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99Bitcoins
6d
78
Hyperliquid vs. Binance and OKX: JELLY Trading Rocks HYPE and DeFi
- Hyperliquid's JELLY token faced clashes with Binance and OKX, impacting DeFi and crypto trading as HYPE prices dropped by 10%.
- The showdown involved a Solana meme coin, Jelly, surging 300%, causing potential liquidation issues for Hyperliquid.
- The event uncovered vulnerabilities in DeFi and questioned the claimed decentralization of platforms like Hyperliquid.
- Hyperliquid differentiates itself by processing high trading volumes in a low-fee environment and ensuring liquidity for users.
- A trader's manipulation on JELLY caused a price crash on Hyperliquid, prompting a significant short position and losses for liquidity providers.
- Binance and OKX listed JELLY, potentially exacerbating the crisis for Hyperliquid but were met with swift actions from the platform.
- Hyperliquid managed the crisis by delisting JELLY, closing positions at a strategic price point, and protecting user funds from a significant liquidation.
- Amid backlash and accusations of centralized actions, HYPE prices fell, and concerns were raised about Hyperliquid's integrity and decentralized claims.
- Supporters defended Hyperliquid's actions as effective crisis management in the face of external pressures and heightened volatility.
- The incident serves as a lesson for decentralized exchanges, emphasizing the need for resilience and strategic decision-making in times of crisis.
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TronWeekly
6d
408
Image Credit: TronWeekly
PEPE Bull Run? 300% Gain Possible If These 3 Levels Break
- PEPE is showing bullish reversal signs at key support levels, indicating potential significant price gains.
- An analyst has identified a double-bottom pattern on PEPE's chart, suggesting a shift from bearish to bullish trends.
- Short-term resistance targets for PEPE include $0.00002384, $0.00002965, and $0.00003466.
- PEPE's current price distribution resembles a double-bottom reversal chart pattern, with potential for triple-digit gains if bullish momentum continues.
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TronWeekly
6d
181
Image Credit: TronWeekly
Pepe Coin (PEPE) Jumps 5% Amid Market Drop as Whales Scoop Up $8.7M in Tokens
- Whales bought $8.7M worth of Pepe Coin with a fresh wallet, removing 500B tokens worth $4.3M from Binance.
- PEPE increased 13% in a week, breaking above the 50-day EMA and the $0.00000852 resistance level.
- Open interest hit $324M, and exchange reserves declined 0.73% to 240.7T tokens.
- PEPE's rally is consistent with growing investor accumulation, as exchange reserves decline and holders continue to hold their positions.
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99Bitcoins
6d
388
Should’ve Gone to Eton Kid: UK Financial Regulator Takes Aim at Young British Traders
- The head of the UK’s Financial Conduct Authority (FCA) expressed concerns about young British traders investing in crypto assets without understanding the risks, recommending a focus on traditional assets like stocks and bonds.
- The FCA aims to encourage equity and bond market investments among UK consumers for higher long-term returns as part of its new five-year strategy.
- Critics highlight the FCA's attempt to steer investors away from high-growth assets like crypto towards underperforming British stocks and bonds.
- Despite the FCA's warnings, younger generations lean towards digital asset investments, with a survey from Charles Schwab showing 62% of millennials considering investing in cryptocurrencies.
- The FCA's stringent regulation of crypto has resulted in many firms suspending services in the UK and seeking more favorable jurisdictions abroad like the UAE.
- The FCA justifies its tough stance on crypto by citing anti-money laundering standards, leading to a high rejection rate for businesses applying to operate as crypto firms in the UK.
- The FCA's refusal to approve certain firms has sparked backlash, with concerns raised about stifling innovation and driving crypto companies out of the UK.
- A December update on the FCA's crypto regulation roadmap indicates plans to provide full policy statements on crypto staking and market abuse in 2025.
- As the UK faces competition from countries like the USA and Dubai with more relaxed crypto regulations, the future of crypto investments in the UK remains uncertain.
- Young British traders facing restrictions on crypto investments are resorting to VPN access and alternative means to stay active in the market, adapting to the evolving regulatory landscape.
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Bitcoinsensus
6d
347
Image Credit: Bitcoinsensus
Solana Price Prediction: Is SOL About to Crash?
- Solana has broken structure, confirming the bearish trend.
- Price may retrace into key supply zones before potentially dropping further.
- Liquidity levels below the current price indicate potential stop-loss triggering.
- Flexibility and adaptability are crucial in navigating SOL's price movement.
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Bitcoinsensus
6d
8
Image Credit: Bitcoinsensus
HBAR Price Prediction: Big Move Coming? Read Now!
- HBAR rejected a key supply zone, now heading for equal lows.
- On the H2 timeframe, there’s a demand zone that looks interesting, indicating a possible bounce or further downside.
- HBAR has successfully tapped into key liquidity pools, reinforcing the idea that price movements aren’t random.
