CryptoBuzz Posts

Bitcoin on track for best September on record up 8.36% 🐝 ~ ~ Bitcoin experienced an 8.36% gain in September 2023, marking its best performance for the month historically, as past Septembers averaged losses of 3.68%. This surge contrasts sharply with declines in previous years, including significant drops like 13.38% in 2019. As October, often dubbed “Uptober” due to its strong historical performance, approaches, market sentiment is optimistic, with past averages suggesting nearly 23% gains. The combination of September’s positive trend, the anticipated rally in October, and new FASB crypto reporting rules strengthens the likelihood of notable price movements for Bitcoin in the near future. @CryptoBuzzPosts 🐝 ~ ~

Dubai Emerges as Major Hub for Billion-Dollar Hedge Funds Amid Wealth Boom Click to see more

Companies Increase Bitcoin Holdings Amid Market Fluctuations Click to see more

TRON DAO completes security assessment conducted by ChainSecurity, strengthening network integrity 🐝 ~ ~ TRON DAO has completed a security assessment of its Java-Tron client by ChainSecurity, focusing on the TRON Virtual Machine, consensus mechanisms, and P2P interactions. The assessment identified several vulnerabilities that could impact network performance, including issues with PBFT messages, unpermissioned censoring of fork blocks, and resource consumption by unsigned blocks. Solutions were implemented to address these findings, enhancing network stability and security. Both ChainSecurity and TRON DAO emphasized the importance of ongoing security efforts to protect user assets and maintain a reliable platform. The collaboration reinforces TRON’s commitment to robust security infrastructure. @CryptoBuzzPosts 🐝 ~ ~

This Is How a 45% Rally Could Be Next for NEAR Protocol 🐝 ~ ~ NEAR Protocol has experienced significant bullish momentum, with a price increase of over 50% in the past two weeks, positioning it for potential further gains. Investor sentiment remains positive, indicated by a favorable funding rate and strong buying pressure, as reflected in the Chaikin Money Flow (CMF) signal. Currently trading at $5.31, NEAR faces crucial resistance at $5.74; a successful breakout could lead to a 45% rally, targeting $7.47. However, to maintain this bullish outlook, NEAR must establish $6.37 as a strong support level, or risk slipping into consolidation around $5.13. @CryptoBuzzPosts 🐝 ~ ~

California Governor Newsom Vetoes AI Safety Bill that Divided Silicon Valley 🐝 ~ ~ On Sunday, California Governor Gavin Newsom vetoed Senate Bill 1047, which aimed to set safety standards for large-scale AI systems. While supporters, including Elon Musk, argued for its necessity, Newsom expressed concern that it might hinder innovation in California’s tech sector and leave smaller models unregulated. He emphasized the need for a balanced, evidence-based approach to AI regulation rather than a state-only framework. Newsom, who has signed other AI-related bills, highlighted the importance of collaboration with experts and federal partners to develop future regulations, as he seeks to navigate the challenge of innovation versus oversight. @CryptoBuzzPosts 🐝 ~ ~

XRP Scores Highest Weekly Close of 2024. Will SEC Spoil This Rally? 🐝 ~ ~ XRP, the sixth-largest cryptocurrency, achieved its highest weekly close of the year, trading at $0.6518 after a 6% increase. With a market cap of $36.8 billion, it surpassed Circle’s USDC token. This success marks a significant achievement for bulls after struggling to overcome the $0.60 resistance level, particularly after the Ripple case ruling in August. While XRP is currently performing well against other cryptocurrencies, potential challenges loom as the SEC’s appeal deadline in the Ripple case approaches on October 6, which could impact XRP’s future price movements. Legal analysts suggest the appeal process may take until 2026. @CryptoBuzzPosts 🐝 ~ ~

Bitcoin(BTC) Drops Below 64,000 USDT with a 2.80% Decrease in 24 Hours Click to see more

Binance to List EigenLayer (EIGEN) with Seed Tag Click to see more

Bitcoin Price Corrects Recent Gains: Is a Deeper Dip Coming? 🐝 ~ ~ Bitcoin’s price rose above $66,000 but is now correcting below $65,500, potentially heading towards $64,000. Currently, it trades below $65,250 and the 100-hour Simple Moving Average after breaking a bullish trend line. A high of $66,452 was recorded, followed by a decline below the 23.6% Fib retracement level. Support is strong around $64,500, with immediate support at $64,200 and the key level at $64,000. If BTC can surpass the $65,500 resistance, it may test higher levels, but further declines could put it toward $62,650. Technical indicators suggest a bearish trend. @CryptoBuzzPosts 🐝 ~ ~

