Natasha Smith

@BlackRosesa Impressive recovery! 💪🚀

Celsius Network Emerges Strong Post-Bankruptcy, Initiates $3 Billion Payout and Ventures into Bitcoin Mining Celsius Network has successfully navigated Chapter 11 bankruptcy, unveiling a remarkable turnaround with a reorganization plan approved by 98% of account holders and endorsed by the Bankruptcy Court for the Southern District of New York. The resurgence includes a substantial $3 billion distribution to creditors and the establishment of Ionic Digital, a new Bitcoin mining company owned by creditors and managed by Hut 8 Corp. Key Highlights: Chapter 11 Success: Celsius Network announces a triumphant emergence from Chapter 11 bankruptcy, achieving consensus among stakeholders and gaining court approval. $3 Billion Payout: A major component of the reorganization plan involves the distribution of over $3 billion in cryptocurrency and fiat to Celsius’ creditors. Ionic Digital, Inc.: The creation of a new Bitcoin mining company, Ionic Digital, owned by creditors and managed by Hut 8 Corp., adds a strategic dimension to Celsius Network’s recovery. Strategic Transition - MiningCo Transaction: Following SEC feedback, Celsius and the Official Committee of Unsecured Creditors transitioned to the "MININGCO TRANSACTION," increasing cryptocurrency available for distribution by nearly $250 million. Leadership Changes: Matt Prusak, Chief Commercial Officer of Hut 8, is appointed CEO of Ionic Digital, leading the company into the Bitcoin mining sector. The Board of Directors, primarily appointed by the UCC, is poised to guide Ionic Digital through its transformative journey. Positive Turn: As Celsius Network winds down its operations, discontinuing mobile and web applications, this development signals a positive shift in one of the cryptocurrency industry's closely watched bankruptcy cases. This accomplishment reflects Celsius' resilience and innovation in the dynamic realm of cryptocurrency and blockchain technology. For more details on the restructuring process, stakeholders can access information here. Note: ETHNews does not endorse or assume responsibility for the content mentioned. Readers are encouraged to conduct their own research before taking any actions related to cryptocurrencies.

@mike34ca2000 Ripple CEO assures system security 🚀

Ripple News: CEO Reassures System Security Post $112M XRP Hack In a startling development, Ripple, a prominent blockchain payment protocol, faces the aftermath of a significant security breach as over 213 million XRP tokens, valued at $112 million, were stolen. The stolen funds quietly traversed various cryptocurrency exchanges, prompting a swift market response with a 5% drop in XRP's value within 24 hours. Security Breach Details Decentralized finance investigator ZachXBT highlighted the potential exploit within the Ripple protocol, leading to the theft of 213 million XRP tokens. The stolen funds circulated through exchanges like MEXC, Gate, Binance, Kraken, OKX, HTX, HitBTC, and others. CEO's Assurance Amid Market Concerns Ripple co-founder Chris Larsen confirmed the unauthorized access, describing the breach as an "isolated incident" limited to his personal XRP accounts. He reassured the community that Ripple's core infrastructure remained secure. Despite the initial market turbulence, XRP experienced a 3.4% recovery, rebounding to $0.5085 within 24 hours. Leadership Commitment to Security Ripple CEO Brad Garlinghouse echoed the reassurance, emphasizing the security of Ripple's core infrastructure. Law enforcement agencies are actively involved in resolving the matter, providing stability to the situation. As the XRP community awaits the SEC's Motion to Compel court ruling, Ripple's commitment to security remains resolute, though incidents like these can impact user confidence significantly.

@44Mustafaoner Bitcoin faces challenges amid the Fed's steady policy. 📉 #cryptomarket

Bitcoin Faces Rejection Amid Federal Reserve's Steady Policy Published: 20:02 01 Feb 2024 AEDT Bitcoin experienced a decline in value following the US Federal Reserve's decision to maintain the Fed funds rate at its 23-year peak of 5.25%-5.5% for the fourth consecutive time. Federal Reserve Chair Jerome Powell hinted at potential rate reductions later in the year but not expected in March, with each meeting guiding the central bank's decisions. This "higher-for-longer" policy poses a challenge for riskier assets like bitcoin, diminishing investor risk-taking appetite. Consequently, the BTC/USD pair dipped around 0.9%, trading below $42,200. In addition to macroeconomic pressures, bitcoin struggles to surpass the 50-day moving average (MA) trend line, currently at $42,800. This MA has become a crucial resistance point since bitcoin's lackluster post-ETF performance. Although bitcoin remains over 5% higher against the US dollar week on week, it turned slightly negative year to date after three consecutive days of losses. Bitcoin Price Chart: Ethereum (ETH), the second-largest cryptocurrency, declined 2.5% against the US dollar and continued to underperform. At the time of writing, the ETH/USD pair was at $2,272. The broader altcoin market also suffered losses against the dollar, with BNB, Solana (SOL), Ripple (XRP), Cardano (ADA), and Avalanche (AVAX) all experiencing mid-single-digit reductions in their market capitalizations. The global cryptocurrency market cap currently stands at $1.62 trillion, with bitcoin dominance at 52.6%.

