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🌐 The recent unveiling by Pyth Network of its much-anticipated Retrospective Airdrop generated excitement in the blockchain ecosystem. This strategic move covers a broad array of blockchains, including Solana, EVM, Aptos, Sui, Injective, Osmosis, Neutron, and Sei. The initiative extends its generosity not just to blockchain enthusiasts but also to engaged Discord users and NFT holders.

💰 Rewarding Contribution
The core of this groundbreaking initiative lies in the significant disbursement of 600 million $PYTH tokens. This impressive amount constitutes a significant 6% of the total token supply and is dedicated to honoring and appreciating active contributors across various sectors of the blockchain community.

🌍 Inclusive Token Distribution
Aiming to promote inclusivity, Pyth Network ensures that the retrospective airdrop reaches a wide audience. The distribution is not confined to a single blockchain but rather incorporates the diversity of the decentralized landscape. Ranging from Solana to EVM and beyond, Pyth Network is dedicated to connecting with communities across the entire spectrum.

🚀 Engaging ÐApps and DeFi Participants
Focusing intently on decentralized applications (ÐApps) and individuals in decentralized finance (DeFi), Pyth Network’s airdrop plans to strengthen those actively involved in the advancement of the blockchain ecosystem. This forward-looking approach acknowledges the pivotal role of ÐApps and DeFi in molding the future of decentralized technologies.

📄 Pyth Network Airdrop Full Guide
Visit the Pyth Network Retrospective Airdrop page.Claim your $PYTH tokens.Good job! Easy $100–$500 for you! Support me, clap and follow, thanks!

#AirdropMagic #PythNetwork #AirdropOpportunity

📈 Bitcoin (BTC) is showing moderate recovery today. At the time of publication, the Bitcoin price was $41,700, representing a 0.7% increase in the last 24 hours and bringing the weekly decline to 2.4%. Bitcoin trading volume for the same period dropped by 56%, totaling $9.8 billion.

📊 In-depth analysis of the 24-hour BTC/USD charts shows bullish dominance. The Relative Strength Index (RSI) indicator is moving north, indicating a bullish momentum for BTC. On the other hand, the Moving Average Convergence Divergence (MACD) indicator is returning to the green zone, showing unsuccessful bearish pressure on the Bitcoin price.

📉 Ethereum (ETH) also demonstrated a slight increase today. At the time of publication, the Ethereum price was $2,477, representing a 0.4% increase in the last 24 hours, with a weekly decline of 2.4%. Trading volume dropped by 52% to $4.6 billion.

📊 In-depth analysis of the ETH/USD charts also shows a struggle between bulls and bears in the ETH markets, as evidenced by the Relative Strength Index (RSI) currently on a northward trajectory, indicating bullish pressure on the Ethereum price. On the other hand, the MACD indicator has shifted to the red zone, also pointing to bearish prospects for the Ethereum price.

📉 Celestia (TIA) also showed a slight increase today. At the time of publication, the Celestia price was $17.4, representing a 0.9% increase in the last 24 hours, with a weekly decline of 10.5%. Trading volume dropped by 69% to $89 million.

📊 In-depth analysis of the TIA/USDT charts indicates a price retracement for Celestia, as evidenced by the Relative Strength Index (RSI) currently on a southward trajectory, indicating bearish pressure on the Celestia price. On the other hand, the MACD indicator is moving in the red zone, confirming bearish prospects for the Celestia price.

📈 Dogecoin (DOGE) is our growth leader today, as the Dogecoin price at the time of publication was $0.08694, representing a 10% increase in the last 24 hours, resulting in a weekly growth of 4.4%. Trading volume surged by 254% to $1.2 billion.
📊 In-depth analysis of the DOGE/USDT charts shows that bulls control the markets. This is evidenced by the Relative Strength Index (RSI), which currently exceeds 50, indicating bullish pressure on the Dogecoin price as the token still has room for overbought conditions. On the other hand, the MACD indicator has shifted to the green zone, confirming bullish prospects for the Dogecoin price.

💡 Bitcoin Price Forecast: Bitcoin, the largest cryptocurrency by market capitalization, experienced a sharp decline from $49,000 to $40,300 in a week. This significant 17.8% drop may be linked to market concerns that the spot BTC ETF is perceived as a "sell-the-news" event, along with ongoing Grayscale Bitcoin asset liquidations.

