In Brief SHIB average transaction size dropped by 50% in the last two weeks, indicating Shiba could be losing momentum. Its RSI is still in the overbought stage, which could indicate more corrections are coming soon. EMA Lines are forming a potential bearish scenario, which could cause the coin to enter a downtrend. The Shiba…
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In Brief The European Union Parliament has banned unidentified self-custody crypto wallets for transactions within the region as part of its broader anti-money laundering efforts. The ban targets anonymous cash transactions exceeding €3,000 and self-custody wallets on various platforms. Dissenting voices have argued that the ban may disproportionately affect law-abiding citizens and hinder financial privacy.…
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In Brief Bitcoin’s stellar rise and a 54% rally have sparked a surge in crypto market job opportunities, with companies and institutions expanding their teams. Specialized job boards report a significant increase in listings, highlighting the industry’s growth and demand for professionals across various roles. Despite past downturns, firms like Coinbase and Fidelity are planning…
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The US SEC has stepped up its scrutiny of Ethereum, inadvertently uniting the crypto community against it. Ripple CEO Brad Garlinghouse said the US Securities and Exchange Commission (SEC) would lose its war against Ethereum. In a March 22 post on social media platform X (formerly Twitter), Garlinghouse pointed out that the financial regulator lost its securities classification battle against his…
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In Brief Aptos price is trading at $60, only 20% away from establishing a fresh all-time high above $19.92. Long liquidations in the past week have amounted to more than $9 million, which are now coming to an end. Average Directional Index suggests the active bullish trend is picking up pace. Aptos (APT) price is…
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In Brief BlackRock shows strong preference for Bitcoin over Ethereum among its clients, with “very, very little” interest in an Ethereum ETF. Robert Mitchnick, Head of Digital Assets, shared insights at the Bitcoin Investor Day, indicating Bitcoin remains the primary focus. Challenges with Ethereum underscore the complexities of digital asset management, influencing BlackRock’s cautious approach.…
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BlackRock’s BUIDL wallet has received memecoins donation from the crypto community. Asset management firm BlackRock selected Coinbase as the key infrastructure provider for its tokenized investment fund, BlackRock USD Institutional Digital Liquidity Fund (BUIDL). According to BlackRock: “BUIDL seeks to offer a stable value of $1 per token and pays daily accrued dividends directly to investors’ wallets as new tokens each…
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In Brief Crypto traders are moving from Solana to Coinbase’s Base meme coins, indicating a shift in market focus. Rekt Fencer, who allegedly made over $1 million from Solana memes, champions the potential of Base tokens. Coinbase to launch a service for over 100 million users to trade Base coins easily, boosting the sector’s appeal.…
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In Brief Chainlink, Cardano, and Polkadot lead in development and community engagement. Significant increases in social activity and project contributions noted for these cryptos. Technical analysts remain optimistic about future price potential growth of these altcoins. Several altcoins have emerged as front-runners in terms of development and community engagement. According to recent blockchain analytics by…
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The central bank also reaffirmed its intention to cut rates during 2024, driving the odds of a June cut to 70%. The US Federal Reserve announced on March 20 that it would keep interest rates steady at 5.25% to 5.5% — aligning with market expectations and easing concerns of a more aggressive tightening of monetary policy. Additionally,…
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