Coin overview
MAJORPOINTS
Mapped
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Last price (USDT)
27.44K
24h total (USDT)
338.41K
Total vol (USDT)
2024-08-08 11:00:00 ~ 2024-11-14 06:00:00
Trading time (UTC+0)
-
Delivery time (UTC+0)
Introduction
Major is the first rating game in Telegram. You get the rating for Stars. The more Stars you get — the higher is your rating! Stars can be earned for completing daily tasks, for referrals and for other users' votes for your profile.
Achieving stability through liquidity — Interview with MEXC’s Tracy Jin
Liquidity is vital in all financial markets. It ensures that assets can be bought and sold swiftly without causing significant fluctuations, offering traders predictable, stable pricing. In the crypto market , where volatility is often more pronounced, liquidity plays an even more crucial role. MEXC , a global cryptocurrency exchange, has made liquidity a central focus. Through a combination of robust technology, diverse trading options and strategic partnerships, MEXC ensures high liquidity for a broad range of digital assets. In this interview, Tracy Jin, vice president of MEXC, talks about the exchange’s approach to providing liquidity, the broader trends shaping the crypto market in 2024 and the strategies that help MEXC navigate the industry’s ongoing challenges. Cointelegraph: What is your hot take on the crypto market and trading trends in 2024? Tracy Jin: The 2024 crypto market has evolved differently from previous cycles, not defined by a single event like the “DeFi summer” but by a mix of high-potential narratives and utility-driven assets. This year has seen growing popularity and interest in memecoins, bolstered by the “Trump pump,” which also reinvigorated speculative activity in blue chips and smaller-cap tokens alike. At the same time, sectors like liquid staking tokens and liquid restaking tokens, decentralized physical infrastructures (DePINs) and artificial intelligence are gaining significant traction as traders look beyond speculation to assets that offer Web3 utility and tangible real-world applications. With favorable macro developments, including Bitcoin ( BTC ) and Ether ( ETH ) ETF approvals, global rate cuts and Trump’s electoral victory, the market is experiencing renewed momentum. MEXC is capitalizing on these trends by offering the most extensive selection of tokens, all while ensuring liquidity, security and a seamless experience for both new and seasoned traders to navigate this dynamic landscape. CT: What does it take in the kitchen to run a crypto exchange that offers a smooth experience for users? TJ: To run a crypto exchange that offers a smooth and seamless trading experience, MEXC places users at the center of everything we do. We provide smooth transactions through our high-speed matching engine, which is designed to handle large trading volumes even during peak times, ensuring reliability and efficiency. Security is a top priority — our platform is protected by state-of-the-art protocols and partnerships with industry-leading custodians, ensuring our users’ assets remain safe. Additionally, we continuously adapt to the needs of our users by actively listening to their feedback. This allows us to introduce new features and token listings that reflect the latest market trends, ensuring MEXC remains at the forefront of innovation and continues to be a trusted platform for our global user base. CT: Recent reports state that MEXC is among the crypto market pioneers when it comes to liquidity. Could you explain the importance of liquidity for crypto trading? TJ: Liquidity is crucial for a seamless and efficient trading experience, and at MEXC, we lead the market by offering deep liquidity across a wide range of assets. High liquidity allows users to execute trades instantly at predictable, stable prices, minimizing slippage and ensuring fair value in every transaction. Whether for institutional investors or everyday traders, our robust liquidity enables users to move in and out of positions without impacting market prices. This level of liquidity not only builds confidence in MEXC as a trusted platform but also provides a trading environment that supports both flexibility and security, regardless of market conditions. CT: What are the most crucial elements that contribute to MEXC offering top liquidity? TJ: MEXC’s liquidity is built on three key factors: diverse trading options, advanced technology and strategic partnerships. Our broad selection of over 2,900 spot pairs and more than 500 futures pairs ensures robust market activity across many sectors. We also rely on a high-performance matching engine that processes up to 1.4 million transactions per second, providing stability and efficiency during high-volume periods. Additionally, partnerships with top liquidity providers enable us to keep spreads tight, enhancing trading conditions for our users. Together, these elements allow MEXC to consistently offer deep liquidity across the board. CT: Aside from liquidity, how do you keep the users engaged with your platform? TJ: MEXC keeps users engaged through a combination of low fees, frequent airdrops and innovative features. We offer one of the lowest trading fees in the market, making trading affordable for all users. Our MX Zone provides up to 66% annual percentage yield through airdrop rewards , incentivizing long-term participation. Additionally, we’re known for our broad range of memecoins and high-growth tokens, offering exciting trading options that appeal to a variety of interests. With trading competitions, exclusive listings and community-driven events, we ensure our platform remains active and engaging for a diverse user base. CT: Are there any upcoming campaigns or events that crypto users should be aware of? TJ: MEXC is running an exciting Ferrari giveaway campaign to offer our users the chance to win a Ferrari SF90 Stradale worth up to $500,000, including a total prize pool of 10,000,000 USDT and giving away other cool prizes. This campaign will be live until Dec. 17, 2024, and it allows users to accumulate prizes through trading and other specific activities. Source: MEXC Alongside the Ferrari, additional rewards include trading bonuses and branded merchandise. Designed to celebrate and reward our community, this is one of our largest campaigns yet and highlights MEXC’s commitment to creating memorable experiences for our users. CT: How do you see the future of the crypto market, and how is MEXC preparing for it? TJ: Following the crypto market’s emergence from a prolonged bear market in 2022 and 2023, we’re now moving into a period with more favorable global liquidity conditions and potentially more supportive regulatory environments, especially following the recent US elections. Major narratives like artificial intelligence, decentralized finance (DeFi) and DePIN are already capturing immense attention, hinting that the next growth cycle will prioritize projects with more technology, more degen culture and real utility. To be a leader in this evolving landscape, MEXC is preparing for crypto’s thrilling future by expanding our listings across these emerging sectors to ensure users have early access to high-potential tokens. We’re also enhancing our platform’s infrastructure to deliver more intuitive, secure and robust trading experiences, empowering users to maximize opportunities as the market grows. Beyond new listings, we’re focused on improving user education, streamlined onboarding and dedicated customer support, preparing our users for the many exciting opportunities in the next phase of crypto’s evolution. Learn more about MEXC Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you with all important information that we could obtain in this sponsored article, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice.
