Lucie claims crypto exchanges prioritize paid listings over project development, exposing manipulation in token listings across centralized platforms.  

Despite Elon Musk’s prior influence, Lucie believes market conditions prevent him from significantly impacting Dogecoin’s price now.  

Lucie urges Shiba Inu’s community to focus on Shibarium and anticipate a possible market recovery amid low adoption and current challenges.  

Lucie, Shiba Inu’s marketing lead, recently voiced concerns about cryptocurrency exchange practices, drawing attention to the challenges of listing tokens. Through posts on X, Lucie revealed how some exchanges focus on tokens with hype rather than project stability. Her statements shed light on the financial hurdles many crypto projects face, with token listings often requiring substantial payments. These practices favor short-term gains from trading fees rather than ensuring long-term project success.

Lucie on Paid Listings and Market Manipulation  

Lucie argued that token listings are frequently influenced by monetary incentives rather than a genuine interest in project fundamentals. While some projects are eager to gain visibility through listings, Lucie warned that this strategy may not necessarily translate into sustainable success. 

The crypto market, she claimed, is highly manipulated, with exchanges prioritizing their interests. This creates a competitive environment where smaller projects often struggle to gain traction unless they can afford the high listing fees demanded by these platforms.

https://twitter.com/LucieSHIB/status/1835650923671990585

Elon Musk’s Declining Influence on Dogecoin 

Besides exposing exchange practices, Lucie discussed Dogecoin and its connection to Elon Musk. Musk, who once significantly influenced Dogecoin’s price through public endorsements, is now seeing diminished effects on the market. Lucie emphasized that current market conditions, particularly the slow adoption of new crypto holders, have made it difficult for even high-profile figures to influence token prices. In her view, celebrity involvement, which once sparked market enthusiasm, no longer holds the same power to drive substantial price movements for Dogecoin.

Shiba Inu’s Focus on Shibarium Development 

Despite these challenges, Lucie remains optimistic about Shiba Inu’s future, encouraging the community to support Shibarium, the project’s Layer 2 solution. Though adoption has been slow, she believes a bull market could be on the horizon. Lucie urged the SHIB community to stay focused on Shibarium's progress, as it plays a crucial role in Shiba Inu's long-term strategy.

All five SEC Commissioners will testify before Congress next week, the first such appearance since 2019.

SEC Chair Gary Gensler faces allegations of illegal hiring practices involving political bias, potentially leading to serious consequences.

Former SEC officials are set to testify on cryptocurrency regulation, with debates over Ethereum’s status as a security likely to resurface.

All five members of the U.S. Securities and Exchange Commission (SEC) will testify before the House Financial Services Committee next week. This marks the first time since 2019 that the entire commission will appear together, reflecting growing attention on the agency’s actions. The session will focus on SEC Chair Gary Gensler’s hiring practices, allegations of illegal political bias, and potential ramifications for cryptocurrency regulation.

https://twitter.com/EleanorTerrett/status/1835842912174604369

Gary Gensler Under Investigation for Hiring Practices

SEC Chair Gary Gensler is currently facing serious allegations of violating federal hiring laws. It is alleged that Gensler considered the political affiliations of candidates, which could breach the Civil Service Reform Act of 1978. These accusations have led to a growing chorus of critics questioning the agency’s integrity and impartiality.

The potential consequences for Gensler are significant. If found guilty, he may face disqualification from his current role, casting a shadow over his leadership. The allegations come at a time when the SEC is under intense scrutiny for its handling of several high-profile cases, including those related to cryptocurrency.

Former SEC Officials to Testify on Crypto Regulation

In addition to the sitting commissioners, former SEC officials Dan Gallagher and Michael Liftik are expected to provide critical testimony on the SEC's regulatory stance on digital assets. Gallagher, a former SEC Commissioner and current Chief Legal Officer at Robinhood Markets, and Liftik, a former SEC Deputy Chief of Staff, are likely to shed light on the SEC’s evolving views on cryptocurrency regulation. Their insights are particularly relevant as the industry faces increasing regulatory pressures.

Ethereum’s Status and Crypto Regulation to Take Center Stage

A key point of contention that may resurface during the hearings is the ongoing debate over Ethereum’s classification as a security. With all five SEC Commissioners present, analysts are closely watching how this issue will be addressed. Committee Chair Patrick McHenry is expected to question Gensler on the topic, while SEC Commissioner Hester Peirce may seize this opportunity to advocate for more clarity in crypto regulation.

These hearings come at a pivotal time for the SEC. The testimonies are likely to influence the agency's future direction, particularly regarding its regulatory approach to digital assets. Furthermore, the outcome could have lasting effects on the SEC’s credibility and leadership.

Shytoshi Kusama's profile update to 'Whale' has fueled widespread speculation within the Shiba Inu community about potential market implications.

The Shiba Inu ecosystem is gaining momentum with new partnerships and donations, signaling significant upcoming developments within the project.

The SHIB ecosystem is on the cusp of new advancements, particularly with the TREAT token's pivotal role in expanding Shiba Inu's metaverse.

Shytoshi Kusama, the lead developer of the Shiba Inu project, has once again stirred the crypto community by making a cryptic change to his X (formerly Twitter) profile. This time, Kusama updated his location to "Whale," a term often used to describe individuals or entities holding a significant amount of cryptocurrency. The change has fueled widespread speculation within the Shiba Inu community, as many interpret it as a subtle hint toward possible upcoming developments in the SHIB ecosystem.

https://twitter.com/kuro_9696_9696/status/1835987489124913363

What could Kusama's 'Whale' reference mean?

In the world of cryptocurrency, "whales" are known for their substantial holdings, capable of influencing market trends. Kusama’s profile update has led many SHIB holders to wonder whether this change points to a new large investor or entity becoming involved with the Shiba Inu ecosystem. Some also speculate it could signal a forthcoming significant move, such as a large transaction or further development of Shibarium, the layer-2 solution driving Shiba Inu's blockchain.

