In addition to an unrealized profit of $11 million, the trader funded a short position with a liquidation price above $4,750, earning more than $680,000 in commissions.

The trader opened a short position on Dec. 24, which fell more than US$1.2 million on the first day, #chain analyst firm Lookonchian wrote in its Dec. 24 X-Report. Lookonchian wrote in its December 24 X-Report.
While leveraged trading has the potential to increase profits, it also greatly increases downside risk and can result in the loss of the initial investment.
January 2024, a pseudonymous trader lost more than $161,000 in a single trade after his leveraged position was liquidated.
December 6, the $100,000 milestone was reached for the first time in #cryptocurrency history.
memecoin.
However, pe While #Pepe hit record highs, it took this trader 600 days of patient holding to make a huge profit from memecoin.
In May, another unnamed trader took advantage of Pepe's rising price, earning 15,718 times his initial investment of $3,000 after making a profit of more than $ 46 million.
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#CryptoNews #CryptoMarketTrends

Squid Protocol, the popular cross-chain bridge connecting over 78 EVMs and Cosmos-based networks, announced the expansion of Solana via Chainflip, a cross-chain AMM

thanks to this integration, Increased liquidity flows between #Solana and the #Cosmos ecosystem Prior to the Squid protocol extension, transferring funds between these sectors without authorization was complex and relied on centralized parties and multiple platforms
Cosmos ecosystem Beyond the system, the integration also removes barriers between the PolkaDot and #Bitcoin networks, improving Solana interoperability across the industry.
December 19, Squid Protocol, Solana, Bitcoin and Ethereum, announced an integration with Chainflip, the cross-chain AMM serving the PolkaDot network.
By incorporating ChainFlip into its existing product, Squid Protocol brings an additional layer of connectivity and liquidity to Solana.
For example, funds can be transferred from Cosmos-based networks such as Celestia and Injective to Squid Protocol via Axelar and Cosmos IBCs. Transfer and redirect funds to Solana via Chainflip. Previously, this path required the use of several different applications, but Squid Protocol brings all paths together in one click.
Squid Protocol's latest integration brings Solana and the vast Cosmos ecosystem closer together. The Cosmos ecosystem, which includes popular networks such as
Cronos #chain , Thorchain and dYdX, is currently worth over $2 billion in TVL, based on data from DeFiLlama.
If Squid Protocol incorporates Solana into its growing network, Cosmos traders may be tempted to move their money to Solana, which boasts higher transaction volumes on the chain and an objectively busier DeFi LINE_ market. BREAK After bitcoin's recovery to the $100,000 mark, market participants have become more risk averse and are returning to the iconic mimcoin economy Solana.

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The partnership between Ripple and HashKey DX is a strategic move to tap into the booming Japanese supply chain finance market. According to a recent study, the role of blockchain in supply chain finance will grow from $360 million to $13.4 billion by 2030.

Ripple intends to replicate this success in Japan by introducing its HashKey DX supply #chain finance product, which has already been successful in China with over $7 billion in transactions. This initiative is in line with Ripple's broader goal of driving #XRP Ledger adoption and strengthening its position in the global financial ecosystem.
Jack Stroh argues that XRP can replace the US dollar in Japan based on several key factors. He argues that Japan has already begun to adopt XRPL-based solutions, citing that SBI Group introduced XRP-based cross-border payment services last September.
According to Straw, the move shows Japan's willingness to explore alternatives to the traditional banking system. He also suggests that XRP could provide an alternative source of liquidity to the dollar in Japanese foreign exchange transactions, potentially reducing reliance on the SWIFT network.
If XRP replaces the US dollar in the Japanese foreign exchange market, it could have a significant impact on the Japanese economy and global trade relations.
Jack Straw believes that such a move would accelerate Japan's dedollarization process and lead to the sale of dollar reserves into other assets such as gold. In addition, the introduction of a stable XRP coin could facilitate the digital movement of funds and further reduce Japan's reliance on the traditional banking system.
Although speculative, Jack Straw's predictions offer interesting possibilities for the future of the Japanese economy. If the #Ripple initiative gains traction in the Japanese market, it could lead to significant changes in the circulation of the Japanese currency.
As the Japanese yen's exchange rate against the U. S.
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Compatible Chains. The company claims to be the first multi-chain wallet capable of this.

