Justin Sun, the founder of Tron, has confidently stated that his protocol is poised to become one of the top three cryptocurrencies. He believes TRX has significant potential to compete against leading coins like Bitcoin, Ethereum, and Binance Coin.
Sun noted that Tron has developed rapidly over the past seven years, evolving from an ambitious goal to a data-driven forecast. He highlighted the growing user base and demand for Tron, suggesting that TRX could reach the top three by 2025.
Currently, Tron ranks as the second largest stablecoin network, boasting a USDT reserve of $59.8 billion and a total locked value (TVL) of $8.04 billion in decentralized finance (DeFi). Additionally, the ecosystem is gaining traction in the memecoin market, particularly following the launch of Sun Pump, attracting developers and investors seeking quick returns.
#KIP #KIPprotocol #CryptoDeNostradame #ParrotBambooCrypto
MicroStrategy Raises $1.01B to Fuel Bitcoin Purchases and Debt Repayment
MicroStrategy has successfully raised $1.01 billion through a convertible senior note offering, continuing its bold strategy of acquiring Bitcoin. Led by Michael Saylor, the company plans to use the proceeds primarily to purchase more Bitcoin and redeem $500 million in secured notes, freeing up 69,080 BTC held as collateral. This latest funding round, completed on September 19, 2024, offers investors notes with a 0.625% interest rate, maturing in 2028, with an option to convert into cash or MicroStrategy stock.
As of September 2024, MicroStrategy holds 244,800 BTC, having purchased 18,300 BTC between August and September at an average price of $60,408 per coin. Saylor's aggressive Bitcoin acquisition strategy has yielded a 4.4% return for the quarter and 17% for the year, positioning the company as a major player in the cryptocurrency market.
4o
BingX Loses $43M in Hot Wallet Hack, Promises Compensation to Users
On September 20, 2024, hackers breached the hot wallet of BingX, a cryptocurrency exchange based in Singapore, and stole approximately $43 million in digital assets. Security firm PeckShield confirmed the amount, emphasizing the seriousness of the attack. In response, BingX's technical team quickly transferred assets to safer cold wallets and paused all withdrawals to prevent further losses.
Despite the breach, BingX assured users that most of its assets remain secure in cold storage, with only a small portion affected. The exchange plans to compensate users impacted by the theft and expects to resume withdrawals within the next 24 hours. This incident underscores the ongoing security challenges facing crypto platforms, but BingX's swift action demonstrates its dedication to safeguarding user funds.
Ethereum's Pectra Upgrade to Be Split into Two Forks for Timely Implementation
Ethereum's upcoming upgrade, Pectra, will be divided into two stages to implement over 20 Ethereum Improvement Proposals (EIPs) without delays. After the developers' meeting on September 19, 2024, the decision was made to split the upgrade into two forks: Pectra 1 and Pectra 2. Alex Stokes, a researcher at the Ethereum Foundation, led the call that resulted in the division. Pectra 1 will focus on eight EIPs currently undergoing testing, while Pectra 2 will address 12 other EIPs, including the highly anticipated PeerDAS and EOF.
Pectra 1 will introduce Verkle Trees, reducing the burden on validators by decreasing node data storage. Additionally, EIP-7702 will bring "smart account" features, allowing batch transactions and better security for external wallets. Pectra 2 will focus on enhancing Layer 2 scalability with PeerDAS and improving Ethereumâs Virtual Machine (EVM) for faster smart contract execution. This two-stage approach will allow Ethereum to deliver timely improvements, enhancing scalability, security, and interoperability across both Layer 1 and Layer 2 applications.
Hi Guys,
It's Big & Big #alert About $AAVE To $200 !!!
{future}(AAVEUSDT)
AAVE attempts to break THIS resistance again: Will it reach $200 by year-end?
To confirm a breakout from the 800-day range, the price needs to stay above $154 for an extended period.
Aave [AAVE]Â is thriving in the current market environment, outperforming many other crypto assets as the market recovers from the dip on August 5th.
Aaveâs price continues to rise steadily, and recent price action saw it trading above $154, a key resistance level.
To confirm a breakout from the 800-day range, the price needs to stay above this level for an extended period. The weekly chart shows Aave approaching this resistance level for the second time, backed by bullish momentum.
The Wave Trend Momentum Oscillator (WTMO) signals strong upward momentum, increasing the likelihood of breaking this resistance.