Shiba Inu's global initiatives continue

At the same time, Shiba Inu continues to expand its global presence through various initiatives. As part of the "Treat Yourself" tour, the Shiba Inu community recently announced plans to visit Seoul and contribute to the Seungil Hope Foundation, Korea’s first specialized ALS hospital. This donation is viewed as a key milestone for Shiba Inu, further strengthening its ties with international charitable organizations.

Kusama’s profile update comes as the Shiba Inu ecosystem is poised for further expansion. A key member of the team, Lucie, hinted in a recent X post that the SHIB ecosystem is on the verge of a “mysterious evolution.” The TREAT token is set to play a pivotal role in this process, potentially unlocking new opportunities for SHIB's metaverse and decentralized autonomous organization (DAO) development. As the ecosystem grows, SHIB holders eagerly await more details about its future direction.

Fireblocks and Chainlink Labs offer banks a comprehensive solution for minting, managing, and distributing stablecoins across various blockchains.  

The collaboration provides real-time visibility into stablecoin reserves, ensuring enhanced transparency and boosting market confidence in digital assets.  

As stablecoin usage grows, this partnership aims to help institutions securely issue stablecoins while expanding their use as a payment instrument.

Fireblocks and Chainlink Labs have announced a strategic collaboration to provide banks with a robust solution for issuing and managing stablecoins. This collaboration aims to support regulated stablecoin issuance and management, streamlining tokenization for financial institutions.

The partnership, announced on September 17, offers end-to-end tokenization services for stablecoin issuers, including minting, custody, and distribution. According to Chainlink Labs’ global head of banking and capital markets, Angie Walker, the collaboration will give stablecoin users real-time visibility into asset reserves, further elevating stablecoins as secure payment and trading instruments in digital asset markets.

Streamlined Tokenization and Custody Solutions

This collaboration ensures a comprehensive solution for stablecoin issuers by providing minting, custody, and management services. The partnership also allows issuing agents to gain a real-time view of their stablecoin reserves, market value, and total supply, even across multiple blockchains. This technology solution enhances transparency, giving users confidence in stablecoin collateral.

Chainlink Labs and Fireblocks have already worked together with Bancolombia's Wenia division to launch the COPW stablecoin. Their continued efforts are expected to provide banks with the necessary tools to issue stablecoins securely and efficiently. 

Growth in Stablecoin Usage Fuels Collaboration

The collaboration comes as stablecoin usage continues to grow significantly. A recent report revealed that stablecoins settled $3.7 trillion in 2023 and are projected to reach $5.28 trillion in 2024. Stablecoins are increasingly being used beyond exchange settlement, evolving into a general-purpose digital dollar instrument.

Fireblocks’ managing director of financial markets, Stephen Richardson, emphasized that as regulatory frameworks around tokenized money evolve, the demand for regulated stablecoin usage at the institutional level is expanding. He noted that this partnership meets the growing market needs by facilitating large-scale stablecoin adoption.

Implications for the Broader Market

This strategic collaboration between Fireblocks and Chainlink Labs is poised to drive crypto adoption within traditional finance. With improved transparency and enhanced tokenization capabilities, the joint effort is expected to play a significant role in accelerating the integration of stablecoins into mainstream financial markets. As the partnership unfolds, it could have far-reaching effects on how banks manage and transact stablecoins, boosting both liquidity and security in the digital asset space.

Tether’s $1 billion USDT mint on Ethereum adds liquidity, providing support for transactions and financial activity across crypto markets.  

Trump’s World Liberty Financial launch brings a new lending platform to Ethereum, adding momentum to decentralized finance.  

Analysts predict a crypto market bull run driven by increased liquidity and major political and economic developments.

The crypto space is witnessing a rise in positive sentiment as two major developments promise a potential bullish market. The recent minting of $1 billion USDT on the Ethereum network and the launch of Donald Trump’s World Liberty Financial (WLFI) are generating optimism among market participants. These events are fueling predictions of significant shifts in Bitcoin and the broader cryptocurrency landscape in the coming months.

https://twitter.com/cryptoquant_com/status/1835963073103822971

USDT Mint on Ethereum Sparks Liquidity Surge

Tether’s recent minting of $1 billion USDT on Ethereum is one of the key factors behind the growing optimism. This large influx of stablecoin liquidity is seen as a positive sign for the market, providing stable capital for transactions. With Tether’s total market cap now standing at $55 billion, analysts expect the newly minted USDT to play a significant role in driving liquidity, benefiting both financial markets and cryptocurrency exchanges.

The injection of stablecoins is particularly important for increasing market liquidity, enabling smoother transactions, and providing support for ongoing financial activity in the crypto sector. This event comes at a critical time when the market is closely monitoring movements that could signal the start of a new bull run.

Trump’s Crypto Platform WLFI Targets Ethereum

Another noteworthy development is Donald Trump’s crypto platform, World Liberty Financial, which has entered the scene on Ethereum. The platform, which offers lending and borrowing services, introduces the WLFI token. This non-transferable governance token operates under SEC regulations, with a distribution model that allocates 63% for public sale, 17% for user rewards, and 20% for team compensation.

This move is considered significant due to its timing, with Trump’s platform aiming to tap into the rising demand for decentralized financial services. Many market analysts believe that Trump’s involvement in the crypto space could further boost the market’s momentum.

A Bullish Outlook for Bitcoin and Crypto

With these two major developments, Bitcoin and the broader cryptocurrency market may be entering a bullish phase. The combination of increased liquidity through the USDT mint and the launch of Trump’s WLFI platform is expected to contribute to a surge in market activity. Analysts anticipate that these moves could be the catalyst for a larger bull run, with the market likely to see parabolic price shifts in the coming months.

DBS Bank becomes Asia's first bank to offer crypto options and structured notes, linked to Bitcoin and Ethereum.

New offerings allow eligible DBS clients to hedge against market volatility and manage risks with advanced investment strategies.

DDEx reports 80% growth in digital assets custodised with DBS, driving demand for secure institutional-grade crypto investment products.

