Bitcoin (BTC) is trying to build an uptrend above the psychological support of $70,000. This sentiment grew further after the spot Bitcoin exchange-traded fund recorded its second-highest inflows of $887 million on June 4, according to Farside Investors data.Analysts are closely watching US Consumer Price Index (CPI) data next week. After CPI data fell 0.1% on May 15, Bitcoin began a 7% rally over the next five days. Markus Thielen, head of research at 10x Research, believes that Bitcoin could hit a new all-time high if the CPI is below 3.3% year-on-year.Daily view of cryptocurrency market data. source: Coin360Matt Horne,…
Author: Crypto Flexs
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PayPal has introduced its own stablecoin, PayPal USD (PYUSD), aiming to streamline digital payments, especially within the blockchain ecosystem. PYUSD is currently accessible to eligible PayPal clients in the United States, offering a convenient avenue for direct exchange between the stablecoin and U.S. dollars within the PayPal platform. Catering to users prioritizing stability, PYUSD is pegged to the U.S. dollar and fully supported by USD deposits, short-term U.S. Treasurys, and equivalent cash assets. This robust backing ensures that PYUSD maintains parity with the U.S. dollar, even amidst fluctuations in the cryptocurrency market or unforeseen circumstances leading to potential detachment from…
join us telegram A channel to stay up to date on breaking news coverage Floki price has surged 26% in the last 24 hours. Traded for $0.0003420 As of 3:41 a.m. EST, trading volume was down 82% to $5 million. This sent FLOKI soaring to a new all-time high of $0.0003449. same corner The market surged 6%, reaching a market capitalization of $65 billion. FLOKI’s new ATH comes as DWF Labs has decided to purchase $12 million worth of Floki tokens as a means to support its growing ecosystem. DWF LABS purchases $12,000,000 in FLOKI tokens to support the FLOKI…
Many protocols in the cryptocurrency industry adopt intent-driven designs. Instead of directly submitting a transaction containing the entire methodology of “how” a task should be executed, users can express “what” their desired outcome should be.This improves the user experience through chain abstraction and market efficiency because users can simply declare their desired outcome while outsourcing the logic to achieve it to sophisticated actors. Notable examples of intent-based protocols include swap aggregators (e.g. limit orders) Cowswap and UniswapX) and cross-chain liquidity bridges.Intent-Driven DesignConnext, now rebranded as Everclear, has adopted the intention of facilitating cross-chain token exchanges. Instead of going through complex…
The overall market capitalization of the top 10 Bitcoin-based non-fungible tokens (NFTs), consisting of Ordinals and Runes, has surged to $1.03 billion, with an average daily trading volume of 225 in May 2024. It amounted to ten thousand dollars. CoinGecko. This increase highlights the growing influence within the Web3 ecosystem. Market Leaders: NodeMonkes, Bitcoin Puppets, and Runestone Leading the way are collections such as NodeMonkes with a market capitalization of $198.25 million (2,880 BTC), Bitcoin Puppets with $144.12 million (1,815 BTC), and Runestone with $87.85 million (1,124 BTC). These collections have seen significant sales volumes,…
The need to build and launch the Genesis Day ecosystem Imagine Microsoft launches Xbox and there are no games. The day the Ethereum genesis block is created, many elements of the ecosystem will be in place, including the core infrastructure, mining network, user app browsers, and applications. It is acknowledged that there will be a tremendous amount of development beyond Genesis to make Ethereum a sophisticated, decentralized consensus application platform. But on day one there will be a “launch title”. When the idea for Ethereum was originally conceived in November, the intention was to be a simple “altcoin” (actually a…
OKX has announced the launch of its new Simple Earn locked product, available to all users from May 30, 2024. According to OKX, the product currently supports major cryptocurrencies including USDT, USDC, BTC, and ETH. Simple accumulation fixed information Simple Earn Fix is a loan product that allows users to earn interest at a fixed interest rate for a fixed period of time. When a user’s loan order matches the loan demand, interest accrues per hour. Total interest is paid at the end of the period, providing cryptocurrency holders with a predictable income stream. How…
Floki Powerful 24-hour publishing PerformanceLeader in top 100 token. Memecoin has reached an all-time high. High off in the back Of this run. multiple base Development drove price pump. Cryptocurrency markets rebounded today as $80 billion in inflows in the last 24 hours boosted the total market capitalization to an eight-week high of $2.64 trillion. Memecoin Floki led the top 100 gainers, growing 30% over the past day. At the time of writing, it has hit an all-time high of $0.0003424, driven by several new fundamental developments.Floki soars to new heights.Floki grew 30% over the past day, hitting an all-time…
UNI price broke above the $10.50 resistance level and started a major rally. Uniswap is showing positive signs and could see more upside above the $12.00 resistance. UNI started a new rally above the $10.50 resistance zone. The price is trading above $11.20 and the 100-hour simple moving average. On the hourly chart of the UNI/USD pair (data source from Kraken), a breakout occurred above the main bearish trendline with resistance near $10.35. The pair may correct to the upside, but bulls may see further upside above $12.00 in the near term. UNI price gains traction again Uniswap started a…
The Pyth price feed has been launched on Aurora Cloud, improving real-time data access for dApp developers. Aurora virtual chain developers now have permissionless access to Aurora’s 500+ real-time price feeds. The integration reduces costs and improves efficiency for the Aurora Virtual Chain. Pyth Network announced the launch of its price feed on Aurora Cloud after working with the Aurora Labs team. This will enable unauthorized access to Pyth price feeds across all Aurora virtual chains in the future, marking an important milestone in the integration of real-time data and distributed applications. Aurora, the Ethereum virtual machine created by the…