Crypto Punks Are Back? Are NFTs Gearing Up For Major Come Back?
Making a stealthy return, NFTs and Crypto Punks are clawing their way back into the spotlight. Once fading after the 2021 crypto frenzy, they’re now poised for a resurgence, boosted by celebrity shout-outs and clever alliances. ( CryptoPunks ) Crypto Punks Back From the Dead With Trump’s NFT Collections President-elect Donald Trump’s recent ventures into the digital asset space are a notable spark in the NFT revival. The self-proclaimed “first crypto president” has not only embraced NFTs but has released collections that have garnered significant attention. Among these is an NFT featuring his mugshot from a 2023 arrest, which intriguingly included perks like access to exclusive events at Mar-a-Lago. Trump’s move has reignited interest in NFTs, positioning them as both collectible items and unique access tokens. • ᴗ • 11/18 pic.twitter.com/LDxlE9pnrx — McDonald's (@McDonalds) November 12, 2024 The revival of CryptoPunks is hard to ignore. Its trading volume skyrocketed by 392%, pulling millions into the market within days. This surge thrust CryptoPunks back into the NFT spotlight, neck and neck, with anime giants like Azuki. On another front, Doodles , an NFT project, is breaking through the mainstream, teaming up with McDonald’s to slap their characters on cups as digital collectibles. This collaboration enhances Doodles’ reach and is a step toward merging classic brands with the digital realm of Web3. DISCOVER: $BEST Token Shatters $250K Milestone: Don’t Miss Hottest Web3 Wallet Launch of 2024 Blur and OpenSea Are Making Moves The NFT marketplace Blur is exploring new fee structures , aiming to capitalize on the growing interest and redirect earnings to its governance token holders. This potential fee shift reflects a strategic adaptation to bolster marketplace sustainability and user engagement amidst fluctuating market conditions. OpenSea, another leading NFT platform, hints at an upcoming airdrop that could potentially reward users with XP points based on their activity. Will this save NFTs entirely? No. However, it means the two biggest marketplaces realize that a Trump presidency could bring about a new resurgence in digital art. EXPLORE: Tether Launches Hadron Platform for Simplified Asset Tokenization: Here Are 3 RWA Tokens You Should Be Eyeing The Road Ahead for NFTs Digital art is staging a comeback that’s more than just a flicker. We’ve yet to see big endorsements for Crypto Punks or NFTs, but that tactic might have been traded for smart partnerships like Doodle X McDonald. NFTs might be setting the stage for a fresh epoch in digital trading. Armed with creativity, real-world applications, and smart partnerships, they could take center stage again. EXPLORE: Italy Scales Back Crypto Tax Hike, Proposing 28% Capital Gains Levy Join The 99Bitcoins News Discord Here For The Latest Market Updates
Matrixport Included Developments That Will Affect Bitcoin in December in Its Weekly Report! Here Are the Details
Matrixport’s latest weekly report highlights a number of positive factors that have supported Bitcoin’s recent strong performance, including sustained inflows into spot Bitcoin ETFs, expectations for a Federal Reserve interest rate cut, and an improving regulatory environment. Matrixport Weekly Report: Bitcoin’s Rally Fueled by Multiple Headwinds Major Developments in December The report identifies three critical events in December that could accelerate enterprise adoption: Dec. 6: MicroStrategy could be added to the S&P 500 Index, potentially increasing the company’s exposure to Bitcoin through its significant BTC holdings. December 10: Microsoft is scheduled to review a Bitcoin investment proposal, which could signal growing institutional interest. December 15: New accounting standards from the Financial Accounting Standards Board (FASB) will come into effect, making Bitcoin more attractive to institutional investors by allowing companies to report their cryptocurrency holdings at fair market value. These events are expected to attract more institutional players and further solidify Bitcoin's position in the financial markets. The report predicts that the global adoption rate of cryptocurrencies will exceed the critical threshold of 8% by 2025. Other potential developments include: Regulatory Environment: A potential Trump presidency in 2025 could lead to a more crypto-friendly regulatory environment in the United States. FTX Asset Recovery: The prospect of $16.5 billion in funds being returned to FTX creditors could inject renewed liquidity into the crypto market. Despite the bullish outlook, the report warns that Bitcoin's Relative Strength Index (RSI) is currently indicating overbought conditions, suggesting the possibility of a short-term price consolidation. Matrixport's analysis highlights the convergence of macroeconomic, regulatory, and institutional factors as the key drivers of Bitcoin's growth. With major events on the horizon, the market is positioned for both potential gains and near-term volatility, and investors are closely monitoring developments in December. *This is not investment advice.
