**Crypto Flash: ICO Era Projects Struggle to Stay Relevant**
Many high-profile projects from the ICO boom are now facing challenges. Here's a quick rundown:
- **EOS**: Raised $4.2B in 2018 but lost focus. Recently revamped with a new token model. Market cap: $770M, trading at $0.52.
- **TON**: Initially blocked by the SEC, it re-emerged as "The Open Network." Active and reborn.
- **Tezos**: Raised $232M but faced internal conflicts and legal issues. Still active with a market cap of $698M.
- **Filecoin**: Continues to offer decentralized storage. Market cap: $2.2B, trading at $3.90.
- **Dragon Coin**: Tied to criminal activities, now defunct.
- **HDAC**: Faded away, presumed dead.
- **Sirin Labs**: Failed blockchain phone project, now dead.
- **Bancor**: Still operational with a decentralized exchange. Market cap: $63M.
- **Bankera**: Struggling but active with a market cap of $700K.
- **Polkadot**: Thriving with increasing daily active addresses. Market cap: $6.5B.
Stay tuned for more updates!
William H. Orrick, a federal court judge in the United States, dismissed Kraken's motion. The judge ruled that the SEC reasonably argued that certain cryptocurrency transactions on Kraken constituted investment contracts and, as a result, were considered securities, making them subject to securities laws.
Making Limit Orders Great Again!
Jupiter Limit Orders supports any token on Solana, allowing users to create a limit order between any 2 tokens on Solana (other than those with transfer fees).
This also comes with a much smoother UX on order creation, and much more granularity when creating orders compared to regular tick-based orderbooks.
However, in recent times the combination of congestion and an exponential number of tokens on Solana, has led to a slowdown of limit orders filling for users.
Expect to see improvements roll out over the next few weeks, spearheaded by @anyhauu and team.
Hear from him directly below on our plans to improve LO.
$SUN Is Up 350% â Does It Still Make Sense To Enter?
SUN is one of the tokens which profited massively from the Tron hype. It pumped ~350% in the last seven days.
In case you don't know:
SUN is the native token of the SUN ecosystem â the biggest platform for swap, yield farming, and self-governance on the TRON chain.
Additionally, they introduced Sun Pump â the first meme fair launch platform on Tron. Sun Pump was one (or THE) driver behind the latest Tron hype.
Here's the cool part: The more memes, the more protocol revenue, and the more SUN supply gets burnedâa powerful flywheel.
Should You Buy SUN Now?
Buying a token that has just increased 350% always feels like buying the top. Therefore, I wouldn't invest all my money at this level.
On the other hand, it looks like we're just at the beginning of the Tron hype. Accordingly, SUN can go much higher in the mid-term.
Considering the above, the best approach is DCAing on dips. For example, if you want to invest $1,000, you buy $50 each time it dips x% (e.g., 5%). By doing so, you can reduce the risk of both buying the top and missing the train.
đ If you want to know more about the Tron hype, read my [latest article](https://www.binance.com/en/square/post/12526316130658).
đ And if you liked this post, make sure to vote for me --> @ben__crypto23
$TRX #TRONâ
#suncoin
đ Bitcoin Mid-Term Trading Signal Analysis đ
[Please Visit my profile and Vote đłïž to w](https://app.binance.com/uni-qr/cpro/drsyfii?l=en&r=473836227&uc=app_square_share_link&us=copylink)in
đ Current Pattern:
âBitcoin is currently showing cup and handle formation, a bullish continuation pattern.
âIt has broken out of a descending broadening wedge, which also suggests a potential for further upward movement.
đ Key Levels:
âBuy Zone (Golden Buy Opportunity): Around $54,804.8, indicating a strong demand zone. This level should act as solid support.
âBuy Side Liquidity Zone: Near $67,500. This zone offers a potential entry point for those looking to accumulate.
đ Risk Management:
âSell Side Liquidity Zone: This is identified below the buy zone, so any downside risk could see a retracement to around $44,804.6.
đŻ Price Targets:
1ïžâŁTarget 1: $73,881.4 (External Supply Level) - First profit-taking zone.
2ïžâŁTarget 2: $74,140.8 - Long-term bullish target.
3ïžâŁTarget 3: $114,500.9 (Proposed sell-off zone) - Potential full extension target for longer-term traders.
