Bittime - Market crypto today shows mixed movements. Apart from that, there is also news about the airdrop program, staking rewards, and Ethereum price predictions from Coinbase. The following are the highlights of today's crypto news, May 17, 2024.
Diverse Market Movements
Today, Friday, May 17 2024, the crypto market shows mixed movements with several main assets experiencing increases and decreases. Bitcoin (BTC) is still trading above $60,000, while Ethereum (ETH) is fluctuating around $3,000.
Recently, Coinbase predicted that the price of Ethereum (ETH) may experience an unexpected increase in the coming months. Despite lagging behind overall in 2024, Ethereum is considered to have strong fundamentals and the potential to exceed price growth expectations.
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Airdrop and Staking Rewards Program
Tevaera, a zkStack-based Layer 3 gaming platform, announced plans to distribute LayerZero token airdrops. As many as 90% of the total tokens allocated for the airdrop will be distributed to the Tevaera community, while the remainder (10%) will be allocated to developers.
Meanwhile, Mode, an OP Stack-based Layer 2 project, announced the launch of Staking v1.2. This latest staking program offers attractive prizes for users in the form of Optimism (OP) tokens. A total of 200,000 OP tokens will be allocated for this program, with distribution details of 20,000 OP per week for 10 weeks.
Bitcoin and Ethereum Options
Ahead of Bitcoin and Ethereum options expiring, Greeks.live summarizes data on delivery options for the two crypto assets. A total of 18,000 Bitcoin options will expire soon. The Put Call Ratio for Bitcoin options was recorded at 0.63, indicating the relative balance between market participants betting on price declines (puts) and price increases (calls).
A total of 320,000 Ethereum options will expire soon. The Put Call Ratio for Ethereum options was recorded much lower at 0.28. This figure indicates the dominance of market players who bet on a price decrease (put) compared to those who bet on a price increase (call). This reflects higher uncertainty in the Ethereum market.
Also Read How to Buy Crypto:
Crypto Crime
Pump.fun, a Solana token generation platform, was the target of a flash loan attack that cost users around $1.9 million. Based on data from SOL Scan, the hack was allegedly carried out by a former Pump.fun employee who abused internal access to withdraw funds.
The Pump.fun team moved quickly to address this attack. They have updated the platform contract to prevent further theft of funds. Additionally, Pump.fun has temporarily suspended trading activities to ensure user safety.
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How to Buy Crypto with Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
Pump.fun Becomes Target of Flash Loan Attack
Launch Staking Mode v1.2 with Rewards 200,000 OP!
Ethereum Price: Coinbase Predicts Potential Unexpected Rise!
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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