Markets

After facing rejection from the formidable resistance zone at $2.6K, Ethereum underwent a substantial downturn, breaking through multiple critical support levels. However, it has now landed at a substantial and decisive range, suggesting the possibility of a bullish reversal. By Shayan Ethereum Price Analysis: The Daily Chart A detailed analysis of Ethereum’s daily chart reveals a notable rejection after attempting to surpass the $2.6K resistance, resulting in a 20% decline....

[PRESS RELEASE – Roadtown, British Virgin Islands, January 25th, 2024] Followed by LIF3’s Token Migration to Ethereum Network for Enhanced Market Accessibility Today, $LIF3 (pronounced Life), a ground-breaking and complete omni-chain DeFi Layer-1 Curated Blockchain ecosystem, announces its recent listing on Bitfinex (https://trading.bitfinex.com/t/LIF3:USD), a premier digital asset trading platform, after recently migrating to the Ethereum Network from Fantom. This...

Singapore and Zurich, 25 January, 2024 – Global digital asset banking group Sygnum today announced that it has raised more than USD 40 million against an initial ~USD 35 million target in an interim close of its latest funding round, which is named the Strategic Growth Round. As of the completion of this interim close the company’s post-money valuation stands at USD 900 million. The Strategic Growth Round will provide the group with additional financing to expand into new markets and further...

EOS price started a fresh decline after it failed to stay above $0.750 against the US Dollar. The price is now trading below $0.7350 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.710 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to decline if it stays below the $0.7000 and $0.7100 resistance levels. EOS price is struggling below $0.700 against the US...

Litecoin started a fresh decline from the $72.00 resistance zone against the US Dollar. LTC price is now trading below $68.00 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $69.00 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could continue to move down unless the bulls protect the $63.20 support zone. Litecoin price is struggling below $70.00 against the US Dollar, like...

Bitcoin miner Core Scientific has completed its reorganization and is coming out of Chapter 11 with an improved financial position. In the latest statement, the company said it anticipates initiating the listing of its common stock, tranche 1 warrants, and tranche 2 warrants on the Nasdaq Global Select Market under the symbols CORZ, CORZW, and CORZZ, respectively, starting from January 24, 2024. Core Scientific Emerges From Chapter 11 According to the official press release,...

The meme coin market is showing signs of recovery after two brutal weeks, with Bonk (BONK) rising over 9% in the past 24 hours. Several other major meme coins, like Dogecoin (DOGE) and Shiba Inu (SHIB), have also rebounded as the overall crypto market shows signs of life. As interest returns to the meme coin sector, another new project being backed for growth is Meme Kombat (MK), which is in the midst of a highly successful presale phase. BONK Price Bounces Back as Buyers...

The beginning of this week saw a decline in the overall market capitalization of cryptocurrencies, dropping from $1.6 trillion to $1.5 trillion, indicating a day-on-day decrease of over 5%. This market downturn did not spare the native token of the Ethereum-based layer-2 Optimistic Rollup network, OP. Due to the broader market decline, OP incurred weekly losses of over 20%. Despite this, a substantial number of token holders maintained a profitable position. Optimism (OP)...

Cryptocurrency lending platform Nexo is seeking damages worth $3 billion from the Bulgarian government after the latter dropped its criminal investigations against the company. According to Nexo, the investigations allegedly cost the company a major soccer sponsorship deal and a stock market listing in the United States. Nexo Sues Bulgaria for $3 Billion Nexo and its subsidiaries filed an arbitration claim with the International Center for Settlement of Investment Disputes...

In a remarkable show of market performance, the SEI token, hailing from the Sei blockchain, has seen an astronomical rise of over 1,500% since its introduction in August 2023. This surge culminated in the SEI token reaching a zenith price of over $1 on prime exchanges like Gate.io. The Sei blockchain distinguishes itself as a specialized Layer 1 (L1) platform, engineered precisely for the nuances of cryptocurrency trading. Its acclaim lies in its self-proclaimed...