Bitcoin Price Weekly Analysis – BTC/USD Breaks Key Support 163

Key Points

  • Bitcoin price struggled to move above the $7770 level against the US Dollar and started a downside move.
  • There was a break below a major bullish trend line with support at $6780 on the 4-hours chart of BTC/USD (data feed from SimpleFX).
  • The pair is now well below the $6500 level and remains in the bearish zone.

Bitcoin price struggled and moved below $6500 against the US Dollar. BTC/USD might continue to decline and it could even break $6000.

Bitcoin Price Turned Bearish?

It was yet another bullish week for bitcoin price as it moved above the $7500 level against the US Dollar. The price even managed to move above $7700 and traded to a new all-time high of $7773. Later, it failed to hold gains and started a downside move. It broke the 23.6% Fib retracement level of the last wave from the $5362 low to $7773 high. The downside move was strong as the price broke the $7000 level and the 100 simple moving average (H4).

Sellers even broke a major bullish trend line with support at $6780 on the 4-hours chart of BTC/USD. Moreover, the pair is now well below the 50% Fib retracement level of the last wave from the $5362 low to $7773 high. That’s why, there are chances of it extending declines in the near term. At present, the pair seems to be approaching the $6000 handle, which might act as a support. Once there is a break of the $6000 level, there are chances of more declines toward $5650.

On the upside, the broken support near $6750 and the 100 simple moving average (H4) are resistance zones. Selling rallies near $6750 can be opted in the short term as long as the price is below $7000.

Looking at the technical indicators:              

4-hours MACD – The MACD is gaining pace in the bearish zone.

4-hours RSI (Relative Strength Index) – The RSI is currently near the oversold levels.

Major Support Level – $6000

Major Resistance Level – $6750

 

Charts courtesy – SimpleFX

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CUDOS to tokenize assets on the Moon with 2024 Copernic Space Mission 5164

In a move that marries blockchain technology with lunar exploration, CUDOS is thrilled to announce its participation in the 2024 Moon Mission, spearheaded by Copernic Space. This marks a significant milestone for CUDOS and the future of the space economy and blockchain technology.

CUDOS has been at the forefront of leveraging blockchain for innovative uses for years. Now, it’s taking a giant leap – quite literally – by sending the Mainnet genesis file to the moon. This file, encapsulating the initial state and configuration of the CUDOS chain, symbolizes the boundless potential of blockchain technology beyond Earth.

A Monumental Leap for Blockchain

The Copernic Space 2024 Moon Mission and related lunar asset initiative, which features other leading players from various industries such as Axiom Space, Flash Motors, and SophiaVerse AI, signifies a bold step into the future of blockchain-based space commerce. CUDOS’s Mainnet genesis file will be part of the payload, destined for a volcanic feature on the moon known as Mons Latreille.

Tokenization Beyond Earth

CUDOS will send this code to the moon and transform this celestial endeavor into a unique digital asset, creating a one-of-a-kind NFT representing the Mainnet genesis file on the moon. This NFT will symbolize ownership and mark a pioneering moment in the tokenization of lunar assets. This lunar asset will be tokenized according to the industry standard Copernic Space has created over the past two years with various lunar companies. The forthcoming giveaway of this NFT offers a once-in-a-lifetime opportunity for participants to own a piece of blockchain history and one of the first verified lunar assets.

Mission Details

  • Launch Date: Set for Q3-Q4 2024.
  • Destination: The moon, targeting the volcanic area near Mons Latreille.
  • The Journey: Embarking aboard the SpaceX Falcon 9 Rocket with the CUDOS genesis file securely housed within the LifeShip capsule on the Firefly Ghost One lunar lander.
  • Tokenization: This mission transcends traditional asset tokenization, turning the CUDOS Mainnet genesis file into a tradable real-world space asset as an NFT.
  • The Medium: There will be a Copernic Space event with select partners at the SpaceX Rocket launch, a live stream watch party for the landing, and a Twitter space for the launch.

A New Era of Space Economy

This groundbreaking collaboration between CUDOS and Copernic Space heralds a new era of innovation at the intersection of blockchain technology and space exploration. The mission exemplifies blockchain’s boundless potential to drive space exploration and ownership innovation.

About CUDOS

CUDOS is a leader in blockchain and cloud computing solutions, dedicated to pioneering sustainable and decentralized technology. With a focus on innovation and community, CUDOS empowers technological progress, making strides in blockchain and cloud computing while championing sustainability.

For further information about CUDOS and the 2024 Moon Mission, visit https://www.cudos.org/mainnet/.

