Ethereum News by Thebittimes.Com

Hong Kong receives 22 license applications from crypto companies like OKX and Bybit to operate as digital asset exchanges. While Hong Kong closed the applications on February 29, leading players like Coinbase, Binance, and Kraken haven’t applied. The SFC asserts that the unlicensed crypto exchanges should be shut down by the end of May 2024. Hong Kong has reportedly announced the closure of receiving license applications from crypto companies on February 29. While Hong Kong received 22 applications from companies like Bybit, OKX, and Huobi to operate as crypto exchanges, leading players like Binance, Coinbase, and Kraken failed to apply. The Securities and Futures Commission (SFC) asserted that the crypto exchanges that haven’t applied for the license before the deadline should shut down their companies by the end of May 2024. In addition, the regulators reminded investors and traders to migrate to the license d platforms. In a note, the SFC warned, Vi...

Ben Armstrong claimed that XRP’s price dip was a “liquidity grab.” Solana’s fluctuation could be linked to Sam Bankman-Fried reportedly promoting Solana in prison. Increase in Cardano’s new addresses reportedly indicates a possible price rally. In a recent YouTube video, cryptocurrency influencer Ben Armstrong discussed price changes for XRP, Cardano, Ethereum, and Solana. Armstrong believes each crypto is leading to the possibility of a big price movement. According to Armstrong, the recent decline in XRP value is a deliberate move to acquire liquidity, hinting at a potential uptick in price. As of this writing, the trading price of XRP is $0.5947. Armstrong remarked, “XRP is going high very soon.”  Furthermore, Armstrong touched on Solana’s developments, linking its potential price fluctuation to recent news involving Sam Bankman-Fried. According to a recent New York Times report from an anonymous source, SBF recommended prison gua...

ClayBro thinks the recent breakout has opened the way for SHIB to rally to newer highs. SHIB settled above $0.00001 for the first time since April 2023. Data from IntoTheBlock showed that 230,000 wallet addresses became profitable when SHIB crossed $0.00001. ClayBro, a crypto analyst, thinks the recent SHIB breakout has opened the way for the flagship meme coin to rally to newer highs. In a recently uploaded video, the renowned SHIB analyst identified the meme coin’s price action around $0.000011 as a significant event in the developing bull run. Shiba Inu fell below the $0.000011 price level in April 2023 and tested it only twice without breaking above the established resistance. For nearly one year, SHIB traded sideways, with $0.000011 forming the upper limit of a horizontal channel. ClayBro noted how SHIB failed to follow Bitcoin and other cryptos to rally in the past year before embarking on the recent rally. Analyzing the recent developments, ClayBro...

A crypto strategist who nailed Bitcoin’s (BTC) 2018 bear market price floor says he’s looking at one memecoin to generate massive returns this cycle. Pseudonymous analyst Bluntz tells his 240,900 followers on the social media platform X that the Solana (SOL)-based memecoin dogwifhat (WIF) is his “highest conviction” trade this cycle. The trader shares a chart suggesting that WIF may be following in the footsteps of one crypto asset that has already printed 5x gains this year. “WIF will be my kingmaker trade for this cycle… Never thought my highest conviction bet would be a memecoin but here we are. [Here’s a] visual representation of what I think happens.”  Source: Bluntz/X Looking at the trader’s chart, he seems to predict that WIF can soar to as high as $3. At time of writing, WIF is trading for $0.611, indicating an upside potential of over 700% if the memecoin hits Bluntz’s target. The analyst is...

