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The Pepe price dropped more than 8% over the past 24 hours to trade at $0.000001001 as of 8:30 am EST amid a down day for meme coins. The Pepe Price Breaks Below A Key Support Level Daily chart for PEPE/USDT (Source: TradingView ) The Pepe price dropped below the key support level at $0.00000105 over the past 24 hours as it remains trapped in a medium-term descending price channel. As a result, the meme coin is trading around the lower barrier of the price channel.  Historically, this has led to a bullish surge in the Pepe price. Looking at just the past 2 weeks, all of the tests of the lower barrier of the price channel were followed by a move towards the upside within the following 48 hours. Should history repeat itself, the Pepe price may reclaim a position above the recently-breached $0.00000105 support level. A daily candle close above this significant point may then give the altcoin the foundation needed to rise to the upper boundary of the negative channel.  Th...

An X user blames the ONDO token decline on a suspected token dump by the project’s team.  The user alleges the team sold 40 million ONDO tokens, after which the token fell.  On Monday, the same user flagged a 20 million token sale by the project’s team. In a recent tweet on X (formerly Twitter), an X crypto enthusiast flagged a series of suspected ONDO sales by the project’s team as the reason behind the token’s sudden steep decline in the early hours of Tuesday and Monday. The alleged sales followed an upward trend in the token’s price the previous week. In what began on January 22, the X crypto enthusiast flagged a series of transactions from two wallet addresses associated with the project’s multi-signature. Specifically, the user reported that millions of ONDO tokens were transferred from the multi-sig to the two wallet addresses.  In the latest transaction, the user noted that over 40 million ONDO tokens were sold in the late hour...

SEC’s X account was compromised through a “SIM swap” attack, hijacking the linked phone number. Multi-factor authentication (MFA) was disabled at the SEC’s request in July 2023. Investigation ongoing, focusing on attack method and attacker’s knowledge of phone number. In a recent update on the security breach of the SEC’s official X account (@SECGov), the regulator disclosed that unauthorized access occurred due to a SIM swap attack and a disabled multi-factor authentication (MFA) feature. During the ongoing investigation, the SEC revealed that the unauthorized party gained control of the SEC phone number linked to the account through a “SIM swap” attack. By exploiting this method, the unauthorized party bypassed password reset protections and took control of the @SECGov X account. For those unfamiliar, SIM swapping is a technique where an attacker tricks a telecom carrier into transferring a phone number to ...

For years, the flagship Grayscale Bitcoin Trust (GBTC) has been the world’s largest publicly traded bitcoin fund. Grayscale charged shareholders 2% every year to manage up to $30 billion worth of bitcoin. Now a spot bitcoin ETF that charges 1.5%, GBTC is widely considered to be the most expensive of its kind — competing against 10 others boasting expense ratios as low as 0.2%. However, MSTR’s complicated mix of debt service, share dilution, stock-based derivatives compensation, and preferred voting rights may deem it to be far more expensive than any bitcoin ETF. Chart via Yahoo Finance. MicroStrategy is a de facto bitcoin holding company. At press time, it holds $7.69 billion in BTC, which makes up 98% of the firm’s $7.83 billion market cap. Meanwhile, the actual enterprise software business of MicroStrategy earned a trivial $90 million in net income from continuing operations over the last year. From a cursory glance, MSTR might seem to be the least expensive bitcoi...

Terraform Labs files for Chapter 11 bankruptcy protection with the US Court. The platform’s assets and liabilities range from $100 million to $500 million, as per the filing. The filing stated that the company would take care of the ongoing legal proceedings and the financial obligations. Terraform Labs, the once-prominent crypto exchange whose collapse in 2022 triggered the protracted crypto winter, has recently filed for Chapter 11 bankruptcy in the US court. According to a filing dated January 21, both the assets and liabilities of the company ranged from $100 million to $500 million. In May 2022, Terraform Labs saw a major crash with the fall of its key tokens, TerraUSD and Luna. Wiping out more than $40 billion in market cap, the fall of Terraform Labs led to the downfall of a wider crypto market. According to the bankruptcy filing, Terraform Labs has agreed to settle the company’s financial obligations to its employees during the bankruptcy case wit...

