Author: News Room
During the Ethtaipei 2024 event in Taiwan, Ethereum founder Vitalik Buterin introduced “rainbow staking,” a new conceptual framework designed to allow protocol service providers to engage in a differentiated menu of protocol services. Rainbow staking aims to enhance the economic value and participation of solo stakers by integrating various protocol services in a more plug-and-play […] Read the full article here
A closely followed crypto analyst believes that rallies are in store for two top smart contract platforms including Ethereum (ETH). Pseudonymous analyst Loma tells his 301,200 followers on the social media platform X that he thinks Ethereum will likely continue its slow grind up. The crypto strategist shares a chart suggesting that ETH will eventually return to all-time high at around $4,871. “Can steadily just trail stops under that $3,200 area. Price closes below $3,200 on any meaningful timeframe and maybe you can start calling tops. Until then, it’s just a game of patience. Slow is smooth; smooth is fast.” …
Cryptocurrency analyst Kevin Svenson is saying that Bitcoin (BTC) could skyrocket by triple digits from the current level. Svenson tells his 73,500 followers on the social media platform X that based on historical precedent, Bitcoin could appreciate by roughly between 50% and 201%. “…based on the ratio of past gains gives me $95,000 as the minimum target… …and the median target of $142,000. And if things go really well, we will hit $190,000. But anywhere you know closer to $142,000 maybe… but it could be between $95,000 and $142,000, could be like $124,000. Something along those lines. But these are…
TL;DR Bitcoin (BTC) hit a new high of over $73,500, then fell below $61,000, but has partially recovered to around $66,500, possibly influenced by the Fed’s interest rate decision and the upcoming halving event. Ripple’s XRP received exchange support amid an SEC lawsuit, highlighting its regulatory challenges and market resilience. Solana-based meme coins like Slerf and Book of Meme saw significant price fluctuations, reflecting the speculative and volatile nature of the crypto market. BTC Rallying Again Last week, the price of the primary cryptocurrency spiked to an all-time high of over $73,500. However, it could not keep the momentum, dropping below the…
The price of Bitcoin (BTC) collapsed to just $61,231 earlier today, according to CoinGecko data. The flagship cryptocurrency is down 17% from its all-time high. Yet, despite the severe price drop, the Bitcoin market sentiment remains in the greed territory. More than $505 million worth of long positions have been liquidated over the past 24 hours. Underwhelming ETF numbers The most recent drop coincided with Bitcoin exchange-traded funds (ETFs) posting their biggest outflows to date. On Tuesday, a whopping $326.2 million flowed out of these products. Grayscale’s GBTC appears to be the main bearish headwind with a staggering $443 million…
Ether.fi, the innovative non-custodial liquidity staking protocol, has recently announced an ambitious product roadmap that spans the next 12 to 24 months, signaling a significant expansion of its offerings. Currently known for its Stake product, ether.fi is set to diversify its portfolio with the introduction of two new products: Liquid and Cash. These additions are poised to redefine the DeFi landscape and bridge the gap between decentralized finance and real-world financial activities, offering users unprecedented flexibility and control over their digital assets. Expanding DeFi horizons with liquid The first of these pioneering products, Liquid, is scheduled for release on March…
Coffee giant Starbucks announced Friday that it is shutting down its Starbucks Odyssey beta platform, which provided NFT-based rewards minted on Ethereum scaling network Polygon. Starbucks will close the Odyssey platform and the associated Discord server in the coming days, with no clear indication of a planned return. “The Starbucks Odyssey Beta must come to an end to prepare for what comes next as we continue to evolve the program,” an official FAQ reads. “While the Starbucks Odyssey Beta program is ending, we are excited for you to see what comes next and are grateful for your consistent engagement and…
Goldman Sachs has been a pioneer in the traditional financial sector with its investment in the digital asset ecosystem, and it’s not slowing down, Mathew McDermott, global head of digital assets at Goldman Sachs, said Tuesday at the Blockworks Digital Asset Summit in London. “We launched the desk [in] 2021,” McDermott said, noting that he believes Goldman Sachs is still the only bank that offers liquidity in cash-settled derivatives, options and futures crypto trading. “And it’s something that we’ve continued to kind of build on through the last few years and it was great,” McDermott added. “Last year was tough,…
Shibarium, the layer-2 solution developed within the Shiba Inu ecosystem, has witnessed a staggering decline in transaction volume, plummeting by a remarkable 98.4% in less than three days. Data from Shibariumscan reveals a stark drop from over one million transactions to a mere 9,330 in the past 24 hours, marking a concerning trend for the network. This downturn comes on the heels of a significant downturn in the price of the Shiba Inu token (SHIB). After experiencing a meteoric 375% surge in the first half of March, SHIB’s value nosedived over the subsequent two weeks, erasing nearly a third of…
According to breaking information, Fidelity has changed its previous Ethereum Spot ETF application to include the Staking feature. The staking feature in Ethereum was launched after the network switched to the Proof of Stake mechanism, and wallet owners who locked their coins were rewarded with ETH in return for ensuring the security of the network. Sıcak Gelişme: Fidelity, Ethereum Spot ETF başvurusuna Staking özelliğini ekledi. — Bitcoin Sistemi (@bitcoinsistemi) March 18, 2024 It was known that the SEC was not very keen on this feature and that is why many Spot ETF applicant companies did not include this feature in…