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2024-05-05

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The distressed pool made a four-year loan of $20 million worth of (USDC) stablecoins with an 11% annual interest rate to fintech credit fund Stratos in February 2022. Warbler Labs was the underwriter. “Progress toward completing our transaction with USBTC continues, and we're grateful to our shareholders who demonstrated their overwhelming support by voting in favor of the merger," Hut 8 CEO Jaime Leverton said. He added that the recent approval from the Canadian court allows the firm to “continue to advance us toward a new Hut 8,” which will have “highly diversified fiat revenue streams.” PayPal partners with ConsenSys MetaMask to allow US users ...Low transaction speed: The network can process only about 20 transactions per second, while other platforms can process over 3,000 TPS.Scaling: This is a concern for almost every blockchain, including Ethereum. “By strategically curtailing mining operations, we also received $11.0 million in Power Credits pursuant to our long-term power contracts with our utility provider, and $2.5 million in Demand Response Credits from participating in ERCOT’s ancillary services program.”

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According to Hammond, the uncertainty surrounding the House Speaker along with the criminal trial of Sam Bankman-Fried and the war between Israel and Hamas “could push bills like stablecoins” to November or December: “VanEck’s decision to launch a futures ETF while promising to donate 10% of the ETF’s profits to Ethereum developers embodies the firm’s trust in the asset’s rise into mainstream consciousness,” Jesper Johansen, CEO at Northstake said. How to Buy Ethereum: Buy ETH with Credit Card & MoreWeb3 startup IYK, which stands for “If You Know,” emerged with the concept of ensuring the legitimacy of fashion items and other merchandise, while offering fans unique consumer interactions. As selling pressure mounts on ApeCoin, Launchpad XYZ offers a contrasting narrative / Image by akif on Adobe StockApeCoin (APE) suffered a punishing reversal this past week, with the cryptocurrency plummeting nearly 20% to hover precariously below its immediate support zone. This sharp selloff comes amidst a spike in trading volumes, leaving APE vulnerable to further declines as traders weigh whether bears or bulls will prevail next.ApeCoin Price Prediction as APE Price Struggles to Hold Support After RejectionSource: TradingView / APEUSDTAfter rallying to a local high of $1.288 on October 2, APE faced firm rejection at the key reverse Fib retracement level of 0.786 at $1.288. This rejection catalyzed the start of the ongoing selloff, with APE now trading down near the swing low support zone of $1.033 to $1.107.With the APE price down 4.96% so far today to $1.034, bulls are battling to defend support. However, the robust 54.14% surge in 24-hour trading volumes to $33.2 million suggests sellers remain in control.APE Indicators Flashing Oversold - But For How Long?The daily Relative Strength Index (RSI) on APE now stands at 32.06, sharply down from yesterday's 36.97 reading. This shows rapidly deteriorating momentum and nears oversold territory below 30.Additionally, the MACD histogram produced a bearish crossover today at -0.001. This highlights building downside momentum that could place further pressure on the APE price.Upside Targets and Downside RisksTo the upside, the first target for APE bulls is the 20-EMA currently near $1.143. Beyond this, the 50-EMA at $1.294 and the Fib level of 0.786 at $1.288 represent the next layer of significant resistance.To the downside, losing the swing low support at $1.033 exposes APE to further declines. The next notable support zones come into play around the psychological $1.00 level and the extended reverse Fib 1.236 level at $0.807.After facing rejection at a key Fib level, the ApeCoin price continues bleeding lower while defending crucial support. With oversold technical readings hinting at bounce potential, bulls need to overcome initial resistance to invalidate the downtrend.As selling pressure mounts on ApeCoin, Launchpad XYZ offers a contrasting narrative. The upcoming AI crypto signals platform focused on education, trading tools, and more has attracted huge presale interest for its vision of a user-friendly Web3 portal.Launchpad XYZ Raises Over $1.86 Million in Ongoing Cryptocurrency PresaleLaunchpad XYZ has raised over $1.86 million through its ongoing cryptocurrency presale, putting it one step closer to becoming a comprehensive portal for all things blockchain.The platform, slated to launch before the end of 2023, will be a user-friendly entry point for both crypto newcomers and seasoned traders.“Easy access to the best projects in the blockchain space,” is how Launchpad XYZ CEO Terence Ribaudo describes the platform's core offerings.Visit Launchpad XYZ NowLearn, Trade, and Explore Web3 with Launchpad XYZThrough its LearnWithLaunchpad program, the platform plans to provide educational courses and training materials for individuals just getting started in crypto.More experienced users will have access to robust analytics, trading signals, and a daily newsletter called Trading Edge promising “market-leading alpha.”Beyond trading tools and educational resources, Launchpad XYZ aspires to be a centralized hub for all Web3 needs.The platform is developing a peer-to-peer NFT marketplace, a decentralized exchange, and will host new NFT mints and play-to-earn games among other web3 projects.An integrated wallet is also in the works to keep user digital assets secure yet easily accessible.Launchpad XYZ's LPX Utility Token Offers More Than Just AccessThe $LPX token will play an important role in the Launchpad XYZ ecosystem. Holding $LPX will grant platform access and unlock premium features like staking yields, whitelist access, and partner discounts.These incentives could lessen selling pressure on $LPX when it eventually gets listed on major crypto exchanges, as users are encouraged to hold the token to access the platform’s offerings.The token aligns with Launchpad XYZ’s goal of appealing to a broad crypto audience. Through its LPQ ranking system and Apollo features, the platform is developing an AI-powered trading tool to provide robust analytics and trading signals even for novice traders.With plans to be a comprehensive, user-friendly crypto platform, Launchpad XYZ is ambitious. But its utility token $LPX will be more than just a ticket to the platform.As Launchpad XYZ gears up for one of 2023's most anticipated crypto launches, the platform is laser-focused on delivering on its ambitious vision to be a one-stop hub for all things blockchain.With presale momentum building, the countdown is on for token holders eagerly awaiting access to this potentially game-changing portal.Visit Launchpad XYZ NowDisclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.As Viral DRS Token Rockets Up 25,000%, This Lesser Known Meme Coin Just Secured $400,000 in Funding – 100x Potential?

