XRP Price Poised for Mega Breakout
Ripple (XRP) shows potential for a breakout with tight Bollinger Bands and a golden cross pattern. Retesting $0.6370 resistance, a break could target $0.7470, despite a 12% annual decline. $XRP #Update
Altcoins
Covers news and developments related to various alternative cryptocurrencies (altcoins) excluding Bitcoin
Hacker Promotes $530M Meme Coin Scam
Crypto investigator ZachXBT linked hacks of Sydney Sweeney and Bob Odenkirk’s accounts to convicted hacker Gurvinder Bhangu. The scams generated $530,000, highlighting the rising trend of targeting celebrities for crypto fraud.
RollBlock Surges as Shiba Inu, Floki Falter
Investors are shifting to Rollblock (RBLK) for potential 100x returns, raising $1.6M to disrupt the $450B online gambling industry with AI-powered, provably fair games and unique tokenomics. RBLK is priced at $0.0172.
Bitcoin Bullishness Sparks Altcoin Season Hopes
Bitcoin (BTC) forms a bullish cup and handle pattern, signaling potential breakout past all-time highs. This could trigger a significant altcoin surge, marking a pivotal moment for the entire cryptocurrency market. #CryptoNews
SEC NFT Oversight Lawsuit Filed
Legal scholar Brian Frye and songwriter Jonathan Mann have filed a lawsuit against the SEC in Louisiana, challenging the agency’s authority to regulate NFT sales. They seek clarity on whether NFTs are securities, aiming to protect artists and innovators from unlawful enforcement actions.
SEC Amends Binance Lawsuit, Avoids SOL Ruling
The SEC is amending its lawsuit against Binance to avoid classifying tokens like Solana (SOL) and Cardano (ADA) as securities. This move follows a court ruling that secondary sales of BNB are not securities. Binance calls the SEC’s request premature. #CryptoRegulation
Solana, Dogecoin, Avalanche Perp Contracts Listed
HashKey Global has launched perpetual contracts for Solana (SOL), Dogecoin (DOGE), and Avalanche (AVAX), offering up to 10x leverage and a capped funding rate. The platform also gained regulatory approval for Bitcoin and Ethereum futures trading from the Bermuda Monetary Authority.
Ethereum Selloff: Tron’s Justin Sun Warns
Justin Sun, founder of Tron DAO, unstaked 1,768 ETH ($5.9M) from Lido and moved 810 ETH ($2.7M) to Poloniex. This comes as Ethereum ETFs face major outflows, raising concerns about Ethereum’s market stability. ETH remains stable between $3,300 and $3,400.
SEC Amends Binance Lawsuit, Solana Cleared
The U.S. SEC amended its complaint against Binance, Binance.US, and Changpeng Zhao, stating no need to rule on third-party crypto asset securities like Solana, Cardano, and Polygon at this time. This follows a court order that BNB and BUSD secondary sales are not securities.
Solana ETF Unlikely, BlackRock CIO Confirms
BlackRock CIO Samara Cohen revealed that the firm has no plans for a Solana ETF or any other crypto ETF soon, stating only Bitcoin and Ethereum meet their criteria. Major fund houses might include crypto ETFs in model portfolios by late 2024. BlackRock recently launched an Ethereum ETF, ETHA, driving significant inflows.
WienerAI Memecoin Presale Ends in 2 Days
WienerAI, the new AI memecoin, raised $8M in presale with 2 days left to invest. It integrates ChatGPT-like features for fee-free, instant trading. Analysts predict a 10x value increase post-presale, with staking rewards over 120% APY. #CryptoNews
“Dogecoin Dog Owner Adopts Adorable New Pet”
Atsuko Sato, owner of Dogecoin mascot Kabosu, has adopted Shiba Inu Neiro, who faced harsh conditions. Sato condemns unauthorized meme coins, supporting only the @ownthedoge project. Kabosu’s legacy endures, despite her passing in May 2024. Neiro, 10, weighed just 7 kg when adopted.
Neiro vs. Shiba Inu: Will Popularity Match?
Dogecoin’s ‘mother of Kabosu’ introduces new Shiba Inu, Neiro, but clarifies no endorsement for new meme cryptocurrencies except @ownthedoge. Three new Neiro-themed coins compete, with one Solana coin seeing 5,169x gains amid ‘honeypot’ suspicions. Long-term success remains uncertain.
Meme Coin Investor Turns $552 into $2.85M
A developer turned a $552 investment in NEIRO memecoin on Solana into $2.85 million, achieving 5169% growth. They sold 68M tokens for 15,511 SOL, showcasing the profit potential in memecoins. NEIRO’s name comes from a dog adopted by Dogecoin’s symbol owner.