According to analyst Jamie Coutts, the smart contract platform has reached an all-time high in active addresses despite the price correction, which is a good sign for the asset class. Citing active address data from analytics platform Artemis, Coutts said the current surge amid price declines is a positive sign. “The daily active addresses metric for the Smart Contract Platform (SCP) has reached an all-time high of 17 million, up from 5 million 12 months ago. The overall market value is down 35% since March, but up 63% from a year ago. This is a healthy correction in a long-term…
Author: Crypto Flexs
Read More
Polymarket, a decentralized prediction market platform, says Kamala Harris has a higher chance of winning the upcoming presidential election than Donald Trump.Harris’s multiplication The odds of winning the November election rose to 50% on Polymarket today, with Trump at 49%. That’s after Harris rose to 49%, briefly tying with Trump after Tuesday night’s debate, but Trump later retook the lead on Wednesday, 50% to 49%.The presidential debate between the two candidates has turned into a “news selling” event that stokes risk aversion amid consensus that Trump’s performance against Harris has fallen short of expectations.. ~ in PredictHarris’ odds of winning…
As September deepens, the cryptocurrency markets are once again not where many expected them to be. Bitcoin and altcoins have had a rough start to the month, and it’s easy to feel like they’re stuck in a red-day cycle. But what exactly is holding the market back, and is there still reason to be optimistic? One of the main reasons for the current market downturn is the strength and volatility of the US dollar. When the dollar is strong, riskier assets such as cryptocurrencies tend to fall as investors flock to safe havens. Over the past few months, the dollar…
Toncoin has experienced a price correction of 1.07% in the last 24 hours. Large volumes and active addresses signal a long-term bullish trend. Toncoin (TON) saw a 108% surge in the number of large transactions. Similarly, the number of active addresses jumped 35.13% from 2.44 million to 3.3 million. If the number of large companies identified as having increased market trading activity increases significantly, the TON price is likely to fluctuate significantly as well. Toncoin price prediction is… Toncoin price was approaching key levels at the time of writing after a massive bullish rally. The altcoin had rallied 22% over…
The U.S. spot Bitcoin exchange-traded fund (ETF) ended its two-day positive run on Wednesday with a daily net outflow of $43.97 million.According to SoSoValue data, Ark Invest and 21Shares’ ARKB reported the biggest outflows among ETFs yesterday, with $54.03 million in outflows. Grayscale’s GBTC recorded a net outflow of $4.59 million, while Bitcoin Mini Trust saw an outflow of around $511,230.Fidelity’s FBTC led the day’s inflows, with net inflows of $12.57 million, while Invesco’s BTCO saw $2.59 million in inflows. Seven other funds, including BlackRock’s IBIT, saw zero inflows for the day. IBIT has had no net inflows since August…
Jack Anderson Sep 06, 2024 05:40 VanEck’s ESPO ETF Q&A highlights the growth, challenges and key trends in the gaming and esports sector, predicting significant market expansion. VanEck’s recent Q&A blog provides valuable insight into the ESPO ETF, focusing on the growth prospects, potential challenges, and key industry trends in the gaming and esports sector. The blog highlights the criteria for ETF inclusion and provides a comprehensive view of the future trajectory of the market. Industry Challenges and Threats The gaming and esports industry faces several challenges as it moves toward future growth, including…
If you believe Ethereum’s legion of critics on X, the blockchain is dying. On one side, it’s being beaten as ultra-sound money by Bitcoin, and on the other, it is outdone by faster and cheaper transactions by Solana. Fee revenue for the layer 1 has “collapsed” by 99% in the past six months as “extractive L2s” steal all the users, transactions and fee revenue while paying virtually nothing to the base layer. That’s made ETH slightly inflationary again, with its price sliding. The L2s are siloed from one another, and each has a financial incentive to maximize its own revenue…
The UK government has introduced a bill to parliament that seeks to formally define crypto assets, including non-fungible tokens and real assets, as property. “Previously, digital property was not clearly within the scope of property law in England and Wales, leaving owners in a legal grey area when their assets were infringed,” Heidi Alexander MP, the Minister for Justice, wrote in a press release on Wednesday.Describing the bill as a “first in British history”, the department noted that there are currently two types of property in the UK: “possessions” (e.g. gold, money, cars) and “traits” (e.g. debts, shares). If passed,…
Lawrence Jengar Sep 06, 2024 06:17 Through Binance’s Learn & Earn program, KYC verified users can earn RAD rewards by completing blockchain courses and quizzes. Leading cryptocurrency exchange Binance has announced the launch of the next round of its ‘Learn & Earn’ program, which will give users the opportunity to earn RAD rewards by completing educational courses and quizzes on blockchain technology. According to Binance, the initiative will run from September 5, 2024, 09:00 UTC to September 19, 2024, 09:00 UTC. Eligibility and Participation All users who have passed KYC verification can participate in…
Kamala Harris and Donald Trump spark controversy with ‘unstable’ debate Both presidential candidates intentionally skipped the cryptocurrency discussion. Donald Trump-themed TRUMP coin falls 80% from all-time high The first presidential debate between Donald Trump and Kamala Harris sparked controversy across the country and beyond. As the first debate after President Joe Biden’s departure, the ABC-hosted event played into the sentiment surrounding political meme coins. Holders of the Trump-flavored MAGA (TRUMP) meme coin were shocked by the sudden plunge below $3, a level not seen since August 21, 2024. MAGA plummeted from $3.42 to $2.92 in about an hour, wiping out…