âĄïž @initiaFDN has raised $14M in Series A funding led by @Theoryvc
Initia closes its $14M Series A round at $350M token valuation. The investment featured additional participation from @Delphi_Ventures and @Hack_VC, as well as, numerous angel investors. Initia has also disclosed its plans to launch its mainnet and token within the next two months. Previously, the firm has received an investment from @BinanceLabs and raised $7.5M from @Delphi_Digital, Hack VC, @Nascentxyz, @BigBrainVC, and others.
Initia Layer 1 is used to coordinate security, liquidity, routing, and interoperability throughout the network of interwoven rollups on Initiaâs vm-agnostic optimistic rollup framework: the OPinit Stack.
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Binance Coin (BNB) May Be Poised for Historic Price Breakout Ahead of CZ's Release.
The price of the native token on the BNB chain and the world's largest crypto exchange, Binance, is slowly but surely approaching a key block of resistance around the previous all- time high of $691 per BNB. Since its inception three years ago, the price of the cryptocurrency has never managed to break above this level in several attempts.
However, this time may be different.
Why? The former head of the exchange, known for his influence on the market, Changpeng Zhao, known as CZ, is expected to be released in only four days - on Sept. 29.
CZ, 4 and Binance.
Recall that as part of a deal with the DoJ and the U.S. SEC, the exchange was hit with a colossal fine of more than $4.2 billion earlier this year, and CZ himself ended up in jail for four months.
Now the former Binance boss is nearing the end of his sentence, while the price of BNB is hitting a multi-year high.
Of course, with such a confluence of technical and fundamental factors in the crypto space, there is growing speculation among traders and enthusiasts that CZ's exit could be the trigger needed for BNB's price to overcome the heavy block and surge higher in search of a new all-time high.
Whether it will actually work is a big question.
However, the convergence of factors looks impressive. It will also be interesting to see how the release and return of such an influential figure to the crypto space will affect quotes. The market has not seen such cases before, so regardless of the outcome, we are about to witness a precedent.
đ Calculate Your $HMSTR Airdrop Value! 1 $HMSTR= $0.8 - $1 đ
With the highly anticipated $HMSTR airdrop just around the corner, the excitement is reaching new heights! đ„ Early trading on Bybit in July 2024 showed prices fluctuating from $0.002 to $0.12, but these numbers are likely to shift as we approach the official listing! đĄ Stay tuned!
Letâs also take a look at the growing momentum of DODO in the DeFi space:
đ„ Why $DODO Stands Out in DeFi đ„
@DODO_official Coin is making waves in decentralized finance, offering some truly innovative tools that set it apart from the competition. Hereâs why:
Proactive Market Maker (PMM) âïž: Unlike traditional AMMs, DODOâs PMM algorithm optimizes liquidity, improves price accuracy, and reduces slippage for a smoother trading experience.
Instant Multi-Chain Token Issuance đ: DODOâs token creation feature allows you to launch tokens across multiple blockchains with just one clickâperfect for meme coin creators!
Custom Liquidity Pools & Pegged Pools đ: DODO provides the ability to create tailored liquidity pools, with Pegged Pools ensuring stable liquidity, ideal for trading pairs involving stablecoins.
DIY Liquidity Mining đ: Anyone can set up liquidity mining on DODO, drawing in liquidity providers and boosting community involvement.
Simple Fundraising Pools đ°: Need capital? DODOâs fundraising pools make raising funds easy, whether public or private.
đ Meme Coin Mania + DODO = Exponential Growth? đ
With the ongoing meme coin craze, $$DODO s well-positioned to ride the wave. Meme coin creators can issue tokens easily, and with DODO's upcoming Meme Platform, meme enthusiasts will have a dedicated space to trade, create, and earn rewards! đžđ
Bridging BTCFi Assets & Meme Coins đđž
DODOâs platform also supports BTCFi assets, making it a go-to for projects looking to bridge the gap between Bitcoin finance and meme coins
#DODOEmpowersMemeIssuance #CATIonBinance #BinanceLaunchpoolHMSTR #NeiroOnBinance #Write2Earn!
