Balita sa Industriya ng Crypto at Market Trends

This One Lost $147K in ETH on Memecoins

Ethereum　　Nawala ang Isang Ito ng $147K sa ETH sa Memecoins　　2 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　The cryptocurrency space is full of stories regarding certain investors, typically larger ones, who made fortunes with their investments in more speculative assets like memecoins. These examples tend to attract jealousy as well as some resentment from less fortunate market participants.　　Today, however, we will take a look at the other side of this coin.　　A few years ago, it was Dogecoin. Then, it was Shiba Inu. This year, at least for now, the massive memecoin explosion has come from PEPE.　　Shortly after its launch in April, multiple stories about overnight millionaires emerged, including this one. In it, one savvy investor turned $27 into $1 million after taking advantage of the PEPE mania.　　However, its not all roses and rainbows. Lookonchain shared data about an NFT whale – going by the handle @sighduck – who has not been all that successful when investing in memecoins.　　According to the on-chain analytics provider, the said whale lost in total $147,000 worth of ETH so far this month on various memecoins.　　Perhaps even more painfully, some of them – such as TURBO and BEN – skyrocketed by up to 85x after the whale

2023-05-26Ethereum

Blurs Blend protocol facilitates nearly 170,000 ETH loans in 22 days

Balita ng Ethereum ng Bitcoin　　Blur‘s peer-to-peer perpetual non-fungible lending protocol Blend, focused on NFTs, has seen massive growth since inception, with the protocol’s loan volume hitting close to 170,000 in under 30 days.　　Blend controls 82% of NFT lending share　　According to DappRadar, Blends total loan volume has grown to 169,900 ETH or $308 million in 22 days, from 4,200 ETH recorded on the first day, translating to a growth of nearly 4000%.　　Also, the NFT loan volume in May reached $375 million, with Blend accounting for 82% of the NFT lending market by borrow volume, thereby surpassing other existing NFT lending protocols such as X2Y2, NFTfi, Paraspace, Bend, and Arcade.　　Blend, short for Blur Lending, launched on May 1 by NFT marketplace Blur, allows borrowers to use their NFTs as collateral to borrow ether. There are no fee charges for borrowers and lenders, while loans do not expire.　　Meanwhile, Blend‘s performance since inception has also spurred an increase in Blur’s total value locked (TVL), which masakitin at $147.5 million on May 23. According to Blur, NFTs in the Blend protocol contribute to 17% of its TVL.　　Blend to support Clone X　　Blend, which initially supported the NFT collections Azuki, CryptoPunks, and Milady Maker, has extended its

2023-05-26Ethereum

Breaking: Ethereum’s Exchange Depositing Transactions Hit 6-Year Low! Will ETH Price Now Aim For $2K?

Ethereum　　Breaking: Ethereums Exchange Depositing Transactions Hit 6-Year Low! Will ETH Price Now Aim For $2K？　　Balita ng Ethereum ng Bitcoin　　The Ethereum network, the second-largest cryptocurrency by market cap, has recently witnessed an unusual but noteworthy trend. For the first time in 6 years, the number of Ethereum‘s exchange depositing transactions has dropped to an all-time low. The question on every trader, investor, and enthusiast’s mind is: “What does this mean for Ethereums (ETH) price？ Could it be a springboard for a leap towards the $2,000 mark？”　　Ethereums Exchange Depositing Transactions Reach 2017 Levels　　As uncertainties surrounding the US debt ceiling and potential interest rate hikes weigh heavily on the cryptocurrency market, leading assets such as Bitcoin and Ethereum find themselves struggling to provide a definitive outlook. Nevertheless, our examination suggests a burgeoning bullish sentiment poised to propel the price of ETH on an upward trajectory.　　Upon close inspection of Ethereum‘s exchange depositing transactions, we’ve noted a significant multi-year trough today, bottoming out at 9,592 transactions. This is a noteworthy observation as this same level was last experienced on April 23, 2017, right before Ethereum embarked on its inaugural bull run, touching the $1000 mark.　　The number of exchange depositing transactions is a critical data point

2023-05-26Ethereum

Can Ethereum Price Reach $100,000 ever?

