Chain News Daily Official TheBitTimes.com

The DOGS price plummeted 20% in the past week and 9% in the last 24 hours to trade at $0.0009975 as of 00:47 a.m. EST on trading volume that rose 9% to $496 million. The steep drop in the past week comes after the DOGS on-chain withdrawal was enabled, which allowed the last batch of investors to withdraw their airdrop allocations. DOGS Price Prediction: Can Dogs Rebound From The Current Bearish Trend? Since August 29, three days after its launch, the DOGS price has been on a sustained downtrend, as the bears took full control of the price. On September 2, the $0.0010550 support allowed the bulls to push the price of DOGS up to the $0.001174 before plunging back to the support zone. The price movements within this range formed a rounding top pattern, which the bears used to push the DOGS price down. DOGSUSD Chart Analysis (Source: GeckoTerminal ) On the DOGS/USD 1-hour chart, DOGS now trades below both the 50-day and 200-day Simple Moving Averages, affirming the downtre...

On January 30, BBO Exchange (BBOX), a decentralized derivative trading platform, accomplished the closure of its pre-seed funding round. Co-led by notable early-stage venture funds Hashed and Arrington Capital, the funding round secured $2.7 million in capital, per the information shared with Finbold. Significant participation was observed from key ecosystem contributors, including Consensys, CMS Holdings, Flow Traders, Manifold Trading, Mask Network, and Laser Digital (Nomura Group). The funding round concluded in the previous year’s third quarter and received additional support from Arcane Group, Draper Dragon, Vessel Capital, Aulis Venture, Formless Capital, Press Start Capital, and One Piece Labs. Noteworthy industry figures, including Keone Hon and Hongbo Tang, also invested. BBOX’s aim  BBOX is positioned to augment the DeFi space through its distinctive strategy in decentralized derivative trading. Serving as the inaugural perpetual decentralized exchange (...

Solana (SOL) is the best-performing cryptocurrency of the week, with a price increase superior to 34% in the last seven days. However, the most relevant surge is within its spot exchange and derivatives volume in the day, both more than doubling up on November 2. At the time of publication, data retrieved by Finbold from CoinMarketCap and CoinGlass show impressive surges in both volume indexes in the last 24 hours, with an increase of 106% on the spot exchange volume from the first source and over 110% in the derivatives operations volume for SOL. Notably, Solana registered a 24-hour volume of $3.78 billion, which corresponds to 21% of its native token’s market capitalization of $17.75 billion, as SOL is trading at $42.9 by press time. SOL stats: Market Cap, Volume (24h), and Volume/Market cap (24h). Source: CoinMarketCap Despite this high volume of SOL changing hands in the spot market, the cryptocurrency is now seeing a massive spike in demand for derivative contracts, wh...