Heres what the different on-chain indicators from Santiment have to say about whether Pepe Coin could see another pump soon or not.

The Memecoins On-Chain Metrics Have Been Down Since The Top

PEPE has been one of the hottest topics around the cryptocurrency market recently, thanks to the explosive growth that the meme coin has enjoyed. Between the end of last month and the 5th of May, the coin saw its price rise by an extraordinary 1,200%.

The uptrend, however, ended there and the cryptocurrency has been sharply plunging since then. According to Santiment, the on-chain analytics firms social dominance indicator signaled this top in advance.

Social dominance tells us what percentage of the discussions happening on social media related to the top 100 cryptocurrencies by market cap are talking about a given coin.

As the below chart shows, Pepes social dominance rose to very high values just before the top took form earlier in the month.

Whenever social dominance hits high levels, its a sign of euphoria among investors, which is something that has historically led to top formations for cryptocurrencies.

Santiment notes that the indicator still has a value of about 5%, meaning that 5% of all discussions related to the top 100 assets involve the meme coin currently.

Seeing it get down to the 1-2% range would be a good sign that traders are beginning to stray away and look for pumps from other altcoins, the firm explains.

The active addresses metric, which measures the total number of unique addresses taking part in some transaction activity on the blockchain, also saw a spike just before the top.

When this indicator has a high value, it means a large number of investors are making trades right now. The price generally becomes more likely to get volatile when the metric shows such a trend.

From the chart, its visi...

BTC price falls below the 55-day support level at $27,000, but futures market resilience sparks hope for a recovery toward $28,000.

Crypto natives and newbies alike came together to build community and share alpha on the latest in music technology and decentralization.

Strategies like using strong passwords, enabling 2FA, avoiding phishing, using VPNs, keeping software up-to-date and using reputable antivirus may help one against online fraud.

Pepecoin is a new meme-inspired cryptocurrency that's growing faster than Shiba Inu in its early days thanks to some big-name exchange listings.

The Ethereum price consolidation weakened as the bulls lost momentum, resulting in a nearly 4% loss in the last 24 hours and a 7% decline on the weekly chart. The technical analysis indicates considerable bearish pressure.

The coins value remained stagnant at around $1,800, leading to waning interest from buyers and a significant decrease in demand and accumulation. As Bitcoin dropped below $26,000, major altcoins also experienced significant declines on their daily charts.

To break its resistance, Ethereum requires substantial buyer participation, as failure to do so could lead to the loss of a crucial support level.

Additionally, Bitcoin must recover and reach the $27,000 zone to initiate a short-term recovery for ETH. The declining market capitalization of Ethereum suggests a gradual departure of buyers from the market.

Ethereum Price Analysis: One-Day Chart

At the time of writing, ETH was priced at $1,770. After struggling around the $1,800 range, selling pressure eventually took over. The coins resistance levels were identified at $1,798 and $1,821. Conversely, if the price continues to decline, the bulls will attempt to defend ETH at $1,740.

However, a failure to hold above $1,740 would push Ethereum down to $1,690. A further drop would breach the $1,540 support line. Additionally, the recent session saw a significant increase in selling strength, reflected by the red volume of Ethereum traded.

Technical Analysis

Developers are working on ways to get rid of seed words and even private keys, while still keeping users in control.

(Julian Hochgesang/Unsplash)

New and old bitcoin mining rigs at CleanSpark's site in Georgia. (Eliza Gkritsi/CoinDesk)

The EU is set to agree new crypto tax laws (Ralph/Pixabay)

Coinbase CEO Brian Armstrong and Ripple CEO Brad Garlinghouse also expressed their sentiments over US regulation at the Dubai Fintech Summit.

While disinformation is an ongoing issue that social media has only contributed to, AI could make it much easier for bad actors to spread disinformation.

The crypto market experienced a significant downturn over the past 24 hours, leading to a total liquidation of over $140 million as Bitcoin (BTC) continues its downtrend. According to data from Coinglass, a record of approximately 57,585 traders have been liquidated, and the total value is still counting.

Notably, traders that are currently experiencing major losses with the overall downward trend of the crypto market are those who have taken long positions, speculating that the market will eventually trend upwards.

Largest Liquidations On OKX And Binance

Digital asset exchanges OKX and Binance recorded the largest amount of liquidations, accounting for $48.3 million and $44.94 million, respectively. The data further reveals that long liquidations amounted to approximately $114.8 million of the total liquidations, whereas short liquidations were $29.8 million. 

Long liquidations accounted for 79.39% of the total liquidations in the past 24 hours while short liquidation accounted for 25.96%. Bitcoin (BTC) was the most affected cryptocurrency, accounting for $50.97 million of the total liquidation. 

Altcoins such as Ethereum (ETH) closely followed, with $30.29 million in liquidations, while the frog-themed meme coin PEPE accounted for over $7 million. Meanwhile, the largest single liquidation occurred on OKX with a BTC-USDT swap valued at $2.61 million.

It is worth noting these figures confirm that the ongoing market downturn is affecting both long and short positions.

Bitcoin And PEPE Plunges

The global crypto market cap has also slumped below the $1.2 trillion mark with a value of $1.14 trillion at the time of writing, down by nearly 2.5% in the last 24 hours.

