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Whale Alerts shared that XRP worth more than $18 million was deposited onto the Bithumb exchange earlier today. At press time, XRP’s price was still in the green after it increased by 1.57% in the past 24 hours. XRP’s price was able to break above a symmetrical triangle pattern that had formed on its daily chart. The whale tracking platform, Whale Alerts revealed in an X post that a huge amount of XRP was deposited to an exchange earlier today. According to the post, a whale transferred 36,370,840 XRP from an unknown wallet to Bithumb. The transferred XRP was worth approximately $18,775,470. 36,370,840 #XRP (18,775,470 USD) transferred from unknown wallet to #Bithumbhttps://t.co/Ws9B5zi1ZI — Whale Alert (@whale_alert) September 30, 2023 So far, it does not seem like the whale has made any moves to rid himself of his XRP holdings as the remittance token’s price was still in the green at press time. Data from CoinMarketCap indicated that XRP’s price was ...

Meta CEO Mark Zuckerberg gave his first interview in the metaverse using high-quality Codec Avatars. Meta’s virtual reality (VR) appears to be evolving rapidly as in a recent interview with Lex Fridman, a computer scientist and podcaster, Meta CEO, Mark Zuckerberg, demonstrated photorealistic possibilities of Codec Avatars, a research project which Meta has been developing since 2019. During the interview, Friedman and Zuckerberg were using Meta Quest Pro VR headsets to communicate with each other in a virtual space, where they both had photorealistic 3D avatar s of themselves. Codec Avatars is powered by neural networks, which generate a 3D model, using over 170 cameras. Zuckerberg is conducting an interview in the metaverse with a 3D avatar | Source: YouTube This means that a user still needs to undergo the digitization process also known as photogrammetry, where information about physical objects captured through the process of recording, measuring and interpre...

Shiba Inu [SHIB] is preparing for what could potentially be its most significant month yet, drawing from historical patterns. This asset has demonstrated a remarkable tendency for rapid expansion during October, similar to Bitcoin [BTC]. This is certainly surprising, as it often defies conventional market trends. As “Uptober” arrives, holders of SHIB are eagerly anticipating the possibility of the token replicating or surpassing its astonishing 833% surge observed in the previous year. At press time, SHIB continues to linger around the $0.00000738 range with a 1.9% daily surge. Source However, the substantial price drop that the asset underwent has created an appealing opportunity. This is particularly true for investors who seek to accumulate SHIB tokens during this correction phase. It enables them to acquire millions of tokens for their portfolios at a fraction of the usual cost, often requiring an investment of less than $10. At the current market rate of $0.00000738...

CoinShares, a provider of crypto exchange-traded products in Europe, is optimistic about spot Bitcoin ETFs in the United States. European crypto currency investment firm CoinShares is optimistic about crypto currency regulation in the United States as the firm enters the new market. On Sept. 22, CoinShares officially announced the launch of its new division, CoinShares Hedge Fund Solutions, marking the first time the firm introduce its offerings to qualified U.S. investors. CoinShares’ entrance into the U.S. market comes at a time when many U.S. crypto firms are looking at expanding their businesses outside the country due to regulatory hurdles at home. One such firm, cryptocurrency exchange Coinbase, has been actively pushing expansion in Europe and the United Kingdom amid facing a lawsuit from the U.S. Securities and Exchange Commission over an alleged violation of securities laws. Many crypto industry observers and participants have claimed that the U.S. government's approach ...

Earlier today, Lookonchain shared that a whale spent 390 ETH to buy PEPE tokens. This likely contributed to PEPE’s more than 9% price surge over the past day of trading. The surge in the meme coin’s price enabled it to overcome the key $0.0000007520 resistance level, where it was still trading at press time. A whale has made it a priority to buy trillions of Pepe (PEPE) since August of this year. According to an X post shared this morning by the on-chain analytics platform, Lookonchain, a notorious whale bought 1.04 trillion PEPE last month.  In the past day of trading, PEPE reached a 24 hour low price of about $0.0000007105. Lookonchain’s data indicated that the whale might have taken advantage of the meme coin’s discounted price, and spent 390 Ethereum (ETH) to buy PEPE again a few hours ago. This guy who made $2.34M (38,860x) on $PEPE spent 390 $ETH ($645K) to buy $PEPE again 6 hours ago. And this guy also spent 550 $ETH ($951K) to buy 1.04T $PEPE on ...

The United States Securities and Exchange Commission (SEC) has opted to extend its evaluation period for the approval or disapproval of spot Ether exchange-traded fund (ETF) applications from ARK 21Shares and VanEck. This decision was announced on September 26th. In two separate notices filed on September 27th, the SEC articulated its intention to allocate additional time to deliberate upon a proposed rule modification. This modification pertains to permitting the listing of spot ETH ETFs from VanEck and ARK 21 Shares on the Cboe BZX Exchange. Notably, there have been no public comments received regarding these proposals. Consequently, the SEC has extend ed the deadlines for a further review or verdict until December 25th and December 26th, respectively. “The Commission deems it prudent to establish an extended timeframe for the consideration of the proposed rule change and the issues it raises,” affirmed the SEC. This postponement coincided with the submission of a pr...

