Defunct crypto lender Celsius has distributed over $2.53 billion of the crypto and money that’s owed to its 372,000 eligible collectors.

In an Aug. 26 standing report, Celsius’s chapter plan administrator revealed that 68% of the agency’s collectors have been paid. The remaining distributions are primarily smaller payouts. To date, the bankrupt crypto lender has paid round 93% of the $2.73 billion that it owes.

121,000 Collectors Nonetheless Want To Obtain Their Distributions

Of the quantity that has been paid out to date, $1.43 billion was distributed utilizing both PayPal/Venmo. One other $917 million was paid out to collectors by way of Coinbase, whereas $178 million in money transfers have been despatched as effectively. Roughly 121,000 collectors haven’t but claimed a distribution as a result of complexity of the method. 

A number of the difficulties embrace “opening an account at PayPal with an identical date of delivery, opening an account at Coinbase with an identical e-mail deal with and date of delivery, or offering the PostEffective Date Debtors with correct wire directions and/or mailing deal with for a examine,” in accordance with the report.

Round 64,000 of the remaining collectors even have lower than $100 value of crypto. In the meantime, between $100 and $1,000 is owed to 41,000 collectors. These collectors “is probably not incentivized” to bear the claims course of given the small quantity that’s owed to them, mentioned the chapter administrator within the report.

Celsius To Set Up A Bitcoin Mining Firm As Half Of Accepted Reorganization Plan

A number of the funds shall be used to arrange a brand new Bitcoin mining firm by the title of Ionic Digital as a part of Celsius’s authorized reorganization plan. Frequent shares for this new mining firm will then be given to sure collectors. These shares are anticipated to make their strategy to the general public market ought to the required approvals be given.

Hut 8, a Miami-based mining firm, will oversee the brand new mining agency’s operations beneath a 4-year settlement.

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The Notcoin worth dropped 9% within the final 24 hours to commerce at $0.008470 as of 03:35 a.m. EST on buying and selling volumes that plunged 41% to $349 million.

NOT has been on a downtrend for the final three days following Pavel Durov’s arrest in Paris, France. It has adopted the identical pattern as Toncoin, a crypto asset carefully tied to the Telegram messaging app that plunged over 20% throughout the identical interval.

Notcoin’s integration of crypto options into the messaging app was additionally affected by the tumble.

Notcoin Value Prediction: NOT Goals For A Rebound

In line with knowledge from GeckoTerminal, the value of Notcoin has been on a downward pattern since Durov’s arrest, transferring inside a descending channel sample and falling from the $0.0125 resistance.

Nonetheless, the Notcoin worth appeared to have discovered assist at $0.008081, the place the bears have been rejected. NOT now trades up in the direction of the higher boundary of the falling sample.

NOT nonetheless trades beneath each the 50 and 200 Easy Shifting Common (SMA) on the hourly chart as nicely, coinciding with the current downtrend.

The Relative Energy Index (RSI) can also be buying and selling inside the impartial level at 42, which reveals that the value of Notcoin is in equilibrium and making ready for a possible breakout.

In line with the Notcoin worth evaluation, NOT goals for a bullish pattern reversal, as the value now soars from the decrease boundary of the falling channel. If this pattern continues, the bulls may propel the value to $0.0120.

Nonetheless, if the bears take management of the value at this stage, NOT may plunge again to the assist stage round $0.0080, appearing as a cushion towards downward stress.

Because the NOT worth goals for a restoration, buyers are speeding to purchase the brand new DOGE spinoff PlayDoge (PLAY)  with solely two days left till it launches on a decentralized alternate.

In line with analysts from the 99Bitcoins crypto channel, PLAY may soar 100X after launch.

PlayDoge (PLAY) Is Supercharging Retro Gaming

PlayDoge has amassed over $6.3 million in what has been an explosive ICO, and introduced that it’ll launch on Aug. 29 at 10 a.m. UTC.

PlayDoge isn’t just one other meme coin. It offers Tamagotchi a crypto makeover, with their PLAY token serving because the in-game foreign money.

Within the mobile-based play-to-earn (P2E) recreation, gamers take care of an 8-bit pixel Doge. Gamers get to feed, play mini-games, and bond with their digital pet, incomes PLAY tokens within the course of.

Other than incomes by means of P2E, token holders can earn passively by staking PLAY for a formidable 71% annual yield (APY).

You should purchase PLAY tokens for $0.00532 every. With the token set to launch in about two days, don’t wait round too lengthy if you wish to lock in the perfect deal.

Buy PLAY from the official web site right here utilizing BNB, USDT, or a financial institution card.

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The Bitcoin worth dropped 2% within the final 24 hours to commerce at $62.7k as of 4.45 a.m. EST on buying and selling quantity that surged 43% to $28.08 billion.

Regardless of the present worth drop, Bitcoin has seen some optimistic developments lately. In accordance with stories, spot Bitcoin ETFs (exchange-traded funds) within the US have seen elevated investor confidence, because the cumulative internet inflows hit a brand new ATH.