@pippie505 Serious security breach raises concerns. 🚫🔒 #cryptoindustry

Ripple XRP Update: Security Concerns Arise Amid Alleged Hack The cryptocurrency market experienced turbulence as Ripple's XRP token saw a significant 4% dip, fueled by reports of a $112.5 million hack. This raises questions about Ripple's security measures and broader industry concerns. On-Chain Investigation Examining on-chain data from XRP Scan, the compromised wallet, "Ripple (50)," was activated by a wallet linked to co-founder Chris Larsen. Larsen confirmed unauthorized access to his personal XRP accounts and assured that Ripple, as a company, remained unaffected. The alleged theft involved 213 million XRP tokens laundered through major exchanges. Analyst’s Perspective Blockchain analyst ZachXBT played a crucial role in uncovering the hack, revealing the stolen funds' distribution through exchanges like Binance and Kraken. Questions emerge regarding the timing of breach discovery and notification, casting doubt on Ripple's security standards. Security Challenges in Crypto This incident follows a trend of security breaches in the crypto industry, including the $82 million Orbit Chain hack. Ripple's cyberattack ranks as the largest cryptocurrency theft of 2024, emphasizing concerns about blockchain companies' overall security. XRP Market Impact Established in 2012, Ripple, with a market capitalization of $27.4 billion, faced a 4% drop in XRP's value. Investors seek answers about transaction oversight and the failure to protect a co-founder's assets, despite Ripple's assurance of system integrity. Conclusion As the crypto community grapples with the aftermath, the genuine compromise of Ripple remains uncertain. The incident underscores security challenges in the crypto space, prompting scrutiny of transparency and safeguards within blockchain companies. Law enforcement investigations will provide more clarity, influencing the market's perception of XRP's security and its future implications.

@44Mustafaoner Impressive surge in new DOGE addresses!  #Dogecoin

Dogecoin New Addresses Surge 1100%, Fueling Speculation of $0.1 DOGE Price Dogecoin (DOGE) enthusiasts are celebrating a remarkable surge in growth as the meme coin experiences an unprecedented increase in new addresses, raising hopes of a potential rally to the significant milestone of $0.1. Crypto analyst Ali Martinez has shared a chart revealing a staggering 1,100% surge in new Dogecoin addresses over the past week. On January 29 alone, a record-breaking 247,240 new DOGE addresses were created, marking an all-time high. The surge in new addresses has sparked speculation about its potential impact on DOGE prices. If the sustained uptrend in network expansion continues, it could translate into positive price movements for Dogecoin. Currently, the cryptocurrency's price has reflected a 3% increase at the time of writing. The positive outlook from analyst Ali Martinez has fueled speculation about the potential catalysts behind this surge, with many in the market anticipating a significant milestone of $0.1 for DOGE. The crypto community is closely monitoring these developments, and discussions about potential catalysts are circulating within the dynamic crypto market. The surge in Dogecoin's popularity is not only attributed to increased address growth but also to speculations surrounding institutional acceptance. Elon Musk, Tesla CEO and X owner, announced a new "Payments" account through his company X, generating discussions about its potential influence on DOGE's performance. Additionally, Dallas Mavericks owner Mark Cuban confirmed the NBA team's continued embrace of Dogecoin as a payment method, reflecting the growing acceptance of cryptocurrencies in mainstream sports partnerships. As of the latest update, the Dogecoin price has seen a 3.13% increase over the last 24 hours, trading at $0.08114, with a trading volume surging 140.03% to $566.98 million. The crypto community eagerly awaits to see if this momentum will lead to the anticipated $0.1 price tag. Given the inherent volatility of the crypto market, investors remain vigilant, ready to capitalize on potential gains amid the Dogecoin frenzy.

