Mr Gray Wolf
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use only fib extension for price prediction , nothing more
Avalanche ($AVAX) Price Prediction 2024, 2025, 2026-2030!!
If Avalanche ($AVAX ) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Avalanche (AVAX) price prediction for 2024 is $148.84. Comparatively, the bearish Avalanche (AVAX) price prediction for 2024 is $13.97.
If there is a positive elevation in the market momentum and investors’ sentiment, then Avalanche (AVAX) might hit $200. Furthermore, with future upgrades and advancements in the Avalanche ecosystem, AVAX might surpass its current all-time high (ATH) of $146.22 and mark its new ATH.
If there is a positive elevation in the market momentum and investors’ sentiment, then Avalanche (AVAX) might hit $200. Furthermore, with future upgrades and advancements in the Avalanche ecosystem, AVAX might surpass its current all-time high (ATH) of $146.22 and mark its new ATH.
Fairdesk crypto exchange to shut down, cites market conditions 🍓
Fairdesk, a Singapore-based crypto exchange launched in 2021, will permanently close on Nov. 30.
The decision comes amid shifting market conditions and regulatory changes, according to a company release.
Fairdesk built a reputation for offering futures trading, spot trading, and other crypto services to a global user base. However, the company’s leadership has opted to wind down operations, citing challenges in the current environment
Effective Oct. 17, all trading activities on Fairdesk will cease, with only withdrawals allowed until the final closure date. Fairdesk encouraged its users to withdraw their funds before the Nov. 30 deadline.
Fairdesk, a Singapore-based crypto exchange launched in 2021, will permanently close on Nov. 30.
The decision comes amid shifting market conditions and regulatory changes, according to a company release.
Fairdesk built a reputation for offering futures trading, spot trading, and other crypto services to a global user base. However, the company’s leadership has opted to wind down operations, citing challenges in the current environment
Effective Oct. 17, all trading activities on Fairdesk will cease, with only withdrawals allowed until the final closure date. Fairdesk encouraged its users to withdraw their funds before the Nov. 30 deadline.
FTX Crypto Holders to Recover Only 10-25% of Lost Assets, Sets $230M for Shareholders ‼️
Collapsed crypto exchange FTX has made last-minute changes to its payout plans, setting aside only 10-25% for FTX crypto holders.
Further, FTX has allocated $230 million worth of proceeds from government forfeiture actions for the benefit of shareholders. According to FTX creditor-activist Sunil Kavuri, the firm is transferring “18% of DOJ forfeiture funds,” to FTX equity holders.
The revised reimbursements came as a surprise to creditors, who were unaware of the provision. The agreement was apparently finalised after the creditors voted on a liquidation plan and was revealed 30 days after the deadline.
Traditionally, in a Chapter 11 bankruptcy proceeding, shareholders are reimbursed last after creditors. The filing noted that both debtors and preferred shareholders “ each have an interest in avoiding the cost, expense and delay that would be associated with litigation in connection with the Plan and the Forfeiture Proceeds.”
In the revised agreement, “extra money is being transferred to shareholders,” Sunil explained in an X chat. He added that creditors would receive reimbursements according to the petition date when crypto prices were lower than today
For instance, Bitcoin was trading at $16,000 when the legal petition was filed. However, the largest crypto trades at $64.47 at press time, sparking outcry among FTX creditors.
#btc #ftx #eth $BTC $ETH $SOL
Collapsed crypto exchange FTX has made last-minute changes to its payout plans, setting aside only 10-25% for FTX crypto holders.
Further, FTX has allocated $230 million worth of proceeds from government forfeiture actions for the benefit of shareholders. According to FTX creditor-activist Sunil Kavuri, the firm is transferring “18% of DOJ forfeiture funds,” to FTX equity holders.
The revised reimbursements came as a surprise to creditors, who were unaware of the provision. The agreement was apparently finalised after the creditors voted on a liquidation plan and was revealed 30 days after the deadline.
Traditionally, in a Chapter 11 bankruptcy proceeding, shareholders are reimbursed last after creditors. The filing noted that both debtors and preferred shareholders “ each have an interest in avoiding the cost, expense and delay that would be associated with litigation in connection with the Plan and the Forfeiture Proceeds.”
In the revised agreement, “extra money is being transferred to shareholders,” Sunil explained in an X chat. He added that creditors would receive reimbursements according to the petition date when crypto prices were lower than today
For instance, Bitcoin was trading at $16,000 when the legal petition was filed. However, the largest crypto trades at $64.47 at press time, sparking outcry among FTX creditors.
#btc #ftx #eth $BTC $ETH $SOL
Bolivia Sees Over 100% Surge in Crypto Transactions After Legalizing Payments ‼️📌
Bolivia has experienced a massive surge in crypto transactions over the past three months following new regulations that legalized the use of digital payment channels.
According to a recent announcement from the Central Bank of Bolivia, the country’s monthly trading volume of virtual assets rose from $7.6 million to $15.6 million, driven mainly by stablecoin transactions and increased public interest.
📌Increase in Trading Volume and Transactions
The Central Bank of Bolivia attributed this growth to implementing Board Resolution 082/2024, which came into effect in June, enabling the use of electronic payment channels for virtual assets.
The number of virtual asset transactions also saw a sharp rise, with over 1.1 million transactions recorded from July to September, compared to around 932,000 in the previous six months. Individuals conducted the majority of these transactions.
$SOL $USDC $ETH
Bolivia has experienced a massive surge in crypto transactions over the past three months following new regulations that legalized the use of digital payment channels.
According to a recent announcement from the Central Bank of Bolivia, the country’s monthly trading volume of virtual assets rose from $7.6 million to $15.6 million, driven mainly by stablecoin transactions and increased public interest.
