BNB/USDT Technical Analysis: Short-term Bearish, Long-term Bullish

In this technical analysis of BNB/USDT, we will explore the current market conditions and provide insights into the potential price movements of #Binance Coin (BNB) in the short and long term.

Current Situation: At the time of writing, $BNB is trading at $244, having experienced a 5% pump due to a recent Launchpad Sale. However, based on the chart analysis, the short-term outlook for BNB/USDT appears bearish.

Distribution Zone and Downside Potential: The chart analysis indicates the presence of a green box, which represents a distribution zone. Typically, after such a distribution, a downward move can be expected, potentially leading to Wave 5. Considering this, there is a possibility of #BNB experiencing a downward movement of 40-50% from the distribution zone.

Anticipated Buy Opportunity: Based on this analysis, the author CryptoPatel is waiting for a buying opportunity at the $100 level. It is believed that BNB/USDT may hit bottom around $100 and potentially bounce back strongly from this level. The author CryptoPatel has identified three entry levels: $120, $101, and $80 (with below $100 being considered a bonus).

Long-term Bull Run Potential: Looking ahead, the historical chart patterns suggest that BNB may experience a significant bull run in the future. The author CryptoPatel believes that during the next bull market, BNB has the potential to reach a price range of $2000-$3000.

Target Areas: To provide potential profit-taking levels, the author has identified several target areas:

TP1: $1000

TP2: $1500

TP3: $2000 (with 80% of positions to be closed at this level)

TP4: $3000 (with prices above $2000 considered as a bonus)

CryptoPatel Levels: Lastly, the analysis includes key support and resistance levels:

Support: $220, $180, $100

Resistance: $333

Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Trading cryptocurrencies carries risks, and past performance is not indicative of future results.

#ARKM #ArkhamIntelligence #Launchpad

$BTC $PEPE

ryptosHeadlines.com - The Leading Crypto Research Network:

Binance Launchpad is set to hold a token sale, offering 5% of the total ARKM token supply. This means that a portion of #ARKM tokens will be available for purchase through the Binance Launchpad platform.

Arkham Intelligence, an on-chain data provider, has recently launched a marketplace where individuals can engage in buying and selling on-chain cryptocurrency data. This platform provides a convenient way for users to access and trade valuable information related to cryptocurrencies stored on the blockchain.

The Arkham Intel Exchange, a newly introduced marketplace, will include its own native token called ARKM. This token has been specifically designed to enhance transparency on the blockchain by aiding in the identification of users and transactions. Its purpose is to provide a mechanism for reducing anonymity and increasing accountability within the cryptocurrency ecosystem.

The ARKM token will be made available for purchase through the Binance Launchpad. A total of 50 million tokens, equivalent to 5% of the overall supply, will be offered for sale. During the sale period, which spans from July 11 to July 17, each user will have the opportunity to buy up to $15,000 worth of ARKM tokens. This allows individuals to participate in the token sale and become part of the Arkham Intel Exchange ecosystem.

Arkham Intel Exchange Introduces Bounty Mechanism for Data Sourcing:

The newly launched #Arkham Intel Exchange platform incorporates a unique bounty mechanism, enabling users to create and offer “bounties” for specific data they seek. In this system, blockchain researchers and investigators can actively search for and supply the desired information in exchange for the pledged bounty. This innovative approach encourages collaboration and incentivizes the sourcing of valuable data within the Arkham Intel Exchange community.

In the past year, cryptocurrency hacks and exploits reached unprecedented levels, resulting in the theft of billions of dollars’ worth of digital assets from various sources such as cross-chain bridges, decentralized finance (DeFi) protocols, and exchanges.

To combat this growing issue, Arkham has set out to incentivize on-chain research. By encouraging experts to conduct thorough investigations directly on the blockchain, Arkham aims to enhance security measures and mitigate the occurrence of crypto hacks.

However, some privacy advocates on Twitter have expressed concerns regarding this approach, raising important points for consideration.

Arkham Secures Significant Funding and Token Allocation:

Arkham has successfully raised more than $10 million through two rounds of equity financing, with its most recent equity round reaching an impressive $150 million, as reported on Binance’s research page. As for the token allocation, 5% of the total token supply will be available for purchase during the token sale.

Additionally, 20% will be allocated to core contributors, 17.5% will be distributed to investors, and 17.2% will be designated for the foundation treasury. These strategic allocations ensure the sustainable growth and development of the #Arkham project.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#arkham #ArkhamIntelligence

We almost returned from yesterday's #BTC sharp decline of nearly 9% right before the incorrect #ArkhamIntelligence alert that Mt Gox and US Govt Wallets are Making Transactions

This is again a reminder that you should double-check any information you see, especially when it's not hard to verify any transaction on-chain.

Such movements of almost 9% in less than one hour testify that there is very little liquidity in the market right now, so we should be very careful with any positions.

Such companies as Google and Meta showed good results.

We are interested in them because companies that are making money from ads show the current status of the economy, i.e. how much money other companies are ready to spend on ads.

Only around 30% of stocks are outperforming the S&P 500 in the past 20 days. The last time it happened was in 2000.

This shows us that the current rally is not stable, S&P 500 is growing only because of the few technological giants.

The put/Call Ratio is on Aug 2022 levels (before the big drop).

Smart money is betting on the decline.