📉 During this decline, sellers managed to break the support line of the ascending wedge, suggesting that the Bitcoin price may be set for an additional correction.

🔄 Reversal Model Signals a New Correction Trend in Action

📊 The formation of the ascending wedge pattern reflects the maturity of the recovery phase. The BTC price above the Fibonacci correction levels of 38.2% and 50% indicates that buyers are holding onto this asset firmly. Intraday Bitcoin trading volume is $12.7 billion, indicating a 52% loss.

📈 Recent two-month Bitcoin price recovery is characterized by the emergence of an ascending wedge pattern on the charts. Typically, this pattern signals a potential final surge of buyers before the cryptocurrency undergoes a significant correction.

🤔 Additionally, the discouraging BTC price dynamics, despite the launch of the First Spot BTC ETF, has led to a sense of demotivation and concern among investors. As a result, on January 12, there was a significant outflow of bitcoins, leading to a decisive breakthrough below the wedge model's support.

📉 This breakthrough resulted in Bitcoin's price falling to the Fibonacci correction level of 38.2%, with its current price at $41,800.

⚠️ If selling pressure continues, there is a possibility of the cryptocurrency's price falling by an additional 15%, potentially reaching a local support level around $35,550 USD.

🐋 Whale Activity Surges Amid Bitcoin Price Decline
📊 While the short-term Bitcoin price forecast appears bearish, network activity demonstrates notable development, reinforcing a bullish outlook. Renowned cryptocurrency analyst Ali Martinez recently shared on the X platform that there is a noticeable increase in the number of large Bitcoin investors, widely known as "whales." The tweet stated:
🐋 "Today marks a noticeable increase in the number of #Bitcoin whales! The number of addresses holding more than $1,000 USD BTC has reached the highest level since August 2022 and is currently at 1,510."
📈 Such an increase in the number of large #BTC holders may signal strong confidence or strategic positioning in the market.

📊 Price Trend Analysis: The current downtrend in Dogecoin's price can be tracked using the descending resistance trend line. This decline can largely be explained by the widespread uncertainty surrounding the approval of a Bitcoin spot ETF. During this period, the DOGE price has significantly dropped by 24%, decreasing from a peak of $0.107 to the current price of $0.813. Daily timeframe analysis shows that this decline has turned into a pattern that could signal potential further decline in DOGE.

📈 Analyzing the daily chart, it becomes evident that the Dogecoin (DOGE) price adheres to two key trendlines despite prevailing market conditions. The first is the descending trendline outlining the current corrective phase, providing dynamic resistance.

📉 The second is the support neckline of the well-known bullish reversal pattern "Head and Shoulders." This pattern, typically observed at market peaks, implies an inevitable trend reversal and a possible prolonged drop in the asset's value.

💡 Conversely, if the introduction of a Bitcoin spot ETF begins to have a positive impact on Bitcoin, the broader altcoin market, including Dogecoin, may also benefit. This scenario could lead to Dogecoin breaking above the resistance line, rendering the bearish scenario invalid.

💹 Potential Growth: In this case, the price of DOGE could potentially grow by approximately 35%, reaching around $0.11.

📊 Global In/Out of the Money Indicator: The Global In/Out of the Money (GIOM) indicator for Dogecoin provides a more positive outlook. Currently, 55.68% of DOGE holders are "in the money" (profit), and 38.81% are "out of the money" (incurring losses). This distribution indicates a relatively stable investor base that could support a bullish trend for Dogecoin in the future. However, a potential crash per the "Head and Shoulders" pattern may lead to losses for half of these addresses, increasing the likelihood of panic selling.

📈 Relative Strength Index (RSI): The slope of the daily RSI below 50% indicates that sellers firmly control this asset.

🔄 Exponential Moving Average (EMA): The coin's price fluctuating within a narrow range between the 50-day and 200-day EMA suggests volatility in market sentiments.

🚨 Disclaimer: Information was sourced from coingape and is not financial advice.

#cryptocurrecny #Dogecoin2024

Readyverse Studios, the brainchild of Futureverse, a company specializing in the metaverse, founded by writer Ernest Cline and film producer Dan Farah, has signed an intellectual property rights agreement for "Ready Player One" with Warner Bros. Discovery. According to Variety, the new studio will bring the virtual universe to life.

