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Ethereum Reaches 1M Validators, Community Thinks It’s ‘too Much’The Ethereum network recently hit the one million validator milestone, with 32 million Ether (ETH), valued at approximately $114 billion based on current market prices, currently staked. On March 28, the Dune Analytics dashboard created by Hildobby to track Ethereum staking progress showed that the network achieved a validator count of one million, with the 32 million ETH staked accounting for 26% of the total supply. The data also showed that around 30% of the ETH is staked using the Ethereum staking pool Lido, a liquid staking platform for proof-of-stake (PoS) cryptocurrencies. Staking pools like Lido remain popular because they allow users with a smaller amount of ETH to pool their assets and participate. Ethereum reaches one million validators. Source: Dune Validators ensure the security of a blockchain by monitoring the network for any malicious transactions, such as double-spending, which is essentially spending the same currencies twice. In Ethereum, validators participate in proposing and validating transactions within the network. Those who wish to participate in this process are required to stake 32 ETH. In return, they get a small portion of ETH as a reward. While the number of validators could translate into higher security for a blockchain, some community members think too many validators could pose a problem. Source: Gabriel Weide Venture investor and Ethereum advocate Evan Van Ness said there’s arguably already “too much” staked. Gabriel Weide, who runs a staking pool, believes that too many validators can eventually lead to “failed transactions.” Meanwhile, Peter Kim, the head of engineering at Coinbase Wallet, said that while the number of validators is “impressive,” it’s “artificially inflated by the 32 ETH cap.” However, he suggested this may change soon. Related: Vitalik Buterin on fix for Ethereum centralization: Make running nodes easier As the number of validators continues to rise, Ethereum co-founder Vitalik Buterin proposed a way to improve the network’s decentralization. On March 27, Buterin published a blog post proposing to penalize validators in proportion to their average failure rate. If many validators fail in a given slot, each failure’s penalties will be higher. Such an approach could potentially reduce the advantage of large ETH stakers over smaller ones, according to Buterin. Magazine: ETH a security? Celsius clawbacks, SBF says sentence too harsh: Hodler’s Digest, March 17-23

Ethereum Reaches 1M Validators, Community Thinks It’s ‘too Much’

The Ethereum network recently hit the one million validator milestone, with 32 million Ether (ETH), valued at approximately $114 billion based on current market prices, currently staked.

On March 28, the Dune Analytics dashboard created by Hildobby to track Ethereum staking progress showed that the network achieved a validator count of one million, with the 32 million ETH staked accounting for 26% of the total supply.

The data also showed that around 30% of the ETH is staked using the Ethereum staking pool Lido, a liquid staking platform for proof-of-stake (PoS) cryptocurrencies.

Staking pools like Lido remain popular because they allow users with a smaller amount of ETH to pool their assets and participate.

Ethereum reaches one million validators. Source: Dune

Validators ensure the security of a blockchain by monitoring the network for any malicious transactions, such as double-spending, which is essentially spending the same currencies twice.

In Ethereum, validators participate in proposing and validating transactions within the network. Those who wish to participate in this process are required to stake 32 ETH. In return, they get a small portion of ETH as a reward.

While the number of validators could translate into higher security for a blockchain, some community members think too many validators could pose a problem.

Source: Gabriel Weide

Venture investor and Ethereum advocate Evan Van Ness said there’s arguably already “too much” staked. Gabriel Weide, who runs a staking pool, believes that too many validators can eventually lead to “failed transactions.”

Meanwhile, Peter Kim, the head of engineering at Coinbase Wallet, said that while the number of validators is “impressive,” it’s “artificially inflated by the 32 ETH cap.” However, he suggested this may change soon.

Related: Vitalik Buterin on fix for Ethereum centralization: Make running nodes easier

As the number of validators continues to rise, Ethereum co-founder Vitalik Buterin proposed a way to improve the network’s decentralization. On March 27, Buterin published a blog post proposing to penalize validators in proportion to their average failure rate.

If many validators fail in a given slot, each failure’s penalties will be higher. Such an approach could potentially reduce the advantage of large ETH stakers over smaller ones, according to Buterin.

Magazine: ETH a security? Celsius clawbacks, SBF says sentence too harsh: Hodler’s Digest, March 17-23
Investor Insights: Blackrock’s Influence on Ethereum PriceInvestors everywhere are searching for ways to understand the crypto market’s shifts. BlackRock, a giant in asset management, has made moves that affect Ethereum’s price. This blog will explore BlackRock’s influence on Ethereum, providing insights and predictions to guide your investments. Stay tuned for an eye-opening read. Key Takeaways BlackRock launched its first crypto fund with a $5 million minimum, showing big interest in cryptocurrencies like Ethereum. Despite people thinking BlackRock is heavily influencing crypto markets, their Digital Assets head says they’re mainly exploring blockchain and digital assets. Market experts expect the approval of Ethereum ETFs will attract more investment and possibly lead to more trading and higher prices for Ethereum. The success of Bitcoin ETFs hints at strong demand for an upcoming Ethereum ETF, suggesting this could bring even more investors into the market. Impact of BlackRock on Ethereum Price BlackRock’s involvement in crypto and unveiling of a $5 million minimum crypto fund has influenced Ethereum price. Analysts are projecting market impact from pending Ethereum ETFs linked to BlackRock’s activity. Head of Digital Assets: “Misconception” about BlackRock’s involvement in crypto The head of Digital Assets at BlackRock has addressed what they call a “misconception” about the firm’s role in cryptocurrencies. They stressed that while BlackRock is exploring digital assets, public perception tends to overestimate their involvement. The company’s focus remains on understanding blockchain technology and how it could fit into their investment strategies. Despite rumors, BlackRock’s direct impact on cryptocurrency markets, like Ethereum, is more nuanced than many think. They have shown interest by launching a fund dedicated to tokenized assets on the Ethereum network, hinting at careful entry into the crypto space. This move signals a growing acceptance among institutional investors but doesn’t translate to controlling market trends or prices in digital currencies directly. BlackRock unveils first crypto fund with $5 million minimum BlackRock introduces crypto fund with $5 million minimum. BlackRock, a major player in asset management, steps into the crypto world by launching its debut digital currency investment fund. The new fund demands a hefty $5 million buy-in to gain exposure to cryptocurrencies, marking a significant move for institutional investors looking to dip their toes into the increasingly popular realm of digital assets. This launch signifies BlackRock’s acknowledgement of the growing importance of cryptocurrencies and could potentially pave the way for other traditional financial institutions to follow suit in embracing this ever-changing market. Analysts project market impact of pending Ethereum ETFs Market analysts anticipate a significant market impact once the pending Ethereum ETFs are approved. The introduction of these ETFs is expected to attract substantial investment, potentially leading to a surge in demand for Ethereum. Additionally, it is predicted that the approval of Ethereum ETFs could contribute to heightened price volatility and increased trading activities within the crypto stocks realm. This development aligns with current investment trends and may further amplify the onchain metrics associated with Ethereum, underpinning its ever-evolving position in the cryptocurrency market. — Predictions and Insights on Ethereum Price A $7.8 billion arbitrage window may open up with BlackRock’s ETF. Impact of potential $7.8B arbitrage window with BlackRock’s ETF The potential $7.8B arbitrage window with BlackRock’s ETF could significantly affect Ethereum’s price and market demand. The large capital influx through the ETF could create a substantial gap between the spot price of Ether and the value represented by shares in the ETF, leading to lucrative trading opportunities for investors. This arbitrage window may spark heightened trading activity, influencing Ethereum’s price dynamics and increasing overall market liquidity. Moreover, it has the potential to attract institutional investors seeking exposure to Ethereum without directly owning the cryptocurrency itself, further amplifying demand and impacting its market valuation. Record trading activity for Bitcoin ETF since launch, potential for ETH ETF demand to follow suit. Recorded trading activity for Bitcoin ETF has been exceptionally high since its launch, indicating substantial demand and investor interest. This surge in trading activity sets a promising precedent for potential ETH ETF demand to mirror this trend, facilitating increased market participation and liquidity. As crypto investment avenues broaden, the anticipation of heightened demand for an Ethereum ETF presents opportunities to diversify investment portfolios and capture the evolving landscape of digital assets. Conclusion BlackRock’s introduction of a crypto fund with a minimum investment of $5 million has sparked discussions about its potential influence on Ethereum’s price. With the anticipation of pending Ethereum ETFs, analysts project significant market impact. This could potentially lead to an ETH price surge and create arbitrage opportunities if BlackRock’s ETF gains approval. Moreover, the record trading activity for Bitcoin ETF sets the stage for potential demand for ETH ETFs as well.

Investor Insights: Blackrock’s Influence on Ethereum Price

Investors everywhere are searching for ways to understand the crypto market’s shifts. BlackRock, a giant in asset management, has made moves that affect Ethereum’s price. This blog will explore BlackRock’s influence on Ethereum, providing insights and predictions to guide your investments.

Stay tuned for an eye-opening read.

Key Takeaways

BlackRock launched its first crypto fund with a $5 million minimum, showing big interest in cryptocurrencies like Ethereum.

Despite people thinking BlackRock is heavily influencing crypto markets, their Digital Assets head says they’re mainly exploring blockchain and digital assets.

Market experts expect the approval of Ethereum ETFs will attract more investment and possibly lead to more trading and higher prices for Ethereum.

The success of Bitcoin ETFs hints at strong demand for an upcoming Ethereum ETF, suggesting this could bring even more investors into the market.

Impact of BlackRock on Ethereum Price

BlackRock’s involvement in crypto and unveiling of a $5 million minimum crypto fund has influenced Ethereum price. Analysts are projecting market impact from pending Ethereum ETFs linked to BlackRock’s activity.

Head of Digital Assets: “Misconception” about BlackRock’s involvement in crypto

The head of Digital Assets at BlackRock has addressed what they call a “misconception” about the firm’s role in cryptocurrencies. They stressed that while BlackRock is exploring digital assets, public perception tends to overestimate their involvement.

The company’s focus remains on understanding blockchain technology and how it could fit into their investment strategies.

Despite rumors, BlackRock’s direct impact on cryptocurrency markets, like Ethereum, is more nuanced than many think. They have shown interest by launching a fund dedicated to tokenized assets on the Ethereum network, hinting at careful entry into the crypto space.

This move signals a growing acceptance among institutional investors but doesn’t translate to controlling market trends or prices in digital currencies directly.

BlackRock unveils first crypto fund with $5 million minimum

BlackRock introduces crypto fund with $5 million minimum. BlackRock, a major player in asset management, steps into the crypto world by launching its debut digital currency investment fund.

