Get ready, because new LINK tokens are constantly flooding the market. As part of its regular unlocks, Chainlink recently unlocked 21 million LINK tokens worth $295 million in five undistributed supply contracts. like Mentioned by Most of these tokens from Spot On Chain were transferred to cryptocurrency exchange Binance, sparking speculation as to whether this was possible. fall into a waterfall At Chainlink’s price. Considering that Chainlink is not far behind, these speculations have expanded even further. Broader Market Downturn It is currently down 8% over the last 7 days. LINK keeps slipping while unlocking token Like many cryptocurrency tokens,…
Author: Crypto Flexs
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The cryptocurrency market is currently experiencing uncertainty, with Bitcoin (BTC) nearing higher time frame lows on the daily, weekly, and monthly charts. Additionally, according to Bitfinex Alpha, there is a downward trend on the sub-timeframe charts for 1- to 15-minute intervals. Market pressure and ETF outflows One of the important factors causing this uncertainty is the significant oversupply in the market. This was highlighted recently when the German government put additional pressure on the market by selling confiscated BTC. Other notable overhang sources include Mt. There are Gox creditors and Bitcoin miners. Moreover, US spot…
The UEFA European Football Championship kicked off its 2024 tournament on June 15, sparking excitement among football fans around the world. At face value, we can assume that sports-related cryptocurrency tokens, especially soccer-related ones, will perform admirably considering this event takes place once every four years. But the reality was just the opposite.The Block’s Sports Token Index, which tracks the performance of fan tokens from high-profile European soccer teams, was one of the worst-performing asset baskets on the market this week.The index has fallen significantly since the tournament began on June 15th, and the token’s cumulative market capitalization has decreased…
Tether ends USDT support for Algorand and EOS. According to Tether, the move is part of a “strategic shift.” Dropping support for a popular blockchain isn’t Tether’s first decision. Despite drawing the ire of regulators on several occasions, Tether continues to dominate the cryptocurrency stablecoin market. A key part of the success of stablecoin issuers is their availability and speed of launch on fast-growing blockchains. However, this strategy requires your company to review its supported networks from time to time. As of the most recent review, Algorand and EOS have gotten the axe. “Strategic shift” Tether ends USDT support for…
Education innovators TinyTap and Open Campus have announced their first event, “EDU Denver”, to be held on 24 June 2024 from 19:00 to 23:00 (MST) in Denver, Colorado. According to Animoca Brands, this free event aims to bring together leaders in education and Web3 to explore expansion of the decentralized education ecosystem. Event Highlights EDU Denver promises an evening filled with inspirational talks, hands-on demonstrations, networking opportunities and entertainment. The event coincides with a prestigious international conference. technology in Education (ISTE) conference offers attendees a unique opportunity to combine the latest technologies in classroom and…
Bitcoin (BTC) fell below $60,000 on June 24 for the first time in seven weeks. Analysis results showed that the cause of the decline was the ‘whale game’.BTC/USD 1-hour chart. Source: TradingViewBitcoin whale “spoofing” costs BTC big timeThe new BTC price on Bitstamp hit a local low of $59,809 after Wall Street opened, according to data from Cointelegraph Markets Pro and TradingView.The weakness that began after the weekly close continued through the Asian and Wall Street trading sessions, with BTC/USD suffering a 5% loss for the day.Responsive trading resource Material Indicators has revealed a classic scenario that plays out repeatedly…
Leading blockchain oracle service Chainlink (LINK) has seen $2.5 billion worth of it heading to cryptocurrency exchanges. Analyst Ali Martinez said that within 24 hours on June 22, traders deposited millions of LINK into digital asset exchanges where they could be sold on the open market. “18.77 million LINK worth approximately $256.2 million were transferred to cryptocurrency exchanges (in 24 hours)!” Source: Ali Martinez/X The LINK token has fallen since being transferred to the exchange and is currently trading at $13.03. Looking at Ethereum (ETH), Martinez reported that the leading smart contract platform has experienced the largest increase in daily…
With just over a week left before the EU’s Markets in Crypto Assets Regulations (MiCA) stablecoin rules take effect, one real-world assets (RWA) platform is exploring ways to offer asset-backed tokens. This is the issuance of gold-collateralized NFTs. . Berlin-based Swarm Markets plans to allow individuals to purchase NFTs that represent ownership of physical gold, according to a release shared with Block. The gold bullion backing the tokenized assets is stored in Brink’s vaults in London. Users can exchange NFTs on a peer-to-peer basis through Swarm’s decentralized over-the-counter (dOTC) platform after passing know-your-customer (KYC) and anti-money laundering (AML) processes. “I…
Google announced the launch of new AI tools for Google Workspace for Education, including the introduction of Gemini to improve the learning experience for teenage students. According to blog.google, this move is part of Google’s broader efforts to make AI useful in educational settings and beyond.Empowering Teens to Learn Responsibly with GeminiGemini, Google’s new AI tool, is designed to prepare teens with the skills and tools they need to succeed in a future where generative AI (GenAI) will play a critical role. Gemini provides guided support, immediate assistance, practice materials and real-time feedback with the…
XRP has fallen more than 4% over the past seven days. Most market indicators remained bearish for the token. Like most cryptocurrencies XRP Recently, they faced difficulties due to a failed price increase. The recent price correction has brought XRP down to a critical support level. This allowed the token to show strength to change the trend. However, things can get even worse if the token fails the support tests. XRP bears are leading. CoinMarketCap’s data The value of XRP has fallen by more than 4% over the past seven days. In the last 24 hours alone, the price has…