The current yield for MATIC holders is 2%, a worrisome low for investors. Whales control 74.79% of the total MATIC supply. According to data from IntoTheBlock, Polygon (MATIC) has seen a sharp decline in profitability, with only 2% of holders currently making a profit. This is the lowest percentage ever recorded, indicating that most investors are facing losses until market conditions stabilize. The current MATIC price range is between $0.36 and $0.40, leaving many holders in a difficult position. At that price level, approximately 7 billion tokens are held by 8,830 addresses, which further explains the pull and tug that…
Author: Crypto Flexs
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The Reserve Bank of Australia is focusing on wholesale central bank digital currencies (CBDCs) because of the potential economic benefits over retail CBDCs. The Reserve Bank of Australia (RBA) has launched Project Acacia, a three-year plan to explore wholesale CBDC opportunities. The RBA and Treasury may still consider retail CBDCs, but (…)
Timothy Morano September 19, 2024 10:39 BNB Chain launches ‘Gas Free Carnival’, enabling stablecoin transfers without gas fees through partnerships with major exchanges, wallets, and bridges. BNB Chain, a popular blockchain network, has launched the ‘Gas-Free Carnival’ initiative, allowing users to transfer stablecoins without gas fees. According to the BNB Chain Blog, the move aims to streamline stablecoin transactions and reward the BNB Chain community. Partnerships with major exchanges To facilitate this initiative, BNB Chain has collaborated with several major centralized exchanges (CEXs), including Binance, Bitget, Gate.io, and MEXC. Users can withdraw stablecoins such…
According to analysts at K33 Research, Solana may currently be the best alternative layer 1 network after Ethereum, but Sui Network could eventually rival it. In a September 18 research note, K33 DeFi analyst David Zimmerman said Sui’s performance compared to Solana, combined with its architecture and upcoming gaming console launches, could make it a top contender among “alternative L1s.”“Solana often gets the spotlight in the L1 wars, but while SOL/ETH is up 6% since the August open, SUI/SOL is up 115% over the same period,” Zimmerman said. While he acknowledged that Sui’s recent market performance — the network’s native…
Bitcoin attempted to flip $62,000 as support on September 19, as markets digested the Federal Reserve’s unprecedented 0.5% interest rate cut.BTC/USD 4-hour chart. Source: TradingViewBTC price hits 3-week high as Federal Reserve slashes interest ratesData from Cointelegraph Markets Pro and TradingView shows that the Bitcoin (BTC) price continues to strengthen during the Asian trading session.The Fed’s action pushed the local record high to $62,600, marking only the third time in history that a 0.5% cut has started a rate-cutting cycle.This, in turn, liquidated short BTC positions across exchange order books, totaling $128 million over the 24 hours to date, according…
The cryptocurrency markets continued their recent uptick, with major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), Dogecoin (DOGE), and Toncoin (TON), in the green. The crypto market cap is also up over 3%. It is currently at $2.14 trillion, as markets see bullish sentiment build following the Federal Reserve’s announcement of a 50 basis point reduction in interest rates. Several analysts and market watchers, including Rich Dad Poor Dad author Robert Kiyosaki, believe the price of BTC and other major currencies could register a huge uptick following the rate cuts. Kiyosaki predicted that investors will turn to assets such…
U.S. spot bitcoin exchange-traded funds (ETFs) recorded a net outflow of $52.83 million on Wednesday, ending a four-day streak of net inflows of more than $500 million.Yesterday’s outflows were led by Ark Invest and 21Shares’ ARKB, which brought in $43.41 million. data On Wednesday, Grayscale’s GBTC reported a net outflow of $8.13 million, while Bitwise’s BITB recorded an outflow of $3.95 million.Only one spot Bitcoin fund reported net inflows yesterday: Grayscale’s Bitcoin Mini Trust, which recorded net inflows of $2.66 million. The other eight funds, including BlackRock’s IBIT, saw no inflows at all for the day.On Wednesday, the total daily…
A seasoned trader who invested $145 million in SHIB in 2021-2022 suffered huge losses. Amid the chaos surrounding the NEIRO meme coin, investors have been buying both tokens. Despite today’s exchange, ETH and SHIB are still the most popular assets in holders’ wallets. Early investors in Shiba Inu (SHIB) have had impressive returns in 2021 and 2022, but the whale’s recent trades have been less fortunate. In September 2024, the same Waller made two massive trades out of three that ended in eye-watering losses.The trade is a big loss on Nairo and he buys another one.According to blockchain intelligence platform…
“The WazirX team and Nischal Shetty continue to mislead WazirX customers and the market regarding WazirX’s relationship with Binance,” the statement read. “Binance did not own, control or operate WazirX at any time, including prior to, during or after the July 2024 attack.”
Jorg Hiller September 19, 2024 06:18 Early bird tickets for Binance Blockchain Week Dubai 2024 are now available for $150, a 75% discount off the regular price. According to an announcement from Binance, early bird tickets for the much-anticipated Binance Blockchain Week Dubai 2024 are now priced at $150, excluding 5% VAT. This new price is a whopping 75% discount from the regular price of $600. How to purchase early bird tickets at a discounted price Early bird tickets are sold on a first-come, first-served basis. Interested attendees can secure their tickets by visiting…