Luxembourg, Luxembourg, November 21, 2024, Chainwire DegenLayer, a newly launched memecoin-focused blockchain and trading terminal app suite, has announced the launch of its testnet, marking a significant step towards its upcoming mainnet launch. The platform aims to facilitate zero-setup memecoin trading and creation by leveraging $20 billion of liquidity within the Optimism Superchain ecosystem. The project developers expect daily profits in ETH to be $1 million, assuming daily DEX trading volume of $200 million. With low transaction fees and a streamlined user interface, DegenLayer seeks to provide a gateway for mainstream users to engage in blockchain-based transactions and creation. The…
Author: Crypto Flexs
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Bitcoin saw a sharp rally on November 21, as liquidity pressure pushed the BTC price near $100,000.BTC/USD 1-hour chart. Source: TradingViewBitcoin gap with sellers above $100,000 widens.Trader Skew called a “pop” on last-request liquidity ahead of a key six-digit Bitcoin (BTC) price barrier, according to data from Cointelegraph Markets Pro and TradingView.At the time of this writing, BTC/USD is up nearly 3%, below $3,000 below its historic performance.“If a large seller takes a position, it will be here. It also makes sense in game theory in terms of first movers, requiring $100,000 of liquidity,” Skew said in a post on…
Shibetoshi Nakamoto blames Ether for its lethargic performance. Veteran cryptocurrency expert derives key levels to watch for Ethereum. Dogecoin outperforms Bitcoin by 4x on a month-to-month basis. With altcoins vying for a prime spot in the bull season, Dogecoin founder Billy Markus gave a shout-out to Ethereum (ETH). Known professionally as Shibetoshi Nakamoto, he has taken shots at Ethereum’s lackluster performance amid the ongoing Bitcoin (BTC) bull race, as his creations outperform both assets.Dogecoin founder mocks Ethereum’s price.The former IBM computer guru shared a price comparison chart of Bitcoin, Ethereum, and Dogecoin (DOGE), pointing out that one out of three…
Monkey Tilt, a cryptocurrency casino gaming platform launched in March, raised $30 million in a Series A funding round led by renowned cryptocurrency VC firm Pantera Capital.Polychain Capital, PokerGo, Hack VC, Dream Ventures, Accomplice, Mirana and Josh Hannah, VC and co-founder of Flutter.com, which later merged with Betfair, also participated in the round. The financing brings Monkey Tilt’s total capital to more than $50 million, according to a statement. The company’s valuation has not been made public.Monkey Tilt describes itself as “an entertainment-first company that combines the traditional casino experience with enhanced social and lifestyle integration.” The platform provides a…
Dubai, United Arab Emirates, November 21, 2024, ChainwireArcana Network is pleased to announce the beta launch of Arcana Wallet, now available in the Chrome Store. This beta sets a new standard for blockchain accessibility and user experience through its pioneering chain abstraction protocol. Built as the first External Owned Account (EOA) wallet to leverage chain abstraction, Arcana Wallet provides a frictionless multi-chain experience that allows users to seamlessly use assets across Ethereum, Base, Polygon, Arbitrum, and Optimism, with over 20 More new chains are added. soon.The Chrome extension wallet is available at www.arcana.network/wallet.Unified Balances: Use your assets across multiple chains…
Market analytics platform Arkham Intelligence has announced the launch of a new spot trading exchange. In a new thread on social media platform However, Arkham notes that some US users will have to wait until the platform is fully regulated. “Eligibility varies by jurisdiction. Users located in the United States are excluded from onboarding until onboarding is legally permitted in their country and state.” According to previous reports, Arkham first announced in October that it would launch a derivatives exchange as a means to compete with Binance, the world’s largest cryptocurrency exchange. At the time, Arkham, which launched in 2020,…
Yorg Healer November 21, 2024 06:09 Industry leaders rely on AssemblyAI’s insights to evaluate the pros and cons of AI integration strategies, exploring in-house development, open source tools, and AI provider partnerships. Integrating artificial intelligence (AI) into business processes will remain a critical focus for industry leaders in 2024. But the road to effective implementation is fraught with challenges, including deciding whether to build AI systems in-house, leverage open source models, or partner with AI providers. According to insights from AssemblyAI’s 2024 report, this decision will depend on a variety of factors, including technical…
Jeffrey Zirlin, co-founder of cryptocurrency gaming platform Sky Mavis, said blockchain gaming, along with decentralized finance (DeFi), will benefit the most from the election of President Donald Trump. In an interview with Cointelegraph at the YGG Play Summit in the Philippines on November 21, Zirlin said the “token design” space could benefit the most from America’s new cryptocurrency-friendly government. “We want to experiment with all these ways to add utility to the tokens so that we can distribute them through the game and have people who want to use them and spend them.”Zirlin said it is “very difficult” to do…
HighlightsEthereum has recorded massive volume over the past month to maintain its dominance.The blockchain continues to face competition from Solana and the BNB chain.Despite concerns about fees, Ethereum is still primarily used. As the cryptocurrency world develops, Ethereum ETH $3134 24-hour volatility: 0.4% Market capitalization: $378.09B Vol. 24 hours: $37.47B It has maintained its relevance as a dominant chain. It maintains its dominance despite ongoing criticism over its high trading fees. Ethereum’s dominance is undisputed, but competitors such as XRP Ledger (XRPL) and Solana brush $241.8 24-hour volatility: 1.8% Market capitalization: $114.76B Vol. 24 hours: $9.77B Especially challenging your own…
Maker’s massive trading volume increased by over 1,400% in just two days. Despite the increase in whale activity, technical and on-chain indicators showed mixed signals for MKR. Maker (MKR), At press time, the price was valued at $1,513 after rising less than 2% in the past 24 hours. It’s worth noting here that the token’s performance mirrored that of the broader cryptocurrency market, with gains of 24% over the month. However, despite these gains, Maker has remained stuck in the $1,419 – $1,550 range over the past two weeks. But increased whale activity could help push these levels beyond that…