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Shiba Inu ($SHIB) Poised for New All-Time Highs: A Trend Analysis
SHIBâs breakout from the descending trendline suggests bullish momentum ahead.
Key support at $0.00001000 could stabilize $SHIB during potential pullbacks.
Strong trading volume indicates heightened investor interest in $SHIBâs upward potential.
Shiba Inu ($SHIB) has shown signs of a potential all-time high (ATH). A crypto Analyst has highlighted breakout from a descending trendline, suggesting bullish reversal in price action.Â
$SHIB is ready for a New ATH! pic.twitter.com/BdXdsCQS4P
â $SHIB KNIGHT (@army_shiba) September 26, 2024
Price Trend Analysis
The price movement of $SHIB/USDT reveals a consistent downward trend characterized by lower highs, depicted by a white descending trendline. This downward trajectory has raised concerns among investors about further declines.Â
However, the recent breakout above this trendline indicates a possible change in momentum, opening up opportunities for upward movement.
Read also: Shiba Inu Burn Rate Surges 700%, Price Rally Fueled by Kusamaâs Remarks
Support and Resistance Levels
It is important to understand support and resistance levels to gauge future price movements. The previous low of $0.000âŠ
The post Shiba Inu ($SHIB) Poised for New All-Time Highs: A Trend Analysis appeared first on Coin Edition.
Key support at $0.00001000 could stabilize $SHIB during potential pullbacks.
Strong trading volume indicates heightened investor interest in $SHIBâs upward potential.
Shiba Inu ($SHIB) has shown signs of a potential all-time high (ATH). A crypto Analyst has highlighted breakout from a descending trendline, suggesting bullish reversal in price action.Â
$SHIB is ready for a New ATH! pic.twitter.com/BdXdsCQS4P
â $SHIB KNIGHT (@army_shiba) September 26, 2024
Price Trend Analysis
The price movement of $SHIB/USDT reveals a consistent downward trend characterized by lower highs, depicted by a white descending trendline. This downward trajectory has raised concerns among investors about further declines.Â
However, the recent breakout above this trendline indicates a possible change in momentum, opening up opportunities for upward movement.
Read also: Shiba Inu Burn Rate Surges 700%, Price Rally Fueled by Kusamaâs Remarks
Support and Resistance Levels
It is important to understand support and resistance levels to gauge future price movements. The previous low of $0.000âŠ
The post Shiba Inu ($SHIB) Poised for New All-Time Highs: A Trend Analysis appeared first on Coin Edition.
SOL, OM, and FET: Crypto Analyst Highlights Key Levels to Watch
Solana (SOL) moves slowly but steadily, approaching a critical resistance at $165.
OM nears its all-time high, with traders eyeing $1.41 amid bullish market sentiment.
Fetch.AI (FET) gains momentum, aiming for $2, with strong support from its 200-day EMA.
Crypto traders and analysts have closed in on tokens SOL, OM, and FET. Latest price charts and expert commentary from Altcoin Sherpa, a crypto analyst, reveal key developments in these assets. Each token shows unique price patterns, and traders are looking for potential breakouts or dips.
$SOL grinds to 165 but this has been a slow mover, don't really know what's going on with it. much better to trade stuff like SUI if you're active. I still think SOL is a good bet though pic.twitter.com/lguSDHMJqf
â Altcoin Sherpa (@AltcoinSherpa) September 26, 2024
SOL Slowly Grinds Upwards
Solana (SOL), currently trading around $152, has been moving slowly but steadily. According to a recent chart, SOL is grinding towards the $165 resistance level. The chart shows an upward trend, with SOL consistently testing resistance points. The 200-day Exponential Moving Average (EMA) is around $139.95, which the price has pasâŠ
The post SOL, OM, and FET: Crypto Analyst Highlights Key Levels to Watch appeared first on Coin Edition.
OM nears its all-time high, with traders eyeing $1.41 amid bullish market sentiment.
Fetch.AI (FET) gains momentum, aiming for $2, with strong support from its 200-day EMA.
Crypto traders and analysts have closed in on tokens SOL, OM, and FET. Latest price charts and expert commentary from Altcoin Sherpa, a crypto analyst, reveal key developments in these assets. Each token shows unique price patterns, and traders are looking for potential breakouts or dips.
$SOL grinds to 165 but this has been a slow mover, don't really know what's going on with it. much better to trade stuff like SUI if you're active. I still think SOL is a good bet though pic.twitter.com/lguSDHMJqf
â Altcoin Sherpa (@AltcoinSherpa) September 26, 2024
SOL Slowly Grinds Upwards
Solana (SOL), currently trading around $152, has been moving slowly but steadily. According to a recent chart, SOL is grinding towards the $165 resistance level. The chart shows an upward trend, with SOL consistently testing resistance points. The 200-day Exponential Moving Average (EMA) is around $139.95, which the price has pasâŠ
The post SOL, OM, and FET: Crypto Analyst Highlights Key Levels to Watch appeared first on Coin Edition.
WazirX Gets Reprieve From Singapore Court After $234 Million Crypto Hack
Singapore court grants WazirX a four-month moratorium to address a $234M hack impact. Â
The court mandates WazirX disclose wallet addresses and respond to customer queries publicly. Â
WazirX must release financial records within six weeks under strict transparency conditions.
The High Court in Singapore granted WazirX, an Indian cryptocurrency exchange, a four-month judicial stay. This moratorium will allow WazirX to address the impact of a $234 million hack in July that affected 45% of customer funds. To prevent future market manipulation, the court imposed strict conditions, and WazirX must be open with stakeholders.
One condition requires WazirX to disclose its wallet addresses through a court affidavit. The exchange must also answer customer questions raised during the proceedings and release its financial records within six weeks. Any future voting on the exchangeâs course of action will be overseen by independent parties to ensure fairness and transparency for all stakeholders.
WazirX requested a six-month moratorium but received only four months under the above-mentioned conditions. The exchange acted quickly to secure this legal protection after thâŠ
The post WazirX Gets Reprieve From Singapore Court After $234 Million Crypto Hack appeared first on Coin Edition.
