Cryptocurrency

The CFTC asked the court to block Kalshi from offering election betting contracts until it reviews the reasoning for the denial of its order.

Liquidity of Ether on US exchanges has plunged as much as 40% since the first spot Ether exchange-traded funds entered the market on July 23, 2024. Related Reading: Cardano Bull Sees ADA Jumping 1,000% In An ‘Insane’ Rally That is a move rather expectedly coming for traders and analysts that had previously viewed the ETFs as a means to improve market liquidity and therefore stabilize prices. Instead, what has taken place is rather different: the average market depth of 5% for ETH pairs has fallen to around $14 million. Meanwhile, offshore exchanges are posting a similar decline at about $10 million in liquidity. Ether Liquidity Down Following the launch of nine ETFs in July, Ether’s liquidity plummeted 20% on US markets and 19% on offshore locations. The decline in liquidity is one thing that raises concerns and, more importantly, it signals greater sensitivity to large orders. With shallow market depth, it follows that even minor trades can result in dramatic changes in prices. Jacob Joseph, a research analyst at CCData, said that liquidity is still better than at the beginning of the year but has really dropped almost 45% since its peak in June. Poor market conditions and seasonal effects are mainly responsible as summer months will have fewer trading activities. Market Dynamics And ETF Performance Their introduction was expected to increase liquidity, much as it had done in the case of the Bitcoin ETFs introduced earlier this year. However, the Ether market hasn’t responded as well. In the period since their introduction, Ether ETFs have suffered from over $500 million in cumulative outflows. That has contributed to a general decline in liquidity, making markets even more volatile. Surprisingly, ETFs have had their own performances. For instance, Grayscale’s ETHE ETF witnessed an outflow as high as $10.7 million, while BlackRock’s ETHA ETF saw an inflow as low as $4.7 million. Such mixed results hint that Ether markets are yet to come out of their troubled times, with investments reflecting investors’ reluctance to commit capital in unsure times. Related Reading: Aptos (APT) Dips 15% As New Innovations Fail To Spark Momentum Implications For Traders And Investors A drop in liquidity is a challenge for traders and investors alike, actually. In states of low liquidity, the slippage is much higher, and the price for the execution is costlier. The big problem lies in the fact that the institutional investors like their markets stable and with good liquidity. If these large players stop full operations, that could create some kind of vicious cycle when the liquidity will be even lower and prices go further down. For now, Ether trades hands at about $2,258, down over 4% in the past 24 hours. The wider cryptocurrency market is also under stress: All major altcoins, including Solana and Ripple, are in the red, posting losses in a range between 2% to 4%. Going forward, market participants will be in a position where expected benefits of the ETF introductions have not materialized for Ether. With potential interest rate cuts by the Federal Reserve, market attention in the future might shift to how these changes are going to affect liquidity and trading activity in the months ahead. Featured image from Getty Images, chart from TradingView

Helium (HNT) defeats the market’s bearishness as its new developments drive hype for the long term. According to CoinGecko, HNT rose by 13% despite the market’s continued fall in the short term. Related Reading: Cardano Bull Sees ADA Jumping 1,000% In An ‘Insane’ Rally HNT has been boosted by continued on-chain developments that have driven the limelight towards the platform. However, with the market dips continuing to mount losses for investors, the token’s future gains might already be in jeopardy.  New Proposals And Expanding Network Drive New Growth In an X post, Helium revealed that HIP 124, titled “ Securing IOT Governance Through Voting Rewards”, was passed in a recent voting round. According to Helium, the vote swung in favor of HIP 124 with over 95% of users agreeing to the implementation of the proposal. This is due to the proposal’s main points.  HIP 124: Securing IOT Governance Through Staking Rewards Passed ✅ HIP 124 introduces rewards for veIOT holders who actively participate in governance votes on the IOT subnetwork. This proposal is aimed at boosting voting turnout in the IOT Network’s governance. HIP 124 passed… — Helium Foundation 🎈 (@HeliumFndn) September 5, 2024 HIP 124 is mainly concerned with the governance side of Helium which, as of writing is an “opportunity cost” for users of the platform. To vote on Helium, a user must lock IOT to gain veIOT, the token’s version used for voting on the platform. Since there are no rewards for users participating in governance, participation is still relatively low compared to Helium’s users. To offset the cost related to participating in governance, HIP 124 will enable rewards for veIOT holders which will come from HIP-52’s 7% bucket allocated emissions that are dedicated to decentralized oracles which, according to the platform, is currently “not emitted.”  With Helium lowering the financial barrier for governance participation will greatly affect voter turnout once a new proposal is under the voting process.  Source: Helium Stats In addition to this new development, Helium Mobile’s network has expanded once more. According to its official website, the Carrier Offload Program is now covered by a whopping 767 hotspots. This led to users on the platform growing with nearly 200,000 non-Helium subscribers using the network.  Exhausted HNT Might Fall Below $7.455 HNT’s position was the result of continued bullishness that started last month, but the current rejection by the $8.689 resistance level will drive the token downward despite positive on-chain developments. This will lead to HNT dropping below $7.455 in the short to medium term.  The token’s nearly maxed-out relative strength index (RSI) suggests that momentum is still in the hands of the bulls. However, the bulls have lost a ton of momentum since the start of the upward drive which will hurt gains in the long term.  Related Reading: Aptos (APT) Dips 15% As New Innovations Fail To Spark Momentum Fundamentally, HNT has great support with continuing on-chain developments and overall bullish investor sentiment. However, investors and traders should monitor the broader market as any broad swing by the market can make or break HNT gains in the long term.  Featured image from Pexels, chart from TradingView

Arthur Hayes revealed he “took a cheeky short” on Bitcoin, former Mt. Gox CEO Mark Karpeles will launch a new crypto exchange: Hodler’s Digest

