BitMEX founder Arthur Hayes predicts that new decentralized finance (DeFi) altcoin projects will stage a massive rally once the broader cryptocurrency market resumes its upward trend. Hayes is predict Ethena (ENA), the governance token launched by Ethena Labs for the project’s DeFi protocol, could soar more than 817% from its current value. Hayes is one of the investors in the project, along with investment giant Franklin Templeton, digital asset manager Galaxy Digital and Binance Labs. “Congratulations to Ethena Labs on their successful Token Generation Event (TGE). If this is what ENA is worth when the market pukes, imagine how much…
Author: Crypto Flexs
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The price of XRP, the native token used for cross-border payments on RippleNet, has remained below the coveted $1 level for months. This comes despite a broad cryptocurrency rally that began about six months ago. Some analysts predict a rapid surge to close the gap, while others remain cautious due to ongoing legal disputes and volatile markets. Currently, XRP is hovering around $0.59, a significant distance from the $1 price that many investors were expecting. The token has experienced significant volatility in recent months, fluctuating between $0.50 and $0.65. There was a glimmer of hope in March when it rose…
Binance supports network upgrades and hard forks of BNB Beacon Chain and BNB Smart Chain. Maintenance is scheduled for April 15th and 18th, and deposits and withdrawals will be temporarily suspended. Binance, a trusted platform for digital asset trading, has confirmed its commitment to supporting the network upgrade and hard fork of BNB Beacon Chain (BEP2) and BNB Smart Chain (BEP20), ensuring the best user experience. The goal is to improve the functionality and stability of these chains. To facilitate wallet maintenance required for upgrades, Binance will temporarily suspend deposits and withdrawals for BNB Beacon Chain (BEP2) and BNB Smart…
Urgent All Miners: Your network is under attack. The attack is a computational DDoS. Miners and nodes have to spend a very long time processing some blocks. This is due to the EXTCODESIZE opcode, which requires the node to read state information from disk, although the gas price is significantly lower. The attack transaction calls this opcode approximately 50,000 times per block. This results in significant network slowdowns but no consensus failures or memory overloads. We have now identified several pathways for more sustainable medium-term fixes, and developers are working to implement them. Consider switching to parity mining. Use the…
BNB price is attempting a new rise in the $545 range. A break above the $585 and $590 resistance levels could see the price gain bullish momentum. BNB price started a new rise after finding support near $545. The price is currently trading above $560 and the 100 simple moving average (4-hours). On the 4-hours chart of the BNB/USD pair, there is a major contraction triangle with resistance forming near $585 (data source from Binance). A break above the $590 resistance area could trigger a new rally. BNB price surges eye-fresh BNB price was revised downward from $620 and then…
Flow to this week’s U.S. integrated spot bitcoin BTC -0.25% Exchange traded funds (ETFs) turned positive on Wednesday, surpassing the net outflows witnessed on Monday.Net inflows worth $113.5 million on Wednesday, following $40.3 million added on Tuesday, were enough to surpass the $87.5 million net outflows registered on Monday, according to CoinGlass data.Fidelity’s FBTC spot Bitcoin ETF led yesterday’s inflows, adding $116.7 million, while BlackRock’s usually dominant IBIT fund came in second with $42 million. Bitwise’s BITB product came in third with $23 million in inflows Wednesday, with the remaining ETFs adding less than $4 million each. Total net inflows…
Fantom founder Andre Cronje has expressed concerns about the sustainability of the USDe stablecoin, sparking fears of a Terra-like collapse. As the cryptocurrency industry continues to evolve, the specter of past failures looms larger for new projects. The latest in a series of concerns comes from Andre Cronje, the man behind blockchain platform Fantom. Cronje raised a red flag regarding the sustainability of Ethena Labs’ new USDe stablecoin, pointing out similarities with the infamous Terra (LUNA) collapse. Cronje’s main focus is on funding rates in perpetual futures contracts, a mechanism that can reflect market sentiment regarding the stability and sustainability…
BNB price is attempting a new rise in the $545 range. A break above the $585 and $590 resistance levels could see the price gain bullish momentum. BNB price started a new rise after finding support near $545. The price is currently trading above $560 and the 100 simple moving average (4-hours). On the 4-hours chart of the BNB/USD pair, there is a major contraction triangle with resistance forming near $585 (data source from Binance). A break above the $590 resistance area could trigger a new rally. BNB price surges eye-fresh BNB price was revised downward from $620 and then…
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The following is an excerpt from the latest edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be the first to get these insights and other on-chain Bitcoin market analysis delivered to your inbox, Subscribe now. With Bitcoin’s next halving scheduled for this month, miners are using their record profits to adapt their business models to the disruptive opportunity.Halving is almost here. As the entire Bitcoin world waits with bated breath for mining rewards to be halved, the potential for new revenue streams has left many wondering how the Bitcoin space will react to new market conditions. Past…