Lưu trữ cho từ khóa: CryptoCurrency

DeFi

Livepeer price surges 17%, profit-taking increases

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Livepeer price surges 17%, profit-taking increases

Livepeer (LPT) has emerged as the top gainer among the top 100 cryptocurrencies with the recent price rally. However, profit-taking could mean a sharp U-turn.

LPT is up by 17.7% in the past 24 hours and is trading at .5 at the time of writing. The asset briefly touched an intraday high of .16 earlier today. Livepeer’s price rally helped its market cap surpass the 0 million mark, making its way to the leading 100 cryptocurrencies list — currently sitting on the 95th spot.

LPT price, RSI and exchange activity – June 13 | Source: Santiment

Moreover, the daily trading volume of Livepeer increased by 108%, reaching 0 million.

Livepeer was launched in 2017 as the first decentralized and open-source live video streaming platform. Its native token plunged to an all-time low of .42 in March 2020. However, the 2021 bull run brought LPT to an all-time high of 0.24 on Nov. 9, 2021.

According to data provided by Santiment, the LPT exchange inflow increased by 115% over the past 24 hours — rising from 60,638 tokens to 130,250 LPT coins. The heightened inflows show that some investors, including whales, are aiming for short-term profits.

Data from the market intelligence platform shows that the Livepeer exchange outflow surged by 42% in the past 24 hours — rising from 74,984 coins to 106,630 tokens. This movement shows that some holders are aiming for long-term investments.

Per Santiment, the LPT relative strength index (RSI) rose from 48 to 61 over the past day. The indicator shows that Livepeer is slightly overbought at this point.

Consequently, LPT could potentially witness high price volatility due to the increased trading volume, exchange inflows and RSI.

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Theo Crypto News

Công nghệ

Chromia launches incentivized testnet with 250,000 CHR reward pool

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Chromia, a Layer-1 relational blockchain platform, has launched an incentivized testnet that will offer a reward pool of 250,000 CHR tokens.

Users and developers will test Chromia’s capabilities across multiple verticals, including gaming, real-world assets (RWAs), digital collectibles and sports.

Chromia’s testnet

Testnet users can interact with decentralized applications (dApps) and Chromia’s official wallet, and earn the native CHR tokens ahead of the platform’s mainnet launch.

According to a press release, the testing program will encompass three distinct initiatives, each of which comes with a dedicated network run on Chromia’s mainnet candidate release.

“Ahead of the mainnet release, this is an opportunity to showcase the robustness and reliability of our technology, while also giving our loyal community the chance to contribute to shaping the future of the Chromia ecosystem,” Alex Mizrahi, co-founder of Chromia, said in a statement.  

Chromia testnet initiatives

Chromia’s first two testnet initiatives are HackNet and ProjectNet, and QuestNet.

Hacknet offers an opportunity to coders and other technically-minded users. These users will help assess Chromia’s core software as well as provide feedback on edge cases. This program runs for the next two weeks and will offer up 100,000 CHR in rewards.

The team expected HackNet to conclude on June 28, coinciding with the end of a third-party audit for Trail of Bits. This should allow Chromia to evaluate feedback from the community and help put into place a timeline for the mainnet launch.

ProjectNet, on the other hand, is for developers building on Chromia with Rell. Chromia will accept developer submissions for decentralized applications (dApps) until July 26, 2024. The reward pool for this category is 50,000 CHR, with the prize shared between the top 3 projects.

QuestNet, which launches on June 18, targets at incentivizing everyday users. 

The initiative will focus on delivering a user-friendly dashboard with users able to seamlessly interact with dApps and network features such as the Chromia Vault.

QuestNet has a prize pool of 100,000 CHR

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Theo Crypto News

DeFi

Hawaii’s Kauai Police warn of crypto scammers extorting fines as law enforcement

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Law enforcement authorities in Hawaii’s Kauai island have issued a warning about scammers posing as law enforcement to defraud cryptocurrency users.

According to the recent alert, the scammers employ deceptive tactics, calling the victims and falsely claiming they have an arrest warrant issued against them. 

The victims are then intimidated by the threat of an arrest unless they pay a fine in cryptocurrency. 

“Any such calls should be treated with suspicion. Refrain from disclosing your credit card details or any personal financial information,” said Kauai Police Assistant Chief Kalani Ke.