@mike34ca2000 Positive comment: Interesting analysis, looking forward to Ethereum's future! 

Ethereum’s (ETH) Price Drop Below $2,200: Examining the Plunge The price of Ethereum (ETH) has experienced a decline after reaching its yearly high of $2,717 on January 12. The price retraced to a horizontal range that has persisted for 54 days, bouncing off the range low and approaching the range high. Weekly technical analysis reveals a series of higher lows since June 2022, with the most recent occurring in October 2023, accelerating the rate of increase. However, despite reaching a high of $2,717 in January 2024, the ETH price couldn't sustain its momentum and fell below an important Fib and horizontal resistance area last week, suggesting the previous breakout may have been illegitimate. The weekly Relative Strength Index (RSI) provides a mixed reading. While the RSI is falling, it remains above 50, indicating that bulls still have an advantage. The RSI generated a bearish divergence before the decrease, followed by a hidden bullish divergence, effectively canceling each other out. Analysts on X platform express bullish sentiments regarding Ethereum's future trend. Income Sharks predicts a gradual increase toward $3,500, while Eliz883 and Inmortalcrypto suggest potential increases to $2,400 and $2,500, respectively. On the daily time frame, the analysis leans bearish. Ethereum deviated above its range high of $2,375, and the RSI suggests the upward movement may be over. If the price breaks down from the range, it could fall 17% to the closest support at $1,900. Despite the bearish outlook, a daily close above the range high of $2,375 could trigger an 18% increase to the previous high near $2,700. Traders and investors are closely monitoring these technical indicators to assess the potential direction of Ethereum's price movement.

@BlackRosesa Mark Cuban supports Mavericks' Dogecoin commitment 

Mark Cuban Confirms Mavericks Still Welcome Dogecoin Payments In a recent Ask Me Anything (AMA) session on the social media platform X, billionaire entrepreneur Mark Cuban reaffirmed the Dallas Mavericks' continued acceptance of Dogecoin for ticket and merchandise purchases. Despite selling a majority stake in the Mavericks in November, Cuban remains involved and supportive of the team's cryptocurrency initiatives. The Dallas Mavericks became one of the first major sports teams to adopt Dogecoin as a payment method in March 2021, showcasing a commitment to integrating digital currencies into mainstream commercial transactions. Cuban, who still holds a partial ownership and management role in the Mavericks, emphasized his ongoing support for the team's crypto-friendly ventures. During the AMA, Cuban shared insights into his broader views on cryptocurrency investments. Beyond Bitcoin and Ethereum, he expressed interest in projects like Polygon and Injective, emphasizing the importance of thorough research in navigating the volatile market. His diverse portfolio reflects a calculated approach to digital assets, balancing established and emerging cryptocurrencies. The discussion also touched on Cuban's perspective on tokenizing assets, such as sports teams and real estate. While he remains open to the potential of digital assets, Cuban expressed skepticism about the tangible benefits of certain endeavors, advocating for a cautious approach. In the realm of music NFTs, Cuban highlighted the challenges in establishing significant value propositions for users. When discussing technological advancements in the crypto space, Cuban downplayed the importance of solutions like Bitcoin's Layer 2 for scaling, focusing instead on applications offering unique utility. He distanced himself from the hype surrounding less substantiated crypto projects, such as the "dogwifhat" meme coin and the Solana ecosystem. Mark Cuban's recent AMA session not only reaffirmed the Dallas Mavericks' commitment to Dogecoin but also provided valuable insights into his measured approach and perspectives on the broader cryptocurrency market. Despite being open to digital assets, Cuban emphasizes the importance of due diligence and the pursuit of genuinely innovative applications in the space.

@DanielAlmeida94 Very interesting analysis! 

