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Crypto STAR_2
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CRYPTO MARKET UPDATE 1: $BTC support levels - $58,000 and $52,000 strong Support (this means there are buyers). 2: Bitcoin resistance - $62,000 and $66,000 strong resistance (this means there is no need to sell, bitcoin will sell). Market depend on $BTC whether you have updated it - according to the plan you have to do it yourself and do it with your funds. Analysis - BTC's support is at $58,000 and $52,000. Resistance is at $62,000 and $66,000. Trade with caution and manage your risk according to the support and resistance levels mentioned above. BTC closed its daily candle at $61,685. $62,000 is working towards a key resistance as the daily 50 MA and 200 MA are present here. BTC will have to face resistance at $62,000 and daily candles will have to be formed above this level to give the price the possibility of a bullish move.
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Blockchain analyst Lookonchain reported that the stolen assets included 5.43 trillion SHIB tokens (worth $102 million), 15,298 ETH (valued at $52.5 million), 20.5 million MATIC (worth $11.24 million), 640.27 billion $PEPE (worth $7.6 million), 5.79 million USDT, and 135 million GALA (worth $3.5 million). It added that the attacker was selling and converting those assets to ETH. Launched in 2018, WazirX is India's largest and fastest-growing cryptocurrency exchange with more than 200,000 app downloads with an average rating of 4.5. They have recently gone global. WazirX’s aim is to bridge the global fiat-cryptocurrency gap with the world’s first auto-matching P2P engine - WazirX Peer-to-Peer. WazirX’s native token, WRX, is the utility token forming the backbone of the WazirX ecosystem. Its total supply is 1 Billion. The WRX token is built on Binance chain with future use cases including: trading fee discounts, WRX trade mining (unlock and earn WRX tokens by performing trades), paying for margin fees, and more. $WRX $XRP $TAO
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$TON $BTC $XRP #MarketDownturn ♦️ The Open Network community gains free access to over 60 advanced analytics indicators through an Into The Block integration. Into The Block (ITB), an on chain analytics and decentralized finance (DeFi) services provider, has integrated The Open Network (TON) into its analytics platform. ♦️ According to a press release shared with Coin telegraph, the collaboration with the TON Foundation will enable the TON community to access advanced analytics free of charge. The integration of TON into ITB’s Market Intelligence suite aims to boost TON’s user engagement and network transparency through deeper “insights into the TON ecosystem.” ♦️ Speaking with Coin telegraph, Vincent Maliepaard, marketing director at Into The Block, explained that integrating with TON will allow users to gain “actionable data and insights into the TON blockchain.” “This level of visibility allows users to monitor transactions, assess network health, and identify any potential anomalies or risks early on.”
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⚠️ **Is Ethereum Really That Bad? Vitalik Buterin Joins Debate** A contentious discussion regarding Ethereum's usefulness and performance began on X. Ethereum was publicly criticized by a user who called it slow, inefficient, costly, and useless for anything other than memes and specific cryptocurrencies. Co-founder of Ethereum Vitalik Buterin was the target of the criticism. In response, Vitalik Buterin strongly defended Ethereum, countering the claims with specific facts. Layer 1 (L1) and Layer 2 (L2) solutions both confirm transactions in a matter of seconds ⏱️, and L2 transactions are less expensive than $0.01 💰, allaying worries about outrageous transaction costs. Buterin highlighted the achievements of some of the most successful projects in the Ethereum ecosystem, such as Farcaster, Lens, and Polymarket, which have shown great progress and usefulness 🚀. Buterin also highlighted developments in zero-knowledge (ZK) technology, such as ZK voting and ZK ID. These innovations showcase Ethereum's capacity for creativity and practical problem-solving, with the potential to improve security and privacy 🔒. However, the user's criticism went beyond technical performance. They contended that although a few people have amassed fortunes, the industry has primarily created blockchain solutions for issues that do not exist in the actual world. The user expressed doubts regarding the general applicability of blockchain technology while acknowledging Polymarket's legitimacy. The concrete developments and apps being created on the Ethereum network served as the foundation for Buterin's defense. He tried to debunk the myth that Ethereum is a slow and expensive platform by emphasizing the quick confirmation of transactions and cheap costs of L2 solutions. #BinanceTurns7 #MtGoxJulyRepayments #BinanceHODLerBANANA
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🔥🔥 **Indian Authorities Demand $86 Million in Tax from Binance Before Resuming Operations** 😲😲😲😲 📢 Binance, the world’s largest cryptocurrency exchange, is facing tax evasion claims in India, with authorities demanding $86 million in unpaid taxes before the platform can resume operations in the country. This marks the first time the Indian government is directly taxing a crypto entity within its borders. Binance, along with other crypto projects, was banned from India in January 2024 for non-compliance with local regulations. However, Binance announced in April its intentions to restart operations in the country. On August 6, the Directorate General of Goods and Service Tax Intelligence (DGGI), an Indian law enforcement agency, officially demanded $86 million from Binance, accusing the exchange of evading the Goods and Services Tax (GST) 🚨. A source from the DGGI revealed that Binance earned a significant amount of money by charging Indian customers for transactions on their platform. The investigation found that these earnings, totaling at least Rs 4,000 crore, were credited to the account of a Binance Group company, Nest Services Limited, based in Seychelles. In response to the demand, Indian authorities reached out to Binance offices in Seychelles, The Cayman Islands, and Switzerland. However, it appears that Binance has reportedly ignored those communications. The situation is still developing, and it remains to be seen how Binance will address these tax claims. #Binance #india_crypto #HamsterKombat #BinanceHODLerBANANA
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