Cardano (ADA) price is currently showing signs of a possible consolidation phase as large transactions have increased and then stabilized over the past few weeks.

In late September, ADA saw a significant spike in large on-chain transactions exceeding $100,000. However, after this spike, large transactions gradually decreased. Therefore, indicating that major market participants may be reducing their activity.

Large ADA transactions indicate consolidation phase

Tomorrow, October 9, Dogs (DOGS) and Notcoin (NOT) will jointly burn $4 million worth of tokens that have remained unclaimed since both projects distributed tokens in airdrops on Telegram.

This event has sparked speculation about the potential impact on their respective prices. As the community awaits this moment, BeInCrypto examines how demand and supply dynamics could affect NOT and DOGS.

Telegram Coin Event Excites Community

Both Notcoin and Dogs have decided to burn their tokens after receiving community approval. To encourage participation, the official Telegram channels of these native projects have announced that the event will be broadcast live on X at 10 am ET.

PEPE price is showing signs of losing momentum. Key technical indicators suggest that the recent uptrend is losing steam. As a result, the memecoin is down nearly 10% in the last 24 hours.

Furthermore, short-term price indicators such as the EMA lines remain neutral, signaling that PEPE could test important support levels soon. While there is a possibility of a downward move, a resurgence of bullish momentum could push PEPE to retest key resistance levels.

Two weeks ago, Dogecoin (DOGE) was priced at $0.13, fueling speculation that the memecoin could be returning to its yearly high. But over the past seven days, Dogecoin’s ambitions to reach that high have been waning, as its price has fallen by 8.86%.

Thus, this move raises concerns among DOGE investors who initially thought that the uptrend would erase the losses they suffered for months. Contrary to these expectations, this analysis reveals that the memecoin may continue to oscillate downwards before any major breakthrough.

Bitcoin was the investment option that appreciated the most among Brazilians' favorites in 2024 so far. The mother cryptocurrency surpassed several traditional economy options.

The data comes from a survey by the CEO of Elos Ayta Consultoria, Einar Rivero.

Bitcoin outperforms competitors and has greater appreciation

The data, published in EXAME, indicate that Bitcoin led the accumulated appreciation in 2024. The cryptocurrency rose by 68.44%, more than 20 percentage points away from second place.

Ripple (XRP) price has been facing significant pressure following a series of bearish technical signals and legal developments. Following the SEC filing an appeal against Ripple, XRP experienced a sharp decline.

Despite this, the RSI has moved out of deeply oversold levels. This indicates that selling pressure may be easing, although the overall trend remains bearish.

XRP’s RSI is currently neutral

XRP’s RSI is currently at 41.60, a significant bounce from its deeply oversold level of 19.79 on October 3. This increase signals that the intense selling pressure seen earlier in the month has eased and some buyers have stepped in.

Minister Alexandre de Moraes, of the Federal Supreme Court (STF), authorized this Tuesday (8) the resumption of the activities of the social network X in Brazil.

Just like suspension, reactivation is not immediate. This is because it depends on notification from Anatel (National Telecommunications Agency) to internet operators, who are responsible for enabling the reestablishment of the platform.

“I hereby order the end of the suspension and authorize the immediate return of the activities of X Brasil Internet Ltda. in the national territory, with Anatel being responsible for taking the necessary measures to ensure the implementation of this decision, with due communication to this Supreme Court within 24 hours,” wrote the minister in his ruling.

About a third of the population of San Pedro, a city 170 km from Buenos Aires, may be victims of an alleged cryptocurrency pyramid scheme. They invested in an exchange that promised earnings of around 1% per day in dollars.

It is estimated that approximately 20 thousand city residents will participate in the scheme.

Possible crypto pyramid scheme promised daily payments

According to the newspaper La Nacion, San Pedro has 70,000 inhabitants. Of these, around 20,000 invested in the Rainbow Exchange trading platform.

Celebrities launching their own memecoins often generate controversy, with Cardi B being no exception. On Tuesday (8), the artist presented WAP.

However, the crypto community quickly pointed out several irregularities involving the asset and its development team.

Cardi B launches cat-themed memecoin

WAP, a memecoin built on Solana, has a total supply of 1 billion tokens. According to Dexscreener, it is currently priced at around 0.00016 SOL, with a market cap of over $23 million.

Ethereum (ETH) recently experienced a 13% drop, with its price falling in late September. Despite this drop, the cryptocurrency is holding above an important support, suggesting that the cryptocurrency may be poised for a recovery.

Investors are now looking for positive signals that could boost ETH, bringing new opportunities for a new price jump.

Ethereum Investors Are Resilient

Ethereum’s long-term holders (LTHs) are showing strength, as indicated by the Liveliness metric. This indicator tracks the behavior of LTHs, decreasing when they accumulate and increasing when they liquidate their holdings.