The court mandates WazirX disclose wallet addresses and respond to customer queries publicly. Â
WazirX must release financial records within six weeks under strict transparency conditions.
The High Court in Singapore granted WazirX, an Indian cryptocurrency exchange, a four-month judicial stay. This moratorium will allow WazirX to address the impact of a $234 million hack in July that affected 45% of customer funds. To prevent future market manipulation, the court imposed strict conditions, and WazirX must be open with stakeholders.
One condition requires WazirX to disclose its wallet addresses through a court affidavit. The exchange must also answer customer questions raised during the proceedings and release its financial records within six weeks. Any future voting on the exchangeâs course of action will be overseen by independent parties to ensure fairness and transparency for all stakeholders.
WazirX requested a six-month moratorium but received only four months under the above-mentioned conditions. The exchange acted quickly to secure this legal protection after thâŠ
The post WazirX Gets Reprieve From Singapore Court After $234 Million Crypto Hack appeared first on Coin Edition.
Dubaiâs VARA Issues New Crypto Marketing Guidelines, Mandates Risk Disclaimers
New VARA guidelines require enhanced disclaimers on virtual asset ads in the UAE.
Bonuses tied to crypto promotions must receive approval from VARA.
The updated rules aim to boost transparency, safety, and consumer protection.
Dubaiâs Virtual Assets Regulatory Authority (VARA) has released new marketing guidelines for virtual asset firms, according to a Bloomberg report. The updated guidelines require stronger disclaimers about the risks of cryptocurrency investments.
Starting October 1, companies promoting virtual assets in the United Arab Emirates (UAE) must include a clear warning in their advertisements, stating that virtual assets are volatile and may lose value.
VARAâs Chief Executive Officer, Matthew White, said the updated guidelines aim to ensure that virtual asset service providers (VASPs) operate responsibly.
âWe believe that by providing clear and actionable guidance, we can help VASPs deliver their services responsibly, while fostering greater trust and transparency in the market,â White noted.
Read also: Dubai Mandates Licensing for Crypto Firms in New Regulatory Rule
Global Regulators Tighten Oversight of Crypto Marketing
âŠ
The post Dubaiâs VARA Issues New Crypto Marketing Guidelines, Mandates Risk Disclaimers appeared first on Coin Edition.
Bonuses tied to crypto promotions must receive approval from VARA.
The updated rules aim to boost transparency, safety, and consumer protection.
Dubaiâs Virtual Assets Regulatory Authority (VARA) has released new marketing guidelines for virtual asset firms, according to a Bloomberg report. The updated guidelines require stronger disclaimers about the risks of cryptocurrency investments.
Starting October 1, companies promoting virtual assets in the United Arab Emirates (UAE) must include a clear warning in their advertisements, stating that virtual assets are volatile and may lose value.
VARAâs Chief Executive Officer, Matthew White, said the updated guidelines aim to ensure that virtual asset service providers (VASPs) operate responsibly.
âWe believe that by providing clear and actionable guidance, we can help VASPs deliver their services responsibly, while fostering greater trust and transparency in the market,â White noted.
Read also: Dubai Mandates Licensing for Crypto Firms in New Regulatory Rule
Global Regulators Tighten Oversight of Crypto Marketing
âŠ
The post Dubaiâs VARA Issues New Crypto Marketing Guidelines, Mandates Risk Disclaimers appeared first on Coin Edition.
DeFi Markets Brace for Volatility as $568 Million in Tokens Prepare to Unlock
Token unlocks trigger varied price responses depending on market conditions and investor confidence.
PENDLE surged 234% post-unlock, showcasing strong demand despite supply increase.
ENA dropped 66.73% following a token unlock, highlighting unpredictable market reactions.
Token unlocks are changing the DeFi space by releasing tokens into circulation, often causing significant price changes. With over $568 million worth of assets ready to unlock before October 6, the market could become more volatile.
The impact of these unlocks depends on current market conditions and investor sentiment, making this a key period for traders and long-term investors as DeFi projects adapt to their new circulating supplies.
A recent report from Token Unlocks highlighted the different ways token unlocks affect token prices. PENDLE saw a 4.2% unlock of its total supply but managed a 234% price surge, showing strong market confidence.
Yearly Overview: DeFi Token Unlocks & Price Performance Breakdown
As the world of DeFi evolves, understanding how token unlocks influence price movements can offer valuable insights. While every token unlock has the potential to shift market dyâŠ
The post DeFi Markets Brace for Volatility as $568 Million in Tokens Prepare to Unlock appeared first on Coin Edition.
PENDLE surged 234% post-unlock, showcasing strong demand despite supply increase.
ENA dropped 66.73% following a token unlock, highlighting unpredictable market reactions.
Token unlocks are changing the DeFi space by releasing tokens into circulation, often causing significant price changes. With over $568 million worth of assets ready to unlock before October 6, the market could become more volatile.
The impact of these unlocks depends on current market conditions and investor sentiment, making this a key period for traders and long-term investors as DeFi projects adapt to their new circulating supplies.
A recent report from Token Unlocks highlighted the different ways token unlocks affect token prices. PENDLE saw a 4.2% unlock of its total supply but managed a 234% price surge, showing strong market confidence.
Yearly Overview: DeFi Token Unlocks & Price Performance Breakdown
As the world of DeFi evolves, understanding how token unlocks influence price movements can offer valuable insights. While every token unlock has the potential to shift market dyâŠ
The post DeFi Markets Brace for Volatility as $568 Million in Tokens Prepare to Unlock appeared first on Coin Edition.
Virtual Asset Trading Drives Growth in Hong Kongâs Markets
Securities industry profits rose 50% to HKD 19 billion in 1H 2024.
Virtual asset trading generated HKD 77 million in revenue for the first time.
Increased client engagement with 4.87 million active cash and margin accounts.
Hong Kongâs securities industry saw increased profit in the first half of 2024, according to the Securities and Futures Commission (SFC) report.Â
Securities dealers and margin financiers posted total net profits of HKD 19 billion ($2.44 billion) in the first six months of 2024. This is a 50% increase compared to the previous six months and a 29% growth year-on-year. The sector continued its upward trend, building on a 25% year-on-year increase in 2023.
