At press time, Ethena appeared to be preparing for a bullish turnaround after its price breached its 200-day SMA. Whale activity has been impacted after a large ENA deal surged more than 400% from $26 million to $142 million. Athena (ENA) It defied a bearish trend across the broader cryptocurrency market after rising 5% in 24 hours. At the time of reporting, ENA had a market capitalization of $0.36 and a market capitalization of $1.02 billion. Following this uptrend, ENA could be ready for a full-fledged reversal in its bearish trend. For example, on the 4-hour chart, the altcoin appeared…
Author: Crypto Flexs
Read More
james ding November 1, 2024 18:49 SuiNS announced its NS token distribution strategy focused on decentralization and community participation. The plan includes allocations for financial, contributor, and governance rewards. SuiNS has unveiled a comprehensive plan for NS token distribution, designed to enhance the decentralization of the platform and strengthen community governance. According to the Sui Foundation, this distribution strategy is the cornerstone of its long-term vision to ensure the sustainability and growth of the SuiNS ecosystem. Strategic allocation for long-term viability The NS token distribution plan includes issuing a total of 500 million tokens,…
Transak expands its North American presence with two operating licenses in Delaware and Canada. HighlightsTransak has acquired two money transfer service licenses in Delaware and Canada to legally provide cryptocurrency payment and onramp services to customers in those regions.The company previously received the same license in the US state of Alabama, expanding its presence nationwide.Transak’s long-term goal is to become a nationally recognized cryptocurrency payments company and offer its product line nationwide. Transak, a leading cryptocurrency payments company, has received operating licenses in the US state of Delaware and Canada to strengthen its presence in North America. according to The…
Bitcoin (BTC) fell below $69,000 on November 1, but the decline failed to sustain it lower. Solid buying by buyers pushed the price back above the $70,000 level, indicating a positive mood.As Bitcoin approaches its all-time high of $73,777, sellers are likely to step in. Short-term holders, who hold Bitcoin for up to 155 days, sent 54,352 Bitcoin to cryptocurrency exchanges on October 31, according to Glassnode data. Daily view of cryptocurrency market data. source: Coin360Even as traders speculate about Bitcoin’s short-term price movements, long-term investors are looking for ways to add more Bitcoin to their portfolios. MicroStrategy revealed plans…
Rebecca Moen November 1, 2024 17:55 Andrew Hall analyzes digital voting in blockchain startups to reveal trends in liquid democracy and how user-friendly interfaces impact participation. Liquid democracy, a new approach to representative governance, is gaining attention in the blockchain space. Stanford researcher Andrew Hall examined how blockchain startups can leverage digital voting mechanisms to facilitate high-stakes decision-making. His research, shared by a16z crypto, includes a comprehensive study of over 250,000 voters and over 1,700 proposals across 18 decentralized autonomous organizations (DAOs) within the web3 ecosystem. Understanding Liquid Democracy Liquid democracy combines elements of…
A major cryptocurrency asset manager is working on the Solana ETF. If SOL is approved, it will become the second altcoin to hit the ETF market. Solana’s DeFi thrived to a TVL of $6.26 billion, rebounding to early 2022 levels. Canary Capital, an Australian cryptocurrency asset manager, surprised the cryptocurrency world by introducing an exchange-traded fund (ETF) product based on Solana (SOL). The Form S-1 registration was filed on the tables of the Securities and Exchange Commission (SEC) in Washington on October 30, 2024.First Solana ETF Competition AcceleratesWith this move, Canary Capital joins the fray among other large digital asset…
Don’t you really like it when the guy you like suddenly decides he’s a werewolf? It’s as if an underbite, a bad dental situation, or borderline body hair aren’t enough red flags to knit a sweater. Really, what do I have to do with the bad guys? I obviously can’t get enough of them, even though Halloween is already full to the bone. But True Blood has been weaving its horror theme for seven seasons, so why let something as small as the end of October get in the way of the good old lycanthropic chaos? Fangtastic Freespins slot is…
Felix Pinkston November 1, 2024 15:49 Canaan Inc. announced a significant contract with CleanSpark to supply 3800 Avalon A1566I miners to strengthen CleanSpark’s submerged mining operations and increase efficiency. Canaan Inc. (NASDAQ: CAN), a prominent provider of high-performance computing solutions, announced a bulk order for the Avalon A1566I miner from new customer CleanSpark Inc. According to PRNewswire, this partnership is an important step for both companies to advance their capabilities in the Bitcoin mining sector. contract details Under the purchase agreement, Canaan US Inc., a wholly owned subsidiary of Canaan Inc., will supply 3800…
Bitcoin (BTC) has rebounded from lows below $69,000 on November 1 as shocking US employment data sparked dollar volatility.BTC/USD 1-hour chart. Source: TradingViewBitcoin Losses Reduce due to Declining U.S. EmploymentData from Cointelegraph Markets Pro and TradingView showed a rebound in BTC prices following the October non-farm payrolls data.This fell dramatically short of expectations, with the economy adding just 12,000 jobs compared to the 106,000 expected. The figures for September and August were also revised significantly downward to 31,000 and 81,000, respectively.Conversely, the unemployment rate reached the target of 4.1%.“This is the lowest number of U.S. jobs added since July 2021.…
The widely respected analyst and trader is bullish on blockchain oracles built on the Solana (SOL) ecosystem and is offering his outlook for Bitcoin (BTC) and Dogecoin (DOGE). Alien cryptocurrency trader Bluntz told his 290,400 followers on social media platform X that the native token of Solana-based blockchain oracle Pyth Network (PYTH) is poised for a strong bullish move. “God’s Candle is loading on PYTH. Perfectly round bottom accumulated over 3 months. Currently, as far as build-up resistance goes (just below the $0.50 price), the final boss is tempting, and once it’s cleared, there’s clear skies ahead. I think Solana…