Bad News. Terraform Labs is shutting down. $LUNC $LUNA #Write2Earn!
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⚠️ Terraform Labs to Dissolve After SEC Settlement, CEO Announces
Following a settlement with the U.S. Securities and Exchange Commission (SEC), Chris Amani, who succeeded Do Kwon as the CEO of Terraform Labs, disclosed that the blockchain firm is set to dissolve.
🔸 Terraform Labs Set to Close Doors Post-SEC Settlement
Blockchain startup Terraform Labs has announced it is ceasing operations following a settlement with the SEC. CEO Chris Amani released the statement on the social media platform X. With the settlement complete, Amani noted he could now discuss the future of Terraform Labs (TFL).
“TFL always intended to dissolve at some point and that point is now. We will be winding down operations completely,” Amani stated. “Special thanks to the lunatics who supported us through this process and thanks to the TFL team. I’m incredibly proud that we were able to hold this company and ecosystem together and continue to build innovative products through all of this.”
The TFL leader added:
💬 We were well positioned to accelerate things if we had won the trial, but unfortunately we lost and as a result, can no longer operate.
Meanwhile, the Terra ecosystem persists to an extent, supported by several decentralized applications and its tokens. However, the cryptocurrency tokens originating from the Terra blockchain have declined in value significantly. LUNA 2.0, the replacement for LUNA, has plummeted by 97%. In the decentralized finance (defi) arena, Terra defi protocols currently secure a mere $5.37 million in value locked, placing the chain at the 107th position among the leading blockchains by value locked.
#FavoriteToken $ETH غالبا ما يشار إلى "الإيثريوم" (Ethereum) على أنها ثاني أكثر العملات المشفرة شعبية بعد البتكوين (Bitcoin) ولكنها على عكس أغلب العملات الافتراضية ومنها البتكوين، تهدف إلى أن تكون أكثر من مجرد وسيلة لتبادل وتخزين القيمة، عوضا عن ذلك فهي تسمي نفسها شبكة حوسبة لامركزية مبنية على تقنية "البلوك تشين" (blockchain).
كيف تعمل الإيثريوم؟
يقول الكاتبان ديفيد روديك، بنجامين كوري، في تقرير نشرته مجلة "فوربس" (Forbes) الأميركية، إنها تماما مثل كل العملات المشفرة، وتعتمد إيثريوم في عملها على شبكات البلوك تشين، وهي سلاسل كتل لا مركزية، ودفاتر حسابات عامة موزعة يتم فيها التثبت من كل التحويلات وتسجيلها.
"ETH ETF Finally Approved: A New Dawn for Cryptocurrency Investors The wait is over! The US Securities and Exchange Commission (SEC) has finally given the green light to the Ethereum Exchange-Traded Fund (ETH ETF). This historic approval marks a significant turning point in the cryptocurrency landscape, opening up new investment opportunities for institutional investors and paving the way for wider adoption. With the ETH ETF, investors can now access the second-largest cryptocurrency by market capitalization through a regulated and familiar investment vehicle. This milestone development is expected to attract a new wave of institutional investors, bringing fresh capital and liquidity to the market. The ETH ETF approval is a testament to the growing recognition of cryptocurrencies as a viable asset class. It demonstrates the SEC's willingness to engage with the industry and provide a regulated framework for investment, further legitimizing the crypto space. As the cryptocurrency market continues to evolve, this approval marks an exciting new chapter in the evolution of digital assets. It's a nod to the maturation of the industry and the growing demand for cryptocurrency investment options. Get ready for a new era of cryptocurrency investment! The ETH ETF is just the beginning, and we can expect to see more innovative investment products and services emerge in the coming months and year.
