Some ENS buyers treat the names as investments, purchasing popular and common names and selling them for a profit, research firm Delphi Digital said in a note this week. Last week, “000.eth” was sold for a record 300 ether, fueling interest in three-digit ENS names as “traders tried to capitalize on the hype,” Delphi Digital added. Source link

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After weeks of being in the red, Bitcoin and Ethereum are climbing. Bitcoin, the world’s top cryptocurrency by market cap, is $21,663, up roughly 10% in the past week and is up 6% on Thursday alone, per CoinMarketCap data. Similarly, Ethereum has also seen notable gains, up to $1,238 or 7% Thursday and 19% over the past seven-day period. The rest of the cryptocurrency market appears to be following suit, with Solana up 4%, Polkadot up 5%, Cardano up about 3%, and Dogecoin up 3.% in the… Source link

Monero [XMR] bulls are back but the ghost of the 2022 bear market is still lurking in the background. The current upside might thus, be a temporary bullish relief, in which case a retracement might be on the way. XMR traded at $122 at press time, which means it is up by roughly 31% from its 2022 low at $96.50. A sizable retracement might be inbound, considering its latest upside. Additionally, Fibonacci lines place the next potential retracement near the $142 price level.

The company mined 707 bitcoin during Q2 – that’s up 8% from Q2 one year ago, but down from 1,259 mined in Q1. At issue were “operational obstacles” including maintenance issues and a severe storm at the power-generating facility supplying the company’s Hardin, MT rigs, and continued delays in energization for nearly 30,000 installed miners in Texas. Source link

“With spot prices currently at $1,060, this means ETH 2.0 stakers are on average holding a loss of -55%,” Glassnode wrote. “If we compare this to the realized price for the entire ETH supply, 2.0 stakers are currently shouldering 36.5% larger losses compared to the general Ethereum market.” Source link

A descending triangle pattern has been pressuring Bitcoin (BTC) for the past three weeks and while some traders cite this as a bullish reversal pattern, the $19,000 support remains a crucial level to determine the bulls’ fate.  BTC-USD 12-hour price. Source: TradingView Despite the apparent lack of a clear price bottom, Bitcoin derivatives metrics have significantly improved since June 30 and positive news from global asset manager VanEck may have eased traders’ sentiment. On July 5, two… Source link

The price of Ethereum (ETH) has continued to trade upwards over the past several days, following a dramatic reversal from the previous low near $1,000 during the last seven days. Wednesday saw the ETH/USD pair surge to the $1,175 barrier level, recording a clear higher high. As of this writing on Thursday, ETH was trading at $1,218 — an increase of 10.6 percent over the previous week, according to data from Coingecko. The announcement that Ethereum developers successfully executed The… Source link

Image source: Getty Images The Ethereum Merge from proof-of-work (PoW) to proof-of-stake (PoS) cleared another testnet hurdle and appears on track to go live later this year. Key points Ethereum programmers have successfully completed deploying upgrades to the second of three public test… Source link

Bitcoin (BTC) faces a new selling threat in the near future as users of defunct exchange Mt. Gox prepare to get their BTC back. In fresh correspondence dated July 6, attorney Nobuaki Kobayashi, appointed trustee in the Mt. Gox rehabilitation process, confirmed that he was “preparing to make repayments” to account holders. Cash, Bitcoin or Bitcoin Cash? Over eight years after Mt. Gox imploded, it appears that those who lost money are about to receive BTC. The event has been long coming, as have… Source link