Total industry revenue remained relatively flat due to the rise in net commission income, underwriting fees, and trading profits. However, these gains were offset by declines in asset management and corporate finance advisory services. Reduced non-interest expenses were a major driver of profit growth, suggesting that improved cost management played a key role in the industryâs profitability.
Read also: Hong Kong Solidifies Crypto Hub Status with Bitcoin ETF Growth
Market activityâŠ
The post Virtual Asset Trading Drives Growth in Hong Kongâs Markets appeared first on Coin Edition.
Virtual asset trading generated HKD 77 million in revenue for the first time.
Increased client engagement with 4.87 million active cash and margin accounts.
Hong Kongâs securities industry saw increased profit in the first half of 2024, according to the Securities and Futures Commission (SFC) report.Â
Securities dealers and margin financiers posted total net profits of HKD 19 billion ($2.44 billion) in the first six months of 2024. This is a 50% increase compared to the previous six months and a 29% growth year-on-year. The sector continued its upward trend, building on a 25% year-on-year increase in 2023.
Total industry revenue remained relatively flat due to the rise in net commission income, underwriting fees, and trading profits. However, these gains were offset by declines in asset management and corporate finance advisory services. Reduced non-interest expenses were a major driver of profit growth, suggesting that improved cost management played a key role in the industryâs profitability.
Read also: Hong Kong Solidifies Crypto Hub Status with Bitcoin ETF Growth
Market activityâŠ
The post Virtual Asset Trading Drives Growth in Hong Kongâs Markets appeared first on Coin Edition.
Memecoins Rally: PEPE, BONK Lead the Charge, DOGE Lags
Pepe Coin shows bullish momentum, eyeing a potential rally past $0.0009200 resistance.
Bonkâs price rebound indicates strong buying interest, with key resistance at $0.000002020.
Dogecoin remains poised for gains, supported at $0.1089 and facing $0.114 resistance.
Memecoins Pepe Coin (PEPE), Bonk (BONK), Dogwifhat (WIF), Popcat (SOL), and Catwifhat (CWIF) have seen big price moves recently that have brought a growing interest to traders and investors. Each of the coins has its unique characteristics for the current price surge, leaving many to wonder if Dogecoin (DOGE) will follow suit.
Analyzing Pepe Coinâs Price Dynamics
As at press time, priced at $0.0009062, Pepe Coin has risen by 7.39% in the last 24 hours. The recent price action indicates a bullish reversal from a previous downtrend, attributed to increased buying interest.Â
The critical support level at $0.0008437 marks a point where buyers have previously stepped in, while the psychological support around $0.0008000 provides stability.
Source: Coinmarketcap
The coin faces resistance between $0.0009100 and $0.0009200. If PEPE breaks through this zone, it may rally towards $0.0009500 to $0.0âŠ
The post Memecoins Rally: PEPE, BONK Lead the Charge, DOGE Lags appeared first on Coin Edition.
Bonkâs price rebound indicates strong buying interest, with key resistance at $0.000002020.
Dogecoin remains poised for gains, supported at $0.1089 and facing $0.114 resistance.
Memecoins Pepe Coin (PEPE), Bonk (BONK), Dogwifhat (WIF), Popcat (SOL), and Catwifhat (CWIF) have seen big price moves recently that have brought a growing interest to traders and investors. Each of the coins has its unique characteristics for the current price surge, leaving many to wonder if Dogecoin (DOGE) will follow suit.
Analyzing Pepe Coinâs Price Dynamics
As at press time, priced at $0.0009062, Pepe Coin has risen by 7.39% in the last 24 hours. The recent price action indicates a bullish reversal from a previous downtrend, attributed to increased buying interest.Â
The critical support level at $0.0008437 marks a point where buyers have previously stepped in, while the psychological support around $0.0008000 provides stability.
Source: Coinmarketcap
The coin faces resistance between $0.0009100 and $0.0009200. If PEPE breaks through this zone, it may rally towards $0.0009500 to $0.0âŠ
The post Memecoins Rally: PEPE, BONK Lead the Charge, DOGE Lags appeared first on Coin Edition.
South Korean Court Orders Defunct GDAC to Return $7.3M in WEMIX to Wemade CEO
Seoul court orders GDAC to return 7.8M WEMIX tokens worth $7.31M to Wemade CEO Park Kwan-ho.
GDAC faces a daily fine of 3 million won for non-compliance after 30 days.
2022 GDAC hacker attack compromised their reserves, worsening the exchangeâs downfall.
A South Korean court ruled in favor of Wemade CEO Park Kwan-ho, ordering the now-defunct GDAC crypto exchange to return 7.8 million WEMIX tokens, worth $7.31 million. This ruling is the latest development in the ongoing dispute between Park Kwan-ho and GDAC.
The decision is a follow-up to the earlier July verdict where the Seoul Central District Court granted Park a provisional disposition, highlighting GDACâs failure to comply. Park could not access the tokens due to GDACâs shutdown.
Court Rejects GDACâs Claims Against Wemade CEO
The court rejected GDACâs latest challenge and ordered the trading platform to return the tokens within 30 days. If GDAC does not comply, it faces a daily penalty of $3 million after the deadline. The court also dismissed the exchangeâs allegations of market manipulation and money laundering against Park, citing its failure to maintain a 100% reserve ratio, a key requireâŠ
The post South Korean Court Orders Defunct GDAC to Return $7.3M in WEMIX to Wemade CEO appeared first on Coin Edition.
GDAC faces a daily fine of 3 million won for non-compliance after 30 days.
2022 GDAC hacker attack compromised their reserves, worsening the exchangeâs downfall.
A South Korean court ruled in favor of Wemade CEO Park Kwan-ho, ordering the now-defunct GDAC crypto exchange to return 7.8 million WEMIX tokens, worth $7.31 million. This ruling is the latest development in the ongoing dispute between Park Kwan-ho and GDAC.