Although the market dips even further after weak macro releases, Starknet (STRK) remains bullish with developments that offset the market’s fear, uncertainty, and doubt. According to CoinGecko, STRK rose nearly 23% since last week, keeping much of the bearish momentum at bay.  Related Reading: Aptos (APT) Dips 15% As New Innovations Fail To Spark Momentum On-chain developments have held investor confidence highly, with a major push for improving the Bitcoin ecosystem. Several protocols built on top of Starknet have reached new heights, further contributing to STRK’s bullishness. In the meantime, investors and traders can enjoy gains despite the market’s underperformance.  Protocol Growth Drives Starknet Investor Confidence Several protocols on top of Starknet reached new heights despite the market’s bearishness. zkLend, Starknet’s money-market protocol, has partnered with Chainlink, a decentralized oracle service, to provide the platform with accurate and tamper-proof market data.  ⚡️️We’re proud to announce that @zkLend has fully integrated price feeds powered by @Chainlink. 🔗 Chainlink provides industry-leading oracle services to cover prices of USDC, USDT, BTC, ETH, wstETH, STRK and DAI on zkLend, further enhancing the protocol’s security and… https://t.co/cLXbxDZKfx pic.twitter.com/oM6F9iLxj4 — zkLend (@zkLend) September 6, 2024 Chainlink will cover a handful of assets on-chain such as USDC, USDT, BTC, ETH, and many more. This will significantly improve user experience as well as security for zkLend’s activities as it leverages Chainlink’s robust network.  Vesu, a lending platform on Starknet, joined the list as the protocol reached $10 million in total value locked (TVL). According to DeFiLlama, the protocol is now ranked fifth since the start of the month after it rose from $7 million to nearly $10 million in a week, representing a 23% growth. 1/ 🎉 $10M TVL unlocked! 🎉 Thanks to our amazing community and builders for making this possible. 🤝 pic.twitter.com/DNIRGB2eDz — Vesu (@vesuxyz) September 6, 2024 NFTs on-chain are also seeing some interest as Realms was released as a part of Starknet’s blockchain gaming scene. Adding to the bullishness is the fact that Realm has support for Cartridge.gg’s Controller, a smart contract wallet dedicated wallet. This support will help in aiding user experience when players on games supported by Realms decide to trade their assets on the platform’s marketplace. Overall, Starknet’s growth in the long term is guaranteed. According to Dune’s statistics, the weekly transaction count grew by nearly 19% with active addresses within the same timeframe expanding by almost a percent.  Related Reading: Cardano Bull Sees ADA Jumping 1,000% In An ‘Insane’ Rally $0.447 Rejects Upward Trajectory, Halting Medium-Term Growth As of writing, STRK’s position remains favorable despite the crucial $0.447 resistance rejecting short to medium-term movement. The token might stabilize within the $0.388-$0.447 trading range before a breakthrough.  STRK’s continued upward relative strength index (RSI) hints at a few more days of bullishness before returning to stable levels. This will lead to a breakthrough before dropping again to its current trading range. If this occurs, STRK will experience a drop in volatility before the bulls can attempt to break through again.  However, the broader market’s bearishness has the potential to swing the entire market downwards. Weak macroeconomic indicators, might still be present in the long-term, but only to a lesser extent.  Featured image from Medium, chart from TradingView

The latest Trump family business venture — originally pitched as a DeFi platform dubbed “The Defiant Ones,” but has since been rebranded as World Liberty Financial — is fraught with controversy just days after it was unveiled. While Trump’s eldest…

The Bitcoin price dropped below $54,000 on September 6 as the flagship crypto experienced a massive wave of sell-offs from traders. This price decline was sparked by developments on the macroeconomic side, which painted a bearish outlook for Bitcoin.  Related Reading: Cardano Bull Sees ADA Jumping 1,000% In An ‘Insane’ Rally Bitcoin Slides Following Weak Job Report Bitcoin’s price retreated following a weak August job report. Data from the US Bureau of Labor showed that the unemployment rate fell to 4.2% while the labor market added 142,000 nonfarm payroll jobs. While the unemployment rate was in line with expectations, the job additions were lower than the expected 164,000, initially estimated by market experts.  This further casts doubt on Bitcoin’s trajectory, considering how fragile the US economy looks at the moment. This poses a threat to risk assets like the flagship crypto. The bearish outlook for Bitcoin was further heightened by the revisions to the July and June job reports, which showed that the US added fewer jobs than was initially reported in those months.  Earlier, Bitcoin had already had an unpleasant start to September, which is historically very bearish for the leading crypto. NewsBTC reported that Bitcoin had suffered a price crash earlier in the week due to the markets still feeling the effects of the Yen carry trade and following significant volatility in the US stock market, with over $1.05 million being wiped out on September 3.  Macroeconomic factors remain primarily responsible for Bitcoin’s recent bearish price action and the broader crypto market, especially with a rate cut from the US Federal Reserve still in the balance. It is worth mentioning that the July job reports (the lowest job additions over the last two years) and the Yen carry trade were responsible for the August 5 market crash, which caused Bitcoin to drop below $50,000.  Interestingly, Arthur Hayes, the co-founder of the BitMEX crypto exchange, stated that he expects Bitcoin to drop below $50,000 this weekend, revealing that he had opened a short position.  A Rate Cut Looking More Unlikely  For a while now, the crypto market has been anticipating that the Fed will cut interest rates at its next FOMC meeting, which will be held between September 17 and 18. Bernstein analysts predicted that this move would provide some form of bullish momentum for Bitcoin’s price. However, a rate cut, especially by 50 basis points (bps), is now unlikely following the release of the job data. Crypto commentator The Kobeissi Letter highlighted in an X (formerly Twitter) post that the odds for a 50bps have dropped to 23% on the prediction markets. The Fed might no longer be in a hurry to cut rates since the situation in the labor market isn’t as bad as it was initially feared following the release of the July jobs report.  Related Reading: Aptos (APT) Dips 15% As New Innovations Fail To Spark Momentum Whatever happens, crypto analysts like CryptoCon are confident that the worst is almost over for Bitcoin. CryptoCon recently noted that Bitcoin was mirroring its price action from the 2016 market cycle and suggested that the flagship crypto was gearing up for its next leg up, which would take it to a new all-time high (ATH).  At the time of writing, Bitcoin is trading at around $54,150, down almost 4% in the last 24 hours, according to data from CoinMarketCap.  Featured image from EastMojo, chart from TradingView

The company has also partnered with Shopify to enable physical merchandise sales from directly within Roblox experiences.

