“If you look at the overall demand since the launch of ETFs, it has already caused a huge supply shock,” said Brian Dixon, CEO of investment firm Off the Chain Capital. “It is logical to think that when the halving occurs and supply decreases further, prices will rise.”
Author: Crypto Flexs
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Korea’s major political parties have unveiled cryptocurrency incentives, the Democratic Party has proposed ETF liberalization, and the People Power Party has proposed tax deferral for digital assets. To gain support ahead of the upcoming general election, South Korea’s major political parties have turned to the burgeoning cryptocurrency market, introducing policies to attract young, tech-savvy voters. These developments highlight the growing influence of digital assets in politics and how they can influence voter sentiment. The opposition Democratic Party announced a policy proposal to lift existing regulations on domestic and foreign exchange-traded funds (ETFs) containing cryptocurrency tokens such as Bitcoin ETFs. The…
After retracement from the current high of $0.22960, the price of Dogecoin (DOGE) appears to be not over yet as the memecoin has rebounded and is moving towards its current high. Dogecoin price technical analysis Dogecoin It is one of the few memecoins that has captured the hearts of many cryptocurrency investors. good night shiba inu and pepecoin (PEPE), Dogecoin is supported by a strong and exciting community that has played a huge role in its success to date. At the time of writing, the price of DOGE is trading around $0.19713 and is up more than 5% in the…
Cryptocurrency exchange Coinbase announced that it is adding a new Solana (SOL)-based altcoin to its listing roadmap ahead of the token launch. presentation Coinbase announced that it is adding Tensor (TNSR) to its listing roadmap via social media platform X. Coinbase’s listing roadmap is designed to provide users with reminders before listing cryptocurrency assets to prevent insider trading and increase transparency. Tensor is the most popular non-fungible token (NFT) platform on Solana, and according to a recent announcement, it will be launching its own token next week. line At X in project. TNSR tokens will be airdropped through the Jupiter…
Over the past 24 hours, the cryptocurrency market has experienced a slight rise of 2.16% against the US dollar, with the value of Bitcoin slightly above the $69,000 threshold. The Crypto Fear and Greed Index (CFGI) indicates that the market sentiment is still in the ‘extreme greed’ phase. Despite Bitcoin, market sentiment fluctuates between ‘greed’ and ‘extreme greed’ (…)
Recently, controversy arose when the law firm Sullivan and Cromwell sold two-thirds of Solana tokens worth $2.6 billion at a steep discount. FTX creditor champion Sunil expressed concerns about the impact on FTX creditors, while others questioned the legality of the sale. This article takes a closer look at the details of the sale and the resulting reaction. According to FTX creditor champion Sunil, Bloomberg reported his statement during SBF sentencing. He said Sullivan and law firm Cromwell sold two-thirds of $2.6 billion worth of Solana cryptocurrency at a steep discount of $64 per token. This is 62% lower than…
Chainwire, Seoul, South Korea, April 8, 2024 color protocol We are launching an ERC-404 conversion platform for Memecoin, allowing Meme artists and communities to create Meme NFT collections in ERC-404, and holders can convert Memecoin to NFTs. A new paradigm for meme-based creative publishing Memecoin is the eternal rhythm of the cryptocurrency market, known for its explosive expansion, unique community culture, and vast market potential. And while many graffiti artists have created fantastic works centered around Memcoin, these genius works have never had a chance to share in Memcoin’s surge in value. However, memecoin, which now has a well-established community…
Interest in Liquid Stake on the Avalanche network has been declining over the past few days. As AVAX fell, network activity continued to increase. According to recent data, the total Avalanche (AVAX) staking amount has exceeded 8 million. Despite the surge in overall AVAX staking, a worrying trend has been observed over the past few days. AMBCrypto looked at data from Flipside and found that the net flow of staked Avalanche has decreased significantly over the past few days. Source: Flipside A significant decrease in net flow of staked Avalanche over the past few days could potentially have a negative…
April 3 What is Optimism (OP)? Posted at 15:36h by token by admin Optimism represents a collaborative initiative to revolutionize the Ethereum ecosystem through the introduction of a scalable, equitable, and decentralized digital infrastructure. At the center of this effort is the Optimism Collective, a community-driven governance model that unites companies, developers, and users in the pursuit of a more democratic Internet. The collective is built on the principles of rewarding public goods and contributions that benefit the ecosystem, and encapsulates a new approach to digital governance where positive impacts are translated into private benefits. The reimagining of digital economics…
Hong Kong has welcomed more than 220 Web3 companies from 20 countries and regions, focusing on sectors such as virtual asset exchanges, blockchain infrastructure, network security and payment services, aiming to balance development with regulatory framework. In his recent speech at the opening ceremony of the ‘2024 Hong Kong Web3 Carnival’, Edmond Huang, Deputy Minister of Financial Services and Secretary of the Treasury, highlighted the government’s efforts to amend relevant laws to introduce over-the-counter (OTC) trading. Trade virtual assets under formal regulatory supervision. The government also plans to allow intermediary institutions to provide various virtual asset services, such as futures…