In Brief Avalanche’s price recently broke out of its consolidation within $39 and $31, which it might fail. Market cues suggest a decline is next for the altcoin as the MACD is close to a bearish crossover. Nearly $409 million worth of AVAX is sitting between $37 and $41, awaiting profits, creating resistance. Avalanche’s (AVAX)…
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In Brief XRP price is in a gradual uptrend, targeting a close above $0.56, but this may take some time. Long-term holders have suddenly begun moving their holdings around, pulling away from the pattern. Participation is also consistently declining, which suggests liquidity could also be taking a hit. Although Ripple (XRP) price may not have…
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In Brief ADA’s price decline caused most holders to book losses, with daily transactions in losses exceeding those in profit. At press time, ADA traded at $0.45, with 59% of holders “out of the money,” while only 37% held at a profit. Negative Elder-Ray Index and down trending RSI indicate bearish momentum, but MVRV ratio…
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With the growing demand for Artificial Intelligence or AI, there is now more than ever a need to integrate AI with blockchain technology to reap its benefits. These benefits include but are not limited to decentralization, increased security, and privacy of users’ data. BNB Chain is making this integration a reality by providing a robust platform that…
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In Brief Bitcoin ETFs now hold over 1 million BTC, representing nearly 5% of Bitcoin’s total supply. Grayscale and BlackRock are the leading Bitcoin ETF holders, with significant assets in BTC. U.S. Bitcoin ETFs dominate the market, holding 855,619 BTC, showing strong investor confidence. Bitcoin exchange-traded funds (ETFs) have reached a significant milestone. They now…
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In Brief Shiba Inu’s price has been consolidated for the past month and might continue moving sideways. The meme coin failed to capitalize on the recent meme coin craze due to selling by investors. The altcoin also faces a resistance of $1.54 billion worth of SHIB that would become profitable after a 19% rally. While…
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In Brief Marathon Digital has signed an $80 million agreement with Kenya’s Ministry of Energy and Petroleum. This initiative supports the firm’s strategy to diversify its operations amidst rising Bitcoin mining difficulty. Crypto stakeholders suggest that the Marathon’s move points to the future of Bitcoin mining activities. Marathon Digital, a Bitcoin mining firm, signed an…
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In Brief Justin Bieber holds $556,890 in crypto, with $536,080 in Ethereum (ETH). Trump’s crypto net worth is $8.3 million, mostly in a MAGA meme coin. Jimmy Fallon holds $138,097 in crypto, with significant ETH investments. Arkham Intelligence data has exposed the crypto portfolios of some of the world’s most well-known figures: Justin Bieber, Jimmy…
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In Brief SEC approves 8 spot Ethereum ETFs, including BlackRock and Fidelity. However, the issuers need further approval for S-1 registration. Experts argue political pressure likely influenced the SEC’s decision. In a landmark decision, the US SEC has approved eight spot Ethereum (ETH) exchange-traded funds ETFs, including those from BlackRock and Fidelity. This approval follows…
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In Brief Abu Dhabi bans cryptocurrency mining on farms, imposing penalties up to AED 10,000 for violators. Regulation aims to preserve agricultural land integrity, ensuring resources aren’t diverted for mining. Despite ban, UAE remains a key player in the global Bitcoin mining landscape with 400 MW capacity. The Abu Dhabi Agriculture and Food Safety Authority…
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