The decision is a follow-up to the earlier July verdict where the Seoul Central District Court granted Park a provisional disposition, highlighting GDACâs failure to comply. Park could not access the tokens due to GDACâs shutdown.
Court Rejects GDACâs Claims Against Wemade CEO
The court rejected GDACâs latest challenge and ordered the trading platform to return the tokens within 30 days. If GDAC does not comply, it faces a daily penalty of $3 million after the deadline. The court also dismissed the exchangeâs allegations of market manipulation and money laundering against Park, citing its failure to maintain a 100% reserve ratio, a key requireâŠ
The post South Korean Court Orders Defunct GDAC to Return $7.3M in WEMIX to Wemade CEO appeared first on Coin Edition.
Ethereum Whales Unload $53M ETH When Price Surged Above $2,600
Two Ethereum whales sold a combined 20,610 ETH, totaling over $53 million, amid Ethereumâs recent price surge.
The largest creditor in the Genesis Trading bankruptcy transferred 12,100 ETH.
An Ethereum ICO participant moved 8,400 ETH to the Kraken exchange.
Two large Ethereum whales offloaded a combined 20,610 ETH, worth roughly $53.6 million, over the past few days, according to Spot On Chain data. This move, which involved multiple transactions, drew attention because it coincided with Ethereumâs latest price rally, which saw a 12% increase in recent weeks.
The largest creditor in the Genesis Trading bankruptcy, wallet address 0x999, sent 12,100 ETH, worth about $31.45 million, to FalconX in the last 24 hours. This sale follows a larger payout on August 2, when the wallet received 114,502 ETH ($358.19 million) as part of the Genesis Trading bankruptcy distribution. The wallet still holds 155,000 ETH.
Spot On Chainâs chart analysis revealed that wallet 0x999 began liquidating its holdings on September 23, moving 12,100 ETH over three days.
Ethereum ICO Whale Also Moves Millions
Another Ethereum whale, wallet 0xb8c, an early participant in EthereâŠ
The post Ethereum Whales Unload $53M ETH When Price Surged Above $2,600 appeared first on Coin Edition.
The largest creditor in the Genesis Trading bankruptcy transferred 12,100 ETH.
An Ethereum ICO participant moved 8,400 ETH to the Kraken exchange.
Two large Ethereum whales offloaded a combined 20,610 ETH, worth roughly $53.6 million, over the past few days, according to Spot On Chain data. This move, which involved multiple transactions, drew attention because it coincided with Ethereumâs latest price rally, which saw a 12% increase in recent weeks.
The largest creditor in the Genesis Trading bankruptcy, wallet address 0x999, sent 12,100 ETH, worth about $31.45 million, to FalconX in the last 24 hours. This sale follows a larger payout on August 2, when the wallet received 114,502 ETH ($358.19 million) as part of the Genesis Trading bankruptcy distribution. The wallet still holds 155,000 ETH.
Spot On Chainâs chart analysis revealed that wallet 0x999 began liquidating its holdings on September 23, moving 12,100 ETH over three days.
Ethereum ICO Whale Also Moves Millions
Another Ethereum whale, wallet 0xb8c, an early participant in EthereâŠ
The post Ethereum Whales Unload $53M ETH When Price Surged Above $2,600 appeared first on Coin Edition.
Ethena to Launch Stablecoin Backed by BlackRockâs Tokenized BUIDL Fund
Ethenaâs UStb will be backed by BlackRockâs BUIDL, offering a safer reserve base.
UStb aims to stabilize USDe by reallocating assets during market instability.
Ethena secures $14M in funding to expand with UStb and strengthen market position.
Ethena is preparing to launch a new stablecoin called UStb with Securitize, a real-world asset tokenization platform. Unlike its synthetic dollar stablecoin, USDe, UStb will be backed by BlackRockâs USD Institutional Digital Liquidity Fund (BUIDL).
The BUIDL fund, tokenized on Ethereum, mainly invests in U.S. dollars, short-term Treasury bills, and repurchase agreements. This backing gives UStb a strong reserve base, setting it apart from other stablecoins.
The stablecoin market has grown rapidly, with BUIDL managing over $522 million since its March 2024 launch. UStbâs introduction could be a major step forward in the tokenized government securities space, which holds over $2 billion in assets.
A New Approach to Stability
Unlike Ethenaâs USDe, which relies on a complex derivative hedging strategy, UStb will have a more traditional backing. USDe, launched in February, became the fifth-largest stablecoin byâŠ
The post Ethena to Launch Stablecoin Backed by BlackRockâs Tokenized BUIDL Fund appeared first on Coin Edition.
UStb aims to stabilize USDe by reallocating assets during market instability.
Ethena secures $14M in funding to expand with UStb and strengthen market position.
Ethena is preparing to launch a new stablecoin called UStb with Securitize, a real-world asset tokenization platform. Unlike its synthetic dollar stablecoin, USDe, UStb will be backed by BlackRockâs USD Institutional Digital Liquidity Fund (BUIDL).
The BUIDL fund, tokenized on Ethereum, mainly invests in U.S. dollars, short-term Treasury bills, and repurchase agreements. This backing gives UStb a strong reserve base, setting it apart from other stablecoins.
The stablecoin market has grown rapidly, with BUIDL managing over $522 million since its March 2024 launch. UStbâs introduction could be a major step forward in the tokenized government securities space, which holds over $2 billion in assets.
A New Approach to Stability
Unlike Ethenaâs USDe, which relies on a complex derivative hedging strategy, UStb will have a more traditional backing. USDe, launched in February, became the fifth-largest stablecoin byâŠ
The post Ethena to Launch Stablecoin Backed by BlackRockâs Tokenized BUIDL Fund appeared first on Coin Edition.
SEI Network Explodes: TVL Hits $200M, 8-10x Surge Predicted
SEI Network surpassed $200M TVL within four months of V2 launch.
Daily active users on the SEI Network increased by 244% monthly.
SEI is expected to follow the path of SOL and FTM, with potential 8-10x growth.
