Author: Digicoinvision
Bitcoin (BTC) tumbled below the critical $110,000 mark on Tuesday after a whale offloaded 24,000 BTC worth approximately $2.7 billion. Related Reading The massive sell order sparked a sharp market reaction, wiping out $205 billion from crypto market capitalization and triggering over $930 million in liquidations across leveraged positions. This sudden downturn pushed BTC to its lowest levels in nearly two months, with intraday lows near $109,000. Analysts warn the correction could extend further, as technical patterns point to a possible continuation of the Elliott Wave C move toward $105,000. Technical Signals: $105K or $108K in Play Market analysts project…
Join Our Telegram channel to stay up to date on breaking news coverage Pantera Capital is planning to raise $1.25 billion to convert a Nasdaq-listed company into a leading SOL treasury firm that’s tentatively called Solana Co. That’s according to a report from The Information, which said the crypto fund manager aims to raise an initial sum of $500 million, followed by another $750 million via warrants. Warrants are agreements that give a capital provider the right to buy company stock in the future at a price established when the warrants were issued. If the $1.25 billion is raised and…
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Dogecoin’s near-term uptrend may be running on fumes, with crypto analyst Kevin (Kev Capital TA) warning that a breakdown is already in motion and that the memecoin’s bull case now hinges on a thin band of support around $0.20. In a late-August 25 livestream, Kevin argued…
MetaMask introduced a social login feature on Aug. 26, allowing users to create and manage crypto wallets using Google or Apple accounts.According to the announcement, the initiative aims to eliminate the complexity of traditional 12-word seed phrases in its latest crypto adoption initiative.The self-custodial wallet service streamlined wallet creation into two steps: signing in with a Google o r Apple ID and creating a unique password. Users can then access their wallets without manually managing Secret Recovery Phrases (SRP), which MetaMask generates and stores securely behind the scenes.MetaMask stated:“Crypto doesn’t have to be complicated. That’s why we’ve made it easier…
Key Takeaways Ethereum sits at $4.5k, with MVRV hitting 2.5 after an 8% drop from ATH. Will FOMO drive the next leg, or is a deeper correction looming? Ethereum [ETH] teeters at $4,500, caught between FOMO and greed. On-chain, Open Interest (OI) retraced nearly 7% in a single session. In fact, in just three days, traders wiped out roughly $10 billion in leverage, marking a classic derivative deleveraging after an overextended run. At the same time, Ethereum’s Market Value to Realized Value (MVRV) ratio hit 2.10 as price flirted with its $4.9k ATH. Historically, each spike in this metric has…
Jack Dorsey’s Block Inc. recently announced the Proto Rig, a modular reinvention of Bitcoin mining hardware not seen since Bitmain’s launch of the S1 ASIC rig in 2013, over 12 years ago. The announcement was made from the facilities of Core Scientific with whom Block has partnered to design, test and develop the Proto line of mining hardware. Dorsey personally attended the event, among a who’s who of the Bitcoin mining industry. The Proto Rig has the potential to disrupt and challenge Bitmain’s effective monopoly over mining hardware manufacturing, with approximately over 80% of the market, a position it has…
US Commerce Secretary Howard Lutnick said the Department of Commerce will begin publishing economic statistics, including gross domestic product (GDP) data, on the blockchain. Lutnick made the announcement during a White House cabinet meeting on Tuesday, describing the effort as a move to expand blockchain-based data distribution across government agencies. Speaking to US President Donald Trump and other government officials, he said:“The Department of Commerce is going to start issuing its statistics on the blockchain, because you are the crypto president, and we are going to put our GDP on the blockchain so people can use it for data and…
Bitcoin mining company Hut 8 is building four new Bitcoin mining sites in Texas, Louisiana and Illinois, adding 1.5 gigawatts of capacity as US miners tighten their grip on the global hash rate.According to a Tuesday announcement, the expansion is aimed at broadening the company’s geographic footprint and target markets where “energy demand [is] rising most rapidly.”Hut 8 shares on Nasdaq soared as much as 10.5% on Tuesday following the announcement, according to Google Finance. The company said its current 1 gigawatt capacity has been 90% taken up.“By advancing more than 1.5 gigawatts of capacity… we position ourselves to more…
The first version of the Light Ethereum Subprotocol (LES/1) and its implementation in Geth are still in an experimental stage, but they are expected to reach a more mature state in a few months where the basic functions will perform reliably. The light client has been designed to function more or less the same as a full client, but the “lightness” has some inherent limitations that DApp developers should understand and consider when designing their applications. In most cases a properly designed application can work even without knowing what kind of client it is connected to, but we are looking into…
deBridge, the cross-chain interoperability protocol, announced Tuesday that the TRON network is now fully integrated and live on its platform, a move that immediately links one of the world’s busiest stablecoin rails to deBridge’s 25-chain routing fabric and gives users near-instant, MEV-protected transfers between TRON and other major blockchains. The integration brings TRON’s enormous on-chain scale into deBridge’s “lightspeed” bridging architecture. TRON today claims more than 320–327 million total accounts and over 11 billion cumulative transactions on its ledger, statistics that underline the chain’s heavy daily throughput and deep retail footprint, particularly in emerging markets where mobile-first wallets and low…