Author: cointechies

Ethereum price has declined sharply in recent days after facing significant resistance at $4,000. Ethereum (ETH) traded at $3,340 on Monday as the cryptocurrency stabilized. This was a slight increase from last week’s low of $3,100. Seasonality data suggests that Ethereum price could rise sharply in the first quarter of 2025. According to CoinGlass, ETH has seen positive returns in all but two first quarters since 2017. Its best performance was in 2017 when it rose 518%, followed by 202.1 when it rose 160%. The average first quarter return since 2017 was 92%, making it the best period of the…

AAVE price rebounded for the second straight day, erasing some losses from last week as smart money investors bought in and forex holdings declined. AAVE (AAVE), the largest lending protocol in the crypto industry, climbed to $341 on Monday, December 23, up 25% from last week’s low. This rally pushed the token’s market cap to over $5 billion. The rally was not driven by specific AAVE-related news, but appeared to be related to the broader recovery in DeFi Tokens. Curve DAO Token (CRV) rose 10% while Raydium (RAY) gained 5%. Other leading DeFi tokens such as Chainlink and Lido DAO…

December 23, 2024 – Vilnius, Lithuania BingX, a leading global cryptocurrency exchange, has expanded its fiat deposit options with the launch of SEPA and SEPA Instant Payment services for Euro deposits. By introducing these new fiat payment options, BingX enables free, real-time Euro deposits, further optimizing the trading experience for its growing user base. The SEPA (Single Euro Payments Area) enables BingX users to make seamless euro payments, including transfers and direct debits, across the European Union and several non-EU countries – everything quickly, safely and efficiently. As an extension of the SEPA network, SEPA Instant is the preferred payment…

XRP price has erased some of the gains made in November as the cryptocurrency sell-off continued. Ripple (XRP) fell to $2.14 on Monday, down 26% from its peak this month, meaning it is in a bear market. XRP’s decline came as its social sentiment score and futures open interest continued to decline. According to CoinGlass, open futures positions fell to $1.89 billion on Monday, below the year-to-date high of over $4.29 billion. Ripple’s daily volume has also fallen in recent weeks as its momentum waned. The 24-hour volume was over $10 billion, significantly lower than a few weeks ago. Still,…

Binance Labs and Kraken Ventures led the $10 million Series A funding round for Usual, a decentralized, fiat-backed issuer of real-world asset stablecoins. Usual, the RWA-backed stablecoin issuer that uses its USUAL token to distribute value and ownership, announced the fundraising on December 23rd via X. The protocol said it secured $10 million in the Series A round led by Binance and Kraken’s venture capital divisions Binance Labs and Kraken Ventures. Usual’s fundraising also saw participation from other major VC platforms across the ecosystem, including Galaxy Digital, OKX Ventures, Wintermute, and Amber Group. This milestone was reached by Usual as…

MicroStrategy has extended its weekly Bitcoin buying spree for the seventh consecutive day, cementing its position as the largest corporate Bitcoin holder with nearly $45 billion in assets. MicroStrategy CEO Michael Saylor revealed that the company purchased 5,262 Bitcoin (BTC) for $561 million at an average price of $106,662 before the recent market correction. The Virginia-based software company now holds 444,262 BTC, cementing its lead as the largest institutional Bitcoin holder. With an initial investment of $27.7 billion, MicroStrategy has recorded nearly $15 billion in unrealized profits at the time of writing, despite last week’s downturn in the cryptocurrency market.…

The blockchain developer ecosystem is changing: fewer developers are entering the space and experienced developers are dominating the work, Electric Capital’s research report shows. Blockchain developers are key to the crypto industry. They develop apps and tools that attract users and create value. More users bring more developers, creating a growth cycle. However, despite crypto’s focus on decentralization, the developer market appears to be becoming more centralized, with experienced developers taking the lead, according to Electric Capital’s recent research report. Less active developers The total number of active blockchain developers has plummeted. As of November 2022, there were over 31,000…

AI agent digital concept.getty Remember when chatbots dominated the headlines alongside record-breaking OpenAI? Well, it’s time for a change: AI agents are here and are drastically changing the way we interact in Web3. Unlike chatbots that patiently wait for you to inquire about the next big AI coin or ask if $FARTCOIN is a good investment, AI agents are more like digital assistants that can do things autonomously. You spend shilling tokens, make jokes, and engage with communities on X – all while going about your business. Exciting? Absolutely. But are we facing an AI agent supercycle? When, unsurprisingly, according…

Community Gaming has announced the upcoming launch of Forkast, a game prediction market built on the Ethereum sidechain Ronin. Ronin, the blockchain network developed by Sky Mavis, the creators of Axie Infinity (AXS), also powers other projects such as Pixels. When Forkast goes live, users will be able to make predictions on a variety of topics including gaming, esports, streamers and Web3, according to a press release. from community gaming. The on-chain prediction market is scheduled to launch on January 7, 2025. In a blog post announcing the upcoming launch, the Ronin team said: “This is a significant milestone in…

In a recent blog post, Binance said it released some updates last month based on feedback from its community. According to the post, a total of 2,044 product and feature suggestions were reviewed via the Feature Request & Feedback Board. These updates span Binance Futures, Copy Trading, Binance Square and Binance Loans and are all aimed at improving things for users. Binance added new updates last month | Source: X The Binance Futures platform has launched a new margin asset, BFUSD, which is a yield-producing asset designed to improve trading. BFUSD offers daily USDT rewards simply for holding it in…