The 37 million WLD emission, representing the rate at which new tokens are created over time, will increase the token supply by 7%. The tokens will be distributed to team members, advisors, and investors. Initially, these early contributors’ WLD tokens were intended to be subject to a three-year lock-up schedule, which was extended to a five-year schedule in July. Source
Day: October 14, 2024
Trump's New Administration Would Support Strong Dollar, Economic Advisor Says
CryptoX – Cryptocurrency Analysis and News Portal A potential Trump presidency could bode well for one of BTC’s top nemesis, the U.S. dollar. Source The post Trump's New Administration Would Support Strong Dollar, Economic Advisor Says appeared first on CryptoX. CryptoX Portal
Bad Decisions By Ethereum Foundation Hurt ETH Price: CIO
Este artículo también está disponible en español. Zaheer Ebtikar, the Chief Investment Officer (CIO) and founder of Split Capital—a hedge fund specializing in liquid token investments—has attributed the Ethereum underperformance over the last months to strategic missteps by the Ethereum Foundation and structural shifts in crypto capital flows. In an analysis shared via X (formerly Twitter), Ebtikar writes, “Independent of the myriad of (probable) bad decisions that the ETH foundation & co have made there’s another structural reason why ETH has traded like a dog this cycle.” Why Is The…
Monochrome Ether Fund Will Go Live on Tuesday, Following Spot Bitcoin ETF Launch
Several countries have approved listings of spot crypto ETFs after the launch of the funds in the U.S. in January, though all have been significantly smaller in scale than their U.S. counterparts. Last week, South Korea’s news1 also reported that the country’s Financial Services Commission would consider allowing crypto ETFs. Original
Solana (SOL) Reclaims $150: Is The Rally Back On?
Solana climbed higher above the $140 resistance zone. SOL price is rising and might gain bullish momentum if it clears the $155 resistance. SOL price is attempting a fresh increase above the $142 pivot level against the US Dollar. The price is now trading above $148 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $147.50 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could gain bullish momentum if it breaks the $155 resistance zone. Solana…
Bitcoin Begins the Week on a High, Jumps Above $64K
Crypto majors moved higher Monday while memecoins led weekend action. PLUS: China stimulus announcements fell short of expectations, but traders’ hopes remain high. Original
XRP Price Range-Bound: Can It Break Out or Stay Stuck?
XRP price is moving higher from the $0.5250 support. The price could gain bullish momentum if it clears the $0.5450 and $0.5500 resistance levels. XRP price is attempting a fresh increase above the $0.5320 support. The price is now trading above $0.5350 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $0.5310 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $0.5450 and $0.5500 resistance levels. XRP…
Report: Arkham Intelligence Plans to Roll out Crypto Derivatives Exchange
According to someone with direct knowledge of the situation, speaking with Bloomberg, Arkham Intelligence, the company behind the multi-blockchain monitoring and parser tool, is gearing up to introduce a crypto derivatives exchange next month. Arkham Is Reportedly Preparing to Launch a Crypto Derivatives Trading Platform This week, Anna Irrera of Bloomberg revealed that Arkham Intelligence, […] Source
Ethena Labs Proposes SOL for USDe’s Collateral
If the proposal is approved by Ethena’s Risk Committee – which is independent of Ethena Labs – SOL will be gradually integrated as a collateral asset for USDe, with an initial allocation target of $100-200 million in SOL positions. This initial allocation would represent roughly 5-10% of SOL’s open interest, similar to its 3% stake in BTC’s global open interest and 9% in ETH. Source
Ethereum Price Gains Bullish Momentum: Is a Breakout Near?
Este artículo también está disponible en español. Ethereum price started a steady increase above the $2,450 resistance. ETH is holding gains and might gain bullish momentum above $2,520. Ethereum started a steady increase above the $2,420 and $2,450 resistance levels. The price is trading above $2,440 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $2,455 on the hourly chart of ETH/USD (data feed via Kraken). The pair must gain bullish momentum above the $2,520 and $2,550 resistance levels. Ethereum Price Regains…