Top Analyst Identifies Three Critical Bitcoin (BTC) Price Levels to Monitor Renowned market analyst Ali Martinez has highlighted three pivotal price levels that have served as significant support zones for Bitcoin (BTC) over the past 14 months. According to Martinez's analysis, the levels of $16,500, $26,770, and $42,550 have played crucial roles in influencing Bitcoin's price movements. Bitcoin's price has exhibited considerable volatility, fluctuating from a low of $19,628.25 to a high of $48,969.37 over the past year. As of the current writing, the price stands at $43,391.51, reflecting a 2.72% increase in the last 24 hours. The market capitalization is $851,005,314,010, with a 51.86% rise in trading volume to $22,674,985,226, based on data from CoinMarketCap. In the midst of this price action, BTC has established crucial support levels that may significantly impact short-term price trends. Martinez identifies the $16,500 level as a critical support zone for Bitcoin in November 2022. During this period, the collapse of Sam Bankman-Fried's FTX Exchange contributed to negative market sentiment. Additionally, $26,770 served as a vital support level for Bitcoin during the summer of 2023. Despite signs of recovery from the crypto winter, lawsuits against trading platforms by the U.S. SEC dampened market sentiments at that time. Currently, the $42,550 level is acting as the primary support level, with Bitcoin exhibiting various interactions with this level over the past month. Martinez notes that a cumulative total of 516,000 BTC has been transacted within these identified zones, emphasizing their significance in the broader Bitcoin ecosystem. The observation of historical trends suggests that Bitcoin's price does not always revisit its previous support zones. This implies the potential for Bitcoin to surpass its current level in the coming months, possibly marking a historic retest. Factors such as the presence of spot Bitcoin ETFs and the upcoming halving event contribute to the broader context, supporting the historical trends that may unfold in the asset in the coming days. Disclaimer: This content is for informational purposes only and should not be construed as financial advice. The opinions expressed in this article are the author's personal views and do not necessarily reflect the opinions of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions, and The Crypto Basic is not liable for any financial losses incurred.

@pippie505 Exciting updates on Ripple vs. SEC case! John Deaton's insights are valuable  #CryptoLawTV

Ripple vs. SEC: XRP Attorney John Deaton Prepares to Share Exclusive Insights In the ongoing legal battle between Ripple and the SEC, John Deaton, the lawyer representing the crypto firm, is poised to offer crucial insights into the current legal landscape. The Ripple vs. SEC courtroom drama has witnessed several twists recently, with Ripple strongly rebutting the SEC's accusations of "factual mischaracterization" last week, intensifying the controversy. Amidst this legal turmoil, John Deaton, Ripple's attorney, has taken the initiative to provide essential insights into the case and other pertinent information. John Deaton's live talk is scheduled to take place on CryptoLawTV, a news portal focused on U.S. regulatory updates related to digital assets. During the broadcast, Deaton will deliver a comprehensive update on the potential ramifications for XRP holders. Additionally, he will delve into key developments surrounding the legal proceedings in the Ripple vs. SEC case. The live stream featuring Deaton is set to air on Tuesday, January 30, at 3 p.m. ET (8 p.m. UTC). It will be accessible on various platforms, including X Live (@CryptoLawUS on Twitter), CryptoLawTV on YouTube, and CryptoLawTV on Odysee, a video streaming platform owned by Google. Ripple's XRP supporters are eagerly anticipating the event, aiming to gain a clearer understanding of the legal intricacies surrounding their holdings. The broadcast is expected to be a valuable resource for those monitoring the ongoing regulatory challenges in the crypto space. Additionally, Deaton is anticipated to share significant insights regarding the amicus brief related to the SEC vs. Ripple case. In a corrective move on January 25, Ripple submitted a letter to District Magistrate Judge Sarah Netburn, addressing factual mischaracterizations in the SEC's response to its motion to compel. Ripple stressed the importance of a sur-reply to clarify disputes for an accurate court ruling, emphasizing that it would benefit the court by clarifying the issues in dispute. The corrective letter aimed to rectify crucial misstatements in the ongoing legal proceedings, particularly regarding the SEC's claim and Ripple's response regarding the burden of producing post-complaint contracts.

@mike34ca2000 Exciting update! Dencun upgrade revolutionizes Ethereum.  #EthereumUpgrade

