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Donald Trump touts new family DeFi project
Donald Trump touts new family DeFi project

Former President Donald Trump on Thursday teased a new cryptocurrency project started by two of his sons

Blockworks·2024/08/23 07:21
Bitcoin must ‘clear resistance’ at $62K to avoid another ‘Black Monday’
Bitcoin must ‘clear resistance’ at $62K to avoid another ‘Black Monday’

If Bitcoin fails to hit $62,000 and hold there, it could drop below $50,000, according to analysts from Kraken, but some aren’t as pessimistic.

Cointelegraph·2024/08/23 06:12
Bitcoin Price Rejects Key Resistance, But Could Fed’s Powell Send Price Surging on Friday?
Bitcoin Price Rejects Key Resistance, But Could Fed’s Powell Send Price Surging on Friday?

The Bitcoin price was strongly rejected at its 50DMA around $61,300 ahead of a key speech from Fed Chair Powell. What's next?

CryptoNews·2024/08/23 05:24
The Trump family enters DeFi, threatening to end the oppression of banks and financial elites
The Trump family enters DeFi, threatening to end the oppression of banks and financial elites

Trump's second son praised cryptocurrencies and decentralized finance (DeFi) as potential powerful catalysts for the US economy.

BlockBeats·2024/08/23 03:13
Flash
  • 10:58
    Market News: VanEck Files S-1 Form for BNB ETF
    PANews May 5th news, according to market sources: VanEck has submitted the S-1 form for a BNB ETF to the U.S. Securities and Exchange Commission.
  • 10:58
    CryptoQuant: ETH Accumulation Addresses Continue to Increase Holdings Despite Unrealized Losses, Growing Over 22% in Two Months
    According to a CryptoQuant analyst, since Ethereum reached a cycle high of $4,107 on December 16, 2024, its price has experienced a continuous pullback. However, during this bear market phase, ETH accumulation addresses are still increasing their holdings. ETH accumulation addresses refer to those that continuously receive ETH without significant selling, and their balance remains stable or increases over time. Whether they belong to large or small holders, these addresses are typically long-term holders who have held Ethereum for more than 155 days. On-chain data shows that on March 10, these accumulation addresses entered an unrealized loss zone when Ethereum fell to $1,866.7, while their average holding price remained at $2,026. Nevertheless, despite the unrealized losses, ETH accumulation addresses continue to increase their ETH holdings: from 15.5356 million ETH on March 10 to 19.0378 million ETH by May 3, an increase of 22.54%. This demonstrates that, in the long term, ETH investors exhibit strong confidence in Ethereum's assets, projects, and ecosystem.
  • 10:56
    Analysis: ETH/BTC Volatility Indicator Tightens as Market Focuses on Ethereum's Pectra Upgrade Movement
    PANews reported on May 5, according to CoinDesk, that the Bollinger Bands indicator for the ETH/BTC exchange rate has narrowed to its tightest level since June 2020, indicating that market volatility may be about to increase. Typically, a contraction in the Bollinger Bands signals an imminent price breakout, potentially leading to significant fluctuations. This technical signal appears on the eve of Ethereum's Pectra upgrade scheduled for May 7. The upgrade aims to enhance network scalability and validator operational efficiency, including raising the maximum staking limit for a single validator from 32 ETH to 2048 ETH and increasing the number of "blob" data units per block from 3 to a maximum of 9. Additionally, Pectra will introduce the EVM Object Format (EOF) to optimize smart contract structures. Analytics firm Nansen pointed out that the Pectra upgrade will benefit Layer 2 networks the most, further solidifying Ethereum's position as a data availability layer by expanding blob capacity, reinforcing its Rollup-centric scaling strategy. Sectors such as DeFi, NFT, and blockchain gaming may also benefit from this.
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