Whenever Bitcoin (BTC)’s price action shows a significant correction, analysts and traders are quick to look for the reason, often in the derivatives market where bears are expected to take advantage of futures contract liquidation levels or take advantage of weekly BTC options expiration. Point your finger at . Such talk has been on the wane thanks to Bitcoin’s recent range-bound price movements, but now that there are calls for a trend reversal again, let’s take a look at how the whales are positioned using the Bitcoin derivatives market.Will the expiration of $1.35 billion BTC options on May 10 bring…
Author: Crypto Flexs
Read More
Ethereum (ETH) price has established a solid support level near $2,972, which could soon lead to a bullish bounce towards all-time highs. Amid the cryptocurrency correction, Ethereum (ETH), the second largest digital asset with a fully diluted value of approximately $360 billion, has hit prices below $3,000 several times over the past five weeks. On a daily basis, the price of ETH against the US dollar is forming a descending triangle with a solid base around $2,972. A breakout on either side would lead to massive price movements as the trading instrument approaches the edge of consolidation. According to veteran…
index DeFi giant Retik Finance (RETIK) has finally hit the exchanges after an incredible pre-sale campaign that ended in Q1 2024. RETIK is scheduled to begin trading on multiple exchanges, including Uniswap, on May 21, 2024 at 12:00 PM (UTC). This highly anticipated launch sent shockwaves through the cryptocurrency community, with experts predicting RETIK’s value to skyrocket by as much as 500% within the first 12 hours of trading. The rapid rise of Retik Finance (RETIK) can be attributed to its incredibly successful pre-sale, which raised an impressive amount of $32,050,000 in USDT. This significant funding not only solidifies investor…
mid-April, Uniswap UNI +0.37% laboratory Increased interface swap fee from 0.15% to 0.25%. Fees apply to most, if not all, swaps executed using the Uniswap web interface and wallet.Using the Uniswap Labs interface is not the only way to use Uniswap. Traders can exchange using aggregators, alternative UIs, or by switching directly through smart contracts. When the fee was first introduced in October 2023, Uniswap founder Hayden Adams said the fee would allow his team to “continue researching, developing, building, launching, improving and scaling cryptocurrencies and DeFi.” The fee change comes shortly after Uniswap disclosed that it had received a…
Starting your journey toward cryptocurrency ownership requires not only strategic investment decisions, but also a firm commitment to protecting your digital assets. As cyber threats grow, the importance of offline storage methods cannot be overemphasized.Cold storage and hardware wallets are two secure ways to store cryptocurrencies that provide long-term defense against cyberattacks.Paper wallet (a way to store your cryptocurrency safely offline):Paper wallets are a simple and secure way to keep your cryptocurrency offline. Since it is not connected to the internet, hackers cannot access it, providing additional security. However, keep in mind that this storage method is not as secure…
join us telegram A channel to stay up to date on breaking news coverage Thousands of companies are striving to capitalize on emerging and fast-growing markets in today’s rapidly changing global economy. These markets, characterized by rapid adoption and innovation, offer attractive business opportunities. They aim to grow and profit from digital assets amid changing regulations. As the cryptocurrency industry matures and globalizes, companies of all sizes are actively entering this promising market. They aim to diversify their products, gain market share, and drive innovation in decentralized finance (DeFi) and blockchain technology. Reflecting this trend, chain analysis, a prominent blockchain…
Share this article Ripple and XRPL Labs have joined forces with the Algorand Foundation and Swirlds Labs to become founding members of the Decentralized Recovery (DeRec) Alliance. As a founding member, DeRec will serve on the Technical Oversight Committee for two years and contribute to governance and policy development, DeRec said in a blog announcement today. We are pleased to announce this @ripple and @XRPLAbs I signed up @swirldslabs and @Algo Foundation As a founding member of the Decentralized Recovery Alliance, I have served for two years on the Technical Oversight Committee, providing input on governance and core Alliance policies.…
Ethereum Layer-2 (L2) Optimism has called for Layer-3 (L3) blockchains to join the superchain by building an OP Stack and sharing sequencer revenue with the Optimism Collective.Superchain is a decentralized blockchain platform composed of many chains that share a security and technology stack (OP stack). It already boasts several successful L2 networks such as OP Mainnet and Base.L3 Network joining the Superchain will have access to retroactive funding, airdrops, growth campaigns, and an extensive network of fellow developers.It added:“These chains are part of the superchain, but they deviate from the standard configuration of the OP stack. This will impact how…
$20 million worth of Ethereum bridging value was suddenly restored to the wallet of ZKasino, a blockchain-based gaming business. This is a surprising turn of events. This comes after consumers complained that the platform’s founders were responsible for a fraudulent termination scheme. Investors have expressed optimism that the initiative will soon get the funding it initially promised. The returned funds, totaling 6,021 wstETH, raised optimistic expectations. Exit Scam Allegation: ZKasino debuted on April 20 and offered airdrops in its native token, ZKAS, to anyone who linked ETH to the platform. This incident is called ‘departure…
Filecoin, a decentralized storage network designed to store humanity’s most important information, is set to undergo a significant transformation with the introduction of Curio, an innovative alternative to the existing Lotus-Miner software used by storage providers. This groundbreaking development promises to streamline operations, improve efficiency, and open new opportunities for participants within the Filecoin ecosystem. A team of experienced engineers and blockchain enthusiasts developed Curio to address the challenges and limitations associated with the existing Lotus-Miner software, which serves as the backbone of Filecoin’s storage infrastructure. Curio leverages cutting-edge technology and an innovative approach to provide storage providers with a…