Today, the world’s leading crypto, Bitcoin, recorded a price increase of 4.47%, with a current price of over $58,000. The trend resonates across the market, particularly assets in the Solana chain. Many of the top trending tokens on the Solana chain recently recorded double-figure gains, marking the shift in the market dynamics. On the other hand, Bitcoin (BTC) is predicted to climb above the $60k mark and even surpass its ATH. The price action in the market leaves investors wondering how to allocate their funds for maximum ROI. Investing in Bitcoin may mean losing out on the altcoin trend. Top Trending Cryptos on Solana Chain Nevertheless, there are growing opportunities in the upcoming crypto projects. The advantage is that they allow investors to participate without parting with a fortune. For example, the Bitcoin Minetrix project will enable investors to capitalize on the Bitcoin trend through its cloud computing technology. With the BTCMTX token, investors can mine BTC ahe...

SEC requests a one-week extension for filing briefs in the Ripple lawsuit due to discovery resolution. The proposed extension will shift deadlines for opening, opposition, and reply briefs in the lawsuit. Ripple Labs reportedly consents to the extension request but the court is yet to rule on SEC’s proposal. According to former US federal prosecutor James K. Filan, the SEC has asked Judge Analisa Torres of the Southern District of New York to move the deadline for its opening brief from March 13th to March 22nd, 2024, extend the deadline for Ripple‘s opposition brief from April 12th to April 22nd, 2024, and push back the deadline for its reply brief from April 29th to May 6th, 2024. #XRPCommunity #SECGov v. #Ripple #XRP @SECGov has requested a change to the remedies briefing deadlines, asking that: (1) the @SECGov’s opening brief deadline be extended to March 22, 2024, (2) @Ripple’s deadline to file its opposition brief be extended to April 22, 20...

Over the past few hours, Theta Network price prediction shows that THETA gains 10.07%, and the next resistance level could be at $2.50. Theta Network Signals Bullish Reversal: Is THETA Set to Surge by 20%? The cryptocurrency market is experiencing significant price action, with top tokens adding value to their portfolios. Investor attention has shifted towards the DeFi sector, suggesting potential price movements for these tokens. Notably, Theta Network has seen a substantial 13.52% surge in the past 24 hours, making it one of the top gainers in the industry. Additionally, its impressive 51.84% increase this month highlights positive fundamentals driving the token’s growth. Theta Network Prediction Statistics Data: Theta Network price now – $1.99 Theta Network market cap – $2 billion Theta Network circulating supply – 1 billion Theta Network total supply – 1 billion Theta Network Coinmarketcap ranking – #49 THETA/USD Market Key Levels: Re...

Ethereum, THETA, Memeinator price prediction as crypto rally resumes Ethereum is seeing huge institutional investor interest and could target $5k while THETA may rally as the AI boom continues. The Memeinator is in presale and could explode as it rolls out its project. Ethereum could hit $5,000 amid growing institutional adoption. Meanwhile, Artificial Intelligence (AI) developments and meme coin resurgence could buoy Theta Network (THETA) and Memeinator (MMTR) respectively. Ethereum price: ETH attracting institutional investors Ethereum price has broken above $3,200 as market data shows institutions are betting big on the world’s second largest cryptocurrency by market cap. As crypto analyst Rekt Capital pointed out on X today, the last time Ethereum price spiked as it has this month was during the last bull cycle. While that happened near the cycle peak, the analyst says the extent of gains this month suggests the bull cycle might reach a new lev...

Do Kwon’s lawyer David Patton hints at the possibility of Kwon to miss the first day of his civil trial. The assumption is based on the prevailing uncertainty regarding Kwon’s extradition. Lawyer  Patton states that Kwon will not request for further postponement of the trial. Recent reports highlighted Terraform Labs Co-Founder Do Kwon’s potential failure to appear for the initial day of the upcoming civil trial on March 25. Kwon’s lawyer David Patton hinted at the possible situation, considering the court’s repeated delays in Kwon’s extradition decision. Last week, the High Court of Podgorica ruled to extradite Kwon to the United States, denying his request to be extradited to his native South Korea. Though Kwon’s legal team argued that Montenegro’s Justice Minister has the ultimate authority to pass the decision on his extradition, the court rejected it. While the court asserted that the decision might be altered again, it remains unclear when Kwo...