NEAR Protocol (NEAR) has a maximum market cap of $1,049,437,299, which is the fully diluted valuation (FDV) of the cryptocurrency. This is based on the assumption that all 1 Billion NEAR tokens are circulating in the market today. Since its mainnet introduction in April 2023, the Lace light wallet platform has gone through multiple upgrades, adding new features and improving usability regularly. FTX gets registered in Europe with new Cyprus licensePopular trader Daan Crypto Trades eyed an ongoing tussle between two key moving averages (MAs) on one-day timeframes.“Whether the Daily 200MA (Purple) or the Daily 200EMA (Blue) gives in first, will likely determine the trend for the rest of October if I had to guess,” he wrote alongside a chart in an X post on Oct. 4.“$27K & $28K. The battle continues.”BTC/USD annotated chart. Source: Daan Crypto Trades/XDaan Crypto Trades subsequently flagged increasing open interest (OI) across exchanges, this apt to cause a squeeze of shorts followed by longs, respectively. “This has usually been a short squeeze (up) into long squeeze (back down). We saw this yesterday again. Good to keep an eye on this region,” he suggested.#Bitcoin Open Interest hit the 8.7-9.1B region again where we've recently seen a lot of squeezes occur. This has usually been a short squeeze (up) into long squeeze (back down).We saw this yesterday again.Good to keep an eye on this region. pic.twitter.com/yojcBHSGzk— Daan Crypto Trades (@DaanCrypto) October 6, 2023 Yet even the most red-fevered crypto-anarchist must admit by now that the direction of travel is set. Whatever primitive emancipation certain users experienced from the traditional financial system through crypto is fading.