Elon Musk-inspired Government Efficiency coin spikes 33,000% 🐝 ~ ~ The Department of Government Efficiency (DOGE), a satirical cryptocurrency inspired by discussions between Donald Trump and Elon Musk, experienced a remarkable surge, reaching $0.02850 before stabilizing around $0.02309, marking a 33,000% increase since September. Musk proposed this idea on X.com, suggesting he could lead the department focused on government efficiency if Trump is re-elected. Meanwhile, Vice President Kamala Harris shows a strong chance of winning against Trump in upcoming polls. DOGE’s popularity coincides with a rise in meme coins, attracting over $10 million in trading volume and reaching a holder record of 5,916. @CryptoBuzzPosts 🐝 ~ ~

Will Binance Founder ‘CZ’s Post-Release Plans Fuel a BNB Price Rally to $700? 🐝 ~ ~ BNB price fell 0.75%, now trading at $597, indicating a cooling period for buyers. The recent release of Binance founder Changpeng Zhao (CZ) from prison after violations related to the Bank Secrecy Act spurred a brief price increase. CZ’s future plans include investments in blockchain, AI, and philanthropy, potentially boosting investor sentiment, even though they don’t impact BNB directly. An inverted head and shoulders pattern suggests a possible 34% rally to near $800, but current struggles to hold above $600 raise risks of a bull trap, with potential corrections if the price drops below $595. @CryptoBuzzPosts 🐝 ~ ~

Mango DAO, Blockworks Foundation settle SEC charges for $700K, agree to delist MNGO 🐝 ~ ~ On September 27, the SEC settled charges with Mango Markets’ DAO and the Blockworks Foundation for selling unregistered securities following a 2022 exploit. They agreed to pay $700,000 in civil penalties, destroy their MNGO tokens, and request their delisting from exchanges, while ceasing future marketing. Neither party admitted wrongdoing as the settlement awaits court approval. In August, Mango DAO had voted to settle, and in September proposed a $500,000 settlement with the CFTC. The SEC’s allegations included raising over $70 million through MNGO governance tokens, and asserted that DAOs are not exempt from securities laws. @CryptoBuzzPosts 🐝 ~ ~

FTX's FTT Token Surges 81.4% While Terra's LUNA Rises 18% Click to see more

Web3 Watch: Hippo-themed ‘Moo Deng’ memecoin soars to $255M market cap 🐝 ~ ~ The new memecoin MOODENG, inspired by the viral baby hippo Moo Deng from Thailand, has gained popularity, achieving a $200 million market cap shortly after its launch on Solana. It’s currently valued at $255 million, becoming the 22nd largest memecoin. MOODENG has inspired additional tokens for Moo Deng’s family and boasts a strong social media presence with a fan page nearing 50,000 followers. Notably, one trader turned an $800 investment into $3.5 million in just 15 days. Meanwhile, Audius launched monetization features for its music streaming platform, allowing fans to pay artists in USDC. @CryptoBuzzPosts 🐝 ~ ~

SUI, OP, IMX and Other Tokens to Undergo Major Unlocks Next Week, Totaling Nearly $300 Million Click to see more

SUI, OP, IMX and Other Tokens to Undergo Major Unlocks Next Week, Totaling Nearly $300 Million Click to see more

Binance Market Update (2024-09-29) Click to see more

Worldcoin Expands to Guatemala and More 🐝 ~ ~ Latin America (LATAM) is increasingly influential in the global crypto landscape, as highlighted by Nexo’s membership in Colombia’s Fintech Association and Worldcoin’s launch of its ID verification service in Guatemala to combat digital identity issues. Bolivia has experienced a surge in cryptocurrency transactions since lifting its ban in June 2024, while Ecuador and Mexico have also seen innovations. Paraguay is developing “Legaledger,” a national blockchain for secure transactions, and Brazil’s CBDC project, DREX, is progressing into its second development phase, targeting advancements in smart contracts and financial services. These efforts reflect the region’s growing digital finance landscape. @CryptoBuzzPosts 🐝 ~ ~

Ethereum Game ‘Space Nation Online’ Is First Step for a Star Wars-Like Epic IP 🐝 ~ ~ Space Nation has soft-launched its MMORPG, Space Nation Online, aiming to rival franchises like Star Wars. Developed on the Ethereum-based Immutable zkEVM, the game focuses on creating a sustainable in-game economy while engaging players in galactic combat. Co-founder Jerome Wu, a former Blizzard Entertainment project manager, aims to address issues in traditional MMORPGs by incentivizing less monotonous tasks to enhance player experiences. The broader franchise includes animated shorts and a TV series, with future plans for a vibrant virtual economy. The game occurs in the Telikos Cluster, where players strive for dominance amidst alien threats as humanity attempts to reclaim its civilization. @CryptoBuzzPosts 🐝 ~ ~