CRYPTOPM
2.8M προβολές
216 Δημοσιεύσεις
Δημοφιλές
Πιο πρόσφατα
Bitcoin's upward momentum caused a short squeeze, leading to a new September high of over $26,400 before returning to under $26,000 in an overnight spike. Consequently, the BTC market liquidated shorts and longs, with data from Cointelegraph Markets Pro and TradingView showing that shorts liquidations stood at $23.5 million on Sept. 7. Short-term traders' attempts to follow the volatile market up and down caused this loss. As Bitcoin continues to maintain the 200-day exponential moving average of $25,674, the crypto market will see the final correction.
CoinGlass data confirms that September usually results in a 10% drop in Bitcoin's price, with expectations for 2023 in line with this trend. With Bitcoin rallying from its Aug. low of about $25.6K, the token is now retesting September's monthly open, as noted by Daan Crypto Trades. The trader highlighted the importance of Bitcoin reclaiming lost ground from August and bulls prudently maintaining a “green” September.
Accordingly, after reaching an overnight high of over $26,400, Bitcoin's price has reversed direction and is giving back its gains, prompting short and long liquidations alike.
$BTC $BTC $BTC
#CRYPTOPM
CoinGlass data confirms that September usually results in a 10% drop in Bitcoin's price, with expectations for 2023 in line with this trend. With Bitcoin rallying from its Aug. low of about $25.6K, the token is now retesting September's monthly open, as noted by Daan Crypto Trades. The trader highlighted the importance of Bitcoin reclaiming lost ground from August and bulls prudently maintaining a “green” September.
Accordingly, after reaching an overnight high of over $26,400, Bitcoin's price has reversed direction and is giving back its gains, prompting short and long liquidations alike.
$BTC $BTC $BTC
#CRYPTOPM
Weekly Market Highlights 🔥🔥
Layer 1/Layer 2 Innovations:
Vitalik Buterin's Research on Financial Transaction Privacy: Ethereum's co-founder, Vitalik Buterin, has recently published a RESEARCH PAPER exploring innovative methods to enhance financial transaction privacy. This research delves into the use of privacy pools and zero-knowledge proof technology. The primary objective is to provide enhanced privacy for financial transactions while dissociating the Ethereum network from illicit funds.
'Ethereum Supreme Court' Proposal by Matter Labs Co-founder: A notable PROPOSALhas emerged from the co-founder of Matter Labs, suggesting the establishment of an 'Ethereum Supreme Court.' This institution would serve as the ultimate authority for on-chain disputes, offering a final resolution mechanism for parties without the need for traditional legal processes. The initiative aims to elevate Ethereum's role as a robust network state.
#CRYPTOPM
Layer 1/Layer 2 Innovations:
Vitalik Buterin's Research on Financial Transaction Privacy: Ethereum's co-founder, Vitalik Buterin, has recently published a RESEARCH PAPER exploring innovative methods to enhance financial transaction privacy. This research delves into the use of privacy pools and zero-knowledge proof technology. The primary objective is to provide enhanced privacy for financial transactions while dissociating the Ethereum network from illicit funds.
'Ethereum Supreme Court' Proposal by Matter Labs Co-founder: A notable PROPOSALhas emerged from the co-founder of Matter Labs, suggesting the establishment of an 'Ethereum Supreme Court.' This institution would serve as the ultimate authority for on-chain disputes, offering a final resolution mechanism for parties without the need for traditional legal processes. The initiative aims to elevate Ethereum's role as a robust network state.
#CRYPTOPM
🔥TRENDING CRYPTO NEWS:
- The 2023 INCLUSION·外滩大会 is set to take place from September 7th to 9th at the Shanghai Huangpu Expo Park. The event will cover a wide range of topics, including artificial intelligence and large-scale models, innovative industry practices, cultural features, and data technology. In addition, the conference will serve as an open international exchange and sharing platform, with over 500 influential global technology leaders and experts sharing their insights on cutting-edge technologies such as artificial intelligence, blockchain, privacy computing, and Web3.0. As part of the exploration into the future of data technology, the event will also showcase the latest practices of global Web3.0 companies and the internationalization efforts of Chinese enterprises.
