Author: Digicoinvision
The recent detailed analysis indicates that the global non-fungible token market is showing signs of renewed activity, potentially signaling a new bull run. This NFT market resurgence is part of a broader bullish trend in the crypto market and is driven by a shift toward utility-focused projects and institutional interest. Could EtherRock NFT, which was just sold a few hours ago, be an early sign for another NFT season? EtherRock NFT Sells For $300K Data compiled by cryptoslam.io, an on-chain crypto market data aggregator and a non-fungible token explorer, tracking non-fungible token collections from more than 20 blockchain networks, shows…
Ethereum has finally broken free from a multi-year-long consolidation phase, reigniting bullish sentiment across the crypto market. After spending over three years struggling to hold above the $4,000 level, ETH has now confirmed a decisive breakout, a move seen as the start of its next major rally. With momentum building and technical indicators aligning, analysts suggest that a run toward the $7,000 region could be closer than ever Ethereum Breaks Free After 1,146 Days Of Consolidation Mags, a popular crypto analyst on X, recently shared a bullish update, noting that ETH could be on track to reach the $7,331 mark.…
Crypto-friendly US Senator Cynthia Lummis has confirmed that acquiring funds for the US Strategic Bitcoin Reserve (SBR) can “start anytime” now, though legislative red tape is holding it back. In an X post on Monday, Lummis said that while it remains a “slog” on the legislative side of things, thanks to “President Trump, the acquisition of funds for an SBR can start anytime.” Senator Lummis’ latest comments on the SBR. Source: Cynthia Lummis Lummis made the comments in response to a post from ProCap BTC chief investment officer Jeff Park, who shared a video of himself and Bitcoin bull Anthony Pompliano discussing the…
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…
Ethereum price started a steady increase above $4,650. ETH is now consolidating and might aim for more gains if it clears the $4,750 resistance. Ethereum remained stable above $4,500 and started a fresh upward move. The price is trading above $4,550 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $4,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it settles above $4,720 and $4,750. Ethereum Price Gains Over 10% Ethereum price remained supported above the $4,400 level and started a fresh…
Join Our Telegram channel to stay up to date on breaking news coverage Morgan Stanley Wealth Management’s Global Investment Committee (GIC) has advised clients managing $2 trillion to allocate up to 4% of client portfolios to Bitcoin, and likened the leading crypto to “digital gold.” ”This is huge,” said Bitwise Chief Executive Officer (CEO) Hunter Horsley in a post on X. ”GIC guides 16,00 advisers managing $2 trillion in savings and wealth for clients. We’re entering the mainstream era.” This is huge. New Special Report from Morgan Stanley GIC: “we aim to support our Financial Advisors and clients, who may flexibly…
Strategy, the world’s largest corporate holder of Bitcoin, reported $3.9 billion in fair value gains for the third quarter, according to a company press release. Strategy holds roughly 640,000 Bitcoin, with an average purchase price of $73,983 per coin. At current prices near $124,500, its holdings are valued at approximately $78.7 billion, representing unrealized gains of about $31.4 billion. “For every $10,000 change in BTC price, we generate $6 billion in unrealized gains on our BTC holdings,” noted Chaitanya Jain, a Bitcoin Strategist at Strategy. The company has also issued several types of preferred shares this year to access additional…
Crypto asset manager Grayscale has introduced staking for its exchange-traded products (ETPs), becoming the first US-based crypto fund issuer to offer staking-based passive income opportunities.Grayscale said on Monday its Ether (ETH) ETFs — the Grayscale Ethereum Mini Trust ETF (ETH) and Grayscale Ethereum Trust ETF (ETHE) — are now the first US-listed spot crypto funds to offer staking, calling the development “another first-mover milestone.”Grayscale’s Solana (SOL) fund, the Grayscale Solana Trust (GSOL), has also enabled staking and is awaiting regulatory approval for uplisting to an ETP, which would make it one of the first spot Solana ETPs to enable staking,…
Bitcoin surged past $126,000 this week, driven largely by retail and non-institutional flows. With exchange-traded fund (ETF) inflows paused, the move signals renewed market confidence and growing retail momentum heading into October. Bitcoin Broke Highs Without Wall Street’s Help Bitcoin extended its record-breaking rally over the weekend, climbing above $125,000 in thin Sunday trading, this […]
Join Our Telegram channel to stay up to date on breaking news coverage The GENIUS stablecoin act could stop banks ripping off retail depositors, with tech giants Apple, Google, and Meta set to challenge them by embedding high-yield stablecoins into their platforms. That’s according to Tushar Jain, a co-founder of crypto fund manger Multicoin Capital. “The GENIUS Bill is the beginning of the end for banks’ ability to rip off their retail depositors with minimal interest,” Jain wrote in an X post. ”Banks are going to have to pay more interest to depositors and their earnings will significantly suffer as…