Balita sa Industriya ng Crypto at Market Trends

Big Day for Bitcoin and Ethereum Tomorrow: $15 Billion BTC and ETH Option Expires! Analyst Warned About Volatility!

Bitcoin Ethereum　　Big Day for Bitcoin and Ethereum Tomorrow: $15 Billion BTC and ETH Option Expires! Analyst Warned About Volatility!　　Balita ng Ethereum ng Bitcoin　　While volatile movements continue to occur in Bitcoin and Ethereum, three-month options contracts are about to expire.　　Accordingly, BTC and ETH options worth $15.2 billion will expire tomorrow on Deribit, the worlds leading cryptocurrency options exchange.　　While Deribit data reveals that the $15 billion figure is one of the largest maturities in the history of the stock market, it also shows that most BTC and ETH options will end in profit on Friday, tomorrow.　　While a large amount of options in BTC and ETH are expected to expire tomorrow, Deribit chief trading officer Luuk Strijers, speaking to Coindesk, said that this situation may cause pressure and high volatility on the BTC price.　　A large amount of options are expiring tomorrow and most of them will be in the money (ITM). This may cause upward pressure or volatility in the market.　　Bitcoin options worth $3.9 billion, with a market cap of approximately $70,000, will expire. This represents 41% of the $9.5 billion of total three-month open interest due. Similarly, according to Deribit data, 15% of the three-month total open positions in ETH of $5.7

2024-03-29Ethereum

Seasoned Analyst Reveals Ethereum Spot ETF Approval Prediction for May: Unlikely This Year

Ethereum　　Seasoned Analyst Reveals Ethereum Spot ETF Approval Prediction for May: “Unlikely This Year”　　Balita ng Ethereum ng Bitcoin　　Cryptocurrency market maker GSR revised its forecast for the approval of a spot Ethereum ETF in May, reducing the probability to just 20%. That‘s a significant drop from the firm’s estimate in January, which put the chance at 75%.　　“We now believe there is a 20% chance that the SEC will approve a spot Ethereum ETF in May,” GSR analyst Brian Rudick explained the revised forecast in a note published today. According to GSR Research Analyst Matt Kunke, the previous optimistic outlook was attributed to Grayscales Court of Appeals victory and the approval of Ethereum Futures ETFs in October.　　Rudick noted that the conditions leading to the potential approval of the spot Ethereum ETF are similar to those leading up to the approval of spot Bitcoin ETFs. These included the existence of a futures-based ETF and a significant correlation between the spot and futures markets.　　However, Rudick has now taken a more conservative view on the potential for spot ETH ETF approvals. He cited minimal interest from the SEC, political pressure against approving additional digital asset ETFs, and an alleged SEC investigation into whether ETH is a

2024-03-29Ethereum

Solana DEX Volumes Hit $50 Billion; Co-founder Compares Growth with Ethereums ⋆ ZyCrypto

Ethereum　　Ang mga Dami ng Solana DEX ay umabot sa $50 Bilyon; Pinaghahambing ng Co-founder ang Paglago sa ⋆ ZyCrypto ng Ethereum　　Balita ng Ethereum ng Bitcoin　　Solana‘s decentralized exchange (DEX) has reached a major milestone, surpassing $50 billion in trading volume. This achievement comes amid a surge in meme coin interest and trading activity within the Solana ecosystem, highlighting the L1 blockchain’s growing prominence in the crypto space.　　Anatoly Yakovenko, co-founder of Solana Labs, recently compared Solanas DEX performance to Ethereum, indicating a shift in market dynamics.　　As Solana continues to gain traction, its success challenges established players like Ethereum, signalling a potential paradigm shift in the decentralized finance (DeFi) landscape.　　Solana DEX Soars Past $50 Billion in Trading Volume　　The trading volume on Solana‘s DEX has surged past $50 billion, marking a significant milestone for the platform. This achievement underscores the growing popularity and adoption of Solana’s blockchain, which has been lauded for its speed and scalability.　　The blockchains ability to handle large transaction volumes at low fees has made it an attractive option for traders and developers, leading to a surge in activity within the ecosystem.　　Anatoly Yakovenko, co-founder of Solana Labs, drew comparisons between Solana and Ethereum in a post on X, highlighting the formers

