join us telegram A channel to stay up to date on breaking news coverage Cryptocurrency is emerging as a central field of finance and investor interest is increasing. Tether, known as the world’s largest stablecoin, introduces Alloy, a new digital asset platform that combines the stability of the U.S. dollar and the safety of gold. The first token, aUSD₮, is backed by Tether Gold (XAU₮), Switzerland’s physical gold reserve. As interest in the cryptocurrency market grows, investors are pursuing it. New token launch, listing and pre-sale Take advantage of optimistic market sentiment. This article presents a selection of tokens to…
Author: Crypto Flexs
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Dear Ethereum Explorers, Announcements are coming one ~ after Other The closer we get to Devcon. Today we are excited to announce the launch of our second funding round for the SEA community. clr.fund! We saw the excitement and grassroots energy growing in Southeast Asia on our SEA Tour in April and witnessed first-hand the passion of local builders. Special Initiative: Second round of funding for the SEA community 👏 The Southeast Asia Ethereum community is organizing a second funding round with clr.fund specifically for the region! The Devcon team is proud to support this initiative by contributing to the…
Chainlink (LINK) price is showing bearish momentum as the market appears to be showing signs of fatigue. Chainlink price shows a downward trend. Key support for the LINK/USD pair was found at $8.54. Pair resistance seen at $9.26 The price of the LINK/USD pair fell in an overall predictable overnight decline. Moreover, the market has lost 4.80% in the last 24 hours and is currently facing major resistance at $9.26. Currently, LINK price appears to be very bearish with key support at $8.54. Related Reading LINK price discount 1.83% Looking at the daily chart, we can see that the LINK/USD…
Circle integrates Solana for enhanced Web3 services. The integration brings programmable wallets, gas stations to subsidize transaction fees, and NFTs to Solana. Solana’s increase in active addresses highlights its expanding developer appeal. Circle, the peer-to-peer payment technology company currently managing the USDC stablecoin, has announced integration with the Solana blockchain, taking a significant step toward expanding its Web3 services. This move is intended to introduce advanced features that improve user interaction and automation within the Solana ecosystem. Circle’s web3 service expands to Solana. The integration of Circle and Solana will occur in two major steps: In the initial phase, Solana…
Fox Corporation announced a significant upgrade to its verification beta by switching to a proprietary zero-knowledge (ZK) blockchain using Polygon’s (MATIC) chain development kit (CDK). According to Polygon Technology, this move makes Fox Corporation the first company to launch ZK-based Ethereum Layer 2 (L2).Time as the first external partnerIn a notable development, TIME will become the first external media company to utilize Verification Protocol for content licensing and verification. The partnership aims to build a technological and cryptographic bridge to AI platforms, opening up new commercial opportunities for publishers.Content registration and verificationThe verification protocol, developed…
According to Blur, a non-fungible token (NFT) marketplace, the price of Bored Ape Yacht Club (BAYC) has plummeted over the past 24 hours, falling below $10 Ethereum (ETH). This sharp decline has surprised the NFT community and sparked discussion and concerns about the future of BAYC and the broader NFT market. At the time of writing, Blur lists the lowest price for BAYC as 8.95 ETH. Meanwhile, OpenSea, another major NFT marketplace, shows a slightly higher floor price of 9.49 ETH. Converting current prices to USD, 1 ETH is equivalent to $3,400, and the lowest BAYC price on Blur is…
Despite a brief rise to $151 on June 16, Solana’s native SOL token has experienced a 24% correction since June 7. This underperformed the overall cryptocurrency market capitalization, which fell 14% over the same period. This means that Solana (SOL)’s problems are more pronounced than the overall market’s decline in interest in cryptocurrencies.Several indicators, including on-chain activity on the Solana network and demand for leveraged positions, indicate that SOL’s bearish momentum is likely to continue. If demand remains flat, we could see a retest of sub-$130 levels.SOL Price Could Suffer Due to ETF ShortagePart of the decline in interest in…
The cryptocurrency market has undergone significant changes, causing many analysts to caution against investing in altcoins. Historically, in bull markets, Bitcoin and Ethereum rose first, followed by altcoins. However, current events suggest a change in this pattern. Why it’s dangerous to buy altcoins now Quinn Thompson, founder of cryptocurrency hedge fund Lekker Capital, advises against investing in altcoins at this time. He pointed to several indicators of market instability, including high leverage and open interest, lack of panic buying, and stagnant stablecoin supply. He believes the market is experiencing increasing selling pressure, particularly from venture capital funds needing to raise…
The ever-growing popularity of cryptocurrencies has come under fire once again, this time due to their environmental costs. A new report from Greenpeace casts a critical eye on the energy consumption of Bitcoin mining, directly criticizing the Wall Street financiers who support the industry. Wall Street’s dirty little secret? The report argues that traditional financial institutions are deeply intertwined with the environmental impacts of Bitcoin mining. Bitcoin itself operates on a decentralized network, but the large-scale mining facilities needed to secure the currency are funded and backed by Wall Street giants. The report said that despite the popular belief that…
Famous cryptocurrency exchange OKX announced plans to upgrade its wallet data service at 22:00 (UTC) on June 19, 2024. According to OKX, this upgrade is expected to cause temporary disruption to users. Upgrade details You may experience delays in updating your dashboard asset data during the upgrade. Additionally, wallet transactions and interactions may temporarily fail. OKX assured users that these issues are normal and expected during the upgrade process. Affected services include the OKX wallet app, wallet extension, and web dashboard. The upgrade is expected to complete within 30 minutes. OKX emphasized that no further…