Singapore’s DBS Bank has revealed its plans to introduce cryptocurrency options trading and structured notes by the fourth quarter of 2024. The new offering will be available to eligible institutional clients and accredited wealth clients, marking DBS as the first Asian-headquartered bank to offer such financial products. These new products will be tied to the prices of Bitcoin and Ethereum, two of the largest cryptocurrencies by market value.

https://twitter.com/_TOBTC/status/1835971141095317882

Notably, the bank is expanding its range of digital asset services, allowing clients to hedge against market volatility and adopt advanced investment strategies. This development builds on the bank's current digital offerings through its DBS Digital Exchange (DDEx), where clients already trade cryptocurrencies and security tokens.

New Opportunities for Institutional Investors

DBS Bank’s latest venture is poised to offer institutional clients greater flexibility in managing their cryptocurrency portfolios. The introduction of over-the-counter cryptocurrency options and structured notes will provide opportunities to earn yield or take delivery of underlying assets like Bitcoin and Ethereum. Additionally, these clients can use advanced strategies to manage risks, particularly in volatile markets.

For instance, investors can hedge their positions by purchasing put options, which enable them to sell Bitcoin at a predetermined price, even if its value decreases. As Jacky Tai, DBS Group Head of Trading and Structuring, Global Financial Markets, explains,

Our clients have an alternative channel to build exposure to the asset class and incorporate advanced investment strategies to better manage their digital asset portfolios.

Crypto Market Growth Drives Demand

DBS’s decision to offer these products comes amid growth in the crypto market. Between January and May 2024, cryptocurrency market capitalization increased by approximately 50%. During the same period, DDEx reported a threefold surge in digital assets traded in Singapore dollar terms. The bank also witnessed an 80% growth in digital assets under custody and a 36% rise in active trading clients.

This increasing demand highlights the appetite for institutional-grade platforms that provide secure, regulated access to digital assets. DBS continues to meet this demand by custodising clients’ digital assets within the bank, using institutional-grade cold wallets, ensuring that the digital assets remain separate from those traded on DDEx.

DBS Expands Digital Asset Portfolio

With the forthcoming options trading and structured notes, DBS Bank is further strengthening its foothold in the digital asset space. The bank's offerings will be available to institutional and accredited clients of DBS Private Bank and DBS Treasures Private Client. However, the focus remains on providing secure, trusted access to cryptocurrency products in the growing market.

DBS’s continued growth in the digital assets sector reflects the broader trend of professional investors increasingly allocating to digital assets in their portfolios. As Jacky Tai notes, "These financial products are an expansion of the bank’s value proposition to provide clients trusted institutional-grade access to the digital asset ecosystem."

Bitcoin surged to $69K in 2021 amid low interest rates; central banks cutting rates could spark another bullish run.

DrProfitCrypto predicts a 0.50% Fed rate cut, with Bitcoin poised for gains as liquidity continues to rise globally.

Liquidity cycles suggest another peak by 2026, aligning with potential Bitcoin price gains from increased capital availability.

The ongoing shift in global monetary policies has reignited interest in crypto markets. With central banks now reducing interest rates, market observers are turning their focus to how this will impact Bitcoin. Notably, a rate cut is anticipated as the Federal Reserve prepares for its next decision on September 18. 

https://twitter.com/CryptoFrontNews/status/1835946677909299359

According to analyst DrProfitCrypto, this could potentially influence asset prices, with Bitcoin well-positioned for upward momentum, given its previous performance during periods of loose monetary policies.

Central Banks Begin Cutting Rates Again

Since 2021, central banks have been navigating fluctuating global liquidity levels. Interest rates sat at 0.25% in 2021 when Bitcoin surged to $69,000, reflecting the effect of increased liquidity on asset prices. After periods of monetary tightening, central banks have now resumed cutting rates. This renewed policy approach could bring changes to liquidity, impacting Bitcoin and broader markets.

From 2000 through 2024, liquidity levels have shown a cyclical nature, recovering from significant drops like those witnessed during the 2008 financial crisis. Liquidity levels recovered after 2010, but declined again between 2014 and 2020. 

Notably, the COVID-19 pandemic prompted a strong resurgence in liquidity as central banks introduced measures to stabilize economies. This trend is expected to continue through 2026.

Analyst Expects Fed to Act Aggressively

Ahead of the upcoming Federal Reserve meeting, analyst DrProfitCrypto has voiced his expectations for a 0.50% rate cut. He pointed to better-than-expected inflation data, such as the Consumer Price Index (CPI) and Producer Price Index (PPI), as key factors driving his prediction. A larger rate cut would signal the Fed’s commitment to stabilizing markets while addressing inflation concerns.

Although market expectations are split between a 0.25% and 0.50% cut, the analyst asserts that the smaller reduction would not be enough to calm markets or sustain economic recovery. As liquidity increases, attention shifts to Bitcoin, a digital asset historically responsive to such economic shifts.

Long-Term Liquidity Trends Highlight Market Cycle

In addition to the upcoming rate cut, the overall liquidity cycle suggests a broader trend in global capital availability. Liquidity peaked in 2007 and 2014, and projections indicate that another peak could arrive by 2026. 

These cyclical trends have historically coincided with key global economic events, further influencing market behavior. As central banks adjust their policies, liquidity levels are set to remain a key factor in shaping financial markets and the outlook for assets like Bitcoin.

Bitcoin's price holds steady, forming higher lows along a trendline, signaling potential for a bullish rebound towards $67,000.

Bullish divergence in Bitcoin's RSI hints at a possible price reversal, indicating upward momentum despite recent retracements.

A potential golden cross between Bitcoin's MA50 and MA200 could trigger a bullish reversal, with support near $53,000.

JavonTM1, a crypto analyst on X, recently pointed to a hidden bullish divergence on Bitcoin's (BTC) 3-hour trend. This indicator could suggest an upcoming bullish move for the cryptocurrency. 

The current price action highlights several critical trends, with Bitcoin's price showing signs of an upward push. Notably, Bitcoin has been maintaining a steady support level, indicating that the market could be preparing for a bounce in the near term.

https://twitter.com/JavonTM1/status/1835841975884693764

Price Movement and Support Levels

Bitcoin’s price recently experienced a retracement, forming higher lows along a steady upward trendline. The market appears to respect this support, which may suggest a potential price rebound. Key resistance is currently near $67,000, while support is holding close to $54,000. Traders are paying close attention to whether Bitcoin can sustain this upward trajectory, especially if it approaches the next resistance point.

