_đâïžâïžChina's Bitcoin Mining Dominance Defies Crypto Ban đ_
$BTC $ETH $SHIB đ‎ïžđȘ
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Despite a nationwide ban on cryptocurrency trading and mining since 2021, China continues to dominate the global Bitcoin mining landscape, controlling 55% of the hashrate đ€Ż.
_Global Hashrate Distribution:_
- China: 55% đšđł
- US: 40% đșđž
- Rest of the world: 5% đ
_Why China Remains on Top:_
- Support for smaller Asian miners
- Decentralized nature of Bitcoin allows circumvention of restrictions
- Existing infrastructure and expertise
_Industry Insights:_
- "China's dominance is a testament to its mining infrastructure and expertise."
- "US mining pools focus on institutional miners, while China supports smaller players."
_Crypto Regulations in China:_
- Anti-Money Laundering (AML) regulations to cover crypto transactions by 2025
- Industry leaders call for reevaluation of digital asset policies
_Key Statistics:_
- Bitcoin Miner Revenue (August 2024): $827.56M đž
- Annual Volume of Crypto Transactions in China: $86B đ
_Outlook:_
- China's crypto stance may evolve with regulatory updates.
- Global mining landscape to shift as other countries invest in infrastructure.
_Conclusion:_
China's Bitcoin mining dominance is a remarkable phenomenon, considering the country's crypto ban. As regulations evolve, the industry will likely see changes in the global hashrate distribution.
âĄïž News Flash - 23 Sep 2024 !
1ïžâŁ Celestia Foundation Secures $100 Million in Funding Round Led by Bain Capital Crypto
Celestia Foundation raised $100 million to support its modular blockchain network, which helps other blockchains scale by offloading data. It plans to scale to 1-gigabyte blocks.
2ïžâŁ Telegram to Share User Data with Authorities Following CEO's Arrest in Crime Crackdown
Telegram will now share user details with authorities if rules are violated, following CEO Pavel Durov's arrest. The platform also updated its terms to block searches for illegal content.
3ïžâŁ $80 Million Crypto Fund Backed by Bill Ackman Shuts Down After Forbes 30 Under 30 Founder Disappears in China
David Gan, founder of Inception Capital (formerly OP Crypto), faced a crisis after his father's investigation caused a month-long disappearance. The firm is now in a controlled wind-down, planning to unveil a new investment strategy in October amid staff cuts and uncertainty about its remaining capital.
4ïžâŁ OpenSea Users Assert NFTs Are Securities in Proposed Class Action Lawsuit
Two users have filed a class-action lawsuit against OpenSea, claiming it sells unregistered securities. They argue that the NFTs they bought, including from the Bored Ape Yacht Club, are worthless due to their illegal nature, citing a recent SEC Wells notice as evidence.
5ïžâŁ Bittensor's TAO Sparks AI Token Rally with 56% Surge Amid Market Recovery
The GMAI index, tracking top AI tokens, surged over 30% last week, while the GM30 index rose 9.8%. Bittensor's TAO token jumped 56%, with FET and RENDER increasing by 20% and 14%, respectively.
#CATIonBinance #BinanceLaunchpoolHMSTR #FOMC #BTCReboundsAfterFOMC #NeiroOnBinance
_âïžđšâ»ïžCrypto ETFs Soar: $321M Inflows Signal Market Optimism đ_$TRX $LINA $BNB đ‎ïžđȘ
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Crypto ETFs have extended their winning streak, attracting $321 million in net inflows đ. This marks the second consecutive week of inflows, driven by the Federal Reserve's 50bps interest rate cut đ.
_Inflow Breakdown:_
- Bitcoin ETFs: $284M đ°
- Solana-based funds: $3.2M đ„ (thanks to Solana Breakpoint conference announcements)
- Ethereum ETFs: -$29M â ïž (fifth straight week of outflows)
_Geographic Inflows:_
- US: $277M đșđž (highest inflows)
- Switzerland: $63M đšđ (second-largest weekly inflow)
- Germany, Sweden, and Canada: outflows â
_Market Impact:_
- Total AUM: $9.5B đž (up 9%)
- Trading volumes: +9% đ
- Market sentiment: boosted by rate cut đ
_Expert Insights:_
- "Rate cut sparks optimism, but caution remains due to macroeconomic uncertainty."
- "Institutional investors increasingly embracing crypto ETFs."
