Robert Kiyosaki: The dollar has become garbage - invest in bitcoin

The author of the book “Rich Dad, Poor Dad” said that he is concerned about the growing public debt of the United States. According to the entrepreneur and investor, the dollar is becoming worthless, which means it is urgent to buy bitcoin, gold and silver.

Robert Kiyosaki revealed that the US national debt is growing by $1.1 trillion every 100 days and servicing the interest costs taxpayers $1 trillion a year.

“While I want Donald Trump to win, it doesn't really matter much. The real issue is the $35 trillion US debt, which neither Trump nor Kamala Harris can handle. If you spent $1 per minute, it would take 31,688 years to use up $1 trillion. Simply put, we are in the shit. The dollar is garbage,” the writer stated in his tweet.

The entrepreneur and investor once again called on people to stop “hoarding fake money.” According to him, investors should invest available funds in the first cryptocurrency and precious metals. According to the writer, the recession is inevitable, and the world stock market “because of the illiterate policy of central banks” will make a very hard landing.

Earlier, Robert Kiyosaki told what benefit for bitcoin will bring Trump if he wins the US presidential election on November 4.

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Stephen Lubka: “Bitcoin price will reach six figures regardless of the outcome of the US election”

Director of the cryptocurrency exchange Swan Bitcoin Stephen Lubka expects the value of bitcoin to grow to six-digit values by 2025. At the same time, in his opinion, the growth of the first cryptocurrency does not depend on the results of the elections in the United States.

Steven Lubka said his prediction is based on his belief and analysis of bitcoin's historical price trajectory, which is more influenced by global fiscal and monetary conditions than any political events.

“I believe bitcoin's value will reach six figures by 2025. At the same time, it will arrive at this result regardless of who emerges as the winner in the presidential race,” Lubka said.

He emphasized that the recent institutional acceptance of the first cryptocurrency, which manifested itself in the launch of spot bitcoin ETFs, has further strengthened his optimistic forecast.

An alternative viewpoint is held by analysts at Bernstein. In their forecast of the market price of bitcoin, the experts noted that during most of 2024, the cost of bitcoin fluctuated in the range from $55,000 to $70,000 and investors should expect price stagnation of VTS, until the U.S. electorate will not choose the next president. At the same time, an election victory by a candidate from the ruling Democratic Party could cause the bitcoin price to fall to $40,000.

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Large investors started to act more actively on the background of BTC value growth

The flagship of the crypto market recently reached the round mark of $60,000. This provoked an increase in activity on the part of large investors. Recently, representatives of the analytical publication Lookonchain reported that an unknown whale transferred 205 BTC to the Binance platform for a total amount of $12, 4 sea. Experts have come to the conclusion that by doing so, the investor wants to lock in profits. Tentatively, he will receive a profit of $2.36 million.

As quotations approached the area of $60,000, there were more and more investors who decided to open sales. According to specialists, in the near future this may provoke a significant growth of volatility in the market. It is possible that soon bitcoin itself may once again face increased pressure from sellers.

Large transactions on the part of whales often make the market move unpredictably. On the one hand, they can lead to increased liquidity and market depth, which is a positive sign. On the other hand, a sudden influx of supply can put pressure on prices, especially if not absorbed by an equally strong demand.

To summarize, Lookonchain noted that bitcoin's approach to the $60,000 mark has led to strategic actions by major holders, potentially increasing volatility. Investors should keep a close eye on whale activity, as it often precedes significant changes in the market. While the immediate effect may be uncertain, understanding these movements can provide valuable insight into market trends and future price action.

Currently, the major digital coin is trading near the $60,000 round area. Over the past 7 days, the flagship of the crypto market has added about 11% in value.

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Cryptocurrency millionaire lost $43 million

Popular crypto millionaire James Fickel has lost more than $43 million in the market since the beginning of January this year. This happened against the background of the fact that his outstanding loan on the Aave platform exceeded the mark of $132 million. Fickel himself is considered one of the first investors in Ethereum. He also founded the Amaranth Foundation service.

According to Lookonchain, the investor expected ether to significantly strengthen its position against bitcoin this year. However, Fickel's expectations were not met. The fact is that since the beginning of 2024, Ethereum quotes have fallen relative to Bitcoin by almost 24%. So far, the investor is not eager to get rid of the losing trade. This indicates that he continues to believe in the steady growth of ether against bitcoin. It should be noted that Fickel invested about $400k in Ethereum back when its market value did not exceed $0.8.

Meanwhile, spot ether-ETFs continue to experience an active outflow of funds. Since their appearance, they have lost more than $581 mln. The lion's share of the total outflow fell on the fund issued by Grayscale. In fact, the forecasts of many experts were justified. Many experts assumed that Ethereum-ETF will not be able to repeat the success of similar investment products on bitcoin.

Meanwhile, the flagship of the crypto market continues to strengthen its position since September 7. Recently, its quotes have confidently reached the round mark of $60,000. According to a number of market researchers, if the price manages to gain a foothold above this level, it is very likely that the steady growth will continue. Bitcoin has added about 9.5% over the past 7 days. Ethereum is lagging behind in this regard, as the asset rose in price by a little more than 5%.

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Speculation surrounding the Ripple ETF has triggered a wave of FOMO

Investor sentiment around the performance of Ripple (XRP) has improved significantly amid the launch of the Grayscale trust.

The recent announcement has triggered a wave of rumors about the imminent arrival of XRP ETFs. Here's a look at how the rise in positive sentiment could affect the altcoin's price.

Ripple ETF may become a reality

On September 12, Grayscale, one of the world's leading digital asset managers, announced the launch of a trust on XRP in the United States. Following the announcement, the token's price jumped from $0.53 to $0.58.

Although the altcoin is trading around $0.56 at the time of writing, onchain data shows a significant increase in weighted sentiment. This metric helps to understand whether the market is leaning towards bullish or bearish sentiment towards the asset.

