Onix(ONX)

Derivatives exchange Deribit is the first to integrate FalconX’s Prime Connect.

Market odds of approval in May are dwindling, but David Lawant and Purvi Maniar of FalconX say we’ll likely see an ETH ETF approval over the next 12-18 months.

Bitcoin's uptrend is supported by strong trading volumes, a bullish sign for continuation, a FalconX report said.

The approval of a wave of bitcoin exchange-traded funds will lead to a more mature market structure, say Vivek Chauhan and David Lawant, of FalconX.

The cryptocurrency market witnessed a notable downturn as Bitcoin slipped below the $40,000 mark, accompanied by Ethereum’s decline to a low of $2,303. Reports reveal significant movements of Ethereum by Celsius and FTX. Celsius Network initiated the transfer of 15,200 ETH ($36.04 million) to Coinbase and FalconX. Despite this movement, […]

Stronger interest from institutional investors and a market with relatively few sellers could mean we’ve entered a new phase of the market, say FalconX’s Vivek Chauhan and David Lawant.

Ethereum staking saw strong demand from institutions following the Merge. Even if the adoption rate slows down in a few months, its future looks promising, say Vivek Chauhan and David Lawant, of FalconX.

[Press Release – Austin, Texas, August 10th, 2023] The countdown to the first annual onXDC Live blockchain industry conference has begun. Taking center stage at the Long Center for the Performing Arts in Austin, Texas on August 25-26, this event will attract a diverse audience of blockchain enthusiasts. The onXDC Live conference will host luminaries, […]

