Cryptocurrency markets suffered across the board this week. Some cryptocurrencies rose slightly, but bearish sentiment still remains. The market showed increasing volatility amidst downward pressure. Recent market activity has been unkind for most cryptocurrencies due to significant price declines. A whopping 80% of the top 10 digital assets recorded losses last week. This trend is once again producing mixed results, painting a bleak picture for investors who were hoping for stability due to the general unpredictability of the market. Only two major players finished in positive territory, highlighting the selective nature of this week’s gains. But for the majority, it…
Author: Crypto Flexs
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Bitcoin price fluctuates depending on the odds of Trump and Harris in the US presidential election. A new meme coin index fund called Vantard provides exposure to high-growth meme coins. Vantard’s Meme Portfolio (VMP) allows investors to benefit from the “memecoin supercycle” with minimal effort. With markets in turmoil and the US election being more contested than expected, cryptocurrency traders are changing their strategies to manage risk and profit. Vantard’s Meme Portfolio (VMP), Solana’s unique index fund for top meme coins, is increasingly gaining attention as a way to ride out market volatility. Designed to capitalize on the current “memecoin…
Caroline Bishop November 1, 2024 08:01 GalaChain plans to transform into a decentralized platform through a four-stage roadmap to increase scalability and attract developers from various industries. According to Gala News, GalaChain is embarking on a revolutionary journey towards full decentralization. The blockchain platform has released a decentralization whitepaper outlining a comprehensive four-step roadmap designed to transform GalaChain from a centralized model to a decentralized model. Decentralization: A fundamental change Initially, GalaChain’s centralized infrastructure was pivotal in scaling layer 1 blockchains, providing the robustness needed to support external developers in the gaming, music, and…
The CEO of digital asset insights firm CryptoQuant said stablecoins are seeing increasing adoption through expanding use cases. CryptoQuant’s Kiyoung Joo told his 368,500 followers on social media platform According to data from Onchain analysts, only about one in five stablecoins are being used to buy or sell cryptocurrencies. “In September 2021, exchange stablecoin holdings exceeded $30 billion. From this point on, we judged that the stablecoin market had grown sufficiently, so we decided that comparison from now on was appropriate. The current stablecoin market capitalization is $166 billion, primarily used for storage or remittance, with only 21% held on…
james ding November 1, 2024 08:28 The study investigates how trade order policies affect arbitrage profitability in Ethereum Layer 2 solutions, highlighting the effectiveness of time advantage strategies. Recently exploring layer 2 solutions on Ethereum, researchers investigated how different trade order policies affect arbitrage opportunities. The study, authored by academics including Akaki Mamageishvili, Offchain Labs’ Ed Felten and others, examined the potential profitability of arbitrage strategies when time advantages are auctioned for inclusion of transactions in layer 2 networks, according to Offchain Labs. Research Methodology This study outlines three scenarios to evaluate the impact…
Bitcoin price is correcting gains in the $73,500 area. BTC is back below the $70,000 level and is showing some signs of weakness. Bitcoin began a new downtrend in the $73,500 range. The price is trading below $71,500 and the 100-hour simple moving average. On the hourly chart of the BTC/USD pair (data feed from Kraken), a break has occurred below the main bullish trendline supporting $70,000. The pair is showing some bearish signs and may test the $68,500 support zone. Bitcoin Price Trim Profit Bitcoin price failed to trade at a new all-time high and began a downward correction…
UNI is struggling to break out of its downward trend despite Uniswap reaching $2 trillion. Technical indicators suggest a potential bounce, signaling market interest as open interest increases. Uniswap (UNI) Recently, the cumulative transaction volume of the Ethereum layer 1 blockchain reached a whopping $2 trillion, further highlighting its importance in the decentralized finance ecosystem. However, the protocol’s governance token, UNI, is still declining, raising concerns among investors. Trading at $7.18, down 4.61% at press time, Uniswap faces a tough road to recovery. The key question now is whether this milestone can spark enough momentum to reverse Uniswap’s bearish trajectory.…
Iris Coleman November 1, 2024 08:46 Anthropic emphasizes that as AI capabilities grow rapidly, targeted AI regulation is needed to leverage the benefits while mitigating the risks. The company describes its responsible expansion policy as a model of proactive safety measures. As artificial intelligence (AI) systems rapidly advance, there is a growing need for targeted regulation to address potential risks without stifling innovation. According to Anthropic, a leading AI research company, governments around the world must act quickly to implement AI policies within the next 18 months to prevent catastrophic risks. The need for…
Updated November 1, 2:29 PM (UTC): This article has been updated to include a quote from the Messari protocol service.Institutional investment in Solana-based blockchain applications reemerged in the third quarter of 2024.During the third quarter, 29 Solana-based decentralized applications (DApps) raised a cumulative $173 million, an increase of more than 54% compared to the previous quarter.According to a Messari Protocol Services report shared with Cointelegraph, this funding amount represents the highest level of investment in Solana since the second quarter of 2022, despite a 37% decrease in the number of funding rounds.Solana invested in the third quarter. Source: MessariMatthew Nay,…
“On the go” and “in your hand” are two things we are used to hearing in our increasingly mobile world. Apps like Kraken Pro have set the standard for what can be achieved when trading cryptocurrencies from a smartphone.Today we have something slightly less mobile, but much more powerful, for you. It’s Kraken Desktop, the default desktop app. With advanced features for professional traders, Kraken Desktop is designed for any cryptocurrency trading strategy. Kraken Desktop is built differently. While other desktop applications rely on web-based architecture, we developed this app from scratch using Iced, a low-latency, low-memory GUI library built…