LIVEVladislav Hryniv
@vlad_hryniv
Web3 | Crypto | Blockchain
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💥 U.Today Analytics: Here's How $ETH Can Reclaim $3,000
Ethereum is currently navigating through a challenging phase, hovering around the $2,923 mark. This price level is just above the critical 200-day EMA support at $2,700, which serves as a major psychological and technical stronghold for the asset. Ethereum has shown resilience near the $3,000 threshold, an extremely important mark. The ability to sustain above this threshold can often stimulate confidence among investors and traders, potentially driving a rebound toward higher valuations.
For Ethereum to reclaim the $3,000 mark and establish strong upward momentum, there are several key factors and market dynamics to consider: Support levels: The immediate support at the 200-day EMA of $2,700 must hold firm. If this level is decisively breached, it could lead to increased selling pressure, pushing the price further down.
Maintaining above this support confirms that long-term bullish sentiment still exists on the market. Resistance to overcome: Looking upward, the immediate resistance Ethereum faces is at the $3,100 mark, followed by more significant resistance at $3,300. Breaking these levels with substantial volume can signal strong buying interest and potentially pave the way to more gains.
Technical indicators: Investors should watch the Relative Strength Index (RSI) and moving average convergence divergence (MACD) for signs of momentum shifts or potential reversals. Currently, with the RSI nearing oversold conditions, there could be an opportunity for a bounce back if investor sentiment improves.
Ethereum is currently navigating through a challenging phase, hovering around the $2,923 mark. This price level is just above the critical 200-day EMA support at $2,700, which serves as a major psychological and technical stronghold for the asset. Ethereum has shown resilience near the $3,000 threshold, an extremely important mark. The ability to sustain above this threshold can often stimulate confidence among investors and traders, potentially driving a rebound toward higher valuations.
For Ethereum to reclaim the $3,000 mark and establish strong upward momentum, there are several key factors and market dynamics to consider: Support levels: The immediate support at the 200-day EMA of $2,700 must hold firm. If this level is decisively breached, it could lead to increased selling pressure, pushing the price further down.
Maintaining above this support confirms that long-term bullish sentiment still exists on the market. Resistance to overcome: Looking upward, the immediate resistance Ethereum faces is at the $3,100 mark, followed by more significant resistance at $3,300. Breaking these levels with substantial volume can signal strong buying interest and potentially pave the way to more gains.
Technical indicators: Investors should watch the Relative Strength Index (RSI) and moving average convergence divergence (MACD) for signs of momentum shifts or potential reversals. Currently, with the RSI nearing oversold conditions, there could be an opportunity for a bounce back if investor sentiment improves.
Crypto News Recap: No More Likes on X, Avalanche’s Integration, Ethereum Whale Wakes Up, and More
The crypto market is constantly evolving, attracting the attention of the community. Every day, new cryptocurrencies, technological solutions, and innovations appear that expand the boundaries of the financial world. Crypto news is a key element that keeps users up to date with the latest developments. This article summarizes the most significant events in the industry over the past week.
Recruiter or Hacker?
Blockchain security company SlowMist recently discovered a new cybercrime strategy involving the Lazarus hacker group from North Korea. Using LinkedIn for phishing attacks, they pose as recruiters and investors to trick employees into downloading malware that allows them to steal valuable information and assets.
SlowMist’s investigation revealed that the hackers posed as Fenbushi Capital partners on LinkedIn to attract cryptocurrency industry professionals. They offered fake jobs or investment opportunities to gain access to victims’ systems. Their strategy was to send coding requests as part of the recruitment process. The seemingly innocuous files contained malware that, when run, installed a Trojan program that allowed remote access to the victim’s computer. This method allowed Lazarus to steal confidential information and assets without the victim’s knowledge.
Moreover, this is not the first time hackers have used LinkedIn for targeted attacks. In December 2023, they impersonated a fake Meta recruiter. Incidents like these only underscore the need for better security practices as fraudsters become more knowledgeable and sophisticated in their attacks.
Ethereum Whale Wallet Wakes Up After 8 Years of Dormancy
An Ethereum wallet associated with the Ethereum Foundation has woken up after an eight-and-a-half-year hiatus, transferring 2000 Ether (ETH) worth $6.6 million to a new address. This was reported by the analytical company Lookonchain in its X. They note that 2000 ETH were credited to the wallet on September 22, 2015. At that time, the ETH rate was less than a dollar and amounted to $0.9.
According to Etherscan, the transaction was made at 11:46 am on April 28, which means that the recipient’s wallet was empty at the time of the transfer. At the moment, 2,000 ETH are worth $6.65 million, which means that the Ethereum Whale has increased its profit by 369.344%.
Interestingly, this is happening at a time when the US securities regulator is set to decide on May 23 whether to approve some or all of the applications for Ethereum spot exchange-traded funds.
Avalanche Integrates With Stripe
The Avalanche C-Chain network has announced an integration with the payment company Stripe. The partnership allows Stripe users to purchase AVAX and transfer them to their wallets. In addition, eight Avalanche Web3 applications have also been integrated with the platform.
According to the post, Avalanche application developers can now embed the widget in their interfaces, allowing users to convert fiat to cryptocurrency using the payment platform.
The integration aims to solve the “cold start problem” in Web3, which occurs when users do not have enough funds to complete a transaction. To do so, Stripe will take care of “all KYC, payment, fraud, and compliance issues,” allowing developers to focus on the app itself. Initially, the integration allows users to create Avalanche accounts using their Google or Apple IDs and fund them with bank transfers, debit or credit cards.
Akash Gupta, Head of Consumer Products at Ava Labs, believes that the partnership will help increase the adoption of cryptocurrencies around the world.
“Core’s integration with Stripe is just another step that underscores our dedication to providing users with intuitive and streamlined solutions. By further bridging the gap between crypto and fiat, Core continues to pave the way for seamless onboarding and broader consumer adoption of digital currencies in everyday transactions,” he notes.
No More Likes on X?
Since Elon Musk owned Twitter, now X, there have been many updates. Sometimes not even for the better. But another big update is coming soon. According to a software engineer from X, “within the next few weeks,” the social network may remove likes and reposts from the feed view.
“I’m not working on this change myself, but employees are still dogfooding it. It should be gradually rolled out to users in the next few weeks and the UX may change by then,” said X software engineer Ellis Driscoll in an April 29 post.
Driscoll’s comment came in response to a demo video of the yet-to-be-implemented user interface shared by X’s head of payments, Christopher Stanley. The video demonstrates an “exploding menu” where likes and reposts are contained in a separate section on the home screen. Driscoll notes that the video only shows the menu, not the full user interface.
As before, X users will be able to view the number of likes and reposts, but they will need to open each post separately. Stanley added that the new user interface will allow users to interact with posts by “long-pressing and then swiping to select,” which he said “resembles a video game interface.”
“Now This Looks Like a Job For Me”
The American rapper Eminem not only announced his new album but also became one of the celebrities who have recently advertised on the cryptocurrency exchange Crypto.com. The rapper posted a post with a video on social network X, writing simply: “You know what it’s always been.”
The video shows a boxing workout riddled with cryptocurrency jargon, including “proof-of-work” and the now infamous Crypto.com slogan: “Fortune favors the brave.” Eminem became the first celebrity to promote the exchange after a commercial with Matt Damon. At the time, the actor became a victim of ridicule and even appeared in an episode of South Park in 2022. He later stated that he only appeared in the ad to support Water.org, an initiative for clean water.
On social media, the reaction to Eminem’s cryptocurrency ad was mixed. Many users began to parody the words from the rapper’s songs, stylizing them for the crypto space. Here are some of them: “May I have your attention, please? Will the real Satoshi please stand up?”; “Yall act like you never seen a rug pull before jaws all over the floor like sbf just burst through the door”; “Craig Wright stands up. Eminem — “We’re gonna have a problem here”.
However, others doubted that his sponsorship would be better than Damon’s. Celebrities rarely promote cryptocurrencies, since famous people like Tom Brady, Gisele Bündchen, and Larry David took money to promote FTX before the exchange collapsed, and its founder was imprisoned.
Listing News
Cryptocurrency exchanges are constantly diversifying their trading opportunities and conducting many listings. A selection of tokens recently added to cryptocurrency exchanges:
Aurora Token is a cryptocurrency associated with the Aurora blockchain ecosystem that runs on the Near protocol. It facilitates the exchange of assets, including ERC-20 tokens, between Ethereum, NEAR, and Aurora via the Rainbow Bridge. The token is available for trading on exchanges such as KuCoin, WhiteBIT, Gate.io, and others.RSIC-GENESIS-RUNE is a Bitcoin-based project that allows users to mine a new fungible token called runes on the Bitcoin blockchain. RSIC is available on OKX, Gate.io, and BitMart exchanges.RTF Token is the first boxing token of the Ready to Fight project, founded by the famous Ukrainian boxer Oleksandr Usyk and his coach Sergey Lapin. The project has been officially supported by the World Boxing Council (WBC), the Saudi Arabian Boxing Federation, and the founders of the Riyadh Season event. The token is available for trading on Gate.io, WhiteBIT, HTX, and other cryptocurrency exchanges.The Rabbitgame project is dedicated to the formation of a blockchain-based ecosystem, and Rait is a utility token that actively participates in the management of the platform’s network. Cryptocurrency exchanges where the token is available: MEXC, OKX, Binance, and others.
$ETH $AVAX
Recruiter or Hacker?
Blockchain security company SlowMist recently discovered a new cybercrime strategy involving the Lazarus hacker group from North Korea. Using LinkedIn for phishing attacks, they pose as recruiters and investors to trick employees into downloading malware that allows them to steal valuable information and assets.
SlowMist’s investigation revealed that the hackers posed as Fenbushi Capital partners on LinkedIn to attract cryptocurrency industry professionals. They offered fake jobs or investment opportunities to gain access to victims’ systems. Their strategy was to send coding requests as part of the recruitment process. The seemingly innocuous files contained malware that, when run, installed a Trojan program that allowed remote access to the victim’s computer. This method allowed Lazarus to steal confidential information and assets without the victim’s knowledge.
Moreover, this is not the first time hackers have used LinkedIn for targeted attacks. In December 2023, they impersonated a fake Meta recruiter. Incidents like these only underscore the need for better security practices as fraudsters become more knowledgeable and sophisticated in their attacks.
Ethereum Whale Wallet Wakes Up After 8 Years of Dormancy
An Ethereum wallet associated with the Ethereum Foundation has woken up after an eight-and-a-half-year hiatus, transferring 2000 Ether (ETH) worth $6.6 million to a new address. This was reported by the analytical company Lookonchain in its X. They note that 2000 ETH were credited to the wallet on September 22, 2015. At that time, the ETH rate was less than a dollar and amounted to $0.9.
According to Etherscan, the transaction was made at 11:46 am on April 28, which means that the recipient’s wallet was empty at the time of the transfer. At the moment, 2,000 ETH are worth $6.65 million, which means that the Ethereum Whale has increased its profit by 369.344%.
Interestingly, this is happening at a time when the US securities regulator is set to decide on May 23 whether to approve some or all of the applications for Ethereum spot exchange-traded funds.
Avalanche Integrates With Stripe
The Avalanche C-Chain network has announced an integration with the payment company Stripe. The partnership allows Stripe users to purchase AVAX and transfer them to their wallets. In addition, eight Avalanche Web3 applications have also been integrated with the platform.
According to the post, Avalanche application developers can now embed the widget in their interfaces, allowing users to convert fiat to cryptocurrency using the payment platform.
