**đš Breaking Crypto News: Telegram CEO Arrested! đš**
- **Shocking Arrest**: Telegram founder Pavel Durov was arrested by French police on August 24, 2024, sparking major debates about user privacy and content control.
- **Charges**: Durov faces serious allegations, including terrorism, drug trafficking, and money laundering.
- **Telegram's Stance**: The company defends its policies, emphasizing compliance with EU laws and the Digital Services Act.
- **Global Impact**: The arrest has prompted discussions on tech regulation and free speech, with reactions from global figures like Elon Musk and Edward Snowden.
What are your thoughts on this unfolding drama? Share in the comments! đ
đ Bitcoin's Rollercoaster Week! đ
Bitcoin is wrapping up a challenging week, tumbling nearly 10% đ. But don't fret, BTC enthusiasts! Buyers are stepping up to halt this downtrend.
đ A closer look reveals a bearish wedge formation, causing prices to drop between Monday and Tuesday. Thankfully, resilient buyers held the line at the $58K support level, stabilizing the situation for now.
â ïž This weekend is crucial! BTC must stay above $58K to prevent sellers from pushing it down to the low $50K range, reminiscent of early August.
đ Despite the bearish weekly MACD, there's a silver lining: the histogram is making higher lows, hinting at a potential reversal. For a bullish turn, BTC needs to break and hold above $64K.
Currently, BTC stands at $59,420. Stay tuned! đ
Recent analysis of the Ethereum futures market reveals significant insights into its price movements. The Ethereum Funding Rates metric, which measures the aggressiveness of buyers versus sellers, has shown a consistent downward trend in recent months. This decline indicates a prevailing bearish sentiment, with minimal buying interest.
For Ethereum to recover and approach its all-time highs, there must be an increase in demand within the perpetual markets. If the current trend persists, further price declines are likely in the mid-term. However, the potential for market recovery remains, contingent on a shift in futures market sentiment.
Ethereum's recent price movements have been significantly influenced by the futures market, with the past few weeks underscoring this impact. Analyzing futures market sentiment provides valuable insights into potential price trends.
The Ethereum Funding Rates metric, which measures whether buyers or sellers are more aggressive in placing orders, is a key indicator. Positive values reflect bullish sentiment, while negative values indicate bearish outlooks.
Recently, funding rates have been trending downward, reaching their lowest levels. This consistent decline suggests a prevailing bearish sentiment and a lack of buying interest. For Ethereum to recover and approach its all-time highs, demand in the perpetual markets must increase. If the current trend persists, further price declines are likely in the mid-term.
đšâđš Itâs #DeFiRenaissance time!
With AI integrations, RWA adoption, a surge in LSD interest, Real Yield distribution, and game-changing catalysts on the horizon, DeFi is set to reaffirm its position as the ultimate frontier of whatâs possible on public blockchains. đ
At dForce, we're leading the charge with our Permissionless Liquidity Network. As pledged earlier this year, we're building a Unified Money Market, Omni Stablecoin Infrastructure, Yield Assets Standard, advancing RWA tokenization, AI-driven DeFi Automation, and Interoperable LSD Infrastructure. đ„
The future is DeFi, and itâs happening now! đâš
Ethereum is a decentralized, open-source blockchain system that features its own cryptocurrency, often referred to as the mother of all Altcoins.
The biggest ALTSEASON is about to begin, with the Double Curve pattern completing its correction. The $ETH roadmap to $4,900 - $6,977 is now unfolding.
#ETHđ„đ„đ„đ„ #CryptoMarketMoves #altseason2024 #Altcoinsđđ
OpenSea Fires Back at SEC But Overlooks Rippleâs Landmark Victory
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The legal battle of OpenSea with the SEC raises questions regarding the status of NFTs as securities, which may concern many artists and creators.
Responding to the SECâs action to regulate NFTs is likely to stifle the growth of digital art since its artists depend on these assets for their income.
