Category Archives: Bitcoin

Compound Price Prediction for Today, May 14 – COMP Technical Analysis

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The Compound worth prediction is heading towards the higher boundary of the channel as the worth touches the every day excessive at $56.74.

Compound Prediction Statistics Information:

  • Compound worth now – $54.7
  • Compound market cap – $435.2 million
  • Compound circulating provide – 8.1 million
  • Compound whole provide – 10 million
  • Compound Coinmarketcap rating – #142

COMP/USD Market

Key Ranges:

Resistance ranges: $75, $80, $85

Assist ranges: $40, $35, $30

Compound Price Prediction for Today, May 14 – COMP Technical Analysis

COMPUSD – Each day Chart

COMP/USD is prone to cross above the 9-day and 21-day shifting averages to the touch the every day excessive at $56.74. On the time of writing, the Compound is altering palms at $54.77, having gained over 1.74% for the reason that starting of the European session. Nonetheless, with newest the restoration, the coin is prone to transfer close to the higher boundary of the channel.

Compound Value Prediction: Would COMP Cross Above $60?

The Compound worth is presently forming a bullish motion because the bulls push the worth to the touch the shifting averages. Nonetheless, if the bulls start the upward development, COMP/USD could seemingly cross above the higher boundary of the channel which might hit the resistance ranges of $75, $80, and $85. In different phrases, any robust promoting stress could drag the worth towards the decrease boundary of the channel if the bears step again into the market.

Nonetheless, if the Compound slides and face the south, the bears might convey the worth to the helps of $40, $35, and $30. In the meantime, the 9-day shifting common could must cross above the 21-day shifting common to point a attainable bullish motion throughout the channel.

COMP/BTC Strikes within the Identical Route

In opposition to Bitcoin, the Compound worth retains shifting sideways however the present market motion could comply with an uptrend if the patrons push the worth above the 9-day and 21-day shifting averages to face the higher boundary of the channel.

Compound Price Prediction for Today, May 14 – COMP Technical Analysis

Compound Price Prediction for Today, May 14 – COMP Technical Analysis

COMPBTC – Each day Chart

Furthermore, because the 9-day MA continues to hover across the 21-day MA, as soon as it crosses and heads towards the north, the market worth could resume an upward development which might hit the resistance degree of 1200 SAT and above. In the meantime, any bearish motion towards the decrease boundary of the channel might decrease the worth to the assist degree of 600 SAT and beneath.

In his perspective, @o_erycc shared together with his followers on X (previously Twitter) his evaluation of $COMP, indicating {that a} breakdown has occurred‼️ Anticipating a big downturn.

Compound Alternate options

The Compound worth on the every day chart signifies potential bullish motion, though the 9-day shifting common has but to surpass the 21-day shifting common. This implies the development is nearing its conclusion, significantly because it dips beneath the every day excessive of $56.74, indicating weakening momentum. In the meantime, the Dogeverse token has entered its closing section, providing buyers the possibility to safe it on the present presale charge earlier than its change debut. With over $15 million raised in presale funds, the token is poised for its official launch quickly.

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Michael Saylor Says Wall Street, Congress And Senate ‘Want Bitcoin’

The crypto business is popping champagne corks (or maybe uncorking their digital wallets) after a shock victory within the US Senate. On Thursday, the higher chamber voted 60-38 to repeal a controversial rule launched by the Securities and Change Fee (SEC) referred to as SAB 121.

The Regulators Reel Again

The defeated rule would have pressured banks holding digital property for purchasers to categorise them as liabilities on their stability sheets. This, based on the Digital Chamber of Commerce, the main blockchain commerce affiliation, would have successfully shut the door on banks providing Bitcoin custody companies.

Business consultants argued that SAB 121 lacked financial justification and primarily served to stifle innovation by limiting entry to safe storage options for digital foreign money buyers.

Austin Campbell, founding father of Zero Information Consulting, went additional, suggesting the rule “advantages non-regulated custodians,” probably leaving crypto holders uncovered.

A Bipartisan Shock: Democrats Be part of The Crypto Refrain

The Senate vote wasn’t merely a victory for the crypto business; it was a stunning show of bipartisan cooperation. As many as 12 Democrats defied celebration strains to vote alongside Republicans in favor of repealing the rule.

This surprising alliance displays the rising mainstream recognition of cryptocurrency, bolstered by Bitcoin’s latest achievement of gaining a spot exchange-traded fund (ETF) earlier this 12 months.

Michael Saylor, a vocal Bitcoin advocate and co-founder of MicroStrategy, which holds an enormous Bitcoin treasury, took to social media to have a good time, declaring, “Wall Road needs Bitcoin, the Home of Representatives needs Bitcoin, and now the Senate needs Bitcoin.”