_Outlook:_
- Continued inflows expected if market sentiment remains positive.
- Regulatory clarity and adoption to drive growth.
_Conclusion:_
Crypto ETFs' momentum is undeniable, but investors must remain vigilant. As the market evolves, stay informed and adapt to changing trends.
#CryptoETFs #Marketupdate #InvestmentScams #CryptocurrencyCulture #FinanceVentures #TradingMadeEasy
The expected breakout in Floki (FLOKI) has arrived: It could shake the market!
Floki (FLOKI), which is closely followed by Turkish crypto investors, has finally broken the downtrend.
Floki, one of the popular names of dog coins, has broken the downtrend that started on July 22. Memecoin, which has been pricing downwards for two months, seems to have made a good breakout and tested the trend line. If we also consider that Bitcoin is above $63,000, Floki's rise may continue.
The popular altcoin, which has swept a period, is winking at the bull with its technical structure. Floki, which has ridden a two-month downtrend, may see a bull again with the strengthening of the memecoin craze. However, which memecoins will come to the fore in this process will be critical. For example, the recent cat memecoin craze has almost sucked the liquidity in this area. The parity will target higher levels as the memecoin craze turns to dog projects.
Memecoin, which is trading at $0.00013093 at the time of writing, may test $0.00024558 - 0.00026711 - 0.00031351 and $0.00034861 respectively if it breaks $0.00017391. The performance of ETH, BTC and the memecoin market will be decisive in this process. In a negative scenario, $FLOKI may experience declines to $0.00011073 and $0.00009591.
Although it seems difficult for the popular memecoin to experience bullishness again at the moment, the technical structure indicates an upward movement. In any process where the downward trend is underway, selling pressure may show itself. In addition to these, the news flow regarding the parity will affect the price.
#KIP #KIPprotocol #CryptoDeNostradame #MOGUL #Mogulproductions
đšđš$131M Profit: How One Investor Turned $151M into $214M by Simply Holding $ETH đšđš
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A savvy cryptocurrency investor turned a $151.42 million investment in Ether (ETH) into $214.34 million over two years, netting a profit of $131.7 million by holding through a bear market. The investor, identified by blockchain analytics firm Lookonchain, purchased 96,639 ETH from Coinbase in September 2022, when ETH was priced around $1,567.
Despite market volatility, the investor employed the "hodl" strategy, holding onto their investment as ETH prices fluctuated. In March 2024, they transferred 70,000 ETH to Kraken, cashing out at $3,062 per ETH for a total of $214.34 million. They still hold 26,639 ETH, valued at $68.81 million today.
This story highlights the power of patience and the "buy-the-dip" mindset in crypto, where long-term holding can yield significant returns. The investor's decision to hold through uncertainty proved to be a winning strategy.
#BinanceLaunchpoolHMSTR #CATIonBinance #BTCReboundsAfterFOMC #FOMC #NeiroOnBinance
Total Crypto Market Surpasses $2.04 Trillion, Bitcoin Dominates
The total value of the cryptocurrency market has exceeded $2.04 trillion, with Bitcoin holding a 56.8% share. Bitcoinâs price remains steady around $63,398, reflecting strong market resilience. This comes despite economic uncertainties, and Bitcoin continues to attract investor interest as a key driver of the market.
CZ to Be Released from Prison, Retains Control Over Binance
Changpeng Zhao (CZ), the founder of Binance, is set to be released from prison this weekend. Despite his legal troubles, CZ will continue to hold influence over Binance as a shareholder and board member. However, the exchange remains embroiled in legal challenges, including a class-action lawsuit related to stolen digital assets. CZâs next moves are highly anticipated within the crypto community.
**Bitcoin Market Analysis: MVRV Trends and Potential Bullish Signals**
Recent on-chain data analysis reveals that the MVRV (Market Value to Realized Value) ratio, a critical indicator of Bitcoin's market trends, has shown deviations from historical patterns. Traditionally, the 1-year and 4-year averages of MVRV have acted as significant resistance or support levels.
In March, our evaluation highlighted potential short-term tops and emphasized the importance of risk management. Subsequent analyses in July, August, and September suggested a possible trend reversal, although the anticipated short-term correction was milder than expected.
