Simon’s Cat (CAT) entered the price discovery phase and recorded an ATH on September 21. Key technical indicators suggest a near-term recession is possible. Simon’s Cat (CAT) recently entered price discovery mode, hitting a new ATH of $0.0000464 on September 21. The meme coin saw an exponential rally but slowed down after breaking out of a short-term rising wedge structure. At the time of writing, CAT was trading at $0.0000391, down about 6.5% in the last 24 hours after witnessing a bearish breakout. Simon’s Cat Price Prediction: Can RSI Fuel a Short-Term Rally? Like most meme coins, CAT experienced a…
Author: Crypto Flexs
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The Bitcoin Puell Multiple, a key on-chain metric used to gauge the profitability of Bitcoin miners, is currently signaling a potential bullish reversal for the major cryptocurrency. According to a CryptoQuant analyst using the pseudonym Darkfost, the indicator recently fell into the “green zone,” a signal historically associated with rising Bitcoin prices. The analyst shared this insight on the CryptoQuant QuickTake platform earlier today. A detailed explanation of the Green Zone and its impact on Bitcoin prices The Puell Multiple measures the relationship between a Bitcoin miner’s short-term returns and the average returns over the past year. By comparing these…
The U.S. Securities and Exchange Commission (SEC) has delayed its decision to allow options trading on BlackRock and Bitwise’s spot Ethereum (ETH) exchange-traded funds (ETFs) until mid-November, according to a filing on September 24.The new deadlines for BlackRock and Bitwise are November 10 and November 11, respectively. The SEC said it needed more time to consider the proposal, extending BlackRock’s initial 45-day review period that was originally set to end on September 26 after Nasdaq filed a rule change for the iShares Ethereum Trust ETF on July 22.The same reasoning applied to Bitwise’s ETHW, whose proposed rule change was submitted…
Rebecca Moen 25 Sep 2024 05:04 In this article, we take a closer look at the role of binary fields in SNARKs, highlighting their effectiveness in cryptographic operations and their potential for future development. Binary fields have long been the cornerstone of cryptography, providing efficient operations on digital systems. The importance of binary fields has grown with the development of SNARKs (Succinct Non-Interactive Arguments of Knowledge), which utilize fields for complex computations and proofs. According to taiko.mirror.xyz, recent trends focus on reducing the field size of SNARKs to increase efficiency, using structures such as…
Cardano’s Voltaire-era governance overhaul prevents it from becoming a “dictatorship” like Ethereum and avoids Bitcoin’s “anarchy,” says founder Charles Hoskinson. In an interview with Cointelegraph from Singapore, Hoskinson attacked Ethereum’s current governance model, claiming it is overly reliant on Ethereum co-founder Vitalik Buterin.Hoskinson says blockchains can either keep their protocols simple forever, like Bitcoin, or “choose a king” to run things. But Cardano’s new governance model addresses the “governance triad” of “efficiency, effectiveness, and integrity” by distilling complex governance topics for voting using delegated representatives and a membership-based organization called Intersect. “If you have those three things, you have a…
Dogwifhat (WIF), a Solana-based mimecoin, has surged 15% in the past 24 hours to hit a high of $1.98 on September 24. The rally comes after the WIF price fell 60% from its all-time high of $4.85 six months ago.According to data from Cointelegraph Markets Pro and TradingView, WIF rose 37% from its low of $1.44 on September 18 to trade at $1.96 on September 24.WIF/USD daily chart. Source: TradingViewIn comparison, the total market cap of memecoins increased by 0.33% to $2.3 trillion, with most of the largest memecoins by market cap posting gains on September 24, according to data…
D8X Launches Leverage for Polymarket Betters These launches came despite risk management concerns. The D8X claims to be a unique model that avoids risk. From endless praise from Ethereum co-founder Vitalik Buterin to mentions in major media outlets, 2024 is shaping up to be a year of explosive growth for Polygon-based prediction market Polymarket, as the platform gains traction ahead of the 2024 US presidential election. In the wake of Polymarket’s success, in July 2024, Polygon zkEVM, OKX’s X Layer, and Arbitrum’s decentralized exchange D8X unveiled plans to make their platforms potentially more exciting for leveraged degens. Despite questions about…
Darius Baru 25 Sep 2024 01:31 The Hong Kong Monetary Authority (HKMA) and the National Development and Reform Commission (NDRC) held a seminar in Hong Kong to enhance cross-border financing for mainland Chinese enterprises, aiming to boost overseas debt issuance. According to the Hong Kong Monetary Authority, the Foreign Capital and Overseas Investment Department of the National Development and Reform Commission (NDRC) and the Hong Kong Monetary Authority (HKMA) will jointly hold a seminar in Hong Kong on 24 September 2024, focusing on “Supporting Cross-border Financing of Chinese Enterprises in Hong Kong”. Key figures…
As the world changes, your plans must change too.Areste, a senior graphic designer, said, “I only started investing in cryptocurrencies in 2019. Before that, I invested in real estate and stocks. I have experienced Y2K, 9/11, the Great Depression, the financial crisis, pandemics, and other changes in my life. I have seen it all in the past 30 years. I have experienced good days and bad days. As an investor preparing for retirement, this is an unforgettable journey in my life.”today Cryptocurrency In the market, I plan to convert my cryptocurrency investments into daily profits, because the current economic situation…
Near Protocol’s native token, NEAR, continued its upward trend after rising 2.3% over the last 24 hours to trade at $5.21. According to data from Cointelegraph Markets Pro and TradingView, NEAR has risen 57% since hitting a low of $3.41 on September 6, reaching an eight-week high of $5.36 on September 24. NEAR/USD daily chart. Source: TradingViewFactors contributing to NEAR’s growth include the implementation of blockchain sharding in the Near protocol, an increase in open interest in the futures market, an increase in total value locked (TVL), and a strengthening of the market structure. Near Protocol implements shardingNear Protocol, a…