Cryptocurrency

Cryptocurrency markets saw some losses after a second assassination attempt on Republican presidential candidate Donald Trump on Sunday, although Trump was unharmed and the assailant was apprehended. Trump has presented a pro-crypto platform. Bitcoin fell 2.7% to $58,483.3 by 05:12 ET (09:12 GMT). The token remained squarely within a $50,000 to $60,000 trading range seen through most of the year. Trading volumes were somewhat muted on account of market holidays in Japan and South Korea. Fed meeting awaited, rate cut in focusThe Fed is widely expected to cut interest rates at the conclusion of a two-day meeting on Wednesday, although markets are split over the scale of the potential cut.Traders are pricing in a 50% chance of a 25 or 50 basis point cut, CME Fedwatch showed.But the Fed is still widely expected to kick off an easing cycle this week, with analysts expecting the central bank to reduce rates by at least 100 basis points by the end of the year. Lower rates bode well for cryptocurrency markets, given their highly speculative nature. They were a key factor behind a crypto bull market in 2021.But the crypto market has been grappling with an extended downturn in retail interest over the past two years, with the launch of spot exchange-traded funds for Bitcoin this year providing only a limited boost. Trump unharmed after assassination attempt – reports Former president Trump, who has presented a pro-crypto stance in his reelection bid, was unharmed after reports of a second attempt on his life on Sunday.Secret service agents exchanged shots with a gunman at Trump’s golf course in Florida, from where the assailant fled and was eventually caught by authorities, media reports said. Trump himself was far from the incident and said he was unharmed.The shooting comes after Trump was injured in the ear in a prior assassination attempt at a rally in Pennsylvania two months ago. Crypto prices had risen sharply after the July shooting, on bets that it would improve his presidential prospects. Crypto price today: altcoins fallAmong broader cryptocurrency prices, major altcoins also fell in tandem with Bitcoin, amid a dearth of positive cues for the sector. World no.2 crypto Ethereum fell 4.2% to $2,311.50, while Solana, Polygon, Cardano and XRP dropped by between 0.4% and 5%. Among meme tokens, Dogecoin lost 2.7%.Ambar Warrick contributed to this report. More

Polter.Finance is officially launched on the Base Chain, bridging the gap between Fantom and Base. Polter.Finance is the leading lending and borrowing platform on Fantom and has now expanded to offer its services on Coinbase (NASDAQ:COIN)’s EVM Chain.Meeting Community DemandAccording to the team, after the $GEIST platform ceased operations on Fantom, in the Summer of 2023, there was a gap that needed to be filled. Polter.Finance was created and launched in early 2023 to meet this need, using the same smart contract to provide a familiar and safe experience for users. Since then, $Polter has gained attention and adoption on Fantom.Platform FeaturesPolter.Finance is a decentralized non-custodial lending and borrowing platform where depositors can receive a portion of the interest charged on loans. To minimize risks for users, flash-loans are disabled on Polter.Finance.Expanding to Base ChainPolter.Finance’s move to the Base Chain aims to provide users on the Base Chain with fresh APR opportunities.Timing and Market ConditionsThe Base Chain supports innovative DeFi projects and has a large user base, making it a suitable environment for Polter.Finance.Community and MarketingPolter.Finance has a small, dedicated community of based $Polter Chads. The platform’s fun social media presence and active discord engagement keep users informed and supported.GovernanceThe Polter team has made significant strides in governance, introducing a community-controlled DAO that empowers users to have a say in the platform’s future. Recent votes have led to the establishment of this DAO and provided airdrops to token lockers, rewarding those who participate in governance. This initiative ensures that the community remains at the heart of Polter.Finance. Daily discussions and active engagement about governance take place on Discord, fostering a vibrant and involved community.Accessing $PolterThe $Polter token is currently available on SpookySwap and Equalizer on Fantom. The team is also planning to incentivize liquidity on Base’s Equalizer. The Polter team is bringing a friendly UI/UX to BASE, with a focus on utility and ease of use.About the Polter.FinancePolter.Finance is a small, dedicated team focused on creating the best possible lending Dapp. The team stays closely connected with the community and incorporates feedback to continuously improve the project. There is great excitement surrounding the Base launch, and it’s hoped that the community shares the same enthusiasm.Socials and Additional InformationFor more information and updates on Polter.Finance, users can follow their official social media channels:Twitter: https://x.com/polterfinanceWebsite: https://polter.finance/#/Telegram: https://t.me/polterfinance_officialDiscord: https://discord.gg/cu89s5KATsDisclaimerThe information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended that you perform due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.Polter.Finance’s expansion to Base is set to offer some attractive APRs to users. Polter may introduce new assets on Base, providing users with additional opportunities to earn APR. Polter offers a reliable platform from a strong team and community.ContactConnor duncanPolter Financeconnorduncan4114@gmail.comThis article was originally published on Chainwire More

