Author: Bpay News

EigenLayer’s native token, EIGEN, is currently navigating a critical juncture in its trading journey. Recently, the price has experienced a notable decline of 5.59%, settling at $1.74. This downturn comes despite the underlying bullish sentiment that continues to permeate the market. Traders and investors are closely monitoring the situation as the Relative Strength Index (RSI) indicates a neutral stance, suggesting that the market may be poised for a significant move. The technical analysis reveals that EIGEN is approaching a crucial resistance level at $2.10. This price point is not just a number; it represents a significant barrier that could dictate…

The cryptocurrency landscape is buzzing with excitement as ETHFI announces the opening of its Season 3 airdrop claims. Priced at $1.53, ETHFI has caught the attention of investors, especially with its current RSI (Relative Strength Index) standing at a neutral 54.87. This balance indicates that the asset might be a ripe opportunity for traders looking for potential entry points rather than strong overbought or oversold conditions. For those who may not be familiar, the ETHFI airdrop initiative is designed to distribute tokens to eligible holders, an approach that not only rewards loyalty but can also drive engagement and interest in…

In a groundbreaking move, SWIFT, the global financial messaging service, has announced plans to develop a blockchain-based ledger aimed at facilitating 24/7 cross-border payments. This initiative comes at a time when the demand for faster, more efficient international transactions is at an all-time high. Traditional banking systems often struggle with the limitations of operating hours and lengthy processing times, leading to delays that can hinder global trade and commerce. The new blockchain ledger is designed to streamline these processes, allowing financial institutions to conduct transactions in real-time, regardless of time zones. By leveraging blockchain technology, SWIFT aims to enhance transparency…

In a significant move for the cryptocurrency and fintech sectors, AllUnity has partnered with Stripe’s Privy to facilitate Euro stablecoin payments. This collaboration aims to streamline transactions and enhance the user experience for businesses and consumers alike, marking a pivotal step in the adoption of digital currencies in everyday commerce. Stablecoins, which are cryptocurrencies pegged to traditional currencies, have gained traction due to their stability and ease of use. The Euro stablecoin, in particular, offers a reliable alternative for European businesses looking to embrace digital payments without the volatility often associated with cryptocurrencies. By integrating this payment method, AllUnity and…

The cryptocurrency market experienced a challenging September, marked by a notable decline in prices and trading volumes. This downturn has raised eyebrows among investors and analysts alike, as many had anticipated a more robust performance heading into the fourth quarter. Factors contributing to this slump include macroeconomic uncertainties, regulatory concerns, and a general lack of investor confidence. Despite the gloomy performance in September, there is a silver lining. Many institutional investors remain optimistic about a potential rally in Q4. This bullish sentiment is fueled by several factors, including the historical trend of market recoveries during the last quarter of the…

The cryptocurrency market is always in flux, and DYDX is no exception. Recently, the price of DYDX has stabilized at around $0.61, even as traders navigate through a landscape marked by mixed technical indicators. This price point comes on the heels of a significant announcement regarding a platform upgrade that took place on September 24, which initially triggered a notable 7% rally in DYDX’s value. The upgrade is seen as a catalyst for future growth, aiming to enhance the platform’s functionality and user experience. Such improvements are crucial in the competitive world of decentralized finance (DeFi), where user engagement and…

The cryptocurrency landscape continues to evolve, and one of the latest entrants making waves is PRICELESS, which has officially launched on the WEEX platform. This innovative project aims to provide users with unique opportunities in the digital asset space, and to celebrate its debut, PRICELESS has introduced an enticing $50,000 newbie airdrop. Airdrops have become a popular marketing strategy in the crypto world, allowing new users to engage with a project while receiving free tokens. The $50,000 airdrop is specifically designed to attract newcomers, offering them a chance to get involved without any initial investment. This initiative not only incentivizes…

This morning, the cryptocurrency market experienced a significant rally that caught the attention of traders and analysts alike. According to data from Glassnode, this surge was marked by a wave of liquidations, which often occur when leveraged positions are forcibly closed due to price movements. Such events can inject fresh energy into an existing trend, and in this case, it appears to have reinforced the upward momentum in the market. Liquidations generally happen when traders borrow funds to amplify their positions, making them vulnerable to sudden price fluctuations. When the market moves against these positions, automatic sell orders are triggered,…

LayerZero, a prominent player in the blockchain space, has recently announced an innovative buyback strategy for its native token, ZRO. This strategy appears to be effective, as the token has rebounded above the $2.25 mark, currently trading at $2.29. Despite a slight decrease of 1.21% in the past 24 hours, the overall sentiment remains bullish, largely due to the foundation’s proactive measures. The LayerZero Foundation aims to enhance the token’s value and utility through this buyback initiative, which is designed to stabilize the market and instill confidence among investors. Buybacks can often signal to the market that a company believes…

In an exciting development for cryptocurrency enthusiasts, WEEX has officially launched its new platform feature, PRICELESS, and is celebrating with a generous $50,000 airdrop aimed at new users. This initiative is designed to attract fresh participants to the WEEX ecosystem, providing them with a unique opportunity to engage with the platform while receiving a substantial incentive. WEEX, known for its innovative approach to trading and investment, has been making waves in the crypto community. The introduction of PRICELESS marks a significant step forward, offering users enhanced features and tools to optimize their trading experience. This new feature is expected to…