CryptoBuzz Posts

3 Must Know Hamster Kombat Tricks To Boost Diamond Count In Interlude Season 🐝 ~ ~ Hamster Kombat, a popular Telegram game, has successfully completed its first season and is preparing for a significant HMSTR airdrop, distributing 60 billion tokens among 131 million users. The game has amassed 300 million players and will soon launch the HMSTR token on multiple exchanges, including Binance. Currently, the game is in an Interlude Season, a transitional period allowing players to earn diamonds through simple tasks instead of tapping to earn. Players can maximize their diamond rewards by playing native games, completing basic tasks, and upgrading cards. The Interlude Season sets the stage for an exciting Season 2 ahead. @CryptoBuzzPosts 🐝 ~ ~

Bitcoin finds support near active realized price level mirroring early 2021 bull run 🐝 ~ ~ Research by Checkmate and dpuellARK presents a refined evaluation of Bitcoin’s active realized price, enhancing insights into the cost basis of active market participants. By adjusting realized price metrics for lost and long-dormant supply, the study reveals clearer market valuation trends. Key observations from 2019-2024 show that the active realized price effectively acts as a support or resistance level, with Bitcoin’s price oscillating around it. Notable trends include overvaluation in 2021 during peak prices and undervaluation in 2022 during corrections. The active MVRV ratio further aids in identifying market tops and bottoms, reflecting investor sentiment and offering accumulation opportunities. @CryptoBuzzPosts 🐝 ~ ~

Former Alameda CEO Caroline Ellison sentenced to 24 months in prison 🐝 ~ ~ Former Alameda CEO Caroline Ellison has been sentenced to 24 months in prison for her involvement in the FTX collapse. Additionally, she will undergo three years of supervised release afterward. Despite her “remarkable” cooperation with prosecutors against FTX founder Sam Bankman-Fried, Judge Lewis Kaplan characterized her actions as part of an “outrageous fraud.” During the hearing, Ellison expressed her gratitude towards her family and supporters, while her attorneys emphasized that her decisions were influenced by her relationship with Bankman-Fried. She pleaded guilty to multiple fraud and conspiracy charges, testifying against Bankman-Fried, who received a 25-year sentence. @CryptoBuzzPosts 🐝 ~ ~

SEC Says 99% of TUSD Reserves Were Invested in Risky Fund 🐝 ~ ~ The SEC revealed that TrueCoin LLC and TrustToken Inc., creators of the TrueUSD (TUSD) stablecoin, mismanaged nearly all reserves by investing them in a risky offshore fund, leading to a settlement for fraudulent investment contracts. Their unregistered sales, misleadingly promoted as secure, diverted funds into high-risk investments, exposing investors to significant risks. In 2024, they agreed to pay civil penalties of $163,766 each and repay $340,930 along with interest. During a congressional hearing, SEC Chairman Gary Gensler faced criticism for regulatory overreach, highlighting divisions over the SEC’s crypto regulation strategy, amid record fines from the sector. @CryptoBuzzPosts 🐝 ~ ~

AI Can Best Google’s Bot Detection System, Swiss Researchers Find 🐝 ~ ~ Researchers at ETH Zurich have successfully cracked Google’s reCAPTCHA v2, a widely-used CAPTCHA system aimed at distinguishing humans from bots, using advanced machine learning techniques. They achieved a 100% success rate in solving the captchas with a number of attempts similar to humans. This breakthrough, published on Sept. 13, raises alarms about the effectiveness of image-based captchas, as bots become increasingly capable of bypassing these security measures. Experts warn that CAPTCHA technology may need to evolve rapidly to counteract AI advancements, or it risks becoming obsolete, potentially leading to significant issues for online services and advertisers. @CryptoBuzzPosts 🐝 ~ ~

