The chart shows a head and shoulders pattern, which is a reversal indicator.
The price formed a left shoulder, head, and right shoulder pattern, signaling a potential bullish move.
Price has broken out of the yellow support zone (neckline of the pattern), confirming the reversal.
Immediate target is around 0.00014400 USDT (blue zone).
Extended target is around 0.00016600 USDT.
The bullish structure suggests an upward movement is expected after the breakout.
$FLOKI #BinanceLaunchpoolHMSTR #DYOR
{spot}(FLOKIUSDT)
Hermetica has launched its Bitcoin-backed stablecoin, USDh, on the Stacks Layer 2 network. This marks a significant milestone as USDh becomes the first Bitcoin-backed stablecoin on Stacks, offering up to 25% yield. Despite these advancements, the market outlook remains cautious. The integration aims to enhance liquidity and user accessibility within the Stacks DeFi ecosystem, yet the broader market's volatility and regulatory uncertainties cast a shadow over potential growth. While USDh provides a decentralized alternative to fiat-backed stablecoins, the sustainability of such high yields in a turbulent market is questionable.
đ Key Takeaways from https://t.co/KWBhSen75S at Token2049 from the https://t.co/KWBhSen75S team! đ
1ïžâŁ Memecoins Steal the Show: Our Memecoin Mashup Party with @0xMetaschool alongside our amazing sponsors $WHY @whyanelephant & $BIC @bicoin_onbnb was a blast! Metaschool team launched their meme token - $FLORK during the event and now live on https://t.co/uolO8ppNzt. đ„ł
2ïžâŁ Memes + DeFi: Cici, our Head of BD highlighted how memes are making DeFi fun and accessible during a key panel discussion with @PancakeSwap, @AstherusHub, @ListaDAO @Mercuryo_io, and @orbs_network. Memesâ humor and culture matching with Defiâs seriousness are bringing new energy to the web3 space! đ
3ïžâŁ Long-Term Value: Weâre not just about hype! With our https://t.co/uolO8ppNzt Accelerator & Points System, weâre empowering memecoins for long-term success. đȘ
4ïžâŁ Epic Networking: From the @dappOS_com Pool Party to the @RaveDAO After-Party, we made meaningful connections in the DeFi community. đ„
Read all about us at @Token2049 here: https://t.co/3m8UFeXXNy
Huge thanks to our amazing partners & community for making Token2049 unforgettable. The memecoin szn is just getting started! đ
Binance Helps Indian ED Crack $47.6 Million Fiewin Scam
Binance and India's Enforcement Directorate (ED) busted a $47.6 million Fiewin fraud.
Fiewin, an online game marketed as a way to get money, was investigated by the Indian ED for defrauding players out of nearly $47.6M. Four individuals were detained.
Digital wallets linked to crypto exchanges were exploited to launder money.
Binance said, âThroughout the EDâs investigation, Binanceâs FIU provided critical intelligence that was instrumental in tracing the funds and uncovering the fraud network.â
Binance's research team traced laundered money across crypto-wallets and helped ED uncover the scam's network.
The ED spokesperson said, âPublic-private collaborations are crucial in tackling complex financial crimes. Binance's specialist investigative team shows how private companies might collaborate with law enforcement. They helped us with analysis for the investigation.â
Binance said Fiewin software offered fast money via mini-games. With the ability to âtop upâ their in-app money using multiple payment methods, users rapidly created an account and began using the app. The program purportedly stopped withdrawing payments if users accumulated large balances.
The combined investigation identified and arrested fraudsters who were linked to Fiewin's game managers utilizing privacy-focused communication applications. Both companies are apparently working together to expose Fiewin app scam and identify everybody implicated.
Ferdinando D., Binance Investigation Specialist supporting ED, said, âThis case showcases the critical importance of collaboration between public institutions like the ED and private entities like Binance in addressing the new types of digital threats.â
#Binance #BTCReboundsAfterFOMC #USRetailSalesRise FOMC
Openmesh: Revolutionizing Data in Web3 đ
Openmesh is creating a decentralized web where data belongs to everyone, not just companies. Itâs a network designed to store and share info safely, without relying on a middleman.
