CryptoBuzzPosts 🐝

US Merchants Can Now Buy, Sell, and Store Crypto on PayPal 🐝 ~ ~ PayPal has expanded its crypto services to allow US business accounts to buy, sell, and store cryptocurrencies, a move aimed at enhancing digital asset management for both companies and consumers. Announced on September 25, this feature enables US merchants to engage with cryptocurrencies directly, although it won’t be available in New York initially. Business owners have expressed interest in these capabilities, which simplify crypto transactions. PayPal previously launched crypto services for personal accounts in 2020 and introduced the US dollar-backed stablecoin PYUSD on the Ethereum network in 2023. Despite recent market challenges, PYUSD remains a prominent stablecoin. @CryptoBuzzPosts 🐝 ~ ~

Meta Unveils Orion AR Glasses, Quest 3S, and More During its Connect Event 🐝 ~ ~ During its annual Connect event, Meta introduced several AI-powered features for its mixed and virtual reality products, aiming to compete with industry rivals. The highlight was the Orion AR glasses, utilizing projectors and advanced sensors for holographic displays and hands-free communication. Users can interact via voice, AI, and gesture tracking. Additionally, upgrades to Ray-Ban Meta glasses will enhance AI interactions and real-time translations. The company also launched the Meta Quest 3S headset, starting at $299, and announced updates for its Horizon platform, including photorealistic spaces and partnerships with major developers, enhancing social experiences. @CryptoBuzzPosts 🐝 ~ ~

Shiba Inu (SHIB) Finally Bullish, XRP Getting Closer to Edge, Solana (SOL) Fails at $150 Once Again 🐝 ~ ~ Shiba Inu (SHIB) is showing signs of a potential bullish trend after a long period of consolidation, recently breaking above its 50-day Exponential Moving Average (EMA) and trading at approximately $0.00001489. If it maintains this position, the next target is $0.00001700. However, low trading volume could undermine its momentum. Meanwhile, XRP is nearing a critical breakout point within a symmetrical triangle pattern, currently priced around $0.5883, creating uncertainty about its next move. Solana is struggling to break the $150 resistance level, recently trading at $145, with key support levels identified at $141 and $139. @CryptoBuzzPosts 🐝 ~ ~

Crypto Analyst Identifies Cardano Buy Signal And Parabolic Rally To Send ADA Price To $5 🐝 ~ ~ As altcoin season approaches, Cardano (ADA) has surged over 14% in the past week, prompting a crypto analyst to issue a strong buy signal. Analyst TradingShot anticipates a potential parabolic rally that could elevate ADA’s price to $5, suggesting technical indicators like a bullish cross on the LMACD support this forecast. Meanwhile, another analyst, Deezy.eth, predicts a more conservative target of $1 by December 25, 2024, citing recent bullish developments and market conditions. Currently, ADA is priced at $0.38, reflecting optimistic future projections for the cryptocurrency. @CryptoBuzzPosts 🐝 ~ ~

PayPal now allowing US business accounts to trade crypto 🐝 ~ ~ PayPal will allow U.S. merchants to buy, hold, and sell cryptocurrency through their business accounts, enhancing cryptocurrency’s utility in everyday transactions. This service, however, will not initially be available in New York. Previously, PayPal and Venmo enabled consumers to manage cryptocurrencies like Bitcoin and Ethereum. Now, merchants can transfer digital tokens to external wallets, bridging traditional finance and cryptocurrency. In August 2023, PayPal launched its stablecoin, PayPal USD (PYUSD), on the Ethereum blockchain, later expanding to Solana. The transaction volume for PYUSD surged from $150 million to over $500 million weekly, with a total supply of $534 million. @CryptoBuzzPosts 🐝 ~ ~

Solana Price To Hit $330 Challenging Ethereum Dominance: Report 🐝 ~ ~ Solana’s price surged over 3% today, surpassing $153, amid a VanEck report predicting a potential rally to $330. The report highlights Solana’s superior transaction processing capabilities, with 3000% more transactions and 1300% more daily active users compared to Ethereum, alongside significantly lower transaction fees. Despite this, Solana’s market cap remains only 22% of Ethereum’s, spurring discussions about its ability to challenge Ethereum’s dominance. Technical analysis suggests Solana could capture 50% of Ethereum’s market cap, driven by growth in DeFi and decentralized exchanges. However, while retail interest is rising, institutional adoption lags behind. @CryptoBuzzPosts 🐝 ~ ~

Bitcoin ETFs are less than 200,000 BTC away from surpassing Satoshi Nakamoto’s holdings 🐝 ~ ~ Spot Bitcoin exchange-traded funds (ETFs) have accumulated over 900,000 BTC since their inception, edging closer to surpassing the 1 million BTC mark and Satoshi Nakamoto’s estimated 1.1 million BTC stash. As of September 24, these ETFs collectively held 916,047 BTC, valued at over $63.6 billion at a price of $63,622.03. BlackRock’s iShares Bitcoin Trust leads with 358,080 BTC, followed by Grayscale’s ETFs with 258,671 BTC and Fidelity’s FBTC with 184,490 BTC. Recent data indicates that spot Bitcoin ETFs achieved $17.8 billion in total inflows after four days of positive momentum, with Fidelity and BlackRock topping inflows. @CryptoBuzzPosts 🐝 ~ ~

