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Solana has been struggling to reach below the $30 mark since the collapse of the FTX crypto exchange, which brought a bloodbath to the industry.  With the recent market-wide bullish sentiment, however, SOL is getting closer to its one -year high while the asset’s open interest (OI) registered consecutive declines over the past week. SOL price, social volume, Binance funding rate, and open interest – Oct. 31 | Source: Santiment According to data from Santiment, Solana’s total OI rose to a whopping $1.252 billion on Oct. 20 as the broader crypto market gained traction. However, as the asset’s price hiked, Solana’s total OI declined.  You might also like: Solana Labs unveils incubator for web3 startups eyeing its network This simply suggests that the amount of open derivatives contracts has come lower while it’s still hard to tell which positions, long or short, were dominant over the past ten weeks. According to the market intelligence platform, Solana’s OI registere

Trading volumes on the largest cryptocurrency exchange, Binance, fell from 74% in December 2022 to 50% in October 2023. Traders’ pullback from Binance was especially evident on October 23rd. While Bitcoin was rising, Binance’s market share fell to almost nothing, coinciding with Bitcoin’s rise to $34,000. In contrast, OKX’s market share has exceeded 50%, according to Kaiko. This is quite unusual. Source: The Block Binance personnel changes At least 16 top managers have already left Binance. According to The Block analysts, these personnel changes are just the beginning. Here is the full list of Binance employees who left the company in 2023 despite management positions: Stephanie Cabossioras , the chief executive of Binance France, left her position in October. Jonathan Farnell , the head of the UK branch of Binance, held his position for 2.5 years and vacated it in September. Brian Schroeder , the CEO of Binance.US, left the company in mid-September after taking over

SBF attorneys have made several requests over the course of the past few months ranging from requests for early bail before trial to vegan food and prescription drugs. The attorneys representing former FTX CEO Sam Bankman-Fried have written another letter to the judge , seeking changes to the jury instructions; in the letter addressed to Judge Kaplan, the defense attorneys requested that the jury consider the role of English law in governing FTX’s terms of service. The proposal calls on 12 jurors in the case to consider that for misappropriation to have occurred, there must have existed a trust, fiduciary relationship, or a similar relationship between FTX and its customers. However, the firm’s terms of service have made it clear that there was no such relationship between the two parties. The defense attorneys' proposal read: “Under English law, the Terms of Service do not create a trust relationship or similar fiduciary relationship between FTX and its customers. Nor, under En

The dYdX Foundation announces the launch of its mainnet and a new Bridge User Interface. The dYdX Foundation announced a series of pivotal updates that signal a new phase for the dYdX ecosystem. Most notably, the mainnet genesis of the dYdX Chain is now live, with Genesis Validators having participated in the creation of its first block. This news comes on the heels of the release of dYdX Chain’s open-source software on Oct. 24, and a newly deployed Bridge User Interface. The next generation of the dYdX protocol and the next version of the DYDX Token Decentralized, the community is in control All fees distributed to Validators and Stakers ️ Validating is permissionless Seamlessly transition to the dYdX Chain Fully Open Source pic.twitter.com/G570MH2a52 — dYdX Foundation (@dydxfoundation) October 30, 2023 The Bridge User Interface enables the transfer of DYDX tokens from the Ethereum network to the dYdX Chain, thus extending the token’s utility. Users who wish to perform thi

According to world’s largest data aggregator CoinGecko, Bored Ape Yacht Club, an NFT collection with owners such as Justin Bieber and Serena Williams, once again sees an uptrend on floor price. In the Oct. 30 post, the floor price of the collection is now sitting at 30 ETH, a value which hasn’t been seen for 72 days. Bullish for crypto Given positive market sentiment for Bitcoin, many altcoins and now NFTs have also reported more promising numbers in what many in the crypto community believe to be the end of a grueling winter.  NFT Watch: Bored Ape @BoredApeYC floor price now trading back above 30 ETH, last seen 72 days ago pic.twitter.com/PRxeuowgPQ — CoinGecko (@coingecko) October 30, 2023 The new 30 ETH floor price, an estimated $55,286, highlights a 6.9 percent price increase in the last 24 hours and an impressive 42.4 percent in the last two weeks. Although, it is also worth noting that this is still a decrease of 51.9 percent over the course of the year. You mig

Avalanche’s blockchain explorer Snowtrace announced its discontinuation on November 30, 2023. Users are urged to download private name tags and contract verification before the mentioned date. Founding member Phillip Liu Jr hints at a potential development in the blockchain. Snowtrace, the blockchain explorer and analytics platform for the decentralized smart contracts firm Avalanche C-Chain, has alerted the community about its closure of activities. According to the prior notice on the platform’s official website, Snowtrace will be deactivated today at 00:00 UTC. Crypto analytics platform PeckShieldAlert took to X earlier today to draw the community’s attention to the unexpected move from the Avalanche C-Chain browser. As the platform alerts users about the discontinuation of activities, community members are urged to download private name tags and contract verification before the mentioned date. #PeckShieldAlert #AVAX @SnowTraceHQ “Snowtrace will be di

