CryptoBuzz Posts

Bitcoin(BTC) Surpasses 64,000 USDT with a 3.17% Increase in 24 Hours Click to see more

Terraform Labs secures court approval to wind-down operations after settling with SEC 🐝 ~ ~ Terraform Labs received court approval to wind down its operations in bankruptcy following a settlement with the SEC for a $4.47 billion fine related to investor fraud. Approved by US Bankruptcy Judge Brendan Shannon, this development marks the conclusion of Terraform’s bankruptcy, initiated in January after a jury found it liable for defrauding investors by $40 billion during the collapse of its Terra ecosystem in 2022. Co-founder Do Kwon is responsible for $110 million of the settlement and must transfer various assets to the bankruptcy estate. Payments to investors will be made after covering all losses during liquidation. Terraform estimates it could pay $184.5 million to $442.2 million to affected stakeholders. @CryptoBuzzPosts 🐝 ~ ~

Texas court dismisses Consensys lawsuit against SEC 🐝 ~ ~ A Texas court dismissed Consensys’s lawsuit against the SEC and Chair Gary Gensler, which claimed the SEC had investigated Ethereum and issued a Wells notice regarding MetaMask. The court ruled that the SEC’s actions did not finalize any decisions or establish Consensys’s legal rights. Although the SEC had indicated possible enforcement actions, it later dropped its investigation into Ethereum. Consensys expressed disappointment over the procedural dismissal, highlighting ongoing shifts in regulatory sentiment towards cryptocurrencies. The company remains determined to contest the SEC’s actions in Brooklyn and advocate for blockchain developers’ rights in the U.S. @CryptoBuzzPosts 🐝 ~ ~

Vitalik Buterin’s Speech, and More 🐝 ~ ~ Token2049 in Singapore highlighted significant developments in the crypto industry, featuring Ethereum creator Vitalik Buterin’s concert-style keynote on Ethereum advancements, including reduced transaction fees and improved speeds. Bitget partnered with LaLiga, marking a blend of blockchain technology with sports, while Solana Mobile announced its Web3 smartphone, “Seeker,” set for a 2025 release. Chainlink’s Sergey Nazarov predicted tokenized real-world assets would surpass cryptocurrencies in value. CertiK introduced free security tools to protect users, and Andrew Saunders criticized celebrity meme coins, advocating for decentralized applications instead. Solidus Ai Tech and SambaNova Systems announced a partnership for AI in Web 3.0, while a new fund was launched to support Aptos ecosystem growth. @CryptoBuzzPosts 🐝 ~ ~

Custodia Says Fed Attempt to ‘Crush’ Crypto Bank Was Political 🐝 ~ ~ Wyoming’s Custodia Bank claims the Federal Reserve Board misrepresented its crypto-friendly business model to deny it access to payment systems. In a recent 39-page brief, Custodia contends that winning its appeal would neither allow all banks access to the Fed’s systems nor hinder the Fed’s ability to manage risks related to crypto. The banks argue that this could set a dangerous precedent. Custodia, denied a master account in April, alleges political bias against the digital assets industry and insists it operates under Wyoming regulations. The case emphasizes tensions between federal and state banking oversight, with oral arguments expected soon. @CryptoBuzzPosts 🐝 ~ ~

Ethereum (ETH) Price Prediction for September 19 🐝 ~ ~ Ethereum (ETH) has experienced a 5.42% increase in value over the past 24 hours, now trading near $2,432. It faces local resistance at $2,442 and could potentially rise to the $2,500 area if it breaks through. The daily trend remains bullish, raising hopes for a further surge to around $2,600 by the end of the month, depending on market momentum. However, analysts warn that long-term growth predictions are premature, with ETH expected to engage in sideways trading between $2,300 and $2,600 in the midterm. Always conduct your own financial research before investing. @CryptoBuzzPosts 🐝 ~ ~

Crypto Analyst Predicts Dogecoin Will Surge 1,000% Past ATH – Price Targets Revealed 🐝 ~ ~ Dogecoin is at a pivotal price level following a recent market surge linked to the Federal Reserve’s 50 basis point interest rate cut. Analysts predict a potential rally with one forecasting a 1,000% surge. Technical analysis suggests DOGE may break a falling wedge pattern, aiming for targets of $0.93 to $3.80, depending on market performance. Currently trading at $0.104, it has reclaimed key moving averages, but risks a correction if it fails to surpass $0.108. The next few weeks are critical as Dogecoin seeks to harness this bullish momentum to reach new heights in the cryptocurrency market. @CryptoBuzzPosts 🐝 ~ ~

Sea of green in crypto as Reef, First Neiro on ETH, Solar lead 🐝 ~ ~ The cryptocurrency market surged after the Federal Reserve’s 0.50% interest rate cut, with Bitcoin surpassing $63,000 for the first time since August. Smaller altcoins like Reef (REEF) and First Neiro on ETH (NEIRO) showed remarkable gains, with Reef soaring over 670% and reaching a market cap of $102 million. NEIRO climbed more than 3,865%. Other notable performers included Solar (SXP) and Billy (BILLY), each rising over 50%. Analysts believe this rally is sustainable, with increased institutional interest indicated by Bitcoin ETF inflows and rising crypto sentiment, as noted by the fear and greed index moving out of the fear zone. @CryptoBuzzPosts 🐝 ~ ~

