Ethereum futures open interest shows that the coin will recover to all-time highs in the medium term. Key indicators also confirmed the rise in bullish sentiment in the coin spot market. Leading coin Ethereum (ETH) could see another significant rally in the medium term, anonymous CryptoQuant analyst ShayanBTC noted in a new report. report. The report assessed the coin’s futures market and found that despite overall market consolidation in March, ETH’s funding rates remain positive and open interest rates continue to rise. Funding rates are used in perpetual futures contracts to ensure that the contract price remains close to the…
Author: Crypto Flexs
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Ghanaian fintech startup Zeepay recently secured $3 million in equity investment from venture capital firm Verdant Capital Hybrid Fund. Zeepay plans to use the funds raised to strengthen its position as it prepares for significant growth in 2024. Strengthening Zeepay’s presence in Africa Ghanaian fintech startup Zeepay recently raised $3 million(…)
Aptos Labs has partnered with io.net to improve access to scalable GPU resources to enhance AI and machine learning capabilities. Aptos Labs, the company behind the Aptos blockchain ecosystem, has partnered with io.net, a provider of decentralized GPU computing solutions, to decentralize access to artificial intelligence (AI) resources that a growing number of venture capital firms are targeting. It has been concluded. A fast-growing technology. According to a press release shared with crypto.news, io.net and Aptos Labs will collaborate to develop a suite of AI models and inference products for future launches on the Aptos network. These future services will…
HashKey Group plans to expand the Web3 ecosystem by launching HashKey Chain, a ZK-proof based Ethereum Layer-2 platform that leverages the token HSK for ecosystem incentives. According to a press release shared with Blockchain.News, HashKey Group, a prominent player in Asia’s digital asset financial services space, has unveiled its latest venture, HashKey Chain, in the rapidly growing Web3 environment. This Ethereum Layer-2 network was announced at the 2024 Hong Kong Web3 Festival, significantly expanding HashKey’s Web3 ecosystem. HashKey Chain: Bridging the gap in Ethereum scalability HashKey Chain is designed with zero-knowledge proof (ZK proof) technology at its core, providing an…
This strategy is also similar to that of MicroStrategy, a Tysons Corner, Virginia-based software developer that has said it will begin increasing its Bitcoin holdings in 2020. Since then, stock prices have often mirrored Bitcoin price movements, reflecting investor sentiment about the cryptocurrency market. According to bitcointreasuries.net, it is currently the largest corporate owner of Bitcoin, holding more than 214,000 bitcoins worth more than $15 billion.
The Cardano blockchain platform is a secure and scalable platform that helps achieve these goals. What makes us stand out is that we adopt a scientifically-based development model that integrates the most recent research results to build a strong foundation. This focus on academic rigor ensures that the platform is resistant to attacks and scalable to the point where demand growth is unmatched. Cardano is a project that aims to create an environment where developers can build DApps and smart contracts on top of a more transparent and fair financial infrastructure through available tools. The technological philosophy ideas that formed…
After three months of trading, Fidelity’s FBTC spot Bitcoin exchange-traded fund has officially surpassed 150,000. BTC -2.34% From assets under management. Excluding Grayscale’s converted GBTC fund, the total amount of the nine newly created spot Bitcoin ETFs is over 520,000 BTC.According to the fund’s latest disclosure, Fidelity’s FBTC has amassed assets of a total of 150,563 BTC, worth about $10.1 billion at current prices. Among the nine newly created ETFs, BlackRock’s IBIT currently leads with 263,937 BTC ($18.5 billion), while Ark Invest 21Shares’ ARKB is third with 43,726 BTC ($3.1 billion), according to CoinGlass data.By comparison, assets held by Grayscale’s…
The overall cryptocurrency market capitalization is up 0.4% in the last 24 hours and is currently trending towards $2.77 trillion. Before we get into the technical analysis, here is an overview of how BTC, ETH, and DOT are doing: BTC: $70,252 (-1.4%) ETH: $3,618 (+1.4%) DOT: $8.87 (-0.1%) Bitcoin Price Analysis Bitcoin price is on the rise. This Monday, BTC bounced back to $72,000 and then back below $70,000. According to the Fibonacci retracement line, the price fell below the 84.6%, 76.4%, and 70.6% levels. The 61.8% retracement line provides strong support for the price to hold. The Relative Strength…
April 8 Bitfinex Alpha | BTC Rebounds, but Market Outlook Is Unsettled Post time: 12:42h On Bitfinex Alpha Maria Lobusova subscribeTo Bitfinex Alpha! Want to receive Alpha from Bitfinex every week? subscribe As we head into the Bitcoin halving, we looked at all past halvings since 2012 and used a simple regression model to predict a 160% post-halving price surge over the next 14 months, taking the price between $150,000-169,000. . However, this approach may be too simplistic. The main difference between the 2024 halving and all previous halvings is that BTC has already reached an all-time high before the…
StakeLayer Surpasses $500,000 Milestone in $STAKE Presale, Paving the Way for Bitcoin Evolution – Chainwire housenewsroomStakeLayer Surpasses $500,000 Milestone in $STAKE Presale, Paving the Way for Bitcoin Evolution We use cookies to make Chainwire’s website a better experience. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user or for the sole purpose of carrying out the transmission of communications over an electronic communications network.…