Bitcoin (BTC) Golden Cross Coming, Ethereum (ETH) Reclaims Bullish Trend, Binance Coin (BNB) Breaks 65-Day Resistance 🐝 ~ ~ Bitcoin is nearing a golden cross, seen as a bullish sign with its 50-day moving average set to cross above the 200-day. Currently priced around $62,000, it must overcome a psychological barrier at $65,000 to rally further, needing renewed market enthusiasm. For Ethereum, which trades above the 50-day EMA at about $2,646, a potential pullback to $2,600 appears probable due to declining trading volume. Meanwhile, Binance Coin (BNB) has breached a 65-day resistance at $600 but struggles to maintain momentum, currently at $602, with subsequent support around $585 to sustain its bullish trend. @CryptoBuzzPosts 🐝 ~ ~

Bitcoin Price Targets Higher Levels: Can the Momentum Hold? 🐝 ~ ~ Bitcoin’s price is rising above $63,800, with potential gains if it breaks through the $64,750 resistance zone and $65,000. After initiating an increase from $62,500, BTC surpassed several resistance levels and hit a high of $64,770 before correcting. Currently, it remains above $63,800 and the 100-hourly moving average. If Bitcoin overcomes $65,000, it may test $65,500 and $66,800. Conversely, failure to breach $64,750 could lead to a decline, with immediate support near $63,750 and major support at $62,500. Technical indicators show bullish momentum in the MACD and an RSI above 50. @CryptoBuzzPosts 🐝 ~ ~

Ahead of today’s Congressional hearing on SEC oversight, Republicans urged Gensler to repeal SAB 121 🐝 ~ ~ More than 40 Republican lawmakers have urged the U.S. Securities and Exchange Commission (SEC) to repeal a controversial rule known as Staff Accounting Bulletin No. 121 (SAB 121), which affects banks dealing with cryptocurrencies. SAB 121, issued in April 2022, designates crypto custody as high-risk, requiring banks to report cryptocurrencies as liabilities on their balance sheets. Lawmakers, including House Financial Services Committee Chairman Patrick McHenry and Senator Cynthia Lummis, argue this rule hinders consumer protection and innovation by discouraging banks from providing crypto services. Previous repeal attempts were blocked by President Biden, but recent developments suggest potential easing of restrictions. @CryptoBuzzPosts 🐝 ~ ~

BlackRock Ethereum ETF Options Decision Postponed By US SEC 🐝 ~ ~ The SEC has delayed its decision on a proposal for Nasdaq ISE LLC to list options on the BlackRock-managed iShares Ethereum Trust, initially expected by September 26, now rescheduled for November 10, 2024. This extension allows the SEC further evaluation of the proposal, potentially opening new avenues in the Ethereum options market. Meanwhile, the spot Ethereum ETF market is seeing declines, with significant outflows, particularly from Grayscale’s ETHE, contrasting with the burgeoning interest in Bitcoin ETFs following the SEC’s recent approval of options for BlackRock’s Bitcoin ETF. @CryptoBuzzPosts 🐝 ~ ~

Polymarket sees surge in daily volume and users amid token launch speculation 🐝 ~ ~ Polymarket, a Polygon-based prediction market, saw a 57.5% surge in daily trading volume on September 23, driven by speculation about a potential token launch following a $50 million funding round. The platform recorded 12,468 active users that day, nearly reaching its all-time high. Monthly user counts are at a record 67,130, though trading volume is at $411.4 million, below August’s near $473 million. Most activity is tied to U.S. presidential elections, comprising 85.1% of the volume. Historically, election-related bets dominate Polymarket’s trading activity, indicating sustained interest in political outcomes. @CryptoBuzzPosts 🐝 ~ ~

Solana devs weigh proposal to juice validator revenue 🐝 ~ ~ Anza engineer Tao Zhu proposed a change to the Solana protocol in Solana Improvement Document (SIMD) 0172 to optimize block space usage by modifying the “compute budget” program. This program, which limits transaction computational resources to 200,000 compute units (CUs), is seen as inefficient. Zhu suggests gradually lowering this default to zero CUs over ten epochs, requiring users to request precise compute amounts and potentially allowing more transactions per block. However, some developers criticize the proposal, arguing it complicates the process and suggesting moving the compute budget to transaction headers instead. Concerns linger about the proposal’s implications for developers. @CryptoBuzzPosts 🐝 ~ ~

