Cryptocurrency

Their total Bitcoin holdings at the moment amount to 8,881 BTC. This is the equivalent of $523,000,000. @lookonchain shared the wallet address of this whale: 3G98jSULfhrES1J9HKfZdDjXx1sTNvHkhN.Meanwhile, according to the @spotonchain crypto tracker, a cryptocurrency whale purchased 1,100 BTC on the Binance trading platform. They withdrew this BTC worth $64.2 million with a $62 million profit on the investment.@spotonchain pointed out that this is a skilled Bitcoin trader, as they have been buying BTC when it fell to lows and then selling it once the world’s leading digital currency surged to hit price highs.Between November 2023 and January 2024, the prepump period for Bitcoin, this whale accumulated 2,947 BTC (the largest part of their holdings now) at a price of $44,300 per coin on average.They then made strategic sales, dumping a total of 315 BTC when Bitcoin reached local highs of roughly $60,300 each in March and then in August of this year. As of now, this skilled BTC trader holds 3,823 BTC worth $227 million. Their estimated profit, according to SpotonChain, amounts to $61.8 million (that is a 34% increase).On that day, Bitcoin crashed from the $64,400 area to the $59,800 zone. Mow warned those who expected BTC to be “trading sideways forever” that this was not the case here.The JAN3 chief executive pointed out that from his observations, this is exactly the time when Bitcoin starts to “go up a lot.” While BTC was trading in the $59,000 range, Mow tweeted that he did not sell a single Satoshi from his Bitcoin stash.This article was originally published on U.Today More

Forgd, a token advisory and optimization platform, announced the launch of its free-to-use web platform, which provides blockchain projects unrestricted access to tools for tokenomics design, liquidity monitoring, cap table management, and financial planning. Forgd eliminates financial barriers associated with traditional Web3 Advisory and consolidates an otherwise fragmented services industry built to support blockchain projects as they issue a token.A token launch involves complex challenges, prompting many blockchain projects to hire multiple external advisors for tasks like tokenomics modeling, market maker engagement, and exchange listing. These engagements can be costly and often lead to operational inefficiencies, given that few advisors operate an end-to-end process. Forgd addresses these challenges with free software tools for executing all vital go-to-market activities and optimizing token performance post-launch. This “self-service” approach to Web3 advisory allows teams to execute at their own pace.For blockchain projects that haven’t yet launched their token, Forgd helps them design tokenomics, conduct cash flow analysis & prepare for fundraising, secure partnerships with market makers & exchanges, and navigate administrative tasks such as offshore company formation. For projects with a live token, Forgd provides tools for monitoring market maker performance & token unlocks, automated token streaming, and even non-custodial liquidity provision.In a strategic move, Forgd has aligned with the Solana Foundation to provide select tools exclusively for projects built on the Solana blockchain. This collaboration underscores the Forgd commitment to supporting scalable blockchain ecosystems and fostering project growth.Operating as a public good, Forgd is reinventing Web3 advisory by providing blockchain projects free access to specialized capital markets tools such as tokenomics modeling, liquidity monitoring, cap table management, exchange listing, and financial planning. In addition to its self-service software tools, Forgd offers tailored consulting services for teams seeking extra guidance. This approach allows Forgd to service a broad spectrum of blockchain projects ranging from DIY enthusiasts to those who prefer white-glove support, ensuring accessibility and expert assistance are readily available.www.x.com/forgd_ContactMarketingDan MulliganForgddan@forgd.comThis article was originally published on Chainwire More

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is proud to announce the launch of the Bybit Card in Brazil. This marks a milestone in the company’s global mission to empower crypto users. Now, Brazilian users can integrate crypto payments into their daily lives at millions of merchants worldwide.Pre-Registration and Referral BonusesTo kick off the launch, Bybit is offering users in Brazil a chance to earn substantial rewards through a referral program during the pre-registration period. Starting September 2, users can generate a referral link on the event page and invite friends to sign up for Bybit and pre-register for the Bybit Card. The top 10 users with the most qualified referees will be eligible to win up to R$5,000 in card bonuses.The Bybit Card pre-registration event starts on Sept. 2, 2024, at noon UTC. Bybit users in Brazil can now pre-register and enjoy the benefits of crypto spending and the opportunity to win up to R$5,000 in card bonuses.Key Features of the Bybit Card#Bybit / #TheCryptoArkAbout BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, users can visit Bybit Press. For media inquiries, users can contact: media@bybit.comFor more information, users can visit: https://www.bybit.comFor updates, users can follow: Bybit’s Communities and Social MediaContactHead of PRTony AuBybittony.au@bybit.comThis article was originally published on Chainwire More