The integration aims to solve the “cold start problem” in Web3, which occurs when users do not have enough funds to complete a transaction. To do so, Stripe will take care of “all KYC, payment, fraud, and compliance issues,” allowing developers to focus on the app itself. Initially, the integration allows users to create Avalanche accounts using their Google or Apple IDs and fund them with bank transfers, debit or credit cards.
Akash Gupta, Head of Consumer Products at Ava Labs, believes that the partnership will help increase the adoption of cryptocurrencies around the world.
“Core’s integration with Stripe is just another step that underscores our dedication to providing users with intuitive and streamlined solutions. By further bridging the gap between crypto and fiat, Core continues to pave the way for seamless onboarding and broader consumer adoption of digital currencies in everyday transactions,” he notes.
No More Likes on X?
Since Elon Musk owned Twitter, now X, there have been many updates. Sometimes not even for the better. But another big update is coming soon. According to a software engineer from X, “within the next few weeks,” the social network may remove likes and reposts from the feed view.
“I’m not working on this change myself, but employees are still dogfooding it. It should be gradually rolled out to users in the next few weeks and the UX may change by then,” said X software engineer Ellis Driscoll in an April 29 post.
Driscoll’s comment came in response to a demo video of the yet-to-be-implemented user interface shared by X’s head of payments, Christopher Stanley. The video demonstrates an “exploding menu” where likes and reposts are contained in a separate section on the home screen. Driscoll notes that the video only shows the menu, not the full user interface.
As before, X users will be able to view the number of likes and reposts, but they will need to open each post separately. Stanley added that the new user interface will allow users to interact with posts by “long-pressing and then swiping to select,” which he said “resembles a video game interface.”
“Now This Looks Like a Job For Me”
The American rapper Eminem not only announced his new album but also became one of the celebrities who have recently advertised on the cryptocurrency exchange Crypto.com. The rapper posted a post with a video on social network X, writing simply: “You know what it’s always been.”
The video shows a boxing workout riddled with cryptocurrency jargon, including “proof-of-work” and the now infamous Crypto.com slogan: “Fortune favors the brave.” Eminem became the first celebrity to promote the exchange after a commercial with Matt Damon. At the time, the actor became a victim of ridicule and even appeared in an episode of South Park in 2022. He later stated that he only appeared in the ad to support Water.org, an initiative for clean water.
On social media, the reaction to Eminem’s cryptocurrency ad was mixed. Many users began to parody the words from the rapper’s songs, stylizing them for the crypto space. Here are some of them: “May I have your attention, please? Will the real Satoshi please stand up?”; “Yall act like you never seen a rug pull before jaws all over the floor like sbf just burst through the door”; “Craig Wright stands up. Eminem — “We’re gonna have a problem here”.
However, others doubted that his sponsorship would be better than Damon’s. Celebrities rarely promote cryptocurrencies, since famous people like Tom Brady, Gisele Bündchen, and Larry David took money to promote FTX before the exchange collapsed, and its founder was imprisoned.
Listing News
Cryptocurrency exchanges are constantly diversifying their trading opportunities and conducting many listings. A selection of tokens recently added to cryptocurrency exchanges:
Aurora Token is a cryptocurrency associated with the Aurora blockchain ecosystem that runs on the Near protocol. It facilitates the exchange of assets, including ERC-20 tokens, between Ethereum, NEAR, and Aurora via the Rainbow Bridge. The token is available for trading on exchanges such as KuCoin, WhiteBIT, Gate.io, and others.RSIC-GENESIS-RUNE is a Bitcoin-based project that allows users to mine a new fungible token called runes on the Bitcoin blockchain. RSIC is available on OKX, Gate.io, and BitMart exchanges.RTF Token is the first boxing token of the Ready to Fight project, founded by the famous Ukrainian boxer Oleksandr Usyk and his coach Sergey Lapin. The project has been officially supported by the World Boxing Council (WBC), the Saudi Arabian Boxing Federation, and the founders of the Riyadh Season event. The token is available for trading on Gate.io, WhiteBIT, HTX, and other cryptocurrency exchanges.The Rabbitgame project is dedicated to the formation of a blockchain-based ecosystem, and Rait is a utility token that actively participates in the management of the platform’s network. Cryptocurrency exchanges where the token is available: MEXC, OKX, Binance, and others.
$ETH $AVAX
🔥 AMBCrypto Analytics: $ADA Long Way to Go
Coupled with an uptick in volume, there was growth seen in terms of price movement as well. In the last 24 hours, the price of ADA surged by 4.43% and was trading at $0.4498 at the time of writing.
Despite the recent price surge, the overall situation for Cardano remained glib.
Since the 15th of March, ADA’s price started on its downward trajectory, while showcasing multiple lower lows and lower highs along the way.
This was indicative of a bearish trend which ADA was unable to reverse over the last few months.
To reverse this trend, ADA may have to test the $0.5761 level and surpass it. However, at the time of writing, ADA was nowhere near this level.
Even though ADA had a long way to go, the indicators for ADA painted a positive picture.
The CMF (Chaikin Money Flow) for ADA had surged to 0.6 revealing that the money flowing into ADA had surged.
Additionally, the RSI (Relative Strength Index) for ADA had also grown, indicating a surge in bullish momentum for the token.
Even though these factors can give some optimism to ADA holders, it is important to take into consideration that a massive uptick in price would be needed before a trend reversal occurs.
Coupled with an uptick in volume, there was growth seen in terms of price movement as well. In the last 24 hours, the price of ADA surged by 4.43% and was trading at $0.4498 at the time of writing.
Despite the recent price surge, the overall situation for Cardano remained glib.
Since the 15th of March, ADA’s price started on its downward trajectory, while showcasing multiple lower lows and lower highs along the way.
This was indicative of a bearish trend which ADA was unable to reverse over the last few months.
To reverse this trend, ADA may have to test the $0.5761 level and surpass it. However, at the time of writing, ADA was nowhere near this level.
Even though ADA had a long way to go, the indicators for ADA painted a positive picture.
The CMF (Chaikin Money Flow) for ADA had surged to 0.6 revealing that the money flowing into ADA had surged.
Additionally, the RSI (Relative Strength Index) for ADA had also grown, indicating a surge in bullish momentum for the token.
Even though these factors can give some optimism to ADA holders, it is important to take into consideration that a massive uptick in price would be needed before a trend reversal occurs.
🚀 According to CryptoNews Analytics: $NEO Price Prediction
NEO has been moving higher according to an uptrend since the January lows.
But this uptrend looks like it’s about to break. And that could open the door to a drop all the way back to $10.
Broader crypto market conditions could well remain bearish in wake of Bitcoin’s recent drop under $60,000.
Spot Bitcoin ETF demand has flipped net negative, with the ETF experiencing outflows for the past five days.
Notably, BlackRock saw its first day of outflows on Wednesday. Outflows come as markets price out near-term rate cuts from the Fed.
The Fed emphasized that its too early to be cutting rates on Wednesday. That’s due to recent upside surprises in the inflation data, and amid ongoing strong growth.
Rate cuts aren’t now expected until late Q3/Q4 this year. Post-having tailwinds, a more positive macro picture and potentially post-election bullishness could then come in to lift risk appetite.
But until then, cryptos like NEO could continue to perform poorly.
Can NEO recover to $20? Well, in time and as sentiment improves, that shouldn’t be hard.
Given the current token supply of 70.5 million, NEO’s market cap would only be $1.4 billion at this price.
Irrationality could yet see NEO pump back towards its previous record peaks above $100.
But traders should remember, NEO is a risky bet. Despite being around now for 10 years, it hasn’t shown any real signs of adoption.
Its unlikely to become a big success story any time soon.
NEO has been moving higher according to an uptrend since the January lows.
But this uptrend looks like it’s about to break. And that could open the door to a drop all the way back to $10.
Broader crypto market conditions could well remain bearish in wake of Bitcoin’s recent drop under $60,000.
Spot Bitcoin ETF demand has flipped net negative, with the ETF experiencing outflows for the past five days.
Notably, BlackRock saw its first day of outflows on Wednesday. Outflows come as markets price out near-term rate cuts from the Fed.
The Fed emphasized that its too early to be cutting rates on Wednesday. That’s due to recent upside surprises in the inflation data, and amid ongoing strong growth.
Rate cuts aren’t now expected until late Q3/Q4 this year. Post-having tailwinds, a more positive macro picture and potentially post-election bullishness could then come in to lift risk appetite.
But until then, cryptos like NEO could continue to perform poorly.
Can NEO recover to $20? Well, in time and as sentiment improves, that shouldn’t be hard.
Given the current token supply of 70.5 million, NEO’s market cap would only be $1.4 billion at this price.
Irrationality could yet see NEO pump back towards its previous record peaks above $100.
But traders should remember, NEO is a risky bet. Despite being around now for 10 years, it hasn’t shown any real signs of adoption.
Its unlikely to become a big success story any time soon.
🚀 Tokenized Private-Credit Platform Untangled Opens Its First $USDC Lending Pool on Celo
Untangled Finance, a tokenized real-world asset (RWA) platform backed by Fasanara Capital, launched its first private loan pool on the Celo (CELO) network on Thursday with French fintech lender Karmen.
The pool, structured in accordance with Luxembourg securitization rules with a debt ceiling of $6 million at launch, allows accredited investors to deposit USDC stablecoin and will provide capital to Karmen, which specializes in providing instant loans and working capital to small and medium-sized digital enterprises in France, according to a press release.
The new pool is part of a potentially broader €100 million ($107 million) senior loan deal with Karmen that has not yet been finalized, Untangled reports.
Private lending is at the forefront of the asset tokenization trend in the cryptocurrency industry, which brings conventional assets such as bonds, loans, and funds to the blockchain for increased efficiency and transparency, faster settlement, and wider access.
"By bringing fintech lending on-chain with an innovative credit assessment models, Untangled showcases the potential of tokenized real-world assets to improve access to funding and risk management for entrepreneurs and businesses worldwide," Isha Varshney, head of ecosystem at network development organization Celo Foundation, said in a statement.
Some great news for $USDC supporters. Cryptocurrency exchange WhiteBIT has announced the launch of the Bridged USDC on the Whitechain network. And the best part of this is the free withdrawal of this USDC via the Whitechain network.
Untangled Finance, a tokenized real-world asset (RWA) platform backed by Fasanara Capital, launched its first private loan pool on the Celo (CELO) network on Thursday with French fintech lender Karmen.
The pool, structured in accordance with Luxembourg securitization rules with a debt ceiling of $6 million at launch, allows accredited investors to deposit USDC stablecoin and will provide capital to Karmen, which specializes in providing instant loans and working capital to small and medium-sized digital enterprises in France, according to a press release.
The new pool is part of a potentially broader €100 million ($107 million) senior loan deal with Karmen that has not yet been finalized, Untangled reports.
Private lending is at the forefront of the asset tokenization trend in the cryptocurrency industry, which brings conventional assets such as bonds, loans, and funds to the blockchain for increased efficiency and transparency, faster settlement, and wider access.
"By bringing fintech lending on-chain with an innovative credit assessment models, Untangled showcases the potential of tokenized real-world assets to improve access to funding and risk management for entrepreneurs and businesses worldwide," Isha Varshney, head of ecosystem at network development organization Celo Foundation, said in a statement.
Some great news for $USDC supporters. Cryptocurrency exchange WhiteBIT has announced the launch of the Bridged USDC on the Whitechain network. And the best part of this is the free withdrawal of this USDC via the Whitechain network.
💵 According to AMBCrypto: What to expect from $SHIB ?
To see whether Shiba Inu will manage to exit from the pattern, AMBCrypto analyzed the meme coin’s on-chain metrics.
