The Latest News on the Crypto Marketplace
Letâs analyze the situation in the crypto-assets market and critical events that have occurred in the ââbuy and sell digital currencyââindustry over the past 24 hours. Here is the latest cryptocurrency news.
How Ethereum Growth Affects Bitcoin Cap Rate
On March 25, the level of Bitcoin prevalence peaked at 67.99%. After that, this volume started to decline. It is remarkable that on the same day, the ETH/BTC pair was at a minimum and grows for now. This a good sign for all interested in ââbuy bitcoin in Englandâ operations.
Crypto trader @BillGK_Crypto tweeted a chart of the level of BTC dominance. It shows that the indicator has lost an essential level of support. This expert uses Ethereum as an illustration of what happens with altcoins when the level of BTC dominance falls. Nevertheless, users of the professional crypto trading platform can get up on this situation for successful ââbuy bitcoin in Londonâ trades.
Binance Holds Nearly 16% in USDT of Tetherâs Total Capitalization
TokenAnalyst statistics show that no other cryptocurrency exchange stores even half of the stablecoins available on Binance wallets. Stablecoins are assets with no rapid movements in exchanges rates.
The Binance platform turned out to be the most extensive digital system with more than 1 billion Tether stablecoins (USDT) on its wallets, which is about 16% of the total cap rate.
Professional Cryptocurrency Traders Massively Take Bitcoins From Trading Systems
In the view of the research company Glassnode, over the past three months, the Bitcoins volume stored on âcryptocurrency exchanges in Englandâhas decreased by almost 10%. Since mid-January 2020, when the annual maximum of 2,412,236 coins was fixed, the reduction amounted to 221,349 bitcoins. Itâs 9.17% of those Bitcoins that are on the cryptocurrency exchanges in Englandâfor three months.
#BinanceLaunchpoolHMSTR #CATIonBinance #BTCReboundsAfterFOMC #NeiroOnBinance #Write2Earn $WLD
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$VIDT
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$PHB
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Seriously, I'm scratching my head.
I'm hoping you all can help me make sense of what I'm seeing.
Cardano is making in over $3.48M in fees annualized.
Should you be at all bullish on $ADA? đ
Cardano has been dubbed the "great tech" blockchain, but when I look at the numbers, I'm left wondering...
Let me break down what I'm seeing:
âą Market Cap: Sitting at $12.6B, ranking 11th among all cryptocurrencies. It's on all the major exchanges.
âą Transaction Speed: Cardano's TPS is currently 0.28. That's about 25,000 transactions per day.
âą Fee Revenue: In the last year, Cardano collected $3.48M in fees. Last 6 months? Just $1.27M.
Please humor me for a sec:
âą Solana: 7,229 TPS
âą Tron: 272 TPS
âą Ethereum: 62.34 TPS
Cardano: 0.28 TPS
TPS can be manipulated, and it doesn't always reflect real-world usage. But still, this gap is...godsend.
The $12B Question?
Here's what's keeping me up at night: How does Cardano's current usage justify a $12B market cap? Am I missing something crucial here? Is there some killer app or use case that I'm overlooking? Or is this a case of the market betting big on future potential?
My Take (but I could be wrong)
Personally, I'm struggling to reconcile the "great tech" narrative with these numbers. It feels like there's a disconnect between Cardano's valuation and its current real-world impact.
#BTC #ETHETFsApproved #ETH #ADA #HotTrends
đ„· The #wazirX hacker is nearing the end of laundering the #Stolen $230 million.
Just an hour ago, they transferred the last 3,792 $ETH ($9.93 million) to a new wallet, from which they are now sending coins to the #TornadoCash mixer. đȘ
The laundering process began on September 3, and after 22 days, itâs almost complete. đ€·
#BinanceLaunchpoolHMSTR #CATIonBinance
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đ Buckle up, crypto enthusiasts! The Fed just dropped a surprise 50 bps rate cut, and the market's buzzing! đđž
1ïžâŁ More rate cuts are on the horizon, and guess what? This could be bullish for Bitcoin and other crypto assets. Why? Because more cuts = weaker USD = potential Bitcoin bull run! đ
2ïžâŁ Global liquidity is at an all-time high, and with Bitcoin's supply scarcity post-halving, we might just see a perfect storm for a breakout.
3ïžâŁ Historically, Q4 is Bitcoin's time to shine. Could this be the end of the "chopsolidation"? We think so!
