Author: Crypto Flexs

Funding • May 10, 2024 3:47 AM EDT Posted 1 minute ago In ~ Hong Kong’s Spot Bitcoin exchange-traded fund experienced its second daily net outflow on Thursday since its launch on April 30, with approximately 90.16 BTC leaving the ETF.According to data from SosoValue, China Asset Management’s spot Bitcoin ETF saw 80.16 BTC leave the product yesterday, while the Bosera HashKey Bitcoin ETF recorded an outflow of 10 BTC. Harvest’s spot Bitcoin ETF recorded zero flows.The three ETFs’ daily net outflows follow net inflows of 101.6 BTC on Wednesday and 99.99 BTC on Tuesday. The fund recorded its first…

Cryptocurrency, once a niche interest, has now become a significant player in the global financial landscape. Its meteoric rise in popularity has brought both excitement and confusion to investors and traders alike. Navigating the volatile waters of crypto markets requires more than just a keen eye; it demands a deep understanding of price action and market dynamics. In this comprehensive guide, we’ll delve into the intricacies of crypto charts, exploring how to interpret them effectively and derive valuable insights. Understanding Cryptocurrency Price Charts Cryptocurrency price charts are the lifeblood of the crypto trading world. They offer valuable insights into market…

SUI token is struggling to recover from its lowest price. SUI fell below the $1 support line. The Sui Network recently celebrated its one-year anniversary. SUI, the native token of the Sui ecosystem, has had an impressive start to the year, doubling its starting value and hitting new highs. However, the situation changed on May 12, 2024, when the token suffered a sharp decline and reached bottom, after which small recovery gains were expected.However, optimism about a rebound for SUI was cut short as prospects were further diminished and the token is currently hitting new lows.SUI plummets to $0.9According to…

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Deutsche Bank analysts have warned of stablecoin risks due to Tether’s lack of transparency. A post by Tether refuting Deutsche Bank’s study revealing stablecoin solvency risks appeared first on Crypto Briefing.

Of course, the results of these efforts will have no legal weight in Russia and will not end Putin’s presidency per se. But the referendum could theoretically provide publicity for efforts to oust Putin. And it gives Russians a way to voice their criticism in a country where the consequences of opposition could be significant. Opposition leader Alexei Navalny recently died while imprisoned in an Arctic penal colony.

Retik Finance (RETIK) has emerged as a strong contender in the decentralized finance (DeFi) space, captivating the cryptocurrency community with its ambitious vision and innovative solutions. Following a very successful pre-sale where RETIK raised an impressive $32,050,000 in less than 75 days, the project is preparing for an official launch on May 21, 2024. Eagerly anticipating the opportunity to engage with exciting investors, RETIK’s imminent launch has achieved significant results. Buzz within the cryptocurrency space. Understanding Retik Finance (RETIK) Retik Finance (RETIK) is a decentralized financial platform built on blockchain technology. It aims to revolutionize the traditional banking system by…

Centralized lender BlockFi announced that eligible BlockFi customers will be able to access cryptocurrency withdrawals through Coinbase after the company shuts down its web platform.This collaboration with Coinbase ensures the continuity of cryptocurrency withdrawals for those holding BlockFi accounts after the end of the initial withdrawal period for eligible asset funds on the platform.“BlockFi is pleased to announce that it has hired Coinbase as its distribution partner to ensure continuity of cryptocurrency withdrawals for eligible BIAs (BlockFi Interest Accounts), retail lenders, and individual customers,” the company said.It added that the BlockFi web platform will be shut down this month.The company…

Ripple joins Swirlds Labs and Algorand Foundation as a founding member of the DeRec Alliance. The partnership aims to simplify the implementation and recovery of digital assets. The Distributed Recovery (DeRec) protocol created within the project allows users to restore their personal information even if they lose their smartphone or other device for two-factor authentication. Hedera co-founder Dr. Leemon Baird said the DeRec Alliance was initially developed as an open source project to develop methodologies and industry standards for convenient, secure, and decentralized asset recovery for any wallet. “We encourage all blockchains and all industries to work together to create…

A bearish symmetrical triangle is a chart pattern used in technical analysis that suggests the continuation of a general downtrend. It forms when the price of an asset consolidates between converging trend lines of support and resistance, narrowing the price range and reducing volatility. This pattern is characterized by a series of lower highs and higher lows, indicating that neither buyers nor sellers are able to push prices decisively, but that there is an overall bearish bias in the context of the previous downtrend.formationtrend line convergence: A pattern is formed by drawing a downward trend line connecting a series of…