About Copernic Space

Copernic Space is a pioneering platform and marketplace, bridging the gap between the Earth and space by tokenizing celestial assets. Our innovative approach democratizes space commerce and investments, offering a transparent and efficient marketplace for individuals and organizations to access and trade space assets globally.

TRALA LAB Commits to zkSync to Revolutionize and Advance Global Gaming Industry 5536

TRALA LAB aims to leverage zkSync to accelerate new gaming era for millions of players

TRALA LAB has announced a strategic commitment to build on zkSync, a cutting-edge zero-knowledge (ZK) technology. TRALA LAB is a subsidiary of Joycity that has gained significant popularity in the global gaming market with blockbuster releases such as ‘Gunship Battle’ and ‘Freestyle’.

TRALA LAB has also entered into a collaboration with Matter Labs. Through the collaboration, TRALA LAB intends to leverage its comprehensive technical expertise and development support to publish a diverse range of AAA games on zkSync. Furthermore, the strategic collaboration between TRALA LAB and Matter Labs marks a significant step towards driving innovation and addressing key challenges in the global gaming market.

TRALA LAB is dedicated to revolutionizing the gaming landscape by addressing critical issues such as the lack of quality game content. With a focus on building long-term sustainable gaming platforms, TRALA LAB is set to onboard a range of AAA global game IPs, including highly successful titles like the Gunship Battle mobile game and the online sports game Freestyle, which recorded cumulative downloads of 150 million and 160 million respectively, across the world.

TRALA LAB aims to set new standards for quality game content while leveraging its established global marketing channels spanning 249 countries to introduce a new wave to the world stage. In addition to onboarding TRALA LAB’s games into the zkSync ecosystem, the strategic collaboration will involve collaborative efforts on the launch of TRALA’s gaming platform, utilizing the ZK Stack.

Rich Kim, Head of Web3 Entertainment and Media at Matter Labs, stated, “Joycity already has a proven record of being a successful global gaming company and owns numerous successful IPs. We are excited to see a variety of AAA games enter the zkSync ecosystem through TRALA in the future, and we also look forward to stimulating zkSync’s gaming ecosystem.”

TRALA LAB BD director Ivan Chung stated, “This collaboration with Matter Labs marks the first step in pioneering new avenues in the global gaming market, and we have high expectations for the synergy between TRALA LAB and Matter Labs. We are very pleased and excited to be able to contribute to the zkSync ecosystem through our games. Please keep an eye on us.”
About Trala

Trala Lab is an all-in-one blockchain gaming platform that aims to revolutionize the game industry by creating a simple and fun gaming experience. It provides an immersive and engaging environment for users to play, compete and interact with one another.

Lootex Revolutionizes NFT Marketplace with Smart Accounts and Token Swaps 5675

Lootex introduces Smart Accounts to simplify Web3 access and a token swap feature to boost NFT liquidity, setting new standards in digital asset trading. Alongside the Smart Frens project, these innovations promise a seamless, secure, and engaging platform for collectors and traders. This strategic move, underpinned by Lootex’s partnership with Mantle Network, aims to democratize blockchain technology and elevate the user experience.

Justine Lu, CEO of Lootex Technology, shares the platform’s inclusive vision, “At Lootex, we’re breaking down barriers to make the NFT and gaming world more accessible. Our focus is on simplicity and enjoyment, ensuring newcomers can easily join and thrive in this space. With innovations like ERC-4337 and ERC-404, we’re enhancing the user experience, aiming to create a welcoming, 404-friendly marketplace. Here, everyone can discover, trade, and connect, making Lootex a one-stop metaverse hub.”

Streamlining Web3 Access with Smart Accounts

Increasing the complexities of Web3 integration, Lootex introduces the Smart Account, leveraging the ERC-4337 standard for account abstraction. This innovation eliminates traditional hurdles, allowing for swift, five-second account creation akin to everyday email or social media sign-ups. Coupled with a gas fee sponsorship mechanism, this function represents a significant leap towards making NFT creation and trading more accessible and secure for everyone, from newcomers to seasoned traders.

A Unified Platform for NFT and Token Exchange

Responding to a surge in liquidity demands within the NFT sector, Lootex unveils its Swap NFT and fungible token function, supporting ERC-404 and other novel protocols. This development offers users a streamlined solution for exchanging and trading NFTs and tokens on a single, efficient platform.

The 404 Journey: A Path to Earn and Engage

The “404 Journey” event encourages users to earn $FRENS tokens through a series of actions from account opening to trading, with the opportunity to receive additional rewards. Unlike simple airdrop activities in general communities, by leveraging ERC-404 and to cater to the gaming-centric platform experience, Lootex has created the Smart Frens series with user avatars for players, who can participate in team trading competitions. The Smart Frens series utilizes the latest AI generation technology to create PFP avatars NFTs that stand out from the mainstream, single-background market, offering artistic, collectible, and identity showcasing values. With six roles and three levels of rarity, they reflect the user’s soulful identity status. The overall activity is divided into 4 phases starting from February 2024, rolling out simultaneously on the official website and community. For more details, please visit lootex.io.