On several occasions, the price of Toncoin (TON) has shown itself ready to retest the $7 mark. However, since the end of July, almost every time it approaches this region, it retreats, leaving investors worried.

Fortunately, BeInCrypto has identified a daunting sell wall that is preventing Telegram’s native cryptocurrency from sustaining a sustained rally. This on-chain analysis reveals all the details and what TON needs to successfully overcome this point.

Most Toncoin holders are at a loss

X (formerly Twitter) has taken another step towards resolving its legal issues and returning to Brazil. With the help of Caixa Econômica Federal, the company was able to correct the error in depositing its fine, which will speed up the social network's return.

Still, the microblog's lawyers insist that they deposited the amount into the account indicated by the STF.

X pays fine to the STF

The most recent step in the imbroglio occurred when X tried to pay a fine imposed by the Supreme Court of R$28.6 million. However, the company deposited the money in a Caixa Econômica Federal account instead of one at Banco do Brasil.

The scenario seems favorable for the adoption of crypto assets in Brazil, revealed a study by Mercado Bitcoin (MB). According to the exchange, the number of crypto users in the country could reach half of the population by 2030.

The conclusion is in the report “State of Digital Assets in Brazil”, which contains research compiled by Mercado Bitcoin. The study was presented at the Digital Assets Conference Brazil, an event that took place in São Paulo and was attended by the main names in the sector.

In a blog post on Tuesday, Binance announced the automatic conversion of several delisted tokens to USDC.

This action will be performed based on the average exchange rate of tokens to USDC during the conversion period.

What do Binance customers need to know?

After delisting 10 tokens from its catalog, Binance said in a message that it would automatically convert them to USDC, allowing holders to access their funds. Additionally, after the conversion, the exchange will credit the stablecoin equivalent of the affected tokens to users’ wallets by April 28, 2025. The tokens include:

Crypto scammers known for using wallet drainers are abandoning the Toncoin (TON) blockchain in search of new opportunities as the network is no longer conducive to their schemes.

Wallet drainers are malicious tools that allow exploiters to steal cryptocurrency. Scammers often lure investors into these traps using phishing links, tricking them into giving up access to their assets.

Scammers abandon Toncoin due to shortage of whales

Since early August, Litecoin (LTC) price has been in a state of consolidation, with movements limited within a narrow range. Thus, despite briefly breaking out of this range, LTC was quickly pulled back into the consolidation, indicating a weakening of the bullish momentum.

As a result, traders are becoming wary of a prolonged period of stagnation. However, the increase in LTC whale activity could signal an imminent shift in momentum, with these large holders looking to alter the course of Litecoin’s price action.

Ethereum creator Vitalik Buterin sold 10 billion units of the memecoin MOO DENG (MOODENG) and donated the proceeds to charity. As a result, the price of MOODENG increased by 300% following the sale.

Based on the current market price of $0.00018, the MOODENG memecoin tokens were sold by Buterin for around $1.8 million. The sale is part of a broader trend of charitable memecoin transactions in the second half of 2024.

Buterin sells MOODENG

On-chain data reveals that Ethereum creator Vitalik Buterin sold 10 billion units of the new meme coin MOODENG in six batches. Buterin explained this sale through a social media post. He therefore claimed that these coins were given to him by their creator.

Fantom (FTM) has seen a significant rally over the past 30 days, rising 68% and sparking speculation of a return to $1. However, despite this impressive performance, on-chain data suggests that a run towards this milestone is far from guaranteed.

The FTM price last hit $1 six months ago. In this analysis, BeInCrypto reveals the challenges ahead and what investors should watch out for.

Are Bitcoin Holders Holding Fantom Back?

On September 22, Fantom reached $0.71 after the formation of an inverted head and shoulders pattern helped validate the uptrend. However, the altcoin is trading at $0.69, indicating that the anticipated run to $1 has been contained.

The U.S. Marshals Service may proceed with the sale of the 69,370 Bitcoin (BTC) that the Department of Justice (DOJ) seized from the underground online marketplace Silk Road.

This comes after the Supreme Court rejected an appeal seeking to challenge the ownership of the seized assets.

US Marshals Service Receives Authorization to Sell Silk Road Bitcoin

On Monday, the Supreme Court decided not to hear Battle Born Investments’ appeal. This decision effectively upholds a 2022 ruling by the U.S. District Court for Northern California. At the time, the district court ordered the government to liquidate Bitcoin under existing laws.

The price of First Neiro on Ethereum has increased by 2,779% in the last 30 days. This development has prompted a whale who has already made $145 million profit from Shiba Inu (SHIB) to buy the new memecoin.

The crypto whale in question initially bet big on Neiro Ethereum (NEIROETH), but after holding it at a loss, liquidated into another NEIRO, which has been performing better. This analysis examines the significance of the whale’s position and everything else that is happening with the asset

Whale takes 55% loss on NEIROETH to make $2.67 million