TON Network is undergoing stress testing with up to 10 million users trading simultaneously, and the current processing speed of requests has reached 150,000 times per minute Âč. However, Binance announced that the TON network upgrade process took longer than expected, resulting in the suspension of TON token deposit and withdrawal services ÂČ.
*TON Network Upgrade Details:*
- _Wallet Maintenance:_ Binance is performing wallet maintenance for The Open Network (TON) ÂČ.
- _Temporary Suspension:_ TON deposits and withdrawals are temporarily suspended ÂČ.
- _Stress Testing:_ The TON network is undergoing stress testing with up to 10 million users trading simultaneously.
- _Processing Speed:_ The current processing speed of requests has reached 150,000 times per minute.
#TON #DOGSONBINANCE #BNBChainMemecoins #TelegramCEO #dogs $TON
{spot}(TONUSDT)
$DOGS
{spot}(DOGSUSDT)
Bitcoin Price Surpasses $63,000 as Markets Recover.
Bitcoin (BTC) price had a tough August, but markets are recovering, and BTC is hovering above $63,000. Continued closures at higher levels may now gradually pave the way for focusing on the $70,000 target. In the last 24 hours, BTC tested $65,000. So, what awaits investors?
Bitcoin Monthly Close.
The monthly close is approaching, and cryptocurrency investors may see a nice August close after discouraging days. Generally, monthly closures lead to increased volatility. Daan Crypto Trades does not seem to have much reason to be optimistic because the lack of demand at higher levels makes things more challenging.
"Now let's see if there is fuel to really push higher for a change. Bitcoin has been in 'Consolidation' for almost 6 months at the previous cycle's highest level. This is the longest time taken to break the previous all-time high. At the same time, we saw the fastest period where the price reached an all-time high before the halving in a cycle. Everything balances each other out."
PCE and Fed Interest Rate Decision.
The PCE data will be released on August 30, and this is the indicator the Fed follows for inflation. It is extremely suitable news to trigger volatility at the end of the month. At the same time, on August 28, we will see the earnings report of NVIDIA, an important indicator for the technology sector. The Fed has been convinced of a cut, and if the PCE comes in at or below expectations, investors aiming for a good start in September may get what they want.
Miners and Short- Term Investors.
This week, mining difficulty will increase by 2.8%. Although the impact of institutional investors on the market weakens the power of miners, less selling pressure is expected. On the other hand, the fourth significant development is the strong sales of short-term investors. The cost for this group is $63,600, and if the key threshold is maintained, we may see a weakening of sales.
#FET
Fetch AI đïž $1.5 To $2 as FET Whales Go on Buying Spree Ahead of Nvidia Earnings..
Fetch AI Price Surge Sparks Whale Activity Ahead of Nvidia Earnings
While AI cryptos are coiling up for an explosive breakout due to Nvidia Corpâs August 28 earnings report, Lookonchain reported a spike in FET whale activity.
the on-chain analytics platform highlighted whale activity involving Fetch AI (FET). The whale, seemingly regretting an earlier sale at a lower price, repurchased 1.79 million FET tokens at $1.33 each from Binance, spending $2.38 million in Tether (USDT). This whale activity underscores the growing interest and volatility in AI-related assets as key tech firm earnings approach.
FET Price More Gains Ahead After 70%-Week Surge?
Fetch AI (FET) price has significantly increased by 12% to $1.3, reflecting notable buyer pressure ahead of the highly anticipated events.
The AI-based cryptocurrency recorded a high of $1.40 and a low of $1.17 within this period, signaling a volatile yet upward trend. The FET token, a key player in the emerging artificial intelligence space, has seen a remarkable resurgence in investor interest,
If this upward movement continues, the Fetch price will show strong positive momentum. If the positive trend continues, Fetch.ai is poised to climb towards $2, potentially reaching a new all-time high of $3.47.
