Could Bankrupt Celsius Liquidation Plans Shake Up Altcoin Market? Here’s What the Data Shows
As part of its reorganisation strategy, insolvent crypto lending platform Celsius has recently received the green light from the court to swap over its altcoin holdings into Bitcoin and Ethereum. The move comes as Celsius aims to reorganize its assets and navigate its financial challenges. According to reports, the now-defunct platform has transferred sizeable amounts of its holdings to stablecoin issuer Paxos and market maker Wintermute in an effort to increase liquidity.
As part of its reorganisation strategy, insolvent crypto lending platform Celsius has recently received the green light from the court to swap over its altcoin holdings into Bitcoin and Ethereum. The move comes as Celsius aims to reorganize its assets and navigate its financial challenges. According to reports, the now-defunct platform has transferred sizeable amounts of its holdings to stablecoin issuer Paxos and market maker Wintermute in an effort to increase liquidity.
Top Stablecoin Tether (USDT) Ends Support for Kusama (KSM), Bitcoin Cash (BCH) SLP and Omni Layer (OMNI) Chains
Tether, the firm behind the largest stablecoin by market cap, has officially ended support for three different blockchains.
On Thursday, the stablecoin issuer stopped minting USDT on Kusama (KSM), Bitcoin Cash’s (BCH) Simple Ledger Protocol (SLP), and Omni Layer (OMNI).
Tether, the firm behind the largest stablecoin by market cap, has officially ended support for three different blockchains.
On Thursday, the stablecoin issuer stopped minting USDT on Kusama (KSM), Bitcoin Cash’s (BCH) Simple Ledger Protocol (SLP), and Omni Layer (OMNI).
Stellar Lumen (XLM) Price Turns Red As Bears Aim $0.10
Stellar lumen price is trading below $0.1180 against the US Dollar, like Bitcoin. XLM price could extend losses if it trades below the $0.1110 support.
Stellar Lumen Price Analysis (XLM to USD)In the past few days, Stellar Lumen price struggled to recover above the $0.120 resistance against the US Dollar. The XLM/USD pair failed to continue higher and started a fresh decline.
There was a move below the $0.1185 and $0.1170 levels. The price tested the $0.1115 zone. A low is formed near $0.1115 and the price is now consolidating losses. XLM is now trading below $0.1175 and the 55 simple moving average (4 hours).
Stellar lumen price is trading below $0.1180 against the US Dollar, like Bitcoin. XLM price could extend losses if it trades below the $0.1110 support.
Stellar Lumen Price Analysis (XLM to USD)In the past few days, Stellar Lumen price struggled to recover above the $0.120 resistance against the US Dollar. The XLM/USD pair failed to continue higher and started a fresh decline.
There was a move below the $0.1185 and $0.1170 levels. The price tested the $0.1115 zone. A low is formed near $0.1115 and the price is now consolidating losses. XLM is now trading below $0.1175 and the 55 simple moving average (4 hours).
Blockchain Expo Global 2023: Uniting the World’s Leading Innovators in London
Blockchain Expo Global is making its way to London, United Kingdom on November 30th and December 1st, 2023. Save the dates!
This Blockchain event serves as a dynamic congregation of cutting-edge technology companies, offering attendees a unique opportunity to explore the latest applications of Web, NFT’s, The Metaverse, Crypto & Digital Assets, Governance and DLT’s.
Anticipating an attendance of more than 6,000 passionate participants, this event is poised to establish itself as one of the premier Blockchain Expos. In this edition, we extend a warm welcome to Dyson, Bosch, Coinbase, Toolbit, and a host of other distinguished participants.
Blockchain Expo Global is making its way to London, United Kingdom on November 30th and December 1st, 2023. Save the dates!
This Blockchain event serves as a dynamic congregation of cutting-edge technology companies, offering attendees a unique opportunity to explore the latest applications of Web, NFT’s, The Metaverse, Crypto & Digital Assets, Governance and DLT’s.
Anticipating an attendance of more than 6,000 passionate participants, this event is poised to establish itself as one of the premier Blockchain Expos. In this edition, we extend a warm welcome to Dyson, Bosch, Coinbase, Toolbit, and a host of other distinguished participants.
Plenty of Juice Left in the Tank for Solana, Says Top Crypto Trader – Here’s His Big Upside Target
A trader who nailed the bottom of Bitcoin’s (BTC) 2018 bear market is remaining bullish on Solana (SOL) despite its deep corrective move in the past day.
Pseudonymous analyst Bluntz tells his 231,500 followers on the social media platform X that Solana is the fastest large-cap coin to recover after plunging to a 24-hour low of $68.06.
