Solana swept liquidity after a strong showing in a consolidation pattern. Polymarket predicted the probability of Solana ETF approval in 2025 at 77%. Solana (SOL) broke out of an ascending triangle pattern and showed a rapid upward trend. This breakout swept Solana through the key liquidity areas indicated earlier. After crossing $182, SOL is quickly approaching higher liquidity clusters near $213 and then $230, with each area representing a potential resistance or support level. These liquidity clusters are areas where significant trading activity occurs and influences future price action. Source: Hiblock Capital If Solana breaks above this level, it could…
Author: Crypto Flexs
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This article is also available in Spanish. Ethereum price began a new recovery above the $3,400 area. ETH is consolidating and targeting a fresh rally above the $3,500 resistance. Ethereum began a significant recovery above the $3,450 area. The price is trading above $3,420 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) has a bullish trendline connected to support at $3,420. A break above the $3,500 resistance could provide bullish momentum. Ethereum price continues to rise Ethereum price remained stable above the $3,320 level and, like Bitcoin, continued its recovery. ETH rose above…
Coinbase is considering offering tokenized shares of its stock to U.S. users of Base, the Ethereum layer 2 network, Base developer Jesse Pollak said in a post on the X platform. . Tokenized COIN shares are already available to users outside the U.S. through protocols such as Backed, a tokenized real asset (RWA) platform, Pollak said in a Jan. 3 X post.COIN on Base is “something we’re looking at in the new year,” Pollack said, adding that “eventually, every asset in the world will be on Base.”Pollak said Coinbase “has no concrete plans at this time” and is in an…
Muxcap is rapidly expanding and gaining global attention for its outstanding service.The online trading platform is growing rapidly, with a surge in its user base across Europe, marking a new milestone in its global expansion. This growth reflects the growing demand for secure, innovative and accessible trading platforms among both beginners and professional traders seeking better opportunities in global financial markets.What Muxcap Offersbroad financial marketsMuxcap provides access to a variety of global markets, allowing users to explore multiple asset classes and diversify their portfolios on a single platform. Available markets include:Forex Trading: Major, minor and exotic currency pairs for global…
January 2nd AI assistant – the future of digital assets? Post time: 11:20h education Posted by Tammy The convergence of artificial intelligence (AI) and digital assets is changing the cryptocurrency system. AI assistants are taking on important tasks like conducting transactions and managing cryptocurrency wallets, making them more efficient and faster than ever before. Projects like AI16z demonstrate the enormous potential for using AI to optimize blockchain networks. However, there are also potential risks, such as AI being manipulated. Therefore, strict protective measures are required to ensure system safety. How will AI impact digital assets? The combination of AI and…
join us telegram A channel to stay up to date on breaking news coverage Wall Street investment bank Morgan Stanley is reportedly considering adding cryptocurrency trading to its online E-trade brokerage platform. According to the January 2nd report According to The Information, the asset manager’s decision is based on the United States’ more friendly digital asset policies expected under incoming President Donald Trump, who wants to make the country the “crypto capital of the world.” Morgan Stanly could challenge Coinbase’s dominance in the market. Morgan Stanley It completed its acquisition of E-Trade in 2020 in an all-stock transaction valued at…
One widely respected cryptocurrency analyst says it looks like one cryptocurrency sector will outperform another in the coming years. Anonymous cryptocurrency trader Crypto Capo told his Telegram audience in a new thread on Telegram that the artificial intelligence (AI) sector will continue to outperform the rest of the digital asset industry. According to Capo, price action in decentralized cloud computing platform Phala Network (PHA) hints at a breakout in AI cryptocurrencies, leading to an accumulation of hidden AI-based tokens like Phoenix (PHB) and Streamr (DATA). . “The incredible performance of PHA can be a leading indicator for the next step…
BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) has further strengthened its presence within the digital asset space with the approval of Frax Finance as collateral for its upcoming frxUSD stablecoin, according to a January 2 statement.FrxUSDfrxUSD is Frax Finance’s newly rebranded stablecoin that offers direct fiat redemptions and improved compliance.Sam KazemianFrax Finance founder said:“frxUSD combines the transparency and programmability of blockchain technology with the trust and stability of BlackRock’s leading treasury products.”Through this partnership, BUIDL will function as the primary reserve asset supporting the issuance and redemption of frxUSD. The stablecoin is backed by assets managed within BlackRock’s BUIDL, including…
Historical Context – Does whale purchasing lead to sustainable profits? Analyzing XRP’s historical data shows that spikes in whale activity, such as transactions exceeding $100,000 and $1 million, are often associated with price spikes. For example, large-scale whale purchases preceded a notable rally in mid-2023, but this increase was short-lived and recovered within a few weeks. Conversely, the whale-led rally in late 2023 saw a more sustained upward trend, with prices stabilizing at higher levels after surges. Source: Santiment This highlights a recurring theme. Whale activity often creates short-term euphoria, but long-term price elasticity depends on broader market conditions, retail…
China’s digital yuan will gain attention again China’s central bank digital currency was once one of the industry’s hottest topics, but 2024 has been a relatively quiet year for the digital yuan. Nonetheless, Winston Ma, an adjunct professor of law at New York University and former managing director of China’s sovereign wealth fund, predicts that the digital yuan will see a strong push for overseas expansion in 2025. China expanded the digital yuan to Hong Kong’s retail sector in 2024, but efforts have been slower and less aggressive than before. This slowdown was consistent with research by Yao Qian, the…