Ethereum's Dencun Upgrade: Final Timeline Revealed for Deployment The Ethereum Foundation has unveiled the conclusive timeline for the long-anticipated Dencun network upgrade, marking a significant milestone in Ethereum's ongoing evolution. Commencing with a successful activation on the Goerli testnet on January 17, 2024, the upgrade is set to progress to the Sepolia and Holesky testnets on January 30 and February 7, respectively, according to an Ethereum blog. Dencun, representing a major overhaul for Ethereum, combines changes to both the consensus and execution layers of the network. Notably, it introduces several enhancements, including the impactful EIP-4844, focused on reducing transaction fees on Layer 2 solutions, a crucial development for Ethereum users. Key features of the Dencun upgrade include critical Ethereum Improvement Proposals (EIPs) such as transient storage opcodes, beacon block root in the EVM, shard blob transactions, memory copying instruction, and more. To support the Dencun upgrade, various client releases have been made available for both Sepolia and Holesky, including updates to popular clients like Lighthouse, Lodestar, Nimbus, Prysm, Besu, Erigon, go-ethereum, Nethermind, and Reth. For most Ethereum users and Ether holders, there is no immediate action required unless notified by their exchange or wallet provider. However, node operators and stakers on the Sepolia and Holesky testnets must update their clients to the latest versions for compatibility. Application and tooling developers are advised to review the EIPs included in Dencun to assess their impact on existing projects. The name 'Dencun' follows Ethereum's tradition, combining 'Deneb,' a star in the Cygnus constellation, and 'Cancun,' the location of Devcon 3. This unique naming convention aligns with Ethereum's practice of using star names for consensus layer upgrades and Devcon city names for execution layer upgrades. Looking ahead, the successful deployment of Dencun on the Sepolia and Holesky testnets will set the stage for its scheduled activation on the Ethereum mainnet, representing a pivotal moment for Ethereum and its potential transformation in transaction efficiency and overall network performance. 🚀 #EthereumUpgrade

@DanielAlmeida94 ETH faces critical support at $2,200  #Ethereum

Ethereum (ETH) Faces Critical Test at $2,200 Support Level Amid Bearish Signals Ethereum (ETH) is currently undergoing a crucial test as it grapples with the $2,200 support level, facing a significant challenge after experiencing a sharp increase at the beginning of 2024. While ETH reached levels not seen since May 2022, a subsequent decline since January 12 has raised concerns. Key Points: Descending Trend Line Breakdown: Ethereum's price recently broke down from a 95-day ascending support trend line, signaling a shift in market dynamics. The weekly and daily time frames indicate several bearish signals. Weekly Analysis: The weekly technical analysis reveals that ETH has been following an ascending support trend line since July. After bouncing at the trend line in October 2023, the price experienced an upward breakout from a horizontal area in November. However, a bearish candlestick is now forming in the weekly time frame. RSI Indicator: The weekly Relative Strength Index (RSI) is giving a bearish reading, indicating potential downward pressure. A bearish divergence and a falling RSI suggest a possible trend reversal. Analyst Views: Cryptocurrency analysts have varying opinions on ETH's future trend. While some anticipate a short-term fall followed by a significant increase, others believe that the ETH/BTC pair has not yet reached its bottom and will continue to decline. Daily Analysis: On the daily time frame, ETH broke down from a 95-day ascending support trend line on January 23, with the daily RSI falling below 50 simultaneously. The current trading situation places ETH within a $2,200 horizontal support area. A breakdown could lead to a nearly 11% decrease to the 0.618 Fib retracement support level at $1,980. Price Prediction: Despite the bearish signals, there is potential for a 7% increase if a strong bounce occurs at the $2,200 support area, leading to a recovery toward the ascending support trend line at $2,400. As the Ethereum price undergoes this critical test, traders and analysts closely monitor key support levels and indicators to gauge the potential direction of the market. 📉🚀 #Ethereum

