HBAR Foundation and Canary Capital announce the first HBAR Trust. HBAR ETF discussions have picked up steam as HBAR becomes a competitor alongside SOL and XRP. The geopolitical beef in the Middle East hurts the broader market. Hedera Hashgraph (HBAR) is making great strides toward global institutional adoption. The HBAR Foundation said Canary Capital, a large US digital asset management firm, has decided to launch its first trust product, opening the door to HBAR, Hedera’s native token, to qualified institutional investors.The enterprise-grade HBAR trust is the first HBAR investment vehicle in the U.S. and could potentially lead to the final…
Author: Crypto Flexs
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FTM, the native token of the Fantom layer-1 smart contract platform, rose 5% in seven days to $0.6850 on October 2. This is part of a rebound that began on September 6 and saw prices rise by more than 71%. During the past 30 days.The price rose 103% from a low of $0.3574 on September 6 to a four-month high of $0.7642 on October 1, according to data from Cointelegraph Markets Pro and TradingView Fantom (FTM).FTM/USD daily chart. source: TradingViewTrading activity also moved in tandem with the price surge in FTM. FTM’s spot trading volume surpassed $450 million on October…
Happy Wednesday! In today’s newsletter, we’ll cover FTX assets preparing to sell locked Worldcoin tokens at a discount, Bitwise filing for a spot XRP ETF, and Australia’s “Operation Kraken” seizing over $6 million from hardware wallets.Meanwhile, EigenLayer responds to community concerns about early investor staking transparency.Let’s get started.FTX Real Estate is preparing to sell locked Worldcoin tokens at a discounted price.FTX Real Estate plans to auction off all 22.3 million locked Worldcoin tokens worth about $37.7 million, offering a “significant discount,” three sources with direct knowledge of the matter told The Block. The sale is part of the estate’s ongoing…
Altcoins on the cross-chain protocol are soaring after South Korea’s largest cryptocurrency exchange announced support for trading. Messaging protocol Wormhole (W) has surged from a 24-hour low of $0.28 to the current $0.37. This is an increase of over 32% since cryptocurrency exchange Upbit announced support for the Solana (SOL) network. With a market capitalization of $959.7 million, Wormhole is currently the 82nd largest cryptocurrency project. Wormhole aims to facilitate liquidity and efficient transfer of data across various blockchains. Wormhole was launched in 2020 by Jump Crypto with help from the Solana Foundation. Wormhole’s initial focus was on bridging Solana…
Dogecoin extended its losses and traded below $0.1120 against the US dollar. DOGE is now stable above $0.100 and attempting a rebound. DOGE price began another decline below the $0.1150 and $0.1120 levels. The price is trading below the $0.1120 level and the 100-hour simple moving average. On the hourly chart of the DOGE/USD pair, there is a major bearish trendline forming at resistance $0.1175 (data source from Kraken). Clearing the $0.1120 and $0.1175 resistance levels could initiate another upward move for the price. Dogecoin Price Adjustment Profit Dogecoin price failed to continue rising above the $0.1320 resistance zone. DOGE…
jack anderson October 2, 2024 19:53 Brave browser users can now experience enhanced AI interactions through the integration of RTX-accelerated Leo AI and Ollama, which provides local processing for improved privacy and efficiency. The Brave browser, known for its focus on privacy, has partnered with Ollama to introduce Leo AI, a powerful AI assistant powered by RTX-accelerated local large language models (LLMs), according to an NVIDIA blog. This integration aims to improve user experience by providing efficient, locally processed AI capabilities. Enhanced AI Experience with RTX Acceleration Powered by NVIDIA’s RTX technology, Brave’s Leo…
Despite the historic strength, the start of October was anything but unexpected. Cryptocurrency enthusiasts have faced quite a bit of disruption this month, traditionally called “Uptober” due to its generally strong performance. The unrest comes as geopolitical tensions between Israel and Iran escalate, which escalated dramatically following a severe missile attack on October 1. This is the second incident this year. Analysts believe Altcoin season is getting closer. These geopolitical disputes have injected uncertainty into global markets, impacting cryptocurrencies with liquidations of over $500 million. Nonetheless, some experts see the confusion as a problem ahead of altcoin season. “Altcoin season…
CryptoQuant analysts say Bitcoin is entering a period of positive seasonality, but an increase in demand is needed for the BTC price to reach $100,000 in the fourth quarter.Typically, Bitcoin performs well in October during bull cycles, especially during halvings such as 2024, and this positive seasonality typically persists throughout the fourth quarter.In its weekly report released on October 2, the market intelligence company explained that the price of Bitcoin (BTC) rose 9%, 59%, and 171% in the previous Bitcoin halvings of 2012, 2016, and 2020, respectively.“Bitcoin’s performance so far in 2024 has been similar to 2016 and through September…
bitcoin BTC -1.76% A report published Tuesday by CryptoQuant analysts said demand showed signs of stabilizing but would need to increase significantly in the fourth quarter to sustain higher prices.Since July, nominal demand for Bitcoin, calculated by CryptoQuant as the difference between the total daily Bitcoin block subsidy and the daily change in Bitcoin volume, which has remained unchanged for more than a year, has fluctuated between a monthly net loss of $23,000 to $1,000. You won 69,000 Bitcoin. However, volatility decreased in September as demand steadily increased. Nonetheless, analysts noted that September’s demand increase alone was not enough to…
AVAX flips bull market support band as Q4 begins. Avalanche could surpass Bitcoin in the last quarter of the year. Avalanche (AVAX) is a smart contract platform known for its ability to scale infinitely and finalize transactions in less than a second, providing a flexible ecosystem for developers. Cryptocurrency markets have shown some bullish signals recently, but geopolitical tensions are expected to dampen these sentiments. Despite these challenges, the Avalanche flipped the bull market support zone. AVAX is currently trading above its 20-week simple moving average (SMA) and 21-week exponential moving average (EMA), which is a positive sign for its…