On-chain analysis shows that retail buying is accelerating while whale supply is declining.

Crocs, the popular shoe company, is looking to get into NFTs, according to a trademark application filed on January 11.

The post Shoe company Crocs is eyeing an NFT play, according to trademark application appeared first on The Block.

Gala had held on to the $0.432 level of support all through December, even though it saw weaker and weaker bounces off the support level. Buyers finally capitulated in early January, and selling pressure intensified once more. The charts indicated a strong bearish outlook for Gala. It is not uncommon for altcoins to rally strongly […]

Crypto exchange giant Coinbase is announcing a new acquisition that will allow it to expand its product range into crypto derivatives. Coinbase says it has acquired FairX, a futures exchange that is regulated by the U.S. Commodity Futures Trading Commission. The cryptocurrency exchange says it will initially offer crypto derivatives to US customers through the […]

The post Coinbase Acquires Futures Exchange Amid Plans To Offer Crypto Derivatives to US Customers appeared first on The Daily Hodl.

Tech billionaire Elon Musk is at it again, sending Dogecoin (DOGE) prices soaring with a simple, five-word tweet. On Thursday night, the Tesla CEO tweeted confirmation of much-anticipated news: Tesla customers can now purchase merchandise with the original memecoin. Tesla merch buyable with Dogecoin — Elon Musk (@elonmusk) January 14, 2022 The announcement was no surprise as […]

The post Elon Musk Announces Dogecoin (DOGE) Adoption at Tesla, Ignites Memecoin Explosion appeared first on The Daily Hodl.

On Thursday evening, crypto information site fees.wtf launched an airdrop for members of the crypto community. Only it didn't go so well.

The post A look at the fees.wtf airdrop and what went wrong appeared first on The Block.

A new entrant into the non-fungible token (NFT) marketplace sector has seen its price and market cap explode this week. The OpenSea rival LooksRare launched on January 10th, and the project’s native asset LOOKS has already surged in price by nearly 55%. The token, which was listed by the exchange OKEx on Wednesday, is currently […]

The post OpenSea Rival Surges 55% in Just Four Days, Shattering $500,000,000 Market Cap appeared first on The Daily Hodl.

On-chain data shows Bitcoin miner reserve has showed a sharp spike recently, suggesting that miners are currently loading up on the crypto. Bitcoin Miner Reserve Shoots Up; Trend Of Accumulation From Last Year Continues As pointed out by an analyst in a CryptoQuant post, the BTC miner reserve has shown strong uptrend recently. This seems to be a continuation of the accumulation trend from the last year. The “miner reserve” is an indicator that tells us the total amount of Bitcoin currently stored in the wallets of miners. When the trend in the metric is towards up, it means miner inventories are growing as they stock up on more of the coin. Such a trend can be bullish for the price of the coin as it shows miners are currently accumulating BTC. On the other hand, a downtrend in the indicator implies miners have started to dump their Bitcoin. This kind of trend is naturally bearish for the price of the crypto as miners usually sell in big amounts. Related Reading | Why Sovereign Nation States May Begin Acquiring Bitcoin In 2022 Now, here is a chart that shows the trend in the BTC miner reserve over the past couple of years: Looks like the value of the indicator has showed sharp uptrend recently | Source: CryptoQuant As you can see in the above graph, the miner reserve has been gradually moving up since May. A few days back, when the price of Bitcoin dropped down to $39k, the metric showed a huge spike up as miners bought the dip. Related Reading | Jack Dorsey’s Block To Democratize Bitcoin Mining With Open Source Mining System Miners have traditionally been big sellers in the market as they have had to sell some of what they mine to keep their operations running. However, as BTC’s price has risen, and their machines have gotten more advanced and efficient, miners have started selling lesser as it’s enough to sustain electricity and other mining costs. Miners, who have originally always brought selling pressure to the market, have been shifting towards becoming hodlers for a coupe of years now. This can be quite bullish for the price of the coin in the long term. BTC Price At the time of writing, Bitcoin’s price floats around $42k, down 0.6% in the last seven days. Over the past month, the crypto has lost 10% in value. The below chart shows the trend in the price of BTC over the last few days. BTC's price plunges down after breaking above $44k | Source: BTCUSD on TradingView BTC managed to reach as high as $44.4k in its recent move up, but today the crypto has once again come back down, erasing the gains of the past couple of days. Featured image from Unsplash.com, charts from TraadingView.com, CryptoQuant.com

Right now, bulls are buying each dip and bears are selling the top of each rally, suggesting that BTC and altcoins will remain range-bound for some time.