Currently, MVRV has dipped below both the 1-year and 4-year averages after a brief overheating period. Despite a promising market recovery, the MVRV ratio indicates that Bitcoin remains undervalued relative to the past year. For a sustained bullish momentum, MVRV needs to rise above the 1-year average, potentially triggering a new bullish phase.
Bitcoin's MVRV Trends Indicate Potential Market Shift
Recent analysis of Bitcoin's MVRV (Market Value to Realized Value) ratio reveals significant insights into the cryptocurrency's market trends. Historically, the 4-year and 1-year averages of MVRV have acted as critical resistance or support levels.
In March, on-chain data suggested potential short-term tops and highlighted the importance of risk management. Subsequent evaluations in July, August, and September indicated a prolonged consolidation period, with MVRV dipping below both the 1-year and 4-year averages.
Despite a promising market recovery, MVRV remains below the 1-year average, signaling undervaluation. For a bullish momentum to resume, MVRV must surpass this average, potentially triggering a new upward phase.
đ đŽđđđđđđđđ đŽđđđ đŸđđđđ đšđđđđ đ©đđđđđđ đłđđđđđđ đ
Binance just turned up the heat by listing three new memecoins: Baby Doge Coin, Neiro, and Turbo! This move has sparked excitement across the crypto community, with Baby Doge Coin skyrocketing by an impressive 38% and Turbo rising by 4.5%.
đ° Key Points:
- Baby Doge Coin surged 38%, trading at $0.00000000167.
- Turbo saw a 4.5% increase, while Neiro initially dropped but quickly rebounded with high volatility.
- Spot trading began at 10:00 UTC, offering new opportunities for traders to cash in on these assets.
These coins carry Binanceâs Seed Tag, signaling high risk and volatility. Traders, be prepared for a wild ride!
This listing highlights Binanceâs continuous effort to dominate the memecoin market, as these tokens are now paired with USDT for easy trading.
#CATIonBinance #BTCReboundsAfterFOMC #moonbix #TerraformLabsBankruptcy #TrumpFirstBTCUse
Blum Set to Launch on Binance: A Major Milestone for the Crypto Community! đšđš
đ Anticipation is Building! The Blum airdrop is creating a lot of excitement, with the community buzzing about the upcoming event. Blum is preparing to reward both new and existing users, attracting a large number of participants. Over 20 million users are already connected via TON wallets, and everyone is eager to learn the eligibility criteria for these potential rewards.
đ
Save the Date â 25th September! Blum will be listed on Binance, the largest exchange globally. This is a major step for Blum, offering it exposure to millions of traders and investors. The listing is expected to boost Blum's visibility and could lead to significant growth.
đč Price Predictions? Currently trading at $0.02 in pre-market, experts predict Blum could reach $0.05 by mid-2025. For Nigerian traders, this means around 82.91 Naira per Blum, showing the potential for both local and international markets.
đč Daily Blum Codes for Extra Rewards! Blum isnât just about the airdrop. Their daily video codes offer an engaging way to earn more, keeping the community excited and involved. These codes are quickly becoming a standout feature in the crypto space.
đ Looking Ahead With a strong community, increasing attention, and a Binance listing on the horizon, Blumâs future looks promising. Investors and enthusiasts are eagerly awaiting more details on whatâs next for this token.
#BinanceLaunchpool #BlumToken #CryptoNews #BinanceSquareFamily
$SOL $SOL $SOL
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**SOL/USDT Technical Analysis: Strong Support and Bullish Potential**
**Current Price**: **$144.22** (+0.86%)
**Key Points**:
- **Bollinger Bands**: SOL is trading near the middle of the bands, showing it's in a consolidation phase. If SOL breaks above the upper band, it might signal a bullish trend.
- **RSI**: The RSI (6) is at **48.98**, showing a neutral market. SOL isn't overbought or oversold, leaving room for movement in either direction.
- **MACD**: The MACD is slightly negative, meaning momentum is still somewhat bearish, but there's a chance of a reversal if buyers step in.
**Support Levels**:
- **First Support**: **$141.12** â It's important for SOL to stay above this level to avoid further drops.
- **Second Support**: **$138.65** â A stronger support where buyers are expected to step in.
- **Third Support**: **$134.65** â If SOL drops below the first two supports, this level might be tested, but only if there's heavy selling.
**Fundamental Overview**:
1. **Market Strength**: SOL is still strong in the Layer 1 space, with high trading volume and steady developer activity, which shows adoption of the Solana network.