The new fund demands a hefty $5 million buy-in to gain exposure to cryptocurrencies, marking a significant move for institutional investors looking to dip their toes into the increasingly popular realm of digital assets.

This launch signifies BlackRock’s acknowledgement of the growing importance of cryptocurrencies and could potentially pave the way for other traditional financial institutions to follow suit in embracing this ever-changing market.

Analysts project market impact of pending Ethereum ETFs

Market analysts anticipate a significant market impact once the pending Ethereum ETFs are approved. The introduction of these ETFs is expected to attract substantial investment, potentially leading to a surge in demand for Ethereum.

Additionally, it is predicted that the approval of Ethereum ETFs could contribute to heightened price volatility and increased trading activities within the crypto stocks realm. This development aligns with current investment trends and may further amplify the onchain metrics associated with Ethereum, underpinning its ever-evolving position in the cryptocurrency market.



Predictions and Insights on Ethereum Price

A $7.8 billion arbitrage window may open up with BlackRock’s ETF.

Impact of potential $7.8B arbitrage window with BlackRock’s ETF

The potential $7.8B arbitrage window with BlackRock’s ETF could significantly affect Ethereum’s price and market demand. The large capital influx through the ETF could create a substantial gap between the spot price of Ether and the value represented by shares in the ETF, leading to lucrative trading opportunities for investors.

This arbitrage window may spark heightened trading activity, influencing Ethereum’s price dynamics and increasing overall market liquidity. Moreover, it has the potential to attract institutional investors seeking exposure to Ethereum without directly owning the cryptocurrency itself, further amplifying demand and impacting its market valuation.

Record trading activity for Bitcoin ETF since launch, potential for ETH ETF demand to follow suit.

Recorded trading activity for Bitcoin ETF has been exceptionally high since its launch, indicating substantial demand and investor interest. This surge in trading activity sets a promising precedent for potential ETH ETF demand to mirror this trend, facilitating increased market participation and liquidity.

As crypto investment avenues broaden, the anticipation of heightened demand for an Ethereum ETF presents opportunities to diversify investment portfolios and capture the evolving landscape of digital assets.

Conclusion

BlackRock’s introduction of a crypto fund with a minimum investment of $5 million has sparked discussions about its potential influence on Ethereum’s price. With the anticipation of pending Ethereum ETFs, analysts project significant market impact.

This could potentially lead to an ETH price surge and create arbitrage opportunities if BlackRock’s ETF gains approval. Moreover, the record trading activity for Bitcoin ETF sets the stage for potential demand for ETH ETFs as well.
Vitalik Buterin Is Cooking Up a New Way to Decentralize Ethereum StakingEthereum co-founder Vitalik Buterin has proposed a technique to incentivize better decentralization of Ethereum by penalizing correlated failures among validators.  Buterin posted his thoughts on March 27 regarding supporting decentralized staking “through more anti-correlation incentives” to the Ethereum Research forum. He suggested if multiple validators controlled by the same actor fail together, they would receive a higher penalty than if they failed independently. “The theory is that if you are a single large actor, any mistakes that you make would be more likely to be replicated across all ‘identities’ that you control,” he said. Source: Vitalik Buterin Buterin observed that validators within the same cluster, such as a staking pool, are more likely to experience correlated failures — likely due to shared infrastructure. The proposal suggests penalizing validators proportionally to the deviation from the average failure rate. If many validators fail in a given slot, the penalty for each failure would be higher. Simulations suggest this approach could reduce the advantage of large Ethereum stakers over smaller ones, as large entities are more likely to cause spikes in the failure rate due to correlated failures. Potential benefits to the proposal include incentivizing decentralization by having a separate infrastructure for each validator and making solo staking more economically competitive relative to staking pools. Buterin proposed other options, such as different penalty schemes to minimize the average big validator’s advantage over little validators and examining the impact on geographic and client decentralization. He didn’t mention the possibility of reducing the solo staking amount from 32 Ether (ETH) which currently equates to roughly $111,500. Related: 3 reasons why Ethereum’s market cap dominance is on the rise Staking pools and liquid staking services such as Lido remain popular because they allow stakers to participate with a smaller amount of ETH. Lido currently has $34 billion worth of ETH staked, equating to around 30% of the total supply. Ethereum advocates and developers have previously cautioned over Lido’s dominance and “cartelization,” whereby outsized profits compared to non-pooled capital can be extracted. Magazine: Wolf Of All Streets worries about a world where Bitcoin hits $1M: Hall of Flame

Vitalik Buterin Is Cooking Up a New Way to Decentralize Ethereum Staking

Ethereum co-founder Vitalik Buterin has proposed a technique to incentivize better decentralization of Ethereum by penalizing correlated failures among validators. 

Buterin posted his thoughts on March 27 regarding supporting decentralized staking “through more anti-correlation incentives” to the Ethereum Research forum.

He suggested if multiple validators controlled by the same actor fail together, they would receive a higher penalty than if they failed independently.

“The theory is that if you are a single large actor, any mistakes that you make would be more likely to be replicated across all ‘identities’ that you control,” he said.

Source: Vitalik Buterin

Buterin observed that validators within the same cluster, such as a staking pool, are more likely to experience correlated failures — likely due to shared infrastructure.

The proposal suggests penalizing validators proportionally to the deviation from the average failure rate. If many validators fail in a given slot, the penalty for each failure would be higher.

Simulations suggest this approach could reduce the advantage of large Ethereum stakers over smaller ones, as large entities are more likely to cause spikes in the failure rate due to correlated failures.

Potential benefits to the proposal include incentivizing decentralization by having a separate infrastructure for each validator and making solo staking more economically competitive relative to staking pools.

Buterin proposed other options, such as different penalty schemes to minimize the average big validator’s advantage over little validators and examining the impact on geographic and client decentralization.

He didn’t mention the possibility of reducing the solo staking amount from 32 Ether (ETH) which currently equates to roughly $111,500.

Related: 3 reasons why Ethereum’s market cap dominance is on the rise

Staking pools and liquid staking services such as Lido remain popular because they allow stakers to participate with a smaller amount of ETH.

Lido currently has $34 billion worth of ETH staked, equating to around 30% of the total supply.

Ethereum advocates and developers have previously cautioned over Lido’s dominance and “cartelization,” whereby outsized profits compared to non-pooled capital can be extracted.

Magazine: Wolf Of All Streets worries about a world where Bitcoin hits $1M: Hall of Flame
#Ethereum Trend Reversal! 📉📈 $ETH is making a nice trend reversal on the 4hr timeframe. We are now creating a higher high and a higher low. This looks very bullish for #ETH and it looks ready to test the $4,000 again 👀
#Ethereum Trend Reversal! 📉📈

$ETH is making a nice trend reversal on the 4hr timeframe.
We are now creating a higher high and a higher low.

This looks very bullish for #ETH and it looks ready to test the $4,000 again 👀
Ethereum Price Analysis: Navigating the Path to Potential Bullish MomentumEthereum’s Resilience Amidst Market Volatility: In recent trading sessions, Ethereum has a showcased remarkable resilience, defying market volatility and maintaining its position above the $3,550 support zone. Despite intermittent fluctuations, Ethereum’s price has managed to sustain upward momentum, indicating underlying strength in the market sentiment. As Ethereum’s price hovers around crucial levels, investors are keenly observing its trajectory for signs of potential bullish momentum.&middot For the full story, head over to TheCurrencyAnalytics.com.

Ethereum Price Analysis: Navigating the Path to Potential Bullish Momentum

Ethereum’s Resilience Amidst Market Volatility:

In recent trading sessions, Ethereum has a showcased remarkable resilience, defying market volatility and maintaining its position above the $3,550 support zone. Despite intermittent fluctuations, Ethereum’s price has managed to sustain upward momentum, indicating underlying strength in the market sentiment. As Ethereum’s price hovers around crucial levels, investors are keenly observing its trajectory for signs of potential bullish momentum.&middot

For the full story, head over to TheCurrencyAnalytics.com.
Let’s Break Down Vitalik Buterin’s Latest EssayVitalik Buterin, the brain behind Ethereum, dropped a thought bomb on the crypto community, challenging us to rethink what we know about decentralization. He’s not one to shy away from the tough topics, and this time, it’s no different. Buterin is throwing down the gauntlet, suggesting we might be doing decentralization all wrong. He’s proposing a wild idea: make the crypto world a fairer place by slapping bigger penalties on those who mess up in a way that screams, “I’m gaming the system.” Rethinking Penalties: A Game Changer for Decentralization Buterin’s not just talking out of his hat here. He’s got a plan, and it’s all about making big players sweat a little when they screw up. Right now, in Ethereum land, if you mess up, you get a slap on the wrist, a penalty. But here’s where Buterin turns the tables: what if the more you and your clone army mess up together, the more you pay? It’s like saying, “Oh, you thought you could outsmart the system by being everywhere at once? Think again.” This idea isn’t new to Ethereum, where they’ve already got some of this smart thinking in the slashing and inactivity leak mechanics. But Buterin’s saying it’s not enough. We need to dial it up for the everyday mistakes too, not just the once-in-a-blue-moon mega fails. He’s got the numbers to back it up. Buterin and co. have been crunching the data, looking at when validators are supposed to do their thing and when they actually do it. They’re also peeking into who’s who in the Ethereum zoo, linking validator IDs to the big names like Lido, Coinbase, and yes, even Buterin himself. The results? When validators in the same crew are supposed to attest at the same time and don’t, it happens way more than it should by sheer chance. This isn’t just bad luck; it’s a pattern. Buterin’s deep dive into the data shows us that, yes, these big validator clusters are messing up together more often than they should. It’s like they’re all tripping over the same cable. If things were really decentralized, these failures wouldn’t be so… cozy. They’d be all over the place, not huddled together, whispering, “Oops, we did it again.” Crunching the Numbers: The Buterin Way Let’s get into the nitty-gritty of how Buterin suggests we fix this. Imagine every slot in the Ethereum blockchain is a little contest, and if you miss more slots than the average, you start to rack up penalties. But here’s the kicker: these penalties grow the more you and your buddies miss together. It’s a way to say, “Play fair, or pay up.” And this isn’t just theoretical. Buterin ran the numbers, and the results are pretty telling. The more this penalty system is put into play, the less advantage the big guys have. Suddenly, being a behemoth with a zillion validators doesn’t look so hot. But what’s really going on here? Well, in the grand scheme of things, the total number of misses is pretty small. But for a big player, even a few misses can skew the numbers because they have so many validators. This means they can single-handedly bump up the failure rate for a slot, which, in turn, bumps up their penalties. It’s a self-own of epic proportions. So, could a big staker just spread out their validators to avoid these penalties? Sure, but then they lose their economies of scale, which is a fancy way of saying, “It’s gonna cost you.” And that’s the beauty of Buterin’s proposal. It’s a subtle nudge to big players, saying, “Maybe don’t put all your eggs in one basket.”

