Binance and Kraken, the venture wings for the cryptocurrency exchange, led a $10 million Series A funding round for fast-growing stablecoin startup Usual, according to a statement on Monday. Other backers include Ethena, a synthetic dollar platform. Real asset specialist Ondo Echo is a decentralized crowdfunding platform founded by cryptocurrency expert Jordan Fish (popularly known as Cobie) and several other high-profile investors. M^0 On-Chain Stablecoin Infrastructure Company signed a deal Last week we joined Usual as a sponsor to help expand our support assets. Launched “stealth” in early 2024, Usual offers a fully compatible stablecoin called USD0 that is backed…
Author: Crypto Flexs
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Natalie Smolenski has made a name for herself in the Bitcoin space in recent years by sharing her dynamic insights on Bitcoin and how it shapes the world moving forward. The PhD-holding anthropologist is on the verge of upping the ante around her Bitcoin-related thought contributions with the new book she’s edited and to which she’s contributed, The Satoshi Papers: Reflections On Political Economy After Bitcoin (published by Bitcoin Magazine Books and available for pre-order now). The book is a collection of texts from some of the most prominent academics who write about Bitcoin, including Andrew M. Bailey, Avik Roy…
Ethereum’s funding rate indicates a potential rebound for ETH. ETH is down 16.48% over the past 7 days. Ethereum (ETH) has been under strong downward pressure since hitting $4,109. As a result, the altcoin price fell 16.48% last week, falling to its lowest point of $3,095. Despite the recent decline, Ethereum appears likely to return to $3,300. This is because Ethereum’s funding rate has cooled after suffering two rejections at $4,000. Ethereum futures market cooled after $4,000 rejection. Ethereum’s failure to regain $4,000 resistance has led to massive liquidations in the futures market, according to CryptoQuant. Source: CryptoQuant This caused…
Opeyemi is an experienced writer and enthusiast in the exciting and unique realm of cryptocurrencies. The digital asset industry may not have been his first choice, but after two years in the field, he was still absolutely drawn to it. Now, Opeyemi takes pride in creating unique pieces that unravel the complexities of blockchain technology and share insights on the latest trends in the cryptocurrency world. Opeyemi revels in his fascination with the cryptocurrency market, which explains why he spends the better part of a day looking at various price charts. “Looking” is a rather simple way to describe analyzing…
XRP (XRP) has fallen more than 25% in three weeks since hitting $2.90, its highest since January 2018, and was trading as low as $2.13 on December 23. Profit taking due to XRP’s overbought levels and the Federal Reserve’s hawkish pivot were the main reasons for the price decline.BTC/USD daily price chart. Source: TradingViewLet’s see if the price of XRP can fall further in the future.XRP risks falling 15-20% over the holiday period.The XRP price has been consolidating within the Fibonacci retracement range since early December, with the 1.618 Fib level near $3 acting as resistance and the 1.0 Fib…
London, UK, December 23, 2024, Chainwire Dawgz AI, a blockchain-based project offering a unique AI-powered meme coin, has raised more than $500,000 of its initial sales goal of $960,000. This milestone demonstrates investor confidence and Dawgz AI’s growing presence and influence in the meme coin industry. Built on the Ethereum blockchain, Dawgz AI combines innovative technology with an engaged community, positioning it as a unique entrant to the meme coin market. Dawgz AI and AI-based approach Dawgz AI aims to be more than just a meme coin. It represents a combination of blockchain technology and AI-based trading algorithms. Dawgz AI’s…
Key Takeaways MicroStrategy joined the Nasdaq-100 Index as part of its annual reconstitution. This allows index tracking funds like the Invesco QQQ Trust to gain exposure to MicroStrategy and its Bitcoin holdings. Share this article MicroStrategy (MSTR), along with Palantir Technologies (PLTR) and Axon Enterprise (AXON), were officially added to the Nasdaq-100 ahead of the market opening on December 23, according to data from Nasdaq. The three companies will replace Illumina (ILMN), Super Microcomputer (SMCI), and Moderna (MRNA).As of the latest data, MSTR ranks 52nd, accounting for approximately 0.42% of the total market capitalization of all companies included in the…
$60 million worth of USDC was withdrawn from the HyperLiquid trading platform after a wallet address linked to a North Korean hacker reportedly initiated trading on the platform. Experts believe that these transactions, which accumulated losses of $700,000, were a test of weakness. As of this writing, approximately $60 million USDC has been withdrawn from the HyperLiquid perpetual trading platform due to concerns that activity from wallets linked to North Korea may have preceded the attack. A wallet address linked to a North Korean hacking group began trading on the Perp trading platform last weekend. “North Korea doesn’t trade,” said…
A widely respected cryptocurrency analyst said the Solana (SOL)-based meme asset with a market cap of $1.89 billion will be worth zero compared to Dogecoin (DOGE). In a new strategy session, anonymous cryptocurrency strategist DonAlt tells his 637,200 followers on social media platform “I told everyone who would listen that this was the ‘safest’ trade if you wanted to hedge. Think that’s not the case anymore. Think short-term WIF could bounce back on DOGE. “Generally speaking, we think WIF will be zero against DOGE, but I think the relief will be temporary.” Source: DonAlt/X According to DonAlt’s chart, WIF/DOGE will…
Vilnius, Lithuania, December 23, 2024, Chainwire BingX, a leading global cryptocurrency exchange, has expanded its fiat deposit options with the launch of SEPA and SEPA Instant Payment services for Euro deposits. By introducing these new fiat payment options, BingX enables free, real-time Euro deposits, further streamlining the trading experience for its expanding user base. SEPA (Single Euro Payments Area) allows BingX users to make seamless euro payments, including credit transfers and direct debits, across the European Union and several non-EU countries in a fast, secure and efficient manner. SEPA Instant, an extension of the SEPA network, is the preferred payment…