Markets

As part of the partnership, the LayerZero Labs to connect Onyx with a permissioned Avalanche Evergreen Subnet, enabling seamless subscriptions and redemptions for funds offered by WisdomTree Prime. As the altcoin market buzzes with strong activity, Avalanche’s native cryptocurrency AVAX has registered a staggering 25% gain in the last 24 hours, with its price surpassing $22.57. The latest AVAX price rally comes on the backdrop of strong developments within the Avalanche ecosystem. In a...

EOS price is eyeing a fresh increase from the $0.658 support against the US Dollar. The price is now trading above $0.700 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.6995 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to rise toward the $0.765 and $0.780 resistance levels. EOS price is recovering above $0.700 against the US Dollar, like Bitcoin. The price...

Litecoin started a steady increase above $72.00 against the US Dollar. LTC price is now trading above $72.00 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $70.10 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could gain bullish momentum if it clears the $74.80 and $75.00 resistance levels. Litecoin price is recovering from the $68.00 zone against the US Dollar, like Bitcoin. LTC...

TL;DR Shiba Inu and Manny Pacquiao Partnership: Shiba Inu announced a collaboration with boxing legend Manny Pacquiao, coinciding with the release of The Shib Magazine’s second edition and a 3,000 NFT giveaway. Pacquiao’s Boxing Achievements: Manny Pacquiao is celebrated for winning 62 of 72 professional matches and being the first boxer to win lineal championships in five weight divisions, with titles in four decades. SHIB’s Recent Market Performance: SHIB has seen a 20%...

The crypto industry needs a lot more work before it can go truly global. There are some positive steps that it is taking, and one of the major requirements is the integration of the pivotal realm of Decentralized Finance (DeFi) with traditional financial markets, which could lead to a substantial flow of capital in both directions. Such a system would be mutually beneficial for all parties involved and serve as a significant catalyst for the future of finance. Xeta Genesis is...

TL;DR New Cryptocurrencies on Binance Japan: Binance Japan adds 13 new digital assets, including NEAR, IMX, and MANA, expanding its total offerings to 47, with future plans to reach 100. Market Response to Announcement: The addition of these cryptocurrencies led to a positive market response, with notable gains in NEAR, KLAY, and OP. Binance’s Strategic Re-entry into Japan: Binance re-enters the Japanese market after acquiring Sakura Exchange BitCoin, aiming to leverage...

According to Samsung, developers can benefit from an interactive interface offered by the “Gauss Code” that supports code description and test case generation functions to build corporate applications tailored to their needs.  Samsung Electronics, one of the leading global electronics companies based in South Korea, is expanding its foothold into the artificial intelligence market with the launch of its own chatbot dubbed Samsung Gauss. The company announced the launch of the new AI...

A number of reputable investors participated in the Series E funding round, among them there were Lakestar, Lightspeed Venture Partners, Coinbase Ventures, and Baillie Gifford. Blockchain.com, a leading cryptocurrency exchange and wallet provider, recently raised $110 million in a Series E equity financing round that was led by UK-based Kingsway Capital. The latest investment comes despite the firm’s valuation falling below half of its previous $14 billion figure that it had earlier this...

Despite the market slowdown, OpenAI continues with aggressive hiring by strategically leveraging the growing interest in AI technology. OpenAI is said to be presenting substantial compensation packages, reaching as high as $10 million, to entice top researchers away from Google, as per a report from The Information. This marks OpenAI’s ongoing efforts to recruit talent from Google’s ranks, with a focus on senior researchers in Google’s AI teams. The proposed annual compensation, largely...

Nexo’s futures markets aren’t targeted at high-leverage traders of existing perps exchanges. Rather, they’re designed for Nexo’s existing customer base, as well as users of other exchanges who’ve yet to experiment with leveraged products. Crypto exchange Nexo has expanded its core products with the introduction of futures trading. The exchange now allows its users to trade more than 70 assets with leverage. Nexo’s futures markets have been designed for users who may have no previous...