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Almost two years after its spectacular blow-up, Three Arrows Capital ( 3AC ) co-founder Zhu Su has helpfully offered advice to Ethena on how to manage risk. Su’s fund blew up spectacularly in 2022 after aggressively pursuing his ‘supercycle’ thesis. 3AC ghosted creditors and was uncooperative with liquidators, leading to Su’s imprisonment in September after attempting to flee Singapore. Su’s partner in crime Kyle Davies remains unrepentant and intends to avoid jail. Boldly presuming Ethena’s risk managers would want his advice in the first place, Su suggests leveraging up the long side of the trade to keep the ETH ‘funding rate’ high. Rather than simply holding USDe’s staked ETH collateral, he advises using it to borrow more ETH on decentralized finance (DeFi) protocol Aave. The extra funds would then be used to buy perpetual swaps , boosting the demand for leverage and keeping USDe yields up. Ethena needs to borrow eth vs steth in aave, sell spot ethusd + buy perp to d...

Victoria, Seychelles, April 23rd, 2024, Chainwire At this month’s Blockchain Life Dubai conference, Bitget Wallet‘s Chief Operating Officer Alvin Kan joined industry experts from SafePal, Ledger, Trust Wallet, Telegram Wallet, and CoinTelegraph journalists to discuss strategies for building more secure and user-friendly decentralized wallets. The discussion revolved around the comprehensive application of various wallet technologies, including hot wallets, cold wallets, MPC wallets, AA wallets, and multi-signature wallets. Kan emphasized the widespread security vulnerabilities in the Web3 environment, pointing out that every operation carries the risk of privacy leakage. “In order to build a secure wallet platform, a comprehensive and systematic security solution has to be implemented,” he said on the panel at the conference. “This means ensuring that security measures are introduced at every stage of the user’s journey, and a...

Shiba Inu, a prominent meme coin , has been grabbing headlines with its recent price fluctuations. SHIB has positioned itself as a serious contender, engaging in head-to-head competition with the well-known Dogecoin. SHIB began the year trading below $0.000010 and subsequently experienced a rally of over 450%,. It also reached a yearly peak of $0.000045 in mid-February. Despite this increase, the token remains 73% below its all-time high from 2021. This recent price action suggests renewed interest and positive sentiment surrounding the cryptocurrency. At the present trading price of approximately $0.00002703, after a period of consolidation, SHIB seems to be poised for its next potential price movement. Given the considerable volatility in the market, we offer our assessment of the likelihood of SHIB hitting $0.0001 by May. Also read: Cryptocurrency: 3 Coins To Buy Now As Bitcoin Reclaims $65,000 Shiba Inu price prediction for May Shiba Inu’s price currently stands...

In a swift deliberation, jurors in the U.S. District Court for the Southern District of New York delivered a damning verdict against Terraform Labs and Co-Founder Do Kwon . Let’s dissect the critical components of this landmark case. Deception Unveiled: The SEC’s Allegations Today, after a nine-day trial, a jury in the United States District Court for the Southern District of New York found Terraform Labs PTE Ltd. & Do Kwon liable for defrauding investors in crypto asset securities. More: https://t.co/dRtq3ITGMG pic.twitter.com/kwlpKXxv6r — U.S. Securities and Exchange Commission (@SECGov) April 5, 2024 The Securities and Exchange Commission (SEC) accused Terraform Labs and Do Kwon of deceiving investors about the stability of their crypto assets , particularly the algorithmic stablecoin Terra USD. Throughout the trial, SEC attorneys painted a damning picture of Terraform Labs, likening the platform to a “house of cards”...