Even though it is short-term bearish the symmetrical triangle itself indicates a longer-term bullish trend. In the triangle the higher highs and lower lows correspond to the continuous tug-of-war between bears and bulls. On the other hand, the fact that XRP is unable to breach the upper trendline indicates that the bulls are currently losing the battle. Notwithstanding this, the general outlook for XRP is still cautiously positive.There could be a bullish continuation if the asset is able to break above the crucial resistance level around $0.60. The bullish structure would hold if XRP were to decisively break above this level potentially leading to a retest of higher targets like $0.65 and beyond. The asset may drop to test lower support levels around $0.52 if the bears are successful in pushing XRP below the triangle’s lower boundary. Short-term market sentiment may change as a result of this refuting the bullish thesis.For XRP the next few days will be critical since traders will be watching for a verified breakout or breakdown from this symmetrical triangle pattern. Either scenario would be fueled by an increase in trading volume, which would show which side of the market is in control. The bull-bear battle is still going strong for the time being but a major change in direction could be approaching.A more forceful and protracted bullish rally that builds on the present momentum may be possible if those levels are broken. It’s crucial to keep in mind that Toncoin has been generally declining for a number of months even with this encouraging breakout. In other words even though the price action lately has been promising the overall downward trend that TON has seen cannot be entirely reversed.Nevertheless, caution is still recommended. If the 50 or 100 EMA is not broken there may be a retrace that takes the price back to earlier levels of support. However, if the rally persists, TON might be about to enter a recovery phase, especially given the consistent inflows that have been supporting its upward trend.The 50 EMA and 100 EMA are crucial resistance levels even though BTC has crossed $60,000 in value. These two exponential moving averages are important tools for figuring out the short- to medium-term direction of prices. Since Bitcoin has been moving in a downward trend for a few months, it is still advisable to exercise caution until it breaks above these resistance levels.Bitcoin must make a clear break above $62,000 in order to properly indicate a confirmed bullish trend reversal. In addition to representing a breach of the EMAs, this level would suggest that Bitcoin has acquired sufficient momentum to buck the recent decline. Maintaining a price above $62,000 would reassure investors and traders that Bitcoin is prepared for long-term growth, which might trigger another surge toward earlier all-time highs.Retracement could occur if these crucial levels are not crossed and the momentum is not maintained. Should the price revert to the lower support levels around $57,000 or even $55,000, it might do so within the descending channel. To determine the next move, market players are keeping a close eye on these technical levels.This article was originally published on U.Today More

