Posted 1 minute ago In ~ Binance, a leading cryptocurrency exchange, has surpassed $100 billion in assets held on behalf of its users. Binance claims to hold all user assets at a 1:1 ratio, with additional reserves verifiable using the Proof of Reserves (POR) system for 31 supported digital assets. Although useful, many have criticized these transparency measures by cryptocurrency exchanges because they fail to disclose audited fiat holdings, customer and company debt, and other information to assess a company’s financial health.Binance’s latest POR snapshot from early March shows that reserves are already close to that figure. The combination of…
Author: Crypto Flexs
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Shiba Inu (SHIB), a popular Ethereum-based cryptocurrency, has seen significant gains, strengthening the interest of cryptocurrency enthusiasts around the world. The nearly 10% surge in prices on Monday was attributed to a wave of market optimism and coincided with a significant burn surge revealed by Shibburn, a burn tracker for meme coins. The recent rise of meme coins can be attributed to a variety of factors. First, as market sentiment and excitement surrounding meme coins grew, they attracted the attention of investors looking for high-risk, high-reward opportunities. Additionally, social media platforms, viral marketing, and endorsements from celebrities and influencers have…
Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only. The new Fezoo Coin (FEZ) features are already appealing to many cryptocurrency investors. Despite being in the pre-sale stage, Fezoo is attracting investors away from traditional choices such as Ripple (XRP) and Cardano (ADA). Analysts believe that Fezoo will achieve significant success in the market. Let’s take a look at Ripple, Cardano and their recent market chart trends as well as Fezoo. Ripple continues to decline Ripple has been a prominent name in the cryptocurrency market. It is one…
The launch of SLERF comes on the back of an ongoing narrative that has seen developers raise millions of dollars, typically with SOL tokens, by promising meme coin airdrops. Some on-chain observers estimate that more than $100 million worth of tokens were transferred to the pre-sale over the weekend. This frenzy has contributed to the price of SOL exceeding $200 for the first time since November 2021.
Solana is gaining bullish momentum above $200. SOL price is still showing positive signs and may break above the $220 resistance level in the near term. SOL price gained bullish momentum and cleared the $200 resistance level against the US dollar. The price is currently trading above $200 and the 100 simple moving average (4-hours). On the 4-hours chart of the SOL/USD pair, there is a bullish trend line connecting with support at $195 (data source from Kraken). If it breaks the $205 and $212 resistance levels, the pair could continue to rise. Solana price rally extends The price of…
The latest CoinShares report highlights a record week with $2.9 billion inflows into the digital asset, establishing Bitcoin as the market leader. Digital asset markets have experienced a momentous week, according to the latest CoinShares Research Blog’s Volume 174: Digital Asset Fund Flows Weekly Report. The sector’s investment products received unprecedented weekly inflows of $2.9 billion, surpassing the previous high of $2.7 billion. The surge pushed annual inflows to $13.2 billion, surpassing the $10.6 billion inflows for all of 2021. A closer look at the report reveals that Bitcoin remains the dominant force in the cryptocurrency market, with inflows totaling…
Kalshi, a US prediction market regulated by the CFTC, will introduce prediction contracts for major cryptocurrencies Bitcoin and Ethereum. These contracts allow users to speculate on various price scenarios, including when Bitcoin will reach $100,000 and whether it will reach $150,000 in 2024.Bitcoin prediction contract: The “Cryptocurrencies” section of the Kalshi website offers several Bitcoin prediction contracts. This includes a contract for when Bitcoin will reach $100,000 with a betting range from March 28, 2024 to December 31, 2024. There is also a contract predicting the highest price Bitcoin will reach in 2024 and the daily price movement, with bets…
During the recent memecoin craze, one trader was seen on-chain turning a $72,000 investment into over $30 million in just three days. first reported According to blockchain tracking company Lookonchain, traders using the Solana (SOL) address “sundayfunday.sol” made huge profits buying and selling Book of Meme (BOME), a new memecoin launched on Solana last week. According to Lookonchain, after securing a profit of $3.66 million, the company still has $26 million worth of BOME left over. “sundayfunday.sol turned $72,000 into $30.2 million in just 3 days on BOME! sundayfunday.sol was the largest BOME presale participant, spending 421 SOL ($72,000) to…
Bitcoin BTC +2.27% One analyst said the country could experience a positive demand shock in the coming months as new money flows in from registered investment advisers.A positive demand shock refers to a sudden surge in demand for an asset such as Bitcoin, potentially triggered by significant capital inflows into a particular market.James Butterfill, head of research at CoinShares, highlighted the dynamics that could trigger such an event, noting that spot Bitcoin exchange-traded funds have not yet been made available to the RIA market. “Typically, the fund platforms used by RIAs require three months of prior transaction data. This may…
Global financial giant Standard Chartered raised its Bitcoin price forecast for the end of 2024 to $150,000. This is a significant increase from the previous forecast of $100,000.In a new report, analysts at Standard Chartered cited strong inflows into the recently launched spot Bitcoin ETF in the US as a key driver of their bullish outlook. The bank believes these “sticky” institutional flows will continue to push Bitcoin prices higher.Standard Chartered has emerged as one of the Bitcoin-friendly legacy banks with an active research team covering Bitcoin. Previously, analysts at the bank predicted that Bitcoin would reach $100,000 by the…