Key takeaways: Ether’s “rare oversold” RSI, historically tied to major ETH price rallies, suggests a potential price reversal in the short-term. ETH traders say price must stay above the $3,800-$3,900 range to avoid more losses. Ether (ETH) traders expect a short-term bounce as a key ETH price metric sinks to its lowest levels in several…
Asset management giant BlackRock filed to register a Delaware trust company for its proposed Bitcoin Premium Income ETF on Thursday, signaling a push to broaden its Bitcoin offerings. Bloomberg ETF analyst Eric Balchunas said BlackRock’s proposed product would sell covered call options on Bitcoin futures, collecting premiums to generate yield. The regular distributions would, however,…
Ohio has become the latest US state to move toward allowing cryptocurrency payments for government services after the State Board of Deposit unanimously approved its first vendor to process digital asset transactions, according to a Wednesday announcement from the Ohio secretary of state. The move makes Ohio the fourth state to authorize cryptocurrencies for fees,…
The amount of Ethereum held on centralized crypto exchanges has fallen to its lowest level since 2016 amid an increase in institutional accumulation. The amount of Ether (ETH) on exchanges has been falling since mid-2020. Over the last two years, ETH supply on exchanges has been slashed by half. The ETH exchange exodus accelerated in…
Key takeaways: Bitcoin bounced to $113,900 after testing weekly lows, fueled by bullish divergences. Whale-sized entities have sold 147,000 BTC since August, signaling supply pressure. Bitcoin options implied volatility hit multi-year lows, hinting at a potential explosive move. Bitcoin (BTC) staged a swift recovery to $113,900 on Wednesday after sweeping below Monday’s low of $111,500…
Overview of tax regulations in India For the financial year 2024-2025, Indian tax law treats cryptocurrencies as virtual digital assets (VDAs) under the Income Tax Act, 1961. Section 2(47A) spells out what that means: Any code, number, token or piece of information created through cryptography counts as a VDA. The only exception is money itself…
Key takeaways: SOL’s funding rates show cautious sentiment, yet historical patterns highlight potential short-term price gains. Declining network usage and competition weigh on SOL, though treasury strategies and fundamentals remain supportive. Solana’s native token, SOL (SOL), dropped to a two-week low of $213 on Tuesday, reflecting heightened risk aversion across the cryptocurrency market. The initial…
Key takeaways: ETH risks a 15% correction toward $3,560 after breaking below its symmetrical triangle pattern. Bulls must defend the ascending trendline support to avoid a deeper decline. Ethereum’s Ether (ETH) token price has plunged by more than 7.50% this week, led by de-risking sentiment across the crypto market. ETH/USD daily price chart. Source: TradingView…
US lawmakers have called on Securities and Exchange Commission Chair Paul Atkins to help accelerate the executive order enabling crypto investments in US 401(k) retirement plans. In the letter on Monday, nine lawmakers, including House Financial Services Committee Chairman French Hill and Subcommittee on Capital Markets Chairman Ann Wagner, said that Atkins was asked to…
Stable, an institutional-grade stablecoin blockchain backed by cryptocurrency exchange Bitfinex, is integrating a stablecoin built by major online payment platform PayPal. PayPal Ventures has made a strategic investment in Stable to bring PayPal USD (PYUSD) stablecoin onto the Stablechain, according to an announcement by Stable on Monday. “This work with Stable reflects our commitment to…
