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Binances lawyer urged the judge to dismiss all charges, arguing that the case lacks substance.
Top decentralized exchange (DEX) Uniswap has urged the US Securities and Exchange Commission (SEC) to drop its proposed attempt to expand the definition of an “exchange” to include DeFi markets, according to a July 9 letter. Last year, the SEC proposed expanding the definitions of an exchange to include participants in the DeFi markets. However, […]
The post Uniswap cites Supreme Court ruling to push back against SEC’s DeFi oversight appeared first on CryptoSlate.
The rise and fall of celebrity meme tokens: how these celebrity-backed tokens have dumped in the current bull market.
The announcement comes despite Nocturne raising $6 million in a funding round in October 2023.
A recent Supreme Court ruling has neutered administrative agencies ability to unilaterally enforce new substantial regulatory requirements.
The Supreme Court's overturn of the Chevron doctrine curtails the SEC's power over crypto, affecting regulatory approaches and enforcement.
The post Supreme Court overturns Chevron deference, reshaping crypto policy appeared first on Crypto Briefing.
The Supreme Court's overturn of the Chevron doctrine curtails the SEC's power over crypto, affecting regulatory approaches and enforcement.
The post US Supreme Court overturns Chevron doctrine, reshaping crypto policy appeared first on Crypto Briefing.
Render is on the move. Price statistics show that the coin is on an uptrend, rising by 50% in the last week due to surging trading volume. The uptick is primarily due to increased whale interest, which appears to be accumulating, moving RNDR from exchanges. At the same time, bulls are finding tailwinds following Apples [...]
The post Render Soars 50% In 1 Week: Whales Accumulating As Apple Jumps In appeared first on Crypto Breaking News.
The Hong Kong Monetary Authority alerts the public about fraudulent websites impersonating Octopus Cards Limited, urging vigilance to protect personal information. (Read More)
The Entry European Blockchain Convention was published first on CoinFabrik.
Crypto analyst Doctor Profit, who called the Ethereum price dump, is now providing a bullish outlook for ETH. Based on his analysis, now might be a great time to buy Ethereum, which has so far underperformed other top cryptocurrencies. Analyst Says ETH Is Now Undervalued Following Ethereum Price Dump In an X post, Doctor Profit stated that ETH is undervalued now following the Ethereum price dump. He noted that the leading altcoin is sitting at a historical support at $1,800, the same support he had predicted that ETH would dump to. With this massive correction and fear in the market driving Ethereum to this support level, the analyst claimed that the altcoin is undervalued now. Related Reading: Ethereum Price Forms Megaphone Bottom Not Seen Since 2020, Heres What Happened Last Time His analysis suggests that now might be a great time to accumulate ETH as the Ethereum price could rebound from this historical support. Indeed, some investors are already using this massive correction as an opportunity to stack up more coins. IntoTheBlock data shows that Ethereums Concentration metric is currently bullish, indicating that ETH whales are adding to their positions. Besides Doctor Profit, crypto analyst Astronomer also believes that ETH is currently undervalued and predicts that the Ethereum price could revisit $4,000. He highlighted several technical signals that indicate that the leading altcoin could reach these highs. The analyst also alluded to the $1,800 support, noting that this range has historically been a launch pad for price recoveries. However, crypto analyst Kledji has predicted that the Ethereum price could still drop to as low as $1,400 before rebounding. He stated that ETH will likely consolidate around this range for a while before it rallies to this $1,400 target later this month. His analysis suggested that the altcoins downtrend depended on Bitcoins performance. Therefore, if BTC recovers from this range, ETH will unlikely drop to that $1,400 level. ETHs Dominance Is On The Decline, But History Could Repeat Itself In an X post, crypto analyst