Bullish Divergence and Momentum Indicators

One critical signal from the analysis comes from the RSI indicator, which displays a bullish divergence. While Bitcoin’s price formed higher lows, the RSI simultaneously created lower lows. This divergence often implies a potential reversal or continuation of upward momentum, signaling that a bullish move may be on the horizon. If the price maintains its current trajectory, it could see an increase towards the $67,000 resistance level. However, breaking below the support line might lead to bearish momentum.

Moving Averages and Future Trends

The MA50, more sensitive to short-term price fluctuations, crossed above the MA200 in July, indicating a golden cross, followed by a brief price rally. However, a death cross in August signaled a bearish trend, which pushed the price towards $53,000. 

Source: Santiment

Currently, the MA50 is attempting an upward turn. If it crosses above the MA200 again, a bullish reversal could occur, with resistance near $67,500. Nonetheless, a fall below $53,000 could further extend bearish trends.

Donald Trump believes cryptocurrencies could flourish, but a hostile U.S. regulatory stance is blocking progress.

Trump warns that without crypto adoption, the U.S. risks falling behind countries like China in the digital currency race.

Younger generations, including Trump’s children, are embracing cryptocurrencies, highlighting the growing interest and use in payments.

Donald Trump recently expressed his belief that cryptocurrency holds great potential, describing it as a growing and youthful industry. According to the former president, the opportunity for digital currencies to become something significant is evident. 

https://twitter.com/BitcoinMagazine/status/1835844797971484925

However, Trump pointed out that the current regulatory environment under the Biden administration, possibly led by Kamala Harris, has created a hostile stance toward the industry, which he believes is holding back the sector's progress.

His comments reflect a concern that without proper support, the U.S. could lose its edge to countries like China, which are already advancing in the crypto space.

Hostile SEC Blocking Crypto's Growth

Trump specifically criticized the U.S. Securities and Exchange Commission (SEC) for its aggressive posture toward cryptocurrencies. He noted that this regulatory hostility is stalling growth and innovation within the industry. The Biden administration, in his view, appears uncertain on how to manage the crypto sector. 

Notably, he questioned whether it should even be called the "Biden administration" or the "Harris administration." Despite these concerns, Trump suggested that America needs to push forward or risk falling behind countries like China, which are moving ahead with crypto adoption.

U.S. Risks Falling Behind Without Crypto Adoption

China’s rapid advancement in cryptocurrency development, according to Trump, presents a major risk for the U.S. He emphasized that if the United States does not take the lead in this sector, other nations will quickly fill the gap. However, the U.S. still has a key advantage.

Trump highlighted his personal belief in crypto, noting that his perspective, combined with America’s technological edge, could help secure the country’s dominance. He stressed the urgency for the U.S. to take crypto seriously to maintain its leadership in global finance.

Crypto Popular Among Young Generations 

Trump highlighted the growing interest in cryptocurrencies among younger generations, including his children. He mentioned that his son Barron, who owns several crypto wallets, is deeply involved in the space, showcasing how young people grasp digital currencies better than older generations.

Additionally, he noted that cryptocurrency is increasingly being used in transactions, with more people using it to make payments, a trend that was not as visible a few years ago.

MicroStrategy will issue $700M in senior notes to finance additional Bitcoin purchases and debt reduction.

The firm holds 244,800 BTC, worth $14.2B, and plans to use new funding to acquire more Bitcoin and repurchase $500M in debt.

MicroStrategy’s stock fell 4.9% after the announcement, reflecting market volatility but remains up 300% year-over-year.

MicroStrategy, led by Michael Saylor, has announced plans to sell up to $700 million in senior convertible notes to fund more Bitcoin purchases and repurchase existing debt. The business intelligence firm, known for its heavy Bitcoin holdings, said the private offering will depend on market conditions. These senior convertible notes will mature in 2028, with interest paid semi-annually.

https://twitter.com/BitcoinMagazine/status/1835800148913590696

Expanding Bitcoin Holdings

MicroStrategy has been aggressively increasing its Bitcoin holdings since 2020. The company recently bought 18,300 BTC, valued at over $1 billion. This brings its total Bitcoin holdings to 244,800 BTC, worth an estimated $14.2 billion at current prices. These purchases make MicroStrategy the largest corporate holder of Bitcoin. It is notable that the company has continued these acquisitions, regardless of market conditions.

The firm plans to use the proceeds from the sale of these notes primarily to redeem $500 million in senior secured notes that carry a 6.125% interest rate. This move will free up additional resources for the company. Any remaining funds from the sale will be used to purchase more Bitcoin and for other corporate purposes.

Debt Repurchase Plans

MicroStrategy’s total debt currently stands at $3.9 billion as of June 2024. The new issuance is intended to help restructure this debt. The company plans to grant buyers of the new notes an option to purchase an additional $105 million within 13 days of the initial issuance. MicroStrategy may also redeem these new notes for cash starting in December 2027, depending on certain conditions.

This effort to reduce debt while increasing its Bitcoin holdings shows MicroStrategy’s continued confidence in Bitcoin as a reserve asset. The company has repeatedly stated that Bitcoin is a critical part of its corporate strategy.

Market Impact and Recent Trading Activity

Despite the announcement, MicroStrategy's stock (MSTR) has faced some volatility. It dropped 4.9% in regular trading and another 1.6% in after-hours trading, reflecting the broader decline in Bitcoin’s value. Nevertheless, MicroStrategy’s shares have risen by around 300% year-over-year, driven largely by its Bitcoin strategy.

While other companies like Semler Scientific and Metaplanet have followed MicroStrategy’s footsteps in issuing debt to acquire Bitcoin, MicroStrategy continues to lead in both its aggressive strategy and its overall Bitcoin holdings.

Binance’s listing of Neiro triggered a 700% price surge in under 24 hours, drawing significant attention from traders and investors.

Allegations of insider trading have surfaced after a suspicious address accumulated Neiro tokens before Binance's announcement.

