Author: Digicoinvision
Capital requirements for banks from by the Basel Committee on Banking Supervision (BCBS), which crafts banking standards, create a “chokepoint,” designed to throttle the growth of the crypto industry, according to Chris Perkins, president of investment firm CoinFund.The current capital rules lower a bank’s return on equity (ROE), a critical profitability metric in banking, by forcing higher reserve requirements for holding crypto, making crypto-related activities too expensive for banks, Perkins told Cointelegraph.“It’s a different type of chokepoint, in that it’s not direct. It’s a very nuanced way of suppressing activity by making it so expensive for the bank to do…
U.S. spot Ethereum ETFs recorded net outflows of $59.34 million on August 15, ending an eight-day streak that brought $3.7 billion in total inflows. The reversal comes as Ethereum (ETH) retreated from near all-time highs to current levels around $4,450. According to SoSoValue data, only BlackRock’s ETHA maintained positive flows with $338.09 million in single-day inflows, while other major ETFs posted outflows. Grayscale’s ETHE led withdrawals with $101.74 million in outflows, followed by Fidelity’s FETH at $272.23 million. Ethereum price surge drives institutional interest The recent surge in inflows coincided with Ethereum’s rally to $4,788. This brought ETH within 3%…
Key Takeaways XRP whales are stepping in. The XRP/ETH ratio has bounced 4% after a steep 20% weekly drop. Could Ripple be gearing up to lead the next market rebound? Ripple [XRP] is standing out in a bullish Q3 for altcoins. Its recent breakout pushed it close to the 2018 cyclical high of $3.50, marking the first test in seven years. Profit-taking came in hot, with realized gains hitting $1.6 billion, a six-month high. That triggered an 11% pullback, with XRP dipping below $2.90 and cracking $3 support twice since the peak. The first breakdown came when it failed to…
Recent price action has shown that XRP is establishing the $3 price level as a base, and an analysis of its fundamentals indicates various conditions that could push its price to multiple all-time highs. According to crypto analyst David_kml, XRP is no longer confined to speculation but is steadily becoming a vital part of global finance. This trend is very important in its push to new price highs. At the same time, XRP’s chart structure on the weekly candlestick timeframe shows that it may be approaching a breakout similar to Ethereum’s explosive run between 2016 and 2018. Related Reading Institutional…
Over the past week, the stablecoin market expanded by 1.28%, adding $3.464 billion to reach a total of $273.169 billion. Tether ( USDT) remains the heavyweight, commanding 60.49% of the entire market, with its supply climbing by roughly 730 million coins during the seven-day period. Tether and USDC Add to Market Dominance as Stablecoin Economy […]
“Best Crypto To Buy Now” chatter is gaining heat after a famed early PEPE backer turned attention toward a PayFi project with a clear use case. That investor, fresh off a 500X win, highlighted Remittix as the standout move while meme mania fades. While PEPE held cultural clout, interest is shifting “Best Crypto To Buy Now” may no longer mean chasing memes, but backing tokens offering real payment utility. Why “Best Crypto To Buy Now” Still Includes PEPE? The phrase “Best Crypto To Buy Now” often evokes meme coin energy, and PEPE still draws rallies. The token recently bounced after…
Bettors on Polymarket and Kalshi see an interesting path for U.S. President Donald Trump to claim the Nobel Peace Prize. On both platforms, the sitting president holds the second-highest odds, putting him squarely in contention. Prediction Markets Keep Trump in Close Race for Nobel Peace Prize The Nobel Peace Prize is a prestigious international honor […]
Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and interpreting…
January 14th tl;dc (too long, didn’t call) Disclaimer: This is a digest of the topics discussed in the recurring Eth1.x research call, and doesn’t represent finalized plans or commitments to network upgrades. The main topics of this call were Rough data quantifying advantages of switching to a binary trie structureTransition strategies and potential challenges for a switch to binary tries”Merklizing” contract code for witnesses, and implications for gas scheduling/meteringChain pruning and historical chain/state data — network implications and approaches to distribution. Logistics The weekend following EthCC (March 7-8), there will be a small 1.x research summit, with the intent of…
Key takeaways:Ether’s bull flag confirmation on the daily chart targets 34% gains to $6,100.The percent of ETH supply held on exchanges has dropped to 12% for the first time since 2016.Depleting ETH supply on exchanges points to a “supply squeeze” and long-term accumulation.Ether (ETH) price registered a multi-year high of $4,792 on Thursday after a 45% rise from its Aug. 3 low at $3,354. The price is now consolidating below its $4,867 all-time high after validating a classic bullish continuation pattern.Can Ether’s price rise 34% in the next few days?Ether’s “bull flag” hints at $6,000ETH rallied more than 126% between…