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Nalezeno "why is ether up today": 347

Solana price gained 500% the last time this SOL metric turned bullish


Key Takeaways:Solana's 15% surge and potential close above the 50-week EMA signal strong bullish momentum, which previously led to a 515% rally in 2024. The $120 million in liquidity bridged to Solana reflects growing network confidence.Solana (SOL) price gained 18% this week, signaling rising...

BlackRock, crypto task force discuss ETP staking, tokenization


Wall Street giant BlackRock met with the Securities and Exchange Commission (SEC) Crypto Task Force to discuss staking within crypto exchange-traded products (ETPs) and tokenization of securities. The discussion could advance institutional interest in the crypto industry.According to a May 9 memo...

US VP Vance to speak at Bitcoin conference amid Trump crypto controversies


US Vice President JD Vance will speak at the Bitcoin 2025 conference in Las Vegas, roughly a year after then-presidential candidate Donald Trump spoke at the same event.According to a May 9 notice from the event’s organizers, Vance will address conference attendees in person on May 28, making...

Price predictions 5/9: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX


Key points:Bitcoin holding $100,000 as a level of support would confirm the current trend change.Ether leads among altcoins, and DeFi tokens could follow.Bitcoin (BTC) broke above the psychologically critical $100,000 level on May 8, and the bulls are trying to hold on to the level on May 9. In...

TeraWulf Q1 loss widens amid rising costs, falling revenue


Mining firm TeraWulf reported a net loss of approximately $61.4 million in its earnings for the first quarter of 2025, further deteriorating from the same period last year.Revenue fell to $34.4 million from $42.4 million in the same period of 2024, according to the company's earnings report...

US senators ask DOJ, Treasury to consider Binance-Trump ties — Report


A group of Democratic senators has reportedly sent a letter to leadership at the US Department of Justice and the Treasury Department expressing concerns about US President Donald Trump’s ties to cryptocurrency exchange Binance and potential conflicts of interest in regulating the industry....

Crypto sleuth ZachXBT says wrong suspect detained in Bored Ape NFT theft


Law enforcement detained the wrong person for a 2022 scam that pilfered more than $1 million worth of Bored Ape non-fungible tokens (NFTs), cybersecurity researcher ZachXBT said. In a May 9 X post, ZachXBT said he identified the wallet behind the scam and linked it to an X account that...

Bitcoin price rallies as global liquidity growth accelerates — Analysts


Key takeaways:Bitcoin’s price closely tracks global liquidity growth, with liquidity explaining up to 90% of its price movements, according to Raoul Pal.In the long term, global liquidity continues to expand, driven by the increasing debt levels in many countries.On a shorter timeframe...

Bitcoin hits $103K but DeFi is a mixed bag: Finance Redefined


The cryptocurrency market continued to surge this past week as the overall digital asset market capitalization exceeded $3.27 trillion, an 8.6% increase over the previous week.Bitcoin (BTC) reached a high of $103,600 on May 8 after reclaiming $100,000 for the first time since January. Its market...

Galaxy Digital approved for US domicile, clearing way for Nasdaq listing


Galaxy Digital has been approved by the US Securities and Exchange Commission (SEC) to redomicile in the United States, setting the stage for the crypto investment company’s listing on the Nasdaq stock exchange.Galaxy anticipates listing on the Nasdaq, a tech-focused US stock exchange...

Chance of Bitcoin price highs above $110K in May increasing — Here’s why


Key Takeaways:Bitcoin is driven by its ability to perform well in risk-on and risk-off environments, according to Bitcoin Suisse. Bitcoin’s Sharpe ratio of 1.72, second only to gold, underscores its maturity as an asset, offering superior risk-adjusted returns.A buyer-dominant market signals...

AI's GPU obsession blinds us to a cheaper, smarter solution


Opinion by: Naman Kabra, co-founder and CEO of NodeOps NetworkGraphics Processing Units (GPUs) have become the default hardware for many AI workloads, especially when training large models. That thinking is everywhere. While it makes sense in some contexts, it's also created a blind spot that's...

Why is Ethereum (ETH) price up today?


Ether (ETH) price rallied nearly 3% over the past 24 hours, reaching a high of $1,866 on April 1. The top altcoin’s daily trading volume increased by 27% to $15. billion as ETH climbed above $1,800.ETH/USD four-hour chart. Source: Cointelegraph/TradingViewSeveral factors are behind...

Crypto hacks top $1.6B in Q1 2025 — PeckShield


Hackers stole more than $1.63 billion in cryptocurrency during the first quarter of 2025, with the Bybit exploit accounting for more than 92% of total losses, according to blockchain security firm PeckShield.PeckShield reported that over $87 million in crypto was lost to hacks in January, while...

Binance ends Tether USDT trading in Europe to comply with MiCA rules


Binance has discontinued spot trading pairs with Tether’s USDt in the European Economic Area (EEA) to comply with the Markets in Crypto-Assets Regulation (MiCA).Cryptocurrency exchange Binance has delisted spot trading pairs with several non-MiCA-compliant tokens in the EEA in line with...

The future of digital self-governance: AI agents in crypto


Opinion by: Tomer Warschauer Nuni, chief marketing officer of Kima NetworkNo one should be surprised that the crypto space is actively discussing the new wave of enthusiasm around AI and its limitless uses. According to proponents, AI represents the most promising approach to enhancing blockchain...

OpenAI to release its first ‘open’ language model since GPT-2 in 2019


OpenAI is set to launch an “open” version of its language model this year, allowing developers to run the model on their own hardware.In an update posted to X on March 31, OpenAI CEO Sam Altman said the artificial intelligence firm would release the powerful “new open-weight...

SpaceX flight bankrolled by crypto investor launches first manned polar orbit


Elon Musk’s SpaceX has sent a crew of four private astronauts on the first manned space flight to orbit the Earth’s poles, in a mission bankrolled and led by a wealthy crypto investor.Chun Wang, the Chinese-born Maltese entrepreneur who founded the Bitcoin (BTC) mining pool F2Pool, paid...

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