OpenSea pledges to offer to spend $5 million to cover legal expenses for NFT creators and developers in response to support for their work.
OpenSea, the leading non-fungible token (NFT) marketplace, is gearing up for a legal battle with the U.S. Securities and Exchange Commission (SEC) as it receives the Wells notice.
This notification puts the SEC on the record regarding potential enforcement action, claiming that some of the NFTs listed on OpenSea might be securities. The marketplace questioned the SECâs decision and reasons, saying that this move seeks to lock out many creators and artists who depend on NFTs for their income.
This response from OpenSea sheds light on the possible detrimental effects on innovation and the future of many digital artists. The platform stressed that NFTs are distinct digital assets that reflect creative products such as art, collectibles, and items in games, which should not be classified as financial assets.
Many people in the community are concerned that categorizing NFTs as securities will hamper innovation and limit the economic benefits NFTs bring to artists worldwide.
The possibility of the SEC categorizing some NFTs as securities could bring significant implications. Unfortunately, most artists and developers who rely on NFTs to make a living may find themselves in legal situations for which they could be more suited.Â
#OpenSea #SEC #CryptoNews #TON #DOGSONBINANCE $BTC $ETH $BNB
Hereâs Why Popcat Rules the 7-Day Charts
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The seven-day chart wasnât exactly a catastrophe for major crypto assets Wednesday, but most top coins were in the red. That included a 3% slide for Bitcoin after a sudden drop in open interest for BTC futures among institutional crypto investors.
Meanwhile, Popcat showed special strength among meme coins. Most blue chip memes were down for the week, like Dogecoin (-6%), Pepe (-2%), and Bonk (-2%). But Popcat posted astounding 52% weekly gains by the middle of the day Chicago time Wednesday.
Among other ongoing support for Popcatâs price, such as its large market cap (above $600 million this week), high liquidity, and strong meme community, Binance recently offered a crypto derivatives product for the Solana cat meme coin. The exchange announced the new Popcat product a week ago on Thursday, Aug. 22.
For the filthy degenerate who doesnât find 52% weekly price gains on a meme coin exciting enough, Binance listed Popcat-USDT perpetual futures contracts with up to 75x leverage on its menu.
The company also listed futures contracts for Tronâs SUN tokens at the same time, helping the $300 million governance and utility token to fly up the charts by 91%, according to CoinMarketCap data.
Lookonchain spotted a whale-sized, $5 million purchase of Popcat using SOL tokens on Aug. 22. That probably chummed up the waters for the Popcat crowd.
Solana was the only top 10 crypto that was up for the week ending Wednesday. So that might have been why crypto markets rewarded one of its leading meme coins with massive gains.
Over the past year, enthusiasm for Solana and Ethereumâs competitorâs meme coins has been unstoppable. That was clear enough with the market-beating Bonk rally in Q4. Bonk is Solanaâs answer to Ethereumâs Shiba Inu.
#PopCat #CATS #DOGS #Memecoins #Solana $SOL $DOGS $BTC
Toncoin and Notcoin Ready for a Rally With Durovâs Bail?
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The broader market remains volatile, with the BTC price back under the $60K mark. Amid this, the volatility increases for the Toncoin and Notcoin with Parel Durovâs case. As Durov gets out by paying a bail amount of $5.56 Million, the altcoins are turning positive momentarily. Will this recovery reclaim the lost levels of last week?
Will TON Price Hold $5 Support?
Following the massive crash over the weekend, the TON price shows a bullish hold over the $5 support level. However, the bullish dominance at the 200-day EMA has been compromised resulting in a downtick in the 50-day EMA.Â
With the increased chances of a death cross, the EMAs give a SELL signal for the Toncoin. Further, with the bullish resurgence with the bearish exhaustion and Durovâs bail, the TON price is moving up, 7.80% in the last two days.Â
The TON price is trading at $5.53 with a Doji intraday candle despite a 98%% surge in trading volume. A bullish trend ahead can result in a price jump to the $6.11 mark if it exceeds the 200-day EMA in the short term. Â
NOT Price Bull Cycle Amid Volatile MarketÂ
With the bearish trend extension, the NOT price shows a falling wedge in the daily chart. The weekend correction for Notcoin aligns with the negative cycle within the pattern and tests the bottom support trendline.Â
Further, the MACD indicator shows an intense bearish trend while positive crossover chances are improving. The altcoin has increased by 7.10% in the past two days and is currently trading at $0.0090.
