🐋 Whale of a time in the NFT seas! Despite a dip in average daily buyers, whales have been splashing cash on BNB Chain, boosting NFT volumes to a daily average of $600,400 in Q3. Meanwhile, Lamborghini revs up the NFT scene with its Revuelto mint, letting gamers drive virtual Lambos! 🚗💨
Infinex is speeding up its game too, planning to list the top 500 crypto assets by 2025, while OpenSea users have dropped their lawsuit, opting for arbitration instead. Stay tuned for more NFT adventures next week!
🐋 Whale Alert! The NFT seas are bustling again, with big fish making waves on the BNB Chain. Despite a drop in average daily buyers, NFT volumes soared to $600,400 daily in Q3, thanks to these deep-pocketed traders.
Meanwhile, Lamborghini revs up the NFT scene with its Revuelto mint, letting you drive virtual Lambos in Animoca Brands’ games. 🚗💨
Infinex is gearing up for a 2025 upgrade, promising lightning-fast integrations with OpenSea and Blur.
And in legal news, OpenSea users dropped their lawsuit after a judge favored arbitration.
Dive into the comments—what's your take on these trends?
🚀 Wall Street banks are grinning like Cheshire cats, sitting on a cool $1.4 billion post-election gain thanks to Bitcoin's recent moonshot. Big banks dove into BTC futures before the presidential election, snagging 10,564 contracts—equivalent to 52,820 BTC. While they can't hold Bitcoin directly, they sure know how to ride the crypto rollercoaster via futures and ETFs.
With Bitcoin's 22% jump since Nov. 6, banks' brokerage units at CME saw their long positions swell to $3 billion. Even Coinbase stock joined the party, soaring over 20% to hit $300. Crypto market cap? A whopping $3.17 trillion!
On November 14, Livepeer's Cofounder and CTO @ericxtang will present Livepeer’s vision for affordable intelligence on the Creative Summit stage @WebSummit!
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#WebSummit
🚀 Wall Street's crypto gamble is paying off big time! Big banks, including JPMorgan and Goldman Sachs, have been secretly stacking up Bitcoin futures like they're collecting rare Pokémon cards. With 10,564 new contracts, they now hold a whopping 52,820 BTC!
- Thanks to a 22% Bitcoin price surge post-election, banks are sitting on a cool $1.4 billion in paper gains. 💰
- Futures contracts let banks play the crypto game without actually owning Bitcoin, and boy, are they winning!
- Coinbase shares have also skyrocketed, hitting $300 for the first time since 2021.
What do you think? Are banks the new crypto whales? Dive into the comments and share your thoughts!
COMPARING STAKING AND SAVINGS YIELDS ON LEADING CEX
Graphic provides a comparative analysis of staking and flexible savings yields across top centralized exchanges (#CEX). It displays the interest rates available for various assets, such as $USDT, $USDC, $BTC, $ETH, $SOL, and $BMX, provided by platforms like @BitMartExchange, @binance, @okx, @Bybit_Official, and @bitgetglobal.
*Users who successfully subscribe to the event products will receive double APY returns, and the extra returns will be regularly distributed in the form of futures rebate cards.
Wall Street banks are riding high on a $1.4 billion gain as Bitcoin prices soar post-election, according to Forbes. Big banks dived into Bitcoin futures contracts before the presidential election, accumulating 10,564 new contracts, equivalent to 52,820 BTC. These futures allow speculation on Bitcoin's price without owning it. With Bitcoin's 22% rise since Nov. 6, banks have seen significant paper profits. The surge is linked to Donald Trump's reelection, with expectations of a crypto-friendly federal approach. Meanwhile, Coinbase's stock surged over 20%, and the crypto market cap hit $3.17 trillion.
Sit down, relax, and take 15 minutes out of your day to watch “The Path to Decentralization Keynote” presented by @steveyun_ton and @jbfxdotme at The Gateway 2024. 💎
They’ll be diving into the evolution of TON’s governance model as we enhance decentralization by democratizing access to financial, social, and human capital for our community.
By moving away from a model that is foundation-oriented we hope to ensure a vibrant, competitive environment that fosters innovation and collaboration.
Learn more by checking out the whole video here👇:
📈 Bitcoin Breaks $91,800 – Bullish Surge Seems Unstopable
Bitcoin reached yet another major milestone after it's remarkable performance since the end of the presidential elections in the US.
Bitcoin is up 5.63% in the past 24 hours and 22.05% on the weekly chary with a market cap of around $1.793 trillion. This past day BTC’s trading volume is down 35% to $102 billion.
This upswnig led to 554.7 million being liquidated from the cryptocurrency market – $350.87 million in long positions and $203.84 million in shorts.
TradingView’s 1-day technical analysis shows a very bullish santiment with the summary and moving averages pointing to “strong buy” at 16 and 13, respectively, while oscillators show “buy” at 3.
The total crypto market cat is currently $2.98 trillion after rising 3.29% today.
Today’s biggest gainer is the trending memecoin Peanut the Squirel (PNUT), which recently got a surprise listing by Binance. The altcoin has surged more than 250% in the past 24 hours, 1,300% since last week and has a market cap of around $1.7 billion.
#BTC #Bitcoin
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Can Bulls Reverse Trend After Bonk Drop To $0.00003035?
