🧨 Traders Lost $260,000 on Polymarket Due to Pavel Durov Co | TopCryptoNews on Binance Square

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🧨 Traders Lost $260,000 on Polymarket Due to Pavel Durov Court Ruling
Users of the betting platform Polymarket who bet on Pavel Durov remaining in custody in August and September 2024 lost about $260,000.

Let us recall that the court set bail in his case at $5.5 million.

#TelegramCEO #PavelDurov #TON 

0 people tipped the creator.

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📊 LUNC Price Prediction: Terra Classic Price is Plunging Terra Classic (LUNC) is catching the attention of crypto enthusiasts. Recent patterns and a strong trading volume suggest that the potential rally could be more than a quick boost – it might be the start of a longer upward trend. In this Terra Classic price prediction article, we'll dive into what's driving Terra Classic's breakout, why traders are feeling bullish, and what could lie ahead for LUNC's price journey. 🔸 How has the Terra Classic (LUNC) Price Moved Recently? As of today, Terra Classic (LUNC) is valued at $0.00008496, with a 24-hour trading volume of $18.84 million, a market cap of $492.12 million, and a market dominance of 0.02%. Over the past day, LUNC's price has dropped by 5.38%. Terra Classic hit its peak price on April 5, 2022, when it reached an all-time high of $119.01. Its lowest recorded price was $0.00001651 on May 13, 2022. Since that high, LUNC's lowest point has been $0.00001651, while its highest since then was $0.00059. Currently, the market sentiment around Terra Classic leans bearish, while the Fear & Greed Index reflects a level of 69, indicating 'Greed'. The circulating supply for Terra Classic stands at 5.79 trillion LUNC, out of a maximum supply of 6.88 trillion. The yearly supply inflation rate is slightly negative at -0.01%, with 579.27 million fewer LUNC created in the past year. 🔸 Terra Classic Price Drops Following Significant Token Burn In recent days, Terra Classic (LUNC) has experienced notable price movements driven by intensified token burn activities. In a single transaction, 49,472.28 LUNC tokens were burned within just one hour, bringing the total burn count to a significant 7,062,267.40 LUNC. Of this, 49,573.28 tokens were removed via direct transactions, while the bulk—7,012,694.12 tokens—was eliminated through tax-based mechanisms. With a burn rate surge of 2,494%, these actions reflect the community’s aggressive stance on reducing LUNC’s supply. #LUNC

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⭐️ Only 628 Billion Shiba Inu (SHIB) in 24 Hours: Did Whales Give Up? In contrast to the trillion-level transactions that were the on-chain activity for Shiba Inu, the same level has significantly declined with only 628 billion SHIB transacted in the last 24 hours. This declined volume raises concerns about the long-term viability and market appeal of SHIB by pointing to a potential change in whale activity. A few conclusions emerge from the data analysis. Perhaps as a result of weak price movement or unappealing market conditions, the current decrease in transaction volume may indicate that large holders or whales are reducing their SHIB activity. There may be less buying pressure as a result of the decreased whale participation, which could prevent any quick price increase. It may be more difficult for SHIB to maintain any bullish momentum if whale transactions decline because there may be less liquidity and trading interest. Without whale support, which frequently stabilizes erratic markets, SHIB may be more vulnerable to abrupt price changes in reaction to comparatively smaller market orders. According to the technical chart, SHIB has been having trouble keeping up its upward trend. Any organic rally will probably rely largely on retail interest and smaller investor participation due to the lack of whale activity, which may not be sufficient to generate significant gains. The asset's recent support at $0.000017 and the resistance levels at $0.000018 and $0.00002, where SHIB would require substantial volume to break through, are important levels to keep an eye on. One way or another, on-chain data is only the reflection of things that are already happening on the market and fundamental factors are way more important when trying to predict the movement of the asset in the future. #SHIB #Shibalnu

