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Binance-Listed Altcoin Falls Big â Hereâs Why After a year of anticipation, the launch of Scrollâs governance token, SCR, has encountered significant challenges due to issues with the distribution of the tokens, leading to a sharp decline in its value. The layer-2 network, once touted as the âturtle that won the Ethereum scaling race,â is now grappling with a 32% drop in the price of its token just one day after its launch. Launched at $1.40, SCR is currently trading at $0.89, with its market cap falling below $180 million. This drastic drop has pushed the token out of the top 250 cryptocurrencies on CoinMarketCap, raising questions about Scrollâs token launch strategy and long-term prospects. The decline in SCRâs value coincides with a 23% drop in the networkâs Total Value Locked (TVL), which hit $1 billion earlier this month, according to DeFiLlama data. While underperforming token launches are not uncommon, Scrollâs struggles appear to be linked to its token allocation decisions.
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Binance Moonbix Super Thursday: UFOs, Mystery Boxes, and $DOGS Tokens The highly anticipated Super Thursday UFO event on Moonbix, a new mini-game by Binance, is set to begin on October 24, 2024. Participants in this exclusive event can unlock a range of exciting rewards, including a UFO Mystery Box containing 1,160 $DOGS tokens. The event will run for a full 24 hours, from 00:00 to 23:59 UTC, giving Moonbix explorers ample time to catch UFOs and earn valuable prizes. UFO campaign Binance MoonBix Event Details The UFO campaign on Moonbix is one of the most anticipated events in the Moonbix Binance Telegram Game. A total of 50,000 explorers have been pre- selected based on criteria announced on October 20, 2024, in a previous Moonbix Airdrop announcement. These lucky participants were chosen under the Award Selection Rules and will get a chance to play Moonbix during the event.
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The 11.5k Bitcoins transferred by Tesla are likely still owned by the company. The transfer, worth almost $780m, was likely just wallet rotations, as clarified by Arkham Intelligence.
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Crypto Price Today: Bitcoin Records Minor Losses as Most Altcoins Move Sideways in Volatile Market Bitcoin, in the last 48 hours, managed to retain its trading price above the mark of $65,000 (roughly Rs. 54.6 lakh) despite volatility affecting the overall crypto market. On Wednesday, October 23 Bitcoin reflected a minor loss of 0.62 percent on the price chart. On international exchanges, BTC is trading at the price point of $67,095 (roughly Rs. 56.4 lakh), showed CoinMarketCap. Meanwhile, on Indian exchanges like CoinDCX and CoinSwitch, BTC's price is hovering over the mark of $68,029 (roughly Rs. 57.1 lakh). âIn the last 24 hours, Bitcoin saw a slight dip amid rising US Treasury yields impacting riskier assets. The cryptocurrency market is still thriving, as evidenced by the impressive $2.2 billion (roughly Rs. 18,497 crore) inflow into Ethereum and Bitcoin ETFs in the last week, which suggests strong institutional interest. This surge reflects growing confidence as investors anticipate potential bullish trends. As we look ahead, the outlook remains positive for Bitcoin and other cryptocurrencies,
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If Bitcoin falls below $66,000, the cumulative multi-order clearing intensity of mainstream CEX will reach 1.12 billion đž
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