Day: January 30, 2024

Binance Allows Traders to Custody Assets at Sygnum, FlowBank: FT

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Why Solana Beats Ethereum In This Bull Cycle: Crypto Expert

boss

In a recent analysis, Andrew Kang, co-founder and partner of Mechanism Capital, provided a comprehensive analysis of the cryptocurrency market, focusing on the comparative strengths of Solana (SOL) over Ethereum (ETH) in the current bull cycle. Kang shared his insights via X, the platform formerly known as Twitter. Central to Kang’s argument is the idea that in the current market, Solana presents a more favorable trading option than Ethereum. He states, “The definition of insanity is repeatedly trying to long ETHBTC when longing SOLBTC (or SOLETH) is the much better…

Maker generates $14m in revenue, Ethereum’s earnings surge

Maker Protocol tops the list in terms of revenue generated over the past month as Total Value Locked in the protocol witnesses swell. According to data provided by Defi Llama, Maker Protocol generated $14.22 million in revenue — also collected the same amount in fees — in the past 30 days. However, The DAI stablecoin generator’s TVL witnessed a 6.3% decline in the same timeframe, falling to $7.98 billion. Defi protocols’ revenue – Jan. 30 | Source: Defi Llama The leading defi protocol, Lido Finance, with a $21.8 billion TVL,…

ORDI: Extraordinary Price Movement Excites Investors

boss

At the time of writing, ORDI is experiencing a substantial increase in price after several events in the crypto world unraveled. Coingecko data reveals that ORDI is up nearly 12% in the past 24 hours. However, it remains to be seen whether this uptick in price will erase the bearishness experienced in the past few weeks.  But right now, the crypto market, as a whole, is up a huge amount. The latest market data shows that the broader market is up nearly 3% after the bullishness brought by major coins…

Floki Team Responds to Hong Kong Regulator Warning

To address regulatory concerns in Hong Kong, the Floki team said that they have implemented measures, including warning notices, blocking Hong Kong users from their staking programs, and pausing their offline marketing campaign in the region, ensuring no Hong Kong users have joined the program to date. Staking refers to locking cryptocurrencies in a blockchain network in return for rewards. Source

Bitcoin (BTC) Price Hints at $45k Rebound This Week

boss

Bitcoin price has rebounded 10% after tumbling to a 50-day low of $38,500 on Jan. 23, as market data trends hint that investors are positioned for a bullish start to February.  Bitcoin (BTC) suffered bearish price action after the SEC delivered a spot ETF approval verdict on Jan. 11, as speculators capitalized on media euphoria to secure profits, sending BTC to a 50-day low of $38,500.  After fiercely defending the $39,000 support, bullish Bitcoin investors are now making strategic moves to stage a significant price rebound in February.  BTC open…

Dogecoin Price Prediction – DOGE Bulls Aim For Fresh Rally To $0.095

Dogecoin is finding bids above the $0.0750 zone against the US Dollar. DOGE could gain bullish momentum if it clears the $0.0820 resistance zone. DOGE is showing positive signs above the $0.080 zone against the US dollar. The price is trading above the $0.0795 level and the 100 simple moving average (4 hours). There is a key rising channel forming with support at $0.0795 on the 4-hour chart of the DOGE/USD pair (data source from Kraken). The price could start a recovery wave if it clears $0.0820 and $0.0850. Dogecoin…

Ethereum Price Loses Steam – This Resistance Could Spark Another Decline

boss

Ethereum price jumped above the $2,280 resistance zone. ETH could gain bullish momentum if it clears the $2,330 resistance zone. Ethereum started a decent increase above the $2,250 resistance zone. The price is trading above $2,280 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance near $2,260 on the hourly chart of ETH/USD (data feed via Kraken). The pair might struggle to clear the $2,325 resistance zone and might correct lower. Ethereum Price Revisits Resistance Ethereum price started a decent increase…

Bitcoin Price Regains Strength As The Bulls Aim For Retest of $45K

boss

Bitcoin price is gaining pace above the $42,500 resistance. BTC is showing positive signs and might extend its increase toward the $45,000 resistance. Bitcoin price is moving higher above the $42,500 resistance zone. The price is trading above $43,000 and the 100 hourly Simple moving average. There is a major bullish trend line forming with support near $42,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise if it clears the $43,800 and $44,200 resistance levels. Bitcoin Price Climbs Higher Bitcoin…