Globally everything hints at a downtrend, but we have a few bullish sentiments, for example, the FOMC meeting and any positive news/updates.

As for probabilities of FOMC rate moves, on May 3 most probably (80.5%) there will be a 25bp raise and more than 60% probability that it will be the last raise.

Arkham Introduces On-Chain Marketplace for Intel-to-Earn: A New Era of Monetization and Incentives

Arkham, a pioneering platform, has recently announced the launch of the world's first "intel-to-earn" on-chain marketplace. This revolutionary development aims to address the growing demand for on-chain analysis while providing a platform for talented researchers to monetize their skills. With the introduction of the #ARKM token sale and the possibility of an airdrop for #Arkham users, the platform has garnered significant attention within the crypto community.

Arkham's Bounty Mechanism

The core of Arkham's platform revolves around a bounty mechanism, allowing users to post bounties and lock funds as incentives for the provision of valuable intelligence. Bounty hunters then contribute by offering their expertise in tasks such as locating specific wallets or identifying impersonators, among other analytical tasks. #ArkhamIntelligence

Exclusive Access and Collaborative Contributions

Once purchased, the obtained intel remains exclusive to the buyer for a period of 90 days. After this initial period, the information is shared with the broader Arkham community. Additionally, multiple users have the opportunity to contribute to public bounties, granting them access to the data during the exclusive period.

The ARKM Token

To incentivize and reward on-chain analysis, Arkham has introduced the ARKM token. The token serves several purposes within the platform:

Bounties: ARKM tokens are staked as rewards for valuable intelligence. The first participant to submit verified intel receives the staked tokens.

Auctions: Sellers can auction off verified intel, with participants bidding using ARKM tokens.

Staking: Bounty hunters are required to stake 10 ARKM tokens to deter spam. Upon verification of their intel, they can withdraw the bounty after 15 days or earlier with a 10% fee.

Fees and Incentives

Arkham applies a 2.5% maker fee and a 5% taker fee on transactions within the platform. Furthermore, the ecosystem is incentivized through the following mechanisms:

ARKM Rewards: Users receive ARKM tokens for performing beneficial actions such as referrals or creating research.

ARKM Discounts: Users can earn discounts through two methods: a 20% discount for payments made in ARKM and a holding discount of up to 50% based on the size and duration of their ARKM holdings.

Airdrop and Referral Program

Arkham has hinted at the possibility of an airdrop for users of their analytics tool. By using a referral link, users can potentially skip the waiting list for the airdrop, which can be accessed once the website traffic subsides.

Conclusion: Arkham's introduction of the "intel-to-earn" on-chain marketplace and the ARKM token sale marks a significant step forward in the monetization and incentivization of on-chain analysis. While professional on-chain analytics have traditionally been the domain of companies like Chainalysis and Elliptic, Arkham offers the opportunity for the community to actively participate by aligning incentives correctly. With the platform's emphasis on collaboration, exclusivity, and rewards, it is poised to revolutionize the field of on-chain analysis and empower talented researchers to capitalize on their skills.

#GOATMoments #Binance

$BTC $BNB $ETH

News source DB claimed that a U.S. government address was active based on that alert.

Amidst recent allegations, Arkham Intelligence, a market intelligence platform, has publicly denied sending inaccurate messages to a specific group of users on April 26th.

Arkham denies any error

Arkham denied that it made any such error, writing:

“We have conducted an investigation of the DB Alert situation, and determined that the Arkham alerts were sent accurately in this case.”

twitter Arkham@ArkhamIntel

According to Arkham Intelligence, a market intelligence platform, it suggested that DB, also known as tier10k, set up two alerts on Bitcoin transactions worth more than $10,000, and named them "Mt Gox" and "US Gov." However, DB inferred that certain Bitcoin addresses were transacting based on labels he had set himself. He then publicly tweeted that addresses related to the U.S. government and Mt. Gox were transacting crypto.

After it became clear that no such transactions had taken place, DB claimed that Arkham had made an error. He stated that the platform had confirmed that a "bug fix deployed today caused alerts to be sent erroneously to [a] small subset of users."

DB seemingly confirmed this with Arkham, and Arkham appeared to admit partial error in an earlier tweet. However, in its latest message, Arkham denied all wrongdoing and said that the alerts were correctly sent to DB, and that "no one received inaccurate alerts."

The triggering event for the alert may have been non-standard on-chain activity. Some commentators have speculated that Ordinals inscriptions on the relevant addresses made those addresses appear to be engaged in a transaction without actually moving funds, thus causing the alert in question.

Alert was sent later than 6% market crash

The incident occurred at around the same time as a significant drop in the value of Bitcoin, which fell 6% from $29,472 to $27,696 in just one hour.

The exact timing of the alert was initially uncertain because it was private. However, Arkham Intelligence has since revealed that the alert was sent a few minutes after the market crash had ended and could not have impacted the price of Bitcoin.

The cause of the price drop is still unknown. Moreover, BTC gained value immediately before and after the crash, and as of 12:30 a.m UTC, the asset's price has increased by 3.5% over a 24-hour period.

#BTC #bitcoin #ArkhamIntelligence #alert #cryptonews

Source: cryptoslate

image Source: pixabay

If you enjoy our content and want to show your support, please like, share, and follow us for more high-quality updates.

Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.