We found that after a massive spike on the 28th of April, the meme coin’s network-to-value (NVT) ratio dropped sharply.
For starters, a drop in the metric means that an asset is undervalued. Therefore, the chances of SHIB’s price moving up seemed likely.
On top of that, buying pressure on SHIB was also rising, which can be inferred as a bull signal. AMBCrypto’s analysis of Santiment’s data revealed that Shiba Inu’s exchange outflow spiked.
Its Supply on Exchanges also dropped, while its Supply outside of Exchanges increased. This further proved the fact that buying pressure on SHIB was high.
Nonetheless, it was surprising to note that despite the recent price increase, Shiba Inu’s MVRV ratio remained low.
We then took a look at SHIB’s daily chart to find out what technical indicators had to suggest. While the metrics looked bullish, the indicators told a different story.
The meme coin’s MACD displayed a bearish crossover. Its Money Flow Index (MFI) also registered a downtick as it went under the neutral mark.
These indicate that the possibility of Shiba Inu’s bull rally coming to an end can’t be ruled out yet
To see whether Shiba Inu will manage to exit from the pattern, AMBCrypto analyzed the meme coin’s on-chain metrics.
We found that after a massive spike on the 28th of April, the meme coin’s network-to-value (NVT) ratio dropped sharply.
For starters, a drop in the metric means that an asset is undervalued. Therefore, the chances of SHIB’s price moving up seemed likely.
On top of that, buying pressure on SHIB was also rising, which can be inferred as a bull signal. AMBCrypto’s analysis of Santiment’s data revealed that Shiba Inu’s exchange outflow spiked.
Its Supply on Exchanges also dropped, while its Supply outside of Exchanges increased. This further proved the fact that buying pressure on SHIB was high.
Nonetheless, it was surprising to note that despite the recent price increase, Shiba Inu’s MVRV ratio remained low.
We then took a look at SHIB’s daily chart to find out what technical indicators had to suggest. While the metrics looked bullish, the indicators told a different story.
The meme coin’s MACD displayed a bearish crossover. Its Money Flow Index (MFI) also registered a downtick as it went under the neutral mark.
These indicate that the possibility of Shiba Inu’s bull rally coming to an end can’t be ruled out yet
Unlocking the Potential of Crypto Payments: A Closer Look at Payment Methods
Cryptocurrencies have already become an integral part of our lives. Not so long ago, many people considered them nothing more than “coins on the Internet,” but today they are a payment method. About two years ago, Vitalik Buterin, a founder of the Ethereum blockchain, talked about the advantages of crypto payments over fiat ones. The expert emphasized their convenience, noting that crypto payments are a “big boost to international business and charity, and sometimes even payments within countries.” Today, the number of different cryptocurrency payment methods has increased. So what methods are available to us, and what are their main advantages?
Crypto Payments: Pros and Cons
Before considering different crypto payment options, it is necessary to analyze their pros and cons. While crypto payments have several advantages, there are also some potential disadvantages to consider.
Let’s start with the advantages:
Fast and secure: Cryptocurrency transactions are processed quickly, and the blockchain technology used to process them is very secure.Cost-effective: Due to the absence of intermediaries involved in the process, transaction fees for crypto payments are generally lower than for traditional payment methods such as credit cards or bank transfers.Worldwide availability: Crypto payments can be made from anywhere in the world, and there are no restrictions on who can make or receive payments. This makes them a great option for businesses that operate on a global scale.Anonymity: Some cryptocurrencies offer a high degree of anonymity, which can be important for people who value privacy and security.No chargebacks: Chargebacks, which occur when a customer disputes a transaction and the funds are returned to them, are not possible with crypto payments. This means that businesses don’t have to worry about losing money due to chargebacks
So, what are the disadvantages of crypto payments?
Volatility: One of the main features of cryptocurrencies is volatility. It is almost impossible to sell and buy cryptocurrency at the same price.Regulatory uncertainty: The legal and tax implications of cryptocurrency acceptance are still evolving and may differ from country to country.Bybit CardBybit Card is a Mastercard debit card from the Bybit exchange. The card is linked directly to the exchange’s recharge account. To obtain the card, users must go through a step-by-step procedure that includes identity verification, setting a PIN, confirming data, and paying a card issuance fee. The card is available in certain EU and UK locations, with some exceptions.
The card is available in three forms:
Bybit Card Lite: The card has a daily spending limit of 150 euros, which applies to both fiat and cryptocurrency transactions. The Lite version comes without a physical card.Bybit virtual card: Compared to the Lite version, the virtual card and a physical card have higher spending limits.Bybit physical card: This card is suitable for withdrawing cash from ATMs.
Cardholders are offered the following features:
The card can be used to pay for purchases both in your country and in any other country where Mastercard is acceptedIt supports various fiat currencies such as EUR and GBP, and cryptocurrencies such as BTC, ETH, XRP, USDT, and USDCUsers can receive cashback for points that can be spent in the Bybit loyalty rewards store for exclusive offers and also offer a loyalty rewards program that includes awards from partners, unique offers, and more.Customers can set spending limits and receive benefits such as free ATM withdrawals up to a certain limit.
One of the biggest cons of the card is its extremely high fees. Users have to pay 0.9 conversion fees to exchange cryptocurrency for spending. As well as an additional one-click purchase fee of about 1% of the amount of card usage. In addition, an extra 0.5% is charged for transactions made outside the native fiat currency.
Whitepay
Whitepay is a cryptocurrency payment solutions provider that allows you to accept payments both online and offline. Whitepay provides a platform and POS terminals for payment in more than 140 different cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Tether. A big plus is that they do not charge any additional fees beyond the standard cryptocurrency network fees.
Whitepay offers the following features:
DashboardDetailed transaction historyDeposit and withdrawal of fundsCustomizable commission optionsFinancial reportingCustomizable receipt options
Whitepay has several advantages:
Convenience: Thanks to its user-friendly interface and mobile apps, it allows companies to easily accept cryptocurrency payments both online and offline.Prevention of volatility: The account rate for the selected currency is fixed, so you do not have to worry about its fluctuations.Security: Security measures such as multi-factor authentication, withdrawal protection, and safe development practices are implemented.Reduced fees: Businesses using Whitepay benefit from reduced transaction fees, which helps them save money on fees and attract new customers.Financial flexibility: Allows you to make payments in your preferred currency, whether it’s fiat or cryptocurrency, providing flexibility in financial transactions.
Some feedback from users:
“Pleasing design, easy-to-use, huge choice of cryptocurrencies for payment Nice user experience!”“Using this service for a few months already. What can I say, it does the job pretty fast and smooth. A few new customers were surprised that I have this service on, and now I have a few more active clients.”“Very fast and comfortable service, well done!”“Fees are lower than in banks, and the speed of transactions is way faster.”
Cryptopay
Cryptopay is a digital payment platform that allows users to securely accept credit card and mobile payments.
Some of the features of Cryptopay:
Cryptopay allows users to buy and sell more than 35 different cryptocurrencies, including majors like Bitcoin (BTC) and Ethereum (ETH), as well as 3 fiat currencies (EUR, GBP, USD)It is a secure cryptocurrency wallet for storing users’ digital assets. The platform stores users’ funds in cold rooms to ensure maximum securityCryptopay offers both virtual and physical debit cards linked to users’ cryptocurrency balances, allowing them to spend cryptocurrency at any merchant that accepts VISA payments.The Cryptopay mobile app is designed to be intuitive and user-friendly, with features such as biometric security and on-the-go portfolio management.
To receive the card, you need to do the following: Register a Cryptopay account and go through the KYC verification procedure. Purchase the required number of CRO tokens (Cryptopay’s cryptocurrency) to stake on the desired card level. Card levels have different CRO staking requirements.
To participate in the card staking program, the cardholder must accept the CRO Staking Terms and Conditions in the Cryptopay app. After the CRO tokens are staked, you can order a virtual or physical debit card, which will be linked to your Cryptopay account and cryptocurrency balance. The virtual card becomes available instantly, while the physical card may take a few days to arrive, but you can start using the virtual card immediately.
Read Also: JPMorgan CEO Criticises Bitcoin Amidst Bank’s Warning on Crypto Downside Risks
User reviews:
“It is a serious company and I am more than happy with it. They have fast support whether it is communication via live chat or email.”“Cryptopay app has a nice user-friendly interface, so using their services is easy and convenient. Moreover, they have an amazing support team.”“I was always satisfied with them, the registration and verification process is very simple and fast. Their service works with normal fees on exchange crypto or load card etc.”“I’ve been using Cryptopay’s services for over 10 years, and I am very thankful. I never lost my money, the service is always online and accessible 24/7, and the best support team you can ask for.”
Gate Card
Gate Card is a Visa debit card that allows users to spend their digital assets at more than 70 million merchants worldwide.
Some of the main benefits of the Gate Card include:
Cashback of 1% in USDT for every purchase transaction.Support for depositing hundreds of different cryptocurrencies, which gives users the flexibility to manage their digital assets.Compatibility with Google Pay/Wallet for smooth and secure transactionsAvailability in 29 countries of the European Economic Area (EEA)Exclusive VIP upgrades and double cashback for the first 90 days for new cardholdersThere are no annual or transaction fees for transactions within the European Economic Area (EEA), but fees may apply outside the EEA
To start using a cryptocurrency card, users must register on an exchange, verify their identity, link their cryptocurrency wallet to a card account, and activate the card.
Coinbase Card
The Coinbase Card is a Visa debit card that allows users to spend their cryptocurrency assets anywhere Visa cards are accepted.
Main features of the Coinbase card:
The card has no annual fee and allows users to earn cryptocurrency rewards for every purchase.Coinbase automatically converts the user’s cryptocurrency into US dollars when making a purchase, so the card can be used as a regular debit card.Cardholders can choose which cryptocurrency they want to pay for their purchases and can switch between different cryptocurrencies using the Coinbase app.The card comes with security features such as two-factor authentication, card freeze, and PIN change.There are no fees for spending in US dollars (USD) or US coins (USDC), but spending in other cryptocurrencies is considered a taxable transaction.The card is currently available to all Coinbase customers in the US (excluding Hawaii)
How to get a Coinbase card: Sign in to your Coinbase account or log in to the Coinbase mobile app. Select the Card section in the navigation bar. You will be asked to verify your address, agree to legal disclosures, and select a cryptocurrency to receive the reward. Once your application is approved, you can start using the virtual card immediately or order a physical card that will be delivered in 2–3 weeks.
Users on the Reddit platform wrote a few reviews after using the card:
“I’ve been using it recently and it’s been a good experience.”“I use the Coinbase card every month to pay rent. I’d use it for more things, but for whatever reason the coinbase app is so laggy on my phone that it’s unusable.”“The rewards from using it to pay my rent alone make it worth it.”
Summary
Crypto payments are becoming increasingly common due to their numerous advantages. They provide fast and secure transactions, are available in many parts of the world, have a high level of confidentiality, etc. However, before you choose a crypto payment method that suits you, you need to weigh the pros and cons and analyze user reviews.
$BTC $ETH $XRP
Crypto Payments: Pros and Cons
Before considering different crypto payment options, it is necessary to analyze their pros and cons. While crypto payments have several advantages, there are also some potential disadvantages to consider.
