Institutional investors will take a more active interest in the cryptocurrency sector in 2024, according to analysts from three cryptocurrency exchanges and a cryptocurrency lending platform. This will be driven by the possible approval of a spot Bitcoin ETF, expected interest rate cuts from the U.S. Federal Reserve, and greater regulatory clarity, they said.This is a trend that has already begun. Data from the Deribit derivatives exchange shows an increase in institutional investor activity since October 2023. According to Deribit Chief Commercial Officer Luuk Strijers, the data suggests that more experienced players in traditional markets are positioning themselves to participate…
Author: Crypto Flexs
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A rival to Ethereum (ETH), which has surged more than 1,000% this year, is poised to hit a new all-time high (ATH), venture capitalist Chris Burniske said. In a new thread, the co-founder of Placeholder Capital, a New York-based venture capital firm, says Smart contract platform Solana (SOL) appears to be consolidating its position against Ethereum (SOL/ETH) with 270,500 followers on social media platform X. According to the cryptocurrency investor, he sees the SOL/ETH pair rising to an all-time high of 0.06 ETH, worth $136. “I forgot to post about 0.04 (ETH) because SOL/ETH is moving so fast. It is…
China is back in the cryptocurrency game, a new dog is pulling the same memecoin trick, and which coin stole the show this altcoin season? This week we bring you these stories and more in cryptocurrency. New 4th Largest Cryptocurrency Solana’s SOL token has become the fourth-largest cryptocurrency in the world, surpassing Ripple’s XRP and Binance’s BNB. Driven by the thriving DeFi ecosystem and the rise of meme coins on the Solana network (especially Bonk), the price of SOL has risen to a 20-month high. Solana’s total locked value exceeded $1 billion, and its daily stablecoin transfer volume surged 600%,…
Era on Ethereum layer 2 network zkSync suffered a temporary block production outage today, but is now fully operational due to a bug-related outage that lasted more than four hours. In X’s December 25 post, the developer confirmed that a bug within the server triggered automated safety protocols, causing network issues. “The zkSync Era network is now fully operational. At 05:50 UTC, a bug in the server tripped one of the network’s automated safety protocols. “This issue had to be investigated by the team and is now fully resolved,” the team said. The layer 2 network developer, backed by Matter…
Solana has completed another successful year. 2023 has been full of challenges, but the Solana community has made it an eventful year. It’s no surprise that we’re getting closer to $100 prices again. Currently trading at $99, the token is up 17.34% in the last 24 hours. The one-week growth rate accumulated to 31%, and last month it gained 82.43% in value. These numbers are why cryptocurrency traders review them all. Solana Predictions Assess growth. This price surge is not simply a result of market optimism. To achieve this result, the Solana community maintained its composure for the longest time.…
More than a year after its release, Yuga Labs’ project Otherside still dominates metaverse land sales.Otherside is made up of fictional land parcels called “Otherdeeds” and creators called Kodas who reside there. When Otherside first launched on May 1, 2022, it sold out within hours and brought Yuga $317 million in sales. Yuga launched another project, Otherside Expanded, on April 3, 2023 as a companion to the 2D strategy game Otherside: Legends of The Mara. According to a list of top-selling Metaverse NFTs compiled by The Block Research, the top 10 most expensive Metaverse NFTs this year belonged to Otherdeed…
When is altcoin season? This is the question many traders and investors are asking themselves as we face many challenges over the past two years. First, the deep bear market of 2022 has pushed their preferred cryptocurrency to multi-year lows. Afterwards, when Bitcoin (BTC) soared 180% in 2023, altcoin fans had to look with envy. At the same time, Ethereum (ETH), the largest altcoin by market capitalization, recently hit its lowest level in 18 months compared to Bitcoin. Because of this, some wonder if ETH is dead. And if ETH doesn’t do well, the entire altcoin market will continue to…
The U.S. Securities and Exchange Commission (SEC) has released important dates for the approval process. Bitcoin Spot Exchange Traded Fund (ETF) It is intended for applicants scheduled for release in January 2024. Bitcoin Spot ETF Application Deadline Fox Business journalist and producer Eleanor Terrett recently visited X (formerly Twitter) and share The Bitcoin Spot ETF approval process date provided by US regulators is December 29, 2023. However, the deadline set by U.S. regulators applies to all S-1 Bitcoin spot ETFs. Terrett also highlighted the primary approval process from regulatory watchdogs. It has now been released by the Department of Defense.…
Jay Hao, CEO of OKX cryptocurrency exchange, named five basic principles for listing cryptocurrencies on the platform. Jay Hao posted on his X account that many of his friends are urging him to stake more BRC-20 tokens. However, he explained why this strategy is not suitable for OKX. Many friends urged me to list more brc-20 tokens. Thank you for this kind suggestion. As an exchange, I believe that using the simplest strategy of listing all tokens may help the exchange make money faster, but it will destroy the market. OKX will never…— Star (@star_okx) December 25, 2023 The head…
Over the past year, the Ethereum Foundation has significantly grown its team of dedicated security researchers and engineers. Members come from a variety of backgrounds, including cryptography, security architecture, risk management, and exploit development, and have worked on red and blue teams. Members come from a variety of sectors and have worked to protect everything from the internet services we all use every day to national health systems and central banks. As The Merge approaches, the team is putting a lot of effort into analyzing, auditing, and studying the consensus layer in a variety of ways, as well as The…