đ Suggested Strategy:
âEntry: Consider accumulating near the $67,500 liquidity zone or the $54,800 demand zone if a retracement occurs.
âStop Loss: Set a tight stop loss near $48,800 to manage risk below the major demand area.
âTake Profit: Take profits incrementally at $73,881.4 and $74,140.8 to secure gains, while holding for the final extension to $114,500 for more aggressive traders.
đ Conclusion:
âWith a bullish accumulation phase in progress and the potential for further upside in the medium term, this trade setup suggests strong bullish momentum. However, risk management around liquidity zones and key levels is essential to avoid losses in the event of market volatility.
Disclaimers: DYOR and NFA
đ·please share your comment and thought about this analysis
$BTC
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#MtGoxRepayments #BinanceLaunchpoolDOGS #PowellAtJacksonHole #CryptoMarketMoves #BinanceBlockchainWeek
đKraken vs. SEC: Ripple's Legal Chief Weighs In đš$ETH $XRP $ADA đ‎ïžđȘ
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Ripple's legal chief, Stuart Alderoty, has thrown support behind Kraken in its ongoing battle with the SEC đ€. The case centers around the classification of certain tokens as securities đ.
Key Points đ:
- _Lack of Direct Relationship_ đ«: Kraken argues that the SEC fails to establish a direct link between token issuers and buyers, a crucial element in defining a security.
- _Challenging SEC's Classification_ đš: Ripple's legal chief asserts that tokens like ALGO, ADA, and MATIC should not be considered securities.
- _Howey Test_ đ: Kraken's motion to dismiss cites the Howey Test, which requires an "investment contract" between buyers and issuers.
- _SEC's Weak Case_ đ€: Alderoty claims the SEC's complaint lacks substance, relying on registration-based arguments rather than fraud or consumer harm claims.
Potential Impact đ:
- _Regulatory Landscape_ đ: The outcome of this case could significantly influence the broader regulatory environment for digital assets.
- _Token Classification_ đ: A win for Kraken could challenge the SEC's authority to classify tokens as securities.
The battle between Kraken and the SEC continues, with Ripple's legal chief adding fuel to the fire đ„. The outcome will have far-reaching implications for the crypto industry đ.
Conclusion: Jerome Powellâs latest speech offers crucial insights that could heavily influence the crypto market, particularly for assets like $BTC , $BNB , #Cardano , #Solana_Blockchain , $WLD LD MATIC, and DATA. As the Fed signals a potential shift in monetary policy, these cryptocurrencies might experience significant price movements, offering both opportunities and risks as we approach the September 18 FOMC meeting.
#PowellAtJacksonHole #CryptoMarketMoves
đłđŹ @Algorand_NG is getting ready for a busy week!
The Impact team, @mattkeller1, @doroungerlee and @benonuoha, are heading to Taraba, Nigeria to host workshops on blockchain and its benefits for the public-sector in Nigeria. Theyâll focus on use cases such as digital identity, payments, and supply chain.
There will also be discussions on Nigeria blockchain policy and what Algorand is doing to drive policy forward.
Justin Sun says removing 12K Bitcoin from USDD is just âDeFi 101â
USDDâs Bitcoin collateral was removed without a vote from its DAO, but Justin Sun insists itâs a normal event in DeFi.
Tron founder Justin Sun has played down concerns after the removal of 12,000 Bitcoin used as backing for USDD, a stablecoin governed by the Tron DAO Reserve.
On Aug. 19, 12,000 Bitcoin
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worth over $729 million was removed from an address previously listed as holding some of the collateral for USDD (USDD), according to blockchain explorer Blockchair.
Some on X allege Sun himself was responsible for the move, while others have raised concerns that the BTC was removed without a vote from the Tron DAO Reserve.
According to the governance page, the latest and only question that has been put to a community vote was whether to use burned Tron
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In an Aug. 22 statement on X, Sun played down concerns, arguing that USDDâs mechanism is similar to MakerDAOâs Dai
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and allows a collateral hodler to withdraw without approval if collateral exceeds an amount specified by the system.
