Dig Deeper, Invest Smarter
The post Ethereum Plans 4x Gas Limit Rise to Improve Performance appeared first on Coinpedia Fintech News
Ethereum developers are proposing a 4x increase in the gas limit to 150M for the upcoming Fusaka hard fork. This adjustment aims to boost Layer 1 (L1) execution, enabling the network to manage more transactions with greater efficiency. By raising the gas limit, Ethereum seeks to enhance its overall performance, ensuring smoother operations and better scalability as the network evolves.
HBAR has recently experienced a significant price correction, pulling the altcoin to a critical support level. As the market conditions continue to show weakness, the price action has left HBAR vulnerable.
However, this downside movement might be offering short traders a chance to avoid heavy liquidation losses.
The liquidation map indicates a situation of concern for short traders. Approximately $30 million worth of short contracts are poised for liquidation if the HBAR price rises to $0.18. This could cause massive losses for traders who are betting against the asset. However, the current price range near $0.157 has provided some relief as the market struggles to breach lower support levels.
If HBAR maintains its position above key levels, these traders may be spared the liquidation risk for now. Despite the challenging market conditions, this scenario actually provides a buffer for traders, helping them avoid significant losses.
The overall macro momentum for HBAR shows signs of potential downside pressure as the cryptocurrency approaches a Death Cross. The 200-day exponential moving average (EMA) is just over 3% away from crossing the 50-day EMA.
This technical formation, when confirmed, signals a possible continuation of the bearish trend and could push HBAR further down in the coming days.
The close proximity of these two EMAs has increased the chances of the Death Cross, which could result in further losses for HBAR holders. The market’s lack of substantial improvement and the growing uncertainty surrounding price action contribute to the likelihood of the Death Cross forming.
HBAR is currently trading at $0.157, holding just above the critical support level of $0.154. While it has managed to stay above this support for now, it remains vulnerable to falling through it if bearish sentiment intensifies. A break below $0.154 would likely trigger a deeper decline, with the next support level at $0.143.
If HBAR fails to hold the $0.154 support, a further drop could confirm the Death Cross formation. Should this scenario unfold, the price might continue downward toward $0.143, and further declines could follow, pushing HBAR toward $0.12 or lower.
On the other hand, if HBAR can bounce back from $0.154, a recovery rally is possible. Successfully flipping the $0.165 resistance into support could push the price toward $0.177. This movement would bring the liquidation scenario closer to reality, as short traders could face significant losses in a reversal.
The post HBAR’s $30 Million Short Liquidation Risk Eased by Death Cross: What Traders Need to Know appeared first on BeInCrypto.
Sometimes the difference between security and compromise comes down to a single click – and a healthy dose of suspicion.…
American crypto exchange platform Kraken has revealed its first Quarter (Q1) performance report as it recorded another big breakthrough start to the year. According to the update, the firm generated a total of $472 million in gross revenue, and its adjusted EBITDA is $187 million. As the firm noted, Kraken said it had a strong topline performance amid disciplined executions.
According to the company’s update, Q1 revenue marked a 19% year-over-year increase. The crypto exchange said its performance comes despite the slowdown in trading activity after its breakout record in Q4, 2024.
Despite the growth quoted, revenue declined by 7% for the quarter. However, the overall crypto exchange trading volume jumped 29% year over year. Kraken also saw an increase in funded accounts by 26% year over year amid massive adoption.
The outpacing of the broader crypto market benchmarks complemented these performance metrics. As the American trading platform noted, this boosts its overall market share and deeper client engagement trends.
Over the past few months, the exchange has expanded into new markets to boost its overall presence. As reported, it secured restricted dealer registration in Canada to expand its North American reach.
To further boost its market relevance, Kraken completed the acquisition of NinjaTrader, a cloud, multi-tech trading platform. As the bigger exchange noted in its financial update, NinjaTrader’s infrastructure and community align with its vision.
Through NinjaTrader, Kraken can now expand its reach to serve institutional clients in the mainstream TradFi market. Beyond NinjaTrader, the trading platform has robust activity, with platforms like PumpFun consistently liquidating their Solana stash through the trading platform.
The exchange also launched Kraken Pay, a new consumer app and staking product to offer users new value. Despite the visibility of core rivals like Coinbase and Binance, Kraken has maintained an impressive stance as a top market leader.
For a few years now, the idea of a potential Kraken public listing through an Initial Public Offering (IPO) has been a possibility. Although details were not disclosed in the current financial report, the exchange is considered a forerunner among top crypto firms and is billed for public listing this year.
Kraken’s businesses and operations do not currently face regulatory hurdles. The platform’s staking lawsuit has been closed under the new US Securities and Exchange Commission (SEC) leadership.
With this, the platform remains on the radar amid growing clamor for a new crypto regulation landscape.
The post Kraken Q1 Performance Metrics Soar as IPO Hype Grows appeared first on CoinGape.