significant drop in the past week, with the price of ETH also being pushed down by bearish market forces.　　Transaction fees on the Ethereum network have hit a six-month low, reflecting a shift in activity to Layer 2 networks.　　Despite the decrease in network usage, the price of ETH has fallen by 6%, indicating a bearish market sentiment.　　As Ethereums network usage drops to a six-month low, bearish market forces push the price of ETH down, reflecting a shift in activity to Layer 2 networks.　　Ethereums Network Activity Hits Six-Month Low　　Recent data from IntoTheBlock reveals that transaction fees on the Ethereum network have plummeted to a six-month low, dropping by over 29% in the past week. This decrease reflects a shift in activity to over 50 live Layer 2 networks, aligning with Ethereum co-founder Vitalik Buterins 2020 roadmap to enhance scalability by offloading transactions from the mainnet. Meanwhile, the price of ETH has fallen by 6%, indicating a bearish market sentiment.　　Bearish Market Forces Push ETH Price Down　　While Ethereum‘s network activity has dwindled, its price action has also turned bearish.

2024-05-12Ethereum

Mga Nangungunang Aplikasyon ng Ethereum ETF

Ethereum　　Mga Nangungunang Aplikasyon ng Ethereum ETF　　Balita ng Ethereum ng Bitcoin　　Get ready to dive into the world of Ethereum ETFs that are currently awaiting approval from the SEC. This means that companies have applied to create investment funds that track the price of Ethereum, similar to how ETFs track the prices of stocks or commodities. Understanding these applications and approvals can provide insights into the growing interest in cryptocurrencies among traditional investors. Stay tuned to learn more about this evolving landscape!　　1. BlackRock　　BlackRock, the largest asset manager globally, submitted an S-1 form in November for its proposed iShares Ethereum Trust. The SEC postponed its decision on this potential product earlier this year, and now the deadline for a decision has been extended to August 7th. This development highlights the significant interest from major institutional players like BlackRock in offering investment products tied to Ethereum, a popular cryptocurrency. The outcome of this SEC decision could have a notable impact on the broader adoption and recognition of Ethereum within traditional financial markets.　　2. Grayscale　　Grayscale, a prominent crypto asset manager, has proposed converting its Grayscale Ethereum Trust into a spot Ethereum ETF and is now awaiting a response from the SEC. Currently structured as a closed-end

2024-05-11Ethereum

BEFE Coins Future Growth Trajectory

crypto　　Trajectory ng Paglago sa Hinaharap ng BEFE Coin　　Balita ng Ethereum ng Bitcoin　　BEFE coin is a name that many people will guess to be for a memecoin. Well, yes, BEFE is a memecoin introduced to the market a few months ago. But it is not just a regular memecoin that thrives on the hype created for it in the market. BEFE focuses on creating a name for itself through constant innovations and integrating utilities for the token in the blockchain environment.　　The token has shown strong signs of growth in the market and has given good returns to early investors. With the ongoing market correction, the BEFE coin is at a low point with good investment pricing. So, lets find out what is unique about the BEFE coin and whether it is worth investing in.　　The Market Performance First　　When it comes to asking anyone to invest, the assets financial performance is of absolute importance. BEFE coin was introduced in the market towards the end of 2023. As any memecoin did in the past, BEFE also promoted itself as a meme throughout social media.　　BEFE coin started promotions as an alternative to the same old frog and mga meme ng aso with a fresh array

