BNB (BNB) price is trending lower again after a six-day rally that saw it hit a new record of $725 on June 6. Afterwards, BNB fell to an intraday low of $635. At the time of this writing, the price was hovering around $643, down 5% in the past 24 hours, according to data from CoinMarketCap.BNB/USD daily chart. source: TradingViewBNB’s performance has been strong over the past month. The layer 1 token surged 10% in the last 30 days and 25% in June alone, reaching $725 on June 6. This is the highest since November 2021. The recent rally has…
Author: Crypto Flexs
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Crypto heavyweights Arthur Hayes and Raoul Pal have revealed their top altcoin picks, setting the stage for the upcoming bull market. Their insights highlight key stories and promising projects within the cryptocurrency market. Arthur Hayes, Raoul Pal Share Best Altcoin Recommendations Real Vision CEO Raoul Pal continues to invest heavily in the Solana ecosystem. He highlighted the potential of the Ethereum/Bitcoin crossover, suggesting a breakthrough here could signal the start of altcoin season. “I would be interested if the ETH/BTC crossover starts to rise higher and bounces right off the bottom of the range because that is the start of…
index The DeFi space is abuzz with the launch of QuickPerps: Falkor, the latest cutting-edge perpetual exchange in the Polygon DeFi family. Almost immediately after launch on May 23, users from the Polygon ecosystem and beyond flocked to Falkor, bringing significant capital with them. Thanks to QuickSwap’s on-chain data analytics tool, we have numbers that prove that the hype around QuickPerps: Falkor is not just a social trend. Within the first week of launch, Falkor gained over 5,100 new users and generated nearly $14 million in transaction volume. Falkor’s remarkable performance not only represents the platform’s cutting-edge features and growing…
Billionaire Mark Cuban has highlighted the role of cryptocurrencies in the presidential race, particularly in US President Joe Biden’s loyalty to Securities and Exchange Commission Chairman Gary Gensler.Cuban doubted whether Biden or former President Donald Trump understands cryptocurrency, despite raising money selling NFTs. However, Cuba said cryptocurrency voting will be the main difference between the two in the upcoming presidential election in November 2024.“I have said many times that Biden will have to choose between Gensler or the cryptocurrency voters,” Cuban said Saturday on social media platform “Don’t take anything for granted.”When The Block requested additional comments from Cuba, he…
The realized price of Bitcoin Short-Term Holders (STH) is rising, indicating that BTC’s upward trend “will continue,” with the price surpassing $70,000 on June 10. When the price of Bitcoin (BTC) rose from approximately $68,000 to $70,232 over the past 7 days, the realized price for short-term holders (the average acquisition price of coins that have moved in the past 155 days and are held outside of foreign exchange reserves) has risen by 1.5. . % over the same period, according to James Van Straten, senior analyst at Cryptoslate.This group mainly consists of people who bought BTC before and after…
World’s first EVM-compatible L2 for Solana, scheduled for release in 2024, Solana VM raises over $1,000,000 in $SVM presale – Chainwire housenewsroomWorld’s first EVM-compatible L2 for Solana, scheduled for release in 2024, Solana VM raises over $1,000,000 in $SVM presale We use cookies to make Chainwire’s website a better experience. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of…
the argument is over Ethereum (ETH) gas fees have been an important topic in the cryptocurrency industry for quite some time. Joining the fray is Uniswap protocol founder and CEO Hayden Adams. He proposed a future where Ethereum users no longer need to worry about gas fees. Hayden Adams announces abolition of Ethereum gas fees Over the weekend, Hayden Adams, founder of Uniswap, one of the largest decentralized exchanges (DEXs), visited the X (formerly Twitter) platform. share His thoughts on Ethereum’s gas fees. According to the founders, the term gas fees should never be heard by any user, emphasizing that…
Computex Taipa, Asia’s largest technology event, recently showcased groundbreaking innovations from leading industry players such as AMD, Intel and Nvidia. As a key participant, Stability AI announced breakthroughs in AI technology at this prestigious event. Key announcements from industry leaders This year’s Computex Taipa saw several notable product launches. AMD has launched new laptop processors specifically designed for generative AI workloads. Intel has unveiled a variety of new PC, data center, and AI chips. Nvidia has made headlines with its next-generation “Rubin” chip, along with a suite of AI technologies that aim to create lifelike…
Ethereum holdings on exchanges are at the lowest level in eight years, setting the stage for a surge in prices. Current bearish indicators suggest there may be room for further declines before a rebound. The amount of Ethereum (ETH) held on exchanges has reached its lowest level in eight years. With the launch of the spot ETF imminent, we could see a huge supply shock, which could lead to a dramatic rise in the price of Ethereum. But let’s check what the data is telling us. Source: Glassnode Will the Ethereum ETF cause a stir? If spot ETFs get the…
Gibraltar, Gibraltar, 10 June 2024, Chainwire Hydration, Polkadot’s leading DeFi project, is pleased to announce that it has received 2 million DOT tokens (equivalent to $14.4 million) from the Polkadot Treasury. The funds have been earmarked to strengthen the liquidity and trading efficiency of Omnipool, Hydration’s one-way liquidity provision platform. There are two allocations of DOT tokens: 1 million DOT will be spent over a year to attract new liquidity to the Polkadot ecosystem, with initial rewards to liquidity providers (LPs) exceeding 200% APY. Thanks to Hydration Omnopool’s single-sided LP design, users begin receiving rewards after contributing a single asset…