Cardano Defies Recent Market Downturn With a 20% Surge – Here is Why
The cryptocurrency market saw widespread declines today, with many major assets losing ground following recent surges. Bitcoin slipped below $90,000, dipping briefly under $87,000, while Ethereum fell to just almost $3,000. The memecoin market also experienced a dip. In contrast, Cardano’s ADA stood out as one of the few cryptocurrencies defying the downturn. The token surged by 19.5% in the past 24 hours, trading above $0.67 after briefly reaching $0.70 earlier today – its highest price since mid-March. Cardano has surged over 50% in the past week and reached a market cap of around $23.5 billion, with a 24-hour volume of $3.6 billion. READ MORE: Cardano Prepares Major Upgrades That Could Reshape Its Future The rally came as Charles Hoskinson, Cardano’s creator, revealed his involvement in a proposed group tasked with crafting a cryptocurrency regulatory framework under the Trump administration. This announcement sparked renewed interest in ADA, propelling it upward despite broader market declines. In the past 24 hours $8.58 million were liquidated from ADA’s futures markets – $4.86 million in long positions, and $3.72 million in shorts. The 1-day technical analysis from TradingView shows a bullish picture – the summary and moving averages point to “strong buy” at 16 and 14, respectively, while oscillators show “buy” at 2.
Major Company Allocates 60% of Excess Cash to Bitcoin in Bold Treasury Move
Solidion Technology, a Nasdaq-listed battery materials supplier, has announced a bold move to integrate Bitcoin into its corporate treasury strategy. The company revealed that it will dedicate 60% of its excess operational cash towards Bitcoin purchases, reflecting its confidence in the cryptocurrency’s potential as a hedge against inflation and a long-term asset. In addition to this initial allocation, Solidion plans to convert interest earnings from its cash holdings into Bitcoin and purchase more as part of future capital raises. This move is part of a broader trend where more institutions are following the lead of companies like MicroStrategy, embracing Bitcoin as a key component of their financial strategy. READ MORE: Michael Saylor Doubts Bitcoin Will Dip Below $60K, Predicts $100K Milestone by 2025 Vlad Prantsevich, Solidion’s CFO, emphasized the company’s belief in Bitcoin’s transformative role in the global financial system, positioning it not only as a store of value but also as a promising investment. He highlighted that the company’s first Bitcoin purchase marks the beginning of a larger strategy, with plans to continue acquiring the cryptocurrency and evolve the approach as Bitcoin adoption increases across both corporate and sovereign levels.
AxiomNet Launches Major Market Expansion Plan to Deepen Blockchain Application Scenarios
On November 15th, AxiomNet announced the launch of its major market expansion plan, aimed at promoting AI-driven blockchain data solutions to more critical industries and markets, further promoting the application of blockchain worldwide. AxiomNet focuses on providing intelligent data solutions for decentralized finance (DeFi), Internet of Things (IoT), and supply chain management in multiple fields. This market expansion plan will enable AxiomNet to penetrate more regions and industries, providing high-quality, accurate, and real-time data support to enterprises and developers, improving the efficiency and security of blockchain applications.