DMEX.APP, the pioneering decentralized perpetual contracts margin trading platform, is proud to announce that it has become the first decentralized exchange (DEX) to offer both cross margin and isolated margin positions, cementing its status as a leader in the decentralized finance (DeFi) space.Having been in operation for over five years (source PRNewsWire), DMEX.APP has established itself as a seasoned and reliable exchange in the rapidly evolving world of DeFi. Traders on DMEX.APP can take advantage of leverage up to 500x, allowing for greater flexibility and potential profitability in their trading strategies.DMEX.APP supports a wide range of collateral options, including BTC, ETH, USDT, USDC, DAI, BNB, MATIC, AVAX, TON, and more, catering to the diverse needs of its global user base. With more than 20 tradable pairs available, traders can enjoy deep liquidity and instant trade execution, ensuring a seamless trading experience.In addition to its cutting-edge trading features, DMEX.APP offers several advantages that set it apart from traditional and even other decentralized exchanges:For more information and to start trading, users can visit DMEX.APP.DMEX is the source of this content. This Press Release is for informational purposes only. The information does not constitute trading or investing advise.ContactDmex Teamcontact@dmex.appThis article was originally published on Chainwire More

DSCVR, the revolutionary web3 social media platform, is thrilled to announce a significant milestone: 1 million monthly unique visitors. This achievement comes on the heels of the release of DSCVR Canvas, a game-changing framework that enables any web app to be seamlessly integrated into DSCVR’s social feeds for viral distribution. The rapid growth of DSCVR underscores the platform’s innovative approach to social networking in the web3 space. Canvas is designed to empower developers by offering a powerful tool that brings their apps directly to DSCVR’s engaged audience. From trading digital assets to playing iconic games like Doom, Canvas is opening up new dimensions of interaction and entertainment for users.To celebrate this milestone and further fuel the creative energy within the developer community, DSCVR has launched the Canvas Buildathon. This exciting buildathon invites developers to showcase their skills and contribute a diverse range of experiences to the DSCVR ecosystem. Whether it’s creating new gaming experiences, financial tools, or social applications, the buildathon is the perfect stage for experimentation and innovation. The buildathon is proudly sponsored by industry leaders including Metaplex, Matrica, Tweed, and Spiderswap. These partnerships underscore the significance of the event and the quality of the submissions expected. The competition will be judged by an esteemed panel of experts, including Jon Wong, Pedro Miranda, and Austin Federa from the Solana Foundation, allowing developers to gain exposure to heavy hitters in the web3 space. About DSCVRWith over 1 million monthly unique visitors, DSCVR (pronounced “Discover”) is a web3 social network combining the usability of a Web2-style social app with crypto technology that unlocks ownership, monetization and distribution for users, creators, and projects. Through its native token functionality, DSCVR rewards users and supercharges community-building, while its API allows developers and partners to build applications that target through the social graph, distribute through the feed, and monetize in posts. DSCVR’s seed investors include Polychain Capital, Upfront Ventures, BDMI, Shima Capital, Tomahawk VC, and Fyrfly Venture Partners. Users can follow on X.ContactPress ContactCher ParkDSCVRpress@dscvr.oneThis article was originally published on Chainwire More

The heatmap, which displays a dense cluster of orders around the $60,000 mark, tracks leverage and liquidation levels. Clusters like these suggest that there is a lot of trading activity in this range of prices, as many traders are setting up their positions in anticipation of breakout or breakdown possibilities. These liquidity clusters frequently cause increased volatility because traders rush to reposition themselves, which may spark a flurry of activity that could drive prices sharply in either direction. Because of the condition of the market right now, the price of Bitcoin has been bouncing around in a defined range, testing upper and lower limits without developing a distinct trend.The market may be in a state of equilibrium, with an equal number of bulls and bears based on this continuous ranging behavior. But the accumulation of liquidity at about $60,000 suggests that this equilibrium might be upset soon, prompting bold action. By drawing in new money and possibly paving the way for a larger rally, a break above $60,000 in Bitcoin’s price could herald the beginning of a new bullish phase.If this level is not broken, however, traders who were betting on a breakout may be forced to liquidate their positions, which would put more downward pressure on the price and cause another pullback. With many digital assets exhibiting similar range-bound trading patterns, the overall state of the cryptocurrency market is still unknown.This article was originally published on U.Today More

