Meme Coins Become Global Speculative Liquidity Focus, Says Mechanism Capital Co-Founder According to BlockBeats, Mechanism Capital co-founder Andrew Kang stated on March 2nd that meme coins have become the focus of global speculative liquidity. He explained that global users can now easily access meme coins compared to traditional equities, which is why the price increase of Dogecoin has outperformed Gamestop's stock price increase. In the previous cycle, the total market value of meme coins reached $100 billion, and the market value peak in each cycle usually experiences multiple growth. Kang noted that not only retail investors but also high net worth (HWN) traders and hedge funds are gradually entering the market, indicating that there is still a long way to go for meme coins in the future.
Fake Rabby Wallet app drains users' crypto on iOS App Store According to CryptoPotato, a fake version of the Rabby Wallet app is draining users' cryptocurrency on the iOS App Store. Rabby Wallet, a cryptocurrency wallet developed by Debank, announced the launch of its mobile app on February 16. However, the app available on the iOS App Store is not the official version and users who installed it have been scammed. Users reported that their crypto assets were completely drained after installing the fake app. This issue was first discussed on Reddit and then continued on the official Apple forums. The real Rabby Wallet app is still awaiting approval from Apple, while the fake app, published by VIET LONG FINANCIAL INVESTMENT JOINT STOCK COMPANY, has been approved. One user reportedly lost approximately 14 ETH due to the scam. Apple's approval process has been called into question, with malicious apps like this one sometimes creeping in. According to one Reddit user, Apple Support allegedly stated that the app had been approved as something else in the past, remained active, and then was updated to resemble Rabby Wallet's GUI shortly after the launch announcement. Rabby Wallet users are advised to avoid downloading the app from anywhere except the official repo to prevent misappropriation of their crypto assets
7. Contract examination: - Verifying contract details, locking liquidity, and transferring ownership. - Review wallet limits and transaction details. - Track the origin of funds in the creator's wallet. 8. Automated verification processes: - Use tools like honeypot.is and tokensniffer.com to perform automated checks. - Keep in mind that success is not guaranteed. 9. Build your own system: - Shitcoin imitation can be profitable with the right system. - Establish rules to prevent overexposure and potential rug pulling. 10. Portfolio management: -Once you create your wealth, allocate it to promising narrative opportunities. - Diversify and manage risks as your investment portfolio expands.
How I turned $300,000 into $2 million in just two months 👨💻 🌐 Overview: 1. Insider Insights Revealed: My Journey to Turn $300K into $2M by Strategically Trading Sheetcoin. [Get your crypto here](https://www.binance.com/en-IN/activity/referral-entry?ref=LIMIT_CB2FQDWL®isterchannel=209380817559314432) 🆓👈 2. Basic guidelines: - Invest within your risk tolerance. - Lock profits to protect gains. - Conduct comprehensive research (DYOR) and avoid blindly following influencers. 3. Choosing the ideal chains: - Choose low-fee chains for small investments. - Solana stands out as a preferred low-fee option. - Improve trade speed using sniper bots. 4. Community and influencers: - Engage in communities to learn and identify opportunities. - Follow influencers to discover potential profitable assets. 5. Symbolic search: - Conduct comprehensive due diligence (DYOR) on each token. -Aim for 2-3x gains, taking into account taxes, slippage, and gas fees. 6. Tools and platforms: - Take advantage of dexscreener and DEXToolsApp to discover new coins. - Explore diverse pairs, inspect contracts, and evaluate socials. - Use etherscan for in-depth contract analysis.
Bitcoin (BTC) crosses $52,000 with a 0.12% increase in 24 hours On February 16, 2024 at 21:59 PM (UTC). According to Binance market data, Bitcoin has surpassed the 52,000 USDT benchmark and is now trading at 52,002 USDT, with a 0.12% increase in 24 hours.
EigenLayer's total value exceeds $7 billion According to BlockBeats, EigenLayer, a liquidity restorage protocol, has seen its total value locked (TVL) exceed $7 billion. As of February 15, TVL has a total value of $7.011 billion, according to DefiLlama data. EigenLayer's growth in TVL indicates growing interest in the protocol and its offerings. The platform allows users to re-stake their liquidity provider tokens, enabling them to earn additional rewards. This development highlights the continued expansion of the decentralized finance (DeFi) sector, as more users look for innovative ways to maximize their returns. As the DeFi ecosystem continues to grow, platforms like EigenLayer will likely attract more users and investments, strengthening their position in the market. The increase in TVL shows the potential of such protocols in the rapidly evolving DeFi landscape.
SEC Chairman Gary Gensler includes Bitcoin in his investor education responsibilities According to BlockBeats, on February 14, SEC Chairman Gary Gensler stated that the SEC's investor education responsibilities include Bitcoin. Gensler's statement highlights the growing importance of cryptocurrencies in the financial landscape and the need for regulators to educate investors about the risks and opportunities associated with digital assets. This move by the SEC Chairman demonstrates the agency's commitment to ensuring that investors are well informed about the evolving world of cryptocurrencies. As cryptocurrencies like Bitcoin continue to grow in popularity, it is important for regulatory bodies like the SEC to provide guidance and education to investors to help them make informed decisions about their investments in digital assets.
