Malaysia's end-May palm oil stocks up 13% to 1.69m mt on strong output, flat exports: MPOB - cyptoranking.com

2024-05-15

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“Project Mariana pioneers the use of novel technology for interbank foreign exchange markets. It successfully demonstrated that it is feasible to exchange wholesale CBDC across borders using novel concepts such as automated market makers,” said Cecilia Skingsley, head of the BIS Innovation Hub As it is a new virtual platform currently being built, the metaverse’s future is in the hands of the people currently working to shape it and make it better. Malaysia's end-May palm oil stocks up 13% to 1.69m mt on strong output, flat exports: MPOBSource: PixabayOptimism-based decentralized crypto lender Exactly Protocol suffered a bridge exploit as it lost as much as $12 million worth of ETH earlier today.Blockchain security firm De.Fi reported that the hacker used an exploiter contract on Ethereum that transferred deposits to Optimism before ultimately bridging stolen funds back to Ethereum.The total value locked on the protocol also took a nosedive shortly after the bridge exploit.Protoco’s TVL plummeted from $36 million to under $26 million, according to data from DeFi Llama.The protocol's native governance token (EXA) also fell by more than 15% following the bridge exploit as it currently trades at $4.91,Due to its relatively new technology, cross-chain bridges have emerged as a prevalent target for hackers, with over $2 billion reportedly lost to bridge-related hacks last year, Chainalysis revealed. The Defi protocol acknowledged the hack and put out a tweet saying that they're actively investigating the security issue within the protocol. “To ensure user safety, the protocol is temporarily paused (you can still withdraw assets). Our team is on top of this and will share more details asap.”DeFi Hack Coincides With Overall Downturn in Crypto Market. The hacking incident comes at a time when there is an overall downturn in the broader cryptocurrency market, leading altcoins including XRP, LTC, and BCH experienced substantial double-digit declines. The leading cryptocurrency Bitcoin also slumped to as low as $25,200 briefly before making a slight recovery earlier today.Nearly $1 billion worth of positions were liquidated within a span of 24 hours as the entire market witnessed the bloodbath. The ongoing cross bridge exploits have become a major concern for the crypto industry. As reported earlier, Hundred Finance, a lending and borrowing DeFi protocol on the Optimism [OP] network, also suffered a major hack on 15 April. The hack led to the exploitation of $7 million worth of crypto assets.DeFi Value Locked Reaches Nearly $42 Billion as Token Market Experiences Significant Growth – Here's the Latest However, the Accumulation/Distribution Line (ADL) reads a value of 10.7M, and then the line seems to be heading downward. This shows that BTC’s uptrend has no volume to support. Hence BTC may fall and test the $25.3K support level.

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Dogecoin History: Elon Musk’s Involvement Samocha is among Israeli crypto-industry workers who are suddenly scrambling to deal with a crisis of a magnitude they haven’t witnessed in recent memory. He’s helped to organize an aid campaign to raise crypto donations, while dealing with the repercussions of the Israel-Hamas war, and trying to stay optimistic. What would 1000 in Bitcoin be worth?Blocknative discontinued its MEV-boost relayer service on Ethereum last week. While other relayers do remain, a large majority of Ethereum transactions are now handled by just four entities. Developers using zkSync Era can use SubQuery’s adaptive, fast, open, and decentralized data indexing solution. This integration gives blockchain developers tools to manage and query on-chain data for protocols and apps.