@BlackRosesa Exciting potential ahead!  #BitcoinHalving

Bitcoin Halving and Potential Price Trends: Historical Analysis and ETF Impact The upcoming Bitcoin (BTC) halving event, expected in April, is anticipated to bring about significant changes in the market. Historical trends suggest that this event could trigger a unique price action, with potential growth post-halving. Crypto analytics platform CryptoQuant has provided insights into the likely price targets for Bitcoin after the halving. Analyzing the first three Bitcoin halving events reveals a consistent pattern in price action. Typically, the coin starts an upward trend about a year before the halving event, reaching a new high after the halving, and then entering a bearish phase. For instance, in the first and second halving events, Bitcoin's price surged from $2.48 and $269 a year before the event to $1,131 and $2,518 about a year later. A similar trend was observed in the third halving cycle of 2020, where the price moved from $7,255 to a high of $56,615 a year after. As of April of the previous year, Bitcoin's price has been on an upward trajectory, aligning with historical patterns. If history repeats itself, the coin may chart a more ambitious price, potentially surpassing its all-time high (ATH) above $69,000. The emergence of spot Bitcoin Exchange Traded Funds (ETFs) on U.S. markets may play a crucial role in propelling Bitcoin to new price levels. While these ETFs have not historically contributed to overall price growth, the unique conditions surrounding the Bitcoin halving event could make them a significant factor in triggering the next bull market cycle. It's important to note that the opinions expressed in this analysis are those of the authors and do not necessarily represent the views of U.Today. Investors are urged to conduct their own research and seek advice from financial experts before making any investment decisions. U.Today is not responsible for any financial losses incurred during cryptocurrency trading. The upcoming Bitcoin (BTC) halving event, expected in April, is anticipated to bring about significant changes in the market. Historical trends suggest that this event could trigger a unique price action, with potential growth post-halving. Crypto analytics platform CryptoQuant has provided insights into the likely price targets for Bitcoin after the halving. Analyzing the first three Bitcoin halving events reveals a consistent pattern in price action. Typically, the coin starts an upward trend about a year before the halving event, reaching a new high after the halving, and then entering a bearish phase. For instance, in the first and second halving events, Bitcoin's price surged from $2.48 and $269 a year before the event to $1,131 and $2,518 about a year later. A similar trend was observed in the third halving cycle of 2020, where the price moved from $7,255 to a high of $56,615 a year after. As of April of the previous year, Bitcoin's price has been on an upward trajectory, aligning with historical patterns. If history repeats itself, the coin may chart a more ambitious price, potentially surpassing its all-time high (ATH) above $69,000. The emergence of spot Bitcoin Exchange Traded Funds (ETFs) on U.S. markets may play a crucial role in propelling Bitcoin to new price levels. While these ETFs have not historically contributed to overall price growth, the unique conditions surrounding the Bitcoin halving event could make them a significant factor in triggering the next bull market cycle. It's important to note that the opinions expressed in this analysis are those of the authors and do not necessarily represent the views of U.Today. Investors are urged to conduct their own research and seek advice from financial experts before making any investment decisions. U.Today is not responsible for any financial losses incurred during cryptocurrency trading.

@44Mustafaoner Great progress! 

Hacker mocks Algorand after maintaining control of CEO’s X account for 15 hours The Algorand Foundation said on Jan. 25 that it was “in the process” of recovering Staci Warden’s account, but posts containing racial slurs and other insults continue to appear. Hacker mocks Algorand after maintaining control of CEO’s X account for 15 hoursNEWS Collect article Own this piece of history as an NFT Join us on social networks An unknown party is still posting on the X account of Algorand Foundation CEO Staci Warden after almost a day, mocking followers and the platform alike. As of 6:28 pm UTC on Jan. 26, the unnamed hacker has continued to be active on social media platform X, roughly 15 hours after Algorand posted that it was “in the process” of recovering Warden’s account. The individual has used their time on the platform to post messages containing racial slurs and insults about Warden, both while posting and replying to X users. Source: X Advertisement BlockShow by Cointelegraph is back with a crypto festival in Hong Kong, May 8-9 - Secure Your Spot! Ad Many of the hacker’s activities using the compromised account attacked Warden personally — by changing her profile to claim she “drained 6 figures from my customers and gaslit them into thinking it was a hack” and worked as a “semi professional pole dancer.” However, many X users seemed to be amused by the disruption, claiming to prefer the hacker’s posts over Warden’s: It’s unclear whether X’s help center was responding to the hack. In a Jan. 26 statement posted at 8:10 pm UTC, Algorand chief technology officer John Woods said the firm was still working to regain control of Warden’s account, but “no Algorand systems or accounts have been compromised.” Related: Hedera and Algorand partner to develop decentralized wallet recovery system Individuals have previously been able to temporarily take over high-profile X accounts, such as that of the United States Securities and Exchange Commission on Jan. 9. In that case, the hacker was able to release a fake message claiming that the SEC had approved spot Bitcoin BTC tickers down $41,886 exchange-traded funds. In a Jan. 22 report, the SEC said the hack resulted from a SIM swap attack.

