At the time of publication, TRX was testing the major support level of $0.135. Analysts expected it to surge 100% to an all-time high of $0.27. While Tron had some major positive developments to report, its native token TRX suffered a strong downtrend. TRX experienced a 3.74% gain on the weekly chart after a market rally last week. Since forming a bullish flag earlier this month, the altcoin has seen significant upside. With the recent development and popularity of the Tron Network, analysts are keeping an eye on a major breakthrough for TRX. For example, Whales Crypto Trading shared their…
Author: Crypto Flexs
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Darius Baru 17 Aug 2024 02:52 Binance Futures will launch SYNUSDT perpetual contracts on August 16, 2024, enhancing trading options by offering up to 50x leverage. Binance Futures will be expanding its trading options by launching USDⓈ-Margined SYN perpetual contracts on August 16, 2024. According to an official announcement from Binance, this new product will allow traders to utilize up to 50x leverage. Key Features and Specifications The SYNUSDT Perpetual Contract is designed to enhance the trading experience by providing traders with more choices. The contract will be officially launched at 12:30 UTC on…
Bitcoin (BTC) attempted to reclaim $60,000 for the weekly close on August 18, with “over-the-counter” BTC price action looking bullish.BTC/USD 1-hour chart. Source: TradingViewIchimoku Crossover Leads to Bullish BTC Price SignalAccording to data provided by Cointelegraph Markets Pro and TradingView, a new local high of $60,271 was recorded on Bitstamp that day.Despite the absence of traditional market traders, BTC/USD has been slowly rising throughout the weekend, with price indicators suggesting further gains ahead.Popular trader Titan of Crypto analyzed the Ichimoku Cloud on the daily timeframe and predicted that a major bullish crossover has occurred, which will likely lead to Bitcoin’s…
Ether is trading 25% above its eight-month low of $2,112 on August 5. The second-largest cryptocurrency by market cap is on the rise, up 13% over the past seven days.ETH/USD daily chart. Source: TradingViewDespite these achievements, analysts still believe that downside risks remain for Ether (ETH).“I don’t expect ETH to break $2,800-$2,900, but rather remain range bound for some time through August and September,” McKenna, a partner at Arete Capital, wrote in an August 15 post to X.McKenna cited Ether’s recent price action following a recent drop due to market maker Jump Trading dumping ETH and concerns about a global…
Every morning, I take a sip of my coffee and dive into the latest crypto news, and I am struck by the incredible energy and potential of this space. But I also notice that my heart beats a little faster, not out of fear, but out of excitement. I am talking about the untapped power of crypto hedge funds. There is a quiet storm brewing here, and I believe it could be the key to unlocking the next big opportunity in our market. Hedge Fund Edge: Why This Feels Like the Start of Something Big I’ve been in this game…
Jorg Hiller 18 Aug 2024 14:16 ElevenLabs has introduced new pricing plans that benefit both self-service and enterprise customers, reducing prices by 50% on Turbo V2 and V2.5 models. According to ElevenLabs, ElevenLabs has announced significant price reductions on Turbo V2 and V2.5 models, offering up to 50% off on both self-service and enterprise plans. This move is part of the company’s initiative to pass on cost savings to customers while maintaining high quality and performance standards. More content, lower cost: Turbo models are 50% cheaper. Known for their ultra-low latency and high-quality audio,…
There are times when you have to go out to the market, and there are times when you have to watch from the sidelines.The last two months have been a good example of what to watch and observe in the cryptocurrency markets. In our previous Altcoin report, we stated that we expected the cryptocurrency markets to continue to decline throughout the summer and that we did not expect a reversal until at least mid-to-late September.Here’s a summary of the cryptocurrency market over the past two months:July 2024:July saw a sustained downward trend compared to the previous month, with major assets…
Alvin Lang 17 Aug 2024 04:03 The Hong Kong Monetary Authority (HKMA) recently discussed the stability of the Hong Kong dollar and economic challenges at a subcommittee meeting of its Monetary Policy Committee. The Hong Kong Monetary Authority (HKMA) recently released the minutes of the Foreign Exchange Fund Advisory Committee Monetary Committee Subcommittee meeting held on 5 July 2024. According to the HKMA, the discussions focused on the stability of the Hong Kong dollar (HKD) and the broader economic situation. Currency Committee Operations During the review period from 25 April to 25 June 2024,…
Cryptocurrency investor Arthur Cheong says the “smart money” appears to be accumulating one solid altcoin recently. Qing told his 172,200 followers on social media platform X that Millionaire Wallet was gobbling up the native token of Aave (AAVE), a decentralized finance (DeFi) lending platform, amid a sharp decline in token supply on cryptocurrency exchanges. “Over the past 30 days, the total supply of AAVE on exchanges has decreased by approximately $18.4 million. Even in some smart money wallets, we have seen a significant accumulation of low numbers below 7.” Source: Arthur Cheong/X At the time of writing, AAVE was trading…
Key Points Optimism about authorized fraud prevention has turned around as vulnerabilities are discovered in audits. A hard fork named “Granite” is scheduled for September 10th to update the Optimism network. Share this article Optimism has reverted the network to a permissioned state after a community-led audit identified several bugs, including two serious issues in the recently released permissionless fraud prevention system.The Optimism Foundation said in announcing the rollback for X that they were moving “extremely cautiously” to avoid potential instability while the vulnerability was patched.In March, Optimism began testing its fault-tolerant system on Ethereum’s Sepolia test network to strengthen…