In Brief Ethereum large transactions hit 2.83 million ETH, signaling increased institutional activity and further upside. Market sentiment is turning bullish, which could support Ethereum’s price rebound beyond the $4,500 mark. ETH might break the $3,982 resistance and rally toward $4,500. Failing that, the price could decline to $3,178. The Ethereum (ETH) price outlook has…
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In Brief Jump Crypto’s subsidiary, Tai Mo Shan, agreed to a $123 million settlement with the SEC. The SEC accused the firm of deceptive practices during the UST algorithmic stablecoin depeg. This settlement follows broader regulatory actions against Terraform Labs and its founder Do Kwon. Jump Crypto’s wholly-owned subsidiary, Tai Mo Shan, has agreed to…
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In Brief The altcoin season index dropped to 49, indicating that non-Bitcoin crypto price have declined. Bitcoin dominance has dropped from 61% to 58%, indicating that altcoins crash is temporary. The TOTAL2 market cap is down, but analysis shows that the value could rise toward $1.65 trillion. On December 4, the Altcoin Season Index hit…
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In Brief Meme coin BONK lost $1.8 billion in market cap within 30 days, correlating with a 34.11% price decline to $0.000034. Persistent negative weighted sentiment and falling trading volume suggest continued downward pressure for BONK. BONK may decline to $0.000025 unless bulls defend the $0.000030 level. A rebound could push it to $0.000042. The…
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In Brief PEPE price drops 8% in 24 hours, with RSI at 33.3 nearing oversold territory, suggesting possible further downside before a rebound. The 7D MVRV Ratio at -9.3% reflects significant short-term holder losses, with historical trends pointing to potential lows near -12% to -15%. Key support at $0.0000188 is critical; a breakdown could lead…
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In Brief Ink, the L2 blockchain by Kraken, launched on mainnet ahead of schedule, fueled by strong community support and developer enthusiasm. The project focuses on decentralization and interoperability, aiming to push the boundaries of on-chain experiences for users and builders. Ink integrates deeply with Optimism’s Superchain, driving Ethereum scaling and bolstering both platforms’ growth…
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In Brief PENGU token dropped 50% following its Solana airdrop launch. Pudgy Penguins NFTs also saw a sharp decline in floor price as holders sold off. Over 20% of PENGU’s supply was liquidated, reflecting $9.3M in sell-offs. The Pudgy Penguins ecosystem token, PENGU, launched on Solana this Tuesday, soaring into the top 100 cryptocurrencies by market…
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In Brief Bitcoin spot ETFs in the US have surpassed gold ETFs in AUM, despite gold’s 20-year market lead. Major players like BlackRock and Fidelity drive demand, enhancing Bitcoin’s credibility and accessibility. Younger investors view Bitcoin as “digital gold,” reflecting a shift toward modern, decentralized store-of-value assets. Bitcoin has overtaken gold as the leading financial…
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In Brief Meme coin trade volumes have dropped significantly from $30 billion to under $14 billion in just one month. Leading meme coins are showing flat performance, while a few outliers like FARTCOIN briefly overperformed. High-profile scams and declining market dominance have possibly led to reduced trader interest and lower sector performance. Data from across…
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In Brief Binance to list CAT meme coin and PENGU token on Dec 17, with trading pairs including USDT, BNB, FDUSD, and TRY. CAT surged over 60% after the announcement, while PENGU marks its first-ever distribution with 623 million tokens in circulation. Critics question Binance’s listing practices, citing price volatility and concerns about pump-and-dump patterns.…
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