Let’s Break Down Vitalik Buterin’s Latest Essay

Vitalik Buterin, the brain behind Ethereum, dropped a thought bomb on the crypto community, challenging us to rethink what we know about decentralization. He’s not one to shy away from the tough topics, and this time, it’s no different. Buterin is throwing down the gauntlet, suggesting we might be doing decentralization all wrong. He’s proposing a wild idea: make the crypto world a fairer place by slapping bigger penalties on those who mess up in a way that screams, “I’m gaming the system.”

Rethinking Penalties: A Game Changer for Decentralization

Buterin’s not just talking out of his hat here. He’s got a plan, and it’s all about making big players sweat a little when they screw up. Right now, in Ethereum land, if you mess up, you get a slap on the wrist, a penalty. But here’s where Buterin turns the tables: what if the more you and your clone army mess up together, the more you pay?

It’s like saying, “Oh, you thought you could outsmart the system by being everywhere at once? Think again.” This idea isn’t new to Ethereum, where they’ve already got some of this smart thinking in the slashing and inactivity leak mechanics. But Buterin’s saying it’s not enough. We need to dial it up for the everyday mistakes too, not just the once-in-a-blue-moon mega fails.

He’s got the numbers to back it up. Buterin and co. have been crunching the data, looking at when validators are supposed to do their thing and when they actually do it. They’re also peeking into who’s who in the Ethereum zoo, linking validator IDs to the big names like Lido, Coinbase, and yes, even Buterin himself. The results? When validators in the same crew are supposed to attest at the same time and don’t, it happens way more than it should by sheer chance. This isn’t just bad luck; it’s a pattern.

Buterin’s deep dive into the data shows us that, yes, these big validator clusters are messing up together more often than they should. It’s like they’re all tripping over the same cable. If things were really decentralized, these failures wouldn’t be so… cozy. They’d be all over the place, not huddled together, whispering, “Oops, we did it again.”

Crunching the Numbers: The Buterin Way

Let’s get into the nitty-gritty of how Buterin suggests we fix this. Imagine every slot in the Ethereum blockchain is a little contest, and if you miss more slots than the average, you start to rack up penalties. But here’s the kicker: these penalties grow the more you and your buddies miss together. It’s a way to say, “Play fair, or pay up.” And this isn’t just theoretical. Buterin ran the numbers, and the results are pretty telling. The more this penalty system is put into play, the less advantage the big guys have. Suddenly, being a behemoth with a zillion validators doesn’t look so hot.

But what’s really going on here? Well, in the grand scheme of things, the total number of misses is pretty small. But for a big player, even a few misses can skew the numbers because they have so many validators. This means they can single-handedly bump up the failure rate for a slot, which, in turn, bumps up their penalties. It’s a self-own of epic proportions.

So, could a big staker just spread out their validators to avoid these penalties? Sure, but then they lose their economies of scale, which is a fancy way of saying, “It’s gonna cost you.” And that’s the beauty of Buterin’s proposal. It’s a subtle nudge to big players, saying, “Maybe don’t put all your eggs in one basket.”
Tokenized US Treasury Notes Market Value Surpasses $1 BillionAccording to CoinDesk, the market value of tokenized US Treasury notes has crossed the $1 billion mark for the first time. Data tracked by 21.co reveals that $1.08 billion in Treasury notes has been tokenized through public blockchains such as Ethereum, Polygon, Valanche, Stellar, and others. The market value has increased nearly 10-fold since January 2023, driven by rising interest rates worldwide. BlackRock's Ethereum-based tokenized fund BUIDL has contributed to this growth, with its tokenized value increasing by 400% from $40 million to $240 million in just one week. BUIDL is currently the second-largest fund of its kind, trailing only Franklin Templeton's Franklin OnChain U.S. Government Money Fund (FOBXX), which has $360.2 million in deposits. OndoFinance is now the largest holder of BUIDL, holding 38% of the total supply. The rapid rise in Treasury yields over the past two years has fueled demand for tokenized versions of these securities. The 10-year yield, known as the risk-free rate, has increased to 4.22% from 1.69% since March 2022. This has diminished the appeal of lending and borrowing dollar-pegged stablecoins in the decentralized finance market. Investing in tokenized Treasuries allows crypto investors to diversify their portfolios and settle transactions on any given day. According to Tom Wan, an analyst at 21.co, the advantage of tokenization is the ability to settle transactions 24/7.

Tokenized US Treasury Notes Market Value Surpasses $1 Billion

According to CoinDesk, the market value of tokenized US Treasury notes has crossed the $1 billion mark for the first time. Data tracked by 21.co reveals that $1.08 billion in Treasury notes has been tokenized through public blockchains such as Ethereum, Polygon, Valanche, Stellar, and others. The market value has increased nearly 10-fold since January 2023, driven by rising interest rates worldwide.

BlackRock's Ethereum-based tokenized fund BUIDL has contributed to this growth, with its tokenized value increasing by 400% from $40 million to $240 million in just one week. BUIDL is currently the second-largest fund of its kind, trailing only Franklin Templeton's Franklin OnChain U.S. Government Money Fund (FOBXX), which has $360.2 million in deposits. OndoFinance is now the largest holder of BUIDL, holding 38% of the total supply.

The rapid rise in Treasury yields over the past two years has fueled demand for tokenized versions of these securities. The 10-year yield, known as the risk-free rate, has increased to 4.22% from 1.69% since March 2022. This has diminished the appeal of lending and borrowing dollar-pegged stablecoins in the decentralized finance market. Investing in tokenized Treasuries allows crypto investors to diversify their portfolios and settle transactions on any given day. According to Tom Wan, an analyst at 21.co, the advantage of tokenization is the ability to settle transactions 24/7.
The market heats up awaiting the expiration of $15 billion options on Deribit: Bitcoin and Ethere...Eyes on the price of BTC and ETH: in less than 21 hours, options contracts on Bitcoin and Ethereum worth 15 billion dollars will expire. The price of the cryptographic king and queen could experience extreme volatility, as traders aim to keep BTC at $70,000 and ETH at $3,500. Let’s see all the details below. Tomorrow 15 billion Deribit options on the Bitcoin and Ethereum markets will expire: what will be the impact on the price? We all know by now that the cryptocurrency market reacts more or less hysterically based on certain events of a temporal nature: one of these is the expiration, scheduled for tomorrow, of options on Bitcoin and Ethereum for 15.2 billion dollars. As we can see within the derivatives trading platform Deribit, on March 29th contracts on BTC and ETH worth respectively 9.5 billion dollars and 5.7 billion dollars will expire, with the price of both coins potentially experiencing a rollercoaster situation. We remind you that Deribit represents the largest cryptocurrency options platform in the world, with an 85% market share, followed by Binance, Okx, and Bybit. This is a deadline that will lead to the expiration of 40% of the total notional open interest of Bitcoin and 43% of that of Ethereum, with a probably decisive impact on the short-term price action of the two assets. As experts point out, like Luuk Strijers from Deribit, many of these options are destined to expire “In The Money” (ITM), meaning with profits in favor of traders who have benefited from the rise in prices of the entire crypto market. This could lead to a strong price increase for the two cryptos, with extreme volatility on the horizon. These are his words in a recent interview with Coindesk: “These levels are higher than usual, which can also be seen in the lower maximum levels of pain. The reason is, of course, the recent price increase. Higher levels of ITM expirations could lead to potential upward pressure or volatility in the underlying.” Traders’ confidence in the price movement of the Bitcoin and Ethereum markets, as highlighted by Strijers, is justified by the low level of “max pain price” which is respectively at 51,000 USD for BTC and 2,600 USD for ETH. Usually institutional traders seek to bring the price of an underlying asset as close as possible to this level, with the aim of inflicting the maximum loss on call option buyers. However, in this case, it seems that buyers are destined to close their positions at a profit, triggering a possible rally. Attention to possible spikes in the area of 70,000 USD for BTC and 3,500 USD for ETH, as we approach the deadline, flash incursions around these levels will become more and more likely. According to David Brickell, head of international distribution at the Toronto-based cryptocurrency platform FRNT Financial, the cause can be found in the positioning of coverage by several dealers, short of 50 million dollars of Gamma while most orders are concentrated around the identified price ranges. Fasten your seat belts, and avoid opening high leverage futures positions, given the high probability of being liquidated by an unpredictable market move. Also pay attention to the date of April 5th for Ethereum, because on that occasion options with a relatively low open interest will expire, but with a notional value of calls higher than the current one (expiration on March 29th) and with a max pain price equal to 3,500 USD. For Bitcoin the next date to watch is April 26, with another $5 billion in expiring positions. Analysis of the price of crypto BTC and ETH While options traders are in fibrillation for the expiration of a flood of contracts, Bitcoin and Ethereum are struggling to maintain their price within a bullish structure. In detail on BTC, after yesterday’s afternoon movement in which the shorts went to take the liquidity set just below the $72,000 level, long traders have returned to the scene, bringing the asset’s prices above the pre-dump price. In the 4h chart we can clearly see how the crypto n°1 for market capitalization is holding well above the EMA 50, recovering from a brief dip in the previous days. Indicatively, the price zones to keep under control are $71,500 USD, as if broken, it could accelerate volatility to the upside, and $68,000 USD, below which we could go hunting for a “V shape recovery” pattern or for immediate liquidity absorption. It could be a good idea to place a purchase order down there, assuming a temporary crash and a subsequent recovery. If there is a break to the upside instead, let’s expect a quick reach of 74,000 USD: For Ethereum the situation is similar but with a more downward/sideways trend. ETH prices are also above the EMA 50 on the 4h chart, but they have not yet recovered from yesterday’s short dump. The selling pressure, triggered by the negativity inflicted by the SEC’s decision delay on an ether spot ETF, could still be felt for a while as options traders await tomorrow’s expiration. Pay attention to the level of 3,500 USD which is crucial to protect in order to fuel the hopes of the bulls to see the crypto above 4,000 USD in the short term. For an immediate restart, the first goal is the break of 3,650 USD, which would open the doors to a phase of violent price increase. If there is a decline, let’s prepare to see the currency below 3,300 USD, and possibly even close to 3,100 USD. The strategy of placing a purchase order at these levels (generally -10% from current values) remains valid even in this case, trying to take advantage of market volatility. 4h chart of Ethereum price (ETH/USD)

The market heats up awaiting the expiration of $15 billion options on Deribit: Bitcoin and Ethere...