Blinks, a relatively recent innovation introduced by the #Solana Foundation in partnership with developer Solana Dialect, creates a common URL that can be used to make transactions on a #chain . For example, users can directly interact with a smart contract on social platform X without leaving the site to 'Blinks!
' without leaving the site.
The new #OKX product has a dedicated OKX Wallet URL that can be hosted and interacted with online. The company has partnered with Dialect to incorporate Blinks into its wallet technology stack, and claims these transactions have "zero fees.
With the addition of multi-chain Blinks, users can now make even more on-chain transactions right on familiar websites and platforms, Jason Lau, OKX's chief innovation officer, said in a press release.
With the addition of multi-chain Blinks, users can now make even more on-chain transactions right on familiar websites and platforms, Jason Lau, OKX's chief innovation officer, said in a press release.
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Onyx Protocol is a decentralized platform that facilitates a peer-to-peer money market lending protocol. The Onyx Protocol supports a variety of digital assets, such as Ether (ETH), ERC-20 tokens, ERC-721 tokens, and ERC-1155 tokens, which can be supplied or borrowed through an aggregated and unified balance, supported by non-custodial custody via decentralized smart contracts. Furthermore, NFTs can be supplied as collateral to enhance the borrowing capacity of the corresponding account.Onyx Protocol’s underlying mechanism is powered by Onyxcoin (XCN), a decentralized digital asset on the Ethereum blockchain that serves as both the protocol's governance and utility token. Credit lines accessed and borrowed through the Onyx Protocol do not have monthly payments or expiration dates, and they remain perpetual as long as the collateral is deemed sufficient.#xcn #chain #eth #ERC20

A key feature of the Bitcoin blockchain is that the block time on the network (i.e. the rate at which miners resolve blocks) remains relatively constant at the standard 10 minutes per block.

This feature exists because miners are rewarded for resolving blocks, which is the only way to mine new cryptocurrency tokens. Because these blocks are issued at a constant rate, the growth of the asset remains stable and its inflation is predictable.
As a result, no matter how many hashrates miners add to the network, the block mining rate will not increase in the long run.
The extra processing power allows rewards to be earned faster initially, but only until the next bi-weekly difficulty adjustment, when the #chain makes it so difficult for miners that it negates the benefit of the extra power.
Since rewards thus remain limited, an increase in #hashrate means a smaller distribution of rewards among individual units of competence.
Therefore, for every hashrate increase in the network, individual miners must increase their competence by the same percentage to remain competitive in the chain.
In other words, the hashcoins discussed earlier grow as the hashrate increases. Since hashrate is close to ATH these days, hashcoins are also relatively high.
The chart shows that bitcoin's hashrate has increased dramatically recently and has updated ATH. However, the hashrate remains unchanged, so where did this sharp rise come from?
The answer lies in the fourth halving, which occurred on April 19. While Complexity provides a constant rate of inflation for assets, Harbing is a measure that actively reduces that rate.
Approximately every four years, the block reward is halved in this particular event.
After the block reward was halved, miners can now mine half as much as they used to, and the hashcoin rate skyrocketed. Currently, it takes 1.13 EH/s for miners to mine one token per day.
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#FinTechInnovations #CryptoMarketTrends #Crypto2024

SUI tokens are struggling to recover from the low point of the year.

