Citrea Launches Testnet to Enable Bitcoin-Based Decentralized Applications
Citrea has launched its public testnet, creating a solution to allow Ethereum Virtual Machine (EVM) developers to access Bitcoinâs blockspace. The team believes this is testnet marks a significant step toward using Bitcoin as a settlement layer for decentralized applications (apps).
Citrea Launches Testnet to Bring Decentralized Finance to Bitcoin
Citreaâs testnet is live on Bitcoinâs Testnet4, providing a platform for developers to build decentralized applications (dapps) without sacrificing Bitcoinâs self-sovereignty. The project introduces a trust-minimized approach using BitVM and the Clementine bridge, which will enable the secure bridging of bitcoin (BTC) for use in decentralized finance (defi).
By opening Bitcoinâs blockspace to EVM-compatible applications, Citrea aims to scale Bitcoinâs utility without relying on custodial solutions. Citreaâs infrastructure focuses on enhancing security and decentralization. The testnet supports multiple operator setups to mitigate risks associated with single points of failure. It also tests fraud-proof mechanisms to detect and prevent malicious operators.
Citreaâs bridge is designed for a 10 BTC fixed-amount bridging system, with ongoing development to improve accessibility and support third-party solutions like atomic swaps to facilitate more flexible transactions. âDevelopers have already started building third party solutions for swapping between BTC and cBTC (Bitcoin on Citrea),â the Citrea blog post states. âThese third party solutions aim to make bridging to Citrea more accessible and feasible.â
The Citrea team sees this launch as a crucial milestone in developing a Bitcoin-backed economy. By enabling dapp developers to use BTC for settlement, the project aims to foster financial inclusion and independence in a non-custodial fashion.
#Bitcoin #btc #BinanceBlockchainWeek #Binance $BTC
_đâ ïžđčBinance Revolutionizes Trading: Introducing Pre-Market Spot with Real Tokens!_ đ
$BNB $FDUSD $BTC đ‎ïžđȘ
{spot}(BTCUSDT)
{spot}(FDUSDUSDT)
{spot}(BNBUSDT)
Binance is shaking up the trading landscape with its groundbreaking pre-market spot trading feature! đž
_Key Features:_
đ Trade select tokens from Binance Launchpool
đ Pre-market period starts at least 4 hours before official spot listing
đ No extra fees, only standard Binance spot trading fees
đ° Trade actual tokens, not derivatives
đ« Restrictions apply in US, Canada, Japan, and other regions
_Expert Insights:_
"Meeting growing user demand for pre-market spot trading." - Vishal Sacheendran, Binance's Head of Regional Markets
_Benefits:_
đ Increased user engagement with token projects
đ Early community building for projects
đ Competitive advantage for Binance
_How it Works:_
1ïžâŁ Eligible tokens announced on Binance website
2ïžâŁ Pre-market trading begins
3ïžâŁ Official spot listing follows
_Market Reaction:_
đ Binance Coin (BNB) price boost expected
đ Increased trading volume and user activity
_What's Next:_
đ Expanded pre-market spot trading to more tokens
đ Enhanced trading experience for users
_Disclaimer:_
This article is for informational purposes only.
_Risk Warning:_
Cryptocurrency investments carry risk. Do your own research!
_Join the Conversation:_
Share your thoughts on Binance's innovative feature! đŹ
đđđAnalysts predict BTC to rise to $78,000 in the coming weeks amid the announcement of a âstimulus package for the Chinese economy.â
đThe Peopleâs Bank of China (PBOC) will inject $140,000,000,000 in liquidity into the financial system, cutting the RRR* rate by 50 bps.+ eased rules for buying real estate and will recapitalize the largest banks for the first time in more than 10 years
*RRR is the reserve requirement rate for banks.
đEvery superpower and big economy country is cutting their interest rates which is bullish for crypto currency firstly usa cut interest rate now china
#BinanceLaunchpoolHMSTR #FOMC
{future}(BTCUSDT)
{future}(WIFUSDT)
$TON
{future}(TONUSDT)
đ Crypto Showdown: Brett vs. Bonk in October! đ
October, often dubbed 'Uptober,' is here, and memecoin enthusiasts are buzzing! Brett, dominating the Ethereum L2 Base with an $863M market cap, faces off against Bonk, Solana's second-largest memecoin. Both have strong bull cases, but Brett's monopoly on Base and seamless liquidity flow from Ethereum give it an edge. Meanwhile, Pepe Unchained shakes things up with its unique L2 blockchain, raising $15M to disrupt the market. Who will reign supreme? Share your thoughts below! đŹ
#CryptoNews #Memecoins #Blockchain
$ETH Price Rally: Could ETH Hit $3,000?
{spot}(ETHUSDT)
Ethereum is showing strong bullish signals as the funding rate surges, suggesting a potential rally towards $3,000! Key highlights include:
- The 30-day moving average of Ethereum funding rates has shifted to bullish after a period of decline, indicating growing optimism among futures traders.
- ETH price has held steady above $2,600, boosted by over $62 million in recent inflows into US spot Ethereum ETFs.
- Analysts predict that overcoming the $2,800 resistance could pave the way for a push past $3,000, especially with favorable macroeconomic conditions and increased liquidity from recent Fed and Chinese central bank moves.
With strong market sentiment and a preference for ETH over BTC, this could be an exciting time for Ethereum holders!
