China News by Thebittimes.Com

The ai16Z price pumped 32% in the last week and 5% in the last 24 hours to trade at $0.4696 as of 11:21 p.m. EST on trading volume that skyrocketed 69% to $398 million.  ai16z Price Gearing Up Towards A Sustained Recovery The AI16Z/USDT chart on the 4-hour timeframe shows a prolonged downtrend following a sharp rally. The ai16z price has been in a falling wedge pattern, indicating a period of consolidation and selling pressure. However, recent price action suggests a breakout from this downtrend, as the ai16z price has moved above the upper boundary of the wedge around the $0.40 resistance, according to data from GeckoTerminal . A strong bullish candlestick has confirmed the breakout, and an upward trajectory is being anticipated. The chart also highlights a significant resistance level at around $0.79, which aligns with the 200-day Simple Moving Average (SMA). The price of AI16Z has now moved above the 50-day SMA, signaling a likely bullish recovery. Meanwhile, the Relative...

stake.link, a delegated liquid staking protocol, has revealed a significant extension to its upcoming staking initiative. A range of novel features and improvements have been included, which will enhance stake.link’s standing as the foremost Chainlink (LINK) staking solution. The recently unveiled capabilities presented by stake.link has been strategically developed to capitalize on the forthcoming version 0.2 of Chainlink Staking, which is scheduled to go live in Q4, according to the latest information shared with Finbold on September 21. One of the enhancements created by stake.link is a functionality referred to as the Priority Pool. The proposed solution aims to provide users with a streamlined and exceptionally effective procedure for staking LINK tokens in anticipation of Chainlink’s planned expansion of its capacity from 25 million to 45 million tokens. The priority pool facilitates the automation of LINK staking for depositors, hence enabling a seamless staking ex...

The shares were bought by FTX founder Sam Bankman-Fried and co-founder Gary Wang last year and have been tussled over since the collapse of FTX. Robinhood’s board of directors has approved a plan to buy back the $578 million stake in their company which was bought by former FTX CEO Sam Bankman-Fried and FTX co-founder Gary Wang last year. Robinhood confirmed it got board approval to buy back the stake in its fourth quarter report, which was published on Feb. 8. “Our Board authorized us to pursue purchasing most or all of our shares that Emergent Fidelity Technologies bought in May 2022," said Robinhood’s chief financial officer Jason Warnick, adding “The proposed share purchase underscores the confidence the Board of Directors and management team have in our business.” The FTX co-founders bought 55 million shares of Robinhood stock — worth $578 million at current prices — in May through Emergent Fidelity Technologies by taking out loans directly from FTX’s sister firm Alameda Res...