SUI has fallen sharply in the overall value of the #blockchain .
The fall in #SUI value reflects the downward trend of the crypto industry.
The crypto industry has shown mixed asset performance in recent weeks, as evidenced by impressive value spikes and drops. Sui, a Tier 1 blockchain offering scaling solution #BTC , like many others, has gotten off to a strong start, recording impressive growth across its ecosystem.
Gaining momentum, Sui celebrated a historic milestone on March 28, when the total value of the blockchain surpassed $700 million. The celebrations were short-lived, however, as the DeFi protocol quickly went downhill.
According to data from analytics platform DeFiLlama, on Monday, April 8, the total amount contributed to Sui's blockchain was $654 million.
This is 12% less than the record $724 million a week earlier, indicating a downward trend after the record peak. However, despite the decline in Sui TVL's value, it still outperformed well-known chains such as PulseChain and Cardano, which set negative records of -23.58% and -15.91% over the same period.
Sui's current value has also increased by 25.5% over the past month, or about 68% compared to its value on New Year's Eve.
The impressive performance of this new retail #chain has fueled optimism that it can develop parabolic momentum, increase DEX volume, accumulate TVL value-add and become a top-10 chain.
TVL Sui's fall reflects the current underperformance of its native tokens, which have also fallen sharply from trading price highs over the past year.
Sui's native ecosystem tokens are currently trading at $1.69, about 28% below the all-time high of $2.18 reached on March 27, 2024.
Overnight, the current value rose 2.9 percent, and over the past seven days, the token has fallen in price by 12.10 percent.

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#CryptoAdoption

FET failed to break out of the descending channel and was under bearish pressure.

A decline in stock reserves amid increased whale activity suggests an imminent trend reversal.
#FET was under bearish pressure after falling 14% over the past two weeks. The bearish sentiment prevented a breakout from the descending parallel channel.
FET was trading at $1.18 at the time of publication. The altcoin continues to face resistance at USD 1.34, which is also the upper trendline of the descending channel, amid declining buying interest.
the Relative Strength Index (RSI) has reached 37, indicating strong selling pressure. In addition, the RSI is below the lows, indicating that bearish sentiment is intensifying.
the Average Directional Index is also rising. This indicates that the current downtrend is strong and may continue unless demand changes.
The daily chart is predominantly bearish, but the indicators on the #chain are showing signs of a bullish reversal.
According to CryptoQuant, the FET's currency reserves have dropped significantly over the past four days. The reserves fell from 502 million to a one-week low of 497 million.
the decline in currency reserves has a positive effect on prices, as it leads to less selling pressure. Therefore, if this decline continues over the next few days, the selling pressure on FET may diminish and the #token may be ready to rebound.
The drop in the index also suggests that the recent downtrend has weeded out the weak holdings that contributed to the high selling activity.
Whale activity around FET tokens has also increased, with IntoTheBlock data showing that the number of large FET transactions over $100,000 increased from 4.63 million to 7.56 million in 24 hours.
Such a spike suggests that whale activity around this altcoin is very high. If these whales are buying, it could have a positive impact on prices.

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#TokenEconomy #BlockchainFuture

Ndreds of trillions" - Sergey Nazarov says 2024 is the year cryptocurrencies and the global financial system merge

ndreds of trillions" - Sergey Nazarov says 2024 is the year cryptocurrencies and the global financial system merge
Sergey Nazarov, one of the co-founders of #Chainlink (link), says this year could be the year of a major merger between #blockchain and the traditional global financial system.Speaking at the Consensus 2024 conference, Nazarov said the market for blockchain assets exceeds $100 trillion.Chainlink's co-authors shared a graph showing that 2.7 trillion in debt markets and 106 trillion in equity markets could move to blockchain. The graph also shows that other assets such as global real estate and derivatives could be tokenized.Nazarov says that eventually all financial transactions will be on the blockchain, and 2024 is the year when the global financial system will start moving payment systems to the public blockchain.So the amount of value seen in the trend of tokenization of digital assets in the real world, even on a public network, already exceeds #StartInvestingInCrypto (decentralized finance). And because it doesn't account for all the value of the private #chain , the banking chain, and all these more private systems, it's no longer accounted for ".The world we are moving towards is a world where all the world's values, all the loans, all the derivatives, all the commodities, are essentially linked together, represented in a chain, and can be converted into ever more sophisticated financial instruments. In an efficient and fast way, we are talking about months, not minutes and seconds.Now what may take months can take minutes and seconds, and as more assets are connected to the chain, they become compounded and the balance sheet becomes more perfect.
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-BEVM is designed to divide its architecture into 4 main layers, each optimizing and ensuring interoperability and functionality

