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Ethereum’s price recently experienced a significant rally, increasing by over 20% driven by growing optimism around the potential approval of an Ethereum Exchange-Traded Fund (ETF). This surge led to ETH breaking through multiple key resistance levels, including the crucial $3,500 mark. As of the latest data feed via Kraken, Ethereum is currently trading above $3,600,
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Kraken executive Mark Greenberg recently denied the exchange’s plans to delist Tether’s USDT stablecoin in Europe on May 18. He mentioned that the company is exploring all options to offer USDT under the upcoming regulatory regime. Greenberg emphasized the importance of following legal requirements, even those that Kraken may not align with, noting that the
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Recently, the Securities and Exchange Commission (SEC) has requested spot Ethereum ETF applicants to update their 19-b4 filings. This has sparked greater optimism among market participants regarding potential approvals. Bloomberg ETF analyst Eric Balchunas mentioned that the SEC might reconsider its initial stance and opt not to deny the pending applications. He also highlighted that
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Bitcoin, the world’s largest cryptocurrency, has recently seen a bullish signal as the Stablecoin Supply Ratio (SSR) Oscillator breaks below the lower Bollinger Bands. This unique technical pattern has sparked optimism among crypto analysts, suggesting a potential rally for Bitcoin in the near future. The SSR is a tool used to evaluate market sentiment by
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In the fast-paced world of cryptocurrency, innovation is key to staying ahead of the curve. BounceBit, a new Bitcoin restaking startup, is on a mission to democratize high-yield Bitcoin investing by merging centralized and decentralized finance (CeDeFi). This ambitious startup has recently unveiled a comprehensive roadmap for 2024, outlining its vision to revolutionize the way
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The recent report from Ripple sheds light on the pressing need for new cryptographic systems to protect blockchain technology from quantum computing threats. Professor Massimiliano Sala, from the University of Trento, highlighted the vulnerabilities that quantum computers could pose to current encryption methods. He stressed the importance of developing ‘quantum-resistant’ cryptographic systems to safeguard blockchain
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ETH price has recently experienced a downside correction after encountering resistance at the $3,150 level. However, despite this correction, Ethereum has managed to hold onto its gains and could potentially see another increase from the $3,000 support level. At present, Ethereum is trading above $3,000 and the 100-hourly Simple Moving Average, indicating a positive outlook
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