Abe broke through $150, hitting a new yearly high. Actual retail long positions and open trade positions also showed an upward trend. AAVE recently broke through the $150 price level, marking a new cycle and a yearly high. Analysts believe that if Aave holds above the $154 price level, the price could surge to potentially $260, which would represent a 75% increase from the current price at the time of writing. Aave briefly rejected the $154 level, but this is typical of major resistance points. The strength of Aave’s price action suggested that this was a pause before further upside…
Author: Crypto Flexs
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Recent analysis suggests that the Shiba Inu (SHIB) recovery outlook is closely tied to the overall altcoin market, which has been in a price slump for several months. However, if the price continues to rise, meme coins can also profit from it. Here’s how: Shiba Inu continues to suffer from FUD In March, the price of Shiba Inu soared to a yearly high of $0.000035, and other altcoins followed suit, generating excitement. However, since then, the meme coin has lost 65% of its value. In a report by Brian Quinlivan, Santiment’s senior analyst, he noted that SHIB is unlikely to…
Republican presidential candidate Donald Trump announced Thursday afternoon the official launch date for World Liberty Financial, a cryptocurrency project his family has been hinting at for the past two months.“On September 16th at 8 p.m. live on Twitter Spaces, we will be launching World Liberty Financial,” Trump said in a video posted by his official X account. “We are embracing the future with cryptocurrency and leaving behind the slow, outdated big banks.”Donald Trump Jr. and Eric Trump teased upcoming announcements related to the world of cryptocurrencies and DeFi on August 7. On September 3, CoinDesk reported on the project’s decentralized…
Consumers’ Research, a consumer advocacy group, published a warning report on September 12 about stablecoin issuer Tether, which cited the company’s lack of transparency surrounding its US dollar reserves.The consumer advocacy group claims that Tether has yet to submit a full audit of the dollar reserves that are believed to back its USDT (USDT) stablecoin to a reputable accounting firm, despite the stablecoin issuer repeatedly promising to audit the reserves.The authors of the consumer research report argued that this lack of transparency was similar to the situation that led to the collapse of FTX and Alameda Research.Table showing some of…
Ethereum co-founder Vitalik Buterin has announced that he will change the way he discusses layer 2 (L2) projects starting next year.In a September 12 post, Buterin said that he would only publicly acknowledge L2s that had reached at least Stage 1 in their decentralization efforts, regardless of his investment.He said:”I take this seriously. Starting next year, I plan to only publicly mention L2 (on blogs, talks, etc.) and give a ‘maybe short grace period’ to really interesting new projects. It doesn’t matter if I invested in them or if you’re my friend. If it’s not L1, it’s screwed.”Buterin outlined the…
The price of SUI rose 13% in one day, trading at $1.02 on September 12. This is part of a rally that began on September 3, and SUI has gained over 27% over the past seven days.According to data from Cointelegraph Markets Pro and TradingView, SUI rose as much as 15% from its low of $0.9274 on September 12, reaching an intraday high of $1.07.SUI/USD daily chart. Source: TradingViewCompared to SUI, the total cryptocurrency market cap has increased by 1.15%, reaching $2.02 trillion. Therefore, SUI’s performance in the last 24 hours has become the cryptocurrency with the highest gain among…
FTX Real Estate Connect Crypto Wallet Withdraws 177,693 SOL from Solana PoS This comes just a day after Caroline Ellison’s trial date was announced. Technical analysts have identified the current sideways channel price range for SOL. It looks like the collapsed FTX exchange is preparing to refund customers. Almost two years after its collapse in November 2022, a wallet affiliated with FTX and sister company Alameda Research has redeemed 177,693 SOL from Solana’s staking service. Is FTX creating an environment for customer repayments? This major move has sent ripples through the crypto space, with FTX assets being notorious for selling…
Posted 1 minute earlier ~ in Updated: September 12, 2024 at 2:00 PM EDT Happy Thursday! In today’s newsletter, eToro settles with the SEC for $1.5 million and scales back its US crypto offerings, Grayscale launches a new XRP trust, Standard Chartered says Bitcoin could hit new all-time highs by year-end regardless of who wins the US presidential election, and more.Meanwhile, former FTX executive Ryan Salameh has withdrawn his appeal to overturn a seven-and-a-half-year prison sentence he received for a dispute over the investigation into his partner and former congressional candidate Michelle Bond.Let’s get started.eToro Settles $1.5 Million with SEC,…
A widely known cryptocurrency analyst predicts that a competitor to Ethereum (ETH) is on the verge of a massive breakthrough. Cryptocurrency trader Michael van de Poppe told his 725,300 followers on social media platform X that NEAR Protocol (NEAR) could soar 275% from its current value within six months. “The market is shaping up for a reversal. NEAR has retested a key area for support and looks likely to hold there. As long as $2.75-$3.40 holds, I expect to see $15 in the next 3-6 months.” Source: Michaël van de Poppe/X At the time of writing, NEAR is trading at…
The city of Tbilisi in Georgia has lots of crypto startups and crypto ATMs, and it’s dotted with small-time “exchanges” that are essentially money changers with a Binance account. Visitors from nearby Russia often use crypto for payments here, as their bank cards don’t work outside Russia due to sanctions. The ease of electronic payments in the city poses competition for crypto, as does the government’s digital lari CBDC plan, but at least 200 businesses accept crypto at point of sale. City: Tbilisi Country: GeorgiaPopulation: 1.2 millionFounded: 445Most Common Languages: Georgian, English, Russian Jump to: Crypto culture, Projects and Companies,…