emc

ChainCatcher news, according to GMGN data, the market capitalization of the Memcoin $FARTCOIN on Solana has exceeded $1.5 billion, setting a new all-time high, making it a Top 10 in the Meme market.

ChainCatcher news, South Korean cryptocurrency exchange Bithumb announced that ORB and TEMCO have been designated as investment caution projects by the Korea Digital Asset Exchange Association (DAXA). Currently, Bithumb has suspended ORB and TEMCO deposits and will release a notice regarding the designated extension, lifting / termination of trading support in the third week of November.

ChainCatcher news, incubated by Future3 Campus, Edge Matrix Chain (EMC) has completed a $20 million financing round, led by Amber Group and P2 Ventures, with participation from well-known investment institutions such as One Comma, Kapley Judge and Associated Corporations, Cyberrock Venture Fund, Candaq Fintech Group, Hameem Raees Chowdhury, and others.Edge Matrix Chain (EMC) will use this financing to upgrade to an AI Layer1 infrastructure, further accelerating the expansion and development of its ecosystem. Users can obtain EMC tokens by participating in the testnet and experience the innovative AI public chain technology.

ChainCatcher news, Edge Matrix Chain (EMC) announced that the EMC Layer 1 blockchain testnet has officially launched. By participating in the EMC testnet, developers can fine-tune their applications to ensure they are scalable and ready for deployment on the mainnet. The testnet supports complex AI-driven processes and capabilities for secure financial transactions.

ChainCatcher news, the cryptocurrency research institution EMC Labs published on platform X that yesterday BTC plummeted to $58,400, approaching the adjustment low from early May but did not break below it, re-testing the lower edge of the new high adjustment range, and probing the upward trend line formed since October last year. In addition, the trading volume effectively increased, indicating that there is a large amount of capital supporting the sell-off in the $58,000~$60,000 range.According to the eMerge engine, short-term traders as a whole have entered a state of unrealized losses, and yesterday they sold 28,000 BTC while in a loss position, realizing over $100 million in losses. Currently, the market fear & greed index has dropped to 30, entering the "fear" zone. Based on comprehensive technical indicators, support levels, and the situation of various market participants, EMC Labs determines that the mid-term adjustment of BTC is likely to have ended, and the market will rebound at $58,400. In the extreme panic situation yesterday, 9% of the top 500 cryptocurrencies have started to rebound, and these projects' trends can be a key focus in the future market.

ChainCatcher news, recently, the crypto asset research institution EMC Labs released the May 2024 report titled "Policy Factors Intensify, Buying Power Gathers to Find Breakthrough Points."The report points out: Along with massive chip exchanges and severe market fluctuations, coupled with the delay in interest rate cuts, the inflow of funds into the stablecoin channel in May was only $341 million, far lower than the $8.9 billion and $7 billion in March and April. In contrast, the fiat funds in the ETF channel saw outflows on 5 out of 22 trading days in May, while recording net inflows on 17 trading days, with a total net inflow of $1.905 billion for the month, significantly higher than the $341 million in the stablecoin channel. In May, the Nasdaq index rebounded strongly, recovering all losses from April. The funds in the BTC ETF channel are currently more influenced by the Nasdaq index, and under the weak on-site funding conditions, its dominance over BTC prices is strengthening. Thus, the upcoming Nasdaq performance influenced by tech stocks may become the most significant factor determining BTC price trends.