Bitcoin’s max pain level for Friday’s expiry is $59,000.”The current max pain point of $59,000, approximately 8% below the spot price, does create some potential downward pressure as we approach expiry,” Rick Maeda, an analyst at Presto Research, told CoinDesk.
Tether once again claims to have earned 10-figure profits from issuing its stablecoin but continues to dodge a third-party audit that might transform these claims into a verifiable reality. On July 31, Tether issued its latest attestation report on the reserve assets allegedly backing up the over $113 billion in circulating USDT tokens as of…
Willemstad, Curacao, June 6th, 2024, Chainwire The BetFury crypto ecosystem announced a great Cryptodrop. The prize pool of $20,000,000 will be distributed from the end of Q3 to the beginning of Q4. This initiative offers participants the chance to earn cryptocurrencies by completing various tasks. The Cryptodrop pool consists of top-tier crypto and BFG tokens,…
Whale addresses offload 600 million XRP in one day. Long-term holder activity hits 7-month high. Resistance at $2.27 remains key barrier for next move. XRP has climbed from $1.94 to $2.24 in recent sessions, a 15% gain that marks a short-term recovery for the Ripple-associated token. However, despite the rise, concerns are building over its…
On August 9, Michael Saylor, the Co-Founder and Executive Chairman of MicroStrategy, gave an enlightening interview on Fox Business. Known for his strong advocacy of Bitcoin, Saylor shared his thoughts on the current state of Bitcoin, its future potential, and the broader implications of digital finance for investors, corporations, and nations. Saylor began by addressing…
Tomorrow, a new perpetual contract listing – POLUSDT – featuring POL, the newly introduced Polygon Ecosystem token – will be available to trade on BitMEX, with up to 10x leverage. Trading for POLUSDT will start at 04:00 UTC on 5 September 2024. You will be able to trade the new contract here. This listing comes…
Ben Chow, the co-founder and ex-CEO of Solana-based DeFi protocol Meteora, has stepped down following allegations of insider trading related to the disastrous launch of LIBRA last week. The pseudonymously named co-founder of Meteora, Meow, posted the news on X / Twitter, saying the resignation came as a result of Chow’s recent “poor judgement”. An…