People • September 2, 2024 11:47 AM EDT Posted 1 minute earlier ~ in Trump-backed World Liberty Financial Named Dolomite co-founder Corey Kaplan served as an advisor on the project.Caplan co-founded Dolomite, a DeFi platform that describes itself as a next-generation money market platform and decentralized exchange. Since launching on Arbitrum One in October 2022, it has expanded its presence to other blockchain ecosystems, including Polygon’s zkEVM, Mantle, and X Layer, and offers a range of services, including margin trading, lending, and portfolio management.World Liberty Financial is an unreleased cryptocurrency project promoted by Donald Trump’s sons Eric and Donald Jr.,…
Author: Crypto Flexs
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Alvin Lang 30 Aug 2024 17:32 Binance is launching FDUSD Lock product offering a fixed APR of 15.9% for a limited promotional period, increasing users’ earning potential. Binance has announced a promotion for its FDUSD Lock product. According to Binance, users can get a fixed annual percentage rate (APR) of 15.9% on their deposits during the promotion period. Promotion Details The promotion period is from 07:00 UTC on August 30, 2024 to 06:59 UTC on September 9, 2024. During this period, eligible users who subscribe to FDUSD Lock product can enjoy 15.9% APR. The…
Solana recorded $79 million in NFT sales in August. Ethereum is leading, with Solana in second place. The entire NFT market has taken a huge hit. Since the NFT craze peaked in January 2022, NFTs have fallen off a cliff. The market is a far cry from its peak of $17 billion in trading volume. Despite these low numbers, there is a silver lining, especially for chains like Solana: they have maintained a high ranking in NFT trading, right behind Ethereum. Solana lags behind Ethereum, ahead of Bitcoin Despite the overall downturn in the NFT market, Solana has some good…
BNB (BNB), the native token of the BNB chain, fell 16.1% between August 23 and September 2, dropping from a high of $598.80 to a low of $502.10. However, significant buying activity has been seen below $510, causing BNB to recover some of its losses and is currently trading at $517.Investors are concerned that BNB may have entered a bear market, especially since the token has not been able to hold above $610 since mid-June. Reduced activity on the BNB chain creates selling pressure BNB chain indicators show a decline in interest, especially in decentralized exchange (DEX) volumes. As a…
Key Points TON has recorded over 1 billion transactions, half of which occurred in the last 3 months. The DOGS Mimecoin airdrop has resulted in a significant increase in TON’s daily trading volume and user activity. Share this article The Open Network (TON), a blockchain associated with Telegram, has surpassed 1 billion total transactions, according to data from TON Scan. This milestone was achieved less than a week after the network suffered two major outages related to memecoin airdrops.TON’s transaction volume has now surpassed 1.02 billion, half of which occurred in just the past three months. This rapid growth demonstrates…
According to the latest report from CoinShares, global cryptocurrency investment products from asset managers such as Ark Invest, Bitwise, BlackRock, Fidelity, Grayscale, ProShares, and 21Shares saw net inflows of $543 million the week before, followed by net outflows last week, totaling $305 million.James Butterfill, head of research at CoinShares, said the outflows came amid “widespread negative sentiment across multiple vendors and geographies” and as stronger-than-expected economic data from the U.S. “reduced the likelihood of a 50 basis point rate cut.”Butterfield added, “We continue to expect asset classes to become increasingly sensitive to rate expectations as the Fed moves closer to…
The investigation comes as global pressure on Telegram grows, with investigations into the company also underway in other countries, including India. TON, the native token of The Open Network, has seen a slight price drop over the past 24 hours following reports that Telegram is under investigation in South Korea for allegedly distributing deepfake pornography and other sexual materials, including those of Korean women. The digital asset, which began to lose value following the arrest of Telegram CEO Pavel Durov in France last week, fell about 3% on Monday, according to data from CoinMarketCap. TON is now valued at about…
Iris Coleman 30 Aug 2024 17:50 BitMEX has announced scheduled downtime for options trading on September 1, 2024 from 03:00 UTC to 05:00 UTC. BitMEX has announced scheduled downtime for its options trading platform from 03:00 UTC to 05:00 UTC on September 1, 2024. According to the BitMEX blog, this temporary outage is to allow for essential maintenance and upgrades. Impact on trading and deposits Options trading is completely unavailable during the downtime. Deposits to options sub-accounts will not be credited, and trades placed on BitMEX Options will not be processed. The platform has…
Analysts at QCP Capital highlighted that Ethereum significantly underperformed Bitcoin in August and warned that further declines could come in September.”Bitcoin ended August down 8.6%. We started the month with the ‘Bank of Japan crash’ and Bitcoin never recovered above $65,000. Ethereum Ethereum +1.03% “August performance was quite weak, down 22.2%, due to the alleged selling by Jump Trading,” QCP Capital analysts said.The price declines for both Bitcoin and Ether in August came amid a period of significant volatility in the cryptocurrency markets. The bulk of the price action last month began on August 4, when major tokens plunged along…
September is considered an important month for cryptocurrencies, with most assets seeing declines. Current market sentiment is fearful, which could impact the trend this month. In recent weeks, Bitcoin (BTC) has experienced significant price volatility, dropping below the psychological level of $60,000. While this downtrend is affecting the entire cryptocurrency market, it also shows the potential for a cryptocurrency bull market, especially since September is historically known as a month of negative trends in financial markets. However, several indicators suggest that this pattern will break down in September and cryptocurrencies will show strength. Decrease in foreign exchange reserves One of…