Hong Kong, Hong Kong, May 31, 2024, ChainwireLBank, a leading global cryptocurrency trading platform, proudly sponsored and actively participated in CoinDesk’s Consensus 2024 for the third consecutive year together with LBank Labs. Recognized as one of the world’s largest and longest-running cryptocurrency festivals, the event celebrates a decade of bringing together industry leaders, developers, policymakers, and enthusiasts to explore and shape the future of the decentralized digital economy.As a premier sponsor, LBank demonstrated leadership and innovation in the cryptocurrency space and hosted several dynamic events and networking opportunities throughout the conference.Consensus 2024 will be held from May 29 to 31,…
Author: Crypto Flexs
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Bitcoin (BTC) has surged more than 60% as of May 2024 compared to the beginning of the year, thanks to capital inflows into newly introduced exchange-traded funds (ETFs) in the United States and expectations of an interest rate cut by the Federal Reserve. According to a mix of on-chain, fundamental and technical indicators, the benchmark cryptocurrency could witness further gains in June, potentially reaching $75,000 by the end of the month. Let us discuss these indicators in detail.Bitcoin is getting closer to breaking the symmetrical triangle.From a technical perspective, Bitcoin’s ability to reach $75,000 stems from the typical symmetrical triangle…
The current value of Bitcoin is $68,402, boasting a market capitalization of $1.34 trillion and a 24-hour trading volume of $23.93 billion. Throughout the previous day, BTC price maintained a tightly connected triangle pattern. Bitcoin The Bitcoin (BTC) daily chart shows the market transitioning from a significant uptrend to a consolidation phase. later (…)
Innopolis Tech, a fintech company run by the former Russian Minister of Communications, plans to build Russia’s largest Bitcoin mining center worth about $100 million. The Republic of Tatarstan is preparing to build Russia’s largest Bitcoin mining infrastructure, worth an investment of about $100 million, according to local news reports quoting Tatarstan Deputy Prime Minister Roman Shaykhutdinov. Speaking at a cryptocurrency forum in Kazan, Sheikhutdinov said the project would be carried out by Innopolis Tech, a fintech company controlled by Nikolai Nikiforov, Russia’s former communications and media minister. said. Although specific details about the construction schedule and investor list have…
Donald Trump-themed meme coin TRUMP plummeted on Thursday. After the former president was found guilty Falsifying business records. After the ruling, the token fell by 35%. Meanwhile, Jo Boden, a meme coin inspired by President Joe Biden, soared 20%. But TRUMP soon recovered, rising nearly 50% to under $17, according to CoinGecko data. This figure is much higher than before the ruling. The current price of TRUMP is $14.39, up more than 11% in the last 24 hours. On Polymarket, a blockchain-based prediction market, traders continued to bet on Trump defeating Biden in the November election. Even after the ruling,…
The largest cluster of open interest for Ethereum options is currently the $5,000 call expiring at the end of June, indicating a bullish outlook with traders taking positions using call spreads between $4,000 and $5,000 to hedge against a potential price rise. analysts said.“An examination of derivatives data shows that the highest open interest on Ethereum currently is the June $5,000 call option,” Rachel Lin, co-founder of SynFutures, told The Block.This observation is supported by data from the Deribit derivatives exchange. The largest concentration of Ether options open interest is the call option with a strike price of $5,000.Bullish call…
Caitlyn Jenner’s cryptocurrency involvement continues to attract attention. The celebrity is known to have made huge profits through multiple token launches. In the meantime, $Jenner launched a new blockchain. It has been reported that American journalist Caitlyn Jenner has recently reaped great results from her cryptocurrency exploration. A day after revealing how American-born Nigerian singer Davido poured millions of dollars into his new token, earning $474,400 in profits just hours after launching it, Lookonchain has released another revelation . The on-chain analytics firm detailed how Jenner “purchased the memecoins he launched and sold them for a profit.” 12 Memecoins launched…
Victoria, Seychelles, May 31, 2024, Chainwire Bitget, a leading cryptocurrency exchange and Web3 company, participated in MEMECON, one of the five major events of NFC 2024. MEMECON was held May 28-30 at Pavilhão Carlos Lopes in Lisbon. The event will bring together enthusiasts and experts with a specific focus on meme coins and meme NFTs, providing a comprehensive experience including a conference, expo, stage presentations, and hackathon. MEMECON Lisbon is the world’s first meme-themed conference, attracting over 5,000 attendees. The event featured keynote speeches, panel discussions, and interactive exhibits on the topic. The conference also received support from other influential…
World Assets Ltd., a subsidiary of the Worldcoin Foundation, announced the extension of lending agreements with five trading companies, which will result in 10 million Worldcoin (WLD) tokens being distributed by June 14, 2025, according to Worldcoin.Loan contract extensionThe loan agreement, originally scheduled to expire on June 14, 2024, was concluded on December 16, 2023 and involved five trading entities operating outside the United States. Under these agreements, each company received a loan totaling 10 million WLD tokens. The extension keeps all other terms unchanged, meaning the company must return the entire loan amount by…
On May 31, 69,000 Bitcoin options worth $4.7 billion and 920,000 Ethereum options worth $3.5 billion will expire. The expiration of cryptocurrency options contracts has historically been associated with price volatility in the cryptocurrency markets.Source: GreecesLiveAccording to Derbit data, the put/call ratio for expired Bitcoin (BTC) options is 0.61. This means that there are more calls (or long contracts) expiring than puts (or sales). On the other hand, the put/call ratio for Ethereum (ETH) options was 0.46.Put/Call Ratio (PCR) is a technical indicator that reflects traders’ market sentiment. A PCR below 0.7 is considered a strong bullish sentiment, while a…