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šŸŖ™ Crypto News (Apr 16, 2024): 1ļøāƒ£ TON: The blockchain team The Open Network (TON) has announced the launch of the Memelandia hub for meme-coin developers. The project is part of The Open League incentive program, designed to support new meme coins and attract attention to them. šŸš€ 2ļøāƒ£ Hans Zimmer: Renowned composer Hans Zimmer has announced a collaboration with the #Tron blockchain. The musician has composed a thematic piece for the project. šŸŽ¶ 3ļøāƒ£ Drift: The total issuance of #DRIFT will be one billion coins, with 10% allocated by the project team for community rewards. šŸ’° 4ļøāƒ£ Magic Square: The Magic Square project team has announced the upcoming listing of the #SQR token on the Bitpanda cryptocurrency exchange. According to developers, this move will attract European digital asset users to their product. šŸŒŸ 5ļøāƒ£ Kaiko: The South Korean won became the most traded #fiat currency among crypto investors in the first quarter of 2024. šŸ’± šŸš€ Help us learn your opinion! Subscribe to our channel and share your thoughts in the comments!

šŸŖ™ Crypto News (Apr 16, 2024):

1ļøāƒ£ TON: The blockchain team The Open Network (TON) has announced the launch of the Memelandia hub for meme-coin developers. The project is part of The Open League incentive program, designed to support new meme coins and attract attention to them. šŸš€

2ļøāƒ£ Hans Zimmer: Renowned composer Hans Zimmer has announced a collaboration with the #Tron blockchain. The musician has composed a thematic piece for the project. šŸŽ¶

3ļøāƒ£ Drift: The total issuance of #DRIFT will be one billion coins, with 10% allocated by the project team for community rewards. šŸ’°

4ļøāƒ£ Magic Square: The Magic Square project team has announced the upcoming listing of the #SQR token on the Bitpanda cryptocurrency exchange. According to developers, this move will attract European digital asset users to their product. šŸŒŸ

5ļøāƒ£ Kaiko: The South Korean won became the most traded #fiat currency among crypto investors in the first quarter of 2024. šŸ’±

šŸš€ Help us learn your opinion! Subscribe to our channel and share your thoughts in the comments!

