Bitcoin (BTC) fell 11% from January 7 to 9, breaking the $92,000 level for the first time in nine days. This decline led to the liquidation of over $257.5 million in leveraged long positions during the same period and coincided with profit taking, strong economic data and uncertainty surrounding the inauguration of US President-elect Donald Trump. Despite this short-term bearish momentum, three data indicators suggest that a decline to $92,000 may have marked a local bottom for BTC, providing a good entry point for investors. SOPR decline hints at Bitcoin price bottomOn-chain data shows that Bitcoin’s Spent Output Return (SOPR)…
Author: Crypto Flexs
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Ted Hisokawa January 10, 2025 14:49 Ethereum’s All Core Developers Consensus Call #148 focused on Pectra testing updates, validator hardware requirements, and the name of the Gloas upgrade. On January 9, 2025, Ethereum developers gathered for the first All Core Developers Consensus (ACDC) meeting of the year, chaired by Ethereum Foundation researcher Alex Stokes. According to galaxy.com, the biweekly meeting series serves as a platform for developers to discuss and coordinate changes to the Ethereum consensus layer, known as the Beacon Chain. Pectra Devnet 5 and Validator Requirements During the call, the developers shared…
The world’s largest cryptocurrency exchange by trading volume is recently adding support for migration of popular blockchain games. According to a new announcement from Binance, the exchange will begin trading services for the conversion of Dalian mines to the Dar Open Network (D) starting tomorrow. “Dear Binanians, Binance is pleased to announce that Dar Open Network (D) will be added to Binance Simple Earn, ‘Buy Cryptocurrency’, Binance Convert, Binance Margin, Binance Auto-Invest, and Binance Futures at the dates and times listed below. D Flexible products will be listed on Binance Simple Earn and become available for subscription at 2025-01-09 08:00…
Louisa Crawford January 10, 2025 12:50 SSV Network’s latest update integrates OpenTelemetry to improve observability and monitoring, providing an improved user experience and future-proofing the client. According to the SSV team, in an important step to improve client observability and monitoring, SSV Network has integrated OpenTelemetry into client version 2.1.0. This development aims to future-proof the network system and improve the user experience for node operators. OpenTelemetry integration The integration of OpenTelemetry marks a shift away from the previously used Prometheus library and provides a more robust framework for observability. OpenTelemetry, an open source…
Total transferred USDT in TRC-20 was $22 billion, surpassing ETH’s ERC-20 USDT of $2.6 billion. TRON ranks first among L1 blockchains in terms of fees generated over the past six months. A comparative analysis of TRC-20 and ERC-20 USDT clearly demonstrated TRON’s dominance in trading volume in 2021 and beyond. TRC-20 USDT transactions surged to 22 billion, dwarfing ERC-20’s 2.6 billion. This trend coincided with TRC-20 showing peaks well above those of its Ethereum counterpart. The rapid surge in TRC-20 activity, especially noticeable in mid-2024, highlights TRON’s advantages in terms of low fees and fast processing times, attracting more users…
In China, there are concerns that criminals are increasingly using blockchain, cryptocurrency and artificial intelligence (AI) to commit fraud. The Ministry of Public Security held a press conference on January 10 and announced that more than 53,000 Chinese nationals involved in telecommunications fraud have been arrested in northern Myanmar by the end of 2024. These efforts led to the dismantlement of the notorious ‘Four Big Families’ crime syndicate in Myanmar’s northern Kokang region. China engages in cross-border virtual fraud Despite these significant achievements, the Ministry of Defense warned that the overall crime situation remains serious. Fraud groups are constantly evolving,…
Iris Coleman January 10, 2025 11:08 Learn how AI models like Speech-to-Text, Audio Intelligence, and LLM are transforming conversational intelligence platforms and improving lead conversion and customer engagement. In the evolving digital interaction landscape, AI models play a critical role in powering conversational intelligence, which is pivotal in improving lead conversion and customer engagement. According to AssemblyAI, sectors as diverse as sales, marketing, and customer service are leveraging these advanced technologies to streamline processes and derive meaningful insights from voice data. Understand conversation intelligence Conversational intelligence refers to the application of AI to extract…
According to Raoul Pal, co-founder and CEO of Real Vision, the cryptocurrency market is in a “banana zone” and heading towards a “banana singularity,” a period when “everything is going up.”“Banana zone” is a term coined by Pal to describe a period of significant price increases.“Yes, we are still in the banana zone,” macro investor Raoul Pal told X on January 10, adding that the first step in this bull market was the breakout in November last year. This was followed by the current consolidation period, similar to the 2016/2017 cycle. “This won’t last long,” Pal added. Looking ahead, Pal…
just alvin January 10, 2025 08:56 The Tezos community promises to improve transaction bandwidth by 20x to 4000x by enabling the Data Availability Layer, a key technology for rollup scaling. The Tezos community is being asked to enable the Data Availability Layer (DAL), a groundbreaking technology introduced with the Paris Protocol upgrade. According to Tezos, this initiative is essential for roll-up scaling and is consistent with the Tezos The role of the data availability layer DAL is designed to significantly improve the bandwidth of the Tezos network, increasing the amount of transaction data that…
Disclosure: This article does not represent investment advice. The content and materials contained on this page are for educational purposes only. Cryptocurrency investors are shifting their focus from giants like Ripple and Solana to emerging gems like Remittix, a promising platform set to redefine cross-border payments. Sentiment in the cryptocurrency market is starting to shift from established projects to smaller, upcoming gems with strong potential. Of course, cryptocurrency whales are still interested in coins like Ripple (XRP), Cardano (ADA), Solana (SOL), and others. However, groundbreaking use cases for cross-border transfers have led to renewed interest in projects like Remittix, which…