BLACKROCK SET TO RELEASE #XRP ETF APPLICATION IN THE NEXT FEW DAYS!! 🚨
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Get ready, XRP holders—exciting times are ahead! 🌟🚀
Key Highlights:
BlackRock’s Major Move: BlackRock, one of the biggest names in finance, is about to submit its #XRP ETF application. This move is set to make waves in the crypto world 🌊📈.
Anticipation for XRP: The release of this application could significantly impact XRP’s market. With BlackRock’s influence, we’re looking at potential new heights for XRP holders 📊💰.
What to Expect: The ETF application could pave the way for broader institutional adoption and drive massive interest in XRP. Prepare for possible market volatility as this news unfolds 🔍📉.
To the Moon!: With BlackRock’s endorsement, XRP might be on a rocket to new heights! 🚀🌕
Stay Tuned: Keep an eye on this development and be ready for some exciting changes. The future looks bright for XRP—are you ready for the ride? 🌟
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🚨Get Ready for a Crypto Surge! ⚡💥 5 Coins That Could Blow Up This Week!
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Top 5 Cryptos That Could Surprise You with Explosive Growth This Week! 🚀
The crypto world never sleeps! With market changes happening constantly, here are the 5 coins that could make huge moves this week. From decentralized finance to super-fast payments, these cryptos are the future of finance. Let’s dive into the hottest picks that could surprise you with their growth!
1. Ethereum (ETH): The DeFi Powerhouse 🔥
• Current Price: $2,502.01
• Market Cap: $301.1B
Ethereum is the king of decentralized finance and smart contracts. Its ability to host countless Altcoins and DeFi projects has made it a top contender for investors. If you’re looking for a blockchain that powers the future of DApps and returns insane profits (over 270% annually), Ethereum is the one to watch.
2. Binance Coin (BNB): Fuel for the Binance Ecosystem 💸
• Current Price: $508.54
• Market Cap: $77.1B
Binance Coin isn’t just a token; it’s the lifeblood of the Binance exchange. With applications across Binance Chain and Binance Smart Chain, BNB’s price is tightly linked to Binance’s expanding influence. At over $500, BNB is set to play a major role as Binance continues to dominate the crypto space.
3. Solana (SOL): The Speed Demon of DeFi ⚡
• Current Price: $133.28
• Market Cap: $62.1B
Solana is a game-changer in the world of decentralized finance, offering lightning-fast transactions at incredibly low fees. Its unique hybrid consensus (PoH + PoS) model positions it as a potential future leader of DeFi. If you’re looking for speed and scalability, Solana is the crypto to keep an eye on!
4. Ripple (XRP): The Payment Revolution 🌍
• Current Price: $0.5669
• Market Cap: $31.9B
Ripple is transforming how we think about cross-border payments. With transactions that are fast and super cheap, XRP is already a favorite among banks and remittance services. As the world moves toward clean energy, Ripple’s eco-friendly design is set to make waves in the global financial system.
5. Cardano (ADA): The Blockchain for Change Makers 🌱
• Current Price: $0.3298
• Market Cap: $11.8B
Cardano is building a better, fairer future by using blockchain to empower institutions and individuals. Its scientific approach and strict adherence to peer-reviewed principles make it one of the most reliable and innovative blockchains out there. With smart contracts now live, thanks to the Alonzo hard fork, Cardano is poised to lead the next wave of blockchain tech.
This week’s crypto market is heating up, and these coins could be the ones to explode! Which one will surprise you the most? Let’s talk about it! 💬
$SOL
SOL
130.09
-2.67%
$XRP
XRP
0.5434
-3.06%

BNB
500.9
-1.45%
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Justin Sun’s SunSwap Burns Over $8M Worth of SUN Tokens
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Justin Sun’s SunPump burned $8.24 million worth of SUN tokens using a method called buyback and burn.
SunPump has switched to a 100% on-chain buyback and burn process, replacing the old LP token burning method.
