Millennium Management LLC has established itself as a frontrunner in the Bitcoin ETF investment industry since its establishment, investing approximately $2 billion across a variety of investment strategies. With this comprehensive stake, Millennium has positioned itself ahead of all institutional-class investments in cryptocurrencies. In light of the ever-changing market landscape, let us proceed by understanding …
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IO Token Surges Amid Binance Listing: A New Era for Solana-Based Altcoins
The burgeoning interest in Solana-based altcoins has reached a fever pitch recently, setting market trends on fire. Investments in AI-driven cryptos have surged, reflecting growing confidence in innovative tech solutions within the blockchain sphere. Standout performer io.net’s native token, IO, recently crossed the $5 threshold, rising by 50% following a pivotal exchange listing. Discover the
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Top Cryptos for Investment in 2024: BDAG, SHIB and More
2024’s Crypto Stars: BlockDAG, Fantom, Shiba Inu, Polkadot, and Render Take the Stage Which cryptocurrency will lead the market in 2024? This article dives deep to find out. Among many candidates, BlockDAG, Fantom, Shiba Inu, Polkadot, and Render stand out with features that catch the eye of investors. BlockDAG’s notable
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Ethereum Price Slippery Slope: More Downside Risks in Sight
Ethereum price failed to clear the $3,650 resistance. ETH declined again after the Fed decision and now shows bearish signs below the $3,550 level. Ethereum started a fresh decline below the $3,580 support zone. The price is trading below $3,550 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance near $3,610 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if it stays below the $3,600 resistance zone. Ethereum Price Dips Again Ethereum price attempted a recovery wave above the $3,550 and $3,580 resistance levels. However, ETH failed to settle above the $3,650 level and started another decline. There was a steady decline below the $3,580 level, like Bitcoin. The price declined below the $3,550 support level. There was a move below the 61.8% Fib retracement level of the upward move from the $3,431 swing low to the $3,655 high. Ethereum is now trading below $3,550 and the 100-hourly Simple Moving Average. There is also a major bearish trend line forming with resistance near $3,610 on the hourly chart of ETH/USD. If there is a fresh increase, the price might face resistance near the $3,580 level. The first major resistance is near the $3,600 level and the trend line. An upside break above the $3,600 resistance might send the price higher. The next key resistance sits at $3,650, above which the price might gain traction and rise toward the $3,720 level. A clear move above the $3,720 level might call for a test of the $3,800 resistance. Any more gains could send Ether toward the $3,880 resistance zone. More Downsides In ETH? If Ethereum fails to clear the $3,600 resistance, it could continue to move down. Initial support on the downside is near $3,480 and the 76.4% Fib retracement level of the upward move from the $3,431 swing low to the $3,655 high. The next major support is near the $3,420 zone. A clear move below the $3,420 support might push the price toward $3,320. Any more losses might send the price toward the $3,250 level in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,420 Major Resistance Level – $3,600
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Trillions of SHIB Transferred to Coinbase Raises Questions Among SHIB Army
On June 11, 2024, blockchain analytics firm OnchainDataNerd reported a significant movement of Shiba Inu (SHIB) tokens. Ten wallets collectively transferred over 4.29 trillion SHIB to the major cryptocurrency exchange Coinbase. This transfer, valued at roughly $100 million, has sparked speculation about the potential sale of these dormant SHIB holdings. Details of the SHIB Transfer The post Trillions of SHIB Transferred to Coinbase Raises Questions Among SHIB Army appeared first on Times Tabloid - Latest Cryptocurrency News, Bitcoin (BTC) News, Ethereum (ETH) News, Shiba Inu (SHIB) News, Ripple's XRP News .
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OpenAI’s revenue skyrockets to $3.4 billion in 6 months – Report
OpenAI’s annualized revenue rose more than 110% to $3.4 billion over the past six months, The Information reported Wednesday, citing an internal communication from CEO Sam Altman. The growth suggests that businesses have been quick to adopt the firm’s technology despite rising competition. Also read: Employees accuse OpenAI and Google DeepMind of hiding AI risks
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