This decline follows the plummet from Bitcoin and the recently hyped memecoin PEPE which plunged over 20% in the past 24 hours with more than $100 million subtracted from its market capitalization.

Interestingly, PEPEs trading volume has surged in the past 24 hours indicating a possible violent sell-off. Its daily trading volume has moved from $408 million as of yesterday to $647 million in the last 24 hours.

Top crypto Bitcoin has also lost more than $20 billion from its market cap in the past 24 hours, down by nearly 4%, indicating selling pres...

Terraform Labs CEO Do Kwon on CoinDesk TV in December. (CoinDesk)

TV (Pexels/Pixabay)

(Eva Blue/Unsplash)

The Montenegro court accepted the offered bail of $436,000 per person for Do Kwon and his former aide Han Chang-joon.

Bitcoin is setting up a classic four-year buying opportunity, commentators say, with the next halving just one year away.

This is an opinion editorial by Hector Alvero, a Bitcoin educator who serves as co-host of the Broward County Bitcoiners meetup.

As Bitcoiners, we love the exhilarating feeling of bringing a new person into the Bitcoin lifeboat. Many of us constantly work to orange pill our friends, our coworkers and our neighbors, trying to save as many as we can before the fiat ship sinks. We'll even try to orange pill the waiter at our favorite local restaurant, helping them download a Lightning wallet and offering to give them a bigger tip to help them "get off zero."

But what about your mom? Have you given her the same gift that youve given to the Uber driver who took you home from your last conference or meetup? Have you taken the time to help her understand the impact that inflation is having on her economic security, and how Bitcoin can protect her from the financial earthquake that is coming? Have you helped her understand what money is and why Bitcoin is the greatest savings technology ever discovered?

If you have, I applaud you. If you haven't gotten there yet, this Mother's Day is the perfect time to show her that you love her enough to spend the time it takes for her to understand Bitcoin.

You might be thinking, "I already tried, and she didn't get it." I can sympathize with that. My mom didn't get it right away, either. She said it sounded like a Ponzi scheme and that it couldn't be money because it wasn't real or backed by anything.

Maybe you have heard some of these same objections. Maybe you are frustrated and figure you should just let it go. If so, ask yourself this question: How many times has your mom explained something to you that you didn't understand at first? She likely did not just give up on helping you learn and grow. Are you going to quit on her now when her entire future is at stake? Of course not you're a Bitcoiner.

Think back to when you first heard about Bitcoin. Did...

Max Kordek, the co-founder and CEO of Lisk recently announced via Twitter that the Lisk Foundation will convert 1,000 Bitcoin (BTC) to Ethereum (ETH) in the next 10 weeks, which will be held as part of the foundations long-term treasury. As Kordek explained in a commentary, the Lisk Foundation wants to stake its ETH, but it wont happen right away.

The project gained wider notoriety during the Initial Coin Offering (ICO) craze in 2016 and 2017. At the time, the decentralized apps platform raised 14,000 Bitcoin. That sum was worth about $5.7 million at the time, making the campaign the second most successful cryptocurrency crowdfunding to that point.

With a market cap of $106 million, the Lisk Token (LSK) ranks 195th among the largest cryptocurrencies according to CoinMarketCap today. At press time, LSK was trading at $0.828 and is down 5.7% in the last 24 hours.

Reasons Why Lisk Is Converting Bitcoin To ETH

Lisk Foundation will sell 1,000 BTC in chunks of 100 BTC per week to reduce risks with related third parties. Subsequently, the purchased ETH will be deposited into a 2-of-3 multisig account, with each Lisk Foundation board member holding one key each.

Notably, the project will keep 500 BTC, which the co-founder said will be used to pay expenses in 2024 and 2025. Moreover, Kordek added that the Lisk Foundation has about enough fiat until the next Bitcoin halving.

According to Kordek, there are three reasons for this move: first, the tweet states that Ethereum is the largest blockchain platform in the world. Treasury-wise we want to go where blockchain applications are being built, Kordek wrote, emphasizing as a second reason that ETH has acceptable risks from a Treasury wise point of view.

Third, he said, it allows for a sustainable, long-term return (via staking). Treasury-wise it makes sense to go into an appreciating, deflationary, yield-generating asset, Kordek said.

The Lisk Foundation is exchanging 1000 BTC into ETH over the next 10 weeks and will hold onto them as part of its long-term treasury.

Continue reading to learn more..

How:

The 1000 BTC are being sold in chunks of 100 BTC per week to reduce risks with associated

Max Kordek (@maxkordek) May 11, 2023

Will It Have An Impact On BTC Price?

Even though the Bitcoin and crypto market is very...

Both HSBC and Scotiabank have not been supportive of cryptocurrency adoption in recent years.

Officials in Romania have created and employed an AI-powered robot to source community concerns and turn the collected data into policy recommendations.

Texas lawmakers vote to add digital currency to the states Bill of Rights, granting individuals the right to use digital currencies like Bitcoin for trading.

(Shutterstock)

BTC price action is now retesting its key 200-week moving average after holding it as support since March.

Ethereum (ETH), the worlds second-largest cryptocurrency by market capitalization, has been experiencing a period of volatility in recent days.

After hitting the $2,000 mark last month, the price of Ethereum has dropped sharply, falling below the $1,800 level on multiple occasions. 

