Balita sa Industriya ng Crypto at Market Trends

Who Owns Huobi Exchange? The Need For Clarity In The Cryptocurrency Industry

According to PROTOS, About Capital Management, which announced the acquisition of Huobi exchange in October 2022, said in May this year, “no longer involved with Huobi in any way.” Capital is generally considered just Justin Suns agency for acquiring Huobi.　　Huobi, one of the largest cryptocurrency exchanges in the world, is shrouded in mystery when it comes to its ownership. In October 2022, Hong Kong-based investment firm, About Capital Management announced that it had acquired Huobi. However, it soon became clear that the mysterious party responsible for acquiring the exchange was none other than TRON and Poloniex founder Justin Sun. Despite persistent tweeting about the company and his appointment to the Huobi Global Advisory Board, Sun denies controlling ownership of the exchange.　　According to PROTOS, About Capital Management, which announced the acquisition of Huobi in October 2022, said in May of the following year that it was “no longer involved with Huobi in any way.” The company refused to elaborate further.　　Hong Kong corporate documents for numerous Huobi and Justin Sun-related entities, along with information about ACM, were obtained by Protos. The documents do not point to who or what entity currently holds a controlling interest in the company. In February, a new

2023-06-02Industriya

Russian Firms Requesting President Putin to Legalize Crypto

Russian President Putin is reached by Russian firms for crypto support.　　Cryptocurrencies like BTC need to be legalized for international settlements.　　Russian President Vladimir Putin has been asked to help with the legalization of crypto payment businesses. The request is approached through the annual report of Russias Business Ombudsman, Boris Titov from the Kremlin.　　However, cryptocurrencies like Bitcoin (BTC) and others are decentralized and it hasnt yet been legalized in Russia so far. Also, the efforts to legalize them are still in process. Furthermore, the request encloses the cross-border actions meant for international crypto payments with abroad partnerships. This has to be achieved through legalized Russian law.　　All of these request considerations are proposed through ‘Key Business Problems Under Sanctions and Structural Transformation in 2023’. Meanwhile, to mention, Russian firms are involved in foreign trade without the regulations already. Additionally, digital asset trading should be operated over this concern for mutual settlements.　　Moreover, the Ukraine war has created certain restrictions on the financial sectors in Russia. And, overcoming this needs crypto legalization which brings back support across the cross-border invasion. Crypto legalization in Russia is urged by Russian firms already, back in the year 2022. This is concerning the crypto payments involved in the association

2023-06-02Industriya

Rising interest in staked ETH: Implications for Lido, Rocket Pool and Frax Finance

Data from parsec finance has revealed a significant increase in the number of wstETH deposits into Aave over the past 24 hours. This surge in interest brings forth questions about its impact on platforms like Lido, Rocket Pool, and Frax Finance.　　Token Accumulation on (w)stETH is a great level set on the DeFi market these days. $87m wstETH shoved into Aave V3 in the last 24hrs alone　　— parsec (@parsec_finance) Hunyo 1, 2023　　For context, wstETH represents wrapped staked Ethereum, which tokenizes the ETH locked in a proof-of-stake network.　　By staking their ETH, users contribute to network security and consensus, receiving staking rewards in return. These deposits can also accrue interest over time, as Aave offers interest-bearing accounts for passive asset growth.　　With the recent spike in Ethereum deposits, Aave stands to benefit. Users can now earn interest on their staked assets, allowing them to passively grow their holdings.　　This increase in deposits signifies a growing interest in earning passive income through staking, showcasing the appeal of Aaves interest-bearing accounts.　　How were LSDs affected？　　The interest in staking has not been limited to Aave alone. Platforms like Lido, Rocket Pool, and Frax Finance have also experienced increased activity.　　Lido, a liquid staking protocol, has seen its daily activity surge