Bitcoin is now buying and selling at $67.139. Chart: TradingView

The Last Hurdle: Can Crypto Outrun The Veto?

Whereas the Senate vote is a big win, the champagne corks would possibly have to be put again on maintain for now. United States President Joe Biden has beforehand expressed help for the SEC’s method to regulating cryptocurrency, and the White Home has indicated he could veto the decision.

This throws the way forward for the repealed rule into uncertainty. Business gamers are cautiously optimistic, with Compound Labs’ Robert Leshner calling this a “first of many” legislative victories for crypto. Nonetheless, the specter of a veto looms massive, reminding everybody that the battle for mainstream acceptance of cryptocurrency is much from over.

The cryptocurrency business is clearly gaining traction in Washington, however the street to full regulatory readability stays bumpy. With a possible veto on the horizon, the subsequent few weeks can be essential in figuring out whether or not this Senate victory interprets into lasting progress for crypto in america.

Featured picture from Getty Pictures, chart from TradingView

ADA Price Surge Could Push Ratio Of Holders In Loss Below 55%

Cardano (ADA), the proof-of-stake blockchain community identified for its sensible contracts, has defied latest predictions of a fall from the highest 10 cryptocurrency rankings by market cap.

In a shocking transfer, ADA has as a substitute turn into the highest performer amongst main cash, experiencing a 7% surge within the final 24 hours. This worth motion has ignited discussions about ADA’s potential to revisit its 2021 glory days, when it reached a peak of $3.10.

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A Story Of Two Whales: Retail Accumulation Vs. Revenue Taking

The latest worth enhance might be attributed to 2 key components: a surge in shopping for strain and a possible upcoming “battle of the whales.”

On-chain knowledge reveals that retail traders, the so-called “whaley” lots, have been accumulating ADA aggressively, notably between $0.48 and $0.50. This massive cluster of patrons might act as a assist system if the worth reaches that degree.

Nonetheless, lurking beneath the bullish sentiment is a possible impediment. Knowledge exhibits that solely 40% of present ADA holders are in revenue.

A worth enhance to $0.49 could possibly be notably vital, because it might push the ratio of holders in loss under 55%. This milestone might set off additional shopping for strain as extra traders see a chance to maneuver into revenue territory.

Supply: IntoTheBlock

Whales Return? On Quantity And Market Cycle

Cardano’s worth rally can also be being fueled by a big rise in buying and selling quantity, reaching a weekly excessive of $461 million in response to Santiment. This surge in exercise signifies rising curiosity in ADA, which might propel the worth additional upwards.

ADA worth motion within the final 24 hours. Supply: Coingecko

However can this momentum be sustained? The reply may lie with the “authentic whales,” the massive traders who maintain a good portion of the cryptocurrency.

Apparently, the present distribution of ADA shares some similarities with the market situations in 2021, when the worth hit $3. Again then, whales held roughly 6% of the overall provide. At present, that quantity sits at almost 7%, suggesting a possible return of those large gamers.

Complete crypto market cap at the moment at $2.3 trillion. Chart: TradingView

Nonetheless, analysts warning that the success of this “whale comeback” narrative relies upon closely on the broader market cycle. If the present bull market reaches its peak, ADA’s worth progress could possibly be restricted, hindering its capacity to revisit its all-time excessive.

Can ADA Defy The Odds?

Cardano’s latest worth surge has instilled a way of cautious optimism within the cryptocurrency group. Whereas the sturdy shopping for strain from retail traders and the potential return of whales are optimistic indicators, the profitability of present holders and the unpredictable nature of the market cycle pose challenges.

Associated Studying

Within the coming weeks, it is going to be essential to watch whether or not ADA can overcome the promoting strain at $0.49 and maintain its upward trajectory. If buying and selling quantity continues to rise alongside the worth, and if the present bull market holds, ADA may simply shock everybody and revisit its much-anticipated $3 mark.

Featured picture from Pexels, chart from TradingView

Gary Vee’s NFT Firm, VeeFriends, Launches A Presale For Its Character Cap Collection

VeeFriends, a non-fungible token undertaking from American businessman, speaker, and web character Gary Vaynerchuk, has introduced the top of the declare interval for its character cap assortment. VeeFriends has now rolled out a holder presale for these character cap collections.

VeeFriends Launches A Presale For Its NFT Caps

In a Might 14 weblog submit, VeeFriends introduced the launch of a public presale for its character cap assortment after the declare interval ended. The NFT holders’ presale, which formally began immediately, will run for 2 days and finish late this week on Might 16, 2024.