This has left investors wondering whether the bulls will step in to save the day and push the price back up.

The cryptocurrency market as a whole has been experiencing a period of uncertainty, with many investors questioning the sustainability of the recent bull run.

Despite these challenges, Ethereum has remained a key player in the cryptocurrency ecosystem, with many investors remaining bullish on its long-term prospects.

Ethereum (ETH) Value Drops As Market Volatility Persists

According to CoinGecko, Ethereums current price has taken a sharp dive, plunging to $1,760. This marks a significant 24-hour decline of 3.2% and a week-long decrease of 7.2%. This comes after Ethereum made a new high in mid-April, surpassing $2,100. 

Although it experienced a retracement, the $1,800 support level prevented further decline and has remained stable for the past two weeks, provided Bitcoin does not drop below $27,000.

If Ethereum experiences aggressive demand at its current levels, the $1,800 support level may come to the bulls rescue. However, if Bitcoin drops to $26,000, Ethereums support level could crack, exposing it to further selloffs. 

In such a scenario, Ethereum could retreat to lower support levels at $1,700 or even $1,500. Its worth noting that upper resistance levels to consider are at $2,000 and $2,100.

Market-Wide Selloff Blamed For ETH Retreat

As the cryptocurrency market continues to experience volatility, investors are keeping a close eye on Ethereums price movements. With the current drop below $1,800, many are wondering where Ethereum is heading next.

Some analysts believe that Ethereums decline is a result of a market-wide sell-off, driven by concerns over Bit...

<p>Shiba Inu (SHIB) experienced a decline in social dominance over the past week, indicating a decrease in popularity for the meme coin. Despite being oversold based on its Relative Strength Index (RSI), other indicators were bearish, suggesting a potential further decline in price. </p> <p>However, SHIB has a history of responding rapidly to updates within its ecosystem, and a forthcoming Shibarium update could potentially reverse the downward trend.</p> <p>With the release of the Shibarium update, there may be a potential opportunity for the coin to regain its footing and improve its market performance.</p> <h2><strong>Shiba Inus Shibarium Update Makes Progress</strong></h2> <p><a href= "https://twitter.com/LucieSHIB/status/1656274670998667264" rel= "nofollow">In a tweet</a>, Shiba Inu-focused account Lucie unveiled new details about the much-anticipated Shibarium update for Shiba Inu. According to the tweet, the Shiba Inu team is currently working on implementing VOR and OoO on the Shibarium beta testnet. The next step will be to deploy the 0o0 and VOR Router smart contracts on Shibarium Layer 2 and then activate the Oracle applications to fulfill data requests.</p> <blockquote class="twitter-tweet"> <p dir="ltr" lang="en"><a href= "https://twitter.com/hashtag/ShibariumBETA?src=hash&ref_src=twsrc%5Etfw" rel="nofollow">#ShibariumBETA</a> UPDATE May 2023</p> <p>OoO& VOR Deployment on Shibarium testnet

We are currently in the process of deploying both VOR and OoO on Shibarium beta testnet. To date, we have deployed the FUND Test token on Shibarium beta testnet, and have successfully bridged L1 to L2. We <a href="https://t.co/CWwgC4j0ht" rel= "nofollow">pic.twitter.com/CWwgC4j0ht</a></p> <p> (@LucieSHIB) <a href= "https://twitter.com/LucieSHIB/status/1656274670998667264?ref_src=twsrc%5Etfw" rel="nofollow">May 10, 2023</a></p> </blockquote> <p>Furthermore, the team has made headway in transferring FUND test tokens between L1 (Goerli) and L2, which is a significant development. As of now, the FUND Test token has been deployed on the Shibarium beta testnet, and L1 has been successfully bridged to L2.</p> <p><img class="aligncenter size-medium" height="979" src= "https://www.tradingview.com/x/pcXEKUjg/" width="2047"></p> <p>This update indicates that the Shibarium project is making steady progress towards its launch. With the deployment of smart contracts and the successful transfer of test tokens, the team is one step closer to bringing the full potential of the Shibarium to the Shiba Inu ecosystem.</p> <h2><strong>Shiba Inu Price Reaction</strong></h2> <p>Investors and analysts had hoped that the Shibarium update would provide the much-needed boost to Shiba Inus market performance. However, i...

Ethereum price is moving lower below the $1,800 support against the US Dollar. ETH could accelerate lower toward the $1,650 support in the near term.

• Ethereum is currently moving lower from the $1,850 resistance zone.
• The price is trading below $1,820 and the 100-hourly Simple Moving Average.
• There is a major bearish trend line forming with resistance near $1,800 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could start a decent increase if there is a move above the $1,800 and $1,830 resistance levels.

Ethereum Price Turns Red

Ethereums price failed to start a recovery wave above the $1,850 resistance zone. ETH remained in a bearish zone and traded below the $1,830 support, similar to Bitcoin.

The decline was such that the price even broke the $1,800 support. A new weekly low is formed near $1,770 and the price is now trading in the red zone. Ether is well below $1,820 and the 100-hourly Simple Moving Average. There is also a major bearish trend line forming with resistance near $1,800 on the hourly chart of ETH/USD.

Immediate resistance is near the $1,800 level or the 23.6% Fib retracement level of the recent decline from the $1,888 swing high to the $1,770 low.