JASMY Price Pullback Hints at Major Comeback as Crypto Market Awaits Crucial Cross for Altseason to Begin
As Bitcoin (BTC) price continues to hold altseason prepares for its arrival. Analyst says altcoin will only occur once the 3W MACD crosses bearish. Altcoin JASMY’s last pullback hints at a major comeback. Bitcoin continues to hold steady around $88,000 after recently hitting a new all-time high (ATH) of $93,434.36 . This Q4 is lining up to be one of the most bullish so far with Bitcoin having pumped from the $73,000 range to over $93,000 within two weeks alone, fueling strong optimism that six-figure prices may be on the horizon in the coming weeks. Bitcoin Season to Altseason Soon? Many experienced analysts now project that Bitcoin could reach ATHs between $100,000 and $150,000 by the end of Q4, with long-term cycle targets as high as $220,000, $320,000, and even $520,000 as the bull run progresses, potentially into 2025. Currently, the Crypto Fear & Greed Index sits at ‘extreme greed’ with a score of 80. This feature paired with the fact that the recent US Presidential election of pro-crypto candidate Donald Trump and the current trading environment, known as the ‘golden pocket’, further fuels bullish market sentiment. So much so that the expectations for altseason to commence soon have gained rapid momentum. #Altcoins Altcoin season will start as soon as the 3W MACD crosses bearish. Once that happens, you won't see the current prices for a long time. We'll see multiple x's across the board. The market will be in a complete FOMO state for several months. This is just a foretaste. pic.twitter.com/b5PEhuhtcf — 𝕄𝕠𝕦𝕤𝕥𝕒𝕔ⓗ𝕖 🧲 (@el_crypto_prof) November 14, 2024 As we can see from the post above, this analyst expects altseason to start as soon as the 3W MACD crosses bearish. Once that happens, altcoin prices should start to pump rapidly and won’t come back to lower prices for a long time. He expects the market to remain in a FOMO state for several months. Read CRYPTONEWSLAND on google news JASMY Pullback Hints at a Greater Comeback One of the cleanest $JASMY Analyses in this game, and we're not done! Everything since the pullback from $0.0445 looks to have been a strengthening process for higher ⚡️. We're coming with greater… https://t.co/40nxZzXeyi — JAVON⚡️MARKS (@JavonTM1) November 14, 2024 While he states that the current market is just a taste of what is to come, several altcoins have already begun to print bullish indicators on their price charts. As we can see from the post above, JasmyCoin (JASMY) is one such token. The analyst says that everything since the pullback from $0.0445 looks to have been a strengthening process for higher JASMY prices. disclaimer read more Crypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
Ethereum Price at $3,000: Can Support Prevent Further Losses?
Ethereum price started a downside correction below the $3,250 zone. ETH is now consolidating near $3,000 and might attempt a fresh increase. Ethereum started a short-term downside correction below the $3,250 zone. The price is trading above $3,200 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $3,185 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains stable above the $3,000 zone. Ethereum Price Hits Support Ethereum price failed to extend gains above the $3,450 zone and started a downside correction like Bitcoin . ETH declined below the $3,320 and $3,250 support levels. The bears even pushed the price below the $3,120 zone. It tested the $3,000 support zone. A low was formed at $3,031 and the price is now consolidating losses. It might soon test the 23.6% Fib retracement level of the recent decline from the $3,340 swing high to the $3,031 low. Ethereum price is now trading below $3,200 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,120 level. The first major resistance is near the $3,200 level. There is also a connecting bearish trend line forming with resistance at $3,185 on the hourly chart of ETH/USD. The main resistance is now forming near $3,265 or the 76.4% Fib retracement level of the recent decline from the $3,340 swing high to the $3,031 low. Source: ETHUSD on TradingView.com A clear move above the $3,265 resistance might send the price toward the $3,320 resistance. An upside break above the $3,320 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,450 resistance zone. More Losses In ETH? If Ethereum fails to clear the $3,200 resistance, it could continue to move down. Initial support on the downside is near the $3,040 level. The first major support sits near the $3,000 zone. A clear move below the $3,000 support might push the price toward $2,950. Any more losses might send the price toward the $2,880 support level in the near term. The next key support sits at $2,740. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,040 Major Resistance Level – $3,200
XRP Price Rockets Upward: Bulls Poised for More Gains
XRP price is up over 15% and moving higher above the $0.740 support zone. The price could accelerate higher if it clears the $0.8450 resistance zone. XRP price started a strong increase above the $0.720 resistance. The price is now trading above $0.750 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $0.7400 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above the $0.7240 support zone. XRP Price Gains Strength XRP price remained supported above the $0.620 level. It formed a base and started a strong increase above $0.7000. It outperformed Bitcoin and Ethereum in the past two sessions, with a move above the $0.740 resistance. The price even climbed above the $0.850 level before the bears appeared. A high was formed at $0.8989 before there was a pullback. The price dipped below $0.820 and tested $0.720. It tested the 61.8% Fib retracement level of the upward move from the $0.6700 swing low to the $0.8989 high. The price is now trading above $0.750 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $0.740 on the hourly chart of the XRP/USD pair. The trend line is close to the 76.4% Fib retracement level of the upward move from the $0.6700 swing low to the $0.8989 high. On the upside, the price might face resistance near the $0.8450 level. The first major resistance is near the $0.8880 level. The next key resistance could be $0.900. A clear move above the $0.900 resistance might send the price toward the $0.9250 resistance. Source: XRPUSD on TradingView.com Any more gains might send the price toward the $0.9550 resistance or even $0.9620 in the near term. The next major hurdle might be $0.9850. Are Dips Limited? If XRP fails to clear the $0.8450 resistance zone, it could start a downside correction. Initial support on the downside is near the $0.80 level. The next major support is near the $0.7550 level. If there is a downside break and a close below the $0.7550 level, the price might continue to decline toward the $0.740 support in the near term. The next major support sits near the $0.7240 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.8000 and $0.7550. Major Resistance Levels – $0.8450 and $0.8880.