Tether's move to back a synthetic dollar with gold could enhance stability and transparency in the crypto market, especially amid regulatory scrutiny. The post Tether uses gold to back new synthetic dollar as gold is less volatile than Bitcoin, says Paolo Ardoino appeared first on Crypto Briefing.

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PEPE is facing intense bearish pressure, with its price trending downward toward a critical support level at $0.00000589. Recent market actions have shown that the bears are firmly in control, pushing the token closer to this key threshold. As sellers continue to dominate, the question is whether the bulls can step in to defend this level or if PEPE is set for further declines.  This article will analyze PEPE’s recent price action as it nears the critical support level at $0.00000589 by examining key technical indicators and market dynamics. It will explore whether the bulls can mount a defense to prevent further losses or if the bears will drive the token lower, aiming to provide a potential future outlook for the cryptocurrency. With a market capitalization exceeding $2.8 billion and a trading volume surpassing $602 million, PEPE was trading at approximately $0.000006683, reflecting a 6.47% decrease at the time of writing. In the past 24 hours, its market cap has dropped by 6,47%, while trading volume has increased by 74.80%. Current Market Sentiment: Bearish Signals Dominate On the 4-hour chart, although PEPE is attempting to move upward, it has maintained its downward trajectory after successfully breaking below the $0.00000766 level, continuing to trade below the 100-day Simple Moving Average (SMA). The asset is moving closer to the $0.00000589 support level, with negative market sentiment persisting. Also, the Relative Strength Index (RSI) on the 4-hour chart is currently at 31%, indicating that PEPE is in the oversold zone. This level suggests that selling pressure has been strong, potentially hinting at a short-term rebound or consolidation if the bears do not maintain dominance. On the daily chart, PEPE has shown significant bearish momentum since breaking below the $0.00000766 level and trading under the 100-day SMA. While the cryptocurrency is currently attempting an upward move, this rebound could be short-lived due to the prevailing bearish sentiment, which continues to exert pressure on the price. Finally, the RSI signal line on the 1-day chart is currently sitting at 36% as it continues to trend below the 50% threshold, suggesting that PEPE remains under bearish pressure, with the potential for bears to regain control and push the price lower. What’s Next For PEPE: Outlook For The Coming Days The current bearish trend, marked by negative momentum indicators, suggests that the bears could drive the price of PEPE to the $0.00000589 support level. If this support is broken, it could trigger further bearish action, potentially pushing the asset down to the $0.00000398 support level and possibly lower. However, if PEPE bounces back at the $0.00000589 support, it could retrace towards the resistance level at $0.00000766. Should the crypto asset break above this level, it could signal a further upward movement, possibly targeting the $0.00001152 resistance range and other higher levels. Featured image from iStock, chart from Tradingview.com

Arguably the two most popular strategies to make a return in the DeFi space have been staking and yield farming.

Explore an in-depth examination of RWA Coins price outlook in the current market context. The article provides expert insights and anticipations based on recent market trends and cryptocurrency forecasts.

Venture capitalists are raising a ton more money for crypto-related funds this year compared to last year’s dismal downturn. According to the latest report from PitchBook, published on Sept. 5, the median fund size is up 65.1% to $41.3 million…

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A crypto analyst has revealed that the price of Bitcoin might be gearing for a fresh rally after the appearance of a bullish on-chain signal. Bitcoin UTXOs In Profit At Lowest Level Since 2023 — Here’s Why In a QuickTake post on the CryptoQuant platform, an analyst with the pseudonym EgyHash shared an interesting on-chain insight into the Bitcoin price. This on-chain observation revolves around the Bitcoin UTXO (unspent transaction output) metric, which tracks the amount of cryptocurrency that remains following the execution of a transaction. Related Reading: Here’s How Cardano Price Will ‘Survive’ A US Recession: Crypto Analyst The percentage of these unspent cryptocurrencies in profit gives an insight into the market’s current condition. For instance, an increase in Bitcoin UTXOs in profit suggests that most investors are in the green, which can either motivate them to keep faith in the coin or, in some scenarios, push them to take profit. On the other hand, when a higher percentage of UTXOs are in loss, it means that more investors are holding a loss, suggesting a negative market sentiment. According to the CryptoQuant analyst, the percentage of Bitcoin UTXOs in profit has steadily declined, recently falling to its lowest level since October 2023. Data from CryptoQuant shows that the proportion of Bitcoin UTXOs in profit decreased from 99% in June 2024 to 68.5% in September 2024. Interestingly, this market phenomenon has coincided with a recent fall in the price of Bitcoin. The crypto analyst noted that the decline in Bitcoin’s price seems to be associated with profit-taking, as investors are selling their coins to realize some gain. Meanwhile, this is supported by the aforementioned decline in the percentage of Bitcoin UTXOs in profit. Nevertheless, it may not be all bad news for the premier cryptocurrency with the UTXO metric currently at a multi-month low. Historical data shows that the proportion of BTC UTXOs in profit being at its current level could be a signal of a market bottom. The last time the Bitcoin UTXOs in profit slumped to 68.5%, the price of Bitcoin rallied 175% from $26,700 to a new all-time high of $73,737. While there is no guarantee there will be a repeat rally from the current point, investors might still want to pay attention to other relevant on-chain metrics. BTC Price At A Glance As of this writing, the price of Bitcoin is slightly under the $54,000 level, reflecting a 4.1% decline in the past 24 hours. According to data from CoinGecko, the flagship cryptocurrency is down by more than 9% in the past week. Related Reading: Solana To $100 Inevitable After This Break? SOL Forms A Triple Bottom Featured image from iStock, chart from TradingView

