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A technical Analysis indicator suggests the decentralized finance (DeFi) altcoin Maker (MKR) could be poised for a correction, according to a popular crypto analyst. Trader Ali Martinez tells his 128,100 followers on the social media platform X that MKR’s Tom DeMark (TD) sequential indicator flashed a bearish signal on its 12-hour chart. Traders use the TD Sequential Indicator to predict potential trend reversals for tokens based on the closing prices of their 13 previous bars or candles. “Maker MKR could be gearing up for a pullback, as the TD Sequential indicator flashes a sell signal on the 12-hour chart!” Source: Ali Martinez/X MKR is trading at $1,441 at time of writing. The 85th-ranked crypto asset by market cap is down nearly 1.5% in the past 24 hours but is up nearly 45% in the past seven days. Martinez also shares his outlook on the newly rebranded layer-1 blockchain Sonic (S), which was previously known as Fantom. “I wonder i...

SEC began investigtions into Ethereum as a security in March 2023. The regulator sent subpoenas and a Wells Notice to Consensys, a Ethereum development firm. The US Securities and Exchange Commission (SEC) has reportedly viewed Ethereum as an unregistered security for at least a year, FOX Business reported  on Monday . According to the publication, this consideration about ETH comes to light following court filings by Ethereum software developer company Consensys. The company, which sued the SEC last week amid investigations around the cryptocurrency, maintains that Ethereum is not a security. Consensys sued the SEC The Consensys team’s lawsuit filed in Texas accused the Gary Gensler led SEC of “overreach” in its regulation of the crypto space. The lawsuit also asked the court to declare ETH not a security . SEC’s Wells Notice to Consensys and an investigation against the Ethereum Foundation have been key events to unfold in...

ETHFI, the governance token of liquid restaking protocol Ether.Fi, fell nearly 30% after its market debut. Ether.Fi’s token listed on major exchanges like Binance and OKX. The price of ETHFI, the governance token of liquid restaking protocol Ether.Fi, has declined 30% just hours after its market debut. ETHFI listed on major exchanges, including Binance and OKX, and traded to highs of $5.32. However, with profit taking in full swing, the token’s price has fallen by about 30% to hit lows of $3.30. According to CoinGecko, Ether.Fi has a market cap of $394 million at the time of writing and a fully diluted valuation (FDV) of $3.4 billion. The token’s circulation supply is 115.2 million ETHFI while total supply is 1 billion ETHFI. Ether.Fi was seeing trading volumes of $250 million. DeFiLlama data shows total value locked (TVL) at $2.97 billion. That’s slightly down from the peak of $3.13 billion on March 15, 2024. ETHFI tokenomics Ethe...

“Securities” has been a rather controversial term in the cryptocurrency ecosystem. As Ripple tries to take this tag off of XRP, the Securities and Exchange Commission [SEC] continued to drag more digital assets like Ethereum [ETH] into the category. More recently, SEC Chair Gary Gensler noted how tokens that employ staking protocols should be treated as securities. Recently, Gensler noted how proof-of-stake [PoS] tokens are required to be regulated as securities. Ethereum recently shifted to PoS through the Merge. Gensler further said, “The investing public is investing anticipating a return, anticipating something on these tokens, whether they’re proof-of-stake tokens, where they’re also looking to get returns on those proof-of-stake tokens and getting 2%, 4%, 18% returns.” This wasn’t all. He explained why these assets should be under the radar of the SEC. He further added, “Whatever they’re promoting and putting into a protocol, and locking up their tokens in a...

Cryptocurrencies have been gaining global attraction and adoption. While there are positive sides to the decentralized nature of cryptocurrencies, bad actors can utilize this feature to carry out illicit activities. Several sanctions have been imposed against Russia since it launched a war on Ukraine. However, cryptocurrencies were used as a loophole to evade these sanctions. According to the latest details from a press release by the US Department of Treasury, the Office of Foreign Assets Control has blacklisted a Bitcoin and Ethereum address linked to the evasion of sanctions. Read more: Shiba Inu, BONE and LEASH Accepted for Visa Cards: Details Source: Outlook India US Treasury Department blacklists Igor Zimenkov and his son’s cryptocurrency addresses OFAC has identified that Igor Zimenkov and his son are involved in a broad network of individuals and entities that allegedly tried to sell military and defense equipment to third-country governments. Accordin...

Shiba Inu (SHIB)-focussed Twitter handle, “SHIB Knight,” claims that Kai Ken Inu, a community-focused project, is working on a bridge between Ethereum ( ETH ) and Shibarium. The bridge will allow users to move assets between the two networks. $KAIK already 1000x up from launch, ran to 10Mil mcap yesterday from 2mil mcap, with a healthy and bullish chart. 🔥 They are building a Shibarium bridge which will allow holders to port assets from ETH to #Shibarium when it launches💯 Chart💹: https://t.co/t4brxWz60e pic.twitter.com/UWB0eynYuy — $SHIB KNIGHT (@army_shiba) January 25, 2023 However, it should be noted that the official Shiba Inu (SHIB) team has not given any word regarding this development. Non ETH eless, SHIB fans, collectively called SHIB Army, are excited about the unconfirmed project. Consequently, Kai Ken Inu’s native token, KAIK, has spiked amid the enthusiasm. According to LiveCoinWatch, KAIK has rallied up to 1440% i...