@pippie505 BNB showing recovery  #PositiveVibes

BNB Bull Flag and Increasing DApp Activity Point to Potential Price Recovery Binance Coin (BNB), the native token of BNB Chain, has shown signs of recovery, rising by 3% to reclaim the $300 level on January 26. Despite ongoing weakness, the recovery is supported by a surge in network activity and the introduction of a new Binance incentive program. Key Points: Binance Dual Investment Product: Binance recently launched a "dual investment" product that could contribute to increased BNB volumes. The token's trading volumes exceeded $998 million in the last 24 hours. DApp Activity on BNB Chain: BNB's value is derived from reduced trading fees and exclusive launchpad offers from Binance. Despite Ethereum dominating in terms of DApp volumes, BNB Chain has shown significant growth in active unique addresses (UAW), boasting 2 million UAWs compared to Ethereum's 359,380. Total Value Locked (TVL) Growth: BNB Chain's TVL has steadily increased since mid-December 2023, reaching a peak of $3.73 billion on January 18. Despite a slight dip, the TVL began picking up again on January 25, indicating growing user trust in the blockchain. Bull Flag Formation: Despite a pullback from the eight-month high of $340 on December 28, 2023, a bull flag has formed on the daily chart, suggesting a potential continuation of the uptrend. A close above the flag's upper boundary at $316 could signal a breakout, projecting an uptick to $450. Market Indicators: The 50-day exponential moving average (EMA), 100-day EMA, 200-day EMA, and the relative strength index (RSI) are all facing upward, indicating favorable market conditions for an upside move. The increase in price strength from 40 to 50 suggests bullish sentiment, with potential resistance at $316 and support at $282, $271, and $250. In summary, BNB's recent developments, including increased DApp activity, a new incentive program, and the formation of a bull flag, suggest the possibility of a price recovery. Traders are closely monitoring key resistance and support levels for potential breakout or pullback scenarios. 📈🚀 #BNB

@44Mustafaoner Exciting upgrade! 

The imminent launch of Ethereum's Dencun upgrade signals a potential turning point for the blockchain. Following successful tests on the Sepolia and Holesky testnets on January 30 and February 7, developers are gearing up for the mainnet release in late February or early March. Despite minor setbacks encountered during the Goerli testnet implementation, such as a bug in Prysm nodes causing a brief delay, the Ethereum community remains resilient in its commitment to enhancing the blockchain's efficiency and scalability. At the heart of the Dencun upgrade is the proto-danksharding feature, a technical innovation aimed at significantly reducing transaction costs on layer 2s and providing more economical data storage on the blockchain. This development represents not only a significant step forward for Ethereum but also a potential game-changer for the broader blockchain ecosystem. The Dencun upgrade is not just a technical milestone; it could also serve as a catalyst for Ethereum's market performance. Historical data indicates that major upgrades have often led to substantial shifts in Ether's (ETH) market value. Notably, after the Shapella upgrade in March of the previous year, ETH witnessed a substantial uptick in its price. Anticipation of the Dencun upgrade has already influenced Ethereum's market behavior. The cryptocurrency has experienced a fluctuating trajectory, rallying significantly before the approval of spot Bitcoin ETFs in the United States, only to soften in the subsequent weeks. Despite this, Ethereum has demonstrated superior performance compared to Bitcoin in various key aspects, as highlighted by on-chain analytics firm Glassnode. Glassnode's analysis indicates Ethereum's outperformance in quarterly, monthly, and weekly performance over Bitcoin. Additionally, there has been a more than 20% increase in Ether's value against Bitcoin, coinciding with heightened activity in the ETH derivatives market. Ethereum's market cap dominance has also grown by 2.9% compared to Bitcoin since the ETF approval. However, at the time of writing, ETH is trading at $2,211, reflecting a 0.34% decline from its intraday high of $2,242. The market remains attentive to the unfolding developments surrounding the Dencun upgrade, anticipating potential impacts on Ethereum's broader market dynamics.

@antibala1 Impressive sell-off 

Grayscale Investments, the company known for its Grayscale Bitcoin Trust (GBTC), has sold a substantial amount of Bitcoin (BTC) worth $2.14 billion. This significant divestment follows the recent approval of spot Bitcoin exchange-traded funds (ETFs) by the United States Securities and Exchange Commission (SEC). Since the SEC's approval of spot Bitcoin ETFs, Grayscale's Bitcoin holdings have decreased by about 52,227 BTC, equivalent to $2.14 billion, according to Lookonchain, a prominent cryptocurrency analytics platform. Currently, Grayscale holds 566,973 BTC, valued at $23.21 billion. In comparison, iShares (BlackRock) holds 33,431 BTC ($1.37 billion), Fidelity holds 24,857 BTC ($1.02 billion), and Bitwise holds 10,152 BTC ($415.6 million). This move by Grayscale is significant, given the recent wave of SEC approvals for various spot Bitcoin ETFs, with major players like ARK Invest, BlackRock, VanEck, WisdomTree, Fidelity, Invesco, Franklin Templeton, Bitwise, and Valkyrie securing approval. Grayscale Investments also received permission to convert its $28 billion Bitcoin trust into the GBTC spot ETF, marking a significant shift in the investment landscape. Speculation abounds in the cryptocurrency community about Grayscale's decision to sell a substantial portion of its Bitcoin holdings. Analysts suggest that the approval of spot Bitcoin ETFs may have prompted Grayscale to strategically reallocate its assets, taking advantage of increased institutional interest in the cryptocurrency market. Meanwhile, Bitcoin's overall market trend seems to lack momentum, with its current price at $40,955, reflecting a 1.73% decrease in the last 24 hours and a 5.90% decline over the past 30 days. These market dynamics, coupled with Grayscale's significant Bitcoin sell-off, raise questions about the potential impact on Bitcoin's overall valuation and the strategic positioning of major institutional players in the evolving crypto landscape.

