🚀 **Crypto News Flash: Layer-2 Blockchains Explained!** 🚀
🔹 **What is Layer-2?**
Layer-2 (L2) blockchains are built on top of Layer-1 (L1) to boost performance and scalability. They tackle high fees and slow transactions of L1, especially during peak usage.
🔹 **Key Differences:**
- **Layer-1:** Handles consensus and transaction settlements (e.g., Bitcoin, Ethereum).
- **Layer-2:** Enhances L1 with rollups, sidechains, and state channels for faster, cheaper transactions.
🔹 **Top Layer-2 Blockchains:**
1. **Polygon (POL)**
2. **Optimism (OP)**
3. **Arbitrum (ARB)**
🔹 **Benefits:**
- Scalability
- Lower transaction costs
- Faster transactions
🔹 **Challenges:**
- Security dependencies
- Complexity and adoption
- Interoperability issues
💬 **What do you think about Layer-2 solutions? Share your thoughts in the comments!**
South Korean prosecutors have presented compelling evidence indicating that Do Kwon and Daniel Shin, co-founders of Terraform Labs, may have orchestrated a scheme to deceive investors from the company's inception. This revelation casts a shadow over the integrity of the blockchain industry and raises significant concerns about regulatory oversight.
The allegations suggest premeditated fraud, potentially undermining investor confidence in the broader cryptocurrency market. As regulatory bodies worldwide scrutinize the sector more closely, this development could lead to stricter regulations and heightened skepticism, further dampening market sentiment.
Injective Eyes 54% Gains, Thanks to Upbit Boost
✨ Upbit's listing of $INJ boosted its price to $23.09, but it has since corrected to $21.28, down 7%.
✨ Technical indicators suggest bullish momentum may continue, with $INJ poised to retest $22.01 level.
✨ Rising open interest, now at $95.17M, signals increased market activity and possible further gains for $INJ.
(Don't forget to LIKE and FOLLOW for more updates)
$1 Million Bitcoin Surprise Epic Statement Made by Samson Mow.
Samson Mow, a vocal Bitcoin supporter and the chief executive officer at JAN3, which is focused on helping nation-states to adopt BTC, has made an epic Bitcoin Omega candle prediction, which he expects to push BTC above the $1 million level.
He shared an edited extract from the classic Matrix movie, featuring $1 million+ Bitcoin Omega candles.
"What if I'm right?" Bitcoin to $1 million: Mow
The clip from "The Matrix" shared by Mow shows the moment when Neo was about to leap over the gap between two skyscrapers, jumping from one roof and aiming to land on the other indicated by Morpheus. The team was watching this, and the youngest one, Mouse, kept repeating, "What if he makes it?"
Mow added a subtitle line, saying: "What if Samson Mow is right about $1 million?" The response, again added to the subtitles, said: "No way, $200,000 power law top." "I know, I know...but what if?!" Mouse says again.
Then Neo tells himself to free his mind
and goes for it. Instead of falling to
the paved ground in the jump
program, he flies to the sky and above
the city, as the end piece from the
movie was added there.
Mow tells German parliament about Bitcoin adoption.
On Thursday, Samson Mow visited Germany, where he, together with a pro-Bitcoin member of the Bundestag, conducted a meeting, where Mow talked about the benefits of BTC adoption for nation-states - something that his JAN3 firm is focused on.
One of the slides shared by Mow on X yesterday while preparing for this talk stated, in German and English: "Do not sell your Bitcoin."
The X account "Bitcoin im Bundestag" published a post to thank Mow for coming over and discussing the prospects of Bitcoin adoption in Germany with them: "Thank you Samson for coming to the German Parliament to share and discuss the current state and possibilities of #Bitcoin nation-state adoption."
🚨🚨 ALARMING: Trump Family’s WLFI Tokens Raise $12.51M, But Less Than 1% of Supply Sold – Is This a Red Flag for Investors? 🚨🚨
According to data from search.ichainfo.com, the Trump family’s World Liberty Financial (WLFI) project has raised $12.51 million through token sales. However, on-chain data paints a more cautious picture: less than 1% of the total supply has been purchased so far, leaving many investors wondering if this project will live up to its ambitious goals.
What Is World Liberty Financial?