Let’s start with the advantages:
Fast and secure: Cryptocurrency transactions are processed quickly, and the blockchain technology used to process them is very secure.Cost-effective: Due to the absence of intermediaries involved in the process, transaction fees for crypto payments are generally lower than for traditional payment methods such as credit cards or bank transfers.Worldwide availability: Crypto payments can be made from anywhere in the world, and there are no restrictions on who can make or receive payments. This makes them a great option for businesses that operate on a global scale.Anonymity: Some cryptocurrencies offer a high degree of anonymity, which can be important for people who value privacy and security.No chargebacks: Chargebacks, which occur when a customer disputes a transaction and the funds are returned to them, are not possible with crypto payments. This means that businesses don’t have to worry about losing money due to chargebacks
So, what are the disadvantages of crypto payments?
Volatility: One of the main features of cryptocurrencies is volatility. It is almost impossible to sell and buy cryptocurrency at the same price.Regulatory uncertainty: The legal and tax implications of cryptocurrency acceptance are still evolving and may differ from country to country.Bybit CardBybit Card is a Mastercard debit card from the Bybit exchange. The card is linked directly to the exchange’s recharge account. To obtain the card, users must go through a step-by-step procedure that includes identity verification, setting a PIN, confirming data, and paying a card issuance fee. The card is available in certain EU and UK locations, with some exceptions.
The card is available in three forms:
Bybit Card Lite: The card has a daily spending limit of 150 euros, which applies to both fiat and cryptocurrency transactions. The Lite version comes without a physical card.Bybit virtual card: Compared to the Lite version, the virtual card and a physical card have higher spending limits.Bybit physical card: This card is suitable for withdrawing cash from ATMs.
Cardholders are offered the following features:
The card can be used to pay for purchases both in your country and in any other country where Mastercard is acceptedIt supports various fiat currencies such as EUR and GBP, and cryptocurrencies such as BTC, ETH, XRP, USDT, and USDCUsers can receive cashback for points that can be spent in the Bybit loyalty rewards store for exclusive offers and also offer a loyalty rewards program that includes awards from partners, unique offers, and more.Customers can set spending limits and receive benefits such as free ATM withdrawals up to a certain limit.
One of the biggest cons of the card is its extremely high fees. Users have to pay 0.9 conversion fees to exchange cryptocurrency for spending. As well as an additional one-click purchase fee of about 1% of the amount of card usage. In addition, an extra 0.5% is charged for transactions made outside the native fiat currency.
Whitepay
Whitepay is a cryptocurrency payment solutions provider that allows you to accept payments both online and offline. Whitepay provides a platform and POS terminals for payment in more than 140 different cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Tether. A big plus is that they do not charge any additional fees beyond the standard cryptocurrency network fees.
Whitepay offers the following features:
DashboardDetailed transaction historyDeposit and withdrawal of fundsCustomizable commission optionsFinancial reportingCustomizable receipt options
Whitepay has several advantages:
Convenience: Thanks to its user-friendly interface and mobile apps, it allows companies to easily accept cryptocurrency payments both online and offline.Prevention of volatility: The account rate for the selected currency is fixed, so you do not have to worry about its fluctuations.Security: Security measures such as multi-factor authentication, withdrawal protection, and safe development practices are implemented.Reduced fees: Businesses using Whitepay benefit from reduced transaction fees, which helps them save money on fees and attract new customers.Financial flexibility: Allows you to make payments in your preferred currency, whether it’s fiat or cryptocurrency, providing flexibility in financial transactions.
Some feedback from users:
“Pleasing design, easy-to-use, huge choice of cryptocurrencies for payment Nice user experience!”“Using this service for a few months already. What can I say, it does the job pretty fast and smooth. A few new customers were surprised that I have this service on, and now I have a few more active clients.”“Very fast and comfortable service, well done!”“Fees are lower than in banks, and the speed of transactions is way faster.”
Cryptopay
Cryptopay is a digital payment platform that allows users to securely accept credit card and mobile payments.
Some of the features of Cryptopay:
Cryptopay allows users to buy and sell more than 35 different cryptocurrencies, including majors like Bitcoin (BTC) and Ethereum (ETH), as well as 3 fiat currencies (EUR, GBP, USD)It is a secure cryptocurrency wallet for storing users’ digital assets. The platform stores users’ funds in cold rooms to ensure maximum securityCryptopay offers both virtual and physical debit cards linked to users’ cryptocurrency balances, allowing them to spend cryptocurrency at any merchant that accepts VISA payments.The Cryptopay mobile app is designed to be intuitive and user-friendly, with features such as biometric security and on-the-go portfolio management.
To receive the card, you need to do the following: Register a Cryptopay account and go through the KYC verification procedure. Purchase the required number of CRO tokens (Cryptopay’s cryptocurrency) to stake on the desired card level. Card levels have different CRO staking requirements.
To participate in the card staking program, the cardholder must accept the CRO Staking Terms and Conditions in the Cryptopay app. After the CRO tokens are staked, you can order a virtual or physical debit card, which will be linked to your Cryptopay account and cryptocurrency balance. The virtual card becomes available instantly, while the physical card may take a few days to arrive, but you can start using the virtual card immediately.
Read Also: JPMorgan CEO Criticises Bitcoin Amidst Bank’s Warning on Crypto Downside Risks
User reviews:
“It is a serious company and I am more than happy with it. They have fast support whether it is communication via live chat or email.”“Cryptopay app has a nice user-friendly interface, so using their services is easy and convenient. Moreover, they have an amazing support team.”“I was always satisfied with them, the registration and verification process is very simple and fast. Their service works with normal fees on exchange crypto or load card etc.”“I’ve been using Cryptopay’s services for over 10 years, and I am very thankful. I never lost my money, the service is always online and accessible 24/7, and the best support team you can ask for.”
Gate Card
Gate Card is a Visa debit card that allows users to spend their digital assets at more than 70 million merchants worldwide.
Some of the main benefits of the Gate Card include:
Cashback of 1% in USDT for every purchase transaction.Support for depositing hundreds of different cryptocurrencies, which gives users the flexibility to manage their digital assets.Compatibility with Google Pay/Wallet for smooth and secure transactionsAvailability in 29 countries of the European Economic Area (EEA)Exclusive VIP upgrades and double cashback for the first 90 days for new cardholdersThere are no annual or transaction fees for transactions within the European Economic Area (EEA), but fees may apply outside the EEA
To start using a cryptocurrency card, users must register on an exchange, verify their identity, link their cryptocurrency wallet to a card account, and activate the card.
Coinbase Card
The Coinbase Card is a Visa debit card that allows users to spend their cryptocurrency assets anywhere Visa cards are accepted.
Main features of the Coinbase card:
The card has no annual fee and allows users to earn cryptocurrency rewards for every purchase.Coinbase automatically converts the user’s cryptocurrency into US dollars when making a purchase, so the card can be used as a regular debit card.Cardholders can choose which cryptocurrency they want to pay for their purchases and can switch between different cryptocurrencies using the Coinbase app.The card comes with security features such as two-factor authentication, card freeze, and PIN change.There are no fees for spending in US dollars (USD) or US coins (USDC), but spending in other cryptocurrencies is considered a taxable transaction.The card is currently available to all Coinbase customers in the US (excluding Hawaii)
How to get a Coinbase card: Sign in to your Coinbase account or log in to the Coinbase mobile app. Select the Card section in the navigation bar. You will be asked to verify your address, agree to legal disclosures, and select a cryptocurrency to receive the reward. Once your application is approved, you can start using the virtual card immediately or order a physical card that will be delivered in 2–3 weeks.
Users on the Reddit platform wrote a few reviews after using the card:
“I’ve been using it recently and it’s been a good experience.”“I use the Coinbase card every month to pay rent. I’d use it for more things, but for whatever reason the coinbase app is so laggy on my phone that it’s unusable.”“The rewards from using it to pay my rent alone make it worth it.”
Summary
Crypto payments are becoming increasingly common due to their numerous advantages. They provide fast and secure transactions, are available in many parts of the world, have a high level of confidentiality, etc. However, before you choose a crypto payment method that suits you, you need to weigh the pros and cons and analyze user reviews.
$BTC $ETH $XRP
Navigating Crypto Markets: The Influence of Macroeconomic Factors
Crypto markets have undergone significant changes in recent years, and the Bitcoin halving is sparking a new wave of speculation and analysis. After studying the trends of previous halving, Coinbase analyst David Han concluded that the current cycle will also depend on macroeconomic factors. He describes this in detail in his report.
Managing Crypto Markets by Macroeconomic Factors
David Han notes that the direction of development of digital asset markets will depend on macroeconomic factors, even if the fundamentals of cryptocurrencies remain stable in general. These factors are largely exogenous and include rising geopolitical tensions, higher long-term rates, reflation, and rising government debt. And the recent rise in the correlation of altcoins to Bitcoin only emphasizes this, pointing to the latter’s leading role in the cryptocurrency space.
While previous halvings have historically kickstarted a bull market, “these cyclical runups have often been accompanied by other ecosystem catalysts that provide additional tailwinds,” the report said.
He claims that although cryptocurrencies were primarily seen as a risk to the asset class, Bitcoin’s resilience and the approval of spot ETFs have created a bifurcated pool among investors: some see Bitcoin as a purely speculative asset, while others see it as “digital gold” and hedge against geopolitical risks. The growth of the second group partially explains the decrease in the size of the pullbacks observed in this cycle.
The Macro Environment is Important for Crypto
Even though endogenous catalysts for cryptocurrencies are expected to emerge, David Han believes that the macroeconomic landscape will play a more important role in the near term. Analyzing previous halvings, he notes the role of macroeconomic factors.
However, the main effects of the Bitcoin halving in 2012 were exacerbated by the impact of the Federal Reserve’s quantitative easing program and the US debt crisis. And in 2016, Brexit and the controversial US election could have caused financial problems in the UK and Europe. Instead, the COVID-19 pandemic in early 2020 led to an unprecedented level of stimulus, which dramatically increased liquidity.
He is convinced that this cycle is no different from previous ones and the macro environment is just as important for cryptocurrencies, including Bitcoin. He emphasizes that the growing importance of geopolitics around the world, amid the broader pace of deglobalization and reshoring, is likely to be the defining macro characteristic of this cycle.
In summarizing, David Han writes that the macro environment and related verticals of cryptocurrency breakouts have historically played an important role in catalyzing cyclical bull markets. While this process usually takes several months, it varies from cycle to cycle. According to him, the changing market structure with the influx of ETFs and the decline in venture capital funding will contribute to the uniqueness of this cycle.
He also points out that the previous cycle increased Bitcoin’s sensitivity to global liquidity due to the stimulus caused by the COVID-19 pandemic. However, global liquidity is no longer growing at such a high rate but rather has taken a backseat to more significant volatility in both domestic and foreign markets. With this in mind, Han says the next cycle will be a test for Bitcoin to maintain value, provided that catalysts are more widely distributed in different directions.
Cryptocurrency — Freedom and Decentralization
While the cryptocurrency community is discussing the approval of the Ethereum ETF, blockchain co-founder Vitalik Buterin reminds us of the main purpose of cryptocurrency. He believes that freedom and privacy should be seen as the foundation of any digital asset.
In a recent post on X, the expert reacted to a publication by the non-profit platform Rest of World. The latter reported on the use of facial recognition technology by governments around the world in the fight against dissidents. If you also thought of George Orwell’s “1984” by George Orwell, congratulations, you are being watched by Big Brother.
According to data from Steven Feldstein, a researcher at the Carnegie Endowment for International Peace, government agencies in 78 countries are now using public facial recognition systems. In this regard, Buterin noted that in the real world, there is a decrease in privacy.
“Better privacy online is one of the few tools we have to restore a little bit of balance. Privacy is normal. Support privacy.” he writes.
