A well-known cryptocurrency trader is warning that several large memecoins are showing bearish price patterns. A trader known by the pseudonym Altcoin Sherpa told his 239,100 followers on social media platform says: He suggests that while the best memecoins may still witness a rebound over time, they may not outperform the market like they did early last year. “Large memes don’t look good overall, but I don’t think this is a place for shortcuts. PEPE (daily chart) has maintained much better performance than BONK and WIF (3-day chart), but this is probably due to the SOL/ETH chart (ETH has surpassed…
Author: Crypto Flexs
Read More
Ether (ETH) experienced a 20.7% weekly correction between January 6 and January 13, reaching a low of $2,924 and triggering $395 million in leveraged buy ETH liquidations. This move has tempered optimism, but contrary to expectations, Ethereum derivatives are signaling strong interest from both retail and institutional buyers.Annual premium for 2-month Ethereum futures. Source: LevitasIn neutral markets, ETH monthly futures premiums typically trade 5% to 10% above the prevailing spot price, reflecting the extended settlement period. Despite the recent drop below $3,000, the indicator remained above the threshold, indicating optimism from whales and market makers.Ethereum has posted a 42.7% gain…
London, London, January 14, 2025, ChainwireBuilt by fintech veterans from M2 Exchange and Freetrade, Good Market introduces a new trading platform that combines AI-driven trading and human-centric design. The platform has begun closed beta testing with an initial group of over 500 traders and aims to significantly reduce emotional trading errors. This is a key factor in the well-documented 90-95% failure rate among retail traders.The platform simplifies complex trading processes through systematic execution and automated risk management and addresses key issues that typically lead to trading losses.“The current trading platform is part of the problem, not the solution,” says Good…
The U.S. Supreme Court has rejected Binance’s appeal to overturn a class action lawsuit against the exchange. The court’s decision caused the price of BNB to fall, resulting in a buy liquidation amount of $1.9 million. The U.S. Supreme Court rejected an appeal filed by exchange giant Binance, which argued that Binance is not subject to U.S. securities laws because it does not have a physical headquarters in the United States. that Appeal denied dealt a big blow to Binance Coin (BNB)It fell to a multi-week low of $660 before rebounding to $687 as of press time. details of the…
Rebecca Moen January 14, 2025 18:05 io.net is collaborating with Injective (INJ) to advance decentralized AI and blockchain projects and provide developers with scalable GPU resources. The goal of this collaboration is to democratize access to AI and foster innovation. io.net, a popular decentralized GPU computing network, announced a collaboration with blockchain platform Injective to support decentralized finance and AI (DeFAI) developers. This partnership is poised to revolutionize the intersection of distributed computing and artificial intelligence, giving Web3 builders the tools they need to train, fine-tune, and deploy machine learning models using distributed resources.…
This article is also available in Spanish. Chainlink has shown some volatility over the past few days, with its price plummeting 12% followed by an impressive recovery of 13% within 24 hours. This quick rebound has sparked optimism among investors who see the altcoin’s resilience as a sign of its potential for significant gains in the short term. Related Reading Top analyst Jelle shared her technical analysis on X, explaining that the LINK weekly chart is slowly evolving into “a thing of beauty.” The chart is bullish, suggesting that Chainlink could make a significant move if key price levels recover.…
Episode 1 of Season 7 of The Scoop was recorded as follows: The Block’s Frank Chaparro and Tom Schmidt, partners at Dragonfly. Listen below and subscribe to The Scoop on YouTube. apologize, Spotify, google podcast, stitcher, Or listen to podcasts wherever you are. Please send feedback and correction requests to (email protected).The Scoop host Frank Chaparro is joined by Dragonfly partner Tom Schmidt.In this episode, Chaparro and Schmidt discuss the cryptocurrency market serving as an institutional asset class moving into 2025, and how this cycle has differed for venture capitals operating within this space.outline 00:00 Introduction 01:39 Cryptocurrency as an…
Maple Finance is considering using protocol profits to buy back native SYRUP tokens and distribute them to stakers as rewards, the decentralized finance (DeFi) protocol said in a governance proposal on January 13. The proposal, which awaits a token holder vote, would allocate 20% of Maple Protocol profits to monthly buybacks as an additional incentive for stakers. Maple said voting begins Jan. 20.Redemption takes place on decentralized exchanges (DEX) and over-the-counter (OTC) trading desks. According to the proposal, Maple was generating approximately $5 million in annual revenue from its on-chain lending services as of January 13.“By distributing repurchased tokens to…
Tony Kim January 14, 2025 16:08 Learn how the Blink Lightning Network wallet simplifies Bitcoin management with quick setup, user-friendly features, and advanced security options for smooth transactions. According to blog.bitfinex.com, the Blink Lightning Network wallet has emerged as a simple and user-friendly solution for managing Bitcoin transactions. The quick setup process and intuitive features make it a promising tool for both personal and business users looking to take advantage of the Lightning Network. Quick and easy installation Blink wallet can be easily downloaded on both Android and iOS platforms. Users can find it…
Cryptocurrencies have already completely transformed many aspects of business, from investments to salaries. But it also presents unique challenges, especially when it comes to compliance and international business expansion. This is why Employer of Record (EOR) Services It has been pivotal in exploring this direction, especially for businesses looking to pay with cryptocurrencies. Luckily, Rise, a Web3-based payroll provider, has been at the forefront of these modern cryptocurrency payroll solutions and demonstrates how its EOR service can facilitate this transition.Understanding EOR in the context of cryptographynot employer of record (EOR) serves as the legal employer of the company’s workforce and…