#ETHETFsApproved #ETHđ„đ„đ„đ„ #BinanceLaunchpoolHMSTR #CATIonBinance #NeiroOnBinance
Dogecoin ($DOGE ) Price Forecast:
Potential for Growth
{spot}(DOGEUSDT)
DOGE is showing resilience, currently trading around $0.11 and stabilizing near key support levels. Co-founder Billy Markus (Shibetoshi Nakamoto) recently reaffirmed that Dogecoin remains the only crypto he's worked on, dismissing rumors about future projects.
Key Highlights:
- DOGE is experiencing a slight uptick, with a 30-day MVRV ratio indicating average holders are in profit.
- A bullish crossover in the MACD suggests increasing buying momentum.
- If DOGE breaks through the $0.1 resistance, it could target $0.12, potentially even $0.2!
With positive market sentiment and continued interest, keep an eye on Dogecoin for potential gains! đ¶
#DogecoinCommunity #BinanceLaunchpoolHMSTR #CATIonBinance #NeiroOnBinance #dogeâĄ
đš Ark/USDT Perpetual Trade Setup đš
$ARK
{future}(ARKUSDT)
Potential Entry: Around 0.4010 USDT
We're approaching a key liquidity zone. The chart shows a possible dip into the 0.4010 region, which might present a solid entry for a bounce back. đ The red trajectory suggests a rebound, targeting higher levels.
Risk Management First!
Before entering this trade, ensure you have a well-calculated stop-loss below the liquidity zone to avoid unnecessary risks. Stick to your plan and avoid over-leveraging. The key to successful trading isnât just about entry, but managing risk effectively.
Trading Wisdom:
Following the crowd often leads to losses. Smart money moves opposite to public sentiment. Stay vigilant, watch the trend markers, and be ready to act when the market shows its hand.
#ARK #BTCReboundsAfterFOMC #CATIonBinance #NeiroOnBinance #FTXSolanaRedemption
Gaming should be enjoyable, fair, and rewarding.
If you agree, read on⊠đ
At FUNToken, weâre building an ecosystem where you can play the games you love and earn real tangible rewards. đČđž
You heard that right, a platform where you can finally play, enjoy, and earn.
Stay tuned, for what's the next game to come ;)
đ Can $BNB Price Reach $800?
{spot}(BNBUSDT)
BNB is showing strong recovery potential, recently breaking out from an inverted head and shoulder pattern! With the launch of Binanceâs Pre-Market service, users can buy or sell tokens before they officially hit the spot market, potentially boosting transaction volume and demand for BNB.
Key highlights:
- BNB has rallied 30% from $471.3 to $598.5 over the past three weeks.
- A bullish crossover between the 50- and 100-day EMA supports further gains.
- If sustained buying continues, we could see BNB targeting $800!
However, a pullback below the trendline could shift momentum back to the bears. Keep an eye on this as Binance expands its offerings
#BNBAnalysis #moonbix #BinanceLaunchpoolHMSTR #CATIonBinance #NeiroOnBinance
BLZ Teeters Between $0.1499 Support and $0.1538 Resistance â Whatâs Next for Traders?
$BLZ recently displayed various intriguing trends and patterns on its 1-hour chart.Â
Closing prices have been fluctuating around key resistance and support levels, which offer potential opportunities for traders.
#BLZ closing prices wavered between $0.1498 and $0.1528, staying in close range with the resistance levels set at $0.1538 and $0.1539. However, the proximity to the support levels at $0.1511 and $0.1499 suggests that BLZ participants are testing these boundaries.
The 9 Exponential Moving Average (EMA) slightly undercuts the closing prices, hovering from $0.1516 to $0.1524 during the same span. On the other hand, the 20 EMA stays a notch above its 9 counterpart, staying within the range of $0.1521 to $0.1526.
When comparing the 9 and 20 EMA, they are both trending downward, indicating a bearish signal from this aspect of the analysis.
The Moving Average Convergence Divergence (MACD) has also displayed some bearish tendencies. This oscillator has seen a deeper drop into the negative territory with MACD values going from -0.000126 to -0.000406. The histogram shows a downward trend as well, reinforcing the bearish sentiment.
The full analysis and trade strategy were posted on www.ecoinimist.com.
{spot}(BLZUSDT)
SUI Faces Crucial Battle Between Bulls and Bears: Will It Break Resistance?
As of recent technical indicators, $SUI is caught in a strenuous tug-of-war between bullish and bearish behaviors.
Over several days, #SUI exhibited a roller-coaster range of closing prices, fluctuating between $1.709 and $1.7325 with extremes of $1.7205 and $1.7125, showing a certain level of volatility in the market. These fluctuations, when considered with vital resistance and support levels, could indicate potential entry and exit points for trades.
The Moving Average Convergence Divergence (MACD) indicators have shown a negative histogram over the past few hours. This suggests a bearish trend as the MACD values are underlying the signal values. It also indicates that sellers may be gaining control of the market and exerting selling pressure on SUI. However, it's crucial to consider this with other technical indicators before taking a position.
The 9 Exponential Moving Average (EMA) and 20 EMA show varying trends. The 9 EMA shows slight bullish behavior as it hovers above the most recent closing prices. On the contrary, the 20 EMA lies below recent closing prices and slightly hints towards a bullish signal as SUI rises above it.
The Relative Strength Index (RSI) presents more optimism for SUI. All values over the last couple of hours were above 50 and even crept up to 59.92, indicating that bullish momentum is picking up speed, and buyers are controlling the market. #TrendingInvestments The full analysis and trade strategy were posted on www.ecoinimist.com.
{spot}(SUIUSDT)