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Rinakhatun

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South Korea is home to one of the world’s largest cryptocurrency markets. In the first quarter of 2024, the South Korean won surpassed the US dollar as the most-traded fiat for crypto transactions. That comes with a high price as the country faces numerous frauds and scams, prompting some victims to take extreme actions. On Aug. 28, Hyungsoo Lee, the CEO of crypto yield platform Haru Invest, was stabbed during a court hearing by a man seated in the gallery. Lee was immediately taken to the hospital for treatment. Lee is on trial for allegedly embezzling $826 million in cryptocurrency from 16,000 Haru users. Witnesses told local reporters that the attacker was a regular attendee at Haru’s court proceedings and is believed to have deposited approximately 100 Bitcoin with the firm.
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Data from Cointelegraph Markets Pro and TradingView showed a lackluster Wall Street open for BTC/USD, which contrasted with stock markets. The bullish mood was led by Japan on the day, which saw the Nikkei 225 completely recover its record losses from earlier in the month. The index closed at 36,232 points, up 3.45% on the day. US equities also posted a promising start, with the S&P 500 and Nasdaq Composite Index up 0.8% and 1.4%, respectively, within the first hour. That strong performance was aided by the July print of the Producer Price Index (PPI), which came in below expectations — a key driver behind bets of interest rate cuts and increased capital flowing to risk assets.
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Bitcoin traders are on the verge of a $385 million liquidation if the price of the main cryptocurrency falls to $60,000. With the price of Bitcoin trending lower and volatility rising, the cryptocurrency market is in a difficult position. The Coinglass chart shows a large number of long positions at $60,000. This could lead to a further correction in the price of Bitcoin as these traders are forced to sell the cryptocurrency.
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Crypto traders are feeling excitement over XRP after a massive 35% price gain over the past week — with many speculating if the cryptocurrency is due for a potential breakout. “With XRP making an emergence this week, bullish narratives have erupted,” crypto analysis firm Santiment wrote in a July 16 X post following on from several crypto commentators who shared bullish predictions about XRP on the social media platform. “We might be about to witness one of the most significant breakouts in crypto history,” pseudonymous crypto trader Crypto Michael wrote on X, pointing to a bullish pennant pattern forming on XRP’s price chart over seven years — which appears when the price falls inside a triangle pattern following a strong move upside.
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Meanwhile, Arbitrum, which released $95 million in May and $105 million in June, is scheduled to drop another $75 million in tokens for its team, advisers and investors on July 16. The project also released 1.1 billion ARB tokens worth $2.32 billion on March 16. Since the huge unlock, ARB prices have dropped by 63%, from a high of $2.27 on March 8 to $0.82 at the time of writing. Optimism, Sui, Immutable and Starknet, which unlocked millions worth of their native tokens in the last two months, will also unlock similar amounts in July.
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As of now, Shiba Inu price stands at $0.0000175, with a recent 1.67% increase and a 116.76% rise in trading volume. The increase in Open Interest further demonstrates growing market confidence. While SHIB’s price movements are influenced by broader market conditions, its unique burn mechanism, favorable technical indicators, and strategic whale activities paint a promising picture. Investors should watch key resistance and support levels closely, as well as potential buy signals from the RSI and MACD. Shiba Inu continues to defy market trends, fueled by strategic burns and investor optimism. While volatility remains a constant companion in the crypto world, SHIB’s resilience and strategic initiatives may well position it for significant future gains
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Notcoin price, a Telegram-based cryptocurrency, has seen a surge in market activity in the past 24 hours following a bullish trend. The price is recovering after recent market corrections. The token hovered at $0.0157 with a 9% surge during the European trading session on Wednesday, according to CoinMarketCap data. The 24-hour trading volume reached $547 million, marking a significant increase in trading interest and liquidity for Notcoin. The market cap of Notcoin has reached $1.6, securing its position as the 53rd largest cryptocurrency by market capitalization. Notcoin Price Analysis: Is There a New Bull Run on the Horizon? Notcoin is making notable strides in cryptocurrency, recently surpassing the critical $0.015 value threshold. This surge in price is turning heads, especially with the potential for further growth paralleling Bitcoin’s upward trajectory. Notably, Notcoin reached an all-time high of $0.02896 on June 2, 2024, after hitting its lowest value of $0.004605 just days earlier on May 24, 2024.
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