The Neiro community remains divided over the listing, with some members concerned about manipulation and others praising the move.

On September 16, the Ethereum memecoin market experienced significant movement as Binance, the largest crypto exchange, listed the Neiro token for spot trading. Neiro, a dog-themed meme token inspired by Akita Neiro, quickly surged over 700% in less than 24 hours after being listed, following a period of subdued price action.

Binance’s Impact on Neiro’s Price Surge

The listing on Binance breathed new life into Neiro, which had been lagging for weeks. As soon as Binance announced, the memecoin saw an explosive rally, gaining the attention of traders and investors across the crypto space. This surge placed the Neiro token in the spotlight and fueled discussions within the Ethereum and Solana communities, where other memecoins with similar themes have been circulating.

https://twitter.com/PRINTMYMINT/status/1835621182793461807

Origins of Neiro and Market Response

Neiro traces its origins to a Shiba Inu rescue dog adopted by Atsuko Sato, who is well-known for owning Kabosu, the inspiration behind Dogecoin (DOGE). The “next Dogecoin” narrative helped Neiro attract significant interest since its launch in July. Despite the initial disappearance of its developer, the token managed to transform into a community-driven project on the Ethereum blockchain.

However, Neiro is not alone. A second token with the same name emerged on Ethereum, which quickly reached a market cap of $300 million. This rival token gained substantial traction when prominent figures from the Shiba Inu community started investing, and it secured listings on major platforms, including Bybit and Binance’s perpetual contracts.

Community Divide and Insider Allegations

The Binance listing has led to a divide within the Neiro community. Supporters of Ethereum’s first Neiro token viewed the listing as a positive development, believing it could bring more legitimacy to the project. However, others alleged manipulation. A prominent faction within the community pointed to rumors that crypto entrepreneur Justin Sun and other insiders were behind the listing decision, accusing them of having prior knowledge.

Observers noted an unlabeled address accumulating a substantial amount of Neiro tokens before the official listing announcement, raising concerns about insider trading. As of now, the unknown address holds unrealized profits exceeding $500,000.

The incident has sparked wider discussions about Binance’s involvement in the volatile memecoin space. Some community members have expressed concerns about potential legal consequences, questioning whether the exchange's involvement in this highly speculative market creates an unfair advantage for certain players.

Hadsel residents face an extra $280 in electricity costs annually following the shutdown of a local Bitcoin mining facility.

The Bitcoin mining facility contributed to 20% of the town’s power company revenue, causing financial strain after its closure.

Many Bitcoin mining companies are diversifying into AI and HPC sectors due to rising energy costs and reduced mining rewards.

Hadsel, a small town in Norway, is grappling with a surge in electricity costs following the recent shutdown of a local Bitcoin mining center. The facility, which had contributed to 20% of the local utility company's revenue, was closed after residents complained about excessive noise. This decision has now left households in Hadsel facing an annual increase of around $280 in their electricity bills.

The mining facility consumed approximately 80 gigawatt hours (GWh) of electricity annually, equating to the power usage of 3,200 households. Its closure has triggered significant financial strain on the local utility company, which relied heavily on the energy consumption generated by the Bitcoin operation. Hadsel's mayor, Kjell-Børge Freiberg, acknowledged the challenge and mentioned that the town is seeking alternative projects to stabilize electricity prices.

https://twitter.com/BullishTimes_/status/1835175015702012392

Noise vs. Cost: Divided Reactions to Bitcoin Mining

The decision to shut down the Bitcoin mining center came after numerous complaints from residents about noise pollution. However, some experts argue that the media often exaggerates these concerns. Kjetil Hove Pettersen, CEO of the mining company KryptoVault, pointed out that only a small percentage of residents voiced these grievances. Nonetheless, their complaints have led to a broader debate about the benefits and downsides of hosting such facilities in small towns like Hadsel.

Other Norwegian towns, such as Sortland, have experienced similar challenges with Bitcoin mining operations, with noise complaints frequently being reported. Despite this, local governments continue to grapple with balancing residents' concerns and the financial benefits these mining centers bring to their communities.

Bitcoin Miners Seek New Directions Amid Economic Challenges

Globally, Bitcoin miners are increasingly struggling to cope with rising energy costs and reduced mining rewards. The most recent Bitcoin halving in April, which halved the issuance of new Bitcoin, has significantly affected mining profitability. Companies like Marathon Digital and Riot Platforms are feeling the impact, leading many in the industry to diversify their focus.

Some Bitcoin mining firms are now turning to artificial intelligence (AI) and high-performance computing (HPC) sectors to offset losses. Core Scientific, a leading mining company, has successfully pivoted by securing a $6.7 billion deal with Nvidia-backed CoreWeave. This shift highlights the growing convergence of AI and Bitcoin mining as companies seek to stay financially viable.

Peter Schiff forecasts Bitcoin could decline to $15,000-$20,000, highlighting a “triple top” chart pattern as a key indicator.

Schiff’s prediction contrasts sharply with Michael Saylor’s optimistic Bitcoin outlook, emphasizing potential support tests around $20,000.

Schiff humorously doubts Bitcoin reaching $1 million, reflecting his deep skepticism about extreme cryptocurrency price predictions.

Peter Schiff, a longstanding critic of Bitcoin, has recently forecasted a significant decline in the cryptocurrency's value. According to Schiff, Bitcoin might drop to between $15,000 and $20,000. In a recent X post, Schiff highlighted a “triple top” chart pattern, which he believes indicates a major downturn. This pattern suggests that Bitcoin could first fall to an upward trend line around $42,000, but Schiff warns it might not hold at that level for long.

https://twitter.com/PeterSchiff/status/1835631752611578063

Schiff's forecast challenges the optimistic view held by Bitcoin supporter Michael Saylor. Saylor has been a prominent advocate for Bitcoin as a reliable long-term store of value. However, Schiff's comments directly contest Saylor's bullish stance, suggesting that Bitcoin might face substantial support level tests in the $20,000 range. This perspective presents a sharp contrast to Saylor's positive outlook on Bitcoin’s future.

