TD Sequential issues a rare buy signal, suggesting a possible breakout for Solana towards $250 resistance. Solana’s TVL grew to $8.312 billion as strong fundamentals and upbeat derivative indicators fueled market excitement. Solana (SUN) It traded on a rebound from the recent correction. $190.04 It was close to a critical support area at press time. The cryptocurrency has seen a price increase of 4.91% in the last 24 hours, despite registering a decline of 11.43% over the past 7 days. The 24-hour range from $180.35 to $192.86 reflects a consolidation phase, while the 7-day low at $176.72 represents strong support…
Author: Crypto Flexs
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Ted Hisokawa December 24, 2024 08:06 Sui Network’s DeFi ecosystem will grow significantly in 2024 through increased institutional interest, stablecoin offerings, and innovations such as DeepBook V3 and Sui Bridge. Sui Network will experience a transformational year in 2024, emerging as a prominent player in the decentralized finance (DeFi) landscape. According to the Sui Foundation, the network’s Total Value Locked (TVL) increased significantly from less than $250 million at the start of the year to $1.75 billion in December. Institutional interest and cooperation This year has been pivotal for Sui in attracting institutional funding.…
Female Web3 Gamers Are More Optimistic Than Men: Blockchain Gaming Alliance According to the Blockchain Gaming Alliance (BGA), women in the Web3 gaming industry are more hopeful than men about blockchain gaming success in the coming year. “Female respondents expressed more optimism, with 38.9% expecting more than 40% adoption within the next year, compared to 25.1% of male respondents,” according to the BGA 2024 Annual Report. The survey collected 623 responses from Web3 gaming industry participants around the world, ranging from infrastructure and marketing to design, content, investments, media and AI. Nearly half of male survey respondents believe less than…
Female Web3 Gamers Are More Optimistic Than Men: Blockchain Gaming Alliance According to the Blockchain Gaming Alliance (BGA), women in the Web3 gaming industry are more hopeful than men about blockchain gaming success in the coming year. “Female respondents expressed more optimism, with 38.9% expecting more than 40% adoption within the next year, compared to 25.1% of male respondents,” according to the BGA 2024 Annual Report. The survey collected 623 responses from Web3 gaming industry participants around the world, ranging from infrastructure and marketing to design, content, investments, media and AI. Nearly half of male survey respondents believe less than…
Cryptocurrencies are revolutionizing the way we think about finance, opening up exciting avenues for investors to grow their wealth. However, while there are many opportunities, tax regulations remain an important factor that can have a significant impact on your profits. These rules vary greatly between jurisdictions, including the United States, the United Kingdom, and the European Union, so it’s important to understand how they affect your investments.In this guide, we’ll look at the tax regimes in your region and outline key considerations for cryptocurrency investors and practical strategies to optimize compliance and reduce tax liabilities.Cryptocurrency tax regulations in the United…
Caroline Bishop December 24, 2024 10:07 BitMEX announced the launch of a new XBT futures contract, XBTG25, effective December 24, 2024. This Bitcoin margin contract offers up to 100x leverage. BitMEX, a leading cryptocurrency derivatives exchange, will launch XBTG25, a new XBT futures contract margined in Bitcoin (BTC). According to BitMEX, the contract will be available for trading starting December 24, 2024 at 04:00 UTC, with an expiration date set for February 28, 2025. contract specifications The XBTG25 contract is designed for traders who want a highly leveraged option, offering up to 100x leverage.…
This article is also available in Spanish. Ethereum price widened its losses and fell below the $3,450 level. ETH is now recovering some of its losses and could move higher if it clears the $3,445 resistance. Ethereum began a new decline below the $3,500 level. The price is trading below $3,450 and the 100-hour simple moving average. On the hourly chart of ETH/USD (data feed via Kraken), a breakout occurred above a bearish trend line connecting with resistance at $3,300. A break above the $3,450 and $3,500 resistance levels could initiate a significant rally. Ethereum price remains above $3,200. Ethereum…
that By holding 1 million Bitcoin, the United States could reduce its national debt by 35% within 24 years.According to a report by asset management firm VanEck,. This outlook is consistent with a proposal put forth by Senator Cynthia Lummis. VanEck’s analysis assumes that Bitcoin will grow at a compound annual growth rate (CAGR) of 25%, reaching $42.3 million per BTC by 2049. During the same period, that us national debt expected It is expected to grow at a CAGR of 5% from $37 trillion to $119.3 trillion in 2025. By 2049, Bitcoin reserves could offset approximately $42 trillion in…
Digital asset manager CoinShares said institutional investors poured hundreds of millions of dollars into cryptocurrency investment vehicles last week despite selling pressure across the market. CoinShares said in its latest Digital Asset Fund Flows report that institutional cryptocurrency investment products saw net inflows of $308 million last week. “Digital asset investment products recorded inflows totaling $308 million last week, but this overshadows the largest single-day outflow of $576 million on December 19, with total outflows over the last two days of last week reaching $1 billion. It’s reached. .” Source: CoinShares Last week’s hawkish Federal Open Market Committee (FOMC) announcement…
Timothy Morano December 24, 2024 10:29 BitMEX has switched its marking method for HYPEUSDTZ25 to fair price marking using a new index that integrates market data from Gate.io, Kucoin, and Bitget. BitMEX has announced that the marking method for the HYPEUSDTZ25 trading pair will switch to a fair price marking system starting December 24, 2024, at 06:05 UTC. According to BitMEX, this adjustment is part of BitMEX’s ongoing efforts to improve trading transparency and accuracy. Introduction of strong indices The transition to fair price marking was facilitated by the development of a new index…