Author: Digicoinvision
Ethereum has entered a correction phase after weeks of aggressive buying pressure that pushed the price to a local high of $3,940. Following this rally, ETH has retraced over 12%, breaking below the $3,450 level as the market digests recent gains. The sharp pullback has sparked concerns of a deeper correction; however, on-chain data and market fundamentals paint a more optimistic picture. Related Reading Despite the price drop, Ethereum’s underlying strength remains intact. Whale addresses continue to accumulate during this dip, signaling high-conviction buying from large investors who are positioning for long-term gains. Additionally, Ethereum network activity is rising, with…
Key Takeaways A 200.5K Ethereum inflow to exchanges on the 1st of August, as the price fell below the $3,550 mark, did not bode well for ETH bulls in the short term. Will the price dip continue, and how deep could it go? Ethereum [ETH] was trading below the $3,550 level that has acted as a support since the 18th of July. The altcoin had formed a short-term range that reached from $3,550 to $3,860. Its descent below the short-term support meant that a move to $3.2k or even $3k was possible. Whale and insider moves add to bearish pressure…
The altseason fanfare remains on the rise despite a broad altcoin rally two weeks ago that has quickly evaporated in a wider market correction. As investors continue to await a potential rebound from these price dips, a popular analyst with X user PlanD has highlighted the two crucial signals that may initiate an altcoin market surge. Ethereum And USDT Market Key To Altseason Future In an X post on August 1, PlanD shared an in-depth technical analysis of multiple markets, including Bitcoin (BTC), Ethereum (ETH), Bitcoin Dominance (BTC.D), and USDT Dominance. In studying the ETH market, PlanD highlights that the…
Yield Basis, a protocol developed by the decentralized finance (DeFi) platform Curve Finance, mitigates impermanent loss for tokenized Bitcoin (BTC) and Ether (ETH) liquidity providers (LPs), while also creating a market-based approach to token inflation and emissions, according to Curve founder Dr. Michael Egorov. Impermanent loss in crypto occurs when the price of assets deposited in a liquidity pool dips or deviates in a way that leaves the user with fewer funds than if they had simply held their crypto and not engaged in liquidity provisioning.Dr. Egorov told Cointelegraph that when funds deposited in a liquidity pool are proportional to the…
Earlier this year, the Rayonism hackathon kicked off to protoype the architecture for Ethereum’s transition to proof of stake. The transition, often refered to as The Merge, will keep the existing beacon chain (eth2) and execution layer (eth1) clients, and “merge” both chains by making the beacon chain drive the execution layer’s consensus. This approach is the most recent in a series of iterations to the Ethereum roadmap (more on that here). While Rayonism proved that this was a sound architecture, there were still several things left to design, implement and test, including the actual proof of work (PoW) to…
Toncoin leads with 4.89% gain, topping daily crypto performance charts. Gold-backed tokens PAXG, XAUt rise over 2% amid macroeconomic uncertainty. XRP climbs to $2.98, maintains post-SEC settlement momentum. Toncoin (TON) led all major cryptocurrencies in daily gains, ending the last 24 hours with a 4.89% increase and trading at $3.59. The latest market data, posted by attorney John Morgan, showed price movements across a variety of digital assets, showing selective recovery amid broader consolidation in the crypto market. Following TON, Litecoin (LTC) registered a 2.70% uptick to reach $107.02. LTC’s positive price movement came amid recent volatility, which analysts attribute…
Yield Basis, a protocol developed by the decentralized finance (DeFi) platform Curve Finance, mitigates impermanent loss for tokenized Bitcoin (BTC) and Ether (ETH) liquidity providers (LPs), while also creating a market-based approach to token inflation and emissions, according to Curve founder Dr. Michael Egorov. Impermanent loss in crypto occurs when the price of assets deposited in a liquidity pool dips or deviates in a way that leaves the user with fewer funds than if they had simply held their crypto and not engaged in liquidity provisioning.Dr. Egorov told Cointelegraph that when funds deposited in a liquidity pool are proportional to the…
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved…
Key takeawaysCrypto investigator ZachXBT criticized Token2049 for poor sponsor vetting, warning that platinum sponsorships don’t equate to legitimacy. Several sponsors he flagged turned out to have shady records.JPEX and HyperVerse used event sponsorships to project credibility. Both later collapsed under fraud investigations, causing billions in investor losses and arrests.Red flags include anonymous teams, low liquidity, overhyped marketing, poor tokenomics and listings only on obscure exchanges. What drives these coins isn’t innovation but speculation, influencer buzz and cult-like followings, highlighting how unpredictability fuels their survival.In the unpredictable cryptocurrency market, certain digital assets continue to exist despite facing controversies, significant price drops or…
Opinion by: Joshua Chu, co-chair of the Hong Kong Web3 Association Last week’s announcement of Hong Kong’s LEAP Digital Assets Policy Statement 2.0 was made with much anticipation and fanfare. The government of Hong Kong promised a comprehensive regulatory framework that will unify licensing and “expand the suite of tokenised products.” Yet beneath the hype and visible maneuvers lies a far more consequential move: Beijing’s (the world’s second largest holder of crypto) announcement of its intention to liquidate confiscated virtual currencies through Hong Kong’s licensed exchanges. These events, while seemingly separate, are actually components of a carefully orchestrated strategy by China, designed…