According to a recent announcement on the Worldcoin blog, World Assets Ltd., a subsidiary of the Worldcoin Foundation, plans to sell WLD tokens from the World Assets treasury to meet and support the growing demand for Orb-verified World IDs. Worldcoin network expansion. The majority of the 193 million WLD tokens currently in circulation have been claimed through user subsidies by more than 5 million individuals with Orb Verification World IDs in over 160 countries. To facilitate the WLD token sale, World Assets will conduct a private placement with selected institutional trading firms operating outside the…
Author: Crypto Flexs
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As a global reserve and invoicing currency, the U.S. dollar plays an important role in international debt, non-bank borrowing, and global trade. As the dollar rises, USD-denominated debt becomes more expensive, which creates a disincentive to take risks in financial markets. A weak dollar has the opposite effect. Therefore, over the years, Bitcoin and the broader cryptocurrency market have tended to move in the opposite direction of the DXY, just like stocks and gold.
Bitcoin price rose above the $66,000 resistance zone and began consolidation. BTC is now watching for the next move above the $67,200 resistance zone. Bitcoin is aiming for a significant rise above the $67,200 resistance zone. The price is trading above $65,500 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a connecting bullish trendline with support at $65,900. A break above the $67,200 resistance area could provide bullish momentum. Bitcoin price to watch for more gains Bitcoin price began a new rise above the $65,500 and $66,000 resistance levels. BTC…
Arthur Hayes is bullish on cryptocurrencies amid a macro setup that could present a golden opportunity. He says it’s worth looking at altcoins as well as pre-sale tokens as cryptocurrencies emerge from recent weaknesses. KANG is one of the new projects that is receiving a lot of attention ahead of the pre-sale. Arthur Hayes believes the cryptocurrency market will continue its upward trajectory, pointing to macro settings and sovereign debt bubbles. The head of the Maelstrom family office is also bullish on altcoins and new token launches, which present a “golden opportunity” after recent cryptocurrency weakness. With the market expected…
Funding • April 24, 2024 2:41 AM EDT Posted 1 minute ago In ~ U.S. spot Bitcoin exchange-traded funds recorded net inflows for the third straight day on Tuesday, hitting $31.64 million, according to SosoValue data. The Bitcoin fund’s positive streak follows five days of Bitcoin outflows. half life event.Grayscale’s GBTC recorded net outflows worth $66.88 million on Tuesday, while BlackRock’s spot Bitcoin ETF saw net inflows of $37.92 million, the highest daily net outflows among spot Bitcoin ETFs. A large one appears in SoSoValue data. Ark Invest’s fund recorded net inflows of $33.28 million, while Bitwise’s funds recorded net…
Currently, the landscape of cryptocurrency is witnessing explosive growth, with multiple virtual currencies performing well, meaning that investors are buying them. One of the cryptocurrencies that is drawing significant attention from traders and investors is Dogecoin (DOGE).Dogecoin price has shown strong momentum, having surged by 65.69% since the start of the year. Currently, the meme coin ranks among the top 10 largest cryptocurrencies by market cap, a testimony that signifies its success and popularity.This article takes a comprehensive look into Dogecoin’s price prediction by examining what experts believe lies ahead for this promising virtual digital currency. So, let’s get started…
Arthur Hayes, former CEO of cryptocurrency exchange BitMEX, introduced a bold investment philosophy he calls the “Left Curve” in a recent essay. This strategy differs significantly from the traditional investment approach commonly adopted during bull markets in the cryptocurrency world. Hayes’ essay is not only an investment manifesto, but also a critique of traditional financial wisdom, encouraging investors to maximize their returns by embracing more aggressive strategies. Crypto Bull Run Has Just Begun Hayes begins by criticizing the common investor mindset that is prevalent in bull markets, particularly the tendency to revert to conservative strategies after an initial rally. He…
In a recent announcement, Binance stated that it strongly encourages users to deposit BEP2 B-tokens into their Binance accounts before the BEP2 network is completely shut down in June 2024. By doing so, users can withdraw B-Tokens via: Native network or any other network supported by Binance. BEP2 is the token standard for Binance Chain, a blockchain developed by Binance. This allows users to create and issue their own tokens. However, as the BNB Chain team prepares for the shutdown of the BEP2 network, Binance will be phasing out deposit support for the BNB Beacon…
In an announcement on the Binance Support Center, Binance Futures stated that the BOMEUSDC perpetual contract will be launched on April 25, 2024 at 07:00 (UTC) with up to 50x leverage. Additionally, the TIAUSDC perpetual contract will be introduced at 07:15 (UTC) with the same leverage, followed by the MATICUSDC perpetual contract at 07:30 (UTC) with up to 75x leverage. The underlying assets of these contracts are the BOOK OF MEME (BOME), Celestia (TIA) and Polygon (MATIC) cryptocurrencies and are settled in USDC. The tick size for BOMEUSDC is 0.000001, for TIAUSDC is 0.0001 and…
Ethereum Spot Exchange Traded Fund (ETF) Approval odds continue to witness notable pessimism as the cryptocurrency market awaits the U.S. Securities and Exchange Commission’s (SEC) decision on the product, scheduled for May. The anticipation surrounding the SEC’s decision highlights how important ETF approval is in terms of providing more convenient access to the Ethereum spot market for existing investors. today, data According to a survey by Polymarket, the world’s largest prediction market, the probability of ETH ETF approval has fallen to just 11%. Pessimism deepens as Ethereum ETF remains uncertain As the May deadline approaches, doubt and skepticism are growing,…