The bears have continued to creep up on the bulls for a while now.
There has been no massive bearish attack so far. However, cracks in the crypto market’s standing have shown up, and continue to widen.

Source: CoinMarketCap

One example of this is how the global crypto market cap has declined by 10 billion, from yesterday's $1.05 trillion to $1.04 trillion at the time of writing. This number also sat at $1.07 trillion only four days ago.

Source: CoinMarketCap

Bitcoin has slipped well below the $27,000 mark as shown by the snapshot above, as Ethereum also struggles with staying above the $1,550 zone. In all, the crypto market is beginning to turn red. In this crypto market summary, we will be going over a few interesting things to note about the crypto market today, which cryptocurrencies look promising, and a lot more.  

1. Fear And Greed Index + Liquidation Data Signal Winter
According to CoinMarketCap, the market’s fear and greed index has declined further from yesterday’s 39 to 38 at the time of writing.

Source: CoinMarketCap

This shows that investors were fearful about the crypto market’s performance yesterday, but are slightly more so today. This is unsurprising, considering how Bitcoin has dropped by nearly 2% on a daily timeframe, at the time of writing.

Source: Coinglass

According to Coinglass's liquidation data, the last 24 hours have seen $68.5 million in liquidations, with $55.84 being taken from long traders (bulls or buyers), and $12.64 million being taken from short traders (bears or sellers).

Coinglass liquidation data Source: Coinglass Coinglass also shows the largest single liquidation order happened on Bitmex, on the XBT (also Bitcoin) versus USD trading pair, where a single player lost… get this… a whopping $10 million on a single trade.  

2. Curve ($CRV ) Is Trending For Some Reason
According to Santiment’s social metrics, the word “Curve” is trending in the crypto industry. Why?

Source: Santiment
Santiment notes that Curve is trending because of the differences in aggregated open interest detected on the cryptocurrency. According to Santiment, the open interest for $CRV has been increasing in the last 15 minutes, with significant amounts of money being added. This has caused the price of $CRV to also increase.

Curve makes waves Source: Binance On Binance, Curve is now the 5th top gainer, the 8th largest cryptocurrency by volume, and the #1 traded cryptocurrency in the futures market, with a 9.09% increase over the last 24 hours.  

3. What’s Up With FTX Token?
So far, there has been no tangible explanation for this:

Source: Binance

There is no solid piece of news as to why the FTX token (FTT) is the second top gainer on Binance, with a 12.53% gain at the time of writing, over the last 24 hours. One theory, though, is the FTX liquidation issue. According to reports, FTX got approval from a court to sell $3.4 billion worth of crypto.

FTX now has permission to sell $100 million worth of coins and tokens weekly, with the amount potentially increasing to $200 million. The catch, however, is that the court prohibits FTX from selling its native token (FTT), meaning that while other cryptocurrencies decline due to the sell-off, FTT may still hold its ground.

#VoiceOfCrypto #crypto2023 #cryptocurrency #crypto #bitcoin

1. The enigmatic figure behind Bitcoin, Satoshi Nakamoto, has eluded identification for over 15 years.
2. A California engineer, mistakenly linked to Nakamoto due to a shared surname, faced unwarranted scrutiny.
3. Australian computer scientist Craig Wright's assertions of being Nakamoto were debunked through legal proceedings, revealing them as falsehoods.
4. Gavin Andresen, an early Bitcoin developer, shares a deep involvement with the project but disclaims any association with Nakamoto.
5. Nick Szabo, creator of BitGold predating Bitcoin, possesses the requisite technical expertise but denies involvement in Bitcoin's creation.

