Bitcoin (BTC) faced a downturn as Wall Street opened on September 25th, with upward resistance strengthening.BTC/USD 1-hour chart. Source: TradingViewBTC Price “Plummets” May Face October SettlementAccording to data from Cointelegraph Markets Pro and TradingView, after BTC/USD hit a one-month high of $64,795 on Bitstamp, the price recovered to below $64,000.Despite recording higher lows and highs on an hourly basis, BTC price action wasn’t enough to convince traders that a major breakout was coming.Popular trader Skew analyzed the market structure and highlighted that there is no sign of a breakdown of $65,000, which has been the area with the most sell-side…
Author: Crypto Flexs
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Mango Markets, a Solana (SOL)-based decentralized exchange (DEX), has proposed a $500,000 settlement with the U.S. Commodity Futures Trading Commission (CFTC). The DEX’s decentralized autonomous organization (DAO) voted this week to approve a cease and desist agreement that would impose civil fines and various product regulation violations. If the CFTC agrees, the civil penalty of $500,000 will be paid by Mango DAO and two related entities: Blockworks Foundation and Mango Labs, LLC. The CFTC and the Securities and Exchange Commission (SEC) launched an investigation into Mango Markets after cryptocurrency trader Abraham Eisenberg exploited the protocol to trade $110 million worth…
Layer zero Giro +6.29% The cross-chain messaging protocol is seeing a resurgence of activity, with daily messages increasing to 98,000 on Saturday. This spike comes shortly after the protocol announced its second airdrop, injecting new life into the ecosystem.The recent spike is a 433% increase from the previous low of 18,400 messages, signaling renewed interest in the protocol. This spike is particularly notable given the recent slowdown in activity on the protocol, during which daily messages have hovered around the 20,000 mark for several weeks.The second airdrop announcement appears to be the catalyst for this sudden surge of activity. LayerZero’s…
AAVE looks set to continue its dominance in DeFi protocols. Aave is expanding stablecoin and multichain integrations. Aave (AAVE) is arguably the leading DeFi protocol, with a new all-time high in token holders and close to $20 billion in user deposits. Aave continues to solidify its position as the market leader. Despite the complexity of the DeFi space and the temporary downturn following the crash of Terra Luna and Celsius, Aave remains one of the best investment opportunities in the crypto space. Aave provides a comprehensive platform where users can deposit, lend, and earn interest on their cryptocurrency holdings. Tokens…
Bitcoin’s recent price action has analysts and traders keeping a close eye on key resistance levels that could signal the start of a new bull run. According to popular cryptocurrency analyst Crypto Rover, Bitcoin is on the verge of a major breakout. “If Bitcoin can break above its previous highs, a bull market will begin!” Rober declared, pointing to a chart showing Bitcoin approaching a key resistance level just shy of $70,000. If #bitcoin If we can break through the previous high, the bull market will begin! pic.twitter.com/L2cjoKjCHN — Crypto Rover (@rovercrc) September 25, 2024 After the breakout: Bitcoin signal…
Ted Hisokawa 25 Sep 2024 05:26 Circle launches Compliance Engine, a tool designed to meet evolving digital asset regulations that is integrated into the Circle Console. Circle announced the launch of its new Compliance Engine, a tool designed to help businesses meet evolving digital asset regulations. The announcement was made on Circle’s official blog. The compliance engine goes live. According to Circle, compliance is a core aspect of operations that emphasizes trust, security, and transparency. The new Compliance Engine, integrated into the Circle Console, aims to streamline the process for enterprises to meet regulatory…
Medical marijuana dispensaries in Seattle are happy to accept crypto, residents don’t have to file income tax returns, and the governor signed a bill to expand the state’s adoption of blockchain technology, but he doesn’t like crypto mining. Coinme and Bittrex are headquartered in the city, and several Binance servers are also located here, which is why CZ was indicted and sent to jail in the state. And this is just the tip of the iceberg when it comes to crypto in Seattle. Quick FactsCity: SeattleCountry: United StatesPopulation: 3.5 millionFounded: 1851Most common language: English Shortcut: Crypto Culture, Projects and Companies,…
Despite Ethereum (ETH) gaining 15% over the past two weeks, the price of ETH struggled to maintain momentum this week, consolidating between $2,700 and $2,600. The largest altcoin currently has a market cap of $316 billion, with a trading volume of over $15.7 billion over the last 24 hours. SEC Delays Ether ETF Options Decision to NovemberAccording to a filing released on September 24, the U.S. Securities and Exchange Commission (SEC) announced that it is delaying its decision on approving options trading for a spot Ethereum ETF. Source: U.S. Securities and Exchange CommissionA decision on the approval was originally expected…
Standard Chartered Bank’s global head of digital asset research has highlighted several factors that could support Bitcoin prices in the coming months.Kendrick said that since the Federal Reserve cut the federal funds rate last week, long-term borrowing costs have become relatively higher for U.S. Treasury bonds than short-term borrowing costs, which often signals optimism about future economic growth and creates a favorable environment for investments, including bitcoin.“There are several factors pointing to a sharp breakout in bitcoin,” Kendrick told The Block in an email. “The steeper yield curve has helped since the Fed cut rates, and that has continued this…
Polymarket is working to expand its financial base. The project is reportedly considering a token launch as part of these plans. To many, plans for the Polymarket token seem like something that has been in the works for a long time. Polymarket, a polygon-based prediction market, was undoubtedly the groundbreaking crypto sensation of 2024, with the platform gaining public attention in the wake of the US presidential election.As interest in the platform grows, recent reports suggest that the team is considering raising additional funds and launching a token.Polymarket Raises $50 Million in New FundingPolymarket is looking to expand its financial…