Based in 2021, VeeFriends is an modern leisure crypto firm that enhances its mental property via distinctive artwork, compelling storytelling, and collectibles. VeeFriends is famend for designing attire collections that includes a few of its favorite characters, now accessible in lots of retail retailers throughout the US.

Gennady Vaynerchuk, extra generally recognized within the crypto group by his alias Gary Vee, is the brainchild behind the VeeFriends Firm. Vee is a crypto businessman, creator, speaker, and web character. VeeFriends is the overarching identify of Gary Vee’s NFT assortment, launched on Might 11, 2021.

VeeFriends Character Cap Assortment Overview

Earlier this month, VeeFriends launched its character cap assortment, an unique crypto undertaking permitting non-fungible token holders and different crypto fans to safe a non-fungible token-inspired cap. This cover options artwork characters equivalent to Bold Angel, Devoted Dragonfly, Gifted Gopher, Unwavering Urchin, Outgoing Octopus, and Fearless Fairy.

Throughout this presale interval, non-fungible token collectors holding the VeeFriends Collection 1 NFTs may have an opportunity to say one hat from Bold Angel, Devoted Dragonfly, Gifted Gopher, and Unwavering Urchin character cap assortment, whereas NFT collectors holding the VeeFriends Collection 2 NFTs may have an opportunity to say one hat from the Outgoing Octopus and Fearless Fairy character cap assortment.

Within the meantime, VeeFriends has introduced {that a} public sale will open this Thursday at 12 PM ET. VeeFriends anticipates utilizing this initiative to resume some hope in NFT and crypto buyers, who’re primarily affected by the current brutal bear market. Gary Vee’s VeeFriends joins a quickly rising listing of NFT tasks incentivizing their clients amid this bear season.

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Bitcoin Investor Sentiment Witnesses Bullish Shift – BTC Price To $70,000 Soon?

After hitting an all-time excessive of $73,737 in mid-March, the worth of Bitcoin has not been capable of maintain itself at a excessive degree of vigor and power. The premier cryptocurrency did, in truth, enter a brand new period with the April halving occasion, however its value efficiency prior to now weeks has but to mirror this.

Nonetheless, Bitcoin loved a stroke of fortune prior to now week, with its value climbing above $67,000 for the primary time in practically a month. Though the sentiment across the crypto market and its chief has not been notably encouraging in the previous few weeks, the current bullish rally appears to be driving a shift in that regard.

Can Bullish Sentiment Push BTC Worth To $70,000?

In keeping with a current report by on-chain analytics agency Santiment, the sentiment of the crypto crowd has shifted towards Bitcoin following its newest rally above $67,000. This revelation is predicated on the Weighted Sentiment metric, which measures the general constructive or adverse sentiment in the direction of a cryptocurrency.

This indicator is predicated on two sub-metrics; specifically sentiment rating and social quantity. The sentiment rating metric checks whether or not the group is adverse or constructive concerning the asset, whereas social quantity tracks the overall quantity of dialogue round an asset on social media.

Weighted sentiment is a product of each sentiment rating and social quantity. And there’s a vital change within the metric when the social quantity is excessive and there’s a distinct common sentiment (both constructive or adverse).

Supply: Santiment/X

In keeping with Santiment, Bitcoin’s weighted sentiment not too long ago hit its most bullish degree since January, triggered by the newest value surge. The final time sentiment across the premier cryptocurrency was this bullish was after the Securities and Alternate Fee permitted BTC spot ETFs in the USA.

Curiously, Bitcoin will not be the one high 20 cryptocurrency having fun with a constructive sentiment in the meanwhile. Sentiment’s knowledge reveals that the Chainlink (LINK) token, which has seen its worth swell by practically 20% prior to now week, is witnessing its most bullish sentiment in over a yr.

Whereas a bullish sentiment will not be essentially a foul signal, FOMO (concern of lacking out) can simply set in consequently, usually resulting in a value crash. Santiment did be aware in its posts that “FOMO staying low” is important for a sustained Bitcoin value rally and a possible transfer to $70,000.

Bitcoin Worth At A Look

As of this writing, Bitcoin is valued at $66,924, reflecting a 2.3% enhance prior to now day. Extra notably, the premier cryptocurrency is up by 10% on the weekly timeframe.

Bitcoin

Bitcoin value hovers round $67,000 on the day by day timeframe | Supply: BTCUSDT chart from TradingView

Featured picture from iStock, chart from TradingView

Crypto Expert Willy Woo Predicts Bitcoin Has Room To Run

Crypto professional Willy Woo has predicted that Bitcoin will nonetheless make important strikes to the upside. He made this declare based mostly on an indicator that implies crypto traders are nonetheless keen to purchase the flagship crypto at larger costs. 