A trader who nailed the bottom of Bitcoin’s (BTC) 2018 bear market is remaining bullish on Solana (SOL) despite its deep corrective move in the past day.
Pseudonymous analyst Bluntz tells his 231,500 followers on the social media platform X that Solana is the fastest large-cap coin to recover after plunging to a 24-hour low of $68.06.
Only 2-3 Spot Bitcoin ETFs Will Survive Long-Term, Grayscale CEO Warns
Grayscale CEO Michael Sonnenshein has predicted that the overwhelming majority of the spot Bitcoin exchange-traded funds (ETFs) approved by the U.S. Securities and Exchange Commission will not stand the test of time. He also touched on Grayscale’s far-costlier fee for its ETF product.
Grayscale CEO Predicts Fewer Bitcoin ETF SurvivorsThe approval of spot Bitcoin ETFs earlier this month marked a historic event for the cryptocurrency industry. The newly launched investment vehicles already have nearly $30 billion in assets under management. This means Bitcoin has effectively eclipsed silver to become the second-largest ETF commodity asset class in the U.S., trailing only gold.
Total net inflows into the spot BTC ETFs over the past five days currently stand at around $1.2 billion, with Fidelity recently joining BlackRock in the $1 billion-plus inflows club. Meanwhile, Grayscale’s ETF instrument has seen a massive outflow of $2.2 billion as investors swap between ETF products due to the product’s pricey fees.
Grayscale CEO Michael Sonnenshein has predicted that the overwhelming majority of the spot Bitcoin exchange-traded funds (ETFs) approved by the U.S. Securities and Exchange Commission will not stand the test of time. He also touched on Grayscale’s far-costlier fee for its ETF product.
Grayscale CEO Predicts Fewer Bitcoin ETF SurvivorsThe approval of spot Bitcoin ETFs earlier this month marked a historic event for the cryptocurrency industry. The newly launched investment vehicles already have nearly $30 billion in assets under management. This means Bitcoin has effectively eclipsed silver to become the second-largest ETF commodity asset class in the U.S., trailing only gold.
Total net inflows into the spot BTC ETFs over the past five days currently stand at around $1.2 billion, with Fidelity recently joining BlackRock in the $1 billion-plus inflows club. Meanwhile, Grayscale’s ETF instrument has seen a massive outflow of $2.2 billion as investors swap between ETF products due to the product’s pricey fees.
Investor That Bought Ethereum (ETH) Under a Dollar Sees Bitcoin (BTC) ‘A Lot Higher’ by End of the Year
Galaxy Digital CEO Mike Novogratz is predicting that Bitcoin (BTC) will end 2024 much higher than its current value.
In a new interview with CNBC, the early crypto investor who bought Ethereum (ETH) around $1 says that increased adoption through the newly launched spot BTC exchange-traded funds (ETFs) may continue to fuel Bitcoin’s bullish momentum this year.
Galaxy Digital CEO Mike Novogratz is predicting that Bitcoin (BTC) will end 2024 much higher than its current value.
In a new interview with CNBC, the early crypto investor who bought Ethereum (ETH) around $1 says that increased adoption through the newly launched spot BTC exchange-traded funds (ETFs) may continue to fuel Bitcoin’s bullish momentum this year.
Binance Launchpool Announces Plans To Roll Out Trading Support for New Ethereum-Based Synthetic Dollar Protocol
Top global crypto exchange Binance has announced plans to support a new Ethereum (ETH)-based altcoin via its Launchpool platform.
Binance Launchpool, which lets users stake coins to farm new assets, says its 50th project will be Ethena (ENA), a synthetic dollar protocol.
Top global crypto exchange Binance has announced plans to support a new Ethereum (ETH)-based altcoin via its Launchpool platform.
Binance Launchpool, which lets users stake coins to farm new assets, says its 50th project will be Ethena (ENA), a synthetic dollar protocol.
Top Trader Predicts Fresh Leg Up for SOL and One Solana-Based Altcoin, Updates Outlook on Dogecoin
An analyst who’s been making timely altcoin calls as of late thinks that three crypto assets are almost ready to witness moves to the upside.
Pseudonymous analyst Bluntz tells his 252,000 followers on the social media platform X that he’s bullish on Solana (SOL).
According to the top crypto strategist, Solana appears to have completed an ABC corrective wave against Bitcoin (SOL/BTC) on the eight-hour chart.
An analyst who’s been making timely altcoin calls as of late thinks that three crypto assets are almost ready to witness moves to the upside.