📌Increase in Trading Volume and Transactions
The Central Bank of Bolivia attributed this growth to implementing Board Resolution 082/2024, which came into effect in June, enabling the use of electronic payment channels for virtual assets.
The number of virtual asset transactions also saw a sharp rise, with over 1.1 million transactions recorded from July to September, compared to around 932,000 in the previous six months. Individuals conducted the majority of these transactions.
$SOL $USDC $ETH
Bitcoin poised for surge, analysts expect new all-time high 😱📌
Bitcoin recovery coincided with the surge of the most risky assets like altcoins and equities. The Dow Jones and the S&P 500 index have jumped to a record high, while the Nasdaq 100 is a few points below its all-time high.
In a post on X.com, crypto analyst Miles Deutscher estimated that Bitcoin may continue rising in the near term, reaching a high of $81,000.
He argued that the S&P 500 index, which tracks the biggest American companies, was up by 9% above its highest level this year. As such, he told his 541,000 followers that the coin would hit $81,000 if it caught up with equities as it has done in the past.
Other analysts are bullish on Bitcoin. In a recent note, analysts at BlackRock, the biggest asset manager in the world, referred to Bitcoin as a “unique diversifier” in a report on Sept. 17.
The New York-based firm argued that the top cryptocurrency was a unique asset that is uncorrelated with equities, especially in periods of elevated risks.
MC Consultunacy founder and self-proclaimed Bitcoin enthusiast Michael van de Poppe also noted that the coin would jump to between $90,000 and $100,000 by the end of the year. He cited the soaring global liquidity, which will increase as central banks slash interest rates.
$BTC $ETH $BNB #bitcoin
Bitcoin recovery coincided with the surge of the most risky assets like altcoins and equities. The Dow Jones and the S&P 500 index have jumped to a record high, while the Nasdaq 100 is a few points below its all-time high.
In a post on X.com, crypto analyst Miles Deutscher estimated that Bitcoin may continue rising in the near term, reaching a high of $81,000.
He argued that the S&P 500 index, which tracks the biggest American companies, was up by 9% above its highest level this year. As such, he told his 541,000 followers that the coin would hit $81,000 if it caught up with equities as it has done in the past.
Other analysts are bullish on Bitcoin. In a recent note, analysts at BlackRock, the biggest asset manager in the world, referred to Bitcoin as a “unique diversifier” in a report on Sept. 17.
The New York-based firm argued that the top cryptocurrency was a unique asset that is uncorrelated with equities, especially in periods of elevated risks.
MC Consultunacy founder and self-proclaimed Bitcoin enthusiast Michael van de Poppe also noted that the coin would jump to between $90,000 and $100,000 by the end of the year. He cited the soaring global liquidity, which will increase as central banks slash interest rates.
$BTC $ETH $BNB #bitcoin
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📌Is a Kamala Harris Presidency the Best for Crypto Prices: VanEck Prediction ‼️
🔘 VanEck outlined a scenario in which a Harris presidency could see SEC Chairman Gary Gensler, known for his tough stance on crypto regulation, retained.
This, coupled with Harris aligning her fiscal policies with the more regulatory-focused wing of the Democratic party represented by Senator Elizabeth Warren, could create a challenging environment for institutional adoption of digital assets.
Such a regulatory climate could stifle innovation and growth in the sector and create challenges for broader crypto market development.
🔘 However, there is a bright side for Bitcoin enthusiasts.
VanEck suggested that a Harris presidency could, paradoxically, be more beneficial for Bitcoin than a Trump administration.
The firm argued that structural issues that have potentially flared up under Harris, such as increased fiscal spending and regulatory tightening, could drive more investors to Bitcoin as a hedge against economic uncertainty and inflation.
This could increase Bitcoin’s appeal and competitiveness over other digital assets.
On the other hand, VanEck’s analysis suggested that the crypto industry as a whole could benefit more from a second Trump term.
A Trump presidency would bring more deregulation and business-friendly policies that could favor crypto entrepreneurs in particular.
Under such an administration, the firm believes that the crypto ecosystem would experience less regulatory scrutiny and provide a more conducive environment for growth and innovation.
#DonaldTrump #btc #Bitcoin❗
$BTC $ETH $SOL
🔘 VanEck outlined a scenario in which a Harris presidency could see SEC Chairman Gary Gensler, known for his tough stance on crypto regulation, retained.
This, coupled with Harris aligning her fiscal policies with the more regulatory-focused wing of the Democratic party represented by Senator Elizabeth Warren, could create a challenging environment for institutional adoption of digital assets.
Such a regulatory climate could stifle innovation and growth in the sector and create challenges for broader crypto market development.
🔘 However, there is a bright side for Bitcoin enthusiasts.
VanEck suggested that a Harris presidency could, paradoxically, be more beneficial for Bitcoin than a Trump administration.
The firm argued that structural issues that have potentially flared up under Harris, such as increased fiscal spending and regulatory tightening, could drive more investors to Bitcoin as a hedge against economic uncertainty and inflation.
This could increase Bitcoin’s appeal and competitiveness over other digital assets.
On the other hand, VanEck’s analysis suggested that the crypto industry as a whole could benefit more from a second Trump term.
A Trump presidency would bring more deregulation and business-friendly policies that could favor crypto entrepreneurs in particular.
Under such an administration, the firm believes that the crypto ecosystem would experience less regulatory scrutiny and provide a more conducive environment for growth and innovation.
