opbnb

#Layer2 Elon Musk, CEO and owner of X (formerly Twitter), recently had an exchange with DogeDesigner (@cb_doge), a prominent member of the Dogecoin team. During their casual chat, Musk gave his followers a hint about the platform's upcoming update. It all started with DogeDesigner suggesting that X remove the birdhouse icon, which now represents the home page. Musk promptly responded to this suggestion, saying, "We will." Such an update does not come as a surprise, considering the persistence with which the centibillionaire is removing everything associated with what X once was.
'Rich Dad Poor Dad' author Kiyosaki reveals true wealth secret formula
In a recent X post, Robert Kiyosaki, renowned financial expert and author of "Rich Dad Poor Dad" best-selling book, shared a piece of wisdom with his followers as the new week started. Kiyosaki recalled his life experience, writing that he has been "a winner and a loser" many times, as well as "rich and poor," feeling sorry for himself at his "pity party." The secret to success, according to the expert, lies in the ability to turn pity into personal power. Once you do this, your true wealth, health and prosperity comes forth. Kiyosaki has other wealth-building tools as well: previously, he advocated for gold and silver, calling them "God's money," as well as expressed his support for #bitcoin , considering it the "people's money."
The Shiba Inu ecosystem has recently witnessed the emergence of an enigmatic player, with his or her holdings valued at $33.6 million, or 4.596 trillion in SHIB equivalent. The wallet of this mysterious figure stands out as it does not hold any other cryptocurrencies but SHIB. Moreover, according to Etherscan data, it has no connections to any known #crypto addresses. The only interaction it has had is with another undisclosed wallet, which transferred the trillions of $SHIB tokens. At the moment, this wallet is the 25th largest holder of #Shibainu tokens.#opbnb

#trading With the SBF Trial entering its second week, Caroline Ellison is set to testify, opening up deeper insights into FTX's operation
Caroline Ellison, ex-girlfriend and business associate of Sam Bankman-Fried (SBF), who is also the key witness in his fraud trial, is set to take the witness stand this week.
Ellison’s Testimony to Share More Details
Ellison’s court appearance is happening as soon as Tuesday and her testimony is seen as pivotal in SBF’s case. It is expected that her testimony will expose the inner workings of the defunct #crypto exchange FTX and its sister trading firm Alameda Research.
Before the collapse of FTX and its subsidiaries, Ellison was the Chief Executive Officer (CEO) of Alameda Research. She was one of the few people who were privy to work closely with Bankman-Fried and therefore, had insights into his inner activities. Prosecutors strongly believe that all members of this “inner caucus” are aware of the truth behind the alleged fraud conducted by the embattled former CEO of the exchange.
The 31-year-old entrepreneur was indicted in November 2022 for the role he played in the collapse of FTX. According to prosecutors, Bankman-Fried had long planned the fraud and had been using customers’ assets to fund his lavish lifestyle, buying real estate and several speculative investments.
As expected in any high-profile legal case of this nature, SBF claimed that he is not guilty of any of the charges levied against him.
Ellison and Gary Wang Pleads Guilty
When approached with charges about SBF’s siphoning of billions of dollars in FTX customer funds to the sister trading firm and the part she played in it, Ellison pled guilty and also agreed to work with prosecutors to get to the root of FTX’s implosion.
Gary Wang, another FTX executive, also pleaded guilty to the charges levied against him.
Wang is one of the executives from FTX that has testified about the illicit activities of the exchange. With Ellison taking the witness stand, she is likely to mention a meeting that was held with Alameda employees in 2022.
In this meeting, Ellison admitted that Alameda Research redirected FTX customers’ deposits to repay loans. Moreso, she established the fact that Bankman-Fried was aware of and authorized the transaction.
The intricate and sour relationship between SBF and Ellison has pushed him to share her personal document to The New York Times, an offense that the DOJ claims is witness tampering and has catalyzed his incarceration in jail throughout this trial.#opbnb #DeFiChallenge #Shibainu

#Layer2 Gamza Khanzadaev
Shiba Inu's Shibarium scores hat trick as three big milestones passed in one day
In a groundbreaking achievement, Shibarium, the Layer-2 protocol developed by the Shiba Inu team, has shattered three significant records in a single day, marking a historic moment in the blockchain ecosystem.
Related
Altcoins Like Shiba Inu (SHIB) in Danger as Golden Cross Emerges on Key Chart
Just three weeks following its full-scale launch, Shibarium proudly boasts the staggering milestone of processing over three million transactions on its network. Despite a recent dip in transaction activity on the SHIB blockchain, this remarkable feat underscores Shibarium's resilience. Over the past week, the protocol has consistently recorded an average of 41,500 new transactions per day, demonstrating its enduring popularity and utility.
Another impressive milestone is the deployment of more than 10,000 smart contracts on Shibarium. Of these, 438 are already verified, with this number steadily increasing day by day. The #Shibainu team continues to extend an open invitation to #crypto enthusiasts and developers to utilize Shibarium, emphasizing the platform's promise of unrestricted creative freedom.
Finally, the third, but no less important, achievement was reaching 1.25 million addresses, which is also a mini anniversary. After the first million Shibarium addresses were reached just a week after the protocol was launched, the growth of this metric slowed down considerably. However, as we can see from the rapid growth of other metrics, this rate and the existing volume are more than enough for now.
Related
$SHIB Burns Rapidly Increase by 317% as Price Shows Rise
The triple achievement underscores Shibarium's prowess as a promising Layer-2 protocol and highlights its capacity to handle massive transaction volumes and support a thriving ecosystem of smart contracts.#opbnb #crypto2023