The Pyth Network price is up 21% in the last 24 hours to trade for $0.4146 as of 10:40 a.m. EST time, with trading volume rising over 50%. This is part of a recovery rally that spanned between November and the first week of January, with PYTH bulls trying to recover the lost ground. Meanwhile, amid the restored hype for the token, its staking function continues with stakers gaining participation in the Pyth Network governance. 🔮 $PYTH 🔮 really hope you guys are staking your $PYTH i have a very strong feeling about this one not much has been announced, but the hype is starting, and the #PYTH Network is very well-connected (you see that $PYTH icon everywhere) STAKE. YOUR. PYTH. @PythNetwork 🔮 pic.twitter.com/e9abfdcpnl — Curb◎ (@CryptoCurb) January 21, 2024 The technical indicators support the bullish outlook for the Pyth Network price, with the Relative Strength Index (RSI) showing rising momentum. This is after executing a buy signal when i...

SEC nods propel Bitcoin ETF options trading by Nasdaq and Cboe, marking a significant leap in crypto investment avenues. Nasdaq’s BTC ETF options promise cost efficiency, advanced hedging; Analysts foresee hedge fund influx. Pullix’s PLX token presale gains traction, introducing a game-changing “Trade-to-Earn” concept, reshaping crypto engagement. Just when everyone thought that 2024 had seen the most after the recent spot Bitocin ETFs approval by the US SEC, excitement is rippling through the crypto community again as Nasdaq and Cboe gear up for Bitcoin ETF options trading. The two have already filed applications with the SEC and the regulatory authority has recognized the applications. Simultaneously, Pullix, a hybrid trading platform is promising a new era in decentralized finance. Nasdaq and Cboe Bitcoin ETF Options trading move In a screenshot posted on X by James Seyffart, the SEC has already acknowledged the 19b-4s requesting...

Jan 19, 2024 at 11:00 // Price Author Coin Idol The Binance Chain Native Token (BNB) price has been in a sideways trend since the end of its uptrend on December 23, 2023. BNB price long term prediction: range On December 23, 2023, the BNB price rose to a high of $338 before being pushed back. Buyers were unable to sustain the positive momentum above the $340 peak. As a result, BNB was forced to trade sideways in the $290 to $320 price range. Doji candles, which have a small body and are indecisive, have slowed price action for more than two weeks. These cand...

The office of the President of South Korea called on the country’s financial regulator to reconsider the possibility of admitting spot Bitcoin (BTC) ETFs to trading in the country. Previously, the local Financial Services Commission warned South Korean companies that brokering transactions in foreign spot Bitcoin ETFs could violate capital market rules. A halt followed several local companies’ announcements in trading foreign BTC-based exchange-traded funds. On Jan. 18, the Office of the President of the Republic of Korea asked the South Korean Financial Services Commission (FSC) to refrain from issuing a “do” or “don’t” directives for ETFs. Tae Yoon Seong, head of the political department of the presidential administration, said: “We are trying to make appropriate changes in our country’s legal system or consider whether what happens abroad can be accepted in our country.” Tae Yoon Seong, head of the political departme...

The Wall Street Journal argues that ETFs make Bitcoin problems “even worse.” Bitcoin failed to achieve its main objectives, according to the WSJ.  WSJ noted the disadvantage of Bitcoin ETFs, as investors can only access holdings within conventional trading hours. The recent flood of Bitcoin exchange-traded funds (ETFs) entering the U.S. market holds promise for easing cryptocurrency access but also surfaces worries about clashing with decentralized digital asset ideals, according to The Wall Street Journal.  WSJ argues that ETFs broaden investor participation in the cryptocurrency asset class through the ETF. However, critics contend linking Bitcoin to mainstream banking and dollar-denominated trading contradicts its original mission as directly peer-to-peer “digital gold” enabling payments. According to the WSJ, during the market turmoil of March 2020 amid the pandemic panic, Bitcoin depreciated by almost half from its February zenit...

