BNB Chain’s native token, BNB (BNB), soared to $614 on September 27, marking a 25.7% gain in three weeks. BNB closed above this level for the first time since June 2024, sparking speculation that the bullish momentum could expand further. However, some market participants said the rally was driven by the release of Binance founder Changpeng “CZ” Zhao from US custody after being detained for four months.BNB/USD (blue) vs. altcoin market cap (green). Source: TradingViewSince BNB’s performance closely mirrors the broader altcoin market over the past three weeks, there is little support for the theory that CZ’s launch is driving…
Author: Crypto Flexs
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October has historically been a strong month for altcoins and cryptocurrencies in general. Building massive momentum thanks to growing demand and favorable market conditions, several altcoins are also inching closer to breaking previous all-time highs. This analysis highlights four altcoins poised for explosive growth in the coming months and how they could hit all-time highs in October 2024. The list includes LayerZero (ZRO), Sui (SUI), Binance Coin (BNB), and MANTRA (OM). ). Layer Zero (ZRO) LayerZero is a multichain interoperability protocol designed for cross-chain communication between blockchain networks. The native token, ZRO, is currently trading at $5.06, up 27.70% over…
Timothy Morano September 28, 2024 11:16 Learn the basics of yield farming, including how DeFi works, its importance, and potential risks, according to Gala News. Yield farming has become a cornerstone of decentralized finance (DeFi), giving users a way to earn rewards by staking digital assets. According to Gala News, this introductory guide aims to explain the basics of yield farming, its importance and the potential risks involved.What is Yield Farming?Yield farming is a popular concept in DeFi where users can earn rewards by lending or staking their cryptocurrencies on blockchain-based platforms. This process…
Bitcoin (BTC) hit $65,000 after the Wall Street open on September 26 as macro events in the United States fueled a rise in risk assets.BTC/USD 1-hour chart. Source: TradingViewBitcoin is on the rise as China adds to the risk asset craze.BTC price momentum hit a nearly two-month high of $65,521 on Bitstamp, according to data from Cointelegraph Markets Pro and TradingView.The gains continued as U.S. Treasury Secretary Janet Yellen raised hopes that the Federal Reserve would achieve a “soft landing” on inflation.In her interview with CNBC, Yellen painted an optimistic picture of the U.S. economy, a picture that Federal Reserve…
Sports and blockchain find synergies in Chiliz’s new venture. According to CoinGecko, the market capitalization of the SportFi token sector is approaching $2 billion. Since the return of the Champions League, Chiliz has recorded a 22% increase. Popular sports-focused blockchain Chiliz (CHZ) is entering a new era in the blockchain space with a new independent subsidiary. Chiliz Sports aims to foster new sports partnerships, hire blockchain developers passionate about sports, and leverage Chiliz Group’s expertise in the field. Top European Clubs Joining Web3 The Chiliz blockchain began supporting Socios.com, the most popular soccer fan token platform, in 2018. The Web3…
It’s Friday! In today’s Daily, Tornado Cash co-founder Roman Storm’s motion to dismiss was denied, with Senator Lummis saying Republican control of the Senate would benefit digital assets. bitcoin BTC -0.40% ETFs saw their biggest inflows since July.Meanwhile, the web3 version of MMORPG Maple Story wants to leverage nostalgia to attract players, writes Danny Park.Let’s get started.Tornado Cash co-founder Roman Storm will face trial after a US judge denied his motion to dismiss.A U.S. federal judge has ruled that Tornado Cash co-founder Roman Storm will face trial on money laundering charges from the DOJ after denying his motion to dismiss…
Crypto analyst Kevin Svenson believes Bitcoin (BTC) and altcoins will see significant gains for the remainder of the year. In a new video, Svenson told his 79,800 YouTube subscribers that Bitcoin and altcoins are poised for further gains in the coming weeks and months. According to Svenson, altcoin market caps appear to be repeating a pattern seen in the last cycle, when it took 157 weeks to trigger a large breakout rally. “Altcoin market caps have been consolidating throughout the year. In early 2024, altcoins had a huge rally through March, giving up all their gains and are now starting…
Louisa Crawford September 28, 2024 07:13 AMD unveiled the AMD-135M, the first compact language model with speculative decoding to improve AI model efficiency and performance. In a significant advancement in artificial intelligence, AMD announced the release of AMD-135M, its first small language model (SLM). According to AMD.com, this new model aims to address some of the limitations faced by large language models (LLMs) such as GPT-4 and Llama while providing specialized functionality. AMD-135M: The first AMD small language model Part of the Llama family, the AMD-135M is AMD’s pioneering effort in SLM. The model…
This article is also available in Spanish. Bitcoin price broke the $64,750 resistance level and started a new rise. BTC has currently consolidated around $65,000 and may continue to be supported. Bitcoin is consolidating gains near $65,000. The price is trading above $64,200 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a short-term contraction triangle forming with resistance at $65,250. If there is a clear move above the $65,250 resistance zone, the pair could begin another rally. Bitcoin price gains strength again Bitcoin price maintained support near the $62,650 level.…
Bitcoin (BTC) hit a two-month high on September 27 as its stock price surged due to China’s stimulus package.BTC/USD 1-hour chart. Source: TradingViewBitcoin joins Chinese stock market surge thanks to stimulus packageData from Cointelegraph Markets Pro and TradingView tracked a new local BTC high of $66,194 on Bitstamp.BTC/USD, already up 3% this week, got a side boost from events in China, where numerous stimulus measures helped the Shanghai Composite Index post its best week since 2008.“This feels surprisingly familiar,” trade resource Kobeissi Letter wrote in part of its response to X.The move follows the S&P 500 index hitting record highs…