The post Coinbase Acquires Leading Onchain Capital Raising Platform, Echo in $375M Deal appeared on BitcoinEthereumNews.com. Crypto giant Coinbase is expanding its base once again. In a recent $375 million deal, the largest crypto exchange in the US purchased Echo, a leading onchain capital raising platform.  Cryptocurrency exchange Coinbase has acquired onchain capital raising platform Echo. Through Echo’s acquisition, Coinbase community members can more easily raise capital to grow.  Coinbase Makes Fundraising More Accessible Crypto behemoth Coinbase recently announced the acquisition of Echo, an on-chain capital raising platform for approximately $375 million in cash and stocks. Echo’s platform simplifies raising capital and investing and makes it more accessible to the community. Much like Coinbase, Echo believes in levelling the playing field in early-stage investing to enable more people to support next-generation, up-and-coming companies. According to Coinbase, this angel investor has pioneered tools which have made fundraising more “inclusive, transparent, and efficient.”  “Why?” You May Ask Coinbase explained its reasoning behind the decision to purchase Echo. The decision was driven by Coinbase recognising the struggles which individual investors face, and acknowledging the difficulty founders experience in raising capital. In its announcement, the company explained: “We want to create more accessible, efficient, and transparent capital markets. But today, founders often struggle to raise capital and individual investors don’t have the opportunity to invest in private token sales.” According to Coinbase, Echo is key in solving the issues it identified in raising capital. Echo allows projects to raise capital directly from its community in two ways – either through a private Echo sale or by self-hosting a public token sale using Echo’s Sonar platform. Coinbase explained that by joining forces and integrating Echo’s features onto its platform, it will allow more direct community participation through joining projects with capital, entirely onchain. Coinbase will begin the journey with Echo with crypto sales via Sonar, but later plans to… The post Coinbase Acquires Leading Onchain Capital Raising Platform, Echo in $375M Deal appeared on BitcoinEthereumNews.com. Crypto giant Coinbase is expanding its base once again. In a recent $375 million deal, the largest crypto exchange in the US purchased Echo, a leading onchain capital raising platform.  Cryptocurrency exchange Coinbase has acquired onchain capital raising platform Echo. Through Echo’s acquisition, Coinbase community members can more easily raise capital to grow.  Coinbase Makes Fundraising More Accessible Crypto behemoth Coinbase recently announced the acquisition of Echo, an on-chain capital raising platform for approximately $375 million in cash and stocks. Echo’s platform simplifies raising capital and investing and makes it more accessible to the community. Much like Coinbase, Echo believes in levelling the playing field in early-stage investing to enable more people to support next-generation, up-and-coming companies. According to Coinbase, this angel investor has pioneered tools which have made fundraising more “inclusive, transparent, and efficient.”  “Why?” You May Ask Coinbase explained its reasoning behind the decision to purchase Echo. The decision was driven by Coinbase recognising the struggles which individual investors face, and acknowledging the difficulty founders experience in raising capital. In its announcement, the company explained: “We want to create more accessible, efficient, and transparent capital markets. But today, founders often struggle to raise capital and individual investors don’t have the opportunity to invest in private token sales.” According to Coinbase, Echo is key in solving the issues it identified in raising capital. Echo allows projects to raise capital directly from its community in two ways – either through a private Echo sale or by self-hosting a public token sale using Echo’s Sonar platform. Coinbase explained that by joining forces and integrating Echo’s features onto its platform, it will allow more direct community participation through joining projects with capital, entirely onchain. Coinbase will begin the journey with Echo with crypto sales via Sonar, but later plans to…

        Highlights:  The BNB price is down 2% to $1111.46, despite the trading volume spiking 26%. The BNB on-chain demand has slipped, with the open interest plummeting 3% showing a drop in demand.  The technical outlook shows a tight tug-of-war, with the bulls attempting to overcome resistance zones.   The BNB price is down 2% today, to trade at $1111.46. Despite the plunge, the daily trading volume has soared 26% showing increased market activity among traders. However, BNB Chain has seen declining network activity, with the open interest plummeting, signaling a drop in demand.  On Chain Demand on BNB Cools Off The BNB Chain is in a state of cooldown of network activity, which indicates low on-chain demand. In most instances, when a network fails to ensure large volumes or revenues, it means that there is low demand or outflows to other networks.  BNB DeFi Data: DeFiLlama According to DeFiLlama data, the volume of the Decentralized Exchanges (DEXs) is down to at least $2.12 billion in comparison to the high of $6.313 billion on October 8, which also means low on-chain liquidity.  On the other hand, Coinglass data shows that the volume of BNB has grown by 3.97% to reach $4.95 billion. However, the open interest in BNB futures has dropped by 3.36% to reach $1.74 billion. This reduction in open interest is an indication of a conservative stance by investors since the number of new positions being opened is low. This could be an indication that investors are not so sure about the short-term price outlook. BNB Derivatives Data: CoinGlass Meanwhile, the long-to-short ratio is sitting at 0.9091. This shows that the traders are undecided on BNB price’s next move, as it sits below 1.  BNB Price Moves Into Consolidation The chart displays the BNB/USD price action on a 4-hour timeframe, with the token currently hovering around $1111.46. The 50-day Simple Moving Average (SMA) is at $1113, while the 200-day SMA sits at $1129, cushioning the bulls against upside movement. The price has mostly been trending below both SMAs, indicating that the bears are having the upper hand.  The BNB trading volume is up, soaring 26%, signaling the momentum is real. On the 4-hour chart, BNB is trading within a consolidation channel. In such a case, this pattern may act as an accumulation period, giving the bulls hind wings to break above resistance zones.  BNB/USD 4-hour chart: TradingView Zooming in, the Relative Strength Index (RSI) sits at 44.15, below the 50 level. This shows weakening momentum in the BNB market, and might lead to the RSI plunging to the oversold region if the bulls don’t regain control. In the short term, the BNB price could move up to $1113 resistance and flip it into support. A close above this zone will see the bulls target $1126 resistance, giving the bulls strength to reclaim the $1230 mark.  Conversely, if the resistance zones prove too strong, a dip towards $1012 could be plausible. In such a case, this could be a prime buy zone for the risk-takers. In the long term, if the token keeps the hype alive, the bulls may reclaim the $1375 high or higher.    eToro Platform    Best Crypto Exchange   Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users    9.9   Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.