The Moving Average Convergence Divergence (MACD) indicates bullish momentum. The MACD line is above the Signal line, suggesting the potential continuation of the upward movement
Supporting this uptrend is the 8.95% spike in Open Interest according to Coinglass data, signaling an increase in market activity for Fetch AI token. Trading volume surged by 51.46%, reaching $290.09 million. This uptick in trading metrics drives a bullish surge in Fetch AIâs price.
any shift towards market pessimism might significantly alter Fetch.aiâs path. In such a downturn, FET will likely find support at the $1.3 level. A further decrease could cause its price to fall to approximately $1.
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A first in the stable coin market after 2.5 years: It was 168 billion dollars
The total market capitalization of stablecoins, which have a very important place in the cryptocurrency world, exceeded $168 million and broke the all-time record. According to DefiLlama data, the market, where algorithmic stablecoins are excluded, grew by 0.8% last week.
The entire stablecoin market, where algorithmic stablecoins are excluded, broke a record after 2.5 years. Stablecoins reached a total market capitalization of $168 billion. The record was last March of 2022 with $167 billion. Corresponding to the time when the Russia-Ukraine war started, there was also the Terra LUNA crisis and Bitcoin had fallen to 17 thousand dollars. The balances, which were tied to 1 dollar in the stable coin market, were broken for many coins.
According to DeFiLlama data, the market managed to break its record with a growth of 0.8% over the weekend. The fixed coin market, which fell to 120 billion dollars in October 2023, was on the rise as of 2024.
'It points to corporate trust'
BTCMarkets analyst Rachael Lucas, who made evaluations to The Block, stated that the institutional world's confidence in cryptocurrencies may be behind this increase:
âUsually, those looking for stability in uncertain market conditions see stablecoins as safe havens. In addition, increasing interest in stablecoins also indicates that institutional investors' confidence in the crypto market has also increased. Because stablecoins are used a lot by institutional companies that switch between traditional markets and crypto.
Big rise in USDT
While USDT, the largest stablecoin, maintained this position by far, this year it increased its market cap by 28% and increased from $91 billion to $118 billion. USDT also currently owns 70% of the total stablecoin market...
#Laraxenteam #laraxen #LaraxenFamily
ACH/USDT as Price Tests Key Support Levels
$ACH
{spot}(ACHUSDT)
{future}(ACHUSDT)
The #ACH/USDT pair is currently trading around 0.02004, showing a bearish sentiment in the short term. The price has recently dropped below the 200-period Simple Moving Average (SMA) at 0.02022, indicating potential bearish momentum. The Volume-Weighted Average Price (VWAP) is at 0.02066, slightly above the current price, suggesting that the market may be experiencing selling pressure below the average trading price.
Bullish Scenario:
If the price manages to hold above the support level around 0.02000 and breaks above the descending trend line visible on the chart, there could be potential for a bullish reversal.A move above 0.02100 would indicate the bulls regaining control, targeting the resistance zone around 0.02250. Further bullish momentum could push the price toward the next significant resistance level around 0.02300.
Bearish Scenario:
If the bearish momentum continues and the price fails to hold above the 0.02000 support, we might see further decline toward the lower support levels around 0.01900.A break below this level could accelerate the bearish trend, potentially leading to a further decline towards 0.01800 or lower.
RSI (Relative Strength Index): The RSI is currently at 28.14, indicating an oversold condition, which could signal a potential short-term rebound if buyers step in.MACD (Moving Average Convergence Divergence): The MACD is showing a bearish crossover with the MACD line below the signal line and a negative histogram, suggesting downward momentum.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any trading decisions.
#6thTrade #BecomeCreator #BNBChainMemecoins #MarketSentimentToday
**News Flash: Nigerian Binance Exec Faces Health Crisis Amid Detention**
Tigran Gambaryan, a Binance executive, has been detained in Nigeria for six months over alleged financial crimes totaling $34 million. His family reports severe health deterioration due to untreated medical conditions, including a herniated disc and spinal injury, leaving him unable to walk. They claim Nigerian authorities have denied him proper medical care and restricted legal visits, which violates Nigerian laws. Gambaryan also suffers from severe tonsillitis due to untreated malaria and pneumonia. Despite these challenges, Nigeria's SEC plans to issue licenses for cryptocurrency exchanges, signaling growth in the country's crypto economy.