One of the most anticipated NFT projects has finally reached its scheduled launch date. With 6,000 disguises inspired by favorite Halloween costumes, movies, and characters, Ernest In Disguise released the annual Halloween collection on the 28th of November. Bear in mind, these disguises are all one-of-a-kind, with the rarest being based on some of the most well-known Halloween figures like Chucky, Jason, Venom, and others. So what’s Ernest all about? It’s all about an extraterrestrial from the Cryzal Galaxy who discovered love and connection during his explorations on Earth and vowed to return to share these feelings with the rest of humankind during festive times. In the wake of the team’s Marvel artist Carlos Dattoli’s success selling out two NFT projects, Ernest’s popularity has drastically risen. With over 15,000 followers on Instagram and discord, people are already clamoring for Carlos to take action on his outstanding and mind-blowing artworks in the hot NFT area. In response to popular demand and the generosity of the Ernest team, the notorious ghost face NFT will also be included in the giveaway, along with an additional $12,000 in cash. For more information, visit the Ernest team’s Instagram page. In order to do this, the project will develop a brand that will link people all over the world via the use of non-fungible tokens. Since its inception, NFTs have been used to represent money, power, and affluence. However, the Ernest team, together with their community, is swiftly demonstrating how the NFT space is evolving towards a more community-oriented crossroads. With a variety of cash giveaways, ranging from 66 Solana at the first 25% coined to a 1000 Solana gift at 100% minted, it is evident that these guys are devoted to rewarding their loyal community. A mysterious airdrop will deliver a spacecraft to all Ernest holders at an unannounced point after the coin’s mint, so be sure to hang onto your Ernest NFT to take advantage of this opportunity. There will be a ceiling of 100 coins per wallet, with a restriction of 10 per transaction. In the aftermath of their first mint event on 29th November 2021, they have decided to pursue further this path and offer their community the chance to engage in the minting process. If someone purchased Ernest for 2 or 3 SOL, they’ll get a free Ernest NFT for every one possession as a thank you for the rocky road and to compensate for their earlier sale, the team has chosen to decrease the future mint price of Ernest to 1.5 SOL. So, they’re making money, they’re selling merchandise, what else are they doing? A full-fledged comic will be produced by the Ernest team after they reach 75% of sales. Holders will be allowed to utilize their NFTs from this point forward, and they may even have the opportunity to have their own customized Ernest NFTs included in a finished comic book (to see a preview of the two-part origin story you can check it out on the Ernest In Disguise website). Overall, this is a welcome addition to the Ernest In Disguise series’ already impressive list of customizability! This isn’t the only great thing about the Ernest NFT community! After selling out half of their supply, they’ll be launching a limited-edition merchandise line, with 10% of the minters getting their hands-on personalized Ernest merchandise. The best way to show your love for Ernest is by making your own and wearing it on an apparel item of your choice! It’s not only the comic and the merchandise drop and the cash giveaways that they have planned for the post-mint. For the first three months, Ernest expects to take home 90% of the royalties from secondary sales. By purchasing low-priced NFTs on secondary markets, they will aggressively increase the value of those who own Ernest. Besides, there will be an airdrop of a free spacecraft NFT for everyone who has an Ernest NFT after the minting date. The project will develop a brand that will link people all over the world via the use of non-fungible tokens. Since its inception, NFTs have been used to represent money, power, and affluence. However, the Ernest team, together with their community, is swiftly demonstrating how the NFT space is evolving towards a more community-oriented crossroads. With a variety of cash giveaways, ranging from 66 Solana at the first 25% coined to a 1000 Solana gift at 100% minted, it is evident that these guys are devoted to rewarding their loyal community. A mysterious airdrop will deliver a spacecraft to all Ernest holders at an unannounced point after the coin’s mint, so people should make sure to hang onto their Ernest NFT to take advantage of this opportunity. There will be a ceiling of 100 coins per wallet, with a restriction of 10 per transaction. So, they’re making money, they’re selling merchandise, what else are they doing? A full-fledged comic will be produced by the Ernest team after they reach 75% of sales. Holders will be allowed to utilize their NFTs from this point forward, and they may even have the opportunity to have their own customized Ernest NFTs included in a finished comic book (to see a preview of the two-part origin story you can check it out on the Ernest In Disguise website). Overall, this is a welcome addition to the Ernest In Disguise series’ already impressive list of customizability! This isn’t the only great thing about the Ernest NFT community! After selling out half of their supply, they’ll be launching a limited-edition merchandise line, with 10% of the minters getting their hands-on personalized Ernest merchandise. The best way to show your love for Ernest is by making your own and wearing it on an apparel item of your choice! It’s not only the comic and the merchandise drop and the cash giveaways that they have planned for the post-mint. For the first three months, Ernest expects to take home 90% of the royalties from secondary sales. By purchasing low-priced NFTs on secondary markets, they will aggressively increase the value of those who own Ernest. Besides, there will be an airdrop of a free spacecraft NFT for everyone who has an Ernest NFT after the minting date, and there are wild guesses as to where this spaceship will take their frightening alien buddy. Well, it is obvious that the Ernest team is all about building a prosperous community. With this in mind, the Ernest Insiders DAO is the last piece of their future ambitions. Those who own two Ernest NFTs will be able to participate in future initiatives for the project and community and gain exposure to sensitive and important information on anything trading and cryptocurrency-related. Having been in the crypto community for so long, this is another opportunity for token holders to get involved and help develop a genuinely innovative business. Be sure to stick around, for Ernest’s quest is far from done. Ernest now has a unified group of people that support the project.  

