Ethereum price remained in a bearish zone below the $3,250 zone. ETH plunged below the $3,000 support level and even tested the $2,850 zone. Ethereum has again shown a downward trend below the $3,120 and $3,000 levels. The price is trading below $3,000 and the 100-hour simple moving average. According to data provided by Kraken, there is a resistance line forming near $3,000 on the hourly chart of ETH/USD, forming a major downtrend line. The pair could correct losses, but upside could be limited above the $3,120 area. Ethereum price plunges 8% Ethereum price failed to make a recovery wave…
Author: Crypto Flexs
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The Hong Kong Securities and Futures Commission (SFC) has issued a public warning to seven entities suspected of being involved in virtual asset-related fraud. The notice, published on 5 July 2024, is part of the SFC’s ongoing efforts to protect investors and maintain the integrity of financial markets. Details of the warning According to the SFC, the seven entities in question have engaged in activities that may have contravened Hong Kong securities laws. These activities include offering investment opportunities in virtual assets without the necessary licenses and regulatory oversight. The SFC urges the public to…
Sahil Arora raised $380,000 in the IGGY token pre-sale, claiming it to be Iggy Azalea’s official cryptocurrency. Funds from the presale wallet are being moved, and tokens are not airdropped to investors. Investors demanded refunds and accountability after the value of IGGY tokens fell 98%. Sahil Arora, a prominent cryptocurrency promoter, is being accused of receiving $380,000 in pre-sale funds for a token he falsely claimed was backed by Australian rapper Iggy Azalea. Pre-sale participants were promised an airdrop of “IGGY” tokens, but are still waiting to receive them. Recent transactions have shown Arora is withdrawing funds from pre-sale wallets,…
Top news this week Roaring Kitties Fraud Lawsuit Against GameStop Dismissed After 3 Days The lawsuit against GameStop trader Roaring Kitty (aka Keith Gill) was voluntarily dismissed after three days. The lawsuit, filed by Martin Radev, accused the meme trader of securities fraud for manipulating GameStop’s stock price. However, Radev’s lawsuit was dismissed without prejudice, allowing him to refile the lawsuit against Gill in the future. Bitcoin Crash Surges ‘Buy the Dip’ Mentions on Social Platforms With Bitcoin recently falling below $60,000, many investors are “buying the dip.” Talk of taking advantage of price fluctuations has been on the rise…
MATIC has been removed from Grayscale’s GSCPxE fund. The decision could be a result of a month-long downtrend in altcoins on the charts. Grayscale Investments has announced adjustments to its fund composition after Q2 2024. Grayscale Investments is the world’s largest cryptocurrency asset manager and manages a variety of components, including GSCPxE, OTCOX: GDLC, and OTCQB: DEFG. After Q2 review, it has updated the fund composition weightings for all products. CSIMarket announced the development on the X official page, reporting: “Grayscale Investments Rebalances Crypto Fund to Meet Investor Diversification Needs: $GBTC Grayscale Investments Announces Q2 2024 Crypto Fund Rebalancing.” According…
LayerZero (ZRO) is currently experiencing strong bullish momentum and is headed towards new all-time highs in the future. This sustained upward trend indicates growing investor confidence and increased market interest in the platform’s capabilities. As ZRO continues to gain traction, technical indicators suggest that this momentum could push prices to unprecedented levels. Traders and investors are closely monitoring this move in anticipation of additional profits and strategic opportunities as LayerZero heads towards new market highs.Advertising This article provides an in-depth analysis of ZRO’s current bullish momentum and its potential to reach new highs. This article examines the current price performance…
People • July 6, 2024 3:43 PM EDT Posted 1 minute earlier In ~ Tron Trex +2.10% Founder Justin Sun has announced plans to build a stablecoin that users can transfer back and forth on X without paying gas fees. Instead, according to Sun, gas fees would be “… borne entirely by the stablecoin itself.” According to Sun’s post, the stablecoin will first launch on the Tron blockchain and eventually expand to all blockchains compatible with Ethereum and the Ethereum Virtual Machine (EVM). “We expect to launch this service in Q4 of this year. I believe that similar services will…
Main Content The 7.5% increase in Layer 3 airdrops supports the vision of a scalable omnichain infrastructure. Layer3 uses the new funding to expand its team and operations, targeting growth in the APAC region. Share this article Layer3, a community-driven initiative focused on building an omnichain infrastructure for distribution, identity, and incentives, has adjusted its token economics and increased its initial airdrop to 7.5% of the total supply, Layer3 Foundation shared in a recent post on X. We’ve made two major changes to fit the scale of Layer3’s vision. • Total supply of L3: 3,333,333,333.• The initial airdrop will increase…
Chiliz (CHZ), a sports and entertainment blockchain leader, has announced a strategic integration with PUML Better Health, a platform specializing in gamified health and wellness. According to Chiliz, the collaboration aims to bring the Move to Earn and Fan Health initiatives to the Chiliz community. Key Features of Partnership PUML Better Health is an Australian-based platform that gamifies health and wellness by allowing users to connect their wearables and claim their daily steps. Users are rewarded with the platform’s in-app game coin, PUML, which can be redeemed monthly for the native token $PUMLx. This token…
The US Federal Court has handed the cryptocurrency industry another important victory, ruling that secondary sales of cryptocurrencies and BNB tokens do not constitute securities.According to Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia, the secondary sale of cryptocurrencies and BNB (BNB) does not constitute a securities offering.In a significant victory for Binance.US, the judge dismissed several claims brought by the U.S. Securities and Exchange Commission, according to a July 2 announcement from Binance. “The court ruled that the SEC failed to argue that the purchasers in the secondary market sale acquired the BNB…