However, the cryptocurrency space, including Ethereum, faces its paradoxes. Despite its decentralized ideals, a significant portion of blockchain transactions face censorship, especially in terms of compliance with the Office of Foreign Assets Control (OFAC). This controversy has sparked several conversations about privacy on Ethereum.
The discussion has centered on whether Ethereum, as the underlying layer of blockchain technology, should ensure transaction privacy. Vitalik Buterin made it clear that the introduction of transaction privacy by default could affect the scalability and efficiency of the network. The network’s development team is working on scalability fixes and the use of ZK proofs to eventually address some of these major issues.
Charles Hoskinson, the founder of Cardano, shares similar views with Vitalik Buterin. In his X, he writes: “Remember, Crypto doesn’t want to set the world on fire, it just wants to start a flame in your heart”
While his post serves as a reminder of the true purpose of cryptocurrency, he also touched on what he sees as a disturbing trend in the industry. During a live broadcast on X, Hoskinson said that some participants in the crypto space are actively creating fake activities and promoting certain projects, pretending that these activities reflect the real situation in the industry.
“The problem with our industry is that we let short-term narratives and carnival barkers dominate the conversation,” Hoskinson said.
He also assured the Cardano community that he is committed to creating a transparent and open social space where people can learn about the network based on their interests and curiosity.
Volodymyr Nosov, CEO of WhiteBIT, also reminded us of the benefits of cryptocurrencies. In a recent interview, Nosov pointed out the potential advantages of cryptocurrencies compared to gold. He emphasized that most people have more trust in the latter because “someone said that gold has a limited issue.” However, is this true, and how can the real amount of gold be calculated? “Tomorrow, an excavation will be carried out somewhere in India and something like Germany’s gold reserves will be found. What will happen to the gold price?”
He also emphasized the benefits of the fastness of cryptocurrency transactions: “How long does it take you to make a call to your friend in the United States? 3 seconds. How long does it take to send Bitcoin? 3 seconds. How long does it take to send gold? This is the challenge of the times, the challenge of the present.”
Summary
A report by Coinbase analyst David Hahn emphasizes the importance of macroeconomic factors for the current Bitcoin halving cycle. Macroeconomic factors, such as incentives and global liquidity, play a crucial role in shaping the crypto market, and they are more important than ever.
In addition, the issue of privacy and freedom in the digital space remains relevant. Given all these challenges and prospects, cryptocurrencies continue to retain their value as an asset, but their future will largely depend on how they adapt to global macroeconomic and social changes.
$BTC
$ETH
Managing Crypto Markets by Macroeconomic Factors
David Han notes that the direction of development of digital asset markets will depend on macroeconomic factors, even if the fundamentals of cryptocurrencies remain stable in general. These factors are largely exogenous and include rising geopolitical tensions, higher long-term rates, reflation, and rising government debt. And the recent rise in the correlation of altcoins to Bitcoin only emphasizes this, pointing to the latter’s leading role in the cryptocurrency space.
While previous halvings have historically kickstarted a bull market, “these cyclical runups have often been accompanied by other ecosystem catalysts that provide additional tailwinds,” the report said.
He claims that although cryptocurrencies were primarily seen as a risk to the asset class, Bitcoin’s resilience and the approval of spot ETFs have created a bifurcated pool among investors: some see Bitcoin as a purely speculative asset, while others see it as “digital gold” and hedge against geopolitical risks. The growth of the second group partially explains the decrease in the size of the pullbacks observed in this cycle.
The Macro Environment is Important for Crypto
Even though endogenous catalysts for cryptocurrencies are expected to emerge, David Han believes that the macroeconomic landscape will play a more important role in the near term. Analyzing previous halvings, he notes the role of macroeconomic factors.
However, the main effects of the Bitcoin halving in 2012 were exacerbated by the impact of the Federal Reserve’s quantitative easing program and the US debt crisis. And in 2016, Brexit and the controversial US election could have caused financial problems in the UK and Europe. Instead, the COVID-19 pandemic in early 2020 led to an unprecedented level of stimulus, which dramatically increased liquidity.
He is convinced that this cycle is no different from previous ones and the macro environment is just as important for cryptocurrencies, including Bitcoin. He emphasizes that the growing importance of geopolitics around the world, amid the broader pace of deglobalization and reshoring, is likely to be the defining macro characteristic of this cycle.
In summarizing, David Han writes that the macro environment and related verticals of cryptocurrency breakouts have historically played an important role in catalyzing cyclical bull markets. While this process usually takes several months, it varies from cycle to cycle. According to him, the changing market structure with the influx of ETFs and the decline in venture capital funding will contribute to the uniqueness of this cycle.
He also points out that the previous cycle increased Bitcoin’s sensitivity to global liquidity due to the stimulus caused by the COVID-19 pandemic. However, global liquidity is no longer growing at such a high rate but rather has taken a backseat to more significant volatility in both domestic and foreign markets. With this in mind, Han says the next cycle will be a test for Bitcoin to maintain value, provided that catalysts are more widely distributed in different directions.
Cryptocurrency — Freedom and Decentralization
While the cryptocurrency community is discussing the approval of the Ethereum ETF, blockchain co-founder Vitalik Buterin reminds us of the main purpose of cryptocurrency. He believes that freedom and privacy should be seen as the foundation of any digital asset.
In a recent post on X, the expert reacted to a publication by the non-profit platform Rest of World. The latter reported on the use of facial recognition technology by governments around the world in the fight against dissidents. If you also thought of George Orwell’s “1984” by George Orwell, congratulations, you are being watched by Big Brother.
According to data from Steven Feldstein, a researcher at the Carnegie Endowment for International Peace, government agencies in 78 countries are now using public facial recognition systems. In this regard, Buterin noted that in the real world, there is a decrease in privacy.
“Better privacy online is one of the few tools we have to restore a little bit of balance. Privacy is normal. Support privacy.” he writes.
However, the cryptocurrency space, including Ethereum, faces its paradoxes. Despite its decentralized ideals, a significant portion of blockchain transactions face censorship, especially in terms of compliance with the Office of Foreign Assets Control (OFAC). This controversy has sparked several conversations about privacy on Ethereum.
The discussion has centered on whether Ethereum, as the underlying layer of blockchain technology, should ensure transaction privacy. Vitalik Buterin made it clear that the introduction of transaction privacy by default could affect the scalability and efficiency of the network. The network’s development team is working on scalability fixes and the use of ZK proofs to eventually address some of these major issues.
Charles Hoskinson, the founder of Cardano, shares similar views with Vitalik Buterin. In his X, he writes: “Remember, Crypto doesn’t want to set the world on fire, it just wants to start a flame in your heart”
While his post serves as a reminder of the true purpose of cryptocurrency, he also touched on what he sees as a disturbing trend in the industry. During a live broadcast on X, Hoskinson said that some participants in the crypto space are actively creating fake activities and promoting certain projects, pretending that these activities reflect the real situation in the industry.
“The problem with our industry is that we let short-term narratives and carnival barkers dominate the conversation,” Hoskinson said.
He also assured the Cardano community that he is committed to creating a transparent and open social space where people can learn about the network based on their interests and curiosity.
Volodymyr Nosov, CEO of WhiteBIT, also reminded us of the benefits of cryptocurrencies. In a recent interview, Nosov pointed out the potential advantages of cryptocurrencies compared to gold. He emphasized that most people have more trust in the latter because “someone said that gold has a limited issue.” However, is this true, and how can the real amount of gold be calculated? “Tomorrow, an excavation will be carried out somewhere in India and something like Germany’s gold reserves will be found. What will happen to the gold price?”
He also emphasized the benefits of the fastness of cryptocurrency transactions: “How long does it take you to make a call to your friend in the United States? 3 seconds. How long does it take to send Bitcoin? 3 seconds. How long does it take to send gold? This is the challenge of the times, the challenge of the present.”
Summary
A report by Coinbase analyst David Hahn emphasizes the importance of macroeconomic factors for the current Bitcoin halving cycle. Macroeconomic factors, such as incentives and global liquidity, play a crucial role in shaping the crypto market, and they are more important than ever.
In addition, the issue of privacy and freedom in the digital space remains relevant. Given all these challenges and prospects, cryptocurrencies continue to retain their value as an asset, but their future will largely depend on how they adapt to global macroeconomic and social changes.
$BTC
$ETH
👀 According to BeinCrypto: $BTC Price Prediction
Bitcoin’s price at the time of writing is trading at $62,000, persisting above the $61,846 support floor. The recent rally followed by consolidation has resulted in the formation of a flag pattern.
The flag pattern is a technical analysis continuation pattern formed by a sharp price movement followed by a consolidation phase resembling a flag on a pole. It typically indicates a brief pause in a trend before the price resumes its previous direction.
In the case of Bitcoin, it will likely be an uptrend, and based on the target obtained by the pattern, BTC is expected to rally by more than 42%. If this rise is successful, the crypto asset could end up touching the highs of $95,000.
While a rally as massive as such is unlikely in the immediate future, the most probable increase could bring BTC to hit $80,000, marking a new all-time high.
Bitcoin’s price at the time of writing is trading at $62,000, persisting above the $61,846 support floor. The recent rally followed by consolidation has resulted in the formation of a flag pattern.
The flag pattern is a technical analysis continuation pattern formed by a sharp price movement followed by a consolidation phase resembling a flag on a pole. It typically indicates a brief pause in a trend before the price resumes its previous direction.
In the case of Bitcoin, it will likely be an uptrend, and based on the target obtained by the pattern, BTC is expected to rally by more than 42%. If this rise is successful, the crypto asset could end up touching the highs of $95,000.
While a rally as massive as such is unlikely in the immediate future, the most probable increase could bring BTC to hit $80,000, marking a new all-time high.
🔥 According to AMBCrypto: $XRP Proce Analysis
The initial spike in XRP’s price post-announcement reflects the market’s optimistic reception of Ripple’s strategic moves. However, the broader price action context reveals more complexity.
Over recent weeks, XRP has experienced volatility, notably breaking down from a symmetrical triangle pattern on the weekly chart that began forming in September 2021. This pattern typically indicates a period of consolidation, with the eventual breakout direction suggesting the prevailing market force.
Currently, the breakdown suggests that sellers have gained the upper hand, with the triangle now acting as a resistance zone. XRP faces multiple hurdles ahead as it is currently trading below several critical exponential moving averages (EMAs) – 20, 50, 100, and 200-week EMAs, all nested within the former triangle pattern. This setup presents significant resistance levels that need to be overcome for bullish momentum to resume.
The Relative Strength Index (RSI), currently at 49, hovers near the neutral 50 mark, indicating that neither bulls nor bears have definitive control. This neutral position underlines the market’s current uncertainty, waiting for a catalyst that could drive the next significant price movement.
Should the bulls regain control and push the price above the triangle’s resistance, the 0.236 Fibonacci retracement level at $0.68410 could initiate a shift in sentiment and potentially more robust gains for XRP.
The initial spike in XRP’s price post-announcement reflects the market’s optimistic reception of Ripple’s strategic moves. However, the broader price action context reveals more complexity.
Over recent weeks, XRP has experienced volatility, notably breaking down from a symmetrical triangle pattern on the weekly chart that began forming in September 2021. This pattern typically indicates a period of consolidation, with the eventual breakout direction suggesting the prevailing market force.
Currently, the breakdown suggests that sellers have gained the upper hand, with the triangle now acting as a resistance zone. XRP faces multiple hurdles ahead as it is currently trading below several critical exponential moving averages (EMAs) – 20, 50, 100, and 200-week EMAs, all nested within the former triangle pattern. This setup presents significant resistance levels that need to be overcome for bullish momentum to resume.