The recent rise suggests that previously cautious market participants are becoming increasingly optimistic about the future of XRP.

A historically high reading of this metric is often a precursor to a short-term price decline. If this trend continues, XRP could face a potential correction.

Network growth supports this prediction. Since Grayscale's announcement, the number of new addresses on the XRP Ledger (XRPL) has skyrocketed, indicating increased demand.

The number of new addresses with successful transactions, meanwhile, has decreased. This could mean that Ripple could lose much of its recent gains.

XRP price forecast: Imminent bearish reversal

Over the past 24 hours, the price of XRP has risen and outperformed other cryptocurrencies in the top 10. However, the Chaikin Money Flow (CMF) indicator on the daily chart is still showing negative values, hinting at sellers' dominance.

“Miracle Oscillator” is also in the minus despite the green bars on the histogram. Under such conditions, the price of XRP may drop to $0.52 in the near future.

However, if the bulls gather their strength, they can push the altcoin to $0.60.

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The SEC clarified the definition of securities for cryptocurrencies

The SEC has never considered specific tokens as securities, but has taken into account the full set of contracts, expectations, and arrangements for the sale of assets. The Commission stated this in an amended complaint against Binance.

“The SEC 'regrets any confusion' it may have caused by repeatedly falsely stating that tokens are themselves securities,” Coinbase general counsel Paul Grewal commented.

He noted that the agency categorized XRP as an investment contract in the first paragraph of its complaint against Ripple.

Stuart Alderoti, legal counsel for the California-based cryptocurrency company, criticized the SEC's clarification, comparing the agency's position to a “twisted salted pretzel.”

He said the Commission recognized that “crypto-active security” is a made-up term that requires gathering evidence.

He was disagreed with by attorney Fred Rispoli, who acknowledged that the SEC looks “pretty good” in this situation.

Prominent industry lawyer Jake Czerwinski supported Grewal, comparing the SEC's behavior to “extreme gaslighting.” Users in the comments reminded him that during the process he supported the agency's assertion regarding the classification of XRP as a security.

“Nice attempt to save face. But it demonstrates that they still can't grasp a concept too complex to understand offhand. Cryptocurrency tokens are mostly 'crowdfunding without equity'. A completely new idea,” noted the entrepreneur under the nickname Azure.

Recall, the current head of the SEC Gary Gensler expressed doubts about the need for cryptocurrencies and stated about their harm to the economy.

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Cardano's price could rise 40% despite the recent sale of 140 million ADAs

The price of Cardano (ADA) has been moving in a downward channel for the past five months. Despite some volatility, the cryptocurrency still holds potential for possible growth.

However, recent developments, including significant selling by large investors, raise questions about the altcoin's future dynamics.

Bullish signals for Cardano are emerging

Cardano's large investors are showing increasing skepticism towards the asset. Over the past few days, addresses holding between 10 million and 100 million ADA have sold approximately 140 million tokens worth more than $50 million.

While the move has raised concerns, similar whale actions in the past have driven the price higher. Large-scale sales by large investors often create potential buying opportunities for ordinary market participants.

Nevertheless, the overall mood in the market remains cautiously optimistic. Sales have contributed some pressure in the short term, but the long-term outlook suggests that declines caused by large investors could have the opposite effect on the price.

Against the rest of the market, Cardano continues to show strong momentum. This suggests that ADA can still make significant gains despite the short-term volatility.

ADA price outlook: continued growth

Cardano's price is approaching a breakout from the downtrending channel that has been holding it back for the past five months. The reaction to the key resistance level at $0.37 will determine whether the cryptocurrency manages to consolidate above its upper boundary.

If ADA successfully turns $0.37 into support, the altcoin's price could rise by 40% and reach $0.51.

However, a failed breakout attempt will lead to a drop to $0.34 or even $0.31.

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TON, FET and ETH: what the whales were buying this week

This week, the cryptocurrency market has seen modest growth, with total market capitalization increasing by 3% over the past 7 days.

The growing optimism has prompted large investors to accumulate some altcoins - including Toncoin (TON), Ethereum (ETH), and the Artificial Superintelligence Alliance (FET).

Toncoin (TON)

The price of Toncoin began to rise a week after Telegram CEO Pavel Durov broke his silence regarding his arrest in France.

The altcoin is currently trading at $5.55, having added 16% over the past seven days.

The rise in price has naturally attracted the attention of whales. Santiment data shows that the number of addresses with balances between 1,000 and 100,000 TON reached a 30-day high of 1,219.

Ethereum (ETH)

Net inflows of large Ethereum holders rose 109% this week. Large holders are defined as addresses holding more than 0.1% of the asset's current supply. Net inflows reflect the difference between their purchases and sales over a given period.

Interestingly, whales continued to accumulate ETH despite the unimpressive dynamics of the asset price.

If the trend continues, ETH will overcome the resistance level of $2,386 and head towards $2,783.

Artificial Superintelligence Alliance (FET)

FET's price is up 25% this week. The AI altcoin became even more attractive to market participants after reports that OpenAI plans to raise $6.5 billion in funding.

According to Santiment, the number of addresses that hold between 10,000 and 1,000,000,000 FETs rose 11%. There are now 763 wallets in this category, an all-time high.

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Latin American crypto exchange Ripio introduces DeFi credit card with Visa

-- Ripio announced the DeFi credit card in partnership with Visa, which jointly introduced a prepaid debit card in 2022.
-- Users will be allowed to use up to 30% of the amount locked in a Compound-based liquidity pool with multiple cryptocurrencies, including Bitcoin and ether.

The CEO of Latin America cryptocurrency exchange Ripio said Thursday that its CEO Sebastian Serrano is testing a blockchain-linked Visa credit card that allows users to make payments using a portion of the funds locked in the DeFi liquidity pool .

