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Wash trading has long been a problem in the non-fungible token (NFT) sphere. However, it is getting worse, as recent data shows that half of the NFT sales on Ethereum and a significant portion on Blur have been attributed to…

Wash trading comprises half of Ethereum NFT sales; 30% increase in a single day

Crypto data and analytics platform CoinGecko just released an Ethereum Liquid Staking report for 2023, comprising a detailed overview of Liquid Staking Derivatives (LSDs) after Ethereum’s Beacon chain launch in 2020. While ETH holders could stake their assets after the launch, a minimum of 32 ETH was mandatory to become a validator. Therefore, to encourage The post CoinGecko’s Latest Report On Ethereum Liquid Staking Notes 4.4% APY appeared first on Coin Edition .

CoinGecko’s Latest Report On Ethereum Liquid Staking Notes 4.4% APY

Bitcoin, the world's most valuable cryptocurrency, was trading below $27,000 early on Wednesday, showing a nearly 0.50% decrease in price to $26,220. The overall crypto market cap was at $1.05 trillion, indicating a 0.46% decrease over the past 24 hours. The poor performance of Bitcoin and Ethereum contributed to losses across the entire market.... Read More: Bitcoin Price Prediction: BTC Down 3% Amid SEC ETF Delays, US Lawmakers' Advocacy, & Rate Hike Impacts

Bitcoin Price Prediction: BTC Down 3% Amid SEC ETF Delays, US Lawmakers' Advocacy, & Rate Hike Impacts

The firm will continue to deliver for its primary products such as a mempool explorer, transaction simulation, an Ethereum gas estimator, and its Polygon estimator.

Blocknative Exits MEV-Boost Sector

The post The Mystery of Ethereum’s ‘Piece of Paper’: Potential Legal Game Changer appeared first on Coinpedia Fintech News In a series of highly publicized tweets, Steven Nerayoff, former advisor to Ethereum, has revealed many facts that could potentially shake the very foundations of the Ethereum network. The tweets hint at internal discord and possibly even legal discrepancies, with accusations levied against Ethereum co-founders Vitalik Buterin and Joseph Lubin. Bill Morgan hinted that Ethereum …

The Mystery of Ethereum’s ‘Piece of Paper’: Potential Legal Game Changer

On September 26th, the cryptocurrency markets failed to recover, and despite the good news, BTC weakness continues as the article is being prepared. The SEC has begun to be pushed by members of the House of Representatives to approve ETFs. The post Crypto Expert Kaleo: Dramatic Process Approaching for BTC, ETH, SOL appeared first on COINTURK NEWS.

Crypto Expert Kaleo: Dramatic Process Approaching for BTC, ETH, SOL

Chainlink’s LINK price is moving higher above the $7.25 resistance. The price is now consolidating gains and might aim for more upsides above $7.50. Chainlink price is showing positive signs above $7.25 against the US dollar. The price is trading above the $7.30 level and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $7.25 on the 4-hour chart of the LINK/USD pair (data source from Kraken). The price could restart its increase unless there is a close below the $6.95 support. Chainlink (LINK) Price Eyes More Upsides In the last LINK price prediction, we discussed the chances of more gains above the $7.00 level against the US Dollar. The price did remain stable and extended gains above the $7.25 level. The price even broke the $7.50 level. Chainlink traded as high as $7.56 and outperformed Bitcoin and Ethereum. Recently, there was a minor downside correction below $7.40. The price tested the 23.6% Fib retracement level of the upward move from the $6.60 swing low to the $7.56 high. LINK is now trading above the $6.50 level and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $7.25 on the 4-hour chart of the LINK/USD pair. Source: LINKUSD on TradingView.com If there is a fresh increase, the price might face resistance near $7.45. The first major resistance is near the $7.50 zone. A clear break above $7.50 may possibly start a steady increase toward the $8.00 and $8.20 levels. The next major resistance is near the $8.50 level, above which the price could test $8.80. Are Dips Limited? If Chainlink’s price fails to climb above the $7.50 resistance level, there could be a downside extension. Initial support on the downside is near the $7.25 level. The next major support is near the $6.95 level or the 61.8% Fib retracement level of the upward move from the $6.60 swing low to the $7.56 high, below which the price might test the $6.80 level. Any more losses could lead LINK toward the $6.60 level in the near term. Technical Indicators 4 hours MACD – The MACD for LINK/USD is losing momentum in the bullish zone. 4 hours RSI (Relative Strength Index) – The RSI for LINK/USD is now above the 50 level. Major Support Levels – $7.25 and $6.95. Major Resistance Levels – $7.50 and $8.50.

LINK Price Extends Increase, Will Chainlink Bulls Be Able to Hit $8.5 Milestone?

