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ESCC will introduce stablecoin-based gas fees and Ethereum compatibility on EOS.

Our column dedicated to the analysis of the crypto world continues, today featuring EOS (EOS), Internet Computer (ICP), and Polkadot (DOT).

EOS price is eyeing a fresh increase from the $0.720 support against the US Dollar. The price is now trading near $0.780 and the 55 simple moving average (4 hours).

Blockchain investment firm Spirit Blockchain Capital (SBC) has announced the completion of a major funding round. A number of investors participated in the raise including EOS Network Ventures (ENV), the venture firm focused on supporting innovation on the EOS Network.

EOS Network Venture has confidence in Spirit Blockchain Capital's focus on innovation that drives advancements in blockchain technology.

Spirit Blockchain Capital has recently heralded the successful closure of a major funding initiative, notably backed by a substantial investment from EOS Network Ventures (ENV). With provided funds, Spirit Blockchain aims to gain more recognition and trust in the blockchain space while working their way towards traditional financial sectors.

Vancouver-based Spirit Blockchain Capital (SBC) has secured a substantial investment from EOS Network Ventures (ENV) in its recent funding round, marking a significant milestone for the innovative player in the blockchain and tokenization space. The funding, supported by other major investors, underscores ENV's confidence in SBC's vision.

EOS price is recovering higher from the $0.650 support zone against the US Dollar. The price is now trading near $0.682 and the 55 simple moving average (4 hours).

EOS EVM, an early initiative of the ENF, brings Ethereum compatibility to EOS. Launched in April 2023, it features world class performance, a deflationary gas fee burning mechanism, and a generic cross-runtime messaging between EOS EVM and EOS Native to essentially bridge the two virtual machines into one.

The EOS Network Foundation and EOS Labs, two organizations curated within the EOS Network ecosystem, scored a massive partnership with one of the leading Turkey-based cryptocurrency services.

EOS Labs and EOS Network Foundation are teaming with one of Turkey's leading exchanges for a share of the country's $170 billion market.

EOS Labs and EOS Network Foundation are teaming with one of Turkey's leading exchanges for a share of the country's $170 billion market.

EOS price is attempting another increase from the $0.638 support against the US Dollar. The price is now trading below $0.700 and the 55 simple moving average (4 hours).

PassPay, the Japanese Startup focusing on financial services, will work with EOS Network on multiple R&D projects, including token issuance.

Tokyo-based digital payments firm PassPay has announced a strategic alliance with EOS Network Foundation (ENF), the lead developer of EOS Network. The agreement will see the two entities explore the development of new financial products that make use of blockchain technology.

EOS price is eyeing a fresh increase from the $0.658 support against the US Dollar. The price is now trading above $0.700 and the 55 simple moving average (4 hours).

Cryptocurrencies were the best-performing assets in the financial market this week. Ethereum surged above $2,000 for the first time since April last year. Similarly, Bitcoin price surged to $37,000 while the combined market cap of all cryptocurrencies soared to over $1.4 trillion. There were several breakout stars during the week.

EOS price started a fresh increase above the $0.65 resistance against the US Dollar. The price is now trading above $0.665 and the 55 simple moving average (4 hours).

EOS price started a fresh increase above the $0.60 resistance against the US Dollar. The price is now trading above $0.612 and the 55 simple moving average (4 hours).

Bitcoin (BTC) price continued its bullish trend in the overnight session after the Federal Reserve decided to leave interest rates unchanged. While the bank left the door for another rate hike wide open, most analysts believe that a prolonged pause followed by a cut will happen.

The restructuring of the EOS Foundation focuses on enhancing their operational efficiencies and reaching core objectives.

EOS price started a fresh increase from the $0.525 support against the US Dollar. The price is now trading above $0.580 and the 55 simple moving average (4 hours).

EOS price remained in a bearish zone and declined below the $0.550 zone against the US Dollar. The price is now trading below $0.545 and the 55 simple moving average (4 hours).

The EOS Network Foundation has described v0.6.0 as a “game-changer” on account of it offering “a rejuvenated DeFi experience, robust technical upgrades, and trustless USDT bridging”.