💬 Tether plans to launch a new stablecoin pegged to the Uni | TopCryptoNews on Binance Square

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💬 Tether plans to launch a new stablecoin pegged to the United Arab Emirates dirham in partnership with Phoenix Group and Green Acorn Investments.

Tether says the dirham-pegged stablecoin will provide users with a more cost-effective and transparent way to access the currency.

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BlackRock called Bitcoin a "unique diversifier" in its report , which is far removed from factors such as government debt, currency depreciation, geopolitical upheavals and other factors that are typical for different countries. The paper focuses on the historical dynamics of the price, as well as the difficulties of forecasting it. The report also says that Bitcoin remains a risky asset: It is a new technology that is still in its early stages of adoption and has the potential to become a global payment asset and store of value. ➗ One of the largest companies that works with cryptocurrency and places a lot of emphasis on it in a positive way, thereby attracting the attention of investors so that people buy bitcoin. But they write a disclaimer that this is a risky asset. But it has great prospects, as it is a new technology and an excellent diversifier in terms of investments. And this will have a positive effect on the growth of Bitcoin and the entire cryptocurrency in general in the long term. #BTC #Bitcoin #BlackRock

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🚀 Cardano (ADA) Skyrockets 32,348% in Whale Netflows, What Next? Cardano (#ADA ) has recently witnessed an extraordinary surge in whale netflows, skyrocketing by an astonishing 32,348%. According to IntoTheBlock data, this week, Cardano has risen a whopping 32,848.01% in Large Holders Netflow, which provides an idea of the change in positions of whales. The positive surge in Cardano's whale netflows might suggest a substantial accumulation of ADA by these large players. In the last 24 hours, Cardano has seen a 40.39% rise in large transaction volume, a metric that denotes whale activity. The increase in whale activity accompanying a surge in net flows might be regarded as a positive indication. When whales accumulate large amounts of a cryptocurrency, it might indicate confidence in the asset's future performance, which can lead to increased buying pressure and potentially drive up the price of the cryptocurrency. However, it is important to bear in mind that while whale accumulation is a positive signal, it does not guarantee immediate price increases. Cryptocurrency prices can be influenced by a variety of factors, including broader economic conditions and overall market sentiment. 🔸 What's next for price? ADA began to rally on Tuesday, Sept. 17, and will mark the fifth day of gains if today closes in the green. At the time of writing, ADA was up 1.05% in the last 24 hours to $0.357. On the upside, a sustained break above the daily SMA 50 has largely constrained the ADA price since late March. ADA attempted to break through this key resistance on two counts in July and August respectively, but bulls' activity was halted. If this is achieved, ADA could rally to $0.40 and subsequently to $0.45. On the other hand, if ADA price turns down from current levels and breaks below the daily SMA 50, it might suggest that ADA might persist in range trading for a little while longer. In exciting news for the Cardano ecosystem, Cardano's Constitutional Committee Portal has launched on the mainnet.

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🦄 Uniswap Leads Ethereum Burn, Destroys 1,166 ETH in Seven Days In the past seven days, Uniswap ($UNI) has emerged as the top Ethereum burner among decentralized finance (DeFi) projects, according to Phoenix, a crypto media outlet. During this particular time, Uniswap burnt an outstanding 1,166 Ethereum, proving its vital role in the Ethereum ecosystem. 🔸 1Inch Commits to Ethereum Supply Reduction with 120.5 ETH Burn After Uniswap, 1Inch has now destroyed a total of 120.5 Ethereum. This program keeps emphasizing its commitment to lowering the Ethereum supply and bettering its platform by the fact that the cryptocurrency wallet Metamask has burned 91.6 Ethereum, which has played a role in reducing the Ethereum supply overall. On top of the earlier mentioned projects, 0xProtocol has consumed 85.8 Ethereum, and GnosisChain has burned 47.9 Ethereum. This action is part of a broader effort in the DeFi sector, since burning tokens can help oversee supply and potentially improve the value of the intact ones. KyberSwap and Pendle were next, having burned 25.6 Ethereum and 16 Ethereum individually. Aave made it onto the list after burning 15.9 Ethereum. Parapswap contributed 10.2 Ethereum to the total burn, and Tokenlon added 8.7 Ethereum to that total. 🔸 DeFi Projects Show Strong Commitment to Sustainability through ETH Burns The comprehensive burning of Ethereum is indicative of the ongoing pledge found within the DeFi community to both cut down on the token supply and support sustainability. The relevance of the impact on the Ethereum ecosystem due to token burning in projects is increasing over time. These burn events serve to reduce the Ethereum supply and to signal to the market the responsibility these projects have in maintaining their value. The adjusting context of DeFi is going to be compelling to track, particularly in light of how these burning initiatives put their influence over the broad cryptocurrency market and the trajectory of Ethereum moving ahead. #UNI #Uniswap

