Polkadot's Open Interest Declines, Suggesting Possible Trend Reversal
June 20 (Cointime) - Polkadot's Open Interest has decreased, indicating a possible trend reversal. Despite high development activity and network activity, DOT's 24-hour chart showed a decline. Polkadot ranks second to Ethereum in terms of weekly code commits, according to Polkadot Insider.
Uncertain Industry and Economic News Cast Doubt on BTC's Future Price Increase, FT Examines Potential Conflicts of Interest on Crypto Exchanges
June 20 (Cointime) - Bitcoin and Ethereum have seen slight price increases, with concerns about their future due to uncertain industry and economic news. The Financial Times has raised questions about the transparency and fairness of market makers on various cryptocurrency exchanges, including Crypto.com.
European Investment Bank Under Attack: Cyber-Attack Affects Availability of Key Websites
June 20 (Cointime) - The European Investment Bank (EIB), which is backed by the European Union (EU), has reported a cyber-attack that has impacted the availability of some of its key websites. While the bank's sites have been rendered inaccessible, Bitcoin and Ethereum have remained unaffected by cyber-attacks and continue to operate with almost 100% reliability and uptime.
Indonesia Releases Comprehensive List of Tradable Cryptocurrencies, Challenging US SEC's Caution on Crypto Regulation
June 20 (Cointime) - Indonesia's CFTSA has published a list of 501 cryptocurrencies that are permitted for trading in the country's physical crypto market, including major players like Bitcoin and Ethereum. This move highlights a more mature regulatory approach compared to the US SEC, which has yet to release a comprehensive list of acceptable digital assets for trading. The CFTSA's decision could potentially challenge the US SEC and prompt other countries to follow suit. The list was released after a thorough evaluation process in compliance with domestic regulations.
Ethereum Developers Finalize Scope for Cancun Upgrade, Interest in NFTs Declines
June 19 (Cointime) - The Ethereum development team has finalized the scope for the upcoming Cancun upgrade, which includes proto-dank sharding to improve scalability and efficiency. The team also discussed proposals to prevent slashed validators from being selected as block proposers and to remove the 32 ETH cap on effective balances for validators.
Ethereum Core Developers Propose Increasing Minimum ETH Required to Stake by 64x
June 19 (Cointime) - Ethereum core developers are considering raising the minimum amount of Ether required to become a validator from 32 ETH to 2048 ETH. This proposal was made during a consensus meeting by Ethereum Foundation researcher Michael Neuder, who believes that the increase will make the network more efficient over time.
ETH Price Blasts Past $1,700 As 30,000 Bitcoin-Ordinals Inspired ‘Ethscriptions’ Launch on Ethereum
June 19 (Cointime) - After a brief surge to $1,769 over the weekend, the price of Ethereum, the largest smart contracts ecosystem, has stabilized on Monday. Investors are now seeking buy signals to confirm higher price swings.
Ethereum Price Recovers Above $1,700, Could Rise Further if Key Resistance is Broken
June 19 (Cointime) - The price of Ethereum has risen above $1,700 against the US Dollar and could continue to climb if it surpasses the $1,780 resistance zone. Ethereum has broken through the $1,700 and $1,720 resistance levels and is currently trading above $1,700 and the 100-hourly Simple Moving Average.
Trader Outlines Scenario for Ethereum to Rally Over 45% and Reach 2022 Highs
June 19 (Cointime) - A crypto analyst, known as DonAlt, has predicted that Ethereum (ETH) could reach a level not seen since Q2 of 2022 if it breaks resistance at $1,940. DonAlt believes that a move above this level could push Ethereum to $2,500, a price last seen in May 2022.
Bitcoiners Burn Pricey Ethereum NFT in Symbolic Shift to Bitcoin's Ordinals Inscriptions
June 19 (Cointime) - A CryptoPunk NFT sold for around $95,000 on Saturday and was later burned in a community-led effort to symbolically shift the asset's underlying chain from Ethereum to Bitcoin. The burn was tied to an Ordinals inscription on Bitcoin that bears the same image as the CryptoPunk NFT. The decision to burn the NFT was made by holders of Bitcoin Bandits, a Western-themed collection of Ordinals inscriptions, and around 150 people contributed to the cause. The end goal is to create a series of Ordinals inscriptions that correspond to a slice of ownership in the CryptoPunk NFT, which will be sent to a digital wallet belonging to Satoshi Nakamoto, the pseudonymous creator of Bitcoin.