Ethereum price is moving higher above the $3,120 resistance zone. ETH could start a fresh rally if it clears the $3,280 resistance zone. Ethereum is recovering higher and approaching the $3,280 resistance zone. The price is trading above $3,100 and the 100-hourly Simple Moving Average. There was a break above two connecting bearish trend lines with resistance at $3,070 and $3,150 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it closes above the $3,250 zone. Ethereum Price Regains Strength Ethereum price formed a base above the $2,850 level and started a recovery wave, like Bitcoin. ETH cleared a few key hurdles near $3,000 to enter a positive zone. There was a break above two connecting bearish trend lines with resistance at $3,070 and $3,150 on the hourly chart of ETH/USD. The pair surpassed the 50% Fib retracement level of the downward move from the $3,278 swing high to the $2,867 low. ...

Although the eagerly awaited Bitcoin (BTC) halving event is yet to make significant ripples across the crypto currency industry, some of its assets represent an ideal buying opportunity this week, and some of them are still available under $1 per wholecoin. Taking this into account, Finbold has scoured the crypto sector to discover three digital assets that currently cost less than a dollar apiece but might be among the best investment choices for crypto traders and investors in the week that is currently unfolding. #1 Dogecoin (DOGE) Specifically, the first choice is Dogecoin (DOGE), the doge meme crypto asset that might witness a bullish rally toward $1 in the upcoming weeks, according to renowned crypto expert Ali Martinez, who observed that Dogecoin was consolidating after breaking out from a descending triangle. Picks for you Losing faith in fiat? Central banks' gold accumulation hits historic level 24 mins ago Cronos unveils its Spring Odyssey campaign...

Dogeverse, a hot new meme token, enables users to explore various blockchains in the crypto world, which caught the attention of crypto YouTuber Cilinix Crypto. This new presale has already garnered significant attention, having raised over $8 million since its inception. While this project may seem similar to other dog-themed projects at first glance, with its Shiba Inu breed logo, you’ll soon discover its uniqueness compared to other meme coins. Dogeverse has now raised $8.8 million in presale Dogeverse has now exceeded the $8.8 million target in just a few weeks and is close to reaching another goal of $10.1 million. This strong performance suggests that the next price increase could occur in less than 48 hours, as the current funding tier might close soon. $DOGEVERSE is currently priced at $0.0003 and can be bought with Ethereum, USDT, credit card, BNB, MATIC, or AVAX. Alternatively, potential investors can visit our guide on how to buy Dogeverse tokens here. Dogev...

The long-standing and reputable crypto education platform, 99Bitcoins, has successfully raised more than $500K through its 99BTC token presale. For the past decade, 99Bitcoins has dedicated itself to educating individuals about cryptocurrencies, covering topics ranging from Bitcoin to other prominent digital assets. Now, it intends to continue this mission with its new token, positioned as the pioneering ‘Learn-To-Earn’ (L2E) crypto initiative. The team emphasizes its dedication to rewarding learning by offering $99BTC incentives to course completers. These rewards include access to exclusive premium content, discounts on partner offerings, membership in VIP communities, trading signals, and special token holder events. The platform’s full launch is slated for 2025, accompanied by expanded content and strategic partnerships aimed at fostering growth and enhancing connectivity within the industry. Additionally, the platform will enable users to earn passive rewards t...

Michael Saylor, the founder of MicroStrategy (NASDAQ: MSTR) and a prominent Bitcoin (BTC) advocate, has offloaded 400,000 shares of his company’s stock since the start of the year. The sales, netting Saylor approximately $370 million, were executed under a 10b5-1 trading plan established last year. This strategic move reflects a proactive approach to asset management as MicroStrategy’s shares and Bitcoin holdings continue to draw significant market attention. Stock sales and strategic growth Since announcing a strategic pivot to Bitcoin in mid-2020, MicroStrategy has seen its market cap swell to $21.3 billion, largely due to its aggressive acquisition of over 214,000 Bitcoins. This bold move has not only redefined the company’s business model but has also significantly influenced its stock performance, with a 91% increase this year alone after a stellar 346% gain the previous year. Picks for you Insider tips: Earnings season strategies that can’t fail! 23...

