Ethereum’s Pectra upgrade has successfully launched on the mainnet at epoch 364032. This update introduces new smart account wallet features, boosting user experience. It also doubles the Layer 2 blob data capacity, improving scalability. Additionally, validator user experience sees important enhancements. The Ethereum community will keep a close watch on the network over the next 24 hours to ensure everything runs smoothly.
Peter Schiff has questioned Bitcoin’s role as a hedge against inflation, stating that its recent trading patterns do not support the claim. Schiff, known for his strong stance on gold, argued that Bitcoin continues to behave more like a tech stock than a store of value.
Peter Schiff Criticizes Bitcoin’s Inflation Hedge Narrative
Amid ongoing economic uncertainty in the US, Peter Schiff has renewed his skepticism toward Bitcoin’s utility as a hedge against inflation. According to Schiff, recent price action shows that Bitcoin still mirrors the behavior of tech stocks rather than that of gold.
“Bitcoin has not decoupled from the NASDAQ,” Schiff said in a recent post, adding that investors concerned about inflation should focus on gold instead. He argued that Bitcoin lacks the stability needed to serve as a reliable store of value and remains susceptible to broader market swings.
Peter Schiff also noted that the rise in Bitcoin’s price appears more related to investor speculation and macroeconomic developments than to intrinsic monetary properties. He continued to warn that Bitcoin may not offer the same long-term protection for wealth as traditional safe-haven assets.
Senator Lummis Links Bitcoin to National Debt Relief
Senator Cynthia Lummis has also entered the discussion by connecting Bitcoin adoption to broader economic policy. In a public statement, she endorsed the BITCOIN Act as a possible solution to address the United States’ $36 trillion national debt.
According to Lummis, the current administration has shown willingness to consider digital assets, and thus passing the BITCOIN Act is “the only solution to our nation’s $36T debt.” Even with limited details, the proposal marks growing interest by policymakers in exploring alternative financial systems.
Lummis, known for her pro-Bitcoin stance, has consistently supported legislative efforts that encourage adoption and regulatory clarity. However, while MicroStrategy (MSTR) announced a first quarter 2025 loss of $16.49 per share stemming from a $5.9 billion writedown from the drop in price in Bitcoin earlier this year.
However, MicroStrategy remains one of the largest corporate holders of Bitcoin and says it is willing to grow its holdings. To point to long term value in the asset, Saylor said he intended to raise up to $84 billion to acquire additional Bitcoin.
Market Conditions Boost Bitcoin’s Momentum
Bitcoin price rose over 14% in April, benefiting from easing inflation data and growing expectations of interest rate cuts. The PCE inflation rate came in at 2.3% year over year, reinforcing the view that the Federal Reserve may consider lowering interest rates in upcoming meetings.
Moreover, US President Donald Trump recently urged Federal Reserve Chair Jerome Powell to cut interest rates ahead of the next Federal Open Market Committee (FOMC) meeting. Trump claimed that there is “no inflation” and that current economic conditions warrant a looser monetary stance.
Analysts noted that Bitcoin’s performance continues to outpace traditional equity markets. While the S&P 500 has remained mostly flat, Bitcoin’s rise has been supported by easing trade tensions, favorable macro data, and renewed institutional interest.
Different Views from Peter Schiff’s on Bitcoin Role
Jurrien Timmer, Director of Global Macro at Fidelity, commented on Bitcoin’s dual characteristics, comparing it to both gold and speculative technology assets. Unlike Peter Schiff, he noted that Bitcoin can behave differently depending on broader financial conditions.
“Bitcoin has a Dr. Jekyll and Mr. Hyde personality,” Timmer said, explaining that it sometimes acts as hard money but also trades like a risk asset. He added that Bitcoin’s performance has historically been tied to growth in the global money supply and equity markets.
Timmer also shared data showing a recent divergence between gold and Bitcoin based on their Sharpe ratios. He pointed out that gold currently holds a higher Sharpe ratio, indicating more consistent risk-adjusted returns, but suggested that Bitcoin could outperform again if liquidity conditions become more favorable.
According to Glassnode long-term holders continued adding over 254,000 BTC in recent months, demonstrating confidence. However, as BTC prices approach $99,900, the risk of increased sell-side pressure may rise.
