Guru-Investingsummarized its top three news stories on the biggest crypto events from last weekend, check them out.
Guru-Investingsummarized its top three news stories on the biggest crypto events from last weekend, check them out.
Bitcoin (BTC) Shows ‘Overheat Signal’, Major Correction Possible
Even as Bitcoin explores new highs, analytics platform CryptoQuant warns market participants that the largest cryptocurrency could experience a major fix soon. In a recent thread x, the analysis platform shared some factors that support the case, underlining that “the bull-bear market cycle indicator has signaled an overheated bullish phase as prices soared above $65,000.” Another factor mentioned is that miners are being overpaid, as profitability jumped to the highest level since December 2023. Additionally, CryptoQuant highlighted that traders’ unrealized profit margins have reached 57%, which It is historically associated with upcoming corrections as traders will eventually make profits. While the platform has offered no information on how steeply Bitcoin could fall with the impending correction, its founder and CEO Ki Young Ju previously shared that Bitcoin will likely not return to its BTC ETF spot trading price. of around $46,376.
Shytoshi Kusama Issues Crucial BONE Call to Shiba Inu Community
On SaturdayOn March 9, Shiba Inu leader Shytoshi Kusama uploaded to the X platform. to urge The SHIB community votes for the Bone ShibaSwap (BONE) token as it has the possibility of listing on the Binance Futures platform. Last week, Binance introduced a new tool called Binance Futures Next, which allows the community to vote for the tokens they want to see listed on the Binance Futures market. At the time of writing, BONE ranks fifth on the platform for picks, comprising 49,205. It is behind Delysium (182,296 picks), Milady Meme Coin (121,755 picks), Baby Doge Coin (67,842 picks), and Metis (65,400). Kusama then added in his next post Buoyed by news of the possible listing on Binance, BONE soared more than 23% on Friday. Currently, BONE is trading at $1.10, down 0.12% in the last 24 hours.
Vitalik Buterin opens up about Ethereum’s strategy against quantum attacks
In a recent blog postEthereum co-founder Vitalik Buterin has shared ideas regarding the resilience of his creation against possible quantum threats. He drew attention to the inherent vulnerability of ETH addresses, as well as the implications of quantum computing on cryptographic operations. Using the Ethereum blockchain architecture, Buterin suggested a feasible approach to reduce the risks associated with quantum computing. His approach combines the use of a strategic hard fork with quantum-resistant cryptographic techniques. By going back to a previous block and making changes to transaction protocols, Ethereum could prevent large-scale fund breaches. Buterin emphasizes the role of advanced cryptographic mechanisms like STARK in strengthening Ethereum’s security posture against quantum threats. These developments, along with modifications to transaction types and validation processes, could make Ethereum more robust in the event of a quantum emergency.