- Token prices for Sui (SUI) and Hedera (HBAR) are experiencing a decline as both projects prepare for an increase in circulating supply later this week. Both projects have scheduled token unlocks, which allow early investors and project team members who were previously unable to sell to do so. These unlocks are designed to reduce selling pressure on tokens. Sui's price has dropped by 7% in daily trading, currently trading at $0.54, while HBAR has decreased by 4% to $0.05. In comparison, Ethereum's ether (ETH) is down 0.3%.
Data collected by TokenUnlocks reveals that Sui intends to increase its allocation of tokens designated for staking subsidies from 967,740 to 1 million SUI, valued at approximately $540,000. Concurrently, Hedera plans to allocate 1.15 billion HBAR, or $64.3 million, divided among network governance, purchase agreements, and ecosystem development. HBAR's price surged 15% earlier this month after being integrated into the U.S. Federal Reserve's FedNow platform, resulting in a 50% price increase since mid-June and pushing its market cap above $2 billion.
$SUI $HBAR
#NEWS #CRYPTOPM #cryptopm
- The 2023 INCLUSION·外滩大会 is set to take place from September 7th to 9th at the Shanghai Huangpu Expo Park. The event will cover a wide range of topics, including artificial intelligence and large-scale models, innovative industry practices, cultural features, and data technology. In addition, the conference will serve as an open international exchange and sharing platform, with over 500 influential global technology leaders and experts sharing their insights on cutting-edge technologies such as artificial intelligence, blockchain, privacy computing, and Web3.0. As part of the exploration into the future of data technology, the event will also showcase the latest practices of global Web3.0 companies and the internationalization efforts of Chinese enterprises.
- Token prices for Sui (SUI) and Hedera (HBAR) are experiencing a decline as both projects prepare for an increase in circulating supply later this week. Both projects have scheduled token unlocks, which allow early investors and project team members who were previously unable to sell to do so. These unlocks are designed to reduce selling pressure on tokens. Sui's price has dropped by 7% in daily trading, currently trading at $0.54, while HBAR has decreased by 4% to $0.05. In comparison, Ethereum's ether (ETH) is down 0.3%.
Data collected by TokenUnlocks reveals that Sui intends to increase its allocation of tokens designated for staking subsidies from 967,740 to 1 million SUI, valued at approximately $540,000. Concurrently, Hedera plans to allocate 1.15 billion HBAR, or $64.3 million, divided among network governance, purchase agreements, and ecosystem development. HBAR's price surged 15% earlier this month after being integrated into the U.S. Federal Reserve's FedNow platform, resulting in a 50% price increase since mid-June and pushing its market cap above $2 billion.
$SUI $HBAR
#NEWS #CRYPTOPM #cryptopm
On June 1st banks in Hong Kong will be allowed to buy Bitcoin
On June 1st banks in Hong Kong will be allowed to buy, sell and suggest to the retail clients to buy Bitcoin. You understand that this event will push Bitcoin prices up. Don't miss your chance to buy Bitcoin cheaply.
Follow for more insights
#bitcoin #btc #cryptonews #investment #CRYPTOPM
On June 1st banks in Hong Kong will be allowed to buy, sell and suggest to the retail clients to buy Bitcoin. You understand that this event will push Bitcoin prices up. Don't miss your chance to buy Bitcoin cheaply.
Follow for more insights
#bitcoin #btc #cryptonews #investment #CRYPTOPM
Artificial intelligence (AI) chatbot ChatGPT has experienced a decline in user traffic worldwide for the third consecutive month in August, as per data from analytics company Similarweb. Desktop and mobile site traffic to OpenAI's chatbot from global visitors decreased by 3.2% to 1.43 billion in August, following a 10% drop in traffic two months prior. The time spent on the site also slightly decreased from 8.7 minutes to 7 minutes in August.
