**Crypto News Flash: Plus Token Ether on the Move, Filipino 'Crypto King' Arrested, and Upbit Sparks Bank-Run Fears**
**Plus Token Ether Moves**
- Around $16 million in Ether linked to the Plus Token scam has started moving to exchanges, signaling a potential sell-off.
- The infamous Ponzi scheme, which defrauded investors of billions, saw Chinese authorities seize 833,083 ETH.
- Recent analysis shows 15,700 ETH moved this week, with 7,000 ETH entering exchanges, raising concerns about further sell pressure.
**Filipino 'Crypto King' Arrested**
- Filipino police arrested 23-year-old Joshua, accused of defrauding investors out of $10.5 million.
- Known as Vance Joshua Tamayo, he promised high returns but later cut off communications with investors.
- Authorities plan to file a large-scale fraud case to prevent him from posting bail again.
**Upbit Sparks Bank-Run Fears**
- Upbit's dominance in South Korea's crypto market has raised concerns about a potential bank run at K-Bank, its banking partner.
- Lawmaker Lee Kang-il warned that disruptions in Upbit's services could trigger a bank run, affecting K-Bank's $3 billion in customer deposits.
- The Financial Services Commission is under scrutiny for its role in this potential risk, with ongoing efforts to enhance regulations.
$ALGO Algorand ALGO the native cryptocurrency of the Algorand blockchain. Algorand is a proof-of-stake (PoS) blockchain platform designed to enable fast, scalable, and secure transactions. It's known for its focus on solving the blockchain trilemma: achieving a balance between decentralization, scalability, and security.
Algorand aims to provide a high-performance blockchain without compromising on decentralization, unlike some traditional blockchains that may sacrifice one of these aspects. ALGO tokens are used to pay transaction fees, participate in staking to secure the network and as a reward for validators.
, such as recent performance, developments, or something else related to ALGO?
$AKRO Akropolis, a decentralized finance DeFi platform focused on creating decentralized savings and lending products. Akropolis allows users to create and manage decentralized autonomous organizations (DAOs) for savings, investment, and other financial activities. The platform also enables yield farming, staking, and liquidity pooling.
The native token, AKRO, is used for governance within the Akropolis ecosystem, staking, and incentivizing liquidity provision. The token plays a critical role in securing the network and facilitating decision-making processes on platform upgrades or other governance proposals.
๐ฏHe obtenido 29.92 Tokens #SCR Gratis en Launchpool
๐ Scroll ($SCR ) es una soluciรณn de capa 2 para Ethereum que estรก captando mucha atenciรณn, especialmente con su prรณximo lanzamiento en Binance.
โ๏ธAquรญ te explico lo esencial:
๐ยฟQuiรฉnes son los inversores?
Scroll ha sido respaldado por grandes nombres como Polychain Capital y Variant, que invirtieron 80 millones de dรณlares en el proyecto. Este nivel de apoyo suele ser una seรฑal de confianza en la tecnologรญa y el equipo detrรกs de Scroll.
โจ๏ธยฟCรณmo estรก mejorando Ethereum?
Scroll utiliza tecnologรญa avanzada de "pruebas de conocimiento cero" (ZKP), que permite procesar transacciones fuera de la cadena principal de Ethereum. Esto reduce las tarifas de gas๏ปฟ y mejora la velocidad de transacciones, lo que hace que Ethereum sea mรกs eficiente y accesible para los usuarios.
๐ธ๏ธยฟQuรฉ proyectos estรก apoyando Scroll?
En Binance, Scroll ya estรก trabajando con mรกs de 63 proyectos que estรกn desarrollando en su red. Estos proyectos varรญan desde soluciones DeFi (finanzas descentralizadas) hasta herramientas para mejorar la escalabilidad de otras blockchains, aprovechando la tecnologรญa de Scroll para mejorar la experiencia del usuario.
Scroll promete ser una pieza clave en el ecosistema de Ethereum, haciendo que sea mรกs rรกpido, barato y escalable. ยกNo pierdas de vista su lanzamiento en Binance!