Ripio users will be able to make purchases using up to 30% of the amount locked in a Compound-based liquidity pool that will support Bitcoin (BTC), ether (ETH), USDC, USDT and Ripio's dollar-linked stablecoin, the crypto-dollar (UXD), Serrano said at the Ripio Modular Summit event in São Paulo, local newspaper Valor reported.

“First we will do a test with users and then the time will come when we will open it up to everyone. It's a proof of concept where we will have to test a lot of things,” he said. Customers can join a waiting list to access the map.

In 2022, Ripio introduced the Visa prepaid debit card , which allows purchases using cryptocurrencies and issues cash rewards in Bitcoin.

Ripio operates in Argentina, Brazil, Uruguay, Colombia, Chile, Mexico, Mexico, Spain, Uruguay and the United States. The company claims to have reached more than 10 million users and 2,000 institutions.

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Hong Kong is considering new OTC trading licensing regulations

The Hong Kong Securities and Futures Commission has addressed the decentralized trading industry. This was an important step towards the introduction of new legislative rules that will govern the industry. The amendments suggest that the regulator will interact with the Customs and Excise Department.

In parallel, the SFC regulator released a list with suspicious platforms providing services in the decentralized trading segment. Hong Kong continues to implement the strategy, according to which the strata intends to become one of the key global centers in the industry of digital assets.

Since the beginning of this summer, the activities of unlicensed trading platforms have become illegal. Representatives of such platforms may even face criminal prosecution. Now there are only 2 licensed platforms operating in the region: Hash Blockchain and OSL Digital Securities.

Earlier, former Republican presidential candidate Vivek Rimaswamy harshly criticized the activities of the SEC regulator. According to him, the agency's approach negatively affects the digital asset segment in the country. This, in turn, significantly limits the potential for the development of financial innovation in the United States.

The expert emphasized that all the actions of American regulators fit into the concept of banal coercion. According to Rimaswamy, Donald Trump can radically change the current situation. Trump himself, during a recent speech at the Bitcoin 2024 conference, emphasized that the flagship crypto asset should become a key part of the US strategic financial reserve. According to him, the country's authorities should not sell it. On the contrary, an active accumulation of coins will be a strategically advantageous goal.

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Sony's Soneium blockchain has integrated Chainlink

Technology giant Sony has partnered with cryptocurrency project Chainlink in order to improve the scalability of its new Layer 2 (L2) blockchain, Soneium

Soneium is the result of a joint effort between Sony Group and Startale, which has set up its own Sony Block Solutions lab to develop the L2 network.

Soneium partners with Chainlink

As part of the partnership, Soneium will integrate the Chainlink Scale program, whose main goal is to drive sustainable growth of various blockchain ecosystems, including Layer 2 solutions. The program provides access to a broad list of quality data oracle services.

Sony Block Solutions Lab has developed Soneium to solve pressing problems through innovative approaches. The goal of this project is to make blockchain more understandable and useful for everyone.

“Soneium is built for developers; the network is capable of handling high traffic, supporting complex applications and providing seamless commissioning. Chainlink's industry-standard infrastructure ensures that we are providing the best possible experience for the Soneium ecosystem,” said Sony Block Solutions lab chairman Jun Watanabe in a comment for BeInCrypto.

Soneium will launch on a test network in partnership with Astar (ASTR). Known for its multichain capabilities, the project will provide initial liquidity and create a user-friendly environment for developers and users.

Soneium's technical infrastructure will be built on the Superchain platform using Optimism's OP Stack technology.

Chainlink's price jumped 10%

According to Santiment, mentions of LINK on social media increased significantly following the news of Chainlink's integration into Soneium. The figure has surpassed the peak recorded in December last year.

“LINK's share of social media discussions peaked in 2024. At the same time, the number of holders declined, which is generally considered a bullish signal if the market stabilizes next week,” the analysts wrote.

The growing interest in LINK isn't just due to the hype surrounding Soneium, however. In recent months, at least seven blockchains, including Arbitrum, Base, BNB Chain, Ethereum, Polygon, Sonic Labs and StarkNet, have implemented Chainlink-developed products.

Other integrations include Ambit Finance, Borderless, Euler Finance, Jojo Exchange, Tadle and zkLend. Chainlink's Cross-Chain Interconnection Protocol (CCIP) currently supports more than nine networks.

“Now that CCIP is available on the mainnet for everyone, it has become much easier for developers to implement it as a reliable mechanism for cross-blockchain communication,” Chainlink co-founder Sergey Nazarov shared with BeInCrypto.

According to CoinGecko, the price of LINK has increased by almost 10% over the last week. At the time of writing, the asset is trading at $10.84, having risen by 2.4% over the past 24 hours.

The capitalization of Chainlink exceeds $6.5 billion. According to this indicator, LINK ranks 18th among the largest cryptocurrencies on the market.

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Keith transferred $14.3 million in SOLs to the exchange

Earlier on September 13, Whale moved a large sum in SOL tokens to the centralized crypto exchange Binance. This could mean that the investor is planning to sell off his savings in Solana

Breaking down what's going on with Solana (SOL) and what to expect from the cryptocurrency's dynamics in the coming days.

Solana whales are thinking about security

Earlier today, an unknown whale took 106,213 SOLs worth $14.3 million out of the staking and transferred them to the Binance cryptocurrency exchange. This is reported on Lookonchain. Usually, such large transfers to the CEX can hint that the holder of these assets may be preparing to sell them. By doing so, it could significantly affect the market price of the cryptocurrency.

Such actions on the part of the whale could well have been provoked by the outbreak of volatility on the Solana market. Confirm this thesis and Bollinger Bands (Bollinger Bands). The chart below shows that the gap between these two bands has increased significantly over the last month.

Meanwhile, the activity of traders on the SOL derivatives market is decreasing. Over the past 24 hours, trading volume is down 40% and open interest is down 2%.

