The Donald Trump-themed meme coin MAGA (TRUMP) has tanked 15% over the past 12 hours following a less than convincing performance in the presidential debate held on Sept. 10. TRUMP hit an intraday high of $3.42 before his showdown with Democrat rival Kamala Harris. However, it dumped to $2.89 as the debate went on, and...Read More
On Sept. 10, ITC Crypto founder and CEO Benjamin Cowen identified a wedge chart pattern this cycle similar to previous cycles in 2019 but several orders of magnitude larger. He said that the ETH/BTC structure bottomed after an interest rate cut in 2019, and it appears to be mirroring that pattern now with an impending...Read More
GS Partners, a European-based entity involved in multiple cryptocurrency investment schemes, has agreed to refund all funds to investors in a settlement with five U.S. states. The agreement will see the firm pay back 100% of investor deposits in exchange for the dismissal of all civil claims and ongoing investigations. Investors Will Get Full Refunds...Read More
On September 11, 2024, Internet Computer (ICP) made waves in the cryptocurrency market with its impressive price performance. However, based on its chart and price action, it appears that ICP is just one step away from a potential 25% rally. Internet Computer (ICP) Price Performance At press time, ICP is trading near $8.8 level and...Read More
Japanese investment firm Metaplanet Inc. announced today that it has purchased an additional 38.464 BTC, worth approximately 300 million yen ($2 million). The Tokyo-listed company disclosed that this purchase brings its total Bitcoin reserves to 398.832 BTC, worth around 3.75 billion yen ($26 million). Metaplanet’s Shares Soar 5.87% Following the announcement, the company’s stock rose...Read More
North Carolina legislators have approved a bill that prevents the U.S. state from accepting central bank digital currencies (CBDC) as a form of payment or participating in any related tests conducted by any branch of the Federal Reserve. According to the roll call transcript for the voting session, the North Carolina General Assembly passed the...Read More
[PRESS RELEASE – Dubai, United Arab Emirates, September 10th, 2024] On the Path to IPO Amidst Strong Growth and Security Trust Invest, a next-generation cryptocurrency exchange, is gaining traction in the crypto world with its use of AI trading bots and its wealth management program. Trust Invest’s cutting-edge technology and personalized account management services have...Read More
[PRESS RELEASE – Los Angeles, United States, September 10th, 2024] Ethernity, the leading entertainment-focused Layer 2 blockchain solution, proudly announces a $10 million grant program dedicated to revolutionizing the entertainment and creator economy through development of Ethernity’s Layer 2. This substantial investment aims to support developers, founders, and startups building the future of digital entertainment...Read More
Bitcoin ETF manager Bitwise published a report this week explaining why almost every September – including this one – is a bad month for Bitcoin. The asset’s sour performance comes down to three factors: sinking risk assets, SEC enforcement actions, and a negative feedback loop. Bitcoin’s September Blues “Since bitcoin started trading in 2010, the...Read More
[PRESS RELEASE – Mumbai, India, September 10th, 2024] In a bold move to accelerate the growth of Web3 startups, IndSoft Cloud has launched a groundbreaking $100,000 Cloud Credit Program as part of its new IndSoft Cloud Accelerator initiative. This program is designed to empower blockchain innovators by providing critical resources and infrastructure to scale their...Read More
Bitcoin’s open interest is still relatively high, but analysts cannot say the same for altcoins. The total open interest for alts listed on major crypto exchanges, excluding ether (ETH), has fallen 55% from an all-time high (ATH) seen on March 25. The current aggregated value for these crypto assets is $8.75 billion, indicating that they...Read More
Following the arrest of Pavel Durov, CEO of Telegram on 24th August, Toncoin has recorded a drop of 32.97% in valuation. This has raised concerns on a great level about the future of the 9th largest cryptocurrency by market capitalization. However, with the release of Durov, the Toncoin price has started stabilizing. Moreover, amid an...Read More
[PRESS RELEASE – Singapore, Singapore, September 10th, 2024] The coalition will consist of top centralized exchanges including Bitget, HTX, MEXC and Poloniex among others Morph, the global consumer layer for driving blockchain adoption for the mass markets, today announced the launch of the Morph Centralized Exchange Coalition, an initiative composed of top centralized exchanges (CEXs)...Read More
The hacker responsible for the WazirX security breach has moved over $23 million worth of stolen Ethereum (ETH) in the past 24 hours. This comes amidst the exchange’s restructuring efforts which could see 55-57% of the stolen assets being returned to users. Funds Likely Heading to Tornado Cash According to Cyvers Alerts, the hacker transferred...Read More
[PRESS RELEASE – Singapore, Singapore, September 10th, 2024] Hexagon Studios, the web3-native team behind the #1 mobile game on Solana, Honeyland, proudly announces the launch of “TONs of Dungeons,” an innovative and engaging casual minesweeper game on Telegram. The game combines the thrill of endless dungeons with the chance to uncover hidden treasures and avoid...Read More