Following its explosive rise, generative artwork sensation Art Blocks is now focused on long-term sustainability.

Bitcoin has been rejected near the $44,000 price and has been moving sideways since earlier this week. The benchmark crypto could make another attempt to break this resistance levels but will most likely remain range bound until $50,000 and $53,000 are reclaim. Related Reading | Bitcoin Aims For $48K? BTC Reacts Upward To U.S. Inflation Report As of press time, Bitcoin trades at $42,341 with a 3.5% loss in the past day. BTC’s price has performed positively after the U.S. Consumer Price Index (CPI) print, a metric used to measure inflation. Before the report came out, the order book for Bitcoin was clear and has been re-arranging during the week forming new levels of support near $38,000 and $40,000. Data from Material Indicators shows an important cluster of bid order below BTC’s price current levels which suggest, at least for the short term, that bulls will continue to defend the $40,000 price mark. As seen below, there are over $20 million in bid orders around those levels. In that sense, analyst firm Jarvis Labs believes Bitcoin could see some weeks of relief and less selling pressure. This is supported by a bullish divergence in their 30-Day Returns for Bitcoin, as seen below whenever this metric returns to the 0% in that threshold BTC trends to the upside. The bounce has been driven mainly by retails investors, according to the firm, as measure by Bitcoin’s Accumulation Trends for the past month. Jarvis Labs added the following: The accumulation trend scores on a 30D basis show that retail has confidence in accumulating on the bottoms whilst the whales are more reluctant to do so. Scores on a 7D basis indicate the same behavior in contrast to the divergence we saw in December. Bears Can’t Shake Bitcoin Long Term Holders Two of Jarvis Labs’ metrics remain in the red, specifically those related to the amount of Bitcoin coins on the move and the amount of BTC compared with the amount of stablecoins in the market. This suggest some investors are selling at a loss and others are taking profits as the price reached $44,000. Furthermore, Jarvis Labs was able to determine that long term holders haven’t been shaken by the bearish price action.  Short term holders have dropped their average or realized price from $53,000 to $50,900 which poses no immediate threat to a relief bounce, but as the firm said, will contribute with future corrections. Takeaways (3): – Oculus drop alerts for BTC (43900) and ETH (3370) levels will likely lead BTC to consolidation before rising to 46-48k resistance levels. – Q1 rally would be a profit-taking period for most investors, as many VC unlocks and Fed activities are to come in Q2. — JarvisLabs (@Jarvis_Labs_LLC) January 13, 2022 As NewsBTC reported, Jarvis Labs has been waiting for some impact on the derivatives sectors in order for BTC to trend higher. That time seems to be here with negative funding for futures contracts on exchanges Binance, FTX, and most crypto platforms. Related Reading | TA: Bitcoin Bounces To $42K, Why BTC Could Recover To $43.5K If this metric continues to move into negative territory as prices trend to the upside, it could suggest a more sustainable rally. In that sense, Jarvis Labs added the following on Open Interest (OI), the number of total contracts traded across exchanges, and their impact on BTC’s price: Open interest/market cap change has been rising up to match the summer highs of 2021. As the price begins to rise now, this metric is starting to drop, indicating that a further short squeeze is possible.