Crypto news

Ethereum is seeing a turnaround in sentiment owing to the SEC approval of a spot Ether ETF that is set to go live sometime next month. According to CoinShares’ latest report, Ethereum-based investment products experienced a second consecutive week of inflows marking a reversal from a 10-week outflow streak amounting to $200 million. Over the past week, Ethereum saw $33.5 million in inflows which pushed its monthly inflows upwards of $21 million. Altcoins Follow Ethereum’s...

Keith Gill, known online as “Roaring Kitty,” posted on Reddit that he is holding $181.4 million worth of GameStop (GME) stock and call options. Following his Reddit post, GME, ROAR, and KITTY meme coins gained 315%, 660%, and 477%, respectively. GameStop Meme Coin Rally Gill’s post, titled “GME YOLO update – June 2, 2024,” marks his first Reddit activity in three years. Under his account “u/DeepFuckingValue,” Gill disclosed $65.7 million in GameStop call options and $115.7...

Ethereum’s price has spiked significantly following its ETF approval. However, the market is yet to break its recent high. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the price broke above the large descending channel back in May. However, it has been consolidating between the $3,600 and $4,000 levels since, failing to continue its upward trajectory. Yet, with the Relative Strength Index still showing values above 50%, the momentum is seemingly...

The $70,000 level continues to be a major hurdle for bitcoin, but the latest data suggest that the world’s largest digital asset remains stable at the current price level and could initiate another leg up soon. According to the latest analysis by IntoTheBlock, BTC has maintained a stable price of around $69,000, primarily due to a robust demand zone between $66,900 and $68,900. The range in question is particularly noteworthy as it includes over two million addresses that...

Polkadot’s price has been consolidating over the past couple of months, following a steep decline in early April. Yet, things might be changing for the better. Technical Analysis By TradingRage The Daily Chart On the daily chart, the cryptocurrency has been range-bound inside a rising wedge pattern. This is a classical bearish reversal or continuation pattern that would be validated if the price breaks it to the downside. Meanwhile, the market has also been hovering around...

TL;DR Bitcoin rose above $69,000 after consolidating around $67,500, with predictions of further gains if key resistance levels are surpassed. Analysts point to interesting technical patterns and indicators suggesting BTC could reach new highs, potentially up to $85,000. Bitcoin Price Predictions to Watch After a brief period of consolidation around the $67,500 mark, the price of Bitcoin (BTC) started a new uptrend today (June 3), soaring above $69,000. Numerous analysts...

[unable to retrieve full-text content]CoinspeakerBinance Discontinues Cash Payment Option for P2P Crypto Trades in India Binance users in India can no longer avoid tax payments by making cash deposits for P2P trades as the exchange has suspended this option. Binance Discontinues Cash Payment Option for P2P Crypto Trades in India

[unable to retrieve full-text content]CoinspeakerMexico Elects New President, Here’s What It Means for Crypto Now, Mexican regulation does not have any specific rules for various types of tokens, such as NFTs, stablecoins, utility tokens, and CBDCs. Mexico Elects New President, Here’s What It Means for Crypto

[unable to retrieve full-text content]CoinspeakerMaple Finance Launches Syrup to Kickstart New Era in Institutional Lending Maple Finance also introduced the Syrup (SYRUP) token, which allows holders to stake in and participate in the ecosystem. Maple Finance Launches Syrup to Kickstart New Era in Institutional Lending

[unable to retrieve full-text content]CoinspeakerCrypto Lending Platform Frax Finance X Account Hacked, CEO Suspects Inside Job The Frax Finance CEO has requested everyone to steer clear of all website links shared from the compromised X accounts still stands. Crypto Lending Platform Frax Finance X Account Hacked, CEO Suspects Inside Job