The Ethereum price is up almost 2% in the last 24 hours to trade for $3,065 as of 5:30 a.m. EST time on trading volume that jumped 10%. ETH’s latest breach of the $3,000 psychological level comes amid optimism on two themes. First, following the approval of spot Bitcoin exchange-traded funds (ETFs) in January, markets are hoping for approval of Ether ETFs, too, as early as May. 🚀🔥 Ethereum FOMO reaches new heights! Staking and restaking narratives fuel investor interest, with over 31 million ETH staked. A spot ETH ETF approval could amplify supply scarcity, propelling ETH to new highs. #ETH #FOMORising — митяй (@shoybis) February 26, 2024 With growing anticipation for an ETH ETF, the fear of missing out (FOMO) is also driving investors. Staking and restaking narratives continue to drive demand for Ethereum. A potential spot ETH ETF approval could also reduce market supply, which explains the current heightened bullish sent...

At the closing of 2023, hopes among crypto traders were high when it came to XRP. While the Bitcoin (BTC)-led rally that affected the crypto market as a whole played a part in this optimism, the string of legal victories Ripple Labs achieved in its long struggle with the SEC arguably had an even greater role. Despite this, while XRP went through a rally that briefly had it surge above $0.70 for the first time since early 2022, its performance since the start of 2024 has been far more lackluster and indeed mostly marked by stagnation and decline, causing many to wonder if the token will ever reach $1, let alone its previous all-time highs of $3 and beyond. TD Sequential reveals XRP’s imminent rally After offering middling performance through most of the first two months of 2024, the technical Analysis (TA) relying on TD Sequential of XRP’s weekly chart flashed a buy signal on Monday, February 26, per the prominent crypto analyst Ali Martinez, who shared his findings on X. ...

XRP’s daily chart showed that it had bounced off the lower lows and could trend higher. A successful close above $0.55 could trigger a 22.85% rally toward $0.70. The 4-hour and daily chart indicated that rejection at $0.55 could force a plunge to $0.50. Ripple’s (XRP) price action on the daily timeframe suggested that the token could break out soon. Between December 6 and February 14, XRP formed a descending parallel channel. During this period, the support line connected consecutive lower lows while the resistance linked consecutive lower highs. However, the price had since bounced off the support trend line at $0.50. Despite the upswing, XRP faced another hurdle at $0.55. Previous attempts to flip the zone had been met with rejection. XRP/USD Daily Analysis If bulls successfully breach the resistance, XRP triggers a 22.85% rally which could help the price retest $0.70. Conversely, another failed attempt at flipping $0.55 could lead the price downward...

Feb 24, 2024 at 09:46 // Price Author Coin Idol The Ripple coin is expected to test its recent low of $0.46. Price Analysis by Coinidol.com. Long-term XRP price forecast: bearish The Ripple coin (XRP) is currently trending downwards but made an upward correction on February 15, 2024. The upside correction failed as the altcoin was sold off at its high of $0.57. On the upside, buyers were able to sustain the bullish momentum above the moving average lines but were unable to break above the $0.57 hurdle. If the $0.57 resistance level is breached, the cryptocur...

Bitcoin is not the only cryptocurrency with mind-blowing performance this quarter; several other tokens are poised to become the next cryptocurrencies to explode. Siacoin, Pixel, and Pyth network are projects making waves in the industry. The recent performance of Pixel demonstrates the prospect of assets in the GameFi sector. Likewise, Pyth’s push for improved services in the on-chain-off-chain data access reveals a gap in the Oracle sector. The updates on their trend and performance are covered below. Next Cryptocurrency To Explode In the meantime, the crypto market recently witnessed established assets setting new ATH across the board. Nevertheless, new and upcoming Crypto projects are also making moves to establish an impressive reputation. An example is the Meme Kombat presale that’s set to go on exchanges in a few days. The community has demonstrated resilience, and the launch timing looks relatively perfect, coinciding with the ongoing bull run; details are provide...