Drop your thoughts below!đ #DeFi #Web3 #CryptoNews
**Ethereum's Future: Navigating Complex Waters đ**
Ethereum's journey has been a rollercoaster! With the introduction of EIP-1559 and EIP-4844, the investment case for ETH has become more intricate. The burn mechanism from EIP-1559 initially boosted ETH's value by reducing supply, but the rise of Layer-2 solutions has changed the game.
L2s, designed to scale Ethereum, have reduced the need for expensive L1 fees, impacting ETH's deflationary pressure. As L1 fees drop, ETH's future value becomes uncertain. Will Ethereum adapt by repricing blob space or innovate new L1 use cases?
What do you think? Share your thoughts in the comments!
**News Flash: DePIN Revolutionizing Telecom Industry! đĄ**
The telecom industry, projected to hit $3.1 trillion in 2024, is grappling with connectivity issues and security breaches. Enter DePIN (Decentralized Physical Infrastructure Networks), a blockchain-based solution aiming to transform telecom by decentralizing infrastructure control.
- **How It Works:** Participants set up antennas or hotspots, earning tokens for network coverage.
- **Benefits:** Cost-efficient, scalable, and resilient against security threats.
- **Challenges:** Onboarding traditional telcos and ensuring quality signal in high-demand areas.
Could DePIN be the next big thing in telecom? Share your thoughts in the comments!
Important Security Reminder and Impersonation Alert:
Hi community members,
It has come to light that another project has been impersonating OAX Foundation, utilising our logo and name for fraudulent purposes.
In particular, we wish to highlight that we are in no way associated with @omnipotenceanx, and the website: https://t.co/D4ScUlaDdE, which has misused our logo and project name without our permission or knowledge.
We want to remind all our stakeholders that all our official channels are listed on our LinkTree: https://t.co/gBCYEnKyjC
Any other channel or website does not belong to us nor are we affiliated to in any way.
Please be extra cautious, especially when it comes to any activities that involve any form of transactions. Do DYOR - always better to be safe than sorry.
#OAX #OAXFoundation
C4E is a #DePIN L1 Blockchain â, offering a suite of tools for decentralizing and nurturing the Community-Driven Energy and E-Mobility Ecosystems đȘ
The blockchain features a native token called #C4E , which facilitates secure and efficient network transactions, staking, governance, product payments, discounts, and access to services and which is tradeable on both CEXs and DEXs.
Learn more about it here:
đ c4e.io
#layer1blockchain
After making a daily high of USD 43,911, Bitcoin is now trying to sustain the USD 42,000 support and is trading at USD 42,344. Meanwhile, the second-largest cryptocurrency, Ethereum, is trading close to USD 2,952.Letâs deep dive into some interesting Crypto News stories of September 28th.1- Facebook Allotted a $50 Million Investment Fund for its Virtual Metaverse DevelopmentAccording to an official announcement, Facebook has allocated a $50 million investment fund to develop its virtual Metaverse. This investment will be used over the next two years through its XR Programs and Research fund.As stated, the team would work with government and industry experts to work on issues and possibilities in the Metaverse. This Metaverse will empower people to interact with one another, digital objects, and the physical world through their avatar in a virtual environment.Additionally, Facebook has collaborated with multiple universities and non-profit organizations such as the University of Hong Kong, Women In Immersive Tech, and more to deploy this Metaverse ethically.BUILDING THE METAVERSE RESPONSIBLY2- Fantom | Iron Bank Collaboration To Create CBDC for the Republic of TajikistanFantom Foundation, in collaboration with OJSC Orienbank declared to build a Central Bank Digital Currency (CBDC) for the Republic of Tajikistan. Moreover, Fantom is fast, scalable, customizable with near-zero fees transaction finality, making it ideal for DeFi applications and real-world uses.According to an official report, this coalition helps the National Bank of Tajikistan and Orienbank to utilize Fantomâs technology to digitize the Tajikistani Somoni for retail and commercial payments. In addition, the platform will integrate Andre Cronjeâs Iron Bank protocol for seamless, low-fee foreign exchange. Additionally, Fantomâs easy-to-use CBDC would encourage governments to utilize national digital currency.
