$BTC Money will come out of the market in the coming three days. Market will be down on Friday, Saturday and Sunday and there is a possibility of crash.Stay alert on future traders $BTC #crashed
#BankOfAmerica Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at whatâs ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On todayâs show, Nemil Dalal, product lead of the Coinbase Developer Platform, discusses Coinbaseâs first AI-to-AI crypto transaction.
#BTCâ New Regulatory News Update: The SEC raises concerns about FTX's bankruptcy resolution plans, hinting at potential legal issues.
âą Asian News: OKX appoints former Monetary Authority of Singapore official as CEO of its Singapore unit, secures significant license.
âą New Altcoin JetBolt is growing rapidly as its presale kicks off. With game changing new features such as zero gas fees, AI, and easy to earn crypto staking, this new coin should be closely watched in 2024. Powered by the Skale Network, JetBolt hopes to provide an invisible layer between applications and blockchain.
âą Ripple's unlocking of 1 billion XRP tokens causes a 2.29% drop in price, triggering market uncertainty.
âą Metaplanet partners with SBI VC Trade in Japan.
#Uniswape Uniswap Labs will pay $175,000 to settle charges it offered illegal leveraged and margined commodities transactions, the U.S. Commodity Futures Trading Commission announced Wednesday. Uniswap developed a user interface and a set of smart contracts that let users trade tokens on the platform, the CFTC said. This included tokens developed by third parties â meaning people who don't work for Uniswap â that exposed investors to margined or leveraged returns against the price of bitcoin (BTC) and ether (ETH).
Btc vs ape coin ApeCoin has unveiled the Blueprint for ApeChain, highlighting its focus on enhancing the blockchain experience through content, tools, and distribution.
Bored Ape Yacht Club-inspired crypto ecosystem ApeCoin has unveiled the âBlueprintâ for its layer-2 solution ApeChain, marking a key advancement in its blockchain strategy by focusing on content, tools, and distribution to elevate user and developer experiences.
In a press release shared with crypto.news, ApeCoin outlined the first phase of ApeChainâs rollout, which includes prioritizing content partners, developing a user-friendly ecosystem site, and providing robust developer tools.
ApeChain, per Greg Solano, chief executive of Yuga Labs, is prioritizing âkiller day one content partnersâ in an effort to find the âcoolest stuff on the chain easy.â The network will also focus on incentives and distribution channels âthat help creators get noticed,â Solano added.
To achieve this goal, ApeChain collaborated with web3 firms like Halliday, Decent, and Privy to streamline onboarding and fiat onramps via the ApeChain Portal.
You might also like: ApeCoin DAO launches accelerator to increase APE adoption Another component of the ApeChain would enable users to bet on events or individuals via the so-called Reboot Protocol in addition to the Native Yield system developed for withdrawals of assets like ApeCoin ApeCoin ape -3.01% ApeCoin and Ethereum (ETH). ApeCoin says ApeChainâs strategy aligns with Arbitrum milestones, including the integration of Stylus, which allows blockchain developers to build smart contracts using WebAssembly-compatible languages.As crypto.news reported earlier, the ApeCoin DAO community greenlit the development of ApeChain on Arbitrum in February, with backing from Horizen Labs. The technical roadmap indicates that APE tokens will serve as both the gas and governance token for the new network. A few months later, in July, the ApeChain network debuted testnet named Curtis.Read more: ApeCoin community to buy top NFTs through new DAO ApeCoin ape -3.01% ApeCoin Read more about ApeCoin
Blockchain Layer 2
Experts weigh in on whether Bitcoin can break free from Septemberâs be Bitcoin closed August in red, but experts are divided on whether September could bring a recovery, with some pointing to macroeconomic shifts, potential rate cuts, and rising institutional interest as reasons for optimism.Coinglass data shows that, since 2013, Bitcoin Bitcoin btc -4.44% Bitcoin has often recorded losses during September, making it the worst-performing month for the digital asset. On average, Bitcoin has dropped by -5.36% in September, with gains in only four of the past thirteen years. This consistent poor performance has made investors uneasy, fearing that the trend could persist in 2024. Yet, there are signs this September might break from tradition. Traders are anticipating that a potential interest rate cut by the Federal Reserve could increase demand for riskier assets like Bitcoin. At the same time, institutional interest is higher than before, driven by the approval of spot Bitcoin ETFs in January. Adding to this sanguinity, Bitcoinâs hashrate has hit an all-time high of 746 EH/s, signaling a potentially bullish shift despite recent price fluctuations. Nevertheless, skepticism remains among some analysts who believe the bearish trend could still prevail. Rate cuts and market sentiment Georgii Verbitskii, Founder of TYMIO, suggests that a rate cut could push Bitcoin to test the upper end of its current trading range. He told crypto.news that if central banks go ahead with the anticipated rate cuts, Bitcoin might draw more investors seeking a hedge against inflation.