Those who do continue to trade are now opting to open long positions. This is hinted at by the funding rate, which is now at 0.0049%. Positive values signal that more market players are now waiting for the cryptocurrency to grow rather than fall.

SOL Forecast: bearish picture

At the time of writing this analysis, SOL is trading at $132.64, down almost 2% overnight.

The SAR indicator on the cryptocurrency paints a bearish picture. As you can see in the chart below, its points are now above the price of Solana. This location could indicate a possible fall in the near future.

In addition, the Directional Movement Index (DMI) shows that the negative directional indicator (-DI) exceeds the positive one (+DI). This also signals a bearish narrative around SOL and bodes further downside for the token.

If the decline continues, Solana risks sagging below support at $133.64 and possibly even falling to $110. However, if the market sentiment improves, the bulls will be strong enough to defend this level. Then SOL will be able to start climbing to $160.90.

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Bitcoin miner Marathon Digital has accumulated $1.5 billion worth of BTC

One of the largest mining companies continues to accumulate bitcoins. In August, Marathon Digital Holdings acquired more than 5,000 bitcoins and now has 26,200 BTC worth about $1.5 billion in its reserves.

Acquiring bitcoins is a marathon, not a sprint,” the mining giant wrote on its official page.

Marathon Digital Holdings has been buying bitcoins throughout 2024. However, it was August that proved to be the most productive. On August 14, the miner announced the purchase of 4,144 BTC, adding about 1,200 more coins by the end of the month.

Marathon Digital Holdings now holds almost 0.12% of the total bitcoins in circulation. This makes one of the largest miners the second largest public holder of the flagship asset, behind only investment firm MicroStrategy. Like Michael Saylor's firm, the miner is pursuing a hodl strategy, meaning it plans to continue to grow its reserves rather than sell them.

According to Bitcoin Treasuries, an analytics platform, public companies are increasingly investing in bitcoin. Thus, their total reserves of the flagship cryptocurrency increased from 272,770 BTC at the beginning of 2024 to 333,329 BTC.

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3 AI tokens that distinguished themselves this week

he beginning of September turned out to be difficult for a number of AI tokens. However, the second week of the month markedly changed the situation

The current resurgence in the AI token segment can be attributed to prominent OpenAI-related events. Here are the 3 AI segment coins that performed the best in the outgoing week.

NodeAI (GPU)

NodeAI is a decentralized platform that provides access to AI and GPU resources. It uses blockchain technology to allow users to connect to AI nodes and rent nodes to access AI servers. The project also supports GPU token steaking.

Between September 8 and September 12, the price of GPUs rose 26%. The increase coincided with news of OpenAI's intentions to raise $6.5 billion in investment, which would increase its valuation to $150 billion. The price of the AI token reached $0.74, but then fell to $0.71 at the time of writing.

However, according to the moving average convergence-divergence indicator (MACD), the asset could be poised for a rebound. The daily chart shows that the MACD remains in positive territory. If this momentum continues, GPU could move up to $0.85. However, if profit taking begins, this prediction could prove wrong, causing the price to drop to $0.62.

Bittensor (TAO)

TAO, the token of decentralized machine learning protocol Bittensor, is up 26%. On September 6, TAO was trading around the key support level of $231.24. According to the daily chart, a rebound from that support helped the coin take the next barrier at $255.46. It is now trading around $288.97. Meanwhile, the Relative Strength Index (RSI) is above the signal line, indicating a rising bullish momentum.

If this trend continues, the TAO price could rise to $312.17. However, if the bulls cannot sustain the momentum, the uptrend could stall. This would potentially lead to a price drop back to the underlying support level.

Aleph.im (ALEPH).

Aleph.im is a decentralized blockchain project focused on file identification and storage. Recently, its native currency ALEPH grew 28%, making it one of the leaders in the AI token segment

ALEPH is now worth $0.16. The Bull Bear Power (BBP) indicator is showing a strong positive value, saying that buyers are controlling the market. A positive BBP, coupled with news about the new ChatGPT model, could help drive the price up.

If the trend continues, ALEPH could rise to $0.23. However, a decrease in buyer interest may turn the price around and send it to $0.13.

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This week will be marked by 4 important events in the crypto industry

The cryptocurrency market is gearing up for a very significant week, during which four major events are expected.

On Tuesday, July 23, the first reading of the bill on legalization of mining is expected in Russia, which may introduce a ban on the circulation and advertising of cryptocurrencies in the country. Noting the unpredictability of the decision, Andrey Tugarin, founder of GMT Legal, admits that the bans listed in the document may be softened.

On July 23, spot exchange-traded funds based on Ethereum should also start trading, as the U.S. regulator gave its in-principle approval in May this year.

Last week, the Chicago Board Options Exchange (CBOE) confirmed the listing of five Ethereum-ETFs for Tuesday, July 23. This is quite a significant event for Ethereum, as institutional investors will have access to the second largest cryptocurrency by market capitalization.

Additionally, the bitcoin community is very excited about former and possibly future US President Donald Trump's speech at the Bitcoin Conference 2024 in Nashville. This will be the first time that a prominent and high-profile politician will publicly address the global bitcoin community.

Rumor has it that Trump may declare bitcoin a strategic reserve in the United States, which would dramatically strengthen the cryptocurrency's position both in the U.S. and around the world.

XRP supporters have grown weary of watching the sluggish course of the legal standoff between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). Recently, Ripple CEO Brad Garlinghouse expressed optimism that the years-long legal battle will be resolved very soon.

This statement was echoed by Fred Rispoli's attorney, who suggested that a final decision could be heard on July 31, just eight days from now.

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A complete overview of Hamster Kombat's value: what do you need to know about price and capitalization?

