Jessie A. Ellis October 16, 2024 15:30 Paxos is introducing the Wrapped Lift Dollar (wUSDL) to the Injective (INJ) network, providing users with a stablecoin that can earn yields on government bonds and enhance DeFi interactions. According to the Injective Blog, Paxos South America has officially launched Wrapped Lift Dollar (wUSDL), a high-yield stablecoin on the Injective (INJ) network. This new addition allows users to leverage stablecoins across Injective’s decentralized finance (DeFi) protocols while also benefiting from yield returns. Stablecoin that produces returns wUSDL is a wrapped version of the Lift Dollar (USDL) designed…
Author: Crypto Flexs
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Bitcoin (BTC) price is up 55% so far in 2024, including a 12.50% rise in October. The recent gains were fueled by better-than-expected Wall Street earnings and improved overall risk sentiment. BTC/USD daily price chart. Source: TradingViewAdditionally, investors are increasingly pricing in the possibility of an interest rate cut by the Federal Reserve in November, and optimism is growing further as cryptocurrency advocate Donald Trump’s chances of winning the 2024 presidential election increase.relevant: Anthony Pompliano reveals the key catalyst for the next Bitcoin bull market.Fundamentally, Bitcoin appears well-positioned to enter a bullish cycle through the remainder of 2024 and beyond.…
A veteran trader says it would be unwise to start demanding the best from the Crypto Bull Market. A pseudonymous trader known as Flow Horse bases his Telegram channel on many charts, including Bitcoin (BTC), Gold Futures and NASDAQ, where there is a clear bull market that could be costly to oppose. “I said this in 2020. If you’re late for the ascent and having trouble getting in, just buy it and walk. I got stronger in a week through the levels. The effectiveness of high term acceptance is hard to argue with… I won’t guess how long the party…
Presidential candidate Donald Trump recently acknowledged the existence of Polymarket, a cryptocurrency-based prediction market platform. In a video posted to PolyMarket’s Trump said, “I’ve never heard of it,” and someone in the audience said the platform’s (…)
This article is also available in Spanish. Ethereum price is solidifying its upward trend above the $2,580 resistance level. ETH could pick up speed if it breaks out of the $2,650 resistance area. Ethereum remained in positive territory above the $2,550 and $2,580 resistance levels. The price is trading above $2,600 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a major bullish trend line forming with support near $2,600. A break above the $2,650 and $2,680 resistance levels could continue the upward move for the currency pair. Ethereum price aims for further…
a16z crypto estimates actual monthly cryptocurrency users to be between 30 and 60 million, highlighting the gap between active users and cryptocurrency owners. Explore methodology and industry insights. (Read more)
As weak hands exit the market, SUI could be ready for a breakout. If this happens, your ranking within the top 20 may change. Sui (SUI) has shown significant influence, surpassing Litecoin (LTC) in market capitalization over the past 30 trading days. The growing user base has certainly fueled this upward trend. However, recent weekly declines of more than 3% have put SUI on the top loser charts. This gap led analysts at AMBCrypto to investigate whether the recent decline was a deliberate attempt to shake off a weak hand, setting the stage for stronger pressure that could push SUI…
a16z crypto’s State of Cryptocurrency 2024 report showcases changes in the cryptocurrency landscape, including advancements in NFTs, social networks, and prediction markets. (Read more)
Top news of the week Trump’s World Liberty Financial tokens crashed and were burned. Former US President Donald Trump’s token launch was a failure. On October 16, former US President Donald Trump launched the World Liberty Financial (WLFI) token. The token’s website claimed that investors would be able to get voting rights on future decentralized finance (DeFi) protocols. However, token sales were minimal even after almost a full day of trading. As of 10:00 AM (UTC) on October 17, according to the token website, only 848.63 million WLFI (equivalent to $12.7 million at pre-sale price) had been sold, with 19.1…
NVIDIA Jetson powers brain disease treatment through brain-machine interactive neuromodulation, providing real-time neural decoding and stimulation for conditions such as epilepsy and Parkinson’s disease. (Read more)