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Upbit Temporarily Halts NEAR Transactions Ahead of Network Upgrade
Due to an upcoming network upgrade, Upbit has temporarily suspended deposit and withdrawal services for NEAR Protocol.
Upbit, one of the leading global cryptocurrency exchanges, has temporarily suspended deposit and withdrawal services for NEAR Protocol (NEAR) due to an upcoming network upgrade.
This suspension, scheduled to begin on August 26, 2024, is a precautionary measure to ensure the safety and security of usersâ assets during the upgrade process.
While NEAR trading on the platform will continue uninterrupted, Upbit has advised users to avoid making any NEAR deposits during this period, as recovery may not be possible if issues arise.
NEAR Transactions Suspension and Network Upgrade
Upbit recently announced that it will temporarily halt NEAR Protocol deposits and withdrawals due to a scheduled network upgrade that aims to improve the blockchainâs performance and security.
The suspension will begin at 12:00 KST on August 26, 2024, and will remain in place until Upbit confirms the stability of the upgraded network.
#Laraxenteam #laraxen #LaraxenFamily $NEAR
đ **Unite Revolutionizes Web3 Mobile Gaming!** đź
Unite, a Web3 mobile gaming platform, is making waves with its innovative Layer 3 blockchain solution. CEO Weiwei Geng, who has a rich background in both traditional gaming and blockchain, shares how Unite addresses sustainability, scalability, and user experience. By focusing on real games that mainstream gamers love, Unite aims to create a sustainable token economy and a frictionless gaming experience.
Key Highlights:
- **Sustainability**: Moving beyond "play-to-earn" to profitable, mass-market games.
- **Scalability**: Designed to handle millions of daily active users.
- **User Experience**: Simplified onboarding with hidden blockchain operations.
Join the conversation! What do you think about Web3 gaming's future? đŹđ
A wallet linked to the Polygon Foundation has made another significant move, depositing 5 million MATIC ($2.65 million) to Binance from the address 0xbb17df03eda64cef6246956fcdc173fa5ab42751.
Here's the backstory:đ
April 8, 2023: The Polygon Foundation's wallet released 45 million MATIC (worth $49.6 million at $1.1 each) to wallet 0xbd6f1014e110ac97bb5ba7383b8f559ec1ff35fd.
Of this, 17 million MATIC was quickly deposited to Binance on April 11, 2023, at an average price of $1.083 ($18.4 million).
The remaining 28 million MATIC was staked with Polygon Staking, later being gradually unstaked to wallet 0xbb17df03eda64cef6246956fcdc173fa5ab42751 for CEX deposits.
Recent activity from wallet "0xbb1":
It has unstaked 16.64 million MATIC and deposited 11.165 million MATIC to Binance at an average price of $0.54 ($6.03 million).
Over the past two days, 10 million MATIC ($5.24 million) was deposited at an average price of $0.524.
Current Holdings in Wallet "0xbb1":
5.49 million MATIC ($2.91 million) available for future CEX deposits.
13 million MATIC ($6.89 million) currently staked with Polygon.
#polygon #MATICâ
. $MATIC #eyeonchain
Discovering Hidden Crypto Gems During Market Crashes
The crypto market is famous for its wild price swings, which can present great opportunities to uncover valuable coins. This approach involves identifying coins that have seen significant price drops, with the potential for a strong rebound.
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Step 1: Identify Significant Price Drops
Start by scanning decentralized exchanges (DEXs) for coins that have plummeted in valueâby 60% or more within the last hour. Focus on coins that have:
An active and engaged communityA well-designed and informative websiteA compelling story or unique purposeMechanisms to reduce the total supply over timeSufficient trading volume, ensuring thereâs still interest in the coinA reliable and transparent team behind the project
Step 2: Analyze Coin Ownership Distribution
Use charts to examine how the coinâs ownership is distributed. Be cautious if a small number of people hold a large portion of the coins, as this could impact the price.
Proceed with Caution and Conduct Thorough Research
While this strategy can help you spot promising opportunities, itâs important to remain cautious. Even coins that appear promising can continue to decline. Remember, this isn't financial adviceâcrypto trading carries risks. Always do your own research and only invest what you can afford to lose.
