Ethereum price appears to be consolidating after months of leverage exited the 
market, easing pressure without yet pointing to a clear direction. Ethereum is 
trading in a calmer market environment after a sharp reduction in leverage, 
with data showing that…

Ethereum price enters a low-risk phase as open interest falls 50% since August

Northern Data, which is majority-owned by Tether, sold its Bitcoin mining arm 
to businesses owned by Tether executives, the Financial Times reports.

Tether-backed Northern Data sold mining firm to Tether execs: FT

Federal regulators are tightening the vise on crypto investment schemes, 
spotlighting alleged fraud tied to bitcoin mining that raised nearly $100 
million while misleading thousands of investors about operations, capacity and 
the use of their money. SEC Alleges Massive Capacity Gaps in Bitcoin Mining 
Venture That Pulled in $95.6M A federal enforcement action highlights risks 
[…]

Bitcoin Mining Promises Under Fire as SEC Alleges $48.5M Investor Funds Were Misused

Solana started a recovery wave above the $120 zone. SOL price is now 
consolidating and faces hurdles near the $128 zone. SOL price started a decent 
recovery wave above $122 and $124 against the US Dollar. The price is now 
trading above $125 and the 100-hourly simple moving average. There is a key 
bearish trend line forming with resistance at $127 on the hourly chart of the 
SOL/USD pair (data source from Kraken). The price could continue to move up if 
it clears $128 and $130. Solana Price Faces Resistance Solana price remained 
stable and started a decent recovery wave from $117, like Bitcoin and 
Ethereum. SOL was able to climb above the $120 level. There was a move above 
the 50% Fib retracement level of the downward move from the $134 swing high to 
the $117 low. The bulls even pushed the price above $125. However, the bears 
remained active near $127. There is also a key bearish trend line forming with 
resistance at $127 on the hourly chart of the SOL/USD pair. Solana is now 
trading above $125 and the 100-hourly simple moving average. On the upside, 
immediate resistance is near the $127 level, and the 61.8% Fib retracement 
level of the downward move from the $134 swing high to the $117 low. The next 
major resistance is near the $130 level. The main resistance could be $135. A 
successful close above the $135 resistance zone could set the pace for another 
steady increase. The next key resistance is $144. Any more gains might send 
the price toward the $150 level. Another Decline In SOL? If SOL fails to rise 
above the $130 resistance, it could continue to move down. Initial support on 
the downside is near the $125 zone. The first major support is near the $122 
level. A break below the $122 level might send the price toward the $117 
support zone. If there is a close below the $117 support, the price could 
decline toward the $108 zone in the near term. Technical Indicators Hourly 
MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours 
RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. 
Major Support Levels – $125 and $122. Major Resistance Levels – $128 and $130.

Solana (SOL) Targets Upside Break, Bulls Smell Momentum Shift

Hong Kong is weighing a cautious shift that could open the door for insurers 
to enter crypto markets. The city’s Insurance Authority is proposing new rules 
that would allow insurance firms to invest in assets such as cryptocurrencies 
and infrastructure.…

Cryptocurrency price in ZAR