The Stepn app plans to distribute 29 million GMT dollars as rewards to its users based on their FSL points.
brief news
Stepen rewards its users $29 million GMT for their points.
This application announced that it is going to cooperate with a large shoe and clothing company.
According to DeBlock , Stepan announced that it is distributing 100 million FSL points to its users, and these points will be exchanged 1-to-1 with GMT tokens. Shiti Manghani, CEO of Stepan, emphasized:
Since we are financially stable, we can return these points to our users. This year's airdrop is the biggest airdrop in history. This airdrop is awarded to badge holders and includes our smallest to largest users. In addition, NFT holders of sports shoes are also eligible for this airdrop.
Although the distribution of Steppen Points started a few days ago, the company has not fully unveiled its Airdrop in the past. According to the available data, the next stage of distribution of Stepan points starts today.
In February of last year, Stepan conducted another airdrop for holders of sneaker NFTs, and users were rewarded between $1,800 and $14,400. The company noted that its users can get a chance to win special prizes by earning FSL points.
In addition, Stepan announced that he will soon start a new collaboration with one of the most well-known sports brands in the world. The platform currently cooperates with Asics and Atlético Madrid football club. Mangani emphasized:
Our app is currently in a very exciting period and important plans are planned for this year to strengthen its growth and consolidate its first position in this sector.
The Stepen app was created in 2021 by FSL to reward its users with GMT cryptocurrency for walking or running. Users must purchase a sneaker NFT to receive this bonus. Stepan also earns from platform fees. It is worth mentioning that 5 Stepan users have run more than 295 million kilometers so far. In the last 24 hours, the price of Stepan reached the range of $0.29 with a correction of about 5%.
#bitcoinhalving #stepn
$BTC $BTC $GMT

Study time: 2 minutes
Today, Tuesday, April 9, significant changes have occurred in the ranking of 10 digital currencies of the market.
According to market data, TonCoin (TON) has been able to surpass Cardano (ADA) in terms of market value and climb to the ninth position in the market. This happened at the same time as the price growth and record-breaking TON token.
A few hours ago, TenCoin was able to record a new price record in the range of $6.98. Although the price of TON has retreated to the $6.90 range at the time of writing , it is still up more than 25% on a daily basis
Simultaneously with this price growth, the market value of TenCoin has also increased to 23.93 billion dollars and has surpassed Cardano in this respect
But what is the reason for the significant growth of Tencoin? There have been many positive signals for the digital currency recently, including Telegram's move earlier this month to ditch the euro in favor of the TON token, for payments on its platform.
In this regard, activating the payment option with TON for advertisers and content producers in this messenger program has also increased the activity in The Open Network.
According to the TonStat platform, the number of accounts on Open Network has almost doubled over the past month and reached about 12 million. In addition, the number of active wallets on this chain increased by 77% last month and reached about 3 million.
However, the move towards artificial intelligence has been the main reason behind TenCoin's recent growth.
open network developers have allocated 5 million dollars of TON tokens to encourage Telegram users to authenticate themselves using palm scanning technology
#TONCOİN #BinanceLaunchpool
$BTC

💎💎 Important live analysis of bnb
The formation of a symmetrical triangle and it can be said that the waves are completed, as I also counted the waves of the triangle through Elliott (ABCDE).
It is a very sensitive place
The bottom of the lower side and corner of the triangle (E)
The property of the symmetrical triangle is that the price wave will move as long as side A
That is, in the case of descending from the triangle, it will go up to 496 and in the case of
The climb will move to the ceiling of 690
At the moment, it cannot be said precisely whether it will be done from the bottom (falling) or from the top (rising).
First, you should not lose the bottom support of the 575 triangle
And finally, if it loses the support of 567, which is its own fibo, it will fall
But for now, there are no complete signs of exit from the bottom of the triangle or collapse
It all depends on the bit movement that will lead the market to correction or upswing