In a recent interaction with followers, Schiff addressed the possibility of Bitcoin reaching $1 million, a target often mentioned by some of the cryptocurrency's most ardent proponents. Schiff responded with skepticism, stating that such a milestone would require significant changes in economic conditions, humorously noting that if Bitcoin hit $1 million, a drink in Puerto Rico would also need to cost $1 million. This light-hearted remark underscores Schiff’s deep skepticism regarding extreme Bitcoin price predictions.

Schiff’s comments come amidst a backdrop of various market movements and speculation about Bitcoin's future. The cryptocurrency market remains highly volatile, with fluctuating trends influencing investor sentiment. While Bitcoin enthusiasts remain hopeful about its long-term value, Schiff's warnings highlight ongoing debates about the cryptocurrency's trajectory and the feasibility of its ambitious price forecasts.

The broader cryptocurrency market continues to react to such predictions, with investors closely monitoring key indicators and expert opinions. Schiff’s analysis contributes to the ongoing discourse on Bitcoin’s potential future, reflecting a cautious stance amidst a landscape of varying opinions and market uncertainty.

Robinhood re-lists XRP following Ripple’s legal win, boosting confidence among investors and expanding the coin's visibility on the platform.

XRP is now available to trade on Robinhood's platform for eligible EU users, signaling a cautious re-entry into the broader market.

Following the re-listing, XRP’s price saw volatility, spiking by 4% before retracting, while analysts predict further market fluctuations.

Robinhood has re-listed XRP as a tradable asset, signaling a new phase for the cryptocurrency after a lengthy legal battle between Ripple and the Securities and Exchange Commission (SEC). This update has excited the XRP community, as the popular investment platform had previously distanced itself from the asset due to legal uncertainties.

The decision comes after a significant legal win for Ripple, clarifying XRP’s regulatory status. Although other major exchanges, such as Coinbase and Kraken, had reintroduced the coin earlier, Robinhood was slower to follow. Its addition to XRP has generated renewed optimism, especially given the increased visibility the coin will now receive on a platform with millions of users.

XRP Listed on Robinhood’s Tradable Assets Page

Though Robinhood has not made an official statement regarding the XRP re-listing, users noticed its addition to the platform’s “About” page. XRP now joins a group of other supported cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE). The inclusion has caught the attention of investors who are hopeful that the expanded audience could influence XRP’s market activity.

https://twitter.com/Vet_X0/status/1835004201144840229

However, the platform notes that cryptocurrency services are currently limited to users in the European Union. According to the updated information on Robinhood’s website, only eligible EU customers can access XRP trading services, through Robinhood Europe, UAB. This could limit the immediate impact on the U.S. market.

Ripple’s Legal Battle Resolution Drives Re-Listing

Robinhood’s decision to re-list XRP follows the official resolution of Ripple’s legal dispute with the SEC. Ripple is set to pay a $125 million civil penalty for violating securities laws, marking the end of a long regulatory battle. The clarity achieved through this legal conclusion is likely what has encouraged Robinhood to reintroduce XRP to its platform, as confidence in the coin’s future has significantly increased.

Previously, Robinhood’s hesitation may have been due to the ongoing legal issues that kept other platforms from listing the coin. Now, the broader market is opening up to XRP, with investors expecting more exchanges to follow suit.

XRP Price Shows Volatility Following the Re-Listing

The re-listing has also affected XRP’s price. Shortly after the update, XRP saw a 4% spike, reaching $0.596. However, it quickly retreated, with the price currently down by 2.58% to $0.5724. Technical indicators show new support levels forming at $0.5734, and analysts are watching closely to see if the price will either dip to $0.562 or rally toward the $0.61 mark.  

The re-listing on Robinhood has sparked optimism that other platforms might reintroduce XRP, increasing its accessibility and possibly driving its price higher.

Saylor plans to leave his assets to a public charity dedicated to promoting Bitcoin adoption.  

MicroStrategy’s Bitcoin-focused strategy will remain unchanged, eliminating "key man risk" after Saylor.  

Saylor's charity ensures MicroStrategy’s Bitcoin commitment continues long after his passing.  

Michael Saylor, a prominent advocate for Bitcoin and CEO of MicroStrategy, has revealed his long-term plan to ensure the continued support and adoption of Bitcoin even after his passing. 

In a recent statement, Saylor clarified his intention to leave his stock, shares, and assets to a public charity dedicated to promoting Bitcoin and its adoption. This move will alleviate any concerns regarding MicroStrategy's direction following his departure.

https://twitter.com/Vivek4real_/status/1835454058141724776

Saylor, who has no heirs, stated that his assets would flow into a nonprofit foundation that will eventually become a public charity. The primary mission of this charity will be to support Bitcoin and ensure its continued adoption. 

This strategy reflects Saylor’s commitment to Bitcoin, ensuring that MicroStrategy’s crypto approach remains consistent despite his absence. He emphasized that this plan eliminates any potential "key man risk" and reassures stakeholders that MicroStrategy’s focus on Bitcoin will not waver.

Saylor’s approach to Bitcoin is straightforward and long-term. MicroStrategy’s strategy involves raising capital from institutions and investing it in Bitcoin. The company plans to hold onto Bitcoin indefinitely without any intention of selling. 

Saylor pointed out that this unwavering commitment to Bitcoin would continue regardless of his presence. He humorously added that once he is gone, he would no longer be able to make any controversial statements or tweets that could impact the company’s strategy.

As of the latest data, Bitcoin’s price stands at $58,526.59, with a trading volume of $27.7 billion over the last day.

Despite a 2.50% decrease over the previous 24 hours, Bitcoin remains the top cryptocurrency by market capitalization, which currently exceeds $1.1 trillion. The circulating supply of Bitcoin is nearly 19.75 million coins, with a maximum supply capped at 21 million.

Animoca Brands' investment will strengthen Titan Chain's infrastructure, enabling Tokenize Xchange to improve liquidity and trading efficiency within its ecosystem.

The partnership will drive innovation across DeFi, GameFi, and NFTs, expanding Tokenize Xchange's reach in Southeast Asia’s digital asset market.

