VanEck Still Has Hopes for Solana ETF Cboe has removed ETF applications from its website. The SEC previously raised questions about the Solana ETF. After the approval of Bitcoin and Ethereum ETFs in the United States, many traders wondered which token would be next. Most saw Solana as the most likely contender due to its institutional appeal and strong ecosystem growth. However, since then, the Solana ETF has received a series of bad news, and the possibility is becoming increasingly dim. The latest bad news was reports of a meeting between the Securities and Exchange Commission (SEC) and a potential…
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Tony Kim 20 Aug 2024 09:11 Binance Futures will be launching VOXELUSDT perpetual contracts with up to 50x leverage, expanding users’ trading options. According to Binance.com, Binance Futures will be improving its trading products with the launch of VOXELUSDT perpetual contracts, which will allow traders to leverage their positions up to 50x. Details of the new contract VOXELUSDT Perpetual Contract will be available for trading from August 20, 2024 at 10:30 (UTC). This new derivative offers leverage of up to 50x, giving traders the opportunity to maximize potential profits despite increased risk. The maximum…
On August 5, the Bitcoin price crashed by more than 15%, hitting a six-month low of $49,050. Glassnode analysts believe this correction was an “overreaction” by short-term holders.According to a report released by Glassnode analysts on August 20, with the Bitcoin (BTC) price hovering around $58,800 on August 20, the average short-term holder (STH), or those who have held Bitcoin for less than 155 days, is now holding the coin in an “unrealized loss” position.This group was made up primarily of people who bought Bitcoin during the 2024 rally, which saw Bitcoin hit an all-time high of $73,835 on March…
In the ever-evolving financial markets where accuracy and speed are the cornerstones of success, JK-Analytics.com has emerged as a game changer by combining cutting-edge technology with deep financial insights. The platform redefines the meaning of online trading by providing a sophisticated and adaptable environment designed to meet the diverse needs of today’s traders. Whether you are a seasoned market participant or a new entrant looking to make your mark, JK-Analytics.com offers an innovative trading experience that is both accessible and sophisticated.The Revolution in Algorithmic TradingJK-Analytics.com’s standout feature is the integration of algorithmic trading, a technology historically used only by large…
Sorella Labs is a startup building tools to solve cryptocurrency problems. Ethereum Ethereum -0.25% The Maximum Extractable Value (MEV) issuance raised $7.5 million in a seed funding round.Paradigm led the round, with participation from Uniswap Ventures, Bankless Ventures, Robot Ventures, and Nascent, Sorella Labs said Tuesday. The company closed its seed round in September of last year, but co-founder and CEO Ludwig Thouvenin told The Block that the announcement came today as the company emerged from stealth with one of its MEV tools currently active. He declined to comment on the structure of the seed round, its valuation, or whether…
Orbs announced that its dLIMIT and DCA protocols have been integrated into Sushi, a leading multi-chain DEX. This new integration gives users access to advanced order types, including the ability to spread orders over time, regardless of the current price. Orbs, a Layer 3 blockchain, announced that its dLIMIT and DCA protocols have been integrated into SushiSwap, a leading multi-chain DEX. With the introduction of this new protocol, Sushi users will have access to advanced order types, including the ability to spread orders over time regardless of the current price. This method is ideal for minimizing risk by avoiding the…
Lawrence Jengar 20 Aug 2024 16:45 Ethereum ETFs are facing significant outflows, which is contributing to ETH’s underperformance compared to Bitcoin. Market trends and economic factors will play a significant role in future dynamics. According to Bitfinex Alpha, Ethereum (ETH) continues to struggle as significant outflows from Ethereum ETFs underperform Bitcoin (BTC). Despite the launch of new products like BlackRock’s iShares Ethereum Trust, existing products like Grayscale’s Ethereum Trust (ETHE) are experiencing significant outflows. This trend is exacerbated by significant sell-offs from major market makers like Jump Trading. Comparative Performance of Ethereum and Bitcoin…
The crypto strategist, known for predicting bottoms, believes that altcoin markets are just one correction away from starting a rally. Blunts, an anonymous analyst, told his 269,600 followers on social media platform X that he was keeping an eye on the TOTAL3 chart, which tracks the total market cap of cryptocurrencies excluding Bitcoin, Ethereum (ETH), and stablecoins. Blunts said TOTAL3, which is used to measure the performance of altcoins, is likely to decline before regaining bullish momentum. “TOTAL3 looks amazing structurally, but the 5 wave rally from the low on the 4 hour chart is very evident. I still think…
Bitcoin (BTC) needs more demand to hit new all-time highs as whale accumulation slows significantly, new research suggests.In its latest weekly report seen by Cointelegraph, on-chain analytics firm CryptoQuant said that “most” demand indicators are currently showing bearishness.Bitcoin Whales Have Abandoned FOMOBitcoin is still not a strong enough buying target to attract enough investment to push it to its all-time high.According to CryptoQuant, large BTC investors (aka whales) have slowed down their pace of accumulating coins since the most recent all-time high in March.“The 30-day percentage change in whale holdings has decreased from 6% in February (the fastest pace since…
Technology • August 20, 2024 10:31 AM EDT Posted 5 minutes ago ~ in YeagerAI, the company developing the decentralized artificial intelligence network GenLayer, has closed a $7.5 million seed round.North Island Ventures led this round of funding with participation from venture capitalists and multiple angel investors, including Node Capital, Arrington Capital, ZK Ventures, WAGMI Ventures, BlockBuilders, and Maelstrom, the family office of Arthur Hayes.The YeagerAI team is pioneering a technology initiative called ” intelligent contracts,”Or a blockchain-based system that leverages large-scale language models connected to the Internet to execute functions.“Some of the key limitations the industry faces stem from…