To convince the victims, scammers even alter the caller ID and manipulate the number that is displayed on the victim’s phone. With the spoofed numbers, victims are misled into believing that the call came from a government agency, even though it did not.

Scammers also employ real information about the victims to appear credible.

Details regarding how the numbers are spoofed or how they acquire information about the victims haven’t been disclosed.

The police department has emphasized that law enforcement agencies never demand any sort of payment over a phone call.

To mitigate such scams, Kauai police have urged locals to avoid answering calls from unknown numbers. They have also asked not to share any sensitive personal information.

“If they say they have the information and just need you to confirm it, don’t hang on, hang up,” the alert stated.

Further, the authorities have stressed that a fine isn’t issued unless an individual has appeared in court, where government-imposed fines cannot be paid in cryptocurrency.

“It’s crucial to report such incidents to the Kaua‘i Police Department and remember that law enforcement agencies will never call you to demand payment of any kind,” Chief Kalan added.

The warning comes as Hawaii is making some changes to its cryptocurrency sector. The Department of Commerce and Consumer Affairs of the Island state has decided that crypto businesses don’t have to comply with the state’s money transmitter laws.

As such, cryptocurrency businesses currently operate as unregulated businesses. However, they are required to abide by federal regulations such as those from the Financial Crimes Enforcement Network and the Securities and Exchange Commission.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

Bitcoin

Average fees on Arbitrum rise 97%, daily transactions increase

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The average fees on the largest layer-2 (L2) blockchain, Arbitrum, witnessed a massive increase as the daily on-chain transactions surged.

Arbitrum is currently the largest L2 network with a TVL of .97 billion. 

According to data provided by Dune, the daily average fees on Arbitrum rallied by 97.8% earlier today, reaching .015 per transaction. Moreover, the average fees took a sharp decline, currently hovering at .007.

Daily average fees on Arbitrum | Source: Dune

Data shows that the rise in Arbitrum’s average fees comes as the number of daily on-chain transactions on the L2 network surged from 1.7 million to 2.3 million daily transactions on June 11.

At this point, Zora Network is the cheapest L2 blockchain with a daily average transaction fee of .0029, according to data from Dune. Scroll network is currently the most expensive among the leading L2 platforms with an average fee of .108.

The native token of Arbitrum, ARB, declined by 0.33% in the past 24 hours and is trading at .94 at the time of writing. The asset’s market cap is slightly over the .7 billion mark, making it the 38th-largest cryptocurrency.

On June 9, Arbitrum announced an initiative called the Gaming Catalyst Program to give out 225 million ARB tokens, worth roughly 5 million, to game developers in the web3 scene. 

On April 25, Arbitrum, Optimism, Polygon, StarkWare, and zkSync integrated Avail’s data availability layer to help developers build cost-effective, scalable and composable blockchain networks.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

Bitcoin

BTC ETF outflows reach $200m ahead of crucial Fed inflation data

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Bitcoin (BTC) exchange-traded funds (ETFs) in the U.S. have recorded their second consecutive day of net outflows ahead of the Fed’s FOMC meeting and key U.S. inflation data out Wednesday.

According to data provided by Farside Investors, BTC ETFs in the U.S. saw 0.4 million in net outflows on June 11. Most of the outflows come from Grayscale Bitcoin Trust (GTBC) and ARK 21Shares Bitcoin ETF (ARKB), amounting to 1 million and .5 million, respectively.

Following the recent outflows, the total amount of net outflows from the GBTC spot Bitcoin ETF has surpassed the billion mark, per Farside Investors’ data. 

Moreover, the Bitwise Bitcoin ETF (BITB), Fidelity Wise Origin Bitcoin Fund (FBTC) and VanEck Bitcoin Trust (HODL) recorded .7 million, .4 million and .8 million in net outflows, respectively.

Other spot Bitcoin ETFs, including BlackRock’s iShares Bitcoin Trust (IBIT), remain neutral.

On June 10, spot Bitcoin ETFs recorded their first day of net outflows after four weeks of constant inflows — reaching .9 million. 

The leading cryptocurrency, Bitcoin, also briefly plunged to the ,000 mark as investors have been trying to minimize their investment risks. However, crypto trader and analyst, known as Max on X, says “we’ve seen this before” — pointing out the downward momentum before the U.S. CPI data release. 