#Layer2 Shiba Inu could be gearing up for a rally after a metric has flashed bullish. This metric has to do with the recently launched Shibarium network whose usage is continuing to rise rapidly. This time around, the #Ethereum Layer 2 blockchain has seen a significant surge in the number of new verified contracts.
Verified Contracts On Shibarium Record 530% Spike
On Monday, September 18, the total number of new verified contracts on the Shibarium network saw an impressive increase. The figure rose 530% to mark a top 5 highest day for new verified contracts on the network. This figure had risen from 4 the previous day to 19 on Monday.
Related Reading: This New Development Could Stop The Optimism ($OP ) Price Dead In Its Tracks
Number of new verified contracts spikes | Source: ShibariumScan
While there was a decline in the number of new verified contracts the following day, the numbers continued to come out larger than Sunday’s figures. On Tuesday, the total number of new verified contracts came out to 12, still 300% higher than Sunday’s figures.
This spike in the number of new verified contracts saw the total number of verified contracts rise to a new all-time high of 430 as of Wednesday morning. The growth is also evident in other metrics such as total accounts which crossed 25,700, and completed transactions on the network almost at 2.7 million.
However, it is not all ‘up-only’ for the network given that active accounts have been on the decline. As of Wednesday, active accounts on Shibarium stood at 589, down from its 7,729 peak recorded on August 26, 2023.
Will This Trigger A #Shibainu Spike?
Shiba Inu plays a significant role in the Shibarium ecosystem as its governance token and increased usage on the network leads to higher demand which translates to higher prices. This could be the case here with the rise in new verified contracts.
Usually, for networks that facilitate decentralized finance (DeFi) protocol, a rise in new verified contracts means more developers are choosing to build on the network. More protocols can inadvertently draw in more users, meaning more demand on the network.
Related Reading: How Much Will Dogecoin Trade At If It Attains The Market Cap Of Bitcoin Or Ethereum?
However, Shibarium is still struggling to find its footing with only 20,000 new transactions recorded on Tuesday. Its Total Value Locked (TVL) has also fallen from its all-time high of $1.47 million to $600,000 at the time of writing, suggesting dwindling interest in the network.
The meme coin is also trading below its 50-day and 100-day moving averages. While this can be bearish for the coin’s price, it could also serve as a lift-off point for the digital asset if the #crypto market were to begin another bull rally.
Follow Best Owie on X (formerly Twitter) for market insights, updates, and the occasional funny tweet… Featured image from Times Tabloid, chart from TradingView.com#opbnb $SHIB

#crypto2023 #Layer2 Important alert issued to SHIB, BONE, LEASH and Shiboshis holders
Shibarmy Scam Alerts, an X account dedicated to exposing scams and protecting the Shiba Inu community, has reiterated a warning from the Shibarium Discord team.
Shiba Inu users are strongly advised not to connect their wallets containing SHIB, BONE, LEASH, ShibTheMetaverse, Shiboshis, or any other assets to unknown dApps.
Hey there, #Shibizens!
We really want to stress the importance of not connecting your wallet, which holds your precious $Shib $Bone $Leash, #Shiboshis, #ShibtheMetaverse, or any other assets, to unknown Dapps. It's crucial to be cautious and aware of the potential risks in order… pic.twitter.com/ra1rWuPQUB
— Shibarmy Scam Alerts (@susbarium) September 30, 2023
It was reiterated to the Shiba Inu community that there is a critical need to be cautious and aware of the potential risks to protect themselves from scams or misleading activities or information. They would also need to take necessary precautions in this regard.
In this light, Shiba Inu users are urged to always do their research, stay informed and always be cautious when connecting their wallets to unknown dApps.
Shiba Inu community urged to beware
First and foremost, the Shiba Inu community should be wary of phishing dApps. Bad actors often create dApps almost identical to legitimate platforms associated with SHIB, BONE, LEASH, Shiboshis, MV, or other assets.
In this regard, Shiba Inu users are advised to constantly double-check the dApp's name and URL to ensure it is the official and trusted version.
Second, Shiba Inu users should be on alert for fake dApp accounts. Scammers could create fake accounts on dApp platforms, claiming to represent reputable projects or services related to the Shiba Inu ecosystem. Shiba Inu users should verify the legitimacy of the account and the dApp before conversing or revealing any personal information.
Third, the Shiba Inu community should be wary of unsolicited messages, as scammers may use email or chat platforms to imitate well-known projects or team members linked with $SHIB , BONE, LEASH, Shiboshis, MV, or other assets. In this regard, Shiba Inu users should always confirm the sender's identity before acting.
Fourth, Shiba Inu users should keep an eye out for slight variations in the spelling or formatting of token names. Scammers enjoy inventing tokens with names that are eerily similar to known ones, all in the hopes of duping unsuspecting investors. As a result, before interacting with any dApp, users should ensure that they are dealing with the official token name and accompanying details.
Finally, #Shibainu users should be cautious of unofficial channels. They should instead stick to the official communication channels of Shiba Inu ecosystem projects or groups. They should also refrain from doing financial transactions or providing sensitive information through unofficial channels.#opbnb #ETH