#Bnb #BTCHalvingApril2024
$BNB $BTC

Study time: 2 minutesThe Token Unlocks account on Platform X has revealed that Injective Blockchain (INJ) is preparing to implement the final phase of its token release.According to this post, all INJ tokens will be fully released and distributed on January 21st, and after release, 3.66 million INJ tokens will be in circulation.The token release allows participants who have missed out on INJ's impressive price performance to own a share of the cryptocurrency.At the time of publishing this news, the injective token is priced at $37.70. The price ceiling of this digital currency was recorded on December 26, 2023, reaching the level of $44.61.Market data also shows that the price of this cryptocurrency has grown by around 3515% since its release in 2020. Some market participants believe that this cryptocurrency could start another rally after the token release event.Captain Fibek is one of the analysts who believes in the potential of this digital currency to rise.INJ 4HAccording to him, a bullish flag has formed in the chart of this digital currency and its price may increase up to 60 dollars. On the other hand, signs of descent are also observed in the injective chart.However, as long as the price can stay above $35, an upward movement and even reaching levels like $60 will be possible$INJ $XRP $BNB #Injective🔥

Study time: 3 minutesThe US Securities and Exchange Commission (SEC) may approve all 12 applications submitted to launch a spot bitcoin exchange-traded fund (ETF) within the next 8 days.According to Bloomberg analysts James Seyfarth and Eric Balchunas, the SEC is opening an eight-day window from Nov. 9 to 17 in which all requests to launch spot bitcoin ETFs — including the conversion of Grayscale's Bitcoin Trust Fund (GBTC) ) to an ETF. Of course, these two analysts went on to emphasize that the approval of these requests is only a possibility.While the deadline for all 12 filings is Nov. 17, Seyfarth added that the SEC could technically make a decision on nine of the 12 applications before Jan. 10. While approval of the spot bitcoin ETF is by no means guaranteed, Seyfart and Balchunas predict a 90 percent chance that these applications will be approved before January 10 of next year.Meanwhile, while market participants eagerly await the SEC's decision, asset management firm Grayscale has begun discussions with the commission about its plan to convert its GBTC fund into a spot bitcoin ETF.With the increase in the possibility of spot bitcoin ETF approval, optimism has increased in the crypto market and the price of bitcoin has grown by more than 30% in the last month. At the time of writing, Bitcoin is trading in the price range of $36,650, which is a 3.75% increase from the previous day.One-day candlestick chart of Bitcoin price.Meanwhile, data from Santiment's analytics platform also shows that traders are opening new buy positions as Bitcoin price rises recently. In this regard, it should be noted that the open interest of Bitcoin has reached 7.2 billion dollars, which is the highest level since the beginning of August.While many in the crypto industry are confident that the approval of a spot bitcoin ETF will kick off the next bull market, some analysts are still unconvinced that this rally has staying power.#etf #BTC $SOL $BTC

Analysts at JPMorgan Bank (JPMorgan) have stated that they are skeptical about the recent growth of the crypto market, and in their opinion, the upward trend of the market in recent days has been too long. They have noted that they will be cautious in the future as well; Because the crypto market may be affected by the "buy the rumor, sell the fact" phenomenon.According to Deblock , JP Morgan analysts led by Nikolaos Panigirtzoglou have announced in their new report that 2 important factors contributed to the growth of the crypto market last month. However, they have emphasized that they are not sure about the validity of these two factors.What you read in this articleBitcoin spot ETFs likely to be approvedThe crypto industry is still not fully regulatedBitcoin halving effectBitcoin spot ETFs likely to be approvedThe first is the possibility of spot bitcoin exchange-traded funds (ETFs) being approved in the US, which some traders believe could inject new capital into the crypto market. Activists of the digital currency market believe that such an event is a big win for the crypto industry and a big loss for the US Securities and Exchange Commission (SEC). They went on to emphasize that the SEC's approach will become more lenient in the future:We think that after spot ETFs are approved, instead of new capital flowing into them, existing funds in bitcoin-based funds, including the Grayscale bitcoin trust fund, futures funds, and publicly traded mining companies, will flow into the new ETFs. will be.In addition, the aforementioned analysts emphasized that spot bitcoin ETFs have already been launched in Canada and Europe; But they have attracted little capital. That's why they are skeptical about new capital flowing into spot bitcoin ETFs in the US.The crypto industry is still not fully regulatedAccording to analysts at JP Morgan, the SEC's failure in cases involving Ripple and Grayscale companies has helped boost the crypto market. However, they noted that this does not guarantee that crypto market regulations will be eased in the future. These analysts continued:Given that much of the crypto market is still illegal, it's not entirely clear whether the industry's rules and regulations will be significantly loosened in the future. Crypto laws and regulations in the US are still on hold. With the FTX scam still not forgotten, we can't be sure that US lawmakers will change their stance just because of these 2 victories.Bitcoin halving effectOne of the reasons why many traders are optimistic about the future of the crypto market is the Bitcoin halving event in April or May 2024. In general, halving causes the price of Bitcoin to increase by reducing its new supply. However, according to JP Morgan analysts, this event has had an impact on the price of Bitcoin and may not lead to its price growth in the future. They emphasized:This argument is not very convincing; Because Bitcoin halving and its impact are predictable and in our opinion, it is included in the price of Bitcoin. For example, examining the cost of producing Bitcoin after halving and hash rate and the difficulty of mining it, shows that the cost of producing BTC goes from $21,000 to about $43,000. The price of 35,000 dollars is also compatible with a 20% decrease in the hash rate of Bitcoin; Because miners who were in expensive locations or didn't have very efficient hardware, have left the market. This is reasonable in our opinion and shows that the halving event has had a great impact on the price of Bitcoin.In general, JP Morgan analysts have stated that they will be wary of the crypto market in the future; Because they believe that the approval of the Bitcoin spot ETF may be affected by the "buy the rumor, sell the fact" phenomenon. In this phenomenon, the price of digital assets increases after the news about an event is published, but decreases after its implementation and with the increase of investors' sales.#BTC #etf $BTC $SOL