Yield Guild Games surged nearly 600% in less than a week, smashing through the top gainers charts before abruptly crashing. According to reports, a new Binance trading product and an ongoing community gaming event have played a pivotal role in the incredible price rally of the YGG token. YGG Token Surges According to data from CoinmarketCap, the Yield Guild Games (YGG) token saw a dramatic surge over the past week, rising by 580% and reaching a peak of $0.93 on the 7th of August, 2023. However, the token abruptly crashed soon after reaching this price level and is currently trading at around $0.36. However, the token had hinted at a decline in price in its gradually dropping trading volume. The trading volume recorded a drop of 26% in 24 hours, falling under $500 million, while the market cap increased by $17 million, reaching $161 million. Why Did The YGG Price Rally? Observers attributed the surge in the YGG token’s price to a couple of major factors. On the 3rd of August, Yield Guild Games announced the 4th season of the Guild Advancement Program (GAP). The Guild Advancement Program is a periodic gaming event that distributes rewards such as tokens to community members who successfully complete specified quests in participating in YGG-affiliated games. The 4th season of Yield Guild Games includes some of the biggest names in the space, such as Splinterlands, Skyweaver, and Axie Infinity. As a result, it should come as no surprise that the Yield Guild Games network usage saw a spike, reaching a one-month high of 192 active addresses. Yield Guild Games stated in its press release, “Some of the community’s most recent top picks are joining the fold this season, with all-new quests for guild members to dive into as they hone their skills and establish their web3 reputation. The season will officially begin on the 3rd of August, 2023, and will run until the 27th of September, 2023.” Barely a day later, Binance announced plans to launch a YGG/USDT trading pair for perpetual contracts on its CEX platform, allowing up to 20x leverage. Available on-chain data suggests that the announcement brought in about $100 million worth of new capital into the YGG ecosystem. Whales Dumping Share Of YGG While the growth has been quite notable, reports have emerged of venture capital companies who initially backed the project, reportedly looking to sell their share of YGG on Binance. Data from LookOnChain sourced on the 7th of August shows that Bitkraft Ventures and DWF Labs have moved their YGG holdings to Binance and are most likely looking to sell. DWF Labs had received around 29 million YGG from the Yield Guild Games Treasury. However, on-chain data has suggested that most of these tokens have been moved to exchanges. Bitkraft Ventures also made large deposits on Binance using FalconX. Another whale, Wintermute Trading, has reportedly deposited just over 11 million YGG worth $6.7 million to different exchanges over the past four days. It currently holds a further 2.5 million YGG, valued at around $1.5 million. LookOnChain also showed that Youbi Capital had deposited around 1 million YGG to Binance. The firm currently holds about 11 million YGG. Sfermion has also jumped on board the selling wagon, using FalconX to deposit its YGG tokens on Binance. Large deposits generally signify an investor’s willingness to exchange the token for other assets or sell them. This is also true of whales such as the ones mentioned earlier. Smaller investors generally tend to follow larger investors, copying their selling behavior. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Yield Guild Games surged nearly 600% in less than a week, smashing through the top gainers charts before abruptly crashing. According to reports, a new Binance trading product and an ongoing community gaming event have played a pivotal role in the incredible price rally of the YGG token. YGG Token Surges According to data from CoinmarketCap, the Yield Guild Games (YGG) token saw a dramatic surge over the past week, rising by 580% and reaching a peak of $0.93 on the 7th of August, 2023. However, the token abruptly crashed soon after reaching this price level and is currently trading at around $0.36. However, the token had hinted at a decline in price in its gradually dropping trading volume. The trading volume recorded a drop of 26% in 24 hours, falling under $500 million, while the market cap increased by $17 million, reaching $161 million. Why Did The YGG Price Rally? Observers attributed the surge in the YGG token’s price to a couple of major factors. On the 3rd of August, Yield Guild Games announced the 4th season of the Guild Advancement Program (GAP). The Guild Advancement Program is a periodic gaming event that distributes rewards such as tokens to community members who successfully complete specified quests in participating in YGG-affiliated games. The 4th season of Yield Guild Games includes some of the biggest names in the space, such as Splinterlands, Skyweaver, and Axie Infinity. As a result, it should come as no surprise that the Yield Guild Games network usage saw a spike, reaching a one-month high of 192 active addresses. Yield Guild Games stated in its press release, “Some of the community’s most recent top picks are joining the fold this season, with all-new quests for guild members to dive into as they hone their skills and establish their web3 reputation. The season will officially begin on the 3rd of August, 2023, and will run until the 27th of September, 2023.” Barely a day later, Binance announced plans to launch a YGG/USDT trading pair for perpetual contracts on its CEX platform, allowing up to 20x leverage. Available on-chain data suggests that the announcement brought in about $100 million worth of new capital into the YGG ecosystem. Whales Dumping Share Of YGG While the growth has been quite notable, reports have emerged of venture capital companies who initially backed the project, reportedly looking to sell their share of YGG on Binance. Data from LookOnChain sourced on the 7th of August shows that Bitkraft Ventures and DWF Labs have moved their YGG holdings to Binance and are most likely looking to sell. DWF Labs had received around 29 million YGG from the Yield Guild Games Treasury. However, on-chain data has suggested that most of these tokens have been moved to exchanges. Bitkraft Ventures also made large deposits on Binance using FalconX. Another whale, Wintermute Trading, has reportedly deposited just over 11 million YGG worth $6.7 million to different exchanges over the past four days. It currently holds a further 2.5 million YGG, valued at around $1.5 million. LookOnChain also showed that Youbi Capital had deposited around 1 million YGG to Binance. The firm currently holds about 11 million YGG. Sfermion has also jumped on board the selling wagon, using FalconX to deposit its YGG tokens on Binance. Large deposits generally signify an investor’s willingness to exchange the token for other assets or sell them. This is also true of whales such as the ones mentioned earlier. Smaller investors generally tend to follow larger investors, copying their selling behavior. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Crypto index funds potentially adding XRP to their holdings could mean additional buying pressure for the token, a FalconX analyst said.

TrigonX is back from the dead after it went into receivership in December, due in part to its $13 million exposure to bankrupt crypto exchange FTX.