#Layer2 The dazzling world of cryptocurrencies is characterized by its oscillating fortunes, where tokens jostle for position, driven by market dynamics and traders’ sentiments. While some coins cement their dominance in this digital playground, others emerge with promising potential, disrupting the status quo.
Amidst the turbulent waves, Shiba Inu (SHIB) showcases its presence, becoming the talk of the town. But in the eyes of many crypto experts, the newcomer, Grimace, has the potential to become the new market leader. Rushing past the underperforming coin mentioned in this article.
#Shibainu (SHIB): The Meme Token’s Current Stride
Currently nestled between the price range of $0.0.00000721 and $0.00000736, Shiba Inu (SHIB) balances on the tightrope of trader sentiment. The crypto token, born as a meme and evolved into a contender, continuously seeks to solidify its place in the market hierarchy. As it maneuvers through the volatile landscape, Shiba Inu is persistently under the watchful eyes of traders, offering both opportunities and challenges.
Shiba Inu’s recent price actions paint a vivid story. The coin reached its 13-week high at 0.0000113, showcasing its capability. But like every cryptocurrency, it has faced its challenges. With key turning points like crossing the 9-18 Day Moving Average at 0.0000086 and stalling upon touching the 40 Day Moving Average at 0.0000083, SHIB’s trajectory has been nothing short of an exhilarating roller coaster ride. Recent market dynamics suggest that while SHIB might face a few hurdles, it’s poised for more exciting maneuvers in the coming days.
There’s no denying that Shiba Inu has had its moments under the sun. However, the token’s future trajectory remains clouded with uncertainty.
While past performance and key turning points suggest a robust growth potential, market volatility challenges, increasing competition, and global economic conditions can throw a spanner in the works.
If you’re interested in a more predictable, potentially lucrative project, read about Grimace.
Grimace (GRIMACE): A Force to be Reckoned With
GRIMACE, a cryptocurrency that emerged on Dogechain (DOG-20) in April 2023, was initially born out of hype but has defied expectations with its continued growth.
Pioneering Success
The early achievements of GRIMACE were pivotal in shaping the coin’s future prosperity. By late April 2023, the cryptocurrency had already become the network’s transaction volume leader. In May 2023, a remarkable milestone was reached when 90% of all Dogechain transactions were associated with $GRIMACE, showcasing the coin’s immense popularity.
Monumental Milestones
The listing on a prominent crypto exchange platform on June 12, 2023, attracted a surge of new users eager to engage with the cryptocurrency. The next day, trade volume soared by a startling sevenfold, reaching a daily peak of $25,000,000.
Getting listed on another major exchange on August 12, 2023, marked the next step in GRIMACE’s upward trajectory. Consequently, the coin’s market exposure, liquidity, and trading volume all experienced substantial growth, culminating in a peak daily trading volume of $60,000,000.
From its lowest point, the #cryptocurrency witnessed a 6.5-fold increase in value. Its remarkable ascent from $4.8 to $28 is a testament to this growth. By August 25, 2023, the value had surged to $92, signifying a remarkable x19 increase.
Continued Success: $1,000 Per Coin Beckons
As industry experts suggest, Grimace is highly likely to reach $1,000 by the end of 2023.
In Hindsight: Reflecting on the Market’s Movers and Shakers
Cryptocurrencies remain one of the most unpredictable yet enticing sectors for market enthusiasts. Shiba Inu ($SHIB ) continues to captivate traders with its roller-coaster journey. On the other hand, with its unforeseen growth, Grimace serves as a reminder that in the #crypto world, sometimes, surprises come in the most unexpected packages.
Right now, it does seem like $GRIMACE is your ONE-WAY TICKET to the BIG TIME! With a switch to Arbitrum, your $50-$55 is a BOARDING PASS to potential PROFIT. Don’t miss the flight to FINANCIAL FREEDOM. JOIN Telegram community and SOAR WITH >1.8K HOLDERS!
Disclaimer and Risk Warning
The article is intended for informational purposes only and should not be considered professional advice or a substitute for specific expertise. Coinpedia is not responsible, directly or indirectly for any losses incurred as a result or in connection with the utilization or dependence on any content, products, or services mentioned. Readers should do their research before taking any actions related to the company. Contact us if you have any issues or concerns#opbnb

