Month: September 2024

Hamster Kombat (HMSTR) Gains Popularity with Play-to-Earn Model and Blockchain Integration

Tony Kim Sep 27, 2024 02:04 Hamster Kombat (HMSTR), a play-to-earn game on Telegram, attracts 200 million users and integrates with TON blockchain, enhancing gaming with cryptocurrency rewards. Hamster Kombat, a play-to-earn game, has rapidly gained a massive following of 200 million users since its launch in March 2024. Hosted on Telegram, the game allows users to engage in virtual battles with hamsters, earning in-game currency and rewards. The integration of the game with The Open Network (TON) blockchain, closely tied with…

Pendle Foundation, BitMEX Co-Founder Moving PENDLE To Binance—What’s Going On?

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PENDLE, the native token of Pendle, a real-world asset (RWA) tokenization platform, may be steady at press time. However, looking at CoinMarketCap data, the token is up 130X from its November 2022 lows and 41% from all-time highs registered in 2024. Whales Sending Tokens To Binance As prices cool off, there are emerging concerns. According to trackers, the Pendle Foundation, tasked with promoting the RWA platform, has been offloading tokens. At the same time, Arthur Hayes, the co-founder of BitMEX, one of the first crypto perpetual trading platforms, is selling.…

Cardano (ADA) Eyes 20% Price Surge – Funding Rate Suggests Increasing Demand

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Este artículo también está disponible en español. Cardano is trading at a crucial supply level that could spark a significant rally to new highs. After last week’s interest rate cut, optimism has surged among analysts and investors, with many anticipating strong upward momentum for the altcoin.  Related Reading This positive sentiment is reflected in spot trading and the futures market, where key data from Coinglass reveals a bullish inclination. The key market sentiment indicator of the funding rate suggests that traders are positioning themselves for a potential breakout. If Cardano…

Crypto Analyst Predicts What Will Drive The Ethereum Price Back Above $3,000 Again

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Este artículo también está disponible en español. Ethereum, the second-largest cryptocurrency by market capitalization, has yet to reclaim the $3,000 price level since early August. Since the beginning of September, Ethereum has mostly traded below $2,600, but this week brought a glimmer of hope for investors as it finally managed to break above the $2,600 threshold. Now that this resistance threshold has been broken, the next outlook is a continued surge up until the $3,000 price level. An analysis on the CryptoQuant platform points to a potential catalyst for this move…

Crypto PACs Dominate Ohio Senate Race, Spending $40M on Sherrod Brown’s Foe

If Brown loses, the chances get much higher that Republicans take the Senate majority, and Sen. Tim Scott (R-S.C.) potentially becomes the next chairman. Though Scott’s crypto views had long been muted, he recently cheered on digital assets innovations at the Nashville Bitcoin 2024 event, and at a symposium in Wyoming hosted by the SALT Conference, he floated a crypto-specific subcommittee if he wins the gavel. Source

US Charges Two Russian Nationals in Money Laundering Scheme Involving Crypto Exchanges

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The US government charged two individuals with operating a multi-billion-dollar money laundering scheme. Law enforcement agencies disrupted the global cybercriminal operation and seized websites associated with illegal crypto exchange activities. The US Department of Justice, alongside international partners, took down three cryptocurrency exchanges allegedly used to launder billions of dollars, particularly for ransomware operators, darknet drug traffickers, and other cybercriminals, the DOJ reported. Major Ransomware Operations The charged individuals of Russian nationality reportedly catered to criminals through their platforms by facilitating payments for stolen credit card data, ransomware profits, and…

Q4 Outlook Indicates Parabolic Move Toward $120,000

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Este artículo también está disponible en español. For the past five days, the Bitcoin price has remained locked in a narrow range between $62,000 and $64,000, following a surge of bullish sentiment triggered by the US Federal Reserve’s (Fed) decision to cut interest rates on September 18.  This pivotal move by the Fed has sparked optimism among investors. Yet, Bitcoin has struggled to consolidate above the critical $64,000 level, which, if surpassed, could pave the way for a retest of previously lost resistance levels, potentially targeting $70,000 in the near…

Bitcoin rallied on Thursday, but recent history says this pop will fade as well

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Bitcoin rallied on Thursday, but if trading this year is any guide, this pop will be one to fade. On the fundamental side, investors have had lots of seemingly positive developments to hang their hopes on. But looking at the bitcoin chart, it’s been six months since the flagship cryptocurrency hit its record above $73,000 It’s in a listless pattern, drifting to lower and lower highs. Bitcoin has had a lot going for it in that time — stocks have been climbing to new highs, both U.S. presidential candidates have…

Bitcoin Predictions Range From $56K To $180K: Analysts

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Este artículo también está disponible en español. The price of Bitcoin has been a heated issue recently since different financial institutions project different future images of it. Bitcoin is valued about $63,000 as of September 26, 2024; it shows some consistency following previous swings. Related Reading This price is still significantly higher than its value just a year ago when it hovered around $26,000. The cryptocurrency market remains volatile, and many analysts are weighing in on what lies ahead for Bitcoin. Predictions From Financial Institutions Various financial firms project different…