Crypto miners are harnessing their advanced equipment and low-cost energy for the burgeoning artificial intelligence sector. As the demand for computational power soars, these miners are uniquely positioned to profit from the AI boom. $BTC
Crypto miners are harnessing their advanced equipment and low-cost energy for the burgeoning artificial intelligence sector. As the demand for computational power soars, these miners are uniquely positioned to profit from the AI boom. $ETH
#BounceBit $XRP $XRP BounceBit (BB) is a centralized decentralized finance (CeDefi) protocol that combines the security of the Bitcoin protocol with the Proof-of-Stake (PoS) consensus agreement. It operates as an independent layer 1 blockchain network, offering dual security and interoperability with other EVM-compatible chains.
CZ Asserts He Will Never Sell His Stake in Binance.
In an exclusive interview with Bloomberg just before the U.S. presidential election results, former Binance CEO Changpeng Zhao (CZ) shared notable insights. This marked his first interview with a mainstream media outlet since completing his four-month prison sentence at the end of September 2024 for money laundering violations, as per an agreement with the U.S. Department of Justice.
Beyond the prison term, Binance was fined $4.3 billion, and CZ was banned from returning to the company’s leadership for three years. Current CEO Richard Teng even hinted that the ban might be indefinite.
When asked about the possibility of returning to Binance, CZ affirmed:
I don’t think I want to go back. Leading the company for seven years was a memorable journey; it was challenging, but I fully enjoyed it. Now, I feel that chapter of my life has closed.
Although no longer in control, CZ remains Binance’s largest shareholder with a 90% stake. According to Forbes’ June 2024 estimate, Binance is valued at around $33 billion, meaning CZ’s holdings are worth $30 billion. Including the BNB held by the exchange, his net worth could exceed $60 billion. Bloomberg’s separate assessment lists CZ’s assets at $52.7 billion, with an increase of $12.1 billion following Donald Trump’s election win, placing him 25th among the world’s wealthiest individuals.
Notably, CZ revealed he had declined several offers to buy his Binance shares but withheld details about the potential buyers and the size of the stake offered. He shared:
I’m not saying I’ll hold onto this stake forever, and I’m open to considering offers, but I haven’t made any decisions yet. For now, I’m simply an ordinary shareholder.
Regarding the $500 million investment in Elon Musk’s social network X (formerly Twitter) in 2022, CZ expressed confidence in the long-term vision and the improvements Musk has made, even though X’s value has since significantly declined.$BTC $SHIB $PEPE
Trump could dismantle 'crypto regulatory headlock': Rep. Byron Donalds
Former President Trump has big plans for the vast federal regulatory infrastructure, like blowing it up (figuratively).
That’s the word from Rep. Byron Donalds, the Republican congressman from Florida and a prominent member of the House Financial Services Committee who spoke at crypto venture capital firm BlockTower’s investor day on Wednesday. Donalds revealed that he shared a plane ride Tuesday night from Atlanta to Florida with the former president who is vying to be the next president. Donalds said the two discussed how to dismantle what he described as the regulatory "headlock" businesses like the $2 trillion crypto industry are facing from President Biden and Vice President Kamala Harris, Trump’s opponent in November.
"In short, President Trump is ready to clean house," Donalds told an intimate group of crypto investors gathered at Miami’s Perez Art Museum. "And it's not just a house cleaning, and then you don't know what you're going to do — there's actually a systematic process for having people who are qualified, who have done work in our industries over time in the United States."
Donalds blasted Securities and Exchange Commission Chairman Gary Gensler, one of the main characters behind the agency’s enforcement crackdown on digital assets and often described as the crypto industry’s arch nemesis. Trump has vowed to fire Gensler "Day One" if elected. "The man thinks that he is smarter than everybody in the room collectively," Donalds said. "That is a height of arrogance, in my view, that you cannot have in a chief regulator." An SEC spokesperson told FOX Business: "The reforms adopted by the SEC under Chair Gensler's leadership will enhance efficiency, competition, and investor protection in the U.S. capital markets. That's good for both investors and issuers. The agency’s enforcement actions have held wrongdoers accountable and returned billions to harmed investors." $NEIRO $BONK $DOGS
Terra Luna Classic: strong upward movement coming for the crypto LUNC.
According to what some analysts shared on X, the crypto LUNC of the Terra Luna Classic project could soon go through a strongly bull phase.
In particular, several technical indicators seem to suggest a potential 545% pump, in the midst of the crypto speculation frenzy.
In the meantime, the community of the currency is working to give value to LUNC and revive the project from the crash of May 2022.
All the details below.
