Data shows that Ethereum Open Interest has been trading at relatively low levels recently. Here’s what this means for asset prices: Ethereum Open Interest Is Moving Sideways After a Plunge As explained by the analyst in the CryptoQuant Quicktake post, ETH open interest has been following a similar trajectory to the cryptocurrency price recently. Here, “open interest” refers to the total number of derivatives-related contracts open for Ethereum across all exchanges. If the value of this metric goes up, it means that investors are currently opening new positions on the platform. Typically, this trend can lead to increased aggregate leverage…
Author: Crypto Flexs
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Altcoin prices fell significantly amid criticism over the Bitcoin halving, but that is now a thing of the past. Shiba Inu is on the verge of making tremendous progress in just four days of half life. All eyes are on SHIB as it continues to push the 50-day exponential moving average (EMA). If SHIB can move the resistance level of the $0.00003 USD threshold, the puppy meme coin will herald a new era not only for itself but for the entire meme coin market. The importance of 50 EMA cannot be underestimated. This is because a successful breakout can indicate…
Tigran Gambaryan’s detention continues as court postpones hearingBinance executive Tigran Gambaryan remains detained at Nigeria’s Kuje Correctional Center after his bail appeal was postponed again. The Federal High Court in Abuja, which was originally scheduled to hear the bail application on April 18, rescheduled it for April 22. Local news agency Nairametrics reported the situation.Details of court proceedingsDuring the trial, the Economic and Financial Crimes Commission (EFCC) suggested that it needed more time to respond to new points raised in a supplementary affidavit submitted by Gambarian’s lawyers on April 16. Senior Attorney E. Iheanacho emphasized the importance of a thorough…
In court documents filed late Monday, Ripple Labs filed a rebuttal to pressure from the Securities and Exchange Commission to force the company to pay nearly $2 billion in fines. This comes after the SEC said last month that Ripple would have to pay nearly $2 billion in fines for selling XRP to institutional investors. But Ripple said in its appeal that the figure should be closer to $10 million. “Our opposition to the SEC’s request for a $2 billion fine for existing institutional sales is now public,” said Stuart Alderoty, Ripple’s chief legal officer. post On Monday “If there…
Public interest in Polkadot has increased over the past few days along with the token price. Market indicators looked bullish for the token. With the market showing high volatility over the past few days, Polkadot (DOT) Investors may be preparing for a bull market. This seemed to be the case when the token price was approaching a key resistance level, which if broken could allow DOT to reach new highs. Polkadot is preparing for a rally. FLASH, a well-known cryptocurrency analyst, recently posted the following: Twitter We highlight exciting developments regarding Polkadot. According to the tweet, the price of DOT…
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Willemstad, Curaçao, April 22, 2024, Chainwire BC.GAME® is pleased to announce the acquisition of a new gaming license in Curacao that fully complies with the National Ordinance on Games of Chance (LOK) regulatory framework. This achievement reaffirms BC.GAME’s unwavering commitment to providing a safe and legally compliant gambling environment for its global user base. Jack Dorsey, CEO of BC.GAME, said: “We are extremely grateful for Curacao’s strong regulatory framework, which has played a pivotal role in the gambling industry. Obtaining this license is an important milestone in the continued development of BC.GAME and our efforts to provide a trustworthy and…
Shiba Inu has secured $12 million in a funding round through a private token sale of its upcoming TREAT token to power its development of an anonymous, privacy-focused Layer-3 (L3) blockchain network.According to the April 22nd post Investors participating in the funding round from Lucie’s X (formerly Twitter), Head of Marketing at Shib.io, include Polygon Ventures, Mechanism Capital, Big Brain VC, Shima Capital, Animoca Brands, and DWF Ventures.Lucy said:“Layer 3 introduces enhanced privacy features that are not available in Layer 2 networks. This gives users more privacy options and security measures when interacting with the ecosystem.”This move reflects Shiba Inu’s…
Dubai, United Arab Emirates, April 22, 2024, Chainwire ◾ The Web3 sector is experiencing significant growth with promising startups emerging at a rapid pace. De.Fi Accelerator is increasingly becoming an essential platform to support these ventures in navigating the complex and dynamic landscape of cryptocurrencies. De.Fi, the leading Web3 super app for asset management built by security audit experts, has announced a new token launch platform called De.Fi Accelerator, scheduled to launch on April 29th. Designed for a new cycle of web3 product launches, the De.Fi Accelerator is used by IDOs and provides access to Web3 projects before they are…
join us telegram A channel to stay up to date on breaking news coverage Post-halving events are driving the introduction of new tokens and ICOs (initial coin offerings). With the number of new cryptocurrency launches, listings, and pre-sales increasing, investors are actively seeking out various opportunities in the market. Often newly listed meme token Pre-sales that demonstrate relevant use cases tend to increase adoption. Insidebitcoins has compiled a variety of coins such as Book of Meow, Bonkcon, and Grimace that have captured the market’s attention. Through a thorough analysis, we examine token economics, use cases, partnerships, and other important features…