Prominent cryptocurrency exchange BitMEX has officially updated its index weights as part of its quarterly review for Q3 2024. The change took effect on June 28, 2024 at 04:00 UTC, as announced on the BitMEX blog. Update Details The updated index weights are part of BitMEX’s ongoing efforts to ensure that the indices accurately reflect the market. The hypothetical values of the new weighted indices were published in the “NEXT” index series, such as .BXBT_NEXT. This update aims to provide traders with more accurate and up-to-date market data. Implications for Traders For traders, the updated…
Author: Crypto Flexs
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Binance Coin was unable to defend the gains it made earlier this month. The price is likely to move towards $500 next before a recovery begins. Binance Coin (BNB) bulls were unable to defend against a breakout above the $635 resistance level. The price returned to the $570 support zone at the time of writing. Technical indicators emphasized bearish expectations. The data from the gift market was also dismal. On the 29th, the mood seemed to be turning bullish, but this was not accompanied by an increase in open interest. What should traders expect this week as speculators wait for…
XDEFI, a prominent multi-chain wallet provider, has announced the integration of Circle’s Cross-Chain Transfer Protocol (CCTP) to facilitate safer and simpler USDC cross-chain swaps. The collaboration aims to streamline the user experience. Decentralized Finance According to circle.com, CCTP’s powerful infrastructure can be leveraged to implement (DeFi). Strengthening Financial Wellbeing Launched in 2020, XDEFI is a cryptocurrency and Decentralized applications (dApps) can significantly improve financial well-being. Despite this potential, the technology is still in its infancy, and the growing number of blockchains and infrastructure options can be overwhelming for users. XDEFI solves these problems by supporting…
A new traffic monetization tool, Adsgram, has been launched in the Telegram messenger, allowing developers to place ads within their mini-applications and earn TON coins.The TON community has officially introduced Adsgram, a new third-party platform on Telegram that allows developers to connect their mini-apps (or bots) to our advertising system and display ads to earn Toincoin TON. This platform is different from the Telegram Advertising Platform, the official Telegram advertising platform for channel owners that was launched last March.On June 25, TON Community announced that Adsgram offers a variety of ad formats, including 15-second video ads, static banners, and channel…
Late Friday, Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia allowed the SEC to proceed with the SEC’s indictment against Binance for alleged initial coin offering and ongoing sales of BNB, BNB Vault, its staking service, failure to register, and fraud. It was ruled that there was. She won a motion to dismiss charges related to Binance and Zhao’s secondary BNB sales and Simple Earn.
Vitalik ButerinEthereum co-founder recently expressed his discontent with the way cryptocurrency legislation is currently being handled. He believes that the current regulatory framework has led to “anarchic tyranny” in the Bitcoin space. Buterin argues that these laws have cornered well-intentioned developers, creating a scenario that is more dangerous than anarchy and tyranny. But to address these issues, Buterin has come up with three ideas for regulating cryptocurrencies. The use of leverage should be limited. Buterin proposes legislation to limit the amount of leverage that can be used in Bitcoin trading. This would reduce unnecessary risk…
Aayush Jindal is a financial market guru with over 15 years of experience in forex and cryptocurrency trading. Known for his excellence in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors across the world, guiding them through the complex landscape of modern finance with his sharp insight and penetrating chart analysis. From an early age, Aayush showed a natural talent for deciphering complex systems and unraveling patterns. Driven by his insatiable curiosity to understand market dynamics, he embarked on a journey that would lead him to become a leading authority in the field of…
Dogecoin’s derivatives trading volume plummeted to less than $1 billion due to the price drop. Analysts estimate how long DOGE will trade in a phased consolidation mode. Expanding Bollinger Bands hint at price action for Dogecoin. Aside from the massive rally that saw Dogecoin (DOGE) hit $0.2255 on April 1, 2024, these top coins are younger, smaller coins like Shiba Inu (SHIB), Floki (FLOKI), Bonk (BONK), and Dogwifhat (WIF). is lagging behind. DOGE also lost its status as the most in-demand meme coin in derivatives and succumbed to PEPE.DOGE Army is obsessed with the XPayments hypeDOGE expects to include XPayments,…
Bitcoin (BTC) increased volatility on June 30th as traders braced for an “interesting” BTC price move.BTC/USD 1-hour chart. Source: TradingViewBitcoin bids are expected to be under $60,000.Data from Cointelegraph Markets Pro and TradingView followed BTC/USD with Bitstamp hitting an intraday high of $61,668.The pair recovered from the previous day’s local low of $59,950, which led to a fresh drop below the key $60,000 level amid uncertainty over BTC price support.Now, with a few hours left until the weekly, monthly and quarterly candles close, bids have appeared below the spot price.Popular trader Daan Crypto Trades wrote in a post on X…
index While big names like Cardano (ADA) have found their feet, newcomers like Cosmic Kittens (CKIT) are changing things up with fresh ideas.So the question is: Can a beginner like CKIT with its Play to Earn concept beat the well-known Cardano (ADA) and enter the top 20 cryptocurrencies? Let’s compare what each project brings and see who performs better.>>>Click here to Learn more about Cosmic Kittens (CKIT)>Click here to Learn more about Cosmic Kittens (CKIT)