By spreading data across many nodes worldwide, Openmesh ensures security and access to anyone, anywhere. Itâs the future of Web3, where you can even earn by contributing your unused computing power! đ„ïžđž
Itâs time for a new era in data sharingâtransparent, secure, and for the people.
#Web3 #Blockchain #openmesh #Data
Dogecoin price shows potential for growth as co-founder Billy Markus dismisses involvement in future cryptocurrencies.
Dogecoin (DOGE) price has recently experienced notable price fluctuations. Over the past week, the cryptocurrency has seen a significant uptick in value, raising interest across various trading platforms. Currently, the DOGE price is stabilizing around a key support level, suggesting potential resilience in the market.
Dogecoin Price Steady as Founder Denounces New Crypto
Shibetoshi Nakamoto, also known as Billy Markus, co-creator of the popular cryptocurrency Dogecoin, has once again clarified his position regarding his involvement in the crypto space. In an X post, Nakamoto reaffirmed that Dogecoin, which he co-created in 2013, remains the only cryptocurrency he has worked on.
He emphasized that he has not been involved in cryptocurrency projects since 2014, stating that Nakamotoâs post responds to rumors or claims of his affiliation with other cryptocurrency projects.
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BREAKING: Dormant Bitcoin Whales Move 275 BTC in 5 Days
âš Dormant Bitcoin whales have moved 275 $BTC in recent days, raising concerns of potential selling pressure.
âš Despite whale activity, the netflow ratio suggests accumulation, possibly foreshadowing a $BTC price rally.
âš If bullish momentum holds, $BTC could rise to $68,225; otherwise, it might drop to $60,296 if selling intensifies.
(Don't forget to BOOKMARK for later)
đ° RECENT #FUNDING ROUNDS
@ton_blockchain is a fully decentralized #Layer1 #blockchain, created by the community using a technology designed by @telegram.
@hemi_xyz is a modular #Layer2 protocol for scaling, security, and interoperability, powered by #Bitcoin and #Ethereum. This modular protocol is designed to scale these networks and maximize their utility, creating a more connected and efficient #blockchain ecosystem.
@heliuslabs aims to help creators by providing APIs (or application programming interfaces) to understand on-chain data and query transactions.
@DriftProtocol is constructing a decentralized perpetual #protocol utilizing the dynamic vAMM (#DAMM) mechanism on @solana. The protocol provides various derivative markets, including perps, spot, lending, etc.
#Ton #HemiNetwork #Helius #DriftProtocol
**Bitcoin's Future: Concerns and Chuckles from the Community**
- **Quantum Computing Woes**: Redditors worry quantum computers might hack BTC. Trezor's analyst says, "Relax, weâve got quantum-safe algorithms in the works!"
- **Centralization Fears**: Some fret over whales and miners manipulating the market. But remember, "The invisible hand will sort it out," says Quantum Economics' founder.
- **Blockchain Bloat**: Concerns about blockchain size leading to centralization. Trezor reassures, "Growth is controlled, keeping decentralization intact."
- **KYC Nightmares**: KYC policies got some spooked, but Bitcoin's decentralized nature keeps it resilient.
- **Halving Headaches**: Mining rewards shrinking? No worries, transaction fees will keep miners motivated.
Stay calm and HODL on! đ
đ Bitcoin: Future Concerns or Just Hype? đ§
Bitcoin's journey has been stellar, but the community's got some jitters. Redditors voiced worries about BTC's future, and the top concern? "I donât have enough money to buy more!" đ
**Key Concerns:**
- **Quantum Computing & AI:** Could they break Bitcoin? Experts say, "Not anytime soon!" Plus, Bitcoin's adaptability is a superpower.
- **Centralization:** Miners & whales might manipulate the market, but the "invisible hand" will balance it out.
- **Blockchain Size:** Growth is controlled to keep decentralization intact.
- **Stricter KYC Policies:** Bitcoin's design ensures user independence.
