The first week of July was a tough week for the markets. But amidst the increased selling, crypto whales have been putting some altcoins into their wallets that some might call undervalued. Whales are big investors and their influence on prices cannot be underestimated. Therefore, market participants may want to keep an eye on Dogecoin (DOGE), Optimism (OP), and Pepe (PEPE), as these are some of the altcoin cryptocurrencies that whales have been buying this week. Dogecoin (DOGE) Large Holders Overlook Downtrend Like other cryptocurrencies, the price of DOGE has also plummeted. Specifically, it has lost 23.76% of its value…
Author: Crypto Flexs
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Gala Games will be hosting a highly anticipated town hall for their popular game Common Ground World today at 8am PT. The event will be livestreamed on the Gala Games YouTube channel, where players will have the chance to catch up on the latest updates and previews. Event Highlights The City Council promises a comprehensive agenda that includes: “Stars & Sweets” Event Summary Get a sneak peek at upcoming events, including the “Chocolate Ice Cream” contest Exclusive gameplay tips and strategies Q&A session to answer players’ questions Whether you’re a seasoned builder or new to…
HashKey Global Enters Global Top 10, Achieves Profitability in 2 Months – Chainwire housenewsroomHashKey Global enters global top 10, achieves profitability in 2 months since launch We use cookies to make the Chainwire website a better experience. Cookies help us provide you with a more personalized experience, relevant advertising, and provide web analytics for us. Technical storage or access is strictly necessary for the legitimate purpose of enabling the Subscriber or User to use specific services expressly requested by the Subscriber or User, or for the sole purpose of transmitting communications via electronic communications networks. Technical storage or…
We are delighted to announce that Kraken has won awards across multiple categories at two recent Australian cryptocurrency industry awards ceremonies: Finder’s Crypto Trading Platform Awards 2024 and WeMoney’s 2024 Crypto Awards. Finder, an award-winning financial comparison site, has named Kraken the best overall cryptocurrency trading platform for Australian customers in 2024. The decision was made after a team of experts analyzed over 1,100 different data points across 16 different exchanges over the past year. Finder also named Kraken a winner in the Advanced Trading and Crypto Trading – Extra Features categories. We received high marks for operating a diverse…
Despite the widespread sell-off in the cryptocurrency markets following Mt Gox’s decision to pay its creditors, $665 million In daily liquidations, some market makers and investors remain optimistic about Bitcoin’s medium-term prospects.“The amount that is due will be a burden in the third quarter,” GSR co-CEO and co-founder Rich Rosenblum told The Block.“It’s almost Bitcoin +1.93% “It will be mined in the first year after the halving,” he said. “But once it’s digested, there’s still plenty of time for it to hit a new all-time high before the end of the year.”Teddy Fusaro, President of Bitwise Posted on X Despite…
MATIC is struggling to find its footing after nearly all of its shareholders lost their earnings. The MVRV indicator showed that the token is in a bearish phase and needs a 13% upside to break out. The situation for Polygon (MATIC) has worsened since the recent market correction. To be very specific, the token price crashed to $0.43 on July 5th. To put this in perspective, the last time MATIC reached this level was in July 2022, when the cryptocurrency market was in a full-blown downtrend. MATIC’s recent decline was consistent with the overall market, but in one respect it…
CRONOS (CRO) Blockchain The upcoming Mainnet V1.3 will undergo significant upgrades to enhance backward compatibility and improve RPCs. According to the Cronos Newsletter, the upgrade is scheduled to take place on Thursday, July 18, 2024 at approximately 7:00 AM GMT (3:00 PM HKT/SGT) at block height 14,920,000. Upgrade Details The upgrade is designed to improve the overall performance and stability of the network. It provides a smoother experience for both developers and users, with improved backward compatibility and remote procedure call (RPC) functionality. The specific block height for the upgrade is 14,920,000, and the expected…
The U.S. House of Representatives is set to vote next week on a controversial Securities and Exchange Commission accounting notice that President Joe Biden has vetoed. A resolution was passed to overturn Employee Accounting Bulletin 121, also known as SAB 121. Exercise the right of veto This was announced by President Biden in May. This announcement has been controversial in the cryptocurrency industry over the past year due to concerns that it could prevent banks from custodial digital assets. Companies that custodial cryptocurrencies would be required to record customer crypto holdings as liabilities on their balance sheets.Weekly Schedule Posted House…
Bitcoin (BTC) fell to its lowest level since February, indicating panic selling among investors. However, Blockstream founder and CEO Adam Back said in a post on X that the decline is a “normal bull market pattern.” He said traders should buy the dip instead of panicking.The panic was triggered by expectations that the German government would liquidate its Bitcoin holdings and that Mt. Gox creditors would also cash out their payments. Financial analyst Jacob King said in a post on X that most of Mt. Gox’s former creditors are likely to sell their holdings.Crypto Market Data Daily View. Source: Coin360According…
VanEck and 21Shares made headlines in the crypto community when they announced their intention to list a Solana (SOL) ETF. According to blog.bitfinex.com, the news sent Solana’s price soaring, reflecting market optimism about the potential for institutional investment and mainstream adoption of blockchain, known for its high transaction speeds and low fees. Will the Solana ETF be approved? The recent proposal for a Solana ETF has generated considerable discussion. The proposed ETF aims to provide a new investment vehicle that can track Solana’s performance and attract more institutional interest and investment. Despite these expectations, the…