Hamster Kombat is a popular tap into Telegram, around which there are a lot of rumors, noise and expectations, and the price of Hamster Kombat coin is the most discussed topic in the community and the cause of many disputes. The number of users in the sensational flagship Notcoin amounted to just over 30 million, while Hamster attracted almost 10 times more.

Hamster has undoubtedly become a record-breaker in terms of the number of users and also impresses with prominent partners. However, the NOT token already has a huge impact on the cryptocurrency market, at least on the TON blockchain, memcoin has eclipsed even the mainstream cryptocurrency. For now, it cannot be said that Hamster coin has a chance to take its place.

Already on September 26, Hamster will be listed on many exchanges. Recently, Binance announced the support of the project, the coin will appear on the top platform as well. The premarket for Hamster Kombat opened back in July, then the prices for the token reached incredible values, for example, the largest transaction was at a price of 238 dollars per 1 token. The value of Hamster coin is currently hovering around 5 cents, at the launch it was 7 cents. Does this mean that players' interest and faith in the project has gone down? Should we wait for a grandiose drop and big earnings of players? In the article, let's try to understand what the Hamster Kombat token is and what are the community's chances of making money in the project.

The current price of the Hamster Kombat token and the factors affecting its change

The price of the Hamster Kombat coin at the time of writing the review is determined by the interest of traders in the cryptocurrency on the premarket. At the moment, the growth prospect of altcoins directly depends on the situation around the US interest rate. Traders expect the Fed to lower the rate on September 18. At the moment, the Fed has left it unchanged for 8 consecutive meetings, which gives hope for a soon decline. However, it is important to understand the dynamics of cryptocurrencies after this event. For example, in 2019, after 4 meetings without changing the rate, there was a decrease in the rate, which led to a prolonged bearish trend on BTC. Altcoins had a rough time at that point.

The Hamster Kombat premarket was opened in July on the Baybit exchange and several other cryptocurrency platforms. The first prices of the Hamster token indicated positive investor sentiment and averaged $0.07. However, in two months there was a lot of negative news and rumors around the game, which led to a decrease in the preliminary price, the minimum value was recorded at $0.001. Now the value of Hamster Coin on the same exchange Bybit is equal to $0.05. At the same time, the market capitalization of the token is not yet estimated in any way.

And although the purchase of cryptocurrency through USDT is a sign of stability, but this does not encourage investors who are ready to sell the future drop even at reduced prices. Another fact is also important. The listing of cryptocurrencies on exchanges is most often accompanied by a price dump, as weak hands come out, that is, those who received the drop and are in a hurry to dump it regardless of the price. The value of Hamster in such a case can drop a lot.

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Nvidia stock sales have surpassed the $104 million mark

Nvidia CEO Jen-Hsun Huang recently embarked on a substantial stock sale strategy that has resonated in the market. In the middle of the week, more than 240 thousand securities were sold for almost $27 million. Currently, the community is divided in its opinion about such actions of Nvidia. Some believe that it can be perceived as a bullish signal. The point is that the increased supply may put pressure on the global market.

What is noteworthy here is that Nvidia shares and bitcoin quotes are directly correlated with each other. Consequently, a fall in the value of securities can negatively affect the dynamics of the flagship crypto asset. The companies whose activities are related to artificial intelligence will also face difficulties. This year, the securities of Nvidia have added more than 140% to the price.

In parallel, many experts emphasize that the presented organization has a dominant share in the segment of video chip production. Consequently, selling shares on a large scale could put extensive pressure on the high-risk asset industry.

Nvidia's dominance in AI-based solutions continues to fuel positive outlook. Recent advances, particularly the expected release of Blackwell chips, will support bullish momentum. In addition, ongoing discussions about chip exports to Saudi Arabia could further strengthen the firm's market position. This development has already contributed to recent upbeat market moves, with NVDA stock rising significantly. It should also be noted that the company recently reported its financial results for the past quarter. They turned out to be positive, however, the cryptocurrency market reacted by falling.

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The scale of liquidations of short positions in the market exceeded the mark of $48 mln

Bitcoin recently reached the round and psychologically important level of $60,000. At some point, the quotes even overcame this area, but have not yet managed to gain a foothold above it. Such a bullish surge provoked an extensive liquidation of short positions, which in terms of scale almost reached the $50 million mark.

In parallel, onchain metrics indicate that investors are actively withdrawing bitcoin for cold storage. In just the last 3 months, trading participants have accumulated at least 28,000 Bitcoin. Also, the stocks of centralized platforms have also significantly decreased recently. At the moment, about 1.8 million coins remain on such platforms. In total, users have withdrawn about 75,000 Bitcoins in 3 months.

This whole situation indicates that investors are withdrawing funds for cold storage. Consequently, the decrease in available supply may favorably affect bitcoin. This will be especially pronounced in conditions of stable high demand. At the moment, traders are closely watching the upcoming Fed meeting. It is expected that next week the main US regulator will reduce the funding rate.

If to believe the data of Fed WatchTool, the probability of its decrease by 50 basis points has increased to 50%. Just a few days ago, this indicator was at the level of 15%. Of course, the easing of monetary policy is traditionally favorable for bitcoin dynamics. If the Fed reduces the rate so significantly, this situation will provoke a sharp rise in the value of the main digital coin.

Bitcoin is now trading near the $60,000 mark, having gained more than 10% over the past week. Over the past 24 hours, trading volumes reached $24 billion, which indicates the growing volatility of the crypto market.

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Jeremy Ellair has announced the relocation of Circle's headquarters to the US

Jeremy Allaire, CEO of Circle, issuer of the USDC's second largest steiblcoin by market capitalization, has announced the relocation of the company's headquarters to New York City.

Circle's Jeremy Allaire took social network X on a virtual tour of the company's new office in the central building of the World Trade Center complex in lower Manhattan's One World Trade Center.

