A recently rebranded, low-cost layer-1 altcoin is on the rise after suddenly gaining support from Coinbase, the largest U.S. cryptocurrency exchange platform. Coinbase Assets has announced that it will be adding support for Gravity (G, formerly Galxe), an interoperable Ethereum (ETH)-based smart contract platform. “Trading will commence on or around 12:00 PM on August 13, 2024, subject to liquidity requirements. Trading will commence in phases on the G-USD trading pair as supply of this asset becomes sufficient.” Digital assets surged on news of the listing, with G rising about 8% from a low of $0.0378 to a high of $0.0411…
Author: Crypto Flexs
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Company • August 16, 2024 3:05 AM EDT Posted 1 minute earlier ~ in South Korea’s National Pension Service, the world’s third-largest pension fund by assets, purchased $33.7 million worth of MicroStrategy stock in the second quarter of this year.NPS’s Holdings ReportThe pension fund bought 24,500 shares of Microstrategy Inc. in the second quarter, according to a report filed with the Securities and Exchange Commission this week.This move is intended to increase the fund’s indirect exposure to Bitcoin. Previous Purchases In Q3 last year, he purchased 282,673 shares of Coinbase, worth $19.9 million at the time.Latest NPS filing The pension…
Lawrence Jengar 16 Aug 2024 06:09 The Sui Bridge incentive program, which ran in June, identified bugs and collected insights for a smoother bridging experience. Over 184,000 transactions were completed. In June, the Sui Bridge Incentive Program was launched, inviting the community to rigorously test the Sui Bridge Testnet implementation by transferring assets between Ethereum Sepolia and Sui. According to The Sui Blog, the program successfully facilitated over 184,000 transactions, which played a vital role in identifying and fixing bugs, improving features, and improving the overall user experience.Key StatisticsTrading indicators:Total Transactions: 184,000+Inbound Transactions: 127,000+Outbound…
Football fans preparing for the Premier League 24/25 season are expected to be interested in a number of Fan Tokens starting Friday and throughout the weekend. The integration of blockchain technology and cryptocurrencies has revolutionized the way fans interact with their favorite teams. Fan tokens currently boast a market cap of up to $276 million, demonstrating their growing influence in the sports world. Fan tokens are geared towards volatility as Premier League news unfolds In the summer, football players have been participating in international tournaments with weeks of pre-season preparation. The Premier League starts on Friday, August 16, and the…
US Spot Ethereum Ethereum -2.12% A three-day streak of positive flows ended on Thursday with $39.21 million outflows from exchange-traded funds (ETFs).Grayscale Ethereum Trust (ETHE) continued to experience outflows, with $42.52 million leaving the fund. data At SosoValue, it was the only spot ether ETF to report outflows on Thursday.The Grayscale Ethereum Mini Trust (ETH), the second-largest spot ETH ETF by net assets, reported no inflows on Thursday after recording net inflows of $2.26 million the previous day.Fidelity’s FETH saw net inflows of $2.54 million, while BlackRock’s ETHA saw $770,350 flow into the fund. The remaining ETFs saw no inflows.On…
Iris Coleman 16 Aug 2024 04:05 NVIDIA is powering live media applications with the launch of Holoscan for Media, an AI-powered platform that enables live video pipelines to run on the same infrastructure as AI. NVIDIA has announced the launch of its latest innovation, Holoscan for Media, a software-defined AI-enabled platform designed to power live media applications. According to the NVIDIA Technical Blog, the new platform allows live video pipelines to run concurrently with AI on the same infrastructure, significantly simplifying the development and deployment process for media developers. Innovation in live media development…
What was previously a solid support level has now become a major resistance level for ADA. However, markets remain divided and uncertainty is the dominant sentiment. Cardano (ADA) has not been affected by the broader market downturn like many other cryptocurrencies. In fact, at the time of writing, ADA is trading within a margin of $0.3348 after a 1.8% drop in the last 24 hours. Can ADA Break $0.3449 Resistance? ADA attempted to break above the resistance level of $0.3449, which was its support level before crashing on August 11, but failed. However, after three failed attempts, a bearish continuation…
Bitcoin (BTC) has been stuck in a tight range since August 8, failing to break above $62,000 while consolidating at $58,000. This consolidation reflects growing uncertainty among traders, especially as the BTC futures funding rate remains negative, indicating low demand leverage for buyers. The question arises as to whether this indicator alone can determine the direction of the cryptocurrency market, or whether past patterns suggest that an uptrend is imminent.S&P 500 and gold near all-time highs while Bitcoin fails to maintain momentumThe main concern for Bitcoin investors is the positive performance of the S&P 500, which is currently 2.5% below…
Coinbase analysts expect crypto market participants to remain cautious, with Ether and Solana showing higher betas. According to Thursday’s Coinbase Weekly report, these altcoins have increased sensitivity to market movements and may react more strongly to changes in the broader crypto market.”We expect market participants to remain cautious about their risk exposures in the coming weeks. Ethereum -3.34% and brush -1.41% Coinbase analyst David Duong said, “They are currently showing greater sensitivity to the overall crypto market with higher betas of around 0.85 and 0.83 respectively.” The Coinbase analyst noted that Solana and Ether have been the main “beta plays”…
Bitcoin donations secure Asanji’s releaseWikiLeaks co-founder Julian Assange was freed after a 14-year fight against extradition to the United States, thanks to a generous anonymous Bitcoiner. The 8 Bitcoin donation, worth about $500,000, helped Assange’s family pay off the debts they incurred due to travel and settlement expenses. This financial support was crucial in Assange’s last-ditch effort to secure his freedom.Asanji’s strategic move to avoid US territoryAccording to Bitcoin News, on June 24, Asanji was released from Belmarsh Prison in the UK and quickly departed on a private plane for Saipan in the Northern Mariana Islands, a U.S. territory. Asanji,…