Pseudonymous analyst Bluntz tells his 252,000 followers on the social media platform X that he’s bullish on Solana (SOL).
According to the top crypto strategist, Solana appears to have completed an ABC corrective wave against Bitcoin (SOL/BTC) on the eight-hour chart.
Whales Accumulate Nearly $1 Billion Worth of Bitcoin in Just 1 Day Despite Price Drops
In a surprising turn of events during the recent price correction, Bitcoin whales have demonstrated a strong vote of confidence in the leading cryptocurrency by accumulating nearly $1 billion worth of BTC within a mere 24-hour period. This massive accumulation, totaling 15,121 BTC, marks the highest level of whale activity in two weeks and suggests a significant shift in market sentiment.
In a surprising turn of events during the recent price correction, Bitcoin whales have demonstrated a strong vote of confidence in the leading cryptocurrency by accumulating nearly $1 billion worth of BTC within a mere 24-hour period. This massive accumulation, totaling 15,121 BTC, marks the highest level of whale activity in two weeks and suggests a significant shift in market sentiment.
JPMorgan Chase, Bank of America and Citibank Flagged for Holding Trillions of Dollars in Derivatives Without Proper Contingency Plans: Report
US regulators are flagging JPMorgan Chase, Bank of America, Citibank and Goldman Sachs over the banks’ contingency plans for trillions of dollars in derivatives.
The Federal Reserve and Federal Deposit Insurance Corporation (FDIC) say the lenders’ so-called “living wills” – which in part detail how banks could safely unwind their derivatives portfolios without requiring government assistance – are inadequate, reports Reuters.
US regulators are flagging JPMorgan Chase, Bank of America, Citibank and Goldman Sachs over the banks’ contingency plans for trillions of dollars in derivatives.
The Federal Reserve and Federal Deposit Insurance Corporation (FDIC) say the lenders’ so-called “living wills” – which in part detail how banks could safely unwind their derivatives portfolios without requiring government assistance – are inadequate, reports Reuters.
Get your FREE Entry NFT for Crypto: The Game!
Uniswap's acclaimed Crypto: The Game is about to launch its third season. You must purchase Entry NFT to participate in this survival game, but right now you can get Entry NFT for FREE (just by paying gas for the NFT claim).
Moreover, you can get Entry NFT in all the blockchains supported by the game, namely Ethereum, BSC, Base, Polygon, Arbitrum, Avalanche and Optimism. This will increase your chances in the game. Hurry up! There are only a few days left until the start of the third season!
Website: Crypto: The Game
Uniswap's acclaimed Crypto: The Game is about to launch its third season. You must purchase Entry NFT to participate in this survival game, but right now you can get Entry NFT for FREE (just by paying gas for the NFT claim).
Moreover, you can get Entry NFT in all the blockchains supported by the game, namely Ethereum, BSC, Base, Polygon, Arbitrum, Avalanche and Optimism. This will increase your chances in the game. Hurry up! There are only a few days left until the start of the third season!
Website: Crypto: The Game
Uniswap Labs’ Crypto: The Game set for Emmy Award consideration
Uniswap Labs may bag the crypto industry’s first Emmy Award for its recently acquired Crypto: The Game (CTG). The online survival game is a huge hit with degen gamers and a contender for an Emmy nomination in the Outstanding Emerging Media Program category.
The game is based on a TV reality show format, pitting ten “tribes” of 80 players against each other as they struggle to survive daily “immunity challenges,” such as competing in arcade games or winning an online digital scavenger hunt.
Uniswap Labs may bag the crypto industry’s first Emmy Award for its recently acquired Crypto: The Game (CTG). The online survival game is a huge hit with degen gamers and a contender for an Emmy nomination in the Outstanding Emerging Media Program category.
The game is based on a TV reality show format, pitting ten “tribes” of 80 players against each other as they struggle to survive daily “immunity challenges,” such as competing in arcade games or winning an online digital scavenger hunt.
Third season of Crypto: The Game starting next week! Hurry up and get your Free entry NFT now!
The Emmy-nominated game is about to launch its third season, which promises to be the biggest event in the crypto gaming industry ever! Don't miss your chance to be a part of this story.
Link: Crypto: The Game
The Emmy-nominated game is about to launch its third season, which promises to be the biggest event in the crypto gaming industry ever! Don't miss your chance to be a part of this story.
Link: Crypto: The Game
Marketmaker Gotbit has unveiled a revolutionary tool for traders with free trial period
Gotbit Labs is thrilled to announce the launch of the latest innovation – Gotbit DEX Manager, a comprehensive decentralized exchange management tool designed to streamline your trading experience.