The next resistance sits near $1,830 or the 50% Fib retracement level of the recent decline from the $1,888 swing high to the $1,770 low, above which Ethereum could test the 100-hourly Simple Moving Average.  If there is a move above the $1,830 and $1,840 resistance levels, the price might rise toward the $1,880 level. Any more gains above the $1,880 resistance zone could start a decent increase toward the $1,920 resistance.

More Losses in ETH?

If Ethereum fails to clear the $1,830 resistance, it could continue to move down. Initial support on the downside is near the $1,770 level.

The next maj...

Valuation trends in the report are mixed, with seed rounds up 33.3% and late-stage rounds up 209.2% compared with 2022; however, early-stage rounds are down 16.7%.

After a new travel-focused blockchain hit the scene, major players in the industry are beginning to pivot to integrate Web3 technology.

Hive Blockchain's ethereum mining facility in Boden, Sweden. (Sandali Handagama/CoinDesk)

Bitcoin price continues to fall, dragging the broader crypto market down with it. BTC is down 4.52% in the last 24 hours, while ETH is down 4.10%. With a current price of $26,289, Bitcoin records its lowest value since March 14 this year, when the price dipped as low as $26,544.

Why Is Bitcoin And Crypto Down?

As always, the reasons for the deep pullback of the Bitcoin price are complex. Remarkably, there was actually good news on Wednesday, May 10, as the CPI continued to fall causing the Bitcoin price to rise as high as $28,317.

However, then fake news about an alleged sale of 9,800 BTC by the U.S. government shook the market. The Bitcoin price flash crashed as a result and has seemingly not been able to recover since. But this narrative is only half the story.

A variety of other factors are currently weighing on the crypto market: the dollar index (DXY) is currently experiencing a bounce and was recently able to hold above the historically important support, the liquidity issue intensified once again with the departure of US market makers Jump and Jane Street, BTC formed a (supposed) head and shoulders pattern in the 1-day chart, the congestion of the Bitcoin and Ethereum blockchains and last but not least a lot of FUD (US government selling, Binance US and Grayscale).

Not surprisingly, uncertainty in the Bitcoin and crypto market is currently quite high. The Dollar Index (DXY) is currently hovering above historically crucial support at 101.8. Since early April, DXY has already been suspiciously close to support, but has so far been able to fend off any attack from the bears.

As Christopher Inks of Texas Wet Capital writes, the DXY saw another move higher yesterday (to 102.056) and is currently preventing a rally in risk assets:

The $DXY rally is making longs difficult this morning. So, if youre trying to get long on risk-off assets its best to wait and watch for a bit.

Liquidity Issues, A Bearish Chart Pattern And FUD

Another bitter blow to the crypto market on Tuesday was the news of Jump and Jane Streets departure from the U.S. crypto market. The move by the two major market makers comes as a result of regulatory uncertainty in the US.

As NewsBTC reported, liquidity has been a huge problem before, which could now get worse. Due to low liquidity, higher volatility is likely as larger buy and sell orders move the market faster.

In addition, a (supposed) head and shoulders pattern on Bitcoins 1-d...

Bitcoin's price (CoinDesk Indices)

Milady 8835 last sold for 0.35 ETH (about $1,000) on OpenSea. (Art by Remilia, modified by CoinDesk.)

Changpeng Zhao ,CEO of Binance, at Consensus Singapore 2018 (CoinDesk)

JPMorgan CEO says the Fed should be less focused on adding more rules and regulations for banks and more on fixing the banking crisis.

Daniel Friedberg, the former top compliance chief for FTX and FTX US, has provided a declaration that could support the lawsuit.

1.00 AUD = 0.00003 BTC
0.00010 BTC = 3.95 AUD
Converter

0.00010 BTC = 2.64 USD
1.00 USD = 0.00004 BTC
Converter

For a lucky few, memecoins can provide a path to wealth, but for others, theyre simply a risky gamble, Matrixports Markus Thielen tells Cointelegraph.

Changpeng Zhao is the crypto exchanges founder, majority owner and chair. He is also the CEO and co-founder of the global crypto exchange, Binance.

Bitcoin price is moving lower below the $28,000 level. BTC is at risk of a downside break toward the $25,000 support in the near term.

• Bitcoin struggled to recover above the $27,500 and $27,800 resistance levels.
• The price is trading below $27,500 and the 100 hourly Simple moving average.
• There are two bearish trend lines forming with resistance near $27,000 and $27,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could continue to move down if it breaks the $26,750 support zone.

Bitcoin Price Extends Decline

Bitcoin price failed to start a recovery wave above the $27,800 level. BTC remained in a bearish zone and settled below the $27,500 support zone.

The bears were able to push the price below the $27,000 level. A low is formed near $26,720 and the price is now showing a lot of bearish signs. It is still trading below $27,500 and the 100 hourly Simple moving average. There are also two bearish trend lines forming with resistance near $27,000 and $27,800 on the hourly chart of the BTC/USD pair.

Bitcoin price is likely to face sellers near the $27,000 level or the 23.6% Fib retracement level recent drop from the $28,335 swing high to the $26,720 low.

The next major resistance is near the $27,350 level. The main resistance is now forming near the next trend line and $27,800. It is close to the 50% Fib retracement level recent drop from the $28,335 swing high to the $26,720 low.

