Meme coins still top performers in sector YTD despite big drop

Q3 was a tough quarter, especially for meme coins, with the top 10 meme coins by market cap seeing a drop of 70% or more
However, meme coins are still the best performing sector — according to Murad, of the 42 tokens that outperformed BTC, meme coins dominate
Solana-based POPCAT is the leading company, with year-to-date gains of over 10,670%

Information based on Coinmarketcap Q3 2024 report

#TopCoinsSeptember

As per Coinmarketcap's report, the image reflects the continents and their most popular currencies.

Bitcoin and Solana reign among top2.

#TopCoinsSeptember

Q3 sentiment remains bearish; BTC dominance hits highest level since April 2021
The CMC Crypto Fear and Greed Index, which measures market sentiment based on the price and trading activity of several large-cap coins, is at 53 (Neutral). Q3 market sentiment has been consistently bearish, within the range of 26 (Sept. 07) and 63 (July 22).
The CMC Altcoin Season Index is currently at 29. BTC dominance at 56.8%, the highest since April 2021.

Visa will launch a platform for Brazilian banks to create their own cryptocurrencies on the Ethereum network.

Eduardo Abreu, executive director of new business development at Visa, revealed during the Digital Assets Forum, held by Blockworks with Cantarino Brasileiro, that Visa will launch a platform for banks in Brazil to create their own cryptocurrencies on the Ethereum network.

The platform is already available in a test environment, with APIs, and already has an international partnership with BBVA. Now, we are bringing this innovation to Brazil. We are also approaching companies that tokenize digital assets, as we understand that the future of payments, especially with cards, is directly linked to this new digital economy," he said.

Regiane Pedroso, executive director of ABToken, revealed that the Federal Revenue Service is studying how to tax RWA tokens in Brazil.

"Receivables tokens, fixed income and other assets are bringing a lot of dynamism to the market, something that is highly anticipated. We met with the Federal Revenue Service, where it was clear that the normative instruction will undergo a reform, with special attention to the taxation of RWA tokens", he said.

According to Regiane Pedroso, ABToken has been proactive in working groups focused on the development of financial assets and stablecoins. "We are in constant dialogue with the CVM, addressing companies' demands and seeking solutions for the sustainable growth of the sector," said Pedroso, highlighting the relevance of the regulatory review.

Some Bank of America customers who saw $0 balances noted that their debt was still “conveniently” showing up.

Reports of issues began around 16:26 UTC on October 2 and peaked an hour later, with nearly 18,000 Bank of America customers reporting issues in a 15-minute span, according to data from real-time network outage monitoring platform Downdetector.

Bank of America has not issued a public statement addressing the issues, though it reportedly told CNN that the network outages have been “largely resolved.”

Fantom price defies the cryptocurrency market’s bearish trend as traders anticipate a new token launch and mainnet upgrade.

The FTM price hike follows community excitement for the upcoming upgrade known as the Sonic upgrade, which is scheduled for November or December.
The new Sonic chain is expected to significantly improve network performance by introducing a new Fantom Virtual Machine (FVM), optimized Lachesis consensus engine, and Carmen database storage.

Bulls are struggling to hold BTC’s support at $60K but face strong selling pressure from bulls who want to take BTC to a retest at $55K.

#TopCoinsSeptember #Bitcoin

Risk remains high as investors eye possible Israeli retaliation to Iran's attack, as well as new US jobs data.

#TopCoinsSeptember #Bitcoin

A Consensys poll shows that nearly half of U.S. voters consider crypto important in the upcoming election.

85% of crypto owners want pro-crypto policies from presidential candidates

56% of voters support Trump’s pro-crypto approach, while 54% want Harris to clarify her stance

Swing states like Michigan and Pennsylvania could be influenced by candidates' crypto positions

#TopCoinsSeptember #Bitcoin

Hamster Kombat (HMSTR) has dominated cryptocurrency trends over the past few months as one of the most followed blockchain projects of 2024.

Although the team revealed a profitable roadmap to sustain early investor enthusiasm, the altcoin suffered a sharp decline following its highly anticipated airdrop and official listing on Thursday, September 26.

HMSTR price has seen a rapid decline of over 40% over the past day amid increased selling momentum as many airdrop recipients offloaded their coins.

Imagine playing a crypto game, convinced you’re just one step away from becoming a multi-millionaire, only to end up with dashed expectations. That’s the story of Hamster Kombat.

Launched on March 26, 2024, Hamster Kombat exploded on Telegram. The game allowed users to mine coins by tapping on their screens and completing tasks, giving players the role of a cryptocurrency exchange CEO, where they invested coins in startups to increase profits.
It gained a lot of traction, but things quickly went downhill, leaving millions of people disappointed. So what caused Hamster Kombat to collapse? In this video, we’ll cover its rise, what made it popular, and the critical mistakes that caused its downfall.