Rekt Capital revealed that ETHs dominance has dropped from 20% to 8% since June 2023 as a result of the Ethereum price dump. He then noted that Ethereums dominance has historically reversed this 8% zone to become more market-dominant. The analyst then raised the possibility of history repeating itself, with ETH recovering well and enjoying a higher market dominance. Crypto analyst Crypto Patel is also confident that the Ethereum price will rebound soon. His accompanying chart showed that ETH could bounce from this $1,800 support and enter phase 3 of the Wyckoff chart, sending its price to as high as $6,800, a new all-time high (ATH). Related Reading: Ethereum Price: Analyst Predicts Most Hated Rally In Crypto At the time of writing, the Ethereum price is trading at around $1,800, up over 1% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com
A Bitcoin price prediction made exactly one month ago by popular crypto analyst Doctor Profit on social media platform X has unfolded with interesting accuracy. On March 21, Doctor Profit outlined a detailed price trajectory for Bitcoin, predicting specific price movements, resistance and support zones, and the influence of the M2 money supply. Fast forward to April 21, Bitcoin’s price movements have closely mirrored the analysts forecast, lending credibility to the remaining parts of his prediction. How Bitcoin Followed Doctor Profits March Forecast Doctor Profits analysis is based on Bitcoins response to changes in the M2 money supply, which he identified as a misunderstood indicator. He argued that although the market experienced an increase in liquidity starting in February, Bitcoin’s significant bullish rally from September 2024 onwards had already factored in this liquidity expansion, contrary to what most investors had expected. Related Reading: Bitcoin Price To Break $125,000 But Sell Everything In October, Analyst Warns Notably, Doctor Profit had previously highlighted a key technical level, the weekly EMA 50, also known as the Golden Line, at approximately $76,000. He expected a bounce from this level, projecting a move to the $87,000 to $88,000 region before another correction. Bitcoin followed this script almost exactly, crashing in the first few days of April before rebounding from around $76,000 on April 9. Now, Bitcoin has rallied back above $87,000, coinciding precisely with Doctor Profit’s prediction. Next Phase: Bitcoin Heading For Support Zone At $70,000 To $74,000 Now that Bitcoin has bounced and is trading above $87,000 again, Doctor Profits immediate next target is a potential crash towards $74,000 to $70,000, which is slightly below the highlighted Golden Line. According to the analyst, the markets behavior at this support zone will be decisive. It is at this zone that the Bitcoin price will reveal its next major directional bias. Related Reading: Bitcoin Enters Oversold Levels, Analyst Warns This Is Bearish, Not Bullish Doctor Profit laid out two clear scenarios based on Bitcoins reaction within the $74,000 to $70,000 price range. If Bitcoin experiences only a temporary wick into this range and manages a strong daily or weekly close back above the Golden Line, this would signal a reversal, and it would be prudent to close short positions and begin accumulating long positions. However, if Bitcoin closes below this crucial area, it could trigger a deeper bearish move, leading its price to significantly lower levels, possibly revisiting the $50,000 region under a worst-case Black Swan scenario. Notably, whichever bearish scenario plays out, it is expected to occur by April and likely into early May. Despite the current short-term bearish outlook, Doctor Profit maintained a bullish long-term view. He confidently predicted that the Bitcoin bull run would resume around May or June, eventually driving the price towards new all-time highs in the range of $120,000 to $140,000. At the time of writing, Bitcoin is trading at $87,526, up by 3.28% in the past 24 hours. The bearish outlook towards $74,000 would only be invalidated if Bitcoin successfully closes a weekly candle above the $100,000 level. Featured image from Adobe Stock, chart from Tradingview.com
The Entry Bitcoin 2024 Nashville was published first on CoinFabrik.