#DonaldTrump #btc #Bitcoin❗
$BTC $ETH $SOL
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Supreme Court of India’s YouTube Channel Promotes XRP Scam ❗️🔈❗️
The official YouTube channel of the Supreme Court of India was hacked on Friday. The channel, typically used to livestream Constitution Bench cases and address issues of public interest, was showing videos promoting a scam related to the cryptocurrency XRP. Following the breach, the channel was temporarily shut down in an attempt to resolve the issue.
The Supreme Court acknowledged the hack in a statement posted on its official website, stating:
“Services on the Supreme Court of India’s YouTube channel will be partially restored.” Later that day, the Court confirmed that its channel had been restored, stating: “The Supreme Court of India’s YouTube channel is live and open. Services on the Supreme Court’s YouTube channel have been restored.
The breach was reported in a statement titled “Brad Garlinghouse: Ripple Responds to SEC’s $2 Billion Fine! This became apparent when he went live on a video channel titled “XRP Price Prediction”. The video attempted to convince viewers that by sending Ripple XRP, they would receive twice the amount in return. Following the incident, Ripple CEO Brad Garlinghouse made the following comment on social media platform X:
Ripple and its executives will NEVER ask you to send us XRP. It is pathetic to watch scammers prey on and exploit innocent crypto users, and it is all too easy for social media platforms to allow it. Stop, notice, run – protect yourself.
#xrp #ripple #scam
The official YouTube channel of the Supreme Court of India was hacked on Friday. The channel, typically used to livestream Constitution Bench cases and address issues of public interest, was showing videos promoting a scam related to the cryptocurrency XRP. Following the breach, the channel was temporarily shut down in an attempt to resolve the issue.
The Supreme Court acknowledged the hack in a statement posted on its official website, stating:
“Services on the Supreme Court of India’s YouTube channel will be partially restored.” Later that day, the Court confirmed that its channel had been restored, stating: “The Supreme Court of India’s YouTube channel is live and open. Services on the Supreme Court’s YouTube channel have been restored.
The breach was reported in a statement titled “Brad Garlinghouse: Ripple Responds to SEC’s $2 Billion Fine! This became apparent when he went live on a video channel titled “XRP Price Prediction”. The video attempted to convince viewers that by sending Ripple XRP, they would receive twice the amount in return. Following the incident, Ripple CEO Brad Garlinghouse made the following comment on social media platform X:
Ripple and its executives will NEVER ask you to send us XRP. It is pathetic to watch scammers prey on and exploit innocent crypto users, and it is all too easy for social media platforms to allow it. Stop, notice, run – protect yourself.
#xrp #ripple #scam
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Analyst Claims XRP Could Be the Tesla of Crypto‼️
According to prominent market analyst Matt Hughes, XRP has the potential to be the cryptocurrency equivalent of Tesla’s stock performance.
Hughes made this bold comparison in a recent post about X, drawing parallels to a period marked by significant growth for TSLA.
In the comment, Hughes shared a chart juxtaposing Tesla’s historical growth with XRP’s current position, hinting that the latter could be on the verge of experiencing a similar value explosion.
🔘 XRP Price If TSLA Follows Its Path
Hughes’ suggestion that XRP is likely the TSLA of cryptos from the 2010s is attempting to highlight that while XRP is currently underperforming the market, it could be preparing for a major rally that could send it to a new all-time high.
Notably, XRP is trading around $0.5831 today. The analyst sees this current level as the low point before XRP potentially surges to a new all-time high in the next few years, as observed with TSLA.
Notably, a similar 2,857 price increase from XRP’s current point would send the asset above $17
#xrp #ripple #tesla
$USDC $SOL $BNB
According to prominent market analyst Matt Hughes, XRP has the potential to be the cryptocurrency equivalent of Tesla’s stock performance.
Hughes made this bold comparison in a recent post about X, drawing parallels to a period marked by significant growth for TSLA.
In the comment, Hughes shared a chart juxtaposing Tesla’s historical growth with XRP’s current position, hinting that the latter could be on the verge of experiencing a similar value explosion.
🔘 XRP Price If TSLA Follows Its Path
Hughes’ suggestion that XRP is likely the TSLA of cryptos from the 2010s is attempting to highlight that while XRP is currently underperforming the market, it could be preparing for a major rally that could send it to a new all-time high.
Notably, XRP is trading around $0.5831 today. The analyst sees this current level as the low point before XRP potentially surges to a new all-time high in the next few years, as observed with TSLA.
Notably, a similar 2,857 price increase from XRP’s current point would send the asset above $17
#xrp #ripple #tesla
$USDC $SOL $BNB
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‼️Bitcoin, Ethereum Spot ETFs See Strong Inflows, No Outflows on September 20‼️
🔘 Spot On Chain noted in its recent X posts that the inclusion of $99 million in Bitcoin ETFs indicated significant inflows. In this regard, seven out of 11 Bitcoin ETFs added inflows. However, the rest of the four ETFs had no inflows at all. In terms of individual inflows, Fidelity ($FBTC) led the way with the inclusion of $26.1 million.
However, ARK 21Shares ($ARKB) added as much as $22 million. Additionally, Bitwise’s ($BITB) inflows reached $15.1 million. Grayscale Mini ($BTC) included $13.4 million inflows. Moreover, VanEck ($HODL) recorded inflows worth $7.1 million. Valkyrie ($BRRR) touched $5.2 million in net inflows. Invesco ($BTCO) saw the least inflows, adding just $3.1 million. With $92 million, Bitcoin ETFs saw a staggering $397 million in weekly inflows. This represents four out of five trading days for the week.