#BinanceLaunchpoolDOGS #PowellAtJacksonHole #LowestCPI2021 #BlackRockETHOptions #LowestCPI2021
Whale 35TZj has just made a significant move, depositing 300 BTC ($18.2 million) to Binance at a loss from the address 35TZjtyCihT6KRCGqtyAgJtJAxvftiX2cR.
This deposit is part of the whale's second BTC trading cycle. Here's a breakdown:
The whale withdrew 855 BTC from Binance at an average price of $63,847 (estimated cost: $54.6 million) on July 10, 22, and 23, 2024.
So far, the whale has deposited 597 BTC back to Binance at an average price of $56,854 ($33.9 million) on August 5 and 23, 2024.
Current Holdings:
The whale still has 259 BTC ($15.7 million) left, with an estimated total loss of $5 million (-9.16%) from this trading cycle.
Interestingly, during the whale's first BTC trading cycle in early March, they made an estimated profit of $487K (+3.7%) in just 10 days.
#BTCâ $BTC
Bitcoin Dominance Over Ethereum Hits 40-Month High as Investor Interest Shifts
Bitcoin's dominance over Ethereum has reached a significant milestone, hitting its highest level in 40 months, according to insights from CryptoQuant. The leading cryptocurrency now commands a dominance ratio of 78.5%, while Ethereum trails at 19.7%. This shift in the market underscores a growing preference for Bitcoin among investors, with Ethereum struggling to capture similar levels of interest.
CryptoQuant's analysis highlights that Bitcoin's dominance has been on an upward trajectory since late 2022, driven by increasing speculation surrounding the approval of a spot Bitcoin ETF. Despite similar discussions about an Ethereum ETF, investor interest in Ethereum has remained subdued. This trend is further reflected in the lackluster performance of Ethereum-based exchange-traded funds, indicating that the narrative of "digital gold" continues to resonate more strongly with the market.
As of now, Bitcoin holds a 57% share of the total cryptocurrency market, up from the 51-52% range at the start of the year. Ethereum, on the other hand, has seen its price drop by about 26% since the launch of its ETFs, signaling a challenging period for the second-largest cryptocurrency as it struggles to compete with Bitcoin's growing dominance.$BTC $ETH
#MtGoxRepayments #CryptoMarketMoves #BTCâ #ETHđ„đ„đ„đ„
Disclaimer:
Research Yourself before investing, use only risk-worthy funds and take full responsibility for your decisions.
DWF Labs recently deposited the remaining 10.5 million CRV ($3.44 million) to Binance from the address 0x951E337d7C2fdB9B80F6cf72c0dAC9D0568F9890.
In the last 24 hours, DWF Labs deposited a total of 12.5 million CRV to Binance in two transactions, at an average price of $0.33 ($4.12 million).
Notably, these CRV tokens were purchased from Curve Finance's founder, Michael Egorov, at an OTC price of $0.4 during last year's liquidation crisis. If DWF Labs is indeed selling now, they would incur an estimated loss of $875K (-17.5%) from this trade.
Currently, DWF Labs no longer holds any CRV.
#DWF-Labs #CRV. $CRV
Another Friday means another Cartesi Weekly đ§
Letâs chat:
đč @ITA_Blockchain Masterclass
đč @LocaleDAO CGP vote
đč @rives_io gamejam winners
đč @DefiantNewsâ interview with @bmaia_expat and @chandlerdkk
& more âŹïž
@joaopdgarcia and @henrimarlon_ hosted a Cartesi Masterclass with @ITA_Blockchain. Super excited to see the dApps that come from this!
You can still cast your vote for Locale Network, a DeFi solution that improves SBA lending through dynamic smart contracts that utilize real-time data. You have till the 26th.
Vote here âĄïž https://t.co/ehM9gSgfQJ
Congratulations to the @rives_io JAM #2 winners in collaboration with @forgottenrunes! đ @ednekebno, @pickleberto, and @nidaabaris.