2024-05-11Industriya

Bumaba ang Bitcoin Sa $60K, Bumaba ang ETH at Iba pang Altcoins

Bitcoin Ethereum　　Bumaba ang Bitcoin Sa $60K, Bumaba ang ETH at Iba pang Altcoins　　The top crypto prices today were hit by a bearish turn as the Bitcoin (BTC) price extended below the $61,000 evel. Furthermore, the Ethereum (ETH) plunged significantly and dropped to the $2,900 level. In addition, other top altcoins, such as Solana (SOL), XRP, Cardano (ADA) also registered notable losses.　　Mga Pangunahing Presyo ng Crypto Ngayon1. Presyo ng Bitcoin　　The Bitcoin price plunged 3.33 reaching $60,802.57 at the time of writing on Saturday, May 11. On the other hand, it‘s trading volume soared 7.55% to $27.12 billion in the last 24 hours. Whilst, the crypto’s market capitalization stood at $1.19 trillion.　　2. Presyo ng Ethereum　　The Ethereum price crashed 3.60% to $2,916.58 at press time with a market valuation of $350.36 billion. Whilst, ETH saw its trading volume surged 8.86%, reaching $11.98 billion.　　3. Presyo ng Solana　　The Solana price extended lower than the $150 level today. The Solana price lost 4.86%, settling at $145.26. In contrast, SOL witnessed a 5.68% gain in trade volume to $2.46 billion in the last 24 hours.　　4. Presyo ng XRP　　Whilst, the XRP price traded around the $0.50 mark amid the bearish downturn. The XRP price recorded a dip of

2024-05-11Industriya

SEC Shreds Ripples $10 Million Olive Branch, Issues $2 Billion Ultimatum in XRP Lawsuit ⋆ ZyCrypto

Tech　　Pinutol ng SEC ang $10 Million Olive Branch ng Ripple, Naglabas ng $2 Bilyong Ultimatum sa XRP Lawsuit ⋆ ZyCrypto　　The US Securities and Exchange Commission (SEC) has rejected a settlement bid of $10 million proposed by Ripple Labs in response to allegations of selling XRP to institutional investors. Instead, the regulatory body is adamant about a staggering $2 billion penalty, deeming Ripples offer a mere “slap on the wrist.”　　Notably, the SEC, in a motion dated 7th May, emphasized that accepting Ripples proposed punishment would set a dangerous precedent, potentially incentivizing other cryptocurrency issuers to flout regulations. The commission further argued that such leniency would normalize illicit activities in the industry, making non-compliance with investor disclosure requirements a profitable endeavor.　　The SEC argued.　　The legal battle between Ripple Labs and the SEC dates back to December 2020 when the Commission filed a lawsuit against the firm, alleging the sale of unregistered securities in the form of XRP, totaling around $1.3 billion. Although a favorable ruling was delivered for Ripple in July 2023, which determined that certain token distributions did not constitute securities offerings, the sale of XRP to major industry players was found to breach US securities laws.　　In a recent appeal, the SEC

2024-05-11Industriya

Binance Under Surveillance of US Justice Depts Monitor Forensic Risk Alliance

Tech　　Binance sa ilalim ng Surveillance ng Monitor Forensic Risk Alliance ng US Justice Dept　　The U.S. Department of Justice (DOJ) selected consulting firm Forensic Risk Alliance (FRA) as monitor of the worlds largest crypto exchange Binance Holdings Ltd over top law firm Sullivan & Cromwell, as per a report by Bloomberg. The move was part of DOJ investigations into Binance and a plea deal for violating US money-laundering regulations and trade sanctions.　　Justice Department Selects FRA for Binances Surveillance　　The U.S. Justice Department (DOJ) names consulting firm Forensic Risk Alliance as to monitor Binance Holdings. FRA was selected over Wall Street law firm Sullivan & Cromwell and several other top contenders, according to sources who asked to remain confidential.　　FRA is tasked to monitor Binance‘s compliance with the plea agreement with the DOJ. The firm will gain access to Binance’s internal records, facilities, and employees, reporting crypto exchange‘s activities to the government. The appointment came in response to Binance’s November plea deal. Binance paid $4.3 billion in penalties, CEO Changpeng “CZ” Zhao pleaded guilty and agreed to step down. CZ was sentenced to four months in prison on April 30.　　The Justice Department declined to comment. Spokespeople for Sullivan & Cromwell and FRA didnt immediately

2024-05-11Industriya

Maaari bang Pigilan ng Ripple (XRP) ang isang 18% na Pagwawasto?