:
Interoperability Layer "chain by chain": This layer connects BEVM to #bitcoin via a Bitcoin light node and a bet confirmation (pos) mechanism. The nodes enable fast BEVM data transfer without compromising the integrity of the bitcoin network, while the PoS consensus ensures fast and efficient transactions.
Consensus Layer: BEVM utilizes a Byzantine fault-tolerant consensus system with a threshold signature that allows up to 1000 consensus nodes to operate without compromising security or overloading the system, even during periods of heavy traffic. It will.
Virtual Machine Tier: Using a board, this tier ensures that applications developed on the BEVM remain compatible with the EVM. #Ethereum developers can use their tools to create applications that run on this network.
Distributed Applications (DApp layer): BEVM offers a complete set of EVM development tools to facilitate the creation and management of dapps. This layer allows developers to connect projects and access integrated services such as wallets, user management and transaction capabilities.
Implementation and sustainability: By using #BTC as a gas, BEVM will create a new use case for bitcoin and incentivize the use of BTC in all transactions on the network. In addition to increasing utility costs, it also opens up opportunities for miners to make money.
Optimize cost and speed: Process data on the main #chain and write the results into bitcoins to reduce costs and increase transaction speeds.
Extended bitcoin functionality: With EVM compatibility, BEVM can extend the functionality of BTC users and create applications that go beyond just transferring funds. Developers can create DeFi applications, "NFT" and Dao markets on the BITCOIN network, use BTC as a gas, and benefit from its stability and decentralization.

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Samsung has won a $6.4 billion grant from the US government to expand its semiconductor manufacturing operations in Texas.

The funding, provided under the Chip and Science Act of 2022, is a key measure to boost domestic chip manufacturing, especially for the automotive, aerospace and defense industries.
These industries are considered vital to national security, according to Reuters on April 15.
Commerce Secretary Gina Raimondo emphasized the role of the subsidies in improving U. S. competitiveness in various semiconductor manufacturing sectors.
These subsidies will enable the U. S. to once again become a world leader in manufacturing, advanced packaging, research and development, and semiconductor development, where we now lead," Commerce Secretary Raimondo said.
In addition to the federal funding, Samsung plans to invest another $45 billion in its Texas manufacturing facility by the end of 2030.
This ambitious expansion will include two new manufacturing facilities, one for research and one for packaging, in addition to the existing semiconductor plant in Austin.
The move coincides with the announcement by OpenAI, the developer of ChatGPT, that it intends to produce its own chips for artificial intelligence, possibly with financial backing from UAE state-owned MGX Group.
The semiconductor industry is currently experiencing a significant chip shortage that could affect various industries, particularly #cryptocurrency #mining .
This shortage comes at a critical time when the #bitcoin mining industry is facing the threat of bitcoin's value halving.
In its 2023 annual report, bitcoin mining company Riot Platforms reports that limited chip supply is one of 12 major risks to its profitability.
The report notes that "the ongoing global supply #chain crisis coupled with growing demand for computer chips is resulting in a shortage of semiconductor supply.
In addition, CleanSpark, a U. S.

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#CryptoAdoption

One of the key features of zkVM 1.0 is a more efficient testing process. The platform team also cites higher performance metrics as a benefit. Notably, zkVM 1.0 is developed in the Rust language, which allows generating proofs for various programs.