Binance Market Update (2024-02-14) The global cryptocurrency market cap now stands at $1.88T, up by 4.45% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $48,301 and $51,382 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $51,269, up by 2.34%. Most major cryptocurrencies by market cap are trading mixed. Market outperformers include PROM, KEY, and NULS, up by 91%, 53%, and 21%, respectively. Top stories of the day: CFO: Bitcoin ETFs Do Not Outperform Spot Trading Among Robinhood Users Phishing Group 'Angel Drainer' Conducts Malicious Safe Contract Attack, Stealing $403K Bitcoin Suffers 2% Decline Amid Strike of U.S. Inflation Higher Than Expected Crypto Companies Chainalysis, Fireblocks and Gauntlet Feature in Forbes' Fintech List Bitcoin Dips $1.6K Amid Heated CPI Data, Shrinking Hopes of a Fed Rate Cut Market movers: ETH: $2729.4 (+2.49%) SOL: $115.85 (+1.18%) BNB: $331.2 (+1.32%) XRP: $0.5312 (+0.32%) ADA: $0.5632 (+1.08%) AVAX: $41.26 (-0.31%) LINK: $20.355 (+0.94%) DOGE: $0.08279 (+0.21%) TRX: $0.12877 (+2.61%) DOT: $7.651 (+3.43%) Top gainers on Binance: PROM/USDT (+91%) KEY/USDT (+53%) NULS/USDT (+21%)
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Cathie Wood Expresses Doubts About SEC Approval of Spot ETFs Other than Bitcoin and Ethereum According to CryptoPotato, Cathie Wood, founder of ARK Investment Management, expressed doubts about the SEC’s stance on approving exchange-traded funds (ETFs) after cryptocurrencies outside of Bitcoin and Ethereum. Wood shared her thoughts on WSJ's Take On the Week, saying, "We would be surprised to see anything but Bitcoin and Ether approved by the SEC." This sentiment comes on the heels of Franklin Templeton's recent filing with the Securities and Exchange Commission for approval to launch an Ethereum spot ETF. If approved, the filing, which was made on February 12, will be listed as the “Franklin Ethereum ETF” on the Chicago Board Options Exchange. The filing states that Franklin Templeton plans to stake a portion of the Ethereum ETF for additional income, similar to strategies described in recent ARK 21Shares filings. Franklin Templeton, an asset manager with $1.5 trillion in assets under management, joins several prominent asset managers, including BlackRock, VanEck, Fidelity, Invesco Galaxy, Grayscale, and Hashdex, who have also filed for Ethereum ETFs. On January 11, 2024, I filed
Cryptocurrency whale watching can help you make informed investment decisions, and may also alert you to any potential price movements or lead you to discover exclusive information. 🟩 Cryptocurrency whales are people or entities that own large amounts of cryptocurrencies obtained through early investments, mining, or through other methods. 🟩 In light of the large amounts of digital currencies in their possession, whales have the ability to influence the market by buying or selling large quantities, especially #BTC, causing price fluctuations. In the world of cryptocurrencies, high levels of volatility are often attributed to whales. 🟩 Thanks to the transparency, immutability and openness of blockchain technology, there are many ways to detect whales, but it is worth saying that this is not always an easy task. Whales often use creative methods to secretly move money in an attempt to hide their identity and the size of their holdings. However, there are some indicators that can help identify potential cryptocurrency whales and their activity. 🟩 Analyzing trading patterns is a good starting point in identifying whale activity. Whales are known for their ability to influence the market by making large trades that can cause sudden spikes or falls in prices.
The Shiba Inu's Shibarium is seeing a significant increase in daily transactions and burn rate According to CryptoPotato, the Shiba Inu Shibarium, the Ethereum-based L2 of the Shiba Inu ecosystem, has seen a significant increase in daily transactions and burn rate. On-chain data from Shibariumscan reveals that the number of daily transactions rose from around 530,000 on February 9 to around 1.9 million on February 12, a rise of almost 300% in just a few days. Although there is no direct relationship between the number of transactions and the price of SHIB, an increase in transactions can lead to more SHIB transactions due to the burning mechanism implemented by the Shiba Inu team to reduce the circulating supply of tokens. As the supply of tokens decreases and demand stays the same or increases, the price of remaining tokens may rise. Data from Shibburn indicates that the SHIB token burn rate has increased by 70% in the past 24 hours. Regarding the price of the Shiba Inu, it has increased by 8.3% over the past week, which can be attributed to a rise in activity across the series or a general increase in the market. Since meme cryptocurrencies are typically more volatile than traditional cryptocurrencies, the future of SHIB's price is still uncertain, but 2024 is expected to be an exciting year for the market. So what we do for beginners did he buy a Shiba Inu shiba inu will surprise many ! how earning binance
Bitcoin(BTC) Surpasses 49,000 USDT with a 1.34% Increase in 24 Hours On Feb 13, 2024, 18:08 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 49,000 USDT benchmark and is now trading at 49,116.539063 USDT, with a 1.34% increase in 24 hours.
🔥 Ki Young Joo, CEO of cryptocurrency analytics platform #CryptoQuant, predicts that the price of#btccould reach $112,000 this year. 🔥 Ki Young Joo's optimism about Bitcoin's rise is due to the levels of Bitcoin ETFs and the influx of institutional funds into the cryptocurrency market. 🔥 We share his opinion that#bitcoincan reach that price and increase, taking into account also the expected halving event, as it has only 65 days remaining, in addition to the expected interest rate reduction at the next May 1 meeting, and the subsequent easing of the monetary and financial policy of the United States. American #Write2Earn If possible, please explain what you mean by investment or quick speculation 🔥🔥 Everyone expects significant increases in Bitcoin this year. Enter into investment structures, and do not engage in quick speculation in which you may win or lose. ❤️❤️❤️
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There is a strong buying drag on Bitcoin by ETFs. 💰 Yesterday, there was an influx of $541.5 million, or the equivalent of more than $11,368 BTC. 💎There is buying pressure on Bitcoin similar to the gold rush in the nineteenth century #Write2Earn