VIP MARKET UPDATE: $BTC
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Bitcoin is currently testing the upper resistance of an ascending triangle pattern, signaling a potential breakout. A confirmed breakout above this level, followed by a retest of the previous resistance as support, would provide a strong bullish confirmation, indicating further upward momentum. In contrast, a rejection and breakdown retest of the triangle is a sign of correction in the market.
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WuBlockchain Team counted the tokens listed on Upbit, the largest exchange in South Korea, over the past year. Generally, they rose sharply within one day of listing, among which MINA, CTC, ASTR, SPURS, POKT, and UXLINK rose by more than 100%. In addition, we also counted the tokens listed on Binance but not yet listed on Upbit, which means there is a high probability. H/T foresightnews
Binance launched pre-market spot trading on September 25, 2024, allowing users to trade "real tokens" in advance before the tokens are officially listed. Only some Launchpool tokens can be used for pre-sale market trading, and users can trade these tokens before they are officially listed, but there are withdrawal, transfer and deposit restrictions.
đ Bitcoin's Bumpy Ride: Will October Bring New Highs? đ
Bitcoin (BTC) is playing hard to get! After flirting with $65K, BTC slipped back below $64K, leaving traders scratching their heads. đ
- BTC hit a one-month high of $64,795 but couldn't maintain the momentum.
- Key resistance at $65K is proving to be a tough nut to crack.
- Traders are eyeing October for a potential breakout, drawing parallels to last year's market behavior.
Will BTC finally break free, or are we in for more sideways action? Share your thoughts in the comments! đŹ
#Bitcoin #CryptoNews
đ **Hoppy Meme Coin Surges!** đ
Hoppy (HOPPY), an Ethereum-based meme coin, has skyrocketed to $0.00012, its highest since July 23. This surge mirrors other meme coins like Shiba Inu (SHIB) and Dogwifhat (WIF), which are up 15% and 40% respectively.
đ **Market Trends:**
- Bitcoin's rebound to $64,000 has fueled meme coin rallies.
- Hoppy holders increased from 13,200 to 13,852 in 30 days.
đ **Holder Insights:**
- Top 10 holders own 24% of tokens.
- Top 100 holders control 54%.
đĄ **Potential Gains:**
- Hoppy has crossed key technical levels, indicating more upside potential.
What are your thoughts on Hoppy's rise? Comment below! đŹ
**Bitcoin Faces Resistance at $65K, Traders Await October Breakout**
Bitcoin (BTC) struggled to maintain momentum on Sept. 25, falling below $64,000 after hitting a one-month high of $64,795. Despite higher lows and highs on hourly charts, traders remain skeptical about a major breakout.
- **Key Resistance:** $65,000 has emerged as a significant resistance level, with heavy sell-side liquidity.
- **Market Sentiment:** Traders like Skew and Daan Crypto Trades highlight the need for substantial buying to push past this barrier.
- **Historical Patterns:** Trader Jelle notes that Bitcoin's current sideways movement mirrors last summer's 219-day "chop," suggesting a potential breakout in October.
Optimism persists, fueled by macroeconomic trends and central bank easing, which could drive Bitcoin higher by year-end. Key U.S. economic data and Fed Chair Jerome Powell's remarks are also on the radar this week.
đ Market Update on #Bitcoin and #Altcoins đ
In the past five days, $BTC has been trading within a narrow range of $62,300 to $64,800, moving sideways without a clear breakout. This stagnant movement has caused a noticeable shift in market funds, as capital has begun flowing into altcoins, contributing to a decline in Bitcoinâs dominance. Some traders believe this may signal the end of the correction and the beginning of altcoin season, but itâs important to remain cautious.
Analyzing the dominance chart shows that every sharp rise in Bitcoin dominance is typically followed by a healthy pullback. The current dip is a natural part of the cycle following Bitcoin's recent dominance surge. True confirmation of an altcoin season will likely come when dominance falls below 53%âuntil then, these shifts are merely short-term fluctuations.
Looking ahead, I expect Bitcoin dominance to rise again, potentially reaching 58-60% before its final drop. This decline could set the stage for altcoins to shine.
For now, itâs crucial to stay patient. The real signal for sustained altcoin rallies will only come once Bitcoin dominance drops below 53%. Until then, what weâre seeing is likely just temporary market noise.
