Bitcoin (BTC) reached an all-time high of $99,609 on November 22 before facing an 8.2% decline over four days. The decline resulted in the liquidation of $250 million in bullish leveraged positions, but did not cause panic or push major indices into bearish territory. .Bitcoin futures total liquidation, USD. Source: CoinglassAs shown in the purple area, the 22.6% price surge from November 9 to November 13 resulted in $342 million in buyer liquidation through BTC futures contracts. Therefore, this price correction does not necessarily signal a trend reversal, but rather reflects temporary excessive leverage by derivatives traders.It is important to…
Author: Crypto Flexs
Read More
Cryptocurrency exchange Binance plans to delist five cryptocurrency tokens by December for not complying with industry standards.According to an announcement on November 26, Binance will delist trading pairs for Gifto (GFT), IrisNet (IRIS), SelfKey (KEY), OAX (OAX), and Ren (REN) by December 10. It is planned. Arbitrage strategies, lending and futures positions for these tokens will close on December 3, while isolation and cross-margin borrowing will cease on November 27. The announcement triggered a significant sell-off, sending the token plummeting nearly 40%, with the price down to just a few cents at the time of this writing. According to CoinGecko,…
james ding November 26, 2024 17:12 Learn how Gemini AI is transforming holiday planning by streamlining tasks like brainstorming gifts, organizing calendars, planning parties, and more, according to the Google blog. As the holidays approach, many people feel overwhelmed by the numerous tasks required to prepare for the celebration. According to the Google blog, Gemini AI has proven to be a useful tool in managing these responsibilities efficiently. Simplify gift brainstorming Gemini AI is being leveraged to enhance the gift-giving process by providing customized suggestions based on specific criteria. Users can enter details such…
Yellow Panther: A Gamer Wearing Many Hats Web3 gaming star Yellow Panther wants to set the record straight. Full-time gaming is more than just a game. You’re basically running a multi-operation business without a suit and tie. Speaking to Web3 Gamer at the Yield Guild Games Play Summit in the Philippines, Yellow Panther, also known as “YP,” has become one of the most popular Web3 gamers at just 26 years old, “advising several large gaming companies and working on their projects.” “I realized I had a lot of knowledge, but I didn’t have market intelligence to begin with. I was…
Pump.fun will pause its live streaming functionality. Influential people were performing dangerous stunts. Platform for double coordination. Solana’s memecoin dominated trading this year thanks to Pump.fun. This platform makes launching a memecoin easier than ever and anyone can do it. But there are also downsides to this. Recently, Pump.fun had to shut down its short-lived live streaming feature. Although Memecoin’s creators hoped to provide a way to connect with their audience, they faced significant backlash for its content. That said, there are many streamers who engage in aggressive, dangerous, or outright criminal behavior. The dangerous case of Pump.fun Pumping memecoins…
Rebecca Moen November 26, 2024 10:51 Canaan Inc. successfully closed its Series A-1 preferred stock financing, raising $30 million. The transaction includes the issuance of 30,000 shares of convertible preferred stock to institutional investors. Canaan Inc. (NASDAQ: CAN), a prominent provider of high-performance computing solutions, announced the successful closing of its Series A-1 preferred stock financing. The company raised $30 million in total proceeds, according to PR Newswire. Financing Details Funding was confirmed on November 19, 2024, when Canaan signed a securities sales agreement with institutional investors. Under the agreement, Canaan issued and sold…
Digital asset manager CoinShares said institutional investors invested more than $3 billion in cryptocurrency products last week. Latest Digital Asset Fund Flows reportInstitutional cryptocurrency investment products surged in net inflows of $3.13 billion last week, setting a new inflow record, according to CoinShares. “Digital asset investment products recorded record weekly inflows totaling $3.13 billion, bringing total inflows to $15.2 billion since mid-September when interest rates were first cut in the US. Annual inflows now stand at a record $37 billion, driven primarily by Bitcoin, far surpassing the debut of the US gold ETF, which attracted just $309 million in its…
Investing in cryptocurrency often feels like navigating a digital treasure map. Each coin has its own story, promise, and magic. Imagine a future world powered by artificial intelligence, decentralized ecosystems, and seamless blockchain technology. This is a playground for coins like Bittensor, an innovative take on AI and blockchain convergence. Stellar, a long-time champion of fast, affordable global payments; Celestia, innovating modular blockchain architecture; Ondo is shaking up DeFi with real-world asset tokenization ImmutableBut wait a minute. This is not your average cryptocurrency list. The new kid on the block, Qubetics ($TICS), a no-code, AI-powered development platform, is flipping the…
Chainwire, Paris, France, November 25, 2024The acquisition is intended to strengthen Request Finance’s regulatory compliance and expand its global multi-currency payment options for businesses. Customers can now pay third parties, pay bills, and pay employees with one-click on/off ramp functionality.Request Finance, a prominent platform for cryptocurrency and fiat financial operations, announced the acquisition of Pay.so Lithuania, a European regulated virtual asset service provider (VASP). This acquisition enables Request Finance to offer a fully compliant, one-click on- and off-ramp payment solution that bridges cryptocurrency and fiat for businesses of all sizes.Request Finance’s mission is to foster cryptocurrency adoption among compliant businesses.…
HighlightsImmortal Rising 2 builds on the success of its predecessor, which achieved over 2 million downloads in its first year.A TGE event for the IMX token is scheduled before this quarter. Planetarium Labs, a community-driven, well-funded Web3 gaming company, recently announced the launch of its Immortal Rising 2: Path of Ascension Play 2 airdrop (P2A) campaign. According to the announcement, pre-registration for the P2A campaign will continue until November 27 to give participants a chance to win SoulBound Tokens (SBT). SBT also offers holders a unique opportunity to unlock special rewards until the end of the campaign. Specifically, the first…