According to cryptocurrency analysis company Glassnode, the volume of transactions on the Solana blockchain has recently exploded, surging several times more than the entire SOL market capitalization. Glassnode reported that SOL recorded $224 billion worth of transfer volume in a single day, which is nearly three times the asset’s market capitalization of approximately $78 billion at the time of this writing. Describe the company, “This surge was driven by highly active wallets using multiple accounts. This wallet, believed to be an arbitrage bot, saw increased activity in early October and is likely responsible for the recent fee increase discussed by…
Author: Crypto Flexs
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Memecoin, like Dogecoin (DOGE), Dogwifhat (WIF), and Brett (BRETT), was among the best-performing cryptocurrencies on November 6, highlighting Trump’s enthusiasm for pushing the cryptocurrency market.Memecoin market capitalization reaches its highest level in 7 months.Memecoin’s recent rise helped the sector’s overall market capitalization reach a seven-month high of $66.72 billion on November 6. The last time Memcoin’s market capitalization exceeded $66 billion was on April 1, when it reached a peak of $69.8 billion. The total market capitalization of cryptocurrencies in this sector increased by 21% in the last 24 hours.Memecoin market capitalization and daily trading volume. Source: CoinMarketCapTotal daily trading…
Yorg Healer November 6, 2024 06:11 Binance is introducing new APR rewards offering 16.2% for FDUSD pegged products and 7% for EURI flexible products for a limited promotional period. Leading cryptocurrency exchange Binance has announced an attractive opportunity for users to earn significant Annual Percentage Rate (APR) rewards through the Simple Earn program. According to Binance, participants can earn APRs of up to 16.2% for FDUSD fixed-rate fixed products and up to 7% APR for EURI flexible products. This promotion runs from November 6, 2024 to November 19, 2024, and is available on a…
Binance, the largest cryptocurrency exchange by trading volume, announced plans to list Cow Protocol (COW) and Cetus Protocol (CETUS) tokens. Trading begins on a selected list of spot trading pairs. Please note that accessibility to these tokens for trading on Binance may vary depending on your eligibility based on your country or region of residence. Binance New Listings: COW and CETUS Traders will be able to trade COW and CETUS for USDT starting Wednesday, November 6 at 12:00 UTC. But before then, COW and CETUS holders can already deposit their tokens in preparation for trading, with withdrawals available starting Thursday.…
Caroline Bishop November 6, 2024 06:47 Animoca Brands hosted the GEN3 Playground event in Hong Kong, welcoming over 1,000 attendees to explore Web3, gaming and digital property. Animoca Brands announced the successful completion of its GEN3 Playground event, marking a significant milestone in the Web3 industry. Held at K11 MUSEA in Hong Kong on 1-2 November 2024 as part of Blocktober 2024, this consumer-focused event gathered more than 1,000 participants eager to explore the world of Web3, gaming and digital property rights. Event Highlights and Participation GEN3 Playground was designed to celebrate Animoca Brands’…
Bangkok, Thailand, November 6, 2024, ChainwireAI UGC social metaverse MEET48 announced its sponsorship of ‘W2140 Bangkok World AI + WEB3 Expo’ on November 6. Co-hosted by SNH48 Group and W2140 EXPO, the expo will be held at the Bangkok International Trade and Exhibition Center from November 12 to 14, 2024 and will showcase excellent projects in the fields of metaverse, AI technology, and cutting-edge blockchain. Technology and WEB3 ecosystem.According to reports, MEET48’s COO Kai Xu will give a brand presentation on the integration of idol entertainment and cryptocurrency industries on the Expo main stage from 15:20 to 15:40 on November…
Analysts and historical chart patterns suggest Bitcoin is headed for a post-election breakout, but the most immediate hurdle is trading above $70,200.Analyst Says Bitcoin Is Poised for a Post-Election BreakoutBitcoin (BTC) price is likely to rebound after the 2024 US presidential election.Bitcoin Trader Mr. According to a chart shared by Anderson in anBitcoin/USD, 1-week chart, post-election rally. Source: Mr. Anderson/XOther analysts expect post-election volatility to push Bitcoin to new all-time highs. In particular, Bitfinex analysts predict that Bitcoin will rise to $80,000 by the end of 2024, driven by the options market structure and the prospect of a Republican presidential…
Polkadot continued its long-term decline and hovered around multi-year lows. For DOT to restore its bullish outlook, it will need to find a decisive close above the 20-day and 50-day EMAs. The recent price action of Polkadot (DOT) has revealed a steep bearish trend. The altcoin approached long-term support levels and returned to 2020 levels. DOT is trading around $3.85 at press time, up nearly 2% in the last 24 hours. However, the overall trend remained weak. With continued selling pressure, will buyers be able to find the momentum to regain critical resistance levels? DOT fights close to key support…
Once hailed as a financial expert with impressive credentials, Gensler quickly became known as a “crypto-crusher.” Under his watch, the SEC began cracking down on more cryptocurrencies than a gamer on a caffeinated side quest. One Bitcoin holder famously said, “If Gensler could regulate monopoly money, he would.” Trump’s bold promise: “I’ll fire Gensler.” Meet President-elect Trump with an agenda that is anything but subtle. During the 2024 campaign, Trump promised to remove Gensler from his position if elected. At the Bitcoin 2024 conference, he declared that he would “fire SEC Chairman Gary Gensler on day one,” making it clear…
Louisa Crawford November 6, 2024 07:20 Binance announced the removal of several spot trading pairs due to factors such as lack of liquidity. The changes take effect from November 8, 2024 and affect trading bot services. In a move to maintain a high-quality trading environment, Binance announced the removal of several spot trading pairs starting November 8, 2024. According to Binance, this decision follows regular reviews that identified issues such as low liquidity and trading volume. Impact on Trading Bot Services Binance will discontinue spot trading bot services for the affected pairs at 03:00…