On September 4, Justin Sun, the founder of Tron, announced on X that SunPump has burned over $8 million worth of SUN tokens from its supply, with an additional $4 million set to be burned soon.
SUN Token Burn (Source: SunSwap )
In the last 24 hours, over 28,999,138.3071 SUN tokens valued at $819K have been burned. Currently, SunSwap on-chain data indicates that over 10.97 million SUN tokens, valued at approximately $3,11613, remain to be burned. In total, more than 294 million SUN tokens have already been burned, equating to around $8.35 million.
In a recent shift, the SunPump community decided to replace the previous method of burning LP (liquidity pool) tokens with a new approach—100% on-chain buyback and burn. This change, made on September 3, was driven by the community’s difficulties in understanding LP token burning, which led to some confusion.
Burning records are updated in real time on the official website, giving transparency to the process.
SunPump’s Latest Update
SunPump, the first Tron-based meme coin generator, recently outperformed its Solana-based rival, Pump.fun, in daily revenue by over $200,000. This is particularly notable as SunPump was launched on August 9.
As per the current update, SunPump’s smart contract will continuously use 0.05% of each transaction’s value on SunSwap V2 to purchase SUN tokens, which are then burned by depositing them into a designated address every four weeks. This address is linked to the TRON blackhole, ensuring the tokens are permanently removed from circulation.
Justin Sun also mentioned on X that the revenue buyback and burn process is expected to be completed within a few days.
Despite recent positive news surrounding the SunPump meme coin, the SUN token has experienced a notable decline. Over the past 24 hours, the SUN token’s price has dropped by over 14.5%, currently trading at $0.02871. The market cap of SUN stands at approximately $285 million.
Highlighted Crypto News Today
1inch Network Dives Deep Into DeFi with $1M Token Purchase
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Analysts Share Latest Cryptocurrency Predictions
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COINTURK NEWS > Technical Analysis > Analysts Share Latest Cryptocurrency Predictions
Technical Analysis
Analysts Share Latest Cryptocurrency Predictions
In Brief
Bitcoin price attempts a rapid return to $57,500.
Analysts share mixed evaluations of the current market.
September historically brings new lows in cryptocurrency.
COINTURK NEWS
COINTURK NEWS
Bitcoin (BTC) price is attempting a rapid return to $57,500 at the time of writing. Will it be permanent? Unknown, but we predicted this outcome 50 minutes before the JOLTS data was released. So, what do the current market predictions of three popular analysts indicate?Analysts’ Cryptocurrency Comments
The new week did not start well, and the demoralizing historical performance of September was already preparing investors for such a nightmare. Three popular analysts shared their evaluations of the markets in the last few hours. First up is Poppe, who expects ETH price to rise against BTC. ETH is still below the $2,500 support at the time of writing. Access COINTURK FINANCE to get the latest financial and business news.
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Solana Price Drops 12% as Pump.fun Sells $41M in SOL Tokens
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The price of Solana (SOL) has experienced a sharp decline, falling 12% over the past week, largely due to significant selling activity from memecoin platform Pump.fun. This comes at a time when Solana could potentially be the next major cryptocurrency to receive a spot ETF listing, a development that could act as a price catalyst.
SOL Price Falls Amid Pump.fun Sales
As of 11:06 am UTC on September 4, Solana's price had dropped to $128, a 12% decrease over the week and a 3.8% decline on the daily chart, according to data from Cointelegraph. The decline followed Pump.fun’s sale of another $1.38 million worth of SOL tokens, as reported by blockchain tracker Lookonchain in a Sept. 3 post on X (formerly Twitter).
This brings Pump.fun’s total sales to $41.64 million worth of SOL at an average price of $157.50 per coin. Such large-scale sales by whales—entities holding significant amounts of cryptocurrency—can influence market prices, as traders often take their cues from these selling patterns.
