JPMorgan joins reserve fund race with Ethereum-based JLTXX
JPMorgan files JLTXX, an Ethereum money market fund for stablecoin issuers seeking Treasury-backed reserves under new GENIUS Act rules today
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Ethereum price started a fresh decline and traded below $2,300. ETH is now consolidating above $2,250 and might struggle to recover. Ethereum started a downside correction below the $2,280 zone. The price is trading below $2,300 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2,300 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,320 zone. Ethereum Price Faces Resistance Ethereum price failed to remain stable above $2,320 and started a downside correction, like Bitcoin. ETH price dipped below the $2,300 and $2,280 levels. The price even traded below $2,265. A low was formed at $2,256, and the price is now consolidating losses. There was a minor upward move above the 23.6% Fib retracement level of the downward move from the $2,382 swing high to the $2,256 low. Ethereum price is now trading below $2,300 and the 100-hourly Simple Moving Average. Besides, there is a bear
Read full articleJPMorgan files JLTXX, an Ethereum money market fund for stablecoin issuers seeking Treasury-backed reserves under new GENIUS Act rules today
Ethereum digital asset treasury SharpLink is confident that institutional adoption is increasing despite bearish spot prices.
Solana failed to stay above $96 and corrected some gains. SOL price is now consolidating and might aim for another increase above $98. SOL price started a downside correction below $96 against the US Dollar. The price is now trading above $94 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $93.00 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend losses if it dips below the $92 zone. Solana Price Remains Supported Solana price failed to stay above $98 and started a downside correction, like Bitcoin and Ethereum. SOL dipped below $86 and $85 to enter a short-term bearish zone. There was a move below the 23.6% Fib retracement level of the upward wave from the $87.61 swing low to the $98.47 high. The price even tested the $93.65 support. Besides, there is a bullish trend line forming with support at $93.00 on the hourly chart of the SOL/USD pair. Solana is now trading above $94 and the 100-hourly simple
The leadership change in Ethereum's Protocol cluster could impact the network's scalability and upgrade timelines, influencing future innovations. The post Ethereum Foundation names new co-leads for Protocol cluster appeared first on Crypto Briefing.
Crypto platforms Ledger, Trezor, MetaMask, Keycard, WalletConnect, Argot and Fireblocks are among the earliest adopters and contributors to Clear Signing, aimed at ending “blind signing.”
XRP price started a recovery wave above $1.4250 and $1.4320. The price is now consolidating and might aim for a fresh move if it clears $1.4620. XRP price started a recovery wave above the $1.4320 zone. The price is now trading above $1.4350 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at 1.4620 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it settles above $1.4880. XRP Price Holds Support XRP price remained supported above $1.4180 and started a recovery wave, like Bitcoin and Ethereum. The price was able to climb above $1.4250 and $1.4320 to enter a short-term positive zone. There was also a move above the 23.6% Fib retracement level of the downward move from the $1.4876 swing high to the $1.4185 swing low. However, the bears could be active near the $1.4550 zone. Besides, there is a bearish trend line forming with resistance at 1.4620 on the hourly chart of the XRP/USD pair.
The court's decision enables Arbitrum DAO to engage in governance, potentially setting a precedent for legal frameworks in decentralized finance. The post Arbitrum DAO clears path to transfer $71M in frozen ETH to Aave appeared first on Crypto Briefing.
Bitcoin price started a recovery wave above the $80,500 zone. BTC is consolidating and might aim for more gains if it clears the $81,500 resistance zone. Bitcoin managed to form a base above $80,000 and started a recovery wave. The price is trading above $80,500 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $81,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might gain bullish momentum if it settles above the $81,500 zone. Bitcoin Price Eyes Fresh Upside Break Bitcoin price remained supported above the $80,000 zone. BTC formed a base and settled above $80,500 to start a recovery wave. There was a move above the $80,650 and $80,800 levels. The bulls were able to push the price above the 50% Fib retracement level of the downward move from the $82,100 swing high to the $79,844 low. However, the bears could be active near $81,250. There is also a bearish trend line forming with resistance at $81,500 on the h