In a recent announcement, Localmonero/Agoradesk, a popular platform for trading monero (XMR), has decided to wind down its operations after nearly seven years. The decision, influenced by a mix of internal and external factors, initiates a six-month winding-down process starting from May 7, 2024. Effective immediately, all new signups and ad postings are disabled, and […]
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Positive Market Turn: US Bitcoin ETFs See Substantial Inflows After Last Week’s Outflows
According to statistics, U.S. spot bitcoin exchange-traded funds (ETFs) saw their second consecutive day of positive inflows after recording approximately 8.3 million on Friday. During Monday’s trading sessions, the U.S.-based bitcoin ETFs accumulated 7 million in positive inflows, with Grayscale’s Bitcoin Trust (GBTC) also marking its second consecutive day of inflows. US Spot Bitcoin ETFs […]
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2014 Bitcoin Whale Awakens, Spends 1,005 BTC Valued at $64 Million After a Decade
Contrary to several earlier reports, it has been revealed that not only were 687.33 bitcoins transferred from a dormant 2014 wallet on May 6, 2024, but the owner also appears to have expended a total of 1,005.33 BTC, equivalent to almost million at current exchange rates. 1,005 Bitcoin Worth Million Moved From 2 […]
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Bitcoin Greed No More: Sentiment Back At Neutral After $57,000 Plunge
Data shows that Bitcoin sentiment has cooled off to neutral from greed following the asset’s latest plunge to the ,000 level.
Bitcoin Fear & Greed Index Has Returned To Neutral Levels
The “Fear & Greed Index” is an indicator created by Alternative that shows the average sentiment among investors in the Bitcoin and wider cryptocurrency market.
This index estimates sentiment by considering five factors: volatility, trading volume, social media data, market cap dominance, and Google Trends.
The metric uses a scale that runs from zero to 100 to represent this average sentiment. All values under 46 suggest that investors are fearful, while those above 54 imply a greedy market. The zone between these two cutoffs naturally corresponds to the territory of neutral mentality.
Now, here is what the Bitcoin sentiment looks like right now, according to the Fear & Greed Index:
As displayed above, the Bitcoin Fear & Greed Index is at a value of 54, implying that investors share a neutral sentiment currently. However, the neutrality is only just, as the metric is right at the boundary of the greed region.
This is a significant departure from yesterday’s sentiment: 67. The chart below shows how the indicator’s value has changed recently.
As the graph shows, the Bitcoin Fear & Greed Index has been declining recently. For most of February and March, as well as the first half of April, the indicator was in or near a special zone called extreme greed.
The market assumes this sentiment at values above 75. As the asset price struggled recently, the mentality cooled off from this extreme zone and entered the normal greed region. With the latest crash in BTC, the index has seen a sharp plunge, now exiting out of greed altogether.
Historically, cryptocurrency has tended to move against the majority’s expectations. The stronger this expectation, the higher the probability of such a contrary move.
This expectation is considered the strongest in extreme sentiment zones, as well as extreme fear and greed. As such, major bottoms and tops have often occurred in these territories.
The all-time high (ATH) price last month, which continues to be the top of the rally so far, also occurred alongside extreme values of the Bitcoin Fear & Greed Index.
With the sentiment now cooled to neutral, some investors may be watching for a fall into fear. This is natural because a rebound would become more probable the worse the sentiment gets now.
BTC Price
During Bitcoin’s latest plunge, its price briefly slipped below ,000 before surging back to ,300.
Tron (TRX) & Aptos (APT) Community Joins DTX Presale After Massive 100X Rally Begins
The cryptocurrency market is evolving at a fast pace, bringing new opportunities and platforms that challenge traditional financial systems. Among these, Tron (TRX) and Aptos (APT) are two significant altcoins that have made headlines recently for their market movements.
Both coins are now catching the eye of investors following the announcement of the DTX Exchange presale, a new deFi platform that promises a 100X rally with its innovative trading features and zero KYC requirements.
Aptos (APT) 12.69% Price Drop Unlocks Buying Potential Amidst 24.6% Trading Surge
Aptos (APT) aims to redefine transaction speed and reliability in decentralized networks. Founded by ex-Meta engineers, Aptos is built on a novel blockchain architecture designed to enhance throughput and security significantly. This technology foundation aims to support various applications from DeFi to social media platforms, maintaining high levels of user safety.
