U.K.’s advertising watchdog has banned a Coinbase campaign that allegedly 
downplayed the risks of crypto investing and touted the exchange as a solution 
to the country’s cost-of-living crisis. According to the U.K. Advertising 
Standards Authority, the advertisements were deemed “irresponsible”…

UK ad watchdog bans Coinbase campaign for trivializing crypto investment risks

PYTH price shot up nearly over 17% shortly after securing a listing on 
Robinhood. It held the $0.05 support and appears to be shaping a double bottom 
pattern that suggests major upside this week. According to data from 
crypto.news, Pyth…

PYTH price forms support at $0.05 on Robinhood listing, potential 65% upside in play

Steak ‘n Shake increases its bitcoin exposure by $5 million, raising the 
Strategic Bitcoin Reserve to $15 million. Steak ‘n Shake, a Biglari Holdings 
company, announces it has increased its bitcoin exposure by $5,000,000 in 
notional value, bringing the Strategic Bitcoin Reserve (SBR) to $15,000,000; 
the update is presented as part of the chain’s ongoing […]

Steak ‘n Shake Increases Bitcoin Exposure to $15 Million, Expands Strategic Reserve

Steak ‘n Shake has added $5 million worth of Bitcoin to its reserves as it 
continues funneling all proceeds from Bitcoin payments directly into the fund. 
“Our self-sustaining system, improving food quality that grows same-store 
sales that then grow the…

Steak ‘n Shake adds $5 million in Bitcoin to strategic reserve

A Glassnode analyst has pointed out how Ethereum is retesting a dense supply 
cluster that could set the tone for where the cryptocurrency heads next. 
Ethereum Is Trading At A Dense Level On The CBD In a new post on X, Glassnode 
analyst Chris Beamish has talked about how Ethereum is looking from the 
perspective of the Cost Basis Distribution (CBD). The CBD is an on-chain 
indicator that tells us about the total amount of ETH that investors last 
purchased at the various levels that the cryptocurrency has visited in its 
history. Related Reading: Bitcoin Social Interest Fades As Retail Chases Gold, 
Silver Hype Below is the chart shared by Beamish that shows the CBD heatmap 
for Ethereum. As is visible in the graph, Ethereum&#8217;s bottom in November gave 
rise to a dense supply cluster on the CBD around the $2,750 level. 
Interestingly, the zone has since acted as a support barrier for the asset 
multiple times. The explanation behind this trend could lie in investor 
psychology. Generally, investors are sensitive to a retest of their cost basis 
since it can lead to a flip in their profit-loss balance. As such, they can be 
likely to show some kind of move when one takes place. When the retest is 
occurring from above, the holders might react by accumulating more in order to 
defend their break-even level. This is the pattern that has potentially been 
witnessed since the November bottom. From the chart, it&#8217;s apparent that 
Ethereum retested the $2,750 supply zone twice in December and both times, the 
asset was able to rebound. Recently, a third retest has taken place and so 
far, the support has held, but it only remains to be seen how long the coin 
will maintain above it. &#8220;Holding here suggests absorption and base building, 
but a breakdown would move price into thinner support where underwater supply 
may derisk,&#8221; explained the analyst. Usually, regions where a large amount of 
supply shares a cost basis tend to act as notable sources of 
support/resistance. The $2,750 cluster might fall in this category, but that 
doesn&#8217;t make it unbreachable. &#8220;Next move hinges on this level,&#8221; noted Beamish. 
Related Reading: Stablecoin Market Cap Drops By $7 Billion—What It Means For 
Bitcoin In some other news, Ethereum has witnessed a decline in transaction 
fees recently, as highlighted by Glassnode in an X post. Following this 
drawdown, the transaction fees on the Ethereum blockchain has fallen to its 
lowest level since May 2017, a potential indication that network activity has 
gone down. ETH Price At the time of writing, Ethereum is trading around 
$2,950, down 1.5% over the last week. Featured image from Dall-E, chart from 
TradingView.com

Cryptocurrency price in VND