cryptoworld
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interesting crypto world here!
morning, strike
strike it up
Unichain could bring Uniswap Labs and UNI token holders nearly $370 million — Expert
The launch of the L2 blockchain Unichain, announced last week by Uniswap Labs (source), could generate approximately $370 million annually for the company and UNI token holders through fees, according to crypto analyst Michael Nadeau (source).
However, ETH holders are likely to incur the biggest losses as a result.
The launch of the L2 blockchain Unichain, announced last week by Uniswap Labs (source), could generate approximately $370 million annually for the company and UNI token holders through fees, according to crypto analyst Michael Nadeau (source).
However, ETH holders are likely to incur the biggest losses as a result.
gooooood morning!
Michael Saylor's company, MicroStrategy, has its shares trading near the March highs, while short sellers continue to enjoy their losses, with total short positions amounting to $4 billion.
A shaved short seller = a future buyer.
A shaved short seller = a future buyer.
My thoughts on this situation:
This news could reduce the number of scams since new tokens are constantly being created, and offers to pump some meme or low-value tokens flood the market daily.
The impact on the market is unclear. MMs may now fear using certain words publicly, and project charts below the top 300 on CoinMarketCap could thin out, with volumes dropping to $50-100k per day.
It’s hard not to feel sympathy for those who got caught, regardless of the violations or what their services were called. The potential sentences are real and serious. Hopefully, they will settle for fines instead.
This case is a clear example of how regulators are becoming more active in the crypto industry.
This news could reduce the number of scams since new tokens are constantly being created, and offers to pump some meme or low-value tokens flood the market daily.
The impact on the market is unclear. MMs may now fear using certain words publicly, and project charts below the top 300 on CoinMarketCap could thin out, with volumes dropping to $50-100k per day.
It’s hard not to feel sympathy for those who got caught, regardless of the violations or what their services were called. The potential sentences are real and serious. Hopefully, they will settle for fines instead.
This case is a clear example of how regulators are becoming more active in the crypto industry.
This raises the question: Why these MMs specifically? Virtually any MM could be implicated for providing such services. In the world of high-frequency trading (HFT), wash trading or fake transactions could easily be alleged, and any “marketing campaign” could be labeled as “market manipulation” with the goal of inflating asset prices.
It’s impossible not to comment on this situation. The U.S. has charged three companies and 15 individuals with cryptocurrency fraud, including Gotbit, ZM Quant, CLS Global, their leaders, and employees. The charges have led to four arrests, five plea agreements, and the seizure of over $25 million in cryptocurrency.
Here’s a brief summary of the case:
The FBI created a token on the Ethereum blockchain, called NexFundAI, and began reaching out to various market makers (MMs) to use their services.
During calls and private communications, MM employees shared their algorithms for volume manipulation, creating multiple addresses to distribute tokens, and other methods of market manipulation.
The FBI interpreted these services as “wash trading,” “fake transactions,” “market manipulation,” and “artificially inflating trading volumes,” leading to charges that could result in up to 20 years in prison.
Here’s a brief summary of the case:
The FBI created a token on the Ethereum blockchain, called NexFundAI, and began reaching out to various market makers (MMs) to use their services.
During calls and private communications, MM employees shared their algorithms for volume manipulation, creating multiple addresses to distribute tokens, and other methods of market manipulation.
The FBI interpreted these services as “wash trading,” “fake transactions,” “market manipulation,” and “artificially inflating trading volumes,” leading to charges that could result in up to 20 years in prison.
good morning!
JPMorgan analysts have identified key catalysts that could influence the cryptocurrency market in the near future.
Among them is the seasonal trend "Uptober," historically linked to rising Bitcoin prices in October. The experts also highlighted the potential continuation of the Federal Reserve's rate cuts, the launch of options on spot Bitcoin ETFs, and Ethereum's upcoming update, called Pectra.
Among them is the seasonal trend "Uptober," historically linked to rising Bitcoin prices in October. The experts also highlighted the potential continuation of the Federal Reserve's rate cuts, the launch of options on spot Bitcoin ETFs, and Ethereum's upcoming update, called Pectra.