Despite its innovative approach and strong foundation, Aptos has recently experienced a 12.69% drop in its price over the last week, currently standing at .88. However, this price adjustment has not affected investor interest, as seen by a 24.60% increase in trading volume in the past 24 hours. This indicates strong trading activity and a possible rebound for APT.
Tron (TRX) Enjoys A 7.04% Price Surge with 37.55% Boost in Trading Volume In The First Week of May
Tron (TRX) has established itself as a strong altcoin in the crypto market, building a decentralized internet. Founded by Justin Sun, Tron facilitates decentralized applications (dApps) and their accessibility. The platform’s native token, TRX, plays a central role in maintaining and operating the network and is used as the primary medium for transactions.
Tron’s performance has recently seen a positive uptick, with its price increasing by 7.04% over the past week to .11. This rally was complemented by a decent 37.55% surge in trading volume within the last 24 hours, indicating a growing interest and confidence in the TRX market. Such dynamic market activity suggests a positive outlook from the investors’ community.
DTX Presale In The News: Investors Jump In Join The Wave With Over 100X Gains
As the crypto market is showing continuous expansion, the DTX Exchange emerges as a groundbreaking development network, especially for communities involved with assets like TRX and APT. DTX’s presale is drawing attention for its high-leverage options and the hybrid model that integrates the liquidity of centralized exchanges with the anonymity of DeFi platforms.
The DTX Exchange is set to revolutionize the trading experience by offering 1000X leverage without KYC requirements, thereby attracting a broad spectrum of traders. With over 0K raised in just the first two days of its public presale, the platform is on fire toward reforming market access and trader autonomy.
DTX Exchange Leverages Best Trading Features To Attract Crypto Giants: Trade Smarter, Not Harder.
DTX Exchange not only supports the trading of cryptocurrencies but also extends its capabilities to forex and equities, all while ensuring trader security through non-custodial wallets. This approach significantly lowers the risk of security breaches, placing power directly in the hands of its users.
As the crypto world continues to evolve with platforms like DTX Exchange, the integration of advanced trading features with user-centric policies could indeed kick off a new era of trading, potentially leading to more inclusive and expansive market participation.
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Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
ETH Gate Conversation Intensifies After Ripple CTO And Cardano Founder Debate
Over the weekend, the conversation about the ETH Gate theories started again after the news of the Consensys lawsuit against the US Securities and Exchange Commission (SEC). The discussion intensified following the Ripple CTO David Schwartz and Cardano Founder Charles Hoskinson’s debate on X.
Is There A Double Standard For Ethereum?
On Thursday, crypto firm Consensys sued the US SEC, accusing the regulator of “unlawful seizure of authority” over Ethereum. Following the news, an online conversation sparked regarding the SEC’s alleged favoring of the second-largest cryptocurrency by market capitalization.
X users commented on crypto exchanges’ “double standard.” Many pointed out platforms like Binance, Coinbase, Crypto.com, and Bitstamp delisted XRP after the SEC’s crackdown on Ripple.
Hey @coinbase @cryptocom @BinanceUS @Bitstamp @BittrexExchange when delist Ethereum? Are you still trying to comply with regulatory concerns or no??? pic.twitter.com/QiWG9qEUbZ
— Digital Asset Investor (@digitalassetbuy) April 26, 2024
Moreover, members of the crypto community also asked for ETH’s delisting. One user stated that if the crypto asset “doesn’t get delisted, we know #ETHGate is real.”
The theories about the SEC attacking Ripple and XRP in favor of Ethereum are part of an ongoing saga that has raised concerns and speculation over the agency’s regulatory inconsistency.
Last year, lawyer and crypto expert Jeremy Hogan weighed in on the publication of Hinman’s emails and drafts from his 2018 speech. Hogan alleged that the former SEC’s Division of Corporation Finance director was likely paid by someone related to the Ethereum Foundation to give a speech giving ETH a “free pass.”
Ripple CTO Questions Hoskinson’s ETH Gate Stand
Charles Hoskinson stated that an apology from the XRP army and Ripple executives was needed before a project collaboration. Hoskinson alleged during a recent X Space meeting that XRP’s community has attacked him daily since 2022.
Following the session, members of the XRP army cursed him out and declared he was wrong. Hoskinson replied, seemingly trying to prove his point, alleging the hate “It’s never-ending and completely devoid of reason.”