The SEI Networkâs Total Value Locked (TVL) exceeded $200 million, cementing its place as a major Layer 1 blockchain in DeFi.
This milestone was reached after the successful launch of its V2 protocol, which helped in this meteoric rise from just $5 million in January 2024. In the four months since the V2 rollout, the SEI Network has shown impressive momentum, with a 57.44% monthly increase in value locked.
Investors are drawn to SEI Networkâs innovative DeFi offerings and growing user base. The platform has seen a 244% increase in monthly active participation and now has 65,000 daily active users.
Regarding its tokenomics, the networkâs circulating supply of 1.8 billion tokens and a total supply of 10 billion suggest significant room for growth. The planned release of 55% of new tokens over the next 12 months should drive further development.
SEI Eyes 8-10x Surge in 2025 Bull Run
Market analysts see similarities between SEIâs trajectory and tâŠ
The post SEI Network Explodes: TVL Hits $200M, 8-10x Surge Predicted appeared first on Coin Edition.
Daily active users on the SEI Network increased by 244% monthly.
SEI is expected to follow the path of SOL and FTM, with potential 8-10x growth.
The SEI Networkâs Total Value Locked (TVL) exceeded $200 million, cementing its place as a major Layer 1 blockchain in DeFi.
This milestone was reached after the successful launch of its V2 protocol, which helped in this meteoric rise from just $5 million in January 2024. In the four months since the V2 rollout, the SEI Network has shown impressive momentum, with a 57.44% monthly increase in value locked.
Investors are drawn to SEI Networkâs innovative DeFi offerings and growing user base. The platform has seen a 244% increase in monthly active participation and now has 65,000 daily active users.
Regarding its tokenomics, the networkâs circulating supply of 1.8 billion tokens and a total supply of 10 billion suggest significant room for growth. The planned release of 55% of new tokens over the next 12 months should drive further development.
SEI Eyes 8-10x Surge in 2025 Bull Run
Market analysts see similarities between SEIâs trajectory and tâŠ
The post SEI Network Explodes: TVL Hits $200M, 8-10x Surge Predicted appeared first on Coin Edition.
Worldpay Ventures into Blockchain with Validator Role
Worldpay enters blockchain validation, deepening its role in digital transaction systems.
Processed $1.3B in stablecoin payments in 2024, signaling increased use in transactions.
Solana integration streamlines payment settlements with USDC, enhancing financial processes.
Worldpay Inc., a global payments provider, is diving into blockchain infrastructure by working to verify blockchain transactions. This move will help the company better understand digital ledgers and how financial transactions move through these systems.
Worldpay also plans to engage directly in blockchain validation, verifying and authenticating transactions on a blockchain.
Sanchit Mall, Worldpayâs web3 and crypto lead for the Asia-Pacific region, said the firm is talking with several blockchain platforms to act as a validator. Mall added that the company wants to play a key role in the ecosystem as funds move across digital ledgers in the future.
In 2024, Worldplay processed $1.3 billion in stablecoin payments, up from less than $1 billion the previous year. While this is a small fraction of the firmâs total annual processing of $2.3 trillion in payments, it shows a growing interesâŠ
The post Worldpay Ventures into Blockchain with Validator Role appeared first on Coin Edition.
Processed $1.3B in stablecoin payments in 2024, signaling increased use in transactions.
Solana integration streamlines payment settlements with USDC, enhancing financial processes.
Worldpay Inc., a global payments provider, is diving into blockchain infrastructure by working to verify blockchain transactions. This move will help the company better understand digital ledgers and how financial transactions move through these systems.
Worldpay also plans to engage directly in blockchain validation, verifying and authenticating transactions on a blockchain.
Sanchit Mall, Worldpayâs web3 and crypto lead for the Asia-Pacific region, said the firm is talking with several blockchain platforms to act as a validator. Mall added that the company wants to play a key role in the ecosystem as funds move across digital ledgers in the future.
In 2024, Worldplay processed $1.3 billion in stablecoin payments, up from less than $1 billion the previous year. While this is a small fraction of the firmâs total annual processing of $2.3 trillion in payments, it shows a growing interesâŠ
The post Worldpay Ventures into Blockchain with Validator Role appeared first on Coin Edition.
$125,000 Stolen From Crypto Exchange in Hong Kong, Two Men Caught
2 men have been arrested in Hong Kong for stealing $125K.
The two men were allegedly running a fake virtual currency exchange shop.Â
The shop was only a month and a half old.
Hong Kong Police arrested two men in connection with a theft at a digital currency exchange shop in the Sham Shui Po district. The Sham Shui Po Police District Crime Unit apprehended the two men for stealing NT$4 million ($125,000) from the shop on Monday afternoon.
Senior Inspector Leung Wai-hin of the Sham Shui Po Police District Crime Unit said that a 43-year-old man brought around $125,000 in cash to a crypto exchange shop on Cheung Sha Wan Road in Sham Shui Po on Monday afternoon. The man gave the cash to a woman at the counter.
Read also: Hong Kong Solidifies Crypto Hub Status with Bitcoin ETF Growth
Senior Inspector Leung Wai-hin of the Sham Shui Po Police District Crime Unit confirmed that a 43-year-old man brought around $125,000 in cash to a crypto exchange shop in a shopping mall on Cheung Sha Wan Road in Sham Shui Po on Monday afternoon. The man then proceeded to hand over the cash to a woman on the counter.Â
The woman went into a room in the store, making the victimâŠ
The post $125,000 Stolen From Crypto Exchange in Hong Kong, Two Men Caught appeared first on Coin Edition.
The two men were allegedly running a fake virtual currency exchange shop.Â
The shop was only a month and a half old.
Hong Kong Police arrested two men in connection with a theft at a digital currency exchange shop in the Sham Shui Po district. The Sham Shui Po Police District Crime Unit apprehended the two men for stealing NT$4 million ($125,000) from the shop on Monday afternoon.
Senior Inspector Leung Wai-hin of the Sham Shui Po Police District Crime Unit said that a 43-year-old man brought around $125,000 in cash to a crypto exchange shop on Cheung Sha Wan Road in Sham Shui Po on Monday afternoon. The man gave the cash to a woman at the counter.
