Decentralized exchange (DEX) Raydium has outpaced Uniswap in monthly trading volume for the second month in a row, according to a December 10 Messari report. Last November, Solana’s own Raydium outpaced Uniswap, the most popular DEX in general, by about 30%, or about $30 billion, in monthly trading volume, according to the report. This follows a narrow win in October in which Raydium outperformed Uniswap by about 10%, according to a November 17 post on the Raydium’s “success is primarily due to its dominance within the Solana ecosystem,” the Messari report said, adding that the DEX continues to capture more…
Author: Crypto Flexs
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Louisa Crawford December 9, 2024 15:14 Bitcoin recently breached the $100,000 mark, reaching a high of $104,000 before a sharp correction. Market indicators suggest stabilization is possible despite recent volatility. Bitcoin surpasses $100,000 milestone Bitcoin (BTC) made headlines last week by surpassing $100,000 for the first time, reaching an all-time high of $104,000. According to Bitfinex, this incredible feat represents a 111% increase from its summer low of just under $50,000. However, the rally was short-lived as BTC experienced a sharp 14.84% correction, including a rapid 10% drop in just 8 minutes, marking the…
Cryptocurrency markets faced another sharp decline in the past 24 hours, with $1.58 billion in leveraged positions being liquidated. The overall market value fell by 7.5%. Liquidation occurred once again. A sharp market correction led to $1.58 billion liquidation in a matter of hours on Monday as Bitcoin suffered its second flash crash in a week. Bitcoin fell 6.9%, and Ethereum fell more than 12%, sending the altcoin market down 7.5%. The cryptocurrency market experienced its second major liquidation during the week. Source: Coinglass According to analysis firm CoinGlass, 88.3% of liquidated positions were leveraged long positions, amounting to $1.39…
ZachXBT recently confirmed a theft of $15.9 million targeting vendors on Coinbase Commerce. Coinbase’s AML did not detect any suspicious activity, and it is currently unclear how the attack occurred. Some on-chain data and other clues from the culprit’s social media boasts may help reveal his identity, but the investigation is ongoing. The search is becoming more complicated as no victims have been found yet. ZachXBT discovers Coinbase commerce theft ZachXBT, a renowned cryptocurrency detective, revealed the progress of this investigation in a social media post. Zach claimed that the first theft occurred on April 21, with a suspicious outflow…
Louisa Crawford December 10, 2024 03:59 OVERTAKE GameFest introduces Somnis: Rumble Rush Quest, which gives players the opportunity to earn rewards through strategic gameplay from Immutable (IMX). Find out the latest news on Play-to-Earn games. The gaming landscape is evolving with the latest iteration of the OVERTAKE rewards campaign called OVERTAKE GameFest featuring Somnis: Rumble Rush Quest. According to immutable.com, the initiative invites players and collectors to engage in strategic gameplay on the Immutable (IMX) platform, giving them the opportunity to earn gems and rewards. Quest Objectives and Rewards Participants in Somnis: Rumble Rush…
web3 AI cloud company Hyperbolic has raised $12 million in Series A funding led by venture firms Variant and Polychain Capital, bringing Hyperbolic’s total funding to $20 million.Other participants in this round included Chapter One, Lightspeed Faction, IOSG, Vertex, GSR, Wintermute Ventures, Blockchain Builders Fund, Alumni Ventures, and Ambush, according to a release sent to The Block.Hyperbolic integrates a decentralized network of GPU power, leveraging blockchain to ensure trustworthiness and security, and provide open access to AI infrastructure and services. The company plans to use the funds to develop and launch its own blockchain, in addition to strengthening its teams…
Bitcoin surpassed $100,000, hitting an all-time high of $103,850 on the back of institutional support and major regulatory changes, marking a pivotal moment for the cryptocurrency.Bitcoin made history as its price surged to an unprecedented $103,850, surpassing $100,000 and breaking an all-time high. This incredible rally is the result of a series of groundbreaking developments that have reshaped the cryptocurrency landscape. Not only DDB miners, but also investors and enthusiasts are celebrating the good news.In this article, we will explore the concept of cloud mining, specifically introduce DDB Miner, a leading brand in the field of cloud mining, and see…
Microsoft shareholders voted against a resolution to add Bitcoin (BTC) to the company’s balance sheet at the company’s annual meeting on December 10. The National Center for Public Policy Research (NCPPR), a free-market think tank based in Washington, D.C., proposed the resolution, calling it a corporate duty to provide value to shareholders through diversification of interests. general shareholders’ meetingNCPPR submitted a pre-recorded video outlining the proposal, which was played at the shareholders’ meeting. The video, which began with the phrase, “Microsoft can’t miss out on the next technology wave, and Bitcoin is that wave,” was filled with charts and figures…
Jessie A. Ellis December 10, 2024 04:59 BitMEX has announced the listing of new quarterly futures contracts for the first quarter of 2025, effective December 10, 2024, enhancing trading options for users. Leading cryptocurrency exchange BitMEX has introduced a new quarterly futures contract for Q1 2025, which launched on December 10, 2024 at 04:00 UTC. According to BitMEX, this latest addition expands the range of trading tools available to users, allowing for more strategic trading options in the cryptocurrency markets. Quarterly Futures Extension The introduction of these futures contracts marks BitMEX’s continued efforts to…
Bitcoin hit a daily close above $100,000 for the first time over the weekend, and one prominent analyst believes BTC is in the early stages of a parabolic upward explosion. A pseudonymous trader known as Rekt Capital tells his 519,900 followers on social media platform Bitcoin could take about nine months to end its parabolic surge based on historical price patterns, according to a cryptocurrency strategist. “BTC has just entered the parabolic phase of its cycle. Historically, this phase lasted an average of ~300 days. Bitcoin is only on day 34 of its parabolic phase.” At the time of this…