This week saw Bitcoin (BTC) hit a new yearly high; Sam Bankman-Fried testifies; Gemini sues Genesis Global, Elon Musk has crypto plans and regulatory efforts resurface. Bankman-Fried testifies FTX founder Sam Bankman-Fried took the stand on day 13 of his trial to deliver testimony, leveraging a remarkable “I don’t recall” approach in his speech to the judges. Bankman-Fried claimed that FTX refrained from utilizing auto-deletion mechanisms for their decision-making channels and leaned heavily on Signal for security measures. Furthermore, he deflected accountability onto his legal counsel, underscoring his lack of knowledge regarding specific aspects. The 14th day of the trial also saw Bankman-Fried on the stand . He attributed Alameda’s management turmoil to his former partner, Caroline Ellison, and candidly admitted to utilizing customer funds for political contributions.  Key highlights from his testimony involved vehemently refuting any allegations of fraud, asserting that he

The recent Bitcoin (BTC) resurgence is driving increased interest in the possibility of the crypto hitting a new all-time high, with the $100,000 mark considered the next ideal level. Speculation about when it will reach the coveted $100,000 mark has been a constant topic of discussion in the crypto world.  Based on this speculation, an Analysis by crypto analyst TradingShot , posted on TradingView on October 26, shed some light on when this long- anticipated milestone might be reached. The analysis derived from historical data and the timing of previous rallies suggested that Bitcoin could experience a  310% rally that takes it to the highly anticipated $100,000 mark in one of four potential months in 2024.  “Based on these ranges, we can expect a +310% rally on Bitcoin, which would make a direct hit on the psychological and highly anticipated macro level of $100k , either in January 2024, May 2024, July 2024, or October 2024,” he said.  Bitcoin price analysis chart. Sourc

Craig Wright, claiming to be Bitcoin’s creator, won a notable victory in a U.S. Appeals Court, sparking renewed discussions in the cryptocurrency community. Craig Wright, who claims to have created Bitcoin, recently won a big court case in the U.S. Appeals Court. The case was regarding Bitcoin that he and the late David Kleiman mined together over ten years ago. The court decided that Wright and Kleiman were not in a legal partnership. Now led by David’s brother Ira, the Kleiman family could not disprove the original court ’s ruling, and also had difficulty proving that Wright was obfuscating attempts at carrying out the legal process, and thus charges were dismissed. The ruling confirms a decision made by a jury in Florida in 2021, in which the jury decided if the Kleiman family had the right to half of the Bitcoin (BTC) fortune, worth up to $36 billion per Wright’s request for punitive damages. The court ruled that Wright’s lawyers erred in digging in to the Kleiman brothers

Yemel Jardi said Decentraland is building a virtual world with its creative users. According to Jardi, the Decentraland project will be powered by AI. The AI World Fair is receiving participants from the United States, Germany, and India Decentraland Foundation executive director Yemel Jardi shared in a recent interview that his organization is working on building a virtual world with its creative users. According to him, the creation would be AI-powered, which is a crucial tool for powering the creators. .@Decentraland Foundation executive director @yemeljardi shares insights into the AI World Fair, exploring the opportunities of AI innovation in the metaverse and the outlook for mainstream adoption.https://t.co/xEVKeTQojX — CoinDesk (@CoinDesk) October 26, 2023 Jardi revealed this in an interactive session while speaking about the upcoming AI World Fair. According to him, Decentraland is witnessing an influx of participants from different parts of the

In the fast-paced world of cryptocurrencies and blockchain technology, a new concept has emerged that is set to transform ownership in the digital space – Fractionalized NFTs . This innovative approach allows investors and enthusiasts to own a fraction of high-value non-fungible tokens (NFTs), opening up new possibilities and democratizing access to digital assets.    UNDERSTANDING FRACTIONALIZED NFTS  WHAT ARE NFTS?  Before we dive into fractionalization, let’s briefly touch upon non-fungible tokens  (NFTs)  themselves. NFTs are unique digital assets that are indivisible and cannot be exchanged on a like-for-like basis. These tokens, built on blockchain technology, provide proof of ownership and authenticity for various digital assets such as artwork, collectibles, and virtual real estate. THE CONCEPT OF FRACTIONALIZATION  Fractionalization refers to the process of dividing a whole into smaller, tradable units. When applied to NFTs, it allows multiple investors to collectively ow