Resumen de las Noticias Principales en Criptomonedas
$SUI $TIA $MATIC Aquí tienes un resumen de las principales noticias de criptomonedas recientes: - Sui y Rebel Satoshi: Sui (SUI) ha caído a 1,025 $, lo que ha provocado un cambio hacia Rebel Satoshi para la mayoría de los inversores. - Toncoin supera a Bitcoin: Toncoin (TON) ha superado a Bitcoin, impulsado por sólidos efectos de red, proyectos notables, asociaciones estratégicas y un aumento de precios. - Dominio de las memecoins: Las memecoins como Pepe y WIF se han colado entre las 20 principales criptomonedas por capitalización bursátil un año después de su lanzamiento público. - ETF de Ethereum: Se está anticipando un impacto significativo en las redes de Capa 2 como Polygon (MATIC), Arbitrum (ARB) y Optimism (OP) debido a los ETF de Ethereum. - Notcoin y las misiones de ganancias: Notcoin (NOT) lanzó “misiones de ganancias” la semana pasada, permitiendo a los jugadores de Telegram ganar recompensas en criptomonedas. - Auge de Celestia: El precio de Celestia (TIA) cotizó al alza hoy, a medida que el sentimiento en torno a la cadena de bloques modular cobra un nuevo impulso. - Bitcoin y la inflación: El precio de Bitcoin y Ethereum retrocedió este martes mientras los mercados de criptomonedas muestran señales de cautela ante la inminente inflación. Estas son algunas de las noticias más destacadas en el mundo de las criptomonedas. Si tienes alguna pregunta específica o deseas más detalles sobre alguna de estas noticias, ¡házmelo saber! #Criptomonedas #criptoworld #criptoculture #criptomoneda
Sí, ha habido informes de que 《Elon Musk》y el ex presidente 《Donald Trump》han mantenido conversaciones sobre la política de criptomonedas. Según Bloomberg, Trump ha estado destacando el Bitcoin y otros activos digitales en su campaña, viéndolos como una forma de atraer a nuevos votantes. Las discusiones también han incluido la posibilidad de que Musk asuma un papel de asesoramiento amplio si Trump gana un segundo mandato en noviembre. Sin embargo, Musk ha negado haber discutido criptomonedas con Trump, aunque generalmente está a favor de las cosas que transfieren el poder del gobierno a la gente, lo cual puede hacer la criptomoneda. Además, se informó que Musk y Trump se reunieron en una cumbre secreta con otros donantes republicanos adinerados para impulsar la financiación de la campaña presidencial de Trump para 2024.
This is a fine example of how some are creating hype of #crypto_ETFs to put the $DOGE back in spotlight as they are just a hype for a #Pump_Dump scam. #Write2Earn!
Dogecoin (DOGE), the famous meme-inspired cryptocurrency, is experiencing a surge in large transactions in the last 24 hours, indicating potential activity from major investors, or "whales."
According to data from IntoTheBlock, the total value of these large transactions, exceeding $100,000, nearly doubled in the past 24 hours, jumping from $1.53 billion to a staggering $3.01 billion. This translates to a significant rise in the volume of DOGE being moved by these whales, from 9.74 billion to 17.97 billion coins.
This surge in whale activity coincides with growing speculation about a potential Dogecoin ETF. The recent optimism surrounding the Ethereum ETF has fueled rumors that DOGE could be next in line for its own regulated investment vehicle.
🔸 Why is Dogecoin ETF possible?
Dogecoin appears to have several factors working in its favor for ETF approval. Unlike some other cryptocurrencies, DOGE is not suspected of being a security, its futures are already approved by the U.S. Commodity Futures Trading Commission (CFTC) and it boasts a healthy market capitalization of $24 billion, ranking it as the eighth largest cryptocurrency.
Interestingly, Billy Markus, one of the creators behind Dogecoin under the pseudonym Shibetoshi Nakamoto, has even chimed in on the ETF rumor with a lighthearted "amusing" remark.
Whether fueled by these rumors or not, the recent surge in whale transactions suggests heightened interest in DOGE, and investors are watching closely to see if this translates to a price increase.
The price of Cardano (ADA) is rising after breaking above the 21-day SMA or resistance at $0.45.
🔸 Long-term forecast for the Cardano price: bearish
The altcoin is approaching the top of the 50-day SMA or resistance at $0.50. On the upside, Cardano will resume its uptrend if the current bullish momentum breaks above the 50-day SMA. The altcoin will reach highs of $0.62 and $0.68.
However, if it is rejected at the 50-day SMA, Cardano would be caught between the moving average lines. The altcoin will start to fluctuate between the moving average lines. In other words, the ADA price will fluctuate between $0.45 and $0.50. The current exchange rate between ADA and USD is $0.47.
🔸 Analysis of the Cardano indicator
Cardano's price bars have risen above the 21-day SMA but remain below the 50-day SMA. If the price of Cardano rises above the 50-day SMA, the negative trend will be stopped. The 21-day SMA had capped the previous uptrend but has now been breached. The buyers still have to overcome a barrier at the 50-day SMA before they can resume the uptrend.
🔸 What is the next move for Cardano?
Cardano is bouncing as it approaches resistance at $0.50. On the 4-hour chart, the ADA price is stuck at $0.49. It is currently trading below its recent high, the cryptocurrency has tested the resistance level twice. This means that Cardano will fluctuate for a few days.