Dogwifhat (WIF) pump 21%, analysts expect its stock price to be 4.5 US dollars Dogwifhat (WIF), wearing a knitted hat, has once again become the focus of attention in the world of cryptocurrency. After a price big dump in April, WIF has reignited its meme magic and skyrocketed 21% in the past week, reigniting the dream of a $5 target price. A combination of factors has contributed to this rise. The renewed interest of spot and derivatives market traders has driven WIF's daily trading volume to an astonishing $507 million. The surge in liquidity indicates that the market is eager to rejoin the Dogwifhat trend. This feast has also extended to the derivatives sector, with a surge in trading volume of 53.9%. The indicator of leveraged holdings - open interest (OI) has also shown a healthy growth of 25%, indicating that traders are placing heavy bets on the future of WIF. It's like dogs being let out after a long nap. The suppressed demand for WIF has finally been released and is triggering a frenzy of buying. Can this dog-themed meme coin sustain its upward trend? Maybe it can. Maybe it can't. Given the recent hype around WIF, analysts are busy adjusting their price targets. Popular cryptocurrency forecasting companies have revised their forecast to a conservative $4.50 for WIF in the next bull market. However, some analysts have even bolder predictions. A cryptocurrency prophet who accurately predicted the bottom of WIF in June is now setting a target price in the double digits. Bluntz cites the technical analysis tool Elliott Waves and believes that WIF is poised for a significant pump. Analysts say that the recent uptick is the market's first impulsive pump in several months, and could be the beginning of Dogwifhat's truly epic journey. While technical indicators and charts paint an optimistic picture, it is crucial to remember the core and soul of Dogwifhat: its vibrant community. Behind WIF, an enthusiastic army continues to maintain the relevance of meme coins by constantly releasing funny dog-themed internet memes and community airdrops. This unwavering support has created a powerful force that cannot be ignored in the often whimsical world of meme coins. Meanwhile, according to the data, the forecast for Dogwifhat (DWFH) is very bullish, with a projected price increase of 223% by July 31, 2024, reaching $7.30. Market sentiment and technical indicators support this bullish outlook. The current market sentiment is bullish, reflecting optimism in the short-term outlook, while the fear and greed index is 53, indicating a neutral market environment. This neutrality suggests market stability, with market participants awaiting further signals. In the past month, Dogwifhat's performance has been mixed, with a 37% increase. The price has moved in a positive direction for 11 days out of the 30 days, with a high volatility of 22.27%. This high volatility indicates that the price fluctuates greatly, which is attractive to short-term traders but poses risks to long-term investors. (Data Source: Christian Encila)

Bitcoin suffers heavy losses: another 6.3 billion USD exits, and the price drops The once hot cryptocurrency market continues to decline, with the undisputed king of the digital domain, Bitcoin, leading the market's downturn. Bitcoin experienced a period of rapid ascent earlier this year, breaking through the $73,000 level, but then shed its king's cloak, falling to new lows and dragging the entire crypto ecosystem into a cold and uncertain period. In the past few weeks, a large amount of funds have fled Bitcoin. Investors have panicked about the long-term slump in Bitcoin prices and have been fleeing this flagship cryptocurrency. A recent report paints a bleak picture, showing that just last week, Bitcoin saw a capital outflow of up to $630 million. In the previous week, the outflow of funds from Bitcoin also reached $631 million, setting a record in the past two weeks. The phenomenon of fund outflow is not limited to Bitcoin, and other well-known cryptocurrencies such as Ethereum have also experienced investor outflows. Sell-off is not limited to individual holdings of Bitcoin. Bitcoin Exchange Traded Funds (ETFs) have also been hit hard, allowing traditional investors to get involved in cryptocurrencies without directly holding them. Major issuers like Fidelity and Grayscale have seen capital outflows for six consecutive days, with hundreds of millions of dollars disappearing from their vaults. The massive outflows from Bitcoin and Bitcoin ETFs paint a clear picture: investors are losing confidence and seeking refuge from the cryptocurrency storm. Despite the overall bearish sentiment, there is still a glimmer of hope amid the gloom. The short positions (essentially betting on price decline) unexpectedly decreased by 1.2 million dollars. This can be explained as a decrease in bearish bets, suggesting a possible change in investor sentiment. In addition, some altcoins (such as Solana, Litecoin, and Polygon) have risen against the trend and achieved significant gains. This indicates that not all bets are impossible, and some investors may be seeking opportunities in other corners of the cryptocurrency market. The cryptocurrency market is no stranger to significant fluctuations. Bitcoin itself has experienced epic rise and fall cycles. However, the current downturn has raised concerns about a prolonged 'crypto winter' - a period of sustained decline. At the same time, the much-anticipated Ethereum ETF approval was initially seen as a potential market catalyst, but seems to have done little to dispel the current chill. Will investors regain interest in digital assets, leading to a thaw caused by Bitcoin? Or will the current capital outflow develop into a full-blown avalanche, plunging the cryptocurrency market into a deficit? The unfolding of this cryptocurrency winter remains to be seen. (Data source: Christian Encila)

