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Ethereum is quickly losing ground to Bitcoin, with the ETH/BTC ratio falling to its lowest level in five years. According to CoinGecko data, the ETH/BTC ratio now stands at 0.01787, a level not seen since January 2020. The sharp decline reflects Ethereum’s (ETH) ongoing underperformance relative to Bitcoin (BTC). Over the last 24 hours, the ratio dropped nearly 5%. It’s down 24% in the past month and has fallen 67% over the last year. This divergence has caught the attention of investors. In the last year, Bitcoin has risen by about 34%, while Ethereum has lost 50% of its value.…

34LG will shut down its non-fungible token (NFT) marketplace, Art Lab, on June 17, after three years of operation, according to a notice on its website.Launched in 2022, Art Lab allowed smart TV users to buy, sell, and display NFTs directly from their screens. The platform initially operated on the Hedera network before expanding to Ethereum.LG did not provide specific reasons for the shutdown but stated it would “shift focus and explore new opportunities.”The decision aligns with a broader trend in the NFT space. Several companies, including Kraken, Immutable, Quidd, and MakersPlace, have already shut down their NFT marketplaces. The…

A Solana address with over 1 million tokens is sitting on over $153 million in profit after a four-year staking play on the crypto asset. Blockchain analytics firm Lookonchain flagged the wallet address of a whale that staked nearly 1 million Solana (SOL) tokens in 2021. At the time of the staking, Solana tokens were worth around $27, which means the trader spent about $27 million to execute the staking play. Four years later, the whale’s total staked Solana holdings reached 1.29 million. With Solana appreciating to about $140, the whale’s holdings increased in value to about $180 million. On April 22, the…

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. The XRP price crossing the $10 mark into the double-digit territory remains a widespread school of thought, and crypto analysts have, at different points, shared analyses that seem to support this notion. Most especially, since the XRP price broke…

Polygon-based non-fungible tokens (NFTs) took the top spot in digital collectible sales after surging 20% in the last seven days. On April 22, NFT data tracker CryptoSlam showed that Polygon NFTs overtook Ethereum, reaching a $22.3 million volume in the past week. This represented 24% of last week’s overall NFT sales volume, which reached $92.9 million. The network also had over 39,000 NFT buyers for the week, an 81% increase over the previous week. Ethereum remained second in sales, with a $19.2 million NFT sales volume for the week. Mythos Chain followed with $14.3 million, while Bitcoin-based collections ranked fourth with $14.1 million…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Given the continued volatility in the general crypto market, several major digital assets such as Ethereum and Bitcoin experienced a decrease in investor participation. As a result, the two crypto giants were faced with significant selling pressure, with ETH recording more losses than Bitcoin. Ethereum Outpaces Bitcoin In Recent Losses Over the last few days, Ethereum and Bitcoin have struggled with notable bearish pressure that has hampered their upward movements. During this volatile period, seasoned market expert and host of the Crypto Banter show, Kyle Doops, has…

479Non-fungible token (NFT) marketplace X2Y2 is shutting down after three years of operations. The company’s pseudonymous founder, TP, announced the decision on March 31. “We’re sunsetting X2Y2 as an NFT marketplace. One month from now, on April 30, 2025, the platform will shut down completely,” the statement reads.X2Y2 cited a 90% drop in NFT trading volume since its peak in 2021 as a key reason for the closure. The company also hinted at a shift in focus toward artificial intelligence (AI). “We’re building something new, something that takes everything we’ve learned and aims higher. Picture this: yields in a permissionless way, powered by…

Former Goldman Sachs executive Raoul Pal believes that one Solana (SOL) competitor looks to be in a position for a massive breakout. Pal tells his 1.1 million followers on the social media platform X that the Tom DeMark (TD) Sequential Indicator is flashing bullish for the layer-1 platform Sui (SUI). Traders use the TD Sequential Indicator to predict potential trend reversals for tokens based on the closing prices of their previous nine or 13 bars or candles. He also suggests that SUI is on the verge of breaking out of a downward channel, a bearish pattern indicating that the asset…

While attending the MIT Bitcoin Expo earlier this month I was able to sit down with Bitcoin Core developer Antoine Poinsot. Currently at Chaincode Labs, Antoine was previously at Wizardsardine, a bitcoin security company behind Revault, a pre-signed transaction based vault, and Liana, a miniscript based Bitcoin wallet. Antoine’s first commit was merged to Bitcoin Core on May 16th, 2019. We discussed the Great Consensus Cleanup proposal Antoine is putting forward as a prospective soft fork of the Bitcoin protocol modeled on Matt Corallo’s original verson of the proposal from 2019. Bitcoin has suffered from numerous bugs over the years,…

Key Points: Ripple secures DFSA approval to offer blockchain payment services in Dubai. The approval enables Ripple to introduce Ripple Payments Direct across the UAE. Ripple’s CEO praised Dubai’s regulatory framework as a global fintech leader. Ripple’s regional presence has grown since 2020, with 20% of its customers in the UAE. https://x.com/APRWATP/status/1841407028830564358 Ripple has obtained in-principle approval from the Dubai Financial Services Authority (DFSA) to provide blockchain-based payment services, marking a significant milestone for the company’s expansion in the Middle East. The approval allows Ripple to operate from the Dubai International Financial Centre (DIFC) and roll out its enterprise-grade infrastructure,…