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Payment giant Visa has incorporated Web3 technology into its customized loyalty program solution. 

#Web3PlatformSuccess #CryptoPredictions2024 #cryptocrurrency #CryptoNewsLand #CryptonewswithJack 

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Tesla and X CEO Elon Musk is no stranger to controversy with his social media antics, which occasionally have ripple effects on the crypto market. In the latest instance, the billionaire has sent the price of meme coins inspired by a Grok-created meme soaring with an X stunt. Here’s what’s happening. Elon Musk Changes Profile Over the past 24 hours, Tesla CEO Elon Musk has whipped up a frenzy with changes to his X profile. Specifically, he changed his profile name to Kekius Maximus and his display picture to a picture of the Grok-created meme. For the uninitiated, Kekius Maximus is a Grok-generated meme that combines the famous pepe meme with Gladiator’s Maximus character. The meme had inspired several meme coins across the Ethereum and Solana blockchains, the oldest of which appeared to have launched 17 days ago. All of them have now soared to record highs following Elon Musk’s X stunt. At the time of writing, the Solana version has risen by 16,000% over the past 24 hours, while the Ethereum version has risen by over 700%, per DEX Screener data. Each boasts market capitalizations of $1.6 million and $123 million, respectively. #CryptoNewsFlash

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Leading stablecoin issuer #Tether has rekindled its drive to stack Bitcoin after shifting millions worth of the premier asset to its reserve wallet on Monday. According to market intelligence platform Arkham, an address marked as the Tether Bitcoin reserve amassed 8,404 BTC worth $776.6 million on Monday. The data confirmed that the wallet received the assets from two separate addresses. Tether Acquires New Bitcoins The first transaction happened around 14:01 (UTC), with Tether receiving 7,629 BTC ($705 million) from crypto exchange Bitfinex’s hot wallet. An hour later, the wallet tied to the stablecoin issuer gulped another 775.56 BTC from the address “bc1qh,” totaling 8,404 BTC ($776.6 million). Meanwhile, Tether’s Monday purchase took its total holdings to 83,759 BTC, worth $7.77 billion. With the latest buy-in, the issuer is now the second-largest privately owned Bitcoin holding company, just below blockchain firm Block.one. Moreover, this is Tether’s first notable transaction in nine months. The last transaction on its Bitcoin reserve wallet was on March 31, when it purchased 8,888 BTC ($618 million). #CryptoNewss Tether Bitcoin Purchase

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#Bitcoin ’s price faces bearish pressure, with a breakdown below $93,000, marking a 1.12% drop in the past 24 hours. The CMC Fear and Greed Index has declined to 48, reflecting growing uncertainty among investors. As BTC struggles to surpass key resistance levels, technical indicators suggest potential downside risks, while analysts remain divided on the possibility of a bullish rebound. Bitcoin Price Analysis Respecting the long-coming resistance trend line in the 4-hour chart, the BTC price continues a bearish trend. As expected in our last article, the crucial support level at $92,750 failed to absorb the incoming supply. The breakdown rally almost reached the $90,000 level as predicted, making a low of $91,315. With the lower price rejections, the BTC price experienced an early reversal from the estimated target of $90,742. However, the bullish recovery to $92,748 failed to surpass the 20-EMA line and the resistance trendline. This led to a quick pullback below the $93,000 mark. Currently, Bitcoin is trading at $92,748, with a minor recovery of 0.43% in the past 4 hours. The 4-hour RSI line shows a quick turnaround from the oversold region, suggesting a possibility of sideways continuation. The consolidation range is expected to respect the $90,742 support zone while struggling to break through the resistance trendline. #cryptonewstoday

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