“Today we are celebrating the opening of our new headquarters. Joining us in New York City are industry representatives, policymakers and key partners who have played a key role in Circle's growth and success. Join us at this stage of our journey. We are investing in New York. We are investing in America,” Ellair wrote.

The Circle CEO clarified that Circle's headquarters is not being built as a traditional office, but as a space to create a new online financial system and meetings for stakeholders to work together. The new office will be operational in early 2025.

Rumors that the holding company Circle Internet Financial intends to relocate from Ireland to the U.S., appeared back in May. The official reason for the change of jurisdiction was Circle's intention to hold an IPO in the United States, which the company notified the U.S. Securities and Exchange Commission (SEC) in January.

At that time, Circle clarified that the details of the number of shares and prices have not yet been determined, and the change of jurisdiction will coincide in time with the IPO, which depends on market conditions and the timing of SEC approval.

Earlier it became known that Circle received a license from the Electronic Money Institution (EMI) for operations with stablecoins, in accordance with the law on regulation of cryptocurrencies in the European Union (MiCA).

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Bets on the future president of the United States on Polymarket reached $1 billion

Decentralized prediction platform Polymarket has collected over $900 million as a bet on the candidate who will become the next president of the United States.

So far, the US Vice President and Democratic presidential candidate Kamala Harris is leading with a 50% probability of winning and a bet of over $127 million. Former President and Republican candidate Donald Trump is in second place with a winning odds of 49% and a bet of almost $144 million. Initially, Trump was the favorite among Polymarket users, but a few days ago, the balance has changed.

In addition to betting on the victory of the US presidential candidates, Polymarket platform users predict other things related to the election campaign. For example, the probability that Trump will say “cryptocurrency” during the debate with Kamala Harris, which took place on September 10 in Philadelphia.

Overall, the U.S. presidential election has contributed to Polymarket's explosive growth. August became the most active month in the history of the platform. In the last month of summer the number of users of the platform reached 63,620, the volume of bets exceeded $472.84 million.

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PolitiFi tokens collapse to seven-month low: what's next

Political Finance (PolitiFi) tokens, inspired by political figures, have lost significant value.

At the beginning of June, the sector had a market capitalization of around $1.25 billion. At the time of writing, it has collapsed 90% to just $154.9 million.

PolitiFi tokens have lost nearly 90% of their value in three months

Memcoins inspired by political figures caught the attention of investors in mid-2023. The sector saw impressive growth during the bitcoin bull market, fueled by excitement around spot ETFs. However, 50 days before the U.S. presidential election, things changed markedly.

The five most popular PolitiFi memcoins - MAGA (TRUMP), MAGA Hat (MAGA), Doland Tremp (TREMP), Jeo Boden (BODEN) and Kamala Horris (KAMA) - are now trading nearly 90% below their peak market capitalization.

The fall continues even though Kamala Harris, the likely Democratic nominee, has changed her stance on cryptocurrencies and Republican Donald Trump has long voiced support for the industry.

One possible reason for the falling prices of PolitiFi tokens could be the lack of new investors. To offset the current selling pressure, the market needs an influx of fresh liquidity. A possible catalyst for growth will be the long-awaited October rally, which is often referred to as “Uptober.”

The launch of Donald Trump's new crypto project World Liberty Financial (WLFI) could also have a positive impact on the sector's dynamics. Ahead of this event, investors and traders should keep an eye on Trump-related memcoins such as TRUMP, MAGA, TREMP and BODEN.

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Bitcoin-ETFs break records: $263 million in a day and is this just the beginning?

Friday, September 13, was a significant day for U.S. bitcoin-ETFs. For the first time since July 22, the funds recorded a record inflow of $263.2 million, despite the fact that market leader BlackRock decided to take a break and not participate in this race.

What caused such a stir among investors? Perhaps it's the fact that bitcoin is once again flirting with the $60,000 mark. Or maybe it's all about the anticipation of an interest rate cut by the U.S. Federal Reserve next Wednesday?

So who broke the bank?

While BlackRock is resting, other funds have decided to waste no time. Fidelity's FBTC and Ark & 21Shares' ARKB were the real stars of the show, raising $102.1 million and $99.3 million respectively.

Bitwise's BITB was not far behind with $43.1 million in inflows. Bitwise CEO Hunter Horsley couldn't contain his emotions and wrote in X: “I've never been more optimistic about the future of bitcoin and crypto. Glad to be a part of this community.”

Ethereum isn't slumbering either

While all eyes are on bitcoin, Ethereum has decided to keep up as well. After two days of outflows, ether ETFs managed to raise a modest but still positive $1.5 million on Friday.

Of course, Grayscale's ETHE tried to spoil the party by withdrawing $7.4 million, but Bitwise's ETHW and BlackRock's ETHA quickly remedied the situation by raising $5.2 million and $3.7 million, respectively.

What's next.

All eyes are now on next Wednesday's Fed meeting. Traders are betting on an interest rate cut, which hasn't changed in over a year. FedWatch predicts an equal probability of a 25 or 50 basis point cut.

It looks like the cryptocurrency market is starting to gain momentum again. Investors are clearly optimistic, but how justified their hopes are will show next week.

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Santiment: Bitcoin whales prepare for high volatility in the market -

Experts at analytics platform Santiment reported that large holders of the first cryptocurrency are preparing for high volatility in the market - the number of transactions of bitcoin whales fell by 33.6% by mid-August.

Since the beginning of last month, the number of transactions above $100,000 has held between 55,000 and 59,000 per week.

“Large key participants have chosen a new strategy - they prefer to wait to make their next move during periods of extreme greed or extreme fear,” Santiment noted.

Analysts predict that a rise in bitcoin's value to $70,000 will be accompanied by extreme greed, while a drop in BTC to $45,000 will trigger extreme fear.

According to the estimates of another analytical company Glassnode, now the most vulnerable group is short-term holders of cryptocurrency - they can provoke a collapse when selling assets.