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Bitcoin Nonetheless Has “A Lot Of Room To Run”

Woo talked about in an X (previously Twitter) submit that Bitcoin nonetheless has a number of room to run earlier than the flagship crypto experiences a reversal or consolidation. To help his bullish sentiment, he shared a chart highlighting Bitcoin VWAP (Quantity-Weighted Common Worth). The crypto analyst additional recommended that bulls have been firmly in management, stating that he would hate to be a “trapped Bitcoin bear proper now.”

The VWAP measures the common value of Bitcoin over a selected interval and elements within the quantity at every value stage to find out the present sentiment out there. The chart Woo shared confirmed that Bitcoin’s VWAP was at the moment on an upward trajectory. In a subsequent X submit, Woo highlighted Bitcoin’s threat sign to additional reinforce his bullish sentiment. 

He famous that Bitcoin remains to be within the early levels in its liquidity cycle and remains to be doing “warm-up workout routines.” He added that Bitcoin’s long-term body threat sign is comparatively low as it’s nonetheless consolidating underneath all-time highs. He claimed that this threat “solely begins climbing after the floodgates open,” which means that the perfect is but to come back for Bitcoin

In the meantime, the wave of profit-taking by Bitcoin traders (because the crypto hit a new all-time excessive in March) seems to be accomplished, which signifies that Bitcoin could also be prepared for its subsequent leg up.

Woo confirmed that profit-taking has been accomplished as he supplied an replace on Bitcoin’s Spent Output Revenue Ratio (SOPR). He famous that Bitcoin is present process a “very wholesome reset, towards a backdrop of capital flows into the community climbing once more.”

Bitcoin is now buying and selling at $66.996. Chart: TradingView

Different Bullish Indicators For Bitcoin

Crypto analyst Crypto Jebb lately highlighted an inverse heads and shoulders sample that had fashioned on Bitcoin’s chart. The analyst claimed this bullish sample might ship Bitcoin’s value to $100,000. The analyst additionally famous a number of different indicators at the moment signaling a bullish outlook for Bitcoin.

One is the Transferring Common Convergence/Divergence (MACD), which he claimed had turned very bullish on the day by day chart and indicated that the bulls have been regaining management. He additionally highlighted a ‘inexperienced purple inexperienced’ formation on the day by day chart, which, in accordance with Crypto Jebb, exhibits that Bitcoin is “doing very nicely.”

Associated Studying

In the meantime, crypto analyst Mikybull Crypto highlighted a hanging similarity between Bitcoin’s 2020 post-halving value motion and its value motion after this halving. From the chart he shared, Bitcoin seems to be on the level of takeoff if it continues to reflect the value motion from 2020. 

Featured picture from Pexels, chart from TradingView

New Cryptocurrency Releases, Listings, & Presales Today – GreenWAVES, Preprints.io, Cifi

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Digital belongings are gaining elevated recognition with Paradigm, a preferred liquidity community, launching linear choices altcoin buying and selling on the Deribit change. In the meantime, the market is progressing upward in right this moment’s buying and selling session. 

On one other word, the crypto area has witnessed an inflow of new cryptocurrency releases, listings, & presales right this moment. InsideBitcoins lists such tokens, together with their use instances, partnerships, and present market outlook.

New Cryptocurrency Releases, Listings, and Presales At this time

GreenWAVES is an ecosystem constructed round its native token, GreenWAVES ($GRWV). It offers numerous providers and initiatives to reinforce crypto funds and bolster neighborhood involvement. fifth Scape attracts appreciable consideration from market individuals, amassing investments exceeding $5.9 million in its ongoing presale section. 

Moreover, Preprints.io, a blockchain-powered platform, goals to raise educational analysis, guarantee accessibility, and harness knowledge successfully. CIFI stands out as a particular platform devoted to blockchain communication and fostering neighborhood connections. In the meantime, Ether’s provide resurgence raises questions amongst buyers.

1. GreenWAVES (GRWV)

GreenWAVES is an ecosystem centered round its native token, GreenWAVES ($GRWV). The protocol affords varied providers and initiatives to facilitate crypto funds and enhance neighborhood engagement. 

Moreover, GreenWAVES permits customers entry to a BuyBack initiative that exemplifies proactive engagement. As well as, it includes a community of institutions orchestrated by the GreenWAVES Workforce. The community generates income by repurchasing GreenWAVES tokens from E-Commerce retailers, growing liquidity, and financing advertising or developmental endeavors.