Solana, Google Cloud Push Web3 Gaming Frontier With GameShift 🐝 ~ ~ Google Cloud has partnered with Solana Labs to enhance Web3 gaming through the launch of GameShift, a suite of tools available on the Google Cloud Marketplace. Announced at Solana Breakpoint, GameShift enables traditional game developers to easily integrate Web3 features like NFTs and digital assets into their games. This collaboration signifies Google’s growing support for Web3 technology, complementing existing projects like the Blockchain Node Engine. Additionally, Solana is showcasing recent innovations, including new products at Token2049, while gaining traction among traditional finance institutions. Despite positive developments, Solana’s token, SOL, has seen modest gains recently. @CryptoBuzzPosts 🐝 ~ ~

S&P 500 Index Reaches New Intraday High Click to see more

Diddy Goes From ‘Freak-Offs’ to Sharing Jail Unit With Sam Bankman-Fried: NBC 🐝 ~ ~ Sean “Diddy” Combs and crypto mogul Sam Bankman-Fried are reportedly sharing a jail unit at the Metropolitan Detention Center in Brooklyn. Combs faces serious charges, including racketeering conspiracy and sex trafficking, for allegedly coercing women into participating in sex parties. A judge denied his $50 million bail request, and he remains imprisoned until his trial. Meanwhile, Bankman-Fried is serving a 25-year sentence for his role in the FTX collapse and faces ongoing legal challenges regarding his trial. The two high-profile inmates are currently housed in a barrack-style space designed for 18-20 inmates. @CryptoBuzzPosts 🐝 ~ ~

CEO Teng Reveals Jaw-Dropping All-Time High 🐝 ~ ~ Binance has achieved a remarkable milestone, with CEO Richard Teng announcing total trading volume surpassing $100 trillion. This achievement places Binance well ahead of major financial benchmarks, such as the S&P 500’s market capitalization, solidifying its dominance in the crypto market. Founded in 2017 by Changpeng Zhao, Binance rapidly grew through its user-friendly platform and effective capital utilization. Despite facing challenges like a major hack, regulatory scrutiny, and the arrest of its founder, Binance continues to thrive, currently averaging $13 billion in trading volume—eight times more than its nearest competitor. @CryptoBuzzPosts 🐝 ~ ~

Ethereum(ETH) Drops Below 2,600 USDT with a 2.61% Decrease in 24 Hours Click to see more

Bitcoin(BTC) Drops Below 63,000 USDT with a 0.98% Decrease in 24 Hours Click to see more

Dogecoin Parabolic Rally To Trigger 5,500% Surge To $6, Here’s When 🐝 ~ ~ A crypto analyst predicts Dogecoin (DOGE) may soon rally to unprecedented highs, potentially surpassing $1 and reaching $2, a 1,760% increase, following a completed accumulation phase. The analyst, TradingShot, highlights a bullish trend signified by a crossing of moving averages, indicating readiness for a parabolic rally reminiscent of Dogecoin’s 2021 surge. In an optimistic scenario, DOGE could even rise to $6, dependent on new developments or adoption. This forecast suggests a peak around August 2025, marking an exciting potential for DOGE investors with just 11 months to await these projected advancements. @CryptoBuzzPosts 🐝 ~ ~

BlackRock IBIT Sees $6 Million Pre-Market Trading Volume Click to see more

Bitcoin set for potential breakout this week 🐝 ~ ~ Bitcoin may be poised for a new all-time high if it breaks out of its reaccumulation phase, according to trader Rekt Capital. Historically, Bitcoin exits this phase 154 to 161 days after a halving event, with the latest halving occurring 157 days ago. In previous cycles (2016 and 2020), Bitcoin broke out after similar timelines. Despite September usually being a bearish month, Bitcoin has risen 9.8% this September, marking its best performance in over a decade. Institutional interest, particularly from Bitcoin ETF issuers, is expected to further drive demand and tighten supply, potentially boosting prices. @CryptoBuzzPosts 🐝 ~ ~