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Top DeFi Token of September 10th: AMPL 38%, YFI 33%, LEND 31%

Top Defi Tokens Sept

Extreme price volatility graced the crypto markets today. Within the past 24 hours, many altcoins, particularly Defi tokens have overtaken the market with impressive gains. AMPL is taking the lead, as top Defi coins like YFI and Aave are ruthlessly trying to catch up from behind.  The surprises are particularly interesting as over 95% of …

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Extreme price volatility graced the crypto markets today. Within the past 24 hours, many altcoins, particularly Defi tokens have overtaken the market with impressive gains. AMPL is taking the lead, as top Defi coins like YFI and Aave are ruthlessly trying to catch up from behind. 

The surprises are particularly interesting as over 95% of the general crypto markets swung into a sudden bull run. Such price swing has directed BTC towards the $10,500 level while ETH is seen to be testing the $400 level again. 

#1. Ampleforth (AMPL 38.49% Gain):

AMPL tarding chart

AMPL receives the top acknowledgment amidst this wave of dominating gainers with a 39% daily profit.

AMPL lists this income as a continuation of the bull run of a being experienced in a couple of days now. This, in turn, is initiating a buying pressure within the last 24 hours

AMPL is instantly trading at $1.07 around a market capitalization of $233 million. The coin’s exchange volume in the last 24 hours is approximately $36.3 million.

Technical Points

AMPL broke the resistance level at $0.8 to top the level. Ultimately, the coin rose all the way to $1.05 with roughly 40% profit.

Further this level, the more level of key resistance fibs at $1.10 where prices have been examined in the time past.

  • Next major resistance $1.10
  • Next major support at $0.8
  • RSI approaching overbought condition at 70.0

Also Read : Ampleforth (AMPL) Price Prediction 2020: Can AMPL Price Reach $10?

#2. Yearn.finance (YFI tokens 33.69% Gain):

yearnfinance-charts

YFI had a neat market grip within the last 24 hours. In the timeframe described, the coin received approximately 34% gain to balance up a week-long market trading which grew to around 11% loss.

At the time of writing this piece, YFI is trading at $29,276 while surging towards the $30,000 mark. This is about a 88% difference of gains in the biweekly time frame.

The coin overcame the $28,500 resistance level but failed the next opposition at $30,000. Before midday, FYI tested the price level at $30,000 again but failed to break the level properly. It later fell below to build key support at the $29,000 level.

Within the last 30 days, FYI gained around 362% to register a considerable revenue amid the top gainer’s cryptocurrencies of the ongoing bull season.

  • Next level of major resistance at $30,000
  • Next level of major support at $28,000
  • RSI has leveled out at the 90.0 level and seems to need a slight retracement.

Also Read Yearn.Finance Price Prediction 2020. Will YFI Price Reach $20,000?

#3. Aave (LEND 31.25% Gain):

aave-charts

Aave achieved gallantly within the last year. The coin logged around 14,996% earnings in the one-year timeline. LEND gathered earnings last month with 75.1%. On the opposite, last week, LEND lost around 1.1%. The cryptocurrency is down 0.1% in the last hour.

Now trading at $0.68, it seems the market perception is bullish in the short term. 95% of market respondents are bullish while 5% stay bearish on LEND.

Technical Indicators

LEND/USD glows bullish with prices looming above the lid of the Bollinger Band. There’s a noticeable price increase above the Bollinger top where prices may lead the way to the $0.65 level.

  • Next major resistance lies at $0.65
  • Next key support level at $0.60
  • RSI penetrated the 70.0 level and further movement upwards seems highly possible.

Source: https://coinpedia.org/news/top-defi-token-ampl-yfi-lend/

Blockchain

Crypto Exchange Binance Under Investigation by Department of Justice and IRS

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Crypto exchange giant Binance is allegedly under investigation by the U.S. Internal Revenue Service (IRS), as well as the Department of Justice (DOJ) for money laundering and tax evasion.

According to Bloomberg, the federal probe is confidential, with both the DOJ and IRS having “sought information from individuals with insight into Binance’s business.” The report accused Binance of succeeding without strong government oversight, with its lack of corporate headquarters and incorporation in the Cayman Islands — which levies no taxes and offers more lenient business practices. 

“We take our legal obligations very seriously and engage with regulators and law enforcement in a collaborative fashion. We have worked hard to build a robust compliance program that incorporates anti-money laundering principles and tools used by financial institutions to detect and address suspicious activity,” said a Binance spokesperson in response to the recent probe. 