With a potential bull cycle ahead, the NOT price eyes the overhead trendline and the 50-day EMA. Further, approaching the bottleneck portion of the pattern, the TON price is ready for a decisive move and breaking the pattern.Â
#Toncoin #Notcoin #TON #NOT #Altcoins $NOT $TON $BTC
đ **LINE to Launch Mini dApps on Messaging App!** đ
Japanese messaging giant LINE is set to introduce mini-decentralized applications (mini dApps) on its app, in collaboration with the Kaia DLT Foundation. This initiative, known as Kaia Wave, aims to support Web3 developers by leveraging the Kaia blockchain, a merger of Lineâs Finschia and Kakaoâs Klaytn blockchains.
Key Points:
- Kaia Wave to incentivize developers to create mini dApps for LINEâs 250M+ users.
- Focus regions: Japan, Taiwan, Thailand, and Indonesia.
- Developers to use Kaiaâs NEXT WEB SDK.
đą What do you think about blockchain in messaging apps? Comment below! đŹ
Read more: NeurochainAI launches new platform for building AI dApps
Attention to Friday's PCE Reportđš
Markets are likely to be volatile around the release of the July PCE inflation report on Friday at 8:30 a.m. EDT. Analysts expect slight increases in both core and headline inflation, signaling continued progress toward the Fedâs 2% target.
**Expectations**
PCE Price Index: +0.2% (monthly), 2.6% (yearly)
Core PCE: +0.18% (monthly), 2.7% (yearly)
**Trader Insights**
Equities & Bonds: A soft inflation reading could boost stocks and bond prices, especially in rate-sensitive sectors like tech and real estate.
Currencies: Expect potential USD weakness if data supports a rate cut scenario.
Commodities: Gold and silver may rise on rate cut expectations.
**Strategy**
Prepare for volatility. Consider positioning in assets benefiting from a dovish Fed, but hedge against unexpected inflation spikes. Watch for Fed comments post-release for further clues on rate policy.
#PowellAtJacksonHole #CryptoMarketMoves
đ **Toncoin (TON) Rides Bullish Wave After Price Plunge!**
- **Surge Alert:** Toncoin (TON) has seen a 4.7% rise in the past 24 hours, now trading at $5.6. Its market cap hit $14 billion, surpassing Tron (TRX) to become the 9th largest cryptocurrency. đ
- **Volume Spike:** Daily trading volume skyrocketed by 99%, reaching $1.3 billion.
- **Whale Watch:** Whale transactions dropped from 2,100 to 864, indicating a cooldown in bearish momentum.
- **Retail Rise:** Retail addresses holding less than 0.1% of TON supply hit an all-time high, now holding 591 million coins.
- **Active Users:** Daily active addresses reached a record 2.23 million.
đŹ What are your thoughts on TON's bullish trend? Share in the comments!
đ Bitcoin's Rollercoaster Ride: Will It Reclaim $60K? đ
After yesterday's dramatic price crash, Bitcoin (BTC) dipped to a 9-day low but has since bounced back, though it remains below the $60,000 mark. Last Friday saw BTC soar from $60,000 to nearly $65,000, thanks to bullish news from the US, including the Fed's promise to lower interest rates and RFK's endorsement of Donald Trump.
However, the bears took control, dragging BTC down to $58,100. Despite a recovery attempt, BTC still hovers below $60,000. Its market cap is stalled at $1.175 trillion, with dominance slightly down to 53.6%.
