Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently shown signs that a potential rebound is imminent. Analysts have been closely monitoring various technical indicators and one such analyst, Ali, said: highlighted This is a key signal that a price surge is imminent. Related Reading TD Sequential Signals are purchased with Ethereum Eyes Recovery. According to Ali’s analysis of social media platform TD Sequential gives a buy signal. #Ethereum Daily chart! that $ETH You can see 1 to 4 candlesticks rebounding. pic.twitter.com/Vg7FTl9X2a — Ali (@ali_charts) May 15, 2024 This positive outlook is supported by Ethereum’s recent performance, with the…
Author: Crypto Flexs
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In a significant move for cryptocurrency traders, Binance Futures announced the launch of a new funding rate arbitrage bot. The bot, intended to facilitate more efficient trading, will be available on the Binance website and the app will be launched in June.Special promotions with USDT prize poolTo celebrate the launch of the bot, Binance Futures is running a special promotion. Eligible users can participate in a 50,000 USDT prize pool. The promotion period is from 2024-05-15 11:30:00 (UTC) to 2024-05-29 11:30:00 (UTC).There are two promotional offers going on: In Promotion A, eligible users who set…
Subsquid is preparing to launch its own token, SQD, on May 17 in response to growing demand for its cryptocurrency indexing services. The token aims to enhance the functionality and reach of Subsquid’s decentralized indexing solution across a variety of blockchains. SQD’s role in improving blockchain accessibility Starting with Polkadot, Subsquid has expanded to Ethereum and recently launched Solana beta. Venture capitalists have invested more than $17 million in the project, and several cryptocurrency exchanges may soon list the SQD token. This will be deployed on the Ethereum mainnet and then connected to Arbitrum One. SQD aims to strengthen Subsquid’s…
Singapore, Singapore, May 15, 2024, ChainwireA major event for Cosmos is the recent passage of Governance Proposal No. 917. This is after Dora Factory and DoraHacks requested a $1 million grant from the Cosmos Hub Community Treasury. This grant will support 10 rounds of Quadratic Funding within the Cosmos Hub ecosystem over the next two years.As one of the largest ever financial funding applications, this proposal sparked extensive discussion within the Cosmos community and received overwhelming support. Over $1 billion ATOM voted in favor, including major validators and core Cosmos contributors. The approval rate reached 91.9%, making government proposal No.…
Posted 1 minute ago In ~ Hedge Fund Millennium Management has poured nearly $2 billion into Bitcoin ETFs as of its first fiscal quarter. Millennium Management held $1.94 billion worth of spot Bitcoin ETF shares as of March 31, including ARK 21Shares Bitcoin ETF (ARKB), Bitwise Bitcoin ETF (BITB), Grayscale Bitcoin Trust (GBTC), and iShares Bitcoin Trust. (IBIT) and Fidelity Wise Origin Bitcoin ETF (FBTC). But the fair market value of those stocks represents just 3% of the hedge fund’s $64 billion in assets under management, according to its quarterly 13Fs. filing With U.S. securities regulators.Founded and run by Wall…
The story of cryptocurrency investors turning a few dollars into millions is not new, but one particular PEPE investor took it one step further. This cryptocurrency trader was able to turn a $3,000 investment into $46.3 million in just one year. Here’s how they did it: $3,000 in PEPE turns into $46.3 million. Lookonchain, an on-chain data tracking platform, revealed in a post by X (formerly Twitter) exactly how the cryptocurrency trader turned a $3,000 investment into tens of millions of dollars. According to the tracker, a trader purchased $3,000 worth of PEPE tokens on April 15, 2023, when the…
Singapore, Singapore, May 15, 2024, Chainwire A major event for Cosmos is the recent passage of Governance Proposal No. 917. This is after Dora Factory and DoraHacks requested a $1 million grant from the Cosmos Hub Community Treasury. This grant will support 10 rounds of Quadratic Funding within the Cosmos Hub ecosystem over the next two years. As one of the largest ever financial funding applications, this proposal sparked extensive discussion within the Cosmos community and received overwhelming support. Over $1 billion ATOM voted in favor, including major validators and core Cosmos contributors. The approval rate reached 91.9%, making government…
Building on the success of the Lens protocol, Lens Lab, under Avara, announced Lens Network, a blockchain-based network that aims to transform the future of social media interactions. Developed on the ZK Stack leveraging Ethereum’s zkSync technology, the Lens network is poised to address and overcome the prevalent scalability challenges facing blockchain technology. It aims to match the user experience of existing social networks while retaining the unique features of web3, such as user ownership and secure transactions.According to the announcement, the primary goal of the Lens network is to enable widespread adoption of web3 social features by providing a…
Bitwise Investments, the largest cryptocurrency index fund manager in the United States, has released a comprehensive guide answering frequently asked questions about the mechanics of Bitcoin ETFs. Teddy Fusaro, the company’s president, took the lead in addressing these common investor questions.Introduction to BitwiseBitwise Asset Management has emerged as a leading name in the cryptocurrency investment landscape. The company works with thousands of financial advisors, family offices, and institutional investors to help them understand and access cryptocurrency opportunities. With a six-year track record, Bitwise offers a broad suite of indices and active solutions across ETFs, separately…
Bitwise Investments, the largest cryptocurrency index fund manager in the United States, has released a comprehensive guide answering frequently asked questions about the mechanics of Bitcoin ETFs. Teddy Fusaro, the company’s president, took the lead in addressing these common investor questions.Introduction to BitwiseBitwise Asset Management has emerged as a leading name in the cryptocurrency investment landscape. The company works with thousands of financial advisors, family offices, and institutional investors to help them understand and access cryptocurrency opportunities. With a six-year track record, Bitwise offers a broad suite of indices and active solutions across ETFs, separately…