Ethereum (ETH) Foundation Sells 100 ETH, Bybit Launches bbSOL Staking Product, and IntelMarkets Prepares to Revolutionize the Perpetual Futures Market

In a recent tweet, cryptocurrency on-chain data tracking service Lookonchain announced a large transaction from the Ethereum Foundation.

The Ethereum Foundation has sold 100 ETH amid the ongoing bear market, sparking panic among ETH holders as the leading altcoin continues to trend downwards.

Also, Bybit has launched a new Solana-based staking product, bbSOL. Meanwhile, a new platform, IntelMarkets, is allowing traders to tap into Perpetual Futures trading using AI technology and advanced trading tools.

Ethereum (ETH) Foundation Sells 100 ETH

In a recent tweet, cryptocurrency on-chain data tracking service Lookonchain announced a large transaction from the Ethereum Foundation. According to Lookonchain, the foundation sold 100 ETH on September 5th. 

As expected, this move from the foundation has angered the ETH community, which is now questioning the constant sales. Meanwhile, the Ethereum crypto price has been below the $3k mark for weeks. Also, new coins have outperformed Ethereum during this period. 

Besides, the launching of Ethereum ETF has done little to reduce the bearish sentiment in the market. With the cryptocurrency’s market cap still between $240 billion and $360 billion, there is still hope. Ethereum coin could rise to test the 50-Day SMA ($2,874.17). If this is successful, it would test the 200-day SMA ($3,188.02).

Solana (SOL) Staking Product, bbSOL, Now Available on Bybit

Bybit, the world’s second-largest crypto exchange by trading volume, has launched a new product, bbSOL. This unique product is expected to revolutionize the Solana ecosystem and bring a number of benefits to all stakeholders. 

Staking Solana on Bybit will give users access to earning opportunities through Bybit Web3 and CEX products. In the meantime, the Solana coin is trading below the 200-day SMA at $147.05.

The sentiment surrounding the cryptocurrency is currently bearish. Its 14-day RSI is in the neutral zone, meaning balanced momentum from bears and bulls.

Due to the price losses, the market cap of Solana crypto has been consolidating between $55 billion and $75 billion. Analysts expect a turnaround soon.

IntelMarkets Prepares To Revolutionize the Perpetual Futures Market

IntelMarkets (INTL) is a new cryptocurrency perpetual futures trading market that plans to disrupt the trading market. It has an advanced AI trading platform through which investors can easily trade their assets. Users have shown a lot of interest in the presale of IntelMarkets’ token, which has attracted over $230k in just a few days. 

Some characteristics of IntelMarkets include fast trading and transactions, low fees, high processing capacity, security, and direct access to liquidity pools. Because of IntelMarkets’s dual-chain platform, the trader has the opportunity to interact with the Ethereum or Solana chain at any time. 

In addition, IntelMarkets boasts of being equipped with the latest trading instruments, including a 1000x leverage, AI bot, real-time quotes, etc. It also has a copy trading feature, which is favorable for new traders who don’t know how to trade.

Due to these features, the platform has gradually gained popularity in the cryptocurrency sector. Analysts expect the price of Intel Markets’ INTL token to increase by more than 10x. That makes IntelMarkets a worthy cryptocurrency to buy for gains in the future.

Solana, Ethereum Traders Move To IntelMarkets for Perpetual Futures Trading

Solana and Ethereum traders are moving to IntelMarkets to trade perpetual futures, which had an average daily total trading volume of $101.9 billion last year. It offers a slew of features like high liquidity and leverage.

It also allows traders to use its AI trading bot and other tools to gain more advantage and make better trading decisions. That makes it a good trading platform to be part of.

Discover More About Intel Markets:

Presale: https://intelmarketspresale.com/

Telegram: https://t.me/IntelMarketsOfficial

Twitter: https://x.com/intel_markets

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