Connect with us

Technology

CoinEx Research: Ethereum and Bitcoin Show Divergent Paths in August’s Turbulent Crypto Market

Published

on

HONG KONG, Sept. 6, 2024 /PRNewswire/ — CoinEx Research has released its comprehensive report on the cryptocurrency market for August, highlighting significant volatility, recovery, and key developments throughout the month. 

Bank of Japan Rate Hike
The decision by the Bank of Japan to increase interest rates led to significant market turmoil, triggering a global sell-off. Bitcoin, in particular, closed the month near $58,000. Bitcoin balances on exchanges dropped to a 2024 low of 2.39 million BTC, struggling to regain its footing amidst these economic shifts.

Market Condition
The cryptocurrency market is currently in a state of uncertainty, with the Fear & Greed Index slipping into “Extreme Fear” territory. This could present a buying opportunity for long-term investors willing to weather the volatility.

Bitcoin Staking
Babylon’s launch of Bitcoin staking was met with enthusiasm, quickly reaching full subscription of 1,000 BTC. This initiative temporarily spiked Bitcoin gas fees, reflecting strong demand for staking opportunities.

Ethereum‘s Struggles
Ethereum ETFs saw a positive net flow in August, recording a net inflow of $6.2 million, compared to a significant net outflow of $541.8 million in July, however, the price of Ethereum continues to face downward pressure. This is occurring even as Grayscale’s ETHE outflows have slowed, indicating ongoing challenges for Ethereum in maintaining price stability.

Sui’s Rise
Sui is gaining traction as a strong performer, particularly in the GameFi sector. Its unique value proposition sets it apart, even as it draws comparisons to Solana, highlighting the competitive nature of blockchain platforms.

Ton Ecosystem
The arrest of Telegram founder Pavel Durov resulted in a decline in Toncoin’s price and total value locked (TVL). However, the community has rallied, adopting the “Resistance Dog” meme coin avatar as a symbol of support and resilience.

SunPump on Tron
SunPump is emerging as a popular choice among meme coin traders on the Tron platform, challenging the dominance of Pump.Fun and showcasing the dynamic nature of meme coin markets.

Stablecoins Issuance
In a positive sign for market liquidity, stablecoin issuance increased by $4 billion in August. This suggests that despite the downturn, there is ample liquidity available, potentially setting the stage for a future market rally.

Conclusion

The CoinEx Research report paints a picture of a cryptocurrency market at a crossroads, influenced by macroeconomic factors and internal dynamics. The findings suggest that while the market faces challenges, there are also opportunities for growth and innovation. Looking ahead, the potential for interest rate cuts and other economic events could provide the necessary impetus for a market rally.

About CoinEx

Established in 2017, CoinEx is a global cryptocurrency exchange committed to making crypto trading easier. The platform provides a range of services, including spot and margin trading, futures, swaps, automated market maker (AMM), and financial management services for over 10 million users across 200+ countries and regions.

CoinEx Research remains committed to providing in-depth analyses and insights into the evolving cryptocurrency market, helping investors navigate through the complexities and opportunities that lie ahead.

To learn more about CoinEx, visit: Website | Twitter | Telegram | LinkedIn | Facebook | Instagram | YouTube

View original content:https://www.prnewswire.com/news-releases/coinex-research-ethereum-and-bitcoin-show-divergent-paths-in-augusts-turbulent-crypto-market-302240394.html

SOURCE CoinEx Global

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Aleut Achieves Prestigious CMMI Level 3 Certification in Four Key Domains

Published

on

By

RESTON, Va., Jan. 9, 2025 /PRNewswire/ — Aleut Federal LLC (Aleut) proudly announces it has earned Capability Maturity Model Integration (CMMI) Level 3 certification in four key domains: Development (CMMI-DEV), Services (CMMI-SVS), Security (CMMI-SEC), and People Management (CMMI-PPL). This significant achievement highlights Aleut’s commitment to operational excellence and its ability to deliver high-quality, efficient and secure solutions. It demonstrates Aleut’s strength in optimizing product development, improving service delivery, enhancing security, and aligning workforce management to drive performance and engagement. 

CMMI, developed by the globally recognized CMMI Institute, is a framework for assessing and improving organizational performance. Achieving Level 3 certification affirms that Aleut’s processes are clearly defined, consistently applied, and supported by robust standards, tools, and methodologies. This milestone underscores the company’s ongoing dedication to operational excellence, mitigating risk, and delivering measurable performance success.

“This certification shows our customers that Aleut doesn’t just meet their mission-critical needs – we excel at it,” said Nick Trzcinski, President of Aleut Federal. “We are committed to continuous improvement, innovation, and delivering exceptional value. Aleut is a partner our customers can trust.”

Aleut’s CMMI Level 3 certification enhances its ability to deliver high-quality outcomes across all projects while optimizing efficiency and minimizing risks. Complemented by the company’s ISO 9001 certification for quality management, these achievements reinforcing Aleut’s adherence to internationally recognized standards, solidifying its position as a reliable and innovative partner for federal clients.

To read Aleut Federal’s CMMI Appraisal, click here.