âThis is part of the basics of DeFi 101. Currently, USDD has a long-term collateralization rate exceeding 300%, which means that the capital utilization is not very efficient.â
#TRONâ
#BTCâ #BinanceLaunchpoolDOGS #CryptoMarketMoves #BinanceBlockchainWeek
Like and share @CRYPTO_CATY
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**Support HorizonLoft News for the Binance Square Creator Award 2024!**As we approach the Binance Square Creator Award 2024, itâs time to rally behind the creators who make our crypto community vibrant and informed. HorizonLoft News stands out as a beacon of excellence, consistently delivering insightful content that keeps us ahead in the fast-paced world of cryptocurrency.Why vote for HorizonLoft News? Their dedication to providing timely updates, in-depth analysis, and breaking news has been invaluable to the Binance community. Whether it's covering the latest market trends, regulatory updates, or deep dives into blockchain technology, HorizonLoft News ensures you're always in the know.Moreover, HorizonLoft News isnât just about reporting; itâs about fostering a community where knowledge is shared and everyone, from beginners to seasoned traders, can benefit. Their commitment to accuracy, quality, and user engagement is unparalleled.Your vote for HorizonLoft News is a vote for quality content and a stronger Binance community. Letâs show our appreciation for their hard work by supporting them in the Binance Square Creator Award 2024. Together, we can help them continue to thrive and bring even more value to our community.**Vote HorizonLoft News!**---Feel free to adjust as needed!#CreatorOfTheYear #VOTEme #AwardWinning
đđđ Malaysian Authorities Are Destroying #BitcoinMining Rigs, Hereâs Why (Report)
Malaysian authorities have intensified their crackdown on illegal Bitcoin mining operations, focusing on those siphoning electricity. Recently, nearly 1,000 mining rigs were destroyed in Perak District, with a total value of approximately RM1.98 million ($452,500). The rigs were crushed using a steamroller as part of a court-ordered action against equipment seized in raids from 2022 to April 2024.
The Perak Tengah District Police chief confirmed that the destruction followed environmental regulations. Additionally, in Sepang District, seven individuals were arrested for illegal mining and electricity theft, with authorities seizing 52 mining rigs, laptops, phones, and vehicles valued at about RM250,000 ($57,000). Investigations are ongoing, and some suspects face court charges.
Malaysian authorities have been combating electricity theft in mining since 2018, with losses estimated at RM3.4 billion ($722 million) between 2018 and 2023. Energy companies have since improved methods for detecting unusual energy consumption.
Source - cryptopotato.com
#BinanceSquareTalks #CryptoTrends2024
#CryptoMarketTrend
Hamster Kombat Airdrop Update đđđđ€
đ°10 Most Asked Questions About Hamster KombatâĄ
[Open my Profile & Vote For Me to Claim 5 USDT](https://app.binance.com/uni-qr/cpro/UniCrypto_World?l=en&r=287593028&uc=app_square_share_link&us=copylink) Comment Done After Voting
All Your Questions About "Hamster Kombat" ANSWEREDâ
1) When Will the Miners Get the Airdropâïž
Answer: Hamster Kombat App was Recently Updated with New Editions in Aidrop Section, Now You Can See The Criteria to Follow for Getting airdrop! We will Soon Get the Next Update đ„
2) Why Is Profit Per Hour Important than Coins BalanceđČ?
Answer: Hamster Kombat Officially Announced That the Airdrop you will get depends on Your Profit Per Hour and CEO Level, Not on Coins Balance!
3) How much Profit Per Hour Is ImportantđČ?
Answer: Atleast 1M Profit Per Hour Is Important!
4) Is 3M Profit Per Hour GoodđČ?
Answer: YES it's Good For Airdrop!
5) Which CEO Level is Eligible For Airdrop?
Answer: Legendary, Master, Grand Master, Lord, Creator all Are Eligible For Airdrop!
6) Do Airdrop only Depends On your Profit Per Hour and CEO Level?
Answer: Yes Airdrop Depends On Your profit Per Hour and CEO Level! The More Profit Per Hour, the More chances for Getting Airdrop!
7) Which Wallet to Connect for Getting Airdrop?
Answer: The Best is To Connect Your TON Wallet!
8) Do we need Gas Fee In $TON After Recieving Airdrop ?
Answer: Yes You need Some Gas Fee In TON For Moving your Airdrop Tokens!
9) How much TON We need For Gas Fee?
Answer: 0.5 TON To 1 TON is Enough!
10) How we can get Highest Chances of Getting Chosen for Airdrop?