VSG, the native cryptocurrency of the Vector Smart Chain (VSC), is proud to announce its successful listing on Coinstore, one of the leading centralized exchanges (CEX) in the cryptocurrency market. This milestone marks a significant achievement in VSG’s journey to become a major player in the blockchain space, offering a scalable, secure, and cost-effective transactional tool for enterprises and individuals alike.Originally launched on the Ethereum blockchain, VSG is transitioning to its proprietary Layer 1 VSC blockchain, designed to overcome the limitations of existing blockchain networks. With its unique hybrid consensus mechanism, VSC offers a flat rate fee structure and interoperability with both Ethereum Virtual Machine (EVM) and Cosmos, making it a versatile and powerful solution for developers and businesses.As the main utility token on the VSC blockchain, VSG is crucial for all on-chain activities. Holding VSG now, while the project is in its early stages, is akin to acquiring Ethereum during its testnet phase, offering substantial long-term benefits.Coinstore Listing: A Strategic MoveThe listing on Coinstore provides VSG with a broader audience and enhanced liquidity, particularly in key markets where Coinstore has a strong presence. “We are thrilled about our partnership with Coinstore,” said Yan Whittaker, co-founder of Vector Smart Chain. “This listing is a great opportunity to introduce VSG and VSC to new markets, where exposure is crucial for our growth.”Exciting NFT Opportunities and RewardsIn addition to the successful listing, VSG is also making waves in the NFT space. VSG’s NFTs have gained immense popularity, offering rewarding opportunities for the community. Currently, there’s an ongoing promotion where users can purchase VSG’s green NFTs and automatically qualify for a $100 worth of VSG. Additionally, every ten NFTs sold gives buyers a 1 in 10 chance to win $1,000 worth of VSG. These NFTs are more than just digital collectibles—they represent a thriving aspect of the VSG ecosystem.About the FoundersVSG’s success is driven by its dynamic founding team, comprising two industry veterans with a shared vision of decentralized innovation:Yan Whittaker: An entrepreneur from the UK with a strong background in business management and finance, Yan has successfully led several businesses across different industries. As a co-founder of VSC, his passion for decentralization and blockchain technology fuels his commitment to building a more inclusive and efficient financial ecosystem.Jason Ansell: Based in Toronto, Canada, Jason is a self-taught full-stack developer and entrepreneur with over 25 years of experience in brand development and digital marketing. His journey spans from small businesses to major brands and celebrities. Now, as a co-founder of VSC, Jason is dedicated to driving the adoption of decentralized technologies and creating impactful blockchain solutions.Community and Technological AdvancementsVSG’s community of over 4,000 members has been instrumental in the project’s progress, providing ongoing support and engagement. The VSG team is dedicated to ensuring that the VSC blockchain remains user-friendly, with intuitive dApps and wallet interfaces, supported by comprehensive educational materials for new investors.The upcoming public testnet is a crucial step toward the mainnet launch, allowing developers and users to test the network’s functionality, security, and scalability in a live environment. This phase is vital for refining the platform and ensuring a seamless experience upon the mainnet’s release.VSG represents more than just a digital currency; it’s the backbone of a cutting-edge blockchain network designed to challenge and eventually surpass existing solutions like Ethereum. With its recent listing on Coinstore, now is an opportune time for investors to consider VSG as a long-term asset.“We are the only blockchain offering a flat rate fee structure combined with interoperability with EVM and Cosmos,” added Jason Ansell. “Our technology, combined with our dedicated team, makes VSG a compelling choice for those looking to invest in the future of decentralized finance.”About VSGVSG (Vector Smart Gas) is the native cryptocurrency of the Vector Smart Chain (VSC), a scalable, secure, and cost-effective Layer 1 blockchain. Designed to meet the needs of enterprises and developers, VSG powers a wide range of decentralized applications and real-world asset solutions. With its unique features and strong community support, VSG is set to redefine the landscape of digital transactions and blockchain innovation.Fruzsina LedererSantos Productions Kft.fruzsi.lederer@gmail.com+36309141467 More

Bybit Powered by SATOS is thrilled to announce new prize pools totalling 30,000 USDT, with exclusive Margin Trading rewards for users in the Netherlands. From now until September 11, traders can sign up for a chance to maximize their potential returns, leveraging Bybit’s market-leading tools and offerings.Participants taking the opportunity to boost their trading volumes are invited to unlock multiple perks and explore the power of Margin Trading. Trading can allow participants the opportunity to qualify for one or more of the following rewarding tracks: Perk 1: Participants Can Trade to Unlock a 10,000 USDT Prize Pool (NASDAQ:POOL)Participants with 5,000 USDT or more in trading volume will be ranked based on their PnL(%). The more users participate, the higher the chances of unlocking a 10,000 USDT prize pool.Perk 2: Participants Can Trade to Take a Share of a 20,000 USDT Prize PoolParticipants with at least 10,000 USDT in trading volume will be ranked based on their trading volume. Choosing to trade more can allow participants unlock a higher total prize pool and compete for the top prize — 20,000 USDT.Perk 3: Participants Can Try Margin Trading to Share a 1,000 USDT Prize PoolThe first 200 users with a trading volume of at least 500 USDT using Margin Trading during the competition period will receive 5 USDT on a first-come, first-served basis.Margin Trading enables traders to potentially maximize their trading goals, allowing them the chance to take a larger position by leveraging their assets. The feature on Bybit’s intuitive platform is beginner friendly: visit Market Overview and select pairs marked with “10x” to have the chance to start margin trading in an instant.Registration is currently open for eligible users from the Netherlands: Participants are invited to find out more about the competition and register: Bybit.nl Trading Competition – 30k USDT up for Grabs #Bybit #TheCryptoArkAbout Bybit Powered by SATOSIn June 2023, Bybit formed a strategic alliance with SATOS, one of the oldest crypto service providers operating in the Netherlands and Belgium since 2013. This partnership is a testament to our commitment to providing the best services to our users in line with regulatory guidelines, and ensuring the delivery of high-quality services to our users.About BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, users can visit Bybit Press. For media inquiries, users can contact: media@bybit.comFor more information, users can visit: https://www.bybit.comFor updates, users can follow: Bybit’s Communities and Social MediaContactHead of PRTony AuBybittony.au@bybit.comThis article was originally published on Chainwire More