USDD, the algorithmic stablecoin associated with Justin Sun and the TRON blockchain, has removed around 12,000 bitcoins from its collateral, with no corresponding approval from the DAO.
muaah to governance lol
Justin Sunâs USDD Drops 12,000 BTC Without DAO Approval
The 12,000 BTC previously listed on USDDâs transparency page have been withdrawn from the collateral reserve. The address, 1KVpuCfhftkzJ67ZUegaMuaYey7qni7pPj, holding these assets has been removed from transparency disclosures.
#JustinSun #USDD #Tron #BTCâ
đ **TRON Hits New Revenue High Amid Price Correction!** đ
- **Price Surge & Correction**: TRON (TRX) hit $0.165 on Aug. 21, its highest since April 2021, driven by SunPump meme coin hype. However, it quickly corrected to $0.151 due to profit-taking.
- **Market Cap & Trends**: TRX's market cap is $13.16B, losing the 10th spot to Cardano (ADA). Global crypto market cap rose by 0.7%, hitting $2.23T. Meanwhile, Bitcoin (BTC) surpassed $60K! đ„
- **Revenue Milestone**: TRON's daily revenue soared to $5.33M, a new all-time high, per founder Justin Sun.
- **Holder Insights**: Only 0.48% of TRX holders are at a loss. Most holders enjoy major profits, with 62% holding for over a year.
- **RSI Indicator**: TRX's RSI dropped from 85 to 38, indicating it's oversold. A price surge could be on the horizon!
đŹ What are your thoughts on TRON's performance? Comment below!
Aave Labs announced on Wednesday that Aave V3 is launching on Era, ZKsyncâs first ZK chain. This development signifies a notable advancement in the decentralized finance (DeFi) sector, potentially enhancing transaction efficiency and security through zero-knowledge proofs.
However, the broader market sentiment remains pessimistic. Regulatory scrutiny is intensifying globally, with several jurisdictions tightening their stance on cryptocurrency operations. Additionally, the volatility of major cryptocurrencies continues to undermine investor confidence, casting a shadow over new technological advancements in the space.
Aptos Labs has announced a strategic partnership with Myco, a Web3 streaming platform, integrating it with its layer-1 blockchain. This collaboration aims to leverage blockchain technology to enhance the streaming experience, offering improved security and transparency for users. However, the market remains skeptical about the long-term viability of such integrations, given the current regulatory uncertainties and the volatile nature of the cryptocurrency landscape. The partnership's success will largely depend on how well it can navigate these challenges and deliver tangible benefits to its user base.
đ„đ„đ„ #bitcoinâïž on Track for Six-Figure ATH, Analyst Maintains Target
Bitcoin Eyes New All-Time Highs Amid Market Volatility
CryptoConâs Bold Prediction:
- Despite market fluctuations, analyst CryptoCon is confident that Bitcoin will reach new all-time highs by late 2025. He bases this prediction on his âNovember 28th Cycles Theory,â which suggests that Bitcoin will hit a significant peak around late 2025, potentially reaching six figures. He views the March 2024 high as just the beginning, with the main rally expected in 2025.
Navigating Market Conditions:
- Veteran trader Peter Brandt notes Bitcoinâs uncertain direction, suggesting that a decisive move will depend on breaking key levels like the $74,000 resistance. Both Bitcoin and Ethereum exhibit similar technical patterns, keeping traders in a wait-and-see mode.
Bitcoin Holds Steady Amid Major Transfers:
- Despite recent transfers linked to the defunct Mt. Gox exchange, Bitcoin remains around $60,000. Mt. Gox has moved significant $BTC amounts, including a recent $1.97 billion transfer, with more distributions expected. Bitcoin's price stability amid these transfers hints at resilience in the market.
Source - thecoinrepublic.com
#CryptoMarkets #BinanceSquareTalks #CryptoNewsCommunity
đ $BTC #CryptoQuant : Bitcoin OTC Desk Balances Soar to Two-Year Peak!
Bitcoin OTC desk balances for miners have increased by more than 70% over the past three months, rising from 215,000 BTC in June to 368,000 BTC in August - an increase of 153,000 BTC.
These balances have not reached such levels since June 2022.
Miners often turn to OTC (Over-the-Counter) deals to sell Bitcoin, seeking better execution without impacting the market price as they might on exchanges.
The substantial rise in OTC desk balances suggests significant selling activity among miners.
Historically, increases in Bitcoin OTC desk balances have been associated with declines in Bitcoin prices.
{spot}(BTCUSDT)
Fantom Price Rally: Is FTM Poised for Continued Gains?
