LIVEEDDY2060
@Eddy
I am Pac-Man in crypto, I like to hunt liquidations.
Trade style: Scalper
If you want to reward me, you can by sharing my content with your friends.
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The Ripple lawsuit news focuses on the potential appeal regarding XRP's security classification. There are discussions about whether this classification could be challenged in a higher court. Ripple's legal team is preparing for this, with the outcome potentially impacting how digital assets are regulated. The appeal could clarify the SEC's stance on cryptocurrencies, affecting the broader crypto market.
A crypto CEO has resigned following a traumatic incident where he was robbed at gunpoint. The details of the robbery are still unfolding, but it has significantly impacted his decision to step down from his leadership role. This incident underscores the physical and security risks that executives in the crypto industry might face due to the high-value nature of the sector.
Asia's crypto market is expanding, with OKX looking to broaden its operations in the region. India is reevaluating its regulatory stance toward cryptocurrency, signaling potential changes in rules that could affect the market landscape. This shift indicates growing interest and investment in the region's crypto ecosystem. The regulatory developments may influence how crypto platforms and users operate in the near future.
Pavel Durov, the founder of Telegram, is under formal investigation, signaling a potential shift in internet regulation. Authorities are focusing on his role in privacy, data management, and the influence of platforms like Telegram. This could mark the beginning of stricter global controls over digital communications and privacy policies, reshaping how internet services are governed and regulated.
XRP has recently broken through key resistance levels, signaling the potential for a significant price surge. Analysts believe XRP could rise by 15%, driven by solid market momentum and favorable technical indicators. With this bullish outlook, traders are closely monitoring upcoming price movements. However, caution is advised as the market remains volatile.
The official Instagram account of McDonald's was hacked, and scammers exploited the platform to steal $700,000 worth of Solana (SOL). The hackers posted fraudulent cryptocurrency offers, tricking users into sending funds to the scammers. The breach highlights the ongoing risks of social media account takeovers and the importance of cybersecurity awareness, especially regarding crypto scams.
Analysts suggest that Bitcoin may face another round of sell-offs due to specific chart indicators signaling potential market weakness. This includes the 200-week moving average and the Relative Strength Index (RSI), both showing concerning trends. These indicators point to the possibility of increased downward pressure on Bitcoin's price, possibly triggering further declines if the market sentiment doesn't improve.
In the last 24 hours, Shiba Inu (SHIB) whales have moved a significant 1.2 trillion tokens, with a noticeable downtrend persisting in the market. The asset's price has faced constant pressure, failing to break above significant resistance levels. Despite high transaction volumes, the overall sentiment remains bearish, and a substantial recovery seems unlikely in the near term.
Dogecoin is set to receive a significant security update with the release of Dogecoin Core 1.14.8. This update focuses on improving the reproducibility of the compilation process, which enhances the network's security and reliability. The update aims to ensure that multiple developers can produce identical outputs from the same code and dependencies, thus reducing the risk of exploiting the software. This approach seeks to bolster transparency and trust within the Dogecoin community.
An Australian couple faces legal consequences after a cryptocurrency exchange mistakenly transferred 10.5 million Australian dollars to their account instead of a 100-dollar refund. Instead of reporting the error, they spent the money on properties and luxury items. 😂 The Supreme Court of Victoria has ordered the sale of the properties, and one individual received community service. The case highlights the importance of honesty in financial transactions.
#offtopic
#offtopic
Bitcoin has dropped to around $60,000, marking its lowest level in three weeks. This decline has led to a broader market downturn, with major altcoins like Ethereum, Solana, Dogecoin, and Bitcoin Cash experiencing significant losses. The total crypto market cap has fallen by $70 billion since yesterday, now standing at $2.23 trillion. This downturn reflects a continued bearish trend across the market, affecting both Bitcoin and altcoins.
Solana's decentralized exchanges (DEX) have recently surpassed Ethereum in trading volume over the past week. This shift highlights Solana's increasing popularity and adoption in the crypto market. One major factor contributing to this rise is the reduced fees on Jupiter, a Solana-based DEX aggregator, which has made trading more attractive. As a result, Solana's native token (SOL) has seen a price increase, and its market activity continues to grow, indicating a significant evolution in decentralized finance (DeFi).
Solana (SOL) is showing signs of recovery amid recent market volatility. After hitting a four-month low of $122.44, SOL has increased by 15%, trading at around $145. This recovery comes despite broader market concerns, including Bitcoin reimbursements from Mt. Gox and large BTC sales by the German government. Analysts predict a potential market rally, with forecasts suggesting SOL could reach $158.48 by the end of the month.
Solana (SOL) recently experienced a significant price drop, falling nearly 10%. The decline started after SOL failed to climb above the $135 resistance level. Currently, it is trading below $130 and faces further downside risks. Immediate resistance levels are $126.50 and $130, while major support levels are $122 and $120. If SOL fails to recover, it could see additional losses towards the $112.50 support. The market sentiment remains bearish, with the hourly MACD and RSI indicators reflecting negative trends.
Bitcoin's price recently fell below $62500 amid a significant drop in whale transactions. According to data from Santiment, $100,000 or more transactions decreased by 42% over two days. This decline in whale activity and a risk-averse sentiment among traders on derivatives exchanges suggest cautious market behavior. Bitcoin's Fear and Greed Index has also shifted to a neutral (51) stance.
According to a Bernstein research report, MicroStrategy has significantly influenced Bitcoin capital markets. The company, led by Michael Saylor, has raised $4 billion in convertible debt to acquire 214,400 bitcoins, valued at approximately $14.5 billion. This strategy has increased MicroStrategy's Bitcoin holdings per equity share by nearly 67% over the past four years, highlighting its role in driving institutional demand for Bitcoin-linked financial products.
Bitcoin's price is declining, trading below $66,800 and the 100-hourly simple moving average. It recently fell from a resistance level near $66,850 and broke below a bullish trend line at $66,500. Bitcoin might drop below the $65,500 support zone if the downward trend persists. Immediate resistance levels are at $66,500 and $67,000; surpassing these could lead to a short-term increase. However, failing to hold above these levels could push the price towards the $65,000 support zone.
