Author: News Room

Ripple price needs to break out of the ongoing sub-bearish price action that has kept the altcoin restricted for months now. The best shot for XRP is to validate this bullish reversal pattern, but looking at investors’ behavior, it may not happen soon. Ripple Investors Need to Be Optimistic Ripple price is already bearing the brunt of the broader market bearish cues, and to make things worse, the investors are not acting bullish either. XRP holders have been slowly but surely pulling away from the asset. This behavior is not limited to just the present investors but also potential future…

A widely followed crypto analyst is breaking down the digital asset markets after Bitcoin’s (BTC) latest rebound. Digital assets analyst Michaël van de Poppe tells his 704,800 followers on the social media platform X that BTC’s latest move will help the king crypto continue to move upward. “Massive bounce on Bitcoin initiating continuation here.  I think we’ll be consolidating, and, given the strong bounce, have another run to the all-time high pre-halving.” BTC is worth $66,417 at time of writing, up 4% in the last 24 hours but down 7% in the last week. Next, Van de Poppe turns his attention to Chainlink (LINK).…

The price of Bitcoin (BTC) has likely already bottomed from a sharp pullback that followed new all-time highs last week, according to popular price analyst Willy Woo. The analyst provided a list of “good news” and ”bad news” surrounding Bitcoin’s fundamentals on Thursday, comparing the asset’s recent consolidation to that of past bull market cycles. Has Bitcoin Bottomed Yet? Woo began with a look at Bitcoin’s Spent Output Profit Ratio (SOPR), an on-chain metric gauging whether the average Bitcoin transaction is currently realizing a profit or a loss. The ratio recently spiked to highs not seen since January 2021, suggesting…

* Broker raised its year-end bitcoin target to $90K from $80K.* Bernstein now expects a 7% reduction in hashrate post halving from shutdowns.* Says bitcoin miners compelling buys for equity investors looking for exposure to crypto. Bernstein raised its year-end bitcoin (BTC) price forecast to $90K from $80K and updated estimates for mining stocks in its coverage, the broker said in a research report on Thursday. “With a new bitcoin bull cycle, strong ETF inflows, aggressive miner capacity expansion, and all-time high miner dollar revenues, we continue to find bitcoin miners compelling buys for equity investors seeking exposure to the…

Thala, a Move-based decentralized finance (DeFi) platform, announced today its deployment on Ethereum’s layer-2 (L2) blockchain Movement. Movement is the first L2 combining the Move programming language with the Ethereum Virtual Machine (EVM), and now will be powered by Thala’s decentralized exchange (DEX), stablecoin, liquid staking, and token launchpad services. Thala’s Automated Market Maker DEX, Thala Swap, is at the heart of its offerings, providing efficient swaps and deep liquidity through various pool types. The Move Dollar ($MOD), an over-collateralized stablecoin, and $sthAPT, a liquid staking solution, are key components of Thala’s suite, which will now extend their functionalities to…

OpenSea and the Seaport Working Group have released Seaport 1.6, the most recent version of the NFT marketplace protocol for the Ethereum Virtual Machine (EVM) ecosystem. ‘Seaport hooks,’ a new feature of the upgrade, is modeled around Uniswap v4 hooks. The goal of this feature is to facilitate the development of applications that increase NFTs’ utility and liquidity. By functioning as order fulfillment plugins, these hooks enable developers to easily integrate custom contracts into the Seaport protocol. OpenSea and the Seaport Working Group are thrilled to unveil Seaport 1.6 — the latest generation of the most advanced NFT marketplace protocol…

Coreum, a renowned blockchain technology company, recently announced its complete roadmap for enterprise blockchain solutions. This strategic initiative aims to revolutionize how businesses use blockchain technology by providing customized solutions that suit the specific needs and issues that firms confront. Coreum’s innovative approach, with a strong emphasis on security, scalability, and interoperability, positions it as a leader in developing blockchain-powered business solutions for global corporations. The initiative intends to increase efficiency, stimulate creativity, and open up new chances for growth for organizations looking to harness the power of blockchain technology. A blueprint for enterprise blockchain solutions, devised by Coreum, is…

Popular cryptocurrency XRP has witnessed a substantial surge in market capitalization, increasing by over $3.2 billion within a 24-hour period, according to data from CoinMarketCap. This surge has seen XRP’s market valuation rise from $31.51 billion to $34.55 billion, marking a significant 9.5% increase. Currently positioned as the sixth-largest digital asset by market capitalization, XRP’s recent surge further solidifies token’s prominence within the crypto market. Comparatively, this places XRP in a similar league by size to globally recognized companies such as Baker Hughes or KIA. The surge in market capitalization aligns with a notable increase in XRP’s price as it…

Investors are not the only ones interested in Ethereum (ETH). An increasing number of businesses also plan to leverage Ethereum this year. While large companies have previously dabbled in Ethereum, industry experts believe that enterprise Ethereum is finally gaining momentum. Data from layer-2 (L2) insights platform L2BEAT shows that transactions on the Ethereum mainnet have been steadily rising this month. Source: L2BEAT Ethereum Viewed As Dominant Enterprise Platform Paul Brody, Enterprise Ethereum Alliance Chair and Global Blockchain Leader at EY, told Cryptonews that Ethereum had become the dominant enterprise platform. “All the substantive concerns around Ethereum are finally gone,” he…

Coinbase International, which includes Coinbase’s futures trading platform, stated in its official statement that it has listed the Fantom (FTM) and THORChain (RUNE) altcoins. It is noteworthy that FTM and RUNE are not yet listed on Coinbase’s original platform. Coinbase CEO Brian Armstrong has previously emphasized that the exchange will continue to review its international options due to regulatory uncertainty. He praised both the European Union and the United Kingdom for a more “thoughtful” and “comprehensive” approach to crypto. However, Coinbase recently launched spot trading for this international platform, and BTC and ETH became available to be bought and sold…