Changpeng Zhao, the founder and former CEO of Binance, the world's largest cryptocurrency exchange, released a statement following his recent sentencing to four months in prison. In his message, Zhao expressed gratitude for the support and interest shown, noting that the crypto industry has now transitioned into a new phase. He thanked everyone who reached out through letters, messages, or other means, emphasizing the importance of their encouragement. Zhao affirmed his commitment to completing his sentence, transitioning to the next phase of his life focusing on education, while remaining a passive investor in the crypto space. He highlighted the significance of industry-wide compatibility and expressed optimism about Binance's resilience during recent scrutiny, reassuring users that their funds are secure.
Shiba Inu (SHIB) has seen a remarkable surge of 921.31% in token burns over the past day, with around 45.16 million tokens destroyed. This uptick in burning signals increased investor confidence and a concerted effort to reduce SHIB's circulating supply, which could drive its value higher.
Despite this record-breaking burn rate, SHIB's price has recently declined noticeably. Experts attribute this drop to a slowdown in buying activity from both retail and institutional investors. As uncertainty looms over the market, SHIB's Chaikin Money Flow (CMF) remains negative, indicating a lack of demand for the altcoin.
Adding to the challenge, approximately 21% of SHIB holders currently engaging in transactions are realizing profits, suggesting many may be inclined to sell their tokens in anticipation of further market downturns. This potential sell-off could worsen the decline in SHIB's price.
Meanwhile, SHIB's Shibarium Layer-2 network is gearing up for a May 2 upgrade, which could stabilize and potentially strengthen the token's price. However, for the time being, the market is fraught with uncertainty, with investors adopting a cautious stance as they await developments. #Fed#Megadrop#BinanceLaunchpool#NFP#freesignals
In 2022, Justin Bieber acquired NFTs valued at $2 million, but they've since depreciated to just over $100,000, marking a 94.7% loss, as reported by Arkham Intelligence. Initially, $2.34 million in Ethereum was transferred to the singer's wallet, with $1.86 million used to buy two Bored Ape Yacht Club (BAYC) and a pair of Mutant Ape Yacht Club (MAYC) tokens. The portfolio also includes tokens from collections like World of Women, Doodles, Otherdeed, and Metacard. Since then, asset values have dropped by 89.7% to 97.4%. The wallet currently retains one BAYC and one MAYC, totaling $47,300. NFT trading volumes on Ethereum have drastically decreased since 2022, with weekly volumes dropping from a peak of $510 million in April to $40-60 million, according to The Block. Minimum prices for collection tokens have also seen significant declines. BAYC's minimum price increased to 81.5 ETH in January 2023 but has since fallen to 13.5 ETH, while MAYC's values decreased from ~18.4 ETH to 2.3 ETH. Meanwhile, Ethereum quotes rose from $2400-2600 to $3150 during this period.
Why is Binance consistently regarded as secure? Despite a notable incident in 2020 where the CEO was removed and withdrawals halted for two months, Binance remains resilient. Despite scrutiny over potential misuse of user funds, no conclusive evidence was found. Even during mass withdrawals, Binance maintained its withdrawal service. Criticism against CZ, the CEO, appears more as an excuse. While some believe other platforms could surpass Binance, many are simply scams. In the volatile crypto landscape, Binance stands as a reliable option, unlike smaller platforms prone to disappearing in bear markets. #Megadrop#BinanceLaunchpool#bitcoinhalving#Token2049#freesignals
Transfer of 100 million XRP sparks speculation on Ripple: Could a significant sell-off be imminent? The movement of these tokens, valued at around $53,477,708, occurred today at 04:06 AM (UTC), raising questions about Ripple's involvement amid market volatility and recent comments by the company's CTO regarding transparency. The unknown addresses of both the sender and receiver add to the mystery, with some suggesting a potential link to Ripple, though unconfirmed.
If anyone recalls TRB, it's worth a look. This coin hit $629 in January but has since fluctuated between $90 and $150. It took a hit in the recent market crash, now sitting at $64. However, it's showing signs of recovery, and I predict it could double in value within a month. If you're well-invested, consider this coin. Stay blessed and happy trading! $TRB
Telos Coin You all need to keep an eye on Telos Coin. It was branded on Token2049 event everywhere right now it’s few cent but it has the potential to gain 100 or 1000X profit. The way it’s was branded everywhere on the event you need to keep an eye on it. It’s a good investment. #bitcoinhalving#Megadrop#Token2049#freesignals#freesignal
Shiba Inu's layer-2 solution, Shibarium, faced an outage, as reported by developer Kaal Dhairya on X social media. Dhairya attributed the issue to networking problems among validators. Although the network is operational again, Shibariumscam and external RPCs may still be affected. Dhairya urged external teams to contact him about the incident. Despite its rocky start, Shibarium has seen success, with over 400 million transactions and nearly 1.7 million wallets. However, transaction volumes dipped on April 21. Meanwhile, Shiba Inu's price surged, along with other meme coins like Solana-based Bonk (BONK). #shib#BONKBreakdown#Memeoins#crypto #btc
BTC/USDT Before making new high to go above and beyond can first go to 40k but if it break 40k than might see it go to 28k and than bullish Run so be careful the sharks are ready to take your money. #bitcoinhalving#Megadrop#Token2049#BullorBear#Memecoins