Last week, BlackRock experienced significant Bitcoin outflows, the largest since its ETF launch, while Fidelity’s Bitcoin ETF surpassed BlackRock in daily inflows, absorbing 3,625 BTC. However, BlackRock’s ETF attracted more Ethereum, with inflows of 33,618 ETH compared to Fidelity’s 1,250 ETH. Ripple has adopted Chainlink’s price feeds for its RLUSD stablecoin, enhancing the accuracy of pricing data for DeFi applications, despite Chainlink’s token experiencing a decline in value.
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0 posts last weekEthereum’s February Performance and Market Outlook for Investors
February is historically a strong month for Ethereum, with past returns averaging 34.3% and notable spikes like 173% in 2016. Currently priced around $3,700, Ethereum faces resistance between $3,800 and $3,900, while a critical support level lies at $3,400. Market dynamics and external factors could influence future performance, necessitating caution among investors.
read moreShiba Inu Faces Potential Death Cross Amid Ongoing Price Decline
Shiba Inu (SHIB) has experienced a significant decline of over 35% in the past two weeks, with a potential “death cross” forming on its price chart, indicating a strengthening bearish trend. Currently priced at $0.00002156, SHIB has a support zone between $0.00001715 and $0.00001875, which may serve as a critical accumulation area if market conditions stabilize. Meanwhile, Ethereum (ETH) has struggled this year but could see a bullish surge in Q1, historically its strongest quarter, despite lacking clear catalysts for growth.
read moreSolana Reaches Record High Amid ETF Buzz and Bitcoin Surge
Solana (SOL) has reached a record high of $262, driven by optimism surrounding a potential spot Solana ETF approval by the SEC. Bitcoin also hit a new peak at $99,261, with predictions of surpassing $100,000 this November, despite warnings of a possible market correction. Meanwhile, MicroStrategy completed a $3 billion debt offering to fund further Bitcoin purchases, increasing its holdings to $32.7 billion.
read moreMichigan Pension Fund Invests in Ethereum ETFs for First Time
The State of Michigan Retirement System has made a significant move by purchasing 460,000 shares of Grayscale Ethereum Trust (ETHE) for approximately $10 million, marking it as the first state pension fund to invest in Ethereum ETFs. This investment follows a previous $6.6 million acquisition of ARK 21Shares Bitcoin shares, bringing its total exposure to Ethereum ETFs to about $11.2 million. Despite Ethereum ETFs facing substantial outflows, experts view this investment as a notable win for Ethereum, highlighting the need for better investor education regarding its complexities.
read moreCoinbase Seeks Appeal Amid SEC’s Ripple Case Developments
Shiba Inu (SHIB) is experiencing a decline in whale transactions, with only 88 large trades recorded recently, down from a seven-day high of 383. This drop indicates reduced interest from major holders, potentially leading to increased selling pressure and a retest of lower support levels around $0.000016. The coin has struggled to surpass critical resistance levels, reflecting a subdued market sentiment.
read moreSurge in Shiba Inu Whale Activity Signals Potential Price Movement
Whale activity for Shiba Inu has surged by 360%, indicating increased interest from major investors, which could signal a potential price recovery. However, despite this bullish sign, the cryptocurrency remains volatile, with recent price corrections highlighting the risks involved. SHIB is currently trading at $0.00001848, with key support levels at $0.000016 and $0.0000144, as market conditions will heavily influence its trajectory.
read moreBitcoin Shows Bullish Signal as MOODENG Meme Coin Surges Nearly 100 Percent
Solana-based meme coin MOODENG has surged nearly 100%, raising questions about a potential crash. Meanwhile, Bitcoin has reclaimed $66K, with a key metric indicating a bullish trend, as its Market Value to Realised Value (MVRV) surpasses its 365-day moving average. Currently, Bitcoin is up 11.5% for September, positioning it for a record month despite historical trends suggesting otherwise.
read moreShytoshi Kusama Discusses Commitment to Ryoshi Vision Amid Criticism
A major Ethereum whale, who participated in the ICO, has re-emerged after two years, transferring 3,510 ETH worth approximately $9.12 million to Kraken, realizing an 838,000% profit. This wallet originally acquired 150,000 ETH for just $46,500 during Ethereum’s Genesis event. Meanwhile, another significant transaction involved a wallet linked to Genesis Trading moving 5,000 ETH valued at around $12.9 million to FalconX, raising concerns about potential selling pressure in the market, despite Ethereum’s price rising to about $2,642.
read moreSEC Faces Criticism Over Controversial Crypto Asset Security Term
Ripple’s chief legal officer, Stuard Alderoty, criticized the SEC for its controversial term “crypto asset security,” claiming it misleads judges and lacks legal basis. The SEC recently apologized for its use of the term in a Binance case, acknowledging it caused confusion. Alderoty expressed concerns that the SEC is falling behind global regulatory trends in the crypto space. In related news, Dogecoin (DOGE) has seen a significant surge of 1,757% in bullish activity, with major holders increasing their netflow, indicating optimism about the meme coin’s future potential. The accumulation suggests investors are preparing for potential growth, as DOGE approaches its first “golden cross” in over four years.
read moreDogecoin Surges 1757 Percent Amid Increased Whale Activity and Optimism
Dogecoin (DOGE) has surged 1,757% due to significant bullish activity from major holders, with netflow increasing from 7.4 million to 123.03 million DOGE in just 24 hours. This accumulation indicates optimism among investors, coinciding with the coin nearing its first “golden cross” in over four years, a pattern historically linked to substantial price increases.
read moreElon Musk’s Vision Innovations and Dogecoin Support from Billy Markus
Elon Musk highlighted the potential of advanced vision technology, noting initial limitations akin to “Atari graphics,” but suggesting future improvements could surpass natural vision, allowing perception in various wavelengths. Dogecoin co-creator Billy Markus expressed his support for Musk’s innovations, reflecting their shared enthusiasm and political views. Meanwhile, cryptocurrency trader James Fickel faced significant losses, nearly $50 million, after betting on Ethereum’s performance against Bitcoin, exacerbated by a recent decline in the ETH/BTC ratio.
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