Eyes on the price of BTC and ETH: in less than 21 hours, options contracts on Bitcoin and Ethereum worth 15 billion dollars will expire.

The price of the cryptographic king and queen could experience extreme volatility, as traders aim to keep BTC at $70,000 and ETH at $3,500.

Let’s see all the details below.

Tomorrow 15 billion Deribit options on the Bitcoin and Ethereum markets will expire: what will be the impact on the price?

We all know by now that the cryptocurrency market reacts more or less hysterically based on certain events of a temporal nature: one of these is the expiration, scheduled for tomorrow, of options on Bitcoin and Ethereum for 15.2 billion dollars.

As we can see within the derivatives trading platform Deribit, on March 29th contracts on BTC and ETH worth respectively 9.5 billion dollars and 5.7 billion dollars will expire, with the price of both coins potentially experiencing a rollercoaster situation.

We remind you that Deribit represents the largest cryptocurrency options platform in the world, with an 85% market share, followed by Binance, Okx, and Bybit.

This is a deadline that will lead to the expiration of 40% of the total notional open interest of Bitcoin and 43% of that of Ethereum, with a probably decisive impact on the short-term price action of the two assets.

As experts point out, like Luuk Strijers from Deribit, many of these options are destined to expire “In The Money” (ITM), meaning with profits in favor of traders who have benefited from the rise in prices of the entire crypto market.

This could lead to a strong price increase for the two cryptos, with extreme volatility on the horizon.

These are his words in a recent interview with Coindesk:

“These levels are higher than usual, which can also be seen in the lower maximum levels of pain. The reason is, of course, the recent price increase. Higher levels of ITM expirations could lead to potential upward pressure or volatility in the underlying.”

Traders’ confidence in the price movement of the Bitcoin and Ethereum markets, as highlighted by Strijers, is justified by the low level of “max pain price” which is respectively at 51,000 USD for BTC and 2,600 USD for ETH.

Usually institutional traders seek to bring the price of an underlying asset as close as possible to this level, with the aim of inflicting the maximum loss on call option buyers. However, in this case, it seems that buyers are destined to close their positions at a profit, triggering a possible rally.

Attention to possible spikes in the area of 70,000 USD for BTC and 3,500 USD for ETH, as we approach the deadline, flash incursions around these levels will become more and more likely.

According to David Brickell, head of international distribution at the Toronto-based cryptocurrency platform FRNT Financial, the cause can be found in the positioning of coverage by several dealers, short of 50 million dollars of Gamma while most orders are concentrated around the identified price ranges.

Fasten your seat belts, and avoid opening high leverage futures positions, given the high probability of being liquidated by an unpredictable market move.

Also pay attention to the date of April 5th for Ethereum, because on that occasion options with a relatively low open interest will expire, but with a notional value of calls higher than the current one (expiration on March 29th) and with a max pain price equal to 3,500 USD.

For Bitcoin the next date to watch is April 26, with another $5 billion in expiring positions.

Analysis of the price of crypto BTC and ETH

While options traders are in fibrillation for the expiration of a flood of contracts, Bitcoin and Ethereum are struggling to maintain their price within a bullish structure.

In detail on BTC, after yesterday’s afternoon movement in which the shorts went to take the liquidity set just below the $72,000 level, long traders have returned to the scene, bringing the asset’s prices above the pre-dump price.

In the 4h chart we can clearly see how the crypto n°1 for market capitalization is holding well above the EMA 50, recovering from a brief dip in the previous days.

Indicatively, the price zones to keep under control are $71,500 USD, as if broken, it could accelerate volatility to the upside, and $68,000 USD, below which we could go hunting for a “V shape recovery” pattern or for immediate liquidity absorption.

It could be a good idea to place a purchase order down there, assuming a temporary crash and a subsequent recovery.

If there is a break to the upside instead, let’s expect a quick reach of 74,000 USD:

For Ethereum the situation is similar but with a more downward/sideways trend.

ETH prices are also above the EMA 50 on the 4h chart, but they have not yet recovered from yesterday’s short dump.

The selling pressure, triggered by the negativity inflicted by the SEC’s decision delay on an ether spot ETF, could still be felt for a while as options traders await tomorrow’s expiration.

Pay attention to the level of 3,500 USD which is crucial to protect in order to fuel the hopes of the bulls to see the crypto above 4,000 USD in the short term.

For an immediate restart, the first goal is the break of 3,650 USD, which would open the doors to a phase of violent price increase.

If there is a decline, let’s prepare to see the currency below 3,300 USD, and possibly even close to 3,100 USD.

The strategy of placing a purchase order at these levels (generally -10% from current values) remains valid even in this case, trying to take advantage of market volatility.

4h chart of Ethereum price (ETH/USD)
Probability of XRP ETF Launching Before ETH ETF: Market Insights and Price AnalysisThe post Probability of XRP ETF Launching Before ETH ETF: Market Insights and Price Analysis appeared first on Coinpedia Fintech News With the current speculation surrounding the potential launch of Ethereum ETFs, recent market insights by pro-market experts suggest that an XRP ETF might be launched before its Ethereum counterpart.  Let’s delve into and analyze the evolving market dynamics behind the probability of an XRP ETF launch building up before an ETH ETF. Market Sentiments and Regulatory Outlook Amidst escalating discussions within the crypto community, Fox Business reporter Eleanor Terret has shared her insights from a fireside chat with Valkyrie Funds’ CIO.  The chat sums up in two main points – “He believes $ETH could be a security and the spot ETF will not get approved in May. He thinks it’s more likely a $LTC or $XRP spot ETF gets approved…”  Steven McClurg, CIO of Valkyrie Funds, emphasizes the likelihood of the SEC treating Ethereum as a security. Moreover, the investigation probe surrounding Ethereum is also complicating the prospects of a spot ETH ETF approval.  McClurg’s insights underscore the growing speculation surrounding the regulatory fate of crypto ETFs, with XRP and Litecoin ETFs emerging as frontrunners in the approval race. Price Action Analysis: XRP and Ethereum While the regulatory clarity remains uncertain for both XRP and ETH, one nearing the end of its lawsuit, and one probably in the investigation stages before a lawsuit, the price action of both XRP and Ethereum has provided additional insights into market sentiments.  Ripple CEO’s comments demanding regulatory clarity needed for the potential launch of an XRP ETF, coupled with the market optimism surrounding XRPL suggest that people are interested in XRP’s ETF prospects.  Conversely, Ethereum’s price dynamics have dived. The much anticipated Dencun update although, did push the Ethereum price to a new all-time high, but the coin has been facing a lot of volatility influenced by inquiries from US Congress members regarding Ethereum’s security status As Ethereum’s price hovers below $3,700, the unresolved regulatory questions add a layer of uncertainty to its market trajectory, contrasting with the positive market sentiment towards XRP.

Probability of XRP ETF Launching Before ETH ETF: Market Insights and Price Analysis

The post Probability of XRP ETF Launching Before ETH ETF: Market Insights and Price Analysis appeared first on Coinpedia Fintech News

With the current speculation surrounding the potential launch of Ethereum ETFs, recent market insights by pro-market experts suggest that an XRP ETF might be launched before its Ethereum counterpart. 

Let’s delve into and analyze the evolving market dynamics behind the probability of an XRP ETF launch building up before an ETH ETF.

Market Sentiments and Regulatory Outlook

Amidst escalating discussions within the crypto community, Fox Business reporter Eleanor Terret has shared her insights from a fireside chat with Valkyrie Funds’ CIO. 

The chat sums up in two main points – “He believes $ETH could be a security and the spot ETF will not get approved in May. He thinks it’s more likely a $LTC or $XRP spot ETF gets approved…” 

Steven McClurg, CIO of Valkyrie Funds, emphasizes the likelihood of the SEC treating Ethereum as a security. Moreover, the investigation probe surrounding Ethereum is also complicating the prospects of a spot ETH ETF approval. 

McClurg’s insights underscore the growing speculation surrounding the regulatory fate of crypto ETFs, with XRP and Litecoin ETFs emerging as frontrunners in the approval race.

Price Action Analysis: XRP and Ethereum

While the regulatory clarity remains uncertain for both XRP and ETH, one nearing the end of its lawsuit, and one probably in the investigation stages before a lawsuit, the price action of both XRP and Ethereum has provided additional insights into market sentiments. 

Ripple CEO’s comments demanding regulatory clarity needed for the potential launch of an XRP ETF, coupled with the market optimism surrounding XRPL suggest that people are interested in XRP’s ETF prospects. 

Conversely, Ethereum’s price dynamics have dived. The much anticipated Dencun update although, did push the Ethereum price to a new all-time high, but the coin has been facing a lot of volatility influenced by inquiries from US Congress members regarding Ethereum’s security status

As Ethereum’s price hovers below $3,700, the unresolved regulatory questions add a layer of uncertainty to its market trajectory, contrasting with the positive market sentiment towards XRP.
Possible Price Growth of Ethereum: What Is Needed for a Bullish TurnThe value of Ethereum signals positive trends above the price level of $3,550. To continue the upward movement, it is crucial to overcome the resistance at the $3,680 level. Ethereum Maintains an Upward Trend The rise in Ethereum's price started above the resistance zone of $3,500. ETH bulls managed to push the price into positive territory above $3,580, similar to Bitcoin. ETH crossed the $3,650 resistance, reaching a high of $3,680 before starting to decline. A slight drop below the $3,600 level followed, and the price fell below the 23.6% Fib retracement level of the move from $3,302 to a high of $3,680. Ethereum is currently trading above $3,580 and the 100-hour moving average. In the hourly ETH/USD chart, a major bullish trend line is forming with support at $3,590. The first major resistance is near $3,640, with the key resistance at $3,680. Another significant resistance level is at $3,720, and crossing it could lead to a bullish momentum. In such a case, Ether could aim for the $3,800 level, and upon crossing this threshold, possibly even $3,880. Any further rise could test the $4,000 mark. Support for ETH Drops? If Ethereum fails to overcome the resistance at the $3,640 level, it could lead to further decline. The first downward support is around $3,590 and the trend line. The main support area is around $3,550. The $3,500 zone or the 50% Fib retracement level of the move from $3,302 to the high of $3,680 could also be important support. A significant drop below $3,500 could lead to further decline to $3,390. Further losses could push the price to the $3,250 level. $ETH #Ethereum #ETH Notice: ,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Possible Price Growth of Ethereum: What Is Needed for a Bullish Turn

The value of Ethereum signals positive trends above the price level of $3,550. To continue the upward movement, it is crucial to overcome the resistance at the $3,680 level.
Ethereum Maintains an Upward Trend
The rise in Ethereum's price started above the resistance zone of $3,500. ETH bulls managed to push the price into positive territory above $3,580, similar to Bitcoin.
ETH crossed the $3,650 resistance, reaching a high of $3,680 before starting to decline. A slight drop below the $3,600 level followed, and the price fell below the 23.6% Fib retracement level of the move from $3,302 to a high of $3,680.
Ethereum is currently trading above $3,580 and the 100-hour moving average. In the hourly ETH/USD chart, a major bullish trend line is forming with support at $3,590.

