According to an announcement on November 6, blockchain analytics firm Arkham Intelligence has launched a cryptocurrency derivatives exchange. The exchange will reportedly target retail traders and compete with established platforms such as Binance. Arkham said in a post on theTrading is scheduled to begin next week, but people in the U.S. will not be able to do so, Arkham said.Source: ArkhamThe cryptocurrency derivatives market is growing explosively, driven primarily by the trading activity of individual investors. According to a report by CCData, cryptocurrency derivatives trading volume surpassed $3 trillion in September. That’s up from about $1.5 trillion a year ago.…
Author: Crypto Flexs
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U.S. Senator Cynthia Lummis, long known as the “crypto queen” of Capitol Hill, has thrown a financial twist into the post-election buzz by announcing her intention to establish a strategic Bitcoin (BTC) reserve. source: Senator Cynthia LoomisThe bold move, declared just hours after Donald Trump was re-elected as US president, could redefine America’s fiscal strategy, but at the same time raises questions about its feasibility, impact on US debt, policy barriers and market volatility.Historically, the United States has relied heavily on its gold reserves to stabilize and strengthen the dollar. As of September 2024, the United States holds approximately 8,133…
Senator Cynthia Lummis reaffirmed plans to create a strategic Bitcoin reserve in the United States, just hours after Donald Trump won the presidential election. Progress in Congress on a national strategic Bitcoin (BTC) reserve could accelerate as the Associated Press, Fox News and NBC declare Republican candidate Donald Trump the winner of the presidential election. Lummis’ November 6 tweet reminded the public of the country’s plan to use the country’s $12 billion Bitcoin reserve as a reserve asset and a potential solution to the country’s growing debt crisis. We plan to build strategic Bitcoin reserves 🇺🇸 🇺🇸 🇺🇸— Senator Cynthia…
On the day of the election, Polymarket’s trading volume and volume surged. Polygon’s DApp load handling has been praised. This is not the first time the network has shown significant load capacity. Polymarket has undoubtedly been the star of the U.S. election, but there may be one overlooked hero. This is Polygon (POL), the network that supports the application. But on Election Day, the network’s contribution to the success of groundbreaking cryptocurrency applications can no longer be ignored. “The unsung hero” During the US election cycle, Polymarket became increasingly popular. This rise in popularity has also led to a surge…
Cryptocurrency mining stocks such as Marathon Digital, Riot Blockchain, and Hut 8 Corp have experienced a pre-market bounce since Donald Trump’s decisive election victory. HighlightsTrump’s victory has sparked strong optimism across Wall Street, with investors hoping for a supportive regulatory environment for the Bitcoin mining industry. The market rally extended globally, with Argo Blockchain rising 14% on the London Stock Exchange.In the US, companies like MicroStrategy and Coinbase also saw significant gains of over 13% pre-launch. Cryptocurrency mining companies and other cryptocurrency stocks began a strong rebound in Tuesday’s pre-market trading session, following Donald Trump’s decisive victories in both the…
Wang Long Chai November 6, 2024 19:37 Chaos Labs introduces Edge AI Oracle, leveraging LangChain and LangGraph to revolutionize prediction markets with a multi-agent system for accurate and transparent query resolution. Chaos Labs announced the alpha release of Edge AI Oracle, a sophisticated multi-agent system designed to improve the efficiency of prediction markets. According to LangChain, the system, built using advanced features of Large Language Models (LLMs), aims to provide accurate, traceable, and reliable solutions to a wide range of queries. How Edge AI Oracle Works Edge AI Oracle is powered by the AI…
Bitcoin (BTC) soared more than 1,900% during Donald Trump’s first term as US president from November 2016 to November 2020. This comes despite his critical stance on cryptocurrencies at the time, with his famous 2019 tweet calling BTC “highly volatile” and claiming its value is “based in thin air.”BTC/USD daily price chart. Source: TradingViewHowever, President Trump’s second term is expected to be more favorable to the cryptocurrency industry, with his pledge to turn the United States into a ‘Bitcoin superpower’ and ease regulations to foster the cryptocurrency industry.Trump’s election victory, expected on November 6, has already helped push Bitcoin to…
The Sui (SUI) ecosystem altcoin is suddenly soaring with support from Binance. In a new announcement, the world’s largest cryptocurrency exchange platform revealed that it will add trading support for Cetus (CETUS), a decentralized exchange (DEX) and centralized liquidity protocol, to the Sui blockchain. According to Binance, CETUS will open spot trading and futures contracts for USDT trading pairs starting Wednesday, with withdrawals allowed starting Thursday. CETUS, the project’s underlying asset, was blown away by the news of the listing. CETUS rose 109% from Monday’s low of $0.163 to Tuesday’s high of $0.341. As of this writing, CETUS is currently…
Louisa Crawford November 6, 2024 20:00 Injective’s October 2024 update shows significant advancements in the blockchain, ecosystem, and community sectors aimed at integrating traditional and decentralized finance. According to Injective’s official blog, October 2024 marked a period of significant progress for Injective with significant updates across blockchain, ecosystem, and community sectors. These developments are part of Injective’s ongoing efforts to bridge the gap between traditional finance (TradFi) and decentralized finance (DeFi). Key developments in October Injective’s latest updates focus on strengthening the fundamentals of the platform. These improvements aim to provide users with more…
GOAT has a bullish low term market structure. The DMI index showed a strong upward trend underway. Goatceus Maximus (GOAT) is up 56% in 32 hours and is likely to rise further. Mimcoin, which has a market capitalization of $722 million, has been in a retracement phase for the past 10 days, but has been on a rapid upward trend since November 4th. Trading volumes have also been on the decline, but things are starting to change. On lower time frames, upward momentum strengthened and capital flows increased. Goatseus Maximus begins an upward trend. Source: GOAT/USDT on TradingView The market…