The bull market has already started and here are are five best meme coins which you should have at least two in your portfolio
1. Dogecoin (DOGE):
Originally created as a joke in 2013, Dogecoin has grown to become a major player in the crypto market. Dogecoin gained mainstream attention through endorsements from celebrities like Elon Musk. Itâs used primarily for tipping and charitable donations.
2. SHIBA INU (SHIB):
Dubbed the "Dogecoin killer," SHIBA INU was launched in August 2020 and quickly gained a massive following. It operates on the Ethereum blockchain and has its own decentralized exchange called ShibaSwap. SHIB's ecosystem includes LEASH and BONE tokens, contributing to its growing popularity.
3. Floki Inu (FLOKI):
Inspired by Elon Muskâs dog named Floki, this coin aims to combine memes with real-world use cases. The Floki Inu team is working on a range of projects, including an NFT marketplace and a metaverse game. Its community-driven approach and active development have attracted many enthusiasts.
4. Bonk (BONK):
Bonk is one of the latest meme coins to capture attention. With its catchy name and playful branding, Bonk is positioning itself as a fun alternative in the meme coin space. While itâs still early days for Bonk, its growing community suggests it could be one to watch.
5. Pepe (PEPE):
Named after the famous internet meme character Pepe the Frog, Pepe coin aims to bring the humor and culture of memes to the cryptocurrency space. It leverages the recognizable and beloved image of Pepe to build a community focused on fun and creativity.
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Is #SEI/USDT Heading for a Bullish Continuation or a Pullback
$SEI
{spot}(SEIUSDT)
{future}(SEIUSDT)
The SEI/USDT pair is currently trading around 0.3575, showing a recent strong bullish move after bouncing off the support level at 0.3063. The price has moved above the 200-period Simple Moving Average (SMA) at 0.2992, suggesting a potential trend reversal from bearish to bullish. The Volume-Weighted Average Price (VWAP) is at 0.3361, below the current price, indicating bullish momentum.
The Relative Strength Index (RSI) is at 68.83, nearing the overbought zone, which signals strong buying pressure but also suggests caution as the price approaches overbought conditions. The MACD shows a bullish crossover with the MACD line above the signal line and a positive histogram, reinforcing the bullish sentiment.
Bullish Scenario:
If the price sustains above the immediate resistance at 0.3575 and breaks the next key resistance at 0.3800, it could lead to a continuation of the bullish trend. This move would confirm a breakout above the long-term resistance, potentially targeting the 0.4000 psychological level.
Bearish Scenario:
Conversely, if the price fails to break above the 0.3575 resistance and starts declining, a drop below the support level at 0.3361 could signal a bearish reversal. Further downside could lead to testing the support at 0.3063, and a break below this level could resume the bearish trend.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any trading decisions.
#6thTrade #MarketSentimentToday #BecomeCreator #Market_Update
Before v0.13.2, Starknet faced a tradeoff between:
đșMore frequent blocks, which meant higher costs
đșLower costs, which meant less frequent blocks
This situation happens because each Starknet L2 block has a fixed L1 cost. So, more L2 blocks meant more L1 costs. Yeah, completely rekt
But thatâs no longer the case with Block Packing, thanks to a new data structure called SNAR tree đ
In these trees, each leaf is a Starknet block. These leaves are continuously merged at each level of the tree until we get to the root, which represents the merged state transitions of all the blocks. This root is then sent to SHARP (our shared prover), which creates a STARK proof and sends it to Ethereum for verification.
TL;DR: Block Packing solves the tradeoff, letting us have the best of both worlds: increase L2 blocks without adding extra L1 costs!!
Starknet v0.13.2 coming on mainnet in 2 daysđ