Source: BTCUSD on TradingView.com

A close above the $27,800 resistance and the 100 hourly Simple moving average might start a decent increase. The next key resistance is near $28,000, above which the price might climb toward the $...

The largest business organization in the world has thrown its weight behind Coinbase in its fight against the SEC.

The parent company of the defunct Silvergate Bank disclosed significant staff cuts and the delisting of its securities in an SEC filing.

(Gerhard Reus/Unsplash)

The Ethereum mainnet briefly stopped finalizing transactions but recovered after 25 minutes.

Elon Musk (Daniel Oberhaus/Flickr)

Memes come and go, but greed, harassment and community are stalwarts of the crypto industry.

IRS wants $38B in unpaid taxes from Alameda, Milady token surges 3,000%, restraining order for Arthur Hayes over 3AC threatening words.

The letter criticizes the proposed rule for its impact on the banking industry, particularly in ways that would be disadvantageous to the digital asset industry.

Rep. Patrick McHenry (R-N.C.) (Suzanne Cordeiro/Shutterstock/CoinDesk)

A red cube stands in a row of green spheres (Getty Images)

The integration will allow users to instantly convert cash to stablecoin for use in DeFi protocols.

The Securities and Exchange Commission (SEC) is facing criticism from the United States Chamber of Commerce over its lack of clarity regarding which digital assets are securities under federal law. This issue has immense implications for every person involved in the $1 trillion digital-asset economy, a court filing by the Chamber states.

According to the filing, the SEC has refused to engage in any systematic process or rulemaking to explain what its claimed authority means, instead offering one-off enforcement actions and public speeches. This has created regulatory uncertainty and destabilized the regulatory environment for digital assets.

In July 2022, Coinbase petitioned the SEC to initiate a rulemaking regarding digital-asset securities. It urged the Commission to answer basic questions such as "which digital assets are securities?" More than 1,700 commenters echoed Coinbase's call, but the SEC expressed no interest in addressing Coinbase's request, according to the Chamber. Coinbase then pursued a lawsuit against the SEC in order to compel the regulator into action, which is where the filing by the U.S. Chamber of Commerce comes from.

The SEC's Chairman has asserted that the securities laws are unambiguous as applied to blockchain-based digital assets. Despite constructively denying Coinbase's petition, the SEC has refused to memorialize its decision in a formal response.

According to the Chamber, the SEC's lack of clarity has caused economic harm to both Coinbase and the broader business community. The uncertainty deters productive conduct and stifles innovation and undermines broader American economic and strategic interests. Continued uncertainty also has implications for the nation's geopolitical interests and the continued primacy of the dollar, given the increasing relevance of digital assets to international monetary policy.

The SEC's refusal to engage in rulemaking or respond to Coinbase's rulemaking petition has destabilized the regulatory environment for digital assets, the Chamber states.

Agencies ordinarily provide regulatory clarity by promulgating rules of general applicability, the filing says. This preference for rulemaking has important benefits: It forces agencies to put to paper their regulatory plans, and it provides for fixed, prospective effective dates that ensure parties can bring their conduct into conformance with the law rather than be held liable later for violating duties they did not know existed.

Return of funds does not apply to users of interest-bearing accounts, ruled U.S. Bankruptcy Judge Michael Kaplan.

A new Web3 initiative aims to build a ChatGPT-style artificial intelligence system on the blockchain.

The Kenya-based company already has 3 million mobile phone users in Ethiopia and plans to make it the 10th country where the payment service will be available.

(Unsplash)

The soon-to-be-former CEO will become Twitters executive chair and chief technology officer, overseeing product, software and system operations.

(Rachel Sun/CoinDesk)

Bitcoin: Long term holder net position change (Glassnode)

Ethereum is working on its next thing. (Natalilia Mysik/Getty Images)

(Anthony Kwan/Getty Images)

(Sage D. Young/CoinDesk/CCData)

Polychain CEO Olaf Carlson-Wee (Danny Nelson/CoinDesk)

Marathon Digital Holdings, a public Bitcoin miner, has received another subpoena from the Securities and Exchange Commission (SEC) regarding whether there were possible violations of federal securities law in agreements related to a Hardin, Montana data center facility that Marathon built. 

The Company and certain of its executives received a subpoena to produce documents and communications, related to the facility in the third quarter of 2021, a quarterly filing by the company stated.

In that agreement, Marathon issued 6,000,000 shares of restricted Common Stock, in transactions exempt from registration under Section 4(a)(2) of the Securities Act of 1933. However, the company filing revealed that it recently received another subpoena from the SEC on April 10, 2023, relating to, among other things, transactions with related parties."

The company says it is cooperating with the investigation. The facility in Montana was designed to have up to 100-megawatts of power, according to the filing.

Marathons stock price has been volatile in recent months, reflecting the ups and downs of the bitcoin market, however, the stock has generally followed an upward trend since early 2021, as the value of bitcoin has risen.

(Chris Torres)

(Scott Rodgerson/Unsplash)

U.S. Securities and Exchange Commission Chair Gary Gensler (CoinDesk screen grab from video)

Bitmain Antminer S19 Hydro mining rigs, the company's latest technology, installed at a Merkle Standard facility in Washington state. (Eliza Gkritsi/CoinDesk)

The largest of the claims includes a $20.4 billion claim against Alameda Research LLC, which details nearly $20 billion in unpaid partnership taxes.

