Dumpy.fun becomes the first platform to trade Solana meme coins short term. Shorting any asset carries significant risks. The risks extend to lenders on the platform as well. Meme coins are one of the most volatile assets in cryptocurrencies, driven largely by hype. Their prices fluctuate wildly, rising and falling much more than other tokens. However, until now, traders have only been able to bet on each coin going up. Most recently, Save Finance, formerly known as Solend, has introduced a platform where traders can bet on these tokens. Dumpy.fun, styled after the popular pump.fun, allows traders to short meme…
Author: Crypto Flexs
Read More
What do I need to know about transferring digital assets? If you are interested or have any interest in investing in digital assets, you may have wondered, “Can you inherit digital assets?” In this article, Wasim Ahmad, Chief Crypto Officer at Vault12, shares his thoughts on the most important things to know about inheriting Web3 assets and passing on crypto. Inheritance: What Happens to Your NFTs, Digital Art, and Cryptocurrencies When You Die? What happens to your NFTs, digital art, and crypto when you die? You need to understand how to pass your Web3 assets to your children or heirs.…
The Bitcoin (BTC) price plunged 5.5% between July 31 and August 1, reaching a two-week low of $62,498. The move was driven by reduced expectations of a rate cut in the United States and the distribution of 47,000 BTC from the assets of the closed exchange Mt. Gox. Traders are concerned that the Bitcoin price could correct further to retest the $57,000 support level, but the derivatives market is showing resilience and shows no signs of stress.Investors pulled out of risky markets as they sought protection.On July 31, the Federal Open Market Committee announced that it had decided to keep…
Company • August 1, 2024 4:49 PM EDT Posted 1 minute earlier In ~ Cryptocurrency exchange Bybit will no longer provide products and services in France.Starting from 8:00 UTC on August 2, French users will not be able to purchase any type of agricultural products, open new positions, or add new positions. According to the company’s announcement, all Bybit products, including Bybit Earn and all spot products, are included in this restriction.French users will be required to liquidate any remaining open positions after 8:00 UTC on August 13. After that, only withdrawals of assets and funds will be permitted.Bybit’s withdrawal…
A prominent cryptocurrency analyst says the native token of the XRP Ledger (XRPL) is set to see an uptrend. Cryptocurrency trader Ali Martinez told his 68,700 followers on social media platform X that XRP needs to break $0.90. “XRP has been consolidating in a symmetrical triangle for 6 years! A bullish breakout could occur if XRP breaks $0.90.” Source: Ali Martinez/X At the time of writing, XRP is valued at $0.587, down 10% in the last 24 hours but up 22% in the last 30 days. Looking at blockchain oracle Chainlink (LINK), Martinez turns to a technical analysis tool used…
Stacks (STX) price is showing a downward trend despite falling more than 12% in 4 days. This downtrend is due to a lack of confidence among STX holders as they already expected a decline. Stack investors turn pessimistic. The STX price is taking a hit from the decreasing confidence of investors who have switched their loyalty despite the slight decline. The negative funding ratio indicates that STX holders are expecting a decline and have started short-term betting. This suggests that there is a bearish sentiment among traders who expect the price to fall. The change in funding rates over the…
Caroline Bishop August 1, 2024 18:28 Circle’s EURC stablecoin is now live on the Base mainnet, allowing developers and users to mint and redeem EURC. It is supported by major partners like Coinbase and Uniswap. Circle, a prominent global financial technology company, has announced the launch of EURC, a euro-backed stablecoin, on its Base mainnet. According to circle.com, the development will provide developers and users with enhanced functionality for minting and redeeming EURC. EURC on base EURC is a Euro-backed stablecoin issued by Circle that aims to facilitate global commerce on Base. The launch…
Bitcoin (BTC) continued its downward trend at the opening of Wall Street on August 1, as the cryptocurrency ignored new interest rate cuts from central banks.BTC/USD 1-hour chart. Source: TradingViewDovish Federal Reserve Provides No Respite for Bitcoin BullsAccording to data from Cointelegraph Markets Pro and TradingView, the BTC price is in a bearish trend after dropping 2.4% the previous day.The decline continued despite the Federal Reserve adopting a dovish stance in its recent meeting when it decided to change interest rates.In a press conference after the Federal Open Market Committee (FOMC) decided to keep interest rates steady, Federal Reserve Chairman…
TIA, the native token of modular blockchain project Celestia, continues to struggle. It is currently trading at $5.32, down 12.37% over the past 30 days. Over time, the indicators show that TIA may be escalating losses as it approaches a critical point. Here’s what to expect: Celestia holders may have to deal with another downturn. The daily chart shows a relative strength index (RSI) reading of 38.86. RSI is a technical indicator that measures the speed and price movements of a cryptocurrency. The oscillator also determines whether an asset is overbought or oversold. If the reading is above 70.00, the…
Toronto-based investment firm Cypherpunk Holdings has once again increased its exposure. Solana brush -12.11% According to the latest Public disclosureSince mid-July, the company has purchased approximately 23,000 additional SOL, bringing the total to 86,294 tokens (valued at $21.6 million).Last month, The Block first reported that Cypherpunk had grown tenfold. From an initial investment of 6,131 tokens, the SOL backlog was increased to 63,000 tokens (valued at $14 million at the time).There was no SOL until the end of Q1 2024.The move is part of a major shift in focus for the company, which was one of the first publicly traded…