2023-06-02Industriya

$760 Million Raised From Various Companies

According to Wu Blockchain, 93 public investment projects in crypto occurred in May, with infrastructure, DeFi, CeFi, and NFT/GameFi being the primary industry classifications.　　In May, 93 publicly announced investment projects related to the cryptocurrency industry, according to statistics from RootData. This number represents a 13% decrease compared to the previous month and a 40% decrease compared to last year. It is important to note that not all financing is announced in the same month so these statistics may increase in the future.　　The primary industry classifications in the crypto market in May were infrastructure projects accounting for approximately 29% of the financing, DeFi accounting for about 18%, CeFi accounting for approximately 6%, and NFT/GameFi, accounting for about 26%. The total financing amount in May was $760 million, a 7% decrease compared to the previous month and a 66% decrease compared to May 2022.　　Various companies raised funds in May, with the funding rounds exceeding $20 million, including the technology company Tools for Humanity, Auradine, Cryptocurrency wallet company Magic, Bitcoin technology and financial services company River Financial, emerging Bitcoin mining firm Cormint, Web3 startup Story Protocol, cryptocurrency infrastructure company Anoma Foundation, and Web3 payment and fiat aggregator Transak.　　These companies raised a significant amount

2023-06-02Industriya

NFT Whitelists: Exploring the Gateway To Exclusive Digital Collectibles

Balita ng Ethereum ng Bitcoin　　Within the NFT ecosystem, there is a concept known as an “NFT whitelist,” which grants exclusive access to limited edition NFT drops and releases. In this article, we will delve into what an NFT whitelist is, how it functions, and the steps one can take to join these sought-after lists. Whether you are an NFT enthusiast or a curious observer, understanding the dynamics of NFT whitelists will provide valuable insights into the world of digital collectibles.　　What is NFT Whitelists？　　NFT whitelists refer to curated lists of individuals or addresses who are granted exclusive access to purchase or bid on limited edition non-fungible tokens (NFTs). NFT projects, artists, or marketplaces often create these whitelists as a way to reward and prioritize their most dedicated supporters. Being on an NFT whitelist provides participants with early access or guaranteed opportunities to acquire highly sought-after digital collectibles before they are made available to the general public.　　NFT whitelists operate based on specific criteria set by the NFT project or artist. These criteria can vary and are designed to identify individuals who have demonstrated active engagement, loyalty, or ownership of specific tokens. By joining an NFT whitelist, participants gain a competitive advantage in

2023-06-02Industriya

DeFi TVL Falls Back 4.3% in a Mixed May

The industry experienced a mixed performance in May, with DeFi seeing a decrease in total value locked (TVL) but an increase in its share of on-chain activity. The dApp industry grew, while blockchains, except for Tron, regressed in TVL.　　According to the latest DappRadar report, the crypto industry had a mixed bag in May, with different parts of the industry simultaneously progressing and taking steps back.　　Blockchain TVL Regresses　　The total value locked (TVL) in DeFi protocols—or the funds being used in them—saw a 4.3% decrease in May, slipping to $79.16 billion USD. However, DeFi‘s share of on-chain activity rose to 31%. So even though more users are taking advantage of its protocols, they’re playing with less collectively.　　It wasnt all bad, though. The dApp industry grew by 9.97% in May, reaching an average of 1,967,051 daily unique active wallets (dUAW), reflecting a steady increase in web3 interest.　　Total Value Locked (TVL) Top Blockchains, April-May 2023. Source: DappRadar　　Regression was the key takeaway for blockchains in May, as TVL dropped almost across the board. One exception in the report was TRON, which grew a little under 1% over the month.　　The biggest loser in this time period was Fantom (FTM). Its TVL dropped by 37% to $308

2023-06-02Industriya

Is the Price Drop in SOL Price Bearish?

For the past few months, the price of SOL coins has been trading under significant selling pressure. The price is presently taking severe resistance from the 100 EMA on the daily timeframe. The price action suggests that the token can see further depreciation in its value within the next few weeks. The buyers opinion regarding the price is gaining a bullish edge which may create a positive impact on the price.　　The technical indicators are taking a bearish turn,100 and 200 EMA are presently giving major resistance to the price whereas the Ocilators are steadily reaching the overbought level which aligns with the movements price action is making.　　SOL price is presently at $20.61. It has a total market capitalization of $8.2 Billion.　　Appreciation in Bullish Sentiment and Medium Volume　　Source: SOL/USDT by LunarCrush　　The investors opinion regarding the SOL price is taking a bullish edge. Total bearish sentiment metrics have increased by 24.99% whereas the bearish sentiments among the investors have declined by 19% According to LunarCrush.　　A rapid increase is also observed in the medium volume of 15% which suggests that the community is getting more engaged regarding the token.　　Previously, near early January the SOL gave an exceedingly bullish rally of more than 95%

