Justin Sun, founder of Tron, a blockchain that enables smart contracts, announced that his team is working on a gas-free transaction solution for stablecoins. This means that stablecoin transfer fees will be free for users, and issuers will have the opportunity to pay for them. The service is expected to be operational in Q4 and (…)
Author: Crypto Flexs
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Activity in the spot market did not match expectations of weakness in the derivatives markets. Open contracts have increased and price increases are likely to continue. Altcoins including Avalanche (AVAX) have been able to maintain their recent uptrend after a price crash a few days ago. However, AMBCrypto found that traders in the market have decided to bet in the opposite direction. At the time of writing, AVAX’s long/short ratio was 0.88, which is evidence of this sentiment. The long/short ratio acts as a barometer of investor expectations. To derive the result, you need to divide the number of long…
Cats in the Dog World (MEW) is a cryptocurrency project that stands out in the crowded Solana ecosystem’s MEW ecosystem by adopting a unique cat-themed narrative. Launched on the Solana blockchain on March 25, 2024, MEW aims to challenge the dominance of dog-themed coins like Dogecoin (DOGE) and Shiba Inu (SHIB). The project combines a strategic burn mechanism with intentional airdrops to build value, community, and scarcity. According to blog.bitfinex.com, MEW has gained significant attention within hours of its launch, reaching $150 million in trading value and quickly gaining traction in the Solana ecosystem. Strategic…
IOTA has announced a strategic partnership with Tokeny, with the goal of integrating Tokeny’s enterprise-grade tokenization technology into the IOTA EVM (Ethereum Virtual Machine). According to the IOTA Foundation Blog, this collaboration will enhance on-chain compliance and control over token trading, ensuring that only qualified investors can participate.Unlocking Enterprise-Level Tokenization on IOTA EVMFor businesses exploring decentralized finance (DeFi), it is important to comply with legal requirements such as anti-money laundering and securities regulations. Such compliance protects investors, ensures transparency and fairness, maintains market integrity, and builds trust essential to the sustainability of financial markets. It…
The Ethereum (ETH) ecosystem has suffered $400 million in exploits this year, with cryptocurrency hacks up 50%, according to new research from cybersecurity firm SlowMist. According to SlowMist’s 2024 mid-year report, the second-largest digital asset by market cap lost the most funds due to ecosystem exploitation, followed by layer 2 scaling solutions Arbitrum (ARB) and Blast. “From an ecosystem perspective, Ethereum suffered the biggest loss, at $400 million. Next was Arbitrum, with a loss of $72.46 million, and Blast, with a loss of $70 million. Additionally, Binance Smart Chain (BSC) experienced a total of 57 security incidents, with losses amounting…
According to OKX, cryptocurrency exchange OKX has announced that it has successfully completed the AGIX token migration. This update represents a significant step in the platform’s ongoing efforts to improve token offerings and streamline services.Deposits and WithdrawalsIn addition to the previous one, OKX also re-enabled deposits and withdrawals for Fetch.ai (FET). However, the exchange stated that it will no longer support AGIX deposits going forward. Users are advised to carefully monitor this change to avoid potential disruptions to their trading activities.Risk AdvisoryOKX has issued a risk warning highlighting the speculative nature of digital assets and…
ADA trading volume soars but price falls Several indicators and indicators on the charts pointed to a bullish rally. Like most cryptocurrencies, Cardano (ADA) Also, the daily chart turned green a few days later, indicating a good performance over the last 24 hours. However, there could be better news as ADA could be on the verge of a bullish breakout if certain conditions are met. Let’s take a look at what ADA needs to do to maintain its strength on the price chart. Cardano sees more green Before the most recent increase, Cardano’s price had fallen by more than 9%…
BNB Chain officially announced the winners of the Q2 2024 Hackathon themed ‘One BNB – Coding the Future’. The event attracted developers from all over the world, showcasing a wealth of talent and innovative projects. Out of 196 submissions, 10 projects advanced to the Demo round and competed for the top 3 spots. Main Challenge Winner A total of $50,000 in prize money was awarded. ranking compensation winner Top 1 $15,000 Context Pilot Top 2 $10,000 each Kiwi Pad Bot, Memehub.AI Top 3 $5,000 each Babydrop,…
Binance transferred $14.75 million worth of PEPE between hot wallets. Dormant holder sells 10 billion PEPE coins for $112,000 $2.75 million worth of PEPE long positions were liquidated as a result of derivatives liquidation. PEPE has spent most of this year climbing the global cryptocurrency rankings, but the frog-themed meme coin’s double-digit gains are usually followed by sharp corrections in the cryptocurrency markets.Binance prepares PEPE for massive market activityAs the overall cryptocurrency markets witnessed a full-blown decline this Wednesday, PEPE was not spared from the bear market either. As Bitcoin (BTC) briefly fell below $60,000 for the first time since…
Binance, a major cryptocurrency exchange, announced that it is removing several spot trading pairs, including AMB/.BitcoinIOST/BTC, LINA/BTC, as part of the periodic review process. According to Binance’s official announcement, the delisting will take effect on July 6, 2024. Reason for delisting Binance conducts regular reviews of all listed spot trading pairs to ensure a high-quality trading environment for users. Factors such as low liquidity and low trading volume are important considerations for delisting. This routine evaluation aims to protect users and maintain market integrity. Termination details In line with the upcoming delisting, Binance will also…