Bitcoin (BTC) saw volatile liquidity on August 22, with analysts suggesting the cryptocurrency market “looks ripe for a short squeeze.” BTC/USD 1-hour chart. Source: TradingViewKey BTC Price Barriers Take ShapeAccording to data from Cointelegraph Markets Pro and TradingView, the BTC price has been volatile within a narrow range over the last 24 hours.The revised US employment data and the release of the latest Federal Reserve minutes helped spark the rally in BTC/USD yesterday.However, this was short-lived, as the price bounced back to $59,500, helping to liquidate late long positions, before rebounding again to $61,000.According to the latest figures from monitoring…
Author: Crypto Flexs
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Sun Pump, a new Mimecoin distribution platform on the Tron network, has overturned the daily activity and earnings of its Solana-based predecessor, Pump.fun.Adam, a blockchain researcher, noted in an August 21 post that Sun Pump ended the day with higher revenue and new tokens generated than comparable metrics from Pump.fun.source: AdamAdam cited Dune Analytics data showing that 7,351 tokens were issued on Sun Pump, and the platform generated $585,000 in revenue in the last 24 hours. Meanwhile, Pump.fun created only 6,701 new tokens, generating $366,000 in revenue during the same period. The recent surge of new activity comes just 12…
Abe surged 14% to $143, hitting a five-month high. Bitcoin has broken through $61,800, with prices up 4% amid renewed resilience in the cryptocurrency. Aave continued to outperform its peers, surging to its highest level in five months on August 21. Meanwhile, the Bitcoin price surged 4% in 24 hours to break $61,800. AAVE soared 14% to its highest level in five months. Decentralized finance (DeFi) protocol Aave (AAVE) was one of the biggest gainers on Wednesday after surging more than 14% to hit a high of $143. Aave’s native utility and governance token reached this level amidst a flurry…
Exchange • August 22, 2024 2:58 AM EDT Posted 1 minute earlier ~ in Updated: August 22, 2024 4:15 AM EDT Indian exchange WazirX yesterday cancelled all pending orders and returned all INR and crypto assets reserved for these trades to users’ balances.According to a brief statement on social media platform X, the exchange claimed that the move was part of its “ongoing efforts to address issues surrounding INR and cryptocurrency balances on the platform.”The beleaguered exchange halted all trading on its platform last month after experiencing a $230 million exploit on July 18. The exchange then proposed a recovery…
Ted Hisokawa 22 Aug 2024 09:31 ETFs are playing a key role in integrating traditional finance with Web3, providing regulated access to blockchain investments. Learn how ETFs are driving mainstream Web3 adoption. As blockchain technology continues to gain popularity, exchange-traded funds (ETFs) are emerging as important financial products, drawing attention from both traditional finance and the Web3 ecosystem. According to Gala News, ETFs are poised to play a key role in driving mainstream adoption of blockchain and Web3 technologies. The appeal of ETFs ETFs have become popular in traditional finance because they can provide…
Polygon’s MATIC is on the verge of breaking out of its long-term downtrend. The price action appeared to be part of a relief rally for certain altcoins. Analysts commented on the asset’s outlook. MATIC, the native token of the Polygon PoS chain, is far from its prime. While the broader cryptocurrency market is considered to be in a bull market, the asset has been stuck in a multi-month downtrend, trading at its lowest levels in two years. However, even amidst the recession, MATIC is now showing signs of a rebound and is at risk of breaking out of its prolonged…
sun pump, Tron Trex -6.03% -Based Mimecoin Generator Turns PumpFun’s 24-Hour Profits Upside Down as New Mimecoin Developers Start to Gain PopularityOn Wednesday, SunPump had about 7,531 units launched via the generator, generating a daily profit of 3.65 million TRX, or about $548,000 based on the current price of TRX. data In Dune. According to on-chain data, this is more than PumpFun’s daily revenue of 2,575 SOL, which is equivalent to approximately $367,195. On Wednesday, approximately 6,941 tokens were created on PumpFun.Released Last week, SunPump was used to create memecoins, some of which saw significant price fluctuations. For example, Sundog…
“Bitcoin’s monthly chart shows an imminent overbought pullback on the monthly stochastics. If confirmed by the end of the month, it would be a negative catalyst, suggesting that the trading range signaled the end of a cyclical uptrend from the 2022 lows,” analysts at Fairlead Strategies said in a note shared with CoinDesk on Wednesday.
Key Points Binance plans to increase its compliance staff to 700 by the end of 2024. The company’s annual compliance costs have grown to more than $200 million. Share this article With Binance’s annual compliance spend surpassing $200 million, the exchange plans to hire 1,000 employees this year, focusing on compliance roles.The company’s CEO, Richard Teng, revealed the hiring goals in an interview with Bloomberg News in New York on Wednesday. The hiring initiative comes as Binance faces increased regulatory scrutiny and ongoing oversight by U.S. agencies following a $4.3 billion settlement last year.Teng, who has worked in the financial…
Jack Anderson 22 Aug 2024 07:26 Gala Games’ highly anticipated VOX mobile title Project Cerberus has started open beta testing for version 1. Gala Games has announced the release of the Version 1 Open Beta for its highly anticipated VOX mobile title Project Cerberus. According to Gala News, the game is now available for testing on iOS and Android devices. Key features of version 1 Version 1 of Project Cerberus includes the foundational systems that provide a glimpse into the overall game experience. Some features are not yet active in this public playtest, but…