A widely respected cryptocurrency analyst and trader believes that Bitcoin (BTC) is primed for a major rebound. Analyst known by the pseudonym Credible Crypto says The 393,300 followers on social media platform X said Bitcoin could recover to the $68,000 level within a few days. “Not much has changed here, but now I have a lot of substitutions hitting my down target/bounce zone and things are starting to line up. I would not rule out another plunge in local demand and would expect the relief/reversal in the upward trend we have been looking for. Let’s go and catch it.” Source:…
Author: Crypto Flexs
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J. Christopher Giancarlo, former Chairman of the Commodity Futures Trading Commission, will join Paxos’ Board of Directors. According to a press release from Paxos, the former CFTC chairman will join the board of directors of the stablecoin issuer. The company hired Giancarlo to work with other directors, including former U.S. Senator Bill Bradley. “Chris brings unparalleled expertise and understanding of complex market dynamics to Paxos. (…) His insights will help us expand our position as a leader in regulated digital asset market structures and stablecoin innovation. It will be helpful.” Charles Cascarilla, CEO and Co-Founder of Paxos Giancarlo served as…
According to a May 14 report from blockchain security platform CertiK, the Alex protocol bridge on the BNB smart chain network suffered $4.3 million in suspicious withdrawals shortly after its contracts were suddenly upgraded.Alex is a Bitcoin layer-2 protocol. According to its official website, it provides decentralized finance applications for Bitcoin. Bridges are used to transfer assets from other networks, such as BNB Smart Chain and Ethereum, to their own network.Blockchain data confirms that the Alex distributor account has made five identical upgrades to the “bridge endpoint” contract on the BNB smart chain since 3:56 PM UTC. Approximately $4.3 million…
In addition to accumulating established cryptocurrencies such as Ethereum (ETH), Solana (SOL), and XRP, cryptocurrency whales are also known to hunt newer coins such as RCO Finance (RCOF). In addition to accumulating existing cryptocurrencies such as Ethereum (ETH), Solana (SOL), and XRP, altcoin whales are known to seek out new coins such as: RCO Finance (RCOF). An example is the Friend.tech whale, which recently accumulated over 55,000 newly minted FRIEND tokens. Offload after token airdrop launch. Let’s learn about recent whale activity and explore the potential of RCOF in a dynamic environment. Crypto Whales: Ethereum (ETH), Solana (SOL), and XRP…
Binance Introduces New USDⓈ-M Contract for Futures Copy TradingBinance, a giant cryptocurrency exchange, announced the addition of a new USDⓈ-M contract to its futures copy trading platform. The new contract was introduced on 14 May 2024 at 08:00 (UTC).What is Binance Futures Copy Trading?Binance Futures Copy Trading is a unique platform that allows users to copy the portfolios of experienced traders in real time. Once the user decides on the investment amount, the system automatically replicates the trade from the selected lead trader’s portfolio. This innovative feature gives novice traders the opportunity to become familiar…
If we do the research, you can get alpha!Get exclusive reports and key insights on airdrops, NFTs, and more! Subscribe to Alpha Reports now and enjoy the game!Go to Alpha ReportTraders who were lucky enough to buy into the latest meme stock craze early are reaping huge profits. Unusual Whales, which tracks transaction data, Posted Twitter featured the activities of a trader who invested $27,000 in call contracts on April 24 when the option price was $0.21 per pop. The contract amount later reached a record high of $13.63. This means a 6,400% return on investment, turning $27,000 into $2…
The number of ADA whales holding between 100 and 1 billion coins has increased in the last month. However, the price of ADA is still suffering due to bearish sentiment. Whale activity in Cardano (ADA) has seen a significant resurgence in the past month. Into the Block. Information from on-chain data providers shows that the number of ADA whales holding between 100 million and 1 billion ADA coins has increased by 29% over the past 30 days. Source: IntoTheBlock However, due to the overall market decline last month, ADA’s surge in whale activity has not had an impact on prices.…
Cryptocurrency investment product I saw According to CoinShares, inflows totaled $130 million in the week ending May 6, reversing five consecutive weeks of outflows. Institutional investors have increased their exposure to digital assets, with a total of $130 million flowing into cryptocurrency investment products last week, according to CoinShares’ “Digital Asset Fund Flows Weekly” report released on May 13.Once again, the lion’s share of the movement was attributed to Bitcoin (BTC) investment funds, which received inflows of $144 million.Capital flow in cryptocurrency investment products. Source: CoinSharesAccording to the report, weekly trading volume in investment products fell from an average of…
Abu Dhabi, Abu Dhabi, May 14, 2024, Chainwire Liminal Custody, a leading provider of digital asset management and wallet infrastructure solutions, today announced a milestone achievement: the acquisition of its Financial Services Permit (FSP) from the Abu Dhabi Global Markets (ADGM) Financial Services Regulatory Authority (FSRA). This prestigious license is a significant milestone in Liminal’s journey and solidifies its commitment to compliance and innovation within the rapidly growing digital asset space. Achieving FSP positions Liminal as a trusted partner for institutions seeking secure and compliant solutions to protect their valuable digital assets. Notably, this license gives Liminal the ability to…
Earn seamlessly on all eligible cryptocurrencies! Rewards are a new feature that helps support the cryptocurrency ecosystem by encouraging users to spend more time using their cryptocurrency while also helping verify transactions. Get rewarded for your assets held in spot balances without them being locked up or subject to bonding periods. You can access your assets at any time to trade, withdraw, or use them as margin collateral (if available in your region). Gone are the days of manually clicking through portfolios to earn returns on individual assets. Rewards automates the entire process. It couldn’t be simpler to join the…