Author: NBTC
The segment of AI meme cryptocurrencies, i.e., meme coins using artificial inteligence narratives in various ways, is rocketing today despite the pale performance of the rest of the altcoins. Turbo (TURBO), which is promoted as the first-ever AI-generated meme coin, leads the charge. Elon Musk-inspired GROK adds 14%: AI meme frenzy Today, Sept. 20, 2024, the AI meme cryptocurrencies segment is the top performer in crypto, according to CoinGecko statistics. The coins of this category added almost $100 million in capitalization in 24 hours. Amid the top 200 cryptocurrencies by market capitalization, Turbo (TURBO) is a top gainer, with a…
Ripple has thrown millions behind Kamala Harris. What’s the real agenda here? Is this about politics, or is Ripple gearing up for something bigger with XRP? Table of Contents Ripple’s split personality hits Ripple’s political pivot A strategy of survival? Ripple eyes XRP ETF Ripple’s split personality hits Ripple, the blockchain giant behind XRP, has always been in the spotlight for something or the other. Lately, though, it seems Ripple is stepping up its political game, especially with some eye-catching statements from its CEO, Brad Garlinghouse. During the D.C. Fintech Week event, Garlinghouse gave a rare nod to Democratic presidential…
The dominance of Bitcoin spot trading volume has reportedly hit back to the pre-spot ETF levels. As per Ki Young Ju, the chief executive officer of the popular on-chain analytics platform CryptoQuant, this development might get attention, it does not necessarily denote the bull run’s ending. The CryptoQuant CEO took to his official social media account to discuss the current outlook of this volume. Coinbase’s #Bitcoin spot trading volume dominance is back to pre-spot ETF levels.For the bull cycle to continue, U.S. demand needs to rebound. I expect this in Q4, but I could be wrong.We’re mid-cycle and haven’t hit…
DWF Labs, a Web3 market maker and multi-stage investment firm, has partnered with GraFun, a meme coin platform on BNB Chain. This collaboration aims to bolster liquidity and transparency for memecoins launched on the GraFun platform, offering a more robust trading environment. GraFun Manages Memecoin Market With DWF Labs GraFun is a platform that enables the launch and trading of memecoins on the BNB Chain, utilizing a Fair Curve model. This model addresses price manipulation issues and pump-and-dump schemes, ensuring stability and fairness in token launches. With over two million on-chain registrations and 11 waitlisted registrations in just three days,…
South Korea’s Financial Services Commission (FSC) is preparing a bill to create stricter qualifications for major shareholders and reform the governance structures of virtual asset exchanges, according to Chairman Kim Byung-hwan. The announcement came during a comprehensive state audit conducted by the National Assembly’s Political Affairs Committee on October 24. “Currently, there is no legal basis for investigating large shareholders under existing laws such as the Private Financial Information Law or the Virtual Asset Users Protection Law,” Chairman Kim said. Chairman Kim added that a revision to the Private Financial Information Law has been submitted to the National Assembly to…
The exclusive statistics regarding Bitcoin reveal a critical development dealing with its halving cycle. As per the crypto intelligence firm IntoTheBlock, the current $BTC halving cycle has seen a price decline of up to 12% from $63.9K (its halving price). The platform took to social media to offer insights into the respective development. This chart shows the returns in each halving cycle🔴The current cycle marks a ~12% price decrease from its halving price of $63.9K🟢Historically, the average time between Bitcoin’s halving event and the next peak is around 480 days, which would place it in the summer of 2025. pic.twitter.com/ZTraSvbegk…
Ethereum has been rejected from the crucial 100-day MA of $2.7K, indicating a bull trap. This price action hints at sellers’ dominance, with the asset expecting to continue its descending consolidation stage toward the $2.1K threshold. Technical Analysis By Shayan The Daily Chart Ethereum recently experienced a surge that breached the 100-day moving average at $2.7K and the neckline of an inverted head and shoulders pattern, triggering a short liquidation event. This initial move was a bullish signal, briefly sending the price higher. However, a rejection at the $2.7K level has led to a 12% decline, pushing the price back…
The stablecoin space has continued to expand, registering a total market of $171.03 billion. Tether Limited’s Tether ($USDT) continues to be the predominant stablecoin and holds a large portion of the market share. With 69.58% market dominance, $USDT manages to hold its ground in the overall crypto markets. TOP #STABLECOINS BY MARKET CAPITALIZATION TOTAL #STABLE MARKET CAP – $171.03B STABLE DOMINANCE – 7.72%… pic.twitter.com/QXGMGmrx4Q — PHOENIX – Crypto News & Analytics (@pnxgrp) September 20, 2024 Other notable players include $USDC, $DAI, and $FDUSD. $USDC is second, with a market cap of $35.3 billion and a daily trading volume reaching $6.9…
Ripple intends to counter the SEC, submitting its Form C civil appeal today. The blockchain-based digital payment network will particularly challenge the court’s previous ruling on its XRP institutional sales, wanting clarity over the token’s classification. Ripple’s executives anticipate positive results from the Second Circuit’s ruling On August 7, District Judge Analisa Torres ruled that Ripple’s programmatic sales of XRP to retail customers did not breach federal securities laws, concluding that XRP is not a security. The Security and Exchanges Commission dissatisfied with the court’s ruling, filed an appeal to have XRP treated as a security. Today, Ripple is also…
The “September Effect” is, so far, in full force against Bitcoin (BTC) and other cryptocurrencies, mirroring historical patterns, as Finbold reported. Yet, technical analyses indicate that this is just part of an expected shake-out before BTC can seek higher prices. One of these analysts is Cryptorphic, according to a recent “BTC/USD roadmap to $93,000” he published on TradingView. At first, he urged traders and investors to “stay strong” because “things are going to improve soon.” “Hello everyone, first off, stay strong—things are going to improve soon! Many people are confused right now and might get liquidated, eventually leaving the market…