If Aave continues forming higher highs and higher lows, a break and retest could solidify the $200 target as the next key level in the mid-term.
However, staying above the $154 level is crucial for this upward momentum to continue, supported by the WTMO showing strong momentum to push prices higher.
Aaveâs growing adoption driving price higher
Aaveâs success is not just seen in its price action; its Total Value Locked (TVL) has been steadily rising since the beginning of the year.
Although it stagnated between April and July, Aaveâs TVL is now rallying again.
Currently, the TVL stands at $19.6 billion, while the total amount borrowed through Aaveâs protocol has reached $7.748 billion.
This strong growth highlights Aaveâs position as a major player in the DeFi space.
The rising TVL and borrowed assets reflect increasing adoption and trust in Aave, which adds further confluence to the idea that its price may reach $200 before the year ends.
#DODOEmpowersMemeIssuance #CATIonBinance #Write2Earn!
Binanceâs Staking Services
Binance offers a variety of staking services, allowing users to earn rewards by participating in the network security and governance of various blockchain projects. Users can stake popular cryptocurrencies such as Ethereum, Cardano, and Polkadot, among others. Binanceâs staking platform provides competitive returns and a user-friendly interface, making it easy for users to participate in staking and earn passive income1.
Hi Guys,
It's Big & Big #alert About Cheap Coin From $SOL & $ADA
{future}(ADAUSDT)
{future}(SOLUSDT)
Cheap Alternative to Solana and Cardano That Will Make You 10 Times Richer by 2025, Presently Below $0.09
One of the primary reasons many people are attracted to Rexas Finance (RXS) remains its price, currently at about $0.04 which is below $0.09
With regards to investments, the global cryptocurrency market is in a rush as numerous investors are searching for their next âbig winâ.
Solana (SOL) and Cardano (ADA) are now more liked by investors because of their features like scaling and security, however, as prices pump, the smaller investors find it hard to
go in.
For just $0.04 under $0.1 at the moment, Rexas Finance (RXS) seems to be marketed as an affordable alternative to Solana and Cardano with promises of 10x returns by the year 2025.
Letâs further investigate what are the reasons behind the interest in Rexas Finance (RXS) and what makes it a potential
contender in the DeFi space in years to come.
The Rise of Rexas Finance (RXS)
The all-inclusive ecosystem of Rexas Finance (RXS) is raising its appeal within the DeFi landscape. This is because the relevant platform enables the provision of various services.
Users of the platform can both lend and borrow as well as take part in yield farming which enables them in both passive and active participation in the financial services of the future.
With every great task comes great rewards and Rexas Finance (RXS) pays off in this out.
The options provided offer such returns to the users, especially those that stake Rexas Finance (RXS) tokens, that they would want to stick longer with the platform.Â
Rexas Finance (RXS) and the DeFi Market
Rexas Finance (RXS)Â is extremely significant because it is engaged in decentralized finance (DeFi) services, which provide lending, borrowing, and trading services in a way that penetrates the traditional finance sphere.
With the growth of DeFi adoption, the need for safe and efficient solutions such as Rexas Finance increases.
#Write2Earn!
đșđž NEW: Bitcoin to Hit $200K by End of 2025, Says Standard Chartered Exec - Regardless of US Election Outcome.
According to the bank executive Geoff Kendrick, three factors are poised to drive the price of Bitcoin to new all-time highs in 2025, including the likely removal of SAB-121, a marginal uptick in inflation, and positive inflows into Bitcoin ETFs.
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Hi Guys,
It's Big & Big #alert About $TAO 40% Soars !!!
{future}(TAOUSDT)
Bittensor (TAO) Unstoppable Uptrend: Soars 40% As Experts Forecast Future Price Gains
Decentralized blockchain network Bittensor and its native token, TAO, have shown significant upward momentum over the past month, consistently outperforming major cryptocurrencies such as Bitcoin and Ethereum across all time frames.Â
Designed for decentralized finance (DeFi) applications, TAO has surged past the $400 mark, achieving nearly 45% gains in the last month alone and an impressive 695% increase year-to-date.
Analysts are optimistic about the tokenâs future potential, especially given that TAO reached an all-time high of $757 earlier this year.
Many market experts believe that TAO could approach this price level again before the year ends.
Keys Behind The Bittensor Price Rally
Technical analyst Altcoin Miyagi has commented on the recent price action, noting that Bittensor has quickly moved past liquidity zones and is nearing a key target of $450.