Earlier, specialists of the company Matrixport published a forecast of changes in the price of the first cryptocurrency after the results of the presidential elections in the United States. According to experts, bitcoin will show growth regardless of the results of the vote.

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The U.S. will consider a bill to create a joint SEC and CFTC committee on cryptoassets

-- Congressman John Rose advocated the creation of a joint SEC and CFTC advisory board.
-- It is designed to bring the private sector and the authorities together.
-- It is expected to include representatives from crypto companies.

A member of the Committee on Financial Services of the U.S. House of Representatives John Rose introduced the BRIDGE bill. It aims to create a joint committee of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

The full title of the bill is Bridging Regulation and Innovation for Digital Global and Electronic Digital Assets. The congressman believes that the joint advisory committee will allow for cooperation between the private sector and authorities.

“The United States must ensure a future in which digital assets can thrive. The current heavy-handed approach of regulation through enforcement is not working and instead encourages investment in this key innovation overseas,” the politician said in an official statement on his website.

According to the bill, the committee will comprise 20 “non-governmental stakeholders” with a term of two years. It will meet at least twice a year. Among the members of the committee must necessarily include representatives of issuers and users of cryptoassets.

The issue of industry regulation by the SEC or CFTC depends on the classification of individual cryptocurrencies and derivative products. For example, bitcoin is a commodity and therefore under the jurisdiction of the CFTC.

The SEC, in turn, claims to oversee most altcoins. These include, for example, Solana, Polygon, Cardano and others. This appears in the regulator's lawsuits against cryptocompanies.

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Bitcoin-ETFs in the US received $39.02 million in capital inflows, Ethereum-ETFs recorded outflows of funds

-- Bitcoin and Ethereum-ETFs saw different dynamics on September 12.
-- Bitcoin-ETFs recorded $39.02 million in inflows.
-- Ethereum-ETFs lost $20.14 million.

On September 12, 2024, the U.S. spot bitcoin-ETF sector saw a net daily inflow of $39.02 million. Ethereum-based products saw an outflow of $20.14 million, according to SoSo Value.

Six bitcoin funds received inflows on Sept. 12, according to the platform, namely:

-- ARKB - $18.34 million;
-- FBTC - $11.47 million;
-- BTC - $5.18 million;
-- HODL - $4.95 million;
-- EZBC - $3.38 million.

Grayscale's GBTC product recorded an outflow of $6.51 million, while five other ETFs saw no movement of funds.

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USDC Circle issuer adds Arbitrum to Web3 platform

Circle Internet Financial, which manages the dollar-backed USD Coin (USDC) stablecoin, has integrated the Arbitrum layer 2 blockchain into its Web3 infrastructure platform, according to a Sept. 12 blog post.

The Web3 platform brings USDC-centric programmable wallets, smart contract tools and gas fee abstraction to Arbitrum, according to the blog post. With a total blockchain value (TVL) of about $2.5 billion, Arbitrum (ARB) is Ethereum's largest second tier, according to DefiLlama.

Nikhil Chandhok, Circle's chief product officer, said in a post on Platform X that the platform helps developers “create seamless wallets in applications that support USDC for global payments, e-commerce [and] gaming,” among other use cases.

Circle's Web3 toolkit is also integrated with blockchain networks including Avalanche, Ethereum, Polygon and Solana, according to the blog post.

The integration is Circle's latest attempt to accelerate the adoption of USDC as the stablecoin competes for market dominance with Tether (USDT). USDC's total market capitalization of about $35 billion lags far behind rival USDT, which is worth more than $118 billion, according to CoinMarketCap.

Stablecoin PayPal US (PYUSD), launching in 2023, has joined the competition. In August, its total market capitalization reached $1 billion.

In 2023, Circle made USDC natively available on Arbitrum, allowing apps to issue USDC directly on Layer 2 instead of having to connect USDC to other blockchains. It also integrated Arbitrum into its cross-chain transfer protocol, effectively allowing the free movement of USDC between blockchains by managing issuance and burn-in.

Arbitrum is a particularly important platform for Circle because of its status as the de facto hub for decentralized finance (DeFi) among Layer 2. According to DefiLlama, Arbitrum is home to nearly $4.7 billion worth of stablecoins used in applications ranging from lending to decentralized exchanges (DEX) and perpetual leveraged trading.

Arbitrum is also gaining traction in tokenized real-world assets (RWAs), which could become a market worth several trillion dollars in the coming years, an executive at rival blockchain network Polygon said in August.

On Aug. 27, Ondo Finance, an RWA protocol, announced it was expanding access to the Ondo US Dollar Yield Token (USDY) to Arbitrum. On August 8, asset manager Franklin Templeton announced the expansion of FOBXX for blockchain scalability.

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Toncoin (TON) is becoming more profitable

The picture around Toncoin (TON) continues to look bullish and promising. Now even more token holders have found themselves in the profit zone

Let's break down what's happening with Toncoin (TON) and what to expect from the cryptocurrency's price in the near future.

Toncoin is getting more profitable

The market sentiment towards Toncoin is becoming more and more positive. The price of the cryptocurrency is rising, and with it the share of TON tokens, which are now profitable for investors, is also increasing. The indicator reached a weekly high at 53%, and the number of TON in profit has increased to 6.13 million tokens. This means that most of the circulating supply of Toncoin is now worth more than the purchase price.

The rise began after Telegram founder Pavel Durov spoke out about the allegations against him for the first time since his arrest on September sixth.

Amid the change in profitability, the strategy of short-term holders of the cryptocurrency has also changed. According to IntoTheBlock, many addresses who bought Toncoin last month are now holding it against the urge to sell and lock in profits.

This investor behavior can be called another bullish signal. Apparently, TON holders believe in the token's potential and seek to capitalize on its future growth.