Analysis: 5 on-chain indicators indicate that the bull market has just begun. According to reports, on-chain indicators such as Bitcoin MVRV Z-Score, Puell Multiple, and HODL Waves paint a bullish picture for Bitcoin investors. As emphasized by analyst "TLDR's ELI5" in an article on X on May 19th, these five on-chain indicators indicate that it is just the beginning. 1. Bitcoin's market share exceeds 56%: Historically, the bull market of cryptocurrencies began with Bitcoin's dominant position. Most traders have sold off their altcoins in the previous bear market cycle. According to data, Bitcoin still holds a high market dominance, slightly above 56%. Since October 2023, Bitcoin's market share has remained above 50%. 2. Bitcoin MVRV Z-Score below 6: According to the chart, the Bitcoin MVRV Z-Score, which compares the current market value or market capitalization of an asset with its historical average, typically reaches around 6 during peak cycles. Based on the data, it is currently less than half of that number and has not exceeded 6 since March 2021. 3. Puell Multiple has not reached 3: Puell Multiple is another indicator that is consistent with the peak of the cycle. The calculation method of this indicator is to divide the daily value of mined Bitcoin by the annual moving average of that value. According to the data, Puell Multiple dropped below 1 after the halving on April 20th. The peak exceeding 3 usually coincides with the top of the cycle, reaching only 2.4 during the price increase in mid-March 2024. 4. HODL Waves HODL Waves: According to the data, the chart of how much BTC different groups based on HODL Waves hold is bullish on Bitcoin. Realized Cap HODL Waves provides a macro perspective on how much Bitcoin people who recently made purchases hold compared to earlier periods. The decrease in the peak of the young wave segment indicates that selling pressure has been exhausted, and there may be more room for further upward movement. 5. The income of Bitcoin miners per hash value: The fifth bullish on-chain indicator is the income of miners per hash. It basically shows how much money miners have earned for their proof of work. Although it will decrease over time as the network difficulty increases, according to ELI5, the last two surges to $0.3 per hash per second occurred during previous market cycle peaks. (Data source: MARTIN YOUNG)

Toncoin Tsunami: $1 billion Whale activity shook the price - what's next? Despite the recent surge in activity from large investors, commonly referred to as "Whales," the price of Toncoin (TON) appears to be heading towards a fluctuation. Meanwhile, analysts are concerned about the weak technical indicators of the cryptocurrency and its potential breakthrough of key support levels. Cryptocurrency analyst Joao Wedson observed a significant increase in whale activity on the Toncoin network in a recent report. Over the past few weeks, the trading volume of over 100,000 tons (equivalent to approximately $645,000 at current prices) has exceeded a staggering $1 billion. This indicates that major holders have been actively transferring a large amount of TON, but the purpose behind these transfers remains unclear. Wedson said that although the Whale did cause a sensation, it does not necessarily mean that the price of TON will be smooth sailing. He pointed out that although large transactions dominate the network volume (over 50%), their impact on the price seems to be negligible. On the contrary, although smaller transactions account for the majority of overall activities, they account for a much smaller share of the total volume. Despite the influx of whale activities, the price of Toncoin has been showing signs of weakness. It is worth noting that TON recently fell below the 20-day Exponential Moving Average (EMA), which is a technical indicator used to measure short-term trends. This indicates that the average price of TON in the past 20 days has been declining, implying a shift in selling pressure. Moving Averages Convergence Divergence (MACD) indicator is about to cross, intensifying bearish sentiment. The MACD line appears ready to fall below its signal line, which traditionally indicates a loss of upward momentum and potential price decline. These technical indicators are flashing danger signals for TON. If the price breaks below the lower line of the rising channel (which has been acting as support), it is likely to fall to $5.70. Toncoin's current situation has posed a challenge for investors. The significant activity of Whales suggests potential bullish interest, but the technical indicators paint a gloomy picture. The key question remains: Are whales accumulating or distributing? If they are accumulating, this could be a buying opportunity before a price rebound. However, if they are selling their holdings, it could be a sign of a troubled ship. (DataSource: Christian Encila)

