Participants in the raise include Wintermute and Amber, in addition to other notable liquidity providers. Source
Woo Raises $9M to Boost Liquidity of WOO X Exchange
Day: January 18, 2024
Dogwifhat Zooms to Nearly 50 Cents as Solana Meme Coins Make a Comeback
The phone is the second from the company, following Saga’s recent success after nearly being deemed a failure. Meanwhile, value locked on Solana applications appears to be steadily gaining in the past week, data shows, after a brief slide in the first week of 2024. Source
Bitcoin miners offload over 10,000 BTC in single day, largest drop in over a year
Bitcoin miners parted with more than 10,000 Bitcoin on Jan. 17, marking the largest daily decline in their reserves in over a year. The data, sourced from on-chain analytics firm CryptoQuant, indicates that miner reserves plummeted by 10,233 BTC representing an amount valued at approximately $450 million. Miners typically alternate between phases of hoarding and selling Bitcoin. A report from Bitfinex last year indicated that miners had been accumulating Bitcoin since mid-2023, when prices and profitability were less favorable. However, with recent months witnessing a rise in prices and profitability,…
Number of blockchain developers slid by 24% in 2023, data shows
According to Electric Capital, the overall number of crypto developers in 2023 decreased by 24%, while the number of newcomers dropped by over 50%. In a 180-page research report, crypto venture firm Electric Capital revealed that the overall number of monthly active crypto developers decreased by 24% from 29,611 in December 2022 to 22,411 in December 2023. Despite the overall decrease, the study indicates a steady growth in the number of blockchain developers who have been actively contributing to the space for more than one year. This subgroup has seen…
Will X Unleash The Doge? Users Eager To Embrace The Memecoin
DOGE (Dogecoin), the cryptocurrency propelled by internet memes, is gaining attention on Elon Musk’s X (formerly Twitter), as evidenced by a survey conducted by a leading Doge account. The community’s interest in integrating Dogecoin (DOGE) into the platform for payments and tips is apparent, reflecting a desire to move away from traditional fiat currencies. Related Reading: Shibarium Shatters Records: 2 Million Transactions In A Day – Details Doge In X: Regulatory Challenges Elon Musk has been a vocal supporter of Dogecoin, praising its transaction speed and suitability in comparison to…
Downside Risks for Bitcoin (BTC) Remains Despite Early Success of Spot ETFs, Observers Say
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BNB Price Signals Bullish Exhaustion, Are Dips Attractive In Short-term?
BNB price is struggling to clear the $320 resistance zone. It might decline toward the $288 support zone before the bulls aim for another increase. BNB price is struggling to gain traction above the $320 resistance. The price is now trading near $310 and the 100 simple moving average (4 hours). There is a major declining channel or a bullish flag pattern forming with resistance near $316 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair might continue to move up if it stays above…
Frax Finance to Debut Its Ethereum Layer 2 in February: Founder
The new offering will add to Frax’s existing product suite, which comprises FRAX, a fully collateralized algorithmic stablecoin, a lending platform, an automated market maker, an inflation-linked stablecoin, FPI, and the liquid staking token frxETH. As of the time of writing, FRAX has a market cap of $647 million, the seventh-largest stablecoin in the world, per CoinGecko. Source
Ethereum Price Rejects $2,600, Can Bulls Save This Key Support?
Ethereum price struggled to extend gains above $2,600 and $2,620. ETH trimmed gains and might struggle to stay above the $2,500 support zone. Ethereum attempted a fresh increase but failed to surpass $2,620. The price is trading below $2,550 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $2,540 on the hourly chart of ETH/USD (data feed via Kraken). The pair start another increase if the bulls protect the $2,500 and $2,470 support levels. Ethereum Price Revisits Support Ethereum price started a…
Donald Trump Promises to "Never Allow" Central Bank Digital Currencies (CBDC) if Elected
Former President Donald Trump joins Ron DeSantis as a critic of CBDCs. Source