🔘 On the other hand, Ethereum ETFs stood relatively lower when it came to inflows. Cumulative inflows for Ethereum ETFs were just $2.9 million on September 21. In this regard, only one out of the nine Ethereum ETFs saw inflows. Grayscale Mini ($ETH) added $2.9 million, but none of the other ETFs saw any inflows.
On a slightly broader scale, Ethereum ETFs had a tight week. Cumulatively, $26.2 million left Ethereum ETFs in weekly outflows. Over the seven days, only two out of five trading days witnessed inflows, indicating cautious investor behavior.
Overall, large inflows into Bitcoin ETFs indicate resilient investor interest in the major crypto asset. However, despite Ethereum’s resilient presence and growing adoption in the DeFi sector, recent outflows could be a result of market competition and increased regulatory scrutiny.
🔘 Spot On Chain noted in its recent X posts that the inclusion of $99 million in Bitcoin ETFs indicated significant inflows. In this regard, seven out of 11 Bitcoin ETFs added inflows. However, the rest of the four ETFs had no inflows at all. In terms of individual inflows, Fidelity ($FBTC) led the way with the inclusion of $26.1 million.
However, ARK 21Shares ($ARKB) added as much as $22 million. Additionally, Bitwise’s ($BITB) inflows reached $15.1 million. Grayscale Mini ($BTC) included $13.4 million inflows. Moreover, VanEck ($HODL) recorded inflows worth $7.1 million. Valkyrie ($BRRR) touched $5.2 million in net inflows. Invesco ($BTCO) saw the least inflows, adding just $3.1 million. With $92 million, Bitcoin ETFs saw a staggering $397 million in weekly inflows. This represents four out of five trading days for the week.
🔘 On the other hand, Ethereum ETFs stood relatively lower when it came to inflows. Cumulative inflows for Ethereum ETFs were just $2.9 million on September 21. In this regard, only one out of the nine Ethereum ETFs saw inflows. Grayscale Mini ($ETH) added $2.9 million, but none of the other ETFs saw any inflows.
On a slightly broader scale, Ethereum ETFs had a tight week. Cumulatively, $26.2 million left Ethereum ETFs in weekly outflows. Over the seven days, only two out of five trading days witnessed inflows, indicating cautious investor behavior.
Overall, large inflows into Bitcoin ETFs indicate resilient investor interest in the major crypto asset. However, despite Ethereum’s resilient presence and growing adoption in the DeFi sector, recent outflows could be a result of market competition and increased regulatory scrutiny.
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METIS ANNOUNCES CHAINLINK’S CCIP INTEGRATION TO EASILY EASILY USE DEVELOPERS ‼️
#chainlink
Metis, an Ethereum-focused L2 scaling solution, recently integrated Chainlink’s Cross-Chain Interoperability Protocol. According to Metis, the collaboration aims to expand the range of dApps that developers can build on the Metis platform and open up exclusive opportunities related to cross-chain functionality. The platform took to social media to provide details of this development.
Metis Integrates Chainlink’s CCIP to Allow Developers to Leverage Several Specific Use Cases
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Decentralized Finance Revolution: Leading DeFi Platforms Reshaping the Financial Landscape ❕❕❕📌
🔘Compound Finance (COMP): Pioneering Algorithmic Interest Rates It is very important to note that Compound Finance is now one of the core projects of the Decentralized finance lending market. It applies an algorithmic method to determine interest rates for the use of existing funds by increasing or decreasing rates depending on the available supply of funds.
🔘MakerDAO (MKR): Stability in Volatile Markets
MakerDAO has gained recognition for its stability-focused approach to decentralized finance lending. DAI, a stablecoin pegged to the value of the US dollar, is natively integrated into the platform and offers a stable currency for loans and collateral. This stability mechanism has attracted users who want consistent results in the highly unpredictable cryptocurrency markets, thus making MakerDAO a favorite among conservative traders.
🔘Aave (AAVE): Innovation with Flash Loans
Aave has differentiated itself by offering a relatively new concept in the decentralized finance space, the flash loan. Such uncollateralized loans, which can only be repaid within a single transaction block, have created new opportunities for arbitrage and refinancing. Such strategies have made Aave a go-to platform for users looking to leverage complex DeFi techniques.
🔘Synthetix (SNX): Synthetic Assets Expand Possibilities One of the few lending platforms in the DeFi space, Synthetix, is targeting synthetic assets and thus occupying its specific segment. These digital representations of real-world assets allow users to invest in a multitude of markets without having to own physical assets. This has expanded lending in DeFi, attracting users looking for a variety of investment avenues outside of leading cryptocurrencies.
🔘Compound Finance (COMP): Pioneering Algorithmic Interest Rates It is very important to note that Compound Finance is now one of the core projects of the Decentralized finance lending market. It applies an algorithmic method to determine interest rates for the use of existing funds by increasing or decreasing rates depending on the available supply of funds.
🔘MakerDAO (MKR): Stability in Volatile Markets
MakerDAO has gained recognition for its stability-focused approach to decentralized finance lending. DAI, a stablecoin pegged to the value of the US dollar, is natively integrated into the platform and offers a stable currency for loans and collateral. This stability mechanism has attracted users who want consistent results in the highly unpredictable cryptocurrency markets, thus making MakerDAO a favorite among conservative traders.
🔘Aave (AAVE): Innovation with Flash Loans
Aave has differentiated itself by offering a relatively new concept in the decentralized finance space, the flash loan. Such uncollateralized loans, which can only be repaid within a single transaction block, have created new opportunities for arbitrage and refinancing. Such strategies have made Aave a go-to platform for users looking to leverage complex DeFi techniques.
