Best Twitter threads of the day – May 22nd

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• Aave price analysis: Bulls seek new support below $63 in extended downtrend

  TL;DR Breakdown The Aave price analysis for today points to a bearish market. The price has been pushed down to $63.49. Can bulls locate alternative support to substitute for $64? Today’s Aave price analysis suggests a persistently bearish scenario. The ongoing circumstances continue to favor the bears, with the price steadily declining. Presently, Aave is valued at $63.49, and there are indications that it may further descend in the near future. Such a development could potentially exacerbate the already significant decline in the cryptocurrency market. Nevertheless, there are discernible signs of support at approximately $62.22, as evidenced by the price rebounding after briefly touching this level earlier today. AAVE/USD 1-day price chart: Price dips below $64, intensifying challenges for sellers The 1-day price chart for Aave price analysis indicates a bearish trend, with the price levels continuing to decline. Today, the price has even breached the crucial support level of $64, further intensifying the downward movement. At present, the AAVE/USD price is positioned at $63.49 and is anticipated to venture into a lower range in the near future. It is…

  Article 2023年5月27日

• Nearly $16M in crypto lost to hacks in August

  TL;DR Breakdown In the month of August, a total of $15.8 million in cryptocurrencies fell victim to various hacks and exploits, marking a notable reduction from the previous month’s losses.  The attacks primarily targeted decentralized finance (DeFi) protocols, with no reported incidents affecting centralized financial entities. Prominent among the losses is the Exact protocol hack that transpired on August 18 which saw malicious actors pilfering 4,323.6 Ether, equivalent to around $7.2 million, from users’ deposits using a malicious deposit contract. Description In the month of August, a total of $15.8 million in cryptocurrencies fell victim to various hacks and exploits, marking a notable reduction from the previous month’s losses. According to a report published on August 31 by Immunefi, a prominent blockchain security firm, the combined tally of losses from hacks and fraudulent activities amounted to … Read more In the month of August, a total of $15.8 million in cryptocurrencies fell victim to various hacks and exploits, marking a notable reduction from the previous month’s losses. According to a report published on August 31 by Immunefi, a prominent blockchain…

  Article 2023年9月1日

• Avalanche price analysis: Upswing carries AVAX price above $14.4 threshold

  TL;DR Breakdown Avalanche price analysis shows uptrend. Price has heightened up to $14.4. Support is retained at $14.4 FOR AVAX/USD. According to the latest  Avalanche price analysis, there are clear indications of an upward trend, as the price has experienced a substantial surge in the past 24 hours. The bullish momentum has resulted in a notable enhancement of the price, which now stands at $14.4. Although there were certain instances of decline yesterday, with the price briefly dropping to $13.96, overall, the market has been largely influenced by bullish sentiment. It is anticipated that the price may surpass even higher levels in the near future. AVAX/USD 1-day price chart: Bullish drive launches price above $14.4 level The 1-day Avalanche price analysis shows that in the last 24 hours, the cryptocurrency has witnessed a tremendous increase in value, thanks to the persistent bullish momentum. Since yesterday, the price has been consistently rising, leading to a notable uptrend. As a result, the coin’s value has surged by 2.85 percent within this timeframe, reaching a successful level of $14.4. It is worth mentioning…

  Article 2023年5月30日

• ECB’s conundrum: To raise rates or not to raise rates?

  Description The corridors of the European Central Bank (ECB) have been echoing with one critical debate recently: should they hike the interest rates yet again? It’s a double-edged sword, and the pressure is palpable. A Fractured Consensus Last year, the consensus was evident. The ECB, aiming to stifle inflation, had incrementally hiked rates by 4.25 percentage … Read more The corridors of the European Central Bank (ECB) have been echoing with one critical debate recently: should they hike the interest rates yet again? It’s a double-edged sword, and the pressure is palpable. A Fractured Consensus Last year, the consensus was evident. The ECB, aiming to stifle inflation, had incrementally hiked rates by 4.25 percentage points since July 2022. But now, the very fabric of that consensus seems to be unraveling. With whispers of a looming eurozone recession becoming louder and the annual price growth now a mere shadow of its former 10.6% self, the unified direction of the bank’s trajectory seems to be on shaky grounds. Within the inner sanctum of the bank, the governors appear divided. While some are…

  Article 2023年9月13日

• SEC reveals intention to appeal court decision in XRP lawsuit

  TL;DR Breakdown The United States SEC has announced plans to appeal the recent court ruling in the XRP lawsuit. Implications of the appeal as the legal battle continues. Description The United States Securities and Exchange Commission (SEC) has revealed its intention to challenge a recent court ruling that determined XRP, a cryptocurrency, may not inherently qualify as a security. In response, the agency is seeking an interlocutory appeal, aiming to secure a review of the court’s decision while the case remains ongoing. SEC seeks … Read more The United States Securities and Exchange Commission (SEC) has revealed its intention to challenge a recent court ruling that determined XRP, a cryptocurrency, may not inherently qualify as a security. In response, the agency is seeking an interlocutory appeal, aiming to secure a review of the court’s decision while the case remains ongoing. SEC seeks interlocutory appeal in the XRP lawsuit The move by the regulatory body overseeing financial matters in the country is in response to a ruling made by Judge Analisa Torres last month. Judge Torres concluded that certain sales of…

  Article 2023年8月11日