He anticipates a brief correction and some volatility before the price continues its ascent towards $600.Â
Miyagi also highlights the impending âartificial intelligence (AI) season,â which he believes will heighten investor interest in TAO and drive further price appreciation. This optimism is rooted in Bittensorâs goal to develop decentralized AI
production.
According to Bittensorâs official website, TAO is the decentralized currency that powers the production of AI within subnets.
These interconnected subnets facilitate profitable interactions, allowing different AI entities to share and enhance each otherâs capabilities.Â
Supporting this bullish outlook, analyst Dread Bongo emphasizes the transformative impact of AI on various sectors, noting that the pace of change is accelerating rapidly.Â
#DODOEmpowersMemeIssuance #CATIonBinance #BTCReboundsAfterFOMC #Write2Earn!
đŽ Concerning News
Why isnât my investment growing?
A woman recently questioned why her $28 in Binance wasnât increasing in value. She had been drawn to #Bitcoinâ but mistakenly assumed USDT, a stablecoin, would behave similarly. Itâs important to understand the distinctions between stablecoins, altcoins, and Bitcoin itself.
Stablecoins like USDT are engineered to maintain a steady value, so you shouldnât expect any growth from them.
Altcoins, which serve as alternatives to Bitcoin, are highly volatile and can swing dramatically in price.
Bitcoin is also notoriously unpredictable, offering both substantial gains and losses.
Other tokens, such as meme coins or NFTs, are equally subject to intense price fluctuations.
If your funds are in USDT, they wonât appreciate unless youâre participating in a specific program offering minimal rewards. Stablecoins are designed to hold their value, unlike other cryptocurrencies that can rise or fall significantly but come with greater risks.
Why did I lose money if I had $28 in Binance USDT but now only see $20 in my bank account?
When you conduct transactions on any platform, fees ranging from 0.1% to 10% are applied depending on the platform and the currency being exchanged. As a result, the amount you receive when converting to fiat (real-world money) will always be slightly less than your original amount.
These transaction fees fluctuate based on the platform and the type of asset being sold. Additionally, the person purchasing your coins may also apply a commission. This is a standard part of the cryptocurrency exchange processâso don't be alarmed. Itâs crucial to recognize that a small portion of your funds will inevitably be lost when converting to fiat, but this is a normal aspect of trading and doesnât indicate any wrongdoing.
#BTCReboundsAfterFOMC #USRetailSalesRise #TrumpFirstBTCUse #BinanceLaunchpoolHMSTR
Hi Guys,
It's Big & Big #alert About #WhalesBuying of $ETH Moving !!!
{future}(ETHUSDT)
Over 150,000 ETH Moved To Exchanges In The Last 24 Hours: Whatâs Next For Ethereum?
Ethereum is rising, adding a decent 5% on the last day and nearly 10% over the past trading week, according to CoinMarketCap data. As ETH shakes off weakness, breaking above the local resistanceâ now supportâ at around $2,400, confidence is high.
Over 150,000 ETH Moved To Exchanges
All the same, IntoTheBlock data on September 20 reveals that when prices rose, breaking above $2,400, all within the last 24 hours, more coins were moved to leading exchanges, including Binance and Coinbase.
According to the blockchain analytics platform, over 150,000 ETH were transferred to these platforms, a dent to bullish momentum and sentiment.
Typically, whenever coins are moved to exchanges, it could signal the intention of holders to sell.
This is because, on centralized ramps like Binance or Kraken, ETH is paired with other crypto assets like Solana or Bitcoin and with stablecoins such as USDT and fiat, including the USD or JPY.
Accordingly, when these assets hit these ramps, it is easier for holders to liquidate, convert the coin to other assets, or even cash out via fiat or stablecoin.
It is still determined whether the over 150,000 ETH sent to exchanges have been sold. All the same, the transfer is also a concern. This is especially true considering that the transfer is the largest to exchanges in over nine months.
Ethereum Breaking Higher, Whatâs Next?
At spot rates, Ethereum is breaking higher. The local support is at $2,400.
Moreover, buyers are in the driving seat following the confirmation of the September 13 bull bar. Although ETH bulls must close above $2,800 for trend definition, the short-term move supports bulls.
