Crypto Spot Volumes on Centralized Exchanges Hit Lowest since March 2019 - cyptoranking.com

2024-05-05

Popular crypto exchanges(2023 Update) 2024-05-05
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“Until such time, the fund will unwind any existing positions in ether futures contracts,” the disclosure adds. This insight into their trading activity backs the notion that some portion of China’s population is ignoring Beijing’s ban imposed in Sept. 2021. Crypto Spot Volumes on Centralized Exchanges Hit Lowest since March 2019DEXTools Logo / Source: AdobeMajor blue-chip cryptocurrencies continue to slide, with Bitcoin (BTC) last trading in the $27,300s, down close to 1%, and Ether (ETH) last trading just to the north of $1,550 and down a little over 1%.Bitcoin remains in a short-term uptrend, but is threatening a downside break, which would be confirmed if the cryptocurrency broke under $27,000 once again.Ether, meanwhile, continues to face headwinds following the recent underwhelming launch of ETH futures ETFs in the US, which saw week demand, and following a surprise sale of around $2.7 million ETH tokens by the Ethereum Foundation earlier in the week.Elsewhere, sentiment is downbeat across most other major cryptos, with the likes of XRP (XRP), Solana (SOL), Cardano (ADA) and Dogecoin (DOGE) all down 1-4% in the past 24 hours, as per CoinGecko.Traders will be monitoring the ongoing war between Israel/Gaza and its impact on oil prices this week, as well as moves in the US bond and currency markets this week.However, the main event is likely to be the release of US PPI and CPI inflation figures on Wednesday and Thursday.Ahead of this data, traders will likely continue to turn to the highly illiquid shitcoin/meme coin markets for better trading opportunities.Here are some of the top-performing low-cap coins as per DEXTools.Dee Jay ($DEE)A shitcoin called Dee Jay ($DEE) that was launched on Tuesday has seen an almighty 400% pump from its decentralized exchange launch price, making it the best-performing shitcoin, as per DEXTools.$DEE last had a market cap of just under $300,000, with 24-hour trading volumes of around $530,000, over 200 holders and a little over $240,000 in liquidity.The token’s smart contract has two alerts, as per the DEXTools security audit, including an anti-whale mechanism and a trading cooldown function, both potentially handing the token’s issuer unfair influence over trading conditions.KingdomGame ($KINGDOM)Telegram-based game KindomGame’s native $KINGDOM token has pumped up an impressive more than 200% in the past 24 hours, as per DEXTools, making it a top performer.$KINGDOM last had a market cap of around $2.43 million, nearly $850,000 in 24-hour trading volumes, nearly 1,000 holders and close to $200,000 in locked liquidity.The token is up a stunning 800x versus its launch price earlier this month at just above $0.0003.While it doesn’t appear to be a scam, the token has a few concerning aspects to its contract, such as a 5% buy and sell tax and an anti-whale mechanism, although it does have a strong community trust score of around 92%.Loong ($LOONG)A shitcoin called Loong ($LOONG) is up over 130% on Tuesday, making it a top performer in the past 24 hours, as per DEXTools.The token is looking to make it four days in the green in a row since its launch late last week and has managed to already surpass a market cap of a $500,000.$LOONG has already massed more than 175 holders and over $80,000 in liquidity, but its pump isn’t being driven by much volume.With only around $70,000 of the token changing hands in the past 24 hours, $LOONG’s latest pump may lack conviction.The token has a few concerning aspects to it, including a 5% buy tax and a 6.8% sell tax, as well as a few other functions that could hand the issuer unfair powers over trading conditions.Crypto Alternatives to ConsiderShitcoins are very risky, given most have no real value proposition.For those looking for an even better probability of near-term gains, an alternative high-risk-high-reward investment strategy to consider is getting involved in crypto presales.This is where investors buy the tokens of up-start crypto projects to help fund their development.These tokens are nearly always sold cheaply, and there is a long history of presales delivering huge exponential gains to early investors.Many of these projects have fantastic teams behind them and a great vision to deliver a revolutionary crypto application/platform.If an investor can identify such projects, the risk/reward of their presale investment is very good.The team at Cryptonews spends a lot of time combing through presale projects to help investors out.Here is a list of 15 of what the project deems as the best crypto presales of 2023.See the 15 CryptocurrenciesDisclaimer: 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.Crypto Exchanges Adapt: Coinbase, Revolut, and Binance Update Apps for UK Regulations – Here's the Latest Microsoft topped in the year 2000, marking a long-term top in the price at approximately $60. And it wasn't until 2015 that that level was broken again. It took 15 years from that high to completely recover and surpass that level again. If we were to take the money supply into consideration it actually takes longer for Microsoft to recover and break the high 21 years later in May 2021.

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Magazine: The Truth Behind Cuba’s Bitcoin Revolution: An on-the-ground report Ljubljana emerges as the global leader in cryptocurrency acceptance and innovation. The city boasts 11 Bitcoin ATMs and more than 200 merchants that accept Bitcoin despite having a population of fewer than 300,000. The city includes 33 sports venues and 72 shops that accept cryptocurrency payments. One of the biggest grocery store chains in Slovenia, Tus, supports cryptocurrency payments in particular. Buy Ethereum (ETH) with Credit or Debit Card ...Lee also pointed out that AI has proven to excel at identifying flaws in medical studies—but introduces those same flaws when asked to compose its own reports. Now, some $7 million of the funds are at risk of loss, Warbler disclosed.

This sizable Wintermute transfer highlights the active and dynamic nature of the cryptocurrency ecosystem, with traders and institutions making substantial moves to optimize their holdings and strategic positions. Wintermute’s decision to deposit such a substantial amount of OP tokens into Binance signals confidence in the platform and suggests a strategic move to leverage the exchange’s capabilities. Not everyone is as surprised as Wouters. The pseudonymous creator of the decentralized social media network Nostr, Fiatjaf, told Decrypt he thinks the numbers represent “natural growth,” even though the network is still very small. It was “incredibly smaller” two years ago, he said. Buy & Sell Crypto|Quick & SecureThe global financial landscape is rapidly changing, owing in part to the rise of cryptocurrencies and blockchain technology. While several countries have taken a cautious yet progressive approach to digital assets, Hong Kong's position on retail stablecoins remains unusually restrictive. dYdX Stumbles as Bitcoin settles around $27,600 and InQubeta reaches $3.4 Million

It also seeks ownership of the pertinent domain names and any additional damages to be determined through legal proceedings. Gary Wang, FTX’s co-founder and former Chief Technology Officer of the bankrupt exchange, has revealed details of the special privileges the defunct firm granted to sister company, Alameda Research. 4th Annual Global Crypto Hedge Fund Report 2022Meanwhile, the behavior analytics platform for cryptocurrencies, Santiment, which sources on-chain, social and development information, shows that Ethereum fees are at their lowest levels of 2023 after a steady multi-month slump. Meanwhile, social dominance, showing the number of mentions on crypto-related social media, has hit a seven-month high. RPL/USD 4-Hour Chart (Source: TradingView)

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