Folashade🎭
@folashade12
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Euler Finance Launches New Stablecoin Maxi
Euler Finance, a decentralized finance lending platform, has announced the launch of a new hybrid token called Maxi. The development was revealed by Euler Labs, the team behind the protocol on Ethereum, on September 16th.
Key Features of Maxi
Maxi is designed to enhance capital efficiency and mitigate risks through a blend of assets and cross-collateralization. The stablecoin is backed by a variety of assets, including tokenized treasury bills, yield-bearing tokens, synthetic dollars, and fiat-backed stablecoins. Notable assets backing Maxi include Ondo Finance’s U.S. Dollar Yield (USDY) and Usual Money’s real-world asset-backed stablecoin USD0. Additionally, it includes Ethena’s synthetic dollar USDe and yield-bearing synthetic dollars sUSDe and stUSD, as well as Circle’s USDC.
Incentives for Users
Euler is also introducing an incentivization program. Users can collateralize sUSDe and USDe to earn Ethena’s sats, lend or borrow with USD0 to receive … 0 reply
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Litecoin Breakout Succeeds, Fails to Trigger Bears
Key Points:
- Litecoin (LTC) breaks above ascending triangle pattern, suggesting strong bullish momentum
- 12% gain in 30 days, 5% gain in 7 days, with trading volume up 16%
- Exchange inflow data shows sellers absent, indicating confidence in uptrend
- Technical indicators (MACD, RSI) flip bullish
Current Trends:
- LTC trading at $69, approaching high liquidity zone above $70
- Funding Rates predominantly positive, indicating traders are long
- Buyers overwhelming sellers, with rising interest in LTC
Outlook:
- Next target: 200-day SMA at $76
- Potential price volatility if LTC enters high liquidity zone
- Continued bullish momentum dependent on sustained buying pressure.
Indicators:
- MACD histogram bars flipped green, indicating strong uptrend
- RSI line at 63, showing buyer dominance
- LTC above 100-day SMA, strengthening bullish case. 0 reply
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BITmarkets Releases End-Year Update Highlighting Key Crypto Game-Changers for 2024
Vilnius, Lithuania, September 26, 2024
BITmarkets, the cryptocurrency exchange, has published its end-year update titled “Revisiting the Game-Changers for Crypto,” highlighting key assets poised to transform the crypto landscape in 2024.
Among the listed assets, which include various cryptocurrencies and digital assets, a notable newcomer is Sui—a blockchain token gaining traction in decentralized finance (DeFi) applications and technology.
“Sui’s continued innovations and strategic partnerships position it as a leader in the DeFi space. With its low transaction fees, high-speed performance, and growing ecosystem, Sui is set to further expand its influence in the blockchain sector,” commented Ali Daylami, Head of Data Analytics at BITmarkets. Sui joins other significant assets like Bitcoin ETFs, Ethereum, Solana, and Cardano on this year’s list of game-changers.
The updated crypto market study by BITmarket… 0 reply
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