Shiba Inu (SHIB), the popular dog-themed meme coin, is making waves with its recent price momentum following the formation of a bullish price action pattern on the daily time frame. The past few days have been favorable for the meme coin, as it has broken out from a descending trendline that acted as a resistance level and further confirmed a breakout from a bullish inverted head and shoulders pattern.
SHIB Technical Analysis and Upcoming Levels
Following the breakout, SHIB turned bullish, partially shifting its market sentiment from a downtrend to an uptrend. According to CoinPedia’s technical analysis, if Shiba Inu’s price continues to rise and closes a daily candle above the $0.0000138 level, there is a strong possibility that the meme coin could surge by 45% to reach the $0.000020 level in the future.
Despite this positive development, Shiba Inu remains below the 200 Exponential Moving Average (EMA) on the daily time frame, keeping the meme coin in a downtrend.
As of now, SHIB’s Relative Strength Index (RSI) stands at 55, indicating strong momentum for the meme coin and suggesting that it has enough room to rise significantly.
Shiba Inu (SHIB) Current Price Momentum
At press time, SHIB is trading near $0.0000139, registering a price surge of over 2% in the past 24 hours. Meanwhile, the meme coin’s trading volume has increased by 6% during the same period, indicating heightened participation from traders and investors compared to the previous day.
Key Liquidation Levels
With this bullish price action, intraday traders appear to be strongly betting on the long side, as reported by the on-chain analytics firm Coinglass.
Data reveals that traders are currently over-leveraged at $0.0000132 on the lower side and $0.00001413 on the upper side, having built $1 million in long positions and $270.50K in short positions.
Additionally, this over-leveraged level suggests that bulls are currently dominating the asset and could support the meme coin in its upcoming rally.
The post SHIB Breakout Alert! Can Shiba Inu Rally 45% to $0.000020? appeared first on Coinpedia Fintech News
Shiba Inu (SHIB), the popular dog-themed meme coin, is making waves with its recent price momentum following the formation of a bullish price action pattern on the daily time frame. The past few days have been favorable for the meme coin, as it has broken out from a descending trendline that acted as a resistance …
Imagine you’re stuck in traffic, waiting forever to get where you need to go. Now, imagine there’s a new highway built just for you—no traffic, no delays, just smooth sailing. That’s Avalanche (AVAX) in the world of crypto. It’s designed to be faster, cheaper, and more scalable than many of its competitors, including Ethereum. But does it live up to the hype? Let’s dive into everything you need to know about Avalanche.
What is Avalanche?
Avalanche is a blockchain platform that’s designed for speed, low transaction fees, and scalability. Think of it as Ethereum’s faster, younger cousin. It allows developers to create decentralized applications (DApps) and even launch their own blockchains (subnets) while keeping everything running smoothly.
It was built to solve some of the biggest problems in crypto: slow transaction speeds, high fees, and network congestion. Ethereum, for example, sometimes struggles with high fees and slow transactions during peak times. Avalanche aims to fix that by offering near-instant finality and extremely low costs.
At its core, Avalanche has its own cryptocurrency called AVAX. It’s used for staking, paying fees, and securing the network. But the real magic of Avalanche lies in its unique structure. Unlike traditional blockchains, Avalanche operates on three different blockchains, each with a specific purpose. We’ll get into how that works in a bit.
History of Avalanche
Avalanche was created by Ava Labs, a company founded by Emin Gün Sirer, a Cornell University professor and blockchain expert. The project started in 2018, and by 2020, it officially launched.
Here’s a quick timeline:
2018 – The Avalanche consensus mechanism was first introduced by a team of researchers.
2019 – Ava Labs raised funding and started working on the network.
2020 – Avalanche launched its mainnet, making it publicly available.
2021 – Avalanche gained massive traction, with AVAX’s price skyrocketing and partnerships forming.
Since then, it has become one of the top blockchains, attracting developers, institutions, and crypto enthusiasts.
History of Avalanche
2018 – The Avalanche consensus mechanism was first introduced.
2019 – Ava Labs raised funding and started working.
2020 – Avalanche launched its mainnet.
2021 – Avalanche gained massive traction.
How Does Avalanche Work?
Unlike traditional blockchains, Avalanche doesn’t rely on a single chain. Instead, it uses three different chains to improve efficiency:
X-Chain (Exchange Chain) – This handles asset creation and transfers, similar to how Bitcoin is used for transactions.