The first major resistance is near $3,640, with the key resistance at $3,680. Another significant resistance level is at $3,720, and crossing it could lead to a bullish momentum. In such a case, Ether could aim for the $3,800 level, and upon crossing this threshold, possibly even $3,880. Any further rise could test the $4,000 mark.
Support for ETH Drops?
If Ethereum fails to overcome the resistance at the $3,640 level, it could lead to further decline. The first downward support is around $3,590 and the trend line.
The main support area is around $3,550. The $3,500 zone or the 50% Fib retracement level of the move from $3,302 to the high of $3,680 could also be important support. A significant drop below $3,500 could lead to further decline to $3,390. Further losses could push the price to the $3,250 level.
$ETH
#Ethereum #ETH

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Ethereum(ETH) Drops Below 3,500 USDT with a 3.16% Decrease in 24 HoursOn Mar 28, 2024, 01:30 AM(UTC). According to Binance Market Data, Ethereum has dropped below 3,500 USDT and is now trading at 3,499.189941 USDT, with a 3.16% decrease in 24 hours.

Ethereum(ETH) Drops Below 3,500 USDT with a 3.16% Decrease in 24 Hours

On Mar 28, 2024, 01:30 AM(UTC). According to Binance Market Data, Ethereum has dropped below 3,500 USDT and is now trading at 3,499.189941 USDT, with a 3.16% decrease in 24 hours.
3 Best Cryptocurrencies for Beginner Investors This Bull RunThe cryptocurrency market is booming, fuelled by excitement and the prospect of a bull run following Bitcoin’s halving. This can be intimidating as well as exhilarating for novice investors. Although the prospect of large profits is alluring, understanding the intricate world of cryptocurrency demands caution and knowledge. Here, we examine three cryptocurrencies that, given the current market boom, might be a good fit for novice investors, putting a focus on attributes like project stability, accessibility, and long-term potential. Retik Finance (RETIK) Relatively new to the cryptocurrency market, Retik Finance (RETIK) has already made a name for itself as a promising initiative in decentralized finance. Users may manage their digital assets and engage in decentralized finance activities with ease because of the platform’s creative ecosystem of products and services, which includes the Retik Wallet, Retik Debit Card, and Retik Pay. With the help of a committed team and an expanding network of supporters, Retik Finance offers novice investors a thrilling chance to participate in the rapidly expanding DeFi industry. Although Ethereum and Polygon are well-known participants in the cryptocurrency space, Retik Finance (RETIK) offers novice investors a thrilling chance to expand their holdings and take advantage of the possibility of large profits.  Here are the reasons Retik Finance (RETIK) is a good option for novice investors: Potential for Growth: Retik Finance has a lot of room to expand in the cryptocurrency market, given that it is a relatively young initiative. Retik Finance has rapidly acquired popularity among investors and members of the Crypto community with its cutting-edge features and user-centric attitude, especially in light of the recent introduction of its Retik Virtual Debit Card, which suggests the possibility of substantial future returns. Low Entry Point: Retik Finance’s $0.12 pricing point makes it possible for novice investors to make a significant investment in the project at a low-risk factor. Retik Finance (RETIK) is available to a broad spectrum of investors, irrespective of their financial experience or level of experience, due to its low entrance barrier. Ethereum (ETH) The “giant of smart contracts,” Ethereum, is still one of the finest and most exciting cryptocurrencies for novice investors. Ethereum has become a mainstay of the decentralized finance (DeFi) ecosystem as the first blockchain platform that allows smart contracts to be executed. Ethereum keeps drawing in investors who want to learn more about the emerging field of decentralized finance thanks to its strong infrastructure, active development community, and variety of applications. Why Consider ETH During the Bull Run? DeFi Boom Potential: There will probably be more activity in the DeFi space following a bull run that saw a halving. As the most popular DeFi platform, ETH may experience a sharp increase in value as demand for DeFi services grows. Network Upgrade: The much-awaited Ethereum upgrade, “The Merge,” is expected to improve efficiency and scalability. If the update is effective, investor confidence may return and ETH’s price may rise. Polygon (MATIC) After rebranding as Matic Network, Polygon has become a major force in the cryptocurrency space by providing answers to issues with Ethereum’s scalability and expensive transaction costs. By enhancing the network’s scalability and interoperability as a layer 2 scaling alternative for Ethereum, Polygon hopes to draw in both users and developers. Polygon’s emphasis on scalability is one of the main reasons novice investors ought to consider it. The low throughput and expensive gas costs associated with Ethereum have become major complaints from users, which is impeding the network’s adoption and usage.  Why Consider MATIC During the Bull Run? Following the Ethereum Wave: MATIC, a crucial scaling solution, is expected to profit from this favorable momentum if Ethereum sees significant gains during the bull run. Interoperability: Polygon is constantly researching ways to make its blockchains work with one another. With its emphasis on teamwork, MATIC may find itself in an important spot as the DeFi field develops. Conclusion Newcomers to the investment scene have a unique opportunity to partake in the excitement and potentially reap substantial profits as the cryptocurrency market continues its ascent to unprecedented levels. Choosing assets with strong fundamentals, advanced technology, and promising growth prospects can position investors for success, both amidst the ongoing bull market and beyond. Among the top cryptocurrencies that novice investors should consider adding to their portfolios during this bullish phase are Ethereum, Polygon, and the remarkable Retik Finance. These investments offer exposure to different aspects of the dynamic cryptocurrency landscape. By conducting thorough research, exercising caution, and adopting a long-term investment approach, beginner investors can capitalize on the opportunities presented by the captivating realm of cryptocurrencies and navigate the bull market with confidence. Visit the links below for more information about Retik Finance (RETIK): Website Whitepaper Twitter Telegram

3 Best Cryptocurrencies for Beginner Investors This Bull Run

The cryptocurrency market is booming, fuelled by excitement and the prospect of a bull run following Bitcoin’s halving. This can be intimidating as well as exhilarating for novice investors. Although the prospect of large profits is alluring, understanding the intricate world of cryptocurrency demands caution and knowledge. Here, we examine three cryptocurrencies that, given the current market boom, might be a good fit for novice investors, putting a focus on attributes like project stability, accessibility, and long-term potential.

Retik Finance (RETIK)

Relatively new to the cryptocurrency market, Retik Finance (RETIK) has already made a name for itself as a promising initiative in decentralized finance. Users may manage their digital assets and engage in decentralized finance activities with ease because of the platform’s creative ecosystem of products and services, which includes the Retik Wallet, Retik Debit Card, and Retik Pay. With the help of a committed team and an expanding network of supporters, Retik Finance offers novice investors a thrilling chance to participate in the rapidly expanding DeFi industry. Although Ethereum and Polygon are well-known participants in the cryptocurrency space, Retik Finance (RETIK) offers novice investors a thrilling chance to expand their holdings and take advantage of the possibility of large profits. 

Here are the reasons Retik Finance (RETIK) is a good option for novice investors:

Potential for Growth: Retik Finance has a lot of room to expand in the cryptocurrency market, given that it is a relatively young initiative. Retik Finance has rapidly acquired popularity among investors and members of the Crypto community with its cutting-edge features and user-centric attitude, especially in light of the recent introduction of its Retik Virtual Debit Card, which suggests the possibility of substantial future returns.

Low Entry Point: Retik Finance’s $0.12 pricing point makes it possible for novice investors to make a significant investment in the project at a low-risk factor. Retik Finance (RETIK) is available to a broad spectrum of investors, irrespective of their financial experience or level of experience, due to its low entrance barrier.

Ethereum (ETH)

The “giant of smart contracts,” Ethereum, is still one of the finest and most exciting cryptocurrencies for novice investors. Ethereum has become a mainstay of the decentralized finance (DeFi) ecosystem as the first blockchain platform that allows smart contracts to be executed. Ethereum keeps drawing in investors who want to learn more about the emerging field of decentralized finance thanks to its strong infrastructure, active development community, and variety of applications.

Why Consider ETH During the Bull Run?

DeFi Boom Potential: There will probably be more activity in the DeFi space following a bull run that saw a halving. As the most popular DeFi platform, ETH may experience a sharp increase in value as demand for DeFi services grows.

Network Upgrade: The much-awaited Ethereum upgrade, “The Merge,” is expected to improve efficiency and scalability. If the update is effective, investor confidence may return and ETH’s price may rise.

Polygon (MATIC)

After rebranding as Matic Network, Polygon has become a major force in the cryptocurrency space by providing answers to issues with Ethereum’s scalability and expensive transaction costs. By enhancing the network’s scalability and interoperability as a layer 2 scaling alternative for Ethereum, Polygon hopes to draw in both users and developers. Polygon’s emphasis on scalability is one of the main reasons novice investors ought to consider it. The low throughput and expensive gas costs associated with Ethereum have become major complaints from users, which is impeding the network’s adoption and usage. 

Why Consider MATIC During the Bull Run?

Following the Ethereum Wave: MATIC, a crucial scaling solution, is expected to profit from this favorable momentum if Ethereum sees significant gains during the bull run.

Interoperability: Polygon is constantly researching ways to make its blockchains work with one another. With its emphasis on teamwork, MATIC may find itself in an important spot as the DeFi field develops.

Conclusion

Newcomers to the investment scene have a unique opportunity to partake in the excitement and potentially reap substantial profits as the cryptocurrency market continues its ascent to unprecedented levels. Choosing assets with strong fundamentals, advanced technology, and promising growth prospects can position investors for success, both amidst the ongoing bull market and beyond. Among the top cryptocurrencies that novice investors should consider adding to their portfolios during this bullish phase are Ethereum, Polygon, and the remarkable Retik Finance. These investments offer exposure to different aspects of the dynamic cryptocurrency landscape. By conducting thorough research, exercising caution, and adopting a long-term investment approach, beginner investors can capitalize on the opportunities presented by the captivating realm of cryptocurrencies and navigate the bull market with confidence.