Balita ng Ethereum ng Bitcoin　　Ripple (XRP) is facing an important support level loss, which could result in considerable losses.　　To make this worse, the altcoin is observing no support from its investors or the crypto market.　　Ripple Investors Make No Effort　　XRP price is facing a bearish outcome, and investors are not supporting cryptocurrency. This is because, in the last couple of days, their participation has gone down considerably, falling to a five-month low.　　At the moment, the total number of addresses conducting a transaction on the network has declined to less than 18,000. Such an instance was last seen back in December 2023, right after Ripple native token hit the local bottom after correcting from its November bull run.　　Mga Aktibong Address ng XRP. Pinagmulan: Santiment　　Given that the price is declining, and so are the active addresses, the market seems to be flashing a “sell” signal at the moment.　　In addition to the investors, the market is not supporting a recovery either, as evident in the Relative Strength Index‘s (RSI) drop. The RSI is a momentum oscillator that measures the speed and change of price movements, indicating overbought or oversold conditions in an asset’s price.　　Magbasa Pa: Lahat ng Kailangan Mong Malaman Tungkol sa Ripple vs

2024-05-11Industriya

Ethereum transaction fees hit record low as Layer-2 networks siphon activity

The average transaction fee on Ethereum has reached record lows as more activity moves to the Layer-2 (L2) networks on the chain.　　According to Ultrasound.money data, the average gas has dropped to 4.81 Gwei — the lowest level since the network completed the Merge event in 2022.　　Market observers attributed this decline to increasing activity on L2 networks following the completion of the Dencun upgrade. The Dencun upgrade significantly reduced fees for L2 networks, making transacting on the base layer less attractive.　　Notably, the blockchain analytical platform IntoTheBlock iniulat:　　“An increasing number of transactions are now being settled on Ethereum Layer 2s. Last month, the three largest L2s hit a record 82% transaction share of all Ethereum transactions.”　　Ethereum Layer-2 Transaction Share. (Source: IntoTheBlock)　　Furthermore, the number of transactions on Arbitrum has seen strong growth, reaching over on May 8 — a significant rise from the early March average of 1 million.　　L2beats data further indicates that Base and Arbitrum averaged 30 and 20 transactions per second, respectively, while Ethereum managed 13 transactions per second during the same period.　　ETH turns inflationary　　Meanwhile, CryptoQuant analysis revealed that ETH has transitioned to an inflationary state post the Dencun upgrade, resulting in diminished gas fees and reducing its burn rate.　　In light

2024-05-11Ethereum

Crypto Analyst Updates Outlook on Altcoins and the Potential of an Ethereum (ETH) ETF Approval This Month

A widely followed crypto analyst is suggesting that altcoins could be on the rise as hopes for an Ethereum (ETH) exchange-traded fund (ETF) approval this month from the U.S. Securities and Exchanges Commission (SEC) this month dwindle.　　Crypto trader na si Michaël van de Poppe nagsasabi his 717,300 followers on the social media platform X that altcoins are waking up as Bitcoin (BTC) hovers near $61,000.　　Ang BTC ay nagkakahalaga ng $60,933 sa oras ng pagsulat, bumaba ng 2% sa araw.　　Looking specifically at the altcoin Arbitrum (ARB), the analyst palagay the ETH layer-2 protocol is near the end of its full correction.　　Pinagmulan: Michaël van de Poppe/X　　ARB is trading for $1.01 currently, down 2% on the day.　　Si Van de Poppe din ihinahayag that he doesnt believe the SEC will approve an ETH ETF until at least July or August of this year.　　ETH is worth $2,914 at time of writing, down 5% on the week.　　Disclaimer: Ang mga opinyon na ipinahayag sa The Daily Hodl ay hindi payo sa pamumuhunan. Dapat gawin ng mga mamumuhunan ang kanilang nararapat na pagsusumikap bago gumawa ng anumang mataas na panganib na pamumuhunan sa Bitcoin, cryptocurrency o mga digital na asset. Mangyaring maabisuhan na ang iyong mga paglilipat at

2024-05-11Ethereum

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