Drop Protocol raises $4M in a Seed funding round
#DropProtocol secures $4M in a Seed funding round led by CoinFund, with participation from CMS Holdings, Anagram, Interop Ventures, Cosmostation, Bitscale Capital, Chorus One, Breed VC and others.
Drop is a liquid staking protocol for Interchain assets, built on Neutron. It uses IBC, ICTX and ICQ modules to offer trust-minimized liquid staking and scale with minimal overhead and risk.
👉 x.com/dropdotmoney/status/1846927516986233100
**News Flash: DeFi's Spooky Season! 🧛♂️**
- **Vampire Attack Alert!** No, not the Halloween kind! In DeFi, a vampire attack is when one protocol lures users from a rival by offering juicier rewards.
- **SushiSwap vs. Uniswap:** Remember 2020? SushiSwap drained Uniswap’s liquidity by offering better incentives. It was like Dracula at a blood bank!
- **How It Works:** New platforms entice liquidity providers (LPs) with higher-yielding tokens, causing a "drain" on the original platform.
- **Impact:** Victim platforms lose liquidity and competitiveness, while attackers enjoy a short-term boost but face sustainability issues.
Stay vigilant, DeFi fans!
**News Flash: DeFi's Vampire Attack Explained**
With Halloween around the corner, let's dive into a different kind of "vampire attack"—one in the world of decentralized finance (DeFi). This tactic involves a new protocol luring users from a competing platform by offering better incentives, effectively draining liquidity from the original platform.
A famous example is SushiSwap's 2020 attack on Uniswap. SushiSwap offered higher rewards, enticing liquidity providers (LPs) to switch platforms, boosting its growth while impacting Uniswap.
These attacks can cause liquidity loss and reduced competitiveness for the victim, while the attacker enjoys an initial surge in liquidity. However, sustainability remains a challenge for the attacking platform.
To defend against such attacks, DeFi platforms can offer better incentives, engage their communities, and introduce innovative features. Ethical considerations also play a role, as these aggressive tactics can undermine trust within the DeFi ecosystem.
Immutable X (IMX) has shown a mixed performance in recent trading sessions, with a 3.49% increase against the US Dollar and gains against both BTC and ETH. Despite these short-term gains, the coin remains 21.75% below its predicted price for October 23, 2024. Over the past month, IMX has risen by 12.95%, but the medium-term trend remains bearish with a 4.72% decline over the last three months.
The market sentiment for IMX is currently neutral, with the Fear & Greed index indicating greed at 73. While some technical indicators suggest a bullish outlook, the overall market conditions and historical volatility raise concerns. Investors should exercise caution, as the cryptocurrency market remains highly unpredictable.
**🚨 Crypto News Flash: Jump Trading in Hot Water Over DIO Token Collapse! 🚨**
Jump Trading, a major player in crypto trading, faces a lawsuit from Fracture Labs, creators of the game Decimated. The accusation? A "pump and dump" scheme involving the DIO token.
**Key Points:**
- Fracture Labs claims Jump Trading inflated DIO's price, then sold off, causing a crash.
- The lawsuit alleges fraud, breach of contract, and more.
- This case could lead to tighter regulations on market makers.
What do you think? Share your thoughts in the comments! 💬
#CryptoNews #Blockchain #MarketTrends
🚀 **Crypto News Flash!** 🚀
- **Gold & Bitcoin Surge**: Gold hits a record $2,700/oz, up 2.08% in a week, driven by safe-haven demand and interest rate cuts. Bitcoin follows suit, climbing 11% to touch $68,375.
- **Market Trends**: Charles Edwards notes Bitcoin trends often lag behind gold by months, hinting at promising future gains.
- **Innovative Trading**: Swarm Market partners with OrdinalsBot to trade physical gold on Bitcoin’s blockchain, merging digital and tangible assets.
💬 **What’s your take on Bitcoin vs. Gold? Comment below!**
My approach to cryptocurrency trading is rooted in simplicity and practicality. Over the span of a single year, I scaled my trades into an eight-figure portfolio. I only engage with the market when a clear opportunity presents itself, and I refuse to make impulsive moves. My precision-driven method has allowed me to maintain a winning rate above 90% for the past five years, while enjoying more free time for personal pursuits like fitness and relaxation. Starting with 60,000 yuan, I built a fortune of 12 million yuan, faced losses that put me 9 million yuan in debt, but ultimately turned it all around, achieving financial freedom with a 25 million yuan portfolio.
Here’s the core of my trading strategy:
1. Fast Rises and Slow Declines: When prices surge rapidly but decline slowly, this suggests that the major market players (market makers or whales) are accumulating coins in preparation for the next bullish movement.
2. Rapid Declines and Slow Rises: Conversely, when prices drop quickly but rise slowly, this indicates that large holders are gradually offloading their positions. The quick downturn followed by a sluggish recovery suggests a forthcoming bearish trend.
3. Avoid Selling at Peak Levels Prematurely: If trading volume is absent or shrinking at the top, it signals that upward momentum is waning—time to exit. However, if there's significant volume at the peak, the market may push higher. Pay close attention to volume patterns.
4. Don’t Rush to Buy at the Bottom: A price floor without consistent volume may be part of a downward continuation, so patience is key.
