CRYPTOSHARK

‼️⚡️TON began to fall sharply amid the news of Pavel Durov's arrest.

French intelligence services detained Telegram founder and CEO Pavel Durov. This was reported by TF1.

According to the TV channel, the businessman was detained on Saturday evening, August 24, after his private jet arrived in Paris from Azerbaijan.

French authorities accuse Durov of complicity in drug trafficking, crimes against children, and fraud due to the lack of moderation on Telegram.

Awakening of $BTC sleeping wallets hints at preparation for a reset

The CryptoQuant team noticed that wallets that had been inactive for the past 2-3 years began to show activity.

Since August 11, previously sleeping addresses have moved about 18,536 BTC.

Last night, analysts drew attention to the movement of 5,684 coins that had been lying idle for about 6 months. And on August 12, owners of addresses that had been sleeping for 6-12 months moved about 2,588 BTC.

The main "old-timers" were 2,394 coins that had been dormant for 3 to 5 years.

Usually, based on such data, experts assume the possibility of another reset and this time is no exception, potentially large sales may occur in the coming days.

BTC is showing itself weakly and cannot consolidate in the range of $61,000 - $62,000, which one way or another indicates a bearish trend.

The only thing that can save is if the crypto from these wallets gradually comes to the exchange, and not all at once, then there will be no large-scale drawdown.

Vitalik Buterin shared plans for the development of the ecosystem at the EthCC conference in Brussels.

Buterin highlighted the advantages of the blockchain $ETH as a platform for smart contracts, movement and storage of funds. It is completely decentralized and not subject to censorship.

According to him, Ethereum is not only a blockchain, but a community that adheres to a certain ideology.

Staking is one of the forms of attracting users, but developers face a more important task of creating a highly intelligent community of international level, Vitalik emphasized.

Vitali also said that there is a certain risk, namely the risk of a 51% attack - when most of the blockchain power comes under the control of one or more validators.

However, he believes that the community can quickly unite in the event of such a threat and neutralize the attackers.

BNB Chain Financial Report for Q2 2024

🔸 Circulating capitalization up 50% (and 95% YoY)

🔸 The number of BNB token holders increased by 52 million per year

🔸 The number of daily active addresses remained above the level of 1 million

🔸 About 339 million transactions were carried out

🔸 More than 23.5 million new unique addresses created

🔸 TVL increased by 41% compared to last year

🔸 6.6 million new NFTs created

The vast majority of TON addresses are in the black

According to IntoTheBlock statistics, the majority of Toncoin holders are now in the black, namely 90%.

Only 1% of addresses are at a loss. Approximately 9% of wallets remain in the break-even zone.
According to Ali Martinez, TON may well prove itself and make a breakthrough to $9. The growth will be approximately 12%.

The analyst reminds of the need for an objective assessment of the situation.
It is necessary to monitor interest and network indicators on futures.
This figure reached $312.7 million on June 28 (according to CoinGlass).

The increase in interest in futures shows what traders are currently expecting.

Toncoin rose to 8th place in the crypto ranking, thanks to an increase of more than 8% to $7.69. The volume of transactions on TON for amounts over $100,000 amounted to only $32.7 million for the week.

How do the US elections affect the chart $BTC

High-profile events often bring adjustments to the market; the chart shows that before the elections there is usually a slight increase, and also after the elections there is an upward trend.

And this is happening because the old administration is pushing the markets to show its power and prosperity under them.

The new government also needs to prove itself well and show the people that they made the right choice.

Geopolitical uncertainty immediately after the elections has a significant impact and investors have to look for defensive assets.

I remind you that new elections in the United States will be held on November 5, 2024.

Ethereum exchange balance is at its lowest since 2016

The outflow of ETH from exchanges has been ongoing for several weeks; 10.19% of the turnover remains on trading platforms (according to Glassnode).
Market participants are inclined to store ETH in cold wallets, which should have a positive effect on the value of the asset in the long term.

Ali Martinez is seeing an increase in ETH mentions on social media. In his opinion, most posts contain positive assessments, which potentially hints at the airwaves reaching a local peak.

Strong movements in ETH are still unlikely, since a flat pattern is forming on the chart in which it will remain in the near future.
$ETH

💎 $BIRD | Farming tokens!

💙 BIRD is a new platform on the TON blockchain, the first GameFi TON game that will distribute mined coins as it was in notcoin. Game like flappy bird

🤔 What are we doing?
▪️ Login to the bot 🔥👇
https://t.me/BIRDTonBot?start=483987395
▪️ Click on the screen and pick up coins in flight.
▪️ We invite referrals
▪️ We are waiting for the token to start

☄️ Don’t miss the chance to be among the first; similar projects after Notcoin showed high profits. Enjoy the game and the income earned while playing

TON has updated its roadmap for 2024.

Gasless transactions, Wallet v5, cross-chain bridge Teleport will be launched, expansion in Asia is planned.

