Ethereum News Official TheBitTimes.com

As the trial of Tornado Cash developer Roman Storm continues into its second week, crypto forensics experts have raised doubts over the credibility of evidence presented by the prosecution. Independent investigators decry clumsy tracing efforts, the use of a report from a dodgy forensics company shut down by the feds, and dirty tricks from the prosecution, in what many characterize as a battle for code as free speech Calls for mistrial after ‘bumbling’ efforts to trace funds After Storm’s lawyer David Patton called for a mistrial at the end of Monday’s session, blockchain sleuths dug deeper into what the prosecution presented as the laundering of scam victim’s funds through the Tornado Cash mixer. The validity of testimony presented by the government’s first witness, Katie Lin, was scrutinized over the weekend by MetaMask’s Taylor Monahan, who has spent years tracing funds from large-scale pig butchering schemes, such as the one Lin fell victim to. Monah...

Several pro-crypto legislations have been approved as of last week, sending bullish sentiment throughout crypto, including in Chainlink (LINK). The LINK cryptocurrency is up over 23% in the past week, thanks to Bitcoin’s rally and the approval of the GENIUS, CLARITY, and Anti-CBDC acts. With LINK’s ongoing climb, analysts are hiking up their price forecasts for the asset, projecting a hike to $23 within the next few weeks, fueled by a potential price retest. There has been plenty of whale movement around Chainlink in the past week, contributing to LINK’s rise. According to crypto expert Ali-charts on X, whales have purchased over 8 million LINK tokens in the past month. LINK’s price rose over 58% during that span, and remains up 2% on Monday. In addition, the on-chain analytics platform IntoTheBlock reveals that whale participation is still rising despite the ongoing price rally. Data shows that transactions ranging from $1 million to $10 million have surged by over 1,...

Non-fungible tokens, spearheaded by the Ethereum-based non-fungible token series, have started shining again after taking a short breather in the past few weeks. In yet another week, the global NFT market has recorded positive gains, signifying NFT market revival. In the past seven days, the NFT market has raised a trading sales volume of $165 million, up 14% from the past week. NFT sales Spike +14% This Week Data compiled by CryptoSlam.io, an on-chain crypto market data aggregator and a multi-chain non-fungible token collection explorer, indicates that the global non-fungible token market has slightly surged this week. From July 14 to July 21, the non-fungible token market has recorded a trading sales volume of $165 million. During this time, the NFT market sales volume has surged by 14% from the past week. Ethereum, the blockchain network known in the global NFT market for hosting the majority of blue-chip non-fungible token collections, has been the most traded blockchain ne...

The XRP 1000 dollars question has been catalyzing intense debates among crypto investors, and right now, expert Analysis is revealing some conflicting perspectives across various major financial sectors. While XRP price prediction models are suggesting mathematical impossibility, some analysts actually argue that will XRP hit $1000 depends more on institutional adoption rather than traditional XRP market cap constraints through several key market mechanisms. Understanding XRP’s future value requires examining both the mathematical barriers along with the emerging institutional demand that’s spearheading current speculation across numerous significant investment areas. Also Read: XRP ETF Launch Triggers $1.7T Race as RLUSD Flips TrueUSD What Experts Say About XRP Hitting1000 Dollars Price & Future Value Source: CryptoSlate Mathematical Reality Behind Market Cap Requirements The XRP 1000 dollars valuation is facing substantial mathematical hurdles that financial experts have...

The price of Bitcoin reached another significant milestone due to a calmer geopolitical context, soaring above $110,000 for the first time in two weeks. But this gain doesn’t seem to be a simple technical rebound: it rather looks like something substantially more bullish might be afoot in the crypto market. Relations between the U.S. and China are definitely turbulent, but some recent easing seems to have restored enough confidence in markets overall for the crypto bubble to reinflate. The new phase that the cryptocurrency market is entering is one of measured euphoria. It is far from a record, certainly, but at a quite good level (which is now upwards of $103,000), and it's not just Bitcoin price rising : many top tokens are rising again in price. The market has been boosted by the liquidation of over $300 million in short positions in just 24 hours, almost $200 million of which were on Bitcoin itself. The negative funding that preceded the rally reflected a market heavily ...