Jack, a prominent figure in the XRP community, argued that platforming those who attacked Hoskinson would not help the situation. Cardano’s founder then corrected someone, claiming he “misspoke” and “mischaracterized” the community’s allegations.
Hoskinson clarified he didn’t misspeak, as people believe “members of the Ethereum community bribed the SEC to take out XRP.” According to him, this narrative has reignited several times with “no evidence of it.”
Ripple’s CTO joined the discussion, questioning Hoskinson over his claims of lack of evidence. Schwartz stated: “So, was Hinman not intimately involved? Did he not have a financial interest in Ethereum? Did he recuse himself? Or is that not evidence for some reason?”
So, was Hinman not intimately involved? Did he not have a financial interest in Ethereum? Did he recuse himself? Or is that not evidence for some reason?
— David "JoelKatz" Schwartz (@JoelKatz) April 28, 2024
To Hoskinson, Schwartz was “inciting a mob by spreading false information.” He also denied invalidating the ETH Gate arguments, claiming his “grand conspiracy statements have always been related to the belief that somebody from Ethereum bribed the SEC to go after XRP.”
The back-and-forth between the two crypto gurus ended with Ripple’s CTO further doubling down on his questions. He asked whether Hoskinson didn’t think any of his statements were evidence that Hinman’s interests influenced and affected the litigation against Ripple, which received no reply.
After WIF, BONK, BODEN: Top Crypto Trader Now Buys These 2 Memecoins
Memecoins are once making waves in the crypto market. In the last 24 hours, 4 of the 10 best-performing cryptocurrencies in the top 100 are meme coins. The biggest gainers include BONK (+10.2%), PEPE (+4.8%), WIF (+4.7%) and FLOKI (+4.1%). With meme coins slowly regaining, crypto traders are seemingly focusing on lesser-known coins.
Top Crypto Trader Focuses On These 2 Memecoins
According to data from on-chain analysis service Lookonchain, the renowned crypto trader known as “paulo.sol” has been making significant moves into new memecoin territories. Paulo.sol, who has previously amassed substantial profits from meme coins like BONK, WIF, and BODEN, is now shifting his focus to acquiring significant stakes in PUPS and POPCAT.
What a legend!
paulo.sol has realized profits of .51M on $WIF, .04M on $boden and .28M on $BONK.
1/ Let's dig into his trades to see what he's buying. pic.twitter.com/2axUwHb3el
— Lookonchain (@lookonchain) April 26, 2024
Lookonchain’s recent posts on X (formerly Twitter) provide a deep dive into paulo.sol’s past and present investment patterns. “What a legend! Paulo.sol has realized profits of .51M on WIF, .04M on BODEN, and .28M on BONK,” Lookonchain tweeted. In total, the crypto trader has made million in realized profits.
The posts further reveal that paulo.sol bought into BONK early in November 2023, capturing substantial gains as its value surged. “As early as Nov 11, 2023, paulo.sol noticed the rising of BONK and bought BONK. He made ~.28M by buying BONK at low prices and selling at high,” the data provider stated.
The crypto trader continued his strategy by investing in WIF and BODEN in December 2023 and March 2024, respectively, following their sharp price increases. Notably, “paulo.sol did not buy WIF and BODEN when they first went online, but paid attention to and bought heavily when they first rose sharply,” Lookonchain observes.
As of now, paulo.sol continues to hold 12.87 million BODEN tokens valued at approximately .6 million and 1.87 million WIF tokens worth around .7 million. However, his most recent activities show a pivot towards new meme coins, PUPS and POPCAT, sparking interest among investors and analysts alike.
Lookonchain noted, “We noticed that paulo.sol is buying PUPS and POPCAT recently. He spent .77M to buy 4.3M POPCAT at .42 today. And he has spent .97M to buy 101,712 PUPS at since Apr 11, becoming the largest holder of PUPS on Solana.”
The impact of paulo.sol’s investment has been palpable in the market dynamics of the newly favored meme coins. Despite a general downturn in the memecoin sector, POPCAT’s price surged by 52% today, trading at approximately .51 with a trading volume increase of 51% to 6 million. Over the past nine days, POPCAT has risen a whopping 410%.
On the other hand, PUPS is seeing a price drop of 4.2% today, trading at .96, with a 27% fall in trading volume to .82 million. Since reaching an all-time high above 2 on April 14 (on Coinex), the PUPS price is down more than 78%.