Bitcoin Price Holds The Line: Is Another Surge Possible?
Bitcoin price saw a short-term correction from the $93,450 zone. BTC is now consolidating gains near $87,000 and might attempt another increase in the near term. Bitcoin started a downside correction from the $93,450 zone. The price is trading above $87,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $90,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $87,000 zone. Bitcoin Price Starts Downside Correction Bitcoin price attempted more gains above the $93,000 level. BTC traded to a new all-time high at $93,435 and recently started a short-term downside correction. There was a minor decline below the $90,000 level. The price even dipped below the $88,000 level. A low was formed at $86,621 and the price is now consolidating. It is slowly moving higher and trading near the 23.6% Fib retracement level of the downward move from the $93,435 swing high to the $86,621 low. Bitcoin price is now trading above $87,000 and the 100 hourly Simple moving average . On the upside, the price could face resistance near the $90,000 level. There is also a connecting bearish trend line forming with resistance at $90,000 on the hourly chart of the BTC/USD pair. The trend line is close to the 50% Fib retracement level of the downward move from the $93,435 swing high to the $86,621 low. The first key resistance is near the $90,850 level. A clear move above the $90,850 resistance might send the price higher. Source: BTCUSD on TradingView.com The next key resistance could be $91,500. A close above the $91,500 resistance might initiate more gains. In the stated case, the price could rise and test the $93,450 resistance level. Any more gains might send the price toward the $95,000 resistance level. More Downsides In BTC? If Bitcoin fails to rise above the $90,000 resistance zone, it could start a downside correction. Immediate support on the downside is near the $87,150 level. The first major support is near the $86,500 level. The next support is now near the $85,280 zone. Any more losses might send the price toward the $82,500 support in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 80 level. Major Support Levels – $87,150, followed by $86,500. Major Resistance Levels – $90,000, and $91,500.
Major Win for Elon Musk in $258 Billion Dogecoin Market Manipulation Lawsuit
The major lawsuit against the future leader of the Department of Government Efficiency (D.O.G.E) will end soon, at least according to the most recent filings by both sides’ lawyers. Those representing the investors who sought a $258 billion payout withdrew their appeal from an earlier ruling by Judge Hellerstein, who sided with Tesla’s CEO in August 2024. Recall that the lawsuit was initiated in July 2022 after the conclusion of the 2021 bull market. It alleged Musk of illegally interfering with DOGE’s price, especially during an appearance on NBC’s Saturday Night Live where he praised the asset, but also via his many tweets on the matter. Most of those interactions resulted in immediate price increases for the OG meme coin, including tapping an all-time high of over $0.73 before the SNL show. Plaintiff Keith Johnson filed the federal lawsuit in Lower Manhattan, requesting $86 billion in damages from Tesla’s chief exec, and also $172 billion for losses incurred on DOGE trades since 2019. Musk won a dismissal of the market manipulation case in late August this year, which the plaintiff’s lawyers appealed. However, they have withdrawn that appeal, according to a Thursday filing reported by Reuters earlier today. In response, Musk and Tesla withdrew their motion to sanction the investors’ lawyers for pursuing a “frivolous” case to “extort a quick handout.” US District Judge Alvin Hellerstein will have to approve both requests now before the case is officially concluded. Dogecoin’s price skyrocketed after Donald Trump’s win in the 2024 US presidential elections, perhaps due to the aforementioned relationship between the meme coin and the future D.O.G.E leader. It more than doubled its valuation within a month and soared to $0.44. However, it has lost traction since then and is down to $0.36 as of writing these lines.
[Initial Listing] Bitget Will List Major(MAJOR) in the Innovation and TON Ecosystem Zone!
We are thrilled to announce that Major(MAJOR) will be listed in the Innovation and TON Ecosystem Zone. Check out the details below: Deposit Available: TBD Trading Available: 28 November 2024, 12:00 (UTC) Withdrawal Available: 29 November 2024, 13:00 (UTC) Spot Trading Link: MAJOR/USDT Introduction Major is the first rating game in Telegram. You get the rating for Stars. The more Stars you get — the higher is your rating! Stars can be earned for completing daily tasks, for referrals and for other users' votes for your profile. X | Telegram How to Buy MAJOR on Bitget MAJOR to FIAT Calculator Fee Schedule: MAJOR Price Market Data: MAJOR 7-Days Limited-time Buy Crypto Offer: Buy MAJOR with your credit/debit cards at 0% fee with 140+ Currencies, EUR, GBP, AUD, TWD, UZS, UAH, TRY, THB, BRL, PLN, IDR, PHP and CAD etc. Disclaimer Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users are strongly advised to do their research as they invest at their own risk. Thank you for supporting Bitget! Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
Cardano Prepares Major Upgrades That Could Reshape Its Future
Excitement is building within the Cardano community as the highly anticipated Chang 2 hard fork arrives with two significant upgrades. Intersect, a Cardano ecosystem organization, recently revealed this week’s updates: a preproduction hard fork governance measure and a new governance update for the Daedalus wallet. The preproduction hard fork is a critical step, introducing protocol version 10.0 and bringing a more complete governance model to the PreProd environment. According to Intersect, feedback from the first Chang upgrade highlighted the need for extended preproduction testing before proceeding with the mainnet hard fork. The recent governance action seeks to address this by incorporating the updated PlutusV3 cost model, allowing new Plutus functions to be activated post-hardfork. For the change to go live on-chain, support from Stake Pool Operators (SPOs) and Intersect members (ICC) is essential. READ MORE: Blockchain Project Partners with Google Cloud to Strengthen Web3 Innovation The Daedalus wallet update is the second major development. With version 7.0.0, users can delegate their voting authority to designated representatives (DReps) or use an automatic voting feature, broadening community involvement in Cardano’s governance. SHARE: 0 SHARES
XRP Price Gains Steadily with Swings: Can It Maintain Momentum?