Visit the links below for more information about Retik Finance (RETIK):

Website

Whitepaper

Twitter

Telegram
PartyDAO Launches Token Launcher Supporting Smart Contract CrowdfundingAccording to Foresight News, PartyDAO, the creator of the Party Protocol, has announced the launch of its token launcher, which supports crowdfunding using Ethereum (ETH) through smart contracts. The platform allows for the creation, liquidity provision, and distribution of tokens in a single, trustless transaction. Additionally, it enables users to chat with their groups on both the web and iOS platforms. The token launcher aims to simplify the process of launching and managing tokens by leveraging the power of smart contracts. This eliminates the need for trust between parties and streamlines the entire process, making it more accessible to a wider range of users. The integration of chat functionality further enhances the user experience, allowing for seamless communication between group members.

PartyDAO Launches Token Launcher Supporting Smart Contract Crowdfunding

According to Foresight News, PartyDAO, the creator of the Party Protocol, has announced the launch of its token launcher, which supports crowdfunding using Ethereum (ETH) through smart contracts. The platform allows for the creation, liquidity provision, and distribution of tokens in a single, trustless transaction. Additionally, it enables users to chat with their groups on both the web and iOS platforms.

The token launcher aims to simplify the process of launching and managing tokens by leveraging the power of smart contracts. This eliminates the need for trust between parties and streamlines the entire process, making it more accessible to a wider range of users. The integration of chat functionality further enhances the user experience, allowing for seamless communication between group members.
Base TVL Surpasses $3 Billion, Ethereum TVL Rises to $39.17 BillionAccording to Foresight News, data from L2BEAT shows that Base TVL has broken through the $3 billion mark, currently standing at $3.02 billion, with a 73.65% increase within the past seven days. Meanwhile, Ethereum TVL has risen to $39.17 billion, with a 3.75% increase in the same period. The significant growth in Base TVL highlights the increasing interest in the platform, while Ethereum's TVL also continues to show steady progress. Both platforms are benefiting from the growing adoption of decentralized finance (DeFi) and the expansion of the cryptocurrency market.

Base TVL Surpasses $3 Billion, Ethereum TVL Rises to $39.17 Billion

According to Foresight News, data from L2BEAT shows that Base TVL has broken through the $3 billion mark, currently standing at $3.02 billion, with a 73.65% increase within the past seven days. Meanwhile, Ethereum TVL has risen to $39.17 billion, with a 3.75% increase in the same period.

The significant growth in Base TVL highlights the increasing interest in the platform, while Ethereum's TVL also continues to show steady progress. Both platforms are benefiting from the growing adoption of decentralized finance (DeFi) and the expansion of the cryptocurrency market.
Crypto Enthusiasts Flock to Algotech, Leaving Ethereum and Litecoin Investors Curious About Its U...Crypto investors are constantly looking out for the next best crypto to buy. Algotech (ALGT), a recent market entrant, and budding presale token, has garnered massive investor attention as it promises greater returns than Ethereum (ETH) and Litecoin (LTC) may deliver.  Can Algotech (ALGT) meet these expectations and surpass Ethereum (ETH) and Litecoin (LTC)? Algotech (ALGT) Pulls Investors With Promising Profitability Potential  Algotech (ALGT) is a decentralized algorithmic crypto trading platform set to transform the online crypto trading industry. Its innovative features and capabilities ensure traders enjoy their trading sessions as they enhance their skills and increase their profits.  Algotech (ALGT) incorporates machine learning in its robust technological infrastructure, making trading and data analysis a breeze for its users. Due to its integration of artificial intelligence, Algotech (ALGT) distills gigabytes of market information to deliver it as definite insights that ensure traders who take action exit their trades profitably.  Moreover, Algotech (ALGT) utilizes its machine learning capabilities to help traders develop a winning mindset by managing and growing their trading capital. Furthermore, it enables traders to beat exhaustion and biases for productive trading. Additionally, Algotech (ALGT) has inbuilt trading strategies such as momentum trading, mean reversion, breakout trading, and arbitrage opportunities suitable for trading in different industries.  These features display its potential as an investment. To this end, Algotech (ALGT) offers crypto investors an early-bird opportunity to buy ALGT before its presale ends, promising massive profits at listing as it journeys to the top of the DeFi crypto list. With Algotech (ALGT) in its presale Stage 2, those who buy tokens now anticipate a 150% gain when it moves from $0.06 to $0.15 at launch. Moreover, Algotech (ALGT) investors receive part ownership, voting rights, and dividends from operational profits.  A lucky investor may win the latest devices or air tickets to the Dubai blockchain event.  Ethereum (ETH) Investors Optimistic About Ethereum ETFs Approval  Following the hype after the SEC approved the creation of Bitcoin ETFs, investors in the second most valuable crypto token, Ethereum (ETH), maintain optimism ETH ETFs will be in the market soon as the Ethereum vs. Bitcoin competition heats up.  Still in the Ethereum v Bitcoin competition, Ethereum (ETH) investors anticipate its price will keep rising like Bitcoin’s (BTC). Between January and March 2024, Ethereum (ETH) surged moving from $2,282 to a high of $4,011. The market turnaround and the Ethereum v Bitcoin contest drove the Ethereum (ETH) price gain. Despite investor optimism, Ethereum (ETH) prices started a downtrend attributed to profit-taking. Moreover, market experts suggest a bearish market sentiment for Ethereum (ETH) and expect it may continue to fall in the short term. Consequently, Ethereum (ETH) price predictions indicate it may fall to $3,300 by April before starting to rise again.  Litecoin (LTC) Impressive Performance Wows Hopeful Investors Litecoin (LTC), an enduring cryptocurrency displayed superior performance between January and March. Consequently, LTC stock value rose from $72.91 to $105, making Litecoin (LTC) a top crypto to buy. Moreover, Litecoin (LTC) investors are optimistic that LTC stock will continue to gain value following the recent core upgrade. Litecoin’s (LTC) enhancement brings advanced security and bug fixes to Litecoin (LTC), improvements that may attract more users.  Based on this information, market experts project a bullish market sentiment for Litecoin (LTC). Consequently, expert predictions for LTC stock price indicate Litecoin (LTC) may reach $150 by the end of Q2.  Follow these links to learn more about Algotech (ALGT) presale: Visit Algotech Presale Join The Algotech Community Disclaimer: This is Sponsored Content. Coinfomania does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their research before taking any actions related to the company stated in the release. The post Crypto Enthusiasts Flock to Algotech, Leaving Ethereum and Litecoin Investors Curious About Its Unmatched Potential appeared first on Coinfomania.

Crypto Enthusiasts Flock to Algotech, Leaving Ethereum and Litecoin Investors Curious About Its U...

Crypto investors are constantly looking out for the next best crypto to buy. Algotech (ALGT), a recent market entrant, and budding presale token, has garnered massive investor attention as it promises greater returns than Ethereum (ETH) and Litecoin (LTC) may deliver. 

Can Algotech (ALGT) meet these expectations and surpass Ethereum (ETH) and Litecoin (LTC)?

Algotech (ALGT) Pulls Investors With Promising Profitability Potential 

Algotech (ALGT) is a decentralized algorithmic crypto trading platform set to transform the online crypto trading industry. Its innovative features and capabilities ensure traders enjoy their trading sessions as they enhance their skills and increase their profits. 

Algotech (ALGT) incorporates machine learning in its robust technological infrastructure, making trading and data analysis a breeze for its users. Due to its integration of artificial intelligence, Algotech (ALGT) distills gigabytes of market information to deliver it as definite insights that ensure traders who take action exit their trades profitably. 

Moreover, Algotech (ALGT) utilizes its machine learning capabilities to help traders develop a winning mindset by managing and growing their trading capital. Furthermore, it enables traders to beat exhaustion and biases for productive trading.

Additionally, Algotech (ALGT) has inbuilt trading strategies such as momentum trading, mean reversion, breakout trading, and arbitrage opportunities suitable for trading in different industries. 

These features display its potential as an investment. To this end, Algotech (ALGT) offers crypto investors an early-bird opportunity to buy ALGT before its presale ends, promising massive profits at listing as it journeys to the top of the DeFi crypto list.

With Algotech (ALGT) in its presale Stage 2, those who buy tokens now anticipate a 150% gain when it moves from $0.06 to $0.15 at launch. Moreover, Algotech (ALGT) investors receive part ownership, voting rights, and dividends from operational profits. 

A lucky investor may win the latest devices or air tickets to the Dubai blockchain event. 

Ethereum (ETH) Investors Optimistic About Ethereum ETFs Approval 

Following the hype after the SEC approved the creation of Bitcoin ETFs, investors in the second most valuable crypto token, Ethereum (ETH), maintain optimism ETH ETFs will be in the market soon as the Ethereum vs. Bitcoin competition heats up. 

Still in the Ethereum v Bitcoin competition, Ethereum (ETH) investors anticipate its price will keep rising like Bitcoin’s (BTC). Between January and March 2024, Ethereum (ETH) surged moving from $2,282 to a high of $4,011. The market turnaround and the Ethereum v Bitcoin contest drove the Ethereum (ETH) price gain.

Despite investor optimism, Ethereum (ETH) prices started a downtrend attributed to profit-taking. Moreover, market experts suggest a bearish market sentiment for Ethereum (ETH) and expect it may continue to fall in the short term.

Consequently, Ethereum (ETH) price predictions indicate it may fall to $3,300 by April before starting to rise again. 

Litecoin (LTC) Impressive Performance Wows Hopeful Investors

Litecoin (LTC), an enduring cryptocurrency displayed superior performance between January and March. Consequently, LTC stock value rose from $72.91 to $105, making Litecoin (LTC) a top crypto to buy.

Moreover, Litecoin (LTC) investors are optimistic that LTC stock will continue to gain value following the recent core upgrade. Litecoin’s (LTC) enhancement brings advanced security and bug fixes to Litecoin (LTC), improvements that may attract more users. 

Based on this information, market experts project a bullish market sentiment for Litecoin (LTC). Consequently, expert predictions for LTC stock price indicate Litecoin (LTC) may reach $150 by the end of Q2. 

Follow these links to learn more about Algotech (ALGT) presale:

Visit Algotech Presale

Join The Algotech Community

Disclaimer: This is Sponsored Content. Coinfomania does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their research before taking any actions related to the company stated in the release.