2. **Recent Performance**: The recent dip may offer a good buying opportunity, with optimism driven by network growth and more DeFi projects on Solana.
**Next Move**: SOL needs to stay above **$141.12** for bullish momentum to continue. If it breaks above **$148.11**, it could rally to **$152.50**. If support fails, it may fall to **$138.65**.#Write2Earn! #solonapumping #Write2Earn! #Solana_Blockchain #Write2Earn!
đđ¶đđ°đŒđ¶đ»'đ đđđčđčđ¶đđ” đđ¶đđđŒđżđ đ„đČđœđČđźđđ: đźđŹđźđ± đđŒđđčđ± đđČ đđ”đČ đĄđČđ
đ đđ¶đŽ đŠđđżđŽđČ đđ
Bitcoin is currently on the cusp of a potential breakout as September draws to a close. Historically, Bitcoin tends to consolidate in September but typically sees stronger upward momentum in October. Analysts are closely watching as Bitcoin may enter a bullish phase once it breaks out of its current re-accumulation range. This pattern is similar to previous cycles, where Bitcoin showed significant gains following a halving event.
đ đđđđ: đđŠđ©đšđ°đđ«đąđ§đ đđĄđ đđđŠđ đđđšđ§đšđŠđČ!
đđĄ 1. Unique Features & Use Cases:
DODOâs innovative one-click token issuance simplifies the launch of Meme coins! Alongside Pegged Pool and self-initiated mining, DODO is bringing flexibility and ease to token creators.
đ 2. Driving Meme Sector Growth:
As the Meme sector explodes, DODOâs multi-chain platform and one-click token issuance are set to fuel an influx of traffic. With such a smooth user experience, itâs only a matter of time before the surge becomes unstoppable!
đ„ 3. Supporting BTCFi & Meme Coins:
DODOâs suite of features like Pegged Pool and self-mining not only empower Meme tokens but also support the growth of decentralized BTCFi assets, expanding the possibilities for the entire market.
đ 4. Lower Market Cap, Higher Potential:
Despite its relatively low market cap, DODOâs backing from top institutions positions it as a strong contender for significant growth. The question isnât if DODO will break out, but when!#DODOEmpowersMemeIssuance #DODOtokens #DODOXUSDT #BTCReboundsAfterFOMC #BTCHistory
**Mango Markets Faces $500K Fine to Settle CFTC Allegations**
Mango Markets, a Solana-based decentralized exchange, is on the brink of paying $500,000 to settle allegations from the Commodity Futures Trading Commission (CFTC). The CFTC claims Mango Markets failed to register as a commodities exchange, offered illegal services to U.S. customers, and lacked sufficient KYC measures.
A proposal from Mango Marketsâ legal team suggests the payment to avoid litigation. The DAO members have shown strong support, with 123,475,000 votes in favor and none against.
This follows a recent $670,000 settlement with the SEC over unregistered securities. The exchange has faced scrutiny since a $110 million exploit in October 2022.
đ What is Yescoin?
Yescoin is a Telegram-based blockchain game where players swipe on their phones to collect coins and earn points. These points can be converted into cryptocurrency once the project is complete. Unlike typical tap-to-earn games, Yescoin is more skill-based, inspired by the classic game Fruit Ninja, requiring users to swipe and catch coins as they fall. The goal is to engage users through its dynamic design and promote blockchain technology, particularly using the TON blockchain.
đŻ What Makes Yescoin Unique?
Yescoin offers a more interactive experience than most Telegram games. Players must use speed, strategy, and hand-eye coordination to succeed. The game also encourages social interaction through quests and community events, adding a competitive edge with a global scoreboard and group missions. Yescoinâs ultimate aim is to bring more people into the world of blockchain through an engaging, accessible platform.
đ° The Future YES Token
Yescoin is gearing up to launch its own cryptocurrency, tentatively named YES, on the TON blockchain. Players will eventually be able to convert their Yescoin points into this cryptocurrency. While tokenomics and airdrop details are still under wraps, the promise of a future token has fueled Yescoin's rapid growth.
đ Rapid Success
Since its launch in May 2024, Yescoin has attracted over 18 million users worldwide, making it one of the most-played crypto games on Telegram. Its popularity can be credited to a strong marketing campaign, word-of-mouth referrals, and its partnership with TON blockchain, which has supported the project online.
