Bitcoin price is struggling to maintain its bullish momentum despite first breaking above $62,000 in August. However, one analyst believes BTC is approaching a potential breakthrough that could bring in six-figure prices.Bitcoin Q4: “The Steepest Rise” AwaitsIndependent technical analyst Gert van Lagen seems convinced that the current price action of Bitcoin (BTC) will have explosive consequences. In an August 27 X post, van Lagen highlights the formation of a parabolic curve, with BTC continuing to rise in a stepwise fashion. This chart also shows the formation of a rare cup and handle (CnH) pattern on the weekly chart. This pattern…
Author: Crypto Flexs
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The Maker Protocol is working to bring decentralized finance (DeFi) to the masses by officially rebranding to Sky and revealing the name of its upgraded stablecoin and native governance token.Maker, the oldest DeFi lending protocol, has rebranded Dai (DAI), the world’s largest decentralized stablecoin, to USDS as part of a rebranding effort.The protocol also introduced the Sky (SKY) native governance token, an upgraded version of the Maker (MKR) token, into the broader Sky ecosystem.MakerDAO co-founder Rune Christensen argues that the rebranding effort is a step toward signaling “the next evolution of DeFi.”In a statement shared with Cointelegraph, Christensen wrote:“The protocol…
Solana Optimistic Network, known as SOON, has raised an undisclosed amount in a “cobuilder” round.Participants include Solana Foundation Chair Lily Liu, Solana Labs Co-Founder Anatoly Yakovenko, Coinbase Ventures President Jonathan King, Celestia Labs Co-Founder Mustafa Al-Basam, Avail Co-Founder Robinson Burke, and Wormhole Foundation Co-Founder Robinson Burke.According to the press release, the round is targeted solely at construction companies (as the name suggests) and claims no venture capital firm involvement.According to a press release, the funds raised will be used to build the flagship product, the SOON Stack and the SOON Mainnet, making SOON “the highest throughput rollup stack that brings…
James Ding 27 Aug 2024 13:14 Binance announced that it is adding new trading pairs and trading bot services to its spot markets, improving user experience and trading options. Binance, one of the world’s leading cryptocurrency exchanges, has announced the introduction of new trading pairs and trading bot services on spot markets to expand trading options and improve user experience. According to binance.com, the new features will be available starting from August 28, 2024, at 13:00 (UTC).New trading pairsBinance will be introducing trading for the following currency pairs:Dog/BRLDog/USDCRare/BRLRare/USDCThese additional features are expected to provide…
Bitcoin could face a potential “liquidation cascade” towards $50,000 as BTC price rally thwarts analysisPopular trader Credible Crypto has a gloomy short-term outlook for Bitcoin (BTC) bulls in his latest market commentary on X.BTC Price Analysis Warns That ‘Range Bottoms’ Could ReturnThe BTC price has risen by about 40% since its August low, but the market has recently been struggling to sustain its uptrend.According to data from Cointelegraph Markets Pro and TradingView, BTC/USD is down 1% on August 27, down from the local high of $65,100 recorded the previous day on Bitstamp.BTC/USD 1-hour chart. Source: TradingViewFor market participants, the writing…
According to the TON Foundation ecosystem lead, TON’s Web3 engine provides a competitive advantage to Telegram mini-apps and opens up new monetization tools.
Regulations • August 27, 2024 2:23 AM EDT Posted 1 minute earlier ~ in Updated: August 27, 2024 3:06 AM EDT French President Emmanuel Macron said the arrest of Telegram CEO Pavel Durov was “not a political decision at all” and was part of an ongoing judicial investigation.Macron wrote: mail On Monday, France said it was “deeply committed to freedom of expression and communication, innovation and entrepreneurship.””In a country governed by the rule of law, freedoms are guaranteed within the legal framework to protect citizens and respect fundamental rights, both on social media and in real life,” President Macron said.President…
Layer 1 blockchain The Open Network (TON) has released a statement in support of Telegram founder Pavel Durov, who was recently arrested in France. TON said on social media platforms that the network would continue to operate normally after Durov was detained on charges of crimes related to the Telegram messaging app. “As a community dedicated to free speech and decentralization, we stand steadfastly with Pavel during this difficult time. Pavel has been a dedicated advocate for these values, and we believe his work to promote an open and decentralized internet will continue to inspire millions. The TON community remains…
Tony Kim 27 Aug 2024 09:54 SSV Network and Ether.fi have teamed up to launch the ‘Learn and Earn’ campaign, where participants will have the chance to win $50,000 in prizes while learning about DVT. SSV Network and Ether.fi have announced a groundbreaking partnership that aims to revolutionize liquid re-staking through Distributed Validator Technology (DVT). According to SSV Network, the collaboration will be celebrated with a two-week Learn and Earn campaign on the Galxe platform, giving participants a chance to win a $50,000 prize pool on ETHFI. Campaign Details The campaign invites participants to…
Company • August 26, 2024 5:25 PM EDT Posted 1 minute earlier ~ in Happy Monday! In today’s newsletter, Telegram CEO’s arrest is related to a cybercrime investigation, Abra settles lawsuit with SEC, and stablecoin market cap hits new all-time high.Let’s get started.Telegram CEO Arrested in Cybercrime InvestigationTelegram CEO Pavel Durov has been arrested by French authorities as part of a cybercrime investigation into allegations that he provided unauthorized cryptographic services and tools. Durov was detained at Le Bourget Airport on 24 August 2024 as part of a judicial investigation by the Paris prosecutor’s office focusing on cybercrime. The investigation…