The Ethereum consolidation shows a decline in whale interest as the market struggles with uncertainty. Assess the state of demand as exchange flows fall to 2024 lows. Ethereum (ETH) has been stuck in a consolidation phase for the past three months. But is there any chance of a breakout from the flat zone in November? Let’s take a look at how ETH has been paired so far. Ethereum has dashed bullish expectations since August after its price failed to make a significant recovery after slumping since May. However, the lower highs since August suggest significant accumulation over the past three…
Author: Crypto Flexs
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Wang Long Chai November 1, 2024 07:37 Tether’s Q3 2024 report highlighted its financial strength by disclosing nine-month revenue of $7.7 billion, US Treasury holdings of $102.5 billion, and buffer reserves of $6 billion. Tether Holdings Limited has announced its third quarter 2024 certification conducted by global accounting firm BDO, confirming the accuracy of its consolidated financial figures and reserve reports. According to Tether, the certification highlights Tether’s strong financial performance, including revenue of $7.7 billion over nine months and group assets of $14.2 billion. Record Financial Milestones In the third quarter of 2024,…
Bitcoin (BTC)’s rejection from near all-time highs earlier in the week may have prompted short-term traders to book profits. Despite the price dropping close to $68,000, analysts remain positive on the market. They expect Bitcoin to find support between $65,000 and $68,000.The next major event for the cryptocurrency market is the US election. In a market report, David Lawant, head of research at FalconX, said volatility could increase “if the outcome is too close to call and too much time takes to reach the outcome.” Daily view of cryptocurrency market data. source: Coin360WonderFi President and CEO Dean Skurka said in…
Bitcoin (BTC)’s rejection from near all-time highs earlier in the week may have prompted short-term traders to book profits. Despite the price dropping close to $68,000, analysts remain positive on the market. They expect Bitcoin to find support between $65,000 and $68,000.The next major event for the cryptocurrency market is the US election. In a market report, David Lawant, head of research at FalconX, said volatility could increase “if the outcome is too close to call and too much time takes to reach the outcome.” Daily view of cryptocurrency market data. source: Coin360WonderFi President and CEO Dean Skurka said in…
River Protocol Acquires Llama to Strengthen On-Chain Governance for Decentralized Communications Products – Chainwire housenewsroomRiver Protocol Acquires Llama to Strengthen On-Chain Governance for Decentralized Communications Products We use cookies to make Chainwire’s website a better experience. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over electronic communications networks. Technical storage…
Cryptocurrency markets suffered across the board this week. Some cryptocurrencies rose slightly, but bearish sentiment still remains. The market showed increasing volatility amidst downward pressure. Recent market activity has been unkind for most cryptocurrencies due to significant price declines. A whopping 80% of the top 10 digital assets recorded losses last week. This trend is once again producing mixed results, painting a bleak picture for investors who were hoping for stability due to the general unpredictability of the market. Only two major players finished in positive territory, highlighting the selective nature of this week’s gains. But for the majority, it…
Bitcoin price fluctuates depending on the odds of Trump and Harris in the US presidential election. A new meme coin index fund called Vantard provides exposure to high-growth meme coins. Vantard’s Meme Portfolio (VMP) allows investors to benefit from the “memecoin supercycle” with minimal effort. With markets in turmoil and the US election being more contested than expected, cryptocurrency traders are changing their strategies to manage risk and profit. Vantard’s Meme Portfolio (VMP), Solana’s unique index fund for top meme coins, is increasingly gaining attention as a way to ride out market volatility. Designed to capitalize on the current “memecoin…
Caroline Bishop November 1, 2024 08:01 GalaChain plans to transform into a decentralized platform through a four-stage roadmap to increase scalability and attract developers from various industries. According to Gala News, GalaChain is embarking on a revolutionary journey towards full decentralization. The blockchain platform has released a decentralization whitepaper outlining a comprehensive four-step roadmap designed to transform GalaChain from a centralized model to a decentralized model. Decentralization: A fundamental change Initially, GalaChain’s centralized infrastructure was pivotal in scaling layer 1 blockchains, providing the robustness needed to support external developers in the gaming, music, and…
The CEO of digital asset insights firm CryptoQuant said stablecoins are seeing increasing adoption through expanding use cases. CryptoQuant’s Kiyoung Joo told his 368,500 followers on social media platform According to data from Onchain analysts, only about one in five stablecoins are being used to buy or sell cryptocurrencies. “In September 2021, exchange stablecoin holdings exceeded $30 billion. From this point on, we judged that the stablecoin market had grown sufficiently, so we decided that comparison from now on was appropriate. The current stablecoin market capitalization is $166 billion, primarily used for storage or remittance, with only 21% held on…
james ding November 1, 2024 08:28 The study investigates how trade order policies affect arbitrage profitability in Ethereum Layer 2 solutions, highlighting the effectiveness of time advantage strategies. Recently exploring layer 2 solutions on Ethereum, researchers investigated how different trade order policies affect arbitrage opportunities. The study, authored by academics including Akaki Mamageishvili, Offchain Labs’ Ed Felten and others, examined the potential profitability of arbitrage strategies when time advantages are auctioned for inclusion of transactions in layer 2 networks, according to Offchain Labs. Research Methodology This study outlines three scenarios to evaluate the impact…