Peter Zhang 16 Aug 2024 18:29 BitMEX launched BANANAUSDT perpetual swaps, allowing traders to leverage up to 10x. Trading began on August 16, 2024. BitMEX officially announces the listing of BANANAUSDT perpetual swaps, giving traders the opportunity to leverage up to 10x. According to the BitMEX blog, trading for this new derivative product opened on August 16, 2024 at 04:00 UTC. BANANAUSDT Listing Details BANANAUSDT Perpetual Swap is designed to meet the growing demand for a variety of trading options within the cryptocurrency markets. Traders can now participate in this new listing with leverage…
Author: Crypto Flexs
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A widely known cryptocurrency strategist and trader believes that a low-cost layer-1 altcoin project could be gearing up for a massive rally. Anonymous analyst The Crypto Dog told his 810,000 followers on social media platform X that Saga (SAGA) could break out of a downtrend line on the 3-day chart. “Old SAGA. Looks like it’s ready to start its first uptrend.” Source: The Crypto Dog/X Blockchain project Saga aims to enable developers to launch interoperable application-specific chains called “Chainlets”. At the time of writing, Saga is trading at $1.45, down 10% over the last 24 hours. The analyst then suggested…
This column was co-written by Frank Chaparro, Special Projects Director at The Block, and Laura Vidiella of MNNC Group. The views expressed in this column are their own and do not necessarily reflect those of their employers.If you’re anything like me, you’ll probably look back on the fun times of DeFi Summer 2020 with sweet nostalgia.Our industry was still in its infancy and was not hit by the FTX crash and the broader credit crisis that followed.It was an era of experimentation. Tokens were popping up left and right, “degens” were generating revenue, and developers were tweaking new token economic…
Join us telegram Stay up to date with the latest news coverage by subscribing to our channels. Jinnan the cat price jumped in As investors sold off the meme coin, it rose more than 6% over the past 24 hours to trade at $0.000004698 as of 7:20 AM ET. The recent losses have brought GINNAN’s price down more than 39% on a weekly basis. Ginna The Cat price tries to break out of the downtrend channel GINNAN/USD 4-hour chart (Source: Gecko Terminal) that Jinnan the Cat The price has entered a period of sideways trading as the meme coin attempts…
Lawrence Jengar 16 Aug 2024 16:40 Binance Futures introduces three promotions offering a 30,000 USDC prize pool that provides loss protection for new traders and rewards for trading volume. Binance Futures has unveiled three new promotions aimed at rewarding its user community, with a total prize pool of 30,000 USDC in token vouchers. According to Binance, the promotions will run from August 16, 2024 to August 25, 2024.Promotion DetailsNew Binance Futures users who register and make their first futures trade during the promotion period will be eligible for loss protection if they reach a…
The Zcash (ZEC) price continued from where it left off last week, reaching a new yearly high on Monday before pulling back recently. On the said date, the privacy coin reached $45.45. This price is not only the highest ZEC has been this year, but also the highest it has been since March 2023. Zcash Plans to Switch to Proof-of-Stake, Wants to Reduce Circulating Supply Zcash (ZEC) has surged nearly 45% over the past 30 days, making it one of the best performing altcoins in early August. On July 15, ZEC was trading at $28.54, but has experienced significant growth…
Bitcoin (BTC) had a disappointing start to Wall Street trading on August 16. The price of BTC was range bound, while the price of gold hit new highs.BTC/USD 1-hour chart. Source: TradingViewAnalyst: BTC Price Rally Is Weak “Says”According to data from Cointelegraph Markets Pro and TradingView, BTC/USD is fluctuating between the two ends of its intraday trading range of $1,500.Bitcoin avoided retesting its previous day’s low of $56,000, but it failed to impress market analysts.“The fact that BTC won’t go up despite the good news may say more than people think,” Filbfilb, co-founder of the DecenTrader trading suite, told X.Filbfilb…
A new report from leading blockchain analytics firm Chainalysis finds that while illicit cryptocurrency activity has declined since the start of the year, inflows into legitimate services are at their highest levels since the last surge in 2021.The company’s 2024 Cryptocurrency Crime Midterm Report states that “the total amount of illicit activity has decreased by 19.6% year-to-date, from $20.9 billion to $16.7 billion.”The report found that in addition to the decline in illicit activity, inflows into legitimate services are at their highest since the peak of the previous crypto bull market in 2021, when Bitcoin hit a previous high of…
Tron’s network activity hit $435 million, surpassing Ethereum’s $364 million. Network revenue is expected to reach $2 billion by 2024. Tron (TRX) network adoption has grown exponentially over the past three months. Despite the high volatility of the cryptocurrency markets, network addresses, revenue, and activity have skyrocketed. The increase in Tron adoption comes from the growing preference for stablecoins on the network. Over the past 90 days, the Tron network has even surpassed Ethereum (ETH). Tron Surpasses Ethereum in Revenue Looking at the Token Terminal on AMBCrypto, the network hit a record $435 million in fees, while Ethereum lagged behind…
Darius Baru 16 Aug 2024 13:26 Robinhood Markets, Inc. (NASDAQ: HOOD) reported its July 2024 operating data, highlighting growth in fund clients, assets under custody, and trading volume. According to GlobeNewswire, Robinhood Markets, Inc. (NASDAQ: HOOD) has released its July 2024 operating results, showing notable growth in several key areas. Funding Clients and Assets in Custody At the end of July 2024, Robinhood reported 24.2 million funded customers, up approximately 70,000 from June 2024 and over 1 million from the previous year. Assets under custody (AUC) reached $144.5 billion, up 3% from June 2024…