GRWV Price Chart

In the meantime, GreenWAVES utility extends into Ecommerce, presenting a Peer-To-Peer crypto cost platform for the long run. It additionally caters to a various viewers, facilitating straightforward crypto funds for companies and people. Notably, the system oversees the cost course of from initiation to completion, abstaining from direct transaction involvement. As an alternative, it levies a nominal price (0.08%) by a definite credit score system. 

This technique allocates a complimentary $125 gross sales price range to every consumer, obviating the necessity for rapid steadiness top-ups till stated price range is exhausted. Furthermore, a $10 top-up equals a $1250 gross sales price range enhancement.

The long-term targets embody increasing the GreenWAVES Funds DApp, ascending to the highest 100 cryptocurrencies by market capitalization, and securing Tier 1 and a couple of change listings. In distinction, the short-term aspirations contain amplifying consciousness by in depth on-line and offline advertising methods.

In summation, the GreenWAVES Ecosystem navigates a trajectory of regular development and innovation, underpinned by the multifaceted utility of the GreenWAVES token and a dedication to expansive market outreach.

 2. fifth Scape (5SCAPE)

The 5thScape undertaking attracts market individuals’ curiosity, with important funding surpassing $5.9 million in its present presale section. This means rising curiosity and confidence amongst buyers. 

Furthermore, the 5thScape ecosystem is powered by 5SCAPE Coin, the first foreign money facilitating entry to premium VR content material and unlocking particular in-game options. This foreign money enriches gaming experiences and neighborhood engagement inside the digital actuality panorama, signaling important development prospects.

Moreover, the VR Extremely headset is central to the 5thScape expertise. It guarantees heightened immersion for gaming, exploration, or academic customers. This headset goals to ship unparalleled immersion, enhancing total experiences.

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In the meantime, the undertaking’s pricing levels have developed, with the present worth of $0.00327 providing a possible return of 205.81% from the itemizing worth of $0.01. Moreover, it displays a 14.98% improve from its subsequent worth of $0.00376, presenting a chance for buyers.

fifth Scape is a promising enterprise in digital actuality by progressive expertise, immersive experiences, and neighborhood engagement. Via its distinctive foreign money system and high-quality VR peripherals, it seeks to redefine consumer interactions with digital worlds.

Go to fifth Scape Presale

3. Preprints.io (PRNT) 

Preprint is a blockchain-based platform that seeks to enhance educational analysis, protect accessibility, and make the most of knowledge. The platform helps the permissionless and immutable publication of analysis manuscripts as NFTs saved on IPFS and distributed by the Ocean Protocol, guaranteeing the long-term availability of helpful concepts within the educational sphere.

Furthermore, the platform facilitates a symbiotic relationship between human researchers and AI, enhancing analysis development. By integrating AI applied sciences, Preprints.io empowers researchers to discover new avenues and speed up the tempo of discovery in varied fields.

PRNT Price Chart

PRNT Price Chart

Moreover, manuscripts are recorded as NFTs on IPFS, making certain long-term availability and preservation. This progressive strategy addresses the problem of sustaining the integrity and accessibility of scholarly work over time. As such, it affords a strong answer for researchers and establishments.

Moreover, Preprints.io makes use of the Ocean Protocol for distribution, enabling permissionless entry to analysis. With this decentralized mannequin, customers are assured of inclusivity and transparency. This enables researchers and fans worldwide to interact with cutting-edge educational content material with out boundaries.

The PRNT token additionally encourages community-led improvement and decentralized governance. Preprints.io’s incentive-style reward system encourages energetic neighborhood participation and contribution, which, by extension, creates a collaborative and expressive atmosphere for analysis and innovation.

In current information, Preprints.io introduced a brand new strategic partnership with commune.AI to fund their Preprint-to-Product Grant Program. As well as, this grant will present $2000 to builders to show any chosen analysis preprint.

4. Cifi (CIFI)

CIFI is a novel platform for blockchain communication and neighborhood constructing. Safe and environment friendly communication is changing into a rising want within the crypto area. CIFI addresses this by offering a system that ensures secure and streamlined wallet-to-wallet communications. 

In distinction to different conventional communication platforms tailored for crypto, CIFI prioritizes a seamless messaging expertise throughout all blockchains. This permits direct and safe communication for his or her customers. 

 

CIFI Price Chart

CIFI Price Chart

Furthermore, CIFI goes past messaging to offer instruments for establishing decentralized communities and DAOs. As such, customers can successfully govern their areas and make collective choices. 

Moreover, the platform plans to combine token analytics and charts. The intention is to reinforce consumer comfort and create a unified ecosystem for crypto communities. 

