The Elliot Wave theory has gained significant traction among Bitcoin analysts due to its accuracy in forecasting the future direction of the cryptocurrency’s price. One pseudonymous crypto analyst, XForceGlobal, recently utilized the 5-wave Elliot Wave theory to provide insights into what could potentially occur with the Bitcoin price. According to XForceGlobal’s analysis shared on TradingView,
Pseudonymous trader and analyst Roman has made a bold prediction regarding the ETH price, suggesting that investors should lower their short-term expectations. This comes amid a drop in the hype around the Spot Ethereum ETFs, with these funds currently suffering significant outflows. Roman mentioned during an interview with Hall of Flame that he doesn’t see
Jonathan Mann, a renowned artist known for creating a song daily for over sixteen years, alongside conceptual artist Brian L. Frye, has taken legal action against the US Securities and Exchange Commission (SEC). The core issue at hand is whether Non-Fungible Tokens (NFTs) representing digital art, such as those produced by Mann and Frye, should
Doodles has recently launched their Super Pass on Coinbase’s Base, an Ethereum layer-2 scaling network, signaling a significant step in their transformation from a collection of NFTs to a full-fledged Web3 entertainment company. DoodlesTV, the latest addition to The Stoodio at the Doodles site, leverages Web3 technology to revolutionize the interaction between fans, artists, and
Cardano (ADA) has recently experienced a significant surge in Exchange Traded Product (ETP) inflows, surpassing expectations. According to CoinShares, a renowned firm in the crypto ETP industry, institutional investors have injected a substantial amount of capital into Cardano, setting the stage for a potential uptrend ahead of the Chang hard fork. This unexpected influx of
Samuel Edyme, known by his intriguing nickname HIM-buktu, is a multifaceted individual who wears many hats in the ever-evolving landscape of web3. His expertise ranges from content writing to journalism, with a burning desire to carve a niche for himself in the trading world. Edyme’s portfolio boasts collaborations with renowned industry players such as AMBCrypto,
BlackRock has recently stated that they do not have any immediate plans to launch a Solana (SOL) ETF, despite the immense success of their Bitcoin and Ethereum spot ETFs that were introduced earlier this year. This decision leaves a gap for other asset managers to step in and compete in this area, with some already
21Shares, a subsidiary of 21Shares AG, recently made headlines by announcing the integration of Chainlink Proof of Reserve on the Ethereum mainnet. This move aims to reinforce the transparency of the Ethereum reserves that back the 21Shares Core Ethereum ETF (CETH). By leveraging Chainlink’s decentralized computing platform, 21Shares intends to provide investors with a clearer
Goldman Sachs CEO, David Solomon, recently shared his views on Bitcoin, stating that he believes it could potentially serve as a store of value similar to gold. While Solomon has never been a critic of Bitcoin, he still maintains a cautious stance on the cryptocurrency, viewing it primarily as a speculative investment with no clear
The US Securities and Exchange Commission (SEC) has made the decision to amend its original complaint against Binance. This move could potentially eliminate the need for the court to make a ruling on tokens that were previously classified as securities. The SEC’s filing on July 30th reveals that it has informed Binance, its US affiliate,