Bitcoin’s price crash from $97,000 in late February surprised most crypto market participants but not this analyst. The crypto analyst known as Doctor Profit, who previously warned of a correction when Bitcoin was approaching $97,000, recently released a new technical outlook that dissuades a bullish trajectory in the short term. In a breakdown shared on the social media platform X, Doctor Profit noted that the breakdown isn’t complete yet. This outlook comes from a former detailed analysis in which the analyst highlighted various Bitcoin price movements to watch out for, all of which have come to pass. Doctor Profit Says Bitcoin Market Dump Is Just Beginning Bitcoin has experienced ups and downs in the past few days with incredibly volatile movements. These ups and downs saw the Bitcoin price fall below $75,000 at the beginning of the week before spending the past four days on a recovery path towards $80,000. Amidst the price volatility, crypto analyst Doctor Profit clarified that he expects the current downward move in Bitcoins price to extend further. Related Reading: Crypto Analyst Warns Of Volume Drop That Could Trigger 60% Bitcoin Price Crash To $49,000 In a recent post on social media platform X, the analyst described the correction as a market massacre that is expected to continue, stating that the party just started. He revealed that he had placed his first buy orders within the $58,000 to $68,000 range, suggesting that the Bitcoin price would keep falling until it reaches this region. Rather than seeing the recent decline as a setback, the price action is a calculated part of the broader strategy which the analyst laid out in an earlier detailed analysis. Doctor Profits analysis is based on the M2 money supply, a macroeconomic metric he believes is widely misunderstood within the crypto space. Many traders have recently cited the uptick in M2 as a bullish signal for Bitcoin, assuming that more liquidity means an immediate surge in prices. However, the analyst stressed that timing is everything. He noted that Bitcoin tends to front-run traditional markets when responding to M2 increases, but even then, the reaction is not instantaneous. What To Expect With BTC He reminds his followers that in July 2024, he predicted a 50bps rate cut, which was considered highly unlikely at the time. Once that cut materialized in September, around the same time Bitcoin was hovering near $50,000, he labeled it extremely bullish and called for a major rally. As it turned out, the M2 money supply began expanding in February 2025, which aligned with his forecast. Yet, he cautions that while M2 is now climbing, its effect on Bitcoin will play out gradually. Related Reading: Bitcoin Price Mirrors Global M2 As Crypto Analyst Reveals May Timeline For Blast Off Looking at Bitcoins price behavior on the charts, Doctor Profit shifted his focus to the $70,000 to $74,000 range. He believes this range could either serve as a springboard for a fresh upward rally if a strong daily close occurs above the Golden Line around the weekly EMA50 or as a signal for a deeper downside if the price breaks beneath it. Should a more dramatic breakdown occur, the analyst advised scaling back and waiting for even lower entries around the $50,000 to $60,000 zone. Doctor Profit predicted that the bull run will not resume until sometime around May or June, with upside targets of $120,000 to $140,000. Bitcoin has managed to push above $81,000 after Donald Trump announced a 90-day pause on his ground-breaking tarriffs. At the time of writing, Bitcoin is trading at $82,000, up by 7% in the past 24 hours. Featured image from Unsplash, chart from Tradingview.com
The Entry Wiki Finance Expo Hong Kong 2024 was published first on CoinFabrik.