XRP price is slowly moving higher above the $0.6320 support zone. The price tested the $0.7450 zone and is currently correcting gains. XRP price started a decent increase above the $0.6320 resistance. The price is now trading above $0.6450 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $0.6280 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above the $0.6160 support zone. XRP Price Eyes More Upsides XRP price remained supported above the $0.600 level. It formed a base and started a fresh increase above $0.6200. It outperformed Bitcoin and Ethereum in the past two sessions, with a move above the $0.6320 resistance. The price even climbed above the $0.7320 level before the bears appeared. A high was formed at $0.7488 before there was a pullback. The price dipped below $0.7200 and tested $0.700. It tested the 50% Fib retracement level of the upward move from the $0.6419 swing low to the $0.7488 high. The price is now trading above $0.6320 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $0.6280 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $0.7220 level. The first major resistance is near the $0.7480 level. The next key resistance could be $0.7550. A clear move above the $0.7550 resistance might send the price toward the $0.7780 resistance. Source: XRPUSD on TradingView.com Any more gains might send the price toward the $0.7950 resistance or even $0.800 in the near term. The next major hurdle might be $0.8220. Another Drop? If XRP fails to clear the $0.7220 resistance zone, it could start another decline. Initial support on the downside is near the $0.6820 level. The next major support is near the $0.6670 level and the 76.4% Fib retracement level of the upward move from the $0.6419 swing low to the $0.7488 high. If there is a downside break and a close below the $0.6670 level, the price might continue to decline toward the $0.6160 support in the near term. The next major support sits near the $0.600 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.6820 and $0.6670. Major Resistance Levels – $0.7220 and $0.7450.
Fireblocks partners with South Korean bank on VAT tokenization
Digital assets platform Fireblocks has signed a Memorandum of Understanding (MoU) with NongHyup Bank, a large South Korean bank specializing in commercial credit and banking services for the agricultural sector. They hope to launch a prototype for tax refunds. Innovative tokenization of taxes Fireblocks and NongHyup Bank will use the Fireblocks Tokenization Engine in a pilot project to refund value-added tax (VAT) and goods and services tax (GST) on purchases at retail outlets. Fireblocks co-founder and CEO Michael Shaulov told Cointelegraph that they are looking to increase transparency and security. He said: “Through tokenization, we can assign unique digital identifiers to assets, allowing for real-time tracking across their lifecycle — from issuance to settlement — without the risk of manual error or fraud.” He added: “This not only reduces operational costs but also ensures a secure, immutable record that strengthens trust between banks and their clients.” VAT is charged at a flat 10% in South Korea. Certain products, such as medical and unprocessed foods, are exempt from the VAT and tourists are exempt from it for all except the smallest of purchases. The fee for VAT return can range from 3% to 6% of an item’s cost. NongHyup Bank and Fireblocks will look for other collaboration opportunities as well. Bank president Lee Seok-yong said in a statement, “This MoU marks a pivotal step for NH Bank as we strive to deliver innovative blockchain-powered services to our customers.” The bank has over 10 million customers. Major South Korean banks have shown an interest in blockchain and digital assets for several years. Related: DeFi’s ‘unknown and unpredictable’ risks curb institutional use — Fireblocks VP Fireblocks expanding beyond custody Fireblocks offers custody solutions and helps blockchain projects securely move, store and issue digital assets. It accommodates wallets, custodians and trading partners on a single platform and claims to have securely transferred over $6 trillion in digital assets Source: Fireblocks The company is branching off in new directions. For example, it began offering derivatives and trading products to institutional and retail investors in a partnership with Coinbase International in June. And it launched a Web3 kit for startups in July. Magazine: South Korea’s unique and amazing crypto universe
Watch Out: Major Cryptocurrency Whales Start Hoarding the Altcoin Recently Listed on Binance
According to data provided by cryptocurrency onchain data tracking service Lookonchain, an altcoin began to attract intense interest from whales after news of its listing on Binance came. The memecoin sudeng (HIPPO) was recently listed on Binance futures, but is not yet listed on the spot market. HIPPO, the largest memecoin on the SUI ecosystem, has become the target of accumulation for three major crypto whales following the listing news. Related News Another Good News for Bitcoin and Cryptocurrencies - BTC-Friendly Name Appointed to a Very Critical Position in the US The first of these whales, consisting of newly created crypto wallets, purchased HIPPO from decentralized crypto exchanges by withdrawing $143,000 worth of SUI via Binance. The other whale similarly withdrew $141,000 worth of SUI and started saving from memecoin. Finally, the third crypto whale purchased HIPPO by withdrawing $101,000 worth of SUI coins to a fresh wallet via Binance. Since HIPPO's market value before the announcement was around $100 million, whale purchases are significant in percentage terms. The HIPPO price has increased by 55% in the last 24 hours. The token is not traded on the spot market on Binance or Coinbase, but can be bought and sold on exchanges such as Kucoin, HTX and Gateio. *This is not investment advice.