Knowledge from Farside Buyers reveals that Bitcoin ETFs noticed a internet influx of $202.6 million yesterday. This pushes the whole internet inflows in these funding merchandise above $18 billion. Commenting on the state of affairs, Bitget Pockets’s COO, Alvin Kan, speculated that traders are probably turning to extra steady belongings, and the surge in spot Bitcoin ETF investments displays their rising confidence in BTC.

As for Bitcoin itself, the coin noticed a significant worth surge on Aug. 23, which allowed it to breach the resistance at $61K and climb as much as $64K. Since then, the ccrypto traded sideways till it began seeing a slight drop within the final 24 hours.

Bitcoin Value Prediction

Bitcoin’s worth has been correcting for over 24 hours now, however in comparison with its surge on Aug. 23, the correction has not been practically as sharp. This additionally means that some merchants have determined to take revenue after the coin hit $64K, however this isn’t panic-selling by holders seeking to quickly eliminate their BTC.

Moreover, there’s potential for BTC to bounce again up within the close to future. Its Bollinger Bands on the 30-minute chart have narrowed lately, which is a bearish sign. Its worth can also be sticking to the decrease band, which confirms that there’s nonetheless some bearish sentiment out there.

Nonetheless, the coin’s Relative Energy Index (RSI) worth has been fluctuating between the impartial space and the oversold zone, which does trace at a potential rally within the close to future. With a powerful optimistic catalyst, Bitcoin may simply make up for the losses seen within the final day or so, and return to the resistance at $64K.

It’d even break this resistance and surge additional up, particularly since some specialists lately speculated that the coin may quickly shoot as much as $68K. Its present RSI worth definitely reveals that there’s loads of room left for development, so it’s not out of the query for BTC to see a powerful surge in days to come back. Nonetheless, its current fluctuations present that this can be a dangerous interval for the main crypto, so merchants intending to purchase within the close to future must be extraordinarily cautious.

Promising Various To Bitcoin

With Bitcoin correcting and trying to find its new backside, many traders are wanting into options that don’t carry loads of threat. One possibility out there at present might be present in Solana’s ecosystem, within the type of its most promising new GameFi token Mega Cube (DICE).

Mega Cube is a brand new, upcoming cryptocurrency of a longtime and moderately in style crypto on line casino that’s often known as Mega Cube. The on line casino has been permitting its prospects to put wagers utilizing cryptocurrencies for years, and is now making ready to launch its personal native token. With over 50,000 registered customers, greater than 10K month-to-month energetic customers, and over 4,000 video games and sports activities to wager on, this is without doubt one of the hottest gaming platforms round at present.

What’s extra, those that be part of the DICE presale and turn out to be Mega Cube holders will acquire entry to some distinctive advantages. They are going to be entitled to each day rewards that change relying on the on line casino’s efficiency, entry to restricted version NFTs, early chicken bonuses in the event that they be part of throughout the ICO, and even excessive referral rewards.

The DICE ICO has been occurring for a while now, and it’s presently on its option to its second million. Up to now, it raised $1.75 million, and is just $250K away from the following massive milestone. As for the challenge’s DICE token, it presently sells for under $0.110529. You should buy it utilizing both SOL, ETH, or BNB.

The challenge can also be within the ultimate phases of its $2.25 million airdrop, which was cut up into three seasons. Seasons 1 and a pair of have already ended, however season 3 remains to be ongoing. There’s nonetheless an opportunity so that you can be part of and win the cash. All it’s essential do is wager $5K or extra in a 21-day interval. A well-liked crypto YouTuber by the title of TodayTrader defined all the pieces in his video, together with tips on how to qualify for the DICE airdrop.

Go to DICE’s official web site.

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The Ethereum worth has been on a seesaw movement up to now few weeks, oscillating between the $2,500 and $2,750 zone. The altcoin struggled to make a mark up to now week, as its worth fell to as little as $2,400 in some unspecified time in the future.

Whereas the value efficiency of the Ether token has been uninspiring in latest months, an analyst has put ahead an argument to help the place that the second-largest cryptocurrency would possibly nonetheless be in a bullish pattern. 

Right here’s Why The ETH Worth By no means Stopped Being Bullish

In a Quicktake publish on the CryptoQuant platform, an analyst with the pseudonym Crypto Sunmoon made an fascinating declare concerning the Ethereum worth. In response to the pundit, the value of the Ether token remains to be in a bullish pattern regardless of its sustained decline over the previous few months.

The rationale behind this declare is that ETH’s worth has managed to remain above its realized worth, which is at present appearing as an important on-chain help. For context, the realized worth of a cryptocurrency refers back to the common worth at which all cash in circulation have been final moved.

Supply: CryptoQuant

The realized worth metric provides perception into the general sentiment and habits of market members, significantly long-term buyers. Sometimes, when the precise worth of an asset is above the realized worth, it implies that the majority holders are in revenue, which provokes a bullish feeling out there.

In response to the Quicktake analyst, the flexibility of Ethereum to take care of its place above the realized worth bodes nicely for the final altcoin market. From a historic standpoint, a powerful Ethereum worth motion towards the realized worth appears to be a catalyst for the altcoin bull market.

