Crypto News 09/09: Bitcoin is still around $ 46,000 with news from Ethereum, Ripple, Cardano, Robinhood, Balancer, NFT, ISW, Crypto Gaming, Solana
Perceived that Bitcoin is unlikely to decline any further, whales are increasingly turning to dip-buying. Here are some highlights from the crypto market.
Data from Cointelegraph Markets Pro and TradingView show that BTC / USD is still around $ 46,000 on Thursday.
Extreme volatility erupted on Tuesday as a series of sell-offs resulted in massive losses of up to $ 9,000 daily for Bitcoin.
While the $ 42,800 low does not need to be retested yet, popular trader Crypto Ed said it will be difficult for the market to continue falling.
#BTC To update
Looks like a bullish pennant to me … Impulsive upswing followed by consolidation.
Chill out and wait for the outbreak.
Wrong if it breaks. pic.twitter.com/KIVdF3tyMT
– Crypto_Ed_NL (@Crypto_Ed_NL) September 9, 2021
With expectations turned upwards, trader and analyst Rekt Capital views Bitcoin’s 50-day EMA as a potentially transformative threshold for the current market.
“This is the first time BTC has retested the 50-day blue EMA as support after being retested in late July,” he noted.
This is the first time #BTC retests the 50-day blue EMA as support after being reclaimed as support in late July
– Rekt Capital (@rektcapital) September 8, 2021
Santiment says Ethereum is rebounding, creating a slight upward momentum towards the $ 3,537 region.
According to the analytics firm, the top 10 whale addresses have skyrocketed in the past 15 weeks and now own 21.38% of the total ETH on the market. This is the highest amount they have held in the past 51 months.
???? #Ether loads back and makes a modest rebound to $ 3,537 so far. The top 10 largest whale addresses have skyrocketed in the last 15 weeks and now own 21.38% of all addresses $ ETH, the largest amount of them in 51 months. https://t.co/mrCWUv4rKU pic.twitter.com/3UQEccqfH4
– Santiment (@santimentfeed) September 8, 2021
According to the latest update from attorney James K. Filan, who is closely following the lawsuit between Ripple and the SEC, the SEC has filed a petition against the petition, forcing it to respond to interrogations related to the trial. Howey’s test applies to most of the Defendant’s XRP transactions for the past 8 years.
In addition, the SEC declined to provide further feedback on the Ripple dispute to the interrogation authorities.
#XRPCommunity #SECGov V. #Wave #XRP The SEC has filed an objection to the motion to compel them to respond to interrogations demonstrating their theory of applying the Howey’s test to virtually all of the defendants’ XRP transactions over the past 8 years.https://t.co/c758L9MoCJ
– James K. Filan ???????????????? (@FilanLaw) September 8, 2021
Binance, the largest digital asset exchange by trading volume, notification that they will support Cardano’s upcoming Alonzo upgrade.
The ADA holder will temporarily not be able to deposit or withdraw cryptocurrencies from September 13 at 04:14 a.m. (UTC). However, the transaction is not affected by the hard fork.
Cardano’s most significant upgrade to date, which will allow smart contracts to be launched on the proof-of-stake blockchain, will officially take place in the next few days.
The Robinhood trading platform has implementation new recurring crypto investment feature for users who want to convert Average Cost (DCA) into their favorite coin. With DOGE accounting for 62% of the exchange’s sales, this move could attract a steady stream of buyers for the Memecoin.
The company announced the launch of the new feature on September 8, and users can set up recurring investments in multiple crypto assets with daily, weekly, bi-weekly, or monthly schedules.
The minimum purchase amount is $ 1. The company is promoting the feature as an easy way to bring DCA to the crypto market with no fees.
On Wednesday, the liquidity platform Balancer Protocol announced a partnership with Wallstreetbets DeFi project Wsbdapp.
– Balancer Labs (@BalancerLabs) September 8, 2021
Balancer Protocol is a liquidity provider and DEX that operates on the Ethereum blockchain. According to Wednesday’s data, Balancer Protocol is the seventh largest DEX application using Ethereum, with a trading volume of $ 471 million last week.
The announcement by Balancer and Wsbdapp shows that two projects are planning to run Wsbdapp’s ETP on Balancer V2.
Solana replaced Ripple (XRP) this morning and became the sixth largest cryptocurrency by market capitalization. That feat brought its market cap over the $ 60 billion mark.
SOL price hit a high of $ 214 this morning before a brief correction took place. However, the price only fell to the $ 201 region and was quickly repurchased by investors. SOL is currently trading at around $ 205, nearly 1,000% more than at the beginning of the year.
Market capitalization | Source: Coinmarketcap
FTX CEO Sam Bankman-Fried (Curly Sam) recently drew a picture of NFT and auctioned it on its exchange at the FTX opening to allow users to create and sell NFT on the exchange.
The NFT photo of Curly Sam is really inconspicuous, if not too ugly, it has neither substantive nor artistic value, but is still bought by one person for up to 270,000 USD.
The photo is in NFT format with the word “Test” on a white background, written by Sam Curly.
– FTX – Built by dealers for dealers (@FTX_Official) September 7, 2021
Crypto gaming news
Crypto Gaming United, a startup aiming to build a global community of NFT players, has raised $ 5 million in a seed investment round.
follow notification On September 8th, this investment round was led by well-known Australian venture capitalist Mark Carnegie and Chrono.tech CEO Sergei Sergienko. The couple co-founded the crypto-focused wealth management company MHC Digital Finance.
Australian investment managers such as Shaw and Partners and Blockchain Assets also took part in the round.
Chinese hardware mining giant Bitmain is set to bring its newest 56,000 Antminers to the southeastern US state of Georgia agree Tripartite between Nevada-based tech company ISW Holdings, crypto-mining data center Bit5ive, and Bitmain.
According to ISW, the total cost of hardware implementation will be around $ 62 million and should generate monthly revenue of $ 10 million at full capacity.
When fully operational in October 2022, the new miners will consume up to 200 megawatts of electricity in a BlockQuarry facility called “POD-CITY” in Georgia.
Investors increase dip purchases.
As is often the case with market-wide pullbacks, the crowds rallied to buy the dip.
According to Santiment, calls to buy with the hashtags #buy, #buying or #bought have risen to the level last seen in May, and altcoins in particular are currently recovering quite well.
As usual with market-wide slumps, the trading crowd rallied #buythedip. Calls related to #Buy, #Purchase, or #bought to the level last recorded in May. #Altcoins, in particular, are currently recovering quite healthily. https://t.co/2j5WcWu7bS pic.twitter.com/ZFwarB0dK3
– Santiment (@santimentfeed) September 8, 2021
Afterpay will likely use crypto services.
The Australian giant Afterpay, now part of Jack Dorsey’s Square, called They will likely operate crypto services once a clear regulatory framework is in place.
Afterpay had previously submitted a motion to the Senate that highlighted how merchants with cryptocurrencies can reduce payment costs.
Afterpay’s vice president of public order and communications Damian Kassabgi said the idea is to transfer money from one person to another or with a seller without going through traditional service companies can bring many benefits to the economy.
The Canadian Bitcoin mining company is publicly traded on the stock exchange with the ticker SATO.
Becomes a Canada-based Bitcoin mining company transaction went public this week on the TSX Venture Exchange in Toronto under the symbol “SATO” as a tribute to Bitcoin founder Satoshi Nakamoto.
Canada Computational Unlimited (CCU.ai) is an environmentally friendly Bitcoin mining company. The company recently received support from the blockchain mutual fund True Global Ventures 4Plus.
TGV 4Plus has just raised $ 100 million in investment capital prior to working with CCU.ai.
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