Bitcoin (BTC) is attempting to trade above $27,000 in a positive sign. In the past few days, Bitcoin’s price held above $26,000 in adverse conditions as the U.S. Dollar Index rose sharply and the S&P 500 index was plunging. This suggests that selling dries up at lower levels.The decision by the United States Securities and Exchange Commission to delay the applications for multiple spot Bitcoin exchange-traded funds (ETFs) ahead of schedule also did not dent prices. This indicates that the market participants are taking a longer-term view of Bitcoin. Bloomberg ETF analyst James Seyffart believes that the regulator took an early decision because of the risk of a U.S. government shutdown on Oct. 1.Daily cryptocurrency market performance. Source: Coin360Bitcoin’s resilience over the past few days seems to have boosted trader’s sentiment. That helped start a recovery in most major altcoins, which are trying to climb above their respective resistance levels.Could Bitcoin extend its up-move in the near term and will that start a revival in the crypto space? Let’s study the charts of the top 10 cryptocurrencies to find out.Bitcoin price analysisAfter struggling for several days, the bulls finally propelled Bitcoin above the moving averages on Sept. 28. The bulls are currently trying to thwart attempts by the bears to yank the price back below the 20-day exponential moving average ($26,534).BTC/USDT daily chart. Source: TradingViewThe moving averages are on the verge of a bullish crossover, and the relative strength index (RSI) is in the positive territory, indicating that the path of least resistance is to the upside. There is a minor resistance at $27,500, but it is likely to be crossed. The BTC/USDT pair could then rally to the overhead resistance at $28,143. This level is again likely to witness a tough battle between the bulls and the bears.On the downside, the $26,000 level is important to watch out for. If this level gives way, the advantage will tilt in favor of the bears. The pair may then nosedive to the formidable support at $24,800.Ether price analysisEther (ETH) climbed and closed above the 20-day EMA ($1,622) on Sept. 28, indicating that the selling pressure is reducing. The buyers continued their purchase and cleared the hurdle at the 50-day simple moving average ($1,660) on Sept. 29.ETH/USDT daily chart. Source: TradingViewThe bulls will try to drive the price to the overhead resistance of $1,746. This is an important level to keep an eye on because if buyers overcome this barrier, the ETH/USDT pair will complete a double bottom pattern. This reversal setup has a target objective of $1,961.On the contrary, if the price turns down from $1,746, it will indicate that the bears remain sellers on rallies. The price could then dip to the 20-day EMA. If the price rebounds off this support, it will enhance the prospects of a rally above $1,746. The bears will be back in the game if they drag the price back below the 20-day EMA.BNB price analysisBNB (BNB) has been trading inside the $220 to $203 range for the past few days. The bulls are trying to nudge the price to the overhead resistance at $220.BNB/USDT daily chart. Source: TradingViewThe 20-day EMA ($213) is flat but the RSI has risen into positive territory, indicating that the momentum is turning in favor of the bulls. If the $220 resistance is surmounted, the BNB/USDT pair could surge to $235.Contrary to this assumption, if the price turns down sharply from $220, it will indicate that the range-bound action may continue for a while longer. The next leg of the downtrend will begin after bears tug the price below $203.XRP price analysisBuyers pushed XRP (XRP) above the 20-day EMA ($0.50) on Sept. 28 and followed that up with a move above the resistance line of the symmetrical triangle pattern on Sept. 29.XRP/USDT daily chart. Source: TradingViewIf the price sustains above the triangle, it will signal that the uncertainty has resolved in favor of the buyers. The XRP/USDT pair could then rally to the overhead resistance at $0.56. This is an important resistance to watch out for because a break above it will clear the path for a potential rally to the pattern target of $0.64.Contrarily, if the price turns down and reenters the triangle, it will indicate that markets have rejected the higher levels. The bears will then try to gain the edge by pulling the price below the uptrend line of the triangle.Cardano price analysisThe bulls are trying to sustain Cardano (ADA) above the 20-day EMA ($0.25) on Sept. 29, which shows that the bears are losing their grip.ADA/USDT daily chart. Source: TradingViewA break and close above the downtrend line will invalidate the bearish descending triangle pattern. Generally, the failure of a bearish pattern results in a sharp up-move as the sellers rush to exit their shorts and the bulls waiting on the sidelines start buying. That could propel the ADA/USDT pair to $0.29 and subsequently to $0.32.Time is running out for the bears. If they want to regain control, they will have to defend the downtrend line and