Crypto Trading 101: How to Read an Exchange Order Book - cyptoranking.com

2024-05-01

Popular crypto exchanges(2023 Update) 2024-05-01
Image: cyptoranking.com

Cryptocurrency analyst, Benjamin Cowen, shared in one of his latest YouTube videos that he has not been impressed by Ethereum’s (ETH) performance this year. In his analysis, Cowen placed particular emphasis on the ETH / Bitcoin (BTC) valuation, as well as the effects that the Merge could have on ETH’s future performance. Bitcoin miners earn revenue through two mechanisms. When they add a block to the Bitcoin blockchain, they receive the block reward (currently 6.25 BTC), as well as the transaction fees users pay to get their transactions into the block. Crypto Trading 101: How to Read an Exchange Order BookThe largest concern expressed by Hayes is “at a structural level, the US banking system cannot buy more debt, because it cannot afford to because it is structurally insolvent. The Federal Reserve has committed to doing quantitative tightening, so it's not accumulating more treasuries.” Blockchain technology, hailed for its decentralized nature, has revolutionized online transactions in the iGaming sector. This transformation begins with the fundamental shift from traditional payment methods to cryptocurrencies, which has made gaming more inclusive than ever before.

Exchange Rankings Crypto
Image: cyptoranking.com

#BNB is a fair launch token. Ie, no one got free BNB tokens from the initial supply. The "team tokens" was never moved or used, it was only burnt. Lee said that NHN chose Sui for its upcoming NFT and crypto games because it wants to build on a layer-1 blockchain—and Mysten Labs, the main developer behind Sui, immediately understood NHN’s long-term vision for crypto gaming. Bitcoin Price Prediction October 2022The Kennedy name has been closely associated with the Democratic Party for generations, but RFK Jr.’s positions on a variety of issues, such as his opposition to vaccines, have alienated him from the party mainstream and his own family. Crypto trading bot provider 3Commas is on “heightened alert” after some of its user’s accounts were compromised and used to place trades.

In November 2022, following the collapse of FTX and Alameda, Ellison secured a plea agreement. Admitting to her role in the financial misdealings, she acknowledged: And due to the broader gaming community’s disdain for blockchain tech, he doesn’t believe it makes a whole lot of fiscal sense for game producers to pursue Web3 possibilities. All about Shiba Inu cryto coin; how can you buy it in IndiaSource: ShutterstockBinance Labs, the venture arm of Binance, injected $10 million into Helio Protocol on August 11th. This investment supports Helio Protocol's ongoing shift towards becoming a liquid staking platform. The substantial funding from Binance Labs highlights Helio Protocol's promising potential and underscores the rising importance of liquid staking within decentralized finance (DeFi).A spokesperson from Binance Labs elaborated on their enthusiastic perspective concerning liquid staking. They highlighted the notable surge in total value locked (TVL) within "LSDfi protocols," emphasizing the rapid growth potential of these protocols. These protocols introduce additional use cases for liquid staking tokens, which could significantly accelerate the expansion of liquid staking. This expansion can propel staking participation, ultimately leading to unprecedented capital efficiency.However, according to Binance Half-Year Report published in July, it noted that Liquid staking, although it has emerged as the largest DeFi category in terms of TVL, there are things to be wary of, including smart contract vulnerabilities, slashing risks and price fluctuations.Binance's report in July revealed that liquid staking overtook DEXs in TVL supremacy by April 2023. Initially, market concentration focused on key protocols, but Binance predicted diversification as more projects entered this sphere soon.Though liquid staking is gaining popularity, users must remain cautious. "When engaging in liquid staking, users interact with additional smart contract layers, which exposes them to potential bugs. Thorough research by users is crucial."Futhermore, Binance warned that fluctuations in market prices might cause mismatches between the Liquid Staking Token (LST) and underlying tokens, often due to smart contract complications.The Liquid Staking Revolution: Helio's Strategic Pivot towards DeFi TransformationLiquid staking stands as the DeFi sector's imminent game-changer. It is a decentralized finance subset, allowing users to earn yield while retaining token liquidity. It involves staking tokens to gain different representative tokens – liquid staking tokens (LSTs) – which find use within DeFi.The biggest staking platform on Ethereum is Lido Finance. It offers users Staked Ethereum (stETH) when they deposit their ETH with the protocol.Binance Labs expressed optimism about liquid staking, also known as liquid staking derivative finance or "LSDfi protocols." A Binance Labs spokesperson said via email, "LSDfi protocols have created new opportunities for yield-seeking LST holders. They have gained significant Total Value Locked (TVL) growth recently. By expanding the use cases for liquid staking tokens, LSDfi could accelerate liquid staking growth by encouraging more staking for higher capital efficiency."Helio Protocol ranks thirteenth in DeFi on the BNB Chain, boasting 11,000 HAY holders and $300 million in TVL. Backed by Binance Labs and focusing on liquid staking innovation, Helio aims for a significant DeFi presence. The Binance Labs spokesperson stated, "Helio aims to launch on Ethereum, followed by major L2 networks such as Arbitrum and Zksync."Helio Protocol's recent actions in this realm have been truly transformative. Following its merger with Synclub, Helio revamped its BNB deposits. These deposits now seamlessly convert into a variety of LSTs like AnkrBNB (ANKR), snBNB (Synclub), BNBx (Stader), and stkBNB (Pstake). This innovation enables users to withdraw any LST of their choice, thereby enhancing liquidity and the usability of their staked assets.Coinbase's Blockchain Gambit: A Solution to Six Consecutive Quarters of Losses? Crypto Aid Israel is hosting a multisig wallet, overseen by luminaries in the local Web3 community. In order to donate and help their cause, you can visit their website here.

“It’s a really challenging time to want to be an equity investor and in U.S. stocks right now. You’ve got the geopolitical uncertainty… the United States is probably in its weakest fiscal position since certainly World War II with debt-to-GDP at 122%.” Regarding the interest accounts specifically, the blog post said that “the company expects that this will be the first wave of distributions, which will be followed by additional distributions.” Dogecoin to Pakistani Rupee on August 28, 2022“This tech is very new, and efficiency will improve dramatically over coming years,” Sharp said. Still amazed how the FTX Estate settled with Genesis for $175m (after seeking $4bn) and is now hinting that they will try to claw back customers withdrawals.All while Genesis loans were fully repaid with... FTX customer funds.FTX users rugged by both Sam and JR3. https://t.co/A0Y7rq6FWt

Have an opinion on this story? Share it!