BNB (BNB), the native token of the BNB chain, fell 16.1% between August 23 and September 2, dropping from a high of $598.80 to a low of $502.10. However, significant buying activity has been seen below $510, causing BNB to recover some of its losses and is currently trading at $517.Investors are concerned that BNB may have entered a bear market, especially since the token has not been able to hold above $610 since mid-June. Reduced activity on the BNB chain creates selling pressure BNB chain indicators show a decline in interest, especially in decentralized exchange (DEX) volumes. As a…
Author: Crypto Flexs
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Key Points TON has recorded over 1 billion transactions, half of which occurred in the last 3 months. The DOGS Mimecoin airdrop has resulted in a significant increase in TON’s daily trading volume and user activity. Share this article The Open Network (TON), a blockchain associated with Telegram, has surpassed 1 billion total transactions, according to data from TON Scan. This milestone was achieved less than a week after the network suffered two major outages related to memecoin airdrops.TON’s transaction volume has now surpassed 1.02 billion, half of which occurred in just the past three months. This rapid growth demonstrates…
According to the latest report from CoinShares, global cryptocurrency investment products from asset managers such as Ark Invest, Bitwise, BlackRock, Fidelity, Grayscale, ProShares, and 21Shares saw net inflows of $543 million the week before, followed by net outflows last week, totaling $305 million.James Butterfill, head of research at CoinShares, said the outflows came amid “widespread negative sentiment across multiple vendors and geographies” and as stronger-than-expected economic data from the U.S. “reduced the likelihood of a 50 basis point rate cut.”Butterfield added, “We continue to expect asset classes to become increasingly sensitive to rate expectations as the Fed moves closer to…
The investigation comes as global pressure on Telegram grows, with investigations into the company also underway in other countries, including India. TON, the native token of The Open Network, has seen a slight price drop over the past 24 hours following reports that Telegram is under investigation in South Korea for allegedly distributing deepfake pornography and other sexual materials, including those of Korean women. The digital asset, which began to lose value following the arrest of Telegram CEO Pavel Durov in France last week, fell about 3% on Monday, according to data from CoinMarketCap. TON is now valued at about…
Iris Coleman 30 Aug 2024 17:50 BitMEX has announced scheduled downtime for options trading on September 1, 2024 from 03:00 UTC to 05:00 UTC. BitMEX has announced scheduled downtime for its options trading platform from 03:00 UTC to 05:00 UTC on September 1, 2024. According to the BitMEX blog, this temporary outage is to allow for essential maintenance and upgrades. Impact on trading and deposits Options trading is completely unavailable during the downtime. Deposits to options sub-accounts will not be credited, and trades placed on BitMEX Options will not be processed. The platform has…
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…
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…