Robinhood Re-lists Major Tokens and Expands Crypto Services
Robinhood has re-listed Solana (SOL), Cardano (ADA), and Ripple (XRP), along with adding PEPE to its offerings. This follows the earlier removal of SOL due to the SEC’s security classification. ADA surged by 7%, and PEPE rose by nearly 20% following the announcement. Robinhood’s move reflects possible changes in U.S. crypto regulation, as it aligns with customer demand for more digital assets. In 2023, the platform delisted these tokens in response to SEC lawsuits, but it may be adjusting its approach ahead of potential regulatory shifts post-election. With Donald Trump’s anticipated pro-crypto stance, significant SEC changes could occur in 2025. Crypto has become a major revenue driver for Robinhood, with Q3 2024 trading volumes reaching $14.4 billion. The company is also expanding into Web3, launching crypto transfer services in the EU and exploring political prediction markets. Despite legal challenges, including a $3.9 million settlement in September, Robinhood continues to grow. READ MORE: Coinbase Unveil Pepe Coin Listing, Fueling Major Price Surge Ripple, still in a legal battle with the SEC, filed a cross-appeal last month, contesting the classification of XRP as a security, with continued support from pro-XRP figures like John Deaton.
Trump Nominates Pro-Crypto Pete Hegseth as Secretary of Defense
President-elect Donald Trump has chosen Pete Hegseth, a Fox News co-host and Army veteran, as his pick for Secretary of Defense. Hegseth, known for his strong support of Bitcoin, served in Iraq, Afghanistan, and at Guantanamo Bay, earning two Bronze Stars for his service. He is also the author of the bestseller *The War on Warriors,* which criticizes what he calls “woke” military policies and argues for a return to traditional military values. Hegseth’s background as a soldier and television personality has made him a prominent conservative voice, especially in his support for the crypto industry. Hegseth has spoken openly about the value of Bitcoin, describing it as powerful and independent of government control. “Crypto has arrived. Bitcoin is not a person, it’s not a company, it’s not a place. It’s tougher to stop than you would think,“ he said in a tweet . Following Trump’s recent election win, Bitcoin’s price rose above $80,000, which Hegseth linked to Trump’s pro-crypto approach. in a recent interview with Fox Business, he commented, “Look at Trump, making Bitcoin great again… All it took was signaling to that market that they weren’t going to be overregulated”. Hegseth also shared that while he sold some Bitcoin at a high, he continues to hold a large amount, confident in its future. In a tweet on X , Trump praised Hegseth as a “Warrior for the Troops” and a “true believer in America First,” saying, “With Pete at the helm, America’s enemies are on notice—our military will be great again, and America will never back down”. Some, however, disagree with the choice. Anti-crypto Senator Elizabeth Warren criticized the nomination, saying, “A Fox & Friends Weekend co-host is not qualified to be Secretary of Defense.” Retired Major General Paul Eaton also expressed concern, calling Hegseth “wholly unqualified” for the role. Source: X However, Crypto supporters are hopeful, seeing Hegseth’s nomination as a potential boost for a more open stance toward cryptocurrency in government, possibly leading to more blockchain technology use in federal policies. His background and views could influence the Pentagon’s approach to new technology and the role of crypto in the economy. Follow The Crypto Times on Google News to Stay Updated!
