Worldcoin price has jumped to $0.5275 at press time, up 14% over the past 24 
hours, after reports speculated OpenAI may use its biometric identity 
verification system for a new social app. At its peak, the WLD token climbed 
more…

Worldcoin price rallies as OpenAI considers its biometric-based identity for new social network

The validator entry queue for the Ethereum network is jam-packed, with 3.6 
million tokens lined up to be staked with a forecasted 63-day wait.

Exchange supply of ETH shrinks amid sideways price, more staking

A cryptocurrency analyst has pointed out how Bitcoin has recently formed a 
technical crossover that preceded bearish shifts in the past. Bitcoin Has Seen 
A Death Cross Between 21-Day &amp; 50-Day SMAs In a new post on X, analyst Ali 
Martinez has shared a daily price chart for Bitcoin showcasing a crossover 
between two simple moving averages (SMAs) that the asset has gone through 
recently. An SMA is a statistical tool that averages a quantity over a given 
period of time and that, as its name suggests, updates in time with the 
quantity. This tool can be useful for studying long-term trends, as it smooths 
out the graph by eliminating short-term fluctuations. Related Reading: Bitcoin 
Supply In Loss Turns Upward—Early Bear Market Signal? SMAs can be taken over 
any window, but in the context of the current topic, two specific periods are 
of relevance: 21-day and 50-day. Below is the chart posted by Martinez that 
shows the trend in these SMAs for Bitcoin over the past decade. From the 
graph, it&#8217;s visible that the daily Bitcoin price has seen its 21-day SMA fall 
below the 50-day one recently. In the past, this crossover has tended to act 
as a &#8220;death cross&#8221; for the cryptocurrency, with its price plunging after the 
signal&#8217;s appearance. In the chart, the analyst has highlighted the previous 
instances of this death cross. It would appear that the asset experienced 
drawdowns ranging between 54% and 69% following the crossover. The most recent 
occurrence of the crossover was in 2022, leading into a price decline of 
almost 66% to the bear market bottom. Given the past pattern, it only remains 
to be seen whether the 21-day SMA going below the 50-day SMA will prove to be 
bearish for Bitcoin this time. In the scenario that bearish momentum does 
follow for the asset, it could be at risk of breaching below an on-chain level 
known as the Realized Price-to-Liveliness Ratio. This level represents the 
ratio between two on-chain indicators: the Realized Price and Liveliness. The 
first of these tracks the cost basis of the average investor or address on the 
Bitcoin blockchain, while the latter encapsulates the spending/HODLing 
behavior of long-term investors. As Martinez has highlighted in another X 
post, Bitcoin has been trading near the Realized Price-to-Liveliness Ratio 
recently. As displayed in the above graph, the Bitcoin Realized Price-to- 
Liveliness Ratio is situated around $87,500 right now. BTC briefly fell below 
this mark during the Sunday dip, but the coin has since recovered back above 
it. Related Reading: Next Ethereum Move Hinges On This Level, Says Glassnode 
Analyst &#8220;The last time Bitcoin $BTC fell below the Realized Price-to- 
Liveliness Ratio, it moved toward the Realized Price,&#8221; noted the analyst. 
Currently, the Realized Price is located at $56,000. BTC Price At the time of 
writing, Bitcoin is floating around $89,500, up 2% in the last seven days. 
Featured image from Dall-E, chart from TradingView.com

Bitcoin Death Cross That Last Preceded A 66% Drop Is Back

Cere Network is facing a second lawsuit this month that accuses its co-founder 
and board of fraud in relation to a public token launch for the platform in 
2021.

Cere Network co-founder, board face $100M lawsuit over token sales

The rise in XRP wallets holding more than 1 million tokens comes despite a 
weakening of broader crypto market sentiment, with a popular crypto indicator 
sitting in “fear” territory.

Cryptocurrency price in BRL