Coinbase And Binance Accused Of Relying On âFlawed Softwareâ By Industry Expert
Coinbase And Binance Accused Of Relying On âFlawed Softwareâ By Industry Expert
In a provocative social media post on X (previously Twitter), market expert MartyParty has raised alarm bells, claiming that two of the worldâs largest cryptocurrency exchanges Coinbase (COIN) and Binance, are engaged in a fierce competition that allegedly threatens the integrity of the sector. According to the expert, the roots of this so-called âconflictâ may [âŠ]
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Paypal Backs Stable, Enhances Future Adoption of PYUSD
With the undisclosed investment, Paypal has secured the inclusion of PYUSD, its in-house stablecoin, in Stableâs stablechain, which is designed with this type of asset in mind. Paypal aims to increase the adoption of the asset, targeting commerce use cases first. Paypal Announces Strategic Investment in Stable, Secures PYUSD Availability on the Stablechain Paypal, one [âŠ]
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Global M2 Money Supply Says Ethereum Price Will Reach $20,000, Hereâs When
The Global M2 Money Supply has been on the rise over the last year, reaching new peaks in the process. This chart was widely applied to the Bitcoin price as analysts believed that it projected Bitcoin reaching new peaks. So far, the Bitcoin price has already climbed to $124,400 with the money supply chart, and now, analysts are applying the same Global M2 Money Supply chart to the Ethereum price, showing that the altcoin could land at 5-figures soon. What The Global M2 Money Supply Says About Ethereum Price Crypto and market analyst Ted Pillows has taken another route when it comes to predicting the Ethereum price action, and this time, heâs using the Global M2 Money Supply chart. In the X post, the analyst superimposes the Ethereum price chart into the Global M2 Money Supply chart to show how the altcoin has been performing in comparison. Related Reading: Dogecoin Price Could Break Into Double-Digit Rally From This Fibonacci Level The chart shows that the Ethereum price is still lagging behind the money supply chart, but its current position shows it might be ready for another surge. Following the money supply chart would mean that the Ethereum price could see a decline below $4,000, but this is ultimately bullish for the price. This is because of the liquidity that lies at the $4,000 level, and if this liquidity is taken out, then the analyst sees the Ethereum price using this as gunpowder for its next rally. Keeping in line with the Global M2 Money Supply trend, this blowout could lead to an over 300% increase in price. Pillows suggests that the Ethereum price could reach as high as $18,000-$20,000 if this plays out, with a timeline moving into the year 2026. Even in a more conservative stance, the analyst believes that the Ethereum price could trade at half of this target, which would be around $10,000. Ultimately, Pillows believes that Ethereum is still bullish in the long term. The $10,000 Target Pillows is not the only crypto analyst who sees the Ethereum price ultimately reaching the $10,000 target. Another analyst, Titan of Crypto, had previously predicted that Ethereum would ultimately reach $10,000 this year. Titan points to the Bull Pennant formation on the chart, whose breakout would inadvertently put the Ethereum price at the $10,000 target this year if it plays out correctly. Related Reading: XRP Needs To Defend $2.98 Support To Avoid Deeper Correction â Details However, for now, it seems the major problem for Ethereum lies at the $4,000 level with the budding liquidity. Crypto analyst Donald Dean points out that if the altcoin were to lose support at $4,200, then the next area of major support would lie at $4,070. However, this $4,070 would serve as a launch point if it holds. Once this happens, then the analyst sees the ETH price going on a 50% retracement, and eventually climbing to the $5,766 target as the rally takes hold. Featured image from Dall.E, chart from TradingView.com
Strive And Semler Scientific Merge To Form Bitcoin Treasury Vehicle With 10,900 BTC
Asset management firm Strive Inc. today announced a merger with health tech firm Semler Scientific to create a new Bitcoin (BTC) treasury company that will hold more than 10,000 BTC on its balance sheet. Strive Merges With Semler Scientific, Expands Bitcoin Holdings According to an announcement earlier today, US politician and entrepreneur Vivek Ramaswamyâs Strive [âŠ]
ETH Could Soar as Ethereum Positions Itself as AI Settlement Layer, Experts Say
The Ethereum Foundation has launched a new decentralized AI team led by Davide Crapis. For Gil Rosen, co-founder of the Blockchain Builders Fund, this move represents a shift for Ethereum from a neutral settlement layer to a more âopinionatedâ Layer-1. The Ethereum Foundation Ventures Into AI With New Team The Ethereum Foundation has recently launched [âŠ]