Key Takeaways:Bitcoin double bottom pattern could increase bullish momentum towards $110,000.A CME gap near $104,000 could trigger a short-term retracement.Stablecoin accumulation and stress on short-term holders suggests near-term volatility.Bitcoin (BTC) exhibited a textbook double bottom pattern over the weekend, with BTC securing a weekly close above its 50-week moving average. This formation coincided with a daily order block between $98,100 and $102,000, with BTC repeatedly testing the $100,000 area before rebounding.Bitcoin 4 hour chart. source: Cointelegraph/Trading ViewFollowing the breakdown of the bullish structure on the 4-hour chart, Bitcoin now faces resistance near $111,300, a level it could test if short-term…
Author: Crypto Flexs
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September Highlights:Crypto Monday BostonThe SEC is busy working on rulemaking and guidance.We heard back from the SEC. While Congress is in recess, staff have been busy preparing guidance and rules on a number of topics that will be released in the next two to six months. This includes the topic of security token conversion. Senate releases draft market rescue billThe Senate Banking Committee has released a full draft of the market rescue bill. The bill divides regulation between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) and gives the CFTC new powers. (text)SEC tweeted“‘Market participants…
Several altcoins could be poised to make significant moves in the cryptocurrency market this week, depending on developments in each ecosystem.A tight schedule can have a huge impact on investor sentiment and project momentum across the altcoin sector, as each event can impact protocol growth and token performance.Chainlink Rewards Season 1On November 3, the network announced Chainlink Rewards Season 1, scheduled for November 11, and expected to include nine build projects.boost boost We are excited to introduce Chainlink Rewards Season 1, the next generation of our community engagement and rewards program. https://t.co/xykjgVln57Steak Link.Get the cube.Allocate a cube.Token Claim.Season 1 starts…
Valor Introduces Regulated FLOKI Investment Vehicle to Spotlight Stock Market Valor has entered the regulated European market by launching the first exchange-traded product (ETP) linked to the Floki cryptocurrency. Named Valor Floki SEK, it is listed on Sweden’s Spotlight Stock Market and allows both retail and institutional investors to gain exposure to FLOKI through a secure and regulated structure. This is the first ETP linked to the BNB Chain project outside of Binance’s own token. Valor Floki SEK tracks the FLOKI token, which provides a variety of functionality within the Floki network, including payments, staking, governance, and access to services…
Hash Global Report on MEET48: From Idol Production Factory to AIUGC and Web3 Entertainment Platform – Chainwire housenewsroomHash Global Report on MEET48: From Idol Production Factory to AIUGC & Web3 Entertainment Platform We use cookies to make your experience on Chainwire’s website better. Cookies help us give you 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…
As the Bitcoin market continues to experience the surge in sales that began in mid-October, recent on-chain data paints a somewhat optimistic picture for the future of the cryptocurrency. The question is: is Bitcoin at the bottom? Is a BTC price reversal imminent? In a recent Quicktake post on the CryptoQuant platform, anonymous cryptocurrency expert Sunny Mom shared that a bottom could be just around the corner for the Bitcoin price. Sunny Mom’s post was based on four on-chain metrics that examine the behavior of Bitcoin market participants. The first is the Futures Taker CVD (Cumulative Volume Delta, 90 Days)…
Aayush Jindal is a financial market expert with over 15 years of exceptional expertise in Forex and Cryptocurrency trading. Known for his excellence in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors across the world, guiding them through the complex landscape of modern finance through keen insight and astute chart analysis. From an early age, Aayush showed a natural talent for deciphering complex systems and unraveling patterns. Driven by his insatiable curiosity to understand market dynamics, he embarked on a journey that would lead him to become a leading authority on forex and cryptocurrency…
Assets moved included StakeWise Staked Ether (OSETH), Wrapped Ether (WETH), and Lido wstETH (wSTETH). In September 2023, Balancer suffered a phishing attack and lost approximately $238,000. A separate August exploit resulted in the loss of nearly $1 million after a vulnerability was discovered in Balancer’s liquidity pool. Balancer, one of Ethereum’s leading decentralized exchanges, has once again come under scrutiny due to suspected exploits involving approximately $70 million worth of digital assets. The incident has reignited debate about the security of decentralized finance (DeFi), where transparency and automation often coexist with serious structural vulnerabilities. It also shows how core DeFi…
Tempo is investing $25 million in Commonware to accelerate its unique approach to blockchain architecture. The startup aims to provide individual, remixable building blocks so teams can build custom stacks without having to start from scratch. summation Tempo is leading a $25 million investment in blockchain infrastructure startup Commonware to accelerate modular network development. Through this partnership, Tempo will improve payment system performance by integrating Commonware’s open source primitives for consensus, networking, and storage. Payments-focused blockchain Tempo is leading a $25 million strategic investment in infrastructure startup Commonware, according to a November 7 announcement. Beyond capital, Tempo will integrate the…
join us telegram A channel to stay up to date on breaking news coverage A Spanish research institute plans to cash out its forgotten $10,000 Bitcoin purchase from 2012. This jumped from 1,000x to $10 million. The Institute for Technology and Renewable Energy (ITER), run by the island council of Tenerife, reportedly acquired 97 BTC as part of a blockchain research project a decade ago. no way report by Spanish newspaper. Juan José Martínez of Tenerife’s Innovation Council said the council was currently finalizing sales plans with approved Spanish financial institutions. Proceeds will fund new ITER research, including research into…