of Ethereum teaThe aker buy-sell ratio has remained below 1 since June 5. This means that there is more selling than buying in the futures market. Ethereum (ETH)’s Taker Buy Sell Ratio, assessed using the 7-day simple moving average (SMA), has been trending downward since June 5, according to data from CryptoQuant. Since then, the metric has returned values less than 1, according to on-chain data providers. As of this writing, ETH’s Taker Buy Sell Ratio was 0.96. Source: CryptoQuant The taker buy sell ratio of an asset measures the ratio between buy and sell volumes in the futures market.…
Author: Crypto Flexs
Read More
ZKsync has announced plans to give generous gifts to its loyal community members. According to presentation As a token of our gratitude, ZKNation will be distributing unlimited airdrops of 17.5% of the total token supply, or 3,675,000,000 tokens, starting June 17th. A significant portion of this will be airdropped at once with no vesting requirements, but the remaining 82.5% of tokens will be distributed gradually through various ecosystem developments. ZKsync is a layer 2 scaling solution built to improve transaction speeds on Ethereum while reducing congestion by leveraging zero-knowledge proof rollups. This is the first zkEVM chain on the Ethereum…
Get ready for a double dose of excitement as Bitcoin Events proudly presents two of the best events in South Africa: Crypto Fest 2024 and Blockchain Africa Conference 2024. Crypto Fest 2024: A thrilling cryptocurrency festival Be prepared to fall into the world of dynamic cryptocurrency at the 6th Crypto Fest.Advertising This year’s event, which is scheduled to be held at the famous DHL Stadium of Cape Town Green Point from October 10 to 12, 2024, promises an unparalleled experience for cryptocurrency lovers around the world. For the first time, Crypto Fest will span three action-packed days, including exciting networking…
DeFi • June 11, 2024, 10:00 AM EDT Liquid Restoration Project Mellow was launched today to restore Symbiotic protocols.Mellow will become part of the Lido Alliance, as previously discussed on Lido’s governance forum. Mellow describes itself as a “modular infrastructure for LRT creation” that provides a variety of permissionless vault smart contracts that give depositors some degree of choice when redepositing. “Mellow allows depositors to benefit from the liquidity of their staked assets while giving them more flexibility in their desired level of risk exposure. This is achieved by dynamically adjusting strategies within each vault based on real-time risk assessment…
Bitcoin fell below $67,000 at the open on Wall Street on June 11 as the market suffered a classic pre-inflation report decline.BTC/USD 4-hour chart. Source: TradingViewBTC price drop: “Are you worrying a lot about nothing?”The new local Bitcoin (BTC) price on Bitstamp hit a low of $66,696, according to data from Cointelegraph Markets Pro and TradingView. These are the worst numbers to date.Bitcoin, which had fallen for nearly 24 hours straight, failed to buck the trend for the day as risk assets braced for a deluge of U.S. macroeconomic data and comments from the Federal Reserve.Now, BTC/USD, which is down…
PancakeSwap recently introduced gasless trading through integration with Zyfi in the zkSync Era, improving user experience.After integration, decentralized exchange (DEX) users will be able to benefit from gas-free trading for specific token pairs with transaction fees sponsored by PancakeSwap, zkSync or other decentralized finance (DeFi) protocols.Gasless transactions will make DeFi more accessible to mainstream users and potentially strengthen adoption. Chef Brownie, Head of Marketing at PancakeSwap, told Cointelegraph:“Gasless trading removes a major hurdle for new DeFi users and simplifies the trading process. “By allowing gas payments with a variety of ERC-20 tokens, we make transactions more seamless and accessible, increasing…
Ethereum price failed to clear resistance at $3,720. ETH has fallen again and is now at risk of further losses below the $3,550 support area. Ethereum began a new downtrend at the $3,720 resistance zone. The price is trading below $3,650 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a major bearish trendline forming with resistance near $3,680. If the price closes below the $3,550 support, the pair could extend its losses. Ethereum price falls again Ethereum price attempted a significant rise above the $3,650 resistance zone. ETH surged above $3,700, but…
In a major advancement in cybersecurity, Cisco has announced the latest version of its secure workload solution that integrates NVIDIA’s BlueField-3 data processing unit (DPU). According to the NVIDIA Technology Blog, the goal of this collaboration is to improve workload security and operational efficiency to combat increasingly sophisticated cyberattacks. Cisco Secure Workload Key Features Cisco Secure Workload is designed to protect application workloads across diverse infrastructures. Provides unprecedented visibility into workload interactions and leverages AI to automate complex tasks. Key features include: Micro-segmentation: Minimize the attack surface by isolating workloads and limiting lateral movement…
Iggy Azalea’s recently launched Mother Iggy (MOTHER) token has soared after its surprising utility announcement.Mother memecoin holders will be able to purchase mobile phones and monthly cell phone subscription plans after Azalea relaunched her existing telco.Azalea announced the relaunch in an X post on June 9.“Tomorrow, I will finally relaunch the telecommunications company I co-founded, and you will be able to purchase mobile phones and monthly plans using Mother or Sol.”Following the announcement, the MOTHER token rose more than 30% in the 24 hours to 10:08 a.m. UTC, trading at $0.1958, according to CoinMarketCap data.MOTHER/USD, 1-day chart. Source: CoinMarketCapAzalea added…
On-chain data shows that Litecoin faces a potentially massive amount of resistance, making a recovery in LTC price even more difficult. Litecoin has a massive supply wall waiting at the level just in front of it. As X user Trader Kamikaze pointed out using data from market intelligence platform IntoTheBlock, many LTC investors have been buying at upcoming levels. Related Reading Below is an IntoTheBlock chart showing the distribution of LTC addresses based on the last price the coin was purchased on the network. Data on current cost base distribution for LTC blockchain | Source: @trader_kamikaze by X Here, the…