Tag: agreement

Dogecoin rises 18% as the trade agreement promotes cryptocurrency market activity

[ad_1]

  • The commercial agreement between the United States and the United Kingdom raised the feeling of investors in digital assets.
  • At the time of writing this article on Friday, Doge quoted at approximately $ 0.206.
  • Open interest increased 18% to 2,170 million dollars, driven by long positions.

    • Dogecoin (Doge) rose 18% this week, recovering the USD 0.20 brand after exceeding key technical levels on Thursday.

    The rebound occurs after a new commercial agreement signed between the United States and the United Kingdom, which triggered a bullish impulse throughout the cryptocurrency market.

    The Doge’s upward movement reflects the broader optimism of investors, with recoveries throughout the market that help it exceed the exponential mobile socks (EMA) of 50 and 100 days, historically strong resistance areas for the meme currency.

    At the time of writing this article on Friday, Doge quoted at approximately $ 0.206, having established a support base above $ 0.20.

    The renewed interest was accompanied by a strong increase in the volume of negotiation and the activity of derivatives, which suggests a greater participation of institutional and retail operators.

    Fountain: Coinmarketcap

    $ 13 million in liquidations

    The Dogecoin rebound caused a wave of liquidations in the futures market, with approximately USD 13 million in positions eliminated in the last 24 hours.

    According to Coinglass datashort liquidations represented the majority with USD 11.3 million, while the lengths represented only USD 1.6 million.

    This imbalance indicates a manual Squeeze Short, in which a strong price increase forces traders with bearish positions quickly, pushing even higher prices in the process.

    The open interest (OI) in Doge’s futures also rose 18% to USD 2.17 billion, a sign of the growing appetite of the operators.

    The increase in OI, especially long positions, suggests that market participants are positioning for new increases.

    The relationship between long and short of 2,4602 binance positions reinforces this trend, showing that more traders bet because Doge Suba.

    The volume activity joined the bullish confirmation. The volume of operations of 24 hours of Doge shot 74.49% to the USD 4.5 billion, with a high volume during an upward trend that is generally considered a confirmation of the force of the impulse.

    The head and inverse shoulders point to a rupture of USD 0.24

    Dogecoin has come out of a classic inverse and shoulders, often seen as a sign of bullish reversal.

    The structure, observed in the daily chart, projects a potential movement of 33% from the level of rupture, which places the next target price around 0.24 dollars.

    The projection is based on the pattern height, measured from the head to the neckline, and is applied above the breakdown.

    Currently, Doge is trying to stabilize above the 100 -day EMA at 0.20 dollars.

    If this support is maintained, it is likely that the bullish impulse will continue in the next sessions.

    The MACD indicator also shows a positive divergence, with green bars in the histogram on the central line that point to an increase in bullish pressure.

    However, traders must remain cautious. The RSI has reached 70.31, entering the overcompra zone.

    While this does not immediately indicate a reversal, it often precedes short -term corrections.

    In the event that Doge goes back from the current levels, the 50 -day EMA in USD 0.18 can serve as a key support and reentry zone.

    Share-This-Article
    Categories

    [ad_2]

    https%3A%2F%2Fcoinjournal.net%2Fes%2Fnoticias%2Fdogecoin-sube-un-18-a-medida-que-el-acuerdo-comercial-impulsa-la-actividad-del-mercado-de-criptomonedas%2F

    Polymarket faces the scrutiny for the manipulation of bets on Trump’s mining agreement with Ukraine.

    [ad_1]

    • Polymarket criticized for incorrect result of “yes” in commitment to agreement of US $ 7 million between Trump and Ukraine.
    • There are complaints of governance manipulation by a UMA whale.
    • Polymarket moderators have said there will be no refunds.

    Polymarket, the world’s leading decentralized prediction market, faces a wave of criticism after the controversial resolution of a high profile.

    The market in question bet on whether US President Donald Trump would accept an agreement on rare earths with Ukraine before April.

    Despite not having evidence that such an event occurred, The market closed with a “yes” on March 25, 2025 what generated outrage among users and questioned the integrity of the platform. With a volume of operations of more than 7 million dollars, the result has fed concerns about possible manipulations and vulnerabilities of governance.

    Polymarket governance attack linked to the oracles of the UMA protocol

    The reaction focuses on the accusations of an “attack on governance” related to the use by Polymarket of the Blockchain oracles of the UMA protocol, which verify events of the real world to liquidate bets.

    The cryptographic threat researcher Vladimir S. pointed to a single “whale” of UMA who allegedly handled 5 million tokens in three accounts, which represents 25% of the total votes, to force the incorrect liquidation.

    This measure, argued on March 26, allowed the tycoon to benefit at the expense of other merchants.

    Polymarket has been committed since then to prevent such incidents, but the damage to its reputation has already taken root. However, not everyone agrees with the narrative of manipulation.

    The pseudonym user of Polymarket, Tenadome, offered a different opinion, suggesting that the fault was negligence instead of malice.

    In an March 26 publication, Tenadome said that the decision came from the usual voters of UMA – many affiliated with the protocol team – that do not quote in Polymarket. Ignoring the clarification of the market, they opted for a quick resolution to ensure rewards and avoid sanctions, he argued.

    This opposed perspective has only deepened the debate on accountability.

    Polymarket rules out reimbursements

    To increase user frustration, Polymarket moderators ruled out reimbursements. The Moderator Tanner acknowledged that the resolution challenged the expectations and the guidelines of the platform, but said it was not a “market failure” that justified compensation. This decision has left many operators feeling betrayed by a platform that is proud of their transparency.

    In response, Polymarket promised to implement new monitoring systems to address what he called an “unprecedented situation”, although the details are not yet clear.

    It should be noted that the controversy arises in the midst of a generalized boom of the prediction markets, promoted by the US presidential elections of 2024.

    Coingcko data shows that the volume of bets on the three main platforms shot 565% in the third quarter of 2024, reaching 3.1 billion dollars, compared to 463.3 million of the previous quarter.

    Polymarket, which controlled more than 99% of the market share in September, has been a key driver of this growth. However, as this incident reveals, its rapid ascent can be exposing cracks in its decentralized framework, leading to observers to wonder if more strict supervision is necessary to maintain confidence in the future of the platform.

    The Post Polymarket faces the scrutiny for the manipulation of bets on Trump’s mining agreement with Ukraine. Appeared First on coinjournal.



    [ad_2]

    https%3A%2F%2Fcoinjournal.net%2Fes%2Fnoticias%2Fpolymarket-se-enfrenta-al-escrutinio-por-la-manipulacion-de-apuestas-sobre-el-acuerdo-minero-de-trump-con-ucrania%2F

    Exit mobile version