Solana Coins MEW & FIDA Prices Surge Over 25% On Major Listings 🐝 ~ ~ FIDA and MEW, Solana-based cryptocurrencies, experienced significant price surges of 25%-30% following their recent listings on Binance and Upbit, respectively. FIDA was listed on Binance for USD-Margined perpetual contracts with up to 75x leverage, while MEW was introduced on Upbit with BTC and USDT trading pairs. FIDA rose nearly 45% to $0.3243, and MEW increased by 26% to $0.00533. The listings have generated optimism for further capital inflows into these tokens and contributed to a notable rise in Solana’s overall performance, with its price climbing 8% to $140. @CryptoBuzzPosts 🐝 ~ ~

U.S. Stock Market Opens Higher, S&P 500 Hits New Intraday Record High Click to see more

U.S. Stock Market Opens Higher, S&P 500 Hits New Intraday Record High Click to see more

UK Interest Rate Cuts May Surpass US Due to Weak Economic Growth Click to see more

Bitcoin miners eye critical $62,000 price level to maximize profits in Q3 🐝 ~ ~ Bitcoin miners could report GAAP accounting net profits this quarter if Bitcoin remains above $62,000 by month-end, as per new FASB rules requiring them to mark holdings to market by June 30, 2024. These changes aim to align digital asset accounting with traditional assets, enhancing transparency. Marathon Digital Holdings noted the importance of crossing the $62,700 support level for transformative impacts on Q3. Although Marathon’s Q2 2024 revenue surged by 78% to $145.1 million, it faced a $199.7 million net loss due to fair value adjustments. Market participants are closely watching Bitcoin’s fluctuations as they approach reporting deadlines. @CryptoBuzzPosts 🐝 ~ ~

Bitcoin(BTC) Surpasses 63,000 USDT with a 5.50% Increase in 24 Hours Click to see more

First Fed interest rate cut in 4 years sized at 50 bps 🐝 ~ ~ The Federal Reserve cut interest rates by 50 basis points, surprising some analysts who anticipated a more conservative reduction. Chair Jerome Powell indicated the need for this cut, citing progress on inflation and balanced risks. The Federal Open Market Committee expressed increasing confidence in sustainable inflation goals, despite economic uncertainties. While expectations fluctuated between 25bps and 50bps, a 50bps cut raised concerns of potential recession volatility. Bitcoin briefly rose after the announcement. Projections indicate more rate cuts may follow, with expectations for rates to fall between 4.25%-4.5% by year’s end, and the market will be closely watching forward guidance from Powell. @CryptoBuzzPosts 🐝 ~ ~

Urgent: Banana Gun Telegram Bot May Be Compromised 🐝 ~ ~ Rumors are spreading about funds being drained from wallets linked to the Banana Gun crypto trading bot on Telegram. Users are urged to withdraw their funds immediately as a safety measure. While reports indicate that 36 victims have lost nearly 563 ETH, some sources suggest that the bot itself may not be compromised. The situation is evolving, with additional drain rumors appearing for SOL wallets. No formal announcements have been made regarding the incident. Readers are encouraged to seek independent verification of facts before making financial decisions. @CryptoBuzzPosts 🐝 ~ ~

Binance Market Update (2024-09-19) Click to see more

Solana’s New Phone Promises More for Less—And Already Seeing Huge Demand 🐝 ~ ~ Solana Labs is poised to launch the Solana Seeker smartphone in mid-2025, following the initial lackluster performance of the Solana Saga. The Seeker has already garnered 140,000 pre-orders and will feature a more affordable pre-order price of $450, alongside improvements like a brighter display, better battery life, and enhanced camera capabilities. Emmett Hollyer, General Manager of Solana Mobile, emphasized that the Seeker aims to engage both new and existing crypto users. Unlike the Saga, the Seeker will also include a custom software wallet, enhanced ecosystem partnerships, and a Genesis NFT for exclusive experiences, encouraging developer interest in mobile dapps. @CryptoBuzzPosts 🐝 ~ ~

Dogecoin (DOGE) Skyrockets 1,757% in Bullish Whale Activity 🐝 ~ ~ Recent on-chain activity for Dogecoin (DOGE) indicates growing investor optimism. IntoTheBlock’s large holders netflow metric shows a significant increase in DOGE moving to major holders’ wallets, rising from 7.4 million to 123.03 million within 24 hours. This surge suggests large investors may be preparing for significant purchases, a trend typically observed during market dips. Additionally, the number of DOGE coins leaving wallets decreased, indicating confidence in future growth. Furthermore, DOGE is nearing its first “golden cross” in over four years, a bullish sign historically linked to significant price surges, last happening in January 2021. @CryptoBuzzPosts 🐝 ~ ~

Bitcoin Exchange On The Horizon For Europe’s 3rd Biggest Stock Exchange 🐝 ~ ~ The Swiss stock exchange SIX is considering launching a Bitcoin and crypto exchange to compete with major platforms like Binance and Coinbase. Bjørn Sibbern, Global Head of Exchanges, emphasized the need for a platform for spot cryptocurrencies and derivatives, aiming to attract institutional investors by leveraging Switzerland’s favorable regulatory environment. Despite some hesitance among traditional financial firms due to regulatory concerns, renewed interest has emerged following the U.S. SEC’s approval of Bitcoin and Ethereum ETFs. SIX, which operates a digital exchange and a crypto derivatives platform with Japan’s SBI Group, seeks to expand its offerings while catering exclusively to institutional clients. @CryptoBuzzPosts 🐝 ~ ~