Author: e_cash_top

[ad_1] The decentralized trading platform dYdX Chain has achieved a significant milestone, transitioning from its ‘Beta Stage’ to ‘Full Trading’ as of Nov. 28. The initiation on the dYdX Chain was activated following a dYdX governance vote, showcasing the platform’s focus on decentralized decision-making and community-driven development. Major markets such as BTC-USD, ETH-USD, SOL-USD, and…

[ad_1] Quick Take While the core purpose of stablecoins like USDT, USDC, and TUSD is to equate to $1, an intriguing pattern of fluctuating price movements emerges upon close scrutiny. By employing a 14-day moving average to smooth out the price variations, we discern noticeable disparities in their respective trajectories. USDT, after trading at a…

[ad_1] At the recent GDEC 2023 conference, Ravi Menon, Managing Director of the Monetary Authority of Singapore (MAS), critiqued Bitcoin and similar digital currencies, questioning their viability as a form of money. Menon asserted that private cryptocurrencies, including Bitcoin, have “miserably failed the test of money,” primarily due to their volatility and use as vehicles…

[ad_1] Quick Take The world of financial assets has a well-known pattern: a surge in asset prices prior to expected positive developments or ‘good news,’ followed by a notable slump when the event occurs. This phenomenon, often referred to as ‘buy the rumor, sell the news,’ suggests the interplay of strategic, perhaps institutional, buying and…

[ad_1] Quick Take Coinbase has recorded a remarkable surge in its share price, with a 61% uptick within the past month and a 256% increase on a Year-to-Date (YTD) basis. It stands second within crypto equities only to Grayscale Bitcoin Trust (GBTC), up 267% YTD. YTD Performance: COIN, MSTR, IREN, and GBTC: (Source: Trading View)…

[ad_1] In a recent blog post, Ethereum co-founder Vitalik Buterin presents his views on an ongoing debate around “techno-optimism.” The post was notably sparked by Marc Andreessen’s “Techno-Optimist Manifesto,” which advocates for an enthusiastic embrace of technology, markets, and capitalism as tools to propel humanity toward a brighter future. Andreessen’s manifesto firmly opposes what he…

[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…

[ad_1] Quick Take According to CNBC analyst Carl Quintanilla, a staggering $9.8 billion was spent on Black Friday, reflecting a 7.5% increment from the previous year, suggesting robust consumer behavior. Black Friday Revenue: (Source: Bloomberg, Adobe Analytics) However, a source of concern lies in a parallel trend: many of these purchases appear to be financed…

[ad_1] Quick Take According to recent data analysis from Glassnode, Bitcoin is experiencing the most significant divergence ever witnessed between its long-term holders (LTHs) and short-term holders (STHs). The distinction between LTHs and STHs is based on a 155-day holding period. Those who have held on to Bitcoin for more than 155 days are classified…

[ad_1] In the fast-paced world of crypto, where innovation and adaptability are key, Taipei, Taiwan, is emerging as the new hub for forward-thinking crypto ventures, challenging the traditional dominance of Hong Kong and Singapore. Sora Ventures, led by Jason Fang, stands at the forefront of this shift, opting for Taipei to host its renowned Sora Summit…