ETH Buy Pressure Hits $5.5B As Price Nears Key Breakout

ETH derivatives show strong buyer dominance, leading traders to target $2,500 to $2,600 as the next crucial rally. Ether (ETH) futures on Binance have risen to a near two-month high as aggressive buyers stepped into the market over the past week. Buy-taker volume rose above $5 billion, and the current setup suggests the ETH rally…

New York, Illinois Ban Officials From Prediction Markets

New York Governor Kathy Hochul has signed an executive order banning state employees from betting on prediction markets, following a similar move by Illinois earlier this week. “Getting rich by betting on inside information is corruption, plain and simple,” Hochul said on Wednesday, adding: “Our actions will ensure that public servants work for the people…

Bitcoin, Ether Rally Higher As US Monetary Plan Excites Bulls

Key takeaways: US government bailout plans and currency swap lines with the UAE are easing global liquidity fears and lowering credit crisis risks. Record Bitcoin ETF inflows and rising BTC miner profits suggest strong bullish momentum despite the ongoing war in Iran. The total cryptocurrency market capitalization surged to an 11-week high on Wednesday as…

Bitcoin, Ether Rally Higher As US Monetary Plan Excites Bulls

Key takeaways: US government bailout plans and currency swap lines with the UAE are easing global liquidity fears and lowering credit crisis risks. Record Bitcoin ETF inflows and rising BTC miner profits suggest strong bullish momentum despite the ongoing war in Iran. The total cryptocurrency market capitalization surged to an 11-week high on Wednesday as…

Kalshi flags more insider trading cases, including politician who appeared on FBoy Island

Kalshi, one of the leading prediction market firms, has issued another set of insider-trading disciplinary actions against users accused of making improper trades based on their inside knowledge of their own political situations, including an ex-reality TV star in Virginia who said he did it intentionally. “Cases like these demonstrate Kalshi’s commitment to policing all…

Ex-FTX CEO Withdraws Motion for a New Trial, Still Asks for New Judge

Former FTX CEO Sam Bankman-Fried, serving a 25-year sentence for his role in misusing user funds at the crypto exchange, has dropped a motion in federal court requesting a new trial for his criminal case, but still has a pending appeal of his conviction and sentence. In a Wednesday filing in the US District Court…

Ethereum Risks 10% Dip Versus Bitcoin Despite ETH Staking Milestone

Ethereum’s record 32.33% staking ratio is shrinking liquid supply, reducing sell pressure and potentially supporting an ETH price recovery over time. Ether (ETH) has fallen about 5.5% against Bitcoin (BTC) over the past week, and a bearish continuation setup now points to the risk of deeper losses ahead. Key takeaways: Ether’s bear flag risks 10%…

Ethereum Risks 10% Dip Versus Bitcoin Despite ETH Staking Milestone

Ethereum’s record 32.33% staking ratio is shrinking liquid supply, reducing sell pressure and potentially supporting an ETH price recovery over time. Ether (ETH) has fallen about 5.5% against Bitcoin (BTC) over the past week, and a bearish continuation setup now points to the risk of deeper losses ahead. Key takeaways: Ether’s bear flag risks 10%…

Bitcoin Bull Score Index Rebound Fails to Quash 2022 Bear Market Fears

Bitcoin (BTC) price metrics are showing relief this month, but the risk of repeating the 2022 bear market remains. Key points: Bitcoin’s Bull Score Index combined price metric reaches its highest levels since October last year. The relief may be short-lived, analysis warns, pointing to the 2022 bear market. Crypto sentiment reaches its most bullish…

Ethereum Risks 10% Dip Versus Bitcoin Despite ETH Staking Milestone

Ethereum’s record 32.33% staking ratio is shrinking liquid supply, reducing sell pressure and potentially supporting an ETH price recovery over time. Ether (ETH) has fallen about 5.5% against Bitcoin (BTC) over the past week, and a bearish continuation setup now points to the risk of deeper losses ahead. Key takeaways: Ether’s bear flag risks 10%…