Dorian Nakamoto: A Case of Mistaken Identity
Dorian Nakamoto, a retired engineer from California, found himself thrust into the limelight due to his shared surname with Bitcoin's elusive creator. Mistakenly identified as Satoshi Nakamoto, Dorian faced unwanted media attention, vehemently denying any involvement with Bitcoin past or present. Despite his lack of knowledge and a credible denial, speculation persisted around his potential connection to Bitcoin's origins.
Craig Wright: False Claims and Legal Battles
Australian computer scientist Craig Wright emerged as one of the most vocal claimants to the title of Satoshi Nakamoto. Making bold assertions over the years, Wright faced legal challenges and scrutiny. In 2024, a UK court ruled against Wright, exposing his claims as lies and falsified documents. Moreover, Wright's personal assets were frozen over the Nakamoto claims, marking a potential end to his saga.
Gavin Andresen: A Key Player with Uncertain Allegiances
Gavin Andresen, a prominent figure in the early days of cryptocurrency, has long been associated with Bitcoin's development. Despite denying any role as Nakamoto, Andresen's close ties to the project fuel speculation. However, his endorsement of Craig Wright's claims raises questions about his allegiances and potential involvement in Bitcoin's creation.
Nick Szabo: The Leading Contender with Denials
Nick Szabo, known for his contributions to smart contracts and digital currency concepts, is often touted as a leading contender for the title of Satoshi Nakamoto. Despite possessing the necessary expertise and creating a precursor to Bitcoin called BitGold, Szabo vehemently denies being Nakamoto. His deep understanding of cryptography and blockchain technology further deepens the mystery surrounding Bitcoin's creator.
Hal Finney: An Intriguing Figure with Connections
Hal Finney, a close associate of Nakamoto and the recipient of the first Bitcoin transaction, holds a unique position in the quest to unmask Satoshi. Speculation suggests Finney may have adopted the Nakamoto alias, further intertwining his legacy with Bitcoin's origins. However, Finney's battle with ALS and subsequent passing in 2014 leaves his role in the Satoshi Nakamoto mystery unresolved.
The Continuing Quest for Truth
Despite ongoing speculation and investigation, the true identity of Satoshi Nakamoto remains one of the greatest mysteries of the digital age. As the search for answers continues, the enigma surrounding Bitcoin's creation persists, leaving the quest for truth and resolution open-ended.

$BTC

#VOC #VoiceOfCrypto #Crypto #CryptoNews! #Web3metaverse

1. Lido halted Solana staking in October 2023 due to financial and fee issues, leading to approximately $25 million SOL trapped in its smart contracts.
2. Technical complexities in the unstaking process are causing difficulties for users trying to retrieve their SOL holdings from Lido.
3. Users express frustration over Lido's lack of communication regarding the situation, exacerbating confusion and discontent.
4. Although the withdrawal function issue has been pinpointed, resolving it through Lido DAO may prove challenging and time-consuming.
5. With $25 million SOL locked in Lido's smart contracts, the community faces obstacles in reclaiming their funds amidst technical hurdles and communication shortcomings.

Amidst the cessation of Solana staking by Lido due to financial and fee-related challenges, millions of dollars worth of staked Solana tokens remain locked in Lido's smart contracts, complicating the situation for users seeking to reclaim their assets. The discontinuation of Solana staking on Lido, announced in October 2023, left users with limited options, primarily resorting to Solana's command line interface (CLI) for withdrawals after February of the following year.
However, the complexity of utilizing the CLI has proven daunting for many users, evidenced by the flood of inquiries and complaints inundating Lido's Discord channel. As reported by SolScan, approximately $25,179,140 million worth of staked Solana (stSOL) remains inaccessible to around 31,587 holders, exacerbating frustration among the community.
Moreover, communication from Lido regarding the situation has been criticized as lacking, leaving users in the dark about potential resolutions and exacerbating their discontent. Recent insights from Pavel Pavlov, a product manager from P2P Validator, shed light on a potential technical issue with the smart contract's withdrawal function, specifically related to changes in the Rent-Exempt Split logic. Despite identifying the issue, P2P Validator acknowledges its limited control over the situation, suggesting the involvement of Lido DAO for a potential solution.
However, rectifying the smart contract issue poses a daunting challenge, requiring a complex and time-consuming process with no guarantee of a straightforward resolution. Meanwhile, amidst the turmoil surrounding Solana staking on Lido, the broader Solana market exhibits signs of recovery and resilience. Despite recent downward pressure on Solana's price, evidenced by a decline from $210 to $177, bullish momentum persists, as indicated by recent price action.
Analysts suggest monitoring key support levels, particularly $177, while anticipating a potential retest of the $203 resistance level. However, given the inherently volatile nature of cryptocurrency markets, investors are advised to conduct thorough research and exercise caution when making financial decisions.