Bitcoin has extended its decline below $90,000 as on-chain data shows whales selling off in massive amounts. This price decline comes amidst the otherwise bullish news of Donald Trump signing an executive order for a Strategic Bitcoin Reserve (SBR). The lack of bullish momentum despite this has brought into play the possibility of an extended bearish move from here. A well-known crypto analyst, Doctor Profit, has raised alarms about an impending major correction in Bitcoins price. In a detailed post on social media platform X, he outlined his reasons for this shift, arguing that the current market conditions signal the start of the first large Bitcoin correction of this cycle. Strategic Bitcoin Reserve: A Misinterpreted Narrative? Popular crypto analyst Doctor Profit revealed that he is selling a significant portion of his holdings and entering short positions. Notably, the analyst pointed to the recent news surrounding the Strategic Bitcoin Reserve as a key factor that led him to reevaluate his bullish stance. He emphasized that while retail investors see this as a game-changing development, large players and whale investors have already priced in the impact. Related Reading: Legendary Analyst Peter Brandt Lists 6 Reasons Bitcoin Has Flipped Bullish Many crypto investors expected an accumulation of Bitcoin by the US government in order to strengthen the reserve. However, instead of the expected ensuing buying pressure on Bitcoin, the executive order focused on Bitcoin confiscated from previous seizures, which left bullish investors underwhelmed. According to Doctor Profit, the decision to sign off on this policy earlier than anticipated signaled a shift in market dynamics. His expectation was that this move would materialize months later, allowing Bitcoins price to sustain upward momentum before the first significant correction. Instead, he now sees this as the primer for a long-term decline. Is This The Beginning Of Bitcoins First Big Correction? Price Levels To Warch Doctor Profit firmly believes that Bitcoin has yet to experience a proper correction in this cycle, noting bull market trends where the asset has seen at least one 40-50% drop before reaching new all-time highs. He sees the recent developments as the final push before a 40% to 50% decline. As such, the analyst noted that this is the ideal window for distributing sell orders and entering short positions. Related Reading: Inverse Head And Shoulders Breakout Suggests Bitcoin Price Is Headed To $300,000 His outlook suggests a retracement to as low as $50,000$60,000 before Bitcoin resumes its long-term bullish trajectory. Breaking down his trading strategy, he disclosed that he has already sold 50% of his Bitcoin holdings, which he accumulated at $16,000. He has placed short orders within the $90,000$102,000 range, with target profits set at $74,000 for the first take-profit level, followed by a complete exit in the $50,000$60,000 region and a full buyback to double holdings. Despite his short-term bearish outlook, the analyst maintains that Bitcoin will eventually rally to new highs in the $120,000$130,000 range. At the time of writing, Bitcoin is trading at $86,530. Featured image from Unsplash, chart from Tradingview.com
Cryptocurrency expert and analyst Doctor Profit has identified regions that are vital for Bitcoin (BTC) presently, which could possibly propel the crypto asset’s price to unprecedented heights at a very fast pace. For the most part, the cryptocurrency community is concerned about the way that Bitcoin’s price has performed during the last week. Nonetheless, Doctor Profit’s latest weekly update on the crypto market and Bitcoin has provided optimism for investors within the crypto space. Bitcoin For A Massive Leg Up To $100,000 In his analysis, Doctor Profit explores the Life Cycle Assessment (LCA), psychological analysis, and technical analysis (TA) of Bitcoin’s recent performance. Drawing attention to the previous Sunday report, the analyst predicted a sideways movement for Bitcoin in the longer term. However, the largest cryptocurrency asset is currently moving in the indicated sideways region, as he points out. Related Reading: Bitcoin Real Pump Nears New All-Time Highs, Analyst Says The expert claims that some people are unable to see the wider picture playing out within the sideways movement. Due to this, they fail to understand that price fluctuations in the 20% range are normal and even beneficial for moves in big market caps. Thus, Bitcoin is preparing for its next big move, which will push prices over $80,000 and hit $100,000 at high speed. He noted that this bullish sideways movement is referred to as an accumulation area in trading terminology. During this stage, a convergence of profit-taking, incoming investment, and undecided money, practically leads to a mid-term consolidation. Consequently, he is bullish about the sideways trend and anticipates a looming upward surge. Furthermore, Doctor Profit underscored the significance of Bitcoin’s recent breakout above its previous all-time high (ATH) of $69,000, and the necessity of exercising patience as the