Bitget pre-market trade mapping: MAJOR POINTS (MAJOR) orders to be mapped to Major (MAJOR) orders
We're excited to announce that we will commence the mapping of MAJOR POINTS (MAJOR) pre-market orders to Major (MAJOR) orders. This change follows the Major(MAJOR) project team’s announcement of the tokenomics and total supply. MAJOR POINTS (MAJOR) total supply: 10 billion Major(MAJOR) total supply: 0.1 billion Mapping ratio: MAJOR POINTS (MAJOR) : Major (MAJOR) = 100:1 MAJOR POINTS(MAJOR) pre-market trading end time: November 14, 2024, 06:00 (UTC) Pre-market order mapping period: November 14, 2024, 06:00 – 08:00 (UTC) Major(MAJOR) pre-market trading start time: November 14, 2024, 08:00 (UTC) Major(MAJOR) pre-market trading end time: TBD Major(MAJOR) pre-market delivery time: TBD What is pre-market trading mapping? The mapping does not change the market cap of a token. Initially, 10 billion MAJOR POINTS (MAJOR) were issued by Bitget as stand-in tokens for Major (MAJOR) pre-market trading. Now that the total supply of Major (MAJOR) is confirmed to be 0.1 billion, the mapping ratio is set at 100:1. All filled pre-market trading orders for MAJOR POINTS (MAJOR) will be mapped at a 100:1 ratio to Major(MAJOR) pre-market orders. The order amount and the security deposit will remain unchanged. MAJOR POINTS (MAJOR) pre-market orders will be converted into Major (MAJOR) pre-market orders and delivered along with Major (MAJOR) pre-market orders. After the pre-market trading of MAJOR POINTS (MAJOR) ends, any open orders will be canceled. No action is needed on your part, as the system will automatically handle the mapping process. In reference to the mapping ratio of 100:1, please check the quantities of your orders after the mapping. How are MAJOR POINTS (MAJOR) mapped after the TGE of Major(MAJOR)? After Major(MAJOR) officially launches its tokens, Bitget will convert MAJOR POINTS (MAJOR) to Major(MAJOR) for pre-market delivery based on the actual tokenomics. The order amount filled by users in pre-market trading will remain unchanged, but the quantity and price of the coins will be mapped accordingly. For example, User A sells 5000 MAJOR POINTS (MAJOR) at 0.44 USDT. The order has been filled with a total value of 2200 USDT, and a security deposit of 2200 USDT has been frozen. The 100:1 mapping ratio of Major(MAJOR) does not affect the order value and the security deposit, both of which remain at 2200 USDT. The token delivery quantity will be decreased to 5000 × 1/100 = 50 Major (MAJOR), and the token price will be mapped to 0.44 × 100 = 44 USDT. You can view the original orders in the order history of MAJOR POINTS (MAJOR) pre-market trading. Mapped orders can be found in the order history of Major (MAJOR) pre-market trading. *Note that User A (the seller) must ensure they have an available balance of at least 50 Major (MAJOR) in their spot account before the Major (MAJOR) pre-market delivery. Otherwise, the delivery will fail, and they will be deemed in default. Example User A Filled price Filled quantity Filled amount Security deposit MAJOR POINTS (MAJOR) 0.44 USDT 5000 MAJOR POINTS (MAJOR) 2200 USDT 2200 USDT Major(MAJOR) 44 USDT 50 Major(MAJOR) 2200 USDT 2200 USDT Changes MAJOR POINTS (MAJOR) price × 100 MAJOR POINTS (MAJOR) quantity × 1/100 No change No change Disclaimer Cryptocurrencies are subject to high market risk and volatility, despite their high growth potential. Users are strongly advised to conduct their own research and invest at their own discretion. Thank you for supporting Bitget. Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
Bitcoin Price Steadies at $90K: Is Another Rally in Sight?
Bitcoin price extended gains above $90,000. BTC is now consolidating gains near $90,000 and might attempt another increase in the near term. Bitcoin extended its increase and traded above the $92,000 zone. The price is trading above $87,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $87,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise if it stays above the $85,400 zone. Bitcoin Price Sets Another ATH Bitcoin price started a fresh increase above the $88,000 level. BTC cleared the $90,000 resistance and traded to a new all-time high. It posted a high at $93,435 and is currently consolidating gains. There was a minor decline below the $91,500 level. The price dipped below the 50% Fib retracement level of the upward move from the $85,302 swing low to the $93,435 high. However, the bulls are active near the $88,500 support zone. Bitcoin price is now trading above $87,500 and the 100 hourly Simple moving average . There is also a key bullish trend line forming with support at $87,200 on the hourly chart of the BTC/USD pair. The trend line is close to the 76.4% Fib retracement level of the upward move from the $85,302 swing low to the $93,435 high. Source: BTCUSD on TradingView.com On the upside, the price could face resistance near the $90,500 level. The first key resistance is near the $91,200 level. A clear move above the $91,200 resistance might send the price higher. The next key resistance could be $93,500. A close above the $93,500 resistance might initiate more gains. In the stated case, the price could rise and test the $95,000 resistance level. Any more gains might send the price toward the $100,000 resistance level. More Downsides In BTC? If Bitcoin fails to rise above the $90,500 resistance zone, it could start a downside correction. Immediate support on the downside is near the $88,400 level. The first major support is near the $87,200 level or the trend line. The next support is now near the $85,400 zone. Any more losses might send the price toward the $82,500 support in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 80 level. Major Support Levels – $88,400, followed by $87,200. Major Resistance Levels – $90,500, and $91,200.
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