CryptoBuzz Posts

Binance Listing Triggers Over 20% Gains In This P2E Token 🐝 ~ ~ Binance has boosted the League of Kingdoms Arena (LOKA) P2E crypto project’s market sentiment by announcing futures trading support, leading to a nearly 20% price surge for LOKA. Following the announcement, trading volume increased by 155%. Binance introduced the LOKAUSDT perpetual contract with features like up to 75x leverage and a funding rate capped at ±2.00%. The contract may undergo changes due to market conditions. LOKA is a blockchain-based MMO strategy game, allowing players to earn through in-game participation. The futures trading announcement parallels price increases seen in other tokens, validating LOKA’s gains. @CryptoBuzzPosts 🐝 ~ ~

Ethereum price surge lifts Lido TVL by 10% despite 26k ETH withdrawals 🐝 ~ ~ Lido Finance’s total value locked (TVL) rose by 10.83% to $25.18 billion, driven by an increase in Ethereum’s token price. However, 26,528 ETH was unstaked, indicating some users withdrew assets. The seven-day APR for staked Ether (stETH) climbed to 3.17% amid heightened Ethereum network activity, boosting staking rewards. Trading volume for stETH and wrapped stETH (wstETH) surged 27.49% to $920.29 million, reflecting increased liquidity. Bridged wstETH saw a 2.04% decline, particularly on BNB Chain (-31.46%). Stability remained in lending and restaking protocols, while liquidity pools dropped by 22.22%, highlighting shifting user strategies in DeFi. @CryptoBuzzPosts 🐝 ~ ~

Binance Market Update (2024-09-24) Click to see more

Coinbase, SEC present case to appeals court in petition for rulemaking case 🐝 ~ ~ Coinbase is challenging the SEC in the US Court of Appeals after its rulemaking petition was rejected. Coinbase claims the SEC has not provided clear guidelines for the cryptocurrency sector, despite urging firms to register. Chief Legal Officer Paul Grewal criticized the SEC for an arbitrary enforcement approach, arguing that existing regulations inadequately address digital assets. The SEC countered that its rules apply to all securities, including digital tokens. This legal battle is separate from ongoing litigation where the SEC accused Coinbase of operating as an unregistered broker and exchange, listing 13 cryptocurrencies as securities. @CryptoBuzzPosts 🐝 ~ ~

Why Hamster Kombat Banned 2.3 Million Users Ahead of Airdrop? 🐝 ~ ~ Hamster Kombat has banned 2.3 million users for cheating as it prepares for the HMSTR token airdrop, a move affecting 43% of its player base. The disruptions stem from various cheating tactics, leading to the confiscation of 6.8 billion HMSTR tokens, half of which will be burned, while the remainder will reward honest players. The recent crackdown has faced backlash, with disqualified players expressing frustration over changing eligibility criteria. Critics allege the platform favors YouTubers and influencers for airdrop allocations. Controversies have plagued Hamster Kombat, including delayed airdrop dates and operational challenges since its launch. @CryptoBuzzPosts 🐝 ~ ~

Bitcoin Options Market Points to Feedback Loop of Higher Prices, Expert Says 🐝 ~ ~ Traders looking to predict Bitcoin’s next price movement should focus on the options market, as it shows signs of “reflexivity season,” according to Nick Forster of Derive. This concept suggests that traders’ actions influence asset prices and vice versa, creating feedback loops. The 30-day call/put skew indicates increasing bets on Bitcoin’s upside, with many speculating a price between $80,000 and $90,000 by November due to upcoming political and economic events. With the recent approval of Bitcoin ETF options by the SEC, interest in options trading is expected to grow, though current volatility yields still indicate strong demand for upward price momentum. @CryptoBuzzPosts 🐝 ~ ~

Ripple’s Chris Larsen Unnerves XRP Community with Latest Transfers 🐝 ~ ~ Ripple co-founder Chris Larsen perplexed the XRP community with recent transfers of 3 million XRP to Binance and 15 million to a Bittrex-activated wallet. Speculations in the community range from serious to whimsical, with some jokingly suggesting he might be looking to buy another luxury car. Known for his lavish lifestyle, Larsen previously caught attention with his Porsche 918 Spyder. Apart from his automotive interests, he is an active political donor in San Francisco and recently led a funding round for the decentralized network Yellow. Despite recent market fluctuations, Larsen’s net worth remains at an estimated $3.2 billion. @CryptoBuzzPosts 🐝 ~ ~

Bitcoin Set for Major Bull Run? These 3 On-Chain Metrics Signal A Turning Point 🐝 ~ ~ Samuel Edyme, also known as HIM-buktu, is a versatile web3 content writer and aspiring trader with a vibrant career. His journey into cryptocurrency began with a Ponzi scheme, which fueled his determination to explore the market seriously for over three years. Once a reckless investor, Edyme has since navigated major events like the FTX collapse, gaining valuable insights. When not writing, he’s backtesting trading strategies or hitting the gym while listening to NF. An introvert at heart, Edyme embraces a philosophy of continuous improvement and embodies resilience, seeking to grow and challenge norms in the digital world. @CryptoBuzzPosts 🐝 ~ ~

Spot Gold Surpasses $2640 Per Ounce, Reaches New All-Time High Click to see more

SUI price prediction | Is SUI a good investment? 🐝 ~ ~ The SUI token, associated with the Sui blockchain developed by Mysten Labs, has surged approximately 50% in the past month, trading at $1.55 as of September 23, 2024. Initially part of Meta’s Diem project, Sui aims to provide fast transaction finality and scalability through its delegated proof-of-stake mechanism. Predictions suggest a bullish outlook, with estimates for SUI’s price ranging from $1.525 to $7.21 in 2024, potentially reaching an all-time high of $5. By 2030, projections indicate values could soar between $10.37 and $12.93. Despite its promise, investors are advised to approach with caution due to cryptocurrency volatility. @CryptoBuzzPosts 🐝 ~ ~