🔘Synthetix (SNX): Synthetic Assets Expand Possibilities One of the few lending platforms in the DeFi space, Synthetix, is targeting synthetic assets and thus occupying its specific segment. These digital representations of real-world assets allow users to invest in a multitude of markets without having to own physical assets. This has expanded lending in DeFi, attracting users looking for a variety of investment avenues outside of leading cryptocurrencies.
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‼️ Bank of New York Mellon, the largest depository bank in the US, has been granted an exemption from a controversial SEC rule that could have provided oversight of Bitcoin. ‼️$BTC
Corporate oversight of Bitcoin and cryptocurrencies in the US has taken a step forward as BNY Mellon has reportedly been granted permission to operate outside of Staff Accounting Bulletin No. 121, also known as SAB 121.
The Securities and Exchange Commission’s SAB 121 recommended that entities holding client crypto should report such holdings as corporate liabilities. SAB 121 also required financial services providers to disclose the type of crypto being hedged and the valuation that accompanies it.
US lawmakers in the House of Representatives initially repealed the SEC’s policy, but the White House under incumbent President Joe Biden signed the bill into law.
BNY Mellon’s securing an exemption from SAB 121 requirements could pave the way for major U.S. banks to store customers’ Bitcoin and cryptocurrencies. Michael Saylor, founder of MicroStrategy, the world’s largest institutional BTC holder, said one or more mainstream banks could soon get the green light to store crypto.
Such a development could signal a softening of the U.S. federal crackdown on crypto. For years, industry advocates have criticized U.S. authorities for “Operation Choke Point 2.0,” a multi-regulatory agenda to drive crypto out of the traditional financial system.
The ability of BNY Mellon and other banks to store Bitcoin could also boost BTC’s spot price. Saylor has previously suggested that bank custody of BTC is the last of three catalysts needed to push Bitcoin above $5 million per coin.
#michaelsaylor #Bitcoin❗ #xrp
Corporate oversight of Bitcoin and cryptocurrencies in the US has taken a step forward as BNY Mellon has reportedly been granted permission to operate outside of Staff Accounting Bulletin No. 121, also known as SAB 121.
The Securities and Exchange Commission’s SAB 121 recommended that entities holding client crypto should report such holdings as corporate liabilities. SAB 121 also required financial services providers to disclose the type of crypto being hedged and the valuation that accompanies it.
US lawmakers in the House of Representatives initially repealed the SEC’s policy, but the White House under incumbent President Joe Biden signed the bill into law.
BNY Mellon’s securing an exemption from SAB 121 requirements could pave the way for major U.S. banks to store customers’ Bitcoin and cryptocurrencies. Michael Saylor, founder of MicroStrategy, the world’s largest institutional BTC holder, said one or more mainstream banks could soon get the green light to store crypto.
Such a development could signal a softening of the U.S. federal crackdown on crypto. For years, industry advocates have criticized U.S. authorities for “Operation Choke Point 2.0,” a multi-regulatory agenda to drive crypto out of the traditional financial system.
The ability of BNY Mellon and other banks to store Bitcoin could also boost BTC’s spot price. Saylor has previously suggested that bank custody of BTC is the last of three catalysts needed to push Bitcoin above $5 million per coin.
#michaelsaylor #Bitcoin❗ #xrp
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Fidelity added 5K Bitcoin last week, now holds about 1% of all BTC ‼️🔈 $BTC
🔘According to data from Arkham Intelligence, Fidelity has been quietly accumulating Bitcoin over the past week, purchasing over 5,000 BTC. This strategic purchase brings the total Bitcoin holdings of the Fidelity exchange-traded fund (FBTC) to over 176,000 BTC.
Fidelity has been buying Bitcoin non-stop for the past 2 weeks.
🔘Based on data from Bitbo Treasures Tracker, these holdings are worth about $11 billion at current market prices.
🔘Fidelity now controls about 1% of the total Bitcoin in circulation, solidifying its position as a major institutional player in the crypto space. The firm’s aggressive accumulation highlights the continued confidence in the asset following the Fed’s rate cut last Wednesday.
🔘Fidelity’s purchase comes as part of a broader trend among institutional investors to increase their exposure to Bitcoin, reinforcing the growing institutional demand for BTC.
🔘Likewise, MicroStrategy has been actively expanding its Bitcoin holdings over the past two weeks. The company recently purchased 7,420 BTC, bringing its total to approximately 252,220 BTC, worth $15 billion.
$ETH $BNB
🔘According to data from Arkham Intelligence, Fidelity has been quietly accumulating Bitcoin over the past week, purchasing over 5,000 BTC. This strategic purchase brings the total Bitcoin holdings of the Fidelity exchange-traded fund (FBTC) to over 176,000 BTC.
Fidelity has been buying Bitcoin non-stop for the past 2 weeks.
🔘Based on data from Bitbo Treasures Tracker, these holdings are worth about $11 billion at current market prices.
🔘Fidelity now controls about 1% of the total Bitcoin in circulation, solidifying its position as a major institutional player in the crypto space. The firm’s aggressive accumulation highlights the continued confidence in the asset following the Fed’s rate cut last Wednesday.
🔘Fidelity’s purchase comes as part of a broader trend among institutional investors to increase their exposure to Bitcoin, reinforcing the growing institutional demand for BTC.
🔘Likewise, MicroStrategy has been actively expanding its Bitcoin holdings over the past two weeks. The company recently purchased 7,420 BTC, bringing its total to approximately 252,220 BTC, worth $15 billion.
$ETH $BNB
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Michael Saylor Breaks Silence on BlackRock Bitcoin Whitepaper ‼️💭$BTC
📌MicroStrategy Founder and Chairman Michael Saylor has finally commented on a recently released Bitcoin Whitepaper from BlackRock. Saylor’s comments come after popular figures like Bloomberg’s Senior ETF Analyst Eric Balchunas shed light on the BlackRock Bitcoin whitepaper.