2024-03-29Ethereum

Ethereum Gas Fee Surges after Strong Inscriptions Debut on Blobs

Ethereum　　Ethereum Gas Fee Surges after Strong Inscriptions Debut on Blobs　　Balita ng Ethereum ng Bitcoin　　Coinpeaker　　Ethereum Gas Fee Surges after Strong Inscriptions Debut on Blobs　　After the successful implementation of the Ethereum Dencun upgrade earlier this month, allowing the creation of Ethereum blobs. The blobs are similar to Bitcoin inscriptions which increase the inclusion of data within Ethereum transactions without affecting the block processing time.　　However, in the recent development, Ethereums economical memory segments dubbed blobs are facing an issue with excessive text or image storage, commonly referred to as “Blobscriptions”. Currently, approximately 40% of blobs are occupied by such inscriptions. As a result, this introduction of blobscriptions on the Ethereum network has led to a sudden surge in the gas fee on the network.　　As per the data from Crypto Intelligence firm Dune Analytics, there‘s been a major growth in inscriptions built atop Ethereum blobs, reaching new record levels. Over the last two days – March 27 and 28 – there’s been a major uptick in inscriptions on the Ethereum blobs.　　This trend bears similarities to the surge in activity observed with Ordinals on the Bitcoin blockchain. Notably, nearly 40% of Ethereum blob submissions on Wednesday were for inscriptions.　　The heightened activity in blob submissions has

2024-03-29Ethereum

Bitcoin (BTC), Ether (ETH) Prone to Topside Volatility as $15B Options Expiry Looms

Bitcoin Ethereum　　Bitcoin (BTC), Ether (ETH) Prone to Topside Volatility as $15B Options Expiry Looms　　Balita ng Ethereum ng Bitcoin　　“The big impact, however, is [from] the gamma positioning of dealers into the event. Dealers are short some $50 million of gamma, with the majority focused at around the $70,000 strike. As we near the expiry, that gamma position gets larger and the forced hedging will exacerbate volatility around $70,000, providing for some whippy, choppy moves either side of the said level,” Brickell told CoinDesk.

2024-03-28Ethereum

QuadrigaCX Mystery: Unexplained Wealth Order na Inihain Laban sa Co-Founder na si Michael Patryn

Tech　　QuadrigaCX Mystery: Unexplained Wealth Order na Inihain Laban sa Co-Founder na si Michael Patryn　　The British Columbia Civil Forfeiture Office has taken action against Michael Patryn, co-founder of the now-defunct QuadrigaCX cryptocurrency exchange, by filing an unexplained wealth order (UWO) with the British Columbia Supreme Court.　　This move aims to seize a substantial amount of assets, including $250,200 in cash, 45 gold bars, luxury watches, and other items found in a safety deposit box linked to Patryn.　　TLDR　　British Columbias Civil Forfeiture Office has filed an unexplained wealth order (UWO) against QuadrigaCX co-founder Michael Patryn.　　The order aims to seize assets including $250,200 in cash, 45 gold bars, luxury watches, and other items found in a safety deposit box linked to Patryn.　　QuadrigaCX, once Canadas largest cryptocurrency exchange, became insolvent in 2019 after the death of its other co-founder, Gerald Cotten.　　Patryn, who has a criminal record in the U.S., is alleged to have misappropriated customer funds and cryptocurrency during his involvement with QuadrigaCX.　　The case highlights the challenges of combating financial crime in the cryptocurrency industry and may set a precedent for addressing unexplained wealth.　　QuadrigaCX, once the largest cryptocurrency exchange in Canada, became insolvent in February 2019, shortly after the death of its other co-founder,　　Gerald Cotten, who

2024-03-28Industriya

Ang mga Bitcoin Trader ay Naghahanda para sa Epekto sa gitna ng Futures Gap

Bitcoin　　Ang mga Bitcoin Trader ay Naghahanda para sa Epekto sa gitna ng Futures Gap　　Bitcoin traders are currently poised on the brink of potential turbulence, as the notable gap in futures pricing highlights an impending wave of market volatility. This gap serves as a vital indicator, revealing underlying market dynamics including the recent sell-side pressures and the intricate interplay of supply and demand forces. As the gap size mirrors investor sentiment and market strength or weakness, understanding these nuances becomes paramount for traders.　　Through a blend of technical analysis and risk management strategies, informed decision-making is guided, enabling traders to navigate the uncertain waters ahead. Enhanced insights into how these factors coalesce could equip individuals with the tools necessary for mitigating risk and seizing opportunities in a fluctuating market landscape.　　Key Takeaways　　I‘ve found that keeping a keen eye on futures gaps has significantly sharpened my trading strategies. It’s exhilarating to navigate through the volatile waters of the cryptocurrency market, especially when you have the right tools and knowledge at your disposal. It feels like mastering a high-stakes game where the rewards can be substantial.　　The platform I use boasts an impressive win rate of 82%, highlighting its reliability in predicting market movements.　　They maintain full