(serggn/GettyImages)

Fred Thiel. (CoinDesk)

Terra Community AMA with Do Kwon (April 2021) (Terra, modified by CoinDesk)

Pepe the Frog Meme Gallery (Danny Nelson/CoinDesk)

Pepe the Frog Meme Gallery (Danny Nelson/CoinDesk)

(Natalya Burova)

(Meg Boulden/Unsplash)

(Andrei Akushevich/Getty Images)

The European Banking Authority's Jose Manuel Campa (ECB/Flickr)

Yibo Ling, Chief Business Officer of Binance Labs (LinkedIn)

BTC price action offers little relief to Bitcoin bulls despite U.S. macro data releases showing inflation subsiding.

BlockFi CEO Zac Prince at Consensus 2019 (CoinDesk)

Uniswap (UNI) has been experiencing downward movement due to general market sentiment. The downtrend started on April 19, dropping from $6 to $5. However, the price rises gradually, indicating that the bulls are building momentum.

This slight increase has left traders wondering if the bearish trend is over and whether things might start getting better for Uniswap (UNI).

Signs of Bullish Sentiment As UNI Surges

Notably, UNI is up today by 3.27% at a high of $5.12 within the last 24-hour trading session. The 24-hour trading volume is also up by over 97.72% at $68 million, signifying that the UNI market is experiencing high activity. This data shows that the bulls build strong momentum with positive market sentiment.

Related Reading: Bitcoin Price Blasts Above $28,000 Following 4.9% April CPI Report

Moreover, the token still holds the 22nd position on the CoinMarketCap ranking with a market cap of $2.9 billion. According to CFGI.io, the market sentiment towards Uniswap (UNI) is bullish. 

The indicator confirms the bullish sentiment with a 61 reading, meaning investors are greedy. This further shows that investors are optimistic about the future potential, and the recent increase in price may be sustainable.

UNI Technical Analysis

Even with the increasing price and trading volume, the technical indicators for UNI remained contradictory, with some pointing towards a potential bear market.

UNI is currently trading below its 50-day & 200-day Simple Moving Averages (SMAs) and has formed a Death Cross, a bearish sign. The Death Cross contributed to the price drop as it caused traders and investors to sell their holdings or take short positions. 

The SMA indicator suggests that both the long-term and short-term trend is bearish. But, the price might reverse if the bulls hold their long positions. The Relative Strength Index (RSI), with a reading of 40.20, suggests that the asset is not in the overbought or oversold regions but in a neutral range. 

This indicates that theres no significant buying or selling pressure and UNI might experience some level of consolidation or a positive price change.

The MACD indicator suggests a bearish trend, with the MACD currently below the signal line. The histogram also confirms the bearish momentum as it is trading below zero.

UNI is trading at $5.14 at the time of writing. The bears are trying to break through the first support level of $4.746, a level several times.

However, if the bulls build strong momentum and break above the significant resistance level of $5.731, it might trigger a bullish trend. The next support and resistance level will be $......

A public-private partnership with blockchain analytics firm Chainalysis has played a key role in helping the Internal Revenue Service solve cryptocurrency-related crimes.

Non-experts are much more likely to grasp the value of a scaling solution if its related to something they already understand.

Lawyers said Do Kwon and Han Chang-joon could be released on bail and largely confined to a Montenegro apartment with the obligation to periodically report to the state authority.

The market capitalization of the LADYS token has surpassed $140 million after surging in popularity.

ROBINHOOD app on a smartphone (Shutterstock)

Jenny Johnson, president and CEO of Franklin Templeton (left) (Shutterstock/CoinDesk)

Odsy Foundation founders (l-r): Yehonatan Cohen Scaly, David Lachmish, Omer Sadika, Sean Lee. (Odsy Foundation)

Data shows the Bitcoin sentiment had turned quite bearish just before the assets price had rebounded up from the $27,100 level.

Bitcoin Recovers Shortly After FUD Takes Over Market

According to data from the on-chain analytics firm Santiment, investors showed high levels of fear around the time of the local bottom during the past day. The relevant indicator here is the social volume, which measures the total number of social media text documents that mention a given topic like cryptocurrency or Bitcoin.

These social media text documents include a variety of sources, like Reddit, Twitter, Telegram, and other forums. The social volume only tracks how many such documents mention the term at least once. So this means that even if a post contains the keyword several times, its contribution to the social volume will still be only one unit.

The significance of the social volume is that it tells us about the amount of discussion that certain topics are getting from social media participants at the moment.

In the context of the current topic, social media is used to know the degree of the bearish and bullish sentiments in the market. Here is a chart that shows the trend in these social volumes for Bitcoin over the last week:

To separate the social volume for discussions that imply a bullish mentality, terms such as buy, bottom, bullish have been chosen, while keywords like sell, top, bearish are the ones selected for pinpointing a bearish sentiment.

As displayed in the above graph, the Bitcoin social volume for the bearish sentiment seems to have observed a large spike during the past day. This surge in the indicator had come after BTC had plunged from above $28,000 to around $27,100.