Ethereum Worth In August

As of this writing, the value of ETH stands at round $2,517, reflecting a mere 0.6% decline up to now 24 hours. This negligible worth change doesn’t fairly inform the story, although, because the Ethereum worth has fallen to as little as $2,440 up to now day.

In the meantime, the altcoin has declined in worth by almost 9% within the earlier week, based on information from CoinGecko. This final seven-day efficiency underscores the inconsistencies and struggles of the Ethereum worth up to now few weeks.

In August, the value of Ether has fallen by greater than 23%, shedding the $3,000 stage as early as August 2.  After recovering from the multi-month low of $2,200, the altcoin’s worth has since been consolidating between $2,500 and $2,750. Nonetheless, Ethereum retains its place because the second-largest cryptocurrency, with a market capitalization of greater than $301 billion.

The Ethereum worth on the every day timeframe | Supply: ETHUSDT chart on TradingView

Featured picture from Unsplash, chart from TradingView

The Tremendous Trump Coin worth surged over 10% within the final 24 hours to commerce at $0.006641 as of 6:07 a.m. EST as merchants rush to purchase the political meme coin.

The sturdy 24-hour efficiency by the STRUMP worth comes after former US President Donald Trump gained a 2% lead over his democratic rival Kamala Harris on the decentralized betting platform, Polymarket.

The Tremendous Trump Coin Value Making an attempt A Problem At Resistance

4-hour chart for STRUMP/USD (Supply: GeckoTerminal)

The Tremendous Trump Coin worth is trying to beat the resistance stage at $0.007102 after it bounced off the $0.005875 help stage in the previous couple of hours. Ought to STRUMP break above $0.007102 throughout the subsequent 12 hours, it may have the technical basis wanted to rise to the following mark at $0.008269 within the quick time period.

Nonetheless, STRUMP falling to shut a 4-hour candle above $0.007102 throughout the subsequent 12 hours may invalidate the bullish thesis. On this various situation, the meme coin could possibly be vulnerable to retesting the aforementioned $0.005875 help stage. Continued promote strain ought to the Tremendous Trump Coin worth fall to this stage may then result in it plunging to $0.004647.

Technicals Counsel The Tremendous Trump Coin Will Hold Rising

From a technical perspective, indicators on STRUMP’s 4-hour chart recommend the meme coin may preserve climbing within the coming 24 hours. Each the Shifting Common Convergence Divergence (MACD) and the Relative Energy Index (RSI) indicators are displaying indicators of a continuation of STRUMP’s constructive development.

Over the past 24 hours, the RSI has risen above the essential 50 benchmark to sign that consumers have gained the higher hand in opposition to sellers. As such, bulls may proceed to push the Tremendous Trump Coin worth greater. The constructive slope of the indicator suggests consumers are additionally nonetheless accumulating energy in opposition to their bearish counterparts.

In the meantime, a significant bullish technical flag is on the verge of being triggered by the MACD indicator on the 4-hour chart. That is because the MACD line has closed in on the MACD Sign line up to now few hours. An intersection between these two traces may point out that STRUMP has entered a short-term constructive development, which may consequence within the meme coin’s worth climbing extra.

Whereas STRUMP exhibits loads of bullish energy, traders are additionally shopping for into the brand new Base meme coin Base Dawgz (DAWGZ) earlier than it’s too late.

Teleporting Worth Between The Prime Blockchain Networks

Base Dawgz (DAWGZ) is a brand new meme coin that has been deployed on the flourishing layer-2 Base community. With the intention to climb the crypto ranks, the crypto presents unmatched interoperability. Powered by Wormhole and Portal Bridge expertise, DAWGZ permits traders to seamlessly switch worth between Base, Ethereum, Solana, Avalanche and the Binance Sensible Chain.

These are a few of the most energetic and liquid networks within the Web3 house. As such, builders are prone to launch DeFi yield-generating alternatives on these chains to maximise their publicity. Base Dawgz traders can subsequently faucet into these alternatives as quickly as they emerge no matter which of the chains the chance is on.

With its meme coin enchantment and unprecedented ranges of interoperability, it’s straightforward to see why analysts and consultants are enthusiastic about Base Dawgz. Crypto YouTuber Austin Hilton informed his 273K subscribers that he’s bullish on the challenge, revealing that he has additionally invested within the crypto.

Time Is Working Out For Traders To Unlock Excessive Staking Rewards

Base Dawgz has managed to lift greater than $3 million by means of its profitable ICO. There may be now lower than 48 hours till the presale will come to an finish. Because of this time is working out for traders to amass the token at a pre-market worth. Traders who haven’t but purchased the token may even miss out on the 776% APY accessible by way of the challenge’s staking program.

To realize entry to those rewards earlier than it’s too late, traders can purchase the token utilizing the easy widget embedded on the challenge’s web site. As soon as bought, the tokens then have to be locked up by way of the staking web page to unlock the excessive APY.

Presently promoting for $0.008173, DAWGZ could be purchased utilizing a handful of cryptos given the meme coin’s multi-chain presence. BASE, ETH, SOL, AVAX, BNB and SOL can all be used to purchase DAWGZ.

Buy and stake DAWGZ for the 776% APY right here earlier than its ICO ends.

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