MEET48 is on the cusp of revolutionizing the Web3 entertainment landscape through a series of innovative products, interactive events, and technological advancements. Kai, COO of MEET48, emphasizes the role of UGC and the seamless integration of AI tools in enabling fans to actively create and share virtual performances. He highlights the importance of reducing content creation barriers, noting that their AI SaaS tool, AIShowBox, empowers users to produce their own virtual idol performances at minimal cost and effort. These creations can be shared on various social platforms, enhancing engagement and participation within the MEET48 ecosystem.Looking ahead, Kai outlines MEET48’s grand vision for its metaverse, a holistic and interconnected community that operates in parallel with the real world. This metaverse aims to bridge virtual entertainment with real-world industries, drawing in diverse demographics. MEET48’s approach leverages idol-fan interactions as the entry point into this immersive metaverse, providing a pathway for greater social engagement and content-driven experiences.MEET48 is also making significant strides in the Web3 space through successful fan economy integrations. As Kai describes, MEET48 builds on proven Web2 models, combining them with Web3 innovations to democratize the idol-making process. Unlike traditional idol management systems where fans have limited control, MEET48 enables deeper fan involvement in both governance and economic rewards through decentralized mechanisms. This transparency and inclusivity make MEET48 a pioneering force in the Web3 fan economy.The platform’s ongoing events, such as the TOKEN2049 side activities, bring MEET48’s idols closer to fans through live performances and fan meetings. These events showcase how MEET48 blends AI and Web3 to redefine the idol-fan relationship, offering fans more meaningful ways to interact with and support their favorite idols.MEET48 is set to roll out several highly anticipated products in late 2024, including AIShowBox, CoinIdols and CoinFish. AIShowBox allows users to create AI-generated virtual performances, democratizing the content creation process, while CoinIdols and CoinFish, built on the TON ecosystem, merges fan interactions with token-based incentives. These products not only lower the barrier for fan participation but also create new avenues for monetization, turning engagement into tangible rewards.In summary, MEET48 is leading the charge in blending AI, Web3, and entertainment, offering fans innovative ways to create, engage, and benefit from their involvement in the idol ecosystem. Through its groundbreaking products and inclusive community model, MEET48 is shaping the future of entertainment in the metaverse and beyond.MEET48 Becomes Platinum Sponsor of TOKEN2049 Singapore and Hosts a Major Web3 + AI Party on the Night of September 18th, Featuring a Roadshow and Fan Meeting with the GIPR2 Top 7 IdolsEarlier, TOKEN2049 officially announced that MEET48 would join as a Platinum Sponsor for TOKEN2049 Singapore. Additionally, MEET48 will co-host the large-scale AI + Web3 application side event “Back To The Streets” on the evening of September 18th, alongside Hape, with strong support from partners such as ModelZoo, TraditioNow, OneKey, and BNB Chain.MEET48 will also feature the GIPR2 Top 7 idol group in a roadshow and fan meeting.By deeply integrating Web3 technology with the real world, MEET48 has created a new model for online and offline interaction. The performances at the Edge Summit and the “Back To The Streets” series of events not only allow fans to engage with their idols up close but also further expand the application of Web3 technology in real-world scenarios. This large-scale innovation drives the mass adoption of Web3 technology, positioning MEET48 not only as a success in idol voting events but also as a global pioneer in the fusion of idol economy and Web3.For MEET48, 2024 is not only a year of innovation but also a critical milestone in promoting the widespread adoption of Web3 technology. Through AI-powered user-generated content (AIUGC), NFT enablement, and product innovation, MEET48 is leading the idol economy into a new Web3 era.About MEET48MEET48 boasts a technical and R&D team of 500 members, with a regional operations network spanning Singapore, Hong Kong, Taipei, Tokyo, Seoul, and Dubai. It is considered one of the largest Web3 application project teams globally. MEET48 aims to achieve mass adoption of Web3 technology by focusing on an AI UGC content ecosystem centered around AIGC (Animation, IDOL, GAME, and Comics) entertainment content for Generation Z, along with a graphical and intelligent metaverse social foundation.Website：https://www.meet48.xyz/Twitter (X)：https://x.com/meet_48 Telegram：https://t.me/MEET_48Discord：https://discord.gg/meet48ContactMarketing DirectorSiyu YangMEET48siyu@meet48.comThis article was originally published on Chainwire More

One of these events was a sudden withdrawal of over 1,734 BTC, equivalent to about $103.62 million, from the top exchange BitGo to the unknown wallet “bc1qzqp5.” The latter is a completely new entity and had no transaction history before, according to Arkham Intelligence data.Now, this unknown anonymous whale owns a seven-figure stash of Bitcoin. Interestingly, before the cryptocurrency hit this wallet, this amount of BTC was stored in another wallet — “bc1qg9ucy” — which received it from BitGo three weeks ago. We cannot rule out that both addresses belong to the exchange itself.However, there is no information about this and it doesn’t mean much. What really matters is the perception of market participants about this development.Withdrawals from exchanges are seen as bullish events according to common sense. What is more interesting is that this move came in anticipation of the Fed’s interest rate decision next Wednesday.This decision is especially important as it could bring the first rate cut in years after years of tightening monetary policy. Right now, market participants are guessing whether the cut will be an immediate 50 basis points or only 25 basis points.All of these factors and speculations are causing volatility in the crypto market. If this whale is indeed a buyer, then its bias is probably toward the bullish consequences of the Fed’s rate decision.This article was originally published on U.Today More