📖 For those unfamiliar with the book or film, "Ready Player One" is set in a dystopian future where much of humanity is connected to a virtual wonderland called the OASIS. The story follows Wade Watts, who investigates a series of clues hidden by the creator of OASIS within a global competition.

📅 The novel, which debuted in 2011, garnered several awards and was adapted by director Steven Spielberg in 2018.

🚀 According to Variety, the new metaverse inspired by RP1 is set to launch sometime this year, although the exact date has not been disclosed.

💬 "Thanks to Readyverse Studios, we have the opportunity to use the revolutionary technology that Futureverse has been developing for years to bring to life the best possible version of the metaverse," said Cline in a statement to Variety.

🌐 Visa Joins the Web3 Movement

Visa is testing a customer loyalty program for Web3. Brands can launch digital wallets that allow customers to accumulate points and experiences.

💡 "Imagine earning a unique digital collectible, whether it's buying tickets to a sports event or participating in a treasure hunt in augmented reality," said Kathleen Pierce-Gilmore, Senior Vice President at Visa and Global Head of Solution Issuance, in a statement.

📊 Interesting Stat:
OpenSea has become the fourth most popular NFT trading platform by weekly trading volume. According to DappRadar, it now trails behind Blur, OKX, and Magic Eden.

🔍 Also Worth Noting:
Influencer Logan Paul reportedly plans to refund those who purchased his unreleased NFT game CryptoZoo.

🎮 According to Kotaku, Paul is investing around $2.3 million in a buyback process for NFTs purchased by those waiting for the game's launch.

🦄 CryptoZoo was previously the subject of a YouTube investigation, claiming misconduct by some project participants. Paul argued that the project was "sabotaged by villains" who stole funds.

💬 "This buyback is a way for me to save those who intended to play CryptoZoo. The buyback is not intended to compensate those who played the cryptocurrency market and lost," Paul stated this week.

💼 AML (Anti-Money Laundering) cryptocurrency checks are a system of measures aimed at preventing the use of financial instruments for money laundering and terrorist financing. In the context of digital assets, AML policies are used to detect and prevent illegal financial transactions in the digital sector.

🤔 How does it work, and what are the key features of AML checks?

🔒 The process involves several stages, among which the following can be highlighted:

1)KYC (Know Your Customer).
Users need to provide personal information and documents to confirm their identity. Passport data, identity cards, or other identification documents are most commonly used. KYC, as part of AML checks, helps establish the authenticity of the client, verify their identity and address, allowing financial organizations to work with reliable and legitimate clients.

2)Transaction Monitoring.
AML checks involve a set of systems that continuously monitor transactions to identify suspicious behavior patterns or transfers that may be associated with illegal activities.

3) Risk Assessment.
AML involves assessing the potential risk of using financial resources for illegal purposes based on analytical data.

4) Legal Compliance.
If you need cryptocurrency, the exchange also uses the presented approach to determine compliance with international legislative requirements related to combating terrorism financing.

❓ In which cases may AML checks be required when dealing with cryptocurrency?

📈 Some AML policy rules already start functioning at the initial stages of interaction with cryptocurrency exchanges. Afterward, you may encounter the procedure in the following cases:
Conducting large transactions. When making significant transactions in buying or selling digital coins on exchanges, additional cryptocurrency checks may be required to comply with AML standards. Working with cryptocurrency wallets. When using online wallets for storing or transferring cryptocurrencies, a check of the origin of digital assets and identity may be required to enhance security and comply with AML requirements.ICOs and Crowdsales. Participating in Initial Coin Offerings (ICOs) or crowdsales of projects may require KYC and AML checks to guarantee the safety of investors.

🌐 AML policies in the cryptocurrency field help prevent financial crimes, money laundering, and terrorism financing, ensuring the safety of all users on leading cryptocurrency exchanges such as WhiteBIT, Binance, and KuCoin.

💻 By the way, one of the most popular companies engaged in auditing the security of Web3 projects is Hacken, which holds a key position in the market and timely conducts security audits. Their project list includes well-known names like NEAR, KuCoin, and 1inch.