On May 3, Steve Sosnick, chief strategist of Interactive Brokers, said that this is a set of market-friendly non-farm payrolls, at least in the short term. We are at a time when bad news can also be good news. The cooling of the economy they paint is exactly what bond investors want to see, and the stock market's reaction suggests that the market immediately grasped it. In the longer term, we can argue whether this marks the start of a deterioration in the economy, but that would have ruined this morning's market revelry.

ADA Cardano is at risk of falling to $0.4 as important indicators turn bearish Cardano (ADA) is at risk of a significant price drop as some on-chain indicators paint a bearish sentiment on the crypto token. This coincides with a recent technical analysis by a cryptocurrency analyst who predicted that ADA could fall to $0.4. On-chain analytics platform data shows that ADA's trading volume has declined from its recent peak. The cryptocurrency had a daily trading volume of $1.53 billion on March 14 but has been steadily declining ever since, with a daily trading volume of $445.83 million on April 10. In addition, the data shows three other on-chain indicators that indicate bearish sentiment towards crypto tokens. The first is "net network growth", which has increased by 0.17% over the past week. This metric measures the total number of ADA addresses, which means that more users have left the ecosystem in the last week than new users have joined. The second indicator is the "in-the-money" indicator, which has decreased by 0.20% over the past 7 days. This metric measures the number of ADA holders who are currently making a profit at the price level of a crypto token. At the same time, large transactions on the Cardano network have also dropped recently, falling by 2.60. These large transactions refer to transactions in excess of $100,000, indicating that ADA whales are cooling down investing in crypto tokens. These bearish on-chain indicators further reinforced the analysis of crypto analyst Alan Santana, in which he mentioned that ADA could fall between $0.4444 and $0.3450. At the time, he noted that the outlook for ADA remains bearish from a technical analysis point of view, and that this outlook will continue until ADA finds strong support on the chart. The data shows that the bear market also has a firm grip on the ADA ecosystem. In the last 24 hours, the ADA derivatives market has liquidated $632,720, most of which liquidated as long positions ($502,170). At the same time, the ADA derivatives market saw a drop in trading volume of more than 11%, indicating a decline in crypto investor interest in ADA tokens. In addition, options volume paints a more pessimistic picture, with a 92% drop in the last 24 hours. According to the data, ADA is trading at around $0.59 at the time of writing, up more than 1% in the last 24 hours. (Source: Scott Matherson)