2024-03-28Industriya

Sinabi ng Nangungunang Analyst na Blue Chip Ethereum Rival Eyeing Fresh 2024 Highs, Updates Outlook sa Bitcoin at Dogecoin

Bitcoin Ethereum　　Sinabi ng Nangungunang Analyst na Blue Chip Ethereum Rival Eyeing Fresh 2024 Highs, Updates Outlook sa Bitcoin at Dogecoin　　Balita ng Ethereum ng Bitcoin　　A widely followed analyst and trader is offering his prediction on three crypto assets amid a slight bump in the markets.　　Starting with the layer-one blockchain Near Protocol (NEAR), the analyst pseudonymously known as Bluntz nagsasabi his 251,200 subscribers on the social media platform X that the Ethereum (ETH) rival could rise above $9.01, the 22-month high last reached a little over a week ago.　　“Will NEAR be the first Layer-1 in the top-50 (by market cap) back to fresh 2024 highs？ I think the answer to that will be a resounding yes.”　　According to the analyst who regularly uses the Elliott Wave theory in his technical analysis, two five-wave patterns are playing out on the four-hour chart of NEAR. The Elliott Wave theory states that the main trend of the price of an asset moves in a five-wave pattern while a correction occurs in a three-wave pattern.　　Based on Bluntzs chart, one of the five-wave patterns could complete at above the $8.80 price while the second one could complete at around the $9.53 level.　　Pinagmulan: Bluntz/X　　Ang NEAR ay nakikipagkalakalan sa $7.84

2024-03-28Ethereum

Ang sell-side risk ratio ay umabot sa 3-taong mataas habang ang Bitcoin ay bumagsak sa itaas ng $73k

Bitcoin　　Ang sell-side risk ratio ay umabot sa 3-taong mataas habang ang Bitcoin ay bumagsak sa itaas ng $73k　　Balita ng Ethereum ng Bitcoin　　Ang sell-side risk ratio is calculated by dividing the sum of all profits and losses realized on-chain by the realized capitalization, offering a comparative view of daily investor activity against the total market capitalization adjusted for real-time inflows and outflows.　　A rise in this metric indicates a higher likelihood of sell-side pressure, potentially leading to increased market volatility.　　Between Feb. 8 and March 13, the Bitcoin sell-side risk ratio saw a significant surge, climbing from 0.12% to 0.777%. This increase followed a significant rise in Bitcoins price from $45,330 to $73,104. This period marked the highest sell-side risk ratio and the first instance of the ratio surpassing the 0.75% threshold since March 9, 2021.　　Following this peak, BTC dropped to $61,860 by Mar. 19 before to $70,000 on Mar. 26. The sell-side risk ratio adjusted to 0.556%.　　Graph showing Bitcoins sell-side risk ratio from Jan. 1 to Mar. 26, 2024 (Source: Glassnode)　　The increase of the sell-side risk ratio above its upper bound shows a period of among investors, often observed during the late stages of bull markets or bear market capitulation events. However,

2024-03-28Industriya

Blob base fee surges, Ethereum misses slots as ‘BlobScriptions’ go viral

Ethereum　　Blob base fee surges, Ethereum misses slots as ‘BlobScriptions’ go viral　　On Wednesday morning, the website Ethscriptions created a way to mint inscriptions on EIP-4844 blobs, which are cost-saving packets of data introduced in Ethereums recent Dencun upgrade.　　As with other blockchains that have received the inscription treatment, so-called BlobScriptions have heavily driven up the price of blockspace — or in this case, blobspace.　　Since Dencun, the base fee for a blob, or the minimum gas price needed for a blob to be included in the next Ethereum block, has been one wei, an Ethereum-denominated price that is equivalent to a fraction of $0.01.　　Magbasa nang higit pa: Ang pinakamalaking pag-upgrade ng Ethereum ay naging live　　Today, the blob base fee climbed above 500 gwei, according to ultrasound.money. One gwei is worth a billion wei.　　At the time of writing, the blob fee was roughly 6 gwei, marking a 60 trillion percent increase over the one wei blobs cost in the two weeks since Dencun. Six gwei is equal to around $0.20, according to CoinBrain.　　Notably, the much-increased blob fee is still lower than the price of gas on Ethereums layer-1, which stands at around 37 gwei, per Etherscan.　　Nevertheless, at a price of one wei, blob space

2024-03-28Ethereum

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