Read also: Hong Kong Solidifies Crypto Hub Status with Bitcoin ETF Growth
Senior Inspector Leung Wai-hin of the Sham Shui Po Police District Crime Unit confirmed that a 43-year-old man brought around $125,000 in cash to a crypto exchange shop in a shopping mall on Cheung Sha Wan Road in Sham Shui Po on Monday afternoon. The man then proceeded to hand over the cash to a woman on the counter.Â
The woman went into a room in the store, making the victimâŠ
The post $125,000 Stolen From Crypto Exchange in Hong Kong, Two Men Caught appeared first on Coin Edition.
NEAR Price Surges 65% as Sharding Drives Adoption
NEAR has recovered from the recent pullback that saw it drop to $3.409.
The altcoin recovered by surging 65% in the past three weeks.
Sharding implementation triggered increased NEAR adoption, leading to surging prices.
NEAR, the native token of the Near Protocol, rebounded from a recent pullback that sent it to $3.409 on September 6. NEAR recovered in about three weeks, shifting the cryptocurrencyâs price trend into a classic bullish mode due to increased adoption.
TradingView data shows that NEAR jumped nearly 65% in the past three weeks, breaking above key resistance levels. The blockchain token has recovered from the losses it experienced between August 24 and September 6, when the price faced strong bearish pressure.
NEARUSD Daily Chart on TradingView
Technical analysis of the NEARUSD daily chart shows a bullish breakout from a W-Pattern, signaling the start of another phase in the bullish trend. NEAR climbed above the August 24 $5.26 top, which aligns with 0.618 Fibonacci resistance. The altcoin retraced to retest the resistance-turned-support before bouncing upward.
NEARâs new path could lead to further upward movement, with analysts expectâŠ
The post NEAR Price Surges 65% as Sharding Drives Adoption appeared first on Coin Edition.
The altcoin recovered by surging 65% in the past three weeks.
Sharding implementation triggered increased NEAR adoption, leading to surging prices.
NEAR, the native token of the Near Protocol, rebounded from a recent pullback that sent it to $3.409 on September 6. NEAR recovered in about three weeks, shifting the cryptocurrencyâs price trend into a classic bullish mode due to increased adoption.
TradingView data shows that NEAR jumped nearly 65% in the past three weeks, breaking above key resistance levels. The blockchain token has recovered from the losses it experienced between August 24 and September 6, when the price faced strong bearish pressure.
NEARUSD Daily Chart on TradingView
Technical analysis of the NEARUSD daily chart shows a bullish breakout from a W-Pattern, signaling the start of another phase in the bullish trend. NEAR climbed above the August 24 $5.26 top, which aligns with 0.618 Fibonacci resistance. The altcoin retraced to retest the resistance-turned-support before bouncing upward.
NEARâs new path could lead to further upward movement, with analysts expectâŠ
The post NEAR Price Surges 65% as Sharding Drives Adoption appeared first on Coin Edition.
Justin Sun Moves Millions in TUSD, Sparking Sell-Off Speculation
Justin Sun transferred 72 million in TUSD to four different addresses.
Sunâs address still has 175.7 million TUSD tokens.
A total of 216.6 million TUSD tokens were transferred to HTX by Sunâs team.
Justin Sun, the founder of the Tron blockchain, moved millions in TUSD, a stablecoin pegged to the US dollar (USD), to various addresses, leading to speculation in the digital asset community about these transactions.
Blockchain analysis platform Arkham Intelligence data showed, the wallet 0x9FCâŠc19Fe sent a total of 72 million TUSD to four different addresses, but Sun still holds 175.7 million TUSD tokens and $10 million in other cryptocurrencies like USDC, ETH, XCN, and HT.
PeckShield, another blockchain analysis firm, was among the first to report the transactions. X user @EmberCN noted that Sunâs team had sent a total of 216.6 million TUSD to HTX on the Tron and Ethereum chains, suggesting a possible sell-off.
èżć»äž€äžȘć°æ¶ïŒćć„ćąéçžć łć°ććšæłąćșéŸć仄ć€ȘćéŸć ±èźĄć° 2.166 äșżæ $TUSD èœŹèż HTXă
ç°ćš TUSD çäŸćșéä» æ 4.955 äșżïŒèćć„ćąéçžć łć°ćć°±ææäș 3.943 äșżïŒé€ćæèœŹèż HTX ç 2.166 äșżâŠ
The post Justin Sun Moves Millions in TUSD, Sparking Sell-Off Speculation appeared first on Coin Edition.
Sunâs address still has 175.7 million TUSD tokens.
A total of 216.6 million TUSD tokens were transferred to HTX by Sunâs team.
Justin Sun, the founder of the Tron blockchain, moved millions in TUSD, a stablecoin pegged to the US dollar (USD), to various addresses, leading to speculation in the digital asset community about these transactions.
Blockchain analysis platform Arkham Intelligence data showed, the wallet 0x9FCâŠc19Fe sent a total of 72 million TUSD to four different addresses, but Sun still holds 175.7 million TUSD tokens and $10 million in other cryptocurrencies like USDC, ETH, XCN, and HT.
PeckShield, another blockchain analysis firm, was among the first to report the transactions. X user @EmberCN noted that Sunâs team had sent a total of 216.6 million TUSD to HTX on the Tron and Ethereum chains, suggesting a possible sell-off.
èżć»äž€äžȘć°æ¶ïŒćć„ćąéçžć łć°ććšæłąćșéŸć仄ć€ȘćéŸć ±èźĄć° 2.166 äșżæ $TUSD èœŹèż HTXă
ç°ćš TUSD çäŸćșéä» æ 4.955 äșżïŒèćć„ćąéçžć łć°ćć°±ææäș 3.943 äșżïŒé€ćæèœŹèż HTX ç 2.166 äșżâŠ
The post Justin Sun Moves Millions in TUSD, Sparking Sell-Off Speculation appeared first on Coin Edition.
