Trump supported WLFI Launch: $11 Million Raised Despite Bumpy Start
In just 24 hours after its launch, the Trump-supported real-world asset protocol, WLFI, raised approximately $11 million by selling under 800 million tokens to eager investors. The project aimed to generate $300 million by selling 20 billion tokens, starting on October 15. However, technical issues with the website and scammers posing as WLFI initially complicated the launch. Despite these setbacks, data from Etherscan shows that thousands of investors were drawn to the Trump-endorsed DeFi initi
$BTC Tesla has recently made headlines with a surprising move regarding its Bitcoin holdings. On October 15, 2024, the company, led by Elon Musk, transferred nearly $770 million worth of Bitcoin to new addresses. This significant operation, which involved transferring 11,509 Bitcoins, marks the first major action by Tesla in over two years and could potentially shake up the crypto market. According to data from Arkham Research, this transfer represents the entirety of Tesla’s Bitcoin reserves.
$BTC Bitcoin enthusiasts have dubbed October “Uptober,” and for good reason! Historically, this month has been kind to Bitcoin, with prices climbing significantly in nine out of the last eleven years. On-chain analyst James Check captures the current excitement perfectly: “Pray for the bears.” This shift toward bullish sentiment hints at the possibility of a sustained rally, similar to past significant price increases. Some analysts believe this rebound might be one of the most thrilling market
The Rise of Binance: How It Became the World’s Largest Crypto Exchange in Just Six Months
#BinanceTurns7 In the fast-paced world of cryptocurrency, few stories are as remarkable as that of Binance. Launched in July 2017, this exchange quickly climbed the ranks to become one of the most popular platforms for trading digital assets. Within just six months, it emerged as the 376th most visited website globally, achieving remarkable trading volumes and an ever-expanding user base. A Quick Start with Strong Foundations Binance began its journey through an initial coin offering (ICO) that
UK Trader Pleads Not Guilty in First Illegal Crypto ATM Case
Habibur Rahman, a crypto trader from East Ham, London, has pleaded not guilty to charges related to running an illegal crypto ATM business and laundering £300,000 (about $395,000) in criminal cash. Rahman was arrested in April 2023 after police raided his mobile phone shop in Chatham, Kent, where they seized several crypto ATMs. According to the BBC, a spokesperson for Kent Police confirmed the details. The Financial Conduct Authority (FCA) requires all crypto ATM operators to register with them
*Top 3 cryptocurrencies to watch this week : CHILIZ, SUI, COIN*
Last week, the global cryptocurrency market made a notable comeback, increasing by 2.79% and reaching a market capitalization of $2.21 trillion. This growth added an impressive $60 billion to the market's overall value.
Bitcoin (BTC) took the lead in this recovery, but several altcoins also contributed to the positive momentum. Here are some of the standout performers:
Sui: $SUI had a fantastic week, soaring 28% from $1.75 to $2.24. The most exciting moments for Sui came during the market recovery on October 11 and 12, when it jumped 21%.
Chiliz: This cryptocurrency, which powers the Chiliz blockchain, capitalized on the broader market movements. It closed the week with an 11.8% gain, showcasing notable spikes throughout the week. On October 9, $CHZ even hit a four-month high of $0.0784 before encountering some resistance.
8-Bit Coin ($COIN): This altcoin had a strong week, recording six bullish days out of seven. It began the week on a high note, maintaining its upward trend from October 7 to 10, despite a minor dip on October 9 when it dropped 2.78%. By the end of the week, COIN achieved an impressive 22% rise.
Overall, the crypto market showed resilience and potential for further growth. Keep an eye on these trends as the market continues to evolve! #CHZ #COIN #SUI🔥🔥🔥🔥 #SUI #WeAreAllSatoshi
*MrBeast Rakes in Over $10 Million Promoting Lesser-Known Cryptos!*🤯
$SUPER
An anonymous crypto investigator, SomaXBT, claims that MrBeast, real name Jimmy Donaldson, made over $10 million promoting Initial DEX Offerings (IDOs) for projects like Polychain Monsters (PMON) and Virtue Poker (VPP). SomaXBT sees this as a red flag, comparing it to a pump-and-dump scheme. By hyping up these tokens to millions of followers and then selling them after their prices rise, regular investors could end up losing money.
He pointed out, “This is the shady stuff they’ve all done in the crypto market. If they did this in the stock market, the SEC would be after them.” SomaXBT uses on-chain data to increase transparency and hold the crypto community accountable. His recent posts highlight the risks of influencer-driven token promotions.
The investigation shows that Jimmy Donaldson, aka MrBeast, has been involved with several crypto projects, including SuperFarm ($SUPER ), Polychain Monsters ($PMON), SPLYT ($SHOPX), STAK, and Virtue Poker ($VPP).
On October 10, 2024, the Bitcoin network reached a record hashrate of 698 exahashes per second (EH/s), the highest it’s ever been! This achievement comes even as Bitcoin's price and mining earnings have dipped, and the difficulty of mining increased by 4.09%.
Despite these challenges, Bitcoin miners have shown incredible strength, raising the hashrate from 625 EH/s at the end of September to nearly 699 EH/s in just ten days. This growth shows that miners believe in Bitcoin’s future and are continuing to invest in better and more efficient equipment. Overall, this milestone highlights the resilience and confidence of the Bitcoin mining community!
Donald Trump unveils crypto platform World Liberty Financial, backed by sons...
The Trump family has, however, not provided much detail about the business, in terms of how it was financed or what purpose would it serve. #btc #trump #donaldtrump #sol #trumpnews