TON forecast: continued growth

At the time of writing this analysis, TON is trading at $5.54, having added 3.5% overnight. At the same time, the cryptocurrency has gained 16% over the past seven days.

The moving average convergence/divergence indicator (MACD) confirms the growth in demand for the altcoin. This indicator helps to track the trend direction and identify potential reversal points in the price of the cryptocurrency.

In the chart below, you can see that the MACD line (blue) is now above the signal line (orange) and moving towards zero. When the MACD line rises above the signal line, it is traditionally considered a bullish signal. Such a crossover means that the short-term momentum is becoming stronger than the long-term one. At the same time, a break above the zero line will be an additional confirmation that the rally will continue.

If the uptrend really continues, the next target of TON will be the resistance at $6.8. However, in case of active profit taking, the rally may slow down. Then Toncoin risks to slip to $4.46 under selling pressure.

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Why Shiba Inu (SHIB) will not grow in 2024

The altcoin segment is still in a slump, which has not bypassed the popular memcoin Shiba Inu (SHIB). This year, we may not see the cryptocurrency grow anymore

Let's find out what exactly is preventing Shiba Inu (SHIB) from starting a rally and whether the memcoin has a chance to rise to $0.000025.

Shiba Inu vs FUD

In a fresh report, Santiment Chief Analyst Brian Quinlivan noted that Shiba Inu is unlikely to grow significantly while the rest of the altcoins are in decline. He also emphasized that bitcoin (BTC) has the potential to affect memcoin's future performance.

“Average 30-day trading profits are down just -1.1%, while long-term returns have fallen by as much as -31.7%. This puts the 13th-ranked memcoin in a potentially very favorable position once bitcoin stabilizes and altcoins start to thrive again,” the analyst said.

Meanwhile, onchain data has signaled that SHIB's level of social dominance has been falling since as early as May. This metric measures how much a particular cryptocurrency is talked about on social media. A decline in social dominance means that fear, uncertainty and doubt (FUD) is beginning to dominate sentiment on the asset.

Another sign of FUD is the distribution of tokens between retail and large investors. According to Santiment, SHIB owners who hold between 100 million and 1 million tokens in their accounts are hoarding coins.

At the same time, those who hold between 100 million and 1 billion tokens have recently reduced their positions significantly. This distinction between large and retail investors underscores the uncertain mood in the market.

Unless whales start accumulating Shiba Inu, memcoin's upside potential will be significantly limited this year.

SHIB outlook: repeat past success

At the time of writing this analysis, SHIB is trading at $0.000013, up 2% over the past 24 hours. That said, the weekly chart shows that memcoin seems to be repeating the pattern of April 2022. Back then, the cryptocurrency struggled to rise to $0.000027 after a sharp drop.

Now, the Shiba Inu Relative Strength Index (RSI) indicates that the momentum is weakening. This may suggest that the bulls' strength is not enough to support the cryptocurrency.

In addition, at levels near $0.000018, SHIB risks meeting serious resistance. Such an obstacle may prevent the token from growing to $0.000025 during the current year.

In the near term, SHIB's price could fall below $0.000010. Although it may meet the end of 2024 at higher levels, reaching $0.000025 still looks very unlikely in the current market conditions.

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Bitcoin rate approached $60,000

At about 18:00 (Kiev/IOC), the first cryptocurrency showed rapid growth, approaching $60,000. Over the day, the asset went up by 3.2%.

At the time of writing bitcoin is trading around $59,600 with a capitalization of $1.17 trillion. The indicators have returned to the marks of late August.

Other assets from the top 10 by capitalization have also entered the green zone. Ethereum grew by 3.3%, breaking $2400.

According to Coinglass, over the past 24 hours, the volume of liquidations reached $109.5 million. Most of them ($87 million) came from short positions.

TON added 6.2% and returned to the top 10 largest crypto assets. DOGE grew by 6.4%.

The positive dynamics of bitcoin coincided with the growth in the stock market. Since the opening of today's session, the S&P 500 index has increased by 0.47%.

Recall, economist Steve Hanke allowed “selling on the news” after the meeting of the US Federal Reserve. In his opinion, a potential rate cut of 25 bps has already been taken into account by the market.

In Standard Chartered concluded that bitcoin is able to renew the record by the end of the year, regardless of the results of the American presidential election.

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Long-awaited debut: SEC approved the launch of spot Ethereum-ETFs

Spot Ethereum-ETFs will begin trading on July 23 on U.S. stock exchanges. The Securities and Exchange Commission (SEC) has given final approval for the launch of these innovative financial products, opening a new chapter in the history of cryptocurrency investments.

The approved applicants include giants of the financial world such as BlackRock, Fidelity and Grayscale. Experts predict that the emergence of these ETFs will attract billions of dollars to the Ethereum ecosystem.

The spot Ethereum-ETFs will be traded on leading U.S. exchanges including Nasdaq, New York Stock Exchange and Chicago Board Options Exchange. This SEC decision comes two months after the approval of 19b-4 filings authorizing the listing and trading of spot Ethereum-ETFs on the respective exchanges.

Most issuers have set base fees ranging from 0.15% to 0.25%. Some companies, including Fidelity, 21Shares, Bitwise, Franklin and VanEck, have offered temporary fee waivers until certain net asset targets are reached.

Industry analysts expect that spot Ethereum-ETFs will only be able to attract 25% of the volumes that spot bitcoin-ETFs saw in the first six months after their launch.

Interestingly, the approval of the Ethereum-ETF coincided with an important political event - the withdrawal of US President Joe Biden from the 2024 election. Josh Gilbert, market analyst at eToro, characterized the decision as a “win for cryptoassets,” noting, “The longer we see Trump leading in election predictions, the more cryptoassets will factor his potential victory into their price.”

The launch of the spot Ethereum-ETF marks a new stage in the development of the cryptocurrency market. The move should be a catalyst for further integration of digital assets into the traditional financial system.

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