BitMEX co-founder Arthur Hayes is increasing his bullish sentiment on both Dogecoin (DOGE) and Pendle (PENDLE) despite the sudden cryptocurrency decline. Hayes told his 524,900 followers on social media platform “I like this choppy movement on the price drop of this shitcoin. “I’m adding PENDLE and DOGE to my bag.” DOGE is trading at $0.12 at the time of this writing, up more than 2% in the last 24 hours. Meanwhile, PENDLE is trading at $5.65 at the time of this writing, up nearly 13% on the day. Hayes, who is also an advisor to the Pendle project, was recently…
Author: Crypto Flexs
Read More
Analysts at research and brokerage firm Bernstein believe Bitcoin (BTC) could reach nearly $200,000 by the end of next year following strong inflows into spot US Bitcoin exchange-traded funds (ETFs) since its approval in January. It was predicted that there would be. This forecast is an upward revision from the previous target of $150,000.Analysts based this forecast on the assumption that spot Bitcoin ETFs could account for approximately 7% of the total Bitcoin circulating supply by the end of 2025.“We believe Bitcoin ETFs are on track for approval by major financial institutions/large private banking platforms in the third quarter,” Bernstein…
I first drafted the Ethereum whitepaper on a cold day in San Francisco in November. This is the culmination of months of thinking and often frustrating work into an area we have come to call “Cryptocurrency 2.0” – in short, the Bitcoin blockchain for more than money. In the months leading up to Ethereum’s development, I had the privilege of working closely with several projects seeking to implement colored coins, smart assets, and various types of decentralized exchanges. At the time, I was intrigued by the enormous potential this technology could bring. This is because we are acutely aware that…
Cardano (ADA) It is one of the tokens that is currently in the spotlight, with many projects achieving good results during the ‘Atcoin season’. Bitcoin’s dominance is cooling off. The token has been rallying in recent days, and one of the reasons for this resurgence has been revealed. Cardano whales are accumulating in post IntoTheBlock, a blockchain analytics platform on the Cumulative 1.89 billion ADA During that period. This represents an investment of more than $600 million. ADA token. Related Reading Interestingly, their decision big holder It appears that this accumulation is already paying off, as most of it is…
Kinetix, an AI-powered DeFi hub, is making waves in the cryptocurrency space. A year after launching its cutting-edge platform and securing high-profile DeFi partnerships, Kinetix recently announced the upcoming launch of its own token, KAI. The project’s initial decentralized offering (IDO) has already shown significant interest and is scheduled to be completed on June 18th, while the official KAI token launch is scheduled for June 20th. Tokens anxiously anticipated with tears before launch Rumors surrounding Kinetix’s KAI token began in early June. The project joined Eclipse Finance, a launch platform for Twitter Space, on June 5 to discuss the KAI…
Bitcoin (BTC) fell victim to large order book players on June 20 as its slow grind above $66,000 evaporated.BTC/USD 1-hour chart. Source: TradingViewBitcoin traders are caught in a new wave of volatility.BTC/USD hit $66,455 on Bitstamp before Wall Street opened, according to data from Cointelegraph Markets Pro and TradingView.This uptrend hardly lasted, however, as a sudden reversal caused the price to fall by $2,000.By analyzing the latest movements, our trading resource important indicators place a firm charge at the whale’s door.“FireCharts shows whales spoofing bids in order book,” FireCharts confirmed to X (formerly Twitter), citing data from one of its…
Open interest is rapidly increasing as institutional investors use spot Bitcoin exchange-traded funds (ETFs) and the CME Bitcoin futures market for basis trading. “Spot Bitcoin ETFs have contributed to an 80% increase in open interest in the CME Bitcoin futures market year-to-date,” Gabriel Selby, senior research analyst at CF Benchmarks, told The Block.Selby added that this institutional investor activity could drive Bitcoin liquidity and “set the stage for a stronger, more interconnected market ecosystem.” Number of CME futures contracts recorded after spot ETF approvalAccording to CF Benchmark data, there are currently less than 18,000 short-term Bitcoin contracts on CME (with…
In 2024, several altcoin projects have secured significant funding, demonstrating growing investor confidence in the cryptocurrency market. These initiatives are gaining traction due to their financial support and potential to drive innovation and efficiency in the industry. Largest altcoin fundraise Leading the way is Monad, which has raised $225 million. This new layer 1 blockchain is designed for speed and interconnectivity and boasts features such as 10,000 transactions per second, 1 second block time, and single slot finality. Monad’s EVM compatibility further enhances its appeal, positioning it as a significant player in improving blockchain efficiency and scalability. Berachain has also…
June 20th What is LayerZero (ZRO)? Post time: 12:32h education Maria Lobusova In the rapidly evolving multichain paradigm that makes up the Web3 ecosystem, LayerZero promises to be a new solution that can redefine the landscape of decentralized applications (DApps) and cross-chain interactions. LayerZero aims to solve important and ongoing challenges in interoperability in the blockchain space. Interoperability refers to the ability of different blockchain networks to communicate with each other, share data, and transfer assets across chains. This is very important in a multi-chain world where users transact on competing Web3 chains. LayerZero is not just a Web3 chain.…
Binance, one of the world’s leading cryptocurrency exchanges, has announced the next round of its ‘Learn & Earn’ program. According to Binance, this initiative allows users to gain knowledge about blockchain technology while earning cryptocurrency rewards by completing courses and quizzes.Program DetailsThe activity period for this round is from 09:00 UTC on June 20, 2024 to 09:00 UTC on July 4, 2024. During this period, KYC-verified users can participate and receive CVP rewards on a first-come, first-served basis. Users can earn rewards by reading articles, watching videos, and completing quizzes.Eligibility and ParticipationAll users with KYC…