Hong Kong Digital Asset Xchange Withdraws License Application AI Brief According to Foresight News, the Hong Kong Securities and Futures Commission (SFC) announced that Hong Kong Digital Asset Xchange Limited (HKDAX) has withdrawn its application for a virtual asset trading platform license. The application was initially submitted on August 27, 2024. So far, the total number of withdrawn and returned applications for virtual asset trading platform licenses disclosed by the SFC is 13, with one application being returned. #BecomeCreator
Whale Alert: 1.3 Trillion Shiba Inus Moved to Exchanges in One Day, Price Reacts with Drop Shiba Inu ($SHIB ) is experiencing a decline today, likely due to a significant liquidation as a massive amount of the token has been transferred to exchanges in the past 24 hours. On October 7, market participants, including large holders known as âwhales,â sent 1.3 trillion SHIB tokens to centralized exchanges, presumably for liquidation. This trend follows the previous day, when 789 billion SHIB were also sent to exchanges.
Hong Kong Digital Asset Xchange Withdraws License Application AI Brief According to Foresight News, the Hong Kong Securities and Futures Commission (SFC) announced that Hong Kong Digital Asset Xchange Limited (HKDAX) has withdrawn its application for a virtual asset trading platform license. The application was initially submitted on August 27, 2024. So far, the total number of withdrawn and returned applications for virtual asset trading platform licenses disclosed by the SFC is 13, with one application being returned.#BecomeCreator $BTC
Ethereum (ETH) Drops Below 2,400 USDT With 1.99% Drop in 24 Hours As of October 09, 2024, 8:49 PM(UTC). According to Binance Market Data, Ethereum has dropped below 2,400 USDT and is now trading at 2,395.280029 USDT, down 1.99% in 24 hours. #BecomeCreator
JasmyCoin Poised for Major Breakout, Analyst Predicts Massive Upside Potential JasmyCoin is consolidating at $$ 0.0169, with potential to break resistance and reach $$ 0.2785, up over 1,300%. The RSI indicates bullish momentum for JasmyCoin, supported by a cup and handle pattern for potential upside. JasmyCoinâs 50-period MA below the 200-period MA signals near-term downside risks despite a possible recovery. According to crypto analyst JavonTM1, JasmyCoin ($JASMY) is nearing a price rally, with technical indicators lining up for a potential upside. The price recently broke out of a falling wedge pattern, and the Relative Strength Index (RSI) has also turned up, suggesting bullish momentum. JavonTM1 notes that these price movements could trigger a massive continuation towards the target of US$ 0.2785, which is currently over 1,300% above the current price#BecomeCreator
XRP to $900 with $50 TRILLION on Rippleâs XRP Ledger!? đ TRADE THIS $XRP Rippleâs $XRP Ledger (XRPL) is generating significant excitement due to a bold prediction from Graham Rodford, CEO of Archax Exchange, who speculates that XRP could potentially reach a price of $900 by 2025. This ambitious prediction is driven by the belief that XRPL could see as much as $50 trillion in trading volume as tokenization and blockchain adoption accelerates in the financial sector. Rodford foresees a future where large-scale financial markets flock to XRPL, creating a huge opportunity for $XRP as a digital asset. However, this projection is highly speculative, and reaching such a price would require XRP to rally over 180,000% from its current levels. As exciting as these predictions are, the volatile nature of the cryptocurrency market means that investors should approach such forecasts with caution. Can XRP really hit $900?! Letâs discuss! #BecomeCreator $BTC
LATEST XRP NEWS! đš SEC Shocks Everyone! Is the US Government Selling?!