This feature allows the development of complex logic and removes the constraints typically associated with gas size and cost. The goal of the new platform for RISC Zero is to offload much of the computational work in the DApps #chain . The zk-proofing allows computation to be compacted and fast verification to be achieved. At the same time, verifiers do not perform the computation on their own.
Overall, this mechanism plays an important role in improving the scalability of #blockchain applications. It allows complex operations to be performed off-chain while keeping verification in the blockchain. Therefore, it can be used in areas where efficient and verifiable computation is important, such as in layer 2 blockchains and interchain bridges.
Typically, zkEVMs are designed for #ЛюбимыйТокен Virtual Machines (EVMs), and zkVMs are virtual machines that use ZK proof-of-concept for DApps. In addition to the recently launched zkVM 1.0, existing zkVMs include Nexus zkVM, Jolt from popular #cryptocurrency Andreessen Horowitz (a16z), and SPI from Succinct Labs, which recently became part of the Polygon and AggLayer collaboration. Check.
In the near future, zkVM 1.0 will support interoperability of DApps with any blockchain with an integrated RISC ZERO verifier. Thus, applications will be able to run on various chains such as Ethereum, Base, OP, World Chain, Arbitrum and Starknet.
To celebrate the launch of zkVM 1.0, RISC ZERO organized a trusted configuration ceremony. According to the project, the code has also undergone rigorous third-party audits.
Related news: California-based cryptocurrency startup Space and Time (SXT) recently released a sub-second ZK proof-of-stack called Proof of SQL.
Access to this high-performance zero-knowledge proof tool is open to users on GitHub.
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Blockchain technology goes beyond cryptocurrencies and is now used in many applications, including decentralized databases that prevent tampering through transparency and security.

Blockchain technology protects data, increases data integrity and allows patients to have more control over their data.
It can also increase supply #chain transparency and verify the authenticity of medicines. In addition, #blockchain has the potential to improve biomedical research by helping with identification in healthcare and simplifying data storage and sharing.
Blockchain in healthcare: untapped potential in Germany?
#Blockchain technology has many benefits, but its application in the German healthcare sector is less developed.
The German Federal Ministry of Health recognized the potential of blockchain and organized a workshop on the topic in 2019.
Out of 142 projects, 20 finalists were selected and awarded for projects such as secure e-prescriptions, decentralized forms of patient consent services and blockchain-based disability leaves.
However, to date, none of these projects have been implemented.
Since then, new initiatives have emerged, but many of them remain isolated and are rarely implemented.
What is preventing Germany from implementing blockchain?
Why, despite such a promising technology, are there so few blockchain projects in the German healthcare market?
Prof. Volker Nürnberg, professor of healthcare management at the Technical University of Munich, told Cointelegraph that Germany's healthcare sector is highly regulated and not always seen as a driver of innovation, which is a particular problem for startups:
"From a global perspective, the healthcare sector is not always a driver of innovation. It is also very heavily regulated [in Germany]. Startups in particular don't want to wade through the legal jungle.
Nuremberg also mentioned the technical, ethical and privacy hurdles that make blockchain adoption difficult.

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#CompassInvestments #DigitalCurrency

According to Cointelegraph Markets Pro and TradingView, the price of BTC is about to break through the resistance that has existed since it reached an all-time high in March. Now traders expect this to change.

popular trader and analyst Rekt Capital analyzed the weekly chart, which showed repeated strikes at the upper boundary of the channel.
#Bitcoin is experiencing rejection at the upper boundary of the descending channel (red), as in the past (blue circles), he admitted.
It is important for the weekly bitcoin rate to close inside the red resistance to avoid a deep pullback from here. A weekly close above the upper boundary of the channel, which is currently at $68,000, is already inevitable as buyers continue to apply pressure and give the bears little room to maneuver, Rekt Capital concluded, Overall, we need to look at the downward channel resistance (red) to see signs of weakening after the previous rejection.
On a lower time horizon, we can be optimistic as the intraday close has already occurred outside the channel.
trader and analyst Daan Crypto Trades told X followers that BTC/USD broke through the clouds of the 200-day simple moving average (SMA) and exponential moving average (EMA).
Daan Crypto Trades added that the trend on the short- to medium-term timeframe is also rising,
Cointelegraph previously reported that the overall demand for bitcoin is still largely dependent on relatively moderate price fluctuations.
This trend has continued over the past few days, and the rise in the price of #BTC has triggered a #chain reaction of investor inflows.
Vetle Lunde, a senior analyst at crypto analytics firm K33 Research, confirmed on Oct. 18 that bitcoin investment funds around the world are seeing annual net inflows of 360,000 BTC, which would break the 2020 record of 373,000 BTC.
18
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#Crypto2024 #CryptoTrends

