CryptoBuzzPosts 🐝

Arbitrum, ApeCoin in focus ahead of big token unlocks 🐝 ~ ~ Arbitrum and ApeCoin are set to have significant token unlocks, drawing attention this week. Arbitrum will release 93.2 million tokens on September 16, increasing its circulating supply to over 3.52 billion, amidst challenges such as a drop in active addresses and transaction counts. ApeCoin will unlock 15.38 million tokens on September 17, bringing its total circulation to 620 million. Token unlocks typically dilute existing holders and affect staking yields. Both cryptocurrencies may also respond to the Federal Reserve’s anticipated interest rate cut, which could positively impact risk assets amid easing inflation and rising unemployment. @CryptoBuzzPosts 🐝 ~ ~

Is Ethereum Price $4K Rally at Risk Amid Pectra Upgrade Division Talks? 🐝 ~ ~ Ethereum’s price fell 0.21% to $2411 over the weekend, largely due to market uncertainty regarding a potential split in the upcoming Pectra upgrade, aimed at enhancing scalability, security, and efficiency. Christine Kim from Galaxy Digital indicates that splitting the 20 Ethereum Improvement Proposals (EIPs) could significantly alter the upgrade’s landscape. Initial phases may launch by February 2025, focusing on the network’s core layers, while the second phase will optimize the Ethereum Virtual Machine. Despite recent sell-offs, Ethereum shows potential for a bullish rally towards resistance levels of $2,800 and targets up to $4,100, amid rising demand. @CryptoBuzzPosts 🐝 ~ ~

Bitcoin's Potential Surge to $92,000 Analyzed by Experts Click to see more

After Brazil’s Solana ETF approval, will U.S. follow suit? Experts say… 🐝 ~ ~ An analyst suggests the U.S. might approve Solana (SOL) ETFs by the end of 2024, a shift from earlier predictions of early 2025 contingent on a potential Trump victory. Dave Manthan, a former Ripple executive, believes Brazil’s lead in SOL ETFs could influence U.S. approval. However, mixed opinions exist; Mathew Sigel from VanEck warns that approval may only come under a new administration or regulations, projecting a March 2025 deadline. Current sentiment is tepid, with Polymarket data indicating low confidence in SOL ETF approval by year-end, as the SEC’s stance on SOL remains unclear. @CryptoBuzzPosts 🐝 ~ ~

Blockchain gaming sets new record with 4.2 million daily active users in August 🐝 ~ ~ Blockchain gaming has reached 4.2 million daily active users in August, a 5% increase, as reported by DappRadar. Despite a decline to second place in the crypto sector amid an AI surge, Ronin remained the top network, with 1.32 million unique active wallets (UAW), boosted by games like Pixels and Forgotten Runiverse. opBNB followed with 688,000 UAW, driven by “SERAPH: In the Darkness.” KGeN led as the top gaming application with 2.3 million UAW. The sector attracted nearly $580 million in VC funding in 2024, just shy of last year’s total of $664 million. игровaя платформа. @CryptoBuzzPosts 🐝 ~ ~

Binance Market Update (2024-09-15) Click to see more

We need to stop pretending that airdrops work 🐝 ~ ~ The traditional methods of incentivization in the crypto space, such as airdrops and developer grant programs, are becoming ineffective. Initially popularized by projects like Uniswap, airdrops have led to issues like “airdrop farming,” where users exploit token distributions without genuine engagement, ultimately harming long-term project loyalty and token value. Similarly, grant programs struggle to build sustainable developer communities as many chase short-term funding across multiple platforms. Experts suggest that to foster real growth, blockchain projects must shift to value-driven models that reward ongoing contributions, moving beyond quick financial gains to cultivate stability and trust within the ecosystem. @CryptoBuzzPosts 🐝 ~ ~

Trust Wallet CEO Eowyn Chen on Future of Crypto Custody 🐝 ~ ~ Eowyn Chen, CEO of Trust Wallet, has emerged as a key figure in the crypto industry, previously joining Binance and leading Trust Wallet since 2022. In a recent interview, she highlighted significant challenges in the wallet sector, particularly profitability. Chen envisions future wallets as “Amazon Web3,” integrating seamlessly within dApps. Her name, inspired by Tolkien’s character Eowyn from “Lord of the Rings,” symbolizes her dedication to integrity and building a lasting legacy. Trust Wallet focuses on enhancing user experience through smart contract integration while confronting scalability issues and shifting towards a retention-centric model in a competitive multi-chain environment. @CryptoBuzzPosts 🐝 ~ ~

Outlook for Next Week: Federal Reserve Leads "Super Central Bank Week" as Powell Holds Monetary Policy Press Conference Click to see more

Here Are Today’s ‘X Empire’ Elon Musk Game Daily Combo and Riddle 🐝 ~ ~ On September 14, the X Empire stock exchange, an Elon Musk-themed Telegram tap-to-earn crypto game, offered a daily combo of stocks: Artificial Intelligence, Electric Vehicle Manufacturers, and Space Companies. Players can earn in-game cash by betting on these fictional stocks, which rotate daily at 5 AM ET. The game allows users to tap a cartoon version of Musk for earnings, and it plans to launch a token on The Open Network with an airdrop reward. Additionally, players can participate in a daily riddle for cash rewards. Today’s riddle solution is “Exchange.” @CryptoBuzzPosts 🐝 ~ ~