The post Crypto Enthusiasts Flock to Algotech, Leaving Ethereum and Litecoin Investors Curious About Its Unmatched Potential appeared first on Coinfomania.
Illuvium Secures $12M Investment to Advance NFT Interoperability in EthereumCoinspeaker Illuvium Secures $12M Investment to Advance NFT Interoperability in Ethereum Ethereum-based interoperable blockchain gaming platform Illuvium has joined a growing list of Web 3.0 companies receiving investments from venture capitalists this year. On Wednesday, March 26, the company announced the successful completion of a $12 million investment round led by four venture capital companies: King River Capital, Arrington Capital, Animoca Brands, and The Spartan Group. Other companies such as P2 Ventures, Nomura’s Laser Digital, 32-Bit, and Seven Capital also contributed to the series A funding round. Illuvium Set to Launch New Game Titles This Year The firm, founded by Kieran Warwick, who serves as CEO, Aaron Warwick, and Grant Warwick, has conducted a series of fundraising events in the past. Last year, Illuvium received $10 million in an investment round in May. However, with the latest round, the company has accumulated a total of $60 million in funding. Unlike the previous fundraisings, the blockchain gaming studio plans to use its latest investment to expand its gaming offerings and build on user experience. 🤝Series A Funding Raise Closed 🎉 We’ve successfully closed our Series A funding, raising $12M from top industry firms! This allows us to expand our game offerings and build on our player experiences. We want to thank our investors: – @Arrington_Cap – @KingRiverVC -… pic.twitter.com/UyKgKV02mJ — Illuvium (@illuviumio) March 26, 2024 The blockchain firm will develop its first series of interconnected games within its ecosystem. The game, scheduled to launch in the second quarter of 2024, promises an experience similar to the popular Pokemon Go. The Illuvium gaming universe features three interconnected titles: the monster-battling Illuvium Arena, the open-world adventure Illuvium Overworld, and the base-building game Illuvium Zero. These titles are designed to utilize the same NFTs seamlessly across all games. These games are integrated into the Ethereum network and utilize Immutable X for accelerated transactions. According to the release, the move aims to create a cohesive and immersive experience for players, allowing them to interact with the same assets across different games. Illuvium has amassed a user base of over a million registered players eagerly anticipating the game’s launch. Illuvium Unveils New Profit-sharing System In addition to the upcoming games, the company has introduced a new revenue-sharing system that allows staked investors who hold the platform’s native token, ILV, to receive 100% of the in-game revenues paid using the digital asset. The move is part of the company’s strategy to incentivize players to stake their tokens, creating a sustainable ecosystem for both players and investors. “The concept of redirecting 100% of all in-game revenues to staked investors is a major draw for ILV and resonates strongly with our community,” said Warwick. Airdrop Distribution Meanwhile, Illuvium Labs, the brains behind the platform’s development, also hinted about possible airdrop distribution in the release. If all goes as planned, the company said players could receive ILV, which is currently worth above $150 per token, as a reward for their contributions. The airdrop allocation is estimated to be worth $25 million. “There are whispers of a significant airdrop planned for the game’s community rumored to be worth more than $25 million,” reads the release. next Illuvium Secures $12M Investment to Advance NFT Interoperability in Ethereum

Illuvium Secures $12M Investment to Advance NFT Interoperability in Ethereum

Coinspeaker Illuvium Secures $12M Investment to Advance NFT Interoperability in Ethereum

Ethereum-based interoperable blockchain gaming platform Illuvium has joined a growing list of Web 3.0 companies receiving investments from venture capitalists this year.

On Wednesday, March 26, the company announced the successful completion of a $12 million investment round led by four venture capital companies: King River Capital, Arrington Capital, Animoca Brands, and The Spartan Group. Other companies such as P2 Ventures, Nomura’s Laser Digital, 32-Bit, and Seven Capital also contributed to the series A funding round.

Illuvium Set to Launch New Game Titles This Year

The firm, founded by Kieran Warwick, who serves as CEO, Aaron Warwick, and Grant Warwick, has conducted a series of fundraising events in the past.

Last year, Illuvium received $10 million in an investment round in May. However, with the latest round, the company has accumulated a total of $60 million in funding.

Unlike the previous fundraisings, the blockchain gaming studio plans to use its latest investment to expand its gaming offerings and build on user experience.

🤝Series A Funding Raise Closed

🎉 We’ve successfully closed our Series A funding, raising $12M from top industry firms! This allows us to expand our game offerings and build on our player experiences.

We want to thank our investors: – @Arrington_Cap – @KingRiverVC -… pic.twitter.com/UyKgKV02mJ

— Illuvium (@illuviumio) March 26, 2024

The blockchain firm will develop its first series of interconnected games within its ecosystem. The game, scheduled to launch in the second quarter of 2024, promises an experience similar to the popular Pokemon Go.

The Illuvium gaming universe features three interconnected titles: the monster-battling Illuvium Arena, the open-world adventure Illuvium Overworld, and the base-building game Illuvium Zero. These titles are designed to utilize the same NFTs seamlessly across all games.

These games are integrated into the Ethereum network and utilize Immutable X for accelerated transactions. According to the release, the move aims to create a cohesive and immersive experience for players, allowing them to interact with the same assets across different games.

Illuvium has amassed a user base of over a million registered players eagerly anticipating the game’s launch.

Illuvium Unveils New Profit-sharing System

In addition to the upcoming games, the company has introduced a new revenue-sharing system that allows staked investors who hold the platform’s native token, ILV, to receive 100% of the in-game revenues paid using the digital asset.

The move is part of the company’s strategy to incentivize players to stake their tokens, creating a sustainable ecosystem for both players and investors.

“The concept of redirecting 100% of all in-game revenues to staked investors is a major draw for ILV and resonates strongly with our community,” said Warwick.

Airdrop Distribution

Meanwhile, Illuvium Labs, the brains behind the platform’s development, also hinted about possible airdrop distribution in the release. If all goes as planned, the company said players could receive ILV, which is currently worth above $150 per token, as a reward for their contributions. The airdrop allocation is estimated to be worth $25 million.

“There are whispers of a significant airdrop planned for the game’s community rumored to be worth more than $25 million,” reads the release.

next

Illuvium Secures $12M Investment to Advance NFT Interoperability in Ethereum
Ethereum and XRP Analysis: Who Will Lead the Altcoins?The post "Ethereum and XRP Analysis: Who Will Lead the Altcoins?" first appeared on 36rypto.com News. Fundamental analysis of #Ethereum and #XRP – the only altcoins who held their ground in the face of last week's volatility While the market entered into the recovery zone, following Bitcoin’s $70K rebound, the attention switched back to altcoins. A great deal of it envisages Ether (ETH) and Ripple (XRP) as the potential leaders for the altcoin rally. Are there any hints for it? Why Altcoin Rally Is Brought Up The last few weeks' downtrend for Bitcoin forced the entire market into a correction zone, with a majority of altcoins shedding their value.  Despite this, altcoins managed to maintain their positions. According to the data by RektCapital, despite Bitcoin’s 18% pre-halving retrace, the altcoin market cap continued to hold on to the $315 billion level as support. Among the altcoins, Ether (ETH) and Ripple (XRP) showed the best consistency throughout the period, indicating steady daily volume.  At the same time, the correction trend did not sharply impact WhiteBIT Coin (WBT – the centerpiece of Whitechain), Near Protocol (NEAR), and other altcoins.  Ether (ETH): Confidence Amidst Sellover It is apparent from the Santiment data that Ether (ETH) has been undergoing high selling pressure. This is evidenced by the increased supply of tokens on the exchanges.  The infographic also points out the rise of Ether supply held by top addresses. Regardless of the sellover and price drops, the metric indicates whales’ confidence in the coin.  Whales’ confidence contrasts with Ether’s 1-day chart as the metrics indicate the bearish advantage. While the long-term EMAs (50 and 200) hint at the uptick, and the RSI rate counts slightly above 50, MACD is suggesting a downtrend and leaning toward a selling action at 21.0. Notably, the exponential moving average 21 exhibits a split decision between sell and buy signals, marking the dichotomy between short-term skepticism and long-term optimism of the investors.  How Is XRP Performing? Amid the market recovery, XRP indicated 2% growth in the last seven days. At press time, the coin was trading at $0.6921 with a market cap of over $34 billion.  The bullish potential may be concluded as per XRP Ledger addresses’ activity that demonstrated a significant boost in the fourth quarter of 2023. Despite the price rise, XRP underwent a drop in the Social Volume and Weighted Sentiment metrics. This brings an inclination towards the coin's bearish perspective. The chart tells a similar story, as both long-term and short-term SMAs signal a clear downtrend. Moving Average Convergence Divergence and Relative Strength Index prove the aforementioned findings by pointing out the bearish outlooks. Still, many share the optimistic view of the XRP’s moves. One of them – an investor nicknamed Mikybull – sees a bullish flag pattern in the chart. According to him, XRP has concluded its retest and is about to set an upward movement to the $1-$6 range. Such optimism may be the foremost source that is fueling settlement on the altcoin rally. Still, it does not overshadow the possibility of the crypto market's future thriving. There is a great chance that altcoins will follow Bitcoin’s (BTC) post-halving performance – if one takes place.

Ethereum and XRP Analysis: Who Will Lead the Altcoins?

The post "Ethereum and XRP Analysis: Who Will Lead the Altcoins?" first appeared on 36rypto.com News.
Fundamental analysis of #Ethereum and #XRP – the only altcoins who held their ground in the face of last week's volatility
While the market entered into the recovery zone, following Bitcoin’s $70K rebound, the attention switched back to altcoins. A great deal of it envisages Ether (ETH) and Ripple (XRP) as the potential leaders for the altcoin rally. Are there any hints for it?
Why Altcoin Rally Is Brought Up
The last few weeks' downtrend for Bitcoin forced the entire market into a correction zone, with a majority of altcoins shedding their value. 
Despite this, altcoins managed to maintain their positions. According to the data by RektCapital, despite Bitcoin’s 18% pre-halving retrace, the altcoin market cap continued to hold on to the $315 billion level as support.
Among the altcoins, Ether (ETH) and Ripple (XRP) showed the best consistency throughout the period, indicating steady daily volume. 
At the same time, the correction trend did not sharply impact WhiteBIT Coin (WBT – the centerpiece of Whitechain), Near Protocol (NEAR), and other altcoins. 
Ether (ETH): Confidence Amidst Sellover
It is apparent from the Santiment data that Ether (ETH) has been undergoing high selling pressure. This is evidenced by the increased supply of tokens on the exchanges. 
The infographic also points out the rise of Ether supply held by top addresses. Regardless of the sellover and price drops, the metric indicates whales’ confidence in the coin. 