A higher low happens in a down-trending market when the last dip is not as deep as the previous one. This could be a sign of trend reversal as selling pressure wanes. The last dip saw BTC prices plunge to a low of $53,300, which was not as deep as the Aug. 5 crash to...Read More
Bitcoin’s price continues to show high levels of correlations with the landscape around the spot ETFs. This was further proven by the price actions on Monday evening. BTC jumped to over $58,000 for the first time in five days as the ETFs broke a two-week-long streak. Over the weekend, CryptoPotato reported the negative streak the...Read More
The approval of spot Bitcoin ETFs in January was one of the biggest moves in crypto this year, with funds generating a surge in demand for BTC. However, eight months after their launch, interest in those products appears to be waning. In a recent post on X, Jim Bianco, the CEO of Bianco Research, stated...Read More
Bitcoin had fallen to a danger zone between $56,600 and $52,500 on September 5. Last time this happened, Bitcoin touched $49,000 twice in one day on August 5. The recent fall of BTC under $56,600 caused huge tension in the market, as September is very notorious for being a red month for the largest cryptocurrency....Read More
USDT issuer Tether has made a move into the agriculture sector with a $100 million investment in Adecoagro, a South American agricultural firm. This marks its first venture into the agriculture and food industry, expanding its investment portfolio beyond its previous focus areas of technology and digital assets. Tether Acquires 9.8% Stake in Adecoagro In...Read More
Sections of the crypto community are accusing Democratic leaders of paying lip service to the sector while failing to deliver any actual support. This follows Kamala Harris’s policy priorities, which omitted cryptocurrency, and Chuck Schumer’s letter to senators outlining key bipartisan legislation that also excluded it. Harris’s Policy Fails to Mention Crypto This morning, Vice...Read More
MicroStrategy Executive Chairman Michael Saylor predicted on Monday that Bitcoin will reach $13 million over the next two decades. The billionaire explained why the leading digital asset’s recent volatility hasn’t frightened his company, and the advantages for investors to buy into MSTR instead. Bitcoin To $13 Million, Says Saylor During an interview with CNBC, Saylor...Read More
Bitcoin (BTC), the world’s biggest cryptocurrency by market cap appears to be recovering after its price hitting a monthly low of $55,500. In recent days, the BTC price has fallen by more than 10%, but over the past three days, it has jumped more than 5%, which could be considered a sign of a price...Read More
[PRESS RELEASE – Zurich, Switzerland, September 9th, 2024] Panda Ling, the latest meme token to emerge on the TRON blockchain, has introduced a Tap2Earn and Task2Earn platform designed to revolutionize crypto earning models. With its user-friendly interface and focus on engagement, the platform allows participants to earn $LING tokens by completing daily tasks and activities...Read More
[PRESS RELEASE – Miami, Florida, September 9th, 2024] Introducing Credit Coop, a new private credit platform making strides in supporting the growth of the Web3 ecosystem by providing innovative financing solutions that leverage future cash flows. This approach directly addresses the capital constraints that have long hindered the scalability of cryptonative businesses as they seek...Read More
[PRESS RELEASE – NY, NY, USA, September 9th, 2024] Preparing for mainnet, Cork secures investments from OrangeDAO, a16z CSX, Ideo Ventures, Steakhouse Financial, Outliers Fund, and Unbounded Capital, among others to accelerate launch Cork Protocol, which has built the new DeFi primitive similar to credit default swaps for pegged crypto assets, today announces its participation...Read More
[PRESS RELEASE – Singapore, Singapore, September 9th, 2024] ZKCandy is excited to announce the launch of the ZKcandy Voyage public testnet, a major milestone in ZKcandy’s mission to create a fast, low gas fee, and vibrant gaming ecosystem utilizing cutting-edge zero-knowledge proof technology, powered by ZKsync. The public testnet launch comes off the back of...Read More
Floki has rallied 7.5% this week as many other major cryptocurrencies break even. Similarly, Play-to-Earn (P2E) meme coin Shiba Shootout is garnering attention as its presale raise clears $1 million. Floki Price Booms As Ecosystem Continues to Build There are thousands of meme coins on the market, and most compete for the lowest-hanging fruit with...Read More
According to data from CoinShares, crypto investment products are experiencing a notable shift in investors’ sentiment. During the past trading week, they recorded staggering net outflows of $726 million, the highest outflow seen since March 2024. Bitcoin (BTC) saw the most outflow for the week, totaling $643 million, while short-bitcoin witnessed minor inflows of $3.9...Read More
Friend.Tech, the Web3 social networking platform that allows users to trade tokens for access to influential individuals’ feeds, is seemingly winding down just one year after its successful launch. On September 8, the developers behind it relinquished control of its smart contracts by transferring ownership to Ethereum’s null address. This action locks the system in...Read More