From Teslas and human heat to vintage tech and repurposed waste, delve into the most unusual crypto mining methods. Since its inception, cryptocurrency mining has been primarily characterized by powerful computer rigs solving complex algorithms to earn digital coins. However, as the world of cryptocurrencies has grown, so has the innovation and methods surrounding its mining techniques.  To maximize returns and minimize costs, many people have looked for alternative methods that differ from traditional approaches. The result is an array of unconventional and sometimes surprising strategies to mine these digital assets.  Mining crypto with a Tesla When one thinks of a Tesla Model 3, images of cutting-edge technology and smooth rides may come to mind. But for Siraj Raval, this vehicle presented a unique opportunity not just for transport but for crypto currency mining.  Going beyond traditional methods, Raval’s approach to mining has been nothing short of audacious. Using...

Bitcoin miners may see “severe” economic consequences from BTC price action staying below $30,000 after the 2024 halving, Glassnode warns. Bitcoin (BTC) Ordinals are boosting miner profits, but “income stress” is looming, new research warns. In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode predicted fresh problems for miners after Bitcoin’s next block subsidy halving . Bitcoin halving impact on miners could be “severe” Bitcoin miner competition is exploding, with hash rate — the estimated combined processing power deployed to the blockchain — at record highs. For Glassnode, this indicates unprecedented conditions for miners trying to eke out a living at current BTC price levels. Ordinal inscriptions are helping, with these acting as “packing-filler” which turns empty blockspace into a source of revenue for miners. “Naturally, as blockspace demand increases, miner revenues will be positively affected,” it wrote. Bitcoin Mean Hash Rate (7-day...

US Congress man Matt Gaetz is introducing a new bill to stop sending taxpayer money to fund Ukraine. The country has sent more than $70 billion to the country to aid its fight against a Russian invasion. However, with a government shutdown looming and debates over handling debt, Gaetz feels that taxpayer money should no longer go toward the country. My amendment to the DOD appropriations bill would ensure that no more American taxpayer dollars are sent to Ukraine. Here’s why: pic.twitter.com/Jt8MkQBpiy — Rep. Matt Gaetz (@RepMattGaetz) September 27, 2023 The Florida congressman took to X today to discuss his proposed amendment to the DOD appropriations bill. In it, the US would cease sending taxpayer money to Ukraine. “Our nation sits atop a $33 trillion dollar debt, and we are facing $2 trillion dollar annual deficits.” Gaetz adds that the funding to Ukraine isn’t assisting Ukraine in the war, in fact, “the massacres, the killing, and the death...

Marathon Digital Holdings (MARA), a publicly traded crypto mining company, reportedly mined an invalid block on Bitcoin, according to developers, miners and researchers The invalid block was at height 809478, with anonymous Bitcoin developer “0xB10C” writing on ooX that MaraPool — Marathon’s mining pool — had a “transaction ordering issue.” It seems like MARAPool had a transaction ordering issue. 66dfefcdc3eeec2745c11f511f6068d62f34c34c767ba0feed47f63f01ccc2d8 is the 6th tx in the in valid block . It spends from 7d18f0eefce0497b5d0c9b61fdf816b7744587c7e5e57acc53de71d1dae59725, which is the 1454th tx in the block . https://t.co/P3txhKqVS0 — 0xB10C (@0xB10C) September 27, 2023 This was confirmed by Casa CTO Jameson Lopp, who said that data gathered from all nine of his nodes shows that the block contained a transaction that incorrectly spent an output before it was created, thus invalidating the block. Confirmed on my nodes. https://t.co/NIrNMG...

The U.S. Securities and Exchange Commission (SEC) has extended the deadline for ARK 21Shares’ spot Bitcoin (BTC) ETF to January 2024. This extension underscores the SEC’s unchanged stance on crypto exchange-traded funds (ETFs). In a filing on Tuesday, Sept. 26, the SEC said that it finds it “appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change.” The watchdog noted it still has an additional 60 days to consider the listing, however, the final deadline is still set for Jan. 10, 2024. You might also like: SEC’s Gensler avoids Bitcoin ETF question in latest Senate hearing The SEC delayed its decision on ARK 21Shares Bitcoin ETF even though U.S. lawmakers urged the agency to approve an exchange-traded crypto product (crypto ETP) as soon as possible. On Tuesday, Sept. 26, a group of Republican and Democratic lawmakers u...

