Author: Sollcrypto

Bitcoin is currently trading within an ascending triangle pattern, a bullish chart formation suggesting a potential upward price movement. This pattern is characterized by higher lows and resistance at a specific level. BTC/USDT ANALYSIS Bitcoin is trading within an ascending triangle pattern, with the price fluctuating near a crucial upward trendline that indicates strong support. Furthermore, the 100-day moving average is acting as a significant barrier. Given these conditions,… pic.twitter.com/V830WNtvnK — Daily (@dailywintrade) June 16, 2024 Bitcoin Maintains Support, Confronts 100-Day Resistance Currently, the price is hovering just above a crucial ascending trendline, which has been providing strong support. If…

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In a recent tweet, the co-founder of Binance issued a public apology for an inappropriate meme posted on the company’s social media account. The incident involved a meme image shared on X, formerly known as Twitter, which was not properly vetted for cultural sensitivity. “We sincerely apologize! The social media team has recently been onboarded and lacks the corresponding cultural background. When they saw this MEME image in the community, they did not understand its meaning and posted it on X. This is our fault, and we will make sure to rectify…” — Yi He (@heyibinance) June 15, 2024 The…

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MultiversX has surpassed Decentraland in development activity, positioning itself as a leading blockchain gaming platform. This surge in development activities reflects a robust commitment to innovation within the MultiversX ecosystem. Following the troubling news of a $4.6M hack that compromised Ethereum’s gaming platform, as reported by CNF, a new leader has emerged in the blockchain gaming world. MultiversX has taken the lead over the Ethereum-based virtual reality platform Decentraland, showcasing a significant evolution in blockchain gaming dynamics. Leading with Innovation According to a recent tweet by Santiment, a market intelligence platform, MultiversX has now surpassed Decentraland in terms of development…

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The Solana Foundation has announced the removal of a group of validator operators from its delegation program due to their involvement in sandwich attacks on Solana users. This decision aims to ensure that the foundation does not delegate to validators who engage in malicious sandwich attacks on retail users. Tim Garcia, Solana Validator Relations Lead, made the announcement on the Solana Foundation’s Discord server, stating that the decisions are “final” and that ongoing enforcement actions will continue as the organization uncovers more operators involved in sandwich attacks. According to Mert Mumtaz, co-founder of Solana RPC provider Helius, this move will…

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Bitcoin Price Stalls at $71,000: Crypto Analyst Alan Santana Predicts Next Move The Bitcoin price has stalled after reaching the $71,000 level, floating in a state of indecisiveness. Such periods often precede a significant move, but the direction remains uncertain. To shed light on where Bitcoin might be headed, crypto analyst Alan Santana has analyzed the Bitcoin chart and proposed a potential trajectory. Bitcoin Could Be Heading Downward Crypto analyst Alan Santana has examined Bitcoin’s performance over the past year to predict its future price direction. He notes that Bitcoin has experienced a bullish wave for more than a year—479…

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Recent data from on-chain analytics platform CryptoQuant reveals a fascinating phenomenon in the Bitcoin market: long-dormant BTC, untouched in wallets for up to a decade, are suddenly springing into action. This movement coincides with Bitcoin’s price reclaiming the $70,000 mark, capturing the attention of investors and sparking analysis from on-chain analytics experts. Awakening of the Sleeping Giants CryptoQuant’s data highlights a notable trend: on June 2, approximately 2,800 BTC that had remained dormant for two to three years were transferred. The next day, an even larger movement saw 4,500 BTC, untouched for four to five years, being transferred. The activity…

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Ethereum price is facing challenges in breaking through the $3,840 resistance zone. ETH could see a bullish surge if it surpasses the $3,840 and $3,880 resistance levels. Key points: Ethereum Price Maintains Support Level Ethereum price declined again below the $3,760 support zone, retesting the $3,720 support but remained well-bid. A low was formed at $3,728 before the price started another increase, similar to Bitcoin. After moving above the $3,800 level, bears became active near $3,840. A high was formed at $3,836, and the price is now consolidating within a range. It is trading just below the 23.6% Fib retracement…

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Cardano’s consensus team has made significant progress on the UTXO-HD project. Additionally, the Hydra and Mithril teams have released new features and tools to enhance network capabilities. Cardano has announced several key advancements aimed at boosting the performance of its native cryptocurrency, ADA. These advancements span core technology, scaling solutions, governance, and educational initiatives, highlighting a robust strategy for network growth and stability. UTXO-HD Project Speeds Up Consensus Mechanisms The consensus team has made significant strides in the UTXO-HD project, updating it to use simple diffs, which have considerably improved mempool benchmarks. They also released version 0.10.0 of the quickcheck-state-machine…

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Last week, the SEC approved spot Ethereum ETFs, following the approval of Bitcoin ETFs. While the final approval is still pending, investors are already preparing for it. A CryptoQuant analyst reported that since the SEC’s approval of spot Ethereum ETFs, over 800,000 ETH, worth approximately $3 billion, have been withdrawn from crypto exchanges. The analyst noted that a similar situation occurred with Bitcoin in January. They believe that the ETH withdrawn from exchanges has likely been purchased by unknown individuals or institutions. The analyst suggested that the record outflow of 800,000 ETH, worth around $3 billion over eight days, could…

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Guest Post by Tim Haldorsson, CEO of Lunar Strategy In just nine years, Ethereum has transformed from a pioneer in on-chain smart contracts and programmable crypto to the backbone of decentralized finance and blockchain infrastructure. The recent SEC approval of ETH ETFs marks a significant milestone, solidifying Ethereum’s status as a mature asset class worthy of serious investment consideration. In this op-ed, I will highlight the most promising sectors within the Ethereum ecosystem that angel investors should closely watch to capitalize on this economic momentum. Layer 2 Decentralized Finance (DeFi) Ethereum paved the way for the birth of decentralized on-chain…

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