The Relative Strength Index (RSI), currently at 49, hovers near the neutral 50 mark, indicating that neither bulls nor bears have definitive control. This neutral position underlines the market’s current uncertainty, waiting for a catalyst that could drive the next significant price movement.
Should the bulls regain control and push the price above the triangle’s resistance, the 0.236 Fibonacci retracement level at $0.68410 could initiate a shift in sentiment and potentially more robust gains for XRP.
💥 According to U.Today: $SOL Is In Trouble
Recent price action for Solana raises some questions as it dipped below the $139 level, raising concerns among investors. However, the picture may not be as gloomy as it seems. The fall beneath this price point does not inherently spell out a prolonged bearish phase; in fact, it may be setting up for a resurgence. The decline brought SOL to a risky point, but market indicators suggest a recovery is within reach.
Historically, the $130 level has been a rallying point for Solana, characterized by a concentration of buying interest. It is at this juncture that the asset previously mustered enough strength to bounce back.
At the press time, SOL is trading at:
- $135,39 on KuCoin exchange
- $135,43 on WhiteBIT exchange
-$135.40 on MEXC exchange
The declining trading volume accompanying the recent drop-off further supports the possibility of a turnaround. With fewer assets changing hands, the downward pressure begins to ease, creating terms for price stabilization and potential growth. Peering into the chart, there's a tangible optimism for SOL's future. If the $130 support holds strong, the stage is set for a climb.
The first resistance level to watch would be around $151.72, where SOL faced rejection during its last attempt to rise. Should the bulls punch through this ceiling, the next target lies at $167.75, a mark that has acted as both support and resistance in the past. Investors are now closely watching to see if Solana can reclaim its lost ground. With the current sentiment and technical indicators, the digital asset appears to be in a position to defy the immediate downtrend and march towards recovery.
Recent price action for Solana raises some questions as it dipped below the $139 level, raising concerns among investors. However, the picture may not be as gloomy as it seems. The fall beneath this price point does not inherently spell out a prolonged bearish phase; in fact, it may be setting up for a resurgence. The decline brought SOL to a risky point, but market indicators suggest a recovery is within reach.
Historically, the $130 level has been a rallying point for Solana, characterized by a concentration of buying interest. It is at this juncture that the asset previously mustered enough strength to bounce back.
At the press time, SOL is trading at:
- $135,39 on KuCoin exchange
- $135,43 on WhiteBIT exchange
-$135.40 on MEXC exchange
The declining trading volume accompanying the recent drop-off further supports the possibility of a turnaround. With fewer assets changing hands, the downward pressure begins to ease, creating terms for price stabilization and potential growth. Peering into the chart, there's a tangible optimism for SOL's future. If the $130 support holds strong, the stage is set for a climb.
The first resistance level to watch would be around $151.72, where SOL faced rejection during its last attempt to rise. Should the bulls punch through this ceiling, the next target lies at $167.75, a mark that has acted as both support and resistance in the past. Investors are now closely watching to see if Solana can reclaim its lost ground. With the current sentiment and technical indicators, the digital asset appears to be in a position to defy the immediate downtrend and march towards recovery.
🚀 According to AMBCrypto: $BONK Bullish Run Begins
BONK faced rejection at the $0.0000293 level on the 24th and 25th of April. It was a key Fibonacci level, one that had previously served as resistance in late March.
Moreover, the retracement in mid-April took the meme coin nearly to the February lows.
The higher timeframe market structure would only flip bearishly should prices drop below the swing low at $0.0000176.
However, the range formation (purple) could see prices consolidate within it, unable to resume the uptrend.
The RSI was at 56 and the CMF was at +0.1. Together, they highlighted bullish momentum and strong capital inflows. However, it might not be enough to halt the meme coin from a near-term decline.
The technical range outlined on the price chart showed the lows were at $0.000014. The liquidation heatmap showed that the $0.000021 and the $0.0000315 levels had a large concentration of liquidation levels.
Therefore, in the next week or two, it was more likely that BONK would oscillate between these levels than move toward the $0.000014 range low.
Hence, swing traders could use this information to form their trading biases.
BONK faced rejection at the $0.0000293 level on the 24th and 25th of April. It was a key Fibonacci level, one that had previously served as resistance in late March.
Moreover, the retracement in mid-April took the meme coin nearly to the February lows.
The higher timeframe market structure would only flip bearishly should prices drop below the swing low at $0.0000176.
However, the range formation (purple) could see prices consolidate within it, unable to resume the uptrend.
The RSI was at 56 and the CMF was at +0.1. Together, they highlighted bullish momentum and strong capital inflows. However, it might not be enough to halt the meme coin from a near-term decline.
The technical range outlined on the price chart showed the lows were at $0.000014. The liquidation heatmap showed that the $0.000021 and the $0.0000315 levels had a large concentration of liquidation levels.
Therefore, in the next week or two, it was more likely that BONK would oscillate between these levels than move toward the $0.000014 range low.
Hence, swing traders could use this information to form their trading biases.
💵 According to U.Today: $DOGE Analysis
Dogecoin may be flashing a growth signal that could be easy to miss. Despite a general downtrend in the market, Dogecoin's trading volume is showing a descending pattern, which may imply a potential reversal of its price trajectory. Historically, when trading volume decreases during a price decline, it can indicate that the selling pressure is tapering off.
For Dogecoin, this could mean that the market is running out of sellers, setting the stage for a possible price rebound. Adding to this potential turnaround is Dogecoin’s interaction with the 100-day EMA. Dogecoin has demonstrated resilience at this level in the past, bouncing back multiple times, which suggests that the $0.14 price point could be a springboard for future gains.
The presence of descending volume in a bearish rally is often perceived positively by traders. It suggests that the downward momentum is losing steam and that a trend reversal could be on the horizon. If Dogecoin manages to capitalize on this hidden signal, we might see it initiating a recovery phase.
From a technical perspective, Dogecoin is currently sitting just below a key resistance level. If the coin can gain the strength to break above this point, it might target the next resistance at around $0.17016. A push past this threshold, will likely shift the focus to the higher resistance near $0.18016, which could reinforce a bullish trend.
Dogecoin may be flashing a growth signal that could be easy to miss. Despite a general downtrend in the market, Dogecoin's trading volume is showing a descending pattern, which may imply a potential reversal of its price trajectory. Historically, when trading volume decreases during a price decline, it can indicate that the selling pressure is tapering off.
For Dogecoin, this could mean that the market is running out of sellers, setting the stage for a possible price rebound. Adding to this potential turnaround is Dogecoin’s interaction with the 100-day EMA. Dogecoin has demonstrated resilience at this level in the past, bouncing back multiple times, which suggests that the $0.14 price point could be a springboard for future gains.
The presence of descending volume in a bearish rally is often perceived positively by traders. It suggests that the downward momentum is losing steam and that a trend reversal could be on the horizon. If Dogecoin manages to capitalize on this hidden signal, we might see it initiating a recovery phase.
From a technical perspective, Dogecoin is currently sitting just below a key resistance level. If the coin can gain the strength to break above this point, it might target the next resistance at around $0.17016. A push past this threshold, will likely shift the focus to the higher resistance near $0.18016, which could reinforce a bullish trend.
Crypto Banking Trends: What’s Driving the Industry in 2024
Crypto banking is a part of the industry that is still developing, but 2024 is full of many important events that can significantly affect it. Starting from regulatory and legal frameworks and ending with the global adoption of cryptocurrencies.
More and more companies are using crypto banking solutions to provide customers with new services, keep abreast of new trends, and develop their businesses. Coincub, a technical and analytical platform, has analyzed the global crypto banking market and prepared a report. It contains many theses, but we will focus on the most important ones.
Global Crypto Banking Market
More and more investors are considering Bitcoin as a potential solution to some of the major problems in the financial ecosystem. Coincub analysts note that increased regulatory clarity and increased interest among customers are the main reasons why banks and financial institutions are taking cryptocurrencies seriously.
They emphasize that the United States and the United Kingdom are the most attractive regions for companies working with digital assets. In particular, there are 25 crypto banking companies in the US and 17 in the UK. Coincub claims that this situation is not surprising, as both countries are the best cryptocurrency countries and have established financial markets with a fairly developed infrastructure and regulation.
The report says that Europe is the region with the largest number of crypto banks. 63 firms are providing crypto banking services in different cities. Analysts highlight Standard Chartered UK, BBVA Switzerland, and Barclays UK as the main cryptocurrency-friendly banks. These companies have made significant investments in the cryptocurrency landscape.
However, other countries are also demonstrating their loyalty to cryptocurrencies. For example, Ukraine, which has been rapidly developing the crypto industry in recent years, has seen the growth of the Ukrainian crypto community, and as a result, banks are becoming more loyal to cryptocurrencies.
In addition, the country operates several cryptocurrency payment platforms, which further emphasizes the attitude of Ukrainians towards the industry. Through these platforms, they pay for purchases in cryptocurrency in stores. For example, Corefy, Switchere, Whitepay, and many others.
The latest platform is also part of the ecosystem of the WhiteBIT cryptocurrency exchange, which from time to time holds a large number of different events and activities for users. One of them is the recent Bitcoin halving challenge called “Ha-ha-halving”.
The Role of ETFs in the Banking Sector
The report also mentions the role of spot ETFs, emphasizing that the approval of Bitcoin ETFs increases confidence in cryptocurrency as a mainstream investment vehicle.
BlackRock’s iShares Bitcoin ETF has set a new precedent by accumulating $10 billion in assets under management faster than any other ETF before it. This achievement highlights the potential of ETFs as a gateway to asset tokenization. BlackRock CEO Larry Feehan says that “these events are not just individual successes, but important steps towards the broader goal of asset tokenization.”
The analysts note that the banking industry is currently on the verge of a “transformative era where Bitcoin and spot ETFs serve as key mechanisms for integrating traditional finance with the world of cryptocurrencies.” Emphasizing that Bitcoin ETFs provide lucrative growth opportunities and are an optimal entry point for banks that decide to start working with regulated cryptocurrency services.
The report also covers the topic of recognizing Ether as a security. Analysts note that the classification of cryptocurrency as a security by the Securities and Exchange Commission (SEC) could have potential long-term implications for various sectors of the crypto industry.
On the one hand, the recognition of Ether as a security could approve the use of blockchain technology for the issuance and trading of regulated financial instruments, thereby encouraging the further development and adoption of tokenization platforms. On the other hand, many dApps and DeFi are built on Ethereum, relying on it for transactions and smart contract interactions.
They also emphasize that Bitcoin could “benefit” from the fact that the US Securities and Exchange Commission classifies Ether as a security. Such a move could make it even more attractive to investors looking for access to cryptocurrencies without regulatory uncertainty.
Coincub claims that the integration of spot ETFs will open up new opportunities for banks to channel their clients’ funds into cryptocurrencies or cryptocurrency funds, including ETFs.
However, they note that the distinction between banks’ custodial role and investment strategies remains paramount. While banks are expected to increasingly assume custodial responsibilities for cryptocurrencies in the future, the allocation of client funds to crypto investments will be influenced by regulatory conditions, client risk appetite, and banks’ assessment of the viability of these investments in diversified portfolios.
The adoption of stablecoins is growing among financial companies
Coincub analysts also emphasize the role of stablecoins, noting that they provide the security necessary for the cryptocurrency market to thrive. Currently, 35% of banks, such as SEBA bank, Kraken, Bakkt, and Swissquote, support the issuance of stablecoins to users.
According to the data, most financial companies have not yet joined this trend. Many institutions are still planning to introduce stablecoins to facilitate their use, for example, for cash management and peer-to-peer transactions. However, some banks are starting to experiment with stablecoins as part of pilot programs.
