Phantom seemed to be showing a strong decline on the daily chart OBV has fallen below its November low and the next downside price target is $0.5. At the time of this writing, Fantom (FTM), soon to be rebranded as Sonic, had a bearish outlook in terms of technical analysis. Price action has been very bearish over the past month. In fact, it recorded a 52.6% loss in just 26 days. FTM will see a 1:1 token swap for the new Sonic Token S on Binance. The strategic plan to introduce Sonic as a new layer 1 blockchain, promising 10,000…
Author: Crypto Flexs
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Zug, Switzerland, January 11, 2025, Chainwire Viewers will discover how blockchain technology can help indie developers innovate and overcome industry challenges. “Blockchain Gaming – Indie Games On-chain,” a Web3 documentary about indie games and the Polkadot ecosystem, officially debuts on Saturday, January 11th at 9AM ET. This film takes an in-depth look at the intersection of indie game development and blockchain technology. Directed by an award-winning photographer, the Pnin film serves as an accessible exploration of the fast-growing Web3 gaming industry. This documentary introduces the possibilities of Web3 gaming and explores the innovations and opportunities it presents to both players…
lawrence jenga January 10, 2025 08:21 The 2025 Bitwise/VettaFi Benchmark Survey shows growing enthusiasm among financial advisors for cryptocurrency investments, with notable increases in allocations and client interest. Surveys show growing enthusiasm for cryptocurrencies. The recently released Bitwise/VettaFi 2025 Benchmark Survey highlights a significant shift in financial advisors’ attitudes toward cryptocurrency investing. According to Bitwise Investments, a survey conducted shortly after the 2024 US election found that 56% of advisors are more willing to invest in cryptocurrencies in 2025 due to the election results. This is a pivotal moment for the cryptocurrency market, with…
Decentralized finance (DeFi) stablecoin issuer Usual Protocol responded to community backlash after its staked stablecoin USD0++ fell sharply from $1 on Friday, January 11. On January 9, USD0++ reached $0.92 after falling to $0.89 due to the introduction of a new minimum price mechanism and exit option.The protocol team has now introduced a series of measures, including early activation of the “Revenue Switch”, to address user concerns and stabilize the ecosystem.The revenue transition, starting January 13, will allow Usual Protocol to share real-world assets and revenue from protocol operations with the community. The team expects to generate approximately $5 million…
no way recent reports Bitwise and VettaFi found that 56% of financial advisors are more likely to invest in cryptocurrencies this year, with the 2024 US election outcome driving sentiment.Skyrocketing cryptocurrency prices and increased regulatory clarity in 2024 will lead to greater interest from both clients and advisors. In 2024, 96% of advisors handled client inquiries about cryptocurrencies, up from 88% in 2023.Additionally, the percentage of advisors allocating cryptocurrencies to client portfolios doubled year-over-year, from 11% in 2023 to 22% in 2024. Institutional investors (30%) and registered investment advisors (RIAs) (28%) were most likely to allocate cryptocurrencies, followed by wirehouse…
The cryptocurrency market has yet to find a footing to sustain the mentioned rally in the fourth quarter of 2024. With Bitcoin currently stuck below $95,000, many altcoins are struggling to make significant gains. Nonetheless, BeInCrypto analyzed three cryptocurrency tokens that performed better than their top coins this week. XDC Mainnet (XDC) XDC price has surged 21% over the past week, rising to $0.102 and breaking the critical resistance of $0.097. This significant rise shows growing investor interest and strong market momentum, putting the altcoin in a position to rise further if support levels remain intact. XDC’s next target is…
Yorg Healer January 10, 2025 09:30 CoreWeave has appointed Karen Boone as an independent board member, strengthening her leadership with extensive corporate governance experience. CoreWeave, a leader in AI cloud solutions, announced the appointment of Karen Boone as an independent member of its Board of Directors. Boone, a seasoned executive, will bring extensive experience in financial management and corporate governance to the role starting in January 2025, according to CoreWeave. Boone’s extensive experience Karen Boone’s career is marked by holding significant leadership roles in major corporations. She most recently served as Interim Co-CEO and…
January 10th What is Ethereum’s Pectra Upgrade? Post time: 14:19h education by admin The upcoming Ethereum Pectra upgrade, scheduled for early 2025, represents a major milestone in Ethereum development focused on improving usability, scalability, and efficiency. To mitigate risk, the upgrade, split into two phases, combines improvements to the execution layer (Prague) and consensus layer (Electra). Key features include advanced account abstraction that allows users to pay gas fees with ERC-20 tokens, flexible staking by increasing the validator balance limit from 32 ETH to 2,048 ETH, and important features such as Verkle trees and Peer Data Availability Sampling (PeerDAS). Includes…
Jessie A. Ellis January 10, 2025 09:55 CoreWeave has appointed Sandy Venugopal as Chief Information Officer (CIO) to lead its IT and digital transformation strategy and drive innovation and growth. CoreWeave, a prominent leader in AI and cloud infrastructure, announced the appointment of Sandy Venugopal as its new Chief Information Officer (CIO). With a strong background in technology leadership and digital transformation, Venugopal will lead CoreWeave’s IT and digital transformation strategy, which aims to support the company’s rapid growth and expansion needs, according to PRNewswire. experienced leadership Venugopal has over 20 years of experience…
A widely known cryptocurrency trader has warned that Bitcoin (BTC) could suffer a sudden collapse if it loses a key support level. The trader, who goes by the pseudonym Altcoin Sherpa, told his 239,300 followers on social media platform He also said Bitcoin could remain weak until the U.S. government decides what to do with the bitcoin it seized from the Silk Road darknet market, after reports emerged this week that it was legally permitted to sell more than 69,000 BTC. “BTC: Maybe we will see endless TWAP (time weighted average price) for now and no bidders until this stupid…