Caroline Ellison sentenced while the SEC targets TUSD 🐝 ~ ~ Former Alameda CEO Caroline Ellison received a 24-month prison sentence and was ordered to forfeit $11 billion for her role in a massive fraud scheme, significantly lighter than the potential 110 years she faced. Judge Lewis Kaplan noted her genuine remorse, contrasting her attitude with that of former FTX CEO Sam Bankman-Fried. While some, like ex-FTX executive Ryan Salame, criticized Ellison’s cooperation with prosecutors, Kaplan found her testimony invaluable in convicting Bankman-Fried. Meanwhile, concerns remain about TrueUSD, which allegedly mismanaged user funds. The regulatory landscape for crypto continues to evolve, raising debates on transparency and accountability. @CryptoBuzzPosts 🐝 ~ ~

Visa Launches Tokenized Asset Platform for Financial Institutions Click to see more

Bitcoin Whales Wake Up, Move Coins: How About BTC Price? 🐝 ~ ~ Recently, several long-dormant Bitcoin (BTC) addresses, often referred to as whales, have come to life, coinciding with a rise in Bitcoin’s price. Analysis reveals significant transfers, including a 13-year-old whale moving 20 BTC worth $1.27 million to Bitstamp, and others transferring a total of 275 BTC over a short period. While such activity often signals potential selling pressure, current metrics show a decrease in large holders’ netflow to exchanges, suggesting a possible accumulation phase. If momentum continues, BTC could target $68,225, but heavy distributions by whales may trigger a price decline to $60,296. @CryptoBuzzPosts 🐝 ~ ~

Fed Officials Express Concerns Over Inflation Persistence Click to see more

‘Terminator’ Director James Cameron Joins Stability AI Board of Directors 🐝 ~ ~ Oscar-winning filmmaker James Cameron, known for his work on “The Terminator,” has joined the board of artificial intelligence firm Stability AI. He sees the integration of generative AI and CGI as the next frontier in storytelling. Stability AI, valued at around $1 billion, offers a popular AI-based image and video generation tool competing with others like Midjourney. Cameron’s addition to the board promises to enhance the company’s mission to empower creators. Previously wary of AI’s potential risks, Cameron acknowledges its significance in film, cautioning that while he wouldn’t want AI to write scripts, its impact on storytelling could be profound. @CryptoBuzzPosts 🐝 ~ ~

Dogecoin Cofounder Breaks Silence on Satoshi Bitcoin Speculations 🐝 ~ ~ In recent tweets, Dogecoin cofounder Billy Markus (Shibetoshi Nakomoto) clarified speculation about his involvement with other cryptocurrencies, asserting he has only worked on Dogecoin and an earlier project called “Bells.” He stated that he hasn’t engaged in cryptocurrency development since 2014 and dismissed any claims of affiliation with other projects as lies. This humorous exchange follows ongoing theories linking figures in crypto to the enigmatic Satoshi Nakamoto, Bitcoin’s creator, whose identity remains unknown. Some believe Satoshi may be a group rather than an individual, given the complexity of Bitcoin’s code. @CryptoBuzzPosts 🐝 ~ ~

Binance Market Update (2024-09-25) Click to see more

Bitcoin Held For Years Are Now On The Move, Is This A Signal For Caution? 🐝 ~ ~ Samuel Edyme, nicknamed HIM-buktu, is a versatile web3 content writer, journalist, and aspiring trader with experience at major platforms like AMBCrypto and Blockchain.News. His crypto journey began with a Ponzi scheme, but he transformed the setback into over three years of market insights. Edyme learned the ropes through significant events such as the Terra Luna crash and the FTX collapse. With a dedication to trading, he spends time backtesting charts and enjoys working out while listening to NF. An introvert, Edyme embodies resilience and continuous improvement, striving to be 1% better every day. @CryptoBuzzPosts 🐝 ~ ~

POPCAT hits all-time high as market cap surges past $1b 🐝 ~ ~ Solana-based memecoin POPCAT reached an all-time high of $1.07 on September 25, surpassing a $1 billion market cap and ranking 82nd among cryptocurrencies. At the time of reporting, its price was $1.02, a 10% increase in 24 hours. The trading volume surged 53% to around $136 million, indicating bullish social sentiment and increasing whale interest, including a significant $1.3 million purchase. POPCAT’s open interest rose 13% to $106 million, and its Commodity Channel Index hit 143.81, suggesting overbought conditions and potential corrections. Traders should monitor resistance at $1.070 and support around $0.7482 for volatility. @CryptoBuzzPosts 🐝 ~ ~

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 🐝 ~ ~