📌Michael Saylor’s Support for BlackRock Bitcoin Whitepaper
“For investors,#Bitcoinis a unique diversifier,” Saylor said, referring to the Bitcoin whitepaper as an excellent piece of research that articulates the value of Bitcoin and dispels popular misconceptions.
📌As U.Today previously reported, MicroStrategy currently owns 1.17% of all Bitcoin. It has steadily increased its Bitcoin holdings, which are larger than most Exchange Traded Funds (ETFs) in the market.
📌BlackRock’s Bitcoin whitepaper details
BlackRock’s Bitcoin whitepaper, “Bitcoin: A Unique Diversifier,” provides an in-depth analysis of Bitcoin’s journey to a $1 trillion market cap. The nine-page document notes that investors’ appeal to Bitcoin lies in its detachment from traditional risk and return drivers.
📌In addition, it shows that Bitcoin has outperformed all major asset classes in seven of the last ten years, delivering an annualized return of almost 100%. This performance was achieved despite Bitcoin being the worst performer in three of these years, according to BlackRock. Notably, Bitcoin has experienced four declines exceeding 50%.
📌The whitepaper also highlights that geopolitical, financial, and monetary stability concerns will likely impact Bitcoin’s adoption trajectory.
$ETH $BNB
📌MicroStrategy Founder and Chairman Michael Saylor has finally commented on a recently released Bitcoin Whitepaper from BlackRock. Saylor’s comments come after popular figures like Bloomberg’s Senior ETF Analyst Eric Balchunas shed light on the BlackRock Bitcoin whitepaper.
📌Michael Saylor’s Support for BlackRock Bitcoin Whitepaper
“For investors,#Bitcoinis a unique diversifier,” Saylor said, referring to the Bitcoin whitepaper as an excellent piece of research that articulates the value of Bitcoin and dispels popular misconceptions.
📌As U.Today previously reported, MicroStrategy currently owns 1.17% of all Bitcoin. It has steadily increased its Bitcoin holdings, which are larger than most Exchange Traded Funds (ETFs) in the market.
📌BlackRock’s Bitcoin whitepaper details
BlackRock’s Bitcoin whitepaper, “Bitcoin: A Unique Diversifier,” provides an in-depth analysis of Bitcoin’s journey to a $1 trillion market cap. The nine-page document notes that investors’ appeal to Bitcoin lies in its detachment from traditional risk and return drivers.
📌In addition, it shows that Bitcoin has outperformed all major asset classes in seven of the last ten years, delivering an annualized return of almost 100%. This performance was achieved despite Bitcoin being the worst performer in three of these years, according to BlackRock. Notably, Bitcoin has experienced four declines exceeding 50%.
📌The whitepaper also highlights that geopolitical, financial, and monetary stability concerns will likely impact Bitcoin’s adoption trajectory.
$ETH $BNB
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Bitcoin Miner Wallets Reactivated After Over 15 Years ‼️$BTC
Several Bitcoin Miner Wallets from 2009 have become active after 15 years of inactivity
The reactivation of Bitcoin miner wallets dating back to 2009 sparked significant interest in the cryptocurrency industry on Friday.
The wallets, which had been inactive for 15 years, contain 250 BTC, representing a current value of approximately $15.9 million.
According to on-chain data from Lookonchain, five wallets from 2009, each containing 50 BTC, were reactivated within an hour
The crypto funds from these Bitcoin miner wallets were released shortly after the Bitcoin blockchain was launched on January 3, 2009.
Blockchain analysis shows that one wallet received its mining reward on January 29, 2009, while three others were rewarded on January 31, and the final wallet received its reward on February 2, 2009 — all before the first Bitcoin halving in 2012.
At the time, the reward for mining a block was 50 BTC, significantly higher than the current reward of 3,125 BTC.
When these coins were mined, they were worth little to nothing. However, Bitcoin’s dramatic price increase over the past decade has turned them into significant fortunes.
The reactivation of these wallets has attracted attention due to their long dormancy and potential connections to early Bitcoin adopters.
As news of the reactivation spread, the crypto community began speculating about the wallet owners.
Some have suggested that these wallets may belong to Bitcoin’s pseudonymous creator, Satoshi Nakamoto, or to early contributors like Hal Finney, who received the first Bitcoin transaction from Nakamoto on January 12, 2009.
Others have suggested more mundane explanations, assuming someone rediscovered an old hard drive and stumbled upon a hidden fortune
$ETH $BNB
Several Bitcoin Miner Wallets from 2009 have become active after 15 years of inactivity
The reactivation of Bitcoin miner wallets dating back to 2009 sparked significant interest in the cryptocurrency industry on Friday.
The wallets, which had been inactive for 15 years, contain 250 BTC, representing a current value of approximately $15.9 million.
According to on-chain data from Lookonchain, five wallets from 2009, each containing 50 BTC, were reactivated within an hour
The crypto funds from these Bitcoin miner wallets were released shortly after the Bitcoin blockchain was launched on January 3, 2009.
Blockchain analysis shows that one wallet received its mining reward on January 29, 2009, while three others were rewarded on January 31, and the final wallet received its reward on February 2, 2009 — all before the first Bitcoin halving in 2012.
At the time, the reward for mining a block was 50 BTC, significantly higher than the current reward of 3,125 BTC.
When these coins were mined, they were worth little to nothing. However, Bitcoin’s dramatic price increase over the past decade has turned them into significant fortunes.