Bonk is falling toward $0.00002635 as bears take over. This might be the bulls' last chance to restore momentum and avoid a larger drop.
The market's attitude hinges on whether buyers can recover at this key support. Bonk's price might reverse if the defense succeeds, giving investors hope. However, if the bears persist, the journey may get harder.
This study examines the meme coin's recent price movement at the $0.00002635 support level to determine if it might start a trend comeback. This article analyses technical indicators, market mood, and historical price patterns to determine if optimistic pressure may resuscitate this level or if bearish pressure will send the price down.
Bonk Price Trends and Recent Downshift
Bonk has entered a bearish 4-hour chart phase while maintaining above the 100-day SMA. Price fell toward $0.00002962 after resistance at $0.00004002. As sellers gain control, this retreat implies negative pressure. If the price breaks $0.00002962, additional falls may test lower support levels.
The 4-hour Relative Strength Index (RSI) has dropped from 80% to 63%, indicating a dip in bullish momentum. While the RSI approaches neutral, buying pressure has decreased and market confidence in the upswing has declined. This shift shows that BONK may be entering a correction period, with additional decline possible if the trend continues.
After resistance at $0.00004002, BONK is becoming bearish on the daily chart. As the meme currency fails to hold higher levels, a bearish candlestick pattern and a drop to $0.00002962 indicate selling pressure. This suggests market momentum is shifting, and BONK may fall more if it fails to stabilize.
Finally, on the 1-day chart, the RSI has declined from 82% to 67%, showing waning buying pressure and a change from overbought to neutral or bearish. As the RSI falls from overbought levels, sellers may take control, causing a price correction or consolidation.
#BONK #TrumpNominatesMuskDOGE #SOLFutureRise $BONK
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💰 Stablecoins in Focus: USDC’s Dominance in DeFi
Stablecoins have become essential in DeFi, and USDC is leading the charge! 💪 But why is it so dominant?
🔹 Stability: Pegged 1:1 to the US Dollar, USDC offers a reliable store of value.
🔹 Transparency: Backed by reserves and audited, USDC gives users peace of mind.
🔹 DeFi Integration: Used across major DeFi platforms, USDC enables seamless lending, borrowing, and trading.
As more users flock to decentralized finance, USDC's role in this space only gets stronger! 💼🌐
Do you think USDC will stay on top? Share your thoughts! 👇"
#USDC #Stablecoins #DefiPoolz #CryptoNewss
Bitcoin's Bull Run: Analyzing the Overlooked Cycle Pattern 👇👇
1. Historical Pattern Observed: Bitcoin has shown a consistent pattern in its market cycles. Each cycle begins with a market peak, followed by a steep bear market, then a bullish engulfing candle signals the start of a new bull run.
2. Cycle Breakdown:
First Cycle: Approximately eleven years ago, Bitcoin experienced its first significant peak. A bearish phase ensued, but a bullish engulfing candle marked the end of the downturn. Four candles later, Bitcoin hit an all-time high.
Second Cycle: This pattern reappeared, with another bear market concluding in a bullish engulfing candle, followed by a new peak four candles later.
Third Cycle: The 2021 bull run mirrored these events, followed by a bearish phase and the appearance of the familiar bullish signal, suggesting a potential all-time high in the upcoming cycles.
3. Current Position: We are currently in the third candle following the most recent bullish engulfing pattern. If the historical cycle holds, the fourth candle may indicate a new high.
4. Outlook for Bitcoin Holders: The alignment of these signals suggests that Bitcoin could be on the cusp of another major rally, potentially achieving record levels within the next few months.
For those invested, monitoring this cycle could be crucial, as the coming months may present significant developments aligned with Bitcoin’s recurring market pattern.
#BBCeDeFi #BTCBreaks89k
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🔥 ETH $4,000?
I continue to gain positions with high potential, this time I will consider Ether.
BTC continues to show steady growth, and altcoins will follow its leader. But I want you to note that liquidity is still in bitcoin. There is a very good chance of liquidity flowing from bitcoin to altcoins over the weekend, and Ether should catch up nicely with bitcoin.
The $4,000 target looks quite realistic against the backdrop of such a market.
💭 I will wait for a pullback and buy Ether in the range of $3,100. If Ether goes higher, consolidates, and looks confident, I will pick up on the go, within the limits of my risk management!
$ETH
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$PNUT
PNUT, currently trading at 1.78, offers an attractive shorting opportunity. The one-hour time frame reveals long wicks, signaling a potential pullback, while the 15-minute time frame shows a bearish MACD crossover, confirming the downtrend. With these indicators aligned, shorting Pnut immediately could yield significant gains.
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Bitcoin's on a roll, folks! 🚀 It just smashed through the $93,000 ceiling, leaving traders in a tizzy. While some miners are cashing in, the rally's got legs, thanks to strong derivatives data and a wobbly US dollar. The new $54 billion Bitcoin ETF is adding fuel to the fire, cementing BTC as a go-to store of value.
Despite a stronger dollar, Bitcoin's still strutting its stuff, with futures premiums showing traders are buzzing with excitement. With a crypto-friendly US administration and potential Treasury Bitcoin reserves, BTC might just moon past $100,000. Buckle up!