CIFI additionally focuses on setting a brand new customary for blockchain communication platforms and main the market in remodeling how crypto communities talk.

Moreover, CIFI’s integration of monetary instruments provides a lot worth to customers by offering real-time knowledge and analytics. These instruments from CIFI are intricately designed to work with the prevailing messaging infrastructure, making a consumer expertise that hyperlinks communication with funding decision-making.

In essence, CIFI’s progressive strategy of merging a Web3 messaging platform with monetary instruments redefines interactions inside the crypto neighborhood. This complete answer facilitates safe communication and empowers customers to make knowledgeable funding choices. Finally, this transfer contributes to a extra related and knowledgeable crypto ecosystem. 

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DOJ Arrests Two In Connection To $73 Million Crypto Laundering Scheme

United States authorities have charged two overseas nationals for laundering $73 million in cryptocurrency funding scams, generally referred to as “pig butchering.” This improvement was introduced by the US Division of Justice (DOJ) on Friday, with an indictment unsealed within the Central District of California in opposition to the 2 suspects.

$73 Million Crypto Laundering Scheme Busted

In a press launch, the DOJ confirmed the id of each suspects in a cryptocurrency laundering case to be two Chinese language nationals named Daren Li and Yicheng Zhang, aged 42 years and 38, respectively. Li, a twin citizen of China and St. Kitts and Nevis, was apprehended on April 12 at Hartsfield-Jackson Atlanta Worldwide Airport and subsequently transferred to the Central District of California. In the meantime, Zhang was arrested in California on Thursday in Los Angeles.

The 2 are accused of taking part in a pig butchering rip-off, the place fraudsters persuade the victims to speculate massive sums of cash in some purported cryptocurrency scheme. As soon as the funding is substantial, the scammers disappear with the funds, leaving the victims with important losses.

Courtroom paperwork reveal that Li and Zhang managed a global syndicate that laundered the proceeds of those crypto scams. Victims are tricked into transferring massive sums to US financial institution accounts managed by shell corporations. Thereafter, these funds are moved to worldwide and native accounts, in addition to cryptocurrency exchanges in a bid to cover the supply or transaction historical past of those ill-gotten beneficial properties. 

To this point, over $73 million was transferred to shell accounts at Deltec Financial institution in The Bahamas, the place it was transformed into Tether (USDT). Moreover, a cryptocurrency pockets acquired over $341 million in digital property as a part of this rip-off.

Commenting on this case, Deputy Legal professional Basic Lisa Monaco mentioned:

Cryptocurrency funding scams exploit the borderless nature of digital foreign money and on-line communications to defraud victims.

Monaco additionally added:

These arrests — made attainable by the help of our worldwide and U.S. companions — replicate the Justice Division’s ongoing dedication to disrupting your entire cybercrime ecosystem and stopping fraud throughout all monetary markets.

At the moment, Li and Zhang face fees of conspiracy to commit cash laundering and 6 counts of worldwide cash laundering. If discovered responsible, they might every face a most penalty of as much as 20 years in jail per rely.

crypto
Complete crypto market cap valued at $2.36 trillion on the every day chart | Supply: TOTAL chart on Tradingview.com

Featured picture from iStock, chart from Tradingview

Optimism Network Activity Metrics Approach Record Levels, Propelling OP 9% Higher

Layer 2 (L2) scaling resolution Optimism reported a collection of robust community metrics within the first quarter (Q1) 2024, with its native OP token surging 9% on the again of this bullish momentum.

Optimism Sees Larger Exercise And Rising Transaction Charges

In line with a current Messari report, Optimism’s circulating market cap elevated 11% quarter-over-quarter (QoQ) to $3.7 billion, whereas its totally diluted market cap rose 1% to $15.7 billion. 

Regardless of the broader crypto market rally, with Bitcoin (BTC) and Ethereum (ETH) gaining 69% and 53% QoQ, respectively, OP’s market cap rating slipped from twenty sixth to thirty ninth amongst all blockchain networks. Nonetheless, inside the Ethereum ecosystem, OP stays one of many prime 4 rollups by market capitalization.

OP’s circulating market cap development throughout Q1. Supply: Messari

Driving this development was a big uptick in Optimism community exercise. Day by day energetic addresses reached 89,000 in Q1 2024, a 23% QoQ improve, whereas day by day transactions surged 39% to 470,000 over the identical interval. These metrics approached, however didn’t fairly attain, their all-time highs in Q3 2023.

Associated Studying

The community’s income additionally noticed a considerable 78% QoQ improve to $16 million, pushed by larger exercise and a 48% rise within the common transaction payment to $0.42. Nonetheless, this common payment dropped considerably within the latter half of March because of the implementation of Ethereum Enchancment Proposal (EIP) 4844, which diminished L1 submission prices by 99%.