TON Blockchainâs Biggest Test Yet: Hamster Kombat Airdrop
Hamster Kombatâs launch could redefine crypto with the largest token airdrop ever.
Validators must monitor systems closely to ensure TONâs network stability and integrity.
Mintless Jettons technology enables efficient token distribution while minimizing transaction costs.
The TON blockchain is preparing for a surge in activity as the Hamster Kombat game gets ready to mint tokens. This project, with over 300 million users, will conduct a massive airdrop. The event, many believe, is going to the largest token launch ever.Â
Starting September 26 at 10:00 UTC, validators must remain alert as the network faces unprecedented traffic. The developers see this as a crucial test for the TON ecosystem.
Validators on High Alert
From September 26 to September 29, validators must closely monitor their systems. Increased blockchain load could create network challenges. TON has asked validators to watch their hardware and status to ensure optimal performance.
If emergency actions become necessary, validators should respond within the hour. This proactive approach is vital to maintaining network integrity during this critical period.
Mintless Jettons Technology foâŠ
The post TON Blockchainâs Biggest Test Yet: Hamster Kombat Airdrop appeared first on Coin Edition.
Validators must monitor systems closely to ensure TONâs network stability and integrity.
Mintless Jettons technology enables efficient token distribution while minimizing transaction costs.
The TON blockchain is preparing for a surge in activity as the Hamster Kombat game gets ready to mint tokens. This project, with over 300 million users, will conduct a massive airdrop. The event, many believe, is going to the largest token launch ever.Â
Starting September 26 at 10:00 UTC, validators must remain alert as the network faces unprecedented traffic. The developers see this as a crucial test for the TON ecosystem.
Validators on High Alert
From September 26 to September 29, validators must closely monitor their systems. Increased blockchain load could create network challenges. TON has asked validators to watch their hardware and status to ensure optimal performance.
If emergency actions become necessary, validators should respond within the hour. This proactive approach is vital to maintaining network integrity during this critical period.
Mintless Jettons Technology foâŠ
The post TON Blockchainâs Biggest Test Yet: Hamster Kombat Airdrop appeared first on Coin Edition.
Is Bitcoin Code Actually Free Speech? Crypto Leaders Canât Agree
Michael Saylor claims Bitcoin is protected by the First Amendment as a form of free speech.
Ripple CTO argues Bitcoinâs functional aspects can still be regulated.
The debate highlights ongoing tensions regarding the legal status and regulation of Bitcoin.
A hot topic brewing among crypto leaders like Rippleâs CTO and MicroStrategyâs chairman is whether the First Amendment of the U.S. Constitution protects Bitcoin. The debate centers on whether Bitcoin, as open-source software and a decentralized financial tool, constitutes a form of free speech.
Michael Saylor, Chairman of MicroStrategy, led the argument that Bitcoin is a form of speech and deserves protection from government regulation.
#Bitcoin is speech and therefore protected by the First Amendment.https://t.co/w7PmkpDjbE
â Michael Saylor (@saylor) September 25, 2024
The argument was based on the idea that Bitcoin operates through code, which the courts have recognized as a form of speech. Regulating or banning Bitcoin would be a violation of the right to free speech. However, not everyone agrees with this view.
Ripple CTOâs Challenge to the Claim
Community figure Khaled Elawadi respondâŠ
The post Is Bitcoin Code Actually Free Speech? Crypto Leaders Canât Agree appeared first on Coin Edition.
Ripple CTO argues Bitcoinâs functional aspects can still be regulated.
The debate highlights ongoing tensions regarding the legal status and regulation of Bitcoin.
A hot topic brewing among crypto leaders like Rippleâs CTO and MicroStrategyâs chairman is whether the First Amendment of the U.S. Constitution protects Bitcoin. The debate centers on whether Bitcoin, as open-source software and a decentralized financial tool, constitutes a form of free speech.
Michael Saylor, Chairman of MicroStrategy, led the argument that Bitcoin is a form of speech and deserves protection from government regulation.
#Bitcoin is speech and therefore protected by the First Amendment.https://t.co/w7PmkpDjbE
â Michael Saylor (@saylor) September 25, 2024
The argument was based on the idea that Bitcoin operates through code, which the courts have recognized as a form of speech. Regulating or banning Bitcoin would be a violation of the right to free speech. However, not everyone agrees with this view.
Ripple CTOâs Challenge to the Claim
Community figure Khaled Elawadi respondâŠ
The post Is Bitcoin Code Actually Free Speech? Crypto Leaders Canât Agree appeared first on Coin Edition.
Silvergate Collapse: Did Warren and Biden Push the Bank to Fail?
Senator Warren forced the liquidation of Silvergate, a report claims.Â
An unofficial mandate capped Silvergateâs crypto deposits at 15 percent.
Warren pressured FHLB to not renew its loan agreement with Silvergate.
The crypto industry saw the downfall of several crypto-friendly banks last year and according to a report from Pirate Wires, Massachusetts Senator and member of the Senate Banking Committee, Elizabeth Warren, and the broader Joe Biden administration played a role in the collapse of Silvergate Bank.
Silvergate Bank filed for bankruptcy last week and the report authored by Nic Carter detailed how the firm was wronged by the Biden administration, citing new bankruptcy documents and interviews with unnamed individuals as sources. According to the report, had Silvergate not been forced to liquidate, it could have survived the 2022 crypto market crash.
Verbal Mandates and Regulatory Pressure on Crypto Deposits
The report stated that a directive was given to Silvergate to limit its crypto deposits to 15%, which âmade the business model unsustainable.â Although there was no formal documentation for this instruction, the bank still complied due âŠ
The post Silvergate Collapse: Did Warren and Biden Push the Bank to Fail? appeared first on Coin Edition.
An unofficial mandate capped Silvergateâs crypto deposits at 15 percent.
Warren pressured FHLB to not renew its loan agreement with Silvergate.
The crypto industry saw the downfall of several crypto-friendly banks last year and according to a report from Pirate Wires, Massachusetts Senator and member of the Senate Banking Committee, Elizabeth Warren, and the broader Joe Biden administration played a role in the collapse of Silvergate Bank.
