Over the weekend, the conversation about the ETH Gate theories started again after the news of the Consensys lawsuit against the US Securities and Exchange Commission (SEC). The discussion intensified following the Ripple CTO David Schwartz and Cardano Founder Charles Hoskinson’s debate on X. Related Reading: Ethereum Price Reverse Gains, Can ETH Bulls Save The Day? Is There A Double Standard For Ethereum? On Thursday, crypto firm Consensys sued the US SEC, accusing the regulator of “unlawful seizure of authority” over Ethereum. Following the news, an online conversation sparked regarding the SEC’s alleged favoring of the second-largest cryptocurrency by market capitalization. X users commented on crypto exchanges’ “double standard.” Many pointed out platforms like Binance, Coinbase, Crypto.com, and Bitstamp delisted XRP after the SEC’s crackdown on Ripple. Hey @coinbase @cryptocom @BinanceUS @Bitstamp @BittrexExchange when delist Ethereum? Are you still trying to comply with regulatory concerns or no??? pic.twitter.com/QiWG9qEUbZ — Digital Asset Investor (@digitalassetbuy) April 26, 2024 Moreover, members of the crypto community also asked for ETH’s delisting. One user stated that if the crypto asset “doesn’t get delisted, we know #ETHGate is real.” The theories about the SEC attacking Ripple and XRP in favor of Ethereum are part of an ongoing saga that has raised concerns and speculation over the agency’s regulatory inconsistency. Last year, lawyer and crypto expert Jeremy Hogan weighed in on the publication of Hinman’s emails and drafts from his 2018 speech. Hogan alleged that the former SEC’s Division of Corporation Finance director was likely paid by someone related to the Ethereum Foundation to give a speech giving ETH a “free pass.” Ripple CTO Questions Hoskinson’s ETH Gate Stand Charles Hoskinson stated that an apology from the XRP army and Ripple executives was needed before a project collaboration. Hoskinson alleged during a recent X Space meeting that XRP’s community has attacked him daily since 2022. Following the session, members of the XRP army cursed him out and declared he was wrong. Hoskinson replied, seemingly trying to prove his point, alleging the hate “It’s never-ending and completely devoid of reason.” Jack, a prominent figure in the XRP community, argued that platforming those who attacked Hoskinson would not help the situation. Cardano’s founder then corrected someone, claiming he “misspoke” and “mischaracterized” the community’s allegations. Hoskinson clarified he didn’t misspeak, as people believe “members of the Ethereum community bribed the SEC to take out XRP.” According to him, this narrative has reignited several times with “no evidence of it.” Ripple’s CTO joined the discussion, questioning Hoskinson over his claims of lack of evidence. Schwartz stated: “So, was Hinman not intimately involved? Did he not have a financial interest in Ethereum? Did he recuse himself? Or is that not evidence for some reason?” So, was Hinman not intimately involved? Did he not have a financial interest in Ethereum? Did he recuse himself? Or is that not evidence for some reason? — David "JoelKatz" Schwartz (@JoelKatz) April 28, 2024 To Hoskinson, Schwartz was “inciting a mob by spreading false information.” He also denied invalidating the ETH Gate arguments, claiming his “grand conspiracy statements have always been related to the belief that somebody from Ethereum bribed the SEC to go after XRP.” The back-and-forth between the two crypto gurus ended with Ripple’s CTO further doubling down on his questions. He asked whether Hoskinson didn’t think any of his statements were evidence that Hinman’s interests influenced and affected the litigation against Ripple, which received no reply. Related Reading: XRP Sees Over $12 Million Sell-Off: Whale Warning Or Buying Opportunity? XRP is trading at $0.50 in the 7-day chart. Source: XRPUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com
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Is Now The Time To Buy Bitcoin? Latest Chart Analysis Says Yes – Here’s Why