#Bitcoin! #scroll #Launchpool #scrtoken
{spot}(SCRUSDT)
Conflux (CFX) has experienced a significant downturn, losing 4.46% against the US Dollar in the last 24 hours. This decline is more pronounced when compared to the overall cryptocurrency market, which saw a 2.02% drop in the same period. CFX also underperformed against Bitcoin, recording a 3.82% loss.
Despite a recent 19.87% gain over the past month and a 45.10% increase over the past year, the current market sentiment remains neutral with a Fear & Greed index reading of 39 (Fear). Key support levels are identified at $0.167492, $0.161172, and $0.150796, while resistance levels are at $0.184188, $0.194563, and $0.200883.
Technical indicators are mixed, with 15 signaling bullish and 13 indicating bearish forecasts. The Relative Strength Index (RSI) is neutral at 51.46, and the 50-day Simple Moving Average (SMA) suggests a bearish trend as CFX trades below this line. The 200-day SMA, however, shows a bullish long-term trend.
In conclusion, while short-term predictions suggest a potential 29.76% rise, the overall market sentiment and technical indicators paint a cautious picture. Investors should be wary of the high volatility and unpredictable nature of the cryptocurrency market.
$AAVE finance DEFi protocol built on the Ethereum blockchain that allows users to lend and borrow cryptocurrencies. Aave stands out for its use of "flash loans"โthe first uncollateralized loan option in DeFi. Its native token, AAVE, is used for governance, staking, and can be staked to provide security for the protocol and earn rewards.
AAVE, like its current market trends,
Ripple (XRP) critical preparation: The countdown for the rally has begun!
Ripple (XRP) has given the green light to the bull season with developments regarding exchange-traded funds (ETFs).
Bitcoin and Ethereum opened the door to crypto ETFs this year, building on applications made in 2023. The Ripple community emphasized XRP's importance in the sector and its clear regulatory status, stating that it deserves to be the next crypto asset ETF.
This possibility may become a reality with the latest developments in the market. In an article published on X on Wednesday, researcher Anderson touched on several points supporting the view that the market is preparing for XRP ETFs.
Anderson first stated that Grayscale's decision to open an XRP Trust in September was a strategic move regarding the XRP ETF. The Ripple community is eagerly awaiting Grayscale's official ETF move, a leading asset manager. Meanwhile, other major crypto asset managers have taken official steps to list an XRP ETF. Bitwise filed its application with the US SEC on October 2.
Bloomberg financial analyst Eric Balchunas believes that Bitwiseโs bold move regarding the $XRP ETF is unlikely to be approved under the current SEC chairmanโs administration. Therefore, the analyst believes that Donald Trump will play a more critical role in the US presidential election.
However, asset manager Canary Capital has joined Bitwise in the ETF race. It filed a filing with the SEC on October 8. Notably, the initiative is Canaryโs first foray into digital assets and is being led by Steven McClurg, who cited strong investor demand for alternatives to Bitcoin and Ethereum as the driving force behind the initiative.
#KIP #KIPprotocol #SolvProtocol #ReeCoin
๐จโฌ๏ธ BITCOIN UPDATE
The RSI is approaching the neutral area near 50, while the MACD remains negative but is positioned above its signal line. For upward movement, the MACD must break above the zero level. Currently, the price is trading above the 20-period moving average (59,999) but remains below the 50-period moving average (60,511).
In an alternative scenario, if the price drops below 59,540, expect levels around 58,630 and 58,090 to be tested.
Bitcoin may rise between 1,105 and 1,645 USD.
Key levels to watch:
โข Resistance: 62,440
โข Resistance: 61,900
โข Resistance: 61,360
โข Last price: 60,255
โข Pivot: 59,540
โข Support: 59,540
โข Support: 58,630
โข Support: 58,090
Remarks: I remain neutral at this time. Avoid trading, but if necessary, consider opening positions in the spot market while steering clear of futures trading.