Whales’ confidence contrasts with Ether’s 1-day chart as the metrics indicate the bearish advantage. While the long-term EMAs (50 and 200) hint at the uptick, and the RSI rate counts slightly above 50, MACD is suggesting a downtrend and leaning toward a selling action at 21.0.

Notably, the exponential moving average 21 exhibits a split decision between sell and buy signals, marking the dichotomy between short-term skepticism and long-term optimism of the investors. 
How Is XRP Performing?
Amid the market recovery, XRP indicated 2% growth in the last seven days. At press time, the coin was trading at $0.6921 with a market cap of over $34 billion. 
The bullish potential may be concluded as per XRP Ledger addresses’ activity that demonstrated a significant boost in the fourth quarter of 2023.

Despite the price rise, XRP underwent a drop in the Social Volume and Weighted Sentiment metrics. This brings an inclination towards the coin's bearish perspective.

The chart tells a similar story, as both long-term and short-term SMAs signal a clear downtrend.

Moving Average Convergence Divergence and Relative Strength Index prove the aforementioned findings by pointing out the bearish outlooks.
Still, many share the optimistic view of the XRP’s moves. One of them – an investor nicknamed Mikybull – sees a bullish flag pattern in the chart. According to him, XRP has concluded its retest and is about to set an upward movement to the $1-$6 range.

Such optimism may be the foremost source that is fueling settlement on the altcoin rally. Still, it does not overshadow the possibility of the crypto market's future thriving. There is a great chance that altcoins will follow Bitcoin’s (BTC) post-halving performance – if one takes place.
🔥💥 Top 5 #altcoins to buy on the Dip! 📉💰 These 5 Altcoins are poised to shine in this Bull Run: 👉1. Ethereum $ETH 🚀 Ethereum's bull run this time is unprecedented, marking the first Bull Run post its transition to a Proof-of-Stake system. With its staked amount reaching an all-time high, Ethereum could potentially hit 10k by year-end, even without an ETF. 👉2. Optimism $OP 🌐 Addressing Ethereum's challenges like high gas fees and slow transactions, Layer 2 solutions are gaining traction. Optimism emerges as a blue-chip L2 Token promising faster, cheaper transactions while upholding Ethereum's security. Governed by the Optimism Collective DAO, OP tokens facilitate governance. With hundreds of decentralized apps already supported, Optimism's Superchain project aims to unite compatible L2s, enhancing interoperability. 👉3. Uniswap $UNI 🔄 Launched in 2018 on the Ethereum blockchain, Uniswap boasts a strong security track record, remaining unhacked. The proposal to distribute protocol fees among staked $UNI token holders signals further bullish potential. The upcoming release of Uniswap V4 in Q3 could act as an additional catalyst, especially considering its user-friendly approach with no KYC requirements. 👉4. Solana $SOL ☀️ Solana stands out as a prominent Ethereum competitor, gaining momentum despite other Layer 1 solutions emerging. Despite facing challenges like the FTX issue, Solana witnessed significant growth, rebounding by approximately 500% in the past year. 👉5. SingularityNET $AGIX 🤖 SingularityNET aims to democratize access to AI services by allowing developers to publish AI on their blockchain, accessible to all. $AGIX serves as the currency for these services and has already partnered with Cardano ADA, indicating promising collaborations. #HotTrend #HOTTRENDS #BTC #Ethereum ✅ #bitcoin $SHIB 🚀
🔥💥 Top 5 #altcoins to buy on the Dip! 📉💰

These 5 Altcoins are poised to shine in this Bull Run:

👉1. Ethereum $ETH 🚀
Ethereum's bull run this time is unprecedented, marking the first Bull Run post its transition to a Proof-of-Stake system. With its staked amount reaching an all-time high, Ethereum could potentially hit 10k by year-end, even without an ETF.

👉2. Optimism $OP 🌐
Addressing Ethereum's challenges like high gas fees and slow transactions, Layer 2 solutions are gaining traction. Optimism emerges as a blue-chip L2 Token promising faster, cheaper transactions while upholding Ethereum's security. Governed by the Optimism Collective DAO, OP tokens facilitate governance. With hundreds of decentralized apps already supported, Optimism's Superchain project aims to unite compatible L2s, enhancing interoperability.

👉3. Uniswap $UNI 🔄
Launched in 2018 on the Ethereum blockchain, Uniswap boasts a strong security track record, remaining unhacked. The proposal to distribute protocol fees among staked $UNI token holders signals further bullish potential. The upcoming release of Uniswap V4 in Q3 could act as an additional catalyst, especially considering its user-friendly approach with no KYC requirements.

👉4. Solana $SOL ☀️
Solana stands out as a prominent Ethereum competitor, gaining momentum despite other Layer 1 solutions emerging. Despite facing challenges like the FTX issue, Solana witnessed significant growth, rebounding by approximately 500% in the past year.

👉5. SingularityNET $AGIX 🤖
SingularityNET aims to democratize access to AI services by allowing developers to publish AI on their blockchain, accessible to all. $AGIX serves as the currency for these services and has already partnered with Cardano ADA, indicating promising collaborations.

#HotTrend #HOTTRENDS #BTC #Ethereum#bitcoin $SHIB 🚀
US House Committee Probes SEC Over Ethereum Custody RulesThe US Securities and Exchange Commission’s (SEC) fresh move against Ethereum Foundations left the crypto industry confused. In order to gain clarity over the ongoing scenario, the Republican members of the House Committee on Agriculture and House Financial Services Committee have penned a letter to the SEC chair Gary Gensler. US SEC faces Committee’s wrath According to the letter, the committee members had shown their concerns about Prometheum Inc.’s plans to provide custody services for Ethereum (ETH). The lawmakers highlighted that there is a lack of clarity in the SEC’s Special Purpose Broker Dealer (SPBD) regime. However, this fails to address Prometheum’s intent to custody an asset recognized as a non-security digital asset by both the SEC and CFTC. The committee members had asked the Gensler to come clean and clarify the SEC’s take on the SPBDs’ ability to custody non-securities. It has even urged the chair to present its approach to SPBD non-compliance with the regulatory classification of ETH.  As we dig in, the lawmakers through the letter had pointed out the public records where the Commodity Futures Trading Commission and the SEC came ahead to identify Ethereum as a non-security digital asset. They directly suggest that such actions would have some bad effects on the digital asset markets. This crucial letter from the lawmakers came in when Ethereum recently went through a major Dencun upgrade. Ether is still tied on an upward rally as its price jumped by more than 13% in the last 7 days after bagging a gain of 60% in the past 60 days. A much needed clarity Ethereum after receiving several controversial remarks is still trading at an average price of $3,538, at the press time. It is still down by 26% from its all time high of $4,891 recorded on November 16, 2021. However, the biggest altcoin breached the $4k price level recently. ETH’s 24 hour trading volume is down by over 18% to stand at $16.3 billion. The committee is led by Chairmen Glenn “GT” Thompson and Patrick McHenry, along with Representatives French Hill, Dusty Johnson, Tom Emmer, and Warren Davidson who raised these concerns. The lawmakers even criticize the commission’s failure to define the term “digital asset securities”. They have asked the SEC to come up with clear rules or complete guidance for crypto linked marketplace with asset classification.

US House Committee Probes SEC Over Ethereum Custody Rules

The US Securities and Exchange Commission’s (SEC) fresh move against Ethereum Foundations left the crypto industry confused. In order to gain clarity over the ongoing scenario, the Republican members of the House Committee on Agriculture and House Financial Services Committee have penned a letter to the SEC chair Gary Gensler.

US SEC faces Committee’s wrath

According to the letter, the committee members had shown their concerns about Prometheum Inc.’s plans to provide custody services for Ethereum (ETH). The lawmakers highlighted that there is a lack of clarity in the SEC’s Special Purpose Broker Dealer (SPBD) regime. However, this fails to address Prometheum’s intent to custody an asset recognized as a non-security digital asset by both the SEC and CFTC.

The committee members had asked the Gensler to come clean and clarify the SEC’s take on the SPBDs’ ability to custody non-securities. It has even urged the chair to present its approach to SPBD non-compliance with the regulatory classification of ETH. 

As we dig in, the lawmakers through the letter had pointed out the public records where the Commodity Futures Trading Commission and the SEC came ahead to identify Ethereum as a non-security digital asset. They directly suggest that such actions would have some bad effects on the digital asset markets.

This crucial letter from the lawmakers came in when Ethereum recently went through a major Dencun upgrade. Ether is still tied on an upward rally as its price jumped by more than 13% in the last 7 days after bagging a gain of 60% in the past 60 days.

A much needed clarity

Ethereum after receiving several controversial remarks is still trading at an average price of $3,538, at the press time. It is still down by 26% from its all time high of $4,891 recorded on November 16, 2021. However, the biggest altcoin breached the $4k price level recently. ETH’s 24 hour trading volume is down by over 18% to stand at $16.3 billion.

The committee is led by Chairmen Glenn “GT” Thompson and Patrick McHenry, along with Representatives French Hill, Dusty Johnson, Tom Emmer, and Warren Davidson who raised these concerns.

The lawmakers even criticize the commission’s failure to define the term “digital asset securities”. They have asked the SEC to come up with clear rules or complete guidance for crypto linked marketplace with asset classification.
BOB Hybrid Blockchain Project Raises $10 Million to Combine Bitcoin and Ethereum FeaturesAccording to PANews, the BOB hybrid blockchain project, which aims to merge the features of Bitcoin and Ethereum, has successfully raised $10 million in funding. The investment was led by Castle Island Ventures, with participation from Mechanism Ventures, Bankless Ventures, CMS Ventures, and UTXO Management. BOB plans to launch the first Bitcoin second-layer network compatible with the Ethereum Virtual Machine (EVM), enabling the execution of Ethereum-style smart contracts on the Bitcoin network.

BOB Hybrid Blockchain Project Raises $10 Million to Combine Bitcoin and Ethereum Features

According to PANews, the BOB hybrid blockchain project, which aims to merge the features of Bitcoin and Ethereum, has successfully raised $10 million in funding. The investment was led by Castle Island Ventures, with participation from Mechanism Ventures, Bankless Ventures, CMS Ventures, and UTXO Management. BOB plans to launch the first Bitcoin second-layer network compatible with the Ethereum Virtual Machine (EVM), enabling the execution of Ethereum-style smart contracts on the Bitcoin network.