Tokenize Xchange plans significant expansion following a successful funding round and new hires, positioning itself as a blockchain leader in the region.

Tokenize Xchange, a leading cryptocurrency exchange in Southeast Asia, has partnered with Animoca Brands to develop its Titan Chain blockchain network. Animoca Brands, a Hong Kong-based venture capital company specializing in blockchain and gaming, announced its investment in Tokenize’s native token, TKX, as part of the collaboration.

Strategic Investment to Enhance Blockchain Infrastructure

Animoca Brands will serve as Tokenize's primary validator for the Titan Chain and provide essential market-making services. This will enhance liquidity and trading efficiency for TKX and other tokens within the Tokenize ecosystem. The exact investment amount was not disclosed. The partnership is aimed at bolstering Tokenize's blockchain infrastructure and offering a more seamless experience for users.

Expanding Tokenize's Ecosystem

The partnership opens the door for Tokenize Xchange to collaborate with Animoca's extensive network of Web3 projects. This will help Tokenize strengthen its position in the decentralized finance (DeFi), gaming (GameFi), and non-fungible token (NFT) sectors. Tokenize Xchange CEO and founder, Hong Qi Yu, expressed confidence in the partnership, stating that Animoca's expertise will drive innovation and deliver enhanced value to users.

Titan Chain to Drive Mass Adoption in Southeast Asia

Animoca Brands co-founder and executive chairman, Yat Siu, noted that the partnership aligns with Animoca’s mission to advance digital property rights and promote an open metaverse. The collaboration is expected to drive mass adoption of blockchain technology in Southeast Asia, leveraging Tokenize's robust market presence and Animoca's experience in digital collectibles.

Tokenize Xchange has been actively expanding its operations. In July, the company hired Carney Mak as its Chief Strategy Officer to accelerate its growth. Tokenize also completed an $11.5 million Series A funding round earlier this year, with plans to grow its Singapore-based team from 20 to 100 employees over the next 18 months.

With the strategic support of Animoca Brands, Tokenize Xchange aims to solidify its standing as a key player in the Southeast Asian digital asset market while developing new blockchain products through its Titan Chain network.

Bitcoin’s dominance surged to 57%, the highest since April 2021, signaling increased investor trust in volatile market conditions.  

Altcoins are facing significant pressure as investors shift their focus toward the more stable and liquid Bitcoin.  

Market conditions favor Bitcoin’s continued dominance, but future innovations could provide altcoins a chance to recover.

Bitcoin's market dominance has surged to 57%, its highest level since April 2021. This development signals a shift in investor behavior, with Bitcoin gaining a larger share of the cryptocurrency market. Investors are increasingly focusing on Bitcoin, turning away from altcoins amid volatile market conditions.

The rise in Bitcoin's market share reflects a broader trend in the cryptocurrency landscape. Market participants seek stability during uncertain times, and Bitcoin, as the most established digital asset, has emerged as a safer option. Altcoins, meanwhile, are struggling as capital inflows decrease, leading to a consolidation in the market.

Shift in Investor Behavior

Bitcoin’s growing dominance can be attributed to various factors, including global economic uncertainty. With fluctuating markets and unpredictable regulatory environments, many investors are drawn to Bitcoin, which is perceived as more stable than other cryptocurrencies. This shift highlights a move away from speculative altcoins toward more reliable assets.

Additionally, Bitcoin's status as a highly liquid asset has made it a favored choice among investors. In times of market volatility, capital tends to flow into assets that offer more predictability. Bitcoin’s size and liquidity provide a degree of security that other digital currencies currently lack.

Impact on Altcoins

As Bitcoin’s market power increases, the pressure on altcoins intensifies. Altcoins, which have long relied on hype and speculation, are now facing challenges in maintaining investor interest. The reduced capital flow into these assets has led to price declines and an overall struggle to attract new investments.

https://twitter.com/intocryptoverse/status/1835470900084224198

Many smaller cryptocurrencies are failing to maintain their market positions. Investors are showing a preference for holding more stable assets, leaving altcoins in a vulnerable position. This shift may prompt altcoin projects to innovate or risk losing further ground.

Future of Bitcoin’s Market Dominance

If current trends continue, Bitcoin’s dominance could remain high, as its appeal as a store of value strengthens. Investors continue to seek Bitcoin as a haven during turbulent times, and this could keep Bitcoin at the forefront of the market for the foreseeable future.

However, potential developments in the cryptocurrency landscape, such as technological innovations or new regulations, could shift the balance. These changes may create opportunities for altcoins to regain market share, but for now, Bitcoin’s position remains strong.

$DeGods token launched, raised $330M, now stabilizes at $70M, triggering mixed community reactions.

NFT to $DeGods conversion rates set; significant demand but some traders express dissatisfaction.

Scammers exploit launch, fake $DeGods coin steals $150K from unsuspecting investors.

De Labs, the digital asset incubation studio behind the prominent DeGods and y00ts non-fungible token collections, has introduced a new cryptocurrency token called $DeGods. This new memecoin, which aims to consolidate various digital assets within the Dust Labs NFT ecosystem, is built on the Solana blockchain and features a limited supply of 10 billion tokens.

On September 15, Frank DeGods, the co-founder of DeGods, y00ts, and Dust Labs, announced the launch of the $DeGods token. The token was created to merge all digital items within the ecosystem into a single, functional currency. 

https://twitter.com/frankdegods/status/1835452073783226786

During the launch, 3% of the $DeGods supply was sold on a discounted bonding curve to seed liquidity. This allocation sold out within minutes, reflecting significant demand. Following the sale, the liquidity pool (LP) for $DeGods was seeded on Raydium, making the token available for trading.

The $DeGods token has been distributed organically over the past three years without public awareness. As of now, there are 41,241 unique holders across four different blockchain networks, with the top 10 holders controlling only 9.3% of the total supply. 

NFT holders within the De Labs ecosystem can convert their assets into $DeGods tokens at predetermined rates: 1 DeGod equals 550,000 $DeGods, 1 y00t equals 120,000 $DeGods, and 1 $Dust equals 36 $DeGods.

