Bitcoin (BTC) was trading above $70,000 on May 21 after relentless bidding sent the BTC price soaring.BTC/USD 1-hour chart. Source: TradingViewBitcoin Buys Fuel March Above $69,000According to data from Cointelegraph Markets Pro and TradingView, BTC/USD is attempting to maintain its latest reclaiming ground around key psychological levels.Bitcoin surprised the previous daily close, with repeated buying liquidity pushing the market higher to nearly $72,000.Source: Trusted CryptocurrenciesIn doing so, the largest cryptocurrency outperformed short sellers, with $85 million in BTC shorts wiped out in just 24 hours as of this writing, according to data from monitoring resource CoinGlass.Cryptocurrency liquidation (screenshot) Source: CoinglassCommenting,…
Author: Crypto Flexs
Gala Games confirmed an attack on GALA tokens. The company said the attack was “contained.” CEO Eric Schiermeyer hinted at what permitted the attack. Web3 gaming company Gala Games said on Tuesday that a security incident that led to the unauthorized issuance of billions of GALA tokens has been “contained.” On May 20, GALA plummeted nearly 15% due to concerns about possible abuse. Etherscan data shows that someone minted and transferred 5 billion GALA, worth about $212 million, during the incident. Gala Games’ response Hours later, on May 21, Gala Games released its first update acknowledging the exploit. “The security…
join us telegram A channel to stay up to date on breaking news coverage meme coin It has been prominent in the cryptocurrency sector since the beginning of this year. Early investors reaped significant profits from this surge. Although meme coins have experienced relative stability recently, the prices of these tokens have risen exponentially since the Bitcoin halving. Taking this into account, market participants look for new meme coins to add to their portfolios. However, pinpointing profitable meme tokens is a difficult task. This analysis curates such a list, including market viability and potential. Best Meme Coins to Invest Today…
join us telegram A channel to stay up to date on breaking news coverage Floki has been around since the last bull market. Analysts believe it has the potential to become one of the biggest meme coins, as its ecosystem expands beyond just memes. Additionally, another project with similar features is expected to be launched soon to replicate Floki’s success and potentially reach a market capitalization in the billions and billions of dollars. FLOKI Price Analysis Floki is continuing its hot streak, rising 33.71% in the past month and 4.70% last week. After a solid day with an 8% gain,…
Ethereum Foundation researcher Dankrad Feist revealed Monday that he has become an advisor to EigenLayer under the same terms as fellow Ethereum researcher Justin Drake at X. Disclosed his advisory role On sunday.Neither Feist nor Drake specified the exact timeline of their advisory roles at EigenLayer.“I do not represent the Ethereum Foundation, but I take this position personally, with a focus on risk and diversification.” Feist wrote From his X post. “I therefore fully expect to have opposing views on Eigenlayer.”Feist added that he would receive a “significant amount” of Eigen tokens from the position, but that would not influence…
A 23-year-old man has been arrested in New York and charged with owning, operating and profiting from a $100 million dark web drug market after authorities claimed to have tracked cryptocurrency transfers that revealed his real identity.Rui-Siang Lin, known online as “Pharoah,” was arrested at New York’s John F. Kennedy Airport on May 18 and appeared in federal court on Monday, May 20, the U.S. Attorney’s Office in Manhattan said in a statement. It was revealed through .”Lin Louisiang is believed to have operated ‘Secret Market’, one of the largest online drug sales platforms, for nearly four years, conducting illegal…
According to sources, the SEC has asked applicants for a spot Ethereum ETF to update their 19-b4 filings, which has increased optimism about potential approval. Bloomberg ETF analyst Eric Balchunas said May 20 that the SEC could reverse its expected stance and choose not to reject pending applications. He cited ETF Store President Nate Geraci, who argued that the SEC could approve the 19-b4 exchange listing rule while delaying a decision on the S-1 registration statement. James Seyffart added that he and Balchunas have heard from several sources and that some new filings are expected to come out in the…
BitMEX Lists LayerZero’s ZRO Token with 2x LeverageBitMEX, a prominent cryptocurrency exchange, has listed LayerZero’s upcoming token, ZRO, for trading. According to an announcement on the BitMEX blog on May 21, 2024, this new addition to the platform can now be used with up to 2x leverage.Trading of ZRO tokens according to the ZROUSDTZ24 listing officially began on May 21, 2024 at 04:00 UTC. Traders and investors interested in learning more about this new offering can view the full specifications of this futures listing on BitMEX’s official platform.LayerZero’s ZRO tokenLayerZero is a fast-growing name in…
A cryptocurrency strategist says he is bullish on one Ethereum (ETH) rival, which has surged 43% in the past week. Alien trader Altcoin Sherpa told his 216,300 followers on social media platform X that Fantom (FTM) could see more upside in the coming months. “I think FTM will be around $1 before the pullback occurs and will go much higher in the next six months. There’s an interesting upgrade/pivot coming here, and I’m in the bag. “It looks strong in the short term,” he said. Source: Altcoin Sherpa/X As of this writing, FTM is worth $0.856. Looking at the underlying…
As expectations for the ETH ETF rise, the price of Ethereum rises by more than 20%. ETH has overcome many obstacles and even broke the $3,500 resistance zone. Ethereum started a new surge and cleared the $3,500 resistance area. The price is trading above $3,600 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a short-term ascending channel with support at $3,640. Unless the price closes below the $3,400 support, the pair may continue to rise. Ethereum price begins a new uptrend Ethereum price formed a base and rebounded above the $3,200 resistance…