The SECâs ongoing legal challenges with Ripple ($XRP) have created a lot of uncertainty in the crypto space. Recently, the US government got involved in the regulatory process, and this has raised concerns in the $XRP community about the potential impacts on its price. The US government, together with the SEC, is fighting a long-running legal battle over the status of XRP as a security. Meanwhile, BlackRock and other major players are pursuing strategic opportunities in the crypto space, which could change the market dynamics.#BecomeCreator $BTC
XRP Triumphs in Legal Battle Against SEC: A Victory for Innovation and Decentralizationđš In a monumental decision that could reshape the future of cryptocurrency regulation, XRP has won a crucial battle in its ongoing legal war with the U.S. Securities and Exchange Commission (SEC). The lawsuit, which began in 2020, saw the SEC charge Ripple, the company behind XRP, with conducting an unregistered securities offering. The crux of the case was whether XRP should be classified as a security, which would subject it to strict regulatory oversight.#BecomeCreator
DApp Activity Surges in Q3 2024, Driven by AI Applications AI in Brief According to Odaily, a report by DappRadar on October 8 revealed that blockchain activity experienced significant growth in Q3 2024, driven primarily by AI applications. The number of daily unique active wallets (UAW) reached a record high of 17.2 million, marking a 70% increase from the previous quarter. This increase is largely attributed to the performance of AI-related DApps, which saw a 71% increase in daily visits, with UAWs reaching nearly 4.3 million. During this period, activity in DeFi applications saw a decline, with the total value locked (TVL) falling from $0.207270.6692.168 billion to $0.207270.6692.160 billion. Ethereumâs TVL decreased by 20% to $0207270669295 billion. In contrast, other Layer 1 blockchains such as Sui and Aptos performed exceptionally well, achieving growth rates of 78%, with TVLs of $020727066921.6 billion and $020727066921.3 billion, respectively. 7106546518845744358370 46113951237
XRP News: Ripple Burns 470 Million RLUSD Stablecoins Amid Beta Testing of Project#BecomeCreator " data-hashtag="#BecomeCreator" class="tag">#BecomeCreator The post XRP News: Ripple burns 470 million RLUSD stablecoins amid beta testing project appeared first on Coinpedia Fintech News Ripple recently conducted multiple burns of its Ripple USD (RLUSD) stablecoin after minting nearly 50 million RLUSD over the past week. This series of burns comes amid Rippleâs warnings to the community about scammers attempting to exploit the project while it is still in beta. Ripple remains focused on keeping the launch safe while it continues testing its new stablecoin initiative.
Did you know?#BecomeCreator " data-hashtag="#BecomeCreator" class="tag">#BecomeCreator It took me 1 year in the cryptocurrency market to realize these lessons, but you only need 2 minutes to understand them: đ€ 1. The Truth About Bitcoin: No matter how the market fluctuates, one fact remains: 8% of people will control the 21 million Bitcoin supply. Let that sink in. 2. Skills over charts: Mastering financial, capital and risk management is 100x more important than any technical analysis or in-depth crypto research. Why? Because without risk management, no strategy will save you.
Conclusion ETH, SOL, FTT, and APT show less potential for short-term gains. Investors looking for better opportunities should consider CYBRO. This DeFi platform uses AI to increase earnings on the Blast blockchain. It offers benefits such as staking rewards, airdrops, and cashback. The platform prioritizes easy deposits and withdrawals. CYBRO stands out for its transparency and compliance, attracting the attention of major investors and crypto influencers. Investors may see CYBRO as a promising project to maximize their potential earnings.#BecomeCreator $BTC
Aptos: Ushering in a New Era of Scalable Blockchain Technology Aptos is gaining attention in the blockchain world. It is designed to be scalable and reliable, aiming to solve problems such as high fees and congestion in other blockchains. Developed by contributors to Metaâs Diem project, Aptos uses the Proof-of-Stake mechanism, making it more energy efficient. Aptos uses the Move programming language, making it secure and flexible. It supports many Web3 applications. Some have called it the âSolana Killer,â suggesting its potential to be a strong contender in the space. Aptos is seen as a promising technology in the blockchain space due to these characteristics.#BecomeCreator $BNB $
