Tether's stablecoin market cap reaches almost $75 billion, d | Crypto Ahmet on Binance Square

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Tether's stablecoin market cap reaches almost $75 billion, doubling USDC, following SVB disruptions, according to CoinGecko.
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😱🚀🚀Shiba Inu Strong Recovery Fuels 2X Expectations in August With the crypto market bouncing back last night, Bitcoin and altcoins are on a bullish track. Leading the bull run, meme coins are back in the game, and Shiba Inu is making waves. As the second biggest meme coin with a massive community and growing support, Shiba Inu has massive underlying potential. With attempts to make it into the DeFi and layer-2 space, Shibarium bolsters the #ShibaInu ecosystem. Further, recent reports confirm that Shibarium is ready to introduce an automated burn mechanism, as seen in top projects. Shiba Burn Rates & Transactional Flows Rises In a recent tweet from community burn tracker Shibburn, the number of #SHIB tokens burned over the past 24 hours hit 105,981,775 SHIB, an increase of 137,411.87%. In the last 7 days, the data shows that 114,775,953 $SHIB were burned, resulting in a 366.69% increase. The increase in the burning rate could bolster the recovery chances. Will Shiba Inu Reach $0.000030? Currently, Shiba Inu trades at $0.00001410 with a minor retracement of 1.54% following the 11% jump last night. As per the Fibonacci levels, the uptrend in the falling channel must break past the overhead trendline for a bigger run. Hence, this breakout will be a crucial price action signal for buyers. With the bullish break, the bulls will likely challenge the 50% Fib level at $0.000022 or the 61.80% level at $0.000030 if the momentum sustains. #memecoins #binance

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😱🚀🚀3 Solana Altcoins with big bang potential $PYTH Network (#PYTH ) Known as a Chainlink-killer with super fast speed, PYTH network, a Solana-based project is making waves in the crypto space. PYTH price Despite a declining trend in the daily chart, the PYTH price trend shows a bull cycle ready to ignite. With the broader recovery, the breakout chances for PYTH to tease a new bull run are increased. The overhead trendline breakout and the 23.60% Fibonacci level break at $0.35 will push the PYTH price to $1.10. Solana-Based DEX: Jupiter (#JUP ) Finally, ending the list of our must-buy Solana-based altcoins, Jupiter ($JUP ), a DEX aggregator. With a TVL of $556 Million, the boost in the crypto market could result in a spike in leveraged trading over Jupiter. As Jupiter is close to entering the top 5 DeFi protocols over Solana, the upside potential in JUP is massive. With a double bottom reversal starting in JUP price after the recent correction, the trend momentum spikes up. As the uptrend continues, a bullish breakout of the 23.60% Fibonacci level at $1.32 could result in a price jump to $2.75.0 Hence, with a 200% upside target, Jupiter is one of the best buy options in our list of top Solana-based altcoins. Solana-Based Meme Coin: #BONK ($BONK ) As meme coins are spearheading the bull run in the crypto world, BONK, a Solana-based altcoin, is a top choice in the meme coin segment. With a market cap of $1.429 Billion, BONK has witnessed an exponential surge since its inception. In the daily chart, BONK survives the recent crash as the buyers remain dominant over a long-coming support trendline. As the bull cycle starts to gain momentum, a bullish breakout of the overhead resistance can jump to $0.000042. #altcoins

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😱🔥Crypto move from Donald Trump's son: It will be talked about a lot!🚀🚀 #donaldtrump Jr. has announced the launch of a new decentralized finance crypto platform with the aim of addressing inequality in banking access. In a Q&A session held on August 8th on subscription platform Locals, Donald Trump Jr., the eldest child of presidential candidate Donald Trump, said that he is not a memecoin but is working on a crypto platform that will compete. “What we are talking about is a bigger type of platform, it is very different and it is not a memecoin,” he said. Donald Trump Jr’s crypto project was initially thought to be a memecoin Trump Jr. has not given much detail about his platform but emphasized that it could be a competitor to the banking system. After he mentioned DeFi in a post earlier this week, rumors of a new crypto offering began to emerge, with many speculating that it could be related to a new memecoin. We are about to shake up the crypto world with something big. Decentralized finance is coming, their summary summary,” he said in a post on X on August 7th. The Q&A also touched on rumors surrounding the Restore the Republic (RTR) memecoin, which has risen and fallen amid unfounded rumors that it was connected to the Trump family. Trump’s second son Eric Trump also recently denied any connection to the memecoin, appearing on X on August 8th and calling the rumors that caused the RTR token to drop by over 70% “absolutely false.” This move from Donald Trump’s son has also left the crypto world wondering. #DonaldJTrump #binance #US

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😱🔥Putin signs bill legalizing cryptocurrencies #Russian President Vladimir Putin has signed the cryptocurrency bill that was recently passed in parliament. The bill regulates many issues related to cryptocurrencies, especially mining. Russian President Vladimir Putin has signed the bill that legalizes the trading and mining of cryptocurrencies. The bill determines the procedures and principles for the circulation of cryptocurrencies as well as the conduct of mining activities. Russian companies and individual entrepreneurs registered in the Ministry of Digital Development registry will be able to mine. Russian citizens who do not have the status of individual entrepreneurs will be allowed to mine cryptocurrencies without being registered if they do not exceed the energy consumption limit determined by the state. On the other hand, cryptocurrencies will also be free to buy and sell on Russian blockchain platforms. In addition, cryptocurrencies can be used in international payments on an experimental basis. The law will enter into force 10 days after its official publication. The effective date of most mining-related regulations is November 1, 2024. #binance #Putin #BTC

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😱🚀🚀Bitcoin inspires confidence: These 5 Altcoins are taking the market by storm 1- Ripple (#XRP ) Since the case between Ripple and the SEC is nearing its final stage and there is no indication that XRP will be classified as a security, $XRP has increased by 20 percent in the last 24 minutes. While acquiring XRP in the first place of listening after a long time, it especially made Turkish cryptocurrency investors happy. 2- Toncoin (#TON ) The popular altcoin, which stepped on the gas with Binance's listing of TON in spot transactions, has increased by 11 percent in the last 24 hours. $TON , which rose by standing firm with the excitement created by the mini games, excited its ecosystem. 3- Sui (SUI) SUI, which broke the downward trend in the short term, made a good start. The altcoin, which showed a performance of 8.30 percent in the last 24 minutes, was included in the list from the third place. Expectations from SUI may increase if technical support works well. 4- Bittensor ($TAO ) #TAO , which has almost escaped the Bitcoin meltdown, is rising from the last few pieces. The popular artificial intelligence coin, which increased by 6.80 percent in the last 24 hours, may look at even higher levels as the trend continues. Data from the artificial intelligence field will be important in this process. 5- Helium (#HNT ) The public HNT of crypto miners increased to 5.20 percent in the last 24 hours. HNT, which reacted quickly in the transition of the market rise, did not surprise this time either. Activities carried out to expect downward movements in HNT may play an important role. #altcoins

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