Former FTX CEO Sam Bankman-Fried has been sentenced to 25 years in prison for fraud. Memecoin, like Sam Baseman Fraud, reflects trends in thematic tokens. In a significant development, former FTX CEO Sam Bankman-Fried was sentenced to 25 years in prison for fraud, marking a historic moment for the markets. Amid this chaos, just hours before the sentencing, a memecoin called Sam Baseman Fraud, using the ticker FTX, was launched on the Coinbase layer 2 network Base. Additionally, in just seven hours, FTX memecoin surged more than 23,300%, reaching a peak market capitalization of $1.5 million on March 28, according…
Author: Crypto Flexs
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On Friday, March 29, 2024, total open interest in Bitcoin futures hit a new all-time high of $37.55 billion. The rise comes as the Bitcoin market is gaining steam and institutional investor interest is growing. Bitcoin futures open interest reaches an unprecedented $37.55 billion Interest in Bitcoin (BTC) derivatives has increased since the end of 2023 (…)
Websea Labs Launches $100 Million Builder Program – Season 3 – Unveiling New Opportunities in GameFi and DeFi – Chainwire housenewsroomWebsea Labs Launches $100 Million Builder Program – Season 3 – Unveiling New Opportunities in GameFi and DeFi We use cookies to make your experience on Chainwire’s website better. 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…
Analysts are optimistic about the possibilities. Ethereum spot exchange-traded fund (ETF) approved May approvals continue to decline, with once-optimistic Bloomberg Intelligence senior analyst Eric Balchunas lowering his forecast for product approvals to just 25%. Ethereum spot ETF odds continue to fall. Eric Balchunas, who said in May that there was still only a 25% chance that the U.S. Securities and Exchange Commission (SEC) would approve an Ethereum ETF, expressed his pessimism with an post. According to Balchunas, if he could do that, he would probably go lower, which hints at how uncertain analysts are about the product. The Bloomberg expert’s…
BNB price is attempting a new rise in the $500 range. The price could gain bullish momentum if it breaks the resistance levels of $588 and $610. BNB price began a new rise above the $520 and $540 levels. The price is currently trading above $575 and the 100 simple moving average (4-hours). On the 4-hours chart of the BNB/USD pair, there is a major bullish trend line forming with support near $580 (data source from Binance). A break above the $610 resistance area could trigger a new rally. BNB price surges eye-fresh BNB price was revised downward from $645…
Caroline Pham, one of the chairs of the Commodity Futures Trading Commission, said she believes the regulator may be undermining its sister institution following charges it filed against cryptocurrency exchange KuCoin earlier this week. criticized the institution. The CFTC joined the U.S. Department of Justice in filing the charges. KuCoin On March 26, he was indicted on charges of illegally operating a digital asset derivatives exchange. “This appears to suggest that under the Commodities Act, the investors, i.e. the fund shares held by the securities themselves, may constitute a leveraged transaction,” CFTC Commissioner Palm said in a statement Friday. but,…
Ethereum co-founder Vitalik Buterin discusses the Dencun hard fork activation and Blob’s impact on the ecosystem, as well as Ethereum’s long-term expansion roadmap and future direction. In a recent post on his website, Ethereum co-founder Vitalik Buterin detailed the activation of the Dencun hard fork and the introduction of blobs to the Ethereum network. Buterin explains that the activation of this hard fork marks an important turning point in Ethereum’s expansion efforts. Blob, also known as proto-danksharding or EIP-4844, significantly reduced transaction fees for rollups. Since Blob was initially almost free, fees were reduced significantly. However, as the Blockscription Protocol…
March 28, 2024, Delaware, USA, Chainwire To significantly improve the user experience for DeFi users in the Ethereum ecosystem, DeFi Saver has integrated native support for secure smart accounts and multi-sig. DeFi Saver, one of the leading apps for creating, tracking, and managing DeFi positions on Ethereum, announced that it has integrated account abstraction leader Safe to take the DeFi user experience to the next level. This follows Safe’s recently announced milestone of more than $100 billion in digital assets secured in Safe smart accounts and more than 40 million transactions conducted on Safe’s infrastructure. This update means DeFi users…
Written by Vishnu Patankar, Chief Technology Officer at Kraken Cryptocurrencies are uniquely suited to AI adoption. Our industry is known for its volatility and 24/7 dynamic. As anyone who has been involved in the cryptocurrency industry knows, a bull market puts enormous pressure on most core functions, including account sign-up, customer response, and token listings. In these situations, the hiring process often falls far short of filling the vacancy. This is partly because other cryptocurrency companies are trying to hire the same people at the same time, but also because it can take months for new hires to complete their…
Ethereum has been gaining a foothold above the $3,500 price level throughout the week as most investors have been doing so. continue to anticipate all Return to $4,000 level. fun, optimism We have seen some public interest in Ethereum. soar to new highs. Although a surge in open interest is a bullish sentiment indicator, it can also act as a bearish signal that a change in market trends is imminent. Ultimately, this indicator adds to the current dynamics of the Ethereum ecosystem, including regulatory uncertainty and scalability issues, which imply a complex price trajectory for the Ethereum price. Ethereum open…