Bitcoin Key Levels for the Day

BTC/USD has dropped 2.65% in the last 24 hours, currently trading at $95,844. Bitcoin (BTC) lost the $98,331 support, experiencing a correction. To resume its uptrend, BTC must reclaim $98,331 as resistance. Key support levels are $94,886 and $92,053.

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Ethereum (ETH): ETH/USDT has declined 4.40% in the last 24 hours, currently trading at $2,602. Resistance levels are $2,724, followed by $2,877. Support levels are $2,532 and $2,366.

FTX Token (FTT): FTT/USDT has gained 0.74% in the last 24 hours, currently trading at $2.0147. Resistance levels are $2.0205, followed by $2.2338. Support zones are $1.8059, with a deeper decline leading to $1.6427.

Sonic (S): S/USDT has increased 0.39% in the last 24 hours, currently trading at $0.4665. Resistance levels are $0.4807, followed by $0.5140. Support levels are $0.4119, with a deeper decline leading to $0.3670.

MANTRA (OM): OM/USDT has dropped 1.03% in the last 24 hours, currently trading at $5.8732. Resistance levels are $6.1344, followed by $6.4807. Support levels are $5.6678, with a deeper decline leading to $5.3793.

Trending Coins

The most trending coins in the last 24 hours are Solayer (LAYER), B3 (B3), and Koma Inu (KOMA). The top gainers are B3 (B3), Ket (KET), and AB DAO (AB), while the biggest losers are Fartcoin (FARTCOIN), aixbt by Virtuals (AIXBT), and Toshi (TOSHI).

Bitcoin Liquidation Map

In Bitcoin’s 12-hour liquidation heatmap, the largest liquidity cluster above is at $96,570 with $39.83 million in liquidations. The most significant liquidity level below is at $94,388, with $46.78 million in liquidations.

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The post The Latest on Bitcoin and Cryptocurrencies: 12 February appeared first on Coin Engineer.

Bithumb LAYER Listing Details

Bithumb announced that it will list the LAYER token with the KRW trading pair. The token can only be deposited through the Solana network, and investments from other networks will not be supported.

• Deposits and withdrawals: will be active as of February 11, 2025, 21:00 (KST).
• Trade opening: To be announced once liquidity is secured.
• Block confirmation: 20 block confirmations will be required.
• Price: Not yet set.

Trade Restrictions:

• Buying will be limited during the first 5 minutes.
• During the first 5 minutes, sell orders cannot be placed at levels 10% below and 100% above the reference price.
• Automatic orders will be active after the first trade is completed.

Upbit LAYER Listing Details

Upbit will support LAYER trading on KRW, BTC and USDT pairs.

• Deposits will be available starting February 11, 2025 at 21:00 (KST).
• Trade opening: To be announced once liquidity is established.
• Price determination: To be finalized after the reference price is set on CoinMarketCap.

Trade Restrictions:

• Buy orders will be blocked for the first 5 minutes.
• Only limit orders will be available for the first 1 hour.
• A separate announcement will be made by the exchange for the minimum selling price.

Security and Investor Alerts:

• The LAYER token can only be deposited and withdrawn through the Solana network.
• Transfers from unauthorized and unsupported exchanges will not be processed.
• It was emphasized that the cryptocurrency market is highly volatile and investors should act with their own responsibility.

LAYER stands out as a project that increases network efficiency by using the restaking model in the Solana ecosystem. Investors who want to learn more about the token can check Solayer’s official website and technical documents.

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The post Bithumb and Upbit List Solayer (LAYER) appeared first on Coin Engineer.

Binance Labs reportedly invested in Solayer earlier this month. Chu said the company’s investment falls under the same $12 million startup fund. Solayer also revealed last month a pre-seed fundraising round of an unidentified amount from angel investors, including Polygon co-founder Sandeep Nailwal and Solana co-founder Anatoly Yakovenko.

What is Solayer?

Designed after the trailblazing Ethereum restaking system EigenLayer, Solayer is a Solana restaking system. Restaking lets users maximize their returns by locking their staked assets once again in various protocols, so-called actively verified services (AVSs), so receiving extra incentives. Supporting a range of staked assets, including Jito SOL, other liquid staking tokens, or any Solana-based token, Jito, a Solana liquid staking protocol, also joined the Solana restaking arena last month after the Jito Foundation published the code for Jito restaking.

Chu said, “Unlike EigenLayer and Jito, which initially focus on exogeneous AVSs (e.g., cross-chain bridges, oracles, shared sequencers, and other non-mainnet systems), Solayer aims to start with native Solana on-chain dApps (referred to as endogenous AVSs) and assist them in reserving block space and prioritizing transaction inclusion based on the amount of stake delegated to them.”

Solayer initially turns SOL into an intermediary form called sSOL-raw, the liquid staking token (LST) provided by the stake pool management, enabling native Solana (SOL) restaking, according to its website. After additional interaction with the Solayer restaking pool management, the site notes, the sSOL-raw is then transformed to sSOL. Solayer claims on its website to have rested over $186 million from about 104,500 depositors within weeks of its start. Based on DeFiLlama, Solana’s 13th largest protocol ranks here.

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The post Solayer Labs Raises $12M in Seed Round Led by Polychain appeared first on Coin Engineer.

Integration Details and User Benefits

On the OKX Wallet’s official X – formerly Twitter – post, the wallet gladly announced the newest integration. The wallet platform noted that wallet users can now restake their SOL tokens on Solayer with the help of the services that OKX Wallet offers.

Restaking is an essential process within blockchain systems, mainly for the likes of Solana. It entails actions such as locking the staked coins with validators, which enhances the blockchain’s efficiency and security. Thanks to this integration, the users of the OKX Wallet can take part in this important process thus becoming the custodians of the Solana network security.

Broadening the Ecosystem

The integration with Solayer proves the desire of OKX Wallet’s platform to develop its ecosystem and create the useful offers for users in the sphere of blockchain. In this way, through funding and promoting qualitative projects such as Solayer, OKX Wallet guarantees the availability of innovative services and tools to its consumers in the sphere of cryptocurrencies.

Thus, with the smooth transition to SOL restaking on Solayer, both newbies and experienced crypto users can effectively employ it and strengthen OKX Wallet’s recall to provide various and convenient solutions for staking cryptocurrencies.

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The post OKX Wallet Integrates with Solana’s Solayer for Enhanced User Experience appeared first on Coin Engineer.