Complete Worth Locked Jumps 18% In Q1

Regardless of the payment discount, Optimism’s on-chain revenue for Q1 2024 elevated 14% QoQ to $2 million. The community’s Complete Worth Locked (TVL) additionally grew by 18% to $1.2 billion, although its TVL rating amongst all networks fell to eleventh place.

Inside Optimism’s TVL, the DeFi sector dominated, accounting for 86% of energetic addresses. In line with Messari, non-fungible token (NFT) functions and gaming adopted with 6.9% and 6.7%, respectively. 

TVL’s main protocols included Synthetix ($307 million, +4% QoQ), Aave ($270 million, +52% QoQ), and Velodrome ($171 million, +10% QoQ).

Optimism’s stablecoin market capitalization additionally grew considerably, reaching $809 million (+32% QoQ) by the top of Q1 2024. Circle’s USDC stablecoin and Tether’s USDT made up most of this, with USDT seeing a 64% QoQ surge to $512 million, or 63% of the entire stablecoin market cap on Optimism.

Optimism
OP’s stablecoin market cap efficiency. Supply: Messari

OP Rebounds Alongside Crypto Market Resurgence

Regardless of Optimism’s robust efficiency throughout key metrics in Q1 2024, the community’s native token, OP, didn’t see a corresponding value improve on the finish of Q1. As an alternative, OP adopted the broader market downtrend, hitting an annual low of $1.80 only one month after hitting an all-time excessive of $4.84 in March. 

Nonetheless, OP has adopted go well with as the general cryptocurrency market has seen a resurgence of bullish momentum prior to now few days. Previously 24 hours, the token has recorded a 9% value improve and a 3% uptick prior to now week, at present buying and selling at $2.56. 

Moreover, CoinGecko information reveals a 19% improve in OP’s buying and selling quantity over the previous 48 hours, reaching $290 million.

Associated Studying

Optimism
The day by day chart reveals OP’s value trending upwards. Supply: OPUSD on TradingView.com

Whereas this renewed bullish sentiment is encouraging, OP nonetheless trades 46% under its all-time excessive and faces important resistance ranges quickly earlier than a possible retest of this milestone. 

The primary key resistance is at $2.65, adopted by $2.90, which should be overcome earlier than the token can push in the direction of the $3.00 stage. Conversely, the $2.34 help stage has confirmed essential and should be monitored carefully in case of any bearish resurgence. 

Featured picture from Shutterstock, chart from TradingView.com

Most Trending Cryptocurrencies on Polygon – Klima DAO, Ojamu, BTU Protocol

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The memecoin season is again as Pepe, Doge, and different meme crypto dominate the highest gainers’ listing right this moment. Alternatively, different cryptocurrencies out there face extreme worth dumps, with many prime crypto cash shedding as much as 10% of their worth. 

However, the Polygon chain spots some belongings with worth actions that deviate marginally from the over traits out there. As we speak’s submit covers Klima DAO, Ojamu, and BTU Protocol, among the prime trending cryptos on the Polygon chain. These tokens boast as much as 20% and above features within the final 24 hours. 

Most Trending Cryptocurrencies on Polygon

Additionally, Smog is progressively coming, due to the continuing airdrop. It kicked right into a worth consolidation development after the widespread pessimism within the crypto market. Nevertheless, the continuing meme coin season and the SMOG airdrop have resulted in a restoration development for the token. This text briefly analyzes its worth motion and suggests how traders can maximize its uptrend. 

1. Klima DAO (KLIMA)

With its formidable aims, Klima DAO, a Decentralised Autonomous Organisation, is making waves within the cryptocurrency market. Developed on the rules of change and sustainability, Klima DAO goals to revolutionize carbon markets by addressing important points like illiquidity, opacity, and inefficiency. Via initiatives just like the KLIMA token, Klima DAO is ready to turn into a big disruptor within the carbon markets, probably reshaping the financial system with carbon backing.

KLIMA Price Chart

As we speak, Klima DAO is buying and selling at $2.31, marking a big 24-hour buying and selling quantity of $391,843. This worth surge, a notable 15% improve, positions Klima DAO as one of many top-performing tokens out there. Its worth surge of 15% ranks it above different trending cash on platforms like Dextools.

Regardless of its present success, Klima DAO has skilled fluctuations in its worth historical past. Its highest worth of $3,900.46 was recorded on Oct 27, 2021, whereas its lowest worth of $0.593360 was noticed on Feb 4, 2024. Nevertheless, with a bullish sentiment out there, Klima DAO continues to garner consideration and curiosity in funding.