#Layer2 Gold takes a rocky path to $1,940.00 on Fed reaction, decides to walk down on Fed rate call.Fed outlook sees inflation slightly higher than predicted and holds steady on rates.XAU/USD waffled on market reaction, recovery rally fails to extend.
The XAU/USD slipped to $1,940.00 after the Federal Reserve (Fed) held benchmark interest rates at 5.5% for the time being. The Federal Open Market Committee (FOMC) released their inflation expectations looking forward, seeing inflation a little bit higher than it previously forecast.
Fed Chair Jerome Powell took the podium to outline the Fed's position in a speech shortly after the rate call, and his overall tone kept Gold prices bolted to their initial reaction levels.
Read More:
Jerome Powell speaks on policy outlook following the decision to hold interest rate steady
Fed dot plot points to one more 25 bps hike in 2023 and 50 bps cut in 2024
According to the Fed's 'dot plot', the Summary of Projections (SEP), the US central bank is still on pace to deliver one last 25-basis-point hike in 2023. The median of Fed officials sees the official Fed funds rate at 5.1% by the end of 2024.
Fed Chair Jerome Powell reiterated the Fed's dedication to achieving their long-term 2% inflation target. While Chair Powell noted that the Fed is very likely to be near the top of the rate hike cycle, but reaffirmed that the Fed will base its future decisions on data.
XAU/USD technical outlook
Gold prices initially ramped up during the pre-Fed Wednesday trading session, lifting from the day's opening near $1,931.00, reaching a peak of $1,947.00, just beneath the $1,950.00 critical level.
The XAU/USD swamped out following the Fed, declining to the $1,940.00 level before staging a profit-taking rally that ultimately failed to recover the day's high, and Gold is set to decline further from $1,940.00 if buyers remain on the sidelines.
On daily candlesticks, Gold saw a clear rejection from the 100-day Simple Moving Average (SMA), and current price action is seeing support from the 200-day SMA currently floating up to $1,925.00.
XAU/USD daily chart
XAU/USD technical levels
XAU/USD
OverviewToday last price1940.48Today Daily Change9.10Today Daily Change %0.47Today daily open1931.38

TrendsDaily SMA201924.58Daily SMA501931.99Daily SMA1001945.57Daily SMA2001923.66

LevelsPrevious Daily High1937.44Previous Daily Low1929.79Previous Weekly High1930.77Previous Weekly Low1901.07Previous Monthly High1966.08Previous Monthly Low1884.85Daily Fibonacci 38.2%1932.71Daily Fibonacci 61.8%1934.52Daily Pivot Point S11928.3Daily Pivot Point S21925.22Daily Pivot Point S31920.65Daily Pivot Point R11935.95Daily Pivot Point R21940.52Daily Pivot Point R31943.6#opbnb #crypto2023 #BTC #ETH