Binance and Crypto Markets Continue to Face Regulatory Scrutiny

One of the biggest criticisms of Bitcoin and the crypto space at large has been their use for criminal activity. Back in January, Treasury Secretary Janet Yellen raised concerns over cryptocurrencies being used in terrorist and illegal financing, with other major financial figures like Charlie Munger associating the industry with “kidnappers” and “extortionists.” 

Chainalysis, a blockchain-based data analytics firm used by U.S. federal agencies, reported in 2019 that Binance saw more funds tied to criminal activity than any other exchanges based on the transactions that it had analyzed.

Binance and Huobi, which are two of the largest cryptocurrency exchanges in the world by volume, saw over 51% of total illicit transactions in the space. Source: Chainalysis Blog

“Binance and Huobi lead all exchanges in illicit Bitcoin received by a significant margin. That may come as a surprise given that Binance and Huobi are two of the largest exchanges operating, and are subject to KYC regulations. How can they be receiving so much Bitcoin from criminal sources? Let’s start by looking at the specific accounts receiving illicit funds at both exchanges.”

This is certainly not the first time Binance has been embroiled in legal troubles. Recently, the exchange’s venture into tradable stock tokens landed the company under the scrutiny of European regulators, including the U.K’s Financial Conduct Authority (FCA) and Germany’s BaFin. In March, Binance hired former U.S. senator Max Baucus as a regulatory advisor. 

Binance Coin (BNB) on Tradingview.com
Featured image from UnSplash 

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bitcoinist.com/crypto-exchange-binance-under-investigation-by-irs-and-doj/?utm_source=rss&utm_medium=rss&utm_campaign=crypto-exchange-binance-under-investigation-by-irs-and-doj

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Mark Cuban Responds to Elon Musk, Says Bitcoin and Crypto Will Benefit Society and the Environment

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Dallas Mavericks owner Mark Cuban says his NBA franchise will continue to accept Bitcoin as payment despite Elon Musk’s recent announcement that Tesla will not.

Cuban tells his 8.4 million Twitter followers that, as a store of value, BTC is in fact a better environmental alternative to gold.

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The billionaire Shark Tank star also argues that the largest crypto asset by market cap will benefit society.

Cuban goes on to note that Mavericks fans are buying “thousands of dollars per week” in tickets and merchandise via Bitcoin. The professional basketball team is a relatively early cryptocurrency adopter, first enabling BTC payments in May 2019.

Musk made waves across the crypto space this week when he told his 54.4 million Twitter followers that Tesla will no longer accept Bitcoin for purchases. He cited concerns over Bitcoin’s extensive energy use as the reason for the sudden change.

“Tesla has suspended vehicle purchases using Bitcoin. We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.”

Musk says the company is considering utilizing other crypto assets that consume less power in their business.

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“Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at great cost to the environment.

Tesla will not be selling any Bitcoin and we intend to use it for transactions as soon as mining transitions to more sustainable energy. We are also looking at other cryptocurrencies that use <1% of Bitcoin’s energy [per] transaction.”

Tesla began accepting Bitcoin back in February. That same month, Tesla announced it purchased $1.5 billion worth of BTC.

Bitcoin is trading at $48,845.76 at time of writing and is down 6.5% in the 24 hours since Musk’s announcement, according to CoinGecko.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Tithi Luadthong

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://dailyhodl.com/2021/05/14/mark-cuban-responds-to-elon-musk-says-bitcoin-and-crypto-will-benefit-society-and-the-environment/

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Blockchain

Kraken Daily Market Report for May 14 2021

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Overview


  • Total spot trading volume at $3.17 billion, 5.3% higher than the 30-day average of $3.01 billion.
  • Total futures notional at $638.8 million.
  • The top five traded coins were, respectively, Ethereum (+2.3%), Bitcoin (-1.4%), Tether (0%), Dogecoin (12%), and Polkadot (-0.6%).
  • Strong returns from Dogecoin (+12%) and Synthetix (8.5%).