FTT: Exploring the Potential of a Resilient Crypto Token FTT is the cryptocurrency token of the FTX trading platform. FTX launched in 2019 to address issues with cryptocurrency exchanges. It offers features such as clawback prevention and a universal margin wallet. FTT allows users to enjoy benefits such as discounted trading fees and leveraged trading. By regularly purchasing and burning tokens, FTT aims to maintain its value. Despite past challenges, FTXâs backing by notable companies and unique offerings make FTT appealing. Traders use FTT as collateral, and staking it provides benefits such as discounts and access to events. FTT continues to be a versatile and functional token for crypto traders.#BecomeCreator $ETH
Solana: Exploring the Potential of High-Throughput Blockchain Technology Solana is gaining momentum in the blockchain world with its focus on scalability. The platform is designed to support decentralized applications, competing with others like Ethereum and Cardano. Solana stands out by offering faster transactions without the use of sharding or second-layer solutions. It uses its own currency, SOL, which is essential to its ecosystem, enabling transactions and rewarding participants. Developers and investors are attracted to Solanaâs vision of handling high activity and versatile projects. This approach provides a foundation for running multiple programming languages ââand supporting custom programs. Solanaâs system is built to appeal to both developers and users looking for a high-throughput blockchain platform.#BecomeCreator $SOL
Ethereumâs Role in the Upcoming Bull Market and Altcoin Season Ethereum has emerged as one of the leading blockchains with its transition to Proof-of-Stake. It supports smart contracts and a variety of decentralized applications, including financial tools. Ethereumâs Layer 2 solutions, such as Arbitrum and Polygon, improve the way transactions are processed. ERC-20 tokens are widely used on this network for a variety of purposes, although ETH is still required to pay fees. The Merge marked a significant shift, moving the network to the new model, while planned sharding will help with scalability and costs. Etherâs utility in transactions, staking, and trading solidifies its position in the crypto ecosystem, continuing to attract interest as attention turns to the potential for altcoin seasons#BecomeCreator $ETH
XRP Bulls Take Charge, Will Price Reach $0.65? The post XRP Bulls Take Charge, Will Price Reach $0.65? appeared first on Coinpedia Fintech News Despite the price consolidating within a tight range at a support level, it seems that XRP bulls are back in the market as its trading volume is surging. On October 7, 2024, most major cryptocurrencies experienced a notable price surge, but the price of XRP has remained flat over the past 24 hours. XRP Current Price Momentum XRP is currently trading near $0.538 and has seen a modest price increase of 0.75% over the past 24 hours. During the same period, its trading volume has surged by 90%, suggesting strong participation from investors and traders, which is a positive sign for XRP holders. XRP Technical Analysis and Upcoming Levels According to technical analysis by experts, XRP looks bullish but has been stuck in a consolidation zone between $0.512 and $0.545 for the past five trading days. Based on recent performance, whenever the price of XRP reaches this level, it tends to experience a 20% rally. Source: Trading View However, if XRP breaks out of this consolidation zone and closes a daily candle above the $0.55 level, there is a strong possibility that it will rally by 20% and reach the $0.65 level in the coming days. This bullish outlook is further supported by XRPâs Relative Strength Index (RSI), which is currently in an oversold territory, signaling a potential bullish price reversal in the coming days. However, it is still trading below the 200 Exponential Moving Average (EMA) on the daily timeframe, indicating a bearish trend.#BecomeCreator $BTC
IF YOU HAVE 25,000,000 SHIB, YOU SHOULD SEE THIS! Shiba Inu Coin News Today â SHIBA Price Prediction đ„ Buy More $SHIB Shiba Inu coin ($SHIB) price predictions for the remainder of 2024 suggest that the cryptocurrency may see some fluctuations but remains poised for growth. For October 2024, SHIB is expected to range between a low of $ 0.0000176 and a high of $ 0.0000373, depending on market conditions and investor sentiment. Analysts are predicting a possible bull run if market momentum remains strong If you have 25,000,000 SHIB, this could be an interesting time to monitor the market closely. However, keep in mind that meme coins like $SHIB are highly volatile, and their value can fluctuate rapidly, often in response to broader market trends. For a longer-term outlook, predictions for 2025 predict potential highs of around $$ 0.0000271, driven by factors such as the Bitcoin halving and developments within the Shiba Inu ecosystem, such as Shibarium and ShibaSwap. If SHIB follows this trajectory, its 25,000,000 SHIB could grow significantly in value. Stay informed and keep an eye out for major updates, especially potential token burns and partnerships!#SHIBAâ đ