However, visits from United States-based users began to increase in August by 0.4%. Unique visitors to the site, which declined in June and July, rose by 3% in the U.S. and 0.3% worldwide in August. Similarweb senior insights manager David F. Carr, who regularly tracks AI chatbots and authored the report, suggested that the fluctuation in users could be due to students using the program during summer break and now resuming classes.
This theory is supported by the drop in audience for the summer months of ChatGPT users in the 18–24 age range, both in the U.S. and globally. In the U.S., traffic in the 18–24 age bracket dropped 10% in May, 15% in June, and another 4% in July. At its peak in April, 18–24-year-old visitors made up 30% of the total audience share in the United States. A separate survey from May 2023 by Intelligent.com found that 30% of 1,223 undergraduate and graduate students in the U.S. had used ChatGPT for schoolwork during the academic year.
#CRYPTOPM
However, visits from United States-based users began to increase in August by 0.4%. Unique visitors to the site, which declined in June and July, rose by 3% in the U.S. and 0.3% worldwide in August. Similarweb senior insights manager David F. Carr, who regularly tracks AI chatbots and authored the report, suggested that the fluctuation in users could be due to students using the program during summer break and now resuming classes.
This theory is supported by the drop in audience for the summer months of ChatGPT users in the 18–24 age range, both in the U.S. and globally. In the U.S., traffic in the 18–24 age bracket dropped 10% in May, 15% in June, and another 4% in July. At its peak in April, 18–24-year-old visitors made up 30% of the total audience share in the United States. A separate survey from May 2023 by Intelligent.com found that 30% of 1,223 undergraduate and graduate students in the U.S. had used ChatGPT for schoolwork during the academic year.
#CRYPTOPM
TRENDING CRYPTO NEWS 🔥
- Optimism will move its initial OP token allocation to Base on August 30, as part of a planned transaction. This follows Optimism's partnership with Base, where a portion of Base's trading revenue supports the Optimism Collective. Base stands to earn up to 118 million OP tokens over six years.
- LambdaClass, a crypto studio, is set to launch the Ethereum consensus client Lambda Consensus. The client will include features such as blockchain state tracking and the role of consensus in blockchain operations. The project is currently open-source on GitHub.
Sure, here's a summary of the provided content:
- The decentralized social media app friend.tech has received criticism for penalizing users who explore forks or copycat versions of its tokenized social media platform.
- In a tweet on August 28, the official friend.tech account announced that users who switch to forks or copies would lose the ability to earn and retain Points.
- The tweet didn't specify any particular competitors, but users pointed to a new DeSo application called Shares, set to launch on August 31.
- friend.tech had been distributing "reward points" to its beta testers weekly, totaling 100 million points over six months. The purpose of these points remains unclear, leading to speculation that they might relate to governance tokens or have financial implications.
- Singer JJ Lin has updated his Twitter profile picture to feature a Stellar NFT. This move highlights the growing popularity and adoption of non-fungible tokens (NFTs) in various industries, including entertainment.
- Data from Dune reveals that since August 1, Curve founder Michael Egorov has sold a total of 158.65 million CRV tokens to 53 investors and institutions through OTC sales, raising $63.46 million in funds.
- Lido, a decentralized finance platform, has reportedly paid out more than 400,000 ETH in staking rewards, equivalent to over $6.6 billion. Additionally, the total amount of ETH staked on the Lido platform is currently around 8.457 million.
$LDO $OP $ETH
#NEWS #CRYPTOPM #cryptopm
- Optimism will move its initial OP token allocation to Base on August 30, as part of a planned transaction. This follows Optimism's partnership with Base, where a portion of Base's trading revenue supports the Optimism Collective. Base stands to earn up to 118 million OP tokens over six years.
