The recovery plan for Terraform Labs’ stablecoin TerraUSD (UST) and its native token Terra (LUNA) embarked on a bumpy route after the LUNA 2.0 cryptocurrency suffered a substantial market fall hours after its launch. TerraForm Labs successfully delivered new LUNA coins to market participants holding LUNA Classic (LUNAC) and TerraUSD (UST). According to data from …
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Bitcoin has been trading in the green over the past 24 hours as traditional markets see an overall recovery. The number one crypto by market cap experienced an increase in selling pressure over the past month as macro-economic conditions favored a decline in risk-on assets. Related Reading | Bitcoin On-Chain Data Signals A Long Squeeze Brewing …
Continue reading “Bitcoin Breaks $30K, But Could Price Entrap Late Longs?”
On-chain data shows the Bitcoin open interest is sharply rising, a sign that a long squeeze may be brewing in the crypto futures market. Bitcoin Open Interest Has Observed Rise Recently, While Funding Rates Remain Positive As pointed out by an analyst in a CryptoQuant post, the futures market may be heading towards a long …
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The web3 arm of Nike, RTFKT, has added dotswoosh.eth to its list, making it the 10th Ethereum Name Service (ENS) domain the firm owns. According to reports, the deal was reportedly worth 19.72 ETH ($35,000). While Nike didn’t say how it wants to use the new domain, some rumors on social media noted that Nike …
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Binance partnered with Primavera Sound Festival in 2022. The Primavera Sound Foundation will host the festival, which will take place in cities namely, Barcelona, Spain, and Porto, Portugal in June 2022, and will feature a world-class roster of music, culture, and knowledge opportunities. Whatever city you choose, Binance will be demonstrating the latest in blockchain …
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A crypto analyst who called Bitcoin’s meltdown below $30,000 is issuing a fresh warning to traders, and says today’s market rally is likely a bull trap. The pseudonymous analyst known as Crypto Capo tells his 321,000 Twitter subscribers that he still expects sizable price drops for altcoins and BTC in the short term. pic.twitter.com/dV7lzFSUba — …
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The embattled nation of Russia is reportedly considering the use of crypto assets for international payments. According to a new report by Interfax, the country’s Ministry of Finance is mulling over the possibility of using digital assets for cross-border settlements as Russia currently has limited access to traditional payment systems due to the sanctions placed …
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Bear markets are typically marked by a capitulation event where discouraged investors finally abandon their positions and asset prices either consolidate as inflows to the sector taper off or a bottoming process begins. According to a recent report from Glassnode, Bitcoin hodlers are now “the only ones left” and they appear to be “doubling down …
Since 2016, Argentina has been engaged in a war against inflation. Caused by multiple factors, like a lack of trust in the central bank or government overspending, the depreciation of the Argentinean peso has negatively impacted citizens’ purchasing power. This has brought 37.3% of the population under the poverty line, and many others have had …
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👋 Want to work with us? CryptoSlate is hiring for a handful of positions! After a rocky start, the new LUNA token is up over 40% on May 30. It hit $30 before crashing to a low of $3.5 on its first day of trading, and now the token is making another run ahead of …
Continue reading “LUNA 2.0 jumps 75% in 24hrs ahead of Binance listing”
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The recent LUNA crash calls for the need for clear, consistent, and iterative audits for all crypto assets, especially stablecoins, according to Wall Street Blockchain Alliance advisory board chair Sean Stein Smith. Specifically, the spectacular failure of the Terra stablecoin, alongside …
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Bitcoin (BTC) dominance continues to break through local highs, reaching 46.5%, while Bitcoin closed its ninth weekly red candle in a row. Dominance is a measure of Bitcoin’s share of the global crypto market cap. Source: Bitcoin Dominance on TradingView Until …
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Federal Reserve governor Christopher Waller has detailed he is ready to get behind 50 bps rate hikes until the extreme inflationary pressures plaguing the U.S. economy subsides. Waller stressed that until inflation is reduced he doesn’t “see the point of stopping” 50 bps rate hikes. Furthermore, statistics from the U.S. Bureau of Economic Analysis show …
This week the Tron blockchain has become the third-largest network in terms of total value locked (TVL) in decentralized finance (defi) protocols. Interestingly, 48.19% of the TVL is held by the defi protocol Justlend, an application that’s similar to Anchor Protocol as it offers more than 20% APY for USDD deposits. Amid Tron’s TVL rising, …
It’s been two days since the Terra development team launched the new Phoenix-1 blockchain with the network’s native token LUNA. While the token dropped significantly in value during the first day of trading, the new LUNA has jumped 8.8% in value during the last 24 hours. Amid the token’s 24-hour rise, controversy continues to plague …
