Uniswap’s exchange net flows surged 1195%, indicating increased trading activity. Despite the surge in active addresses, large transactions plummeted by 63%, raising concerns. Uniswap (UNI) has expanded 1195% in exchange netflow, indicating increasing activity on the platform. This has sparked debate as to whether it could signal a price rebound with active addresses recording an 11.9% rise. However, large transactions fell by 63%, leaving questions about institutional interest. What does Exchange netflow surge mean on Uniswap? The recent surge in net flows on Uniswap means more funds are flowing into the market and rushing to take advantage of volatile price…
Author: Crypto Flexs
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Terrill Dickey October 4, 2024 10:20 BitMEX has launched the MOODENGUSDT perpetual swap, improving trading opportunities by allowing traders to leverage up to 50x the Solana memecoin MOODENG. BitMEX has officially launched a new trading opportunity for users with the introduction of the MOODENGUSDT perpetual swap. According to the BitMEX blog, the new listing, which launched at 04:00 UTC on October 4, 2024, gives traders the ability to buy or sell the Solana-based memecoin MOODENG with up to 50x leverage. Enhanced Trading Opportunities The introduction of MOODENGUSDT adds to BitMEX’s growing list of perpetual…
XRP (XRP) is down nearly 15% so far in October, with losses primarily due to the U.S. Securities and Exchange Commission (SEC) resuming its appeal of the Ripple lawsuit. However, for some analysts, XRP’s decline may be a buying opportunity rather than a cause for concern. More specifically, historical price patterns and recent whale accumulation suggest that the XRP price could stage a massive rally in the coming months.XRP Price Eyes Breaking Out Symmetrical TriangleAnalyst CryptoBull highlighted striking similarities between XRP’s current price action and its 2017 bull market trajectory. Source: XAt that time, XRP consolidated within a symmetrical triangle…
Multimillionaire tech guru Bryan Johnson says that if he hadn’t sold his payments company Braintree to PayPal in 2013 and became obsessed with anti-aging, he may well have ended up devoting his life to crypto. “Had I not sold Braintree, I just would have been entirely all in on crypto,” he says. Magazine catches up with Johnson in the speakers’ lounge at Token2049 in Singapore, ushered over to meet the youthful-looking 47-year-old by an assistant who looks like a supermodel and has a million-watt smile. Best known today for his pursuit of longevity treatments, Johnson made his name by founding…
Sygnum Bank highlights Solana’s strong performance. The chain is well positioned to challenge Ethereum. Ethereum is underperforming in major indicators. Known as the Ethereum killer, Solana has long established itself as a major challenger to the largest DeFi networks. However, it continues to lag behind Ethereum in key indices. A recent Sygnum Bank report analyzed whether Solana has the potential to challenge Ethereum’s dominance. Thanks to its remarkable recovery following the FTX collapse, Solana is in a better position than ever. Can Solana challenge Ethereum? Despite many challenges in recent years, Solana has shown remarkable resilience. On Tuesday, October 1,…
Wang Long Chai October 4, 2024 10:54 Ethereum developers gathered on October 3, 2024 for All Core Developers Consensus Call #143, focused on updates to Pectra Devnets and PeerDAS. According to Galaxy.com, on October 3, 2024, Ethereum developers convened via Zoom for All Core Developers Consensus Call #143. These bi-weekly meetings serve as a platform for developers to discuss and coordinate changes to the Ethereum consensus layer, known as the Beacon Chain. The call was chaired by Ethereum Foundation (EF) researcher Alex Stokes, who led the discussion on important updates and challenges. Pectra Devnet…
Chinese tech and gaming giant Tencent and the Guillemot family are reportedly in talks to acquire French game publisher and developer Ubisoft in a deal that would take the company private. The report came via Bloomberg, citing “people familiar with the matter.” But it followed months of speculation about Ubisoft’s future after the company had to lower its revenue expectations for its upcoming flagship title “Assassin’s Creed: Shadows.” Ubisoft AcquisitionUbisoft is a publicly traded company with its founders, members of the Guillemot family, and Tencent as its major shareholders. Details are scant, but Bloomberg reports that the talks include taking…
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…
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…