According to Santiment, the ratio of 1-day online trading volume to profit and loss at the time of publication was 0.827. If this ratio is greater than 1, it means that more participants are making a profit than a loss.

In this case, the #ADA trend would be bullish. However, the data above shows that compared to all transactions in the #chain that made a loss, only 0.827 transactions ended in a profit.
Historically, this ratio has correlated with prices. For example, after 2 months, the ratio reached 0.722. At that time, the ADA price was 0.57. A few weeks later, the price rose to 0.73 on the chart.
A similar scenario occurred on 4/13/04. Then, due to the decrease in the ratio, ADA recovered from 0.43 to 0.52. Considering the past performance, #Cardano could fall even further.
In this case, the cryptocurrency's value could fall to 0.42. But ADA is also likely to rise by 20%, which means it will increase to 0.50 within a few days.
In addition, price divergence and DAA are indicators that can predict ADA valuation. DAA is an acronym for daily active address, used to measure the overall level of network activity.
When combined with price, this metric can be used to identify potential exit and entry points. At the time of publication, the DAA price was -38.88%. From a trading perspective, if the indicator is less than 0.50, you will see a buy signal.
On the other hand, if the divergence is above 0.90, you will see a sell signal. The ratio was 0.388, which seems to indicate that it's time to start averaging the dollar value of the Cardano #token before the price jumps up.
However, it is important to note that this figure alone does not determine where Cardano might move.
Evaluating this metric using volume and supply chain data has shown that the metric has increased on the chart. This indicates an increase in the number of purchases and sales. But if we look at the price trend, we can assume it was more sales than savings.
As long as this continues, ADA could face another decline as mentioned above.
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#CryptoAdoption

Announced in 2024/4, Join Accumulate Machine (JAM) is Polkadot's biggest update since the blockchain first became fully operational in 2021. It will bring major changes to the relay chain that underpins the project's ecosystem that supports all independent blockchains.

The proposed technical principles and goals of the JAM update are outlined in the JAM Gray document written by Gavin Wood, the creator of #Polkadot .
Polkadot relies on decentralized governance to determine the future of the project, and the proposed update was confirmed after a nearly unanimous vote of #DOT holders in 2024-2025.
Welcome to Decrypt's Polkadot Week, a regular roundup of the latest developments in the Polkadot ecosystem. The Join-Accumulate Machine (JAM) update, the next stage of Polkadot's technological evolution, was approved by a collective vote of Polkadot community members and almost unanimously approved by network validators. JAM, announced by Gavin Wood, founder of Polkadot, in Dubai on May 4 at Token2049, will be the most important update since...
What is jam?
JAM is an update to Polkadot's multi-chain network, which aims to replace the relay #chain with a "more modular and minimalist design. ""
The relay chain is the main chain of the Polkadot network, coordinating a parallel chain that processes transactions in parallel on the network. It is used to verify transaction addresses and standardize data so that every system can understand it, and is a chain in the Polkadot network.
According to Web3Foundation, Polkadot's founding organization, Jam allows Polkadot to "run a common 'service' that represents the logic of smart contracts that can process execution results in the core. "\n Unlike the existing Polkadot relay chain, JAM is essentially a no-solution and anyone can create a service based on it.
It is a departure from the complex and investment-intensive current system, where developers have to auction leases with the support of project backers who have set up dot tokens to assist in the bidding process.
Polkadot development continues with a candidate jam project for future iterations of Polkadot Relay.

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#GlobalCrypto #DigitalCurrency