The #Fantom price is displaying strong bullish momentum on the 4-hour chart, with the recent price action indicating a potential breakout. As the Fantom price climbs, traders are closely watching several critical resistance levels, which could determine the next direction of movement.Â
The Fantom price has been steadily rising, with the closing prices showing consistent gains over the last few periods. This upward trend is supported by the 9 EMA (Exponential Moving Average), which has crossed above the 20 EMA, a classic bullish signal indicating that the market is gaining strength. As long as the 9 EMA remains above the 20 EMA, the short-term bullish sentiment is likely to continue, potentially driving the price higher.
The MACD (Moving Average Convergence Divergence) further reinforces this bullish outlook. The MACD line has been consistently above the signal line, and the growing histogram suggests increasing buying pressure. This momentum could push the Fantom price towards the next resistance levels at $0.4659, $0.4698, and $0.4717. A break above these levels could open the door for further gains, making these points critical for traders considering long positions.
However, traders should also be aware of the potential for a pullback. The RSI (Relative Strength Index) has reached overbought levels, indicating that the asset may be due for a correction before resuming its upward trend. If a pullback occurs, the support levels at $0.451, $0.4455, and $0.4442 could provide a safety net for the Fantom price, offering potential entry points for those looking to capitalize on the next leg of the rally. $FTM #FTM The full analysis and trade strategy were posted on www.ecoinimist.com.
{spot}(FTMUSDT)
Pepe Coin Price Flashes a Bullish Signal with 70% Upside Potential
Pepe Coin price has not been as bullish as other top-ranking cryptocurrencies because, from analysis of investor behavior, the market is divided between bearish traders and bullish long-term investors. While Pepe secured a free listing in the upcoming Hong Kong-based HashKey exchange, the asset is struggling under heavy resistance. The price of PEPE hovered around $0.00000785 during the London trading session, a 1.3% uptick.
Whales vs Traders â Where Will Pepe Coin Price Follow?
The current stagnation in Pepe Coin price stems from a struggle between large holders and retail traders. While whales are accumulating PEPE and anticipating a price rise, retail traders seem to be bearish on the asset.
The PEPE Crypto Derivatives Visualizer shows that traders are closing their Short positions in profit since the open interest (OI) dropped while the price increased. Usually, when Shorts close, they tend to open Long positions, but a second metric suggests this may not be true.
A side-by-side comparison of the OI and cumulative volume delta (CVD) shows that both are dropping. When this happens, it signifies that long positions are being closed. This means that although Shorts are closing in profit, no new Long positions are opening, which can be a bearish indicator for the PEPE.
Conversely, PEPE large holders remain strong in their resolve to accumulate the meme coin. Data from Santiment shows an increase in whale activity over the last 48 hours. The red spikes show increased transactions from whales with more than $5 million worth of PEPE, while yellow spikes represent $100,000 net-worth whales. The blue rising histogram represents the active addresses, which have increased over the last 24 hours, signaling new users have entered the PEPE fold.
The whales and new users are on to something, as the Pepe Coin price chart hints at the possibility of a 68% surge in price in the future.
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Binance, one of the leading cryptocurrency exchanges, has announced plans to expand its workforce by 1,000 employees, focusing heavily on regulatory compliance roles. This move comes amid increasing global scrutiny and regulatory pressures on the cryptocurrency industry. Despite the expansion, market sentiment remains cautious as regulatory challenges continue to pose significant risks. The emphasis on compliance highlights the ongoing struggle for legitimacy and stability within the sector. Investors and stakeholders should remain vigilant as the regulatory landscape evolves, potentially impacting market dynamics and future growth prospects.
$DOGS MEMECOIN MANIA: PRICE PREDICTION AND PROFIT POTENTIAL âŒïž
The upcoming listing of the $DOGS memecoin has generated significant excitement, with many wondering about its potential listing price. Crypto analyst Gautamgg.eth/sol shared a detailed price prediction, comparing $DOGS to another popular token, Notcoin $NOT.
Based on the analysis, the estimated price for $DOGS could be around $0.0016, with a potential market cap of $650-750 million on its first day. This could result in profits of $52-60 per account, assuming a 1:1 token ratio.
However, it's essential to remain cautious and not have unrealistic expectations. The crypto market can be unpredictable, and prices may fluctuate rapidly. Stay informed and be prepared for any outcome.
Remember, this post is for informational purposes only and does not constitute financial or investment advice.
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#BinanceLaunchpoolDOGS #dogs #Write2Earn!