Yescoinâs roadmap includes user acquisition via influencer partnerships and themed events like the Summer Carnival. The team is also focusing on tech upgrades to ensure smooth and secure gameplay for its growing user base.
#Yescoin #BlockchainGame #PlayToEarn #CryptoGaming #Airdrop
âĄïž Altcoin Bull Run: How to Profit from the Next Big Crypto Rally
Are you an Altcoin enthusiast? What we are going to share will leave you excited. The Altcoin market is about to experience a bullish season soon. Really? Yes! A popular crypto analyst, identified as Mikybull Crypto on X, has published a post supporting the popular assumption that a new Altseason is not too far. Curious to know more?
đž Why Is Altseason About to Begin?
The core of the post published by Mikybull is the prediction that the Altcoin market is about to witness a bullish season. What is the rationale behind this prediction? Mikybull prediction isnât just some random claim without any supporting evidence. It does have a strong rationale: the altcoin market has broken through a key technical resistance.
Looking at the chart shared by Mikybull along with his X post, it is evident that the expertâs observation is not baseless. The chart shows that the Altcoin market has broken the downtrend trendline resistance. Generally, when a market breaks this trendline, it is regarded as a strong signal for upward momentum. Considering this fact, it makes sense to expect a new Altseason.
đŹ A new wave of #Altseason is about to kick in as it broke out of the downtrend trendline resistance - Mikybull
đž Altcoin Market Analysis
Analyzing the Crypto Total Market Cap Excluding Top 10 chart, the market cap stands at $213.535B. At the start of the month, it was around $190.399B. On September 6, it fell to a monthly low of $174.958B. Since September 7, the market has been steadily gaining strength. On September 13, it reached a peak of $200.471B. Later, it slightly slipped to a low of $189.607B. However, on September 17, the bullish momentum regained strength and started to push the market back upwards. The altcoin market right now looks bullish.
In conclusion, it is possible that the Altcoin market will embrace a strong bullish momentum in the near future, not only because experts like Mikybull have shared a bullish view, but also because this outlook has the backing of data.
#Altcoin
_đâïžđšHelium's Future Looks Bright: $11 Price Target in Sight? đ_
$HBAR $HOOK $INJ đ‎ïžđȘ
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By WORLD UPPER CRYPTO đ
Helium (HNT) is gearing up for a potential price surge, with traders and analysts eyeing an $11 target đ. Currently trading within an ascending triangle, Helium's price movement indicates a breakout to new highs.
_Technical Indicators Flash Bullish Signals đĄ_
- Relative Strength Index (RSI): 64.5, indicating a strong uptrend.
- Chaikin Money Flow (CMF): 0.23, suggesting active accumulation.
_Trader Behavior Holds the Key đ_
Trader sentiment and behavior will significantly impact Helium's price movement. A continued bullish trend relies on:
- Increasing investor interest.
- Expanding adoption.
- Positive market sentiment.
_Partnerships and Adoption: A Catalyst for Growth đ€_
Helium's recent partnership with Telefonica to expand its mobile network into Mexico could drive adoption and price growth.
_Market Trends: A Factor to Watch đ_
Interest rates and the wider macroeconomic environment may impact investor interest in Helium.
_Price Predictions: What to Expect? đ€_
- Short-Term: Potential high of $9.20 by end of 2024.
- Long-Term: Predicted to reach $143.63 by 2030, with significant growth expected in 2026-2029.
_Conclusion: Stay Tuned for Liftoff? đ_
Helium's future looks promising, but trader behavior and market trends will ultimately determine its success. Keep a close eye on HNT's price movement and stay informed.
Stay updated on the latest developments:
Follow Helium: @Helium
Follow WORLD UPPER CRYPTO: @WORLD_UPPER_CRYPTO
Join the conversation: #Helium #HNT #Cryptocurrency #PricePrediction đ
$BTC UPDATE
Remains in a downtrend but there are improvements. It's broken above $60K resistance and out of Symmetrical Triangle pattern and could revisit $72K. However, there's another resistance near: 200-day moving average ~$64K That's where price got rejected on the last upswing.
Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Celestia Foundation announced that it has completed a $100 million financing, led by Bain Capital Crypto, with participation from Syncracy Capital, 1kx, Robot Ventures, Placeholder, etc. Celestia Mainnet Beta launched in October 2023, and developers have deployed the first 20 rollup chains.