Bitcoin may have ended its historical four-year cycle, signaling an incoming year of downside, despite widespread analyst expectations for an extended cycle driven by regulatory tailwinds. Bitcoin’s (BTC) $125,000 all-time high on Oct. 6 may have signaled the top of the current four-year Bitcoin halving cycle, both in terms of “price and time,” according to…
Key takeaways Libya’s cheap, subsidized electricity made it profitable to run even older, inefficient Bitcoin miners. At its peak, Libya is estimated to have generated around 0.6% of the global Bitcoin hash rate. Mining operates in a legal grey zone, with hardware imports banned but no clear law governing mining itself. Authorities now link illegal…
Analysts and investors are questioning why crypto isn’t in a bull market, given the amount of positive drivers that have taken place this year. “At some point, we need to admit that something is structurally broken in the crypto market,” CNBC crypto contributor Ran Neuner said on Tuesday. He said that multiple favorable factors should…
Perpetuals trading platform Synthetix is returning to Ethereum’s mainnet, with its founder arguing the network is now more than capable of supporting high-frequency financial applications after years of network congestion drove derivatives activity elsewhere. “By the time perp DEXs became a thing, the mainnet was too congested, but now we can run it back,” Synthetix…
Key takeaways: US-listed Ether ETFs saw heavy outflows, signaling fading institutional interest as network fees, staking and leverage demand declined. ETH futures premiums and open interest declined, indicating cautious positioning and limited confidence, without a clear shift to outright bearishness. Ether (ETH) plunged to $2,800 on Wednesday, triggering $165 million in liquidations across bullish futures…
Ether (ETH) has retraced 42% from its all-time high of $4,950 with traders wondering where the altcoin was likely to bottom out next. Key takeaways: Ethereum traders see ETH price dropping to $2,100 if support at $2,800 fails. Persistent Ether ETF outlaws and less treasury buying introduce more risks for bulls. Analysis: 25% ETH price drop…
Ethereum blockspace trading platform ETHGas announced it has raised $12 million in a seed round led by Polychain Capital. The funding announcement comes after Ethereum co-founder Vitalik Buterin recently discussed the idea of an onchain “gas futures” market, arguing that such a product could give users a clearer signal of expected fees and let them…
The Ethereum blockchain needs to better explain its features to users in order to achieve true trustlessness, a challenge common across blockchain protocols, says its co-founder Vitalik Buterin. Trustlessness would see a protocol work without the oversight of developers, as it enforces rules automatically with code. However, if a protocol is so complex that only…
Transaction throughput on the Ethereum network is set to be boosted again in early January with the second blob parameter-only (BPO) hard fork expected to enable the Ethereum gas limit to rise from 60 million to 80 million. Christine Kim, vice president of the research team at Galaxy Digital, shared the news in a post…
Key points: Bitcoin failed to hold above $90,000, indicating a lack of demand at higher levels. Several major altcoins started a recovery, but the higher levels attracted solid selling pressure from the bears. Bitcoin (BTC) bulls pushed the price above $90,000 on Wednesday, but higher levels attracted selling by the bears. Spot BTC exchange-traded funds…