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According to Nansen data, the Donald Trump-backed company, World Liberty Financial, has purchased $10 million worth of Ethereum (ETH). The purchase coincides with the asset experiencing a hefty price surge. ETH’s price has reclaimed the $3300 level, rallying 7.3% in the last 24 hours. The second-largest crypto by market cap has also risen 20.3% over the past week, 30.3% in the 14-day charts, and 28.1% over the previous month. While the rally has come as a sigh of relief for investors, ETH is still down by 4.2% since July 2024. Source: CoinGecko Ethereum Moving Full Steam Ahead Source: Watcher.Guru ETH’s latest rally comes amid a market-wide resurgence. The cryptocurrency market broke out after Bitcoin (BTC) hit a new all-time high of $122,838 on July 14. Ethereum (ETH) and Bitcoin (BTC) have seen constant institutional inflows over the last month. The surge in institutional inflows is the likely reason behind the latest market rally. Donald Trump-backed World Liberty Financi...

Stellar (XLM) has been on a run, skyrocketing 70% in a week to break the $0.40 price barrier and adding over $6 billion to its market cap. The upswing was backed by strong trading volume, signaling renewed interest among retail and institutional traders. Thanks to the record momentum, XLM became the second highest gainer among the top 100 cryptocurrencies by market cap during the same time frame, according to CoinMarketCap . At press time, XLM was trading at $0.4631, down 1% in the previous 24 hours. XLM 24-hour price performance. Source: CoinMarketCap XLM performance analysis Looking at it from a technical perspective, a confirmed Elliott Wave breakout has emerged as the primary catalyst.  As per the data on CoinMarketCap , analysts have identified the completion of a five-wave structure, with wave (v) projected to drive XLM toward $0.799.  Beyond the charts, Stellar is riding a wave of renewed institutional interest propped up by its inte...

Catering to the short attention span of retail investors in Michael Saylor’s bitcoin (BTC) treasury company MicroStrategy (MSTR), a new fund manager is advertising weekly payouts plus extra leverage . Although monthly payouts have been available in YieldMax’s ETF MSTY since February 2024, Roundhill wants to increase that cadence 4X with its upcoming fund, MSTW. In addition to weekly payouts, the Roundhill MSTR WeeklyPay ETF will also leverage synthetic derivatives to hopefully surpass MSTR’s calendar week price return by an extra 20%. To accomplish these feats, the new ETF will obtain investment exposure exceeding the net assets in its fund with lots of leverage. Investors will suffer magnified losses in bearish market conditions: at least 1.2% in losses for every 1% weekly decline in the price of MSTR, plus the fund’s operating and financing costs, and trading commissions. In its Form N-1A registration statement with the Securities and Exchange Commission (SEC), ...

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$PENGU, a globally acknowledged meme coin and native token launched by the creators of the popular Pudgy Penguins non-fungible token on the Solana blockchain network, has seen its floor price surge +90%. In the past 24 hours, the $PENGU price has skyrocketed from as low as $0.02315 to as high as $0.03208. At the time of writing, $PENGU is now exchanging hands at around $0.02891. Source: CryptoMarketCap.com $PENGU SEC Reviews First NFT-memecoin ETF $PENGU started skyrocketing over the weekend after the United States Securities and Exchange Commission acknowledged the “First NFT-backed ETF” application, marking a major step for crypto-linked funds. By description, a cryptocurrency exchange-traded funds offer a new way to gain exposure to crypto or NFT collections without buying and storing the digital assets yourself. In a July 9 blog post, the United States Securities and Exchange Commission confirmed that the Canary Capital Group, one of the leading digital asset an...

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