Bitcoin is on the verge of losing $66,000 since Wall Street opened on July 30, and a long-term liquidation event is imminent.BTC/USD 1-hour chart. Source: TradingViewBTC price weakness stems from 5% declineBitcoin (BTC) price action was down 1.5% on the day, according to data from Cointelegraph Markets Pro and TradingView.It is the latest in a series of failed attempts in recent months to turn the area into a support zone, following a steeper rejection of the $70,000 bid.Popular trader Skew commented on recent market trends, noting that the downtrend has resulted in around 12,000 BTC ($800 million) of open interest…
Author: Crypto Flexs
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Movement Labs is integrating with AggLayer. Movement Labs’ AggLayer integration promises to invest millions of dollars into the Polygon (MATIC) multi-chain ecosystem immediately upon launch. This move marks a major milestone for Polygon (MATIC) Labs’ goal of connecting the entire Web3 to Ethereum. As blockchain developers have pointed out, one of the main obstacles to cryptocurrency adoption is the lack of interoperability between solutions, which prevents users from seamlessly switching between applications on different networks as they did in Web 2.0.One company trying to solve these challenges is Polygon (MATIC) Labs, a team that developed Ethereum scaling solutions. Last year,…
that much soil Luna -3.46% Blockchain reported a security breach on its network that resulted in tokens being stolen.An unknown attacker has exploited a known vulnerability in a third-party module called IBC Hook, which facilitates cross-chain contract calls and token transfers.The attacker exploited this vulnerability to drain the value of bridge assets, including USDC stablecoins and Astroport tokens. Initial estimates suggest that around $3 million worth of tokens may have been affected.After the incident was discovered, Terra implemented emergency measures to prevent further damage and prevent additional tokens from being stolen while the breach was being resolved. Terra worked with…
One Trading, a digital asset exchange headquartered in the Netherlands, has been granted an Organized Trading Facility License by the Netherlands Financial Markets Authority (AFM) on July 29, 2024. The company can now offer a range of innovative financial products to the European market, most notably offshore cryptocurrency futures trading. Commenting on the development, Joshua Barraclough, Founder and CEO of One Trading, said: “This license positions us well to introduce new regulated products and provide institutional-grade solutions to all client types, starting with BTC and ETH products, which currently do not have an EU regulated venue.” One Trading Secures Groundbreaking…
Louisa Crawford July 31, 2024 05:54 Storacha is revolutionizing web3.storage by introducing a state-of-the-art decentralized hot storage network. Learn how it works and what it means for the decentralized internet. Storacha aims to revolutionize the decentralized storage landscape by transforming web3.storage into a community-driven, decentralized hot storage network. According to Filecoin (FIL), Storacha will leverage the best features of web3.storage and Saturn to create a blazing-fast, user-owned, verifiable hot data storage and retrieval system built on top of Filecoin.Storacha addresses the limitations of centralized storage providers like AWS, which often lock users into their…
Many investors regret missing out on Bitcoin. Exponential growth We have seen it soar to incredible heights since its inception. But don’t worry, the cryptocurrency market is constantly evolving and new opportunities are emerging.While Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the market, savvy investors look for undervalued tokens that can deliver higher returns in the long term.Agoric (BLD) is Underrated Tokens have the potential to be the next big thing. They are relatively new cryptocurrencies that are gaining the attention of smart investors, offering an opportunity to enter the market at a lower cost with growth potential.But what…
After a 26% surge to $3,563 following the launch of the spot Ether ETF (exchange-traded fund), the Ether (ETH) price has underperformed Bitcoin and the broader cryptocurrency market over the past month. This underperformance has led traders to question whether the altcoin will see a sustained recovery. The ETH price is down 4.3% over the past seven days and down 2.11% over the past month.To put that into context, the Bitcoin (BTC) price is up 7.7% over the past 30 days, while the overall cryptocurrency market cap is up 6.2% over the same period.Other top layer-1 tokens, Solana’s SOL (SOL)…
The shuttered cryptocurrency exchange Mt. Gox appeared to have sent more than $2 billion to a new address around 11:28 p.m. UTC on Tuesday. data At Arkham Intelligence. Mt. Gox transferred 33,105 after conducting some insider trading on Tuesday. Bitcoin -0.84% ($2.19 billion) to an address beginning with “bc1q26.” It’s not immediately clear who owns the address.The latest transaction came after Mt. Gox transferred billions of dollars worth of Bitcoin to a designated cryptocurrency exchange. Bitbank, Kraken, Bitstamp and SBI VC TradingFor the past few weeks, for example, Bitstamp, said Last week, the company announced that it would begin distributing…
A popular cryptocurrency analyst and trader believes that three MiCoins, including Pepe (PEPE), are gearing up for a major rally. Altcoin Sherpa, an anonymous analyst, told his 219,100 followers on social media platform X that Ethereum (ETH)-based altcoin PEPE and Solana (SOL)-based meme tokens dogwifhat (WIF) and Popcat (POPCAT) are on the verge of breaking out of their immediate resistance levels. “Loading large cap memes to move on to the next level. PEPE, WIF, POPCAT.” Source: Altcoin Sherpa/X Based on the trader’s chart, he seems to be suggesting that PEPE will surge above the resistance line of $0.0000128 and then…
Jessie A Ellis July 31, 2024 02:56 Explore the essential principles and best practices for designing Solidity events on Ethereum and the EVM, which are critical to efficient blockchain development. Solidity events are a critical feature of Ethereum and EVM blockchains, providing a wide range of use cases essential to the ecosystem. According to the EigenLayer blog, these use cases include logging, off-chain notifications, data indexing and analytics, cross-contract communication, and security monitoring.For example, events allow smart contracts to record important operations and state changes, which are essential for tracking and debugging contract behavior.…