Ethereum Spot ETFs Experience Significant Net Outflows Click to see more

Senator Cynthia Lummis, McHenry Push US SEC To Revoke SAB 121 🐝 ~ ~ Senator Cynthia Lummis and House Financial Services Committee Chairman Patrick McHenry have urged the SEC to withdraw Staff Accounting Bulletin 121 (SAB 121), arguing it burdens crypto custodians by requiring them to list customer assets as liabilities. A bipartisan letter signed by 13 senators and 29 representatives criticized the bulletin for overstating custodians’ legal obligations, potentially increasing consumer risk. They also noted the SEC’s inadequate consultation before implementing the rule and accused the SEC of selectively exempting some industry players. The call for withdrawal coincides with upcoming SEC hearings, where Chair Gary Gensler will face scrutiny over cryptocurrency regulation. @CryptoBuzzPosts 🐝 ~ ~

Crypto Fear and Greed Index Rises to 54 Indicating Neutral Market Sentiment Click to see more

AI tokens lead weekly gains after Fed’s interest rate cut 🐝 ~ ~ AI tokens have emerged as the top performers in the cryptocurrency market, boasting a 37% average return over the past week, significantly outpacing the overall market’s 15.9% gain. This surge is led by Bittensor (TAO), which jumped 86.2%. Notably, 11 AI tokens saw gains exceeding 20%, with Artificial Superintelligence Alliance (ASI) and Render (RENDER) rising 31% and 30.3%, respectively. Other sectors like data services and real-world assets also performed well, each gaining around 22.5%. Meanwhile, memecoins underperformed with an 11.1% average gain, highlighting a shift in market focus towards concentrated liquidity in larger-cap altcoins. @CryptoBuzzPosts 🐝 ~ ~

These 3 questions remain after Solana Breakpoint 🐝 ~ ~ The recent Solana Breakpoint conference unveiled significant developments including the new Solana Mobile phone, Firedancer’s testnet, and Jupiter’s mobile app. Despite numerous announcements, discussions around memecoins were notably minimal, raising questions about their ongoing relevance in Solana’s ecosystem. Institutional interest grew with commitments from Franklin Templeton and Citi, amid concerns about Solana’s regulatory issues with the SEC. Additionally, the much-anticipated Firedancer validator client is now on testnet, though some critics argue its impact might be overstated. Overall, the conference highlighted Solana’s evolving landscape, leaving key questions about its future direction. @CryptoBuzzPosts 🐝 ~ ~

Telegram Will Share User Data With Authorities in Crime Crackdown After CEO Arrest 🐝 ~ ~ Telegram CEO Pavel Durov announced that the messaging platform will now share user details with authorities regarding rule violations, following his recent arrest in France over concerns about illicit activities on the app. Durov stated Telegram updated its terms of service to block searches for illegal goods and activities and will disclose IP addresses and phone numbers to authorities upon valid requests. The platform is employing AI to enhance safety in its search feature, which is intended for connecting with friends and accessing news. Meanwhile, Telegram is gaining traction in the crypto space with its blockchain initiative, TON. @CryptoBuzzPosts 🐝 ~ ~

Crypto News Digest by U.Today 🐝 ~ ~ U.Today provides a weekend update on significant cryptocurrency news. On September 21, the Shiba Inu (SHIB) community noted a concerning burn rate anomaly, with no tokens burned initially, raising questions about the ShibTorch portal’s efficacy. However, later that day, the burn rate surged 547%. Additionally, a dormant Bitcoin wallet was activated after 13 years, containing 59 BTC worth approximately $3.8 million, coinciding with a temporary Bitcoin price spike. Lastly, the SEC approved BlackRock’s Bitcoin options, which may enhance institutional adoption, according to experts, though they warned that future returns could be lower than in the past. @CryptoBuzzPosts 🐝 ~ ~

Bitcoin to Outshine Gold by 400% by 2025, Analyst Predicts 🐝 ~ ~ Analyst Peter Brandt predicts Bitcoin’s price may surge 400% compared to gold by 2025, potentially reaching the equivalent of 123 ounces of gold. Bitcoin is expected to rise by 65% in the next three months and nearly 100% in six months, driven by increasing institutional adoption and various use cases in decentralized finance (DeFi). The anticipated rise in gold prices could also benefit Bitcoin, positioning it as a viable alternative store of value. Investors should monitor Bitcoin closely as its potential to outperform gold grows amid evolving market conditions and economic trends. @CryptoBuzzPosts 🐝 ~ ~

INX and Backed expand tokenized stock offerings on Polygon 🐝 ~ ~ INX and Backed have expanded their tokenized stock trading services with new listings on the Polygon blockchain for non-U.S. investors, including Tesla (bTSLA), Microsoft (bMSFT), Google (bGOOGL), and GameStop (bGME). Each token is backed one-to-one by its real-world counterpart. INX will soon launch its first tokenized ETF, the S&P 500 ETF (bCSPX), along with tokenized Apple (bAAPL) and BlackRock’s iShares Treasury (bIB01) ETF. This expansion aims to enhance access to real-world asset tokens through blockchain technology, enabling 24/7 trading and fractional ownership, as emphasized by CEO Shy Datika. @CryptoBuzzPosts 🐝 ~ ~

BNB Surpasses 600 USDT with a 3.29% Increase in 24 Hours Click to see more