Ripple's significant growth in just 24 hoursRipple cryptocurrency had a significant growth during the last day and night with an 8.5% increase in price, and in this respect, it is one of the market leaders; That is, it surpassed Bitcoin and Ethereum. Studies show that this growth can be caused by positive news about this network during the last few months.following the significant price growth of this currency during the past day and night, the attention of investors and those interested in the cryptocurrency market has been drawn to this popular cryptocurrency again. Ripple, which has now expanded its international activities after winning against the Securities and Exchange Commission, is seeking cooperation with global banks and financial institutions.Ripple with the symbol XRP has managed to attract more attention in the last 24 hours by registering a better performance than major cryptocurrencies such as Bitcoin and Ethereum. The price of this currency reached $0.67 with a significant increase of 8.5% on Sunday, and its trading volume increased from $1 billion to more than 3 billion during the last day and night. It is worth mentioning that the fifth-ranked Ripple overtook Binance Coin for a few hours to become the fourth cryptocurrency in the market in terms of total value.Santiment, an on-chain data analysis company, noted this growth in a post on the X social network today and said: Ripple has grown by 23% against Bitcoin over the past week alone. Currently, wallets with a balance of 100 thousand to 1 billion units of this currency have 45.8% of the total supply, which is their highest level during 2023.Beyond the importance of the restocking of whales, the current price increase is due to two important developments of this company at the global level. This series of positive news fuels the optimism of various investment groups towards the future of this network.The Dubai Financial Services Authority issued a statement on November 2 agreeing to list the cryptocurrency Ripple on its list of supported cryptocurrencies. This causes Ripple to be recognized in the Dubai International Financial Center. This approval allows more than 4,000 financial institutions operating in this special economic zone to use it to conduct their transactions. This news evokes a promising path for the adoption of Ripple in Middle East countries. A region that is increasingly using digital currencies thanks to leading countries. In addition, Ripple's recent collaboration with the National Bank of Georgia in the Lari Digital pilot project has attracted the attention of investors. The National Bank of Georgia has announced the Ripple Labs blockchain network as its official partner for the development of Digital Larry. The technology company Ripple Labs announced in its statement after this agreement: This partnership includes the implementation of a pilot project of Digital Larry through Ripple's CBDC platform. The Central Bank of Georgia hopes that by benefiting from our capabilities and using this creative platform, it will be able to correctly evaluate the potential applications of digital lari, determine its benefits for various sectors of the industry and special applications for microtransactions. But we must not forget that the beginning of this company's international adventures goes back to its recent victories against the United States Securities and Exchange Commission. On October 19 of this year, the US Securities and Exchange Commission dropped all remaining charges against Ripple CEO Brad Garlinghouse and Ripple Executive Chairman Chris Larsen, preventing any future claims from the SEC. It should be noted that with the potential approval of Bitcoin and Ethereum spot trading funds in the first quarter of 2024, it is possible to send large capital to the cryptocurrency market, especially popular currencies.#XRPPriceTargets #BRC20 $XRP $BTC