#EmperorMajesty #BTC60KResistance #USRateCutExpected #USCoreCPIUp #UniswapUnichain $BTC $ETH $SOL
{spot}(SOLUSDT)
{spot}(ETHUSDT)
{spot}(BTCUSDT)
โ
ย Markets are falling today when the price of Bitcoin fell below $58,000, but near the end of the day recovering slightly above $60k, the bulls are still in trouble ๐คฌ
Daily Digest:
๐ธย FBI launched NexFundAI token as bait to bait crypto market manipulators
๐ธย Bitget announced that it will update the listing standards, including evaluating ethical risks
๐ธย SEC Chair said he thinks it's unlikely that Bitcoinย will ever be widely used as a form of payment ๐ค
๐ธย The FSC of South Korea has announced that it will investigate the market monopoly structure of Upbit
๐ธย Justin Sun is elected Prime Minister of Liberland micronation
๐ธย SEC sues Cumberland DRW for unregistered crypto dealer activities โ๏ธ
๐ธย Uniswap DEX announced their own L2 Ethereum rollup, Unichain
Two Key Periods for Altseason ๐ฅ
1. October to December 2024
2. First Half of 2025
Why These Periods?
Several strong factors support the potential for an altseason during these time frames:
1. Historical Statistics
2. Bullish Fundamental Indicators
3. Favorable Chart Patterns
4. High Bitcoin Dominance
5. Strength in the Stock Market
The final quarter of 2024 is particularly promising for altcoins. Historically, when Bitcoin reaches or hovers near its all-time high (ATH) or consolidates sideways, it creates an optimal environment for altcoins to rally.
The alternative period to watch is the first half of 2025. During this time, as capital flows from Bitcoin, altcoins may experience a surge, potentially reaching or surpassing their ATHs.
Do You Agree?
With these indicators in mind, we have solid reasons to anticipate a strong altseason within these specific time frames.
However, There's Another Scenario to Consider...
What if altcoins remain stagnant at their lows? Is this a possibility? Absolutely.
There are several risks that could hinder an altseason:
1. Geopolitical Conflicts and Wars
2. Regulatory Hurdles
3. Fraud and Scams
4. Economic or Financial Crises
5. Market Manipulation by Large Players
What Lies Ahead?
Itโs difficult to predict which factors will dominate in the future. But despite potential market downturns and risks, I remain bullish. To me, the case for an altseason is compelling, which is why I've committed my investments to it.
This is My Plan A. Whatโs Yours?
--- @CryptoPM
$BTC $ETH $BNB
#moonbix #BTC60KResistance #USRateCutExpected #SCRLaunchpoolStarts! #USCoreCPIUp
What if Satoshi Nakamoto is just an ordinary guy? ๐ค
Imagine Satoshi, the mysterious creator of Bitcoin, is sitting in his messy garage, wearing sweatpants, eating ramen ๐, and trying to guess the password to his own 1.1 million BTC wallet ๐ป. Heโs typing things like โBitcoin123โ and โSatoshiRocksโ while the rest of the world is out there spinning crazy theories ๐ธ about him being an alien ๐ฝ or a secret agent ๐ต๏ธ. But really, heโs just thinking, "I just wanted a fun little side project!" ๐
Who else thinks Satoshi is probably laughing at us all? ๐
#WeAllAreSatoshi #BTCโ #Debate2024 #TelegramCEO #LowestCPI2021
๐จ The main thing for today:
๐ #BTC Mt.Gox extends compensation payment deadline by one year.
๐บ๐ธ US (crypto #ETF):
โข US inflation falls for 6 months in a row to 2.4% (but higher than expected) #ะผะฐะบัะพ.
โข SEC sues Cumberland (they have no plans to change their business operations).
โข Gensler: Cryptocurrencies are unlikely to become widely used means of payment and will most likely be seen as a store of value #BTC.
โข SEC commissioner admits regulatorโs attitude toward cryptocurrency โis a disaster for the entire industry.โ
๐จ๐ณ Chinaโs Central Bank to provide ~$71 billion in liquidity to institutions to buy stocks.
๐ฐ๐ท South Korea to consider lifting the ban on spot crypto #ETF.
Meanwhile, the local regulator is investigating Upbitโs structure for monopoly.
๐ฆ๐ช OKX receives full license in UAE.
๐ฃ Santiment: Gotbitโs removal could create a healthier trading environment, increasing confidence in crypto markets, and the crowdโs backlash could drive the market higher.
๐ฅณ #UNI Uniswap launched L2 network - Unichain ๐.
