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A sharp spike in the Miners’ Position Index (MPI) earlier this week raised concerns about potential selling pressure from Bitcoin miners. However, a closer look at on-chain data reveals a detailed take on miner’s behavior. Could this shift in miner activity signal that the BTC bottom is in?” MPI Surge Sparks Profit-Taking Speculation The MPI,
The post Are Bitcoin Miners Booking Profits As BTC Price Hits $123K- Is A Sell-Off Ahead? appeared first on CoinGape.
5 March 2025, San Francisco – Taiko, the first based rollup scaling Ethereum, is bringing together the brightest minds in Ethereum to discuss based rollups, the next phase in Ethereum scaling.
During Eth San Francisco week, this event will feature major cryptocurrency and Ethereum speakers, including Vitalik Buterin, co-founder of Ethereum, Professor Dan Boneh, Stanford University Cryptography Pioneer, and Tomas Stańczak, CEO of Netheremind and Co-Director of the Etherem Foundation.
“We are proud to be hosting this inaugural event at such a pivotal moment for Ethereum. The network has grown and developed significantly since its inception, and we are now entering a new phase of development. Being permissionless is no longer an option but rather is central to Ethereum’s long-term success. Based rollups are at the forefront of making a usable, permissionless, and adaptable Ethereum possible. The Based Rollup Summit represents the first dedicated gathering of those pioneering minds taking Ethereum even further,” said Joaquin Mendes, COO of Taiko.
The speaker list is filled with innovators building in the based rollup and scalability space, including Near Protocol, Netheremind, Succinct, Espreso Systems, Spire, and Puffer.
Those attending will be able to get up to speed with the based rollup ecosystem and experience full access to the Exploratorium’s exhibits, placing based rollups in the larger context of technological development.
Attendees can also expect to talk and interact with founders, developers, investors, and visionaries shaping the future of Layer 2 solutions, cryptocurrencies, and artificial intelligence. Teams including a16z, Near, Succint, Bankless, Puffer, Lubin, Fabric, Espresso Systems, L2IV, SNZ Holdings, Hashed, and Stanford Blockchain.
”From developers to investors to founders to enthusiasts, the Based Rollup Summit is the opportunity to be part of a defining moment in the evolution of Ethereum scaling solutions,” said Mendes.
Join the discussions and networking here: Based Rollup Summit.
The post Taiko Hosts First-Ever Based Rollup Summit to Promote Ethereum’s Permissionless Future appeared first on BeInCrypto.
Polymarket is entering a partnership with X, Elon Musk’s social media platform. The partnership doesn’t have a lot of details yet, but it’s already caused a market impact.
Polygon’s price jumped significantly after this news.
Polymarket, a major online prediction market, hasn’t had a lot of previous interactions with X. However, its landmark new alliance with Elon Musk’s X is a major market development. Promising to become the social network’s “official prediction market partner,” Polymarket teased at future gains.
“Combining Polymarket’s accurate, unbiased, and real-time prediction market probabilities with Grok’s analysis and 𝕏’s real time insights will enable us to provide contextualized, data-driven insights to millions of Polymarket users around the world instantaneously. We are proud to work with 𝕏 as the official prediction market partner and to continue our fruitful collaboration,” claimed Shayne Coplan, founder and CEO of Polymarket.
Details are still under wraps, but both firms said Polymarket odds and widgets will soon appear inside X posts and livestreams, letting users stake on everything from US elections to sports finals with a few taps. Polymarket was built on Polygon, an Ethereum-based L2 scaling solution, and its token spiked immediately after the announcement.
Whatever specific plans Polymarket and X have for their continued partnership, it has the potential to significantly change the crypto ecosystem.
The post Polymarket Announces Partnership with X appeared first on BeInCrypto.
XRP price has shot up nearly 5% in the past 12 hours in response to the US-China trade deal. Apart from Ripple the altcoins and the broader crypto markets are taking off. Bitcoin (BTC) price has surpassed the $97,000 threshold with Ethereum and others up 2%.
Currently, XRP price stands at $2.16, hinting at a potential breakout rally if the bullish sentiments sustain. As the token goes up, let’s explore the bullish factors supporting its upside potential.
With a near 2% rise, XRP is at $2.16. However, the bullish trend faces critical resistance from the overhead trend line and the 50 and 100 EMA lines. Furthermore, the MACD and signal lines have recently given a negative crossover.
With multiple technical setbacks, the short-term surge in bullish momentum must surpass the overhead obstacles to sustain a bullish ride. However, the overnight surge has concluded the four-day downfall streak in the XRP price trend. This increases the possibility of a price jump in XRP.
The sudden reversal and increased bullish sentiments in Ripple’s XRP come before the anticipation of a U.S.-China trade deal meeting in Switzerland.
In a recent interview, Scott Bessent, the 79th U.S. Treasury Secretary, revealed a key upcoming discussion between the U.S. and China in Switzerland over the coming weekend. Scott Bessent revealed his plan to visit Switzerland to discuss trade deals with the Swiss. Chinese delegates, presently on a visit to Europe, are willing to discuss a potential way ahead in trade deals. Bessent said,
“The world has been coming to the U.S., and China has been the missing piece. We will meet on Saturday and Sunday to discuss our shared interests.”
Bessent adds that the current tariffs and trade barriers are unsustainable, but we don’t want to decouple. The treasury secretary further added that tariffs and other barriers are coming down as the world starts to renegotiate. “We are bringing strategic industries back home, from steel to semiconductors to medicine, and Americans will get a better deal.”
With the news, the NASDAQ 100 and S&P 500 registered a near 1% jump despite a weaker opening. This reflects the sudden optimism spike in the US markets.
In a news release, China’s Ministry of Commerce, MOFCOM, has confirmed the news that Vice Premier He Lifeng will visit Switzerland. The vice premier will be a Chinese representative for the China-U.S. Economic and Trade Affairs. During his visit to Switzerland, he will meet the U.S. Treasury Secretary Scott Bessent.
The news release also states, “China has carefully evaluated these messages, taking into full account global expectations, China’s own interests, and the appeals of American businesses and consumers. China has decided to engage with the U.S. side.”
The development in the US-China trade deal discussion has pumped up the US and crypto markets alike. Bitcoin is up by nearly 3%. Similarly, altcoins like Ethereum witnessed more than 1.50%, and it has fueled Ripple’s XRP token surge of 1.85%.
The XRP price surges as the global trade war witnesses the two rivals coming back to talking terms. This could result in a key pivot point for global markets and risk assets like crypto.
The post Why is the XRP Price Up Today? appeared first on CoinGape.