#Layer2
$
BTC$27,010ETH$1,617BNB$214XRP$0.51ADA$0.252USDC$1.00USDT$1.0000DOGE$0.06SOL$20BCH$214XMR$147.8ZEC$26NEO$7.62XLM$0.116MIOTA$0.15UNI$4.36YFI$5,351MATIC$0.54DASH$27BAND$1.08LINK$6.83DOT$4.14COMP$40.57AAVE$65.36SUSHI$0.61SNX$2.12CAKE$1.17EOS$0.58
Investors who have dollar-cost averaged into Bitcoin over time are profitable regardless of when they began implementing the strategy.
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MARKET ANALYSIS
The weighted average cost of purchased Bitcoin recently reached a level signifying that all investors who have consistently dollar-cost averaged into the leading cryptocurrency are now in the black, regardless of how long they have been holding.
This news comes despite the price of Bitcoin, as measured in U.S. dollars, still being down by over 50% from its all-time high of around $69,000.
Dollar-cost-averaging (DCA for short) is a strategy that consists of making regular purchases of an asset for a fixed dollar amount. The idea is that by spreading buy orders out over time, volatility can be mitigated. Some buys will execute at lower prices while others will be executed at higher prices. This method can be particularly appealing for an asset like Bitcoin, which has been known for its legendary volatility.
And yet, many financial pundits in the space still cling to the notion of Bitcoin’s
BTC
$27,010
entire existence and market cap of nearly $600 billion being based on a Ponzi scheme of some sort. Others continue to deny that saving in the hardest form of money ever known has, so far, been an excellent investment thesis — one that has outperformed all others.
Yes, there may be risks. And yes, volatility definitely comes with the territory. But looking at such factors in a vacuum does not make for adequate analysis of any investment. The alternative strategies available must be taken into consideration, along with other variables such as:
What is the current macro environment, and how might it change going forward? What impact might this have on different asset classes and their performance?What risk/reward ratio does one strategy offer in comparison to others?Can diversification lead to an optimized risk/return profile, or does YOLO’ing all-in provide better returns?
These are just a few potential questions that could be worth investigating when it comes to arguments against dollar-cost averaging (DCAing) into BTC for the long term.
Bitcoin outperforms traditional investments
Some investors, like those at Adamant Research, have been pointing out the reality of Bitcoin’s most favorable risk/reward ratio for many years:
“We assert that the long term risk reward ratio for Bitcoin is currently the most favorable of any liquid investment in the world. We expect for it to trade in a range of $3,000 to $6,500 after which we foresee the emergence of a new bull market.”
The group made similar statements during the bear markets of 2015 and 2011 as well.
Many traditional investments, like gold, real estate, or a portfolio consisting of 60% equities and 40% bonds, have significantly underperformed compared to DCA'ing into Bitcoin.
The following chart illustrates the relative performance of several currencies and asset classes against BTC quite well:
Needless to say, when it comes to comparing the performance of a DCA strategy in Bitcoin versus literally any other asset, there is little comparison to be made.
To diversify or not?
Traditional asset managers tend to abide by certain rules, one of them being the idea of rebalancing. When a particular asset outperforms, profits should be taken and distributed elsewhere, according to this line of thinking.
It can be considered a form of diversification “on the go,” so to speak. But whether discussing diversifying from the onset of constructing a portfolio or as time goes on, how would such a strategy compare to going all-in on what has so far been considered one of the riskiest, most speculative assets of all time?
The answer is simple: Doing so would be “selling the winner to buy the losers,” as investor Michael Saylor has said.
On a five-year basis, BTC/USD is up 376%. Compare this to about 55% for the S&P 500 or gold.
Taking profits from Bitcoin at any point in time and putting them into other assets would have decimated a portfolio’s potential. Income from dividends doesn’t compensate, except for those working with multimillion-dollar portfolios. And even then, the potential income would be dwarfed by the capital gains of holding a large Bitcoin position.
While the concept of “risk” often implies volatility and potential downside, what about the risk associated with “playing it safe?” Some argue that investors should also be concerned about the potential of their portfolios to barely keep pace with the rate of inflation, which has become a significant risk in recent years.
Related: CPI meets low BTC supply — 5 things to know in Bitcoin this week
Macro trends to consider
Proponents of Bitcoin and the DCA strategy have long since contended that BTC serves as the ultimate hedge against monetary inflation and overall financial market uncertainty.
Despite critics’ best efforts aimed at destroying this narrative, it has prevailed.
Look no further than the banking collapses of 2023 and Bitcoin’s resulting rally for proof. Furthermore, while the saying “so much for an inflation hedge” became popular in 2022 as BTC fell sharply from its all-time high, that idea strangely seemed to go by the wayside in 2023.
When it comes to money printing, there is perhaps no #crypto meme more famous than “money printer go brrr.” This meme depicted Federal Reserve Chair Jerome Powell at a printing press spewing freshly minted US dollars.
A big reason that meme was so successful was the truth behind it: The growth of the M2 money supply has been highly correlated to the price of $BTC /USD since its inception.
While money supply and velocity have been trending downward as of late, there’s little reason to believe that the monetary policy of quantitative easing (QE, also sometimes referred to as money printing) has vanished completely. More likely, it simply lies dormant for a time.
Slow and steady wins the race
For many Bitcoin and crypto cynics, no amount of evidence will alter their convictions. Once a Ponzi scheme, always a Ponzi scheme, in their view. But hodlers have taken the orange pill and seen the truth while reaping the just rewards.
While Bitcoiners can invite others to the cause, no one can force a worldview on another. Even if that view has long since become self-evident.
#BTC is up 87% year-to-date. Still, the price remains 44% beneath the all-time high of $69,000. The next halving is less than one year away, projected for May 2024.
Following this event, along with the prospect of increased institutional adoption in the immediate future, it’s widely anticipated that the #bitcoin price could reach six-figure territory and beyond during this cycle.
Disclaimer: The information contained on this widget is not intended as, and shall not be understood or construed as legal, tax, investment, financial, or other advice. Nothing contained on this widget constitutes a solicitation, recommendation, endorsement, or offer by Cointelegraph or any third party service provider to buy or sell any cryptoassets or other financial instruments. We advise you to spend only what you can afford to lose, and always seek independent financial advice if you are in doubt. You should not purchase any cryptoassets if you do not fully understand the nature of your purchase and the risks involved. We recommend that you refer to the issuer’s/ advertiser’s t&c and help/ support pages for more information.#opbnb