Are Memecoins Contributing to Solana's Price Pressure?
The recent memecoin craze on the Solana network may be putting downward pressure on the token’s price. According to crypto trader and podcast host Luke Martin, Solana's price rally stalled when users began launching large numbers of meme tokens on Pump.fun. In a Sept. 4 X post, Martin noted that Solana’s price halted its upward trajectory around the time when memecoin launches surged.
Solana’s price has also been closely linked to Bitcoin’s performance. Over the past three months, Bitcoin's price has fallen by nearly 18%, while Solana has dropped 22%, according to data from Bitstamp.
Could a Solana ETF Provide a Price Boost?
Despite recent price declines, Solana could see a turnaround if a spot exchange-traded fund (ETF) for the token is approved. Brazil’s first Solana ETF was greenlit on August 7, paving the way for other jurisdictions, including the U.S., to potentially follow suit.
While the approval of a Solana ETF in the U.S. remains uncertain, it could act as a strong price driver if it happens, says Alejo Pinto, founder of Solana Layer-2 network Lumio. He told Cointelegraph that because a U.S. ETF approval is currently seen as unlikely, any positive decision would likely lead to a price increase.
Manthan Dave, co-founder of Ripple-backed digital asset custody platform Palisade, echoed this sentiment, stating that a Solana ETF could be approved by the end of 2024, possibly as early as this year.
Historically, ETFs have had a significant impact on the price of underlying assets. For example, spot ETFs accounted for 75% of new Bitcoin investments by mid-February 2021, helping the cryptocurrency break the $50,000 mark.
With the potential for a Solana ETF on the horizon, investors are keeping a close eye on market developments as they navigate the memecoin surge and broader crypto market trends.
sol #Solana
SOL
132.96
+2.16%

Notice:
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Bitcoin DeFi Capitalization Forecast
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A Bitcoin DeFi developer predicts that the capital invested in Bitcoin-based DeFi protocols may surpass that of Ethereum in the next two years. Branden Sedo, a contributor at Bitcoin sidechain Core DAO, believes that the trillion dollars currently held in the Bitcoin ecosystem will gradually move on-chain, potentially exceeding Ethereum's capital. Sedo highlights the potential influx of institutional capital into Bitcoin through exchange-traded products, leading to increased adoption of Bitcoin sidechains and DeFi applications. Despite initial skepticism following platform collapses in 2022, Sedo notes a shift in Bitcoiners' attitudes towards utilizing their assets in non-custodial DeFi platforms. Core DAO's staking approach and bridge technology have contributed to its success, making it the largest Bitcoin sidechain with significant Total Value Locked (TVL). The growing interest in Bitcoin DeFi signals a promising future for the network's expansion and development. Read more AI-generated news on: https://app.chaingpt.org
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Polygon Upgrades from MATIC to POL!
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🚀 What This Means for the Future of DeFi!
Big news for the crypto world! 🌟 Polygon is set to upgrade its token from MATIC to the new POL token, bringing a wave of changes and enhancements. Here’s what you need to know! 🔄💥
🔍 What's Happening?
On Wednesday, Polygon will initiate the upgrade as part of its “Polygon 2.0” roadmap. This transition marks the shift from the longstanding MATIC token to POL, aimed at enhancing flexibility and functionality within the Polygon ecosystem.
🔑 Key Changes:
- New Token: POL will replace MATIC as the native token for the Polygon PoS (Proof-of-Stake) network.
- Enhanced Flexibility: POL introduces a 2% annual emission rate, supporting new token issuance and rewards.
- Broader Role: POL will be integral in the AggLayer system and the upcoming Polygon staking hub, expected to launch in 2025.
📈 Why It Matters
The upgrade from MATIC to POL is more than just a token change. It signifies Polygon’s commitment to evolving its technology and tokenomics for better ecosystem support and flexibility. Here’s what’s driving the change:
- Tokenomics: The new POL token will feature an annual emission rate of 2%. This allocation includes rewards for validators and funding for the community treasury, which will support various activities within the ecosystem.