$SOL

#VOC  #VoiceOfCrypto  #CryptoNews🚀🔥  #cryptoonline  #Solana⁩

Over 42,000 active XRP users drop in recent report.

Ripple's strategic move: Partnering with a major Asian company.

Ripple's expansion plan targets three significant countries.

XRP, Ripple's native token, facing recent challenges.

Once dismissed by the SEC as mere lines of code, Ripple now faces a dwindling user base. It has slid from its weekly peak at $0.532, accompanied by a decline in active users, plummeting from 539.38K on September 1 to 497.24K today. Ripple, however, refuses to yield, and in this piece, we delve into the factors behind this dip in XRP's active users and the strategic responses employed by Ripple to counteract this trend.

Article was originally published at https://voiceofcrypto.online/

To know more about the topic in detail, head over to https://voiceofcrypto.online/news/ripple-xrp-price-drop/

#VOC #VoiceOfCrypto #Ripple #XRP #crypto2023

A physician from Georgia, Dr. James Wan, pleads guilty to a shocking crime involving Bitcoin.The Department of Justice reports that Wan used Bitcoin to hire a hitman for a heinous act against his girlfriend.Thanks to the FBI's tracking of Bitcoin transactions, Wan was apprehended.The victim is now in protective custody to ensure her safety.Dr. Wan could potentially face a 10-year prison sentence and a $250,000 fine.The sentencing for Wan is scheduled for January 2024.

A typical response to the narrative you are about to delve into might be one of incredulity, prompting the question, "Why would someone tarnish the purity of a concept as innovative as this?" The story in question revolves around Bitcoin and the sinister twist it took.

Bitcoin: A Hitman's Payment Option?
Originally conceived as a decentralized and untraceable digital currency, Bitcoin was intended to facilitate transactions that remained beyond the control of governments and individuals. However, the same attributes that made it a pioneering financial technology also rendered it attractive for nefarious purposes like money laundering, fraud, drug deals, and, in this case, even murder.
According to the Department of Justice's report, the doctor, James Wan, had been meticulously plotting the murder as far back as April 2022. Wan ventured into the dark web's marketplace, placing a chilling ad for a hitman and providing alarming specifics about his girlfriend, including her identity, address, Facebook profile, and even her vehicle details.
In his confessions, Wan disclosed his desire for the murder to appear as a carjacking gone awry. He further executed an initial payment of approximately $8,000 in Bitcoin to commission the act. Yet, this is where events took a bizarre turn.

Where It All Went Wrong
As per the Department of Justice, the initial Bitcoin transaction of $8,000 took an unexpected turn when Wan erroneously sent the funds to an incorrect wallet address. Frustrated by the absence of the funds in his escrow account, Wan complained to the marketplace administrator, who, in turn, discovered the misdirected payment.
Wan remained resolute in his sinister intent and proceeded to send an additional $8,000 in Bitcoin a week later to ensure the contract's financial requirements were met. He lamented the loss of the initial $8,000 and confirmed the additional payment, affirming his determination.
The marketplace administrator even inquired if Wan preferred an "accidental" or "normal shooting." Wan's response was chilling: "Accident is better."
Subsequently, with the funds secured in the escrow account, Wan began seeking updates on the progress of the sinister order within the marketplace's forum, impatiently inquiring about the anticipated timeline for the execution of the gruesome act.