The WLFI project aims to build a blockchain-based lending platform, incorporating a credit account system developed on Aave and Ethereum. The governance token, WLFI, is set to officially launch on October 15, 2024, with investors able to buy in using ETH, USDC, USDT, and WETH—but only after passing KYC verification.
On-Chain Activity Raises Concerns
Data from the 0xe217e15b3c19cc0427f9492dc3bcfe8220afad10 smart contract reveals that funds are being transferred to the 0x5be9a4959308a0d0c7bc0870e319314d8d957dbb address, which distributes WLFI tokens in real time. Investors can track these transactions live, but here’s where it gets interesting—despite the $12.51M raised, over 99% of WLFI tokens remain unsold, with top addresses controlling the tokens without purchasing them.
Fundraising Target & Valuation
WLFI aims to raise $300 million at a $1.5 billion valuation, selling 20% of its token supply at an initial price of $0.015. But the fact that the top 22 addresses hold most of the supply—without buying it—has raised red flags in the community, suggesting these tokens might be under team control.
Investor Caution
With the majority of the token supply still unsold and skepticism building around its structure, many investors are hesitant to dive in. Is WLFI poised to become a groundbreaking blockchain innovation, or is it just another overhyped project with a shaky foundation?
#MemeCoinTrending #GrayscaleConsiders35Cryptos #Write2Earn! #ETHETFsApproved #Megadrop
🚀 **Telegram's NFT Boom: A Gamer's Paradise!** 🎮
- **NFT Frenzy:** Telegram users are diving into Web3, with NFT activity skyrocketing by 400% in Q3 2024, says Helika.
- **Wallet Wonderland:** Unique wallets transferring NFTs daily jumped from under 200K in July to over 1M in September.
- **Game On:** Telegram gamers are not just creating wallets but actively buying, sending, and using NFTs.
- **Hamster Kombat Hype:** The viral game, with 300M users, plans to integrate NFTs in its Season 2 this November, teasing players with CEO simulations.
Stay tuned for more NFT adventures! 🚀
🚨 $DIA /USDT COLLAPSES AFTER A SHARP SPIKE – IS A REVERSAL NEAR? 🚨
The DIA/USDT pair is displaying high volatility, making waves with a 22.95% price surge. But beware! After hitting a 24-hour high of 1.2633 USDT, the price dramatically plummeted to 0.9484 USDT, now sitting at 0.9653 USDT.
💡 MARKET SUMMARY: The chart shows that after a failed rally to 1.1750 USDT, DIA has entered a heavy correction phase, finding short-term support at 0.9484 USDT. The momentum seems to be losing strength, with increasing volume suggesting panic sellers entering the market.
💡 CRITICAL Levels to Watch:
Resistance Zone: 1.0202 USDT – A recovery could see DIA test this level, but failing to break above could confirm more downside.
Key Support: 0.9484 USDT – This support is crucial. A break below could trigger a further drop.
⚠️ LONG-TERM OUTLOOK:
Short Signal: If the price fails to reclaim 1.0202 USDT and drops below 0.9484 USDT, expect a bearish breakdown toward 0.7750 USDT. Short positions targeting 0.8500 USDT with stops above 1.0202 USDT are recommended.
🚀 SHORT-TERM OUTLOOK:
Long Signal: A recovery toward 1.0202 USDT could ignite a mini-rally back to 1.1750 USDT. Go long on breakouts above 1.0202 USDT, with a target of 1.1750 USDT, and set a stop-loss at 0.9650 USDT for risk management.
Fantom (FTM) has experienced a notable downturn, losing 3.27% against the US Dollar in the last 24 hours. The cryptocurrency also underperformed against Bitcoin (BTC) and Ethereum (ETH), decreasing by 4.00% and 3.54%, respectively. Despite a 26.27% gain in the past month and a 311.31% increase over the past year, FTM is currently trading 18.74% below its predicted price for October 23, 2024. The market sentiment remains bullish with a Fear & Greed index reading of 73 (Greed), but the overall market conditions suggest caution as FTM trades below key moving averages, indicating potential bearish trends ahead.
Ethereum's Price Consolidation Won't End Soon Amid Mixed Market Signals
✨ Ethereum struggles under $2,800, stuck in a consolidation phase, unable to break key resistance levels.
✨ Optimistic sentiment shown by NUPL reduces chances of sell-off, but CMF signals increasing selling pressure.