This suggests that the BTC investors had turned very fearful during this panic selloff. A similar level of bearish sentiment was also observed only a couple of days back, as the chart highlights.

The turn in market mentality back then had also come following a decline (this time from the $29,000 mark to the low $27,000 levels), and interestingly, it had coincided with the local bottom in the price.

The spike this time has also occurred simultaneously with the possible local bottom formation at $27,100, as the price of the cryptocurrency has recovered a little bit since then.

Historically, w...

One of the many ways that Bitcoin is an experiment is in its decentralized development model, explained Amiti Uttarwar. Whether a non-profit or a private company, the vast majority of software projects have a centralized structure for directing funding, prioritizing projects and coordinating efforts. But the community consensus model of Bitcoin is essential for ongoing censorship resistance. While its not easy to get tens of thousands of individual computers to agree, getting thousands of humans to agree is arguably the greater challenge.

As a Bitcoin Core developer, Uttarwar is understandably fascinated with Bitcoins unique consensus model. She opted to focus on this community-led, open-source project full time in 2019, taking a significant pay cut from an engineering role with Coinbase, and has since earned grants to continue her work from OKCoin, BitMEX operator HDR Global and Gemini.

Her past codebase contributions have changed the logic of Bitcoins address management, fundamentally shifted address communication and reduced privacy leaks caused by transaction broadcasting. Today, her development focus is on improving support for privacy-enhancing communication layers like Tor, I2P and CJDNS through a collaboration with Chaincode Labs Martin Zumsande.

While Bitcoin users can run nodes on multiple networks right now, the benefits are limited and often require a deep level of understanding from the node operator, Uttarwar said. Our current project is to enable automatic connections to nodes on every network that a user has enabled. With our work, if a user has enabled clearnet (with interfaces IPv4 or IPv6) and Tor on their Bitcoin node, the node will strive to ensure at least one of their 10 outbound connections is to an onion peer on the Tor network.

For Uttarwar, who has seen her work merged into a Bitcoin Core update and who depends upon the larger community of Bitcoin developers for feedback and critical review of her work, the decentralization that underpins this software project is more than just a development model, it is a responsibility.

Honoring decentralization in the world of Bitcoin development requires participation from...

The epic highs and lows of cryptocurrency trading make traders particularly prone to addictive trading behavior.

Hut 8 mining site. (Hut 8)

Security firm CertiK alerted the community to a fraudulent Pepe website offering rewards, cautioning that the site is linked to a phishing contract.

(Charlie Green/Unsplash)

Bitcoin miners, exchanges and layer-2 builders have different reasons to support or oppose Bitcoin Ordinals.

Chiliz(CHZ) is trading in the red today, down by over 4% in the last 24 hours. This trend broadly reflects the global crypto market cap, down by 0.57% in 24 hours. 

However, despite the price drop, Chilizs trading volume is up by 39% at press time, which could influence its price action soon.

CHZ traded at $0.1011 on January 1, 2023, before it moved to $0.1202 on January 10. Since then, it has experienced extreme price volatility, peaking at $0.1577 on February 8 for the first time in 2023. However, the bears have prevailed on its price, returning it to $0.1075 today.

CHZ Price Prediction

CHZ is in a downtrend momentum, forming a fourth consecutive red candle. It has dropped below its 50-day and 200-day Simple Moving Averages (SMA), a bearish sentiment for the short and long term.

Related Reading: Bitcoin Price Blasts Above $28,000 Following 4.9% April CPI Report

Also, its Relative Strength Index (RSI) is 28.15, firmly in the oversold region below 30. It implies that the bears are in control of their price movement. The RSI is still moving downwards, suggesting further price decline for the asset in the short term. However, since the asset is oversold, a retracement is likely if it can rally from its closest support level.

CHZs Moving Average Convergence/Divergence (MACD) is below its signal line and showing negative values. It also reflects the prevalent bearish trend. Also, the histogram bars are at full strength and bearish.

CHZ is rapidly approaching the $0.108 support level and a drop below this will send the assets price into free fall to record lower lows.

The bears at the $0.11685719 resistance level are active and resisting a rally for the asset. But CHZ is already in the oversold region and will probably reach a point of consolidation soon. 

Chilizs Web3 Moves For T...

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Bitcoin price giving up ground over the past week to slide below $28,000 has put bears in a better position for Friday's expiry.

On Episode 19 of Hashing It Out, Ambire founder and CEO Ivo Georgiev explains a new technology aiming to bring increased flexibility and security to the Ethereum network.

SPONGE, the latest addition to the world of meme coins, has been making waves since its launch. With recent listings on popular cryptocurrency exchanges like Poloniex and MEXC, the Spongebob coin has attracted the attention of traders and investors alike. 

But the question on everyones mind is: will it surpass the impressive price performance of meme coin darling, Pepe?

As the cryptocurrency market continues to grow, meme coins have emerged as a popular trend among traders and investors. These coins often feature fun and quirky designs that appeal to the younger demographic, making them a hit among social media users. 

And SPONGE is no exception. With its unique sponge-shaped logo and playful marketing, it has quickly gained a following in the crypto community.

SPONGE: The Rising Star Among Meme Coins?

SPONGE, a brand new Ethereum-based ERC-20 meme token, has quickly become a rising star among the highly-stacked field of meme coins, with its unique branding and impressive price performance.