2023-06-02Industriya

Ethereum Price Smashes Resistance, $1,900 Could Be Next

Balita ng Ethereum ng Bitcoin　　Ethereum is slowly attempting a recovery wave from the $1,840 support zone.　　Ang presyo ay nakikipagkalakalan sa itaas ng $1,870 at ang 100-oras na Simple Moving Average.　　Nagkaroon ng isang pahinga sa itaas ng isang pangunahing linya ng trend ng bearish na may pagtutol na malapit sa $ 1,870 sa oras-oras na tsart ng ETH USD (data feed sa pamamagitan ng Kraken).　　Ang pares ay maaaring magsimula ng isang malakas na pagtaas kung tinatanggal nito ang $ 1,880 at $ 1,900 na antas ng paglaban.　　Ang Presyo ng Ethereum ay May Suporta　　Ethereums price managed to stay above the $1,840 support. ETH formed a base and recently started a recovery wave from the $1,838 low, similar to Bitcoin.　　There was a break above the $1,870 resistance level. The price climbed above the 23.6% Fib retracement level of the downward move from the $1,916 swing high to the $1,838 low. Besides, there was a break above a key bearish trend line with resistance near $1,870 on the hourly chart of ETH/USD.　　Ether is now trading above $1,870 and the 100-hourly Simple Moving Average. There are also chances of a short-term inverse head and shoulders pattern on the same chart. Immediate resistance is near the

2023-06-02Industriya

Pagsusuri ng Bitcoin Cash: Ang Key Breakout Resistance ay Nasa $118

Balita ng Ethereum ng Bitcoin　　Makuha ang Iyong Unang Bitcoin Sign up at makakuha ng $12 na Bonus na Referral na bonus hanggang $3,000　　Mag-sign up　　Sinusubukan ng Bitcoin cash ang recovery wave sa itaas ng $112 resistance laban sa US Dollar.　　Ang presyo ay nakikipagkalakalan na ngayon sa itaas ng $114 na zone at ang 55 simpleng moving average (4 na oras).　　Mayroong pangunahing bearish trend line na nabubuo na may resistance malapit sa $116 sa 4 na oras na tsart ng pares ng BCH/USD (data feed mula sa Coinbase).　　Dapat i-clear ng pares ang $116 at $118 upang magsimula ng tuluy-tuloy na pataas na paggalaw sa malapit na termino.　　Pagtatasa sa Presyo ng Cash Bitcoin　　Ang presyo ng Bitcoin cash ay bumuo ng isang disenteng base ng suporta sa itaas ng antas na $110. Nagsimula ang BCH ng disenteng pagtaas at nagawang i-clear ang $112 resistance zone.　　The price climbed above the $114 resistance level. There was a move above the 50% Fib retracement level of the downward move from the $117.30 swing high to the $111.60 low. It is now trading above the $114 zone and the 55 simple moving average (4 hours).　　Sa kabaligtaran, ang presyo ay nahaharap sa paglaban malapit sa antas ng $116. Mayroon

2023-06-02Industriya

Baby Doge Coin Responds on Why Ethereum Over BNB Chain

A suspicious tweet from Baby Doge has caught the attention.　　Ethereum has more users and activity than the BNB chain.　　Baby Doge Coin (BabyDoge), the popular memecoin, has become the talk of the crypto market. BabyDoge has gained great attention from investors by making some big moves in the crypto market. Recently, the memecoin set a world record by burning 100 quadrillion tokens on Ethereum.　　A suspicious tiririt from Baby Doge has caught the attention of the crypto community. The memecoin has replied to the crypto enthusiasts question on choosing Ethereum (ETH) instead of the BNB chain. Moreover, the BabyDoge was initially created by the BNB chain. BabyDoge made a bold statement with that tweet.　　Baby Doge Coin has replied that Ethereum (ETH) has more users and activity than the BNB chain. And also, the ETH network is more decentralized. Some people will not use the BNB chain. The response from the memecoin turned a big thing around in the crypto community.　　At the time of writing, the trading price of Baby Doge Coin is around $0.000000001983, with a decline of 3.63% in the last 24 hours. The trading volume of BabyDoge has witnessed a decline of 0.03%, according to CoinMarketCap.

2023-06-02Ethereum

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