Summary Technical indicators suggest a pump is coming for the crypto Terra Luna Classic (LUNC) LUNC trading: a past of manipulations and wild speculations The Terra Luna Classic community supports the potential growth of the crypto General situation of the altcoin sector Technical indicators suggest a pump is coming for the crypto Terra Luna Classic (LUNC)
The crypto LUNC (Terra Luna Classic) seems to have been moving steadily in a bear perspective for months, but it might soon reverse course.
Some market analysts, like the well-known Javon Marks, have written on X to expect a strong bull rally for the cryptocurrency. The set target suggests that LUNC should grow by 545% compared to current prices.
To justify this optimism, according to Marks, is the graphical trend of the RSI indicator which continues to grow despite the depreciations.
These conditions, known as RSI divergence, increase the likelihood of a bull movement for crypto LUNC.
The indicator shows that an unusual trading force for a product that has been traded in a bear market for a long time. Usually, these cases open the doors to short-squeeze and double-digit percentage green candles.
BOTH $LUNC (TERRA CLASSIC)'S PRICE AND RSI CONTINUES TO HOLD WELL BROKEN OUT (TO THE UPSIDE/BULLISH) HERE, LEAVING ONE THING IN MIND:
ANOTHER COLOSSAL BULL MOVE, WHICH CAN BE TOWARDS THE $0.00593 TARGET STANDING CURRENTLY OVER 545% AWAY!$
$118 Million in 24 Hours: Crypto Bears Getting Destroyed.
U.Today - The cryptocurrency market has seen $118 million in liquidations in the last day, primarily aimed at bearish traders. Bitcoin and Ethereum were at the forefront, with Bitcoin alone seeing over $68 million in liquidations, according to the provided liquidation heatmap. With about 88% of liquidations coming from short traders, the general sentiment of the market points to a massive shakeout of short positions, indicating that bears are under a lot of pressure. The two companies with the highest liquidations, especially in short positions, were Binance and HTX. It is noteworthy that HTX's liquidations, which had a 98% short liquidation rate, were heavily biased toward shorts. This illustrates the market's strong bullish momentum, and it appears that bears were unprepared for the price of Bitcoin to return above $64,000. It is clear from examining Bitcoin's recent chart performance that the cryptocurrency has breached significant resistance at $62,000. It is now getting close to $64,500, the next crucial level that has traditionally served as a psychological barrier. Around $68,000 would be the next major target if Bitcoin could maintain this momentum. Traders should exercise caution, though, as a pullback could occur if $64,500 is not decisively broken, possibly retesting support at $61,000. Investigating the data further reveals that futures open interest has dropped precipitously, especially on Binance futures, where almost 4,000 BTC in open interest were erased. This highlights the fact that bearish traders are being squeezed and shows a liquidation of over-leveraged positions. The heatmap also demonstrates that this liquidation event is not unique, as numerous other assets such as SUI and SOL have undergone comparable liquidations. A healthy shakeout of short positions is reflected in the liquidation sweep, raising the possibility of a further bullish rally. Investors ought to keep an eye on the crucial resistance levels, especially the $64,500 range for Bitcoin.
DOGS Meme Token on TON Poised for a 70% Rally Soon.
. DOGS meme token on TON Network shows potential for an upside breakout from a descending channel pattern.
. Strong community support and planned token burn fuel bullish sentiment for DOGS, with possible gains over 70%.
Built on the TON blockchain, the meme coin DOGS is attracting a lot of interest since an analyst suggests a possible breakout. In the 4-hour time frame, DOGS is positioned for an upside breakout from a descending channel pattern, claims popular crypto analyst Captain Faibik in a tweet.
DOGS Token Poised for Rally
This forecast is mostly based on the development of a higher low, a crucial indicator implying that a higher high might shortly follow. This framework prepares the ground for a potential price rally of more than 70% in the next few days.
Meanwhile, DOGS is trading at about $0,00077 at the time of writing, up impressively 9.01% over the last 24 hours and 16.06% over the last 7 days. This consistent expansion has driven the market cap of the token to surpass $400 million, therefore highlighting the rising demand for DOGS in the market.
Given technical indicators that match optimistic projections, the token’s performance over the past few days has sparked more conjecture that its path may keep upward.
To add to the thrill, a prior CNF report revealed a notable change about DOGS’ future supply. According to the paper, a $4 million burn plan involving DOGS and Notcoin tokens is meant to lower the circulating supply, possibly causing the token’s scarcity.
This burn plan may inspire an even more positive attitude given reduced supplies and great community support. The community’s active participation in choosing the token burn has raised investor confidence since many speculate that the limited supply could inspire a price increase after the burn. $DOGS $NOT $NEIRO
Pepe Unchained Charges Towards $20 Million: Next Meme Coin To Explode?