Expanding Partnership with Mantle Network

The “404 Journey” is supported by a prize pool sponsored by the Mantle Network, highlighting the ongoing collaboration that has positioned Lootex as a pioneering NFT marketplace house on the Mantle blockchain since 2023. This partnership not only strengthens the bonds between Lootex and Mantle but also broadens Lootex’s platform capabilities and market reach, underscoring a shared dedication to enhancing blockchain technology and user experience.

“We’re thrilled to work with Lootex, whose innovative embrace of new technologies aligns with our vision at Mantle Network,” states the Sean Lee, the NFT Growth Lead of Mantle Network. “This strategic collaboration is set to revolutionize NFT trading, enhancing liquidity and user experience by combining our blockchain technology with Lootex’s forward-thinking platform. Together, we’re leading users seamlessly into Web3, setting new standards for the NFT ecosystem’s accessibility and engagement.

For further information about Lootex and its innovative offerings, visit lootex.io.

https://twitter.com/LootexIO
https://facebook.com/lootex.io
https://go.lootex.io/_dc
https://medium.com/lootex

About Lootex

Lootex is an innovative NFT marketplace designed for gamers and NFT lovers. Our mission is to make web3, blockchain, and new technologies more understandable and accessible. We aim to bring virtual assets to life and empower gamers with the information they need.

About Mantle Network

Mantle’s first core product is Mantle Network, a high-performance Ethereum Virtual Machine (EVM) modular layer-2 (L2) blockchain. Mantle Network’s modular rollup architecture separates transaction execution, data availability, and transaction finality into distinct layers. By virtue of being the first L2 network partner for restaking protocol EigenLayer, Mantle DA is powered by EigenDA technology, and inherits security from Ethereum while offering high performance at low fees.

The Open Platform is joining the Hong Kong Web3 Festival 2024 to accelerate Web3 development in the APAC region 5854

Open Platform press release

Hong Kong, April 2 – The Open Platform has announced participation at the Hong Kong Web3 Festival 2024 to showcase the unique value proposition of building on The Open Platform (TOP) and The Open Network (TON) for the Web3 ecosystem through its Asia-focused accelerator program. This collaboration spearheads Web3 development in the APAC region, offering unparalleled access to a diverse and active community.

The accelerator program stands out as the tipping point for blockchain development at the Hong Kong Web3 Festival, scheduled from April 4th to April 9th. This event is set to be one of the largest in Asia, bringing together builders, developers, and enthusiasts in the Web3 space. TOP’s involvement includes the Hacker House on April 4th, TON Investor Day on April 5th, and full-day keynotes on the main stage on April 8th.

Building with The Open Platform (TOP) leverages the unique combination of TON Blockchain and Telegram Messenger, the first Web3 app platform, with 900 million monthly active users worldwide. This platform allows third-party developers to build mini-apps for various purposes such as payments, food delivery, and e-commerce. TOP provides companies with investment and helps with operational setup. Most importantly, it provides unparalleled expertise in the field of Web3 products and social networks.

Media Contact:

Mariia Iordanidi
[email protected]

Website: https://top.co/

NobleBlocks: A New Approach to Scientific Publishing Through Decentralized Science (DeSci) 6065

NobleBlocks introduces a fresh perspective to scientific publishing with its blockchain-based platform, emphasizing Decentralized Science (DeSci). Striving for gradual and meaningful change, NobleBlocks offers an innovative solution to several longstanding challenges in scientific publishing, including inefficiencies, biases, and limited access to scientific research.

Addressing Scientific Publishing Challenges with Modesty and Innovation

Recognizing the intricate dynamics of scientific publishing, NobleBlocks introduces a thoughtful approach to enhancing accessibility and fairness in the dissemination of scientific knowledge. This is achieved through:

  • Decentralizing Scientific Publishing: Creating a more inclusive platform for researchers from diverse backgrounds to publish their work.
  • Efficient Peer-to-Peer Review Process: Streamlining the review process to ensure timely and objective evaluations of scholarly work.
  • Immutable Publication Records: Leveraging blockchain technology to maintain a permanent and unalterable record of publications.
  • Reduced Costs for Researchers: Lowering the financial barriers to publication, making it more accessible to a wider range of scientists.

