FTX token, POPCAT, and Wormhole emerged as the biggest winners of the week. In contrast, Notcoin, Ethena and Lido DAO topped the losers’ charts. Market volatility intensified this week as Bitcoin (BTC) declined. Nonetheless, some altcoins have broken from this trend and recorded notable gains. Data from CoinMarketCap highlighted the overall downward trend, with less than 10% of the top 100 cryptocurrencies ending in green dominating the market. biggest winner FTX Token (FTT) FTX token (FTT) is back in the spotlight two years after its collapse, starting the week with a strong gain of over 57%. The cryptocurrency opened the…
Author: Crypto Flexs
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Timothy Morano October 6, 2024 15:10 Wormhole’s Portal V2 upgrade improves user experience with new transfer paths, faster transactions, and improved UI to facilitate seamless cross-chain asset transfers. Wormhole, a prominent blockchain interoperability protocol, has announced a major upgrade to its portal application as part of its broader Era3 upgrade. The Portal V2 upgrade focuses on improving user experience by introducing new transfer paths, including intent-based transfers and native-to-native swaps, significantly improving transaction speeds and user interface. Key features of Portal V2 upgrade The Portal V2 upgrade introduces several new features aimed at optimizing…
Despite numerous rumors and speculations, there has been no official confirmation regarding the Blum airdrop or the launch of BLUM tokens. HighlightsBlum, Telegram’s decentralized exchange, has attracted more than 22 million users with its engaging games and rewards system.The new “BLUM Daily Video Codes” encourage users to watch daily videos for hidden codes, increasing user interaction and rewards.Blum plans to have a fully operational platform by the fourth quarter of 2024, targeting strategic partnerships and DeFi capabilities in 2025. Blum, a fast-growing decentralized exchange (DEX) built on Telegram, gained popularity by solving key crypto problems such as scalability, security, and…
Short-term holders appear bullish on Bitcoin (BTC) as the fourth quarter of 2024 begins, despite concerns that October will not start off well. We realized that in the last seven days, short holders’ capital has increased by $6 billion.Bitcoin STH realization limit shows “rapid increase”CryptoQuant contributor Amr Taha argued in an analyst note on October 5 that short-term holders who have held Bitcoin for less than 155 days are “likely to take on more risk or increase their buy positions.”He said the 7-day change in the STH realization limit (an on-chain metric that values each Bitcoin based on its most…
Ethereum (ETH) co-founder Vitalik Buterin recently donated an additional 100 ETH worth about $240,000 to Tornado Cash developer Roman Storm’s legal defense fund. , this marks the third donation to this cause by the famous cryptocurrency builder.According to the Defend Roman Storm crowdsourcing page, 148 different payments have been received to fund the developer’s defense. There is a total of over 327 ETH, worth approximately $785,000 at the time of this writing.”I can’t explain how much this means to me. Thank you for your support over the years,” the Tornado Cash developer told Buterin after the donation.Source: Free Pertsev and…
FTX Real Estate’s discounted token sale continues to gain attention. Investors have been buying up millions of tokens across multiple projects, convinced that these assets are undervalued and could offer long-term upside. I recently bought Worldcoin ( world +9.21% ) and Metaplex (MPLX), and my colleague Tim Copeland had Solana ( brush +2.01% ) token sale earlier this year.SOL was FTX’s largest holding, with 41 million locked tokens currently valued at approximately $6 billion. The estate sold these tokens in batches in April and May at significant discounts ranging from $64 to $110 per token. SOL is currently trading around…
Everyone knows about Bitcoin (BTC), especially given how much it’s mentioned in the crypto media, but arguably the second most common, yet more confusing term, is ‘altcoins’.The truth is that the two are inherently related. While Bitcoin set the foundation for crypto’s existence, altcoins have allowed it to flourish into the ecosystem we all know today. But the question remains: What exactly are altcoins, and what sorts of benefits can they offer the everyday crypto investor?What Is an Altcoin? An altcoin is simply any cryptocurrency that isn’t Bitcoin, with the ‘Alt’ referring to ‘alternative.’It’s important to remember that Bitcoin was the very…
Felix Pinkstone October 6, 2024 14:20 NVIDIA launched Llama 3.1-Nemotron-70B-Reward, a leading reward model that uses RLHF to improve AI alignment to human preferences, topping the RewardBench leaderboard. NVIDIA has launched a groundbreaking rewards model called Llama 3.1-Nemotron-70B-Reward. It aims to improve the alignment of large language models (LLMs) with human preferences. According to the NVIDIA Technology Blog, this development is part of NVIDIA’s efforts to improve AI systems by leveraging reinforcement learning with human feedback (RLHF). Advances in AI Alignment Reinforcement learning with human feedback is critical to developing AI systems that can…
Bitcoin (BTC) faces potential selling pressure as the dollar value of holders’ BTC exposure falls by billions of dollars.A new study from on-chain analytics platform CryptoQuant shows that while seasoned holders are taking risks in BTC, speculators are stepping in.Bitcoin holders “possible to take profits”As enthusiasm continues for BTC/USD to return to all-time highs, long-term Bitcoin Holders (LTH) are taking no risks.CryptoQuant analyzed the net position changes of LTH entities holding a certain amount of BTC for more than 155 days and found that their BTC exposure had “declined sharply.”“Recently, the LTH realized cap (in blue) plummeted by $6 billion…
A widely respected cryptocurrency analyst and trader is providing insight into XRP and decentralized finance (DeFi) protocol Curve DAO (CRV) while remaining bullish on its top Ethereum (ETH) rival. Starting with Ethereum competitor Solana (SOL), an analyst known by the pseudonym Credible Crypto informs his 423,200 followers on social media platform . Credible Crypto said his optimism on Solana would be invalidated if SOL falls below $126 and his take-profit level is around $163. “It’s a very simple play based on the assumption that we might see some relief across the board. Tested local demand targeted almost identical peaks with…