Tony Kim October 31, 2024 11:39 Flow Traders will join Wormhole’s network to power multi-chain swaps, providing improved liquidity and speed. The goal of this collaboration is to improve cross-chain transactions through a composable intent platform. Flow Traders, a prominent trading company, has entered into an official partnership with Wormhole’s network of solvers to improve its recently launched Composable Intents platform. According to Wormhole, this strategic move aims to improve the efficiency, liquidity and cost-effectiveness of multichain token swaps. Understanding composable intents The Composable Intent Platform represents a new approach to cross-chain transactions, enabling…
Author: Crypto Flexs
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Chainlink appears to be closing in on the important $13.01 resistance within a symmetrical triangle. Rising technical indicators and open interest indicate a possible breakout if resistance is breached. Chainlink (LINK) It caught the attention of the cryptocurrency community after it started consolidating within a large symmetrical triangle pattern on the daily charts. This formation, often a sign of upcoming volatility, brings LINK closer to triangle resistance around $13.01. Violation of this critical level could unlock bullish momentum, fueling LINK’s next rally. At press time, LINK was trading at $12.00 following a daily gain of 4.55%. Therefore, a decisive breakout…
Chainlink appears to be closing in on the important $13.01 resistance within a symmetrical triangle. Rising technical indicators and open interest indicate a possible breakout if resistance is breached. Chainlink (LINK) It caught the attention of the cryptocurrency community after it started consolidating within a large symmetrical triangle pattern on the daily charts. This formation, often a sign of upcoming volatility, brings LINK closer to triangle resistance around $13.01. Violation of this critical level could unlock bullish momentum, fueling LINK’s next rally. At press time, LINK was trading at $12.00 following a daily gain of 4.55%. Therefore, a decisive breakout…
Bitcoin should avoid “regional highs” as institutions flock to U.S. spot Bitcoin exchange-traded funds (ETFs).In a thread about X on October 30, analyst Mark Cullen warned of potential “ETF FOMO.”Bitcoin ETF Inflows Receive Mixed ReactionsInstitutional investors are pouring hundreds of millions of dollars of net inflows into US spot Bitcoin (BTC) ETFs every day.The latest data, from sources including UK-based investment firm Farside Investors, tallied nearly $900 million as of October 30 alone. This is the second largest amount ever.US spot Bitcoin ETF Netflow (screenshot). Source: Farside InvestorsBut for those who have been in the market for a long time,…
Cryptocurrency investors have seen a significant increase in Korea, along with the profitability of the country’s digital asset exchanges.The number of domestic cryptocurrency investors in the first half of 2024 was 7.78 million, an increase of more than 21% compared to 645 million in the second half of 2023.As the number of investors increases, the cumulative operating profit of the top 21 domestic centralized exchanges (CEXs) exceeds KRW 5.9 trillion (USD 4.2 billion), an increase of more than 106% year-on-year (YoY). The contents of the National Financial Services Commission were shared in local media reports.Rising retail investors are a bullish…
With US Election Day casting a long shadow, BTC is teetering on the edge of chaos, and the possibility of a new Bitcoin all-time high seems very real. Traders are on red alert with options markets hinting at a sharp 10% move – a cool $7,000 move – as the election drama between former President Donald Trump and Vice President Kamala Harris unfolds. It is a mixture of political and economic storms. Here’s what you need to know about how the options market is impacting Bitcoin’s all-time high. Bitcoin’s highest price ever? Reading the Tea Leaves of the Options Market…
Timothy Morano October 31, 2024 08:28 GalaChain will introduce a diverse range of reward tokens across its ecosystem to enhance user engagement and provide multiple ways to earn tokens through gameplay and platform interaction. As blockchain technology continues to advance, GalaChain has emerged as a key player in the development of reward tokens within the ecosystem. According to Gala News, the platform has significantly expanded its token offering by moving beyond its initial ERC-20 tokens to a broad range of fungible tokens. A legend is reborn The Legends Reborn platform offers players the following…
Dogecoin (DOGE) price surged more than 75% in October, reaching $0.172 ahead of the month’s close, its highest level since May 2024.Memecoin’s gains were largely due to Elon Musk, who spoke at Donald Trump’s New York campaign rally on Oct. 27 where he discussed plans to save taxpayers $2 trillion through his idea agency, the Department of Government Efficiency. These are the same initials as the Dogecoin ticker, DOGE.Dogecoin is now showing a technical pattern that could lead to a price surge above $1.DOGE has emerged from a three-year symmetrical triangle.The potential for Dogecoin to reach $1 in the current…
OKX Ventures launches $10 million Telegram growth hub. The fund focuses on onboarding, trading, and mini-apps. The TON ecosystem is showing rapid growth. After integration with Telegram messenger, the TON (Open Network) ecosystem is growing rapidly. Currently, the ecosystem reaches millions of users on the Telegram platform. Recent investments from OKX Ventures and partners promise to support further expansion. OKX Ventures has teamed up with The Open Platform (TOP) and Folius Ventures to secure $10 million for TON startup. OKX Ventures supports TON ecosystem with $10 millionThe TON ecosystem is making significant progress. On Wednesday, October 30, OKX Ventures announced…
Wang Long Chai October 29, 2024 17:26 As reported by Gala News, GalaSwap has evolved into GalaConnect, providing seamless Ethereum connectivity, dynamic fees, and improved account management within the GalaChain ecosystem. GalaSwap, an innovative platform within the GalaChain ecosystem, is undergoing significant changes as it evolves into GalaConnect. According to Gala News, this upgrade introduces dynamic fees and improved account management features along with seamless connectivity between GalaChain and Ethereum. Cross-chain bridging using dynamic fees With the new upgrade, users can now bridge assets from GalaChain to Ethereum and enjoy dynamic bridge fees that…