Aurelia Butler

In the shorter term, Ethereum is striving to maintain its upward momentum, provided it stays above the $1649 mark. If it dips below this level but manages to bounce back, analysts suggest a new target of $1778 could be within reach.However, despite the positive outlook, Coinotag analysts also caution investors of potential retreats. If Ethereum fails to uphold the $1649 level, it could fall back into the range of $1602–$1584. Previously, they had indicated that a fall below $1538 might trigger a slide down to the support range of $1448–$1370.This caution is not without precedent. Prior to the recent surge, strong buying reactions led to a reversal after Ethereum had threatened to dip below the $1538 level. This resulted in over 10% gains for investors. However, failure to conquer the resistance at $1743 could prompt a retracement back to the level of $1538 or even a further fall into the support zone of $1448–$1370.The current market dynamics underscore the volatile nature of cryptocurrencies and emphasize the necessity for investors to stay abreast of market trends and predictions. As Ethereum continues its upward journey, all eyes will be on whether it can sustain these levels and reach its potential targets.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

According to the post, BlockFi’s emergence from bankruptcy means that it can now attempt to recover assets from other firms it believes owe it money. This includes bankrupt crypto platforms such as Three Arrows Capital (also known as “3AC”) and FTX. The firm will also be able to continue distributing assets to its creditors and processing claims.Continue Reading on Cointelegraph More

The CFTC’s allegations go further to depict Binance as a haven for dark net users and international criminals due to its lack of regulatory compliance. These accusations have been met with strong opposition from Binance, which has criticized the CFTC’s attempts to act as a global derivatives regulator. Binance believes that the CFTC is overstepping its boundaries, arguing that Congress never intended for it to act in such a capacity.In addition to these charges, Binance is also contending with legal challenges from the Securities and Exchange Commission (SEC). Notably, Binance.US, the entity managing Binance’s U.S. operations, is embroiled in a lawsuit with the SEC. There are also rumors of an impending Department of Justice probe into Binance’s activities.The CFTC’s allegations include evidence of Binance’s intentional targeting of the U.S. market, citing events such as Grammy parties in Las Vegas as part of their marketing strategy. However, Binance maintains that its U.S operations are managed by Binance.US and not directly by the global entity.These events were reported by Jack Schickler at CoinDesk on Tuesday. This story continues to unfold as Binance battles multiple regulatory challenges in the United States.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

On Oct. 23, ARK — headed by pro-Bitcoin (BTC) investment veteran Cathie Wood — sold 100,739 GBTC shares ($2.5 million) from its ARK Next Generation Internet ETF (ARKW), according to a trade notification seen by Cointelegraph.Continue Reading on Cointelegraph More