A Washington DC-based serial entrepreneur who was fortunate enough to buy PEPE at its inception has now shifted focus to a new rising star in the meme coin space: Mpeppe (MPEPE), a casino-themed meme coin currently priced at $0.0021. Let’s explore why this entrepreneur, who has a history of making big gains with PEPE, has turned to Mpeppe, and how this token is poised for a breakout. The Rise and Stumble of PEPE Pepe Coin (PEPE) made a splash in the meme coin world earlier in the year, peaking with a market cap exceeding $7 billion. Investors flocked to the token as it rapidly gained value, driven by community enthusiasm and market hype. However, like many meme coins, Pepe Coin (PEPE) couldn’t sustain its momentum for long. After hitting its peak in May 2024, the token has been on a steady decline, losing over 58% of its value. Currently, Pepe Coin (PEPE) is trading 7% lower this week, bringing its market cap below $3 billion. The overall bearish market conditions have certainly played a role in PEPE’s decline, but some analysts believe that its potential for a rebound still exists, particularly as “Uptober” approaches—a period historically known for market recoveries. However, the entrepreneurial mind is always looking for the next opportunity, and this is where Mpeppe (MPEPE) enters the scene. Mpeppe (MPEPE) Steals the Spotlight As Pepe Coin (PEPE) struggles to regain its previous highs, Mpeppe (MPEPE) is emerging as a new force in the meme coin arena. Built around a casino and online entertainment concept, Mpeppe is drawing attention not just for its fun and humorous appeal, but also for its robust ecosystem, which is designed to engage users through gamification and rewards. The entrepreneur who profited from Pepe Coin (PEPE) early success has now invested in Mpeppe (MPEPE), recognizing its potential as the next big meme coin to watch. Currently priced at $0.0021, Mpeppe is in the midst of its presale and has already raised an impressive $1.8 million, with over 97% of its tokens sold. This overwhelming interest from investors and the community suggests that Mpeppe is poised for significant gains once it officially launches. Why Mpeppe is Attracting High-Profile Investors One of the key reasons Mpeppe (MPEPE) is garnering attention from high-profile investors, including this Washington DC entrepreneur, is its casino-themed platform. Unlike many meme coins that lack real-world utility, Mpeppe has created a decentralized casino ecosystem that allows users to earn rewards while participating in various gaming activities. This integration of entertainment and financial opportunity is a compelling proposition for investors looking for more than just speculative gains. The casino aspect also taps into a massive and lucrative market. Online casinos and gaming platforms are booming, and Mpeppe’s ability to combine this industry with the viral nature of meme coins gives it a unique edge over other tokens like Pepe Coin (PEPE). Investors see this as an opportunity not just for short-term gains, but for sustained growth driven by real use cases and community engagement. The Future of Mpeppe: What Investors Can Expect As Mpeppe (MPEPE) presale nears completion, excitement is building within the crypto community. The token has already experienced a 150% rally, and many believe that this is just the beginning. The platform’s roadmap includes plans for listing on Tier-1 exchanges, which could further drive demand and increase the token’s price in the coming months. For the Washington DC entrepreneur who made a fortune with Pepe Coin (PEPE), Mpeppe represents a new frontier in the meme coin space. By investing early, he’s betting on the token’s ability to replicate or even surpass PEPE’s success. With a strong community, a unique value proposition, and a rapidly growing ecosystem, Mpeppe is shaping up to be a formidable contender in the world of meme coins. Conclusion: A Strategic Move for Meme Coin Enthusiasts The shift from Pepe Coin (PEPE) to Mpeppe (MPEPE) by this seasoned entrepreneur highlights the growing belief that Mpeppe could be the next big winner in the meme coin market. As Pepe Coin (PEPE) continues to experience volatility and struggle with price stability, Mpeppe offers a fresh opportunity for investors looking to capitalize on the next wave of meme coin mania. For those who missed out on PEPE’s initial rise, Mpeppe’s current price of $0.0021 and its innovative casino-based ecosystem provide an enticing entry point. With Tier-1 listings on the horizon and continued community growth, Mpeppe may very well become the breakout meme coin of 2024.   For more information on the Mpeppe (MPEPPE) Presale:  Visit Mpeppe (MPEPPE) Join and become a community member:  https://t.me/mpeppecoin https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ  