- LambdaClass, a crypto studio, is set to launch the Ethereum consensus client Lambda Consensus. The client will include features such as blockchain state tracking and the role of consensus in blockchain operations. The project is currently open-source on GitHub.
Sure, here's a summary of the provided content:
- The decentralized social media app friend.tech has received criticism for penalizing users who explore forks or copycat versions of its tokenized social media platform.
- In a tweet on August 28, the official friend.tech account announced that users who switch to forks or copies would lose the ability to earn and retain Points.
- The tweet didn't specify any particular competitors, but users pointed to a new DeSo application called Shares, set to launch on August 31.
- friend.tech had been distributing "reward points" to its beta testers weekly, totaling 100 million points over six months. The purpose of these points remains unclear, leading to speculation that they might relate to governance tokens or have financial implications.
- Singer JJ Lin has updated his Twitter profile picture to feature a Stellar NFT. This move highlights the growing popularity and adoption of non-fungible tokens (NFTs) in various industries, including entertainment.
- Data from Dune reveals that since August 1, Curve founder Michael Egorov has sold a total of 158.65 million CRV tokens to 53 investors and institutions through OTC sales, raising $63.46 million in funds.
- Lido, a decentralized finance platform, has reportedly paid out more than 400,000 ETH in staking rewards, equivalent to over $6.6 billion. Additionally, the total amount of ETH staked on the Lido platform is currently around 8.457 million.
$LDO $OP $ETH
#NEWS #CRYPTOPM #cryptopm
TRENDING CRYPTO NEWS 🔥
Venezuelan President Maduro's Push for De-Dollarization:
1. Maduro calls for global de-dollarization at the BRICS summit in Johannesburg.
2. He urges the creation of alternative financial systems using multiple national currencies.
3. Criticizes the U.S. dollar as an economic warfare tool causing sanctions on 30 nations.
4. Around 28% of the global population impacted by these sanctions.
5. Aligns with some BRICS nations' efforts to reduce dollar dependence.
6. Maduro's stance could influence the global financial landscape.
**OpenAI's ChatGPT Enterprise Launch:**
7. OpenAI introduces ChatGPT Enterprise, an enhanced AI chatbot for businesses.
8. Offers unlimited access to GPT-4 with double the performance speed.
9. Processes 32,000 token context windows, enabling handling of longer inputs.
10. Addresses privacy concerns, complies with SOC 2 standard, and responds to high demand from Fortune 500 companies.
Additionally:
- OpenAI plans a self-serve tool for ChatGPT to integrate knowledge into company data.
- Cryptocurrency firms explore AI for tackling climate change, enhancing data privacy, and more.
#CRYPTOPM #NEWS #cryptopm
Venezuelan President Maduro's Push for De-Dollarization:
1. Maduro calls for global de-dollarization at the BRICS summit in Johannesburg.
2. He urges the creation of alternative financial systems using multiple national currencies.
3. Criticizes the U.S. dollar as an economic warfare tool causing sanctions on 30 nations.
4. Around 28% of the global population impacted by these sanctions.
5. Aligns with some BRICS nations' efforts to reduce dollar dependence.
6. Maduro's stance could influence the global financial landscape.
**OpenAI's ChatGPT Enterprise Launch:**
7. OpenAI introduces ChatGPT Enterprise, an enhanced AI chatbot for businesses.
8. Offers unlimited access to GPT-4 with double the performance speed.
9. Processes 32,000 token context windows, enabling handling of longer inputs.
10. Addresses privacy concerns, complies with SOC 2 standard, and responds to high demand from Fortune 500 companies.
Additionally:
- OpenAI plans a self-serve tool for ChatGPT to integrate knowledge into company data.
- Cryptocurrency firms explore AI for tackling climate change, enhancing data privacy, and more.