Cryptocurrency analyst Dave Viv said that Bitcoin could initially reach the $50,000 mark before returning to the support level around $35,000.A famous crypto analyst says that Bitcoin will grow by more than 400%.A prominent cryptocurrency market analyst known for accurately predicting Bitcoin's previous market path has shared an optimistic forecast for the future value of the leading digital currency.Cryptocurrency analyst Dave Vive said that Bitcoin could initially reach the $50,000 mark before returning to the support level around $35,000.According to his analysis, Bitcoin could start a huge rally, which is estimated to be worth $180,000 by April 2025, representing a staggering 424% increase from its current price.It also suggested that a smaller rally could occur ahead of Bitcoin's next halving event in 2024, potentially pushing the cryptocurrency's price beyond its all-time high.Backing up his bullish stance, the analyst pointed to the monthly moving average convergence divergence (MACD), a tool for spotting market trends, and believes he has entered a definitive bullish phase.In early October, the analyst said that the Ethereum and Bitcoin pair may be nearing the end of a significant wedge pattern. This could point to a potential upside breakout early next year.He predicted that Bitcoin's value would surpass traditional assets such as stock indices in about a decade.The total value of the global market of digital currencies is currently estimated at 1.32 trillion dollars, which has increased by 1.86% compared to the previous day. Currently, 52.17% of the total digital currency market is owned by Bitcoin, which has decreased by 0.23% in one day.The total volume of the digital currency market in the last 24 hours is 30.24 billion dollars, which has decreased by 21.83%. The total volume in decentralized finance is currently $3.61 billion, which is 11.94% of the total 24-hour cryptocurrency market volume, and the volume of all stablecoins is now $25.51 billion, which is 84.36% of the total volume. It forms a 24-hour digital currency market#BTC #BullRun $BTC $BNB

The developers of Shiba Inu deployed the Shiba Name Service (SNS) in the second layer of Shibarium .According to Valx and quoted by dailycoin, on the last day of October 2023, when the developers unveiled the first part of the SHIBDentity system, a new era began in the second layer network of Shiba Ino, Shibarium. The Shiba Name Service (SNS) is designed to help users leave complex addresses on the blockchain.Shibarium's second layer scaling solution brings a transformative innovation with easily readable addresses on the blockchain. But these addresses also play a role in finalizing a larger plan to create a complete, decentralized digital identity through verifiable credentials.SNS is made available to users through name.shib.io. For example, getting an address named Wallex.SHIB currently costs 20 Shibaswap Bones (BONE). Shibarium's official gas token is used to buy these addresses. At the same time, users can use different Web3 wallets, including Coinbase, Metamsk, TrustVault, and Rainbow, to get their domain.Kusama reveals the main features of SHIBDentityThe general characteristics of SHIBDentity The Shiba Ino ecosystem revolves around several key axes:Self-trusted authentication via Web 3 : This removes the need for user identification via traditional or Web 2 methods, meaning they regain control of their data.Decentralized and Verifiable Credentials : In SHIBDentity, credentials are stored directly as such, not in a company-owned database.W3C Standard Compliance : Creating a Web Consortium for Global Standards for Autonomous Identities. This enables cooperation between autonomous identities in different applications.SHIBDentity Karma System : The built-in trust system allows network members to organically build trust on the blockchain without relying on personal connections.It's on the coin!Shiba Token developers' ambitions for its Super App could challenge Elon Musk's Platform X , as the concept is exactly that of an all-in-one digital identity-based app.However, Shiba Inu plans to combine decentralized autonomous organizations (DAOs) and encrypted messaging in order to eliminate intermediaries#SHIBCommunity #etf #BTC $SHIB $XRP $DOGE