Read more about the jam from @Max_Hatesuer âĄïž https://t.co/bkWXDFd9q3
Check out @mvinnyslâs article in collaboration with @MichaelAsiedu_ âIntegrating Cartesi Rollups with Chronicle Oraclesâ. Read more on enhancing your dAppâs capabilities by combining @ChronicleLabs' powerful oracles with Cartesi.
Read it here âĄïž https://t.co/dpAba0razU
Want to see it in action? Live test it here: https://t.co/OlT2xmjToF
Watch @DefiantNews' interview with @bmaia_expat and @chandlerdkk from @AvailProject as they dive into use cases, next-gen VMs, and technical challenges.
âĄïžhttps://t.co/kt7Ody3sm4
Also, don't miss this article by @L2beat analyzing the fraud proof designs of @arbitrum, @optimism, and Cartesi.
âĄïž https://t.co/pF2huXnz9p
And a special shoutout to @ReveloIntel for their coverage of Cartesi.
âĄïžhttps://t.co/uIrNL4jukc
Want to keep the conversation and good vibes going? Join our Discord and connect with the Cartesi community!
đ https://t.co/srCkokbafO
We're also on @farcaster_xyz now. Follow us @cartesi or hop into our channel /cartesi!
Altcoin Season Approaching? 4 Cryptocurrencies Poised for Major Gains
The altcoin market has been stuck in a bearish trend for the past five months, despite increasing interest from institutional investors. However, with clearer crypto regulations emerging in the United States, the stage is set for potential altcoin growth.
For instance, the SEC has stepped back from investigations into Ethereum and Solana as securities, and the recent SEC vs.
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Ripple case saw XRP largely classified as a commodity. These developments suggest that the much-anticipated altseason could be just around the corner, with many altcoins on the brink of a bullish breakout.
Top Altcoins to Watch
ApeCoin (APE)
ApeCoin (APE), an ERC-20 governance and utility token, has made a name for itself in the NFT space. This small-cap altcoin, with a fully diluted valuation of approximately $648 million and an average daily trading volume of around $33.8 million, is on the edge of a bullish breakout from a weekly falling logarithmic trend.
Crypto analysts at ZAYK Charts predict that if APE can consistently close above this trend, its price could surge by at least 51% in the near term.
As the market prepares for a potential altseason, these cryptocurrencies are worth keeping an eye on, especially as they show signs of breaking out of their bearish patterns.
#BinanceHODLerBANANA #LowestCPI2021 #BinanceBlockchainWeek #CryptoMarketMoves #PowellAtJacksonHole
đ Will Cardano Reach $50? đ
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Crypto predictions suggest that Cardano (ADA) could see a dramatic rise, potentially hitting $45 by 2050. This represents an 8,900% gain from its current level, which would be a massive win for ADA holders, especially given the token's recent underperformance.
By 2050, Cardano is forecasted to reach a maximum of $45.87, with predictions ranging from a low of $39.12 to an average of $42.41. This potential surge is expected to be driven by factors like trading volume, market trends, investor sentiment, and technological advancements.
Cardano, known for its significant technological progress and smart contract capabilities, is one of the top blockchains by development activity. This continuous development is likely to play a crucial role in its long-term price projection.
While Telegaon predicts a price of $2.15 for Cardano this year, other experts like Dan Gambardello and Jason Appleton have more bullish predictions. Gambardello sees ADA reaching $11 post-Bitcoin halving, and Appleton envisions a possible $32 during a peak bull market.
Cardano is currently trading at $0.44, up over 4% in the last 24 hours.
#ADA #CardanoMagic $ADA #BuytheDips #CryptoMarketMoves #LowestCPI2021
RGENT UPDATE REGARDING $JASMY $GALA $BANANA
Humble request Vote for me and Support us đ
1ïžâŁ JASMY (Multiple Liquidity Potential): JASMY has surged to $0.022. The recent uptrend indicates positive sentiment, with a potential continuation if JASMY breaks above $0.02200. The 4H RSI indicator shows a bullish signal at 64.50, suggesting further gains. Key resistance levels: $0.02300 and $0.02500. A close above $0.02250 could trigger a sustained upward movement, driven by increased liquidity.
