Memecoin, built on the Solana (SOL) blockchain, has received support from Binance, the world’s largest cryptocurrency exchange platform by trading volume. In a new announcement, Binance said Monday that it is adding a futures contract for the monkey-themed PONKE (PONKE). Binance says: “To expand the trading selection available on Binance Futures and improve the trading experience for users, Binance Futures will launch the PONKEUSDT perpetual contract with up to 75x leverage on 2024-11-04 12:30 (UTC). no see.” PONKE is also listed on several cryptocurrency exchanges, including Bybit, Kraken, KuCoin, Crypto.com, and Revolut. Last month, the project announced the launch of…
Author: Crypto Flexs
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Darius Varu November 4, 2024 19:30 Learn how grants from the Tezos Foundation are driving Web3 innovation in gaming, DeFi, and the arts. Take a look at projects like Taquito, Signatory, and Sugar Gaming. The Tezos blockchain continues to make great strides in the Web3 environment with the latest grants supporting a variety of projects. According to Tezos, the foundation is committed to advancing technology in areas such as gaming, decentralized finance (DeFi), and art through strategic fundraising initiatives. Tezos Taquito Leading this grant cycle is ECAD Labs, which is working on the Taquito…
Bitcoin (BTC) price saw a sharp 8% correction between October 29 and November 3, briefly falling to $67,446 over the weekend. While the higher time frame (HTF) market structure remains bullish for BTC, the market is expecting a volatile trading session ahead of the US presidential election results on November 5. Bitcoin’s current upward trend dates back to the low formed on September 6 at $52,510. Since then, each BTC correction during the higher high (HH) and higher low (HL) structures has retested the Fibonacci “golden zone” between 0.5 and 0.618. . The chart below shows Bitcoin exhibiting similar behavior…
Tether CEO made the company’s position clear on the official blockchain. USDT strengthens its position in the stablecoin sector by hitting a new high of $120 billion. Tether CEO Paolo Ardoino was in the news today after denying claims that the stablecoin issuer was building an official blockchain, the “Tether Chain.” Ardoino responds to claims made by X (formerly Twitter). clarify The company is supporting some L2s who choose USDT as payment for gas fees. “You rarely hear a rumor about the Tether chain. Tether currently has no plans to build an official blockchain. Simply put, other independent L2 solutions…
UAE-based cryptocurrency exchange M2 suffered a loss of $13.7 million in digital assets due to a serious security breach.The exchange said in a statement on November 1 that the incident occurred around 3:16 a.m. on October 31, and that although its team responded quickly to the attack, the breach still resulted in significant asset loss.The exchange provided limited details about the breach, but blockchain security firm Cyvers said the theft occurred from three addresses on the Bitcoin, Ethereum, and Solana networks.Cybers explained that he received approximately $3.7 million in USDT, $97 million in SHIB, and 1,378 ETH from a suspicious…
Yorg Healer November 4, 2024 16:28 Learn about the rise of Memecoin, its impact on modern finance, and how it reflects changing investment trends. Discover Binance Research’s insights into this speculative yet influential market. The rise of memecoins has become a notable trend in the cryptocurrency landscape, capturing the attention of retail investors and financial analysts alike. According to Binance Research, this phenomenon reflects broader changes in investment strategies and cultural significance within the digital economy. Memecoins: High-Risk, High-Reward Investment In a world where global money supply is rapidly expanding, risky investments have gained…
Ethereum (ETH) has recovered above $2,500 on several occasions since the cryptocurrency sold off in early August, but has been unable to maintain above this critical price level. ETH Price Eyes Six Straight Red Daily CandleMarket participants expected spot Ethereum exchange-traded funds (ETFs) to push the price of ETH higher when trading begins on July 23. As of this writing, Ether has been in the red for six consecutive days and $2,500 is showing strong resistance. Meanwhile, several technical and on-chain indicators are pointing to further corrections.Let’s take a closer look at what is hurting the price of ETH and…
Ethereum (ETH) has recovered above $2,500 on several occasions since the cryptocurrency sold off in early August, but has been unable to maintain above this critical price level. ETH Price Eyes Six Straight Red Daily CandleMarket participants expected spot Ethereum exchange-traded funds (ETFs) to push the price of ETH higher when trading begins on July 23. As of this writing, Ether has been in the red for six consecutive days and $2,500 is showing strong resistance. Meanwhile, several technical and on-chain indicators are pointing to further corrections.Let’s take a closer look at what is hurting the price of ETH and…
Key Takeaways Justin Sun and Andre Cronje claim that Binance charges no listing fees while Coinbase charges up to $300 million. According to the Moonrock Capital CEO, Binance requires a significant portion of the project’s total token supply as a listing fee. Share this article Tron founder Justin Sun and Fantom Network founder Andre Cronje claimed that Binance does not charge any fees for token listings. In contrast, Coinbase has charged millions of dollars for similar services, contradicting Coinbase CEO Brian Armstrong’s public statements that listings are free.The controversy surrounding Coinbase and Binance’s listing fees stemmed from a post by…
Louisa Crawford November 4, 2024 13:28 xAI introduces an API that gives developers access to Grok-based models. The API is compatible with OpenAI and Anthropic, making migration easy. Artificial intelligence company xAI has announced the launch of an API that gives developers programmatic access to Grok series-based models. According to x.ai, this development is an important step for xAI as it opens up new possibilities for developers to leverage Grok’s capabilities in their applications. Details of the Grok model The public beta release includes a preview of a new Grok model, tentatively named grok-beta,…