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🐸 PEPE Whale Buys $1.3M Despite Price Dip, Uptrend Ahead? Pepe (PEPE), a popular meme coin in the crypto world, dipped by roughly 3% in the last 24 hours despite a whale scooping up a massive 160.4 billion PEPE tokens, valued at $1.31 million. Big moves like this often cause price jumps, and investors may be hoping for the same soon. Data from Arkham Intelligence shows the whale wallet address “0x1bB…D5556” bought 160.4 billion PEPE at about $0.00000819 per token. As of now, PEPE is trading at $0.058109, with trading volume down 30.31% and market cap down 2.66%. It is important to note that this is not the first time this whale has tried its hand at trading PEPE. A month earlier, the same wallet bought PEPE at $0.00000802 but sold at $0.00000792, losing roughly $17,000. Coin Edition had confirmed earlier on PEPE chart to gradually be turning bullish with chances of a potential price surge. And by Thursday, the meme coin surged by more than 5% with a 3% increase again on Friday. 🔸 PEPE to Break into an Uptrend? PEPE might be headed for an uptrend soon, as technical indicators look promising. The TradingView daily chart below shows accumulation is on the rise again, suggesting growing investor interest. On the other hand, the Relative Strength Index (RSI) has a value of 55.33 which means that the buyers are in charge of the PEPE price action. However, the gradient of the line suggests that lower prices might be possible in the near future.

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🚀 Solana Price History: Why the $190 Level Is Crucial for SOL’s Next Move Recently, the top altcoins, such as Ethereum, BNB, and Solana, have demonstrated remarkable performance. Notably, Solana has shown a seven-day change of 7.5%. The performance of altcoins, especially Solana, has captured the attention of many. A cryptocurrency investor, identified as Altcoin Sherpa on X, has openly expressed his optimistic view about the future of Solana in his latest X post. If you are a Solana enthusiast, you won’t want to miss this! 🔸 What Experts Think About Solana Altcoin Sherpa’s post primarily expresses what he thinks about the future of Solana. From the way the post portrays the potential future of Solana, it is clear that the crypto expert is very confident about the future of this altcoin. The post highlights the exceptional retail experience Solana offers. Meanwhile, it is evident that he does not want his post to sound exaggerated, as the post mentions that he is uncertain if Solana will see significant buying activity. He concludes the post declaring that he holds the digital asset long-term – perhaps an indirect way to encourage people to consider this asset when they think about a long-term cryptocurrency investment. 💬 #SOL still looks ok to me; to be determined if it's going to be bid up heavily and lead. I think that it's still prob the best retail experience. I dont really trade SOL too much and just hold it — Altcoin Sherpa 🔸 Solana Price Momentum: A General Analysis At the start of the year, the Solana price was at $101.91. Between February 24 and March 17, the market experienced a sharp upward surge, lifting the price from under $99 to above $200. On April 1, a massive downtrend hit the market, pulling the price to a low of $126. Though between May 1 and May 20 and between July 5 and July 28, the market attempted to take the price as high as its yearly peak, it could not break the crucial level of $190 on both these occasions.

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