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🔸 Binance Launchpool To Roll Out Support for New Native Token of Telegram Mini-App Gaming Bot Top global crypto exchange Binance is planning on launching trading support for the new cat-themed native token of a gaming bot built on the Telegram mini-app platform. Binance Launchpool, which lets users stake coins to farm new assets, says its 59th project will be Catizen (CATI), a cat-themed social entertainment experience on Telegram. Explains the project, “As a revolutionary gaming bot, Catizen not only simplifies web3 access but also makes mobile payments seamless, transforming the way users engage with decentralized technologies. Building on Telegram’s vast user base, Catizen is designed to become a hub for Web3 activities, combining a mini-app center with Launchpool and an Open Task platform. By gamifying the Attention Economy and leveraging Decentralized Value Realization, Catizen creates an ecosystem where users can enjoy engaging, fun, and rewarding experiences.” Between September 16th and 20th, Binance users can lock their BNB, the crypto exchange platform’s native asset, as well as the stablecoin First Digital USD (FDUSD), to receive CATI airdrops. The exchange then plans to list the asset on September 20th. Binance will attach a seed tag to CATI, which the exchange applies to lower-liquidity projects that may exhibit higher volatility compared to other listed tokens. Binance requires users who own assets with seed tags to pass quizzes every 90 days to ensure they’re aware of the risks before trading the tokens. #Binance #BinanceLaunchpool
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⭐️ Bitcoin Investor Faces Prison Time for Underreporting Crypto Gains A bitcoin investor has pleaded guilty to underreporting his cryptocurrency gains, including $3.7 million from BTC sales, resulting in a tax loss to the Internal Revenue Service (IRS) of over $550,000. The Department of Justice emphasized that taxpayers must accurately report crypto transactions to the IRS. The bitcoin investor now faces up to three years in prison, along with fines, restitution, and supervised release. 🔸 Bitcoin Investor Pleads Guilty to Tax Fraud on Cryptocurrency Gains The U.S. Department of Justice (DOJ) announced on Thursday that an early bitcoin investor has pleaded guilty to “filing tax return that falsely reported his cryptocurrency gains.” Frank Richard Ahlgren III, a Texas resident, admitted to underreporting the capital gains he earned from selling $3.7 million worth of BTC. According to court documents, Ahlgren bought 1,366 BTC in 2015, valued at no more than $500 each. In October 2017, he sold 640 BTC for approximately $3.7 million and used the proceeds to purchase a home in Park City, Utah. However, Ahlgren’s 2017 tax return falsely inflated the cost basis of his bitcoin, which allowed him to underreport his capital gains. Additionally, he failed to report $650,000 in bitcoin sales made in 2018 and 2019. The DOJ stressed: 💬 All taxpayers are required to report any sale proceeds and gains or losses from the sale of cryptocurrency. The Justice Department noted: 💬 In total, Ahlgren caused a tax loss to the IRS of more than $550,000. “Ahlgren will be sentenced at a later date. He faces a maximum penalty of three years in prison as well as a period of supervised release, restitution and monetary penalties. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors,” the DOJ explained. #BTC #CRYPTO
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🌖 Terra Luna Classic Reveals USTC Repeg Plan, LUNC Price Soars 15% Terra Luna Classic popular member and validator Vegas Morph has unveiled a proposal to repeg USTC to $1. This sparked bullish sentiment in the community, with LUNC price gaining further upside momentum after rising 15% in a week. Moreover, the community is also bullish due to developments such as token burn by Terraform Labs, the Tax2Gas upgrade, and security updates. 🔸 Popular Terra Luna Classic Validator Proposes USTC Repeg Plan Vegas Morph, a former Terra Rebels developer group member, has suggested a plan for USTC repeg after recent efforts failed to advance and benefit the Terra Luna Classic community. In a recent post on Medium, the validator explained the following changes required to safely reactivate the market module. He asserts it will help repeg USTC to the US dollar. The developer working on repeg needs to integrate an oracle module that provides real-time price feeds for USTC. The burn amount must be set to 20% of the fee, allocate 20% for Oracle Pool, and designate the remaining 60% to a pool to maintain the peg. In addition, the virtual liquidity pool size should come with limits and introduce multiple pools with conditional activation steps. Developers must impose a hard cap on LUNC and USTC supply, which will address unwanted minting of tokens. Also, there needs to be a kill switch for the module. RedlineDrifter, member of Quant USTC repeg team, reacted positively to the efforts and asked the Terra Luna Classic community to review it. 🔸 Will LUNC Price Maintain Ongoing Rally? Terra Luna Classic price climbed 4% further from the 24-hour low, with the price currently trading at $0.00008733. The 24-hour low and high are $0.00008382 and $0.00008832, respectively. The LUNC trading volume has also increased by 42% in the last 24 hours. The next resistance is near the $0.00009 level. The price has increased more than 15% in a week, with over 10% jump in 1000LUNC futures OI on Binance and Bybit in a day. #LUNC #TERRA
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🐸 PEPE Faces Potential 5% Drop, Eyes Key Support Level Retest After a recent breakout, PEPE has experienced a notable drop as it moves to retest crucial support levels. This retest is crucial for the cryptocurrency, as it will determine whether the bullish momentum can continue or if the price will struggle to hold above this level. The aim of this article is to analyze PEPE’s recent price action as it drops to retest critical support at $0.00000766 following a breakout. It will examine whether this support level can hold and lead to a rebound, potentially setting the stage for a renewed upward trend, and explore potential scenarios for its next move. 🔸 Analyzing The Current Market Condition Of PEPE On the 4-hour chart, PEPE is currently trading above the 100-day Simple Moving Average (SMA), indicating a generally positive trend. However, the crypto asset is experiencing significant bearish momentum that could drive the price down toward the $0.00000766 level for a crucial retest. Additionally, on the 4-hour chart, the Relative Strength Index (RSI) signal line is currently at 66%, moving down from the overbought zone toward the 50% threshold. This decline indicates increasing pessimistic momentum, suggesting a greater likelihood of PEPE approaching the $0.00000766 support level. On the 4-hour chart, PEPE appears to be moving downward toward the $0.00000766 support level while approaching the 100-day SMA. Despite this short-term decline, the recent bullish market sentiment suggests that this drop may be temporary and could potentially lead to a rebound in the near future. Finally, the 1-day RSI signal line, which has risen to 51%, is now declining towards the 50% level. The drop in the RSI indicates a potential upward momentum weakening, reinforcing the likelihood of a price retracement to the support level for further evaluation. #Pepe
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🟠 9,200 Bitcoin were taken off exchanges today This is the way 🫡 #BTC #Bitcoin
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