BONK Bonked: Price Plunges 30% in 7 Days – Will There Be More Retracements Ahead? Memecoin BONK faced a major setback, with its price plummeting 30% last week, sparking discussions about the need to reevaluate the meme token's predictions. The drop in value has been accompanied by a drop in BONK's open interest to its lowest level in the past month, suggesting a potential challenge for the coin. The recent plunge in the price of BONK has caused concern among investors and traders, with key technical indicators suggesting that its value could fall further. Currently, BONK is trading at $0.000023, making it one of the biggest losing cryptocurrencies over the past week. As market dynamics continue to evolve, the future trajectory of altcoins remains uncertain. After the rejection of $0.00004, the price of BONK lost momentum and the value adjusted by 35%. Since then, the meme coin has gone through a period of sideways trading. As volatility increased and support was breached, the bulls lost momentum, and since then, the market has been moving sideways. A recent analysis of BONN's price performance shows that market sentiment has shifted to a bearish outlook and weighted sentiment has turned negative, with key technical indicators confirming the existence of bearish sentiment. Unless there is a significant shift in market dynamics, this negative sentiment among market participants could lead to a further decline in the value of BONK. The cryptocurrency's futures open interest fell to its lowest level in a month, causing its price to fall. According to statistics, BONK's open interest began to decline on March 5 and has since fallen by 60%. As open interest decreases, so does traders' interest or participation in the asset derivatives market. This usually happens when investor sentiment changes, leading to more people trying to cut their losses or take profits. BONK's recent price plunge has had a significant impact on investor sentiment, with many taking a cautious approach to the coin's future prospects. This shift in sentiment has also affected trading volume and market activity as investors reassess their positions and strategies based on BONN's price movements. When market watchers look at BONN's price predictions, different outlooks emerge for its future performance. While some forecasts suggest a price of $0.000018 in 2024, others paint a more optimistic picture, with an average price of $0.000067 expected by April 17, 2024. These contrasting predictions highlight the inherent volatility and unpredictability of the cryptocurrency market. (Source: Christian Encila)

Ethereum traders are targeting $3,000, but historical data raises some red flags for the ETH price ETH bulls are calling for $3,000 as ETH's next stop, but the AltCoin has corrected 46% when it last traded above that level. Following Ethereum's rising trend over the past 10 days, the price has been on an upward trend, with a cumulative increase of 21.5% during this period, approaching the $2,800 level. Crypto Assets's bullish momentum has been attributed to the massive inflow of recently launched Spot Bitcoin Bitcoin however, there are other drivers for the Ether coin that could push its price above $3,000 – a level that left scars when it was last tested in March 2022. Will the outcome of Ether's eventual Rebound to $3,000 be different? From a bullish perspective, Ether could consolidate its sub-leadership position as the second Crypto Assets to list Spot ETFs on US exchanges. This will set it apart from competitors such as Solana and BNB Chain in terms of access and regulation. Including that the exchange is still facing a lawsuit from the United States SEC (SEC) regarding the issuance of securities. Therefore, the approval of the Ethereum ETF in the United States will greatly reduce investor uncertainty. Other positive drivers for Ethereum include the Dencun network upgrade, which is expected to take place on March 13. One of the purposes of Hard Fork is to drop Ethereum the Transaction Cost of Layer 2. By providing more block space and dropping aggregated gas costs, these changes can potentially increase the usage of its Decentralization Applications (DApps) and increase deposits in its Smart Contracts. This, in turn, means a higher demand for ETH. Ether bulls have multiple reasons to believe $3,000 is within reach, but history has shown that maintaining such a price level is much more difficult. For example, in the three weeks leading up to April 3, 2022, ETH rose by 42%, from $2,520 to $3,580. However, this rally proved unsustainable, and its price plummeted by 46% over the next 40 days. Traders are now questioning whether Ether will face a similar outcome this time around. The first indicator that should be analyzed is Ethereum's contango, which indicates the need for leverage between longs (buyers) and bears (sellers). Since there is no variable funding intrerest rate, professional traders prefer monthly futures contracts, but these instruments tend to trade at a premium of 5% to 10% to compensate for their longer settlement periods. The data shows that on February 10, the ETH futures premium soared above the 10% neutral threshold and is currently hovering around 15%. Although not considered excessively high, this level suggests that the bulls need additional leverage as ETH rises from $2,300 to the current $2,800 level. In comparison, the annualized premium (basis rate) of 5.5% in early April 2022 was considered neutral. One should analyze the Options market to better gauge how professional traders use the 25% Delta skew as a proxy for positioning. If a trader expects the price of Ethereum to fall, the deviation indicator will rise above 7%, while the deviation during periods of excitement is usually -7%. The Delta Skewness indicator entered the -7% threshold of the Bull Market on February 9 and is now near its lowest level in three months. These findings, consistent with ETH futures data, paint a picture of moderate optimism, which, while not excessive, is unbalanced between bulls and bears. Traders who bet on price increases based on the likelihood of Ethereum Spot ETF approval may be disappointed, especially if they use leverage. Even with a 70% chance of approval from Bloomberg ETF senior analysts, the SEC's final deadline is May 23, which means that even if ETH breaches $3,000 before the event, price Fluctuation poses a significant liquidation risk. Nevertheless, Ethereum Derivatives indicators show a completely different picture from April 2022, so for ETH bulls everything is not yet determined. (DATA SOURCE: MARCEL PECHMAN)