Currently priced at 0.000452, the token has already made a name for itself as one of the most successful meme coins this year, despite being down 43.53% in the last 24 hours.

The token made its debut on the decentralized exchange Uniswap on May 4, and within just 48 hours, it was listed on CoinW and Toobit. This lightning-fast listing process is in stark contrast to PepeCoin (PEPE), which took three weeks to list on its first centralized exchange. 

In fact, following its listings on various exchanges, SPONGE came incredibly close to reaching a $100 million market cap, and was ranked in the top 275 cryptocurrencies by market cap, according to CoinMarketCap data.

One impressive feat that SPONGE achieved was its trading volume on Uniswap. Within just four days of its launch, its 24-hour trading volume exceeded $100 million, outpacing the trading volume of PEPE by a significant margin.

This made SPONGE the most-traded coin on Uniswap, excluding wrapped Ethereum. With such impressive numbers, many are wondering if SPONGE will be able to surpass the success of its meme coin rival, Pepe Coin.

Meme Coin Craze Sweeps The Crypto Market

SPONGEs impressive price performance is part of a larger trend in the crypto market: the...

This is an opinion editorial by Peter Bistoletti, a Bitcoiner who has lived in Sweden since 1971.

Sweden is the nightmare example of a state destroying financial privacy, winning the war on cash and having control of all financial transactions. Sweden has almost completely abolished anonymous cash transactions and, as a result, its regulators have control of all financial assets. Since at least 1971, when I moved to Sweden, bank assets have to be reported annually to the tax authorities, which can also demand documentation for all bank transactions. Since 2020, the Swedish police have the right by law to acquire access to locked iphones and computers by use of force.

In such a privacy-averse environment, one should consider Bitcoin as a better alternative.

Introducing The E-Krona

In the early days of Bitcoin, one could buy BTC anonymously through platforms such as LocalBitcoins, which is impossible today. To buy BTC through the majority of accessible platforms now, one has to follow strict KYC and AML regulations. Sweden also has no Bitcoin ATMs. Swedish banks, politicians and the media have an overwhelmingly hostile attitude towards BTC.

Sweden is now moving toward a central-bank-issued, digital, national currency. Since 2017, the Swedish central bank, Sveriges Riksbank, the issuer of the prize in economic science in memory of Alfred Nobel, has been promoting the e-krona as a complement to, or replacement of, physical cash. Proponents of e-krona argue that it prevents money laundering and criminal activities, speeds up the financial system and finetunes financial and monetary activities. Critics argue that it is the ultimate tool for financial censorship, control and surveillance. The development of e-krona is happening in cooperation with other central banks and the Bank For International Settlements (BIS).

E-krona is, at present, a pilot project, testing the technical platform and the cooperation...

XRP price has shown a strong reaction after the (fake) news of the alleged sale of 9,800 BTC by the US government and the subsequent sell-off across the crypto market, staying above the key support. However, XRP investors have yet another damper to digest today.

Ripple CEO Brad Garlinghouse said during the Dubai Fintech Summit that he expects a ruling in the legal battle with the U.S. Securities and Exchange Commission (SEC) by the end of the third quarter of 2023. In a previous statement in January at the World Economic Forum, Garlinghouse still expressed his optimism that a ruling will come in the first half of 2023 (by the end of the second quarter).

Ripple CEO Lowers His Expectations For A Verdict

During the interview at the Dubai Fintech Summit, the Ripple CEO emphasized the protracted nature of the legal battle with the SEC, stressing that the case has been ongoing for two and a half years. While this is a long time, Garlinghouse pointed to a silver lining:

So it has certainly been frustrating and slow, But the good news is we are at the end of that journey. While others in the crypto might be beginning their journey, the silver lining is that Ripple is now at the end.

Furthermore, Garlinghouse revealed that he expects a resolution in the next two or six months. The Ripple CEO conceded Judge Analisa Torres has additional deliberation time, as she has extensive information to process and make a decision based on it.

Ultimately, Garlinghouse indicated that, like everyone else, he can only guess how long Judge will need to make her decision:

A federal judge can operate on whatever timeline, in this case, she would like, but I am optimistic we can see a resolution, I believe, before the end of Q3.

XRP Price Holds Key Support

The XRP price is following the current market sentiment today and is slightly in the red today, down -0.34% over the last 24 hours. At press time, XRP was trading at $0.4253, holding above key support at $0.4131.

The support is key because a break to the downside would knock the XRP price back down the trading range from early November 2022 to mid-March 2023. XRP had spent over four months in this trading range before an impulsive move higher on March 21. If XRP closes below $0.4131 on the 1-day chart, it would be an extremely bearish signal.

On the upside, XRP first faces the 200-day Exponential Moving Average (EMA) at $0.4353 again. The indicator is often referred to as the bull boundary and is accordingly of great importance to subsequently break through resistance at $0.4402 and regaining bullish momentum.

Amid a spike in Bitcoin transaction costs, cryptocurrency exchanges are taking measures to serve their clients properly.

Regulators in the EU concluded another round of voting, adding a new ban on the public use of biometric surveillance into its forthcoming AI Act.

The update shows $194 million in cash, $566 million in digital assets and $2.7 billion in off-balance sheet token reserves for other majority-owned Web3 subsidiaries.