Solana (SOL) has been struggling to maintain its momentum, with the token facing significant market volatility as it battles to reach the $140 mark. Investors who once celebrated Solana’s scalability and speed now find themselves concerned about the future of the coin as its price continues to face challenges. At the same time, Mpeppe (MPEPE) is gaining significant attention with its upcoming listing on tier-1 exchanges, sparking debate about whether it could reach the elusive $1 mark. Solana’s Volatility and Struggles to Hit $140 As of early September 2024, Solana (SOL) is grappling with intense market fluctuations. Once regarded as a key player in the blockchain space due to its fast transaction speeds and scalability, Solana is now encountering headwinds that are making it difficult for the token to maintain steady upward momentum. Despite attempts to rally, Solana (SOL) has not yet hit the $140 mark, which has led to a decline in investor confidence. Solana (SOL) price has been fluctuating, making it hard to predict whether the coin can sustain its long-term growth potential. With the broader market continuing to experience turbulence, some investors are questioning whether Solana (SOL) can break past its current resistance levels and make a move toward $150. While the potential is there, the ongoing volatility has many traders seeking out alternative opportunities that offer more immediate returns. Solana’s Market Chaos and Its Ripple Effects The market volatility surrounding Solana (SOL) has not gone unnoticed. Investors are observing significant sell-offs as the token faces downward pressure. This has eroded confidence in Solana’s short-term prospects, with some analysts predicting that the token could struggle to even maintain its current support levels. Many are beginning to question whether Solana can regain its previous highs, with the $140 mark proving to be a major hurdle. Despite these struggles, some analysts believe Solana still has a chance to rebound if the broader crypto market experiences a recovery. However, in the current climate, investors are increasingly looking elsewhere for opportunities, especially as Solana battles the harsh realities of a fluctuating market. Mpeppe (MPEPE): The Meme Coin Poised for Success While Solana (SOL) faces challenges, Mpeppe (MPEPE) is rapidly gaining traction in the meme coin sector. With its unique casino-based platform and deflationary tokenomics, Mpeppe has become one of the most talked-about meme coins in 2024. As Solana struggles to reach the $140 mark, Mpeppe’s presale has raised over $1.8 million, with over 66% of the tokens already sold. The coin’s price has surged by 150%, attracting both retail and institutional investors. The upcoming tier-1 exchange listing for Mpeppe has sparked a debate about whether the coin could eventually reach $1, a milestone that seems within reach given the current momentum. Mpeppe (MPEPE)’s strong community support, combined with its innovative platform and real-world applications, sets it apart from other meme coins that rely purely on hype. Solana’s Uncertain Future vs. Mpeppe’s Rising Dominance For investors looking to balance their portfolios, Mpeppe (MPEPE) offers an appealing alternative to Solana (SOL). While Solana’s technology and past success cannot be ignored, the token’s current struggles have left many questioning its near-term prospects. The inability to hit $140 has raised concerns about its long-term viability, especially as the market experiences intense volatility. In contrast, Mpeppe (MPEPE)‘s presale success and tier-1 listing have created significant buzz, positioning it as one of the most promising meme coins of the year. With its casino-based platform and deflationary mechanism, Mpeppe is expected to continue its upward trajectory, making it an attractive option for investors seeking substantial returns in a market that has been otherwise unpredictable. Conclusion: Solana’s Struggles and Mpeppe’s Path to Success As Solana (SOL) continues to face challenges, its journey toward $140 remains uncertain. Market volatility has weighed heavily on the token, causing many investors to explore alternatives. Mpeppe (MPEPE), with its strong presale performance and upcoming exchange listings, has emerged as a dominant player in the meme coin space, offering significant potential for growth. As investors debate the future of Solana and speculate on Mpeppe’s $1 dream, the next few months will be critical in determining the trajectory of both these assets. For more information on the Mpeppe (MPEPPE) Presale:  Visit Mpeppe (MPEPPE) Join and become a community member:  https://t.me/mpeppecoin https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ  

Musk previously signaled he was ready and willing to serve if Donald Trump is elected president of the United States.

The current market landscape for cryptocurrencies has been filled with volatility, and while larger assets like Solana (SOL) and Ethereum struggle to maintain momentum, there are signals of opportunities in projects like Mpeppe (MPEPE). With Solana facing challenges amid a broader bearish sentiment, investors are keeping a close eye on newer tokens like Mpeppe, which has demonstrated significant potential with strong presale results and growing community support. Solana’s Struggles Amid Market Volatility Solana (SOL), one of the prominent players in the crypto space, has recently faced substantial setbacks. The token’s price has experienced a downturn, reflecting the broader market’s turbulence. As of early September 2024, Solana is battling to reclaim the $140 price mark, a critical resistance point that has eluded it for weeks. Crypto analysts like Mikybull Crypto have noted that the current bearish trend may be the final phase before a larger market reversal. The struggles of the Nikkei 225 index in Japan have contributed to the liquidation of Bitcoin (BTC) and Ethereum (ETH) positions, as many investors close their carry trades based on the low interest rates in Japan. As a result, Solana has been caught in the crossfire of these broader macroeconomic trends, causing significant price fluctuations. Despite these challenges, analysts remain cautiously optimistic that a bull run could be on the horizon for Solana (SOL) and other altcoins. If this market turnaround materializes, Solana may be one of the first to experience a substantial price rally, potentially pushing its value well above $140. However, until that time, the token’s volatility continues to be a source of concern for investors. The Rise of Mpeppe (MPEPE): A New Market Favorite As Solana (SOL) struggles to regain its footing, Mpeppe (MPEPE) has emerged as a strong contender in the meme coin space. Currently in its presale stage, Mpeppe has raised over $1.9 million, with more than 66% of its tokens already sold. The meme coin has gained widespread attention for its innovative casino-based ecosystem, which includes staking and other gamified features. Mpeppe (MPEPE)’s unique appeal lies in its ability to combine the fun and community-driven aspects of meme coins with real-world utility. Unlike many other meme coins that rely solely on speculation, Mpeppe offers its users tangible benefits, including the ability to earn passive income through staking and participation in its platform. The upcoming listing of Mpeppe on tier-1 exchanges has further fueled speculation that the coin could experience massive gains. Analysts are pointing to a potential rally as Mpeppe continues to build momentum, with some even suggesting that the token could reach the $1 mark in the near future. This optimism has attracted both retail and institutional investors, many of whom are looking for alternatives to more volatile assets like Solana. Data Signals a Buying Opportunity for Both Solana and Mpeppe According to market data, both Solana (SOL) and Mpeppe (MPEPE) are showing promising buy signals. Solana, despite its current struggles, is still considered a strong long-term investment due to its robust blockchain technology and strong developer ecosystem. As the broader market begins to stabilize, many analysts believe that Solana could see a resurgence in price, especially if it breaks through the $140 resistance level. Mpeppe (MPEPE), on the other hand, has become the focus of attention due to its impressive presale performance and the potential for significant upside. The meme coin’s unique ecosystem, combined with its upcoming tier-1 exchange listing, has positioned it as a top contender for investors looking to capitalize on the next big opportunity in the crypto space. Conclusion: A Balanced Approach For investors looking to balance their portfolios, both Solana (SOL) and Mpeppe (MPEPE) offer intriguing opportunities. Solana’s current price struggles may present a buying opportunity for those willing to wait for a market recovery, while Mpeppe (MPEPE) strong presale results and unique features make it an attractive option for more immediate returns. As the market continues to evolve, data suggests that now may be an opportune time to consider both assets. Whether Solana can break through its current resistance or Mpeppe reaches its much-anticipated $1 target, the coming months will be critical for both tokens. For more information on the Mpeppe (MPEPPE) Presale:  Visit Mpeppe (MPEPPE) Join and become a community member:  https://t.me/mpeppecoin https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ  