According to IT Home on November 28, Microsoft has now begun to push the "Paint" app integrated with DALL-E 3 to all Windows 11 users, which can be opened through the "Cocreator" button. However, the feature was previously limited to a select group of users in the US, France, UK, Australia, Canada, Italy, and Germany, and it is unclear if it will be available to all users. The DALL-E model is an image generation model developed by OpenAI that has previously been used in Microsoft's Bing image generation feature.

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Ethereum rally pauses: What is the future outlook for ETH price Ethereum (ETH), the leader in the cryptocurrency market, has slowed its rally recently, with prices stabilizing after a sharp rise. The pause in the price spike has drawn attention to the question of when Ethereum will resume its upward trajectory. An examination of Ethereum's chart shows that it entered a consolidation phase after a sharp rally, suggesting that the market is looking for new support levels and preparing for future movements. Despite this pause, Ethereum's price is still comfortably above the 50-day and 100-day moving averages, suggesting that the overall trend remains bullish. The Relative Strength Index (RSI) has retreated from the overbought zone, suggesting that there may be room for further upside in the price. If Ethereum maintains its current support level and avoids breaking below the moving average, there is the possibility of another bullish rally. This is likely to be driven by increased adoption and positive market sentiment. Technical analysts will be watching for signs such as the narrowing of the Bollinger Bands and a subsequent breakout of the upper Bollinger Bands, which could mark the beginning of a new bullish phase. On the other hand, a break below the moving average line may indicate a bearish reversal. This could be exacerbated by increased selling pressure and a negative shift in market sentiment. The bearish crossover of the Moving Average Convergence Divergence (MACD) will further validate this possibility, hinting at the need to prepare for a potential downtrend. Interestingly, Ethereum's burn rate grew steadily, exceeding emissions six months after the Merge upgrade, leading to deflation. However, the recent drop in the daily burn rate to a seven-month low means that the supply and demand dynamics have changed, which could affect the price of Ethereum. Investors should keep an eye on the continuation of this net consumption trend, as a decrease in supply combined with stable or rising demand could lead to higher prices. Ethereum's current market position is a combination of integration and potential. While the short-term outlook suggests that the rally may continue to pause, Ethereum's strong fundamentals and the continued development of its ecosystem paint a promising picture for its future. As Ethereum continues to evolve and adapt in the ever-changing blockchain landscape, its next price action will be closely watched by investors and enthusiasts with its next major advancement in the cryptocurrency market expected. (Source: Jack Williams)

NFT project Bored Ape Yacht Club said on social media that on Nov. 5, Yuga Labs began receiving reports of some attendees and staff experiencing eye pain, vision problems or skin allergies after Saturday night's ApeFest community event, Golden Finance reported. We are deeply concerned about these reports and will continue to follow them. We immediately contacted the affected attendees to understand their symptoms and guide our investigation. At the same time, we commenced an investigation, which included a thorough review of inventory records, material records and specification sheets (including paint and lighting), interviews with contractors who supplied and built the ApeFest installation, and testing and site inspections. The results of the investigation indicated that the ultraviolet spotlight installed in the corner of the event was likely the cause of the reported attendees' eye and skin problems. We continue to encourage anyone experiencing symptoms to seek medical attention and share these findings with their healthcare provider.

Golden Finance reported that the SBF fraud trial is ongoing, and former Alameda Research CEO and SBF’s former lover Caroline Ellison will appear in court to testify today. The testimony may provide the most in-depth and potentially damaging disclosures about FTX and Alameda’s financial dealings. Because of Ellison's close ties to the SBF and position at Alameda, she became a focus of the trial even before she was scheduled to testify. Prosecutors plan to use Ellison's testimony to uncover alleged financial impropriety between FTX and Alameda. Instead, SBF's defense team aimed to paint Ellison in a negative light, emphasizing her perceived lack of business prowess and personal motivations given their previous relationship. Ellison's 2022 court statement already hinted at the depth of her upcoming testimony, showing that SBF played a central role in a scheme that allegedly drained $10 billion from clients.