#CATIonBinance #Write2Earn! #etherreum
4 MONTH COMPLETELY WASTED.
Hamster Kombat has announced the implementation of an anti-cheat mechanism in response to malicious behavior observed on its platform. As the HMSTER token airdrop scheduled for September 26, 2024, approaches, the team clarified that it has introduced a penalty system aimed at penalizing users who bypass the gameâs rules. âItâs a reminder of the importance of doing things right,â the team stated in a statement posted on social media. In this announcement, they emphasize their commitment to protecting rule-abiding players. This decision comes after several users were suspected of employing bots or other automated tools to accumulate points without actually interacting with the game.
ââââThe Future of DODO: Empowering Meme Issuance and Beyondâââââââ
DODO, a pioneering decentralized trading platform, revolutionizes Web3 asset trading with its innovative Proactive Market Maker (PMM) algorithm. By providing efficient on-chain liquidity, competitive prices, and reduced impermanent loss, DODO empowers users.
â
ââââââDODO's Product Features and Unique Use Casesâââââââ
DODO's ecosystem boasts:
- DODO X: Super aggregator and cross-chain trading platform
- Liquidity Pools: Flexible and personalized liquidity management
- Mining: Self-initiated mining with customizable rewards
- Crowdpooling: Novel token distribution and market initiation method
- Token Creation: One-click token issuance across 16 mainnets
â
ââââââUnlocking Meme Sector Potentialâââââââ
DODO's one-click token issuance feature and upcoming Meme platform will likely drive traffic and adoption in the booming Meme sector. This seamless token creation process enables meme coin creators to issue and trade assets efficiently.
â
ââââââSupporting BTCFi Assets and Meme Coinsâââââââ
DODO's features:
- One-click token issuance
- Self-initiated mining
- Pegged Pool
will support the development of BTCFi assets and Meme coins by providing:
- Efficient liquidity management
- Personalized trading environments
- Incentivized liquidity provision
â
ââââââGrowth Potential and Competitive Advantageâââââââ
DODO's lower market cap, combined with backing from top institutions (Binance Labs, Pantera Capital, Coinbase Ventures), positions it for substantial growth. Strategic support fuels innovation, solidifying DODO's stance in decentralized finance.
â
#Dodo #DODOtokens
#DODOEmpowersMemeIssuance
*Satoshi Era' Wallets Move $16M in Bitcoin After 15 Years of Dormancy*
It is unclear if all these wallets belong to the same person or entity.
Over 250 BTC from the early days of bitcoin, known as the "Satoshi era," were transferred on Friday in five separate transactions, each moving 50 BTC to new wallets, with a total value close to $13 million.
As of press time, there hasnât been any movement from the new wallets to crypto exchanges.
This movement adds to previous instances where dormant bitcoin from the Satoshi era, including significant transactions in July and December last year.
Hundreds of bitcoin (BTC) acquired by mining them during the networkâs early stages were moved on Friday â joining the rare instances where bitcoin from the so-termed âSatoshi eraâ have been active.
Satoshi era refers commonly to the period when bitcoinâs pseudonymous creator, Satoshi Nakamoto, was active on online forums from late 2009 to 2011.
Over 250 BTC from that period, worth nearly $16 million at current prices, were moved within an hour during the European morning hours, on-chain tracker Whale Alerts flagged on X.
Each transaction was a batch of 50 BTC with the tokens being moved to new wallets.
Blockchain data shows these bitcoin were received as a block reward in 2009, just months after the network started. These wallets have shown no activity since then except for the movement on Friday.
$BTC
{future}(BTCUSDT)
Louisiana is embracing the future! đ In a bold move towards mainstream adoption, the state has introduced cryptocurrency as a payment option for official state services. đ Now, citizens can pay for a range of government transactions using their favorite digital assets! đ° This revolutionary step puts Louisiana at the forefront of the crypto wave, making things easier and more convenient for everyone. Get ready to pay your way â the future is here! đ„ #CryptoRevolution #Louisiana #DigitalPayments #BlockchainEra
đ DODO: Leading the Meme Coin Revolution! đ
DODO is shaking up the meme sector with its powerful features! From one-click token issuance to Pegged Pool and self-initiated mining, itâs empowering projects and boosting BTCFi and meme assets. đ As meme tokens surge, DODOâs multi-chain platform could bring massive traffic, backed by top institutions and a low market cap. đ„ This gives DODO the edge to unlock massive market potential and growth! Get ready to soar with DODO! đ #DODOEmpowersMemeIssuance