October has historically been one of the strongest months for Bitcoin (BTC), but one trader argues that it would be wrong to place too much importance on the month as a whole.“I think it is a mistake to focus too much on a month, a period, or any larger unit of time,” Oliver Velez wrote in an X post on October 2.Bitcoin’s average monthly return in October was 20.65%. Source: CoinglassVeles emphasized that although October is often referred to as the ‘Uptober’ due to historically strong returns, it is generally the second half or second half of October that tends…
Author: Crypto Flexs
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Crypto asset management giant Grayscale has launched a new trust that provides investors with exposure to the decentralized finance (DeFi) protocol Aave (AAVE). The cryptocurrency company’s new product invests only in Aave’s native tokens and functions like the company’s other single-asset trusts. Launched in 2017, Aave aims to serve as a decentralized liquidity protocol for lenders and borrowers. Rayhaneh Sharif-Askary, head of product and research at Grayscale, said in a press release that the project has the “potential to revolutionize traditional finance.” “Aave’s decentralized platform aims to leverage blockchain technology and smart contracts to optimize lending while eliminating intermediaries and…
Timothy Morano October 4, 2024 11:06 Australian scientists use AI to study Antarctic moss and discover important climate change insights. This innovative approach uses edge computing to analyze moss health under harsh conditions. AI technology at the forefront of climate research Antarctica’s role in regulating Earth’s climate makes it a center for climate research. Most research focuses on carbon uptake in the Southern Ocean or the continent’s reflecting glaciers, but a team of Australian scientists is exploring another aspect: the health of Antarctic mosses. Leveraging an AI-powered edge computing platform, these researchers aim to…
Aptos’ network activity and user base have surged, signaling strong momentum for future growth. Increased trading volume and open interest indicate increased investor confidence and potential price appreciation. Aptos (APT) It is making waves in the cryptocurrency market, experiencing significant on-chain activity that is capturing the attention of investors and analysts alike. At press time, APT was trading at $8.85, up 4.72% in the last 24 hours. These bullish indicators raise the following questions: Can Aptos maintain this momentum and drive its price to new heights? APT network activity is surging, with transaction rates reaching an all-time high of 1,051…
Bitcoin (BTC) is up 2.4% since retesting the $59,900 support level on October 3, despite facing initial resistance at $62,000. The rise on October 4 was primarily driven by macroeconomic factors, including U.S. employment data, expectations of stimulus from Japan and growing concerns about the U.S. financial system.The U.S. economy is booming, but financial conditions have worsened. Interestingly, the US dollar surged to 50-day highs against other major currencies, including the euro, British pound and Japanese yen. Historically, the relationship between the US Dollar Index (DXY) and Bitcoin has been inversely correlated. But this latest move seems to defy that…
Ethereum remains by far the largest smart contract platform by market capitalization. Ranked second in the market capitalization leaderboard, the network hosts dapps across multiple sectors. According to DeFiLlama, following the demise of the metaverse, gaming, and NFT activity, DeFi is expecting a steady recovery in Total Value Locked (TVL). DeFi Drives Ethereum Gas Fee Generation DeFi’s dominance on Ethereum continues to show how smart contracts and distributed ledgers have revolutionized finance. To confirm this position, and specifically to look at gas price trends and primary sources over the years, DragonFly’s managing partners chose X to share data from CoinShares.…
Sui (SUI) price continued its upward trend on October 4, up 115% over the past 30 days. SUI rose 170% from a low of $0.742 on September 2 to a six-month high of $2, according to data from Cointelegraph Markets Pro and TradingView. This is 8.8% below the all-time high of $2.18 reached on March 27. .SUI/USD daily chart. source: TradingViewCompared to SUI, the overall cryptocurrency market capitalization increased 4.4% to $2.15 trillion last month, and Bitcoin (BTC) rose 7.3% during the same period to trade at $62,142. Therefore, SUI’s performance last month saw the second-highest 30-day gain among the…
The cryptocurrency market is currently at a critical juncture, commanding a staggering $2.26 trillion in global market capitalisation as we move deeper into the final quarter of the year 2024. As much as Bitcoin and Ethereum maintain their dominance, a slew of innovative projects are fast-rising with innovative ideas to challenge the norm in the ecosystem.Now that the cryptocurrency market has reached new heights of potential, investors have changed their focus to support platforms with products and offerings that solve the major problem that the cryptocurrency ecosystem faces using innovative approaches.This article will explore these projects, dissecting their technical underpinnings,…
Terrill Dickey October 4, 2024 17:09 We explore Yehuda Lindell’s journey from academic research to deploying advanced crypto solutions at Coinbase, highlighting the challenges and mindset shifts involved. Yehuda Lindell, a prominent figure in the crypto space, has charted an incredible path from academic research to implementing advanced crypto solutions at Coinbase. According to a16z crypto, his journey highlights the challenges and mindset change required for such a transition. From academia to startups Lindell’s career began in academia, focusing on the theoretical and applied aspects of secure multi-party computing (MPC). His tenure as Professor…
BBVA, one of Spain’s largest financial institutions, has announced plans to launch a stablecoin product by 2025. The organization is currently in the sandbox phase and will be developed in collaboration with credit giant Visa as part of one of the first projects to use its services. Launch a stablecoin. BBVA plans to launch Stablecoin on (…).