#Layer2 U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler filed testimony before House Committee on Financial Services hearing.
Ahead of the U.S. House of Representatives Committee on Financial Services hearing on September 27, 2023, U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler appears likely to repeat stance he took during the recent hearing before the Senate Committee on Banking, Housing, and Urban Affairs.
Also Read: Bloomberg Analyst Reveals One Absent Piece in Franklin’s Bitcoin ETF Race
Gary Gensler Hearing: What To Expect
On September 12, 2023, CoinGape reported Gensler’s statement that crypto industry is rife with fraud, abuse, and misconduct. Similarly, he repeated the statement in his latest testimony submitted before the House Committee on Financial Services. The hearing is titled ‘Oversight of the Securities and Exchange Commission’ and will be livestreamed at September 27, 2023 at 10 AM eastern standard time. Extending the US SEC’s widely criticized stance on crypto regulation, Gensler had in the testimony stated, “Most crypto tokens are subject to the securities laws.”
Further, he gave a prior notice of silence on ongoing litigations like the #XRP lawsuit and the Grayscale spot ETF conversion ruling. When asked about the SEC’s actions so far on the approval of spot Bitcoin exchange-traded funds (ETFs), Gensler said it was work in progress with the agency officials. Contrary to Gary Gensler usual style of communication, the Commission’s chair has been relatively silent on the crypto enforcement part since the XRP lawsuit Summary Judgment came out.
“While I’m happy to discuss the SEC’s work, I will not be able to comment on any active, ongoing litigation.”
In a memorandum to the Committee from the Republicans mentioned the SEC’s past actions like the definition of crypto trading platforms and companies running crypto custodial activities. Hence, questions are likely to come up on these lines. In addition, Congressman Blaine Luetkemeyer sent a letter to Gensler along with the Financial Industry Regulatory Authority (FINRA) on concerns of the two bodies’ scrutiny of registered broker dealers with ties to the Chinese Communist Party like Prometheum and Webull.
It may be recalled that since May 2023, the SEC had been under fire from several lawmakers and members of the crypto community for approving Prometheum’s application to offer custody of digital assets following FINRA approval.
Timeline For Crypto Regulatory Framework
In the context of the recent legislative actions to implement laws around crypto industry, the members of House Committee may likely grill the SEC Chair on specifics about timeline based framing of the United States #crypto regulatory framework. In a latest development, a bipartisan coalition of lawmakers has urged Gensler to speed up the spot ETF approval process in the context of the recent court filings like the Grayscale verdict that granted motion to convert the company’s Bitcoin Trust into a spot Bitcoin ETF.#opbnb #crypto2023

#Layer2 The Empower Oversight group has filed a Freedom of Information Act (FOIA) request to unearth the communications of former SEC Chair Clayton.
In a continuous effort to enhance transparency and accountability in governmental agencies, Empower Oversight Whistleblowers & Research (“Empower Oversight”) has recently submitted a new Freedom of Information Act (FOIA) request. This application seeks explicit records of communications between Jay Clayton, the former Chairman of the Securities and Exchange Commission (SEC), and various individuals potentially linked to the SEC’s controversial cryptocurrency enforcement decisions.
Clayton’s Controversial Crypto Journey
From May 4, 2017, to December 23, 2020, Clayton notably declared Bitcoin was not a security. Furthermore, affirmations from senior SEC officials echoed his stance on Ether. Significantly, these announcements bolstered the value of both tokens. However, as Clayton’s term ended, the SEC’s sudden lawsuit against Ripple, claiming its #XRP token was a security, threw the cryptocurrency community into a whirlwind of speculation.
Consequently, eyebrows raised when Clayton joined One River Asset Management post-SEC, a hedge fund centering solely on Bitcoin and Ether investments. Given these developments, Empower Oversight intensified its efforts to unearth any behind-the-scenes communication between Clayton and several identified individuals during his time at the SEC.
New Insights Bring New Questions
Additionally, with Empower Oversight’s recent FOIA request, the organization seeks comprehensive communication details between Clayton and figures such as Jasmine Burgess, John D’Agostino, and others. Besides trying to piece together Clayton’s decisions, Empower Oversight is determined to ensure no conflicts of interest during Clayton’s leadership.
Moreover, this move comes at a crucial juncture, with the SEC facing flak from cryptocurrency advocates and leading US legislators. Notably, Patrick McHenry, Chairman of the House Financial Services Committee, criticized the SEC for its lack of transparent regulation concerning crypto-related activities in the US.
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Empower Oversight’s previous requests have already led to revelations. Notably, former senior SEC official William Hinman’s ties with his past employer, Simpson Thacher, garnered attention due to the potential implications of a conflict of interest. Hinman’s public declaration that #Ethereum was not a security contrasts starkly with the SEC’s previous references to similar tokens as unregistered securities.
Hence, as the inquiries deepen and the lines connecting the dots become more evident, the #cryptocurrency realm eagerly waits for clarity. These investigations will bring much-needed transparency and fairness in the rapidly evolving world of digital currencies.#opbnb

