Blockchain fees are set to reach $19.8 billion this year, demonstrating the technology’s growth beyond speculation into real, user-driven economic activity
The blockchain industry is showing signs of newfound maturity — at least by one often-overlooked metric — pointing to broader adoption across decentralized finance, consumer apps and emerging sectors.
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Evercore ISI upgraded Comerica (NYSE:CMA) from Underperform to In Line and raised its price target to $88.00 from $70.00 on Wednesday. The new target aligns more closely with InvestingPro’s Fair Value assessment, which suggests the stock is currently fairly valued with a P/E ratio of 14.85.
Read MoreCoinbase’s Base network became profitable in Q3 as transaction volume rose and ETH prices climbed, supporting broader gains across trading and services.
From a technical perspective, BTC has been in a downtrend recently on the daily chart, forming consecutive bearish candles and showing a clear downward trend. The MACD indicator on the hourly chart shows both the DIF and DEA lines negative and diverging downwards, indicating increasing bearish momentum; the daily chart also shows bears in control, but with signs of weakening. The hourly RSI is 27.72, entering oversold territory, suggesting a potential short-term rebound; the daily RSI is 36.09, approaching oversold territory, indicating continued weakness overall. The 7, 30, and 120-period moving averages on the hourly chart are in a bearish alignment, and the current price is below all moving averages, indicating continued pressure in the short term. On the daily chart, the price is also below major moving averages, confirming the downtrend; short-term trading should focus on shorting.
The IBM Digital Asset Haven, developed with Dfns, aims to offer banks, governments and enterprises a full-stack platform for token custody, governance and compliance.
The bank is working with Coinbase to streamline digital asset payments for institutional clients.
NYSE moves ahead with listings for four new spot crypto ETFs as SEC staff process approvals despite the government shutdown.
The S&P 500, Dow, Nasdaq hit fresh record closing highs on Monday, underpinned by growing optimism that the U.S.-China are closing on a trade deal that would help avert an global economically damaging trade war between the world’s two latest economies.
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Bitcoin is currently trading around 114,800. The intraday market has surged again, directly breaking through the 4-hour MA200, MA240, MA280, and MA80 lines. While the price has retreated, it has rebounded again, supported by these four lines. There is still room for further upside, and it remains to be seen whether it can break through the previous high. A closing pattern has formed within the 1H BOLL channel, with the upper limit below yesterday’s high near 116,000. However, the MACD red bar has contracted, so it is recommended not to rush into shorting! If the second test is successful, the next resistance level will be above 117,200, followed by the daily upper limit at 120,000. If buying, pay attention to the J value in the KDJ indicator, which has reached overbought territory
