Glassnode launches 28 new indicatorsGlassnode, an on-chain market intelligence provider, has launched a suite of 28 new metrics aimed at providing a more detailed view of digital asset markets, according to a recent blog post. These indicators are expected to be game-changing for traders by providing detailed insights that can be translated into potential buy and sell signals.Identify local market floorsOne important application of these new metrics is identifying seller fatigue across different age groups within short-term holders. New analytical indicators allow traders to more accurately pinpoint significant unrealized losses and moments of surrender. This…
Author: Crypto Flexs
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After the introduction of ordinal numbers, BRC-20 tokens, and most recently Rune, Bitcoin’s next significant wave of innovation will revolve around decentralized autonomous organizations (DAOs). Aisling Connolly, senior research fellow at the Dfinity Foundation, argued: He now believes that the technology is suitable to support DAOs and is more mature (…)
Majuro, Marshall Islands, May 22, 2024, Chainwire PrimeXBT, a leading cryptocurrency broker, has completely revamped its brand, website and all-in-one platform as part of its vision to “democratize financial markets” and “make investing accessible to everyone.” PrimeXBT’s new look and feel adds to the broker’s offerings, including lower fees across 100+ CFD markets, increased leverage on cryptocurrency CFDs, and new fiat payment options aimed at giving traders more for less. It debuts with equally substantial upgrades to its offerings. This is in addition to providing traders with the ability to purchase popular cryptocurrencies such as BTC, ETH, USDT, and USDC.…
If we do the research, you can get alpha!Get exclusive reports and key insights on airdrops, NFTs, and more! Subscribe to Alpha Reports now and enjoy the game!Go to Alpha ReportOf course, expectations for the Ethereum ETF have been in the spotlight since Monday, but the Bitcoin ETF, which is already trading, has been boosted by the excitement.According to Coinglass, $306 million worth of funds were deposited into Bitcoin ETFs yesterday. This is the largest single-day inflow of funds among the fund categories since the beginning of this month.The distribution across Bitcoin ETFs wasn’t exactly even yesterday.BlackRock’s iShares Bitcoin Trust…
Amid renewed optimism about the approval of a potential spot Ether exchange-traded fund, Ether call options are more expensive than put options on all expirations, indicating bullish market sentiment, one analyst said.Deribit CEO Luuk Strijers said: “Put minus call skew is a very bullish sign, being negative across all maturity periods and increasing further after the end-June expiration. Basis is also up about 14% on a year-to-date basis, which is another bullish indicator. “He said. An email was sent to The Block. Our analysis shows that traders are willing to pay more for call options than put options, especially those…
deBridge has released its governance token. Tokens will be distributed to various groups. Token holders can participate in various initiatives. Cross-chain protocol deBridge announced its governance token DBR on Tuesday. 20% of total supply has been allocated to Genesis community airdrops and other launch-related activities.Founded in April 2021 after winning the Chainlink Global Hackathon, deBridge is branded as a high-performance security enabler that enables decentralized transfer of value and arbitrary messages between blockchains. The protocol claimed to have facilitated the transfer of over $2.3 billion across DeFi since its launch.deBridge’s governance token DBROn May 21, deBridge began the process of…
Altcoin season may already be upon us. However, to increase your earning potential, you should start investing in the following areas: bigut coin, promises to be the coin of the future. Here’s how you can grow $200 into $200,000 with Bitgert, with a good understanding of the market to make reasonable profits and how the cryptocurrency market is known to be choppy. The altcoin market is not a Ponzi scheme, but you can become a millionaire with just a few months of investment. However, this also carries the risk of losing all your capital (or at least a large amount)…
Uniswap Labs, the leading developer of the Ethereum decentralized trading platform, argued that the U.S. Securities and Exchange Commission’s (SEC) potential enforcement action lacks merit. According to the New York-based startup, cryptocurrency tokens should not be classified as securities. Instead, it is a PDF-like file. Why Cryptocurrency Tokens Are Not Securities Uniswap Labs on Tuesday disputed claims that it was operating an unregistered exchange and broker-dealer. The response follows a notice sent to Wells by the SEC’s Enforcement Division last month, indicating plans to recommend legal action against the company. Marvin Ammori, Chief Legal Officer of Uniswap Labs, highlighted the…
Naver Pay and Chiliz enter into strategic partnership Naver Pay, a Korean digital payment service, announced a strategic partnership with Chiliz, a leading sports and entertainment blockchain company. According to Medium’s official announcement, this collaboration aims to expand Naver Pay’s global services through Web3 innovation. With 33 million registered users and 18 million daily active users, Naver Pay covers a significant portion of the Korean population. Fintech platforms provide businesses with powerful solutions to streamline payments and increase customer engagement through rewards. The collaboration with Chiliz will leverage the Chiliz Chain’s fan token ecosystem to…
Bitcoin (BTC) struggled to support $69,000 on May 22 after analysts pulled back from local highs.BTC/USD 4-hour chart. Source: TradingViewBollinger warns of falling BTC priceData from Cointelegraph Markets Pro and TradingView showed BTC price action weakening, providing two tests of 2021’s all-time highs.Still above $69,000 at the time of this writing, this level has formed a critical line for some.“Support at $69,000 needs to be maintained to have any chance of validating the R/S flip from the previous ATH,” trading resource Material Indicators wrote in part of its latest report on X.Important indicators point to a possible resistance/support reversal at…