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šŸ”„šŸ”„šŸ”„ #BNBšŸ”„ Chain: opBNB Sets New Record for Daily Transactions with 3.37 Million Txs at 40 TPS šŸ”„šŸ”„šŸ”„ BNB Chain's opBNB platform has set a new all-time high for daily transactions, processing 3.37 million transactions in a single day at an impressive 40 transactions per second (TPS). This achievement highlights the growing popularity and scalability of BNB Chain, which is now one of the busiest blockchains in the world. BNB Chain is a high-performance blockchain ecosystem that supports a wide range of decentralized applications (DApps) and use cases. opBNB is a key part of this ecosystem, providing a fast, secure, and low-cost solution for DApp developers. The growth of #opbnb is being fueled by a number of factors, including: - The increasing popularity of BNB Chain's BEP-16 standard, which is a more efficient and scalable alternative to the Ethereum Virtual Machine (EVM). - The growth of the GameFi sector, which is generating a significant amount of traffic on BNB Chain.The launch of new #dApps on BNB Chain, such as PancakeSwap and ApeSwap. - As opBNB continues to grow, it is expected to play an increasingly important role in the BNB Chain ecosystem. The platform is well-positioned to support the growth of DApps and the wider adoption of BNB Chain. Here are some of the key takeaways from this news: - opBNB is a fast, secure, and low-cost solution for DApp developers. - opBNB is playing an increasingly important role in the BNB Chain ecosystem. - The growth of opBNB is being fueled by a number of factors, including the increasing popularity of BEP-16, the growth of GameFi, and the launch of new DApps. Overall, this is a positive development for BNB Chain and the wider cryptocurrency industry. It shows that BNB Chain is a scalable and popular blockchain with a bright future. #CryptoNewsšŸ”’šŸ“°šŸš« #BinanceSquare $BNB

šŸ”„šŸ”„šŸ”„ #BNBšŸ”„ Chain: opBNB Sets New Record for Daily Transactions with 3.37 Million Txs at 40 TPS šŸ”„šŸ”„šŸ”„

BNB Chain's opBNB platform has set a new all-time high for daily transactions, processing 3.37 million transactions in a single day at an impressive 40 transactions per second (TPS).

This achievement highlights the growing popularity and scalability of BNB Chain, which is now one of the busiest blockchains in the world. BNB Chain is a high-performance blockchain ecosystem that supports a wide range of decentralized applications (DApps) and use cases. opBNB is a key part of this ecosystem, providing a fast, secure, and low-cost solution for DApp developers.

The growth of #opbnb is being fueled by a number of factors, including:

- The increasing popularity of BNB Chain's BEP-16 standard, which is a more efficient and scalable alternative to the Ethereum Virtual Machine (EVM).

- The growth of the GameFi sector, which is generating a significant amount of traffic on BNB Chain.The launch of new #dApps on BNB Chain, such as PancakeSwap and ApeSwap.

- As opBNB continues to grow, it is expected to play an increasingly important role in the BNB Chain ecosystem. The platform is well-positioned to support the growth of DApps and the wider adoption of BNB Chain.

Here are some of the key takeaways from this news:

- opBNB is a fast, secure, and low-cost solution for DApp developers.

- opBNB is playing an increasingly important role in the BNB Chain ecosystem.

- The growth of opBNB is being fueled by a number of factors, including the increasing popularity of BEP-16, the growth of GameFi, and the launch of new DApps.

Overall, this is a positive development for BNB Chain and the wider cryptocurrency industry. It shows that BNB Chain is a scalable and popular blockchain with a bright future.

