Justin Sun, founder of TRON blockchain, revealed plans to invest $30 million in World Liberty Financial (WLFI), a decentralized finance (DeFi) platform backed by upcoming US President Donald Trump. The big announcement was made via the X handle. With this announcement, Sun’s TRON blockchain becomes the project’s largest backer. We are pleased to invest $30 million in World Liberty Financial. @worldlibertyfi As the largest investor. The United States is becoming a blockchain hub, and Bitcoin is taking advantage of this. @realDonaldTrump! TRON is committed to making America great again and driving innovation. Let’s go! pic.twitter.com/cISTsVYP1f β HE Justin Sun π…
Author: Crypto Flexs
Iris Coleman November 25, 2024 18:16 Linea unveiled its Linea Association establishment and decentralization plans at DevCon Bangkok, marking a significant step in its growth and governance. Linea, a blockchain initiative known for its sovereignty-centric approach, announced significant plans for expansion at DevCon in Bangkok this week. According to linea.mirror.xyz, this announcement marks an important milestone in Linea’s journey toward decentralization. Linea Association formed On Wednesday at L2con, AltLayer Rollup Day and THW3 Bangkok, Linea unveiled the creation of the Linea Association. This independent Swiss non-profit organization is dedicated to fostering the growth, development…
Dogecoin (DOGE) futures open interest surged to an all-time high of $4.6 billion on November 23, surpassing the previous record by 100%. This expansion represents a significant increase in leverage demand and is notable because DOGE was trading 35% below its May 2021 high of $0.74.Traders are concerned that DOGE’s 224% rise from November 3 to November 23, driven by derivatives, could signal a cycle peak reminiscent of the April 2024 price action.DOGE open interest (green) and DOGE/USD. Source: CoinglassFrom March 20 to March 28, DOGE experienced an 82% price surge, reaching a high of $0.23 with futures open interest…
Cryptocurrency continues to evolve as a groundbreaking invention, gaining more and more international recognition since its creation. Cloud mining, an important way to earn Bitcoin, has become an important pillar industry that cannot be underestimated and has opened up new ways for the cryptocurrency industry community to earn rich profits. Cloud mining has quickly become the most popular activity in the industry.DDB Miner Users can mine cryptocurrency without having to own and manage the necessary hardware. This allows users to participate in cryptocurrency mining without the necessary hardware and energy resources.By 2024, DDB Miner has become one of the most…
jack anderson November 25, 2024 18:36 AssemblyAI’s advanced technology leverages multi-channel audio recording to enhance your Zoom meeting recordings. Learn how to integrate with the Zoom API for accurate speech-to-text results. Zoom, a popular video conferencing platform, offers users the ability to record each participant’s audio on a separate track. According to AssemblyAI, this feature is not widely advertised, but when combined with AssemblyAI’s multi-channel transcription technology, it can significantly improve the accuracy of transcription services. Understanding multi-channel recording By recording each participant on a separate track, users avoid the common pitfall of overlapping…
Renowned cryptocurrency analyst Altcoin Sherpa said that Ethereum (ETH) is likely approaching a cycle bottom in the Bitcoin pair (ETH/BTC). An anonymous trader tells his 230,000 followers on social media platform βI know everyone is talking about Altseason now and no one wants it more than me. But I think BTC will need to temporarily complete its run for Alter to run (aka January 2021). ETH will probably find a bottom compared to BTC in the coming months. This or 0.024 is the area I am observing.β Source: Altcoin Sherpa/X As of this writing, ETH/BTC is trading at 0.034 BTC,…
Ethereum’s rollup-centric layer 2 roadmap has successfully tamed base layer congestion and exorbitant gas fees, but at the cost of creating a fragmented ecosystem. Designed to scale the network, L2s have become small islands, each with its own rules, systems, and barriers. Liquidity is siled, users must navigate bridges between L2s, and developers must choose whether to build on Base, Arbitrum, or Starknet.However, over the past few years, the community has started talking more and more about base rollups as a potential answer to the problem. Reportedly, the foundation rollup could bring back interoperability and composability and revive DeFi Summer’s…
Bengaluru, India, November 25, 2024, Chainwire Kernel is pleased to announce funding. Binance LabIt solidifies its role as the core re-staking infrastructure of the BNB Chain. This milestone marks a huge leap forward in transforming BNB’s economic security into programmable trust and powering dApps, middleware, and the entire cryptocurrency ecosystem. Kernel has raised a total of $10 million across rounds with the trust and support of a variety of investors, including: SCB Limited, Laser Digital, Bankless Ventures, Hypersphere, Cypher Capital, Draper Dragon, ArkStream Capital, DACM, HTX Ventures, Avid VC, GSR, Cluster Capital, Longhash Ventures, Via BTC, Side Door Ventures, NOIA,…
Analysts have observed capital flows shifting from Bitcoin to Ethereum, with derivatives markets indicating investors are hoping for more near-term upward momentum for the second-largest digital asset by market capitalization.Open interest on Ethereum surged over the weekend, boosting confidence among derivatives traders as implied volatility increased and demand for call options became evident. According to The Block’s price page, over the past 24 hours, Ethereum has risen more than 6% to trade above $3,513, while Bitcoin has fallen slightly by 0.5% and is currently trading at around $95,600.βThe tide over the past few sessions has shifted towards Ethereum, with outstanding…
Sui Network ranks second with 4.64 billion transactions in 2024. High demand and network utility caused the price to surge to $3.42. Sui (SUI) continues to make headlines in 2024, securing second place in total trading volume and solidifying its position as one of the most promising blockchain platforms in the sector. This surge in activity highlights the growing adoption and potential of the network, but what does it mean for the price of its native token, SUI? The recent increase could signal a new phase of growth for the token, as trading volume is often used as a key…