From the short trader’s statement that the loss was heavy when Bitcoin reversed to increase the price, Kraken has been listing LINK, BAT and OMG for customers in Japan. Here are some highlights from the crypto market.
Futures traders betting on a collapse in the crypto market have lost more than $ 82 million in the past 24 hours as the market began to rebound.
According to Coinglass data, more than $ 25 million of the losses came from Bitcoin futures. The data shows that almost 64% of all traders involved in futures contracts are betting on falling prices.
Long positions worth over $ 45 million were liquidated when an exchange closed a trader’s leveraged position as a safety mechanism due to the partial or total loss of initial margin. This mainly happens when trading futures, as opposed to spot trading, where traders own the actual asset.
Bitcoin rose to $ 43,000 on Wednesday, while major altcoins rose as much as 19%. The jump came shortly after Fed chairman Jerome Powell said the agency would counter the current high inflation environment and signaled that the central bank could cut its balance sheet budgets faster this year.
BTC price chart | Source: TradingView
Tuesday’s unexpected move took traders by surprise. In Bitcoin-Linked Futures on the Binance crypto exchange, traders have lost $ 15 million in the past 24 hours, closely followed by OKEx with $ 11 million liquidation. About 60% of all Bitcoin traders went blank on two exchanges.
Losses are not limited to Bitcoin futures. Ether traders vaped $ 31 million, while near and dogecoin futures liquidated nearly $ 6 million.
Liquidation status on stock exchanges
Over 40,700 trades have been liquidated in the last 24 hours, with a total loss of currently $ 124 million.
Lucky Miner wins a block reward worth 6.25 BTC
A small bitcoin miner won with odds of 1 / 10,000 and receive Reward for mining a block.
On one rare occasion, the little bitcoin miner received the entire block reward of 6.25 BTC.
An individual with a processing power of only 126 terahashes per second (TH / s) won the block generation and received a reward of 6.25 BTC.
The event occurred on Tuesday (Jan 11, 2022) at block height 718,124, with miners settling the block on a private mining pool operated by ckpool. This is considered a rare case when that miner only has a 0.00073% chance of mining a block.
The large US crypto exchange Coinbase will give its employees a quarterly week off in 2022 to recharge after stressful workdays.
In one post On a blog on Monday, Coinbase’s chief human resources officer LJ Brock said as part of a test that will allow workers to take a break from work.
Brock said exchange workers are not necessarily limited to a 40-hour week and may have to “work overtime all the time” to meet growing customer demand.
Axelar has announced Launch of the public mainnet in February 2022.
Axelar’s interoperability protocol will enable the connection and transfer of assets and information between leading blockchain networks such as Ethereum, Cosmos, Terra, Moonbeam, Fantom and Avalanche.
Axelar builds decentralized networks and tools that connect users, assets and dApps across multiple blockchain ecosystems.
Cere network messages
Cere Network (CERE) became announced Mainnet staking started.
The Cere development team is currently gradually opening up the possibility of staking in the mainnet for a limited number of participants.
They announced the release of a private one-way bridge to move CERE tokens from ERC20 to Cere Mainnet. The development team plans to prepare for beta release in the first quarter of 2022 and intends to earn $ 250 million worth of CERE stakes on the Cere mainnet at 13% APR by March 1.
Binance Labs has announced Support the $ 200 million Oasis Ecosystem Fund.
Binance Labs’ contribution has helped the Oasis Ecosystem Fund expand and reach $ 200 million to contribute to projects being built on top of the Oasis Network.
The Oasis Ecosystem Fund is dedicated to supporting the next wave of Oasis applications including DeFi, NFT, Metaverse, data tokenization, DAO, data governance, data protection applications and more.
The largest meme cryptocurrency, Dogecoin, preferred by the world’s richest man, Tesla CEO Elon Musk, has rebounded more than 7% in the past 24 hours. It is currently trading at $ 0.1539, according to data from CoinMarketCap.
DOGE price table | Source: TradingView
Also after tweets Posted by WhaleStats, DOGE has returned to the list of the top 10 coins bought by the 1,000 largest whales on the Binance Smart Chain (BSC).
In post In a recent blog post, Hedera Hashgraph (HBAR) announced that aviation technology company Neuron had harnessed the power of the network to successfully test a new method of air traffic control in the UK.
Initial tests of the sensor were conducted in April and October last year “to demonstrate the motion tracking capabilities of military, corporate and government drones”.
Neuron director Niall Greenwood said the new technology could be applied to real-world cases, including helping the medical field with remote testing as well as delivering supplies to remote areas.
In post 12. Blog, Kraken, one of the largest cryptocurrency exchanges in the world, announced that Chainlink (LINK), Basic Attention Token (BAT) and OMG (OMG) are now available to customers in Japan.
Jesse Powell founded Kraken just a month after visiting Tokyo to help replace the mountain. Gox recovered from a hack in 2011.
In October 2020, Kraken reintroduced its services in the country after a halt due to an attack in 2018, initially allowing Japanese residents to trade five cryptocurrencies (Bitcoin, Ether, Litecoin, XRP and Bitcoin Cash).
Ethereum Classic News
On the hourly chart, Ethereum Classic is still trading in a bearish structure, but the market has seen some upward momentum that could help ETC break the supply zone at $ 30.
The resistance trendline (white) represents the level of resistance that price has been following since mid-November and the market has always been rejected when trying to break this area.
ETC Price Chart | Source: TradingView
Sellers entered the market just above the recent high. If price is able to convert this range from supply to demand, the short-term bullish momentum could see a sharp reversal.
The RSI has passed the 50 neutral mark, indicating that bullish momentum is afoot. The hourly chart’s RSI also rebounded above the 60s level, which ETC has not done in over a week.
The Directional Movements Index is showing a strong uptrend as both ADX (gold) and + DI (green) are above 20 and rising.
ETC needs to break through the $ 30 zone and shift that area from supply to demand before it can offer a buying opportunity.
Chia Network, the energy-efficient, intelligent transaction blockchain platform from BitTorrent founder Bram Cohen, introduces peer-to-peer trading services for Chia wallet owners.
To support the product called Offers, the company is partnering with Stably to bring USDS to the Chia blockchain. With Stably, packaged bitcoins and packaged ethers will also be available on the Chia blockchain.
in a meeting interview Over the phone, Hoffman says, the latest initiative will help Chia connect with a “core community of early adopters” that includes entrepreneurs and developers. He added that “USDC stablecoins are a great way for a company to put USD in their wallet (chia) to buy carbon credits.”
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