๐ธ #ATH Aethir launches $100M Ecosystem Fund ๐.
๐ฝ #AAVE Aave DAO can receive 20% of protocol fees from World Liberty Finance on Aave v3, as well as 7% of the total #WLFI supply ๐.
๐ World Liberty Finance plans to raise $300 million in #WLFI presale, will sell 20% of the offering.
๐ฅณ DWF has completed the branding of a stablecoin called Falcon Finance (#USDf and #USDwf).
๐ฅณ #XRP Ripple launches Ripple Custody, will counter-appeal in case against SEC.
๐ Coinbase International to add futures for #BIGTIME ๐.
๐โโ #BNB CZ to participate in Binance Blockchain Week at the end of October.
๐ฎ #OAS Ubisoft to launch crypto game โChampions Tacticsโ on Oasys Blockchain.
๐ฑ #TRX #SUN Unrecognized country Liberland elects Justin Sun as new prime minister.
๐น๐ญ Thailandโs SEC proposes new rules that will allow mutual funds and private equity funds to invest in digital assets.
$BTC $ETH $BNB
{future}(BNBUSDT)
{future}(ETHUSDT)
{future}(BTCUSDT)
To celebrate my recent wins I am giving away $5,000 to 5 of my followers! ๐ธ
To enter: Follow, share. will dm lucky man.
I made many of my followers rich this month, I called $WIF, $NEIRO and #MOODENG before they did more than a 100x, my next call is
@Momoji_Solana
I just put 10 SOL into their presale and Iโm convinced this will be one of my best trades yet.
If youโre interested in joining the $MOMOJI presale too, you can do so by simply sending minimum 0.5 $SOL to:
HcvnFYBK1ieUeBRfQCkr6YccGMZ8cz1e86CxKGpXMDhG
This project only launched a couple days ago so we are still super early, massive opportunity here.
This is my #1 conviction play atm!
Iโll tell you why Iโm extremely bullish on this.
First of all, itโs a $PEPE derivative. Anyone whoโs been trading memecoins knows they can perform extremely well, especially if thereโs a strong team behind it with good art and marketing.
$MOMOJI has all of that, you are literally looking at a 100M+ mc memecoin which HASNโT even launched yet.. thatโs the craziest part about it. If you get into $MOMOJI now, you will start with huge profits immediately at the launch.
Their presale opened a couple days ago and they already raised 100+ SOL, which just proves how strong their marketing team is.
Smart people will frontrun the rest by getting into this NOW. Thatโs how you make real money in crypto, seeing potential in something before others do.
Take it from me, I have made millions off crypto over the last few months and provided life changing profits for many of my followers with my calls.
Donโt fade this opportunity, trust me. You will regret it. ๐ค
Breaking News: A massive 13.7 million USDT has been frozen this morning!
At 4:51 AM Beijing time, an address holding 13.7 million USDT (approximately $13,704,795) was frozen, capturing immediate market attention.
The freezing of such a significant amount of assets has raised concerns and fueled speculation among investors. While the reason behind the freeze remains unclear, it may be related to compliance checks or security concerns.
This unexpected event could greatly influence market sentiment, so it's essential for investors to stay vigilant and monitor any further updates closely. In the ever-changing crypto market, staying informed is key.
#BinanceLaunchpoolSCR #moonbix #WeAreAllSatoshi #U.S.UnemploymentNewLow
**News Flash: Trading Firm Settles with SEC Over AI Fraud Claims**
A trading firm, Rimar Capital LLC, and its affiliates have settled charges with the SEC for allegedly misleading investors about their AI capabilities. The SEC accused Rimar Capital, its CEO Itai Liptz, and board member Clifford Boro of using AI "buzzwords" to raise nearly $4 million, despite having no actual trading platform.
Key Points:
- Rimar Capital and its executives paid a $310,000 civil penalty.
- They raised $3.73 million by falsely claiming to have an AI-driven trading platform.
- The firm misrepresented its assets and client performance.
- Liptz misappropriated funds for personal use.
- The settlement includes disgorgement, prejudgment interest, and industry bans.
The SEC remains vigilant against "AI washing" in the investment space.