Ethereum　　Maaabot ba ng Presyo ng Ethereum ang $100,000 kailanman？　　Balita ng Ethereum ng Bitcoin　　Ethereum has held up better in Bitcoins slipstream over the past few weeks than it did at the start of the year. The Ethereum price lost against Bitcoin in the first few weeks of 2023 and was able to keep up with Bitcoin again in the spring. With the Shanghai update, a more important step towards Ethereum 2.0 was recently taken. But how high is the potential for the Ethereum price in the coming years and is the $100,000 mark ever possible？　　Paano lumipat ang presyo ng Ethereum sa nakalipas na ilang linggo？　　The Ethereum price has seen more of a sideways movement in the last few weeks. After strong gains in the first 6 weeks of the year and at the end of March, the Ether token price stabilized at a high level.　　Ethereum (ETH) price in the last 30 days, source: gocharting.com　　While the Ethereum price was not able to rise as much as the Bitcoin price, especially in the first quarter of 2023, Ethereum has performed comparatively well in the second quarter so far as Bitcoin. In the last few weeks, the ETH price has mostly moved in the

2023-05-26Ethereum

Ethereum Rainbow Chart. How Does It Work? What About New Rising Star ApeMax?

Ethereum　　Ethereum Rainbow Chart. Paano Ito Gumagana？ Paano ang Bagong Rising Star ApeMax？　　Balita ng Ethereum ng Bitcoin　　Following the Shapella upgrades, which allowed unstaking of Ethereum (ETH) for the first time since its introduction in December 2020, the price of ETH crossed the significant $2,000 mark and maintained stability. This has left investors assessing its potential future trends, including its relationship with the ETH Rainbow Chart.　　Simultaneously new cryptocurrency coins are emerging, such as ApeMax, a new revolutionary staking token. In this guide, we will delve into the world of cryptocurrency and shed light on the Ethereum Rainbow Chart, as well as the new emerging star ApeMax.　　In this article, we explore the much-debated Ethereum Rainbow and provide valuable market insights and data to assist readers in comprehending its significance. Furthermore, we examine the factors analysts consider when making Ethereum pricing predictions, offering readers a possible glimpse into the future of this groundbreaking digital coin.　　The cryptocurrency market is a constantly evolving ecosystem that has ignited a frenzy of excitement, drawing the attention of investors globally. Recent successes of new crypto coins have been nothing short of remarkable, as several groundbreaking tokens have experienced astronomical surges.　　What is the Ethereum Rainbow chart in a nutshell？　　The Ethereum

2023-05-26Ethereum

Ripple president explains why the company acquired a stake in Bitstamp

Ripple president Monica Long said the company‘s recent stake acquisition in European crypto exchange Bitstamp will help further grow the company’s international presence and diversification beyond payments.　　“Ripple has a strong balance sheet and we are actively looking for opportunities to continue expanding the business outside of the U.S. and beyond payments, as we further solidify our global leadership position,” Long told The Block. The company acquired an undisclosed stake in Bitstamp from crypto venture capital Pantera. Galaxy Digital Holdings, who advised Pantera on the deal during the first quarter of the year, disclosed the news earlier this month.　　“Like Ripple, Bitstamp has a long and established history in the crypto industry. Theyre a trusted and leading exchange, particularly in their enterprise-grade and institutional offerings,” Long said. “They have been a valuable partner to Ripple, and as such we were excited at the opportunity to invest in their business and deepen our partnership.”　　Ripple works with several crypto exchanges globally, including Bitstamp, to make its payments product more useful with features such as fiat on/off ramps and crypto custody service integration, Long said. Jean-Baptiste Graftieaux, CEO of Bitstamp, told The Block that Ripple and Bitstamp have had a partnership since 2017.　　“Were delighted to

2023-05-25Industriya

HedgeUp (HDUP) Presale Flourishes, Outperforming Cosmos (ATOM) and Polygon (MATIC) Amid Investors Skepticism