Report: Cryptocurrencies Outperforming the Stock Market
Cryptocurrencies continue to outperform the stock market, according to a report by investment firm Canaccord (https://incrypted.com/otchet-kriptovalyuty-operezhayut-fondovyj-rynok/).
Bitcoin has grown by roughly 140% over the past year, Ethereum by 60%, while the S&P 500 index has risen nearly 30%.
"If Bitcoin follows historical patterns, it typically sees growth 6-12 months after a halving, meaning a potential rally could begin between now and April," noted Canaccord.
Cryptocurrencies continue to outperform the stock market, according to a report by investment firm Canaccord (https://incrypted.com/otchet-kriptovalyuty-operezhayut-fondovyj-rynok/).
Bitcoin has grown by roughly 140% over the past year, Ethereum by 60%, while the S&P 500 index has risen nearly 30%.
"If Bitcoin follows historical patterns, it typically sees growth 6-12 months after a halving, meaning a potential rally could begin between now and April," noted Canaccord.
🔥 The whole crew — BingX, Vectrum, and Hash7 — will be at Blockchain Life in Dubai on October 22-23.
BingX is this year's Innovation Sponsor, and Hash7 is the Sapphire Sponsor. It's going to be a major event!
Speakers include Justin Sun (TRON), Vivien Lin (BingX), Paolo Ardoino (Tether, Bitfinex), Eowyn Chen (Trust Wallet), and Xinxi Wang (Litecoin Foundation). There will be a Russian translation available.
BingX is this year's Innovation Sponsor, and Hash7 is the Sapphire Sponsor. It's going to be a major event!
Speakers include Justin Sun (TRON), Vivien Lin (BingX), Paolo Ardoino (Tether, Bitfinex), Eowyn Chen (Trust Wallet), and Xinxi Wang (Litecoin Foundation). There will be a Russian translation available.
21 projects raised $237.5 million in investments over the past week
https://incrypted.com/21-proekt-privlek-237-5-mln-investicij-za-proshedshuyu-nedelyu/
From September 21 to 28, 2024, 21 projects raised a total of $237.5 million in investments.
We break down the investments from the past week in our digest (https://incrypted.com/21-proekt-privlek-237-5-mln-investicij-za-proshedshuyu-nedelyu/) .Enjoy reading!
https://incrypted.com/21-proekt-privlek-237-5-mln-investicij-za-proshedshuyu-nedelyu/
From September 21 to 28, 2024, 21 projects raised a total of $237.5 million in investments.
We break down the investments from the past week in our digest (https://incrypted.com/21-proekt-privlek-237-5-mln-investicij-za-proshedshuyu-nedelyu/) .Enjoy reading!
#LIME Will Live
Despite the coin's price having corrected significantly after its rise and the overall market sentiment being somewhat gloomy, the project team continues to work actively. Not long ago, they released the roadmap for the second half of 2024. In the near future, we expect some movement with this asset and a price increase. For now, we're just buying the dips.
I see that many people in the comments on various channels mentioning #LIME are saying that influencers were given free coins, they sold them to their audience, and are now just enjoying the ride. That's not the case here at all. For your understanding, all influencers who support the project with posts invested their own money through allocation and haven't sold anything yet because there are specific vesting conditions. So, we're in the same boat with everyone else, waiting for the project's development and growth. This is a long-term investment.
Buy #LIME on BingX:
[https://bingx.com/partner/vectrum/](https://bingx.com/partner/vectrum/)
Despite the coin's price having corrected significantly after its rise and the overall market sentiment being somewhat gloomy, the project team continues to work actively. Not long ago, they released the roadmap for the second half of 2024. In the near future, we expect some movement with this asset and a price increase. For now, we're just buying the dips.
I see that many people in the comments on various channels mentioning #LIME are saying that influencers were given free coins, they sold them to their audience, and are now just enjoying the ride. That's not the case here at all. For your understanding, all influencers who support the project with posts invested their own money through allocation and haven't sold anything yet because there are specific vesting conditions. So, we're in the same boat with everyone else, waiting for the project's development and growth. This is a long-term investment.
Buy #LIME on BingX:
[https://bingx.com/partner/vectrum/](https://bingx.com/partner/vectrum/)