Celo has launched Dango, a layer 2 testnet that signals early steps toward integration with the Ethereum ecosystem. Celo leveraged Optimism’s OP stack to make this plan a reality. In a major move toward becoming part of the Ethereum (ETH) ecosystem, Celo, a blockchain platform designed specifically for mobile phone users, has launched the Dango Layer 2 testnet. This represents a major step forward in Celo’s plans to integrate with Ethereum. It takes two to make a dango The Dango testnet proposed at EthCC 2023 facilitates the migration of developers to a new iteration of the Celo blockchain focused on…
Author: Crypto Flexs
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Cryptocurrency custodian Hex Trust has partnered with Monad Labs to become the first custodian to offer custody services on the Monad Layer-1 network. According to a press release seen by crypto.news, Hong Kong-based cryptocurrency custody provider Hex Trust has partnered with blockchain developer Monad Labs to provide these services to the Monad ecosystem. The blockchain developer said the collaboration represents a “significant milestone” as Hex Trust becomes “the first custodian to support asset custody on the Monad blockchain.” Joey Anthony, head of business development at Monad Labs, said in a statement that the company chose the Hong Kong-based custodian because…
Binance Futures has announced updates to leverage and margin tiers for several USDⓈ-M perpetual contracts, including RNDRUSDT, ZROUSDT, ZKUSDT, and LISTAUSDT. According to Binance, the new tiers will take effect on July 9, 2024 at 06:30 (UTC). Update Details The adjustments to leverage and margin levels have been implemented to provide users with better risk management and trading experience. It is important to note that existing positions opened prior to the July 9 update will not be affected by these changes. Additionally, Binance Futures will further update the leverage and margin tiers for KNCUSDT, ICXUSDT,…
Bitcoin has 3 months left until its bull market resumes, but it could still achieve a 300% rally by 2026.These are some of the conclusions from the latest BTC price analysis by an anonymous engineer named Apsk32.BTC Price ‘Acceleration’ Likely to Be Absent for At Least 3 MonthsApsk32, in a post on X on July 9, used the power law indicator to predict future performance of the Bitcoin (BTC) market.The power law essentially provides a lower BTC price support band, which has been in place since BTC/USD traded at just $1. Several other bands, or “timelines,” provide additional price information,…
According to cybersecurity firm Cyvers’ annual Web3 Security Report, the total amount of cryptocurrency funds stolen by 2024 is expected to approach $1.4 billion, with centralized exchanges emerging as a new hotbed of exploitation. Total cryptocurrency losses in Q2 2024 will exceed $600 million, a 100% increase over the same period in 2023. The surge in stolen funds is primarily due to a 900% increase in losses at centralized exchanges, according to the report. “This quarter saw a significant shift in attack vectors, with centralized exchanges (CEXs) suffering the majority of major incidents, but decentralized finance (DeFi) protocols showing improved…
Bitcoin has struggled to regain its upward momentum since its drop from $62,800 about a week ago, fueling speculation of an imminent further decline. However, BitfinexA leading Hong Kong-based cryptocurrency exchange recently predicted in an analysis report that Bitcoin could potentially be heading towards a domestic bottom, suggesting that its recent downtrend could be coming to an end. Is Bitcoin’s Downtrend Ending? Cryptocurrency exchange Bitfinex released its latest Bitcoin predictions on Monday. Alpha-112 Report. This prediction is consistent with the recent massive sell-off in BTC, which may have had a negative impact on the cryptocurrency asset, leading to significant declines…
Ethereum Cryptocurrency Firm Loses $3.5 Million in Unrealized Profits Due to Bad Timing PEPE coin is on track to fully recover its all-time high by the end of May 2024. Monday’s cryptocurrency crash had an impact on PEPE, but a bounce has yet to be confirmed. A case has been made that shows how major Ethereum (ETH) players can potentially turn huge profits into huge losses when playing with meme coins. As discovered by crypto whale tracker SpotOnChain, a single individual deposited 519B Pepe Coins (PEPE).Massive PEPE Coin Selling WrongThis digital asset is worth $5.11 million at the time of…
According to apps.sfc.hk, Julia Leong, CEO of the Securities and Futures Commission (SFC), delivered a keynote speech at the Bond Connect Anniversary Summit 2024. The event marked an important milestone in the continued integration of international bond markets. Key highlights of the speech Lung highlighted the importance of the Bond Connect initiative in facilitating greater collaboration between mainland Chinese and international investors. She highlighted the program’s role in enhancing market access and transparency. Leung also discussed the future prospects of the Bond Connect program, noting its potential to further streamline cross-border investment flows. She stressed…
Bitcoin enters the second week of July in a dangerous state, with investors concerned about further declines in the BTC price.Bitcoin (BTC) is causing a nightmare for investors as it hits its lowest weekly close in four months, with unrealized losses mounting and more hits expected to come.Where will the market ultimately go?The trading community, already shocked by the scale of recent losses, is nonetheless bracing for lower levels. Historically, the current decline is still small, leaving the path open for a trip to $50,000 or lower. With this unpleasant situation in mind, long-time market participants are watching to see…
A prominent crypto strategist predicts that Ethereum (ETH) will surge towards the end of the year due to the current market correction. Anonymous analyst Inmortal told his 214,800 followers on social media platform X that Ethereum is likely to consolidate between $4,000 and $2,800 in the coming months. The trader shared a chart suggesting that Ethereum will see a parabolic rally starting in October and continuing throughout the year, ultimately leading ETH to a new all-time high of $8,000. “Capture this. “It’s ETH.” Source: Inmortal/X At the time of writing, Ethereum was valued at $2,903, down more than 4% on…