💥Meanwhile, BTC trading volume is at a three-year high.

According to data from analytics company Kaiko, in the first quarter, Bitcoin trading volume reached its highest level since 2021 - more than $1.4 trillion. Previously, similar activity of traders was observed in the first and second quarters of 2021 - $1.93 trillion and $2.16 trillion.

#BullorBear #BinanceLaunchpool #Nonfarm #Memecoins #SHIB

During the first quarter, $4 billion worth of ETH was withdrawn from exchanges.

According to data from analytics company IntoTheBlock, approximately $4 billion worth of ETH was sent from trading platforms to offline storage in the first quarter.

At the moment, this does not particularly affect the asset price, but the trend is extremely positive. The Fear and Greed Index for Ethereum remains in the greed zone at 61

#BullorBear #BinanceLaunchpool #Nonfarm #Memecoins

After each halving, the price of BTC increased by 3230% on average - CoinGecko analysts

▪️The first halving led to an increase in the exchange rate by 8858% - from $12 to $1075 within a year, reducing inflation from 25.75% to 12%
▪️The second halving increased the price from $650 to $2560 (294%), reducing inflation from 8.7% to 4.1%
▪️The last, third halving, increased quotes by 540%, from $8,727 to $55,847, reducing inflation from 3.7% to 1.8%
▪️This halving should take place in almost two weeks

#BullorBear #BinanceLaunchpool #Memecoins #BinanceLaunchpool

The main reason for the correction is sales from the Grayscale fund.

Yesterday 4,000 BTC were sold, and today sales continue and the buyer is trying in every possible way to absorb the volume being sold.

There is already very little left before the halving and many cryptans are already starting to change their shoes, declaring that the bull is over and we are going into a strong correction.

As soon as BTC fell by 5%, mega bearish sentiment immediately appeared on the market, it’s all funny. Friends, don’t worry, we are in crypto, and a drop of 5% is not something supernatural.

#Memecoins #BinanceLaunchpool #BullorBear #BinanceLaunchpool #btc

Ripple will file a response to the SEC petition next month.

The SEC requires Ripple to pay a fine of almost $2 billion $ - 876 million $ in compensation, 198 million $ in interest on judgment and a civil penalty of $876 million.

SEC: “Ripple's fines and penalties are adequate. The company has every opportunity to pay and it needs an INCENTIVE so as not to break the laws."

Vitalik Buterin shared several ideas for the development of Ethereum.

1) Vitalik introduced “Rainbow Staking”, which will allow the integration of various protocol services in a more convenient form. The concept's architecture is suitable for a wide range of network participants - as diverse as the colors of the rainbow.

2) “Rainbow staking” will in turn solve the problem of transition to single-slot finality (SSF) - Buterin’s concept, according to which blocks can be proposed and finalized in the same slot. This way, you can speed up the process of confirming blocks on the network.

3) Vitalik also mentioned the risks associated with quantum computers - in order to protect the network from unauthorized access, a “recovery hard fork” can be carried out. The network is ready for updating.

#HotTrends #BNBChain #BOME #ID #POLYX

14 years ago, a programmer from Florida bought two pizzas for children for 10,000 bitcoins - the snack cost approximately $680 million at today's exchange rate

Trade turnover of meme tokens approached 80 billion.

This week there is record interest in the largest meme assets - Dogecoin and Shiba Inu, the total volume of which reaches $1.47 billion and $96.76 million, respectively.

According to CoinGlass, interest in memcoins in the futures market indicates a prevailing positive sentiment.

The same situation is observed with other leading memcoins - BONK, WIF and PEPE. For example, open interest in PEPE futures this week reaches $109.66 million.

Opponent of BTC, economist Peter Schiff criticized the crypto community and halving.

"Bitcoin supply will not be halved due to the halving. More than 90% of the BTC supply already exists. The only thing that has been halved is the rate of supply growth. What matters most is not how much miners create, but how much current resource holders want sell".

In general, everything is factual, but Peter does not take into account the crazy influx of capital from ETFs, which absorbs all investor sales, not to mention the fact that crypto may not be recognized, but being indifferent to such a market is stupid, at least from the point of view of opportunities.

#HotTrends #NEAR #ETHFI #pepe #BTC

💵 Tether prints 1,000,000,000 usdt again.

Only 4 days since the last billion was printed.

Printing $1 billion of Tether directly means that there is an additional $1 billion in demand to buy the cryptocurrency spot or as collateral to buy the cryptocurrency with leverage.

Positions are being fixed in the market.

There is an increase in the number of sell orders while the price of BTC rises.

Analytics company Kaiko analyzed order block data from 33 centralized exchanges and concluded that the volume of sell orders with liquidity equal to 2% of the market price exceeds the volume of buy orders. The imbalance between supply and demand reached $100 million.

Investors are systematically starting to dump assets and exit the market, not believing in the future prospects of the market.