The SEC argues that Coinbase has created a deviated form of the original Howey Test, which Coinbase denies. Judge Failla remains unsatisfied with the SEC’s statements and demands a clearer definition of securities. Lawyer Bill Morgan sees this development as a green signal towards the United States’ classification of cryptocurrencies as non-securities. The legal brawl between the SEC and crypto exchanges took a new turn in a recent hearing where United States Judge Katherine Polk Failla cross-examined the regulator. The judge remains unsatisfied with the SEC’s statements against Coinbase, and XRP advocate Bill Morgan believes this is a sign that cryptocurrencies will eventually be acknowledged as non-securities in the U.S. One thing is clear. It is now common ground the tokens themselves are not securities. After the SEC v Ripple summary judgment it was said that Judge Torres finding that #XRP itself is not a security is only obiter. But it seems it has alre...

Crypto exchange Gemini is now registered as a cryptocurrency services provider in France. The exchange will offer its services and products to customers in France in coming weeks. Coinbase also recently received a VASP license from the French regulator. On January 17, the US-based crypto exchange co-founded by the Winklevoss twins Cameron and Tyler, announced it had secured the Digital Asset Service Provider (DASP) registration from French financial markets regulator l’Autorité des Marchés Financiers (AMF). The milestone, which follows Gemini’s unveiling of its EU headquarters in Ireland in 2022, will see the exchange extend its crypto products and services to retail and institutional customers across France.  Gemini plans to begin offering these services and products in coming weeks, Gillian Lynch, Gemini ’s Head of Ireland and EU, said. “ France is a global innovation leader and has a vibrant crypto community as...

Key takeaways The Bitbot presale officially launched a few hours ago, giving investors to purchase the tokens at a discount price The presale has so far raised more than $25,000 within minutes.  The cryptocurrency market has underperformed since spot Bitcoin ETFs were launched in the United States. However, the Bitbot presale has launched, granting investors an early chance to purchase the tokens at a discount.  Bitbot’s presale commences The cryptocurrency market has been trading sideways since the spot Bitcoin ETFs were approved a week ago. Bitcoin’s price continues to trade sub $43k, with other altcoins also underperforming. However, trading volume in the market continues to be strong, with more investors entering the space. With that happening, the Bitbot presale official ly commenced today. Bitbot , a Telegram bot, could become a disruptive force, offering a self-custodial trading solution on Telegram. The Bitbot token pres...

A closely followed analyst thinks Ethereum (ETH) is on the verge of a rally after the second-largest crypto asset flashed a bullish signal on the high time frame chart. Ali Martinez tells his 40,700 followers on the social media platform X that ETH broke out from an ascending triangle on its weekly chart and continues to target $3,400 despite its short-term volatility. Source: Ali Martinez/X An ascending triangle is a technical Analysis pattern that typically involves two or more equal highs and a series of higher lows. It’s usually interpreted as a bullish pattern. Ethereum is trading at $2,517 at time of writing. Martinez also notes that the Tom DeMark (TD) Sequential indicator recently presented a buy signal for top meme asset Dogecoin (DOGE). The TD Sequential indicator is used by traders to predict potential trend reversals based on the closing prices of the 13 previous bars or candles. Says Martinez, “As long as the $0.074 support cluster co...

