Vitalik Buterin, a co-founder and frontman of the second biggest blockchain platform Ethereum, has taken to his account on the X social media platform to share his negative take on the current state of products powered by artificial intelligence and OpenAI's ChatGPT in particular.
ETH, DOGE Price Analysis: How Trump Tariffs May Impact Cryptos Such as Ether, Dogecoin
Ethereum (ETH) has been under significant pressure in recent months, with its price continuing to decline. However, a recent surge in short positions against the asset from hedge funds has raised the possibility of a short squeeze.
Ripple is moving deeper into Europe. This time, it is through a partnership with Portuguese currency exchange provider Unicâmbio, bringing crypto-enabled cross-border payments into Portugal.
XRP trades at $2.42, boasting a $139 billion market valuation and $4.87 billion in global daily transactions, oscillating between $2.32 and $2.45. This narrow band reflects equilibrium amid evolving market forces, with prices stabilizing after recent volatility. XRP XRP's hourly chart reveals horizontal equilibrium, bracketed by resistance at $2.45–$2.50 and support at $2.30–$2.35.
XRP traded relatively subdued on Sunday, following a week of sluggish price action.
Short interest in Ethereum has skyrocketed by 500% since Nov. 2024, raising questions about whether a looming short squeeze could close the widening performance gap with Bitcoin, despite regulatory support.
This collaboration will introduce Ripple's crypto-enabled payment solution to Portugal. It will enable instant cross-border payments between Portugal and Brazil.
Ripple payments use the XRP Ledger, where users can send and receive different currencies, including fiat money and crypto assets, through a network of financial institutions using the XRP token.
Bitcoin (BTC) is showing signs of recovery, trading around $96,934 after a brief pullback. Market sentiment remains cautiously optimistic as BTC consolidates near crucial support levels.
The partnership will enable fast, low-cost cross-border payments between Portugal and Brazil.
Ripple Labs, a leading multinational blockchain payment company based in the United States, has announced a strategic partnership with Unicâmbio, a well-funded Portuguese crypto-currency exchange. Through the strategic partnership, cross-border payments between Portugal and Brazil uniting Ripple Payments will be streamlined.
Ether and other altcoins saw a massive week of ETP inflow, while Bitcoin inflows continued to decline, according to data from CoinShares.
Closely followed crypto analyst Benjamin Cowen says that a shift in monetary policy will most likely be what finally triggers an “altseason,” or a period where altcoins vastly outperform Bitcoin (BTC).
Ripple (XRP) is currently priced at $2.43, and Cardano (ADA) sits at $0.70, where both are struggling to break past high performances
Ether (exchange-traded funds) ETFs saw more than double the inflows of bitcoin ETFs, with a significant net inflow of $420 million. Ether ETFs Grab The Spotlight in Trading Week Review In the week spanning Feb. 3 to Feb. 7, ether ETFs experienced a substantial net inflow of $420.06 million.
A crypto analyst has shared a new bold forecast for the Ethereum price, predicting that the number one altcoin is on the verge of an explosive rally to $17,000. The analyst has cited past trends to support his bullish projections, highlighting that Ethereum rallies significantly after a decline.
The crypto market's squeeze continues, with assets recording double-digit exits. Bitcoin (BTC) and Ethereum's (ETH) outflows have shaped other assets, heightening sell pressures in the second week.
In a latest development, Nasdaq has officially submitted a proposed rule change to the U.S. Securities and Exchange Commission (SEC) to list and trade shares of the CoinShares XRP ETF Trust. Notably, the filing, submitted on February 10, represents a significant move toward institutional adoption of XRP.
The potential approval of these ETFs could significantly boost institutional investment in crypto, enhancing market legitimacy and growth. The post Nasdaq files to list and trade CoinShares XRP, Litecoin ETFs appeared first on Crypto Briefing.
Ripple has once again made headlines with its latest step to revolutionize cross-border payments. The blockchain giant has partnered with Unicâmbio, Portugal's leading currency exchange provider, to bring crypto-enabled payments to the country.
Ripple has expanded its presence in Europe through a partnership with Unicâmbio, a Portuguese crypto exchange. This partnership is set to streamline cross-border payments between Portugal and Brazil using Ripple Payments, according to a Feb. 10 statement.
Brazil's B3 stock exchange is expanding its cryptocurrency offerings with the introduction of Bitcoin options and futures contracts for Ethereum and Solana. The post Brazil's B3 Stock Exchange to Launch Bitcoin Options and Futures for ETH and SOL appeared first on Cryptonews.
The B3 Stock Exchange announced that it will expand its cryptocurrency offering this year, opening options for users to invest in solana and ether.