Traded on 5 cryptocurrency exchanges, together with gate.io and MEXC, Klima DAO noticed a considerable buying and selling quantity of $391,843 within the final 24 hours. Because it continues to realize momentum, Klima DAO’s imaginative and prescient for a sustainable future backed by carbon presents an intriguing alternative for traders and advocates alike.

2. Ojamu (OJA)

Utilizing cutting-edge know-how, Singapore-based MarTech platform Ojamu is revolutionizing digital advertising and marketing campaigns throughout various industries. By leveraging real-time information and Blockchain, Ojamu presents data-driven predictions and suggestions to assist manufacturers obtain their advertising and marketing aims seamlessly.

With interoperability throughout main blockchains like Ethereum, Polygon, Polkadot, and Solana, Ojamu ensures flexibility and effectivity in its operations. At the moment priced at $0.004920, It has witnessed a 3.99% surge within the final 24 hours and has a market cap of $492,012.

Ojamu peaked at $0.032173 on Dec 29, 2023, and hit a low of $0.003830 on Oct 12, 2023. Nevertheless, regardless of these fluctuations, the present worth prediction sentiment for Ojamu stays bearish. As well as, OJA tokens are tradable on numerous centralized and decentralized exchanges, with MEXC rising because the best choice.

OJA Price Chart

OJA Price Chart

Probably the most lively buying and selling pair, OJA/USDT, has seen a buying and selling quantity of $2,252.34 within the final 24 hours. Furthermore, Ojamu’s buying and selling quantity has surged to $7,506.31 not too long ago. This upswing in buying and selling quantity signifies rising market exercise and investor curiosity within the platform’s potential.

With OJA’s give attention to improved digital advertising and marketing by decentralized know-how, the world is likely to be on the precipice of a revolutionary advertising and marketing technique. The venture remains to be being examined throughout a couple of markets. Therefore, the rising use case exhibits that traders can anticipate additional enchancment within the worth motion of the underlying cryptocurrency. 

3. BTU Protocol (BTU)

BTU Protocol is shaking up the reserving enterprise with its decentralized strategy, aiming to chop out intermediaries and guarantee fairer commissions. At the moment priced at $0.2163, BTU has seen a big decline of -45.27% within the final 24 hours and -27.50% over the previous week.

Up to now 24 hours, the buying and selling quantity of BTU Protocol (BTU) stood at $0.2379, marking a pointy decline of -99.50% in comparison with the day gone by. This notable lower signifies a latest droop in market exercise.

BTU Price Chart

BTU Price Chart

Regardless of fluctuations, the token had a stellar yr in 2020, hovering by 363.04%, however confronted challenges in 2022 with a drop of -81.57%. Traded on centralized crypto exchanges like Zebitex, BTU/EUR is probably the most lively pair, with a buying and selling quantity of $52.52 within the final 24 hours.

With the BTU protocol’s transfer to the brink of chain to broaden international adoption of blockchain know-how, the BTU token has the potential to turn into one of many top-ranking tokens sooner or later. Usually, belongings with real-world utility usually outperform the market in the long term. Thus, token holders and the market ought to monitor the venture’s traits as its long-term worth seems promising. 

What Would possibly Be The Subsequent High Trending Crypto

The second season of the Smog airdrop not too long ago entered the fifth part, and the venture is on monitor to turn into one of many trending crypto memecoin tasks. In response to the venture’s official Twitter deal with, the SMOG dragons, because the group is fondly known as, have accomplished over 75 million duties within the second season of the airdrop providing. 

Consequently, the venture is gaining publicity throughout the web, which positively influences its long-term efficiency. The venture posted improved worth motion, with its worth outpacing its short-term EMA. This implies the asset is again within the uptrend, and traders can anticipate extra worth motion within the coming days. 

Furthermore, the engagement throughout Smog’s social media platforms is again at peak ranges, one other indication that Smog is tapping into the meme coin season for improved market efficiency

Last Chance To BUY SMOG... Next 100X Solana Gem?! $SMOG COIN UPDATE

The buying and selling quantity of SMOG tokens has elevated considerably over the previous few days. Along with rising buying and selling quantity, the rising social media mentions of the token signify improved traders’ curiosity within the token. 

In the end, long-term holders and new SMOG dragons ought to anticipate the asset to carry out impressively over the approaching weeks. Additional particulars concerning the venture and the related actions can be found on its official Twitter deal with. Equally, the venture web site shares perception on easy methods to spend money on the SMOG token. 

Go to Smog Web site

Learn Extra

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