Despite choppy price action, unrealized profits for Bitcoin (BTC) investors remain constructive. However, according to Glassnode Insights, as the balance between demand and sell-side forces becomes more established, volume on all market sides is declining noticeably.Market profitability remains robustSideways price movements tend to reflect investor boredom and apathy, which appears to be the dominant reaction across all Bitcoin markets. BTC price is consolidating within a firm trading range. Investors are generally well-positioned, with over 87% of circulating supply retained at profit and cost basis below spot prices.Using the MVRV indicator, the average coin holds unrealized…
Author: Crypto Flexs
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Bitcoin (BTC) has failed to regain $65,000 since the Wall Street open on June 18, as analysts predict further declines in the BTC price.BTC/USD 1-hour chart. Source: TradingViewThe moving average was broken as BTC price fell below $65,000.Data from Cointelegraph Markets Pro and TradingView shows that BTC/USD is struggling to maintain support near key trend lines.Bitcoin (BTC) fell another 3% on the day, continuing its downward trend that has now resulted in losses of up to $7,900 since it began on June 9.With various levels of support currently in the spotlight, market participants are beginning to warn that many of…
June 18th Bitfinex was the first to list LayerZero’s native token, ZRO. Posted at 14:24h From media materials Leah Rodriguez LORD TOWN, British Virgin Islands – June 18, 2024 – Bitfinex (https://www.bitfinex.com/), a leading digital asset trading platform, today announced that it will be one of the first exchanges to list its native token, ZRO. Announced. LayerZero’s. LayerZero is a leading cross-chain protocol that facilitates the seamless interaction of decentralized applications across multiple blockchains. LayerZero works to improve blockchain interoperability, allowing developers to create more diverse and efficient applications. With the introduction of the ZRO token, LayerZero aims to further…
Uniswap has generated more than double the fees compared to other decentralized exchanges (DEXs) in the past 30 days, according to the latest data from Token Terminal. With nearly $100 million in fees last month, Uniswap DAO ranks highest among the top 20 DEXes. According to on-chain data, Uniswap DAO registered more during this period than the next four decentralized exchanges combined. Uniswap beats DEX with 30-day fees. As of June 18, Uniswap DAO accounted for more creation fees than PancakeSwap, Aerodrome, Uniswap Labs, and GMX combined. PancakeSwap and Aerodrome are both expected to top $20 million in June, while…
Cardano (ADA) founder Charles Hoskinson Recently, a cryptocurrency project was revealed that almost put Ethereum (ETH) to shame. childhood. This revelation follows Hoskinson’s comments about what he feared most during his time as Ethereum’s CEO: Cryptocurrency project that almost put Ethereum to shame to interview with Altcoin Daily, Hoskinson mentioned NXT as a cryptocurrency project that could replace Ethereum while it is still in its early stages. He claimed that NXT scared him the most among other cryptocurrencies when he was Ethereum CEO from 2013 to 2014. He also explained that he was scared because the cryptocurrency project appeared out…
Chinese court documents show that a 44-year-old suspect named Chen helped launder at least 250 million yuan ($34.4 million) through the personal bank accounts of former executives. Chinese authorities have uncovered a complex cryptocurrency fraud scheme that stole funds from local banks. National Business Daily, a Chinese financial news outlet, reported that former executives of Bank of Huludao, a northeastern Chinese bank, were involved. According to the report, a huge amount of funds, amounting to 1.8 billion yuan, or approximately $248 million, was withdrawn from the bank. Court documents show the 44-year-old suspect, named Chen, helped launder at least 250…
Eigen Labs acquires Rio Network and integrates LRT technology into EigenLayer for improved staking utility. Rio Network’s LRT technology is open sourced to standardize liquid re-staking across blockchains. EigenLayer increases the efficiency of decentralized finance by facilitating multi-chain asset security. Eigen Labs, behind the EigenLayer protocol, is expanding its capabilities with the acquisition of Rio Network and its innovative Liquid Restake Token (LRT) technology. Accelerating Open Innovation: Eigen Labs Rio Network Eigen Labs is pleased to announce the following acquisitions: @RioRestake We’ve assembled a team to accelerate our mission to create an open, verifiable cloud. The Rio team has over…
Cryptocurrency analyst Egrag Crypto It provided insight into the future trajectory of XRP, predicting that the cryptocurrency token could rise to triple digits. His prediction comes amid the recent surge. XRP trading volumeThis also provides a bullish case for cryptocurrency tokens. XRP will reach $200 at some point. Egrag (formerly Twitter) proposed as post that XRP could reach $200 At some point it is based on the following triangle integration: He said that from now on he will talk about what beginners should do. Price of XRP It is stuck at around $50 (instead of the current price of around…
Bitcoin (BTC) price continued to adjust on June 18, falling 1.41% and 6.5% over the past 24 hours and 7 days, respectively. Bitcoin (BTC) fell to a one-month low of $64,237 after losing key support provided at the psychological $65,000 level, according to data from Cointelegraph Markets Pro and TradingView. BTC/USD daily chart. source: TradingViewLikewise, the overall market capitalization fell 2% in the last 24 hours, remaining at $2.33 trillion at the time of publication. The 60% increase in total trading volume demonstrates the strength of the sell side of the cryptocurrency market.Bitcoin fell below $65,000, causing massive liquidations across…
Stablecoins • June 18, 2024, 3:01 PM EDT Posted 1 minute ago In ~ Episode 36 of The Scoop Season 6 was recorded as follows: The Block’s Frank Chaparro and Ryze Labs Founder and Managing Partner Matthew Graham.Listen below and subscribe to The Scoop on YouTube. apologize, spotify, google podcast, stitcher, Or listen to podcasts wherever you are. Please send feedback and correction requests to (email protected).Matthew Graham is the founder and managing partner of Ryze Labs, a cryptocurrency VC firm formerly known as Sino Global. In this episode, Chaparro and Graham discuss the state of the stablecoin market and…