Soneium Launches Developer Incubator Program to Support Consumer and Gaming Apps
Soneium Launches Developer Incubator Program to Support Consumer and Gaming Apps
Soneium, Sony’s entertainment-focused Layer 2 platform, has announced the launch of “Soneium For All,” a new developer program aimed at supporting blockchain developers in the Consumer and Gaming sectors. Building on its existing momentum of over 100 live decentralized applications (dApps), 7 million wallets, and up to 1.5 million transactions per day, the program addresses […]
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$340M Bitcoin Bet: The Blockchain Group Pushes Institutional Crypto Wave In Europe
A Bitcoin-focused company based in Paris wants to raise $340 million through a unique kind of share sale that happens day by day. Blockchain Group, known for stacking Bitcoin on its balance sheet, announced plans to partner with asset manager TOBAM to make it happen. The money, if raised, will go straight into buying more […]
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Ethereum’s Realized Price Hints at a Market Reset, What Traders Should Know
Ethereum has shown signs of regaining momentum after a recent period of decline. The asset is currently trading at approximately $2,540, reflecting a modest 1% daily increase. This upward move follows a notable dip to the $2,400 range last week, marking what appears to be a short-term rebound from recent bearish pressure. While price fluctuations continue, on-chain analysts closely monitor Ethereum’s market structure through various metrics that provide historical context and potential forecasting value. Recent insights from a CryptoQuant analyst have focused on how ETH’s long-term behavior aligns with certain key indicators, which may help define price floors and signal overheated market conditions. Related Reading: Bitcoin And Ethereum Defend Key Moving Averages – Bullish Signal Or Temporary Relief? Assessing Ethereum Price Floors Using On-Chain Data One of CryptoQuant’s analysts, writing under the name CryptoOnchain, shared a breakdown of Ethereum’s potential “price floors” using a composite of on-chain and market metrics. These floors represent statistical thresholds that have historically acted as support zones during market corrections. Among them is the realized price, which measures the average value at which all circulating ETH last moved on-chain. This metric is often used as a sentiment gauge to track when market participants are in profit or loss. Another benchmark, the mean_price_classic, reflects the average daily closing price of ETH since inception and serves as a cumulative market average. It is used in conjunction with the delta_price_classic, a figure derived from the difference between Ethereum’s realized capitalization and its historical average cap, adjusted for supply. According to the analyst, this delta price is frequently cited in Bitcoin analytics to highlight undervalued zones, and its adaptation for Ethereum provides a comparable lens for identifying periods when the market may be at or near a floor. Tracking Market Tops and Potential Resistance Zones In a separate analysis report, CryptoOnchain highlighted tools for identifying potential market tops. The indicators outlined include the realized_price_x2 and realized_price_x3, which are calculated by multiplying Ethereum’s realized price by two and three, respectively. Historically, these levels have coincided with overheated phases of the market, where prices reached temporary peaks before correcting. Related Reading: Ethereum Consolidates Below $2,800 – Bulls Need This Level To Trigger Next Leg Up Another tool, the price_top_stddev, incorporates volatility into the analysis by adding two times the historical standard deviation of ETH’s closing price to the realized price. This combination serves as a marker of statistically elevated prices, often aligning with periods of heightened euphoria and speculative activity. CryptoOnchain suggests that monitoring these zones can assist traders in managing risk during extended rallies, as these resistance levels have previously preceded major cycle reversals. Featured image created with DALL-E, Chart from TradingView
Paul Atkins Delivers Key Points On DeFi At SEC’s Crypto Task Force Roundtable
In a significant address on Monday, Paul Atkins, the new Chair of the US Securities and Exchange Commission (SEC), outlined his vision for decentralized finance (DeFi) and the broader cryptocurrency industry. His remarks, delivered at a roundtable titled “DeFi and the American Spirit,” emphasized the alignment of DeFi with core American values such as economic […]
Belgravia Hartford Capital Makes First Bitcoin Purchase in New Treasury Strategy
Belgravia Hartford Capital, a Canadian Securities Exchange-listed investment issuer, has announced its first bitcoin purchase as part of a new treasury strategy. CEO Praises Bitcoin Purchase Timing On June 9, Belgravia Hartford Capital, the Canadian Securities Exchange listed investment issuer, announced the completion of its initial bitcoin ( BTC) purchase as part of its new […]