Author: Crypto Flexs

BounceBit mainnet launch We are excited to announce the official launch of the BounceBit mainnet, marking a significant milestone since its initial launch in late January 2024. With the successful Water Margin TVL event, BounceBit has seen tremendous growth, boasting approximately $1 billion in total value locked (TVL). ) and nearly 400,000 early contributors. Impressive growth since initial launch Since the launch of BounceBit’s premium yield generation feature, thousands of staked BTC have been continuously monetized through funding rate arbitrage. Our testnet phase was also a huge success, showcasing the BounceClub ecosystem and highlighting the…

Digital asset manager CoinShares said institutions resumed investing in cryptocurrency products last week after a five-week break. In its latest Digital Asset Fund Flows report, CoinShares found that digital asset investment products brought in inflows of $130 million last week after four weeks of outflows. “Digital asset investment products saw inflows totaling $130 million for the first time in five weeks. However, exchange-traded product (ETP) volume continued to decline, hitting $8 billion per week compared to an average of $17 billion in April. These trading volumes highlight that ETP investors are currently less engaged in the cryptocurrency ecosystem, accounting for…

Tim Draper led a $3.5 million seed funding round for Bitcoin lending startup Zest Protocol. This move is a significant milestone in making decentralized finance (DeFi) accessible on the Bitcoin network, with notable contributions from industry giants like Binance Labs. $3.5 million invested in Bitcoin lending venture Built on the Stacks blockchain, the Zest Protocol aims to revolutionize Bitcoin lending. It seeks to allow BTC holders to utilize their assets in an on-chain lending market without the need for intermediaries. The startup is taking advantage of the upcoming upgrades to Stacks Nakamoto and sBTC. Tycho Onnasch, founder of Zest Protocol,…

Bitcoin (BTC) is up 2% over the past 24 hours, recovering after two days of struggling to break the $61,500 resistance level. The current uptrend could hold the price level above $62,500, meaning Bitcoin could still experience positive price action regardless of US spot Bitcoin ETF flows, which saw net outflows of $100 million in four days. It shows.US spot Bitcoin ETF daily flow is $1 million. Source: Farside InvestorsSentiment toward cryptocurrencies improved following China’s announcement that it would issue $138 million in long-term bonds to boost its economy. This was expected after the announcement in March, but it reaffirms…

join us telegram A channel to stay up to date on breaking news coverage WIF On ETH price has surged 43,887% in the last 24 hours. Traded for $0.002913 7:10 AM EST and is ranked #2 on Dextools.io. WIF for ETH price trading within rising channel WIF price shows a fight between bulls and bears trying to control it, resulting in a rising channel pattern. This pattern suggests strong buying pressure. WIFUSD analysis. Source: Dextools.io Despite the recent bearish correction, bulls are poised to push the price higher, pushing it above the all-time $0.003508 level. This indicates a bullish trend…

Explaining Phishing and Phishing-as-a-Service (PhaaS) Phishing is a widespread hack that aims to trick people into revealing personal information, such as credit card numbers, passwords, and personal identities. In 2022 alone, 300,497 phishing cases were reported to the Federal Bureau of Investigation (FBI). These attacks cost victims more than $52 million. Typically, fake emails that look real are sent to trick recipients into opening harmful links or requesting sensitive information. Phishing-as-a-Service (PhaaS) is an incredible development in the world of cybercrime. A subscription-based web service called PhaaS makes it easy for even non-technical criminals to launch complex phishing attacks. These…

DOJ also argued in court filings that FinCEN’s guidance on cryptocurrency mixers did not address the concept of “control,” a position taken issue in the senators’ letter. In a filing last month, the DOJ said anything that facilitates the transfer of funds would meet the legal definition of a “cash transmitter,” which likens a wallet to a USB cable that transmits data or a frying pan that transmits heat.

The return of “Roaring Kitty” sent several so-called meme stocks higher in the U.S. markets this morning.Keith Gill’s @TheRoaringKitty account on social media platform X has been dormant since June 2021 until Sunday night. The account posted an image. A man holding a controller and moving to sit forward on a chair, This is a meme often used by video gamers. That post alone was enough to send GameStop’s stock price surging more than 100% on Monday morning, with trading halted several times due to volatility. Gill and the subreddit/WallStreetBets were at the center of the 2021 meme stock craze…

Investors still have time to mine Notcoin before the airdrop. Toncoin continues to benefit from Notcoin as its value soars. Notcoin (NOT) has been creating buzz in the cryptocurrency community as investors wait patiently for the much-awaited airdrop date to be confirmed. In the meantime, quite a few exchanges have announced listings of new tokens and mining opportunities. The Open Network (TON), the blockchain on which NOT will be issued, also attracted attention. Notcoin will be arriving soon. AMBCrypto reported How did Notcoin become a topic of discussion a few days ago? The viral Telegram-based game came into the limelight…

Dogecoin extended losses and traded below the $0.1420 support zone against the US dollar. DOGE is currently recovering but faces a major hurdle at $0.1450. DOGE price tested the $0.1360 support and began a recovery. The price is trading below the $0.1450 level and the 100 simple moving average (4-hours). On the 4-hours chart of the DOGE/USD pair, there is a major bearish trendline forming at the resistance $0.1430 (data source from Kraken). The price should stabilize above $0.1450 to move into positive territory and start a new surge. Dogecoin Price Expands Losses After closing below $0.150, Dogecoin price extended…