#CryptoNewsšŸ”’šŸ“°šŸš« #BinanceSquare $BNB

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šŸ‘‰šŸ‘‰šŸ‘‰ #CryptoMarket Selloff: $330M Liquidated As Bitcoin Price Fell Under $62K, Here's Why The #cryptocurrency market experienced a sudden and widespread sell-off during the early hours of the US trading session, resulting in over $30 million liquidated within just one hour. Bitcoin's price took a hit, dropping from $63,340 to a low of $61,600, marking a 6% intraday decline. Ethereum also faced downward pressure, briefly dipping below the $3,000 mark due to a flurry of liquidation orders triggered by negative sentiment ahead of the Bitcoin halving. Several other top altcoins, including BNB, SOL, XRP, DOGE, TON, ADA, and SHIB, witnessed price falls of 2-3% within the same hour. Notably, #Solanaā© and #Toncoin prices experienced more significant declines, plummeting by 14% and 15%, respectively, over the past 24 hours. Factors Behind Bitcoin's Sudden Decline - The correction in Bitcoin's price ahead of the halving, combined with broader macroeconomic and geopolitical concerns, contributed to the downward pressure on BTC. Additionally, the absence of significant buying activity from institutional investors and large-scale traders exacerbated the sell-off. Data from Coinglass indicates that over $330 million worth of liquidations occurred across the crypto market during this sharp correction. Long positions accounted for $260 million of these liquidations, while short positions saw nearly $70 million being liquidated on Tuesday alone. More than 109,000 traders were affected by liquidations, with the largest single liquidation order occurring on the OKX crypto exchange, where someone swapped ETH to USD valued at $5.97 million. Technical indicators, such as the Bollinger Bands and Ichimoku Cloud, suggest a bearish outlook for BTC. The Bollinger Bands indicate a downward trend, with the price failing to break above the 20-simple moving average, while the Ichimoku Cloud shows the price continuing to move below support levels, accompanied by increasing selling pressure as the trend reverses and the cloud widens. Source - coingape.com #BinanceSquareBTC $BTC
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šŸ”„šŸ”„šŸ”„ #Bitcoinprice Restarts Decline, Can BTC Bulls Protect $60K? Bitcoin's price has resumed its decline from the $67,000 zone, indicating #BEARISHšŸ“‰ momentum and a potential revisit to the $61,000 support level. Key Points: - Bitcoin failed to surpass the $67,000 resistance. - Currently trading below $65,000 and the 100-hourly Simple Moving Average. - A rising channel support at $64,900 was broken on the BTC/USD hourly chart. - Further decline is possible unless the $65,000 resistance is cleared. Bitcoin Price Recovery Stalls: - Bitcoin attempted a recovery above $65,000 and briefly exceeded $66,200 before facing resistance near $67,000. - Subsequently, it declined again amid escalating tensions between Israel and Iran. - The price dropped below $65,000 and $64,000 levels, breaching the 50% Fib retracement level from the recent swing low to high. - Additionally, a break below the rising channel support at $64,900 was observed. Technical Indicators and Potential Outcomes: - Immediate resistance lies near $63,750, followed by $64,700 and $65,000. - A clear move above $65,000 could signal further upward movement towards $66,800 and the 100-hourly Simple Moving Average. - Major resistance is expected near the $67,200 zone, potentially pushing Bitcoin towards the $70,000 resistance level. Possible Further Losses in BTC: - If Bitcoin fails to surpass the $65,000 resistance, it may continue its decline. - Immediate support is around $63,000, followed by $62,000. - A close below $62,000 could trigger a drop towards the $61,000 support level, with further losses potentially reaching the $60,500 zone. Technical Indicators: - Hourly MACD shows a decline in bearish momentum. - Hourly RSI for BTC/USD is below the 50 level, indicating bearish sentiment. - Support Levels: $63,000, $62,000 - Resistance Levels: $64,700, $65,000, $67,000 Source - newsbtc.com #cryptocurrency #BinanceSquareBTC #BTCšŸ”„šŸ”„šŸ”„šŸ”„šŸ”„šŸ”„
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#Avalanche ($AVAX ) Analysis: This Death Cross Could Extend the Correction Avalanche (AVAX) is one of the few altcoins currently signaling a potential further decline rather than a recovery. Compounding the challenge for the altcoin is the lack of optimism among AVAX investors regarding a price rally. Is Avalanche Destined for Correction? - As of the latest update, Avalanche's price hovers below $40, following recent corrections and a minor uptick over the past few days. While there are hopes for a resurgence in the market, such sentiments are not mirrored in AVAX. Investors' skepticism arises from Avalanche's first Death Cross in nearly a year. This bearish signal occurs when the short-term 50-day EMA crosses below the long-term 200-day EMA, indicating a potential downtrend. This lack of optimism among investors compounds the bearish sentiment. The weighted sentiment, which has been on a downward trajectory for the past month, hit a two-month low due to the sudden price decline. The absence of bullishness among AVAX holders has added pressure on the price, potentially leading Avalanche to target $27. AVAX Price Outlook: Anticipating Further Downturn - With Avalanche's price currently at $37, it is poised to retest the support level at $33, which held firm during the recent correction. However, if this support level is breached, coupled with prevailing bearish market signals, AVAX could experience a drop to $29. The Average Directional Index (#ADX ) also suggests a bearish outlook for the altcoin. An ADX reading above the 25.0 threshold typically indicates that the prevailing trend, in this case, a downtrend for AVAX, is gaining strength. Consequently, further decline could see Avalanche's price reaching as low as $27. The ADX signals a bearish trend for AVAX, possibly dropping to $27. However, a bullish market could reverse this, pushing AVAX higher if it breaks $44 resistance. Source - beincrypto.com #CryptoNewsšŸ”’šŸ“°šŸš« #cryptocurrency #BinanceSquareTalks
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šŸ‘‰šŸ‘‰šŸ‘‰ #sushi deletes discussion of law firm amid long restructuring The SushiSwap community recently voted on a proposal to transfer the majority of the treasury from the DAO to a 'Labs' entity. Sushigov.eth, representing the largest individual voter with 5.5 million SUSHIPOWER, supported the proposal, which passed by a margin of approximately 8 million votes. Sushigov.eth received significant amounts of Sushi tokens from an address linked to *šŸ£šŸ‘Øā€šŸ³.eth, including approximately 1.9 million on April 4 and 1.78 million on April 3. These transfers are part of a broader effort by Sushi to restructure itself, a process initiated in 2022 with guidance from Fenwick & West law firm. In 2023, Sushi announced a switch in legal advice from Fenwick & West to Gresham International. While some community members questioned the decision due to Gresham's lack of recognition, Jared Grey, Sushi's 'head chef,' defended the move, citing Gresham's experience with other projects in the space. Gresham International's website lists accolades such as 'Top Speaker,' 'Crypto Lawyer of the Year,' and '#Blockchain Lawyer of the Year.' However, these awards are not widely covered outside the firm's website. Cal Evans, a managing associate at Gresham, stated that these awards were obtained through various industry events. Protos asked Evans about Gresham's involvement in the movement of assets from the DAO to the Labs entity, but he declined to comment, citing client privacy. Gresham's Gitbook mentions previous collaborations with projects like Aubit, which encountered issues including criminal activities. However, Gresham distances itself from any legal disputes involving its clients. Currently, the implementation vote to transfer assets to the Labs entity has overwhelmingly positive support, with approximately 99% 'Yay' votes, including from sushigov.eth. Source - protos.com #CryptoNewsšŸ”’šŸ“°šŸš« #cryptocurrency #BinanceSquareTalks
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