The reactivation of these wallets has attracted attention due to their long dormancy and potential connections to early Bitcoin adopters.
As news of the reactivation spread, the crypto community began speculating about the wallet owners.
Some have suggested that these wallets may belong to Bitcoin’s pseudonymous creator, Satoshi Nakamoto, or to early contributors like Hal Finney, who received the first Bitcoin transaction from Nakamoto on January 12, 2009.
Others have suggested more mundane explanations, assuming someone rediscovered an old hard drive and stumbled upon a hidden fortune
$ETH $BNB
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Cardano Founder Warns Trump’s World Liberty Financial Could Politicize the Industry 📌📌📌
Charles Hoskinson is raising concerns about World Liberty Financial, arguing that Trump’s involvement could lead to political scrutiny and regulatory investigations affecting the crypto industry.
Cardano founder Charles Hoskinson warned on Friday that Donald Trump’s newly launched crypto platform World Liberty Financial could face serious political and regulatory challenges.
He highlighted the potential for investigations by agencies such as the Department of Justice (DoJ) and the SEC, highlighting the risk of politicizing the entire crypto industry.
🔘Trump’s Crypto Platform Could Spark Political Polarization
In an interview with the Financial Times on September 20, Hoskinson sounded the alarm about the launch of Trump’s World Liberty Financial, a new decentralized finance (DeFi) platform backed by Donald Trump Jr. and Eric Trump.
Hoskinson described the launch of this platform as potentially “scary” for the crypto industry and highlighted the risks associated with political polarization.
Political polarization is the increasing division and sharp differences in political beliefs, values, and ideologies between groups, often leading to extreme positions and a lack of consensus.
In this context, Hoskinson explained that Trump’s crypto platform, which is considered a decentralized finance (DeFi) application, could create challenges for the industry as everything Trump does is perceived to attract major opposition from political actors and parties.
Detailing the effects of such a politicized environment, the Cardano founder warned that Democrats could attempt to weaponize government institutions to slow down and harm Trump.
#cardona #adacoin #DonaldTrump
$BTC $USDC $SOL
Charles Hoskinson is raising concerns about World Liberty Financial, arguing that Trump’s involvement could lead to political scrutiny and regulatory investigations affecting the crypto industry.
Cardano founder Charles Hoskinson warned on Friday that Donald Trump’s newly launched crypto platform World Liberty Financial could face serious political and regulatory challenges.
He highlighted the potential for investigations by agencies such as the Department of Justice (DoJ) and the SEC, highlighting the risk of politicizing the entire crypto industry.
🔘Trump’s Crypto Platform Could Spark Political Polarization
In an interview with the Financial Times on September 20, Hoskinson sounded the alarm about the launch of Trump’s World Liberty Financial, a new decentralized finance (DeFi) platform backed by Donald Trump Jr. and Eric Trump.
Hoskinson described the launch of this platform as potentially “scary” for the crypto industry and highlighted the risks associated with political polarization.
Political polarization is the increasing division and sharp differences in political beliefs, values, and ideologies between groups, often leading to extreme positions and a lack of consensus.
In this context, Hoskinson explained that Trump’s crypto platform, which is considered a decentralized finance (DeFi) application, could create challenges for the industry as everything Trump does is perceived to attract major opposition from political actors and parties.
Detailing the effects of such a politicized environment, the Cardano founder warned that Democrats could attempt to weaponize government institutions to slow down and harm Trump.
#cardona #adacoin #DonaldTrump
$BTC $USDC $SOL
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Congressman Rich McCormick Calls on the US to Help Detained Binance Executive Tigran Gambaryan ❗️❕
Congressman Rich McCormick Calls for the Release of Detained Binance Executive Tigran Gambaryan
Congressman Rich McCormick (R-GA) called on the US State Department on Wednesday to intervene in the release of Binance executive Tigran Gambaryan, who has been detained by Nigerian authorities since February of this year.
McCormick described Gambaryan as a “hostage” during a hearing held by the House Committee on Foreign Affairs and stressed the need for urgent action to secure his release.
🔘US Lawmakers Demand Action to Release Binance Executive
During the hearing, McCormick questioned Deputy Secretary of State Kurt Campbell on why the US government has not yet secured Gambaryan’s freedom
Gambian, who traveled to Nigeria for crypto policy discussions, was detained and has since been charged with money laundering.
Rich McCormick noted that Gambaryan meets most of the conditions set forth in the Robert Levinson Hostage Rescue and Hostage Taking Accountability Act, but remains in prison.
“We very, very much want to resolve this, and it is a real concern,” Campbell responded, acknowledging ongoing diplomatic efforts.
#abd #BinanceHerYerde #Binance #ceo $BTC $BNB $ETH
Congressman Rich McCormick Calls for the Release of Detained Binance Executive Tigran Gambaryan
Congressman Rich McCormick (R-GA) called on the US State Department on Wednesday to intervene in the release of Binance executive Tigran Gambaryan, who has been detained by Nigerian authorities since February of this year.
McCormick described Gambaryan as a “hostage” during a hearing held by the House Committee on Foreign Affairs and stressed the need for urgent action to secure his release.
🔘US Lawmakers Demand Action to Release Binance Executive
During the hearing, McCormick questioned Deputy Secretary of State Kurt Campbell on why the US government has not yet secured Gambaryan’s freedom
Gambian, who traveled to Nigeria for crypto policy discussions, was detained and has since been charged with money laundering.
Rich McCormick noted that Gambaryan meets most of the conditions set forth in the Robert Levinson Hostage Rescue and Hostage Taking Accountability Act, but remains in prison.
“We very, very much want to resolve this, and it is a real concern,” Campbell responded, acknowledging ongoing diplomatic efforts.