2ïžâŁ GALA (Gaming Ecosystem Expansion): GALA has increased to $0.020, representing a 11% gain. The recent bounce indicates potential buying pressure, but GALA must break above $0.01950 to confirm a bullish continuation. The 4H RSI indicator shows a neutral signal at 56.20, suggesting a potential consolidation phase. Key resistance levels: $0.02000 and $0.02150. Gala's expanding gaming ecosystem may drive further growth.
3ïžâŁ BANANA (NFT Market Volatility): BANANA has risen to $47.00,. The recent price action indicates a potential stabilization phase, but BANANA must break above $50.00 to confirm a bullish continuation. The 4H RSI indicator shows a bearish signal at 43.80, suggesting further downside. Key support levels: $45.00 and $42.50. Banana Gun's NFT market exposure may contribute to price volatility.
đIf you like our work go to profile vote for us daily to win this creator award. Your generous vote empower us to work more harder, providing you with the best investment advice. They fuel our mission to deliver high-quality content, helping you make informed decisions. Thank you for your support!đ
#BTCâ #MtGoxJulyRepayments #Write2Earn!
#BinanceLaunchpoolTON #BinanceLaunchpoolDOGS
The recent surge in $BSW /USDT has caught the attention of traders, with the price currently sitting at $0.1052. We're seeing strong resistance at $0.1145, a level that, if breached, could open the door to higher targets like $0.1200 and $0.1300. This resistance is a crucial point where selling pressure has historically pushed the price down, making it a key area to watch for potential breakout opportunities.
On the flip side, there's solid support at $0.0668, where buyers have consistently stepped in to prevent further declines. If the price drops below this level, it could signal a downward trend with targets around $0.0600 and $0.0550.
For those looking to enter the market, consider going long if the price pushes above $0.1145, aiming for those higher targets. Conversely, a break below $0.0668 could be your signal to go short, aiming for lower levels. Keep these strategies in mind, and trade with caution!#BSWUSDT #Write2Earn! #CARVingTheFutureOfData #SahmRule #BlackRockETHOptions
{spot}(BSWUSDT)
Understanding Crypto and the Importance of Crypto Tax Compliance
Cryptocurrency has transformed the financial world, offering a decentralized way to manage and transfer assets. Whether you're trading Bitcoin, Ethereum, or other digital currencies, it's crucial to understand the tax obligations that come with it.
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In most places, crypto transactionsâwhether buying, selling, or tradingâare considered taxable events. Failing to report these activities can lead to significant fines and legal issues. Thatâs where professional crypto tax services become essential.
Proper management of your crypto taxes ensures you stay compliant with the law, helping you avoid penalties and optimize your tax situation. My Fiverr gig focuses on crypto taxation, providing expert guidance to help you navigate this complex field with confidence. Let me handle the numbers so you can focus on growing your crypto portfolio with peace of mind.
#BinanceHODLerBANANA #SahmRule #LowestCPI2021 #BinanceBlockchainWeek #CryptoMarketMoves
Fed Chair Jerome Powell is set to speak in just over an hour, and his remarks are expected to outline the Federal Reserveâs next steps in monetary policy.
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In his keynote at the Fed's annual #PowellAtJacksonHole Monetary Policy Symposium in Wyoming, Powell is likely to emphasize that the Fedâs decisions will remain data-driven. We can expect him to confirm the Fed's cautious approach, signaling that any changes in interest rates will depend on economic indicators.
As the Jackson Hole Symposium began, discussions were already focused on the Fedâs upcoming rate decisions, the chances of an economic soft landing, the state of the U.S. labor market, and the broader economic outlook. Interestingly, inflation, which has dominated the Fedâs agenda for the past few years, seems to have taken a backseat in these talks.
If you find this update helpful, donât forget to give us a vote and like this post! Weâre committed to providing more insightful content for you at no costâyour support helps us continue.
#CryptoMarketMoves #BinanceBlockchainWeek #LowestCPI2021 #BlackRockETHOptions #BinanceHODLerBANANA