Answer: Do Daily Task in App, Daily Combo, Daily Cipher, Daily Games and much more!
JUST STAY ACTIVE!
If you Like my this Effort, Do Like this Post and Please Don't Forget to [Vote](https://app.binance.com/uni-qr/cpro/UniCrypto_World?l=en&r=287593028&uc=app_square_share_link&us=copylink) For me, You Can give Me 1 Vote Daily!
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#Hamstercombo #hamsterkombat24 #HamsterKombat #HamsterTapTap #Airdrop $TON
đ FSB Charges Scientist with Treason: Crypto Transfers to Ukraine Raise Eyebrows
âĄïž In a shocking turn of events, Russia's FSB has leveled serious accusations against a Moscow-based scientist, alleging that he committed an act of "treason" by sending cryptocurrency to the Ukrainian Armed Forces.
đŒ The scientist, who remains unnamed, was identified as an employee of a scientific organization in Moscow. According to the FSB, he had a peculiar habit of regularly transferring his personal funds and digital assets to Ukrainian military wallets.
đ But it doesn't stop there. The FSB claims that this researcher's involvement went beyond mere financial support. They assert that he actively participated in DDoS attacks, targeting a critical Russian structure. DDoS attacks, as you may know, overload servers and disrupt online services.
â
As is often the case with such sensitive matters, the FSB has been tight-lipped about certain details. They have not disclosed the specific amount or type of cryptocurrency involved, nor have they revealed the names of the scientific institution or the Russian facility affected by the cyber onslaught.
âŒïž The gravity of these allegations cannot be understated. The FSB has formally initiated a criminal case, invoking Russia's Criminal Code and classifying the offense as "high treason." It seems that this scientist's alleged dalliance with Ukrainian intelligence has landed him in hot water.
#CryptoMarketMoves #Write2Earn! #BTCâ #BinanceLaunchpoolDOGS #MtGoxRepayments $BTC
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[VOTE AND EARN 5 DOLLARS](https://app.binance.com/uni-qr/cpro/CryptoPrincess?l=en&r=359246578&uc=app_square_share_link&us=more) đžđ
How AI Agents Are Transforming The Web3 Sector
Web3 companies incorporate AI agents that can perform tasks to help make platforms more accessible for users and developers.
Artificial intelligence (AI) is impacting every sector, yet itâs believed that AI will heavily disrupt the blockchain industry moving forward.
Recent market insights show that the intersection of AI and blockchain technology is expected to be worth over $2.7 billion by 2031.
Web3 Platforms Show Interest in AI Agents
While various use cases are still underway, a number of Web3 companies have started to incorporate AI agents to perform specific tasks.
Danny OâBrien, Senior Fellow at Filecoin Foundation, told Cryptonews that AI agents are autonomous software systems that leverage one or many AI models. OâBrien explained that these agents have access to data and tools, allowing them to run a sandbox, query databases or even execute a smart contract.
âWeb3 developers are building agents that can handle complex tasks, while also paving the way for collectives of agents that can specialize in completing multi-step tasks,â OâBrien said.
Ron Bodkin, Co-Founder and CEO of Theoriq â an AI communication platform â added that unlike large language models (LLMs) such as ChatGPT, AI agents are designed to achieve specific goals or perform certain functions.
$AI
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âThis is often by processing selected input data, analyzing it, and taking appropriate actions based on predefined rules or learned behavior,â Bodkin said. â For example, the Theoriq protocol is purpose-built to give agents planning, routing, self-reflection and iteration capabilities â via teams of agents collaborating in âCollectives.ââ
#Laraxenteam #laraxen #LaraxenFamily
Polkadot (DOT) experienced significant updates and developments in July, focusing on OpenGov activity, developer engagement, and ecosystem discussions.
OpenGov Activity: Polkadot's governance model saw increased participation, with several proposals being submitted and voted on. This reflects the community's active involvement in shaping the network's future.
Developer Engagement: The platform witnessed a rise in developer activity, with numerous projects and collaborations emerging. This surge indicates a growing interest in building on Polkadot's interoperable blockchain framework.
Ecosystem Discussions: Key discussions within the Polkadot ecosystem centered around scalability, security, and interoperability, highlighting the community's commitment to addressing critical challenges and enhancing the network's capabilities.