There has been a noticeable uptick in network activity in the broader Ethereum ecosystem. According to Dune Analytics, excluding Ordinals-related addresses, there are over 10 million wallets actively engaging with the mainnet and Ethereum layer-2 solutions like Base, Optimism, and Arbitrum.  Ethereum Ecosystem Vibrant: Record 10 Million Active Wallets  This milestone is a direct result of the successful implementation of the Dencun Upgrade in mid-March 2024. The update, one of the many other upgrades set for Ethereum, has effectively addressed pressing challenges, particularly those ..read more

Crypto analyst CrediBULL Crypto has revealed his bearish expectations for the foremost meme coin, Dogecoin (DOGE). Based on his analysis, the crypto token could drop to as low as $0.5 soon enough.   How Dogecoin Could Drop To As Low As $0.5 CrediBULL Crypto mentioned in an X (formerly Twitter) post that Dogecoin could drop to that price level depending on Bitcoin’s movement. He further revealed that he would be looking to open a short position if the meme coin first rose to between $0.18 and $0.20. Meanwhile, in a video posted on his YouTube channel, the analyst explained why he beli ..read more

In a letter addressed to US Judge Richard A. Jones for the Western District of Washington, former Binance CEO Changpeng Zhao, commonly known as “CZ,” expressed his remorse and apologized for what he called “poor decisions” made during his tenure as the head of the cryptocurrency exchange.  The letter was filed on Tuesday, ahead of his sentencing for charges related to anti-money laundering and sanctions violations. Former Binance CEO Apologizes For “Poor Decisions”  CZ began the letter by expressing gratitude to the court and the Probation Office for their time and consideration thro ..read more

In a major development, the co-founders of Samourai Wallet, Keonne Rodriguez, and William Lonergan Hill, were arrested by US authorities on charges of operating an unlicensed money-transmitting business and conspiracy to commit money laundering.  The duo allegedly facilitated the laundering of over $100 million in criminal proceeds, including funds originating from the Silk Road and Hydra Market. Samourai Wallet’s Alleged Criminal Activities The arrest of Rodriguez and Hill comes as a result of an extensive investigation led by the United States Department of Justice (DOJ), with collabora ..read more

A crypto expert has dropped an information bomb on the crypto community, exposing Market Makers (MMs) for their alleged influence in cryptocurrency price movements. The analyst has unveiled a series of strategies investors can apply to take advantage of this supposed manipulation, highlighting ways to recognize tokens involved with market makers and how to profit from it.  Market Makers Manipulate Crypto Price Movements A crypto analyst identified as ‘Rekt Fencer’ on X (formerly Twitter) has exposed different ways crypto market makers purportedly influence the prices of cryptocurrencies i ..read more

In a significant development for the Bitcoin (BTC) market, Hong Kong is poised to witness the commencement of trading for several spot Bitcoin ETFs on April 30th.  This milestone follows the successful approval and subsequent trading of Bitcoin ETFs in the United States earlier this year under the regulatory purview of the Securities and Exchange Commission (SEC).  With institutional adoption on the rise and Bitcoin reaching its all-time high of $73,700 in March, the forthcoming launch of these ETFs in Hong Kong holds great promise for the cryptocurrency market. Fee Battle Looms  ..read more

A crypto analyst has unveiled a bullish technical indicator for the popular doggy-themed meme coin, Dogecoin, predicting that the cryptocurrency could potentially outperform the world’s largest cryptocurrency, Bitcoin.   Dogecoin Shows Signs Of A Bullish Breakout In a recent X (formerly Twitter) post, crypto analyst, Kevin expressed optimism regarding Dogecoin’s recent price outlook, forecasting the cryptocurrency’s potential to surpass Bitcoin’s 2024 gains. Sharing a Dogecoin versus Bitcoin price chart, Kevin revealed that the doggy-themed cryptocurrency was presently “consolidating ..read more

Electric vehicle giant Tesla faces a financial slowdown, reporting a 15% dip in revenue and a nearly 50% plunge in adjusted earnings for the first quarter of 2024. This comes alongside the company’s first negative cash flow since early 2020. However, in a surprising move, Tesla has held onto its entire Bitcoin portfolio, signaling a potential shift in its cryptocurrency strategy. Tesla’s Bitcoin Stance: From Selling Spree To HODLing Previously, Tesla had a more fluid relationship with Bitcoin. In 2022, the company made headlines by selling off 75% of its holdings. This move coincided with a pe ..read more

As optimism around Ethereum Spot Exchange-Traded Funds (ETFs) continues to dwindle, Grayscale Investments, the world’s leading digital asset manager, has filed an S-3 Registration Statement for its Ethereum Trust, marking a major advancement in its Ether investment services. Grayscale Ethereum Trust Sets Stage For Growth Popular Fox Business journalist Eleanor Terrett reported that the company filed the S-3 registration statement with the United States Securities and Exchange Commission (SEC), requesting to convert its Ethereum Trust into a spot ETH ETF.  According to Terrett, Grayscale’s ..read more

In a nuanced critique published on X, a prominent Dogecoin contributor known as @Mishaboar has issued a significant warning concerning the trading of meme coins, especially those that secure listings on cryptocurrency exchanges almost immediately after their release. The contributor, who is a key figure within the Dogecoin community, used his platform to outline the potential pitfalls that unsuspecting investors might face. The Risks Of Memecoins @Mishaboar expressed deep concerns regarding the current trend in the crypto markets where meme coins quickly achieve market capitalizations in the m ..read more