The Terra Luna Classic community has unanimously approved a proposal for the v2.2.1 core upgrade. This proposal was submitted by the L1 Terra Classic Task Force (L1TF). The Terra Luna Classic community has agreed unanimously to a proposal for the v2.2.1 core upgrade, which was submitted by the L1 Terra Classic Task Force (L1TF) core…
The emergence of Bitcoin ETFs could lead to a shift towards higher custody service fees in the crypto industry. The SEC will make a decision on Bitcoin ETFs in mid-October. The cryptocurrency community is anxiously awaiting the SEC’s decision on Bitcoin ETFs. Bloomberg’s senior ETF analyst, Eric Balchunas, made a prediction on the “Unchained Crypto”…
A recent analysis by CryptoQuant, a cryptocurrency analysis firm, highlights the significant influence of Bitcoin miners’ selling behavior on its short-term price movements. The analysis reveals a correlation between the “Flow from Miners to Exchange” metric and Bitcoin’s market price fluctuations. The “Miner to Exchange Flow” metric measures the volume of coins transferred from miners…
A recent report from CCData tells us that the stablecoin industry, which acts as a bridge between regular money and cryptocurrencies, has faced a decline in its total value. The report also mentions that Tether, the main company behind stablecoins, has lost some of its share to competitors. In August, all stablecoins combined were worth…
Bitcoin (BTC) is currently exhibiting cautious sentiment as indicated by the Crypto Fear and Greed Index, which stands at 39 out of 100 in the fear zone, showing a slight increase from the previous day. This sentiment reflects the prevailing uncertainty in the cryptocurrency realm. Amidst this backdrop, Bitcoin’s price trend takes center stage, influenced…
A report from Bloomberg talks about JPMorgan Chase analysts, like Nikolaos Panigirtzoglou, who shared a note. They say that the crypto market will probably calm down soon. They think this because the number of people interested in CME Bitcoin futures (like bets on Bitcoin’s future price) is going down. When this happens, it usually means…
Bitcoin and altcoins had a positive start in 2023, but their performance suffered in 2022, leading many investors to experience losses. However, DeFi (Decentralized Finance) tokens have taken a different trajectory, as highlighted by IntoTheBlock. According to a post on their Twitter account, IntoTheBlock pointed out that DeFi tokens stand out in terms of investor…
Fred Thiel, the CEO of Marathon Digital, a company involved in Bitcoin mining, believes that the chances of the U.S. Securities and Exchange Commission (SEC) approving a spot Bitcoin exchange-traded fund (ETF) are positive. Thiel’s optimism is fueled by the efforts of major players like BlackRock to launch such ETFs. He mentioned that the approval…
Let’s take a look at how the crypto market is doing right now, what’s making people feel a certain way, what’s happening in the crypto world, and what might happen in the next few days. In the last week, the worldwide crypto market has been up and down. Bitcoin (BTC), which was steady at about…
Even though there’s news about Ethereum futures ETFs starting soon, the big holders of Ethereum, also called “whales,” have been selling their Ethereum, which is the second-biggest cryptocurrency. Ethereum’s price has gone down by more than 10% in the last week and is now around $1,650. Looking at how it’s doing on the charts, it…