After its launch, $DeGods quickly surged to a market cap of $330 million before selling off and stabilizing around $70 million. This rapid fluctuation resulted in significant financial losses for some traders, including one anonymous investor who reportedly lost nearly $300,000. The project has also faced criticism from parts of the community. 

Some traders have expressed discontent with the decision to convert NFT collections into memecoins, arguing that it undermines the original value of the NFTs. Additionally, the launch attracted scammers, with one fake $DeGods coin rug-pulling unsuspecting investors for over $150,000 within minutes.

Circle and Sony Block Solutions Labs collaborate to launch Bridged USDC on Soneium, enhancing blockchain-based transactions.

Soneium integrates Bridged USDC to support global digital payments and boost decentralized finance and entertainment industries.

Circle’s Bridged USDC standard offers developers seamless integration for digital dollar payments on Ethereum layer 2 blockchain Soneium.

Circle, a leading financial technology firm, has announced a collaboration with Sony Block Solutions Labs to bring Bridged USDC to Soneium, an Ethereum layer 2 blockchain. This integration will make Bridged USDC one of Soneium's primary tokens for transactions, aiming to boost creativity and innovation within the Web3 space. Circle’s Bridged USDC Standard is set to play a key role in expanding decentralized technology applications on the blockchain, benefiting users globally.

https://twitter.com/circle/status/1835515181600067849

Soneium Adopts Bridged USDC as Core Payment System

Soneium, a general-purpose blockchain, will integrate Circle’s Bridged USDC Standard to facilitate seamless, borderless transactions. Bridged USDC is a proxy for native USDC on Ethereum and serves as a key tool for developers working on layer 2 blockchains like Soneium. 

This integration will allow digital creators and businesses to power their apps using digital dollar payments. Circle’s implementation process for Bridged USDC on Ethereum Virtual Machine (EVM)-compatible blockchains ensures that Soneium is prepared for future upgrades, including native USDC issuance.

This is a forward step in Soneium’s goal of supporting diverse applications across industries, fostering a decentralized economy. By making Bridged USDC central to value exchange on the blockchain, Soneium is set to unlock new opportunities for creators and users globally. This move positions the blockchain as a key player in the decentralized finance and entertainment space.

Collaboration to Strengthen Digital Ecosystems

This collaboration with Circle aligns with Sony Block Solutions Labs' long-term vision of a connected, efficient digital ecosystem. Jun Watanabe, Chairman of Sony Block Solutions Labs, highlighted that integrating Circle’s financial infrastructure will enhance the digital entertainment and finance sector. The partnership aims to offer technological benefits to both Soneium and its users worldwide, boosting the efficiency of decentralized transactions.

By leveraging decentralized technology, this collaboration is expected to enhance Soneium’s ecosystem, providing secure and user-friendly experiences in the Web3 era.

Bridged USDC Expands Utility on Layer 2 Blockchain

Jeremy Allaire, Co-Founder and CEO of Circle, emphasized the importance of the partnership in driving innovation. The introduction of Bridged USDC on Soneium is a milestone for Circle’s mission to expand the adoption of stablecoins and blockchain technology. By integrating Circle’s Bridged USDC Standard, Soneium enables developers to power apps with digital payments, further advancing the blockchain’s capabilities.

Dogecoin, the meme cryptocurrency that has gained immense acceptance over the years, is gearing up to hit a very important resistance level that indicates a possible impending bullish breakout. After going down for a couple of months, this digital currency has settled close to the $0.17 price level.

Technical indicators, particularly a falling wedge pattern, suggest that Dogecoin may be on the verge of a significant rally, with analysts closely monitoring its price movement.

Falling Wedge Pattern Points to Reversal

Dogecoin has been exhibiting a wedge pattern for some time which is considered a reversal pattern. This pattern consists of two diverging trendlines that close in with a narrowing price movement.

This pattern is usually bullish, meaning the price might break above the upper trendline and we’ll see a price increase. For Dogecoin, according to technical analysis, it appears that the coin is near the ending of this pattern with rapid price movement expected in the near future.

Many analysts have commented on this pattern, ZAYK Charts later adding that Dogecoin has been moving in this range extending to the month of March. The price movement has been narrowing and this led to the likelihood that a breakout would trigger a dramatic increase in price.

https://twitter.com/ZAYKCharts/status/1834807512786162052

The falling wedge pattern's historical performance further supports the bullish sentiment. Once the resistance line is breached, this pattern often precedes a sharp upward move.

Price Targets and Key Levels

As of the latest data, Dogecoin is trading around $0.105, with a target of $0.17. Analysts predict a swift rise to this target level should Dogecoin successfully break above the falling wedge. World of Charts, a crypto analyst, also projects that with increasing buying pressure, Dogecoin could rally further, potentially reaching the $0.26 level shortly.

https://twitter.com/WorldOfCharts1/status/1834710522022760609

Of late, Dogecoin price movement have remained within a low range which is generally the case shortly before a price trend takes place. The current live Dogecoin price is $0.105582 and in the last 24 hours, a total of $364,930,054 was traded.

The cap lost about 0.99 % within the last 24hr period but this has not stopped Dogecoin from remaining as the eighth largest cryptocurrency in the world with a market cap of over $15,411,171,082

.

Technical Indicators Show Mixed Signals

A review of the daily price chart for Dogecoin against the US Dollar on the Bitstamp exchange reveals significant volatility, with prices ranging between $0.06 and $0.24 from late 2023 to September 2024.

Source: CoinMarketCap

Notably, in the early weeks of 2024, Dogecoin managed to surpass the dollar mark in valuation to reach a peak of $0.24; however, it suffered a severe drop and consolidated at the $0.10 to $0.12 region.

Apart from the charts pattern, other technical indicators like MACD or RSI can help in further understanding of the situation. The MACD is a little bit promising because it indicates a slight bullish crossover as the MACD line crosses above the signal line.

Source: TradingView

However, the weak movement suggests a cautious market sentiment. Meanwhile, the RSI stands at 54.32, slightly above the neutral level of 50, indicating that Dogecoin is in a mildly bullish zone without being overbought.