Justice And Punishment
Despite Wan's payments and his escalating impatience, the carjacking or murder never materialized. Instead, FBI agents uncovered the entire plot before it could culminate in tragedy. They promptly alerted the intended victim and placed her under protective custody, arresting Wan and initiating an extensive investigation.
In a court of law, Wan confessed to one count of utilizing a facility of interstate commerce for murder-for-hire. Under US law, he faces a potential sentence of up to 10 years in prison, coupled with a substantial $250,000 fine. The case is scheduled for sentencing in January 2024, with the FBI continuing its investigation, and Assistant U.S. Attorney Bret R. Hobson prosecuting the case.

Lessons Learned
This disturbing case underscores the critical lesson that law enforcement remains capable of tracking crimes, even within the shadowy corners of the dark web. Additionally, it serves as a stark reminder that while Bitcoin offers decentralization and near-anonymity, it is not entirely immune to scrutiny and, in this case, became a digital trail leading to justice.

#cryptocurrency #crypto2023 #bitcoin #VoiceOfCrypto #VOC

JPMorgan reveals: Bitcoin now holds a larger share of investor portfolios than gold, even factoring in volatility adjustments.The approval of spot Bitcoin ETFs in January triggered a significant price surge, attracting $10 billion in investments.JPMorgan forecasts the BTC ETF market could reach $62 billion, with potential to soar to $220 billion in coming years.Bitcoin's price and ETF inflows experienced substantial growth in February and March.CryptoQuant's CEO anticipates a surge in demand and a potential supply shortage for BTC due to the upcoming halving event.

JP Morgan's insights highlight a paradigm shift in the cryptocurrency market with the introduction of 11 spot BTC ETFs. Since their endorsement on January 11, a staggering $10 billion has flooded into the Bitcoin ecosystem, propelling BTC's meteoric rise, defying expectations even before the halving event. According to JPMorgan's managing director, Nikolaos Panigirtzoglou, the potential market size for Bitcoin ETFs could soar to approximately $62 billion, drawing parallels to the gold market. Additionally, projections from another JP Morgan report suggest that the market for spot BTC ETFs could surge even further, potentially reaching an impressive $220 billion within the next two to three years.
The CEO of CryptoQuant echoes this sentiment, emphasizing that bears may find it challenging to dominate until ETF activity subsides. February witnessed a remarkable 45% increase in BTC's price and market cap, supported by significant net inflows into BTC ETFs, which spiked to $6.1 billion from $1.5 billion in January. Moreover, daily inflows into these ETFs peaked at around $1 billion on March 12, underscoring the relentless growth of the Bitcoin spot ETF market.
As the halving looms just a month away, Ki Young Ju, CEO of CryptoQuant, anticipates a surge in demand and a potential supply crisis within the next six months. The introduction of spot Bitcoin ETFs has not only propelled BTC to unprecedented heights, surpassing previous all-time highs, but has also catalyzed increased institutional adoption. This evolving landscape of investor portfolio allocation signals Bitcoin's transition into a new era, with ETFs serving as a precursor to future innovative BTC investment avenues.
Disclaimer: While Voice of Crypto strives for accuracy, readers are encouraged to conduct independent research and exercise caution due to the volatile nature of cryptocurrencies.
$BTC

#VOC #VoiceOfCrypto #CryptoCurrency #Bullish #Crypto

- Investors await Ethereum ETF following Bitcoin ETF success in January.
- Bitwise applies for an Ethereum ETF spot, anticipating December approval.
- Bitwise CIO advises against a rushed May launch.
- December launch allows traditional finance adjustment after Bitcoin ETFs, aiding smoother adoption.
- Despite the delay, Ethereum ETF launch remains a significant crypto market milestone.