Bitcoin has recently been spotlighted due to an intriguing buy signal identified on its hourly chart. This indication emerges amidst a notable fluctuation in Bitcoin’s price, setting the stage for potential short-term gains. Renowned crypto analyst Ali has highlighted a significant development on the hourly chart of Bitcoin, specifically noting a ‘buy signal’ detected by the TD Sequential indicator. This technical tool, developed by Tom DeMark, is respected for its ability to predict price reversals by analyzing exhaustion points in trends. Related Reading: Buckle Up: Bitcoin’s Ride to $74K Could Start Any Minute – Here’s Why Decoding The TD Sequential Indicator On Bitcoin Chart The TD Sequential operates in two main phases: the setup and the countdown. The setup phase requires nine consecutive price bars closing progressively higher or lower, depending on the trend’s direction. Following a successful setup, the countdown phase begins, searching for a sequence of 13 bars that continue the trend but must close beyond the high or low of two bars prior. Completing this countdown typically signals an exhausted trend, poised for a reversal. Bitcoin’s hourly chart shows the completion of this pattern, suggesting an imminent uptick over the next few hours. The TD Sequential presents a buy signal on the #Bitcoin hourly chart, predicting a potential rebound of one to four candlesticks for $BTC! pic.twitter.com/pnAMFHHbPe — Ali (@ali_charts) June 11, 2024 This technical prognosis arrives as Bitcoin contends with downward pressure, recently dipping below $67,000, a price level not seen since late May. Currently, Bitcoin is trading at $66,855, marking a 3.7% decline, which has sparked widespread commentary among investors and analysts. Buy The Dip, Says Mow Samson Mow, the CEO of Jan3 and a notable Bitcoin advocate, recently stirred the Bitcoin community with a post on his X account that included an optimistic forecast for Bitcoin’s price. Revisiting his earlier post, he added a highly optimistic prediction that Bitcoin could reach as high as $1 million per BTC. In his post, Mow used a visual diagram to compare the current available capital in the market with the amount of Bitcoin available and potentially mine-able in the future. The illustration did not specify quantities but effectively showed the small amount of Bitcoin available relative to the vast amount of capital that could potentially purchase it. The diagram, designed as overlapping triangles resembling an hourglass, emphasized the scarcity of Bitcoin in comparison to available capital. Related Reading: Bitcoin’s Stubborn Stand Below $100K: What’s Holding It Back? Mow’s post highlighted his perspective on the ongoing price dip, suggesting that despite the drop, the fundamental outlook for Bitcoin remains strong due to its limited supply and growing adoption. He use the term “BTFD” – “buy the f**king dip” – to suggest a bullish outlook. Feels weird seeing #Bitcoin price go down when we’re at a level of unprecedented adoption. BTFD! — Samson Mow (@Excellion) June 11, 2024 Featured image created with DALL-E, Chart from TradingView
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BlockDAG’s stellar growth: 1120% jump as BNB gains and TRON wanes
While BNB strengthens its position with substantial gains, TRON is facing downturns, raising concerns among its investors. Amid these shifts, BlockDAG shines with a remarkable 1120% increase in its presale value, currently priced at $0.0122. This impressive growth is fueled by the successful launch of BlockDAG’s Keynote 2 and the rollout of the X1 Mining …
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Trader That Called May 2021 Crypto Collapse Updates Bitcoin Outlook, Says BTC ‘Still on Track’ for Bull Market
A trader known for several accurate crypto market calls says that Bitcoin (BTC) remains in a bullish market trend. Pseudonymous analyst Dave the Wave tells his 146,500 followers on the social media platform X that as long as Bitcoin remains above an ascending diagonal level, the crypto king is still poised to print fresh all-time The post Trader That Called May 2021 Crypto Collapse Updates Bitcoin Outlook, Says BTC ‘Still on Track’ for Bull Market appeared first on The Daily Hodl .
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Shiba Inu Investors Move 4.29 Trillion SHIB to Coinbase; What’s Next?
Shiba Inu: On June 11th, the cryptocurrency market witnessed a sudden sell-off likely influenced by investors’ uncertainty toward upcoming U.S. CPI data. The leading digital asset Bitcoin tumbled 3.62% to reach $66875 while Ethereum coin plunged 5% to hit $3480. While the renewed supply pressure hints at prolonged correction for most of the major altcoins, The post Shiba Inu Investors Move 4.29 Trillion SHIB to Coinbase; What’s Next? appeared first on CoinGape .
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Ethereum Faces Accumulation as Netflow Turns Negative: What’s Next for ETH Price?
The post Ethereum Faces Accumulation as Netflow Turns Negative: What’s Next for ETH Price? appeared first on Coinpedia Fintech News The $4,000 level for ETH price now seems like a distant dream. Ether has remained below its key resistance channels for the last few days, even with the upcoming launch of its spot exchange-traded funds (ETFs) in the United States. Some believe the absence of bullish momentum for ETH comes from uncertainty about the regulator’s …
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