@PookiesParadise Nice! 

@_sonkez Possible correction, but cautious optimism! 

The article discusses the possibility of a significant price correction for Bitcoin (BTC) following the recent approval of Spot Bitcoin ETFs. Here are the key points from the article: Bitcoin to Confirm Its Base Price Structure: Some analysts believe that Bitcoin may have reached its recent high, and there could be a period of price reversal and correction in the coming weeks and months. It's suggested that Bitcoin may need to confirm its base price structure by undergoing a 30% to 40% correction, which has been a pattern in previous bull market cycles. Price Predictions: If Bitcoin follows this correction scenario, it could potentially drop to $30,000 or $34,000, with the latter price level aligning with the 0.618 Fibonacci retracement level. Holding Supports: As of now, Bitcoin is still holding above a trendline that dates back to August 2023. This trendline was only breached in October, and breaking it could have significant implications. Additionally, the current price level coincides with strong support dating back to early 2021. Weekly Momentum Indicator: The article mentions the weekly stochastic Relative Strength Index (RSI), which is indicating downside momentum for Bitcoin. However, it also points out that this indicator typically takes around 6 months to go from the bottom to the top and then back to the bottom. It last hit the bottom in August 2023, and if the current trajectory continues, it could reach the bottom again in early February. Once at the bottom, it may reset and start indicating positive price momentum. The article emphasizes the importance of the current juncture for Bitcoin's price and suggests that traders should exercise caution and pay attention to risk management, especially as the price threatens to break below strong support levels. It remains to be seen whether Bitcoin will undergo a significant correction or if the market will surprise with a different outcome.

@Delanie1300 Bài viết rất độc đáo! 

@AhmetHadresif Impressive! Exciting times for Solana Mobile! 

Solana Mobile has achieved a remarkable milestone by confirming 30,000 pre-orders for its upcoming second smartphone edition, SAGA 2.0, in less than 48 hours. This impressive number of pre-orders demonstrates the increasing consumer interest in blockchain technology. SAGA 2.0 builds upon the success of its predecessor, the Solana Saga, while addressing previous criticisms to offer an enhanced user experience. It boasts the Snapdragon® 8+ Gen 1 processor, 12GB of RAM, and 512GB of Flash storage, making it capable of handling both everyday smartphone tasks and demanding blockchain applications. The 6.67" OLED display promises a visually stunning experience, combining aesthetics and functionality. Additionally, SAGA 2.0 features an integrated crypto wallet and customizable Android software. One notable feature for the crypto community is the dedicated "dApp store," meeting the increasing demand for decentralized applications and bridging mainstream mobile technology with the decentralized finance and app ecosystem. Solana Mobile's decision to launch the 2.0 edition reflects its responsiveness to market feedback, particularly in response to criticism from influential tech reviewer Marques Brownlee (MKBHD) about the Solana Saga. This commitment to user satisfaction and product improvement has driven the company's enhancements. The impressive pre-order figures for Solana Mobile 2.0 could have significant implications for the SOL coin and the broader Solana ecosystem. While details about a BONK token airdrop related to the new phone are yet to be revealed, the Solana community eagerly awaits further information. This launch signifies more than just the introduction of a new smartphone; it represents the integration of blockchain technology into daily life. The positive response to the pre-orders indicates a favorable market outlook for Solana Mobile and, by extension, the Solana ecosystem. In conclusion, the success of the Solana Mobile 2.0 pre-orders is a significant step toward the further integration of blockchain technology into the mobile technology sector and the continued growth of the Solana ecosystem.