PEPE surges 15% after Arthur Hayes buys 24.39 billion tokens
BitMEX founder Arthur Hayes is drawing attention with a series of purchases that are seen as part of a portfolio restructuring strategy. A year after investing in PENDLE, Hayes is expanding his exploration of new crypto trends, including decentralized physical infrastructure networks (DePIN) and memecoins. His moves are not only strategic but also in line with current market trends and conditions. Memecoin, riding the wave of market optimism, has seen strong growth, while DePIN remains one of the standout stories.
Important Milestones During Cardano's 7 Years of Development
Cardano just turned 7 years old and its developer, Input Output Global (IOG), shared about the milestone. In a celebratory tweet, IOG wrote: âHappy Birthday Cardano. 7 years. Millions of transactions. Over a thousand projects. An unstoppable community.â Cardano, a proof-of-stake blockchain platform and the first to be founded on peer-to-peer research and developed through evidence-based methods, was launched in 2017.
Binance Founder Changpeng Zhao Has Officially Been Released
Binance founder Changpeng Zhao (CZ) has been released from prison, according to an announcement from the U.S. Bureau of Prisons (BOP). Zhaoâs release came two days ahead of his scheduled release date on Sunday, September 29. By law, the BOP can release inmates early if the release date falls on a weekend or holiday. In April, Zhao was sentenced to four months in prison for violating the Bank Secrecy Act (BSA) by failing to establish an adequate know-your-customer (KYC) program at Binance. As part of the plea agreement, Zhao agreed to pay a $50 million fine and step down as CEO of the cryptocurrency exchange. Binance also agreed to pay a $4.3 billion fine to U.S. regulators to resolve related charges.
Bitcoin Coinbase Premium Returns as BTC Price Heads for Best September Ever
Although September is often referred to as a bearish month, even being called âSeptember,â this year Bitcoin is on track to be its best September ever. There are also signs that retail investors are starting to return. Previously, the highest increase recorded in September was a 6% increase in 2016.
ETH Aims to Reclaim $2,817 After Transaction Fees Surge 498%
Ethereum (ETH) is currently trading around $2,700 today, up more than 2% after transaction fees spiked 498% over the past ten days. ETH is currently struggling to reclaim key support at $2,817. Ethereum Transaction Fees and ETH Burning Soar Transaction fees on the Ethereum network have hit a seven-week high thanks to a surge in on-chain activity, according to a report from Coinbase. Coinbase analysts David Duong and David Han said that trading volumes on decentralized exchanges (DEXs) and ETH transfers increased by 7% and 19% respectively over the past week, leading to a spike in transaction fees.
Pepe Up 40% in a Week as Memecoin Trading Volume Explodes
Pepe (PEPE), an Ethereum-based memecoin, has surged more than 41% over the past week as the memecoin market recovers across the board. PEPE is currently trading at $0.0000114, reaching its highest price since August 3, marking a 78.35% increase from its local low on September 6. Trading activity has also increased along with PEPEâs price rally. PEPEâs spot trading volume surpassed $2.7 billion on September 28, up 22% in the past 24 hours and 616% in the past seven days.
Shiba Inu (SHIB) Heads for Double-Digit Gains With Signals From On-Chain Data
Shiba Inu (SHIB), the second-largest memecoin by market cap, has seen a significant increase in two important on-chain metrics: active addresses and social media dominance. The number of active addresses is a commonly used indicator to gauge the level of interest and activity in a memecoin, as well as demand from investors. Shiba Inu's On-Chain Metrics Are Showing Positive Signals
Shiba Inu (SHIB) gained momentum after breaking above the immediate resistance at $0.000016 on September 26.
The SHIB/USDT pair continued its upward journey and surpassed the breakout level of $0.000020 on September 27. If the bulls can achieve a close above $0.000020, the pair could extend its rally to $0.000029.
Contrary to this assumption, if the price declines sharply from the current levels, it will indicate selling on the rise. A break below $0.000018 will indicate a range-bound action between $0.000012 and $0.000022 for a few days.
Toncoin (TON)âs tight consolidation between the moving averages ended with a range expansion to the upside on September 27.
If buyers sustain the price above $6, the TON/USDT pair could accelerate to $7. The bears are expected to mount a strong defense at $7, but if the bulls do not give way to the bears, the upside move could extend to $8.29.
This bullish view will be negated in the near term if the price turns down sharply and breaks below the 20-day EMA ($5.63). The pair could then drop to the critical support at $4.44.
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