Meanwhile, as the First Neiro On Ethereum price continues its bullish surge, investors are flocking to buy Pepe Unchained (PEPU), a PEPE derivative that’s just blasted past $19.1 million in funds raised in its presale. This bullish momentum has been bolstered by whale transactions, with purchases of $50,000, $16,000 and $15,000 this week. Notably, the same investor had committed $40,000 to $PEPU tokens 75 days ago, showcasing a strong belief in the long-term potential of the project.
According to analyst and YouTuber ClayBro, with over 130K subscribers, PEPU could surge 20x once it launches.
Pepe Unchained aims to ”unchain” the OG PEPE meme coin from its clunky layer 1 blockchain on Ethereum, where speeds are slow and prices high.
That’s why it comes with its proprietary Layer 2 blockchain called Pepe Chain. The platform aims to offer fast, secure transactions and will feature a dedicated block explorer to enhance its overall usability.
Pepe Chain is a specialized Layer 2 blockchain designed specifically for meme coins. It has the potential to be up to 100 times faster than Ethereum and promises greater scalability, and reduced costs.
Pepe Unchained L2 Sneak Peek!
What we're building is not just a new chain, but an entire ecosystem.
🐸Pepe Unchained L2 🐸Block Explorer 🐸DEX 🐸Bridge 🐸Advanced Analytics 🐸Builder Grants Pepe Unchained is coming. And it's going to shake up the crypto space. $PEPE $SHIB $FLOKI
Terra Luna Classic: strong upward movement coming for the crypto LUNC.
This is last and final call for going to moon .. we think within 1 ween .. Lunc and ustc will jump to the moon . ✈️ tickets are limited.. so jump and sit in the flight .. because lunc will never return to this price .. now it’s time move upward ..
According to what some analysts shared on X, the crypto LUNC of the Terra Luna Classic project could soon go through a strongly bull phase.
In particular, several technical indicators seem to suggest a potential 545% pump, in the midst of the crypto speculation frenzy.
In the meantime, the community of the currency is working to give value to LUNC and revive the project from the crash of May 2022.
Technical indicators suggest a pump is coming for the crypto Terra Luna Classic (LUNC)
The crypto LUNC (Terra Luna Classic) seems to have been moving steadily in a bear perspective for months, but it might soon reverse course.
Some market analysts, like the well-known Javon Marks, have written on X to expect a strong bull rally for the cryptocurrency. The set target suggests that LUNC should grow by 545% compared to current prices.
To justify this optimism, according to Marks, is the graphical trend of the RSI indicator which continues to grow despite the depreciations.
These conditions, known as RSI divergence, increase the likelihood of a bull movement for crypto LUNC.
The indicator shows that an unusual trading force for a product that has been traded in a bear market for a long time. Usually, these cases open the doors to short-squeeze and double-digit percentage green candles. $LUNC $USTC $PEPE
Robinhood in $3.9 million settlement with California over crypto withdrawals.
A cryptocurrency platform run by Robinhood Markets will pay $3.9 million to settle claims it failed to let customers withdraw cryptocurrency from their accounts from 2018 to 2022, California Attorney General Rob Bonta said on Wednesday.
The civil settlement with Robinhood Crypto is the first public action by Bonta's office against a cryptocurrency company.
Bonta said Robinhood violated California law by failing to deliver cryptocurrencies that its customers had bought, leaving customers unable to withdraw their assets and forcing them to sell the assets to exit the platform.
The attorney general said Robinhood also misled customers about where their crypto assets were held, and by advertising it would connect customers to multiple trading venues to ensure they got competitive prices.
Robinhood did not admit or deny wrongdoing. The settlement also requires the platform to let customers withdraw crypto assets to their own wallets, and honor its representations about its trading and order handling practices.
The Terra Luna Classic community supports the potential growth of the crypto
Setting aside the speculative aspect of the crypto LUNC, it is worth highlighting how the Terra Luna Classic community is working hard to restore dignity to the project.
Despite the numerous difficulties with a blockchain abandoned by a wide range of developers, the users aimed to restore the balance.
Various initiatives have been proposed to offer more incentives to users and programmers, with the aim of repopulating the ecosystem.
Recently, the community voted to implement a burning plan of 46.55 million USTC (formerly UST) through contract migration.
In particular, this move could have a strong positive impact on the price of LUNC, pushing the price of the crypto upwards.
By reducing the current circulation of the stablecoin, a mechanism is implied in which LUNC becomes more appealing in the market, supporting Marks’ bull thesis.