This week, the aerospace tech behemoth successfully conducted the first ever commercial spacewalk as American entrepreneur and SpaceX engineer Sarah Gillis exited into space at the altitude of over 700 kilometers above Earth.That event was widely celebrated by social media users on the X platform that belongs to Elon Musk.This week also, the tech mogul voiced his plans for launching spaceships to the red planet Mars, which has been his target for extending human consciousness from Earth for years. Musk tweeted that if everything goes well, the first uncrewed spaceships will go to Mars two years from now.At that period, the two planets will be connected by the shortest distance. If the ships manage to land on the surface of Mars safely, in another two years the first human crews will fly to Mars to establish a self-sustained city on that planet.However, Musk has complained in his recent tweets, there are many bureaucratic hurdles he sees at the moment for further SpaceX trial flights.In the meantime, SpaceX holds a small Bitcoin supply, along with Musk’s other company — Tesla (NASDAQ:TSLA). According to Arkham, SpaceX’s BTC stash is currently worth $500 million.This article was originally published on U.Today More

Bitcoin’s price rose on Friday, reaching $60,770, its highest level since the beginning of September, as traders became optimistic that the Federal Reserve’s next meeting might yield a jumbo-sized rate cut.The gains were sustained till press time with Bitcoin up 3.27% in the last 24 hours to $59,835.As Bitcoin touched the $60,000 mark, on-chain analytics platform Lookonchain reported that seven wallets that have been dormant for over one year and most likely belonging to the same whale deposited 203 BTC worth $12.18 million into Binance some hours ago for a profit of $6.89 million.Depositing to exchanges usually reveals an intent to sell while withdrawals might imply buying. According to Lookonchain the said Bitcoin whale bought the said 203 BTC for a worth of $5.29 million between March 10 and Aug. 7, 2023.According to Lookonchain, after the BTC price broke through $60,000, a Bitcoin whale bought another 1,062 BTC worth $63.96 million. The whale currently holds 10,043 BTC worth $603.84 million.Likewise, in a profit-taking move, a BTC swing trader deposited 205 BTC worth $12.4 million into Binance, netting a total profit of $2.36 million.Bitcoin corporate holder MicroStrategy revealed buying another 18,300 BTC worth $1.11 billion at $60,408 between Aug. 6 and Sept. 12.MicroStrategy currently holds 244,800 BTC worth $14.15 billion, and the average buying price is $38,585. At current prices, the profit would amount to a whopping $4.71 billion.This article was originally published on U.Today More

In a recent tweet, Brandt provided an analysis of the Bitcoin/Gold ratio, which compares the price of Bitcoin to Gold. This ratio is a key indicator for traders looking to understand the relative strength of Bitcoin against the traditional safe-haven asset, Gold. Brandt accompanied the tweet with a chart that showed a pattern resembling a parallel channel, with Bitcoin trending down against Gold.A parallel channel is a technical pattern used to define price movements between two trend lines — one acting as resistance (the upper line) and the other as support (the lower line). In the case of the Bitcoin Gold ratio, the trend depicted resembled that of a descending channel, which is commonly used to predict overall changes in trends.This technical pattern suggests that the Bitcoin Gold ratio is experiencing a downward trend, but also indicates that it may soon reach a support level where a reversal could occur.Bitcoin prices have fallen while Gold prices have achieved a new record high, resulting in a negative correlation between the two.A period of negative correlation between Bitcoin and Gold, with Gold rising and Bitcoin falling, usually indicates a risk-averse environment in which investors choose traditional safe-haven assets like Gold over speculative assets like Bitcoin.At the time of writing, BTC was up 3.17% in the last 24 hours to $59,773. The price of Bitcoin rose in weekend trading, hitting its highest mark since the start of September as traders grew more confident that the Federal Reserve’s upcoming meeting might yield a jumbo-sized rate cut.This article was originally published on U.Today More