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Crypto news: November 3, 2024
1. BlackRock Launches Ether ETF in Brazil
BlackRock, the world's leading asset management firm, has officially launched an Ether Exchange-Traded Fund (ETF) in Brazil, marking a significant step in expanding cryptocurrency investment products in the South American market.
2. HashKey Adds AVA and LINK Trading for Retail Investors in Hong Kong
HashKey exchange has expanded its product offerings by adding AVA and LINK trading pairs, catering to the needs of retail investors in Hong Kong. This move r
BlackRock, the world's leading asset management firm, has officially launched an Ether Exchange-Traded Fund (ETF) in Brazil, marking a significant step in expanding cryptocurrency investment products in the South American market.
2. HashKey Adds AVA and LINK Trading for Retail Investors in Hong Kong
HashKey exchange has expanded its product offerings by adding AVA and LINK trading pairs, catering to the needs of retail investors in Hong Kong. This move r
Crypto news: November 2, 2024
1. Mt. Gox Wallet Transfers $35 Million in Bitcoin
After two months of inactivity, Mt. Gox's cold wallet has transferred $35 million worth of Bitcoin to two new addresses. This move has drawn attention regarding the potential repayment to creditors.
2. dYdX Lays Off 35% of Workforce
Decentralized exchange dYdX has reduced its workforce by 35% amid market volatility. This action aims to optimize operations and prepare for upcoming challenges.
3. Cardano vs. Ethereum: FXGuys' Perspective
The debat
After two months of inactivity, Mt. Gox's cold wallet has transferred $35 million worth of Bitcoin to two new addresses. This move has drawn attention regarding the potential repayment to creditors.
2. dYdX Lays Off 35% of Workforce
Decentralized exchange dYdX has reduced its workforce by 35% amid market volatility. This action aims to optimize operations and prepare for upcoming challenges.
3. Cardano vs. Ethereum: FXGuys' Perspective
The debat
LUMIA Tokenomics Overview and Analysis
LUMIA is the native token of the Lumia ecosystem, a next-generation blockchain focused on the tokenization of Real World Assets (RWA) and providing deep liquidity for these assets within the DeFi space. Below is a detailed analysis of LUMIA’s tokenomics:
1. Total Supply and Allocation:
Total Supply:
238,888,888 LUMIA
Allocation:
Node Rewards: 73,439,930 LUMIA (50.21%)
Community Initiatives: 72,817,703 LUMIA (49.79%)
Note: There is no allocation for the development team; the entire new supply is
1. Total Supply and Allocation:
Total Supply:
238,888,888 LUMIA
Allocation:
Node Rewards: 73,439,930 LUMIA (50.21%)
Community Initiatives: 72,817,703 LUMIA (49.79%)
Note: There is no allocation for the development team; the entire new supply is
Scroll Token (SCR) from A-Z
Scroll (SCR) is a Layer 2 scaling solution for Ethereum that uses zkRollup technology to improve performance and reduce transaction costs on the Ethereum network. The SCR token plays a significant role in the Scroll ecosystem, used for governance and various protocol activities.
Price and Market Capitalization Update:
As of November 1, 2024, SCR's price is approximately $0.6778, a 1.69% decrease from the previous day. The highest price for the day reached $0.6907, with a low of $0.6546. SCR’s cu
Price and Market Capitalization Update:
As of November 1, 2024, SCR's price is approximately $0.6778, a 1.69% decrease from the previous day. The highest price for the day reached $0.6907, with a low of $0.6546. SCR’s cu
As of November 1, 2024, Ethereum (ETH) is trading at approximately $2,529.87, reflecting a decrease of $103.74 (or 3.94%) from the previous day. Over the past 24 hours, the highest price reached was $2,633.90, and the lowest was $2,473.88.
Technical Analysis:
According to data from TradingView, current technical indicators suggest a "Strong Sell" signal for ETH. Specifically, moving averages and oscillators are leaning towards selling, indicating a short-term downward trend.
Fundamental Analysis:
Ethereum continues to be a leading platform for decentralized applications (dApps) and smart contracts. However, the cryptocurrency market is experiencing volatility, impacting ETH's value. Factors such as global economic fluctuations, monetary policies, and competition from other blockchains play significant roles in shaping ETH's price.
Conclusion:
Investors should exercise caution and closely monitor market developments and technical indicators before making investment decisions regarding Ethereum.
$ETH #ETH #BTC #altcoin
Technical Analysis:
According to data from TradingView, current technical indicators suggest a "Strong Sell" signal for ETH. Specifically, moving averages and oscillators are leaning towards selling, indicating a short-term downward trend.
Fundamental Analysis:
Ethereum continues to be a leading platform for decentralized applications (dApps) and smart contracts. However, the cryptocurrency market is experiencing volatility, impacting ETH's value. Factors such as global economic fluctuations, monetary policies, and competition from other blockchains play significant roles in shaping ETH's price.
Conclusion:
Investors should exercise caution and closely monitor market developments and technical indicators before making investment decisions regarding Ethereum.
$ETH #ETH #BTC #altcoin
Crypto news as of November 1, 2024
1. Bitcoin Price Drops Below $70,000
After ending October with growth, Bitcoin's price has fallen below $70,000, wiping out approximately $500 million in open interest (OI). Despite the Personal Consumption Expenditures (PCE) data meeting expectations, the market reacted negatively.
2. Tether Reports Record Profit in Q3
Tether, the issuer of the USDT stablecoin, announced a record profit of $2.5 billion in the third quarter of 2024, indicating strong business growth.
3. Immutable Receives SEC No
After ending October with growth, Bitcoin's price has fallen below $70,000, wiping out approximately $500 million in open interest (OI). Despite the Personal Consumption Expenditures (PCE) data meeting expectations, the market reacted negatively.
2. Tether Reports Record Profit in Q3
Tether, the issuer of the USDT stablecoin, announced a record profit of $2.5 billion in the third quarter of 2024, indicating strong business growth.
3. Immutable Receives SEC No
As of November 1, 2024, Bitcoin (BTC) is trading at approximately $69,354, down around 4% from the previous day. Over the past 24 hours, the price has fluctuated between a low of $68,773 and a high of $72,671.
Trend Analysis:
Recent Volatility: Over the past week, Bitcoin has experienced significant volatility, rising above $72,000 before dropping below $70,000 on November 1.
Influencing Factors: This volatility may be related to global economic and political events, including the upcoming U.S. elections and inflows into Bitcoin ETFs.
Technical Analysis: Indicators such as moving averages and the Relative Strength Index (RSI) suggest a short-term uptrend.
Forecast: Bitcoin's price could continue to fluctuate in the short term, with an expected range between $60,000 and $80,000 by the end of 2024.
Conclusion: Bitcoin is currently in a highly volatile phase, influenced by various economic and political factors. Investors should closely monitor market developments and carefully consider their options before making investment decisions.
#BTC
Trend Analysis:
Recent Volatility: Over the past week, Bitcoin has experienced significant volatility, rising above $72,000 before dropping below $70,000 on November 1.
Influencing Factors: This volatility may be related to global economic and political events, including the upcoming U.S. elections and inflows into Bitcoin ETFs.
Technical Analysis: Indicators such as moving averages and the Relative Strength Index (RSI) suggest a short-term uptrend.
Forecast: Bitcoin's price could continue to fluctuate in the short term, with an expected range between $60,000 and $80,000 by the end of 2024.
Conclusion: Bitcoin is currently in a highly volatile phase, influenced by various economic and political factors. Investors should closely monitor market developments and carefully consider their options before making investment decisions.
#BTC