Ethereum price extended its decline and tested the $3,720 support. ETH is currently consolidating near the $3,800 level and faces many obstacles. Ethereum extended its decline and tested the $3,720 range. The price is trading below $3,820 and the 100-hour simple moving average. There is a new bearish trend line forming at resistance $3,810 on the hourly chart of ETH/USD (data feed via Kraken). A break above the support level of $3,720 could lead to the pair continuing to fall. Ethereum price maintains support Ethereum price remained in a bearish range for the short term, falling below the $3,800 support…
Author: Crypto Flexs
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The extreme market volatility that once attracted speculative investors is decreasing in the cryptocurrency ecosystem. These changes have major implications for exchanges like Coinbase (COIN) that have thrived during periods of high volatility. Despite beating its financial forecasts for the first quarter of 2024, Coinbase reported trading volume of $56 billion. This figure stands in stark contrast to the record high of $177 billion at the end of 2021. How to Navigate Declining Trading Volume on Coinbase The average volatility of digital currencies has decreased from about 79% in 2021 to 57% this year, according to a Bloomberg report citing…
Yves La Rose CEO EOS +1.97% The Network Foundation said a community proposal to limit EOS supply to 2.1 billion tokens and burn the excess has been approved.Once this proposal is implemented, nearly 80% of the total EOS supply will be depleted, primarily due to future emissions, and the fixed supply limit will be set at 2.1 billion rather than 10 billion.The EOS Network Foundation represents the EOS community and acquired control of Block.one in 2021.The Foundation previously introduced a multi-signature proposal to establish this fixed supply and obtained approval from at least 15 of the 21 EOS block producers.…
We are very excited to announce that. Aevo (AEVO), Arkham (ARKM), AltLayer (ALT), Ether.fi (ETHFI), Athena (ENA), Maple (MPL), Safe (SAFE) and Zeta Chain (ZETA) Now available on Kraken! Funding and Transactions AEVO, ARKM, ALT, ETHFI, ENA, MPL, SAFE and ZETA funding and trading are available in real time. Add these tokens to your Kraken account by going to: fundingSelect an asset and tap deposit. Deposit tokens using any network supported by Kraken. Deposits made using other networks will be lost. Do you have a Kraken account with these assets? ⤵️ AEVO, ARKM, ALT, ETHFI, ENA, MPL, SAFE and ZETA…
Rivalz Network Launches Intel Incentivized Testnet – Chainwire housenewsroomRivalz Network has launched the Intel Incentivized Testnet. We use cookies to make Chainwire’s website a better experience. Cookies help us provide you with 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 transmitting communications over electronic communications networks. Technical storage or access is necessary for the legitimate purpose of storing preferences that have not been…
now first 2 weeks Ether sales have ended, Over 50 million ETH Once sold, it plans to soon enter into a transaction to use the funds to repay the loan and begin the process of setting up a development hub and expanding its staff. We have committed to being very transparent about how we use our funds, and that is a promise we will keep. For this we have already Purpose of Use of Proceeds chart and roadmap To demonstrate how we will use BTC. We recently followed up with the community. Cool infographic from CoinTelegraph We use information we…
AI startup Atoma announced that it is integrating its AI inference network with the Sui blockchain, with the goal of providing developers with enhanced capabilities in a variety of areas including decentralized finance (DeFi) and gaming. According to the Sui blog, this integration is expected to empower builders by allowing them to leverage AI in their applications. AI integration to strengthen the Sui ecosystem Atoma’s choice to integrate with Sui stems from the blockchain’s strong scalability and performance. Generative AI has gained significant attention in recent years, but its application in consumer-facing apps is still…
A widely respected cryptocurrency analyst believes one altcoin project focused on artificial intelligence (AI) will outperform the broader market. Pseudonymous cryptocurrency trader Altcoin Sherpa tells his 216,400 followers on social media platform X that the decentralized GPU rendering blockchain Render (RNDR) has a strong market structure. “RNDR: In my opinion, RNDR is still a great place to buy and hold. I think this will be a strong one in the coming weeks. However, due to the lack of volatility, it is not a good option for active trading.” Source: Altcoin Sherpa/X Looking at the chart, traders suggest that Render is…
Bitcoin price began a recovery in the $67,000 range. BTC is currently struggling to clear the $68,800 and $69,500 resistance levels. Bitcoin held steady above $67,000 and recovered higher. The price is trading above $68,000 and the 100-hour simple moving average. On the hourly chart of the BTC/USD pair (data feed from Kraken), a breakout occurred above the main bearish trendline with resistance at $67,800. A stabilization above the $68,800 level could provide bullish momentum. Bitcoin price faces resistance Bitcoin price extended its downward correction below the $68,000 level. BTC tested the $67,000 area and recently began a recovery. The…
The U.S. spot Bitcoin exchange-traded fund (ETF) recorded net inflows for the 13th consecutive day on Thursday, hitting $48.71 million. Yesterday, major fund movements were discovered in two Bitcoin funds: Fidelity and Ark Invest and 21Shares. Fidelity’s FBTC led net inflows worth $119 million, while Ark’s ARKB recorded net outflows worth nearly $100 million. data From SoSoValue. ARKB’s outflow on Thursday marked its largest since its debut in January.BlackRock’s IBIT, the largest spot Bitcoin fund by net assets, recorded net inflows of $2 million. Grayscale’s GBTC, which recently became the second largest, has zero flow. Bitwise’s BITB added $26 million…