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đŁ Orderly Network to Shut Down NEAR Instance on September 18 Orderly Network has announced that it will wind down its NEAR instance on September 18. This decision is part of a strategic shift to focus more on EVM (Ethereum Virtual Machine) trading and to integrate new chains. It aims to maximize trading volumes in the decentralized finance (DeFi) sector. This was posted on the official X account of the company and said that it will enable the network to focus on critical areas for the future growth of the business. âŒïž Important update: Orderly Network is winding down its NEAR instance on September 18 in order to prioritize EVM trading, as well as new, soon-to-be integrated chains, for maximum DeFi trading volume. đŹ The NEAR team is aware, as are builders currently integrated with Orderly. â Orderly Network Orderly Network Gives NEAR Users Details on Trade Closure and Settlement Process Ahead of Shutdown It has been shared with the NEAR team as well as builders who are currently integrating with Orderly through NEAR. This advance notice is designed to allow the users enough time to come to terms with the directional change and plan adequately for the change that is expected to happen. For the users who are still holding their positions in NEAR, there are certain aspects that have to be considered. All the opened trades at the time of decommissioning will be closed at the same price. The method used to establish these prices will be the mark price of the past one hour before the shutdown. This works to ensure that trades are closed in a proper way that reflects the current market price. đž Orderly Network to Focus on DeFi, Users Urged to Optimize Positions Before NEAR Shutdown Besides the information about the settlement price, the queried company referred to Orderly Network has stated that no trading fees will be charged during this type of settlement. Thirdly, there will be no funding fees by the users during the decommission period. #orderlynetwork #NEAR
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âïž 94% of #ARB Holders Losing: Time to Accumulate or Avoid? Arbitrum contributes 14% of DEX volume, yet 94% of ARB holders are currently at a loss.Regulatory scrutiny around Arbitrumâs classification as a security could impact its adoption and future growth. Arbitrum is quickly gaining traction in the decentralized finance (DeFi) industry, primarily due to its key role in DEX volume. According to IntoTheBlock data, Arbitrum accounts for more than 14% of total DEX volume, demonstrating its expanding impact in the DeFi ecosystem. Despite this, the vast majority of ARB token holders are losing money, with only 2% currently profitable, 4% breaking even, and a startling 94% in the red. This poses an important question: is this a fantastic chance for long-term accumulation, or does it foreshadow more issues for the Arbitrum ecosystem? Arbitrum is responsible for over 14% of overall DEX volume, yet only 2% of $ARB holders are currently in profit. Is this an opportunity for long-term accumulation, or a warning sign of underlying challenges ahead? â IntoTheBlock đž Arbitrum and BSC Lead as Ethereum Dominates, Solana Grows Arbitrum ranks among the top chains in terms of trade volume. Another tweet from IntoTheBlock explained the current distribution of DEX volume by chain. Ethereum continues to dominate the space, as expected, but Solana is developing as a serious challenger.Meanwhile, Arbitrum and Binance Smart Chain (BSC) account for 14% and 11% of the overall DEX volume, respectively. Base, a new entrant, experienced tremendous initial development but has now plateaued. This competitive landscape emphasizes the value of volume as a crucial measure of blockchain activity and user engagement. Beside that, according to CNF, Prometheum Capital intends to add both the Uniswap (UNI) and Arbitrum (ARB) tokens to its custodial platform and classify them as securities. This designation has sparked debate, as it could have far-reaching ramifications for regulatory issues surrounding digital assets.
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đ·đș Russia Ranks 7th in Cryptocurrency Acceptance According to statistics from the analytical service Chainalysis, Russia is in 7th place in terms of crypto adoption. The top six spots are occupied by India, Nigeria, Indonesia, the United States, Vietnam, and Ukraine. The Philippines, Pakistan, and Brazil also made it into the top 10. There is not a single EU country on this list, which is significantly behind in crypto adoption. âïž Analysts noted that the growth in cryptocurrency transactions is associated with the launch of #Bitcoin ETF in the US and the active use of stablecoins in low- and middle-income jurisdictions . Currently, crypto is used in Russia as a means of circumventing sanctions. Some companies actively use the stablecoin Tether (USDT) for trading. đŹ In September, a law on mining and cryptocurrencies came into force in Russia. According to experts, this will have a positive impact on the activities of crypto companies, since they now understand how to work legally in the country
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đ Solana Price Could Skyrocket to $160 Following This Bullish Squeeze Solanaâs (SOL) price has been in a phase of macro consolidation, fluctuating between $124 and $186 for some time. The key resistance level at $160 is critical for SOLâs price action in the near future. While some indicators point to a potential rise, the momentum may not be strong enough to push the altcoin beyond $160. However, market signals continue to suggest that a price surge toward this level is becoming increasingly likely. đž Broader Market Cues Favour Solana The market sentiment around Solana is currently leaning bullish, as the Bollinger Bands are tightening, a pattern that often signals a potential price rise. The candlesticks are positioned above the baseline of the Bollinger Bands, indicating upward momentum building in SOL. Additionally, trading volume remains low, which can precede major price movements. This combination of factors suggests that Solana could soon experience a price jump, potentially pushing it closer to the $160 resistance level. From a broader perspective, Solanaâs macro momentum appears strong. The Moving Average Convergence Divergence (MACD) indicator shows a growing gap between the MACD line and the signal line, following a recent bullish crossover. This widening gap is often interpreted as a signal of impending significant price movement. With Solana currently testing key resistance levels, such as $136, the widening MACD gap suggests that the altcoin could be poised for an upward trend in the coming days. đž #SOL Price Prediction: New Day, Same Range Solanaâs price is currently attempting to flip the $136 level into a strong support zone, having bounced off $124. If successful, this could provide the necessary momentum to push SOL upwards toward the critical $160 resistance level. Once the local barrier of $155 is breached, Solanaâs price will be on track to reach $160. At this point, however, the price may halt its upward momentum and continue its macro consolidation within the defined range.
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đŁ Ripple Case Closed: Ripple Chief Legal Officer Ripple's chief legal officer Stuart Alderothy makes a major announcement, highlighting that the company's years-long lawsuit against the U.S. Securities and Exchange Commission has concluded. Yesterday, in a post by X Alderoti, he stated that âthe Ripple case is over.â Ripple CLOâs comment suggests that the lawsuit has finally reached its conclusion. #XRP #Ripple
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