Treasure Set to Launch Decentralized Game Console on ZKsyncâs Elastic Chain đ€đ»
Treasure is launching a decentralized game console on the Elastic Chain, powered by #ZKsync 's ZK Stack. After a 99.5% community vote, the Treasure Layer 2 will soon roll out, with a testnet called "Topaz" launching ahead of the mainnet, expected in 1.5-2 months.
Core products will be upgraded, and partner tools like #EigenLayer and LayerZero are joining. The migration will be seamless for users, and a token swap with ZKsync Foundation will follow per DAO proposal TIP-44.
If you enjoy my content, feel free to tip me â€ïž
#Binance
#crypto2024
**DeFi Exploit Drains $230K from Bankroll Network**
A recent hack on the decentralized finance (DeFi) protocol Bankroll Network resulted in a loss of $230,000. The attack, which occurred on September 22, was highlighted by blockchain security firm TenArmor. The hacker exploited a vulnerability, allowing them to withdraw more than they deposited, possibly using flash loans for the initial deposit.
**Phishing Attack Launders $250K via CoW Protocol**
A phishing attacker, who previously stole $55.4 million from a crypto whale, moved $250,000 through the CoW DeFi protocol. The attacker converted stolen DAI to ETH in an attempt to launder the funds, but was detected by PeckShield.
**Stay Vigilant**
Crypto users are advised to research protocol security and be cautious of phishing scams to protect their assets.
$PENDLE /USDT
Spot and Resistance in Trading: Key Concepts
In trading, understanding spot price and resistance levels is crucial for making informed decisions. The spot price refers to the current market price at which an asset, such as a stock, commodity, or currency, can be bought or sold immediately. It reflects the real-time supply and demand dynamics and acts as a baseline for traders to enter or exit positions.
On the other hand, resistance is a price level where an asset faces pressure to move higher, as many traders opt to sell at that point. Itâs considered a psychological barrier where the market struggles to rise beyond due to the increased selling activity. Identifying resistance levels is essential for traders to anticipate potential price reversals or breakouts. When the price breaks through resistance, it often signals a bullish market, and new highs may follow.
Successful traders monitor both spot prices and resistance levels to refine their strategies. Spot prices help determine the current market value, while resistance levels guide traders on when to sell, buy, or adjust their positions. Mastering these concepts enables more accurate market predictions and improves overall trading outcomes.
#DODOEmpowersMemeIssuance #BinanceLaunchpoolHMSTR #CATIonBinance #BTCReboundsAfterFOMC #FOMC
{spot}(PENDLEUSDT)
Ethernity Chain announces the launch of a Grant Program with a $10M fund
#EthernityChain launches the Ethernity Grant Program with a $10M fund to fuel innovation in entertainment. This grant empowers developers, startups, and creators with grants focused on games and entertainment, blockchain infrastructure, DeFi tools, RWAs and more. The grants will vary from $15K to $150K, depending on the project's scope and potential impact.
Ethernity $ERN is a #Layer2 blockchain leveraging #Optimism built to bring global entertainment franchises onto the blockchain.
đ x.com/EthernityChain/status/1833544957275038149
WEEKLY MARKET OUTLOOK đ
âą Tuesday: Consumer Confidence; $META event
âą Wednesday: New Home Sales; $MU Earnings
âą Thursday: Q2 GDP, Jobless Claims, Durable Goods Orders, Pending Home Sales; Fed Chair Powell Speech; $COST Earnings
âą Friday: PCE Inflation, Consumer Sentiment â ïž
US equities climbed and Treasuries fell after data showing US business activity is robust even as growth moderates, further stoking confidence the worldâs largest economy can nail a soft landing.
The S&P 500 edged 0.4% higher, trading in a narrow range after manufacturing data and comments from Fed officials on Monday.
US business activity expanded at a slightly slower pace in early September, according to data released Monday, while expectations deteriorated and a gauge of prices received climbed to a six-month high.
Investors are looking for fresh signs on the scope for further easing after the Federal Reserveâs half a percentage point interest-rate cut last week.
Traders have been wagering on nearly three-quarters of a point more in rate cuts by year end, a slightly more aggressive path than what policymakers have indicated.
#trading #Crypto_JobsđŻ #bitcoinâïž #CryptoNewss
Solana Bears Take Charge as RSI and MACD Signal Downtrend
As the cryptocurrency world continues to evolve, Solana has been demonstrating some interesting movements over the 1-hour chart. Latest closing prices recorded for $SOL were $144.74, $143.91, $143.57, $143.14, and $142.66 respectively. This article will delve into a comprehensive Solana technical analysis, highlighting the potential movements concerning key resistance and support levels.Â
The 9-period Exponential Moving Average (EMA) has been showing a gradual decline from $145.50 to $144.14, with the 20-period EMA similarly reflecting a slight slide from $145.57 to $144.81. Such movements denote unsteady market optimism around Solana and could indicate a bearish trend if the EMAs continue in this descent.Â
Looking at the Moving Average Convergence Divergence (MACD), there is a growing divergence from the signal line as the MACD line moves deeper into the negative territory, with values from -0.11 to -0.61. Meanwhile, the histogram is illustrating an increasing negative value, indicating that bears are gaining ground.Â
The Relative Strength Index (RSI) also seems to be siding with the bears, dropping from 46.14 to 38.71. This suggests that Solana is nearing oversold conditions, which can often signal a potential price rebound â but only if thereâs market confirmation.Â
Concerning the identified resistance levels at $143.72, $145.03, and $147.73, the downward trend reflected in the RSI, MACD, and EMAs makes it apparent that breaking past these thresholds might be challenging for #Solana in its current state. #SOL The full analysis and trade strategy were posted on www.ecoinimist.com.
{spot}(SOLUSDT)
Â
Looking at $SOL on the 15-minute chart, it's currently trading at $144.11, showing a slight upward move of +0.22%. While the 24-hour high reached $149.07, the price has recently found support around the $142.59 level.
The MA(7) and MA(25) lines are converging, which could indicate a short-term bullish reversal if $SOL breaks above the MA(99) at $144.76.
The MA(7) and MA(25) lines are converging, which could indicate a short-term bullish reversal if $SOL breaks above the MA(99) at $144.76.
{spot}(SOLUSDT)
Volume is holding steady, but we need a strong push to break past resistance at $147.60. If it holds above this level, we could see a retest of the $150 range. However, failure to maintain momentum might pull it back toward the $141 support zone.
#BinanceLaunchpoolHMSTR #CATIonBinance #BTCReboundsAfterFOMC #FOMC #NeiroOnBinance