It’s important to note that the U.S. inflation data is scheduled to be released today, at 12:30 UTC, and typically a decline in the U.S. inflation rate means bullish winds for crypto.

According to Santiment’s X post, experts expect a 3.4% year-over-year (YoY) increase in the country’s inflation between May 2023 and 2024. 

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

DeFi

Analyst projects steeper Ethereum dips if futures market trend does not improve

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As Ethereum (ETH) retests the ,500 low amid the market-wide drop, CryptoQuant analyst ShayanBTC suggests the asset could face further declines if current trends in the futures market do not improve.

The recent market turbulence has driven multiple altcoins to their lowest levels in weeks. Notably, Ethereum recently slumped to the lower spectrum of the ,500 threshold for the first time in over three weeks, retesting the ,503 low earlier today. 

Amid the bearish conditions, investor anxiety has returned. Data from the futures market indicates that market participants have turned bearish, betting on steeper declines and a sustenance of the turbulence. 

In a recent analysis, ShayanBTC called attention to the Taker Buy Sell Ratio, which measures the aggressiveness of buyers versus sellers in the futures market. A ratio above one indicates that buyers are dominating, while a ratio below one suggests that sellers are more aggressive.

According to market data, the seven-day moving average of this ratio has been dropping recently, failing to climb above one. This downward trend indicates that most futures traders are selling Ethereum aggressively. 

Such behavior could be driven by speculation or profit-taking amid the current market conditions. ShayanBTC argues that the significant decline in this ratio serves as a bearish signal, suggesting that the downward trend in Ethereum’s price could continue if this selling pressure persists.

ETH price – June 11 | Source: Trading View

Meanwhile, despite derivatives volume spiking 131% to a record .8 billion, Ethereum’s long/short ratio, which measures the ratio of long (bullish) to short (bearish) positions, has witnessed a massive drop. This ratio has collapsed to 0.8921, suggesting a dominance of short positions, per Coinglass data.

Ethereum is currently trading at ,537 following a mild recovery from the ,503 floor price recorded earlier this morning. Despite a 3.58% drop today, the crypto asset trades above the 200-day EMA (,945) and 50-day EMA (,381).

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

DeFi

U.S. Federal Trade Commission warns of crypto romance scams

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The United States Federal Trade Commission (FTC) has warned the public of the rise in romance scams that often involve cryptocurrencies.

In a Monday notice, the FTC advised Americans on how they can handle the situation if their online romantic interest is offering them investment advice.

“No one thinks their online love interest is going to scam them, but scammers are good at what they do,” the FTC noted.

Romance scams, often dubbed as pig butchering scams, involve attackers befriending victims under the guise of their potential love interest. Ultimately, the victims are tricked into making fraudulent cryptocurrency investments, and the scammers disappear.

Such scams have become a norm in the cryptocurrency sector. A recent study by the University of Texas revealed that over billion was lost to these schemes in between January 2020 and February 2024.

As such, the advisory, authored by Colleen Tressler of the Division of Consumer and Business Education, delved into the detective tactics employed by bad actors to execute these scams.

According to the FTC, the attackers “establish an emotional connection” to convince victims into believing that they are “experts in cryptocurrency.”

The commission noted these scammers often promise high returns that are possibly risk-free. However, it added that all such investments carry risks and the guarantees on profits are false.

Further, the FTC stressed that these scammers usually do a background check on the victims. This helps them convince the victim and allows them to “say the right things” to gain their trust, “and before you know it, your new friend is talking money,” the FTC added.

The regulator also advised against transferring any funds, be it fiat or crypto, if requested by such parties, “if you think someone you met on social media is a scammer, cut off contact.”

The notice also urged users to file a report with the FTC if affected by such a scam.

Romance scams have made the headlines on several occasions. 

Back in February 2024, a Philadelphia woman lost 0,000 in cryptocurrency to these bad actors. Scammers befriended the woman and pitched a fraudulent crypto trading app, ultimately convincing her to drain her savings.

The growing prominence of these attacks has prompted regulatory intervention from the likes of the Federal Bureau of Investigation (FBI) and the Commodity Futures Trading Commission (CFTC).

The CFTC charged crypto exchange Debiex on Jan. 20, alleging the firm’s insiders of duping its customers by establishing amicable and “intimate” relationships. These individuals were then tricked into opening trading accounts with the exchange.