#BinanceLaunchpoolHMSTR #BinanceLaunchpoolHMSTR #BTCReboundsAfterFOMC #BecomeCreator #Write2Earn $SEI
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$CELO
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$1MBABYDOGE
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#CarolineEllison , head of #AlamedaResearch , has been sentenced to 2 years in prison. đš
This follows her involvement in the #Ftxâ scandal, where funds from clients were mismanaged under the direction of #SamBankman-Fried , who received a 25-year sentence for fraud and misuse of client funds. đ°đ„·
In her testimony, Ellison revealed how she prepared misleading reports for investors and highlighted the risky investments made with client money. đ€·
đ The judge noted he hadn't seen such consistent cooperation from a defendant in 30 years.
#BinanceLaunchpoolHMSTR
TECHNICAL ANALYSIS OF GAINERS
1. $SEI SEI:
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- Last price: $0.4636
- 24h change: +24.66%
- SEI has shown solid growth with nearly a 25% gain, indicating strong bullish momentum in the last 24 hours.
2. $CELO CELO:
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- Last price: $0.6604
- 24h change: +24.37%
- CELO follows closely behind SEI, also experiencing significant growth of over 24%. This could be driven by increased activity or a notable announcement in its ecosystem.
3.$1MBABYDOGE
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- Last price: $0.0023724
- 24h change: +21.78%
- 1MBABYDOGE has also surged by nearly 22%, showing strong interest from traders, possibly due to community engagement or updates.
Key Takeaways:
- All three coins are showing over 20% gains, suggesting increased market activity or positive news for each.
- If you're trading these assets, it might be wise to monitor the momentum to avoid late entries, as these gains could be followed by a cooldown or continuation based on market conditions
#CATIonBinance #BTCReboundsAfterFOMC #NeiroOnBinance #FOMC #TerraformLabsBankruptcy
đ #DWFLabs to Launch Synthetic #stablecoin by Q1 2025! đ°
đ #Dubai -based DWF Labs has announced plans for a synthetic stablecoin, backed by a substantial $500 million investment. Set to launch between late 2024 and early 2025, this new stablecoin aims to compete with established fiat-backed options like $USDC and USDT.
đ Key Features:
âȘïžSupport for Multiple Digital Assets: The stablecoin will offer different annual percentage yields (APY), including about 12% for USDT and 15% for #Bitcoinâ and Ethereum. Altcoins can earn up to 19%.
âȘïžInteroperability: Designed for seamless integration across various DeFi protocols.
âȘïžLiquidity Strategy: The launch is crucial for DWF Labs, which has invested heavily in crypto projects, including meme coins.
#BinanceLaunchpoolHMSTR
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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
Source: Wu Blockchain News
#Bitcoinâ Price Target Rises to $78K Following #Chinese Stimulus!đ
Bitcoin is gearing up for a breakout towards $78,000, fueled by technical indicators and China's recent economic stimulus package.đšđł
On September 24, the People's Bank of China (PBOC) announced a $140 billion #liquidity injection by cutting the reserve requirement ratio, aimed at revitalizing its struggling economy.đ°
đ Analyst Jamie Coutts from Real Vision believes this stimulus will positively impact #bitcoinâïž , as central bank liquidity typically boosts demand for cryptocurrencies.
đ Historically, such announcements have led to significant rallies in risk assets like Bitcoin, with prices doubling after past stimulus measures. đ
#BinanceLaunchpoolHMSTR
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đ°đ· #SouthKorean Officers Used #military Secrets to Buy Cryptocurrency!
Several officers from the South Korean army reportedly used classified military passwords as collateral to secure #Loans for cryptocurrency investments. đ°
đ° Local media, citing the Ministry of Defense, revealed that these active-duty personnel in Chungcheong were unable to obtain funds from #CommercialBanks , leading them to approach private lenders with sensitive military information. đ”ïžââïž
The shared passwords, classified as "third-level secrets," granted access to barracks and other military facilities.
đ Investigations are ongoing, and the officers may face charges under the Military Secret Protection Act. Most of the suspects are in their 20s and 30s. Further details are still under wraps.
#BinanceLaunchpoolHMSTR
đ Crypto Market Overview - September 25th, 2024 đ
Sei leads the top gainers with a remarkable +24.91%, while Nervos Network tops the losers, down -1.98%. đ The Fear & Greed Index is at 59, showing a stronger 'Greed' sentiment. đą
đ„ Trending projects include Shitcoin (SOL), Bitcoin, and Ronin. In today's headlines, BitcoinOS launches BitSNARK ZK verification for enhanced privacy, and Ether.fi thwarts a domain account takeover attempt, confirming user funds are safe. đ
Stay updated with the latest in the crypto space! đ
#CryptoNewss #bitcoinâïž #Blockchain #Altcoins #MarketUpdate