ZIL, the utility token of permissionless blockchain Zilliqa, has lost 37.29% of its value this year. Holders may be hoping for a recovery, but analysis suggests the decline is likely to continue for some time. In March, the token reached a yearly high of $0.040, but revisiting this area may be difficult, and here’s why: Zilliqa Bears Maintain Dominance Despite Rising Attention At the time of writing, ZIL is priced at $0.016. It is trading below the 20 EMA on the daily chart. EMA stands for Exponential Moving Average, a technical indicator that tracks the price changes of an asset…
Author: Crypto Flexs
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On August 1, Bitcoin (BTC) fell $1,600 in 60 minutes as volatility spiked and markets became chaotic.According to data from Cointelegraph Markets Pro and TradingView, a nightmare unfolded for long traders on August 1st when BTC suddenly dropped from $64,000 to $62,800.BTC/USD 15-minute chart. Source: TradingViewAt the time of publication, losses were still growing after BTC/USD hit a low of $62,212 on Coinbase, which was two weeks ago.However, according to data from Coinglass, those who bet on a Bitcoin recovery suffered big losses on August 1. The crash resulted in the liquidation of $310.27 million worth of long positions, with…
Company • August 1, 2024 12:45 PM EDT Posted 1 minute earlier In ~ The Montenegrin Court of Appeal has rejected a U.S. request to extradite former Terraform Labs CEO Kwon Do-kwon and ordered his extradition to South Korea.The Montenegrin Court of Appeal has confirmed the late June ruling by the High Court in Podgorica. name He was released by the appeals court on Thursday. Attorney Kwon, the court and prosecutors have been going back and forth for months about where to extradite the former executive. Attorney Kwon and his attorney According to reports He preferred his home country, Korea.…
Major investors, also known as Ethereum whales, are gradually returning to the market following the recent positive developments surrounding ETH, which has shown renewed optimism among institutional and retail investors surrounding the cryptocurrency. According to current data, whales have amassed 426,000 ETH as excitement over the introduction of ETH grows. Spot Ethereum Listed Index Fund (ETF). Ethereum Whale Acquires 426,000 ETH in One Week Burak Kesmeci, a proven author and analyst at leading on-chain analytics provider CryptoQuant spotted The recent increase in ETH accumulation among major investors has created hopes within the community that a price rally for the cryptocurrency…
In July, cryptocurrency markets saw two-way volatility as investors reacted to events. The Federal Reserve has kept its benchmark interest rate at its highest level in 23 years for the eighth straight time. Bitcoin (BTC) traded virtually flat on the last day of July, immediately following the Federal Open Market Committee’s interest rate decision. In line with market expectations, Fed policymakers kept the benchmark federal funds rate at a range of 5.25% to 5.50%. With the June FOMC meeting postponed, traders are now looking at the first rate cut of the year, in September. In remarks after the FOMC meeting,…
Wang Long Chai 02 Aug 2024 01:50 Uniswap (UNI) Labs has partnered with Brooklyn-based designer Kidsuper to launch a unique collection of merchandise launching August 5th. Uniswap (UNI) Labs has announced an exciting collaboration with Brooklyn-based designer KidSuper, known for his avant-garde approach to fashion and art. The partnership will see the launch of a unique collection featuring items inspired by Uniswap’s signature themes, including unicorns, math doodles, and physical wallets. According to a recent blog post from the Uniswap Protocol, the limited edition items will be available on shop.uniswap.org starting August 5th at…
We round up the weekly news from across Asia, highlighting the most important industry trends. Can the Metaverse Solve Japan’s ‘Hikikomori’ Problem? Research and consulting firm Yuri Group estimates that if just 10% of Japan’s 1.5 million hikikomori returned to work via the metaverse, Japan could pump about $10 billion into its economy annually. “Hikikomori” is a Japanese word that refers to an individual who stays at home, withdraws from social life, and seeks extreme isolation. It is a complex social problem that reduces the country’s labor force and harms the mental and physical health of those who live a…
We round up the weekly news from across Asia, highlighting the most important industry trends. Can the Metaverse Solve Japan’s ‘Hikikomori’ Problem? Research and consulting firm Yuri Group estimates that if just 10% of Japan’s 1.5 million hikikomori returned to work via the metaverse, Japan could pump about $10 billion into its economy annually. “Hikikomori” is a Japanese word that refers to an individual who stays at home, withdraws from social life, and seeks extreme isolation. It is a complex social problem that reduces the country’s labor force and harms the mental and physical health of those who live a…
We round up the weekly news from across Asia, highlighting the most important industry trends. Can the Metaverse Solve Japan’s ‘Hikikomori’ Problem? Research and consulting firm Yuri Group estimates that if just 10% of Japan’s 1.5 million hikikomori returned to work via the metaverse, Japan could pump about $10 billion into its economy annually. “Hikikomori” is a Japanese word that refers to an individual who stays at home, withdraws from social life, and seeks extreme isolation. It is a complex social problem that reduces the country’s labor force and harms the mental and physical health of those who live a…
Ethereum price corrected its uptrend and traded below the $3,300 level. ETH is consolidating and facing obstacles near the $3,300 resistance zone. Ethereum started a downward correction from the $3,400 resistance level. The price is trading below $3,330 and the 100 hourly simple moving average. A major bullish trend line has broken below the $3,295 support level on the ETH/USD hourly chart, according to data provided by Kraken. The pair could start further upside if it breaks the $3,330 resistance zone. Ethereum Price Extends Downtrend Below $3,300 Ethereum price failed to break the $3,400 resistance level and started a downward…