Bitwise Ethereum ETF Proposal:
Bitwise has applied for U.S. SEC approval to launch a spot Ether ETF, following the success of Bitcoin ETFs earlier this year. Dubbed the “Bitwise Ethereum Trust,” the ETF aims to directly hold Ethereum, providing investors with exposure to the cryptocurrency. Additionally, the Bitwise Ethereum Trust may leverage staking services, potentially enhancing investor returns by earning rewards from staking activities.
Timing Concerns:
Matt Hougan, Bitwise's Chief Investment Officer, advocates for a strategic approach to the Ethereum ETF launch. Rather than rushing for a May approval, Hougan suggests waiting until December for regulatory clarity. He emphasizes the importance of strategic positioning and gradual adoption, cautioning against hasty decisions. Moreover, the overshadowing of Ethereum's recent Dencun upgrade by Bitcoin's prominence highlights the challenge of gaining traction for Ethereum in the market.
Strategic Approach:
Hougan's approach aligns with a broader strategy of allowing Traditional Finance platforms to adjust to Bitcoin ETFs before introducing an Ethereum ETF. This gradual approach aims to foster receptivity among traditional investors and ensure smoother adoption of Ethereum products. Experts predict a 50-50 chance of an Ether ETF approval by May, suggesting a longer wait for regulatory clarity. Nonetheless, the eventual arrival of an Ethereum ETF signifies a significant milestone for global investors.
Disclaimer: Voice of Crypto aims to provide accurate information but does not assume liability for any missing facts or inaccuracies. Cryptocurrencies are volatile assets, requiring individual research and decision-making.

$ETH

#VOC  #VoiceOfCrypto  #Bitcoin  #ETHFIUSDT  #BlackRock

1) Balancer, a DeFi platform, experiences a significant loss of nearly $900k due to a recent hack.

2) This hack transpired shortly after the company publicly disclosed certain vulnerabilities within its system.

3) While some of the funds were successfully rescued using emergency procedures, a substantial amount remains at risk.

4) In the latest blow to the decentralized finance (DeFi) space, Balancer, an Ethereum-based DeFi protocol, fell victim to an exploit resulting in nearly $900,000 in losses.

5) Just days prior, Balancer had issued a warning about potential vulnerabilities affecting its boosted pools, and unfortunately, this event has now materialized.

An announcement confirming the incident involving the protocol was posted on the social media platform X (formerly known as Twitter) on August 27.

The protocol's team promptly responded to the crisis by acknowledging the hack. Despite their concerted efforts to contain the damage, they acknowledged that it was irreversible.

Regarding Balancer, the team admitted the exploit, stating, "Balancer is aware of an exploit related to the vulnerability below." They also noted that while mitigation measures implemented in the preceding days had significantly reduced risks, it was impossible to pause affected pools.

"To prevent further exploits, users must withdraw from affected LPs."

On a positive note, a blockchain security expert named Meier Dolev claimed to have identified an Ethereum address associated with the attacker. Subsequent to the exploit, this address received two transfers of Dai stablecoin, amounting to $636,812 and $257,527, respectively. This brought their total balance to over $893,978.

Catch the whole article here:  https://voiceofcrypto.online/news/balancer-loses-nearly-900k/

#VOC #VoiceOfCrypto #crypto2023 #balancer #cryptocurrency

Bold Prediction Alert: Hedge Fund Anticipates Bitcoin Halving Could Propel BTC Price to Staggering $150,000 Height! 📈🚀

1) Pantera Capital predicts Bitcoin to hit $150,000 post next halving in mid-2024.

2) Bitcoin's price strongly affected by its halving cycles; Pantera expects history to repeat.

3) Typical pattern: BTC bottoms 477 days pre-halving, rises post-halving, then skyrockets.

4) FTX collapse and Bitcoin's fall could have shifted 477-day timeline by about a month.

5) BTC currently around 8% lower than Pantera's $35,000 re-halving estimate.

Once dismissed as virtually worthless and even labeled a fraudulent scheme, Bitcoin's astonishing journey has catapulted it into the echelons of substantial financial assets, boasting a colossal market cap of $512 billion. Surpassing traditional benchmarks and established financial instruments in terms of market dominance, Bitcoin's meteoric rise since its inception in 2009 has also catalyzed the emergence of numerous crypto-linked financial products.

However, the saga of Bitcoin might just be in its early chapters.