Silvergate Bank filed for bankruptcy last week and the report authored by Nic Carter detailed how the firm was wronged by the Biden administration, citing new bankruptcy documents and interviews with unnamed individuals as sources. According to the report, had Silvergate not been forced to liquidate, it could have survived the 2022 crypto market crash.
Verbal Mandates and Regulatory Pressure on Crypto Deposits
The report stated that a directive was given to Silvergate to limit its crypto deposits to 15%, which âmade the business model unsustainable.â Although there was no formal documentation for this instruction, the bank still complied due âŠ
The post Silvergate Collapse: Did Warren and Biden Push the Bank to Fail? appeared first on Coin Edition.
Cardano Flexes Its Muscles: 8 Transactions, 1600 Recipients at Just $2.38 Fees
Cardano processed 8 transactions billed to 1,600 recipients for just 5.16 ADA.
Hydra and Leios upgrades will further improve Cardanoâs efficiency.
ADA has claimed the 10th spot in the crypto market by market cap.
In a single block, the Cardano blockchain processed eight transactions for 1,600 recipients with just $2.38 in fees.
This demonstration of scalability and affordability was highlighted by Charles Hoskinson, the creator of Cardano, when he reposted an X (formerly Twitter) post originally shared by Dedium, a Cardano-based decentralized GPU computing network. This showcases Cardanoâs potential as a leading blockchain platform.
#Cardano can transfer assets to 1,600 users within a single block, all for a fee of just 5.16 $ADA. https://t.co/nwtfYzsGJI
â Cardano YODâł (@JaromirTesar) September 25, 2024
The block that processed the eight transactions reached 80 TPS without using Hydra, Cardanoâs scaling project. This project fuels crypto investorsâ optimism for the blockchain. One X user commented that with additional scaling, Cardano could achieve even higher TPS.
Cardanoâs Upgrades: Hydra and Leios
For long, Cardano enthusiasts have been âŠ
The post Cardano Flexes Its Muscles: 8 Transactions, 1600 Recipients at Just $2.38 Fees appeared first on Coin Edition.
Hydra and Leios upgrades will further improve Cardanoâs efficiency.
ADA has claimed the 10th spot in the crypto market by market cap.
In a single block, the Cardano blockchain processed eight transactions for 1,600 recipients with just $2.38 in fees.
This demonstration of scalability and affordability was highlighted by Charles Hoskinson, the creator of Cardano, when he reposted an X (formerly Twitter) post originally shared by Dedium, a Cardano-based decentralized GPU computing network. This showcases Cardanoâs potential as a leading blockchain platform.
#Cardano can transfer assets to 1,600 users within a single block, all for a fee of just 5.16 $ADA. https://t.co/nwtfYzsGJI
â Cardano YODâł (@JaromirTesar) September 25, 2024
The block that processed the eight transactions reached 80 TPS without using Hydra, Cardanoâs scaling project. This project fuels crypto investorsâ optimism for the blockchain. One X user commented that with additional scaling, Cardano could achieve even higher TPS.
Cardanoâs Upgrades: Hydra and Leios
For long, Cardano enthusiasts have been âŠ
The post Cardano Flexes Its Muscles: 8 Transactions, 1600 Recipients at Just $2.38 Fees appeared first on Coin Edition.
Worldcoin Price Surges Despite $831K Fine in South Korea
Worldcoin faces $831K fines for breaching South Korean data protection laws.
Worldcoin expands globally, with over 6.7M verifications and rising wallet transactions.
Worldcoinâs price surges 14% amid bullish market trends, with RSI suggesting a possible correction.
The Personal Information Protection Commission (PIPC) of South Korea fined the Worldcoin Foundation and Tools for Humanity (TFH) for violating personal data protection laws. The Worldcoin Foundation received a KRW 725 million ($546,000) penalty for mishandling sensitive information and sending it overseas without permission.
TFH also received a KRW 379 million ($285,000) fine for violating local regulations on the transfer of personal data. These fines are the result of an investigation that began in February due to concerns that Worldcoin was collecting biometric data without consent in exchange for cryptocurrency.
Despite these penalties, Worldcoin continues its expansion. The organization recently launched World ID, a digital identity platform, in new markets, including Guatemala, Malaysia, and Poland.
1 week, 3 World ID verification launches pic.twitter.com/CwwNPNUPzh
â Worldcoin (@worldâŠ
The post Worldcoin Price Surges Despite $831K Fine in South Korea appeared first on Coin Edition.
Worldcoin expands globally, with over 6.7M verifications and rising wallet transactions.
Worldcoinâs price surges 14% amid bullish market trends, with RSI suggesting a possible correction.
The Personal Information Protection Commission (PIPC) of South Korea fined the Worldcoin Foundation and Tools for Humanity (TFH) for violating personal data protection laws. The Worldcoin Foundation received a KRW 725 million ($546,000) penalty for mishandling sensitive information and sending it overseas without permission.
TFH also received a KRW 379 million ($285,000) fine for violating local regulations on the transfer of personal data. These fines are the result of an investigation that began in February due to concerns that Worldcoin was collecting biometric data without consent in exchange for cryptocurrency.
Despite these penalties, Worldcoin continues its expansion. The organization recently launched World ID, a digital identity platform, in new markets, including Guatemala, Malaysia, and Poland.
1 week, 3 World ID verification launches pic.twitter.com/CwwNPNUPzh
â Worldcoin (@worldâŠ
The post Worldcoin Price Surges Despite $831K Fine in South Korea appeared first on Coin Edition.
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BinanceTurns7
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#BinanceTurns7 Come celebrate 7 years of Binance with us to unlock digital badges and win some exclusive 7YA swag!Â
Task 1: Share Your Binance Birthday Wishes to Unlock the Basic 7YA Digital Badge
- Complete the setup of your Binance Square profile (e.g., username, profile, biography) and follow this account @Binance_Square_Official during the Activity Period.Â
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Activity Period: 2024-07-05 12:00 (UTC) to 2024-07-10 11:59 (UTC)
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