Empowering the Scientific Community

NobleBlocks is more than a publishing platform; it is a network that fosters collaboration and social interaction among its users:

  • Social Peer Review Networking: Facilitating connections and discussions among peers to enhance the review process.
  • Collaboration-Focused Platform: Encouraging partnerships and collaborative efforts across various scientific disciplines.
  • Tokenized Rewards System: Recognizing and rewarding the contributions of reviewers and editors, fostering a community-driven approach.

A Multidisciplinary and Integrated Future

Embracing various fields, NobleBlocks encourages submissions from an array of disciplines, promoting a multidisciplinary approach to research. The integration of Web3 technology highlights the platform’s commitment to data ownership and user privacy, aligning with modern digital trends.

Future Prospects: AI Integration

NobleBlocks plans to incorporate AI to assist in managing the publication process more efficiently, further enhancing the platform’s capabilities.

Navigating New Paths in Scientific Publishing

While acknowledging the inherent challenges and risks associated with introducing new technologies, NobleBlocks is dedicated to navigating these challenges with a focus on responsible innovation and sustainability within the scientific publishing sector.

A Call to Join a Growing Scientific Network

NobleBlocks warmly invites researchers, academics, and innovators to participate in this evolving journey. Together, we aim to foster a more connected, accessible, and fair scientific publishing environment.

For more information about NobleBlocks and to join our network, please visit https://www.nobleblocks.com.

Introducing BounceBit Testnet Phase 2: App Store 6332

Following the success of BounceBit Testnet: BounceClub East-to-West Event launched on March 8, 2024, BounceBit announces the rollout of BounceBit Testnet Phase 2: App Store.

While the previously launched Testnet BounceClub Event will operate as usual without any changes, BounceBit Testnet Phase 2 highlights BounceBit App Store’s features and encourages developers to deploy on the BounceBit Testnet by submitting their decentralized applications (DApps) to the BounceBit App Store through GitHub pull request.

BounceBit Testnet Phase 2 mirrors the mainnet environment, offering developers, validators, full node operators, delegators, and users an early preview of the BounceBit Mainnet. This phase welcomes everyone to interact with the BounceBit PoS staking chain and the BounceClub ecosystem.

Here’s what you can expect from BounceBit Testnet Phase 2:

Deploy on BounceBit testnet

BounceBit Testnet Phase 2 offers developers the chance to get an early experience of deploying on the BounceBit chain by submitting their DApps to be listed on the BounceBit App Store. The BounceBit App Store features both in-house DApps and those built by community developers or external projects. To have your DApp listed on the BounceBit App Store, submit a pull request on BounceBit’s GitHub repository. The BounceBit team will then review and, if approved, list your DApp on the BounceBit App Store. DApps that are listed during Testnet Phase 2 will receive priority consideration for being listed on the BounceBit Mainnet App Store based on their performance.

For more details on the onboarding process, please refer to BounceBit’s official guide.

Stress-testing DApps

BounceClub owners and users are invited to participate in testing all DApps that are listed on the BounceBit Testnet App Store. BounceClub owners can select and add DApps to their BounceClubs, while BounceClub users can interact with the DApps when exploring different BounceClubs.

The BounceClub community plays a crucial role in evaluating the listed DApps’ performance and security, identifying vulnerabilities that need to be addressed. This Testnet Phase 2 contributes to the resilience and reliability of the BounceBit ecosystem, striving to maintain a smooth and secure environment for all BounceBit users.

Onboarding more validators

The BounceBit Testnet has kicked off with its first set of node operators during the BounceClub East-to-West Event. Currently, there are 24 active validators participating, with a combined staking amount totaling over 1000 $BBTC and over 283 million $BB.

For Testnet Phase 2, BounceBit aims to broaden the network by inviting more validators to participate. New validators will be guided through the onboarding process for Phase 2 via Discord.

Testing BounceBit’s tokenomics

BounceBit Testnet Phase 2 will continue the rigorous testing of BounceBit’s tokenomics, including token generation events (TGE), inflation rates, vesting schedules, gas fees, block sizes, and the validator slashing mechanism. Additionally, the BounceBit native LSD module’s performance will be observed continually.

About BounceBit

BounceBit is building a BTC restaking infrastructure that provides a foundational layer for different restaking products, secured by the regulated custody of Mainnet Digital and Ceffu. The BounceBit chain, designed as a showcase of a restaking product within the BounceBit ecosystem, is a PoS Layer 1 secured by validators staking both BTC and BounceBit’s native token – A dual-token system leveraging native Bitcoin’s security with full EVM compatibility. Critical ecosystem infrastructure like bridges and oracles are secured by restaked BTC. Through an innovative CeDeFi framework, BounceBit empowers BTC holders to earn yield across multiple networks.