In Todays Headline TV CryptoDaily News: Bitfinex announced new partnership in Latin America The digital asset platform Bitfinex announced a new partnership with a local exchange in Latin America as a part of a larger effort to push for wider adoption in the region. Bitfinex revealed an investment in one of Chile’s leading cryptocurrency exchanges, OrionX. Crypto sector gets its first set of global rules from watchdog International securities watchdog IOSCO unveiled the first global approach to regulating cryptoasset and digital markets, drawing on lessons from last year's collapse of the FTX exchange that fuelled concerns over consumer protection. Polygon NFTs are now supported on Binance The leading crypto exchange Binance, through its NFT market platform, has added support for Polygon NFTs. NFT traders can now explore and purchase tokens on the Polygon network directly on the Binance NFT homepage ranking board. BTC/USD plummeted 2.9% in the last session. The Bitcoin-Dollar pair plummeted 2.9% in the last session. The RSI is giving a negative signal. Support is at 26532.3333 and resistance is at 27836.3333. The RSI is giving a negative signal. ETH/USD plummeted 2.4% in the last session. The Ethereum-Dollar pair plummeted 2.4% in the last session. The Stochastic indicator is giving a positive signal. Support is at 1792.631 and resistance is at 1899.591. The Stochastic indicator is currently in the positive zone. XRP/USD plummeted 2.2% in the last session. The Ripple-Dollar pair dove 2.2% in the last session. The ROC gives a negative signal. Support is at 0.4554 and resistance is at 0.4722. The ROC is currently in negative territory. LTC/USD plummeted 5.9% in the last session. The Litecoin-Dollar pair plummeted 5.9% in the last session. The RSI gives a negative signal, which matches our overall technical analysis. Support is at 89.0667 and resistance is at 94.4067. The RSI is giving a negative signal. Daily Economic Calendar: US Gross Domestic Product Annualized The Gross Domestic Product Annualized shows the annualized monetary value of all the goods, services, and structures produced within a country. The US Gross Domestic Product Annualized will be released at 12:30 GMT, the US Chicago Fed National Activity Index at 12:30 GMT, and Germany's Gross Domestic Product at 06:00 GMT. US Chicago Fed National Activity Index The Chicago Fed National Activity Index, released by the Federal Reserve Bank of Chicago, is a monthly index designed to gauge overall economic activity and related inflationary pressure. DE Gross Domestic Product The Gross Domestic Product measures the total value of all goods and services produced by a country. The GDP is considered a broad measure of economic activity and health. DE Gfk Consumer Confidence Survey The GfK Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity, making it an indicator of consumer spending. Germany's Gfk Consumer Confidence Survey will be released at 06:00 GMT, Japan's Tokyo Consumer Price Index at 23:30 GMT, and Japan's Tokyo CPI at 23:30 GMT. JP Tokyo Consumer Price Index The Tokyo Consumer Price Index released by the Statistics Bureau measures price movements obtained from the retail prices of a representative shopping basket of goods and services. JP Tokyo CPI The Tokyo Consumer Price Index released by the Statistics Bureau measures price movements obtained from the retail prices of a representative shopping basket of goods and services. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Orionx plans to expand into Mexico, Peru and Colombia by 2024.