#CRYPTOPM #NEWS #cryptopm
The U.S. Commodity Futures Trading Commission (CFTC) has issued an order against Jacob Orvidas, filing charges and reaching a settlement. The order finds that Orvidas fraudulently solicited at least four individuals (pool participants) to engage in leveraged Bitcoin trading in a commodity pool, losing almost all of the trading funds, and then lied to the pool participants about the losses and available funds. The order also finds that Orvidas failed to register as a commodity pool operator. The order requires Orvidas to pay over $2 million in restitution and $500,000 in civil penalties, and to cease and desist from further violations of the Commodity Exchange Act. Additionally, the order imposes a 10-year registration and trading ban on Orvidas.
Between October 2017 and July 2020, Orvidas solicited at least four participants to trade leveraged Bitcoin in his commodity pool, promising them excessive profits and capital protection. The participants contributed over $2 million to the pool, after which Orvidas lost almost all of the trading funds. To cover up the losses, Orvidas provided the pool participants with fabricated spreadsheets, claiming to reflect trading profits and high account balances, and lied about being unable to pay these profits and return the principal. Ultimately, the participants lost over $2 million.
#CRYPTOPM
Between October 2017 and July 2020, Orvidas solicited at least four participants to trade leveraged Bitcoin in his commodity pool, promising them excessive profits and capital protection. The participants contributed over $2 million to the pool, after which Orvidas lost almost all of the trading funds. To cover up the losses, Orvidas provided the pool participants with fabricated spreadsheets, claiming to reflect trading profits and high account balances, and lied about being unable to pay these profits and return the principal. Ultimately, the participants lost over $2 million.
#CRYPTOPM
This week's analysis of Ethereum, Ripple, Cardano, Shiba Inu, and Tron reveals mixed results for these cryptocurrencies. Ethereum (ETH) experienced a modest loss of 1.7% this week, with the price under the key resistance at $1,660. The current support levels are found at $1,550 and $1,440, with the latter having the most confidence to stop sellers should they increase their pressure at these levels.
Ripple (XRP) has been consolidating around 50 cents for a while now and closed the week with a minor loss of 1.7%. This cryptocurrency has strong support at 47 cents, which is not far from the current price. The resistance is at 56 cents, and so far, buyers have not been able to test this level.
Cardano (ADA) is also found in a flat trend above the key support at 25 cents, registering a minor loss of 1.3% this week. Sellers were unable to break this support even though they tried several times. The price action appears fragile to any renewed volatility across the market, particularly if the market leaders such as BTC and ETH decide to drop lower.
Shiba Inu (SHIB) continued its downtrend, registering a 5.5% loss this week, making this meme coin the worst performer on the list. The current support is found at $0.0000075, and so far, it held the assault from bears. Nevertheless, sellers could return to take the price lower if the bearish sentiment continues.
Tron (TRX) managed to register an increase of 1.8% this week, making it the outlier in the list. The price action placed TRX in an uptrend since the start of the year, with the price making higher lows and higher highs for months now. Tron has support at $0.077, and if buyers persist, they could take the price back to the key resistance at $0.086.
$ADA $BTC $ETH
#CRYPTOPM
Ripple (XRP) has been consolidating around 50 cents for a while now and closed the week with a minor loss of 1.7%. This cryptocurrency has strong support at 47 cents, which is not far from the current price. The resistance is at 56 cents, and so far, buyers have not been able to test this level.
Cardano (ADA) is also found in a flat trend above the key support at 25 cents, registering a minor loss of 1.3% this week. Sellers were unable to break this support even though they tried several times. The price action appears fragile to any renewed volatility across the market, particularly if the market leaders such as BTC and ETH decide to drop lower.
Shiba Inu (SHIB) continued its downtrend, registering a 5.5% loss this week, making this meme coin the worst performer on the list. The current support is found at $0.0000075, and so far, it held the assault from bears. Nevertheless, sellers could return to take the price lower if the bearish sentiment continues.
