The NFT market has suffered a decline for the second time this year after the early 2024 hype gradually faded. Sales of non-fungible tokens, or NFTs, plunged nearly 4% in March as investor purchases fell 91.54% to 84,571 and 89.63% to 75,484. Last month. Bitcoin, the most traded cryptocurrency and blockchain network, hosts the popular BRC 20 and Bitcoin Ordinal NFTs and is expected to record $495 million in transaction sales, up 41% from the previous month. Ethereum, the second most popular and traded blockchain network, recorded $483 million in NFT collection sales. The Solana NFT collection recorded $283 million…
Author: Crypto Flexs
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Bearish sentiment towards the token has increased. $0.93 was the next important support level for MATIC. Polygon (MATIC) Over the past few days, it has crossed an important resistance area, suggesting another upward rally. But things changed quickly on April 1, when MATIC’s value plummeted. MATIC Will the downtrend control the start of the second quarter? Polygon investors are shocked Renowned cryptocurrency analyst World of Charts recently posted the following: Twitter We highlight the fact that MATIC has crossed the resistance level. This happened when the price rose to $1. If MATIC had tested that level, the token price could…
April will be a monumental month in the cryptocurrency industry, with pivotal news that could impact the market. From significant block reward halvings to high-stakes legal developments and landmark project launches, here’s what to watch for. Block Reward Halving: BCH and BTC April marks the expected halving of block rewards for two major cryptocurrencies, Bitcoin (BTC) and Bitcoin Cash (BCH). Market participants expect BCH to be halved around April 3, reducing mining rewards from 6.25 BCH to 3.125 BCH. This event, which is important in controlling the inflation and supply dynamics of a coin, often triggers speculative interest by reducing…
Stablecoin issuer Tether has significantly expanded its Bitcoin holdings, acquiring 8,888 BTC worth approximately $600 million. This purchase was revealed through on-chain data rather than an official announcement.Tether has not released its Bitcoin addresses publicly. However, according to transactions tracked on the blockchain, 8,888 BTC was recently transferred from cryptocurrency exchange Bitfinex to an undisclosed Tether wallet.The recipient address currently holds over 75,000 BTC worth $5.3 billion. In May 2023, Tether first revealed that it planned to allocate a portion of its reserves to Bitcoin and invest up to 15% of its quarterly profits.Announcing the Bitcoin strategy, Tether CTO Paolo…
Cryptocurrency companies Coinbase and Circle are challenging a Basel Committee on Banking Supervisory proposal to introduce stricter standards. Preferential treatment in regulations On banks’ stablecoin exposure.The commission published a consultation paper in December suggesting that banks conduct due diligence to ensure “an appropriate understanding of the stabilization mechanisms of the stablecoins to which they are exposed.” The proposed requirements determine whether stablecoins qualify for the “Group 1b category,” which provides preferential regulatory treatment. According to consultation document, must meet certain criteria, including low volatility and sufficient liquidity. The deadline for comments on the document was March 28. Cryptocurrency exchange Coinbase…
The team behind Solareum, a Telegram trading app for buying and selling SolanaThe popular messaging platform’s token-based platform announced that it would be shutting down after some of the attacks were linked to it. $523,000 worth of SOL was depleted. From the user’s wallet last week.The wallet-draining exploit, which is believed to have affected more than 300 Solana users, occurred late last week. Initially, some users believed that BONKbot, a popular Telegram trading robot, was responsible for the leak of users’ private keys.However, the BONK meme coin team denied that there was a security issue with the Telegram bot and…
Cryptocurrency-related anti-dumping policies include a set of measures designed by regulators or cryptocurrency exchanges to curb the practice of dumping, which is the strategic sale of significant quantities of a specific cryptocurrency over a short period of time. The main purpose of dumping is to artificially lower the price of a cryptocurrency, causing volatility and potential losses for unsuspecting investors. These market manipulation tactics undermine market integrity and erode investor confidence, so strong anti-dumping policies must be implemented to prevent their harmful effects. Anti-dumping policies may be implemented to counter dumping and promote market stability. These policies can take many…
Forty-eight U.S. lawmakers have sent a letter to U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler asking him to clarify whether Ethereum is a security. “The negative impact of the SEC implicitly or directly classifying ETH as a digital asset security will spread across digital asset markets in the short and long term(…)
Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only. As Ripple (XRP) and Cosmos (ATOM) investors look for new opportunities amid regulatory and ecosystem developments, a new decentralized lending protocol, Kelexo (KLXO), emerges with the potential for huge profits. The Easter holiday brings news of hope and optimism, which is exactly what more and more Ripple (XRP) and Cosmos (ATOM) holders are seeing with the launch of promising new decentralized peer-to-peer lending protocols. Kelexo (KLXO) is making waves in the decentralized finance (defi) sector, directly leveraging leading lending…
Posted 1 minute ago In ~ MakerDAO, a decentralized finance (DeFi) project, is considering allocating 600 million DAI to USDe and staked USDe (sUSDe) through DeFi lending protocol Morpho Labs.Both USDe and sUSDe are issued by stablecoin developer Ethena Labs. It’s currently in a proposed state, but if the MakerDAO community confirms this move, it will bring Ethena’s total value lock-in growth “in line with internal expectations.” wrote Seraphim Czecker, Head of Growth at Ethena “Using the lowest of the above thresholds would result in a maximum recommended exposure to USDe of $600 million,” according to the proposal. “This will…