A prominent crypto strategist believes one of Ethereum’s (ETH) competitors is in a bullish trend after retesting the $120 range last week. Altcoin Sherpa, an anonymous analyst, told his 217,700 followers on social media platform X that Solana (SOL) appears to have more upside potential after holding the 200-day exponential moving average (EMA) as support. “SOL: I didn’t trade this… but I think it would be nice if SOL went up more.” Source: Altcoin Sherpa/X As of this writing, Solana is priced at $140, down 8.5% over the last 24 hours. The analyst then stated that Bitcoin (BTC) continues to…
Author: Crypto Flexs
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Cryptocurrency exchange ByBit has been gaining attention recently due to its growing dominance in the spot market. ByBit is on track to be the second-largest spot exchange by trading volume for the fifth consecutive month, and has recorded its highest market share ever, accounting for 10.6% of the exchange’s total trading volume. In September 2022, its share was just 3%.ByBit’s new dominance was achieved through a steady upward trend, with its market dominance beginning in mid-2023.ByBit CEO Ben Zhou attributed ByBit’s growth to providing an exchange to former FTX customers, allowing users to trade cryptocurrencies on margin, and serving similar…
Bitfinex, a leading digital asset trading platform, announced that it will be one of the first exchanges to list the native token of the Data Ownership Protocol (DOP). According to a Bitfinex press release, the Data Ownership Protocol is a decentralized platform designed to give users complete control over their digital assets and trading data through advanced zero-knowledge proofs. Innovative features of data ownership protocols The Data Ownership Protocol leverages zero-knowledge proofs to enhance transparency and security within the Ethereum Layer 1 framework. This advanced protocol allows for robust asset storage and transaction data management,…
Recent updates on the Spot Ethereum ETF (Exchange Traded Fund) Nate GeraciAs the president of ETF Store, he has received a lot of attention from investors and institutions. According to his post on X, the U.S. Securities and Exchange Commission (SEC), which was expected to approve the launch of such a product by July 2, has postponed its decision to mid-July. Following this update from Geraci, several Ethereum-based tokens have seen massive sell-offs. Whales dump LDO, AAVE, UNI tokens at a loss July 3, On-chain analytics company Look on Chain A single whale/institution has reportedly sold millions of dollars worth…
Bitcoin has been under immense selling pressure over the past 24 hours, with the digital asset breaking below the $60,000 support level and reaching a recent low of $57,800.According to Coinglass data, over $77 million worth of Bitcoin longs have been liquidated on central exchanges in the past 24 hours. This is part of a total of $92 million in liquidated BTC positions. In the broader crypto market, over $295 million has been liquidated on central exchanges, with long positions worth around $259 million.Ether, the second largest cryptocurrency, is also facing significant liquidations, with over $71 million liquidated, $62 million…
According to Binance, Binance Square has launched a new Giveaway Center, offering verified users a chance to win $10,000 worth of MANTRA (OM) tokens by completing a series of simple tasks.Participation DetailsThe activity period will be from July 4, 2024 to July 30, 2024. During this period, verified Binance users will be able to participate by completing three key tasks to unlock a portion of the $10,000 MANTRA (OM) token reward pool. The tasks include:Visit the Activity landing page and follow the project account on Square.Share your pinned post with friends or on social media.Complete…
Major tech giant Opera is upgrading the cryptocurrency wallet for its mobile browser Opera Mini by integrating Tether’s USDT and Circle’s USDC, two of the largest stablecoins on the market.MiniPay, the stablecoin-based self-custodial wallet built into Opera Mini, launches Pocket, a new feature that enables one-click swaps between Celo Dollar (cUSD) and newly integrated stablecoins.According to an announcement on May 3, Pockets will allow MiniPay users to easily switch between USD Coin (USDC), Tether (USDT), and cUSD using drag-and-drop gestures “with less than a cent in fees and no hidden costs.”Source: MiniPay“This feature abstracts asset exchange from Web3, allowing users…
Tier 1 • July 4, 2024 6:20 AM EDT Posted 1 minute earlier In ~ Two transactions have been made on multiple Mt Gox wallets in the past few hours ahead of a $9 billion Bitcoin redemption.According to Arkham Intelligence, the transactions involved three wallets previously associated with a collapsed exchange. The largest movement was $24 worth of Bitcoin.The last time Mt Gox funds were moved in a significant amount, the funds were primarily consolidated into three wallets. At one point, $24 was left in the wallet that was used as an intermediary. According to Arkham Label, over the past…
According to Immutable.com, Immutable (IMX) Passport recently reached a significant milestone by reaching over 1 million subscribers. The platform is expected to soon reach 1.5 million subscribers, demonstrating the rapid growth trajectory for this innovative gaming identity and wallet solution. Immutable Passport aims to solve a major problem in the web3 gaming space by making games more accessible to mainstream gamers and providing developers with the essential tools to build and grow their web3 projects. It took us 6 months to get to 1 million subscribers, 1 month to get to 400k, and 1 month…
“We believe Jerome Powell’s bullish rhetoric and continued selling pressure are likely to push BTC down to $52,000,” Valentin Fournier, digital asset analyst at advisory firm brn, said in an email. “However, we would view this as a buying opportunity, as improved crypto regulation and easing inflation in the US are not yet fully priced in and are likely to generate strong momentum as investors shift their focus to a longer-term perspective.”