Amid recent positive sentiment shifts for Bitcoin (BTC), recent data from the decentralized finance (DeFi) options protocol shows traders are becoming more skeptical about the performance of Ethereum (ETH).“ETH is selling at nearly 2.5x the number of currencies being bought, which suggests traders may believe ETH’s upside potential is limited,” Derive founder Nick Forster said in an Oct. 13 report reviewed by Cointelegraph. “He said.Traders view ETH’s potential for significant price appreciation as ‘limited.’Citing data from Derive, the report said Ether Calls Sold (where traders sell call options expecting prices to stay the same or fall) were up 34.5% at…
Author: Crypto Flexs
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Amid recent positive sentiment shifts for Bitcoin (BTC), recent data from the decentralized finance (DeFi) options protocol shows traders are becoming more skeptical about the performance of Ethereum (ETH).“ETH is selling at nearly 2.5x the number of currencies being bought, which suggests traders may believe ETH’s upside potential is limited,” Derive founder Nick Forster said in an Oct. 13 report reviewed by Cointelegraph. “He said.Traders view ETH’s potential for significant price appreciation as ‘limited.’Citing data from Derive, the report said Ether Calls Sold (where traders sell call options expecting prices to stay the same or fall) were up 34.5% at…
Opacity Labs, developer of Opacity Network, a data verification platform using zero-knowledge proofs, has raised $12 million in a seed funding round.Archetype and Breyer Capital co-led the round with participation from a16z Crypto Startup Accelerator (CSX), Finality Capital Partners, Bodhi Ventures, and Escape Velocity (EV3), Opacity Labs said on Tuesday.Startup Hersh Patel told The Block that the startup began its fundraising efforts last July and closed the round last month. Patel declined to disclose the specific valuation, saying the funding round was structured as a SAFE (simple contract for future assets) that included a valuation cap and token warrants.This seed…
The number of TON wallet addresses has exceeded 100 million. Telegram integration drives user growth. Nonetheless, TON fell 35% after ATH. The TON blockchain has seen impressive growth recently. Year after year, TON’s TON wallet addresses grew by nearly 3000%, totaling over 100 million. This tremendous growth was mainly due to the integration of TON and Telegram, especially Telegram Games. Despite these impressive metrics, Toncoin’s price is not keeping up with user growth. The token is down 35% from its all-time highs earlier this year. A closer look at the numbers shows why. 3000% surge in TON wallets: what’s behind…
Felix Pinkston October 15, 2024 07:41 The Hong Kong Monetary Authority has issued a warning about fraudulent websites impersonating DBS Bank (Hong Kong), urging the public to be wary of online scams. The Hong Kong Monetary Authority (HKMA) has issued a public warning against fraudulent websites falsely claiming to be associated with DBS Bank (Hong Kong) Limited. This scam has been reported to the HKMA and highlights the growing problem of online banking fraud. Details of fraudulent activity According to the HKMA, the fraudulent website is part of a scheme to defraud customers by…
Bitcoin (BTC) price has rebounded more than 25% from its September 6 low of around $52,546, and on-chain and technical indicators indicate that BTC continues to recover to new all-time highs. Bitcoin open interest has reached an all-time high.Bitcoin’s open interest (OI)-weighted perpetual futures funding ratio has hit a multi-month high, indicating that the current bullish situation may persist in the near term.According to data from CoinGlass, the current Bitcoin OI-weighted funding ratio is 0.0136%, a level last seen on June 7, when Bitcoin briefly hit $71,950. Positive funding ratios generally indicate bullish market sentiment, but should be interpreted with…
Key Takeaways Singularity Finance aims to enhance DeFi applications by tokenizing AI assets. The merger includes token conversion of SDAO, CGV and KEY to SFI. Share this article Three blockchain projects – SingularityDAO, Cogito Finance, and SelfKey – have joined forces to launch Singularity Finance, a new EVM layer 2 platform designed to tokenize real-world assets in the AI economy. https://t.co/T4yv5XsNAN — SingularityDAO (@SingularityDAO) October 15, 2024SingularityDAO said in a press release Tuesday that as part of the federation, each of the project’s tokens, including SDAO, CGV, and KEY, will be merged into a single unified token called “SFI.”The conversion…
According to cryptocurrency tracker Lookonchain, whales have been gobbling up Ethereum (ETH), the native token of decentralized exchange (DEX) Uniswap (UNI), and a handful of other decentralized finance (DeFi) tokens. Lookonchain pointed out that an unknown whale wallet withdrew 299,133 UNI worth $2.39 million from cryptocurrency exchange Gate.io over the weekend. The same whale also recently accumulated other DeFi altcoins, withdrawing 19,373 Aave (AAVE) worth $2.95 million and 596 Maker (MKR) worth $805,000 from Binance between August 13 and September 12. Lookonchain also noted that a whale wallet associated with investment firm Longling Capital purchased 5,000 ETH worth $12.34 million…
Bitcoin BTC +1.61% The stock is showing upward momentum that could push it up to its pre-election price of $73,800, according to Geoff Kendrick of Standard Chartered.This potential price rise is being fueled by a combination of factors, including a steepening U.S. Treasury yield curve, renewed market interest in physical Bitcoin exchange-traded funds, and the rising odds of Donald Trump winning the upcoming U.S. presidential election. Kendrick added.“For Bitcoin, this combination of factors is likely to push it towards a pre-election all-time high of $73,800,” Standard Chartered’s global head of digital asset research said in a note on Tuesday.Kendrick observed…
World Liberty Financial, a DeFi project backed by the Trump family, has secured over 100,000 accredited US investors for its WLFI token pre-sale whitelist scheduled for October 15th.The project is expected to raise $300 million in funding and has an estimated value of $1.5 billion. This launch comes just a few weeks ahead of the US presidential election, in which former President Donald Trump is running as the Republican candidate.WLFI token pre-saleIn an X Spaces discussion on October 14, co-founders Zachary Folkman and Chase Herro outlined the platform’s core services and highlighted the platform’s long-term goal of making DeFi more…