Author: Crypto Flexs

Ethena Labs has pledged to publish monthly reports detailing custody and holding information to increase transparency about the USDe stablecoin. Synthetic dollar issuer Ethena Labs has announced three custodian proofs for the assets backing $2.67 billion worth of USDe tokens hedged with cryptocurrency-denominated currencies, including Bitcoin (BTC) and Ethereum (ETH). According to the DeFi startup, Ethena’s stablecoin joins Swiss companies Copper Markets AG and CH Europe Digital Solutions (CEFFU) with stablecoin reserves of $1.31 billion and $1.33 billion, respectively. Cobo Global HK Limited manages USDe’s remaining assets of $5.52 million. Ethena Labs also boasts a reserve fund of $42.3 for…

A cryptocurrency wallet linked to former president and Republican presidential candidate Donald Trump holds about $10 million worth of assets. The wallet holds $7.12 million worth of MAGA tokens, known as tickers. erase -11.94% , According to Arkham Intelligence, a blockchain data tracking company. MAGA tokens were originally purchased with Ethereum packaged on Uniswap, Arkham noted.The wallet also holds 463.441 ETH ($1.84 million) and 1 million MAGA VP (MVP) tokens, worth about $509,000.As of this morning, the wallet’s holdings surpassed $10 million and are currently worth $9.95 million.Arkham noted that most of the wallet value at X comes from appreciating…

Bitcoin and Ethereum are finding buyers higher, indicating that their respective overhead resistance levels are weakening and new all-time highs could be just around the corner.

Share this article Despite three consecutive positive weekly closes, Bitcoin (BTC) is still stuck in an accumulation zone between $60,000 and $70,000. according to To traders identified as Rekt Capital.The current accumulation phase is the typical halving period registered in the previous cycle shared by traders in The accumulation period was further consolidated as BTC failed to register a weekly close above $70,000 last week.However, after the current accumulation phase, Rekt Capital highlight The next few months are just months away from Bitcoin’s upward parabolic move. #BTC There are two steps left in the cycle. Re-accumulation phase after half-life (red)…

Once upon a time (late 20th century), search engines indexed the open, decentralized web to help you find the information you were looking for. You’ll be shown an ad or two and then taken to the source.Since then, ads have become more numerous and harder to distinguish from content, and that content has been polluted by SEO-optimized websites trying to show more ads. But now, due to the explosive spread of AI, even the meaning of the verb ‘Google’ is changing. Instead of sending you to a source of information, the tech giants now provide you with answers right away.…

Traders pushed the price of Ethereum (ETH) close to $4,000 on May 27, with the altcoin up 3.5% on the day. Ethereum’s strong performance has seen it rise from a low of $3,048 on May 20, rising 27% to reach a 10-week high of $3,964 on May 27, according to data from Cointelegraph Markets Pro and TradingView.ETH/USD daily chart. source: TradingViewEther’s performance over the past seven days has been primarily driven by market expectations that a spot Ethereum Exchange-Trade Fund (ETF) will be approved in the United States. Although ETH has performed poorly since approval, a move towards $4,000 is…

The next steps include in-depth research on the technology, business plan, and laws required to use e-HKD for transactions. The Hong Kong Monetary Authority (HKMA) has continued to test retail e-HKD, a digital version of the local currency. The authorities have already conducted experiments for six months to ensure smooth operation of virtual currency. Now they are taking the next step and testing how it works for mortgage pricing and distribution. According to a report in the South China Morning Post, the next steps will include in-depth research into the technology, business plans and laws required to use e-HKD for…

The TON blockchain achieved an incredible milestone during Notcoin’s token creation event by seamlessly onboarding 1 million users in less than 30 hours, demonstrating exceptional scalability and performance. From May 16 to May 17, 2024, TON Blockchain successfully onboarded 1 million users during the token creation event of Notcoin, the world’s fastest growing Web3 community emerging from viral blockchain-based games. This unprecedented event highlighted the TON blockchain’s ability to handle massive transaction volumes without network outages, fee spikes, or processing delays. Between 12:00 UTC on May 16, 2024, and 18:00 UTC on May 17, 2024, the TON blockchain processed 216,530…

Posted 1 minute ago In ~ Someone created a memecoin Shiba Inu ( SHIB +4.74% ) More than $1 million, according to OnChain data. Investors purchased approximately 48.1 billion SHIB on January 31, 2021, with 2-wrapped Ether (WETH) on the decentralized exchange Uniswap at a cost of approximately $2,700.The user, who had been holding SHIB for about three and a half years, sold it this morning when the price of SHIB rose to $0.000026.The SHIB sale value was $1.24 million, a 47,592% increase over the initial investment. What is a Shiba Inu?Shiba Inu is a meme coin with a market…

May 27 The ETH ETF is great news, but will many people buy it? Posted at 13:15h On Bitfinex Alpha Posted by Tammy subscribeTo Bitfinex Alpha! Want to receive Alpha from Bitfinex every week? subscribe The market remained resilient last week as Bitcoin held above the critical $62,000 level, helped by the unexpected approval of the Ether Spot ETF. Early last week, both BTC and ETH soared in anticipation of the imminent announcement, but fell immediately after the news was confirmed.While it is certainly positive for the industry as a whole that there are now additional regulatory avenues available to…