In a recent revelation from Pantera Capital, a hedge fund managing assets worth $4.8 billion, the trajectory of BTC appears far from its conclusion. The prognosis suggests that Bitcoin's ascension is far from over; in fact, it might be on the cusp of a new phase. The hedge fund's analysis posits that the impending halving event could potentially propel Bitcoin's value to $150,000, in turn, catapulting its market cap to a staggering $2.9 trillion. As the crypto landscape continues to evolve, Bitcoin's journey seems destined to chart uncharted territories.

Catch the whole article here:   https://voiceofcrypto.online/news/bitcoin-halving-can-take-prices/

#VOC #VoiceOfCrypto #CryptoCurrency #crypto2023 #bitcoin

Bitcoin's Price Dip: Bitcoin suffered a 10% drop in value over the week, resulting in substantial market losses.TON's Palm-Scanning Tech: Telegram-affiliated TON introduced palm-scanning technology to rival digital identity solutions offered by Worldcoin and Humanity Protocol.Aave Fork Incident: Aave fork on Blast Network accidentally triggered liquidations, causing a staggering $26 million loss for users.Generational Crypto Investment Trends: A recent study indicates that American Gen Z and Millennials exhibit a higher propensity to invest in crypto over stocks, unlike Gen X and Boomers.US Government's Bitcoin Holdings: A report from Arkham suggests that the US government holds the largest Bitcoin reserve globall

Bitcoin's Price Plunge:
Bitcoin witnessed a sharp decline of around 17% over the past week, causing significant market turmoil and erasing billions from crypto portfolios. The sudden downturn occurred amidst growing uncertainty surrounding the impending Bitcoin halving event.
TON's Palm-Scanning Tech Launch:
Telegram's TON made waves in the digital identity space by unveiling palm-scanning technology in collaboration with HumanCode. This development positions TON as a contender against established solutions like Worldcoin and Humanity Protocol, sparking intrigue within the crypto community.
Aave Fork Mishap:
The Blast Network experienced a major setback as an Aave fork inadvertently triggered a cascade of liquidations, resulting in losses exceeding $26 million. This incident underscores the importance of robust protocol safeguards and user protection mechanisms in the DeFi ecosystem.
Generational Crypto Adoption Trends:
A report from Policygenius highlighted shifting investment preferences among different generations, with Gen Z and Millennials exhibiting a stronger inclination towards crypto investments over traditional stocks. This trend reflects a broader embrace of digital assets among younger demographics.
US Government's Crypto Holdings:
Data from Arkham Intelligence revealed the significant presence of the US government in the crypto space, with holdings amounting to billions in Bitcoin. This revelation underscores the increasing institutional involvement in cryptocurrencies and their growing recognition as legitimate assets.

$BTC $AAVE

#VOC #VoiceOfCrypto #CryptoCurrency #TrustWallet #AAVEUSDT⚡️⚡️

1. Investor anticipation mounts as SEC mulls over Ethereum ETF approvals.
2. Potential Ethereum ETF green light sparks optimism for a price surge.
3. SEC's cautious stance on Ethereum ETFs raises concerns over market integrity.
4. Asset managers facing hurdles in meeting SEC's rigorous ETF approval standards.
5. Bitcoin ETF approval sets stage for Ethereum's turn, but SEC exercises prudence.
6. Ethereum's price on the brink of bullish breakout, eyes set on $3,671 resistance.

1. As the crypto market buzzes with activity, all eyes are on the impending Ethereum ETF approvals amidst a series of significant events.
2. Investors eagerly await the SEC's decision on Ethereum ETFs, closely monitoring every development leading up to the May deadline.
3. Despite high expectations, the SEC has delayed its ruling on Ethereum ETF proposals, including those from major players like Blackrock and Fidelity.
4. While Bitcoin ETFs have seen immense success, Ethereum ETFs face hurdles, prompting speculation on potential roadblocks.
5. The SEC's cautious approach reflects concerns over investor protection, market manipulation, and fraud prevention, leading to ongoing delays.
6. Asset managers seeking ETF approvals may encounter challenges aligning with SEC criteria, contributing to further postponements.

$ETH

#VOC  #VoiceOfCrypto  #Bitcoin  #BTC  #CryptoRising