Japan Forex Intervention Data Release What You Need to Know Today is the day that Japan will release its forex intervention data for the recent months. The Bank of Japan, acting on behalf of the Ministry of Finance, conducted interventions on April 29 and May 2 to buy the yen. While there has been no…
Cryptos to Watch in June 2024: BlockDAG Leads with New Dashboard and Presale Success Tron and Binance Coin Making Waves With the cryptocurrency market constantly evolving, Tron and Binance Coin have recently made significant strides. Tron has reached an impressive milestone with 231 million registered accounts, signaling a growing user base and increased adoption of…
TikTok’s Algorithm: A Closer Look Understanding TikTok’s Recommendation Algorithm It’s no secret that TikTok has become a global sensation, with millions of users around the world sharing short videos and connecting with others. However, what sets TikTok apart from other social media platforms is its powerful recommendation algorithm. This algorithm is responsible for showing users…
Unlocking the Potential: How Institutional Involvement is Reviving the Bitcoin Futures Market Onchain Highlights Bitcoin futures open interest (OI) is the total amount of funds allocated in open futures contracts. Bitcoin futures OI has seen a further rebound recently. As Bitcoin’s price approached $70,000 earlier this year, futures OI reached unprecedented levels, signaling renewed investor…
Rising MVRV-Z Score Signals Possible Bitcoin Bull Run Onchain highlights definition: The MVRV Z-Score evaluates whether Bitcoin is overvalued or undervalued relative to its “fair value.” Instead of using a traditional z-score method, the MVRV Z-Score uniquely compares the market value to the realized value. When the market value, measured as network valuation by spot…
Chainlink Partners with Circle to Enhance DeFi Ecosystem Introduction Oracle network Chainlink announced today that it’s teaming up with Circle to boost the utility of stablecoins in the decentralized finance (DeFi) ecosystem. The partnership also marks Chainlink’s commitment to supporting USD Coin (USDC) on the chains enabled by its Cross-Chain Interoperability Protocol (CCIP), promoting secure…
The Sri Lankan government vs. Canadian Prime Minister Justin Trudeau A War of Words Once again, the Sri Lankan government has accused Canadian Prime Minister Justin Trudeau of engaging in vote bank politics by spreading a “false narrative” about the ethnic conflict against the Liberation Tigers of Tamil Eelam (LTTE). This ongoing war of words…
Nigerian superstar DAVIDO meme coin rug pull fears sparks controversy Introduction Davido’s $DAVIDO token launch has raised suspicions of a pump-and-dump scheme, with critics pointing to his past involvement in promoting questionable crypto projects. The debate over the impact of celebrity-backed meme coins has intensified as the controversy surrounding the Nigerian superstar continues to grow….