Balita ng Ethereum ng Bitcoin　　HedgeUp (HDUP), an emerging trading platform introducing the concept of asset-backed trading, has been making waves in the cryptocurrency market. Its recent presale has attracted significant attention from the cryptocurrency community, particularly from Bitcoin (BTC) and Monero (XMR) whales who are constantly on the hunt for high returns and ground-breaking projects.　　What Attracts Bitcoin (BTC) and Monero (XMR) Whales to HedgeUp (HDUP)？　　Whales, in the crypto parlance, refer to individuals or entities that hold a large number of certain cryptocurrencies. Bitcoin (BTC) and Monero (XMR) whales are known for their strategic investments and their ability to influence market trends. What attracts them to HedgeUp (HDUP) lies in its unique value proposition and its potential for high returns.　　Bitcoin (BTC) whales, who have seen the massive growth and acceptance of Bitcoin (BTC) over the years, are always on the lookout for projects that could replicate or even surpass Bitcoins success. They see immense potential in HedgeUp (HDUP), especially with its approach to asset-backed trading, which provides an attractive balance of risk mitigation and profitability.　　Monero (XMR) whales, known for their appreciation for privacy and security, also find HedgeUp‘s (HDUP) presale an attractive investment. HedgeUp (HDUP)’s commitment to maintaining high standards of

2023-05-25Industriya

SEC Calls SPAC’s Financial Statements Unreliable As Stock Faces Delisting

Digital World Acquisition Corp., which plans to merge with the parent company of Donald Trumps Truth Social platform, received a warning last week from regulators finding accounting errors in its last financial report, threatening to delist the firm from Nasdaq, on top of two investigations that have delayed the deal with Trump.　　key Katotohanan　　In a May 18 filing, the Securities and Exchange Commission found Digital World Acquisition, a special purpose acquisition company (SPAC) that signed a deal in 2021 to merge with Trumps media company to take Truth Social public, had made accounting errors in its annual financial report for 2022.　　The year-end report can “no longer be relied upon,” SEC regulators said, and Digital World is now developing a remediation plan to address the “material weakness” in its “internal control over financial reporting,” per the filing.　　Digital World Acquisition also has not filed an earnings report for the first quarter of 2023, which is required for all companies listed on Nasdaq.　　The company has until July 24 to submit a plan or be delisted from the stock exchange—the SEC can then accept or deny the companys plan, and if it rejects it, Digital World can appeal.　　In a public statement on Thursday addressing the

2023-05-25Industriya

Reental enters Fortnite metaverse - The Cryptonomist

The Fortnite Metaverse welcomes a tokenized real estate investment company to the Fortnite Creative section: Rentaal.　　The Spanish fintech startup has created its new virtual island to offer different experiences to its followers.　　Reentals new virtual island in the Fortnite metaverse　　A new entry in the Fortnite metaverse has arrived: the Spanish tokenized real estate investment startup Reental.　　Thanks to a partnership with StadioPlus, Reental has reached out to the video game world and then purchased its virtual island on Fortnite so it can also offer its followers new immersive experiences.　　For those not yet familiar with it, Reental describes itself as the European leader in tokenized properties and the global leader of Spanish-speaking investors in this sector.　　Not only that, with a community of more than 8,000 users from more than 55 countries, the Spanish fintech offers investment opportunities in different types of properties, with expected returns of more than 10% year-on-year and 24/7 liquidity.　　Its entry into the Fortnite metaverse came with the creation of Inmopark, the virtual island where fans and potential customers can enjoy a different, revolutionary, gamified experience.　　Metaverse: Fortnite and Reental harness the potential of virtual worlds　　Spanish startup Reental appears to be tapping into the potential of the emerging Metaverse merkado, choosing

2023-05-25Industriya

Bulls seek new support below $63 in extended downtrend – Cryptopolitan

Balita ng Ethereum ng Bitcoin　　Todays Aave price analysis suggests a persistently bearish scenario. The ongoing circumstances continue to favor the bears, with the price steadily declining. Presently, Aave is valued at $63.49, and there are indications that it may further descend in the near future. Such a development could potentially exacerbate the already significant decline in the cryptocurrency market. Nevertheless, there are discernible signs of support at approximately $62.22, as evidenced by the price rebounding after briefly touching this level earlier today.　　The 1-day price chart for Aave price analysis indicates a bearish trend, with the price levels continuing to decline. Today, the price has even breached the crucial support level of $64, further intensifying the downward movement. At present, the AAVE/USD price is positioned at $63.49 and is anticipated to venture into a lower range in the near future. It is worth noting that the moving average (MA) value on the price chart is currently observed at $64.65.　　AAVE/USD 1-araw na chart ng presyo. Pinagmulan: TradingView　　The bearish trend has remained steady since yesterday, accompanied by relatively mild volatility. The upper and lower Bollinger band values have converged at $68.5 and $60.5, respectively, serving as resistance and support levels. Additionally, the Relative

2023-05-25Industriya

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