As Toncoin (TON) continues its climb, surging 7% in the last 24 hours to reach $5.13, the token is attracting renewed interest from traders and investors alike. This price boost follows remarks made by Telegram CEO Pavel Durov, who recently spoke out against his arrest by French authorities, calling it a “misguided approach.” The news has stirred up positive sentiment for Toncoin (TON), driving its price and trading volume higher. Meanwhile, investors are also increasingly looking toward promising new projects like Mpeppe (MPEPE), a casino-themed meme coin, as it builds momentum in the presale phase. With Toncoin (TON) and Mpeppe (MPEPE) both gathering steam, analysts are taking a closer look at their potential trajectories Toncoin (TON)’s Recent Price Surge and Future Outlook The price of Toncoin (TON) has been volatile, with the coin trading in a falling wedge pattern that has kept it under bearish pressure for several weeks. Despite this, Toncoin (TON) recently found support at $4.50, providing the foundation for a bullish reversal. The price surge to $5.13 came amid increased trading volume, rising 14% to reach $521 million. Technical indicators suggest that this upward trend could continue. The Relative Strength Index (RSI) has rebounded from below the neutral zone, currently sitting at 44 and climbing. This indicates growing buying pressure for Toncoin (TON). Furthermore, the Moving Average Convergence Divergence (MACD) is moving towards a bullish crossover, signaling that momentum is shifting in favor of the bulls. If this bullish momentum continues, Toncoin (TON) could break out of its falling wedge pattern and aim for a price target of $7.00. However, if the bears regain control, Toncoin (TON) could dip back to its previous support level of $4.30, making it a critical time for investors to monitor the market. Mpeppe (MPEPE) Gaining Momentum Alongside Toncoin (TON) While Toncoin (TON) is regaining ground, Mpeppe (MPEPE) is also capturing attention for its unique value proposition in the meme coin market. Mpeppe (MPEPE), a casino-focused cryptocurrency, has seen a significant uptick in presale activity as it nears its official launch. The token is positioned to capitalize on the growing interest in decentralized gambling platforms, with its use case revolving around a fair, transparent, and fast online casino experience. Mpeppe (MPEPE)’s presale is generating buzz due to its low entry price, which offers high growth potential, much like Toncoin (TON) did in its early stages. Early investors are excited about the token’s unique utility within the gambling space, where users can participate in casino games such as poker, roulette, and slots, all powered by blockchain technology. As Mpeppe (MPEPE) nears its launch, market experts are drawing parallels between the token and other meme coins like PEPE and DOGE, which saw exponential growth after their launch. Mpeppe (MPEPE)’s entry into the casino and gambling sector also positions it as a key player in the fast-growing GambleFi market, making it a strong contender for investors looking to diversify from traditional cryptos like Toncoin (TON). Toncoin (TON) and Mpeppe (MPEPE): A Potential Power Duo? Both Toncoin (TON) and Mpeppe (MPEPE) are at pivotal moments in their respective journeys. While Toncoin (TON) has already established itself as a top altcoin, it is now aiming for a price rebound after recent market setbacks. Mpeppe (MPEPE), on the other hand, is a new player, but its appeal lies in its niche focus on the decentralized casino sector, where there is ample room for growth. With Toncoin (TON) trading above its 20-day moving averages and showing signs of a bullish breakout, many investors see it as a safe bet for the next few months. On the flip side, Mpeppe (MPEPE) presents a high-reward opportunity, with the potential to deliver significant gains, particularly for those who get in early. Both tokens are garnering attention from the crypto community, and market experts believe that they could perform exceptionally well in the final quarter of 2024. If Toncoin (TON) breaks through its $7.00 resistance and Mpeppe (MPEPE)’s presale gains continue, investors could see considerable returns from both tokens. Conclusion: Toncoin (TON) and Mpeppe (MPEPE) in Focus For investors looking to diversify, both Toncoin (TON) and Mpeppe (MPEPE) offer compelling opportunities. Toncoin (TON) provides the stability of an established token with promising technical indicators, while Mpeppe (MPEPE) offers a high-reward play with strong presale momentum. As both tokens gain traction, they could very well become two of the standout performers in the crypto space by the end of 2024.   For more information on the Mpeppe (MPEPPE) Presale:  Visit Mpeppe (MPEPPE) Join and become a community member:  https://t.me/mpeppecoin https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ  

An inverse-head-and-shoulder pattern is developing on the XRP weekly chart, awaiting a breakout toward $1. 

Thoma Bravo's exit from crypto underscores the lasting impact of high-profile failures on investor confidence and market stability. The post Thoma Bravo founder says firm permanently exits crypto post-FTX fiasco appeared first on Crypto Briefing.

Husky Inu ($HINU) has experienced a very successful early presale. The project is in its third presale phase, raising nearly $400,000 since going live.

Starknet, an Ethereum layer-2 scaling solution, rallied more than 11% over the past day. According to price data from crypto.news, Starknet (STRK) was trading at $0.438 upon writing. The altcoin reached an intraday high of $0.444. That’s 28% above its…

The following is a guest post by Kadan Stadelmann, CTO of Komodo Blockchain. Pavel Durov, the CEO of Telegram, was arrested this week after a four-day interrogation related–publicly at least–to the existence of illegal activity on his app, including child pornography. The ensuing media frenzy painted Telegram as an almost esoteric, privacy-centered app, which is The post Telegram might be an unencrypted treasure trove of data and Pavel Durov might just be a geopolitical pawn appeared first on CryptoSlate.

Explore Mastercard's latest innovation, a card for cryptocurrency. Learn about the best 5 altcoins for growing your budget and topping up the new card in this insightful article.

Looking for the X Empire daily combo and riddle solution for Saturday, September 7? Here are the latest boosts for the Telegram crypto game.

Litecoin, a peer-to-peer cryptocurrency, remained in a consolidation phase as open interest in the futures market remained muted and as whale activity rose. LTC whale activity increases Litecoin (LTC), created by former Google engineer Charlie Lee, was trading at $64,…

Despite the Chewy token’s near 30% rally, Gill’s cryptic post seems to suggest that he is dropping the Chewy company, not endorsing it.