Bitcoin Cash has formed a symmetrical triangle pattern. The two lines are nearing their confluence levels. The Federal Reserve is the biggest risk in the market. Bitcoin Cash price has held quite well in the past few weeks even as a sense of fear spreads in the market. The BCH coin was trading at $214.50 on Tuesday, higher than this month’s low of $180. Crypto risks remain Bitcoin Cash price has done relatively well in the past few weeks. This performance was notable since it happened at a time when global stocks were in a freefall. The Nasdaq 100 index has dropped by more than 7% from its highest level this year. Bonds have also been in a steep sell-off, which has pushed their yields to the highest level in years. The 2-year yield has jumped to 5% while the 10-year and 30-year have jumped to their highest level in more than a decade. Bitcoin Cash price has likely done well because of the performance of  Bitcoin . The BTC coin has remai...

Apart from local exchanges like Maicoin, major global crypto trading firms like Binance, ByBit and Kraken have also been serving customers in Taiwan. Taiwan’s Financial Supervisory Commission (FSC) is moving to improve protections for cryptocurrency investors by introducing new rules. The FSC has formulated the key points of regulating the crypto currency market in Taiwan, releasing on Sept. 26 a set of industry guidelines for virtual asset service providers (VASP) operating in the country. In the guidelines, the authority mentioned some common industry-wide rules like separating exchange’s treasury assets from customer assets as well as reviewing mechanisms for listing and delisting virtual assets. The FSC also required foreign VASPs to refrain from providing its services in Taiwan without holding necessary approvals from the regulator. The FSC stated: “Overseas virtual asset platform operators are not allowed to provide business within the territory of the country [...] unless they...

Axie Infinity (AXS) and Ethereum (ETH) are struggling, while Pomerdoge (POMD) is firm in the ongoing presale. Summary Concerns raised by PNP ACG about Axie Infinity’s high costs and potential risks in the play-to-earn model. Ethereum transaction fees drop due to layer-2 scaling solutions and proof-of-stake transition. Pomerdoge offers a new P2E approach, integrating meme coin trends. Axie Infinity challenges The Filipino Anti-Cybercrime Group (PNP ACG) has warned about the risks of playing Axie Infinity, where players must purchase at least 3 Axie characters, which can cost up to $300 each.  You might also like: Axie Infinity’s native token skyrockets while users drop to 26-month lows The PNP ACG is concerned that the game’s P2E model may be exploitative and could force players to spend money on the game to earn rewards. Additionally, hacking and fraud have seen players lose digital assets. AXS is down by 1.32% in the past week. In the last 24 hours, the ...

In a decisive move that solidifies MicroStrategy’s unwavering commitment to Bitcoin, the software company, under the leadership of CEO Michael Saylor, recently expanded its cryptocurrency portfolio by purchasing an additional 5,445 Bitcoins for a substantial sum of $147.3 million. This acquisition, executed on September 24, 2023, exemplifies MicroStrategy’s position as one of the most prominent institutional investors in the digital currency realm. The average price per Bitcoin in this transaction was approximately $27,053, adding to the company’s already substantial Bitcoin holdings. MicroStrategy has acquired an additional 5,445 BTC for ~$147.3 million at an average price of $27,053 per #bitcoin. As of 9/24/23 @MicroStrategy hodls 158,245 $BTC acquired for ~$4.68 billion at an average price of $29,582 per bitcoin. $MSTR https://t.co/GbJtUoQfXv — Michael Saylor️ (@saylor) September 25, 2023 MicroStrategy’s journey into the realm of cry...

As the SEC delays the decision on Bitcoin ETFs, the BTC price takes a hit. However, automated trading tools can provide new trading opportunities in these uncertain times. The SEC’s hesitation to approve the first Bitcoin ETF is putting pressure on the Bitcoin price, which is painful for crypto holders. Thanks to TradeSanta’s automated trading tools connected to spot and futures trading platforms, traders can reduce risks and take advantage of downturns. Bitcoin had some attempts earlier this year to consolidate above the $30,000 mark, but it failed to do so. By the end of the year, the cryptocurrency may continue to trade below this psychological level, and one of the reasons behind the constant bearish pressure is the Securities and Exchange Commission’s (SEC) prolonged hesitation to approve a spot Bitcoin exchange-traded fund (ETF). The SEC has postponed its decision on Bitcoin (BTC) ETFs, impacting numerous applicants, including BlackRock, a key player that encouraged other instit...

Author：0xMingyue Editor：Colin Wu 1. Hong Kong’s Weekly Summary 1.1 Hong Kong SFC: JPEX Listed on Unlicensed Firms and Suspicious Websites List Since July Last Year link On September 19th, the Hong Kong Securities and Futures Commission (SFC) stated that on July 8, 2022, they had already included the JPEX platform on their list of unlicensed companies and suspicious websites. Despite continuous warnings to the public not to use unregulated platforms, JPEX not only persisted but also escalated its promotion efforts. They continued to use various media, social platforms, and Key Opinion Leaders (KOLs) for promotion, emphasizing low risk and high returns, all while operating illegal over-the-counter (OTC) trading. The Hong Kong police reported that they have frozen bank accounts with HKD 15 million and properties worth HKD 44 million. Most victims are inexperienced crypto currency investors who fell prey to the lure of “investment authorities” and were impulsive in their investments. The S...