#crypto2023 A potential breakout from the overhead trendline could accelerate the bullish momentum in BTC Price.
Throughout September, the #bitcoin price action has been largely confined to a narrow trading range, demonstrating a period of consolidation. During this time, a descending trendline consistently provided resistance, fueling expectations for an extended corrective phase among traders. However, the recent market surge—partly catalyzed by rising concerns of a U.S. government shutdown—saw BTC price attempting another breakout from this overhead barrier, igniting hopes for a renewed bullish phase.
Will the Current Recovery Surpass $28000?
The BTC price above the daily EMAs(20, 50, and 100) could offer additional.
A bullish breakout from the resistance trendline could surge the coin price by 4%
The intraday trading volume in Bitcoin is $6.2 Billion, indicating a 6% gain.
Source-Tradingview
Over the last six weeks, the Bitcoin price has encountered resistance from this overhead trendline on three separate occasions, illustrating that traders have been capitalizing on bullish spikes to sell. Today’s trading was no different; despite an intraday gain of 0.7%, the price met increased selling pressure at around the $27,200 mark.
This resulted in a long-wicked candlestick, hinting at the possibility of an imminent bearish reversal. Should the price dip below the low of $26,671 set on September 29, a further decline toward the $25,000 level would become increasingly likely.
However, the prevailing bullish sentiment suggests another potential outcome. If the daily candle manages to close above this key resistance level, we could see the price make a swift 4% recovery to meet the next level of resistance at $28,200, aligned with the descending trendline from previous highs.
A definitive breakout above this point could serve as a strong indicator of a more durable recovery, potentially propelling the $BTC price past the significant psychological milestone of $30,000.
1 BTC to USD=$27982.655
Buy / Sell
BTC
USD
BTC vs ETH Performance
Source: Coingape| Bitcoin Vs Ethereum Price
Coming to the past month’s price behavior in the two leading cryptocurrencies Bitcoin and #Ethereum , both have showcased the mid-term trend sideways. However, the Ethereum price has outperformed #BTC in last week’s recovery, indicating it is a better asset to ride the current rally.
Exponential Moving Average: The buyers’ reattempting to reclaim the 200-day EMA slope would offer an additional edge to buyers.
Average Directional Index: An uptick in the daily ADX slope reflects the buyers have enough potential to extend further recovery.#opbnb

#Layer2 Latest data from Kaiko, a blockchain analytics firm, reveals that while XRP prices are down 46% from July 2023 highs, its liquidity has significantly improved in the past two months, expanding 50% from $8 million to $12 million as of early September.
XRP’s Liquidity Rising
The jump in market depth follows a United States court ruling in July that negated the Securities and Exchange Commission (SEC) assertions that the coin was an unregistered security and that Ripple, the blockchain company that relied on the token on its On-Demand Liquidity (ODL) solution, had illegally raised billions in their initial coin offering (ICO).
Based on market data, XRP’s market depth, a metric used to measure a digital asset’s supply and demand at every price level, has steadily risen. However, the analytics platform notes that the 50% jump in liquidity is amid a sharp contraction in trading volumes and prices.
While liquidity has spiked, it still needs to be determined whether buyers are stronger than sellers at any price point, a reading that could help traders determine the short to medium-term trajectory. In an environment with stronger buyers, it hints that demand is high, a development that could support prices going forward.
Bears In Charge, Coin Down 46% From July Peaks
Price action data shows that XRP prices rapidly soared on July 13, rising nearly 100% as prices moved from $0.47 to $0.933. While there was optimism that there would be a follow-through that could lift XRP prices above $1 in the session ahead, prices have been cooling off steadily over the past two months.
Down 46% from July 13 peaks, XRP is changing hands at the early July 2023 zone, though trading volumes are within average when writing.
It is not clear whether prices will recover from spot rates. What’s apparent is that XRP prices are still boxed within the July 13 bull bar, and buyers have a chance, based on volume analysis, provided prices are above July 2023 lows at around $0.45.
Presently, XRP is also down 70% from April 2021 highs, and bears are in control from a top-down preview despite the current upswing that has shifted sentiment following last year’s dump that saw $XRP drop to around $0.30.
While Ripple registered a partial win in the July ruling, buoying #XRP prices, the SEC intends to appeal. Even so, more analysts are convinced that the two parties will settle before the case goes to trial. This may support prices.
Some experts note that this settlement will be in the best interest of the regulator since a trial will mean Ripple might call “#Ethereum ICO Insider,” Steven Nerayoff, as a witness. Nerayoff recently stated that Ethereum got preferential treatment during its initial coin offering (ICO).#opbnb #crypto2023