Furthermore, it is important to highlight how recently the actual closure of Terraform Labs (the company behind Terra Luna Classic) has been established, finally eliminating an aspect of centralization.
By doing so, the LUNC project becomes effectively owned by the community itself, which focuses on long-term rebuilding.
It’s difficult for it to return to the pre-dump levels of May 2022, however, we do not rule out a significant appreciation of the token.
Attention to not overexpose yourself on products like LUNC because although the potential is high, they imply an enormous speculative risk.
General situation of the altcoin sector
Analysts of the crypto LUNC (Terra Luna Classic) should also keep an eye on the overall market situation of altcoin to assess the most suitable time for a bull run.$LUNC $USTC $SHIB
What $1,000 in Shiba Inu Could Be Worth if SHIB Surges 1,000%?
The Shiba Inu (SHIB) ecosystem is buzzing with hope following a recent revelation. The network’s marketing lead, Lucie, predicted that SHIB could rise by 1,000% within two or three days. This sounds almost impossible considering its current price levels, but the SHIB market has always been full of surprises. The asset surged by 1,028,241% since its launch in August 2020. Amazing, right?
Current Market Sentiment And Price Movement
The meme coin was trading at $0.00001707 at press time after a 3% drop over the past 24 hours. It is worth knowing that SHIB had a fairly good month. The asset skyrocketed by nearly 30% in the last 30 days. Despite its current price level, the community sentiment remained bullish. According to the votes of 23938 people on the CoinMarketCap platform, 86% believe that SHIB has the potential to rise. However, 14% of the people are inclined towards the bearish side.
Can Shiba Inu Rise By 1,000%?
Shiba Inu’s sideways price movement has fueled market pessimism, which has led to investors questioning the asset’s possible rise. However, a few others believe that a mere $1,000 investment could yield notable profits.
Potential Returns On A $1,000 Investment
Considering SHIB’s current price, a $1,000 investment in Shiba Inu would bring in 58530875.03 tokens at this valuation. It’s interesting to note that Shiba Inu would cost $0.0001707 if its price increased by 1,000%. The $1,000 investment would rise to $9,990.68. But this is only if the meme coin increases by 1,000%.
In addition, SHIB’s ability to make millionaires has taken a backseat. But asset still has a lot to offer. With the network boosting its utility, the meme coin could benefit and surge beyond expectation. $SHIB $PEPE $FLOKI
Shiba Inu (SHIB) and PEPE play a significant role in the memecoin environment. Shiba Inu is often called the “Dogecoin killer” and has a strong community backing and respectable market capitalization.
Reports suggest if SHIB captures 50% of Bitcoin ETF inflows, its price could surge by 9,472% to $0.001477. Currently trading at about $0.00001831, this increase could make early investors wealthy.
PEPE has also made impressive crypto market strides. Over the past year, this meme-inspired token has surged by 716.5%, attracting investors seeking high-risk, high-reward opportunities.
PEPE is now trading at around $0.00001235, a recent increase of nearly 25.59%. Community support and rising trading volumes position PEPE as a strong meme coin contender.
Several investors have focused their attention on Shiba Inu (SHIB), PEPE, and RCO Finance (RCOF) as they expect high returns during the next altcoin season.
These tokens are trending today because of recent advances and skyrocketing prices, attracting experienced and naive purchasers hoping to make money by investing in the next big thing. $SHIB
Shib Army News: SEVEN Epic Days in Bangkok – ShibaCon 2024 – Where the Shib Army Takes Over!
One night in Bangkok? How about SEVEN? At ShibaCon 2024? With thousands of comrades-in-arms in the Shib Army?
TICKETS ON SALE NOW AT THE ShibaCon 2024 Website! Shib.io | Home of the Shiba Ecosystem
For the FIRST TIME EVER, the Shiba Inu community will gather to celebrate – what else? ALL THINGS WEB 3, DeFi, blockchain and the metaverse. In the Bangkok Convention Center in Thailand, from Nov 9-15, Shib enthusiasts from ALL OVER THE WORLD will get to schmooze, attend keynotes and panels where industry leaders will share their wisdom, make new friends (IRL!) and snap up merch. It is a veritable cornucopia! (or in other words, a whole lot of cool stuff). Do you want to meet new collaborators? Do you want to explore all things Shib (Shibarium, ShibSwap, the Shib Metaverse)? Are you a gamer, an influencer (or wannabe influencer – work your mojo!) or an investor looking to immerse yourself in the Shib Experience? There are literally NO OTHER SEVEN DAYS of the year that offer what ShibCon 2024 has in store. Sponsors! Looking for great exposure to thousands of future customers? Whether you’re after premier exposure with VIP perks (the Royal Tier) or just want to make your presence known (the Warrior Tier), there’s something for every company. You will have access to a LIVE AUDIENCE of more than 6,000 attendees and MILLIONS more online. Are they motivated and galvanized to engage with your product in ShibCon 2024’s crucible of cool project ideas, in a galaxy of Web 3 dreams? Yep. You bet.