Disclaimer: Includes third-party opinions. No financial advice.Ā See T&Cs.
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šŸŖ™ Crypto News (May 4, 2024): 1ļøāƒ£ Animoca Brands: Animoca Brands, a Hong Kong-based gaming company, together with the Darewise platform, has announced the introduction of the #BLIF token on the Bitcoin network via Opal Protocol. Animoca Brands' vision is to establish a distinct ecosystem for gaming, entertainment, decentralized finance (DeFi), and education on the Bitcoin blockchain. To achieve this, they plan to integrate BLIF, which adheres to the new Runes token standard. šŸŽ® 2ļøāƒ£ Mishaboar: DogeChain, a widely-used platform for #Dogecoin transactions, has declared its closure effective June 1, 2024. Urging users to swiftly transfer their #DOGE tokens from DogeChain to alternative wallets and secure their private keys before the service discontinues. šŸ• 3ļøāƒ£ LayerZero: The team behind LayerZero's omni-chain protocol has confirmed the successful completion of the first snapshot on May 1st. Developers have committed to delivering updated details soon regarding the forthcoming airdrop. šŸ”„ 4ļøāƒ£ Block: Under the leadership of Jack Dorsey, payment company Block has initiated a practice of allocating 10% of its monthly gross profit from Bitcoin-related activities to purchase additional coins. This strategy is set to continue until the conclusion of 2024. šŸ’³ 5ļøāƒ£ Baron: Nigerian fintech firms Moniepoint, PalmPay, and Paga have issued warnings to customers against engaging in cryptocurrency transactions through their platforms, threatening account suspensions. Users have shared these cautionary messages. šŸ‡³šŸ‡¬āš ļø šŸ‘ Enjoying the updates? Subscribe for more crypto insights or drop a like if you found this helpful! Have any questions? Feel free to ask!
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šŸ“ˆ Prediction (ETH and FET): šŸ˜€ ETH/USDT - According to data from the Glassnode analytical platform, the inflow of #ETH to exchanges has significantly slowed down over the last 24 hours. This usually leads to a rebound, so the asset has a chance to at least partially recover from the losses incurred this week. Forecast: At the time of writing, #Ethereum is trading at $2,945 and bouncing off the lower boundary of the descending wedge. The asset has been in this pattern for the past two months, and a drop below $3,000 would only confirm the bullish reversal pattern. The likely move from here would be an impulse towards breaking the upper trendline. If successful, ETH could rise to $4,000. On the other hand, a rise in bearish sentiment among investors could threaten the rally potential. Failure to hold the $3,000 level could lead to a collapse to $2,800, invalidating the bullish thesis and sending the altcoin to $2,740. šŸ“Š FET/USDT - Currently, #FET is experiencing a surge in investor interest: evidenced by the increase in the number of active addresses over the past 48 hours. The total number of wallets transacting on the network has increased by 93% ā€” from 1,152 to 2,152. The growth in active addresses, coupled with a decrease in price, is usually considered a buy signal. Forecast: At the time of writing, FET is trading just below the $1.96 support. This level has been tested several times in the past and has not yet been breached. A bounce from it would mark the beginning of a potential rally towards the $2.46 mark, which the asset failed to overcome during the last uptrend. Losing the $1.96 support level could nullify the bullish scenario and trigger a price drop for Fetch.ai to $1.71. šŸ‘ Share this analysis with others!
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šŸ“ˆ Prediction (TIA and LINK): šŸ˜µ TIA/USDT - According to the analytical platform Coinglass, the open interest in #TIA has decreased by 50% over the last month. As of March 30, the indicator stood at $233 million. At the time of writing, it has dropped to $113 million. This indicates that investors preferred to exit their positions and wait for a more favorable moment. Forecast: Celestia's price is testing the $9.2 level. If it doesn't hold, the altcoin is expected to drop to the nearest support at $8.3. Its loss will confirm the bearish thesis and lead to further TIA correction down to $7. However, a bounce from the $8.3 level will help prevent the decline. Returning to $10 will offset half of the losses incurred and render the bearish scenario untenable. šŸ“‰ LINK/USDT - The recent correction has kept investors away from LINK: this is evident from the network's growth rates, which have fallen to an annual minimum. Forecast: At the time of writing, #LINK is trading below the crucial support at $13.2, which coincides with the 23.6% Fibonacci correction. If the altcoin fails to hold the current level of $12.7, it risks falling to $11.7 before bouncing back up. However, successful confirmation of the $13.2 level as support may lead to the start of a recovery. This will refute the bearish thesis and allow #Chainlink to rise to $14.8 and beyond. šŸ‘ Enjoying this analysis? Share it with others!
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šŸ“Š Crypto Reports (May 2, 2024): 1ļøāƒ£ Tether: #Tether announced a record-breaking profit of $4.52 billion for the first quarter of 2024. Approximately $1 billion of this sum stems from earnings generated by US Treasury bonds. šŸ’µ 2ļøāƒ£ Dune: The market valuation of the #BlackRock USD Institutional Digital Liquidity (BUIDL) has reached $375 million. Consequently, this product from the world's largest asset manager has outpaced the Franklin OnChain US Government Money Fund (BENJI), initiated just last year, with the latter's capitalization estimated at $368 million. šŸ’° 3ļøāƒ£ Messari: Between February and April, the total value locked (TVL) within #RWA protocols surged by nearly 60%. By April 26, 2024, the TVL for RWA markets neared the $8 billion mark. This resurgence in the sector stems from heightened interest in high-yield investments tied to lending activities. šŸ“ˆ 4ļøāƒ£ HM Treasury: On May 1, 2024, the UK Treasury unveiled a report detailing the department's endeavors over the past two years. From 2022 to 2023, alongside banking and asset management, cryptocurrencies emerged as presenting the most significant money laundering risks. šŸ¦ 5ļøāƒ£ IntoTheBlock: Roughly 90% of investors holding #ALGO tokens within the Algorand project find themselves at a loss. šŸ“‰ šŸ˜Š Enjoying these updates? Consider subscribing for more! Or drop a like, or feel free to ask any questions you might have!
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šŸ” Cyber News (May 2, 2024): 1ļøāƒ£ Offchain Labs: On April 25th, developers of the #Optimism L2 solution addressed two serious vulnerabilities in the fraud protection mechanism deployed on the testnet. šŸ”’ 2ļøāƒ£ 23pds: North Korean hackers, Lazarus Group, utilized a fake profile of an investment company employee on LinkedIn to launch cyberattacks on #DeFi projects. Through the fake profile, hackers scout for software developers in the DeFi sector, then distribute phishing links to them. šŸŽ£ 3ļøāƒ£ Jameson Lopp: Co-founder and security director of Casa platform, Jameson Lopp, executed an attack on the #Bitcoin testnet, disrupting its normal operation. Lopp only needed 20 lines of code and $1 for electricity to disrupt the blockchain's functioning. āš” 4ļøāƒ£ Justice: The US Department of Justice issued an indictment against investor Roger Ver, better known as "Bitcoin Jesus". He is accused, among other things, of fraud and failure to pay taxes totaling $48 million. āš–ļø 5ļøāƒ£ Pike: On April 30th, attackers targeted the DeFi protocol Pike Finance and withdrew 99,970 ARB, 64,126 OP, and 479 ETH totaling approximately $1.68 million. šŸ’ø šŸ‘ Enjoying the read? Subscribe for more updates or drop a like below! Have questions? Feel free to ask!
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