HBAR Token Price Soars 96% After Misinterpreted Blackrock Announcement
A misinterpreted announcement by the HBAR Foundation suggested that Blackrock’s ICS US Treasury Fund was tokenized on the Hedera blockchain in partnership with Archax and Ownera, leading to a significant misunderstanding and a 96% increase in the HBAR token price within 24 hours. However, Blackrock had no direct involvement in the tokenization process, as clarified […]
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FLOKI And BONK Drop 5% After Revolut Listing Announcement
FLOKI and BONK had remarkable growth over the weekend after recovering from the Bitcoin dip at the end of last week. These tokens have been some of the hottest topics during this bull run, with FLOKI and BONK increasing by over 500% and 87%, respectively.
Recently, both memecoins were listed on the European neo bank and retail platform Revolut, but the news didn’t appear to have a massive impact on the tokens. However, the projects’ most recent announcements have seemingly made them soar in the past hour.
FLOKI And BONK To Take Over Europe
The projects announced their listing on Revolut on Monday. The new listing expands the reach of FLOKI and BONK to a broader audience, as the platform is available to 40 million users in over 150 countries.
#FLOKI just got listed on Revolut, the biggest neobank and retail trading app in Europe!
This listing will make $FLOKI accessible to @RevolutApp's 40 million+ users in 150+ countries who will be able to buy FLOKI with 25+ fiat currencies including GBP, EUR, USD and more.
Users… pic.twitter.com/Hy62VJw2w4
— FLOKI (@RealFlokiInu) April 22, 2024
Moreover, the listing will allow users to buy the tokens with 25 fiat currencies, including EUR, GBP, and USD, directly from the Revolut app. Per the BONK X post, users in Europe and eligible countries will also have access to a Learn and Earn program starting on April 29.
Crypto trader Altcoin Gordon weighed in on the matter, telling his 458,000 followers that the listing was “pretty BIG.” According to Gordon, it will allow the tokens to compete with Dogecoin (DOGE), Dogwifhat (WIF), PEPE, and Shiba Inu (SHIB).
Despite the announcement, the tokens performed modestly after the news. FLOKI’s price increased 2% in the following hour, trading at .0001778. Nonetheless, the token dropped 5.3% hours later to trade at .0001693.
Meanwhile, Bonk’s price increased by 3.7%, trading at .0002069 before facing a 3.4% dip to the .0001990 level.
Similarly, both tokens have seen a decrease in daily activity in the past 24 hours. FLOKI’s daily trading volume fell a staggering 31.6%, while BONK’s trading volume dropped over 51%.
New Announcements Boost Prices
On Tuesday morning, FLOKI was trading at .0001727, representing a modest 0.4% gain from the token’s price 24 hours prior. On the other hand, BONK traded for .00002019, a 2.6% price decrease from the day before.
However, the project’s most recent announcements have positively impacted the tokens’ prices. FLOKI announced that the decentralized platform Alltoscan locked million worth of $ATS for 15 months using the project’s crypto locker protocol, FlokiFi Locker.
Alltoscan has just secured over ,000,000 worth of $ATS tokens for a 15-month period using #Floki's advanced crypto locker protocol, #FlokiFi Locker!@alltoscan is developing an open-source block explorer compatible with all rollups, enabling users to inspect their L2… https://t.co/RBc0nGnrJr
— FLOKI (@RealFlokiInu) April 23, 2024
The news appears to have been well-received by the community. Seemingly fueled by the positive sentiment, the token rose 5.5% in the last hour. Similarly, FLOKI now surged 11.2% from 24 hours ago.
Meanwhile, BONK announced renowned artist JT Liss as “The Dog’s Director for BONK Art Masters.” JT is set to lead Bonk’s BAM residency program and the Creator Grants program “to help provide more opportunities for artists in the Solana ecosystem.”
Following this news, the token increased by 4.3% in an hour and over 5.6% from its price 24 hours ago. At the time of writing, BONK is trading at .00002164.
SEC Lawyers Resign After Judge Sanctions the Regulator for ‘Gross Abuse of Power’
Two lead attorneys for the U.S. Securities and Exchange Commission (SEC) in the case against crypto firm Debt Box have reportedly resigned. This followed a federal judge sanctioning the SEC for its “gross abuse of power” after the agency made “materially false and misleading representations” in its lawsuit against the cryptocurrency firm. Lead Attorneys in […]
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