August 5 BTCUSD BingX Chart Analysis and Today's Headline
BingX’s Bitcoin Chart
According to blockchain analytics firm Chainalysis, there have been 13 separate bridge hacks this year, the most recent being the $190 million Nomad Bridge exploit. Bitcoin is down 1.52% over the last 24 hours and fell to an intraday low of $22,400.00. The relative strength index (RSI) is slightly above the midpoint, indicating that bulls still have a slight edge. The BTC/USDT pair has been trading around the 20-day exponential moving average (EMA) ($22,592) for the last few days, suggesting this is a vital indicator for both bulls and bears. If the bulls are unable to hold the price above the 20-day EMA ($22,592), the bears will attempt to pull the pair below the 50-day simple moving average (MA) ($21,352). Conversely, if the price bounces from the 20-day EMA ($22,592), the bull will attempt to push the price above $24,000.
Today’s Cryptocurrency Headline
Uniswap DAO Proposes to Create Uniswap Foundation
A proposal was submitted today in the Uniswap governance forum for the creation of Uniswap Foundation, a new entity that is completely independent of Uniswap Labs, which has the mission to support decentralized growth and sustainability of the Uniswap Protocol and its supporting ecosystem and community. The foundation will be led by former Uniswap Labs Chief of Staff Devin Walsh and Grants Program Lead Ken Ng, with Devin Walsh serving as executive director and Ken Ng serving as head of operations. It requested a total budget of $74 million, with $60 million for the Uniswap grant program and $14 million in the operating budget to build out a full team of 12 over the next two years. The foundation is also requesting 2.5 million UNI to participate in governance.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
According to blockchain analytics firm Chainalysis, there have been 13 separate bridge hacks this year, the most recent being the $190 million Nomad Bridge exploit. Bitcoin is down 1.52% over the last 24 hours and fell to an intraday low of $22,400.00. The relative strength index (RSI) is slightly above the midpoint, indicating that bulls still have a slight edge. The BTC/USDT pair has been trading around the 20-day exponential moving average (EMA) ($22,592) for the last few days, suggesting this is a vital indicator for both bulls and bears. If the bulls are unable to hold the price above the 20-day EMA ($22,592), the bears will attempt to pull the pair below the 50-day simple moving average (MA) ($21,352). Conversely, if the price bounces from the 20-day EMA ($22,592), the bull will attempt to push the price above $24,000.
Today’s Cryptocurrency Headline
Uniswap DAO Proposes to Create Uniswap Foundation
A proposal was submitted today in the Uniswap governance forum for the creation of Uniswap Foundation, a new entity that is completely independent of Uniswap Labs, which has the mission to support decentralized growth and sustainability of the Uniswap Protocol and its supporting ecosystem and community. The foundation will be led by former Uniswap Labs Chief of Staff Devin Walsh and Grants Program Lead Ken Ng, with Devin Walsh serving as executive director and Ken Ng serving as head of operations. It requested a total budget of $74 million, with $60 million for the Uniswap grant program and $14 million in the operating budget to build out a full team of 12 over the next two years. The foundation is also requesting 2.5 million UNI to participate in governance.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
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