pull the price below $0.24. The next support on the downside is at $0.22.Dogecoin price analysisDogecoin’s (DOGE) range has shrunk in the past few days, increasing the prospect of a range expansion within the next few days.DOGE/USDT daily chart. Source: TradingViewThe 20-day EMA ($0.06) is flattening out and the RSI is just below the midpoint, indicating a balance between supply and demand. If buyers kick the price above the 20-day EMA with force, it will signal the start of a recovery. The DOGE/USDT pair could first rise to $0.07 and thereafter to $0.08.If bears want to prevent the upside, they must quickly drag the price below $0.06. If they do that, the pair may plunge to the next critical support at $0.055.Solana price analysisSolana (SOL) remains stuck inside the large range between $27.12 and $14 for the past several days. Trading inside a range can be random and volatile as bulls typically buy at the support and sell near the resistance.SOL/USDT daily chart. Source: TradingViewThe bulls are trying to start a relief rally, which has reached the 50-day SMA ($20.44). This is an important level to watch out for because a break above it will suggest that the bulls are back in the game. The SOL/USDT pair could then rise to $22.30.Instead, if the price turns down from the 50-day SMA, it will indicate that the bears are active at higher levels. Sellers will have to tug the price below $18.50 to open the doors for a retest of $17.33.Related: Why is Ether (ETH) price up today?Toncoin price analysisToncoin (TON) rebounded off the 20-day EMA ($2.13) on Sept. 27, indicating that the sentiment remains positive and traders are buying on dips. TON/USDT daily chart. Source: TradingViewThe long wick on the Sept. 27 and 28 candlestick shows that the bears are selling at the 38.2% Fibonacci retracement level of $2.28. However, a positive sign in favor of the bulls is that they have not allowed the price to slip below the 20-day EMA. Buyers will have to shove the price above the 61.8% Fibonacci retracement level of $2.40 to open the doors for a retest of the stiff overhead resistance at $2.59. This positive view will invalidate if the price turns down and plummets below $2.07.Polkadot price analysisThe failure of the bears to sink Polkadot (DOT) below the $3.91 support indicates that the range-bound action remains intact.DOT/USDT daily chart. Source: TradingViewBuyers will try to drive the price above the 20-day EMA ($4.10) and challenge the overhead resistance at the 50-day SMA ($4.32). If this level is cleared, the DOT/USDT pair could surge to the downtrend line. The bulls will have to overcome this barrier to signal a potential trend change.The important support to watch on the downside is $3.91. A break below this level will suggest the resumption of the downtrend toward $3.58.Polygon price analysisPolygon (MATIC) turned up from $0.50 on Sept. 28 indicating solid buying at lower levels. The price has reached the 20-day EMA ($0.52), which is an important level to keep an eye on.MATIC/USDT daily chart. Source: TradingViewThe positive divergence on the RSI indicates that the selling pressure is reducing. That enhances the prospects of a break above the moving averages. The MATIC/USDT pair could then retest the overhead resistance at $0.60. The bears are expected to protect this level with vigor.If bears want to maintain their control, they will have to yank the price below the strong support at $0.49. If this support gives way, the pair may drop to $0.45.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. On a more technical level, the ERC-6551 uses an ERC-721 NFT-compatible unlicensed registry that acts as a directory for TBAs. The registry distributes a proxy contract for TBAs by inheriting the metadata of the original ERC-721 token. Does Ethereum go up when Bitcoin goes up?“Now that an NFT has its own account address, it could be a signatory on a multisig, it could have its own ENS subdomain. It’s like giving an NFT a passport” Perhaps one of the most significant factors contributing to the Netherlands’ rise as a crypto casino and crypto hub is the legal status of cryptocurrencies in the country. Unlike some nations that have taken a more restrictive stance on digital assets, the Netherlands has chosen to embrace cryptocurrencies fully. There are currently no regulations that explicitly prohibit the use or trading of crypto assets in the country. This legal clarity has encouraged crypto startups and established players to establish a presence in the Dutch market, driving innovation and investment in the sector.

Crypto Funding Woes Continue in Q3 2023 Conclusion: Bitcoin's Ascendance Shiba Inu (SHIB) Price Prediction-Is Ethereum and Collateral Network Worth A DCA?There is a key bearish trend line forming with resistance near $27,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The Titan Fund’s investments will be directed towards equity investments in blockchain companies, not digital assets, according to a statement released on Wednesday.

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