May 14, 2021 
 $3.17B traded across all markets today
 Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD 
ETH 
$3796.7 
↑2.3% 
$825.8M
XBT 
$48974. 
↓1.4% 
$779.3M
USDT 
$1.0009 
↑0.08% 
$508.9M
XDG 
$0.5503 
↑12% 
$407.6M
DOT 
$39.663 
↓0.6% 
$165.0M
ADA 
$1.8208 
↓6.1% 
$154.1M
USDC 
$1.0 
↑0.01% 
$95.7M
XRP 
$1.3287 
↓2.5% 
$79.3M
LTC 
$312.26 
↓1.4% 
$52.4M
ETC 
$88.401 
↓0.4% 
$51.6M
EOS 
$10.559 
↓0.07% 
$34.0M
BCH 
$1232.1 
↓1.5% 
$34.0M
LINK 
$43.633 
↑1.2% 
$33.6M
XLM 
$0.6651 
↑1.4% 
$30.2M
NANO 
$10.933 
↓5.4% 
$28.7M
AAVE 
$532.69 
↑4.9% 
$23.0M
KSM 
$510.58 
↓3.3% 
$19.2M
FIL 
$116.34 
↓0.9% 
$14.4M
SC 
$0.0307 
↑0.7% 
$13.3M
YFI 
$67698. 
↑2.6% 
$10.4M
TRX 
$0.1212 
↓0.19% 
$9.58M
ATOM 
$23.629 
↑0.7% 
$8.93M
SNX 
$19.964 
↑8.5% 
$8.79M
ALGO 
$1.3422 
↓0.6% 
$8.75M
XMR 
$398.66 
↓0.9% 
$8.7M
XTZ 
$6.0497 
↓0.9% 
$8.06M
ZEC 
$288.35 
↓2.5% 
$7.03M
UNI 
$37.991 
↑1.8% 
$6.93M
FLOW 
$24.679 
↑2.2% 
$6.27M
DASH 
$357.46 
↑0.18% 
$5.15M
DAI 
$1.0002 
↓0.01% 
$5.09M
OMG 
$9.7649 
↑1.4% 
$4.35M
OCEAN 
$1.1936 
↓0.3% 
$4.12M
KAVA 
$5.3777 
↑0.5% 
$3.99M
EWT 
$15.814 
↓4.4% 
$3.78M
QTUM 
$20.106 
↓3.0% 
$3.46M
CRV 
$3.3409 
↓0.4% 
$3.04M
WAVES 
$30.683 
↓3.4% 
$2.88M
MANA 
$1.2435 
↓0.5% 
$2.75M
GRT 
$1.2896 
↓1.7% 
$2.63M
ICX 
$2.0734 
↓0.8% 
$2.48M
PAXG 
$1852.2 
↓0.12% 
$2.45M
COMP 
$774.63 
↑1.1% 
$2.31M
BAT 
$1.1887 
↓0.12% 
$2.23M
KEEP 
$0.5042 
↑0.5% 
$2.19M
REPV2 
$36.097 
↓0.4% 
$2.06M
LSK 
$6.7568 
↓5.2% 
$1.98M
STORJ 
$1.6898 
↓0.4% 
$1.89M
KNC 
$2.9788 
↓0.21% 
$1.26M
OXT 
$0.5575 
↑1.7% 
$1.05M
BAL 
$60.560 
↑1.2% 
$979K
GNO 
$250.55 
↑3.0% 
$883K
ANT 
$8.0996 
↓0.8% 
$867K
MLN 
$105.13 
↑1.2% 
$864K
REP 
$39.528 
↑1.6% 
$423K
TBTC 
$50620. 
↓1.8% 
$95.5K



#####################. Trading Volume by Asset. ##########################################

Trading Volume by Asset


The figures below break down the trading volume of the largest, mid-size, and smallest assets. Cryptos are in purple, fiats are in blue. For each asset, the chart contains the daily trading volume in USD, and the percentage of the total trading volume. The percentages for fiats and cryptos are treated separately, so that they both add up to 100%.

Figure 1: Largest trading assets: trading volume (measured in USD) and its percentage of the total trading volume (May 14 2021)



Figure 2: Mid-size trading assets: (measured in USD) (May 14 2021)



Figure 3: Smallest trading assets: (measured in USD) (May 14 2021)



#####################. Spread %. ##########################################

Spread %


Spread percentage is the width of the bid/ask spread divided by the bid/ask midpoint. The values are generated by taking the median spread percentage over each minute, then the average of the medians over the day.

Figure 4: Average spread % by pair (May 14 2021)



.


#########. Returns and Volume ############################################

Returns and Volume


Figure 5: Returns of the four highest volume pairs (May 14 2021)


Figure 6: Volume of the major currencies and an average line that fits the data to a sinusoidal curve to show the daily volume highs and lows (May 14 2021)



###########. Daily Returns. #################################################

Daily Returns %


Figure 7: Returns over USD and XBT. Relative volume and return size is indicated by the size of the font. (May 14 2021)



###########. Disclaimer #################################################

The values generated in this report are from public market data distributed from Kraken WebSockets api. The total volumes and returns are calculated over the reporting day using UTC time.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://blog.kraken.com/post/9130/kraken-daily-market-report-for-may-14-2021/

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