While the crypto market began September with a downward trend, it concluded the month on a high note, with Bitcoin (#BTC ) stabilizing just under $27K and Ethereum (#Ethereum ) trading close to $1,650. As we step into October, there’s curiosity about which altcoins might shine. Given the continued interest in #bitcoin Cash (BCH), Chainlink (LINK), and Maker (MKR), these altcoins could potentially experience a bullish surge, making it an “Uptober” to remember.
Will Altcoins Take Over Bitcoin?
This month, as Bitcoin fell short of its bullish targets, investors have been leaning more towards altcoins. Consequently, several altcoins like Toncoin (TON) and Terra Luna Classic (LUNC) experienced significant surges.
Yet, with Bitcoin’s price regaining momentum, the altcoin season index has declined from its peak of 56 to a current level of 35. This shift has introduced a mixed sentiment and caution in the altcoin market.
Bitcoin Cash (BCH) Price Analysis
Buyers sent BCH price to a high of $245, surging past the 20-day EMA. However, the momentum was short-lived as bears soon made their entry to plunge the altcoin below the 23.6% Fib channel. As of writing, BCH’s price is trading at $236, surging over 2.3% from yesterday’s rate.
Should the price remain above the range, it would suggest that patience is leaning toward buyers. The $BCH price might then ascend to the next resistance level at $266. This resistance is pivotal, as surpassing it could pave the way for a potential surge towards the target of $300 in October.
Chainlink (LINK) Price Analysis
Chainlink price is currently retesting the channel’s upward line as it faces minor selling activity around $8.1. However, buyers are strongly defending an immediate decline by holding the price above the pattern’s support line. Currently, $LINK price is trading at $8.16, with an uptick of over 4% in 24 hours.
A successful breach and settlement above the upward trend line will negate any bearish descending triangle formation. Typically, when a bearish pattern doesn’t succeed, there’s a significant upward surge as sellers rush to cover their short positions and eager bulls begin purchasing. This momentum might drive the LINK price towards $8.8.
If the price declines from the trend line, it will suggest that bears are exerting pressure at higher levels. For a potential retest of $6.9, sellers would need to pull the price below $7.8.
Maker (MKR) Price Analysis
Maker ($MKR ) experienced a bounce from the 20-day EMA at $1,433 today, suggesting a continued positive outlook as investors capitalize on price dips. The extended wicks on the candlesticks indicate selling pressure from the bears around the 38.2% Fibonacci mark of the current level. Nonetheless, the bullish momentum is strong as the price hasn’t dropped below the 50-day EMA.
For a potential rally, buyers need to push the price beyond $1,696, aiming for a challenge at the significant resistance of $2,000. This bullish perspective will be negated if the price takes a downturn, falling under $1,369.#opbnb

#Layer2 The post Tron Price Recovery, Decentraland Shaping a New Reality for Investment, Pomerdoge Setting the Standard appeared first on Coinpedia Fintech News
Today’s article shines the spotlight on three separate currencies that have recently attracted the interest of investors. Tron (TRX) is making a strong price recovery, while Decentraland ($MANA ) empowers users with true ownership of digital assets, igniting enthusiasm among its community. Lastly, Pomerdoge (POMD), a meme coin writing its own narrative through a play-to-earn system and Pomerplace marketplace.
The Pomerdoge (POMD) Presale
Tron (TRX) Price Recovery
The Tron network runs a blockchain-based operating system that allows complex programs deployed on its decentralized network. Initially created to improve content creator benefits, it expanded its services to include blockchain-based games and other businesses.
The TRX coin has seen a modest price increase following a recent market crash. As a result, the Tron coin has now secured a position within the top ten cryptocurrencies. With a current market capitalization exceeding $7 billion, increasing by over 3% in the last month alone.
Particularly noteworthy is the impressive 18.99% growth the Tron coin price has recorded over the past six months. Due to its strong performance in 2023, the $TRX coin is now considered a promising choice for altcoin investments.
Decentraland Shaping a New Reality for Investment
The Decentraland community, as represented by Decentraland DAO members, is critical to the governance of this metaverse. They premium loyalty, openness, and community interaction to ensure the platform’s success and long-term viability.
The vision in which people have complete ownership over their digital assets, including the ability to create their own unique characters, purchase and develop virtual land, and genuinely own what they own in the digital domain, has become a reality with the Decentraland #crypto .
In the latest updates from September, Decentraland has shown resilience by defending the $0.28 price level. The consistent protection of the $0.280 support level has instilled hope and excitement among investors anticipating significant growth and potential value appreciation.
Pomerdoge (POMD): A Meme Coin Opportunity Worth Considering Ahead of Decentraland
Pomerdoge (POMD) distinguishes itself from other meme coins by telling its own story through a play-to-earn (P2E) system and an interactive game called Pomergame. POMD coin is a promising new cryptocurrency with numerous advantages to prospective investors.
The ecosystem of Pomerdoge also includes a marketplace and NFTs collection, which increases its appeal as an investment choice. Considering the current low price, buying now could put you in a position to profit from potential growth patterns later on.
Now its price is $0.0165. Pomerdoge (POMD) is an outstanding early investment opportunity with an experienced staff dedicated to its development. Analysts predict that POMD will increase by 3,500% before the end of the year, making it an excellent investment for your #cryptocurrency portfolio.
POMD Presale investors can get a share of the money generated by the game proportional to the number of tokens they own. In addition, Pomerdoge is considered one of the safest presale projects as the liquidity will be permanently locked in the ecosystem, preventing a rug pull event. #opbnb #crypto2023