Uniswap confronts SEC allegations amid rising security breaches in the Defi industry
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Bitcoin Surges Past $64,000 as U.S. Core Inflation Hits Three-Year Low
On May 15, Bitcoin soared past $64,000, coinciding with the announcement of lower-than-expected core inflation rates in the United States. This significant increase in Bitcoin’s value occurred after the release of the Consumer Price Index (CPI) data, which reflected a positive outlook for risk assets like cryptocurrencies. As a result, Bitcoin reached a local high of $64,700, according to data from Cointelegraph Markets Pro and TradingView. The CPI report for April indicated a month-on-month increase of 0.3%, which was 0.1% below the anticipated figures. This data suggested a decrease in core inflation to its lowest point since 2021, hinting at
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Analyst Says Ethereum Rival Mirroring Memecoin That Just Printed New All-Time High, Updates Outlook on Altcoins
A crypto strategist thinks that an Ethereum (ETH) challenger is following in the footsteps of a red-hot memecoin that just hit a fresh record high. Pseudonymous analyst Credible tells his 393,500 followers on the social media platform X that the market structure of layer-1 protocol Near (NEAR) looks similar to Pepe’s (PEPE), a memecoin that The post Analyst Says Ethereum Rival Mirroring Memecoin That Just Printed New All-Time High, Updates Outlook on Altcoins appeared first on The Daily Hodl .
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Ethereum Bulls On The Rise? Crucial Indicator Point To A Major Upturn
Ethereum (ETH), the second-largest crypto by market capitalization, has recently shown signs that suggest a potential rebound is on the horizon. Analysts have been closely monitoring various technical indicators, and one such analyst, Ali, has highlighted a key signal that points to an impending price surge. Related Reading: Ethereum Price Anticipates Upside Break To Shift Sentiment Towards Bullish TD Sequential Signals Buy As Ethereum Eyes Recovery According to Ali’s social media platform X analysis, the TD Sequential indicator on Ethereum’s daily chart has issued a strong buy signal, hinting at a possible upward movement lasting one to four candlesticks. The TD Sequential presents a buy signal on the #Ethereum daily chart! It anticipates that $ETH could see a rebound of one to four candlesticks. pic.twitter.com/Vg7FTl9X2a — Ali (@ali_charts) May 15, 2024 This positive outlook is supported by Ethereum’s recent performance, which increased the asset by 2.3% over the last 24 hours. However, Ethereum remains below the critical $3,000 mark. Despite the optimistic technical signals, external factors such as regulatory challenges could influence Ethereum’s trajectory. Specifically, the potential decline of the spot Ethereum ETF application with the US Securities and Exchange Commission (SEC) is a concern, as analysts like Eric Balchunas of Bloomberg suggest that the SEC’s view of ETH as a security could significantly lower the chances of ETF approval. TLDR: the SEC asked commenters re the Eth spot ETFs whether these filers have properly filed their ETF listing proposals as commodities. This shows the SEC is perhaps considering to Eth is a security in their denial. Our odds of approval remain the same: slim to none. Nice job of… https://t.co/g9HGPzGyOp — Eric Balchunas (@EricBalchunas) May 14, 2024 Market Sentiments And Options Trading Trends While the regulatory landscape presents challenges, market sentiment around Ethereum remains largely bullish. The options market, in particular, shows a clear preference for calls over puts, indicating that traders are betting on Ethereum’s price increase. Data from Deribit, a leading crypto options exchange, reveals that the most popular strike price among these bullish bets is an ambitious $6,500. This concentration of call options, especially those above the $3,600 mark, suggests that a significant portion of the market expects Ethereum to reach higher levels by the end of June. In contrast, According to a recent NBTC analysis, Ethereum’s failure to breach the $2,925 resistance level could trigger another price decline. Initial support is located near the $2,880 level, followed by major support at the $2,860 zone. Related Reading: Bitcoin, Ethereum, And Solana: Galaxy Digital CEO Predicts Next Market Movements Should Ethereum break below $2,810, it could potentially fall towards the $2,740 mark, and further losses might push the price down to $2,650 in the near term. Featured image from Unsplash, Chart from TradingView
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BlockDAG’s Piccadilly Event Draws BNB & Bitcoin Cash Investors
BNB Enthusiasts Rally at BlockDAG’s Notable London Piccadilly Showcase with $26M Presale Amid Bitcoin Cash Rise BlockDAG’s recent event at London’s Piccadilly Circus was a standout, drawing significant attention following similar events in Tokyo and Las Vegas. With its presale hitting $26 million, BlockDAG continues to carve out a prominent
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BlockDAG’s 2024 Strategic Roadmap: Catalyzing a New Era in Crypto Investments with Insights on Avalanche’s Price Forecast & Kaspa’s Expansion
The cryptocurrency sector remains a hotspot for investors aiming to capitalize on groundbreaking opportunities. Understanding platforms like Avalanche, Kaspa, and the innovative BlockDAG becomes crucial when closely monitoring market trends and technological advancements. This analysis explores their distinctive features and growth potential, providing a basis for savvy investment decisions. Amid recent advancements in blockchain technology, The post BlockDAG’s 2024 Strategic Roadmap: Catalyzing a New Era in Crypto Investments with Insights on Avalanche’s Price Forecast & Kaspa’s Expansion appeared first on Times Tabloid - Latest Cryptocurrency News, Bitcoin (BTC) News, Ethereum (ETH) News, Shiba Inu (SHIB) News, Ripple's XRP News .
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Major Financial Institutions Use XRP, Uphold CEO Confirms
In a recent interview with Tony Edward on the Thinking Crypto podcast, Simon McLoughlin, CEO of the American cryptocurrency exchange Uphold, revealed that well-known financial giants are increasingly adopting Ripple’s On-Demand Liquidity (ODL) network for cross-border transactions. Uphold: A Key Player in Ripple’s ODL Network McLoughlin highlighted Uphold’s role as a node within the RippleNet The post Major Financial Institutions Use XRP, Uphold CEO Confirms appeared first on Times Tabloid - Latest Cryptocurrency News, Bitcoin (BTC) News, Ethereum (ETH) News, Shiba Inu (SHIB) News, Ripple's XRP News .
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