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@nodachi

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753 Followers

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Tether is set to launch a dirham-pegged stablecoin on The Open Network (TON) blockchain, which has rapidly reached 1 billion USDT in just six months since going live, with over 7.6 million wallets now using USDT on TON.

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South Korea's "kimchi premium," the price gap between Bitcoin on Korean exchanges and global markets, has dropped to historic lows, even as Bitcoin’s price surged to $71,000 due to strong U.S. institutional demand.

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Mint photo_2024-10-04 15.14.21

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The top-performing altcoins in the fourth week of October 2024 include: ➡️ Goatseus Maximus (GOAT): Surged by 210%, reaching a new all-time high of $0.902. It currently holds above $0.640 support, but if this level fails, it may drop to $0.466. ➡️ Safe (SAFE): Increased by 58%, trading at $1.48 with the potential to flip $1.64 resistance into support. Failure to hold $1.30 could trigger a pullback to $1.10. ➡️ Raydium (RAY): Rose by 40%, trading at $3.01 and aiming to breach $3.33 resistance. A retracement to $2.71 could occur if resistance holds.

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Hong Kong Exchanges and Clearing Ltd. will launch its "HKEX Virtual Asset Index Series" on Nov. 15, offering a new bitcoin and ether price benchmark during the Asian time zone to support informed crypto investing in the region.

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Cardano (ADA) is currently trading around $0.33 as recent bullish momentum fades, with technical indicators like the MACD suggesting potential downside if support at this level fails to hold.

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Worldcoin investors lost an estimated $5.58 billion in potential profits after the token’s price dropped by 18%, lowering the profitable supply from 87% to 70%.

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Mint photo_2024-10-04 15.14.24

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BREAKING: Microsoft is letting shareholders vote on possibly investing in Bitcoin

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Maverick Protocol’s integration with Coinbase Wallet streamlines access to swaps and Boosted Positions, offering users a simplified onboarding process and improved gas efficiency.

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Donald Trump has gained a significant lead, increasing his chances to 19.3% according to

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TON Sees Explosive 2400% Growth, Reaches 90 Million Token Holders

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USDA Approves First Blockchain-Based Cattle Certification System

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Wrapped Bitcoin Shifts to Multi-Jurisdiction Custody, Sparking Community Debate 📍 Wrapped Bitcoin (WBTC), a tokenized version of Bitcoin on the Ethereum network, has completed its transition to a geographically distributed custody structure. The new arrangement involves a partnership between BitGo and BiT Global, with custody shared across Singapore, Hong Kong, and the United States. This move aims to enhance security and decentralization by requiring two signatures for any transaction approval. 🔗 Despite the transition's seamless implementation for users, it has sparked debates within the cryptocurrency community. The Sky platform (formerly Maker) initially voted to remove WBTC as a collateral asset due to concerns over Justin Sun's involvement. However, the platform is now reconsidering this decision following discussions with BitGo co-founder Mike Belshe.

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UAE Exempts Crypto Transfers and Conversions from VAT, Boosting Its Crypto-Friendly Status 🌐 The United Arab Emirates has significantly enhanced its appeal to crypto businesses by exempting cryptocurrency transfers and conversions from value-added tax (VAT). Announced by the Federal Tax Authority on October 2, 2024, this exemption applies retroactively from January 1, 2018, and covers "virtual assets" defined as digital representations of value that can be traded or converted for investment purposes.

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Coinbase Urges Court to Reconsider Appeal Citing SEC's Ripple Case Move 🔒 Coinbase's attorneys have asked a New York judge to reconsider their interlocutory appeal filed in April 2024, citing the SEC's recent appeal in the Ripple lawsuit. They argue that the SEC's action admits to ambiguity in the Howey Test criteria for classifying financial instruments as securities. Coinbase's legal team emphasizes the need for prompt appellate review, given the "industry-wide significance" of applying the Howey test to digital asset transactions. 📌 This move comes amid ongoing legal battles between Coinbase and the SEC, with recent developments including the SEC's request for an extension to produce discovery documents and Coinbase's petition for the CFTC to release communications with token issuers. The case continues to highlight the complexities surrounding cryptocurrency regulation and classification.

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Ethereum's 'Ultrasound Money' Status Challenged as Inflation Hits Two-Year High 🔔 Binance's October 2024 Monthly Market Insights report reveals that Ethereum's inflation rate has surged to 0.74%, its highest level in two years. This development is raising questions about Ethereum's long-touted "ultrasound money" narrative. The increase in inflation is attributed to reduced on-chain activity and lower burn rates, largely due to the growing popularity of layer-2 solutions like Arbitrum and Optimism.

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BlackRock Bullish on Bitcoin: Predicts Decreasing Volatility and Portfolio Benefits ⚠️ BlackRock, the world's largest asset manager, has presented a compelling case for Bitcoin's evolving role in investment portfolios. At the recent Digital Assets Conference, the firm revealed data showing Bitcoin's declining volatility and its potential to significantly enhance portfolio performance. BlackRock's analysis demonstrates that even small Bitcoin allocations (1%, 3%, or 5%) can boost risk-adjusted returns across various time horizons, outperforming traditional portfolios. 🛡

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I just minted 1 NFT from Project プルプル: Boarding Passes and got 1 rare! https://create.party.app/mint/base/0x154a563Ab6C037BD0f041ac91600FfA9FE2f5fa0?shareTxn=0x3c9849bb8f67b9b648982425d7a001e052e41bc22b6774eaf979d2b06aa3483b

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