Humanity Protocol has achieved unicorn status following a recent funding round that raised $30 million, resulting in a valuation of $1 billion. The post Humanity Protocol Achieves Unicorn Status with $30 Million Funding, Valuation Reaches $1 Billion appeared first on Cryptonews .
read more
Long-Dormant Bitcoin Wallet Moves Over $536 Million to Binance After 5.5 Years
A Bitcoin wallet, dormant for over five years, has recently become active. This wallet, which previously acquired BTC when prices were a fraction of their current value, has made a significant transaction this afternoon. A staggering amount of over $500 million worth of Bitcoin was moved from this previously inactive wallet. A once inactive Bitcoin
read more
Binance Labs Announces New Investment in AI-Enabled Layer-2 Crypto Project
The venture capital and incubation arm of the world’s largest crypto exchange is advancing artificial intelligence (AI) technology-focused integration with blockchain in its latest investment. In a new announcement, Binance Labs says it has invested in Zircuit, a new Layer-2 (L2) network with AI-enabled “sequencer level” security. According to the announcement, Zircuit’s L2 combines rollup The post Binance Labs Announces New Investment in AI-Enabled Layer-2 Crypto Project appeared first on The Daily Hodl .
read more
BlockDAG X1 App Outshines Jupiter and Avalanche in Market Performance
Surging Ahead: BlockDAG’s X1 App Powers Through Global Markets with a 1120% Increase, as Jupiter and Avalanche Falter! While Jupiter investors seek stability after a recent price dip and token release potentially impacting Avalanche’s market value, BlockDAG has stolen the limelight globally with its aggressive expansion tactics. Noteworthy events in
read more
Is Ethereum’s Price Under Pressure? Here Is What Futures Data Signals
Recent data from CryptoQuant has revealed a bearish phase for Ethereum (ETH), as futures traders exhibit strong selling activity. The crypto community closely monitors these developments, especially with Ethereum struggling to hold above the $3,500 mark, adding tension to an already volatile market. Related Reading: Blood In The Water? Ethereum Whales Circle As Price Drops Ethereum Market Sentiments And Technical Indicators Data from CryptoQuant has shed light on the current market conditions for Ethereum, suggesting a potential continuation of the current downtrend. The analysis focuses on the ‘Taker Buy Sell Ratio,’ a key indicator of market sentiment in the futures arena. This metric assesses the balance of buying versus selling activity; a ratio above 1 indicates dominance by buyers, reflecting stronger buying pressure, while a value below 1 highlights aggressive selling. Unfortunately for Ethereum investors and enthusiasts, this ratio has recently dipped below 1, signaling that sellers are overpowering buyers. This downtrend is mirrored by the significant drop in the Taker Buy Sell Ratio, which has steeply declined, showing a clear shift toward seller dominance. Such aggressive selling could stem from traders aiming to capitalize on speculative gains or seeking to mitigate risks amidst heightened market volatility. $ETH‘s plummet might persist in the short term “This trend suggests that the majority of futures traders have been selling #Ethereum aggressively, either for speculative purposes or to realize profits.” – By @Greatest_Trader Link 👇https://t.co/yz9DVphQ8l — CryptoQuant.com (@cryptoquant_com) June 11, 2024 The persistence of this trend is a concerning signal for Ethereum’s short-term price outlook as it struggles to find support levels that could stabilize its value. The crypto analyst, Shayan BTC, who posted this update on the CryptoQuant quick-take platform, particularly noted: This significant drop in the metric is a bearish signal, suggesting that the current downward retracement could persist if this trend continues. Implications: ETH’s Current Trading Behaviour The bearish indicators are more than a fleeting concern; they have tangible impacts on Ethereum’s market position. Over the past week, Ethereum has seen a 2% decline, with a sharper drop of nearly 6% in the last 24 hours alone, bringing its price down to $3,471. This correction follows a recent high of nearly $4,000 in late May, illustrating the volatile swings that can affect investor sentiment and market dynamics. Furthermore, Ethereum’s challenges are compounded by the rise of competing platforms like Polygon, which recently reported a higher monthly active user count than Ethereum. MAU (Monthly Active Users) on @0xPolygon surpassed Ethereum. Probably nothing. https://t.co/bpxIxu7ZcF — Mihailo Bjelic (@MihailoBjelic) June 11, 2024 While this does not directly influence Ethereum’s price, it signals shifting preferences within the blockchain ecosystem, potentially diverting attention and investment from Ethereum. Related Reading: Ethereum Price Downward Drift: Decline Resumes Again Such shifts are crucial for investors to monitor, as they could dictate the strategic directions of Ethereum and its emerging competitors in blockchain technologies. Featured image created with DALL-E, Chart from TradingView
read more
Pepe Coin vs. Shiba Inu vs. Floki: Why Furrever Token’s Community Rewards Could Surpass Them All
The meme coin market is buzzing with activity as Pepe Coin, Shiba Inu, and Floki each carve out their niches. Pepe has recently emerged as a strong contender, surpassing Dogecoin and becoming the new king of meme coins. Shiba Inu continues to gain traction with its potential ETF approval, which could drive its price to The post Pepe Coin vs. Shiba Inu vs. Floki: Why Furrever Token’s Community Rewards Could Surpass Them All appeared first on Times Tabloid - Latest Cryptocurrency News, Bitcoin (BTC) News, Ethereum (ETH) News, Shiba Inu (SHIB) News, Ripple's XRP News .
read more
Tether Unveils $1 Billion Warchest For Deals And Investments In Key Markets
Stablecoin issuer Tether and its investment arm, Tether Investments, have revealed their intention to allocate more than $1 billion to various investment opportunities over the next 12 months. According to a Bloomberg report, Paolo Ardoino, Chief Executive Officer behind the USDT stablecoin, shared insights into the company’s next investment strategies and areas of focus in
read more