Stay tuned, BTC enthusiasts! đ
đš Bitcoin Market Alert: Volatility Ahead đš$BTC đ‎ïžđȘ
[KEEP THE VOTESđ COMING IN](https://app.binance.com/uni-qr/cpro/Valorus123?l=en&r=387299788&uc=app_square_share_link&us=copylink)
{spot}(BTCUSDT)
The brief period of calm in the Bitcoin market is coming to an end, and increased volatility is expected to return. On-chain indicators and perpetual contracts have reached equilibrium, signaling a significant reduction in speculation.
đ Key Indicators:
1. *Slowdown in profit and loss realization*: Investors are no longer rapidly taking profits or cutting losses, indicating a decrease in market sentiment.
2. *Neutral funding rates*: Funding rates have returned to neutral levels, suggesting a balance between bullish and bearish sentiment.
đĄ Analyst Insights:
- These signs indicate a significant reduction in speculation, leading to increased volatility.
- The market is due for a shift, and investors should prepare for potential price swings.
đ What to Expect:
- Increased price volatility
- Potential trend reversals
- Shifts in market sentiment
Stay informed and adapt to the changing market landscape. The return of volatility presents opportunities and challenges for investors. Keep a close eye on market developments and adjust your strategies accordingly. đ
$BTC
I never said 44k is next . I said if we cant hold 51k, then 44k might be next. So donât panic. If you got through the whole summer, youâve handled the hardest part. For now, donât think the market will keep falling. It might make a big move up, surprising many traders. Choppy markets can be tough, so avoid using leverage and focus on spot trading. After mid-September, we might start reaching new highs.
{future}(BTCUSDT)
Introducing RichQuack: A Hyper-Deflationary Meme Token on Binance Smart Chain
RichQuack a Binance Smart Chain meme token, is hyper-deflationary. The cryptocurrency world has flocked to its "frictionless yield generation." incentive system. Investors may earn passive income by keeping the token in their wallets, making Rich Quack appealing to both experienced and novice crypto aficionados.
Why Is RichQuack Unique?
RichQuack's base model is hyper-deflationary. Hyper-deflationary tokens like RichQuack burn tokens to diminish its supply, unlike standard cryptocurrencies. This scarcity is meant to boost the remaining tokens' value for long-term holders. Each transaction incurs a 10% charge, with 5% redistributed to holders and 5% burnt or added to the liquidity pool. This method reduces supply and generates liquidity, stabilizing trade.
Frictionless Yield GenerationâHow?
The token smart contract generates passive income via frictionless yield production. RichQuack rewards holders with tokens in their wallets for transactions. This transfer occurs automatically without staking or user involvement, making it a simple method to develop an investment. Investors seeking a simple, low-maintenance method to earn tokens would like this option.
Communities and Futures
RichQuack also appeals to its community. An engaged community of investors and developers drives the project's growth. Rich Quack holders feel a feeling of community and purpose via social media and community gatherings.
RichQuack plans to provide useful features and collaborations to its ecosystem. RichQuack aims to be more than simply another meme token with its unique rewards system and strong community emphasis.
#BNBChainMemecoins #DOGSONBINANCE #RichQUACKđ€
đ DOGS MEMECOIN JUMPS 23% AS MARKET CAP HITS $789M!
The DOGS memecoin has surged 23% in just 24 hours, pushing its market cap to an impressive $789 million.
[Click here to vote for me](https://app.binance.com/uni-qr/cpro/Samina_khan?l=en&r=252877207&uc=app_square_share_link&us=copylink)
Currently trading at $0.001511, DOGS has seen a massive spike in trading volume, up 92% to $2.05 billion.
This surge in activity is driven by its official launch announcement and listings on major exchanges like Binance and OKX.
Despite a slight 5% drop over the past week, investor confidence remains strong, with significant liquidations indicating intense market activity.
The crypto community is watching closely as DOGS continues to gain momentum.
#TON #DOGSONBINANCE #BNBChainMemecoins #PowellAtJacksonHole #TelegramCEO