Bookmap ㄧ Analyze & Trade Order Flow On Top Crypto Exchanges - cyptoranking.com

2024-04-29

Popular crypto exchanges(2023 Update) 2024-04-29
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Bitcoin’s price has been consolidating below the $28K level over the last few days, failing to continue its momentum toward the $30K resistance level. The price is currently testing a key area and should be closely monitored. Friend.tech, a flagship SocialFi application, enables users to buy access keys for private chat rooms connected to specific X profiles’ personalities. These keys increase exponentially in price as more are purchased based on a bonding curve. When a key is resold via the secondary market, Friend.tech and the tokenized profile’s owner each receive a 5% residual. The platform has been lucrative for some — with daily revenues currently in the hundreds of thousands. Bookmap ㄧ Analyze & Trade Order Flow On Top Crypto ExchangesETC’s price may breakout soon given the fact that a symmetrical triangle chart pattern has formed on the altcoin’s daily chart. Although this pattern does not explicitly show which direction ETC’s price may breakout in, technical indicators suggest that the cryptocurrency may enter a strong move towards the downside. Balancer later said it believed the exploiters undertook a social engineering attack on its DNS service provider EuroDNS which allowed attackers to input a prompt to trick users into approving a malicious contract that drains their wallet.

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Advantages of blockchain web hosting The Friday court filing alleged that all five members were to be considered co-founders and have equity in the company, but they claimed that the supposed plan never materialized. Will Bitcoin hit $10,000?Yuga Labs Announces Workforce Reduction Amid NFT Market Slump The reaction to the minor $68 resistance area is also bearish. The altcoin deviated above it in August and then failed to break out twice before falling below the ascending support trendline.

Prior to the second delay, many of the fund hopefuls had deadlines in mid-October, though — as Blockworks previously reported — industry experts have stressed that the SEC can delay its rulings until the end of the 240-day deadlines. Despite the declining popularity of Proof-of-Work cryptocurrencies as a whole, the Bitcoin mining ecosystem is still very strong. As we can see from the 3-year Bitcoin hashrate chart, the mining power of the Bitcoin network has been increasing steadily despite the fact that Bitcoin has been in a bear market since 2022. U.S. regulator warns of cryptocurrency 'pump-and-dump' schemesThe rise of Ethereum staking since major network upgrades, the Merge and Shanghai, has come at the cost of higher centralization and lower staking yields, a new report by JPMorgan said.JPMorgan analysts, led by senior managing director Nikolaos Panigirtzoglou, issued a new investor note on Oct. 5, warning about the risks stemming from Ethereum’s growing centralization.Market share of top five liquid staking providers. Source: JPMorganThe top five liquid staking providers: Lido, Coinbase, Figment, Binance and Kraken, control over 50% of staking on the Ethereum network, JPMorgan analysts noted in the report, adding that Lido alone accounts for almost one-third.The analysts mentioned that the crypto community has seen the decentralized liquid staking platform Lido as a better alternative to centralized staking platforms associated with centralized exchanges like Coinbase or Binance. However, in practice, “even decentralized liquid staking platforms involve a high degree of centralization,” JPMorgan’s report said, adding that a single Lido node operator accounts for more than 7,000 validator sets or 230,000 Ether (ETH).These node operators get selected by Lido’s decentralized autonomous organization (DAO), which is controlled by a few wallet addresses, “making Lido’s platform rather centralized in its decision making,” the analysts wrote. The report mentioned a case when Lido’s DAO rejected a proposal to cap the staking share at 22% of Ethereum’s overall staking to avoid centralization.“Lido didn’t participate in the initiatives as its DAO rejected the proposal by an overwhelming majority of 99%,” JPMorgan analysts wrote, adding:“Needless to say that centralization by any entity or protocol creates risks to the Ethereum network as a concentrated number of liquidity providers or node operators could act as a single point of failure or become targets for attacks or collude to create an oligopoly [...]”Apart from higher centralization, post-Merge Ethereum is also associated with an overall staking yield decline, JPMorgan noted. The standard block rewards declined from 4.3% before the Shanghai upgrade to 3.5% currently, the analysts wrote. The total staking yield has declined from 7.3% before the Shanghai upgrade to around 5.5% currently, the report added.Related: Time to ‘pull the brakes’ on Ethereum and rotate back to Bitcoin: K33 reportJPMorgan analysts aren’t the only Ethereum observers who have noticed a significant increase in network centralization following the Merge upgrade. Executed on Sept. 15, 2022, the Merge has been seen as a major impediment to Ethereum’s decentralization and a major reason for dropping yields.you are the yield pic.twitter.com/ONJT6QmDch— Pledditor (@Pledditor) October 5, 2023 Futures data shows more than $12 million short liquidation losses took place across OKX and Binance following a rise in the underlying asset’s jump to $28,000. Implied volatility for bitcoin options contracts is hovering at 36.4% while the historical volatility value is roughly 27%, Bitfinex noted in its report on Monday.

Initial Hiccups and Resilience: However, Shibarium faced initial technical issues, causing approximately $1.7 million in ETH to become locked in the Shibarium cross-chain bridge temporarily. The launch also suffered from a "non-functional" RPC system, an unsatisfactory blockchain explorer, and a subpar user experience for the SHIB community. Despite these challenges, Shibarium relaunched successfully, attracting 1.25 million wallets and facilitating over 3 million transactions within a few weeks of relaunch. Blockchain technology has emerged as a critical component of the metaverse. It permits the development of unique, scarce digital assets that users can possess. NFTs are a prime example of how blockchain is being utilized to represent ownership of virtual assets within the metaverse. Cryptocurrency Market to be Worth $11.71 Billion by 2030: Grand View Research, Inc.Bernstein estimates the crypto fund management industry to be around $45-50 billion currently, though it has the ability to be worth over $500 billion of assets in the next five years. One Web3 cybersecurity service explained:“Their DNS records have been modified to redirect to a phishing web-site that drains users wallets.”Crypto detective ZachXBT reported that funds were being stolen from Galxe. The wallet ZachXBT linked to the exploit continued to gather funds after the Galxe website came back online, hovering around $160,000 at 17:15 UTC, according to DeBank.ZachXBT suggested a link between the Galxe exploiter and the party that attacked the Balancer protocol on Sept. 19. That was the second attack on Balancer in the span of a month. Once you connect to Galxe, you will be prompted for approval.If you approve by logging in to WEB3 as usual, all assets will be removed.Please RT and spread the word. pic.twitter.com/W51Bdd78KU— ZORBA۞ (@OHzorba) October 6, 2023

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