Ethereum hit an 8-week high as RSI increased buying pressure. Open interest of $14 billion reflects increased market participation by derivatives traders. Ethereum (ETH) It was trading at an eight-week high of $2,735 at press time, after rising nearly 4% in 24 hours. According to CoinMarketCapMarket interest is increasing with trading volume increasing by more than 100%. These gains gave ETH the highest short-term liquidation amount across the cryptocurrency markets. At press time, more than $23 million in ETH short positions were wiped out. coin glass. A high number of short sell liquidations is a bullish sign as it means…
Author: Crypto Flexs
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Caroline Bishop October 16, 2024 08:41 Binance Futures announces changes to the leverage, margin tiers, and funding rate frequency for the USDⓈ-M REEFUSDT perpetual contract, effective October 16, 2024. Binance Futures announced significant adjustments to the leverage and margin ratings for the USDⓈ-M REEFUSDT perpetual contract. According to Binance, this update will take effect on October 16, 2024 at 06:30 (UTC). Existing positions opened prior to this update will be affected and users will need to adjust their positions and utilize leverage to mitigate potential liquidation risk. Key changes to leverage and margin ratings…
Bitcoin (BTC) has fallen below $67,000 since Wall Street opened on October 21 amid expected selling pressure in the United States.BTC/USD 1-hour chart. Source: TradingViewTraders consider a deeper BTC price drop next.Data from Cointelegraph Markets Pro and TradingView tracked BTC price losses of 3% for the day.This follows BTC/USD recording its highest weekly close in five months, with market observers suggesting that consolidation and a retest of support should now begin.Popular trader Jelle wrote in one of his latestBTC price predictions included a deeper retracement, with popular X account Emperor suggesting $62,000 could be seen again.“The large pocket between H6…
The price of ApeCoin (APE) rose on October 21, rising 130% over the past four days amid anticipation for the launch of the highly anticipated blockchain network ApeChain. APE rose from a low of $0.861 on October 20 to a six-month high of $1.75 on October 21, up 104%, according to data from Cointelegraph Markets Pro and TradingView. At the time of publication, the ERC-20 governance token was trading at $1.53, up 16.5% in the last 24 hours and 125% over the past week.APE/USD daily chart. source: TradingViewSeveral factors supporting ApeCoin’s strength include developments surrounding the recent launch of ApeChain…
Peter Jang October 16, 2024 08:51 Zyda-2, a groundbreaking 5T token dataset developed by Zyphra and NVIDIA, sets a new standard for LLM education, improving AI performance and efficiency. In a significant development for the artificial intelligence community, Zyphra and NVIDIA have teamed up to introduce the Zyda-2 dataset, a powerful 5-trillion-token dataset designed to advance the training of large-scale language models (LLMs). Processed using NVIDIA’s NeMo Curator, this dataset is set to redefine the standard in AI model training by providing unparalleled quality and diversity. Enhance AI model training with Zyda-2 The Zyda-2…
Solana (SOL) could rise more than 2,000% in the coming months based on favorable charting techniques.The so-called “Ethereum killer” is already up more than 2,000% since hitting a cycle low of around $10 in November 2022. With this, the price trend has drawn what appears to be a cup and handle pattern during the week. This chart was discovered by veteran analyst Peter Brandt.SOL/USD weekly price chart. Source: Peter BrandtSolana in final stages of potential breakthroughThe cup and handle pattern occurs when price undergoes a U-shaped recovery that resembles a “cup” followed by a sideways period that looks like a…
DBS Bank has launched “Token Services” to enhance blockchain solutions for its customers. Key offerings of ‘DBS Token Services’ include Treasury Tokens, conditional payments and programmable rewards. This service optimizes liquidity management and streamlines operational workflows. DBS Bank, Singapore’s largest financial institution by assets, has launched a new product line called “DBS Token Services” aimed at enhancing blockchain-based banking solutions for institutional customers. This innovative initiative is an important step towards modernizing financial transactions in the digital era by integrating tokenization and smart contract support capabilities with the bank’s existing services. DBS Token Service The newly introduced DBS Token Service…
A blockchain tracking company said a cryptocurrency trader known for accurately distinguishing between highs and lows caused a massive correction in MAGA (TRUMP), a memecoin inspired by presidential candidate Donald Trump. According to Lookonchain, a pseudonymous trader known as Gigantic Rebirth (GCR) reportedly sent more than half of his TRUMP stack to cryptocurrency exchange MEXC to sell on the open market. “Legendary trader GiganticRebirth (GCR) deposited 466,000 TRUMP ($2.4 million) into MEXC, causing a 10% decline in the price. From December 9, 2023 to January 19, 2024, GCR used 703,000 USDT to purchase 936,000 TRUMP at $0.75. He currently has…
Darius Varu October 16, 2024 09:25 Arbitrum Orbit is revolutionizing blockchain technology through custom chains, improved decentralization, and interoperability, fostering innovation across the Ethereum ecosystem. Arbitrum Orbit, a groundbreaking advancement in blockchain technology from Offchain Labs, is making waves with its focus on helping developers create custom chains tailored to their specific needs. According to Offchain Labs, this innovation aims to improve blockchain accessibility, security, and decentralization. Unlocking Blockchain Potential Arbitrum Orbit stands out by providing a technology stack that simplifies the process for developers, allowing them to focus on innovation rather than technical…
Bitcoin (BTC) has begun its “Uptober” comeback, hitting its highest weekly close in nearly five months and returning to $69,000.Expectations of a retest of all-time highs in the third week of October are driving the bulls, but an equally healthy sideways move could come first.Unemployment claims and the Fed Beige Book headline this week’s macro data releases, while risk assets ignore US inflation signals.Opinions are divided on whether BTC/USD has been able to permanently abandon its seven-month downward trend.As Bitcoin derivatives become more active, leverage is causing some analysts headaches.There is still no mainstream consumer interest in Bitcoin.Bitcoin rebounded to…