Ethereum (ETH) Price Prediction for September 14 🐝 ~ ~ Ethereum (ETH) has increased by 2.20% over the past 24 hours, trading at $2,418. Buyers are attempting to maintain momentum after a false breakout at the local support level of $2,411. If the daily close is significantly away from this level, further growth may reach resistance around $2,500-$2,600. However, on a midterm basis, buyers might lack the strength to sustain upward movement, leading to potential consolidation between $2,300 and $2,600. Traders should watch the key level of $2,466 for a breakout, which could indicate continued upward momentum into the next week. @CryptoBuzzPosts 🐝 ~ ~

3-Year Cup-And-Handle Pattern Promises To Send Bitcoin Above $100,000 🐝 ~ ~ Crypto analyst Jelle has pointed out a bullish 3-year cup and handle pattern on Bitcoin’s chart, predicting a potential price surge to $100,000 or above, possibly by the fourth quarter of this year. Other analysts echo this optimism, noting historical bullish trends in Bitcoin during election aftermaths and the last quarter of halving years. Predictions vary, with Bernstein suggesting $90,000 if Donald Trump wins the election, while Standard Chartered anticipates $150,000. A bull pennant and a Golden Cross on the charts indicate possible rallies. Currently, Bitcoin is trading around $59,900, showing a 2% increase in the last 24 hours. @CryptoBuzzPosts 🐝 ~ ~

Trump bet on World LibertyFi is full of red flags: report 🐝 ~ ~ Donald Trump and his sons are set to launch a new cryptocurrency project, World Liberty Financial, on September 16. Trump claims it will surpass outdated banks and is anticipated by Polymarket participants ahead of the November election. However, analysts express concerns, including the involvement of Chase Herro, whose previous project faced severe issues. Additionally, 70% of the tokens are reserved for insiders, raising risks of price vulnerability and regulatory scrutiny from the SEC. Critics question the timing of this venture amid Trump’s campaign and mounting legal debts, as he also markets various products, including NFTs and signed memorabilia. @CryptoBuzzPosts 🐝 ~ ~

Crypto Market Awaits FOMC & Powell’s Speech Amid US Fed’s 0.5% Rate Cut Bets 🐝 ~ ~ The crypto market is entering a pivotal week with heightened expectations for a 50 bps rate cut by the US Federal Reserve, following a cooling in inflation figures. The upcoming FOMC meeting and Fed Chair Jerome Powell’s speech are highly anticipated, as they will influence market sentiment and potential policy direction. Currently, there’s a 50% chance of the rate cut, which has already sparked optimism, causing Bitcoin to rise above $60K. Though September is typically bearish for crypto, experts predict that easing policies and a potentially bullish fourth quarter could lead to market recovery and rallies. @CryptoBuzzPosts 🐝 ~ ~

Donald Trump’s crypto-pivot – +1M in ETH, +7M in NFT licensing deal 🐝 ~ ~ Former President Donald Trump has shifted his stance on cryptocurrencies, now revealing over $1 million in crypto holdings in his financial disclosures, which have been valued up to $3.5 million by Arkham Intelligence. This marks a significant change from his previous claims that cryptocurrencies were a scam. Trump’s pro-crypto pivot appears politically motivated, aiming to attract single-issue voters who are critical of the Democratic stance on crypto under Vice President Kamala Harris. Additionally, Trump has earned millions through NFT deals, seeking support from wealthy crypto advocates for his re-election campaign. @CryptoBuzzPosts 🐝 ~ ~

Catizen Announces CATI Tokenomics: 34% of Total Supply Allocated for Airdrop Click to see more

Grayscale Bitcoin Trust Sees Lowest Weekly Outflows in Three Months Click to see more

Circle CEO claims US is on the path to becoming the “decisive leader” in crypto 🐝 ~ ~ Jeremy Allaire, CEO of Circle, announced the company’s relocation from Boston to New York’s 1 World Trade Center, emphasizing the U.S. as a “decisive leader” in cryptocurrency innovation. He dismissed claims of governmental hostility towards the crypto sector, asserting that New York offers unparalleled talent and a supportive regulatory environment. Circle will be joining numerous crypto firms in the city while awaiting SEC approval for its IPO. Allaire anticipates that 2025 will mark the mainstream emergence of stablecoins. The new headquarters will serve as a collaborative space for stakeholders, reflecting Circle’s commitment to decentralized financial systems. @CryptoBuzzPosts 🐝 ~ ~

The interest rate decision countdown is on 🐝 ~ ~ The On the Margin newsletter by Ben Strack and Casey Wagner discusses key financial updates, including anticipation for next week’s Federal Reserve interest rate decision, with a 45% probability of a 50-basis point cut. They analyze recent economic data, noting increased jobless claims and labor market concerns. The performance of Bitcoin ETFs, launched eight months ago, shows $17 billion inflow but recent outflows totaling $1.2 billion. Meanwhile, XRP experiences minor gains after Grayscale’s new trust announcement. The newsletter highlights ongoing market uncertainty amid the upcoming Fed meeting, alongside related news in cryptocurrencies and finance. @CryptoBuzzPosts 🐝 ~ ~

Movement: Multi-Chain Layer 2 Targets Korea 🐝 ~ ~ Movement Labs, a startup founded by Vanderbilt alumni Rushi Manche and Cooper Scanlon, raised $38 million in Series A funding for its innovative Layer 2 blockchain, Movement. While the mainnet is not yet live, it has drawn attention due to its use of the Move programming language, its positioning in the popular Layer 2 sector, and its goal to facilitate multi-chain asset transfers. With a public testnet launched and impressive transaction speeds, Movement aims to serve the stablecoin and gaming markets. The founders highlight the importance of clear regulations and express interest in expanding their global community, particularly in Asia. @CryptoBuzzPosts 🐝 ~ ~