A prominent analyst has updated his outlook for Ethereum (ETH) and Solana (SOL) as he expects the cryptocurrency market to see a bullish turn later this year. A pseudonymous trader named Altcoin Sherpa told his 222,400 followers on social media platform X that a “full transfer” phase for the cryptocurrency is expected around December or early next year. “Personally I’m bullish going into the latter part of Q4, but until then I honestly have no idea. I still expect a bit of a pullback in September/October and a bit of a fake pullback in November. But by December/January 2024 we…
Author: Crypto Flexs
Read More
In August, monthly fees earned by decentralized finance protocols fell 24.4% compared to July, reaching their lowest level since February.According to The Block’s data dashboard, August fees were significantly lower than July’s $381.45 million and far below March’s $494.14 million. However, last month’s protocol fees were higher than February’s $265.18 million. Fee amounts are often used to measure the popularity and usage of DeFi protocols.This month, the cumulative fees for DeFi protocols excluding the base layer were $288.38 million. Lido had the highest fees at $76.18 million, followed by Uniswap, Jito, and PancakeSwap. “Users have noticed a decline in sustainable…
Revised proposal sparks interest In a significant development for cryptocurrency investing, several asset managers have revised their Ethereum ETF proposals. The updates, filed with the SEC on June 21, indicate that they are ready for a July launch. VanEck, BlackRock, Grayscale, Invesco Galaxy Digital, and Fidelity are among the firms fine-tuning their offerings.Competitive fee structure VanEck’s filing sets a competitive benchmark in the industry by disclosing a 0.20% management fee for the Ethereum fund. The move puts pressure on other asset managers like BlackRock to keep their fees low. Fidelity’s updated filing shows strong support from FMR Capital, which seeded…
Iris Coleman Sep 3, 2024 03:23 Binance will be performing wallet maintenance for BNB Smart Chain (BEP20) on September 5, 2024, which will result in the suspension of deposits and withdrawals for 2 hours. Binance, one of the world’s largest cryptocurrency exchanges, has announced that it will be performing wallet maintenance for BNB Smart Chain (BEP20) on September 5, 2024. According to Binance, the maintenance is expected to begin at 07:00 (UTC) and last approximately 2 hours.Impact on deposits and withdrawalsTo support this maintenance, Binance will suspend deposits and withdrawals on BNB Smart Chain…
XRP Could Soar Amid Potential ETF Launch, Key Price Range Sets Foundation for Bullish Market Analysts suggest that XRP may soon have its last chance to surge and rally below $1. Ripple (XRP) stood at ~ $0.5511 At the time of writing, it was down 1.38% in the last 24 hours and 7.88% over the past week. XRP, which had a trading volume of $887.67 million over the last 24 hours, has a market cap of approximately $31.01 billion. Despite recent price volatility, XRP is showing stability around the $0.55 level, but traders should be aware of potential moves as…
Company • September 2, 2024 11:15 PM EDT Posted 1 minute earlier ~ in Global digital asset custody firm BitGo has added South Korean telecommunications giant SK Telecom and the country’s largest financial institution, Hana Financial Group, as major shareholders and strategic partners of the company’s Asia-Pacific subsidiary.Hana Financial Group has acquired a 25% stake in BitGo Korea, while SKT has acquired a 10% stake, BitGo CEO Mike Belsh said Tuesday at the Korea Blockchain Week 2024 event in Seoul. BitGo Korea is a joint venture with Hana Bank established earlier this year. BitGo first partnered with Hana Bank in…
Jorg Hiller Sep 3, 2024 01:43 The first Web3 gaming handheld, the SuiPlay0X1, is available for pre-order starting at $599. It integrates Sui games and Steam for a unique gaming experience. According to The Sui Blog, the pioneering Web3 gaming handheld, the SuiPlay0X1, is now available for pre-order. This first-of-its-kind device uniquely combines traditional and blockchain gaming experiences by integrating Sui games with popular gaming platforms like Steam. SuiPlay0X1 Features and Specifications Unveiled at Korea Blockchain Week, SuiPlay0X1 combines AAA gameplay with blockchain-based digital asset functionality. Gamers can enjoy their favorite titles from the…
BNB (BNB), the native token of the BNB chain, fell 16.1% between August 23 and September 2, dropping from a high of $598.80 to a low of $502.10. However, significant buying activity has been seen below $510, causing BNB to recover some of its losses and is currently trading at $517.Investors are concerned that BNB may have entered a bear market, especially since the token has not been able to hold above $610 since mid-June. Reduced activity on the BNB chain creates selling pressure BNB chain indicators show a decline in interest, especially in decentralized exchange (DEX) volumes. As a…
Please refer to our Privacy Policy, Terms of Use, cookie, and Do not sell my personal information has been updated.Coindesk is Award winning A media outlet covering the cryptocurrency industry. Its journalists adhere to the following: Strict editing policy. November 2023CoinDesk has been acquired. Owner of Bullish Group stress, A regulated digital asset exchange. Bullish Group is majority owned by: Block.one; both companies understanding We are engaged in various blockchain and digital asset businesses and hold significant amounts of digital assets, including Bitcoin. CoinDesk operates as an independent subsidiary with an editorial board to protect the independence of its journalism.…
People • September 2, 2024 11:47 AM EDT Posted 1 minute earlier ~ in Trump-backed World Liberty Financial Named Dolomite co-founder Corey Kaplan served as an advisor on the project.Caplan co-founded Dolomite, a DeFi platform that describes itself as a next-generation money market platform and decentralized exchange. Since launching on Arbitrum One in October 2022, it has expanded its presence to other blockchain ecosystems, including Polygon’s zkEVM, Mantle, and X Layer, and offers a range of services, including margin trading, lending, and portfolio management.World Liberty Financial is an unreleased cryptocurrency project promoted by Donald Trump’s sons Eric and Donald Jr.,…