Author: News Room
Crypto markets experienced volatility overnight as bitcoin and ether tumbled before recovering to trade 15% higher than their Wednesday lows. Wednesday’s decline was attributed to profit-taking from last week’s rally and a flush of leveraged bets on higher prices, with some traders suggesting a technical downtrend. Sentiment reversed after U.S. Federal Reserve Chair Jerome Powell’s dovish FOMC speech, leading to a jump in BTC, ETH, and other major tokens, particularly those of layer-2 platforms and meme coins. The inherent volatility of crypto markets was on full display overnight as bitcoin (BTC) and ether (ETH) tumbled, then recovered to trade as…
Hut 8’s investors who incurred significant losses now have the opportunity to lead a class action lawsuit against the firm that seeks to recover losses for shareholders who were adversely affected by alleged securities fraud. The period in question spans from November 9, 2023, to January 18, 2024, during which Hut 8 Corp. is accused of withholding crucial information from investors. According to the complaint, Hut 8 failed to disclose vital information to its investors. According to the complaint filed, the company allegedly concealed the fact that one of its largest shareholders is an undisclosed related party. Furthermore, there are…
Reserve Rights (RSR) price is one of the many cryptocurrencies that have charted astonishing rallies in a single day this month. However, looking at the market and asset conditions, it seems like this rally will bear little to no impact. Reserve Rights Price Needs More Steam Reserve Rights price shot up by over 52% in the last 24 hours, bringing the altcoin to a 17-month high. However, cryptocurrency is still far from charting a fresh all-time high. Nevertheless, this rise did bring the low-cap crypto asset to notice. Interestingly, despite the growth, the potential of any impact of the rally…
PRESS RELEASE. In a significant move demonstrating the power of Presale support and blockchain transparency, SLERF, in collaboration with LBank, has successfully issued a refund totaling 3,800 SOL to its early, small-scale fundraisers. This achievement was made possible through the swift action of the community, which raised nearly 4,000 SOL in just 24 hours to […] Read the full article here
[PRESS RELEASE – Singapore, Singapore, March 22nd, 2024] Rollie Finance, the first one-swipe AI trading perpetual exchange on Scroll, announced today that it has raised a seed round of funding from Animoca Ventures, M77 Ventures, Sandy Peng, Co-Founder of Scroll, Alex Lee, Founder of Wombat Exchange, and Kate Wong, COO of RSS3. Rollie Finance stands out from the many decentralized perpetual exchanges through its innovative AI-powered one-swipe-trading design, in which trades can be placed by simply swiping left or right on mobile to reflect users’ interests and trading appetites. Inside the simple one-swipe-trading interface, numerous trading algorithms, years of trading…
Recent developments in the financial markets have sparked debate over whether investors are shifting their assets from gold exchange-traded funds (ETFs) to Bitcoin ETFs. Despite the rapid growth of bitcoin ETFs in the US, research from investment banks suggests that the emergence of these digital asset funds has not significantly impacted gold ETF outflows. How Bitcoin ETFs Are Not Causing Outflows in Gold ETFs Bitcoin ETFs globally attracted $11.3 billion by March 21, even as the Grayscale Bitcoin ETF saw substantial outflows. Concurrently, gold ETFs experienced a $7.7 billion reduction, despite gold reaching a record $2,200 per ounce. This led…
The much awaited beta launch of OraiBTC Subnet is set to occur on March 19, according to Oraichain, a pioneer in the integration of blockchain technology with artificial intelligence. With this breakthrough, Bitcoin (BTC) will be included into the Oraichain ecosystem for the first time, providing a decentralized bridge for easy deposits and withdrawals of BTC. Users may straight away swap the asset for ORAI tokens and bridge BTC between the Oraichain and Bitcoin networks in both ways thanks to the Subnet, which is meant to make it easier to move Bitcoin into and out of the Oraichain network. It…
EDF subsidiary Exaion has become a validator on the Chiliz Chain. Chiliz is seeking to leverage Exaion’s expertise in energy and technology. Exaion follows French soccer giant PSG, which also recently became a Chiliz validator. Exaion, a subsidiary of France’s state-owned energy company EDF, became a network validator for the Chiliz Chain, joining one of the country’s leading soccer teams in securing the network that hosts fan token trading for Socios.com as it looks to expand its blockchain efforts into sports and entertainment. Chiliz is seeking to leverage Exaion’s expertise in the energy and tech sectors, according to an emailed…
The ETHBTC chart is often overlooked, but this “hidden” chart might be your best bet for finding volatility growth cycles. What makes this chart special is its ability to signal incoming volatility swings on the market. When ETHBT goes up, it is often a sign that money is flowing into Ethereum’s network. This influx is not just idle cash; it is active, it is chasing after returns and it is often poured into Ethereum’s DeFi, leveraged trading platforms and meme coins. These sectors are notorious for their high-stakes, high-reward nature, which naturally brings in more volatility. Looking at the chart,…
While Binance, the world’s largest cryptocurrency exchange, continues to list altcoins and launchpoll, investors are also investigating altcoins that have the potential to be listed on Binance. Because the prices of altcoins listed in Binance futures or spot transactions generally skyrocket and big gains are made. While there are many predictions and expectations at this point, the X account named BSC Daily announced 25 potential projects that can be listed on Binance in 2024. In addition, the account pointed out that former Binance CEO CZ’s listing criteria for altcoin listings are in these projects, and said that these criteria are…