Zug, Switzerland, May 11th, 2023, ChainwireThe Odsy Foundation, a non-profit organization dedicated to fostering and developing the Odsy Network ecosystem, today announced it raised $7.5M in seed funding that set the Odsy Network valuation at $250M. The round was led by Blockchange Ventures with participation of VCs, strategic partners and investment DAOs including Rubik Ventures, No Limit Holdings, Node Capital, Insignius Capital, FalconX, SolrDAO, TPC and others.Over the past decade, the need for interconnected solutions that enable real world use cases, and the lack of an infrastructure for decentralized access control, drove Web3 builders to create centralized solutions and to the increased centralization of Web3. In the past year, following the collapses of centralized Web3 giants such as Celsius and FTX, it has become evident that centralized access control is an existential threat to Web3.The Odsy Network provides a secure and programmable access control layer for all of Web3 through a new crypto primitive - dWallets (dynamic decentralized wallets). dWallets are programmable and transferable signing mechanisms that live on the decentralized Odsy Network, and that can sign transactions on practically any other blockchain."In the future, our money, IDs, assets and so much more will each be represented by valuable tokens on what is almost certain to be many different blockchains", said Ken Seiff, General Partner Blockchange Ventures. "Just as each internet account requires a log-in, each blockchain requires a different wallet - and the tracking and maintenance of different wallets present a significant challenge and headache for users. This challenge will only grow as the number of blockchain networks multiply, and could continue to be a major obstacle to widespread consumer adoption. Odsy solves this challenge, and in doing so lowers the barrier to entry for mass adoption."Since dWallets are programmable, Web3 builders will be able to use the Odsy Network in order to implement any access control logic in a completely decentralized way. This paves the way for Web3 builders to recreate existing solutions such as exchanges, custodians, bridges etc. in a trustless way, but also to create brand new solutions that were not possible before, like natively multi-chain DAOs or a marketplace where wallets could be traded.While the Odsy Network is still in development, there are already over 10 projects actively building in the Odsy ecosystem, many of them VC-backed - including dWallet Labs who raised $5M in a round led by Digital Currency Group and Node Capital, and Fun who raised $3.9M in a round led by Tinder Co-Founder Justin Mateen’s JAM Fund.“The potential of new solutions, ones that demonstrate real world use cases but cannot be built in today’s fragmented crypto ecosystems, is extremely compelling for ambitious Web3 builders. dWallets is an entirely new way to imagine how digital assets should be accessed and policy managed in a multi-chain world, which is especially important as the industry explores the emergence of tokenized assets and their corresponding risk & compliance requirements.” said Sean Lee, Executive Director at Odsy Foundation, and former CEO of Algorand Foundation.To realize the potential of dWallets on the Odsy Network, significant improvements to the state-of-the-art in modern cryptography primitives such as MPC - Multi Party Computation - have been achieved. While existing threshold signature algorithms are centralized in nature and can only work with a small set of predefined parties, theseachievements by the Odsy project teams pave the way for the Odsy Network to be the first place where users can generate signed transactions to other blockchains such as Bitcoin or Ethereum, together with a large-scale permissionless set of validators.“The technical and scientific challenges we are facing are amongst the most complex in crypto today, and we have one of the best research teams in the world with over 10 world-class experts in modern cryptography. Over the upcoming months we will publish the cryptographic research that makes dWallets and the Odsy Network possible, and also the novel engineering framework of Odsy that will be a key driver in connecting Web3 to the real world.” said Omer Sadika, Co-Founder of Odsy Network, CEO of dWallet Labs.To learn more about dWallets and the Odsy Network visit odsy.xyz.ABOUT THE ODSY FOUNDATIONThe Odsy Foundation is a non-profit organization based in Zug, Switzerland, established in August 2022, dedicated to fostering and developing the Odsy Network ecosystem. The foundation works to accelerate the adoption of dWallets and the Odsy Network by promoting research, education, development and partnerships. Following decentralized, open platform principles, the Odsy Foundation is committed to facilitating adoption by supporting the development of a universal access control layer not currently available in Web3. Visit odsy.foundationABOUT ODSY NETWORKThe Odsy Network, founded in 2022, provides a secure, programmable, decentralized access layer to all of Web3 through dynamic, decentralized wallets (dWallets). dWallets are bound to Wallet dedicated smart contracts that enable the management of access control and privileges of the dWallets, and the implementation of any protocol on top of the Odsy Network. The Odsy Network is a security-first blockchain that allows for multi-chain interoperability with programmable and transferable wallets. Learn more about Odsy and dWallets at odsy.xyzContactCOOItai [email protected]

The funding round was led by Blockchange Ventures and included participation from firms such as Rubik Ventures, Node Capital and FalconX.