Oh, and if you’re STILL wondering if you should buy tickets to ShibCon 2024 (still? Really?) then maybe you should know about:
NFT drops Interactive metaverse experiences Gaming tournaments that showcase the very latest in blockchain gaming A HACKATHON (details under wraps but pinky-swear it will be awesome) If you LOVE the Shiba Inu lore, if you’re a part of the fabulous online Shiba Inu community (#ShibArmy) or want to know more about this legendary coin.
XRP slides 9% after SEC appeals decision in landmark Ripple case.
The price of the XRP token tumbled Thursday, a day after the Securities and Exchange Commission filed to appeal a 2023 court ruling that determined XRP is not considered a security when sold to retail investors on exchanges.
XRP was last lower by more than 8% at 53 cents a coin, according to Coin Metrics. Ripple, the largest holder of XRP coins, scored a partial victory last summer after a three-year battle with the SEC. U.S. District Judge Analisa Torres handed down the decision, which was hailed as a landmark win for the crypto industry. Still, while XRP isn’t considered a security when sold to retail investors on exchanges, it is considered an unregistered security offering if sold to institutional investors.
Ripple declined to comment but referred to Wednesday evening posts on X by CEO Brad Garlinghouse and chief legal officer Stuart Alderoty.
Alderoty said the company is evaluating whether to file a cross appeal, and called the SEC’s decision to appeal “disappointing, but not surprising.” The SEC, under Chair Gary Gensler, has become notorious for its refusal to provide clear guidance for crypto businesses, instead opting to regulate by enforcement actions.
“XRP’s status as a non-security is the law of the land today - and that does not change even in the face of this misguided - and infuriating - appeal,” Garlinghouse said on X. Earlier on Wednesday, Bitwise Asset Management, an issuer of ETFs tracking bitcoin (BITB) and ether (ETHW), submitted a registration filing for what would be the first XRP ETF – two days after registering an XRP trust product in Delaware. Grayscale, which also has bitcoin (GBTC) and ether (ETHE) ETFs, introduced a similar trust product in September. XRP, which was created by the founders of Ripple, is the native token of the open source XRP Ledger, which Ripple uses in its cross-border payments business. It is the fifth-largest coin by market cap, excluding stablecoins Tether (USDT)and USD Coin (USDC) $XRP $NEIRO $DOGS
XRP sinks after SEC files notice of appeal in Ripple case: CNBC Crypto World
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Cuy Sheffield of Visa explains the payment processor’s new tokenization platform for banks. $XRP $1MBABYDOGE $1000SATS
$DOGS and $NOT Burning Billions: A Mixed Bag of Pros and Cons.
I just came across this article about the upcoming token burn event for $DOGS and $NOT , and it's got me thinking. On October 9, 2024, at 1 PM UTC, they're burning a whopping $4 million worth of tokens. That's a massive amount! But here's the kicker: it was all decided by a community vote. They even live-streaming it on X (formerly Twitter).
The Community Angle
First off, I gotta hand it to them. This is some top-notch transparency from the devs. They could've just pocketed those unclaimed tokens, but instead they asked the community what to do with them. And of course, being crypto enthusiasts ourselves, we voted to burn them. It’s like a rite of passage for these projects.
But then I thought about it some more... Are we really okay with burning that many tokens? I mean sure, it's nice to think that less supply might mean more value down the line, but there's no guarantee of that.
Token Burns: Do They Even Work?
Speaking of guarantees, the article dives into whether token burns actually work to increase value. Apparently not everyone is sold on the idea. Cryptoforinnovation.org points out that while some projects see price spikes after burns (hello Terra Luna), others don’t fare as well.
And let’s be real here—$DOGS and $NOT are still relatively new projects. Are we just setting ourselves up for disappointment if things don’t go as planned?
Ethical Concerns Over Charitable Donations
Now here's where it gets really interesting—and kinda murky—the article raises some ethical questions about donating those unclaimed tokens to charity.
First off, where did those tokens come from? If they're unclaimed airdrop tokens, does that mean they were possibly generated through some sketchy methods? The last thing you want is your charitable organization getting linked to something illegal or unethical. $DOGS $NOT $NEIRO