- **Mining Rewards:** Transaction fees will keep miners motivated.
Whatâs your take? Drop a comment below! đŹ
Curious about stablecoins? đ€ Theyâre the superheroes of DeFi, bridging traditional finance and crypto! đŠžââïž
Fiat-collateralized, crypto-collateralized, and algorithmicâeach type has its own flair. From USDC to DAI, these coins offer price stability and enhanced liquidity, making them a traderâs best friend.
Sure, they face regulatory hurdles and trust issues, but hey, whatâs a hero without a few challenges? đ
Dive into the future of finance with stablecoins and letâs chat about your favorites in the comments! #DeFi #Web3 #Crypto
**Bitcoin Community Voices Concerns Over Future Challenges**
Bitcoin (BTC) has seen remarkable success since its inception, but the community remains vigilant about its future. A recent Reddit thread highlighted key concerns:
- **Quantum Computing and AI**: Some fear advancements in quantum computing could eventually break Bitcoin's cryptographic security. Experts like Trezorâs Lucien Bourdon believe the community can adapt with quantum-safe algorithms. AI, while posing phishing risks, is expected to enhance Bitcoin's infrastructure.
- **Centralization**: The concentration of Bitcoin miners and whales raises worries about market manipulation. Experts argue that while short-term manipulation is possible, Bitcoin's decentralized nature will prevail in the long run.
- **Blockchain Size**: An expanding blockchain could lead to reliance on centralized services. However, Bitcoinâs controlled block size growth maintains decentralization, ensuring manageable blockchain size for full-node operators.
- **KYC Policies**: Increasing Know-Your-Customer regulations concern users, but Bitcoinâs design allows for direct, permissionless transactions, maintaining financial independence.
- **Mining Rewards**: As Bitcoin halving events reduce mining rewards, transaction fees are expected to compensate, ensuring continued miner participation and network security.
The community remains optimistic that Bitcoin's decentralized nature and adaptability will help it navigate these challenges.
**Crypto Crimestoppers: Lionsgate Network Recovers Millions in Stolen Funds**
If you've fallen victim to a crypto scam, hope isn't lost. Lionsgate Network, a private investigation firm, claims to have recovered over $4 million in stolen crypto. Using advanced blockchain analysis and connections with law enforcement worldwide, they trace and freeze stolen funds.
Founder Bezalel Eithen Raviv explains that while tracking funds is tough, it's possible. Lionsgate has helped victims like a Florida surgeon recover $100,000 and traced $1.7 million for a North Carolina banker.
However, Raviv warns that cooperation from law enforcement is crucial, and recovery isn't always guaranteed. Crypto scams remain a significant threat, with authorities like the SEC cracking down on fraudulent exchanges.
đ Chainlink (LINK) Soars to New Heights! đ
Chainlink (LINK) has surged to $12.3, marking a 53% rise from its yearly low. This rally is fueled by its expanding ecosystem and growing use cases, securing a whopping $23.3 billion in total value, outpacing competitors like WINKlink and Pyth Network.
Key Highlights:
- Chainlink's ecosystem sees new integrations with Stader Labs, Arcadia Finance, and more.
- Futures open interest hits $187 million, the highest since July.
- Balances on exchanges are down, signaling strong HODLing.
What do you think about Chainlink's future? Share your thoughts below! đ
đ Ready to dive into Ethereum 2.0? This upgrade is like giving your crypto portfolio a turbo boost! đ
Ethereum's shift to Proof of Stake (PoS) means lower energy use and juicy staking rewards up to 14.2%! đ° The Shanghai Upgrade already let stakers withdraw 228.82K ETH in just 2 days. Talk about action!
Sharding is set to rocket transaction speeds to 100,000/sec by 2024. Imagine the possibilities! đ
Future upgrades (Surge, Scourge, Verge, Purge, Splurge) promise even more scalability and efficiency.
Got thoughts on Ethereum 2.0? Drop them in the comments! Let's chat! #DeFi #Web3 #Ethereum