Ethereum is expected to see a 20% price increase due to whale accumulation and exchange outflows. Whale activity suggests increased bullish sentiment and reduced supply on exchanges. Ethereum (ETH) has surged 20% over the past week due to significant outflows on exchanges and increased whale accumulation, reflecting growing confidence in the asset. Despite the bullish momentum, the recent minor correction has placed ETH at a critical juncture, testing key support and resistance levels. As the market awaits clarity, these levels will play a key role in determining the next direction for Ethereum’s price. Ethereum exchange flow Ethereum saw significant outflows…
Author: Crypto Flexs
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Darius Varu November 14, 2024 15:39 Sei Labs and Sei Foundation launch the Sei Research Initiative to address limitations of the Ethereum Virtual Machine and improve its scalability and decentralization. Sei Labs and Sei Foundation have unveiled the Sei Research Initiative, a joint effort to address the limitations of the Ethereum Virtual Machine (EVM). This initiative seeks to explore and expand the capabilities of EVM by engaging third-party researchers, thought leaders, and external contributors. Explore EVM limitations EVM, a cornerstone of blockchain technology, allows the creation of decentralized applications through smart contracts written in…
Each month, a panel of cryptocurrency lawyers examines the legal implications of the most challenging issues facing the industry in various jurisdictions around the world.. US authorities recently indicted 18 people on charges of cryptocurrency market manipulation following an investigative operation by the Federal Bureau of Investigation (FBI). The FBI created tokens for legal practitioners to lure market makers into illegal wash trading. This incident has sparked controversy within the cryptocurrency industry over the application of traditional financial laws, including anti-market manipulation regulations. The case also raises potential copyright issues, with claims that the FBI improperly used open source code…
On-chain data shows that average Bitcoin inflows into Binance have grown rapidly throughout 2024, meaning whales are using the exchange more. Bitcoin average exchange inflows to Binance have surged over the past year. As CryptoQuant community analyst Maartunn explains in a new Quicktake post, Binance has seen a change in traffic over the past year. The on-chain metric of interest here is “Exchange Inflow,” which tracks transactions moving from self-managed wallets to exchange-linked addresses. The traditional form of this indicator measures the total amount of money deposited into the platform through these transfers. Nevertheless, the version of the indicator that…
Telegram Mini App Hamster Kombat’s cryptocurrency token continues to gain popularity despite the recent decline in the number of users for the Web3 game.On November 14, the Hamster Kombat team reported that daily spot trading volume for the Hamster Kombat (HMSTR) token reached $1.3 billion and perpetual trading volume reached $4 billion.On-chain token holder comparison. Source: Hamster CombatAccording to the Hamster Kombat team, there are currently 11 million token holders. “There are over 239 Yankee Stadiums full of hamsters who hold the token and believe in its value,” the team wrote in a statement.Community optimism about Hamster Kombat despite recent…
Negative sentiment is once again growing increasingly negative in the general cryptocurrency market, with the emergence of major digital assets such as: EthereumThe second-largest cryptocurrency has seen notable setbacks, slowing its new upward momentum. The sudden decline has led several cryptocurrency analysts to believe that the altcoin could soon face a prolonged bearish move. Ethereum Set to Enter Modification Phase IC News, an informative platform, has investigated the current price movement of Ethereum. offering Provides an insightful view of performance in the short term. After thorough research, the platform highlighted that ETH may face a temporary correction phase as market…
Jessie A. Ellis November 14, 2024 12:25 ElevenLabs partners with WorkHaven to provide AI-generated audio resources in nine languages to improve accessibility for domestic violence survivors in the Verdella program. ElevenLabs, known for its advanced text-to-speech (TTS) technology, has partnered with WorkHaven to improve access to recovery resources for survivors of domestic and family violence (DFV). Through the Verdella program, the partnership aims to overcome language barriers by providing audio guidance in nine languages, according to ElevenLabs. Breaking down language barriers with AI The Verdella initiative, managed by WorkHaven, provides essential support to DFV…
Robinhood has added XRP, SOL, ADA, and PEPE to its cryptocurrency offerings. The platform has expanded to support 19 cryptocurrencies for US customers. This move follows a transition to a more favorable regulatory environment. Robinhood made a significant move by adding XRP, Solana (SOL), Cardano (ADA), and Pepe (PEPE) to its cryptocurrency offerings. This expansion brings the total number of cryptocurrencies available for US customers to use on the platform to 19. The decision comes shortly after an election proposed a more favorable regulatory environment for the cryptocurrency industry. The new listing received an enthusiastic response from the cryptocurrency community.…
just alvin November 14, 2024 10:15 NVIDIA’s Blackwell platform delivers outstanding performance in the MLPerf Training 4.1 benchmark and improves AI training capabilities with significant GPU-specific improvements. According to the NVIDIA blog, NVIDIA’s Blackwell platform achieved remarkable results in the MLPerf Training 4.1 industry benchmark, setting a new standard, delivering outstanding results across a variety of workloads. The platform delivers up to 2.2x higher performance per GPU on large language model (LLM) benchmarks, especially on Llama 2 70B fine-tuning and GPT-3 175B pretraining. Leap with Blackwell The Blackwell architecture’s initial submission to the MLCommons…
Asset management giant BlackRock announced the expansion of BUIDL, the company’s on-chain money market fund, to five new blockchains. According to an announcement from real-asset tokenization company Securitize, a brokerage partner of BlackRock, BUIDL will support layer-1 blockchains Aptos (APT) and Avalanche (AVAX), as well as layer-2 scaling solutions Arbitrum (ARB), Optimism (OP), and Polygon (POL). There is this. Carlos Domingo, CEO and co-founder of Securitize, said: “We wanted to develop an ecosystem that was carefully designed to be digital and take advantage of tokenization. Real-world asset tokenization is expanding and we are excited to add these blockchains to increase…