The U.S. Securities and Exchange Commission has expanded its lawsuit against cryptocurrency exchange Binance, broadening the scope of its claims.The SEC’s updated legal filing now lists additional tokens as securities, including Axie Infinity’s Axie Infinity Shards (AXS), Filecoin (FIL), Cosmos’ ATOM (ATOM), The Sandbox’s SAND (SAND), and Decentraland’s MANA (MANA). These developments follow a continued pattern of efforts by the SEC to regulate the cryptocurrency industry and classify digital assets as securities. relevant: US Diplomat Presses for Release of Binance Executive Detained in NigeriaExpand the claimIn this latest update to the SEC v. Binance lawsuit, the regulator accuses Binance and…
Author: Crypto Flexs
Read More
In the world of cryptocurrencies, where innovation and humor meet, two Mimecoins have captured the attention of investors and enthusiasts: Floki (FLOKI) and Good Egg (GEGG). Floki (FLOKI) has already made a name for itself as a fan favorite in the meme coin space, but GoodEgg (GEGG) is quickly rising up the ranks by developing a groundbreaking AI-based dating platform that leverages crypto. These two coins are now gaining attention as potential meme coin giants, each with their own unique strengths and appeal to different segments of the crypto community. Floki’s Rise (FLOKI) Inspired by Elon Musk’s Shiba Inu, Floki…
Bitcoin (BTC) analysts are expecting a breakout in the coming weeks, but market sentiment and historical data threaten a bigger downside in September.Bitcoin Nears Breakthrough: AnalystAccording to cryptocurrency analyst Mikybull Crypto, Bitcoin price may be signaling a rally based on a bullish divergence forming on the daily chart.The analyst wrote in a September 13 post to X:”Bitcoin is out of range and nearing its breaking point.”Bitcoin/USD, 1-day chart, bullish divergence. Source: Mikybull CryptoA bullish divergence is a technical formation that traders use to identify market momentum strengthening following a lower low. This indicator is associated with price reversals in a…
STRK holders have approved the staking proposal. The staking feature aims to increase the security and efficiency of Starknet. The new STRK casting curve was also passed as proposed. The Starknet community has completed its first mainnet vote and approved a proposal to implement STRK staking. The Ethereum Layer 2 network introduced the STRK staking idea on August 20, saying it would enhance the network’s security, decentralization, and efficiency, and encourage participation in a “democratically governed ecosystem.” Voting on the proposal began on September 10. STRK holders ratify staking proposal On Friday, a majority of STRK token holders approved the…
Wormhole has achieved its goal of introducing World ID. Solana brush -2.32% According to World Coin World +3.64% The blog post was published on Friday.The post reads, “Wormhole, an interoperability platform, has successfully completed its efforts to bring World ID to Solana, enabling layer 1 blockchain builders to join the growing number of developers already integrating World ID into their apps and platforms.”Worldcoin says this latest development will now make it easier for Solana developers to create applications that “put real humans first.”In late June, Wormhole contributors received a grant from the Worldcoin Foundation, a major backer of the Worldcoin…
The Popcat meme coin gained more than 11% after Kraken announced spot trading listing on September 19. POPCAT price hit an all-time high of $0.67 and was trading higher at the time of writing. Solana meme coin POPCAT (POPCAT) has seen gains after cryptocurrency exchange Kraken announced it would be adding spot trading support. The cat-themed meme coin has surged by around 30% since Binance, the world’s largest cryptocurrency exchange, listed POPCAT futures contracts, and as of this writing on September 12, it has seen double-digit gains. After Kraken announced that it would add Popcat on September 19, 2024, the…
The cryptocurrency market, with its disruptive potential and rapid growth, has attracted both innovative entrepreneurs and opportunistic fraudsters. As digital assets become more mainstream, the sophistication and prevalence of cryptocurrency frauds have skyrocketed, causing significant losses for many victims. In this environment, CryptoReverse.net stands out as a vital resource for those seeking to recover lost funds and protect their digital assets. This article explores the growing threat of cryptocurrency fraud and details how CryptoReverse.net is making a difference in combating these fraudulent activities.The threat of cryptocurrency fraud is growingCryptocurrencies inherently offer opportunities for technological advancement and exploitation. The decentralized and…
According to a prominent economist, the possibility that the US Federal Reserve will cut interest rates by 25 basis points next Wednesday is already priced into the market, which could lead to a “news sell” event for risky assets. “The market is already expecting a 25-basis point cut, which means the actual cut could be less than expected and trigger a sell-off news reaction. A 50-basis point cut, on the other hand, is not being factored in. If it were to happen, it would likely send the market higher,” Steve Hankey, an economist at Johns Hopkins University, told The Block.…
Ethereum now appears to have seen a notable shift in key metrics. In particular, CryptoQuant analyst Burak Kesmeci recently highlighted the potential significance of Ethereum’s current funding rate. The analyst noted that similar patterns have followed in the past, suggesting that Ethereum is on the verge of a new surge. The calm before the storm? The funding ratio is a key futures market indicator that shows the balance between long and short positions. A low funding ratio over a long period of time can indicate market indecision or calm, but a sharp rise in the ratio often precedes strong price…
A widely known analyst and trader has become bullish on one altcoin in the Ethereum (ETH) ecosystem, while also updating his outlook on three cryptocurrencies. A trader known by the pseudonym Sherpa told his 223,200 followers on social media platform X that Aave (AAVE) is “still undeniably strong.” The Ethereum-based decentralized finance (DeFi) lending platform is now sitting below key resistance levels on the weekly timeframe after a years-long consolidation phase. “I’ve been chopping this up for over two years and it looks like it’s done.” Source: Sherpa/X As of this writing, AAVE is trading at $147, up about 54%…