Study time: 2 minutesMemecoin, with the abbreviation MEME, is one of the new cryptocurrencies in the market, which has attracted the attention of many investors and has been added to the list of many exchanges within a few days.MemeCoin, an ERC-20 token on the Ethereum network, was launched as a native token of the ecosystem introduced by Memeland, a web 3 investment studio created by 9GAG, and quickly gained popularity.Despite no potential benefits or returns being promised in the Memecoin whitepaper, MEME has gained a lot of popularity in recent days, complete with a listing on the Binance exchange.With 2023 being the year for meme coins, crypto enthusiasts are now asking whether the new meme coin MEME can follow the path of popular meme coins such as Dogecoin, Shiba Inu, and Pepe.Meanwhile, various platforms are reporting that the stats for the Memecoin airdrop have been staggering, with eligible individuals receiving 2.35 billion MEME tokens worth approximately $52.4 million.The digital currency sparked more speculation in the crypto community after it was listed by Binance on November 3rd and surged more than 2,500% in its first trading hours.In addition, Binance has also provided other attractive offers for users. According to Binance's statement, until further notice, the exchange will apply a zero maker fee to trading pairs MEME/FDUSD and MEME/TUSD.In addition, the Binance Futures service has also introduced the USD-M MEME permanent contract, which has a leverage of up to 50 times. It is expected that this strategic move by Binance will lead to more interaction and activity in the meme coin market#MEMEusdt #BTC #etf $MEME $BNB $BTC

Study time: 2 minutes

Shiba Inu lead developer Shitoshi Kusama has released the final update to Shibarium's scalability solution; which indicates the restart of this layer 2 network for the public.

With over 65,000 wallets and 350,000 transactions reported since its launch on August 24th, Shibarium has grown significantly. Kusama thanked Paligan, Unification, and other developers for their support during the Shibarium mainnet outage, stating that Shibarium is now up and running well.

Kusama also provided updates to the safety of the Shibarium Bridge's funding and functionality. He assured the community that the funds were secure and that the bridge was functioning properly. A Sheba, LEASH and Rapid Ethereum withdrawal through the bridge is expected to take 45 minutes to 3 hours, with a minimum of 2 checkpoints. However, BONE may take up to 7 days to harvest.

He went on to warn the community to exercise caution when investing in cryptocurrencies built on Shibarium, stressing the importance of due diligence. Kusama also shared technical details including the bridge address, RPC (node ​​running the blockchain client key software), and chain ID for Shibarium.

Shitoshi Kusama had already outlined plans to improve Shibarium's performance by 1,500% to increase security, stability and decentralization. The updated Shibarium includes a new monitoring system and additional fail-safe processes, such as RPC-level rate limiting and automatic server reset.

While the initial public launch of Shibarium on August 24th led to a 15% increase in the price of Shiba Ino ecosystem cryptocurrencies such as BONE and LEASH, the price of Shiba is now under pressure following the relaunch of the network and has fallen by 2% in the past 24 hours. Is; And it is trading in the range of $0.0000079. The price of BONE is around $1.33, which has decreased by 3% in the last 24 hours.

Despite price volatility, and with significant token movement from exchanges in recent times, there has been a significant increase in the number of Shiba and BONE holders. This shows continued interest and activity in the Shiba Inu ecosystem

#cryptocurrency #BTC #Shibainu #BinanceTournament

$SHIB $BNB $PEPE

Study time: 2 minutes

In an effort to tackle tax evasion in the cryptocurrency space, the US Treasury Department has unveiled a proposed rule that would require cryptocurrency brokers, including exchanges and payment processors, to share user information, including details of cryptocurrency sales and transactions. Report to the Internal Revenue Service (IRS).

The move is part of a broader effort by Congress and regulatory authorities to ensure tax compliance in the cryptocurrency industry.

The US Treasury Department believes this new approach will help people more effectively meet their tax obligations. Under the proposed rule, the definition of broker covers a wide range of entities, including centralized and decentralized cryptocurrency trading platforms, cryptocurrency payment processors, and online wallets that store digital currencies. This comprehensive approach ensures that the various entities involved in cryptocurrency transactions are subject to reporting requirements.

The law also covers popular cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), as well as non-fungible tokens (NFTs). Additionally, it extends reporting requirements for cash transactions over $10,000 to digital currencies.

The Biden administration sees these measures as a tool to increase transparency and reduce the possibility of tax evasion in the cryptocurrency ecosystem. It is estimated that these new rules could generate about $28 billion in additional tax revenue over the next decade.

If implemented, the proposed rule would apply to brokers starting in 2025 and for the next tax filing season of 2026. The Treasury Department and the Internal Revenue Service are requesting feedback on the proposal through Oct. 30 and have scheduled public hearings to gather more stakeholder input.

#crypto2023 #BTC #pepe #crypto #bitcoin

$BTC $BNB $PEPE