coin consolidates close to its peak level. He stated: What many fail to understand is that Bitcoin just broke through its all-time high (ATH) in the last few weeks and is now slowly building support near the ATH region. People don’t realize that this is a process that takes weeks. Doctor Profit asserts that before continuing to rise and entering the super cycle, the market would spend weeks in the area of the Golden Bull. “After confirmation at $72,500, it won’t be long until BTC rises beyond $70,000 and enters the super cycle,” he added. Recent Retest Pattern Aligns With Past Trends Doctor Profit seems to be pleased with Bitcoin retesting its previous ATH level in the $60,000 range. He highlights the potential of Bitcoin and the slow transformation of the $60,000 resistance level into a solid support point, paving the way for the upcoming super cycle similar to other ATH breakouts. Related Reading: Bitcoin Pre-Halving Dip Expected: Will BTC Rally Before US Fed Decision? “Bitcoin now appears mature enough to withstand this pressure at $60,000 and maintain its above-average price without any difficulty,” he stated. Despite ongoing corrections, the analyst has urged investors to be confident, citing the Bitcoin Halving as a catalyst for an impending upward surge. Featured image from iStock, chart from Tradingview.com
Bitcoin, the world’s largest cryptocurrency asset, has finally entered a new price threshold, surpassing its previous all-time high (ATH) of $69,000, accomplished nearly three ago. Following the latest milestone, crypto enthusiasts and experts are very bullish on the digital asset, predicting further upward movement to unprecedented heights in the upcoming months. Bitcoin Super Cycle Area Set At $80,0000 Cryptocurrency analyst Doctor Profit has shared a positive forecast for BTC with the crypto community on the social media platform X. His analysis, tagged “Big Sunday Report,” delves into the next step that BTC is expected to take amid the general market optimism. Related Reading: Bitcoin To $240,000: Analyst Cites Key Narrative As Catalyst Doctor Profit’s projection is based on Technical Analysis (TA), Life-Cycle-Assessment (LCA), and Psychological analysis. Drawing attention to a previous forecast, Doctor Profit stated that a breakout above $48,500 would send the price “all the way to the old ATH very quickly.” Interestingly, this took place in a matter of weeks, at a swift pace. He highlighted that the breakout, which sent Bitcoin to exactly $60,000 as predicted weeks earlier, signaled the start of the “Golden bull phase.” According to the analyst, any movement in the range of “$48,500 to $70,000” right now is considered to be in the golden bull market. Meanwhile, “anything above $72,000” marks the beginning of the “Super Cycle Phase,” indicated by “significant green candle returns and surges.” The expert is confident that before the asset goes higher, it will maintain a “movement inside the golden bull and super cycle.” Specifically, these sideways movements will go on for a while, primarily between “$60,000 (Golden Bull area) and $80,000 (Super Cycle area).” Doctor Profit noted that the movement is not because Bitcoin seems weak or needs to be corrected. Instead, its rally was very swift making it difficult for big market cap altcoins to keep up with the crypto asset. Despite Bitcoin reaching a new peak, major altcoins like ETH, BNB, or SOL still have not been able to record significant inflows, suggesting a pending activation of a robust altcoin market. BTC To Move In Four Phase In This Bull Cycle So far, Doctor Profit expects Bitcoin to move in four distinct phases in this upcoming bull run. The experts underlined the first aspect, “signifying the conclusion of the bear market,” was between $16,000 and $25,000. Related Reading: Bitcoin Fee Shock: Network Charges Double Amidst Excitement Of $70,000 BTC He explains that the next phase, the “pre-bull market,” comprises two aspects. According to the analyst, the initial pre-bull step opened up “between $25,000 and $38,500,” while the second stretched between “$38,000 to $48,000.” Meanwhile, from “$48,000 to $70,000 is when the golden bull phase began.” This, he expects, to lead to the Super Cycle area that will “last from $72,500 to unprecedented levels.” Currently, the price of Bitcoin has increased by over 3% in the last 24 hours, trading at $72,139. Its trading volume and market cap are also showing strength, rising by 78% and 3% respectively. Featured image from iStock, chart from Tradingview.com
According to a recent white paper published by four members of the law firm Cooper & Kirk, PLLC, U.S. bank regulators are attempting to “drive crypto businesses out of the financial system.” The paper, titled “Operation Chokepoint 2.0,” claims that after laying the groundwork by labeling lawful businesses as “reputationally risky,” federal bank regulators, with [...]
The post Law Firm’s White Paper Claims US Bank Regulators Are Waging a ‘Clandestine Financial War’ Against Crypto Businesses appeared first on Crypto Breaking News.
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