Layer 1 altcoin Avalanche (AVAX) replaces SHIB in the cryptocurrency rankings. The Shiba cryptocurrency sparked a 12% rally but remained below key resistance levels. Shocking Derivatives statistics show that 90% of 24-hour liquidations are buys. Altcoins recently rebounded significantly as Bitcoin surpassed $73,000, but meme coins hit a record high with a 20% increase in market capitalization in 24 hours. Dogecoin (DOGE) and Shiba Inu (SHIB) saw the biggest gains in the cryptocurrency rankings, outperforming the top altcoin names.SHIB also switched positions with Avalanche (AVAX), an altcoin supporting layer 1 blockchain. SHIB, currently ranked 14th, has a market capitalization of…
Author: Crypto Flexs
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MrBeast reportedly made $23 million from insider trading in cryptocurrency projects. He allegedly used 50 wallets to promote and dump tokens, misleading investors. Evidence includes publicly shared Ethereum addresses linked to $13 million in transactions. YouTube sensation MrBeast, known for his engaging content and 320 million subscribers, is facing serious charges related to cryptocurrency trading. A group of blockchain investigators allege that MrBeast, whose real name is James Stephen “Jimmy” Donaldson, profited significantly from questionable cryptocurrency trading, including a whopping $23 million in what is described as insider trading. MrBeast investigation by Loock.io MrBeast reportedly operated around 50 wallets, utilizing…
Crypto analyst and trader Michaël van de Poppe highlighted a competitor to Solana (SOL) that could see a huge upside during this cycle. In a new video, Van de Poppe tells his 166,000 YouTube subscribers that the native token of layer-1 blockchain Sei (SEI) has “a lot of upside potential.” According to Van de Poppe, Sei could rise between 1,188% and 3,765% from current levels. “…if we have an estimate of between $50 billion and $100 billion (based on the fully diluted value of Sei), knowing that the ecosystem is growing as big as it is and exceeding the inflation…
Louisa Crawford November 1, 2024 12:38 Binance is introducing a new game that allows users to collect cryptocurrency plants and share a 2 million Binance Points reward pool to increase user engagement and loyalty. Leading cryptocurrency exchange Binance has unveiled Binance Garden, an engaging new activity for its users. Participants are invited to collect cryptocurrency plants by performing actions such as trading, depositing, purchasing cryptocurrency, and inviting friends to the platform. According to Binance, this initiative is part of a broader effort to increase user engagement and loyalty. Activity Overview The activity is set…
Gaming and engagement platform Major has established itself as one of the biggest mini-apps on Telegram, offering players the task of accumulating stars in a variety of ways, including through simple gameplay. One of them is inspired by the co-creator of Telegram.Puzzle Durov is a daily challenge featuring a cartoonish face based on Telegram co-founder and CEO Pavel Durov, and it’s super simple. Just choose the right combination of different Durov faces in the right order and you’ll get 5,000 stars. It’s that easy!This has a similar vibe to the Tomarket combo and is an easy way to rack up…
TRON achieved the second highest monthly revenue in October with $205 million. Despite high trading volume and revenue growth, TRON’s total value locked (TVL) has recently declined. TRON (TRX) capped off a very successful month in October, hitting a record profit milestone. In fact, rAccording to recent data shared by Justin Sun, the network generated $205 million in revenue. This is the second highest monthly figure, following $220 million in August. Key drivers included a surge in trading volume due to growing interest in memecoins on the TRON network. However, while network revenue soared, TRX’s Total Value Locked (TVL) fell.…
Peter Jang November 1, 2024 13:09 Binance will adjust the tick sizes of various USDⓈ-M perpetual futures contracts to improve market liquidity and user experience. Binance, a leading cryptocurrency exchange, announced upcoming changes to the tick size of several USDⓈ-M perpetual futures contracts. According to Binance, these changes will take effect on November 4, 2024 at 06:30 UTC. Purpose of tick sizing The main goal of this adjustment is to enhance market liquidity and improve the trading experience for users. Tick size represents the minimum price increment available for trading. By modifying these parameters,…
Tony Kim November 1, 2024 13:29 Ethereum’s All Core Developers Consensus Call #145 highlighted ongoing development efforts, focusing on updates on Pectra Devnet, PeerDAS, and new EIP proposals. Ethereum’s All Core Developers Consensus Call #145, held on October 31, 2024, included a comprehensive review of ongoing projects and future plans for blockchain development. The biweekly meeting, chaired by Ethereum Foundation researcher Alex Stokes, serves as a platform for developers to discuss and coordinate changes to the Ethereum consensus layer, known as the Beacon Chain. Spectra Devnet 4 Update During the call, EF DevOps Engineer…
XYO, a decentralized physical infrastructure network (DePIN), made the connection from Ethereum to Solana, citing the layer 1 blockchain network’s “high throughput, low transaction costs, and scalability,” XYO said in a blog post on October 31. “XYO tokens are now natively available on both Solana and Ethereum, enabling broader cross-chain access and flexibility,” according to the post. DePIN’s native XYO token can now be traded against tokens including Solana (SOL) and USD Coin (USDC) on Solana’s native decentralized exchanges (DEXs) Jupiter and Raydium.“The introduction of .” Levin, co-founder of Markus XYO, told Cointelegraph on November 1:The launch on Solana is…
Tony Kim November 2, 2024 14:27 Animoca Brands will launch its first consumer Web3 event, GEN3 Playground, at K11 Musea, Hong Kong on November 2, 2024, offering immersive digital experiences. Animoca Brands, a leading player advancing digital property rights for games and the open metaverse, has announced the launch of its first GEN3 Playground event. Scheduled for 2 November 2024, the event will be held at the K11 Musea Arts and Culture Center in Hong Kong and marks a significant milestone as Hong Kong’s first consumer-focused Web3 event. Exploring Web3 and digital ownership GEN3…