Despite being a popular meme coin, Shiba Inu (SHIB) is one of the few notable cryptocurrencies that have failed to surge in the late 2023 crypto market rally. In fact, unlike many other coins and tokens, its price in January 2024 is below what it was in January 2023 – a time when the “crypto winter” still dominated the market. In total, Shiba Inu has declined 6.98% in the last 52 weeks and is 3.99% in the red in the last 30 days. The latest week, however, did see it regain some ground as it rose 3.92% up to $0.000009658 by press time.  In terms of volume, SHIB is ranked 62nd among cryptocurrencies, though its market cap – standing at $5.69 billion – is the 17th biggest in the world. SHIB 1-year price chart. Source: Finbold Cryptocurrency $100 billion wiped from the crypto market in under a week Cryptocurrency Hedge fund manager lists 5 reasons why Bitcoin ETF failed to meet expectations Cryptocurrency Bin...

HashKey Group successfully concluded a Series A financing round, raising nearly $100 million. Pre-money valuation of HashKey now exceeds $1.2 billion. Existing shareholders and new investors (institutional, Web3 institutions, and strategic partners) participated in the funding round. HashKey Group, a prominent digital asset financial services group in Asia, has successfully concluded a Series A financing round that garnered nearly $100 million. This fundraising round brings the pre-money valuation of HashKey to over $1.2 billion. The Series A financing round saw active participation from existing shareholders. Moreover, HashKey attracted new investors in the form of institutional investors, prominent Web3 institutions, and strategic partners. The capital raised through this financing round will play a pivotal role in strengthening HashKey’s Web3 ecosystem. It will also accelerate the diversification of its licensed business activities in Hong Kong an...

A 29-year-old alleged cryptojacking “mastermind” was arrested by Ukraine and Europol last week and accused of mining $2 million worth of crypto using stolen computational power. According to a press release from Europol, the suspect was arrested on January 9 in Mykolaiv after an unnamed cloud provider tipped off authorities after its user accounts had been compromised. The provider, Europol, and Ukrainian authorities then worked together to investigate the scheme.   According to The Register, three properties were raided during the investigation and the alleged miner is currently being held in Ukraine under judicial secrecy. The cloud provider also remains unnamed. Stealthy crypto miners loot altcoins with GitHub trial accounts Read more: Illegal crypto mining rigs found in Poland’s Supreme Administrative Court Cryptojacking is essentially the unauthorized access of computing infrastructure by malicious actors who want to redirect computational power to crypto mi...

The cryptocurrency fear and greed index has returned to neutral after a surge last week. According to Alternative.me, on Jan. 15, the fear and greed index fell to October 2023 levels . The drop came days after the first spot Bitcoin (BTC) ETFs were approved in the United States. According to the index, Bitcoin’s market sentiment score is 52 out of a possible 100, the lowest since Oct. 19 last year, when BTC traded at an average daily price of approximately $31,000. Source: Alternative.me Notably, just a few days ago, the index hit an “extreme greed” reading of 76 as the market awaited the approval of spot Bitcoin ETFs. The index numerically shows the emotions and sentiments of crypto market participants. It collects and weights data from six key market indicators: volatility (25%), market momentum and volume (25%), activity on social networks (15%), survey data (15%), BTC dominance (10%), and trends (10%). On the evening of Jan. 10, the U.S. Securities and ...

Navigating the dynamic world of cryptocurrencies can be both exciting and daunting, especially when trying to identify the next big thing in the market. Amidst the numerous options, three projects stand out for their potential to follow in the footsteps of Solana (SOL), the token behind a high-performance blockchain platform that saw a remarkable 900% growth in 2023 alone. Keep an eye on Retik Finance (RETIK), Ethereum Classic (ETC), and Sei (SEI) as these emerging contenders show promise. Let’s see why. Retik Finance (RETIK): Utility-Driven Presale Token Poised to Repeat Solana’s Success Retik Finance (RETIK), currently in its presale phase, envisions a distinctive future for decentralized finance (DeFi). The platform aims to bridge the gap between digital and traditional finance by providing user-centric solutions within a comprehensive ecosystem. At the core of this ecosystem is the $RETIK token, which serves as a utility asset that powers various platform features....