5. Crypto Trading Is Emotion-Driven: Price movements are governed by market sentiment, and the consensus among investors is reflected in the trading volume. Emotions and collective psychology drive coin prices, making it essential to watch volume as a gauge of consensus.
By adhering to these principles, I’ve successfully navigated both rapid gains and downturns in the market, allowing me to achieve a consistent level of wealth and freedom.
Artificial Superintelligence Alliance (FET)
With a 12.6% return this year, the Artificial Superintelligence Alliance is one of the top AI tokens to watch out for. With most tokens being unlocked and in circulation, the available liquidity hardly impacts the current market trend.
Nevertheless, hence despite the all-out liquidity, the bullish trend in the FET token is gaining momentum. With a short-term support trendline driving a bullish trend and increasing the bullish influence, the AI token is ready for a massive surge.
The 50-day and 200-day EMA is ready for a bullish crossover along with the MACD and signal lines. In the short-term trend, the AI token reveals a falling channel breakout rally following an ascending triangle pattern.
Ready for a bullish reversal within the triangle pattern, the Fibonacci levels paint the breakout rally target at 78.60% Fibonacci level at $2.67. Meanwhile, the optimistic target at 1.618 Fibonacci level stands near the $5 psychological mark. $FET
{spot}(FETUSDT)
Worldcoin (WLD)
Worldcoin, the brainchild of OpenAI CEO Sam Altman, is an exciting AI token. With a 58.4% yearly growth, the WLD token has a market cap of $1.2 billion.
Currently, the AI token is trading at $2.17 with a rounding bottom reversal in the daily chart. The decline of the rounding bottom pattern coincides with the 38.20% Fibonacci level near the $3 psychological mark.
Furthermore, the AI token shows a falling channel breakout rally gaining momentum. As it sustains above the 50-day EMA, a bullish breakout of the 200-day EMA will increase the possibility of a trend reversal.
Based on the Fibonacci levels and the pinnacle of the falling channel pattern, the meme coin has the potential to reach the $11.97 mark.$WLD
{spot}(WLDUSDT)
🚨Market update on PEPE🚀
$PEPE continues to consolidate within the range of $0.0000075-$0.000012. We're waiting to see in which direction it will break out, but I'm anticipating an upward breakout, especially with $BTC showing bullish momentum.
However, here’s what happened with the other hot cryptocurrencies below👇
$NOT show modest gains of +3.60%
#BNB holds at $596.7, with a slight gain of +0.56%, maintaining a steady consolidation phase.
#ETH follows a similar trend, up +0.65% at $2,627.26, reflecting slow but steady growth in a cautious market environment.
#NEIRO however, has dropped -1.53%, potentially signaling bearish sentiment or profit-taking after a previous rally.
Other notable performer is #SOL , showing modest gains of +0.92%
These assets show a mix of bullish momentum and retracement phases worth watching closely.
From a fish to a whale in one year 🙌
I came across an interesting address, which once again confirmed the fact that big money can be made in crypto with small amounts.
On August 12, 2023, an unknown user purchased the TRUMP memecoin for $95. At the time, the token was virtually unknown, and few could have predicted the future hype surrounding Trump-related coins. However, it seems this guy had an inkling…
Since its purchase, the asset has made more than 32,000 x! Its initial investment of $95 has turned into ~$2 million, and at its peak it was $6 million!
The most interesting thing is that until today he did not fix it at all, but only continued to hold the coin without changes. A couple of hours ago he finally decided to fix at least some profit, selling some of the coins for $40,000. The rest of the volume ($2 million) continues to be held. Apparently he is waiting for the US elections and Trump's victory, which will push the coin rate even higher. I think that after the elections he will finally leave the coin and fly happily to the Maldives :)
#trumpcoin #TrumpInPump #TrumpInCrypto #USRetailSalesBoost #MemeCoinTrending
**News Flash: Tor Network Faces Scrutiny After German Crackdown**
New theories have surfaced on how German authorities unmasked the admin of a darknet site in 2021, revealing a potential flaw in Tor’s privacy network. Speculations suggest timing analysis and compromised servers were used to trace the IP of “Andres G,” linked to the “Boystown” site.
Tor admits uncertainty about the exact method but suspects an outdated chat app, Ricochet, was involved. Despite recent upgrades to Tor’s defenses, experts warn that complete anonymity is challenging. Timing analysis remains a threat, especially with nation-states' resources.
Tor continues to enhance its network, urging users to contribute to its decentralization for better security.
🚀 **BNB Chain: The Next Memecoin Hotspot?** 🚀
DWF Labs' latest report suggests that BNB Chain might soon become the new hub for memecoin activity, following the trends seen on Solana and Tron. With a robust user base and liquidity, BNB Chain is poised for growth in the consumer and retail sectors.
Key Highlights:
- BNB Chain holds the second-largest market cap after Ethereum, with a TVL of $6.1 billion.
- Leading BNB memecoin launchpads—GraFun, Four.meme, and Flap.sh—use a bonding curve model for liquidity deployment.
- GraFun stands out with the highest user engagement, lowest fees, and top performance metrics.
Join the conversation! What do you think about BNB Chain's potential? Drop your thoughts in the comments below! 💬