HKMA is also working on another CBDC-related project known as e-HKD. Digital currency has shown different use cases, such as payment, deposits, and investment scenarios. The $0.24 support could bolster a 15% rally in the near future different types of cryptocurrencyFor instance, if your trading position is closed, unrealized PnL switches to realized PnL, and vice versa. The latter is so because of an open trading position’s ongoing market changes. Source: TradingViewThe price of Solana (SOL) has surged by 25% in the last seven days now, with the coin's rise to $24.21 also representing a 6% gain in 24 hours.This makes SOL one of the best-performing coins in the market right now, with the token also having appreciated by 23% in a month and by just over 140% since the beginning of the year.And with SOL's jump today coming when the market as a whole appears to be beginning a recovery, it's very likely that the altcoin could record further gains in the next few days and weeks.Solana Price Prediction as $1 Billion Trading Volume Sends SOL Flying Up 25% – Are Whales Buying?It will be particularly interesting to see whether SOL can break through its current resistance level (red) of about $25, with a sustained breakout being likely if it does manage to do this in the next couple of days.Source: TradingViewIt certainly has the momentum to reach some new levels at the moment, with its relative strength index (purple) breaking through the 70 level earlier today and still inching up towards 80.This would suggest that it's not about to lose momentum anytime soon, with its 30-day moving average (yellow) now on course to overtake its 200-day average (blue), something which could provide another source of a breakout.There's no question that SOL is very strong right now, with its 24-hour trading volume close to hitting $1 billion, which would be its highest since July.Such a spike in volume could indicate that whales and large investors are now accumulating the token once again, although there have been no especially large SOL transfers in the past couple of days, meaning that retail could be driving today's spike.Either way, some analysts are predicting big things for SOL, which had been oversold over the past couple of months but which had remained fundamentally strong despite this.Indeed, Solana's total value locked in has risen by 61% since the beginning of the year, suggesting that usage of its dapps and ecosystem is beginning to recover.As such, SOL could be on course for further gains in the next few weeks, especially after Visa announced last month the inclusion of Solana in its stablecoin trials, something which could be massive for the network going forward.For this reason, SOL can be expected to hit $30 in the next couple of weeks and to reach $35 or $40 by the end of the year.New Altcoins Bring New RalliesWhile SOL remains one of the most promising major tokens in the market, there are a number of alternative cryptocurrencies available right now, with several new presale coins looking set to have big listings in the next few weeks.One of the strongest such coins in terms of fundamentals is Bitcoin Minetrix (BTCMTX), a tokenized cloud mining platform that will make Bitcoin mining more accessible to retail investors.Impressively, Bitcoin Minetrix opened its presale last week and has already raised more than $300,000 so far, a sign that investors are impressed by its unique approach to Bitcoin mining.What Bitcoin Minetrix does is enable users to stake their Ethereum-based BTCMTX tokens so as to receive tokenized mining credits, which can then be used by holders to use Bitcoin mining hashpower.In other words, staking enough BTCMTX will allow holders to mine and earn actual BTC in return, which is why Bitcoin Minetrix promises to widen access to Bitcoin hashpower and mining.Its stake-to-mine platform is due to launch towards the end of 2023, with its native BTCMTX token having a maximum supply of 4 billion, with 1.4 billion being allocated to the presale, and with 15% going towards community rewards.Such rewards will help encourage holders to participate in the Bitcoin Minetrix ecosystem and promote it to other investors, who can join the token's presale by going to the official Bitcoin Minetrix website and connecting their wallets.1 BTCMTX will cost $0.011 during the sale's first stage, although this will rise to $0.01190000 by the tenth and final phase.As such, buyers will have to act speedily if they want to buy BTCMTX at the lowest possible price, because the coin could rally big once it lists on trading platforms in the next couple of months.Visit Bitcoin Minetrix NowDisclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.XRP Price Prediction as XRP Rallies Toward $1 Level – Time to Buy?

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