Solana, JasmyCoin, and other altcoins continued their strong sell-off this week as the crypto fear and greed index fell. Solana and Jasmy are in a bear market JasmyCoin (JASMY) dropped to a low of $0.01717, down by over 58% from…

Bitcoin's price has been historically weak this month, mirroring Wall Street's "September Effect." But brighter days are on the horizon.

Outflows from U.S. spot Bitcoin ETFs, or exchange-traded funds, surpassed $706 million this week as bears pushed Bitcoin to $53,304 — its lowest level since Aug. 5. According to data from SoSoValue, the 12 spot Bitcoin ETFs logged $169.97 million…

Crypto investors suffered the biggest liquidation in over a week as Bitcoin and most altcoins continued their downtrend.  Bitcoin and altcoins liquidations rise Data compiled by CoinGlass shows that total liquidations on Friday, Sep. 6, jumped to over $221 million,…

Polkadot (DOT) has climbed back above $4 after dipping below the crucial support level on Friday when sellers dragged the price to a low of $3.82.

Despite widespread initial criticism, El Salvador is sitting on over $31 million worth of Bitcoin profit.

Crypto weak after continued ETF outflows. Durov breaks silence, TON bounces 3%. Telegram will start moderating private chats. Hayes & Brandt flip bearish on BTC. Coinbase shares hit 7 month lows. 90% of crypto firm applications rejected in UK. Japan’s 3 largest banks to trial stablecoins. Trump promises again to embrace crypto. INJ launches BlackRock BUIDL index. DWF to launch synthetic stablecoin. Vitalik to donate all L2 tokens to charity. Most VCs in crypto ‘will disappear’.

Ethereum's EOI is now negative for 2024, after ETH lost 42% of its yearly gains in the past four months. 

Crypto derivatives mark an evolution in what crypto is capable of and demonstrate the industry’s ability to match or surpass the traditional financial markets.

Figure Markets Works with Shareholder of Ionic Digital to Investigate Potential Board Misconduct

It was a somber seven days as the crypto market continued to tumble.

Ethereum's Spot Ethereum ETF fails to meet analysts' expectations. Meanwhile, the IntelMarkets platform announces its premier Route X21 upgrade. #partnercontent

Bitcoin could experience more downward pressure leading up to the Sept. 18 US interest rate cut, but will it fall below $50,000 this weekend?

Regulatory developments are very consequential to crypto adoption across Africa. This week saw developments in The post Africa Crypto Week in Review: Nigeria Plan To License Crypto Exchanges, Ghana May “Unban” Crypto As South Africa Target Traders For Revenue appeared first on .

OpenAI is looking to introduce more expensive subscription plans for upcoming large-language models like the Strawberry and Orion AI models. 

XRP and Shiba Inu face setbacks, driving investors to Rollblock, the new presale set to change the $500B online gambling market. #partnercontent

Cardano and XRP are popular picks under $1, but analysts see Rollblock as the top crypto to invest in, potentially surpassing ETH and SOL. #partnercontent

US citizens can now reportedly use Kalshi to bet on the upcoming election through derivatives after a judge overturned the CFTC’s decision.

The agency says it can't make "an informed decision" about whether to appeal the judge's decision in Kalshi's favor until it knows her rationale.

The former president of the United States is launching a crypto yield product, even as he appeals to the crypto industry in his current bid for office. Donald Trump will be the "chief crypto advocate" for World Liberty Financial, a venture that has offered scant hints so far about what it will actually do.

Jan3 CEO Samson Mow reiterated that a fear-driven market “never lasts long” because fundamentals usually “win out over time.”

A weak US labor market, fear of a tech bubble, and regulatory actions are factors behind Bitcoin’s recent sell-off.

Sites, apps, and governments often block access regionally, requiring technical tools to get around them.

WisdomTree has requested to withdraw its S-1 filing for a spot Ether ETF with the SEC and asked to apply the fees as a credit for “future use.”

Bitcoin traders appear to be throwing in the towel and coming to terms with the reality that BTC price could fall below $50,000 in the short term.

An already FDA-approved food coloring can give scientists a live view inside mice, with implications for human medicine.

Onchain Highlights DEFINITION: Bitcoin price performance since cycle low Bitcoin’s price has demonstrated varying degrees of performance across several cycles, with 2022 marking a significant comparison point for assessing recovery trends. Notably, the 2011 to 2015 cycle saw a sharp rise from cycle lows, as prices surged dramatically during that period. The 2015 to 2018 cycle The post Bitcoin recovery trends show steady growth amid declining volatility appeared first on CryptoSlate.

India’s Financial Intelligence Unit (FIU-India) is reportedly set to approve two more offshore crypto exchanges to resume operations in the country by the end of the 2025 fiscal year, following a thorough review of their compliance with anti-money laundering (AML) laws. The development comes as the FIU continues to assess requests from four exchanges previously The post Indian regulators to clear offshore crypto exchanges after strict AML review appeared first on CryptoSlate.

Bitcoin, Ethereum, and nearly every other major coin and token has taken a battering over the past 24 hours as investors fast sell risk assets.

According to a recent FBI warning, North Korean hackers are “aggressively targeting” the crypto industry with “well-disguised” attacks.

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Asset management firm VanEck announced plans to close and liquidate its Ethereum futures exchange-traded fund (ETF) EFUT, according to a Sept. 6 statement. VanEck cited performance, liquidity, assets under management (AUM), and investor interest as factors behind its decision. The firm also noted the recent approval of its spot Ethereum ETP, ETHV, by the US The post VanEck shifts focus to spot Ethereum ETF, phases out futures fund EFUT appeared first on CryptoSlate.

This week’s Crypto Biz explores several regulatory developments targeting crypto firms, including charges against Uniswap, a delay in a decision on an eco Bitcoin ETF, and a potential challenge to FTX’s repayment plan.

Paul Grewal, Coinbase’s chief legal officer, said the SEC would be compelled to produce “important discovery” in its civil case after a judge’s order.