ABOUT ALEUT FEDERAL
Aleut Federal LLC, a holding company within The Aleut Corporation’s federal services portfolio, is an Alaska Native-owned enterprise delivering vital services to the U.S. government across four primary sectors: Technology, Mission Support, Environmental, and Construction. Established under the Alaska Native Claims Settlement Act (ANCSA) of 1971, The Aleut Corporation is one of 12 regional Alaska Native corporations. Aleut Federal’s subsidiaries, including Small Business Administration (SBA) certified 8(a) program participants and Small Disadvantaged Business (SDB) entities, bring specialized capabilities to meet the diverse needs of federal agencies.

By achieving CMMI Level 3 certification, Aleut Federal strengthens its standing as an industry leader, driving performance excellence while delivering mission-focused solutions with unmatched quality and efficiency.

Contact:
Berlyn Martin
Aleut Federal, LLC
Phone: 276-244-3319

View original content to download multimedia:https://www.prnewswire.com/news-releases/aleut-achieves-prestigious-cmmi-level-3-certification-in-four-key-domains-302347358.html

SOURCE Aleut Federal, LLC

Continue Reading

Technology

Lowell Observatory Scientists to Present New Research at American Astronomical Society Winter Meeting- Including New and Unexpected Insights on Planet Formation

Published

on

By

Lowell Observatory researchers will join more than 3,000 astronomers at AAS245 in Maryland from January 12-16, 2025

FLAGSTAFF, Ariz., Jan. 9, 2025 /PRNewswire/ — The American Astronomical Society’s winter meeting is the largest annual gathering of astronomers in the United States, and Lowell Observatory will be well-represented this year. Executive Director Dr. Amanda Bosh and Director of Science Dr. Gerard van Belle—both of whom just stepped into their positions—lead a contingency of more than a dozen scientists and support staff attending the meeting.

Lowell Observatory will be in attendance at Exhibitor Booth 521, with its astronomers, postdocs, predocs, and other researchers available to discuss their latest science research. Of particular note, Postdoctoral Fellow Taylor Kutra will share unexpected new ways planets may form, based on a study of a binary star system in Taurus that she leads. Kutra will present her findings during both a Tuesday (January 14) science session and Thursday (January 16) press conference.

Other Lowell Observatory scientists will present on topics including comets, asteroids, the Sun and Sun-like stars, exoplanets, a variety of star types, dwarf irregular galaxies, and space-based interferometry.

Bosh says, “The winter meeting of the AAS is a critical opportunity for astronomers at all stages of their careers to share their latest research and interact with colleagues from around the world. Lowell Observatory is pleased to send a strong contingency of our science team to actively participate in this year’s meeting in National Harbor.”

Media are welcome to attend AAS245 in person. A limited virtual attendance option is also available, with live access to press conferences, plenary talks, select town halls, and a virtual oral session. See https://aas.org/meetings/aas245/press.

AAS245 website: https://aas.org/meetings/aas245

AAS245 Presentations by Lowell Observatory Scientists: Full Schedule Here

About Lowell Observatory
Founded in 1894, Lowell Observatory in Flagstaff, Arizona, is a renowned nonprofit research institution. It is the site of historic and groundbreaking discoveries, including the first evidence of the expanding universe and the discovery of Pluto. Today, Lowell’s astronomers utilize global ground-based and space telescopes, along with NASA spacecraft, for diverse astronomical and planetary science research. The observatory hosts over 100,000 annual visitors for educational tours, presentations, and telescope viewing through a suite of world-class public telescopes.

View original content to download multimedia:https://www.prnewswire.com/news-releases/lowell-observatory-scientists-to-present-new-research-at-american-astronomical-society-winter-meeting–including-new-and-unexpected-insights-on-planet-formation-302347343.html

SOURCE Lowell Observatory

Continue Reading

Technology

CRTC consults on market dynamics within Canada’s broadcasting system

Published

on

By

OTTAWA, ON and GATINEAU, QC, Jan. 9, 2025 /CNW/ – Today, the CRTC is taking another step forward to implement the modernized Broadcasting Act (the Act) by launching a public consultation on market dynamics within Canada’s broadcasting system.

Through this consultation, the CRTC will explore the dynamics between small, medium and large broadcasters, television service providers and online streaming services. The goal is to help ensure that Canada’s broadcasting system is sustainable, fair and competitive.

The CRTC is welcoming comments until February 24, 2025. Interested persons can participate by:

filling out the online form;writing to the Secretary General, CRTC, Ottawa, Ontario K1A 0N2;sending a fax to 819-994-0218.

As part of this consultation, the CRTC will hold a public hearing starting on May 12, 2025.

All comments will form part of the public record and will inform the CRTC’s decision.

The launch of today’s consultation follows a number of recent actions the CRTC has taken to implement the modernized Act. To find out more, check out the CRTC’s regulatory plan.

Quick facts

The CRTC is an independent quasi-judicial tribunal that regulates the Canadian communications sector in the public interest. The CRTC holds public consultations on telecommunications and broadcasting matters and makes decisions based on the public record.First Nations, Inuit, and Métis peoples and Indigenous organizations requiring assistance submitting comments, including oral interventions, can contact the CRTC’s Indigenous Relations Team.

Associated links

Participate in the consultationRegulatory PlanModernizing Canada’s broadcasting framework

Stay Connected
Follow us on X @CRTCeng
Like us on Facebook

SOURCE Canadian Radio-television and Telecommunications Commission

Continue Reading

Trending