Solana memecoin hits a whopping $328T market cap — but for all the wrong reasons
Crypto users have continued to send funds to the apparent honeypot scam, even with many warnings they won’t be able to transfer any of it.
Crypto users have continued to send funds to the apparent honeypot scam, even with many warnings they won’t be able to transfer any of it.
Jameson Lopp, a prominent figure in the Bitcoin community, deliberately “griefed” one of Bitcoin’s testnets by generating three years’ worth of blocks in a single week to highlight a vulnerability, sparking outrage among fellow Bitcoin developers. Using just 20 lines of code and about $1 worth of electricity, Lopp’s action, intended to draw attention to […]
Ethereum price struggled to recover above $3,350 and corrected gains. ETH is consolidating near $3,200 and facing many hurdles. Ethereum started another decline and tested the $3,120 zone. The price is trading below $3,220 and the 100-hourly Simple Moving Average. There is a short-term rising channel forming with support at $3,170 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it trades below the $3,170 support. Ethereum Price Faces Uphill Task Ethereum price failed to settle above the $3,250 level and started another decline, like Bitcoin. ETH traded below the $3,200 level and even spiked below $3,120. A low was formed at $3,113 and the price is now consolidating. There was a minor increase above the $3,200 level. The price broke the 23.6% Fib retracement level of the recent decline from the $3,355 swing high to the $3,113 low. However, the bears were active near the $3,240 and $3,250 levels. The 50% Fib retracement level of the recent decline from the $3,355 swing high to the $3,113 low acted as a hurdle. There was a fresh decline below the $3,200 level. Ethereum is now trading below $3,200 and the 100-hourly Simple Moving Average. There is also a short-term rising channel forming with support at $3,170 on the hourly chart of ETH/USD. Immediate resistance is near the $3,200 level and the 100-hourly Simple Moving Average. Source: ETHUSD on TradingView.com The first major resistance is near the $3,240 level. The next key resistance sits at $3,300, above which the price might gain traction and rise toward the $3,350 level. A close above the $3,350 resistance could send the price toward the $3,450 resistance. If there is a move above the $3,450 resistance, Ethereum could even test the $3,550 resistance. Any more gains could send Ether toward the $3,620 resistance zone. More Downsides In ETH? If Ethereum fails to clear the $3,250 resistance, it could continue to move down. Initial support on the downside is near the $3,170 level and the channel zone. The first major support is near the $3,120 zone. The main support is near the $3,070 level. A clear move below the $3,070 support might push the price toward $3,030. Any more losses might send the price toward the $2,880 level in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $3,170 Major Resistance Level – $3,250
Bitcoin dev drama submitted by /u/Shiratori-3 [link] [comments]
That “someone” — Bitcoiner Jameson Lopp — argues he was championing a much-needed fix to one of Bitcoin’s testnets.
The Bank of Russia has dismissed the effect that a future confiscation of Russian assets in the U.S. might have on the nation’s economic stability. Elvira Nabiullina, governor of the bank, stated that Russia has been diversifying its asset portfolio for many years and that the assets to be seized weren’t in use anymore. Bank […]
The announcement of Eigenlayer’s airdrop, featuring non-transferable tokens and aggressive geo-restrictions, has sparked outrage among users who felt the allocated amount was minimal and the documentation confusing. Despite adding over $15.7 billion in staked Ether in anticipation, participants criticized the linear distribution model favoring large restakers and the stringent geographic limits excluding users from 30 […]
Hey Aussie Redditors! 🇦🇺 I'm considering diving into the world of crypto investments within my self-managed super fund (SMSF), and I'm eager to hear from those who have already ventured into this space. For those who have experience with SMSF investing in crypto, how has your journey been so far? Have you encountered any significant…
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Bitcoin price found support at $61,800 and recovered higher. BTC jumped to $64,500 and is currently consolidating gains above $63,500. Bitcoin started another increase after it found support near the $61,800 zone. The price is trading above $63,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $63,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must stay above the $63,200 support zone to continue higher in the near term. Bitcoin Price Holds Ground Bitcoin price started another decline below the $63,500 pivot level. BTC dropped below the $62,000 level before the bulls emerged. A low was formed at $61,774 and the price started a recovery wave. There was a move above the $62,500 and $63,500 resistance levels. Besides, there was a break above a key bearish trend line with resistance at $63,250 on the hourly chart of the BTC/USD pair. The pair even spiked above $64,500 and tested $64,750. A high was formed at $64,738 and the price started a downside correction. There was a move below the $64,000 level. The price tested the 50% Fib retracement level of the upward move from the $61,774 swing low to the $64,738 high. Bitcoin is now trading above $63,500 and the 100 hourly Simple moving average. Immediate resistance is near the $64,000 level. The first major resistance could be $64,500 or $64,750. A clear move above the $64,750 resistance might send the price higher. The next resistance now sits at $65,500. Source: BTCUSD on TradingView.com If there is a clear move above the $65,500 resistance zone, the price could continue to move up. In the stated case, the price could rise toward $66,200. The next major resistance is near the $68,000 zone. Any more gains might send Bitcoin toward the $70,000 resistance zone in the near term. Another Decline In BTC? If Bitcoin fails to rise above the $64,750 resistance zone, it could continue to move down. Immediate support on the downside is near the $63,500 level. The first major support is $63,000. If there is a close below $63,000, the price could start to drop toward $61,750. Any more losses might send the price toward the $61,200 support zone in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $63,500, followed by $63,000. Major Resistance Levels – $64,000, $64,500, and $65,500.
Ethereum restaking protocol Eigenlayer has promised to allocate 15% of EIGEN supply to the community, but not everyone was happy about it.