Ethereum options open interest ahead of month-end expiration on Friday shows a concentration of puts at the $2,200 strike price. One analyst said this could be a hedge against a bullish position, but it could also signal a bearish near-term outlook for the second-largest digital asset by market capitalization.This comes as Ethereum recently changed hands above $3,000 for the first time since April 2022, as speculators take a stand on whether the U.S. Securities and Exchange Commission will approve a spot Ether ETF in the coming months. An option is a derivative contract that gives a trader the right, but…
Author: Crypto Flexs
Read More
Pyth Network on Tuesday announced the launch of a real-time price feed for the Bitcoin exchange-traded fund (ETF), increasing data availability for both decentralized finance (defi) developers and the broader cryptocurrency and traditional finance communities. These feeds encapsulate data from 13 Bitcoin exchange-traded products (ETPs), providing valuable insights. Pyth Network Launches Real-Time Feed for Bitcoin ETF (…) Source: Bitcoin.com Cryptocurrency Investment Risk Warning Cryptocurrency assets are highly volatile. Your capital is at risk.Do not invest unless you are prepared to lose all your money.This is a high-risk investment and you should not expect to be protected if something goes wrong.…
FIL was the 12th most traded cryptocurrency in the last 24 hours. The OI for FIL futures soared to a 26-week high. Filecoin (FIL) was the second biggest gainer in the entire cryptocurrency market in the last 24 hours, thanks to the strength it received recently. The token representing the decentralized storage network surged to $7.53 at press time, up 16% in 24 hours and a whopping 38% in a week, according to CoinMarketCap data. The market is crazy about FIL The price surge caught the attention of market participants, leading to a 217% surge in daily trading volume. In…
Over the past day, Filecoin (FIL) has emerged from the shadows to achieve a price recovery of over 10%. This notable move has brought more attention to altcoins that previously failed to follow the general cryptocurrency market recovery. Accordingly, one cryptocurrency analyst predicted that altcoin prices would rise by 1,000%, which would bring major changes to altcoins. Filecoin will rise 10x to $70. In an analysis shared on The charts shared in the analysis track the coin’s movements over the past year, with a nearly 200% increase from lows below $3 to over $0.7. Nonetheless, the cryptocurrency analyst believes there…
Ripple may ‘burn’ 40 billion XRP held in escrow, CTO saysThe debate over whether Ripple should burn the 40 billion XRP it holds in escrow gained attention when the company’s CTO, David Schwartz, suggested a way to achieve this. The community has been discussing the possibility of burning coins, with some suggesting it is not technically feasible. Schwartz explained that Ripple can blackhole accounts, creating the same effect as burning escrowed XRP, effectively removing coins from circulation. This could potentially have a positive impact on the price of XRP, as seen in other cryptocurrencies. An ongoing legal battle with the…
Sui Unveils Prestigious Venue and Initial Speakers for First Annual Basecamp Event – Chainwire housenewsroomSui unveils popular location and initial speakers for first annual basecamp event We use cookies to make your experience on Chainwire’s website better. Cookies help us provide you with 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 carrying out the transmission of communications over an electronic communications network.…
Community & educationAAvolution House IstanbulCommunity-run event organized in Istanbul, Türkiye to push forward account abstraction (AA) standards, ideas, and projects to mainstream adoption.Community & educationBuildETH PatternsEthereum developer event that explored the top web3 development patterns hosted in San Francisco, California.Community & educationEthereum Costa Rica DayEvent in San José, Costa Rica that focused on onboarding users and developers while covering topics such as public goods, cryptography, and Solidity.Community & educationETH MacedoniaSupport for ETH Macedonia’s grassroots activities, including engaging with the community on Discord and organizing meetups in Skopje, Macedonia.Community & educationEthereum Lima DayConference in Lima, Peru to onboard new Ethereum users…
ADA, the native token of the Cardano ecosystem, has experienced a notable price surge taking advantage of Bitcoin (BTC) stalling above the $52,000 level. With gains of 20% and 14% over the past 30 and 14 days respectively, ADA has reignited optimism among investors. The token’s recent performance has not gone unnoticed, with cryptocurrency analyst “Trend Rider” making bold price predictions and highlighting key indicators that point to its long-term potential. bull running For ADA. Potential bull market for ADA on social media post On Analysts have drawn attention to an indicator called Impulse colors, which tracks price distance from…
The Hong Kong Monetary Authority (HKMA) has published a circular outlining regulatory standards for entities selling and distributing tokenized products to foster innovation, ensure consumer and investor protection, and promote due diligence, transparency and risk management. The Hong Kong Monetary Authority (HKMA) has issued a new circular detailing the regulatory standards that authorized entities must adhere to when selling and distributing tokenized products (cryptocurrencies, virtual assets) to customers. This move is an important step in the regulator’s efforts to embrace technological advancements in the financial sector while protecting consumers and investors. Tokenized products, as defined by the HKMA in this…
Palo Alto, USA, February 20, 2024, Chainwire The co-organizers of Sui Basecamp, the first annual global Sui conference, today announced the first confirmed speakers for the Paris event, taking place on April 10 and 11, 2024. Sui Basecamp is a celebration of developers and entrepreneurs building on Sui. It is an innovative layer 1 blockchain and smart contract platform and features speakers and thought leaders from around the world and across the greater Web3 ecosystem. Sui Basecamp’s initial speakers include: Arianna Simpson, General Partner at a16z Balaji S. Srinivasan, Angel Investor, Technology Founder and Author of The Network StateMeltem Demirors,…