Live Feed

Ethereum Spot Order Activity Hints at Institutional Re-Entry, Analysts Claim

On-chain data indicates that large Ethereum investors, known as whales, are accumulating the asset at discounted prices, signaling a potential local bottom as the Fusaka upgrade approaches. Whales holding 10,000-100,000 ETH have increased their balances by 52% since April, while smaller retail wallets reduced their holdings by 16%. Analysts foresee a possible local bottom around $3,200, contingent on stable macro conditions. Additionally, the Fusaka upgrade, set for December 3, is expected to enhance scalability and reduce transaction costs, promising further adoption in real-world applications and DeFi protocols. The increase in daily transactions and the stability of the ETH/BTC ratio suggest relative strength in the market. Institutional interest is also evident, as companies like BitMine Immersion Technologies have significantly increased their ETH holdings. However, analysts warn that while the upgrade may lower fees, it could also reduce ETH burn rates. Overall, analysts anticipate that sustained accumulation could lead to Ethereum's price recovery, especially if key support levels hold up.

Source 🔗

Prediction Markets Indicate U.S. Government Shutdown Might End Soon

Prediction markets suggest that the lengthy U.S. government shutdown may conclude shortly, with traders assigning a 96% probability of it reopening between November 12 and 15. A recent Senate vote advanced a bipartisan funding bill, yet critical issues such as Affordable Care Act subsidies remain unresolved. Political pressures are

Prediction Markets Say U.S. Government Shutdown Days From Ending as Health Care Fight Looms

The U.S. government shutdown appears to be nearing its end, with prediction markets indicating a 96% chance of resolution by mid-November. A Senate vote advanced a funding bill intended to reopen the government, although significant issues, including Affordable Care Act subsidies, remain unresolved. Traders are predicting the shutdown could

Prediction Markets Suggest U.S. Government Shutdown is Nearing an End

Prediction markets indicate a 96% likelihood that the lengthy U.S. government shutdown will conclude between November 12 and 15. This optimism follows a Senate vote that passed a bipartisan funding bill aimed at reopening government operations. However, unresolved issues remain, particularly regarding Affordable Care Act subsidies critical for many

Read next