Ethereum price is eyeing a recovery wave from $1,565 against the US Dollar. ETH could rise steadily if it settles above $1,600 and $1,620. Ethereum is attempting a recovery wave above the $1,580 level. The price is trading above $1,590 and the 100-hourly Simple Moving Average. There was a break above a major bearish trend line with resistance near $1,590 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a recovery wave if there is a close above $1,600 and $1,620. Ethereum Price Signals Recovery Ethereum’s price remained well-bid above the $1,565 level. ETH seems to be forming a base above $1,565 and is slowly moving higher, like Bitcoin. The price was able to recover above the $1,580 and $1,590 levels. There was a move above the 23.6% Fib retracement level of the downward move from the $1,669 swing high to the $1,565 low. Besides, there was a break above a major bearish trend line with resistance near $1,590 on the hourly chart of ETH/USD. Ethereum is now trading above $1,590 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $1,600 level. The next major resistance is $1,620. It is close to the 50% Fib retracement level of the downward move from the $1,669 swing high to the $1,565 low. A push above $1,620 might send Ether further higher and there are chances of a steady increase. Source: ETHUSD on TradingView.com The next major resistance is near $1,650 and $1,660. If the bulls succeed in clearing the $1,660 hurdle, the price could start a decent increase toward the $1,720 resistance. Any more gains might open the doors for a move toward $1,800. Another Drop in ETH? If Ethereum fails to clear the $1,620 resistance, it could start another decline. Initial support on the downside is near the $1,580 level. The next key support is $1,565, below which the price could test the $1,540 support. If the bulls fail to protect the $1,540 support, there could be a sharp decline. In the stated case, there could be a drop toward the $1,440 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $1,565 Major Resistance Level – $1,620

Ethereum Price Stages Recovery But Can It Overcome This Key Hurdle?

Bitcoin price is up 30% versus Ethereum (ETH) in 2023, and bulls appear not to be slowing down, looking at the performance in the weekly chart. BTC is on the brink of pushing ETH lower at spot rates, registering new 2023 lows and extending gains from early this year. The Downtrend Remains: Will Bitcoin Extend Rally? Bitcoin bulls are in the driving seat. Candlestick arrangement in the weekly chart shows that BTC pushed on, extending its rally against the second most valuable coin despite attempts for higher highs in mid-August. In the second week of August, ETH added roughly 7% versus BTC. Notably, this expansion was after a period of horizontal consolidation as momentum shifted in favor of ETH. However, bears reversed gains and continued the primary trend established since the beginning of the year. Related Reading: XRP Ledger Developer Xumm Reveals “Infrastructure Overhaul,” More Than An Upgrade? The medium trajectory seems to be guided by events in mid-March 2023. Then, ETH prices devalued drastically versus Bitcoin, forming a bearish engulfing bar marked by a spike in trading volume. The surging demand for BTC saw prices reverse progress in late October 2022. Bitcoin bulls have since extended gains versus Ethereum. However, one notable formation is that BTC is rallying at the back of light trading volume. Since the rally of BTC in Q1 2023 versus ETH, trading volume has been contracting despite prices printing lower lows. Regulatory Pressure, Hacks In Focus, Will Halving Spark Demand? It cannot be immediately ascertained whether the current draw-down will continue. The level of participation has significantly decreased in the last six months as sentiment dipped. Over the past two quarters, the involvement of regulators, including the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC), seems to have negatively impacted activity. In early June, the SEC sued Coinbase and Binance, two of the world’s leading cryptocurrency exchanges. The regulator cited various claims, accusing Coinbase of listing unregistered securities and Binance of, among other charges, manipulation and violating different securities laws. Binance and Coinbase plan to defend themselves against the SEC. Related Reading: Bitcoin Spot Trading Volume Hit Six-Year Low – Is Investor Confidence Rising? Besides regulations, the broader community remains cautious, considering the number of hacks targeting multiple exchanges and decentralized finance (DeFi) protocols. Some of these exploits have been linked to the Lazarus Group, a notorious cell allegedly sponsored by North Korea. Despite the general market lull, traders look forward to the upcoming Bitcoin halving event in 2024. The event will create a supply shock, making BTC scarcer. Whether this will see BTC press ETH even lower back to June 2022 lows is yet to be seen. Feature image from Canva, chart from TradingView

Bitcoin Price Up 30% Versus Ethereum, New 2023 Lows Incoming?

A closely followed crypto strategist believes that one Ethereum (ETH)-based digital asset is setting up for an explosive run. Pseudonymous analyst Altcoin Sherpa tells his 196,400 followers on the social media platform X that the decentralized oracle network Chainlink (LINK) is a solid crypto project from a fundamental standpoint. According to the trader, LINK could The post One Ethereum-Based Altcoin Gearing Up for ‘Very Strong’ Performance, Says Trader – Here’s His Timeline appeared first on The Daily Hodl .

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