Ether (ETH) last traded above $4,000 on March 14, two months before the U.S. Securities and Exchange Commission approved an Ether spot exchange-traded fund (ETF) on May 23. Traders are questioning whether the bullish momentum has faded and, if not, what could drive a sustained rally above $4,000.The launch of the Spot Ether ETF was not optimal. Part of the lack of investor enthusiasm can be attributed to the disappointing performance of the cryptocurrency market. The total market capitalization of the sector currently stands at $2.42 trillion, 16.5% below the March 14 2024 peak of $2.82 trillion. A contributing factor…
Author: Crypto Flexs
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Timothy Morano July 31, 2024 15:48 Circle’s July 2024 update includes social login, email OTP for programmable wallets, and ‘enum’ updates for Solana API endpoints. Circle has announced a significant update to its Web3 service in July 2024, which aims to improve the developer experience on its Programmable Wallets platform. According to Circle, these updates include social login, email OTP (one-time password) authentication, and ‘enum’ updates to API endpoints to align with the Metaplex standard of the Solana blockchain. New onboarding and authentication methods The latest update introduces social login and email OTP to…
Crypto-friendly communication platform Telegram has launched a browser and mini app store along with other updates. Users can use their browser to switch between websites and platform messaging, including decentralized websites. ton +1.08% Site, Telegram CEO Pavel Durov said in the messaging app:“Telegram’s browser will power decentralized websites hosted on TON, as well as all of our mobile and native desktop apps. This will allow us to bring Web3 to our roughly 1 billion monthly active users immediately,” the Telegram team wrote in a blog post on Wednesday. Not only will Telegram users be able to send “stars” to friends…
According to the latest figures, approximately $1 billion worth of token unlocks are set to hit the cryptocurrency markets in August. Citing data from TokenUnlocks, blockchain reporter Colin Wu reported that more than $900 million worth of unlocks are poised to be completed next month. Some of the largest unlocks include decentralized exchange (DEX) dYdX, layer 1 blockchain Sui, and Ethereum (ETH) layer 2 Arbitrum (ARB). The largest token unlock over the next seven days will be on the cross-chain interoperability protocol Wormhole, which will release $154 million worth of W tokens, representing 33% of the supply. Analytics firm IntoTheBlock…
Jessie A Ellis July 31, 2024 16:08 Learn about the intricacies, benefits, and unique features of Tezos Smart Rollups, such as their optimistic and sacred nature, according to Tezos Spotlight. Tezos is making waves in the blockchain space with the launch of Smart Rollups, a layer-2 scaling solution designed to significantly increase transaction capacity. According to Tezos Spotlight, these rollups move computation from layer-1 to dedicated infrastructure, improving efficiency and performance.What is Tezos Smart Rollup?Tezos Smart Rollups is a Layer 2 solution that optimizes transaction throughput by processing off-chain computations and periodically committing the…
Join us telegram Stay up to date with the latest news coverage by subscribing to our channels. The XRP price has surged 8% over the past 24 hours, trading at $0.6444 as of 1:15 AM ET, with volume surging 144%. This comes amid speculation that a settlement could be reached in Ripple’s long-running lawsuit against the U.S. Securities and Exchange Commission. The two are meeting privately on Thursday after the regulator canceled a previous meeting. 🚨 #ripple prepare #secretary: A secret meeting is scheduled for August 1st! This could be a breakthrough for Ripple’s final consensus! 📈💼 Have you all…
As 2024 continues to unfold and unprecedented new developments in the crypto space, such as the launch of spot Bitcoin and Ethereum ETFs, another trend is emerging: the 10th consecutive month of stablecoin growth, with stablecoin market dominance rising to 6.93%.Stablecoins are a type of cryptocurrency whose value is pegged to a reserve asset, such as fiat currency or a commodity. Their stability distinguishes them from the frequent price volatility associated with cryptocurrencies such as Bitcoin (BTC) or Ether (ETH).According to a CCData report, the overall stablecoin market cap increased by 2.11% in July to reach $164 billion, as major…
The prices of DOGE and SHIB fell by 5% last week. Both Mimecoin’s outstanding contracts and MVRV ratio have also decreased. Like many other cryptocurrency niches, the Mimecoin market has also seen significant corrections over the past few days. This was the case with some of the top Mimecoins, such as: Dogecoin (DOGE) and Shiba Inu (SHIB) The weekly and daily charts were red. One reason for this decline is the decline in investor interest in Mimecoin. The Worrisome State of Mimecoin CoinMarketCap’s data The world’s largest crypto coin, Dogecoin, has seen its price drop by more than 5% over…
Bitget is a cryptocurrency exchange founded in 2018. Since then, especially after the collapse of FTX, Bitget has grown rapidly to become one of the leading derivatives trading platforms in the cryptocurrency space.Bitget’s history and developmentBitget was founded in 2018, and one of its early achievements was the introduction of a futures trading platform offering advanced trading tools.In 2020, Bitget launched one of its flagship products, Copy Trading, which allows users to copy the trades of experienced traders.August 2022, Bitget It was revealed Protected by a $200 million fund User’s assets. A few weeks later, ahead of the 2022 World…
Jack Anderson July 31, 2024 16:35 Tether’s Q2 2024 certification shows record profits of $5.2 billion in the first half of 2024, the largest Treasury holdings ever, and consolidated capital of nearly $12 billion. Tether Holdings Limited has announced the Q2 2024 assurance opinion from leading global independent accounting firm BDO. According to Tether, this assurance reaffirms the accuracy of Tether’s Consolidated Financial Statements and Reserve Report (CFFRR) and provides a detailed analysis of the assets held as token reserves and key consolidated financial figures as of June 30, 2024. Record financial performance Building…