To activate the FREE period, connect with your active wallet on one or more supported blockchains (Ethereum, BSC, Base, Arbitrum, Avalanche, Optimism, Polygon). This wallet address will be connected to Gotbit DEX manager and you will be able to use the system only from this address for 1 month for free. After 1 month you will be able to prolong the work on one of the tariffs offered in the system.
Gotbit Labs is thrilled to announce the launch of the latest innovation – Gotbit DEX Manager, a comprehensive decentralized exchange management tool designed to streamline your trading experience.
To activate the FREE period, connect with your active wallet on one or more supported blockchains (Ethereum, BSC, Base, Arbitrum, Avalanche, Optimism, Polygon). This wallet address will be connected to Gotbit DEX manager and you will be able to use the system only from this address for 1 month for free. After 1 month you will be able to prolong the work on one of the tariffs offered in the system.
Trader earned $650,000 on Memecoins in just 12 minutes with Gotbit DEX Manager
A novice trader posted on his Twitter that he was able to make over $650,000 in just 12 minutes using new software from marketmaker Gotbit Labs.
Earlier it became known that Gotbit DEX Manager became the most popular software for launching MEV bots on the Base and Ethereum networks.
A novice trader posted on his Twitter that he was able to make over $650,000 in just 12 minutes using new software from marketmaker Gotbit Labs.
Earlier it became known that Gotbit DEX Manager became the most popular software for launching MEV bots on the Base and Ethereum networks.
Ex-White House Official Anthony Scaramucci Says Crypto Bull Market Could Be Sparked by Regulatory Clarity
Skybridge Capital founder Anthony Scaramucci says that the next crypto bull market could be ignited by a new wave of clear crypto regulations.
In a new interview on CNBC Squawk Box, the ex-White House communications director says that he and two other prominent figures in the industry went to Washington, D.C. to speak to officials about the perils of Senator Elizabeth Warren and U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler’s hard-line approach to regulating crypto.
Skybridge Capital founder Anthony Scaramucci says that the next crypto bull market could be ignited by a new wave of clear crypto regulations.
In a new interview on CNBC Squawk Box, the ex-White House communications director says that he and two other prominent figures in the industry went to Washington, D.C. to speak to officials about the perils of Senator Elizabeth Warren and U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler’s hard-line approach to regulating crypto.
Gotbit has opened up free access to its DEX Manager
According to Gotbit CEO Alex Andryunin, access to their most advanced service will be free for all users during this week. The action is designed to attract new traders to familiarize themselves with the product's functionality and demonstrate all of its capabilities.
According to Gotbit CEO Alex Andryunin, access to their most advanced service will be free for all users during this week. The action is designed to attract new traders to familiarize themselves with the product's functionality and demonstrate all of its capabilities.
rWintermute develops an analog of Gotbit DEX Manager
The success of the Gotbit DEX Manager service for creating and promoting meme tokens on EVM blockchains is forcing the largest market makers to create similar services for the mass market. Only last month traders from this platform earned more than 100 million dollars.
The success of the Gotbit DEX Manager service for creating and promoting meme tokens on EVM blockchains is forcing the largest market makers to create similar services for the mass market. Only last month traders from this platform earned more than 100 million dollars.
Bitcoin to Face Critical September After 8.75% Drop in August
As September opens, Bitcoin confronts a pivotal moment with significant challenges looming. The cryptocurrency concluded August at $58,975, marking an 8.75% drop for the month—its sharpest decline in six months. This represents a reverse of the upward trend and a far cry from the high US stocks that reached almost record levels in August. These divergences are areas that have raised more questions on issues like valuation and investor sentiment, and these should pave the way for more volatility in September.
Bitcoin’s price targets for September are set to range from $46,000 to $70,000 standing for several possible scenarios. The sharp decline in August indicates the weakness of Bitcoin while the rise in major stock markets shows that traditional equities are no longer an accurate indicator for cryptocurrencies.
As September opens, Bitcoin confronts a pivotal moment with significant challenges looming. The cryptocurrency concluded August at $58,975, marking an 8.75% drop for the month—its sharpest decline in six months. This represents a reverse of the upward trend and a far cry from the high US stocks that reached almost record levels in August. These divergences are areas that have raised more questions on issues like valuation and investor sentiment, and these should pave the way for more volatility in September.
Bitcoin’s price targets for September are set to range from $46,000 to $70,000 standing for several possible scenarios. The sharp decline in August indicates the weakness of Bitcoin while the rise in major stock markets shows that traditional equities are no longer an accurate indicator for cryptocurrencies.