Polygon’s MATIC has experienced a sharp decline over the last 24 hours. These corrections come as cryptocurrency markets across the board plunge due to several overarching concerns. Recent market trends raise questions about MATIC’s next move. MATIC, the native token of the Polygon PoS chain, has been in a parabolic uptrend for several months, after a consolidation in Q2 and a relief rally in July 2024, following a parabolic uptrend in Q1 2024. Over the weekend, this downtrend was overheated by the panic-filled cryptocurrency market crash, causing it to shed 12 figures in value. Polygon’s MATIC hits lowest level in…
Author: Crypto Flexs
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James Ding Aug 6, 2024 06:56 Learn how to create video captions using AssemblyAI and Zapier. Follow the step-by-step guide to transcribe your video and upload the captions to Google Drive. AssemblyAI, a leading provider of voice-to-text services, has announced a new integration with Zapier, enabling users to seamlessly create captions for their videos. This tutorial walks you through the process of transcribing a video, generating SRT captions, and uploading them to Google Drive using the AssemblyAI app for Zapier. Prerequisites To follow this tutorial, users will need an AssemblyAI account and a Zapier…
The U.S. Securities and Exchange Commission (SEC) has asked a New York court to dismiss a subpoena seeking to force Coinbase to produce documents related to its cryptocurrency assets. The SEC explained that the subpoena covers “basically all documents related in any way to cryptocurrency assets.”SEC’s Court documents On Monday, the agency claimed it had granted Coinbase’s request to release additional documents, including documents from its investigative files unrelated to the Coinbase case and its fair notice. “Coinbase is not satisfied and continues to request that the SEC conduct a broad search, including all agency records, all internal files, and…
A prominent crypto strategist believes that three altcoins, including Layer 1 project SUI, are in a distinct downtrend. An anonymous analyst, Altcoin Sherpa, warned his 218,900 followers on social media platform X that SUI, smart contract platform Near (NEAR), and AI-centric Artificial Intelligence Superintelligence Alliance (FET) are trading in a bear market. “What’s really scary is that we still have a long way to go for some of these coins. The volatile BTC environment, along with the supply unlock (peep SUI), means that many of these coins could be doomed. For many, there is a clear bear market structure and…
Rebecca Moen Aug 6, 2024 04:35 Gala Games is launching a new weekly competition on Common Ground World, offering $GALA prizes to the top performers. Get in the game and compete now! According to Gala News, Gala Games is launching a new weekly competition for their popular game Common Ground World, offering $GALA prizes to those who make it to the top of the leaderboard. The competition will begin on Tuesday, August 6 at 10 a.m. PST and end on Friday, August 9 at 10 a.m. PST. Are you new to this city? If…
Lyncoin Introduces Advanced Features and Community-Driven Development – Chainwire housenewsroomLyncoin Introduces Advanced Features and Community-Driven Development We use cookies to make the Chainwire website a better experience. Cookies help us provide you with a more personalized experience, relevant advertising, and provide web analytics for us. Technical storage or access is strictly necessary for the legitimate purpose of enabling the subscriber or user to use specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications via electronic communications networks. Technical storage or access is necessary for the legitimate purpose of storing preferences…
Ethereum Ethereum +7.28% Activity has slowed. The number of transactions on the network has fallen to a five-month low, with the seven-day moving average at 1.12 million per day, a level not seen since February.The slowdown isn’t limited to transaction counts either, with the number of active wallet addresses also plummeting, dropping to around 400,000.At first glance, it may seem like Ethereum’s bustling metropolis has suddenly turned into a quiet suburb. But a decline in Layer 1 activity doesn’t necessarily mean the end of the Ethereum ecosystem.While the main chain takes a break, layer 2 solutions are stepping up and…
This week, crypto whales decided to buy some altcoins despite the lack of performance from last week. However, the clear accumulation shows confidence in the short-term potential of cryptocurrencies. The reason is that these whales, who can influence the price, are not simply accumulating as they usually do, but are buying in large quantities at current price levels. The top three for the 4th week of July 2024 are Arbitrum (ARB), Ripple (XRP), and Ondo (ONDO). Crypto Whales Buy Arbitrum Despite YTD Downturn It may come as a shock to see Arbitrum included in the list of cryptocurrencies being bought…
Lawrence Jengar Aug 6, 2024 02:44 Learn why objective benchmarks are important for fairly evaluating AI systems and ensuring accurate performance metrics for informed decision-making. According to AssemblyAI, the AI industry is expected to be a $1 trillion market in the next decade and will fundamentally change the way people work, learn, and interact with technology. As AI technology continues to advance, the need for objective benchmarks to fairly evaluate AI systems and ensure they meet real-world performance standards is growing. The importance of objective benchmarks Objective benchmarks provide a standardized and unbiased way…
According to data, more than $1 billion was liquidated in cryptocurrency derivatives markets over the past day as Bitcoin plunged to $52,000. Bitcoin has fallen more than 15% in the last 24 hours. Bitcoin investors were shocked when the market opened on Monday, as the cryptocurrency plunged more than 15%, sending prices to as high as $51,500. References The chart below shows how the asset has performed recently. The price of the coin seems to have plummeted in recent days | Source: BTCUSD on TradingView As you can see from the graph, the recent plunge in the BTC price is…