Avalanche-Based Liquidity Protocol BENQi Receives 6 Million Dollars in Funding

BENQI, a non-custodial liquidity market protocol built on Avalanche, announced the completion of its $6 million strategic fundraising round, led by Ascensive Asset. The list of other strategic investors included Mechanism Capital, Arrington XRP Capital, Dragonfly Capital, MarketAcross, TRGC, Spartan Group, Woodstock Fund, and more. Explaining the importance of this investment, BENQI stated that it…

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Key Fundamental Data Suggests Bitcoin May Defy Bears

Last weekend, the Bitcoin price fell below the psychologically significant support level of $50,000. Furthermore, the 50 day moving average was breached to the downside and some popular technical indicators – such as the MACD – are flashing bearish warnings. The confluence of downwards price action, bearish signals, and negative news flow (primarily; a rumored…

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