A widely followed cryptocurrency analyst and trader is leaning bullish on XRP. The analyst pseudonymously known as CredibleCrypto tells his 450,200 followers on the social media platform X that paired against Bitcoin (BTC), XRP “looks absolutely fantastic.” The trader says he plans to enter a long position in the coming days. Based on the analyst’s […]
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Bitcoin’s recovery shows solid buying at lower levels, increasing the possibility of a break above $100,000 in the short term.
Bitcoin (BTC) bulls are trying to start a Santa Claus rally by pushing the price back above the psychological level of $100,000, but higher levels may attract sellers. Bitcoin has gained nearly 2% in December, but it will have to do more work to catch up with the previous year’s 12.18% rise in December, per CoinGlass data.
CryptoQuant contributor Joo Hyun Ryu said in a Quicktake blog post that Bitcoin demand has increased from speculative short-term holders (STH) and Korean investors. The share of STH increased by 3% within a week, and the “Kimchi Premium,” the aggregate difference in price between South Korean exchanges and others, reached a local high of 5.12.
Crypto market data daily view. Source: Coin360
A widely followed crypto analyst says that Ethereum and altcoins are bracing for a swing to the upside as ETH prints the same pattern it did in 2020. In a new video update, crypto strategist Jason Pizzino tells his 344,000 YouTube subscribers that the Ethereum/Bitcoin (ETH/BTC) pair is flashing a “major altcoin signal.” However, he warns […]
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The DeFi protocol aims to capture around 40% of MEV profits from adding Chainlink's new oracle service.
Aave is mulling integrating a new Chainlink oracle designed to redirect profits from transaction frontrunning to the decentralized finance (DeFi) protocol’s users, according to a proposal in Aave’s governance forum.
On Dec. 23, decentralized oracle provider Chainlink released Smart Value Recapture (SVR), an oracle service specializing in capturing profits from maximum extractable value (MEV) to benefit DeFi protocols.
The same day, Aave proposed integrating SVR “to recapture MEV from Aave liquidations and return it to the Aave ecosystem.”
Digital assets manager CoinShares says institutional investors poured hundreds of millions into crypto investment vehicles last week in spite of market-wide sell pressure. In its latest Digital Asset Fund Flows report, CoinShares says that last week, institutional crypto investment products saw net inflows of $308 million. “Digital asset investment products saw a continuation of inflows last […]
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A closely followed crypto analyst says that Ethereum (ETH) looks primed to surge against Bitcoin (BTC) as we enter the new year. In a new video update, crypto strategist Benjamin Cowen tells his 848,000 YouTube subscribers that based on historical trends, Ethereum should soon bottom out against the top crypto asset by market cap. According […]
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Pudgy Penguins, LilPudgys, Azuki and Doodles topped last week’s charts as the best-performing collections.
Ethereum-based non-fungible token (NFT) collections surged last week, driving the overall digital collectible weekly sales volumes to $304 million.
On Dec. 21, data tracker CryptoSlam reported that Ethereum NFTs experienced a 76% week-on-week increase, reaching $201 million in sales volume. This represents 66% of all NFT sales volume over the past seven days.
By comparison, Bitcoin-based NFTs recorded $40 million in sales, while Solana-based collections had $29 million. Mythos Chain, Immutable, Polygon and BNB Chain collectively had a weekly volume of $25.9 million.
A widely followed crypto analyst says that one Solana (SOL)-based meme asset with a $1.89 billion market cap is going to zero against Dogecoin (DOGE). In a new strategy session, pseudonymous crypto strategist DonAlt tells his 637,200 followers on the social media platform X that even though memecoin dogwifhat (WIF) could bounce soon against DOGE, […]
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Top US-based crypto exchange platform Coinbase is removing support for Wrapped Bitcoin (wBTC) as the crypto king crashes below six figures. In a new thread on the social media platform X, Coinbase Assets says it has disabled trading services for wBTC, the tokenized representation of Bitcoin (BTC) on the Ethereum (ETH) blockchain, as the digital […]
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The U.S. Securities and Exchange Commission (SEC) has given the green light to two cryptocurrency index exchange-traded funds (ETFs) from Hashdex and Franklin Templeton, heralding a new era for regulated crypto investments. SEC’s Approval Unleashes New Crypto ETFs These ETFs blend exposure to both spot-based bitcoin (BTC) and ethereum (ETH), providing investors with a mix […]