C-Chain (Contract Chain) – This is where smart contracts are executed, making it compatible with Ethereum’s DApps.
P-Chain (Platform Chain) – This manages validators and helps create custom subnets (individual blockchains).
Why does this matter? Because by splitting tasks between these chains, Avalanche avoids congestion, making transactions super fast and cheap.
For example, Ethereum processes around 15 transactions per second (TPS). Avalanche? It can handle over 4,500 TPS. That’s a game-changer.
Advantages of Avalanche
Avalanche has some major advantages that make it stand out:
Speed – Transactions settle in less than two seconds. No more waiting for minutes or even hours.
Low Fees – Compared to Ethereum’s sometimes ridiculous gas fees, Avalanche keeps costs low.
Scalability – The network doesn’t slow down even when usage increases.
Ethereum Compatibility – Developers can easily move their projects from Ethereum to Avalanche.
Security – Avalanche’s unique consensus mechanism makes it more resistant to attacks.
Eco-Friendly – Unlike Bitcoin, which uses proof-of-work (PoW), Avalanche uses proof-of-stake (PoS), which is much more energy-efficient.
Disadvantages of Avalanche
Competition – Ethereum, Solana, and others are also working on scalability solutions.
Centralization Concerns – Some critics argue that a small number of validators control most of the AVAX supply.
Adoption – While growing, it still needs more developers and projects to truly compete with Ethereum.
Is Avalanche a Good Investment?
This is the big question: should you invest in AVAX?
Like any crypto, AVAX has had its ups and downs. It saw huge gains in 2021, reaching an all-time high of around $146. However, it also faced major corrections.
Here’s why some investors are bullish:
Strong technology – Avalanche’s speed and low fees make it attractive for DApps.
Growing ecosystem – More projects are launching on Avalanche.
Institutional interest – Big players are taking notice.
But there are risks too:
Crypto volatility – Prices can swing wildly.
Regulatory uncertainty – Governments may crack down on crypto.
Competition – Ethereum and others aren’t standing still.
If you believe in Avalanche’s long-term potential, it could be a solid investment. But always do your research and never invest more than you can afford to lose.
Is Avalanche a Good Investment?
Here’s why some investors are bullish:
Strong technology
Growing ecosystem
Institutional interest
But there are risks too:
Crypto volatility
Regulatory uncertainty
Competition
The Future of Avalanche
Avalanche has a bright future, but it won’t be an easy ride. Here’s what could happen next:
More Adoption – If more developers and institutions join, Avalanche could challenge Ethereum.
Better Upgrades – Avalanche continues to improve its scalability and security.
Stronger Partnerships – More collaborations could boost its ecosystem.
Price Growth? – If demand increases, AVAX could see price appreciation.
Of course, nothing is guaranteed in crypto. Avalanche has potential, but it also faces challenges.
Final Thoughts
Avalanche is like the high-speed train of the crypto world. It’s fast, efficient, and designed to handle huge amounts of traffic without slowing down. If you’re into crypto, it’s definitely worth keeping an eye on.
Will it replace Ethereum? Maybe not. But will it play a major role in the future of blockchain? Very likely.
So, whether you’re an investor, developer, or just curious about crypto, Avalanche is one name you should know.
FAQs
What is Avalanche (AVAX) and how does it work?
Avalanche is a fast, low-cost blockchain using three chains (X-Chain, C-Chain, P-Chain) to improve scalability and efficiency.
How is Avalanche different from Ethereum?
Avalanche is faster (4,500 TPS vs. Ethereum’s 15 TPS), has lower fees, and supports subnets for custom blockchains.
Is AVAX a good investment?
AVAX has strong tech, growing adoption, and institutional interest but faces risks like volatility and competition.
What is the future of Avalanche?
Avalanche aims for wider adoption, better upgrades, stronger partnerships, and potential price growth in the crypto space.
The post Learn Avalanche in 7 Minutes: A Step-by-Step Guide appeared first on Coinpedia Fintech News
Imagine you’re stuck in traffic, waiting forever to get where you need to go. Now, imagine there’s a new highway built just for you—no traffic, no delays, just smooth sailing. That’s Avalanche (AVAX) in the world of crypto. It’s designed to be faster, cheaper, and more scalable than many of its competitors, including Ethereum. But …
