Month: February 2024

Crypto Exchange of 3AC Co-Founders to Shut Down This Month

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OPNX, a hybrid platform for trading bankruptcy claims and cryptocurrencies, has confirmed the closure of all its operations by February 14. The platform was launched by failed hedge fund Three Arrows Capital (3AC) co-founders last year. etoro: Experience a reliable, user-friendly platform trusted by millions. Stay ahead in the crypto world. Board the Crypto Train now! According to a CoinTelegraph report, the exchange emailed its customers, notifying them of the upcoming shutdown. It asked the customers to close all open positions by February 7 and withdraw the funds by February…

Another failed crypto venture by Su Zhu and Kyle Davies OPNX is shutting down

Open Exchange (OPNX), the cryptocurrency derivatives and bankruptcy claims platform founded by Su Zhu and Kyle Davies, the duo behind the now-bankrupt hedge fund Three Arrows Capital (3AC), will shut down this February. In an email sent to customers, OPNX advised users on the necessary actions to take before the exchange closed down, which included settling all positions by Feb. 7, 2024, and withdrawing all their assets from the platform by Feb. 14, 2024. Reasons for the closure were not mentioned in the announcement. “We are deeply thankful to each…

SOL Price Faces Big Move – Can Bulls Send Solana To $120?

Solana is attempting a fresh increase from the $92 zone. SOL price could gain bullish momentum if it manages to clear the $100 and $104 resistance levels. SOL price started a fresh decline from the $106 resistance against the US Dollar. The price is now trading above $92 and the 100 simple moving average (4 hours). There was a break below a key bullish trend line with support at $100 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could start another increase if it…

Ethereum Price Stuck In Range, Is This Bulls Trap or Technical Correction?

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Ethereum price is attempting a fresh increase above the $2,280 resistance. ETH could gain bullish momentum if there is a clear move above $2,350. Ethereum is slowly moving higher from the $2,240 support zone. The price is trading above $2,280 and the 100-hourly Simple Moving Average. There is a rising channel forming with resistance near $2,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair might start a fresh increase if it manages to clear the $2,350 resistance zone. Ethereum Price Stuck Below $2,400 Ethereum price correction…

Almost $1B In Altcoins Set To Flood The Market This February: Here Are The Key Ones

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February 2024 is a pivotal month, with nearly $1 billion in altcoins set to unlock. This phenomenon, crucial for investors and newcomers alike, signifies the release of previously restricted altcoins into the market, influencing supply and demand dynamics. Alex Wacy, a renowned decentralized finance (DeFi) research specialist, has highlighted this significant event, emphasizing its impact on some of the notable altcoins among this February unlock. Altcoins Unleash: The February Token Unlocks February’s token unlocks encompass a diverse range of projects. Key players such as Aptos (APT), Immutable (IMX), Sui (SUI),…

Investors Predict Bitcoin To Surpass $69,000 Post Halving

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A recent survey conducted by Bitget has shed light on investors’ optimistic outlook towards the upcoming Bitcoin (BTC) halving event scheduled for April 2024. Notably, the survey indicates that most respondents anticipate Bitcoin surpassing its all-time high (ATH) of $69,000 during the next bull run.  The study also highlights diverse predictions for Bitcoin’s price during the halving and provides insights into investment intentions across different regions. Bullish Sentiment Soars According to the survey, an overwhelming 84% of respondents globally predict Bitcoin will exceed its previous ATH of $69,000 in the…

Bitcoin Price Could See “Liftoff” if It’s Able to Hold One Crucial Level

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Bitcoin price is attempting a fresh increase from the $42,000 support. BTC could gain bullish momentum if it clears the $43,300 resistance zone. Bitcoin price is attempting a fresh increase above the $42,750 resistance zone. The price is trading above $42,800 and the 100 hourly Simple moving average. There is a short-term rising channel forming with support near $42,950 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise unless there is a close below the $42,350 support zone. Bitcoin Price Remains…

Accumulation Trend Peaks At A 3-Year High – What’s Driving The Surge?

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According to data shared by renowned crypto analyst Ali, Bitcoin has recently witnessed a significant development in its investment dynamics, marking a notable shift in the crypto market. In a post on X published earlier today, Ali disclosed that Bitcoin is experiencing a substantial accumulation streak, which has not been seen in nearly three years. According to the analyst, this surge in the Accumulation Trend Score indicates the growing confidence among larger entities in the cryptocurrency market. Ali’s shared data further reveals that the Accumulation Trend Score for Bitcoin has…

BitMEX Co-Founder Backs Solana Amidst Fears of Another US Bank Collapse

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In a post on X, Arthur Hayes, the co-founder of the derivatives crypto exchange BitMEX, said it might be time for traders to double down on Solana (SOL) and altcoins in general. Hayes’s comments come at a time of heightened volatility in the broader crypto market, with Bitcoin (BTC) struggling to regain its footing and altcoins, including Ethereum (ETH), posting mixed results. Time To Switch To Solana? The co-founder noted that it could be time to get back on the Solana “train.” With this preview, Hayes is convinced that Solana and…