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🔥 Bitcoin ETF Flows Are 'Massive Red Flag,' Analyst Says Jim Bianco of Bianco Research has poured cold water on the success of Bitcoin exchange-traded funds, arguing that the massive concentration of the largest cryptocurrency in traditional finance is not "something to be celebrated." In fact, according to Bianco, this should be treated as a major red flag. According to the analyst, the price of Bitcoin should have hit the $100,000 level months ago based on all the bullish catalysts such as massive ETF inflows and the Federal Reserve rate cut that took place in September. However, this wasn't the case. The price of Bitcoin failed to log a new all-time high earlier this week despite the record-breaking inflows recorded by BlackRock's IBIT. Bianco has noted that the gold price is substantially higher due to ETF inflows. According to the researcher, gold ETFs receive mostly fresh money, but Bitcoin ETF flows are mostly "on-chain or centralized exchange money." Hence, this is why the Bitcoin price is struggling to surge higher. "Spot BTC ETF trades are only $16k. This seems to be money shifting from former Coinbase retail accounts to the ETF, so it's not new money," he noted. This analysis, however, has expectedly attracted some backlash from Bitcoin enthusiasts. For instance, Bitcoin maximalist Fred Krueger claimed that Bianco's statement was not supported by evidence. Moreover, he has noted that Bitcoin is up as much as 65% on the year-to-date basis, significantly outperforming the yellow metal. #BTC #Bitcoin #ETF

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📊 Aptos Teams Up with SimpleHash to Boost Developer Support SimpleHash launches the Aptos Ecosystem Program, offering developers complimentary API access and priority support to streamline development. The blockchain strengthens its ecosystem through strategic partnerships and tools like SimpleHash’s integration and AI tools for the Move language. Aptos is making great progress in its mission to improve the development landscape through new and meaningful initiatives. The blockchain is scheduled to integrate with SimpleHash, per a recent blog post on the SimpleHash site, therefore bringing a complete Aptos Ecosystem Program. Using SimpleHash’s capabilities, this strategic endeavor seeks to speed up application development inside the Aptos ecosystem. 💬 this is a big one for us — Aptos x Simplehash.Aptos delivers unique technical capabilities and we’re here to make it easy (and cheap) for devs to leverage it — Olly Wilson (@olly__wilson) November 1, 2024 🔸 Comprehensive API Access and Priority Support for Aptos Developers The program’s free API access given to developers is among its most enticing features. With this advantage, Aptos developers may use sponsored SimpleHash API plans—up to 10 million requests per month, especially catered for Aptos data. Thanks to this great access, developers can get comprehensive token data free from further expenses. For those looking for complete and reasonably priced data solutions, the availability of such resources is absolutely vital. Apart from free access to APIs, members of the Aptos Ecosystem Program will gain top priority support. SimpleHash has underlined the need for clear communication and help and promised VIP access to specific support lines. This support guarantees that developers get technical assistance to properly develop, polish, and expand their products. And the program guarantees simple data integration. SimpleHash will provide developers access to comprehensive token data over the Aptos network, including complete transaction details. #APT #Aptos

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📊 Bitcoin Transactions Hit Highest Levels in Months Recent statistics reveal a notable surge in Bitcoin (BTC) transactions, reaching a peak not seen in six months. Insights from blockchain analysis firm IntoTheBlock attribute this spike to a rising number of wallets that hold BTC, which has been shared through their social media channels. 🔸 Why Are Bitcoin Addresses Increasing? IntoTheBlock points out that the number of addresses accumulating BTC for under 30 days has been a significant factor in this upward trend. Such a pattern typically signals a bullish market atmosphere. Current developments are being likened to the market behaviors observed during the prosperous years of 2017 and 2020/21. 🔸 What Drives Short-Term Bitcoin Trading? Data suggests that short-term Bitcoin traders are actively participating in the market and boosting their holdings. This trend is generally interpreted as a positive indicator, as these investors seek to capitalize on immediate price movements. Key takeaways from the rising Bitcoin activity include: 🔺 Increased short-term trading activity signals positive market sentiment. 🔺 A surge in open positions in the derivatives market shows growing investor confidence. 🔺 Historical parallels suggest potential upcoming bullish trends, similar to previous market peaks. The latest data offers valuable insights for traders and market participants, indicating a possible bullish trajectory for Bitcoin. Observing these patterns could prove essential for future trading strategies. #BTC #Bitcoin

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