One altcoin running on the Ethereum (ETH) network is seeing huge gains following the launch of a new blockchain in the ecosystem. ApeCoin (APE), the digital asset associated with the Bored Ape Yacht Club (BAYC) Non-Fungible Token (NFT) collection, soared to $1.74 on Monday, a 135% surge in value form Saturday. APE began its rally on Sunday with the launch of Apechain. Apechain, a project led by Yuga Labs, which developed APE, allows for staking of ApeCoin tokens and expands the Bored Ape Yacht Club ecosystem. Elena, a pseudonymous analyst, says: “Apechain facilitates NFT mining, trading, and decentralized apps (dApps)…
Author: Crypto Flexs
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Terrill Dickey October 23, 2024 10:58 Binance has removed the minimum balance requirement of 10,000 USDT for portfolio margin accounts, allowing all users to trade over 350 collateral assets. In an important step to improve user accessibility, Binance announced that it is removing the minimum wallet balance requirement for portfolio margin accounts. Previously, users had to maintain a minimum balance of 10,000 USDT in their cross margin and futures wallets to access portfolio margin. According to Binance, this requirement has now been lifted. Expanding access to portfolio margins Removing the minimum balance requirement is…
Binance, one of the world’s largest cryptocurrency exchanges, has announced the delisting of four altcoin spot trading pairs. This measure, scheduled to take effect at 03:00 UTC on November 6, reflects Binance’s attempt to improve market quality. What should Binance token holders do? Binance regularly evaluates the performance of its listed trading pairs to ensure that they progressively meet high standards and industry requirements. Based on this, items below the threshold are removed or deleted from the list. The exchange claims that these measures protect users and maintain a high-quality trading environment amid changing markets. Read more: Binance Review 2024:…
lawrence jenga October 23, 2024 09:14 The Hong Kong Monetary Authority released the results of the three-year maturity HKD government bond bidding, with a bid ratio of 3.89 and an annual yield of 2.952%. On behalf of the Hong Kong Special Administrative Region Government (HKSAR Government), the Hong Kong Monetary Authority (HKMA) announced the results of the 3-year HKD institutional bond tender. The tender, which is part of the Infrastructure Bond Program, was held on October 23, 2024, according to the Hong Kong Monetary Authority. Bond issuance details The HKMA offered a total of…
Bitcoin institutional investors have recently halted buying as BTC price action consolidates.According to data from sources such as British investment company Farside Investors, inflows into U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) turned net negative for the first time in two weeks.Bitcoin ETF interest cools with BTC price.Despite BTC/USD hovering within 10% of its all-time highs, BTC price action is already taking a toll on institutional demand.U.S. ETF inflows turned net negative on October 22, down a total of $79.1 million on the day. The “red” daily tally comes from one ETF product, the ARK 21Shares Bitcoin ETF, which recorded…
Bitwise CEO Hunter Horsley explained why he believes the recently launched Ethereum spot exchange-traded fund (ETF) has significantly lower trading volume and inflows compared to Bitcoin.In an October 21 post onAccording to SoSoValue data, BlackRock’s ETHA recorded net inflows of $1.45 billion, while Fidelity’s FETH and Bitwise’s ETHW saw inflows of $498 million and $321 million, respectively.Overall, the data shows that the Ethereum ETF experienced negative flows of approximately $500 million due to significant outflows from the Grayscale Ethereum Trust and tepid demand for other ETH funds.Why Ethereum ETF Is StrugglingHorsley highlighted some of the reasons behind the slow start…
AAVE price action shows potential but is still constrained within the rising channel towards neutral RSI levels. Despite the launch of the GHO token, increasing exchange holdings and seller dominance may dampen the bullish momentum. Aave’s (AAVE) GHO token launch garnered attention across the decentralized finance space as it raised $31.2 million and became the second-largest asset in the Chainlink CCIP. With GHO aiming to facilitate seamless cross-chain liquidity, the big question is: Could this development trigger a price rally for Aave (AAVE), or will the market need more momentum to sustain its strong growth? It remains. AAVE Price Action:…
Peanuts Launches Offramps Immediately – Chainwire We use cookies to make your experience on Chainwire’s website better. Cookies help us provide you with 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 or access is necessary for the legitimate purpose of storing preferences that have not been requested by subscribers…
Ted Hisokawa October 23, 2024 05:49 GalaChain releases a new whitepaper outlining its decentralization strategy, emphasizing security, scalability, and community-driven development. According to Gala News, GalaChain has taken an important step towards decentralization by releasing a new white paper. This document outlines a comprehensive strategy designed to transform GalaChain into a fully decentralized ecosystem, improving security, scalability, and flexibility. The road to decentralization Our white paper details our meticulous approach to decentralization. A notable change is the transition from the Raft consensus mechanism to the Byzantine Fault Tolerance (BFT) algorithm, which is expected to…
Bitcoin is finding support in the $66,500-$65,000 area and Bitcoin ETF inflows suggest traders are buying dips. Will altcoins follow?