#abd #BinanceHerYerde #Binance #ceo $BTC $BNB $ETH
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🔈Massive XRP Transfer from Ripple❗️
Ripple transferred 100 million XRP tokens worth approximately $57.9 million to an unknown wallet on September 18, amid increased regulatory scrutiny
The fact that this large transfer occurred amid increased regulatory scrutiny has drawn the attention of market watchers and analysts.
Details of Ripple’s Transfer and Subsequent Transactions
According to Whale Alert, the source of the transfer was an address affiliated with Ripple.
Shortly after the initial transfer, 19.957 million XRP was transferred to another Ripple wallet
The funds were then sent to various exchanges. The largest portion (19.7 million XRP) was sent to Bitso, while 257,000 XRP was sent to Bitstamp.
The transfer of such a large amount of XRP is noteworthy, considering Ripple’s ongoing legal troubles.
The SEC has filed a lawsuit against Ripple for selling unregistered securities, and the appeal deadline is approaching.
Ripple was granted permission to withhold $125 million in payments until the October 6th deadline.
Some analysts believe that the XRP transfer could be part of Ripple’s legal strategy.
Others are concerned about a potential sale, as some of the transferred XRP is on exchanges.
#ripple #XRP🚀 #SEC.
$BTC $ETH $BNB
Ripple transferred 100 million XRP tokens worth approximately $57.9 million to an unknown wallet on September 18, amid increased regulatory scrutiny
The fact that this large transfer occurred amid increased regulatory scrutiny has drawn the attention of market watchers and analysts.
Details of Ripple’s Transfer and Subsequent Transactions
According to Whale Alert, the source of the transfer was an address affiliated with Ripple.
Shortly after the initial transfer, 19.957 million XRP was transferred to another Ripple wallet
The funds were then sent to various exchanges. The largest portion (19.7 million XRP) was sent to Bitso, while 257,000 XRP was sent to Bitstamp.
The transfer of such a large amount of XRP is noteworthy, considering Ripple’s ongoing legal troubles.
The SEC has filed a lawsuit against Ripple for selling unregistered securities, and the appeal deadline is approaching.
Ripple was granted permission to withhold $125 million in payments until the October 6th deadline.
Some analysts believe that the XRP transfer could be part of Ripple’s legal strategy.
Others are concerned about a potential sale, as some of the transferred XRP is on exchanges.
#ripple #XRP🚀 #SEC.
$BTC $ETH $BNB
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🇩🇪Germany Strikes Blow to 47 Cryptocurrency Exchanges‼️
German authorities announced on Wednesday that 47 trading platforms said to be used for illegal activities have been shut down. These platforms trade both traditional currencies and cryptocurrencies.
Authorities accuse the administrators of the recently closed exchanges of concealing the illicit sources of large amounts of money. The exchanges allegedly failed to comply with anti-money laundering laws.
Criminals Launder Money Through Anonymous Crypto Platforms
These platforms allegedly allowed transactions without registration or identity verification. According to the authorities, the aim of these platforms was to enable fast, easy and anonymous transactions between cryptocurrencies and digital currencies and to hide the source of the money.
According to the authorities, the clients of these platforms include ransomware groups, darknet vendors and botnet operators. They used these platforms to pay ransom and transfer money they obtained from crimes into the financial system so they could spend the money they obtained illegally.
#almanya #CryptoNewss #Bitcoin❗
$BTC $BNB $SOL
German authorities announced on Wednesday that 47 trading platforms said to be used for illegal activities have been shut down. These platforms trade both traditional currencies and cryptocurrencies.
Authorities accuse the administrators of the recently closed exchanges of concealing the illicit sources of large amounts of money. The exchanges allegedly failed to comply with anti-money laundering laws.
Criminals Launder Money Through Anonymous Crypto Platforms
These platforms allegedly allowed transactions without registration or identity verification. According to the authorities, the aim of these platforms was to enable fast, easy and anonymous transactions between cryptocurrencies and digital currencies and to hide the source of the money.
According to the authorities, the clients of these platforms include ransomware groups, darknet vendors and botnet operators. They used these platforms to pay ransom and transfer money they obtained from crimes into the financial system so they could spend the money they obtained illegally.
#almanya #CryptoNewss #Bitcoin❗
$BTC $BNB $SOL
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🇺🇸Bitcoin Step from Louisiana, USA
🔘The US state of Louisiana has become the first US state to accept cryptocurrency payments for government business. State residents can now pay with Bitcoin, Bitcoin Lightning, and USD Coin. $BTC $USDC
🔘These payments are converted to US dollars via Bead Pay, minimizing volatility risks. The first transaction was made with the Department of Wildlife and Fisheries
🔘This initiative offers state residents more payment options, increases security, and reduces fraud
🔘The state of Louisiana is increasing the use cases of cryptocurrency by accepting Bitcoin payments for public services. This could increase investor confidence and contribute to Bitcoin's price increase.
#abd #BTC☀ #BinanceHerYerde
🔘The US state of Louisiana has become the first US state to accept cryptocurrency payments for government business. State residents can now pay with Bitcoin, Bitcoin Lightning, and USD Coin. $BTC $USDC
🔘These payments are converted to US dollars via Bead Pay, minimizing volatility risks. The first transaction was made with the Department of Wildlife and Fisheries
🔘This initiative offers state residents more payment options, increases security, and reduces fraud
🔘The state of Louisiana is increasing the use cases of cryptocurrency by accepting Bitcoin payments for public services. This could increase investor confidence and contribute to Bitcoin's price increase.
#abd #BTC☀ #BinanceHerYerde