Moreover, constantly changing regulatory requirements make some financial institutions cautious about entering the stablecoin market. Analysts point out that last year, new regulatory requirements for stablecoin issuers were in the spotlight. MiCA rules require them to maintain sufficient reserves, protect and segregate assets, ensure the redemption rights of token holders, and fulfill other obligations.
They also point to other jurisdictions that are taking similar steps. For example, Hong Kong and the United Kingdom are working on updating legislation to create a regulatory framework for stablecoins. And Singapore has already created a regulatory framework.
Main challenges and risks for crypto banks
One of the main problems is security. Analysts note that crypto banking has several vulnerabilities, including fraud, hacking, and theft. Attackers can exploit the flaws of crypto banking platforms and wallets. Worst of all, consumers fall victim to fraud or fraudulent transactions and have no recourse, as cryptocurrency transactions are irreversible.
To mitigate security risks, cryptocurrency providers try to take measures to protect users’ assets from vulnerabilities. They implement robust security measures (e.g., regular security checks, cold storage of funds, and multifactor authentication) to protect customer assets.
Analysts also highlight regulatory uncertainty as a problem. The risk of regulatory uncertainty remains significant in the crypto industry, as regulation is still limited. In addition, each country has its legal status in terms of cryptocurrencies.
As a result, customers have few remedies at their disposal. In addition, it can be difficult to go to court in cases of fraud and theft. However, regulatory uncertainty has decreased today as more and more governments are introducing regulations.
Another challenge for crypto banking is market volatility. The growth of cryptocurrencies in the financial sector has revolutionized the traditional banking system. However, most banks are hesitant to invest heavily in cryptocurrencies due to their volatility and limited regulatory framework. Excessive volatility of cryptocurrencies may increase liquidity risks for banking institutions.
However, some banks are finding solutions to this problem. Some banks use stablecoins to minimize the risk of the unpredictability of cryptocurrencies. For example, JPMorgan allows institutional clients to use the JPM stablecoin to make cross-border payments.
Summary
As we can see, the current state of crypto banking in the world is characterized by active growth and important changes in various sectors of the global economy. Coincub’s report sheds light on this process, emphasizing all the potential risks and challenges facing the industry.
At first glance, it would seem that increased regulatory transparency and increased customer interest in cryptocurrencies are driving the development of crypto banking. However, there are problems related to security, regulatory uncertainty, and market volatility. The road to stable and secure crypto banking is not yet complete, but efforts are already underway to mitigate risks.
$BTC
More and more companies are using crypto banking solutions to provide customers with new services, keep abreast of new trends, and develop their businesses. Coincub, a technical and analytical platform, has analyzed the global crypto banking market and prepared a report. It contains many theses, but we will focus on the most important ones.
Global Crypto Banking Market
More and more investors are considering Bitcoin as a potential solution to some of the major problems in the financial ecosystem. Coincub analysts note that increased regulatory clarity and increased interest among customers are the main reasons why banks and financial institutions are taking cryptocurrencies seriously.
They emphasize that the United States and the United Kingdom are the most attractive regions for companies working with digital assets. In particular, there are 25 crypto banking companies in the US and 17 in the UK. Coincub claims that this situation is not surprising, as both countries are the best cryptocurrency countries and have established financial markets with a fairly developed infrastructure and regulation.
The report says that Europe is the region with the largest number of crypto banks. 63 firms are providing crypto banking services in different cities. Analysts highlight Standard Chartered UK, BBVA Switzerland, and Barclays UK as the main cryptocurrency-friendly banks. These companies have made significant investments in the cryptocurrency landscape.
However, other countries are also demonstrating their loyalty to cryptocurrencies. For example, Ukraine, which has been rapidly developing the crypto industry in recent years, has seen the growth of the Ukrainian crypto community, and as a result, banks are becoming more loyal to cryptocurrencies.
In addition, the country operates several cryptocurrency payment platforms, which further emphasizes the attitude of Ukrainians towards the industry. Through these platforms, they pay for purchases in cryptocurrency in stores. For example, Corefy, Switchere, Whitepay, and many others.
The latest platform is also part of the ecosystem of the WhiteBIT cryptocurrency exchange, which from time to time holds a large number of different events and activities for users. One of them is the recent Bitcoin halving challenge called “Ha-ha-halving”.
The Role of ETFs in the Banking Sector
The report also mentions the role of spot ETFs, emphasizing that the approval of Bitcoin ETFs increases confidence in cryptocurrency as a mainstream investment vehicle.
BlackRock’s iShares Bitcoin ETF has set a new precedent by accumulating $10 billion in assets under management faster than any other ETF before it. This achievement highlights the potential of ETFs as a gateway to asset tokenization. BlackRock CEO Larry Feehan says that “these events are not just individual successes, but important steps towards the broader goal of asset tokenization.”
The analysts note that the banking industry is currently on the verge of a “transformative era where Bitcoin and spot ETFs serve as key mechanisms for integrating traditional finance with the world of cryptocurrencies.” Emphasizing that Bitcoin ETFs provide lucrative growth opportunities and are an optimal entry point for banks that decide to start working with regulated cryptocurrency services.
The report also covers the topic of recognizing Ether as a security. Analysts note that the classification of cryptocurrency as a security by the Securities and Exchange Commission (SEC) could have potential long-term implications for various sectors of the crypto industry.
On the one hand, the recognition of Ether as a security could approve the use of blockchain technology for the issuance and trading of regulated financial instruments, thereby encouraging the further development and adoption of tokenization platforms. On the other hand, many dApps and DeFi are built on Ethereum, relying on it for transactions and smart contract interactions.
They also emphasize that Bitcoin could “benefit” from the fact that the US Securities and Exchange Commission classifies Ether as a security. Such a move could make it even more attractive to investors looking for access to cryptocurrencies without regulatory uncertainty.
Coincub claims that the integration of spot ETFs will open up new opportunities for banks to channel their clients’ funds into cryptocurrencies or cryptocurrency funds, including ETFs.
However, they note that the distinction between banks’ custodial role and investment strategies remains paramount. While banks are expected to increasingly assume custodial responsibilities for cryptocurrencies in the future, the allocation of client funds to crypto investments will be influenced by regulatory conditions, client risk appetite, and banks’ assessment of the viability of these investments in diversified portfolios.
The adoption of stablecoins is growing among financial companies
Coincub analysts also emphasize the role of stablecoins, noting that they provide the security necessary for the cryptocurrency market to thrive. Currently, 35% of banks, such as SEBA bank, Kraken, Bakkt, and Swissquote, support the issuance of stablecoins to users.
According to the data, most financial companies have not yet joined this trend. Many institutions are still planning to introduce stablecoins to facilitate their use, for example, for cash management and peer-to-peer transactions. However, some banks are starting to experiment with stablecoins as part of pilot programs.
Moreover, constantly changing regulatory requirements make some financial institutions cautious about entering the stablecoin market. Analysts point out that last year, new regulatory requirements for stablecoin issuers were in the spotlight. MiCA rules require them to maintain sufficient reserves, protect and segregate assets, ensure the redemption rights of token holders, and fulfill other obligations.
They also point to other jurisdictions that are taking similar steps. For example, Hong Kong and the United Kingdom are working on updating legislation to create a regulatory framework for stablecoins. And Singapore has already created a regulatory framework.
Main challenges and risks for crypto banks
One of the main problems is security. Analysts note that crypto banking has several vulnerabilities, including fraud, hacking, and theft. Attackers can exploit the flaws of crypto banking platforms and wallets. Worst of all, consumers fall victim to fraud or fraudulent transactions and have no recourse, as cryptocurrency transactions are irreversible.
To mitigate security risks, cryptocurrency providers try to take measures to protect users’ assets from vulnerabilities. They implement robust security measures (e.g., regular security checks, cold storage of funds, and multifactor authentication) to protect customer assets.
Analysts also highlight regulatory uncertainty as a problem. The risk of regulatory uncertainty remains significant in the crypto industry, as regulation is still limited. In addition, each country has its legal status in terms of cryptocurrencies.
As a result, customers have few remedies at their disposal. In addition, it can be difficult to go to court in cases of fraud and theft. However, regulatory uncertainty has decreased today as more and more governments are introducing regulations.
Another challenge for crypto banking is market volatility. The growth of cryptocurrencies in the financial sector has revolutionized the traditional banking system. However, most banks are hesitant to invest heavily in cryptocurrencies due to their volatility and limited regulatory framework. Excessive volatility of cryptocurrencies may increase liquidity risks for banking institutions.
However, some banks are finding solutions to this problem. Some banks use stablecoins to minimize the risk of the unpredictability of cryptocurrencies. For example, JPMorgan allows institutional clients to use the JPM stablecoin to make cross-border payments.
Summary
As we can see, the current state of crypto banking in the world is characterized by active growth and important changes in various sectors of the global economy. Coincub’s report sheds light on this process, emphasizing all the potential risks and challenges facing the industry.
At first glance, it would seem that increased regulatory transparency and increased customer interest in cryptocurrencies are driving the development of crypto banking. However, there are problems related to security, regulatory uncertainty, and market volatility. The road to stable and secure crypto banking is not yet complete, but efforts are already underway to mitigate risks.
$BTC
👀 According to LiveBitcoinNews: $XRP Price Analysis
This past week, Ripple price saw a decent increase above the $0.50 resistance against the US Dollar. The XRP/USD pair climbed above the $0.520 resistance to move into a positive zone.
The bulls even pumped the price above the $0.550 resistance. A high was formed near $0.5705 and the price recently corrected lower. There was a move below the $0.550 and $0.5250 levels. The bears pushed the price below the 23.6% Fib retracement level of the upward move from the $0.3875 swing low to the $0.5705 high.
The price is now trading below $0.520 and the 55 simple moving average (4 hours). It is trading above the 50% Fib retracement level of the upward move from the $0.3875 swing low to the $0.5705 high.
On the upside, the price is facing resistance near $0.5250. There is also a key bearish trend line forming with resistance at $0.5275 on the 4-hour chart of the XRP/USD pair.
The next major resistance is near the $0.570 level. A close above the $0.570 resistance zone might start a strong increase. In the stated case, the price could even surpass the $0.620 resistance. Any more gains might send the price toward the $0.700 resistance.
Initial support on the downside is near the $0.50 level. The next major support is near the $0.480 level. Any more losses could lead the price toward the $0.4550 level, below which the price might even test $0.420.
Looking at the chart, Ripple’s price is now trading below the $0.5250 zone and the 55 simple moving average (4 hours). Overall, the price could start a fresh increase unless there is a close below $0.480.
This past week, Ripple price saw a decent increase above the $0.50 resistance against the US Dollar. The XRP/USD pair climbed above the $0.520 resistance to move into a positive zone.
The bulls even pumped the price above the $0.550 resistance. A high was formed near $0.5705 and the price recently corrected lower. There was a move below the $0.550 and $0.5250 levels. The bears pushed the price below the 23.6% Fib retracement level of the upward move from the $0.3875 swing low to the $0.5705 high.
The price is now trading below $0.520 and the 55 simple moving average (4 hours). It is trading above the 50% Fib retracement level of the upward move from the $0.3875 swing low to the $0.5705 high.
On the upside, the price is facing resistance near $0.5250. There is also a key bearish trend line forming with resistance at $0.5275 on the 4-hour chart of the XRP/USD pair.
The next major resistance is near the $0.570 level. A close above the $0.570 resistance zone might start a strong increase. In the stated case, the price could even surpass the $0.620 resistance. Any more gains might send the price toward the $0.700 resistance.