âGiven that [Bitcoin] has been trading sideways for the past six months, a big breakout before the yearâs conclusion may be logical.â
He added that pro-crypto legislative moves in the United States might further elevate market sentiment and drive investment.
Meanwhile, Casey Grooms, co-founder of Soulbound, underlined that Bitcoinâs recent price action has been influenced by high macroeconomic uncertainty, with a critical pivot in Federal interest rates shaping market sentiment.
Grooms pointed to the Fedâs preferred inflation measure, the Personal Consumption Expenditures (PCE) index, which remains steady at 2.5%.
âWith the closeness to the basic target of 2%, the interest rate cut pivot may happen sooner than expected,â Grooms told crypto.news.
He added that while the Federal Reserve is closely watched, other central banks, like the Bank of England and the Bank of Canada, are already cutting rates. If this trend continues, it could boost global liquidity, weaken fiat currencies, and make Bitcoin more attractive as a store of value.
You might also like: Bitcoin, Ethereum whales accumulate despite market-wide selloff Bitcoin ETFs as a potential catalyst for recovery In contrast, Jonathan Hargreaves, Global Head of Business Development & ESG at Elastos, maintained a more measured outlook. He pointed out that, although stronger macroeconomic factors and new ETF developments could support Bitcoin, September has often been a month of mixed signals, with alternating phases of growth and decline. As such, he expects September to start on a bearish note but hopes for a rebound in the final quarter.
Bing Wang, Head of Legal at BasedVC, suggested that this yearâs cycle could diverge from past patterns due to the ongoing inflow of capital into Bitcoin Spot ETFs and the anticipated Federal Reserve rate cut.
âIf institutional capital continues to flow into Bitcoin ETFs, BTC price could sustain above key support at $60,000,â Wang told crypto.news. Similarly, QCP Capital analysts indicated earlier that Bitcoin could be looking for support, but at a lower range, around $54,000, before any significant rebound might occur.
Wang also pointed to a drop in whale transactionsâlarge transfers over $100,000âsignifying that major holders are clasping onto their Bitcoin.
âThey are likely holding on to their BTC, which implies there is likelihood of gains in Bitcoin this September and beyond. However, large scale profit-taking could push BTC lower, so keep that in mind.â
Read more: Over $1b worth of Bitcoin left exchanges in 7 days Bitcoin btc -4.44% Bitcoin Read more about Bitcoin Cryptocurrency DeFi Follow Us on Google News Load More Related News
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$BTC The price of Bitcoin (BTC) is down roughly 14% since August 25th, 2024. Today, BTC continued its trend lower in overnight trading. How concerning is this Bitcoin (BTC) price drop? With the ongoing BTC price drop, concerns of another crypto crash are rising.
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Many are concerned about the ongoing BTC price drop.
We are not â because we saw it coming â interestingly, we documented that a BTC price drop would occur in the seasonally weak period Sept/Oct even on our public blog in our BTC price drop prediction. #CryptoMarketMoves #Deepnews #NewsAboutCrypto
Hackers compromised Donald Trumpâs daughter-in-law and daughterâs X accounts on Tuesday to promote a token allegedly connected to World Liberty Financial, a crypto project that Trumpâs family members have recently endorsed.
Cybercriminals gained access to Republican National Committee co-chair Lara Trumpâs X account. They also compromised an account belonging to Tiffany Trump, the former presidentâs younger daughter.
Donal$d Trumpâs son, Eric Trump, promptly labeled the posts a hoax.
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