Author: coinadrenaline
XRP’s price trajectory has had ups and downs in the past two weeks. Particularly, the large part of the past seven days was characterized by a notable decline from $2.8 to $2.5 before rebounding at this level. Interestingly, this fall towards $2.5 was highlighted by a crypto analyst on the TradingView platform, who also noted a breakout potential. Crypto analyst TehThomas previously identified the $2.5 level as a key Fair Value Gap (FVG) that could act as strong support and recent price movements suggest that buyers are now stepping in after hitting this level. XRP Tests Key Fair Value Gap…
The Ethereum Foundation has announced the launch of a new framework aimed at simplifying cross-chain asset transfers across the Ethereum ecosystem. Ethereum (ETH) developers introduced the Open Intents Framework alongside major layer-2 networks, wallets, and infrastructure providers. The initiative is designed as a public good to standardize cross-chain transfers. As an ecosystem-wide interoperability effort, the Open Intents Framework provides a modular infrastructure platform that developers across different chains can integrate to offer users a seamless cross-chain transaction experience. With Ethereum evolving into a multi-chain ecosystem, intents play a critical role in enhancing user interactions. Their adoption allows users to access…
Nigeria’s Securities and Exchange Commission is working to bring licensed crypto exchanges into the formal tax system, with a related bill likely to pass in early 2025. Nigeria Aims to Increase Revenue The Nigerian Securities and Exchange Commission (SEC) has announced it is working to bring transactions on licensed cryptocurrency exchanges into the formal tax […]
Follow Frank on X. The news of USDT (Tether) coming to Bitcoin and Lightning via Taproot Assets has been met with various reactions.Some believe it’s good for Bitcoin (most, actually, based on a small survey I conducted on X; yes, I know the sample size isn’t large enough for the results to be significant. I’M SHARING IT ANYWAY), while others aren’t so enthused about it.Tether (USDT) on Bitcoin and Lightning is:(Please share why in the comments and please RT after you vote.)— Frank Corva (@frankcorva) February 13, 2025 “Others” includes me — I’m not so enthused about it.That said, I’ve tried…
On-chain data shows the Ethereum Exchange Reserve has remained at low levels recently. Here’s what it could mean for the ETH price. Ethereum Exchange Reserve Has Been Moving Flat Recently As explained by an analyst in a CryptoQuant Quicktake post, the Ethereum Exchange Reserve has recently been at its lowest level since 2016. The “Exchange Reserve” here refers to an on-chain indicator that keeps track of the total amount of ETH that’s sitting in the wallets affiliated with all centralized exchanges. When the value of this metric goes up, it means the investors are depositing a net number of tokens…
Este artículo también está disponible en español. A Bitcoin on-chain level has historically served as the boundary for bear markets. Here’s how far the asset’s price is currently from this line. Bitcoin Is Above Realized Price Of All Major Cohorts Right Now In a new post on X, CryptoQuant founder and CEO Ki Young Ju has discussed where the Realized Price currently stands for some of the important Bitcoin investor groups. The “Realized Price” here refers to an on-chain indicator that keeps track of the cost basis of the average investor on the BTC network. When the spot price is…
On Wednesday, Satya Nadella, chairman and CEO at Microsoft, unveiled a quantum computing breakthrough featuring the company’s Majorana 1 chip. This achievement, notably his remark about a “clear path to a million-qubit processor,” has already sparked discussions about Bitcoin’s alleged vulnerability. Microsoft’s Majorana 1 Chip Ignites More Quantum vs. Bitcoin Debate Since December, Bitcoin has […]
Este artículo también está disponible en español. Ethereum has been trading below the $2,800 mark for the past two weeks as selling pressure at this critical level continues to exhaust bullish momentum. Investors remain cautious amid heightened volatility, fearing that Ethereum could extend its losses if it fails to reclaim key levels. Despite the uncertainty, some analysts see a potential breakout on the horizon. Related Reading Top crypto investor Carl Runefelt shared a technical analysis on X, revealing that ETH is currently trading within a 4-hour symmetrical triangle. This pattern suggests that a decisive move is coming, and if Ethereum…
Floki Plans FLOKI Token ETP in Switzerland Floki, the project behind the FLOKI token, is preparing to launch an exchange-traded product (ETP) on Switzerland’s SIX Swiss Exchange in the first quarter of 2025. If approved, this initiative would make FLOKI the second memecoin, after Dogecoin, to offer a regulated investment product in Europe. This move signifies an important step in bringing institutional-grade investment opportunities to the cryptocurrency market, bridging the gap between traditional finance and digital assets. The proposed ETP is being developed in partnership with a regulated asset manager and ETP issuer, aiming to make it accessible to both…
Este artículo también está disponible en español. Solana has experienced intense selling pressure, now trading at its lowest levels since November 2024 and erasing all the gains from the post-election rally. Once a leader in the altcoin market, Solana is now facing serious risks as the meme coin euphoria that fueled its rise has turned into a bloodbath, raising concerns about its long-term sustainability. Related Reading The speculative frenzy surrounding meme coins initially drove massive transaction volumes and liquidity to the Solana ecosystem. However, as the hype fades and major sell-offs continue, the impact is now weighing heavily on SOL’s…