Market sentiment, as measured by crypto options metrics, are decisively bearish in the near term, says Bybit and Block Scholes.

Spot Ethereum ETFs are stealing the show and killing demand for futures-based crypto ETFs.

According to Web3 gaming firm Moxy, the deal will save the company around $3.5 million in gas fees annually.

Here’s how to snag millions more daily coins in rising Telegram game Rocky Rabbit ahead of the RabBitcoin (RBTC) token launch.

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

Competition is mounting among DeFi derivatives protocols after Synthetix launched on Arbitrum in July.

UPDATED: Major Telegram tap-to-earn games are about to drop tokens on millions of players—and now we know Catizen's token launch date.

The Chamber of Progress, a technology industry coalition advocating for digital innovation, has urged moderators of the upcoming ABC presidential debate to include a critical question on crypto regulation. In a letter sent to moderators Linsey Davis and David Muir on Sept. 5, the organization highlighted the growing role of digital assets in the US The post Chamber of Progress demands clarity on crypto from presidential hopefuls appeared first on CryptoSlate.

Solana price is down today as the week-long crypto market sell-off stands as the primary culprit in SOL’s recent downside. 

The Elon Musk-themed X Empire is sharing more and more details about which players will get an airdrop. Here's what you need to know.

The CFTC’s director warned that other DeFi ecosystems may also be fined for offering illegal trading services, while Polygon’s native token executed a key technical upgrade.

Cardano dropped 57% when the Federal Reserve cut rates back in 2019. With another rate cut on the horizon, the cryptocurrency faces a similar setup that could bring major downside. Cardano prepares for September decline In May 2019, the Federal…

The GME crypto token formed a God candle on Sep. 6 after Roaring Kitty made a surprise return to X ahead of GameStop’s earnings. GME (GME) surged to a high of $0.0052, its highest swing since June 24, and 93%…

With most state primaries for the US House and Senate completed, the Fairshake PAC and its affiliates are supporting candidates in the November election.

The firm will liquidate its futures investment product two months after launching its spot Ethereum ETF.

Explore September's forecast for memecoins like Pepe (PEPE), Dogecoin (DOGE), Shiba Inu (SHIB), FLOKI, and Dogwifhat (WIF). Analyze price trends, resistance levels, and market sentiment to understand the potential rise or fall of these popular digital tokens.

The US Federal Reserve will almost certainly start its quantitative easing in September, flushing the markets with fresh capital and potentially kickstarting the meme coin mania.

Sonic SVM announced the public sale of HyperFuse Nodes, marking the first node sale within the Solana ecosystem.  According to a press release shared with crypto.news, these nodes will play a vital role in the security and growth of the…

A federal judge has rejected Coinbase’s motion to dismiss a proposed class action lawsuit by shareholders, Reuters reported Sept. 6. The lawsuit accuses the largest US crypto exchange of downplaying the likelihood of being sued by the US Securities and Exchange Commission (SEC). US District Judge Brian Martinotti ruled on Sept. 5 that shareholders adequately The post Coinbase to face shareholder lawsuit over SEC risks, judge rules appeared first on CryptoSlate.

The news follows the firm’s CEO Brad Garlinghouse urging Harris to take an open-minded approach to crypto regulation.

The report claimed, a cash treasury “supplemented with a 3% allocation to Bitcoin” would have shielded companies from inflation since 2020.

With Lula supporting Moraes and the Bar Association challenging the decision, Brazil’s Supreme Court must decide X’s fate amid free speech concerns.

The deployment of FET on Cardano could significantly enhance the development of decentralized AI, promoting broader adoption and interoperability. The post SingularityNET, Fetch.ai, and Ocean Protocol launch FET token on Cardano appeared first on Crypto Briefing.

DOGS token rose for the third consecutive day as most cryptocurrencies retreated after the U.S. jobs report reignited recession fears. DOGS (DOGS), which recently launched its airdrop, rose to a high of $0.0011, up by 16.5% from its lowest point…

Shiba Inu ($SHIB) has welcomed a new best friend, Husky Inu ($HINU). Husky Inu recently launched its presale and has been receiving spectacular feedback. The project’s early success positions it for tremendous potential growth.

While spot Ethereum ETFs have so far seen significant outflows, JP Morgan analysts highlight why a Bitcoin comparison is "apples to oranges."

Onchain Highlights DEFINITION: This metric, compares the monthly average 🔴 of new addresses against the yearly average 🔵 to underline relative shifts in dominant sentiment and help identify when the tides are turning for network activity. Monthly 🔴 > Yearly 🔵 indicates an expansion in on-chain activity, typical of improving network fundamentals and growing network The post Bitcoin active address momentum slows, echoes post-peak declines of 2018 and 2021 appeared first on CryptoSlate.

The commentary came as the Ethereum co-founder denies allegations that he’s cashing out crypto for profit.

Bitcoin bears have pulled the price below the support of the range, starting a potential downtrend toward $49,000. 

A New Jersey court judge deemed a lawsuit against Coinbase over its portrayal of an eventual regulatory crackdown acceptable. Late on Sept. 5, U.S. District Judge Brian Martinotti ruled that Coinbase shareholders had the right to sue the crypto exchange…

Vitalik Buterin is right: DeFi today is a circular speculative economy. The bigger opportunity lies in bringing traditional capital markets on-chain, so that crypto reaches the mainstream, says Zach Rynes (aka ChainLinkGod), who serves as a Chainlink Community Liaison.

Bitcoin tumbled below $54,000 on Friday after initially climbing to $57,000 earlier in the day following the release of a key US jobs report. The swift reversal sent shockwaves through the crypto market, with BTC shedding nearly 4% over the past 24 hours in a bout of intense volatility. As of press time, the flagship The post Bitcoin falls below $54k as market sees volatility following jobs data appeared first on CryptoSlate.

An inside look at the big and small projects being developed at the mtnDAO hacker house in Salt Lake City.

GameStop bull Roaring Kitty has returned to Twitter with another meme, which caused GME to pop and pet supplies retailer Chewy to drop.