- The market is eyeing the equal lows as a likely target before any potential reversal.
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99Bitcoins
6d
169
Will HYPE Crypto Recover: Binance Is JELLYJELLY Of Hyperliquid
- HYPE crypto by Hyperliquid faced turbulence due to a whale manipulation scandal involving JELLYJELLY.
- Hyperliquid delisted JELLYJELLY after a trader exploited its price, causing a $12 million unrealized loss to the Hyperliquid vault.
- Binance and OKX listed JELLYJELLY crypto futures shortly after its delisting by Hyperliquid.
- The incident raised questions about whether HYPE crypto can recover from its recent 22% drop.
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TheNewsCrypto
6d
103
Image Credit: TheNewsCrypto
Will Chainlink Break Out of Present Consolidation, as Bulls Halt Recovery?
- Chainlink has recorded a modest price dip of 1.69% in the last 24 hours.
- The altcoin's daily trading volume has shown a mild increase of 4.37% as per CMC data.
- Chainlink shows signs of recovery from the past dips, with a 6.45% increase on the weekly chart.
- Bullish indicators suggest potential upward movements for Chainlink in the coming days.
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Bitcoinsensus
6d
161
Image Credit: Bitcoinsensus
XRP Price Prediction: Another Drop Incoming?
- XRP recently grabbed liquidity below, potentially leading to a bounce or more downside.
- The price is currently in an H1 demand zone, and the reaction from this zone will determine its next move.
- If buyers don't step in, XRP could see another drop and potentially target even lower liquidity levels.
- There is a possibility of a deeper push lower before any strong reversal, but the market's unpredictability makes it uncertain.
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TronWeekly
6d
396
Image Credit: TronWeekly
SHIB Pay Launching Soon: Analysts Predict 2x Price Surge After Key Resistance Break
- SHIB Pay aims to revolutionize crypto payments by eliminating banks and middlemen.
- Analysts predict a strong upside if SHIB maintains momentum above key resistance levels.
- The introduction of SHIB Pay, a payment platform on the blockchain, enables merchants to get paid in cryptocurrencies directly.
- SHIB price breakout signals and increasing trading volumes suggest a potential rally in the near future.
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TheNewsCrypto
6d
215
Image Credit: TheNewsCrypto
Zcash (ZEC) Shows Signs of Recovery As Price Soars 12% In A Week
- Zcash (ZEC) price surged 38% and is currently trading at $38.47.
- Technical indicators such as RSI and MACD signal strong buyer momentum in ZEC.
- ZEC is showing signs of recovery, breaking the 50-day EMA and approaching the 200-day EMA.
- A significant hurdle at $40 may initiate a bullish rally for ZEC.
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TronWeekly
6d
52
Image Credit: TronWeekly
Hyperliquid (HYPE) Trader Loses $1 Million After Failed Market Manipulation
- A trader on Hyperliquid lost nearly $1 million after attempting to manipulate the market for Hyperliquid and JELLY token.
- Hyperliquid intervened and shut down trading for JELLY memecoin at $0.0095 to prevent a potential platform loss of $240 million.
- Trading volume increased by 443%, causing the HYPE token to drop 10% and reflecting market uncertainty.
- Hyperliquid's treasury took a short position of $5 million, resulting in losses of $10.63 million as the price of JELLY token rose.
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TheNewsCrypto
6d
277
Image Credit: TheNewsCrypto
FLOKI Surges 10%—Can It Break Key Resistance Levels?
- FLOKI price jumped over 10%, reaching $0.00007603 before settling at $0.00007112.
- FLOKI's CMF at 0.17 signals strong capital inflow, reinforcing bullish momentum.
- FLOKI saw a significant price surge of 10% in the past 24 hours, accompanied by a 98% increase in daily trading volume.
- Technical indicators suggest a bullish outlook for FLOKI, with potential for further upside if it holds above $0.000070 and breaks key resistance levels.
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TheNewsCrypto
6d
343
Image Credit: TheNewsCrypto
HYPE Token Drops 10% as Hyperliquid Struggles with Market Backlash
- Hyperliquid's USDC reserves dropped from $2.58B to $2.02B after the JELLY controversy.
- HYPE token fell 10% in 24 hours, with trading volume surging 443%.
- Bitget CEO criticized Hyperliquid's actions, likening it to FTX.
- Hyperliquid grapples with $340 million in USDC outflows following fallout from the JELLY token controversy.
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TheNewsCrypto
6d
148
Image Credit: TheNewsCrypto
Maker (MKR) Rallies 8%, Eyeing Key $1.5K Resistance Level
- Maker (MKR) has rallied over 8% and is currently trading around $1.4K.
- MKR's daily trading volume has surged by over 184%.
- Maker's price has seen a 12.63% surge in the last seven days, with a potential breakout above $1.5K.
- The Relative Strength Index (RSI) suggests MKR is overbought, and the Bull Bear Power (BBP) indicates strong bullish momentum.
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