According to on-chain data, the largest non-exchange holder of dogwifhat, a Solana (SOL)-based Mimecoin, continues to accumulate WIF. Blockchain tracking firm Lookonchain says Solana addresses beginning with “mmEAfW” have recently accumulated hundreds of thousands of WIF. “The largest WIF holder used 1.54 million USDC to buy back 800,556 WIF at $1.92 each! This whale currently holds 28 million WIF ($53.23 million) and has generated over $77 million in revenue from WIF!” Source: Lookonchain/X Last week, Lookonchain shared a chart showing the whales’ accumulation process: they bought aggressively during the March bull run, sold their profits in April and May, and…
Author: Crypto Flexs
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Bitcoin (BTC) rose to $65,000 over the weekend (August 24-25), continuing a three-week recovery since its crash on August 5 and continuing its rally to $49,500. As prices return to the comfort zone of many investors, traders will be wondering whether trading will continue in the same range, whether consolidation will occur, or whether a range expansion will occur towards new highs. Now let’s take a look at some Bitcoin price data points to see if it’s time for BTC to break out of its current range. DXY falls to lowest level since the beginning of the yearThe interaction between…
Significant Bitcoin Purchases Nasdaq-listed software giant MicroStrategy has made headlines once again after acquiring 11,931 Bitcoins for $786 million. The latest move by the company, led by Managing Director Michael Saylor, brings its total Bitcoin holdings to an impressive 226,331 tokens. With the Bitcoin price currently hovering around $66,000, MicroStrategy’s investment is valued at just under $15 billion.Investment Strategy and Growth The company’s foray into Bitcoin began in 2020 and has since been marked by strategic acquisitions. MicroStrategy’s average purchase price was $36,798 per Bitcoin, bringing the total investment to approximately $8.33 billion. This most recent purchase was made by…
Web3 • August 27, 2024 12:28 PM (EDT) Posted 1 minute earlier ~ in KOR Protocol, an Animoca Brands-backed startup looking to disrupt the entertainment industry, has unveiled a new streaming service called KOR Player, and DJs including Joel Zimmerman (better known as deadmau5), Plastkman, Inder Phull, Ben Turner, and Dean Wilson have joined as early backers.KOR Player lets you play and remix music using a suite of tools, including a “sound library” vault for intellectual property where artists upload samples. It also integrates artificial intelligence to authenticate the music’s origins and pay royalties in cryptocurrency.According to a press release,…
Could Abe break the $152 level after approaching $148? Aave’s fundamental indicators support a bullish cycle. According to CoinMarketCap, as of the time of writing, Aave (AAVE), an open-source protocol for building non-custodial liquid markets, has seen significant gains, surging more than 30% over the past 30 days. This price action reflects strong market interest, especially since Aave’s price is currently in the $130 range, the area with the highest volume. Aave’s price action looks set to show further upside after reaching the $148 price level and breaking through the $152 level. This bullish momentum is supported by the formation…
Darius Baru 27 Aug 2024 16:06 DARKTIMES, a medieval royale fighting game, leverages the Sui blockchain to enhance Web3 player engagement and asset ownership. According to the Sui blog, DARKTIMES, a medieval fighting royale game, has launched on the Sui blockchain, promising to revolutionize Web3 player engagement and asset ownership. In development since 2021, DARKTIMES uniquely combines RPG elements and multiplayer fighting to create a dynamic gaming experience.A world filled with immersive actionThe game features several maps rich in lore, with evocative names like the Coast of Bone and the Plains of Gold, each…
Bitcoin price is struggling to maintain its bullish momentum despite first breaking above $62,000 in August. However, one analyst believes BTC is approaching a potential breakthrough that could bring in six-figure prices.Bitcoin Q4: “The Steepest Rise” AwaitsIndependent technical analyst Gert van Lagen seems convinced that the current price action of Bitcoin (BTC) will have explosive consequences. In an August 27 X post, van Lagen highlights the formation of a parabolic curve, with BTC continuing to rise in a stepwise fashion. This chart also shows the formation of a rare cup and handle (CnH) pattern on the weekly chart. This pattern…
The Maker Protocol is working to bring decentralized finance (DeFi) to the masses by officially rebranding to Sky and revealing the name of its upgraded stablecoin and native governance token.Maker, the oldest DeFi lending protocol, has rebranded Dai (DAI), the world’s largest decentralized stablecoin, to USDS as part of a rebranding effort.The protocol also introduced the Sky (SKY) native governance token, an upgraded version of the Maker (MKR) token, into the broader Sky ecosystem.MakerDAO co-founder Rune Christensen argues that the rebranding effort is a step toward signaling “the next evolution of DeFi.”In a statement shared with Cointelegraph, Christensen wrote:“The protocol…
Solana Optimistic Network, known as SOON, has raised an undisclosed amount in a “cobuilder” round.Participants include Solana Foundation Chair Lily Liu, Solana Labs Co-Founder Anatoly Yakovenko, Coinbase Ventures President Jonathan King, Celestia Labs Co-Founder Mustafa Al-Basam, Avail Co-Founder Robinson Burke, and Wormhole Foundation Co-Founder Robinson Burke.According to the press release, the round is targeted solely at construction companies (as the name suggests) and claims no venture capital firm involvement.According to a press release, the funds raised will be used to build the flagship product, the SOON Stack and the SOON Mainnet, making SOON “the highest throughput rollup stack that brings…
James Ding 27 Aug 2024 13:14 Binance announced that it is adding new trading pairs and trading bot services to its spot markets, improving user experience and trading options. Binance, one of the world’s leading cryptocurrency exchanges, has announced the introduction of new trading pairs and trading bot services on spot markets to expand trading options and improve user experience. According to binance.com, the new features will be available starting from August 28, 2024, at 13:00 (UTC).New trading pairsBinance will be introducing trading for the following currency pairs:Dog/BRLDog/USDCRare/BRLRare/USDCThese additional features are expected to provide…