Golden Finance reported that John Deaton, a lawyer for XRP supporters and a cryptocurrency advocate, criticized former FTX CEO SBF’s sympathizers. Deaton said that those who paint SBF as a well-intentioned man who made mistakes and blamed the company's rapid expansion on his loss of control and were unfit to manage people's finances, Deaton suggested that such sympathizers should not be considered for CBS (CBS)'s "60 Minutes" and other famous TV programs.

According to a report by Science and Technology Innovation Board Daily on September 28, Microsoft has begun testing a DALL-E-driven text-to-image creation tool Paint Cocreator in Windows 11’s built-in drawing software Paint. Users can generate art by inputting text descriptions. To create images, you can also select an artistic style and generate 3 image samples for users to choose from. Once you get an image you like, you can also edit it by adding layers and more. As previously reported, Microsoft released a major update for Windows 11, including Copilot and AI-driven drawing tools.

According to Jiemian News, on September 27, Microsoft released a major update for Windows 11. This update includes the new Windows Copilot, AI enhancements for Paint, Snipping Tool and Photos, and RGB lighting support. Among them, Windows Copilot is the most important feature of this update. It will exist as an AI-based digital assistant that can bring the Bing Chat function directly to the Windows 11 desktop and appear in the form of a sidebar. Users can use it to control settings on your PC, launch applications or simply answer queries.

According to IT House news on September 22, Microsoft demonstrated the Cocreator function of the Win11 drawing application at the Surface 2023 event, which can generate images based on user input text. This function is similar to Bing Image Creator, but it is based on DALL-E, but it is currently unclear whether it is based on DALL-E 2 or DALL-E 3. According to reports, Microsoft is currently only inviting some users to test the Cocreator function, and users need to log in to their Microsoft account to join the waiting list.

According to IT House citing a report from WindowsCentral on August 23, Microsoft is exploring the introduction of artificial intelligence functions into some built-in Windows 11 applications, including photos, screenshot tools and paint. Some of these functions require specialized hardware such as NPU (Neural Processing Unit) or VPU (Vision Processing Unit), while others do not. For the photo app, Microsoft is developing an artificial intelligence feature that would allow the app to recognize objects or people in photos and be able to cut those elements and paste them elsewhere, the report said. Regarding the Snipping Tool, sources say that Microsoft wants to include OCR (optical character recognition) technology, which would allow Windows to recognize text in screenshots for copying to the clipboard. Microsoft is also working on bringing OCR to the camera app, allowing users to select text in photos they take. Finally, Microsoft is also trying to bring generative artificial intelligence to the Windows 11 Paint app. Users can ask Paint to create a canvas based on user-set criteria, similar to the current Bing Image Creator. Paint's AI integration will be based on the same Bing technology, the sources said. It's unclear whether Microsoft will roll out these artificial intelligence features on Windows 11 anytime soon, and the idea is still experimental.

According to news from PANews on July 15, Ripple CEO Brad Garlinghouse responded to an interview with a FOX News reporter on Twitter, saying that he insisted that the recent US court ruling represents a complete failure for the SEC, rather than a partial victory. As several lawyers have pointed out, the SEC has lost on everything that matters, not just Ripple. He added that it was pathetic that the SEC was trying to paint the recent ruling as some sort of "partial victory." Garlinghouse said, “With regard to potential penalties, that’s for the courts to decide, not the SEC. It’s clear to all that this case (focus) was never about fines or penalties, but about establishing XRP’s non-security status. (On this issue) we won. They lost."

Jinse Finance reported that Ripple Labs CEO Brad Garlinghouse insisted that the recent U.S. court ruling represents a complete defeat for the SEC, rather than a partial victory. Responding to questions from reporters, Garlinghouse said that, as several lawyers have pointed out, the SEC has lost on everything that matters, not just Ripple. He added that it was pathetic that the SEC had tried to paint the recent ruling as some kind of "victory of division." “With regard to potential penalties, that’s for the courts to decide, not the SEC. It’s clear to all that this case was never about fines or penalties, but about establishing Ripple’s non-security status. (In On this issue) we won. They lost. (U.Today)