Author: Digicoinvision
SharpLink Gaming’s Ether holdings surged in value as the cryptocurrency climbed nearly 4.5% in the past 24 hours, pushing the company’s unrealized gains close to $1 billion.On Tuesday, the company said its unrealized profit from its Ether (ETH) purchases has surpassed $900 million since it initiated its accumulation strategy on June 2. Strategic ETH Reserve data shows that SharpLink holds 838,730 ETH on its balance sheet, worth around $3.93 billion at current prices. This makes the company one of the largest holders of ETH, with 0.69% of the asset’s total supply. “With 839k ETH on our balance sheet and no debt, SharpLink’s…
Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price edged down a fraction of a percent in the past 24 hours to trade at $124,517 as of 3:37 a.m. EST as Strategy’s Michael Saylor indicated he will pause buying BTC. In an X post on Oct. 5, Saylor told his followers that there would be “no new orange dots this week,” indicating Strategy would not be buying Bitcoin this week. No new orange dots this week — just a $9 billion reminder of why we HODL. pic.twitter.com/P84m14WF3G — Michael Saylor (@saylor) October 5,…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure As Ethereum (ETH) steadily approaches its all-time high (ATH), some industry leaders believe that the second-largest cryptocurrency by market capitalization is not entirely benefiting from organic demand. Rather, it is being “propped up” by Korean investors looking to make a quick buck. Ethereum Being Held Up By Korean Investors? In an X post earlier today, crypto entrepreneur Samson Mow made some interesting observations on ETH’s current price trajectory. The crypto executive attributed ETH’s current heightened price to Korean retail investors. Specifically, Mow stated that approximately $6 billion…
Dubai’s crypto regulator fined 19 companies for operating without licenses, signaling a continued push to strengthen oversight and protect investors.On Tuesday, Dubai’s Virtual Assets Regulatory Authority (VARA) announced that it had issued financial penalties and cease-and-desist orders against 19 companies found to be operating outside its regulatory perimeter. VARA said the sanctions were part of its ongoing effort to safeguard the emirate’s fast-growing digital asset ecosystem and limit the risks of unlicensed crypto activities.“Enforcement is a critical component of maintaining trust and stability in Dubai’s Virtual Asset ecosystem,” said VARA’s Enforcement Division. “These actions reinforce VARA’s mandate: to ensure that only…
An analyst has pointed out how Ethereum has seen a sell signal on the Tom Demark (TD) Sequential alongside the retest of a key resistance line. Ethereum Is Trading Around Upper Boundary Of Descending Channel In a new post on X, analyst Ali Martinez has talked about how Ethereum is looking from a technical analysis (TA) perspective. First, Martinez has pointed out that ETH has been trading inside a Descending Channel for the last couple of months. The Descending Channel refers to a consolidation pattern that forms whenever an asset’s price travels between two parallel lines that are sloped downward.…
Join Our Telegram channel to stay up to date on breaking news coverage Michael Saylor is urging popular YouTuber Jimmy Donaldson, also known as MrBeast, to buy Bitcoin even as Strategy hits the brakes on its own BTC accumulation. Saylor’s message to the YouTube megastar came after MrBeast posted about the rapid progress of AI on X, which he says poses a potential threat to YouTubers’ income. “When AI videos are just as good as normal videos, I wonder what that will do to YouTube and how it will impact the millions of creators currently making content for a living,”…
Decentralized finance (DeFi) analytics platform DefiLlama is delisting perpetual futures volume data for the Aster decentralized exchange platform (DEX) due to data integrity concerns, according to 0xngmi, a pseudonymous co-founder of DefiLlama.Trading volume on Aster, which is linked to CZ, co-founder of the Binance crypto exchange, is now “mirroring Binance Perp volumes almost exactly,” 0xngmi said, adding that the correlation ratio between Binance and Aster trading volumes is about 1. He continued:“Aster doesn’t make it possible to get lower-level data, such as who is making and filling orders, so until we can get that data to verify if there’s wash…
Ethereum price is still in an uptrend and has reclaimed a key milestone as it continues its push higher. Summary Ethereum price has again climbed above $4,700, gaining 4% in 24 hours amid a broader “Uptober” market rally. The asset has risen 11% over the past week, with a market cap of about $570 billion and daily volume near $40 billion. Ethereum ETFs in the U.S. saw $177 million in new inflows, totaling $1.47 billion over a six-day streak. The asset’s price has broken out of a short-term descending channel, forming a new ascending structure. At the time of writing,…
The European Union is reportedly considering sanctions against A7A5, a Russian ruble-backed stablecoin that’s the world’s largest non-US-dollar pegged stablecoin.The sanctions would prohibit EU-based organizations and individuals from engaging directly or indirectly through third parties with the token, according to a report from Bloomberg on Monday, citing documents related to the proposal.Several banks in Russia, Belarus and Central Asia are in the firing line too, accused of enabling sanctioned entities to conduct crypto-related transactions, Bloomberg reports.It is the latest effort by the EU to hobble Russian-tied crypto movements, following Sept. 19 sanctions on crypto platforms that blocked all transactions for…
Switzerland’s gambling regulator Gespa is investigating the Fédération Internationale de Football Association (FIFA)’s blockchain-based “right-to-buy” tokens. The Gambling Law Inquiry Switzerland’s gambling regulator, Gespa, is reportedly investigating whether FIFA’s blockchain-based “right-to-buy” tokens comply with national gambling laws. Manuel Richard, Gespa’s director, said an initial internal assessment has not provided sufficient grounds to close the inquiry. […]