If you’ve spent any time in the world of cryptocurrencies, you’ve probably heard the word “capitulation” thrown around, often during moments of panic when prices are plummeting. But what does it mean when someone says the crypto market is capitulating? And why should you, as an investor or even an observer, pay attention? Let’s break…
Sports betting platform SharpLink Gaming has acquired 176,271 Ether for $463 million, becoming the world’s largest publicly traded holder of ETH. In a Friday announcement, the Nasdaq-listed company said the Ether (ETH) acquisition was funded through a combination of private placement and at-the-market equity sales, including $79 million raised since May 30. The average acquisition…
Shares in sports betting platform Sharplink Gaming tumbled 73% in after-hours trading on Thursday after filing to register a large volume of shares for potential resale as the firm is soon to bet big on Ether. However, Sharplink Gaming chairman Joseph Lubin, who is also CEO of blockchain software firm Consensys, said that market watchers…
Key takeaways: Ether’s price has rallied 108% to $2,880 since April 9. ETH futures open interest hit all-time highs of $20 billion, signaling bullish sentiment. Ether’s bullish cup-and-handle pattern targets $4,200. Ether (ETH) price gained 108% between April 9 and June 11, reaching $2,880 for the first time since Feb. 8. This significantly outperformed the…
A lead developer of the Geth Ethereum client has accused the Ethereum Foundation (EF) of secretly creating and funding a second Geth development team. The Geth client is the software used by validators to execute Ethereum transactions. According to an X post by core developer Péter Szilágyi, the organization undermined the Geth development team in…
Key takeaway: The cryptocurrency market responded positively to today’s Consumer Price Index (CPI) report and reduced prospects of an escalating trade war between the US and China. Demand for alternative hedge instruments typically weakens in such scenarios, yet Bitcoin (BTC) neared $109,000, while Ether (ETH) posted a 3% gain, trading above $2,800. S&P 500 futures…
Key points: Bitcoin’s chance of hitting new highs increases as bulls show clear intent to defend the $109,000 level. ETH and HYPE are leading the altcoin charge. Bitcoin (BTC) has been holding near the $110,000 level, just short of the all-time high of $111,980. That suggests the bulls are holding on to their positions as…
Key takeaways: An Ethereum whale opened a $11.15M leveraged long position just as ETH broke out of a bull flag. ETH’s price surged above $2,850, pushing the whale’s trade into a $366K unrealized profit. Ethereum options skew turned sharply negative, indicating growing bullish trader positioning. A high-stakes Ether (ETH) long trade is making waves just…
Opinion by: Dr. K, co-founder of Quai Network While Bitcoin was intended to enable people to opt out of state-centralized money systems, the blockchain industry has since lost its way. Today, we see the threat of government overreach along with blockchain solutions that prioritize scalability and performance over decentralization. The rise of networks like Ethereum…
Japan’s Astar Network has become the first blockchain to implement the SuperchainERC20 standard for its ASTR token, in a move aimed at addressing longstanding interoperability issues between networks like Ethereum and Polkadot. SuperchainERC20 enables interoperability across Optimism’s Superchain collective, which consists of dozens of projects working to scale Ethereum. ASTR can now move between Astar’s…