- Future Prospects: POL will play a critical role in block generation, zero-knowledge proofs, and Data Availability Committees (DACs), enhancing Polygon’s infrastructure and capabilities.
🌟 Looking Ahead
This upgrade represents a significant step in Polygon’s evolution, aiming to boost decentralization, support validators, and foster ecosystem growth. With the introduction of POL, Polygon is setting the stage for a more dynamic and scalable blockchain environment.
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Here’s Why the Ethervista, Uniswap, and AAVE Are Rising
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Cryptocurrency prices remained on edge on Wednesday, Sep. 4, as sentiment in the financial market worsened.
Bitcoin (BTC) dropped below $57,000, Ethereum (ETH) hovered below $2,500, while the crypto fear and greed index moved into the fear zone for the first time in weeks. The same situation unfolded in the stock market, where the Dow Jones, Nasdaq 100, and S&P 500 indices continued their downtrend.
Still, some cryptocurrencies performed relatively well. Ethervista (VISTA) rose by over 120%, reaching a high of $32.3, giving it a market cap of $27 million.
AAVE (AAVE), the popular lending protocol, rose by 8% to $135.56 while Uniswap (UNI) rose to $6.61, its highest point since Aug. 26.
Ethervista is gaining momentum popular
Ethervista is a recently launched platform that allows users to create meme coins on Ethereum’s network. It is relatively similar to Tron’s SunPump and Solana’s Pump.fun.
Data shows that the network is gaining momentum. According to DeFi Llama, Ethervista has already generated over $1.64 million in fees and accumulated over $5.3 million in assets.
Another report indicates that Ethervista ranked sixth in terms of ETH gas consumed on Wednesday. The platform has handled over 32,500 transfers and has accumulated over 5,700 users.
Historically, hyped tokens tend to do well initially before retreating. Recently, Sun Token soared to $0.0448 during the SunPump hype but has since crashed by almost 40% from its highest point last week.
You might also like: Sun Token pump gains speed but a reversal might be near
Whale buys AAVE
AAVE’s price jumped to an intraday high of $135.56, its highest level since Aug. 25, after a large buyer continued accumulating the token. At its peak, AAVE was up by over 90% from its lowest point in July.
According to Nansen, some whales have continued to accumulate AAVE in recent days. One individual purchased AAVE tokens worth $538k and converted them into aETHAAVE, indicating a long-term hold strategy.
The largest onchain buyer had been accumulating $AAVE during this date range and outside of it to own a total of 4,133 $AAVE (worth $538k)They would then deposit this into Aave to receive aETHAAVE, which implies they have a longer time frame for this trade pic.twitter.com/9pPO5rMjmV
— Nansen 🧭 | TOKEN2049 🇸🇬🏎️ (@nansen_ai) September 4, 2024
AAVE has become a popular token among whales in the past few weeks, likely because of its strong fundamentals. It has over $10.97 billion in assets and has made over $244 million in fees this year. 
You might also like: AAVE up over 30% in past week as whale activity intensifies
Uniswap charged by the CFTC
Uniswap, the largest decentralized exchange in the industry, saw a rise after the Commodity Futures Trading Commission charged it with offering derivatives. The CFTC ordered Uniswap to pay a $175,000 fine and to cease and desist from violating the Commodity Exchange Act.
In a dissenting statement, Commissioner Summer Mersinger argued that the agency was implementing regulations through enforcement. He expressed concern that one of the targeted DeFi protocols might choose to litigate rather than settle, stating:
“Wielding the hammer of enforcement against these DeFi protocols may result in some short-term “wins,” but in the long-term, without more, it will only create problems.”
Uniswap remains the biggest player in the DEX industry by far. According to DeFi Llama it handled over $4.55 billion in assets in the last 7 days.
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