✨ $ETH remains in a tight range; breaching $2,700 resistance is crucial for any significant upward momentum.
(Don't forget to LIKE and FOLLOW for more updates)
Arthur Hayes, Who Sold All His Altcoins Except One, Revealed His Bullish Scenario For Bitcoin!
Arthur Hayes, who recently announced that he sold all of his altcoin positions except one following the tension between Iran and Israel in the Middle East, explained the conditions for Bitcoin's rise.
BitMEX co-founder Arthur Hayes said that Bitcoin prices will rise if rising tensions in the Middle East push up oil and energy prices.
Hayes argued that if Iran enters into a direct conflict with Israel, particularly by targeting its large oil and gas fields, this could lead to a significant increase in oil prices and the BTC price could also increase.
"Oil and energy prices will skyrocket," said Hayes, continuing:
"Bitcoin is energy stored in digital form. What happens to the fiat price of Bitcoin if oil and energy prices go up? It will go up.
At this point, if energy prices go up, Bitcoin will be more valuable."
Hayes finally stated that even if Iran or Israel remove oil from the Middle East market, the Bitcoin blockchain will continue to function and its price will maintain its value against energy and will definitely rise in fiat terms.
Lumia (LUMIA): A Hidden Gem Ready to Explode
How to Easily Multiply Your Portfolio with This Token
In the bustling crypto market, where new projects emerge daily, it's easy to get lost in the noise. However, there's a hidden gem that's quietly gaining momentum, poised to deliver substantial returns. Introducing Lumia (LUMIA), a project that's redefining the possibilities of blockchain technology.
A Modest Token with Massive Potential
Lumia is not just another token; it's a carefully crafted ecosystem designed to revolutionize the way we interact with decentralized applications (dApps). With a focus on user-friendliness, security, and interoperability, Lumia is poised to become a cornerstone of the blockchain world.
Key Features of Lumia
Intuitive Interface: Lumia's user-friendly platform makes it accessible to everyone, regardless of technical expertise.
Unparalleled Security: Built on a robust security infrastructure, Lumia safeguards user data and funds, providing peace of mind in the volatile crypto market.
Interoperability: Lumia's ability to connect with various blockchains fosters collaboration and innovation, unlocking new possibilities for decentralized applications.
A Thriving Ecosystem: Beyond the token itself, Lumia offers a range of tools and features to enhance the user experience, from secure password management to seamless file storage.
The Bull Run is Here
As the crypto market continues to heat up, Lumia is positioned to experience a significant surge in value. With its unique combination of features and a growing community, Lumia is poised to become a top performer in the coming months.
Don't Miss Out
If you're looking to diversify your portfolio and capitalize on the potential of blockchain technology, Lumia is a project you can't afford to ignore. Invest in Lumia today and join the thousands of investors who are already benefiting from its growth.
#Lumia #Lumia #dyor #Orion #TrendingTopic $LUMIA @BuildOnLumia @Orionplay007 @EliteDaily
{spot}(LUMIAUSDT)
Tag along for insightful content and Trending assets!
🚀 Crypto Market Overview - October 18th, 2024 🌐
Popcat (SOL) leads the top gainers with +9.81%, followed closely by Dogecoin and Cat in a Dog's World. On the losing side, Maker drops -5.10%, with Injective and THORChain also seeing declines. 📉 The Fear & Greed Index is high at 73, reflecting a strong 'Greed' sentiment. 🟢
🔥 Trending projects include AI Companions, Klaus, and Bitcoin. In today's news, the SEC's Ripple appeal doesn’t challenge XRP’s non-security status, and the UAE is introducing a legal framework for DAOs. 🌍
Stay on top of the latest crypto market movements! 🚀
#CryptoNewss #MarketUpdate #Bitcoin #Altcoins👀🚀 #Blockchain
Just three hour ago, a long-time BTC holder cashed out 199 BTC for $13.55M. This trader originally withdrew 801 BTC ($8.25M) from HTX at $10,297 five years ago and has sold 500 BTC for $32.13M over the past month.
Currently, they hold 301 BTC, valued at $20.42M, with an overall profit of an impressive $44.28M!
Address:
1JA46eiDpfx589wawn5RvtEXgwc518QfhZ
#BTC $BTC
{future}(BTCUSDT)
{future}(BTCUSDT)