Initial support on the downside is near the $0.50 level. The next major support is near the $0.480 level. Any more losses could lead the price toward the $0.4550 level, below which the price might even test $0.420.
Looking at the chart, Ripple’s price is now trading below the $0.5250 zone and the 55 simple moving average (4 hours). Overall, the price could start a fresh increase unless there is a close below $0.480.
💥 According to AMBCrypto: Best Crypto to Buy Right Now
$BONK shocked its investors with significant gains in the past week. The Solana-based meme coin has just risen over its average value, with its price up by 25.8% the past seven days.
The token is one of the highest crypto gainers this week. The price of this meme coin rose from $0.00001993 to $0.00002605.
BONK is Solana’s social layer and community meme coin, with deep integrations as a utility token across a broad range of applications and protocols inside the Web3 ecosystem.
$PEPE continues to rise in the crypto market with a 25.7% increase in a week, raising its value to $0.000007362 with a market cap of $2,995,621,883 and a trading volume of $762,324,339.
PEPE recovered quickly after several days of slow progress. With this increase, the memecoin has moved closer to the all-time high benchmark of $0.00001074, which is possible if the momentum continues.
This surge can be attributed to the influence of its committed group of investors, notably whales, who have large holdings and have lately bolstered their investments.
$HBAR was one of the few cryptocurrencies whose prices were unaffected by March’s bullish run. However, the coin has outperformed all others during the current crypto downturn.
The coin has gained 21.5% in the past week, changing hands at $0.1066. Notably, its trading volume saw an average day-to-day growth of 7,500%.
Hedera is a public hash graph network and governing body designed to meet the needs of mainstream markets.
The platform is poised to be the world’s first widely accepted public distributed ledger, offering a diverse range of applications.
$BONK shocked its investors with significant gains in the past week. The Solana-based meme coin has just risen over its average value, with its price up by 25.8% the past seven days.
The token is one of the highest crypto gainers this week. The price of this meme coin rose from $0.00001993 to $0.00002605.
BONK is Solana’s social layer and community meme coin, with deep integrations as a utility token across a broad range of applications and protocols inside the Web3 ecosystem.
$PEPE continues to rise in the crypto market with a 25.7% increase in a week, raising its value to $0.000007362 with a market cap of $2,995,621,883 and a trading volume of $762,324,339.
PEPE recovered quickly after several days of slow progress. With this increase, the memecoin has moved closer to the all-time high benchmark of $0.00001074, which is possible if the momentum continues.
This surge can be attributed to the influence of its committed group of investors, notably whales, who have large holdings and have lately bolstered their investments.
$HBAR was one of the few cryptocurrencies whose prices were unaffected by March’s bullish run. However, the coin has outperformed all others during the current crypto downturn.
The coin has gained 21.5% in the past week, changing hands at $0.1066. Notably, its trading volume saw an average day-to-day growth of 7,500%.
Hedera is a public hash graph network and governing body designed to meet the needs of mainstream markets.
The platform is poised to be the world’s first widely accepted public distributed ledger, offering a diverse range of applications.
🔥 According to U.Today: Is $SHIB Finished?
The Shiba Inu token is relevant again. Investors are keenly watching to see if the current price correction has run its course and whether SHIB is poised for a rebound. However, the lack of immediate support levels nearby raises questions about the potential for a random reversal.
As of now, SHIB’s price is not resting on any recognized support level, casting uncertainty on the immediate future of the token. The next notable support is at the $0.000020 mark. This absence of nearby support could imply that the price.
One positive aspect is the current low volume, which means that it could take less trading activity to move the price significantly. Nonetheless, the flip side is that low volume can also point to a lack of interest, which can be a negative indicator for price growth. Moreover, there might be passive selling pressure that is not yet evident in the exchange volumes.
If holders are gradually losing faith and waiting to sell, this pressure could materialize and affect SHIB's price when it hits the markets. If SHIB manages to find buyers and initiate a rally, the first resistance level to watch would be around $0.00002271. Should it break through, the next point of resistance might be at $0.00002590.
The Shiba Inu token is relevant again. Investors are keenly watching to see if the current price correction has run its course and whether SHIB is poised for a rebound. However, the lack of immediate support levels nearby raises questions about the potential for a random reversal.
As of now, SHIB’s price is not resting on any recognized support level, casting uncertainty on the immediate future of the token. The next notable support is at the $0.000020 mark. This absence of nearby support could imply that the price.
One positive aspect is the current low volume, which means that it could take less trading activity to move the price significantly. Nonetheless, the flip side is that low volume can also point to a lack of interest, which can be a negative indicator for price growth. Moreover, there might be passive selling pressure that is not yet evident in the exchange volumes.
If holders are gradually losing faith and waiting to sell, this pressure could materialize and affect SHIB's price when it hits the markets. If SHIB manages to find buyers and initiate a rally, the first resistance level to watch would be around $0.00002271. Should it break through, the next point of resistance might be at $0.00002590.
🚀 According to NewsBTC: $ADA Price Prediction
In the past few days, Cardano saw a steady decline from the $0.520 resistance zone, like Bitcoin and Ethereum. ADA price declined below the $0.500 and $0.4950 levels to enter a bearish zone.
There was a move below the 50% Fib retracement level of the upward move from the $0.4000 swing low to the $0.5201 high. It even declined below $0.4650 and tested $0.450. The price is now trading below $0.500 and the 100 simple moving average (4 hours).
There is also a key bearish trend line forming with resistance at $0.4740 on the 4-hour chart of the ADA/USD pair. The bulls seem to be active near the $0.450 zone and the 61.8% Fib retracement level of the upward move from the $0.4000 swing low to the $0.5201 high.
On the upside, immediate resistance is near the $0.4740 zone, the 100 simple moving average (4 hours), and the trend line. The first resistance is near $0.4920. The next key resistance might be $0.500. If there is a close above the $0.50 resistance, the price could start a strong rally.
In the stated case, the price could rise toward the $0.5250 region. Any more gains might call for a move toward $0.5650.
If Cardano’s price fails to climb above the $0.4740 resistance level and the 100 simple moving average (4 hours), it could continue to move down. Immediate support on the downside is near the $0.450 level.
The next major support is near the $0.4280 level. A downside break below the $0.4280 level could open the doors for a test of $0.40. The next major support is near the $0.3880 level.
In the past few days, Cardano saw a steady decline from the $0.520 resistance zone, like Bitcoin and Ethereum. ADA price declined below the $0.500 and $0.4950 levels to enter a bearish zone.
There was a move below the 50% Fib retracement level of the upward move from the $0.4000 swing low to the $0.5201 high. It even declined below $0.4650 and tested $0.450. The price is now trading below $0.500 and the 100 simple moving average (4 hours).
There is also a key bearish trend line forming with resistance at $0.4740 on the 4-hour chart of the ADA/USD pair. The bulls seem to be active near the $0.450 zone and the 61.8% Fib retracement level of the upward move from the $0.4000 swing low to the $0.5201 high.
On the upside, immediate resistance is near the $0.4740 zone, the 100 simple moving average (4 hours), and the trend line. The first resistance is near $0.4920. The next key resistance might be $0.500. If there is a close above the $0.50 resistance, the price could start a strong rally.
In the stated case, the price could rise toward the $0.5250 region. Any more gains might call for a move toward $0.5650.
If Cardano’s price fails to climb above the $0.4740 resistance level and the 100 simple moving average (4 hours), it could continue to move down. Immediate support on the downside is near the $0.450 level.
The next major support is near the $0.4280 level. A downside break below the $0.4280 level could open the doors for a test of $0.40. The next major support is near the $0.3880 level.
💵 According to AMBCrypto: $MATIC Road Ahead
Since metrics suggested a price correction, AMBCrypto then checked MATIC’s daily chart to better understand whether MATIC would be able to break above $0.77 anytime soon.
We found that, like metrics, most indicators also remained bearish on Polygon. The Bollinger Bands pointed out that MATIC’s price was in a less volatile zone.
On top of that, both MATIC’s Money Flow Index (MFI) and Chaikin Money Flow (CMF) registered downticks. This indicated that the token’s bull rally might come to an end soon.
Nonetheless, the MACD supported buyers as it displayed a bullish crossover.
If a utopian scenario is considered in which MATIC sustains its bully rally, it still might have to overcome an obstacle.
AMBCrypto’s analysis of Hyblock Capital’s data revealed that MATIC’s liquidation would rise sharply near the $0.76 mark. Whenever liquidation rises, it increases the chances of a price correction.
Therefore, MATIC might successfully go above that level before setting eyes on $0.77 resistance.
Since metrics suggested a price correction, AMBCrypto then checked MATIC’s daily chart to better understand whether MATIC would be able to break above $0.77 anytime soon.
We found that, like metrics, most indicators also remained bearish on Polygon. The Bollinger Bands pointed out that MATIC’s price was in a less volatile zone.
On top of that, both MATIC’s Money Flow Index (MFI) and Chaikin Money Flow (CMF) registered downticks. This indicated that the token’s bull rally might come to an end soon.
Nonetheless, the MACD supported buyers as it displayed a bullish crossover.
If a utopian scenario is considered in which MATIC sustains its bully rally, it still might have to overcome an obstacle.
AMBCrypto’s analysis of Hyblock Capital’s data revealed that MATIC’s liquidation would rise sharply near the $0.76 mark. Whenever liquidation rises, it increases the chances of a price correction.
Therefore, MATIC might successfully go above that level before setting eyes on $0.77 resistance.
👀. According to U.Today: $SOL Gets Rejected
Solana has recently seen a significant reversal on its chart. After a period of bullish movement, SOL faced rejection at the 26-day EMA and has since retreated sharply, breaking through what was a key support level. This has led to a drop below the anticipated support, bringing the next critical level into focus — the 100 EMA, standing at around $139.
At the moment of report, SOL is trading at:
- $143.48 on KuCoin exchange
- $143.81 on WhiteBIT exchange
- $143.82 on OKX exchange
The current trading volume is on the decline, which might suggest a decrease in market volatility in the coming days. Amid a bearish trend, this decreasing volume could signal a slowing down of downward momentum, which, in the midterm, could be a positive sign for the asset.
However, things are not that bad for Solana. If the price stabilizes and finds solid footing at the 100 EMA, it could offer a base for a potential rebound. If Solana manages to reverse course and climb back above the recent support-turned-resistance level around $150, it could aim for a retest of higher prices near the 26 EMA at approximately $160. The upcoming SOL move will be decisive. The descending volume, coupled with the price action, suggests that a midterm consolidation could be ahead.
Solana has recently seen a significant reversal on its chart. After a period of bullish movement, SOL faced rejection at the 26-day EMA and has since retreated sharply, breaking through what was a key support level. This has led to a drop below the anticipated support, bringing the next critical level into focus — the 100 EMA, standing at around $139.
At the moment of report, SOL is trading at:
- $143.48 on KuCoin exchange
- $143.81 on WhiteBIT exchange
- $143.82 on OKX exchange
The current trading volume is on the decline, which might suggest a decrease in market volatility in the coming days. Amid a bearish trend, this decreasing volume could signal a slowing down of downward momentum, which, in the midterm, could be a positive sign for the asset.
However, things are not that bad for Solana. If the price stabilizes and finds solid footing at the 100 EMA, it could offer a base for a potential rebound. If Solana manages to reverse course and climb back above the recent support-turned-resistance level around $150, it could aim for a retest of higher prices near the 26 EMA at approximately $160. The upcoming SOL move will be decisive. The descending volume, coupled with the price action, suggests that a midterm consolidation could be ahead.
