Analysts at QCP Capital highlighted that Ethereum significantly underperformed Bitcoin in August and warned that further declines could come in September.”Bitcoin ended August down 8.6%. We started the month with the ‘Bank of Japan crash’ and Bitcoin never recovered above $65,000. Ethereum Ethereum +1.03% “August performance was quite weak, down 22.2%, due to the alleged selling by Jump Trading,” QCP Capital analysts said.The price declines for both Bitcoin and Ether in August came amid a period of significant volatility in the cryptocurrency markets. The bulk of the price action last month began on August 4, when major tokens plunged along…
Author: Crypto Flexs
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September is considered an important month for cryptocurrencies, with most assets seeing declines. Current market sentiment is fearful, which could impact the trend this month. In recent weeks, Bitcoin (BTC) has experienced significant price volatility, dropping below the psychological level of $60,000. While this downtrend is affecting the entire cryptocurrency market, it also shows the potential for a cryptocurrency bull market, especially since September is historically known as a month of negative trends in financial markets. However, several indicators suggest that this pattern will break down in September and cryptocurrencies will show strength. Decrease in foreign exchange reserves One of…
Caroline Bishop Sep 02, 2024 02:26 BNB Chain introduces a variety of new projects, from DeFi to AI to Web3 games. Discover the latest additions to the BNB Chain ecosystem. The BNB Chain ecosystem continues to expand with several new projects onboarded from August 20 to August 31, 2024. According to the BNB Chain Blog, these additions span a variety of sectors, including DeFi, AI, Decentralized Social Networks (DeSoc), and Web3 Games. Highlighted Projects Among the new projects is LIKWID. Decentralized Finance A (DeFi) platform that offers loss-free pre-sales and trading fee sharing. The…
02 Sep Bitfinex Alpha | What happens to BTC when the price drops? Posted at 12:08h On Bitfinex Alpha By Tammy SubscribeTo Bitfinex Alpha! Would you like to receive alpha from Bitfinex every week? Subscribe This month’s US rate decision is expected to have a significant impact on Bitcoin’s short-term volatility and long-term trajectory. Since early August, Bitcoin has gained over 32% as traders anticipate dovish comments from the Fed. A 25 basis point cut would likely signal the start of a typical easing cycle, which could lead to a longer-term price rally for Bitcoin as liquidity increases and recession…
Contrary to their name, many decentralized autonomous organizations are not autonomous, and control is often centralized among large token holders who have the power to influence governance decisions.A whale or small group of holders controlling around $17 million in tokens could attack a protocol that controls over $2 billion in user funds. Ironically, the inaction of other whales is also a problem. Their enormous voting power can protect the protocol from governance attacks, but it is often wasted doing nothing in the background. “The amount of money needed to attack these governance protocols is not that large, as participation in…
According to a post on the X platform by Nate Gerachi, president of ETF Store, an ETF specialist investment advisory firm, 13 of the 25 largest ETFs launching in 2024 by inflows this year are cryptocurrency exchange-traded funds (ETFs). According to Geraci, of the roughly 400 new ETFs expected to launch in 2024, the four largest by inflows were all spot Bitcoin (BTC) ETFs. BlackRock’s iShares Bitcoin Trust (IBIT) tops the charts, with net inflows of nearly $21 billion so far. It is followed by the Fidelity Wise Origin Bitcoin Fund (FBTC) with net inflows of nearly $10 billion, while…
Art CrotuArt is a cryptographic security expert and researcher with a serial entrepreneurial background. His degree in physics and his experience in several cutting-edge industries such as fintech, secure hardware and semiconductors, and identity give him a unique and multifaceted perspective on the issues of personal key management in cryptographic networks and the overall evolution of the internet.In his current work, he is studying how to inherit cryptographic keys without threatening third parties, especially in edge cases. He also advocates: “Fault Tolerance Through Secret Automation”He discusses the quantitative impact of user experience factors on the adoption of non-archive solutions.One of…
Hope you had a great weekend, folks. In today’s newsletter, the SEC warned FTX not to pay off creditors with stablecoins, OKX hired a former MAS executive as its CEO in Singapore, and global crypto investment products saw net weekly outflows of over $300 million.Let’s get started.SEC Warns FTX About Stablecoin RedemptionThe SEC warned in a recent filing that it may oppose any attempt by FTX to repay creditors with stablecoins or other digital assets. While some creditors have demanded a cash distribution with repayment in cryptocurrency instead of cash, FTX’s current plan is to repay creditors in cash or…
Alvin Lang Sep 02, 2024 03:06 Binance launches a new word game themed ‘Scam Prevention’ and is giving away 500,000 Binance Points to eligible users. Binance has announced the launch of a new educational game called Word of the Day (WOTD) themed around ‘Know Your Scam.’ According to Binance, the initiative will run from September 2 to September 8, 2024, giving participants a chance to share in a pool of 500,000 Binance Points. How does it work? All eligible users can participate in up to 2 WOTD games per day. To receive a share…
All major market cap meme coins are down an average of 63.73% from their yearly highs. SHIB, DOGE, and WIF have seen a surge in derivatives volume despite liquidations piling up. The market continues to weaken as the CMF index shows declines across all three major coins. The meme coin craze of March 2024 saw several dog-themed meme currencies hit all-time highs. Since then, all major capitalization dog coins have seen double-digit price rebounds. OG Meme Dogecoin Shows Resilience According to blockchain data from LookOnChain, the top three coins by market cap, Shiba Inu (SHIB), Dogecoin (DOGE), and Dogepart (WIF),…