In response to regulatory crackdowns, ACINQ’s Phoenix Wallet and zkSNACKs’ Wasabi Wallet have stopped serving US customers. Both companies expressed concerns about the potential regulation of self-custodial wallets following the recent actions against Consensys and Samourai Wallet. As a financial analyst, I would rephrase it as follows: I have learned that ACINQ’s Bitcoin wallet, Phoenix … Read more
Increasing calls to sell BTC could fuel a rebound towards $68,600 An important metric revealed that the coin has not yet hit the peak of this cycle In recent developments, Bitcoin’s [BTC] dip below $63,400 has sparked a surge of Fear, Uncertainty, and Doubt (FUD) among traders. According to AMBCrypto’s analysis using Santiment’s on-chain social … Read more
AVAX has underperformed most of its competitors in terms of YTD return on interest Sentiment and social volume around Avalanche fell as prices surged Avalanche (AVAX) has struggled this year compared to other altcoins. With a YTD loss of 21.52%, AVAX holders have suffered significant losses. At press time, AVAX was trading at $33.99, but … Read more
Consensys sued the SEC in Texas over Ether’s classification Org has challenged the SEC’s allegations, while advocating for fairness and clarity With the ongoing debate about Ethereum’s potential classification as a security becoming exhausting, Consensys, a prominent blockchain software company, made headlines recently by taking a bold step. They initiated legal action against the US … Read more
Issue could have put user funds at significant risk OP token fell by 4.57% in 24 hours following the disclosure L2 projects, specifically Optimism (OP), have been making headlines due to security vulnerabilities discovered in their stack, the foundation for leading Ethereum scaling solutions like OP Mainnet and Base. Offchain Labs, developers of another Ethereum … Read more
XRP’s downward pressure may be losing momentum Market bears still retain significant influence across the market though As a crypto investor, I’ve noticed that XRP‘s downtrend may be losing steam. The gap between its short-term and long-term moving averages is getting smaller on the weekly chart. However, market bears are still in control. The trend … Read more