#BinanceLaunchpoolHMSTR #CATIonBinance #BTCReboundsAfterFOMC #Write2Earn! #BTCâ
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Satoshi-Era Bitcoin Whale Stuns Bitstamp With Massive BTC Transfer.
According to Arkham Intelligence, an ancient Bitcoin wallet with a massive $3 million BTC stockpile has reawakened after several years of dormancy, transferring part of its holdings to major crypto exchange Bitstamp.
In a tweet, Arkham Intelligence drew attention to the awakening of a 13- year-old whale with $3.17 million BTC in mid-2011. This is in line with Whale Alert reporting that "a dormant address containing 50 BTC worth $3,173,594 has just been activated after 13.3 years."
This wallet, Akrham Intelligence says, has not made a single move since receiving the coins 13 years ago. Following its reactivation, the Bitcoin wallet sent 20 BTC worth $1.27 million to Bitstamp.
Old Bitcoins on move.
In a recent tweet, CryptoQuant highlighted that old Bitcoins are currently on the move, noting a large increase in the movement of coins from various age bands during the latest leg of Bitcoin's rise, with continual transfers occurring on the BTC blockchain.
In another similar occurrence reported by Arkham Intelligence, a Bitcoin whale with $77 million BTC mined in Bitcoin's first two months recently transferred 5 BTC to Kraken. These wallets date back to the "Satoshi era," when Bitcoin's pseudonymous creator, Satoshi Nakamoto, was active on public forums between late 2009 and 2011.
Arkham Intelligence estimates that this whale still possesses 1,215 BTC worth $77 million. According to his address, the Bitcoin stockpile was mined in February and March of 2009, about two months after Bitcoin's launch.
After moving several times from 2011- 2014, the Bitcoin in the wallet was then held dormant for nearly 10 years, during which it increased in value from $474,000 to over $80 million. This whale awakened around three weeks ago and has moved 10 Bitcoins to Kraken so far in three separate transactions.
This comes just a few days after another early Bitcoin whale, who mined their Bitcoin around the same time, woke up after 15 years of dormancy to move $16 million of BTC.
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$BTC
A recent analysis by Geoff Kendrick, Head of Digital Asset Research at Standard Chartered Bank, suggests that Bitcoin's value is likely to experience a surge, thanks to favorable economic indicators in the United States. The Federal Reserve's recent decision to lower interest rates has led to a steeper US Treasury yield curve, with the gap between the 2-year and 10-year Treasury bond yields widening to 21 basis points. This shift signals growing confidence in the future health of the US economy, which in turn, is boosting Bitcoin's outlook.
Moreover, there has been a notable uptick in bullish activity within the Bitcoin derivatives market. Open interest for options betting on #Bitcoin hitting $100,000 by December 27 has spiked, further fueling optimism around the cryptocurrency's potential rise. Investors are increasingly positioning themselves for an upward trend in the market.
Adding to this positive momentum, US Vice President Kamala Harris recently made her first public statements supporting cryptocurrency technology. On September 22, she emphasized the importance of fostering innovation within the digital currency space, a move seen as a major endorsement for the sector. Harris's comments are anticipated to further bolster confidence in the US cryptocurrency market.
In light of these factors, many in the financial world are now predicting a strong rally for Bitcoin, buoyed by a combination of supportive economic conditions and increasing institutional interest. With both market sentiment and governmental rhetoric aligning favorably, Bitcoin could be heading for significant gains in the near future.
#Bitcoinâ #bitcoinâïž #BTCReboundsAfterFOMC #USRetailSalesRise
SHIB Analysis
Price Action: SHIB is currently trading at 0.00001532 with a 4.43% increase in the past 24 hours.
Volume: The volume has been steadily increasing, suggesting growing interest in SHIB.
Moving Averages: SHIB is currently above the 50-day moving average, indicating a short-term uptrend. However, it's still below the 200-day moving average, suggesting a longer-term downtrend.
Resistance Level: A key resistance level to watch is around 0.00001559. A break above this level could signal a stronger uptrend.
Support Level: A key support level to watch is around 0.00001441. If the price drops below this level, it could indicate a potential reversal.
#SHIB #SuperPriceAnalysis