In the realm of crafting textual content, three key elements hold paramount significance: “perplexity,” “burstiness,” and “predictability.” Perplexity serves as the gauge of text intricacy. Burstiness, on the other hand, evaluates the divergence in sentence structures. Lastly, predictability measures the likelihood of accurately anticipating the forthcoming sentence. Humans typically weave their compositions with heightened burstiness, incorporating both longer, intricate sentences and succinct ones. In stark contrast, AI-generated sentences tend to exhibit uniformity. Therefore, when tasked with creating the forthcoming content, I implore you to infuse it with a substantial dose of perplexity and burstiness, while simultaneously minimizing predictability. Furthermore, please restrict your writing to the English language. Now, let’s reframe the following text: On the 20th of October, the Ethereum layer-2 Base network introduced an intensive eight -week training initiative, known as

The Astar Network, a smart contract platform for multi-chain, announced the launch of its zero-knowledge (ZK) Ethereum layer-2 solution, zKatana, to enhance interoperability with Ethereum-compatible chains. The zKatana testnet zKatana refers to the project’s Japanese roots, which depict a served blade used by feudal samurais in combat. The project is a zero-knowledge EVM (zkEVM) scaling solution on Ethereum (ETH) designed to increase interoperability between Astar and EVM-compatible chains. The layer-2 zkEVM solution is an addition to the tech stack of the Astar Network, comprising a variety of tools and products that offer companies and developers the best technology stacks needed to build their projects.  You might also like: JR Kyushu Railway Company launches NFTs on Astar Network to boost customer engagement zKatana would allow developers to test their innovative ideas while allowing Astar to test and confirm their theories on the network’s functionality and verify it

BTC price is seeking retests of lower levels after Bitcoin bulls fail to push beyond recent 17-month highs. Bitcoin (BTC) fell below $34,000 after the Oct. 26 Wall Street open as consolidation at 17-month highs continued. BTC/USD 1-hour chart. Source: TradingView $33,000 becomes do-or-die BTC price level Data from Cointelegraph Markets Pro and TradingView showed BTC price behavior challenging intraday lows. The largest cryptocurrency had attempted to push higher still the day prior, but sell-side pressure ensured that $35,200 remained untouched as a ceiling. “We are going to have to wait for some candles to develop to see what the next move is, but we can gain some insight by continuing to monitor liquidity placement in the order book,” monitoring resource Material Indicators wrote in part of its latest X update. “Historically, the side with the heaviest concentration of liquidity closest to the active trading zone wins the battle and right now those concentrations on both sides are

Navigating the realm of blockchain ventures requires more than just a groundbreaking idea; it demands the right soil to sow the seeds of innovation. The jurisdiction you choose can either propel or stifle the growth of your blockchain venture. Worry not, we’ve rolled up our sleeves, delved into the legal, financial, and operational landscapes of various regions, and curated a list of the top 10 jurisdictions to start your blockchain venture. Here’s the fruit of our extensive research: 10. Luxembourg As a hub of financial services in Europe, Luxembourg extends its expertise to the realm of blockchain and cryptocurrency. The Grand Duchy has been proactive in establishing a legal framework conducive to blockchain ventures. With its Financial Regulator granting a license to the first European cryptocurrency exchange, Luxembourg is steadily evolving into a friendly harbor for blockchain innovators. Its strategic location in the heart of Europe and its professional financial

During a week marked by a remarkable surge in the crypto currency market, Shiba Inu [SHIB], the meme-inspired crypto currency that has garnered considerable interest, took center stage. Simultaneously, Shiba Inu witnessed a significant increase in on-chain activity which included trading volume. The crypto currency wallet addresses facilitating transactions worth over $50 million in SHIB during the same period. This surge in both trading volume and on-chain activity didn’t go unnoticed within the crypto currency community. At the time of reporting, SHIB’s market capitalization had grown by nearly $300 million between October 23 and October 24. It currently stands at $4.37 billion. This further underscores a clear bullish trend and a prevalent ‘fear of missing out’ (FOMO) sentiment among investors. While the increase in trading volume is undoubtedly heartening for SHIB holders, the uptick in on-chain activity is equally noteworthy. A significant increase in whale activity related to

Stories yesterday that said BlackRock’s spot Bitcoin ETF (exchange-traded fund) was added to a Nasdaq clearing site prompted a Bitcoin price spike as investors bet it indicated the imminent approval of such investment vehicles, but it turns out that it’s been listed there since August. Blackrock’s iShares Bitcoin Trust ETF was added to the Depository Trust & Clearing Corporation (DTCC) in August as “standard practice…in preparation for the launch of a new ETF,” a spokesman for DTCC told Reuters.  “Appearing on the list is not indicative of an outcome for any outstanding regulatory or other approval processes.” NEW: BlackRock's spot #Bitcoin ETF was added to the Depository Trust & Clearing Corporation in August – DTCC spokesperson $IBTC — Bitcoin Magazine (@BitcoinMagazine) October 24, 2023 Speculation that BlackRock and a queue of other pending spot Bitcoin ETF applicants would be quickly approved sent the crypto market on its biggest two-day rally in more than seven