Tron (TRX) managed to register an increase of 1.8% this week, making it the outlier in the list. The price action placed TRX in an uptrend since the start of the year, with the price making higher lows and higher highs for months now. Tron has support at $0.077, and if buyers persist, they could take the price back to the key resistance at $0.086.
$ADA $BTC $ETH
#CRYPTOPM
🔥TRENDING CRYPTO NEWS:
- Cryptocurrency mining rig manufacturer Bitmain has stirred discussions within the Monero community with its announcement of the upcoming Antminer X5, a specialized machine designed for mining Monero (XMR). Featuring a hashrate of 212 kilohash per second (KH/s), the Antminer X5 highlights Monero's well-known opposition to application-specific integrated circuits (ASICs) and has triggered debates within the community regarding the potential impact of the new XMR ASICs. While some community members remain optimistic that they can counter ASIC development through hard forks, others emphasize the challenges of designing mining algorithms and achieving complete ASIC resistance.
- London-based money manager Jacobi Asset Management has launched a Bitcoin exchange-traded fund (ETF) with an ESG label, raising questions among environmental experts. The Jacobi FT Wilshire Bitcoin ETF (Ticker: BCOIN NA) carries the designation of an Article 8 fund under EU regulations, requiring it to "promote" ESG criteria. The Article 8 fund category has grown to cover around $6 trillion of assets across multiple financial products, according to Bloomberg Intelligence estimates.
- BitBoy Host Ben Armstrong Removed Amid Allegations, $BEN Price Plummets.
According to CoinGecko, following the news of BitBoy host Ben Armstrong being removed from the company, the price of the associated token, $BEN, has dropped by 55%.
$XMR $BEN
#CRYPTOPM #NEWS #cryptopm
- Cryptocurrency mining rig manufacturer Bitmain has stirred discussions within the Monero community with its announcement of the upcoming Antminer X5, a specialized machine designed for mining Monero (XMR). Featuring a hashrate of 212 kilohash per second (KH/s), the Antminer X5 highlights Monero's well-known opposition to application-specific integrated circuits (ASICs) and has triggered debates within the community regarding the potential impact of the new XMR ASICs. While some community members remain optimistic that they can counter ASIC development through hard forks, others emphasize the challenges of designing mining algorithms and achieving complete ASIC resistance.
- London-based money manager Jacobi Asset Management has launched a Bitcoin exchange-traded fund (ETF) with an ESG label, raising questions among environmental experts. The Jacobi FT Wilshire Bitcoin ETF (Ticker: BCOIN NA) carries the designation of an Article 8 fund under EU regulations, requiring it to "promote" ESG criteria. The Article 8 fund category has grown to cover around $6 trillion of assets across multiple financial products, according to Bloomberg Intelligence estimates.
- BitBoy Host Ben Armstrong Removed Amid Allegations, $BEN Price Plummets.
According to CoinGecko, following the news of BitBoy host Ben Armstrong being removed from the company, the price of the associated token, $BEN, has dropped by 55%.
$XMR $BEN
#CRYPTOPM #NEWS #cryptopm
A US Federal Reserve official, identified as Bar, stated that there is still a long way to go for the issuance of a central bank digital currency (CBDC) in the United States. The official emphasized that the Federal Reserve would only advance digital currency efforts if there is clear support from the executive branch and legislative backing from Congress.
Additionally, the Federal Reserve remains deeply concerned about the issuance of stablecoins without strong federal regulation. This highlights the cautious approach taken by the US central bank towards digital currencies and the need for proper regulatory frameworks to ensure their stability and security.
#CRYPTOPM
Additionally, the Federal Reserve remains deeply concerned about the issuance of stablecoins without strong federal regulation. This highlights the cautious approach taken by the US central bank towards digital currencies and the need for proper regulatory frameworks to ensure their stability and security.
#CRYPTOPM