Debiex allegedly solicited .3 million from five customers.

Meanwhile, the FBI had also issued a warning before the 2023 Valentine’s day about the surge in romance scams. 

In April 2024, the Brooklyn District Attorney’s Office managed to crack down on a similar scam that duped several individuals across the United States. 

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

DeFi

AKT gains 9% as Akash Network unveils future roadmap at decentralized AI event

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Akash Network, a leading player in the decentralized cloud computing sector, has seen its native token, AKT, emerge as one of the top gainers among the top 100 cryptocurrencies,

At the time of writing, AKT is still up 9% in the last 24 hours, trading at around .48 per coin. In the same time frame, the token experienced a daily trading volume of .7 million, up 495%. The crypto asset’s market cap has also climbed to .07 billion, making it the 76th-largest cryptocurrency.

AKT 24-hour price chart | Source: CoinMarketCap

Despite the recent price rally, AKT is still down by 40% from its all-time high of .41 reached on April 8, 2021.

AKT’s price surge comes as Akash Network hosted its inaugural full-day summit, Akash Accelerate, focusing on the expansion of permissionless computing and decentralized AI (DeAI).

The event, held in Austin, TX, gathered hundreds of participants from across the decentralized computing space, spotlighting the network’s growth and its evolving ecosystem of projects, companies, and protocols.

The summit featured key collaborations and presentations that highlighted the capabilities and advantages of using Akash’s Supercloud for high-performance computing.

Prominent institutions like the University of Texas at Austin and leading AI companies such as Nous Research, Brev.dev, and Morpheus participated in the summit, discussing the practical applications of decentralized infrastructures.

The University of Texas at Austin, for example, is leveraging Akash’s decentralized infrastructure to provide researchers with access to high-performance GPUs, which are essential for cutting-edge research in AI, without the limitations and high costs associated with traditional cloud providers.

Further, the event unveiled a roadmap for Akash’s development over the coming years, presented by CEO Greg Osuri.

His keynote addressed the strategic direction and anticipated enhancements to Akash’s platform, which are expected to further improve its infrastructure and solidify its position in the decentralized cloud market.

This announcement has likely contributed to the renewed investor interest and optimism surrounding AKT, as it showcases Akash’s commitment to scaling and improving its services.

AKT’s surge comes at a time when the global cryptocurrency market is experiencing a downturn, with a 3% drop bringing its market cap to .45 trillion.

Bitcoin, the pioneering cryptocurrency, has also experienced a similar drop, currently exchanging hands at ,206.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

DeFi

NOT plunges 15% while the contract owner revoked privileges 

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The TON-based meme coin and clicker game on Telegram, Notcoin (NOT), has emerged as the top loser among the leading 100 cryptocurrencies despite its bullish announcement.

NOT is down by 15% in the past 24 hours and is trading at .016 at the time of writing. The asset’s market cap is currently hovering at .64 billion, making it the 58th-largest cryptocurrency.

NOT price, open interest, funding rate and RSI – June 11 | Source: Santiment

Moreover, Notcoin’s daily trading volume also declined by 14%, reaching the 0 million mark. 

According to an official announcement on X, the owner of the Notcoin smart contract has revoked their ownership. Many users have shown bullish sentiment in the same X thread, calling NOT a “community token.”

At this point, per the X post, no one can add any Notcoins to its circulating and total supply — locking the total supply at 102,701,033,769 NOT.

According to data provided by Santiment, the NOT total open interest dropped from .6 million to .4 million over the past 24 hours. The decline in the asset’s open interest comes as it witnessed over million in liquidations, per Coinglass data. 

Moreover, the total funding rate aggregated by NOT has been sitting close to 0.01% over the past two days. The indicator shows that long-position holders are still slightly dominating short-positioned traders despite the price downturn.

Data from the market intelligence platform shows that the NOT relative strength index (RSI) plunged from 96 on June 2 — when the token reached an all-time high of .028 — to 74 at the reporting time. 

The indicator shows that the heat around NOT has been constantly declining while the token is still overbought. 

Thanks to the declining open interest and RSI, lower price volatility would be expected for Notcoin.

On June 10, the TON-based token recorded a 12% rally after announcing new incentives and a surge in its user base. 

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News