The crypto market, including the memecoin and non-fungible token market, has gained massive traction following the highly anticipated Bitcoin halving event scheduled later this weekend. The crypto market hype has pushed many individual investors, businesses and institutions to invest in digital assets that they speculate might generate significant gains post-halving. Data compiled by CryptoSlam.io, an on-chain market aggregator, indicates that the number of investors buying and selling non-fungible token collections has largely increased this week. In the past seven days, the global NFT market has seen more than half a million collectors buying NFTs, representing a 91% rise from the past week. During this period, the number of collectors selling their non-fungible token collections has risen above 200,000, representing an 88% surge from the past week. The combination of NFT selling and NFT buying has pushed the number of NFT transactions to nearly 2 million, representing a 7% surge ...

Grayscale said that crypto ETF (exchange-traded fund) products for digital assets besides Bitcoin (BTC) and Ethereum (ETH) will be approved in the next two to three years in the US. “We’ve already proven that we can do it with Bitcoin [and] we’re having a really fruitful conversation around Ethereum,” said head of ETFs (exchange-traded funds) David LaValle in a roundtable discussion in April 17. He added that he was “100%” confident about such an outcome within a two to three-year timeframe.  The launch of spot Bitcoin ETFs in the US has forced the conversation such that advisors and financial professionals must now have an opinion on the investment vehicles, he said, adding that more wealth managers are considering adding Bitcoin ETFs to their clients’ portfolios. Industry Giants Bullish On More Crypto ETF Products Receiving Approval Hosted by the New York Stock Exchange and moderated by The ETF Store president Nate Geraci, the ro...

The non-fungible token market has showcased notable growth this week following the resurgence of Bitcoin-based NFTs, such as Runestones Ordinals and BRC-20 NFT collections. Bitcoin NFTs are slated to gain more traction amid this Bitcoin halving period. In this article, we have listed some of the top-selling NFT collections this week. 1. Bitcoin Ordinals ‘Runestones And More’ Bitcoin Ordinals, a non-fungible token collection created on the Bitcoin network using Satoshi Nakamoto’s ordinal theory and comprises the most-hyped collection like Runestones, is this week’s most-selling NFT collection. In the past 24 hours, the Bitcoin ordinal collection has amassed a trading sales volume of $5.3 million, representing a 19% spike from the previous day. 2. $ WZRD BRC-20 NFT Collection $WZRD, a non-fungible token collection created on the Bitcoin blockchain network using the BRC-20 protocol, is this week’s second most-selling NFT collection. In the past 24 hours, t...

The Rollbit Coin price pumped over 3% in the last 24 hours to trade at $0.1017 as of 7:30 a.m. EST as investors begin to re-accumulate the altcoin. RLB still has some work to do if it wants to flip its longer-term performances into the green as well. After plunging more than 15% during the last week, the crypto’s plunged 4% in the past month.  The Rollbit Coin Price Is Approaching Resistance 4-hour chart for RLB/USDT (Source: TradingView ) The Rollbit Coin price has been in a consolidation phase between $0.0973333659 and $0.1041903945 over the past couple of days. This sideways trading could soon be followed by a strong price movement. Should this potential move be towards the upside, RLB might attempt to flip the $0.1041903945 barrier into support. A 4-hour candle close above this mark could then give the altcoin the foundation needed to rise to the subsequent mark at $0.1119963223 in the following 24-48 hours. Conversely, the Rollbit Coin price breaking down could se...

Apr 17, 2024 at 06:42 // Price Author Coin Idol The price of Solana (SOL) is in a downtrend after failing twice at the $210 threshold. Price Analysis by Coinidol.com. Long-term forecast for the  Solana price: bearish The cryptocurrency fell to a low of $115 before recovering. Bearish momentum tested the breakout level before correcting higher. Solana is currently trading above the $130 level and below the moving average lines or resistance at $180. If the breakout level of support at $126 holds, Solana will be forced to move sideways. However,...