XRP has been under pressure in recent days, struggling to maintain its upward momentum. After a recent rally that took the price from a low of around $2.10 to a high of $2.80, XRP now faces challenges as it moves through a corrective phase.
TL;DR Ethereum is experiencing a surge in short positions, with Wall Street investors significantly increasing their bets against the cryptocurrency. Analysts from the Kobeissi Letter report a dramatic rise in Ethereum short positions, up 40% in one week and 500% since November 2024.
The evolution of the crypto market often relies on subtle signals that only savvy investors know how to interpret. Among these, the inflows to accumulation addresses are closely monitored, as they help anticipate bullish trends.
The B3 has announced the introduction of options on Bitcoin and futures contracts on Ethereum and Solana.
Ethereum has shed 18% of its value over the past month. As its price continues to slide, the percentage of ETH's supply held in profit has fallen to its lowest level since October, signaling mounting challenges for the altcoin.
The Ethereum investment products have attracted more than $177 million in cash inflows year-to-date led by by BlackRock's ETHA.
Ethereum has faced its most short-selling activity in history. Institutional short positions have soared by 40% in just one week and an astounding 500% since November 2024, according to data from the Kobeissi Letter.
Ethereum is at a pivotal level, trading near key Fibonacci retracement zones. A break above $2,881 could confirm a bullish reversal, while failure to hold $2,500 may trigger deeper retracements.
The Ethereum price continues losing momentum amid the ongoing market uncertainty. Despite recording a new all-time high in its accumulation, the ETH price has plunged by over 20%, raising concerns about its future price prospects.
XRP has dropped 2.36% in the last 24 hours, trading at $2.43 as market participants digest former US President Donald Trump's sweeping tariff announcements. The digital asset's decline aligns with broader market volatility following Trump's renewed protectionist stance, which includes a 25% tariff on steel imports and additional levies on aluminum.
XRP has entered a consolidation phase below $2.50 after reaching a high of $2.780, with technical indicators suggesting potential for renewed upward movement pending a break above key resistance levels.
Ripple is launching in Portugal with Unicâmbio, helping businesses in Portugal and Brazil make cross-border payments.
This is only the second time Ether's daily transaction fees have fallen below $1 million since November 2020.
Coinbase has accumulated $300M+ in ETH, which is more than 2x all of Base's ETH earnings over time," Base member Kabir.base.eth said on X.
Ethereum faces increasing pressure as hedge fund short positions reach record levels of 11,341 contracts while the price hovers near crucial support at $2,600, despite spot ETFs showing strong inflows and institutional interest remaining mixed.
Coinbase's layer-2 network, Base, has denied allegations of selling its Ethereum (ETH) holdings. Over the weekend, crypto community members pointed out that Base has funneled sequencer fees to Coinbase, sparking concerns about transparency and potential ETH sales.
Ethereum (CRYPTO: ETH) witnessed an unprecedented jump in bearish bets by Wall Street hedge funds, limiting the second-largest cryptocurrency's upside potential. What Happened: In an X post on Sunday, capital markets commentator The Kobeissi Letter highlighted that short positioning in Ethereum has surged by 40% in just one week and by a staggering 500% since Nov. 2024.
Ripple's partnership with Unicmbio could enhance financial connectivity and economic ties between Brazil and Portugal, boosting regional fintech growth. The post Ripple teams up with Unicâmbio to facilitate instant Brazil-Portugal payments appeared first on Crypto Briefing.
XRP (XRP -1.45%) and Solana (SOL 1.40%) are a pair of cryptocurrencies that are in their prime, and there are ample reasons to invest in both. Even a relatively small investment of $1,000 in either could appreciate significantly in value if investors are willing to hold their tokens for at least a few years.
JPMorgan believes that in the coming months regulators will finally agree to list spot ETFs on Ripple (XRP) on US exchanges.
XRP price has continued to stay in the red, reflecting the cautious stance of the investors towards the token. Notably, the stagnant price action of the token has left many market participants questioning, despite the positive market developments.
Ethereum researcher Justin Drake reignited the "ultra sound money" debate by arguing that Ethereum's economic model is more sustainable than Bitcoin's.
Ethereum (ETH) is facing a critical moment in its market, with two opposing forces in play: large-scale sell-offs by whales and a significant increase in buying activity from retail investors. Since December 2024, the Ethereum network has seen a shift in market dynamics, with aggressive selling by whales clashing with heightened retail buying interest.
Ethereum is experiencing an unprecedented level of short selling, with futures contracts on the Chicago Mercantile Exchange (CME) reaching a record high of 11,341. The post Ethereum Short Positions Hit Record High as Hedge Funds Bet Against ETH appeared first on Cryptonews.