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Crypto Market Rebounds Despite SEC’s XRP Appeal as Crypto All-Stars ICO Continues to Grow

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The crypto market has bounced back – even with the SEC throwing a curveball in the Ripple lawsuit.

Meanwhile, the new Crypto All-Stars (STARS) project continues to gain traction in its ICO thanks to its unique take on meme coin staking.

SEC vs. Ripple – Round Two Could Shake Up Crypto Regulation

The SEC is stirring things up again with the Ripple lawsuit.

This move comes after judge Analisa Torres said Ripple was in the wrong for selling XRP to institutions, but didn’t break any rules by selling to everyday investors on exchanges.

It seems that the SEC disagreed with that ruling and is now taking the case to a higher court.

This is a huge deal because it could change how crypto is regulated in the U.S.

If the SEC wins their appeal, it could impact how cryptocurrencies are bought and sold.

XRP’s price even dropped 13% when the news broke.

But Ripple isn’t going down without a fight.

Ripple’s legal team seems prepared for this appeal, and its CEO is calling out the SEC for not considering investors’ best interests.

Ultimately, this whole situation could take years to resolve.

And the outcome could have a massive impact on the future of crypto.

Market Shakes Off SEC Drama as Bitcoin Bounces Back

Looks like the crypto market isn’t too worried about the SEC’s latest move.

In fact, things are green across the board.

Bitcoin and Ethereum are both up 2%, while Dogecoin has jumped 6%.

However, it’s Aptos that’s stealing the show, surging 12% in the past 24 hours.

The total value of the crypto market has climbed back to $2.13 trillion, which is a 2% increase in the past day.

Spot trading volumes are also strong at $77 billion.

This all contrasts with the enormous sell-off from Monday to Thursday this week.

Bitcoin bouncing off of support at $60,000 seems to have given investors a confidence boost.

Quinn Thompson, one of the investors at Lekker Capital, even sees this as a prime buying opportunity.

He says that things are different this time, and grabbing some Bitcoin at current prices is a “no-brainer.”

However, the Crypto Fear & Greed Index is still in Fear territory.

As such, many investors are still sitting on the sidelines, waiting for clearer signals before making their next move.

Crypto All-Stars’ MemeVault Feature Offers Passive Rewards for Meme Coin Stakers

While investors are busy debating the whole SEC situation, new projects like Crypto All-Stars continue to impress.

The STARS ICO is gaining traction – closing in on the $2 million mark.

That’s impressive considering the market is still a bit shaky, and shows investors are hungry for new ideas.

So, why is everyone so excited about Crypto All-Stars?

It’s mainly because of their “MemeVault,” a platform that’s causing a stir in the meme coin space.

Imagine you have a bunch of different meme coins, like DOGE, PEPE, and FLOKI, just sitting in your crypto wallet.

Instead of letting them sit there, you can stake them in the MemeVault.

And the best part is that you earn STARS tokens as rewards, which you can hold or trade on the open market after the ICO ends.

The exact yield will change over time, but the idea is simple: combine all those different meme coins under one reward system.

This setup could be revolutionary.

And the crypto community seems to think so, with thousands of people now active in Crypto All-Stars’ Telegram group.

The official STARS Twitter page also boasts over 14,000 followers.

However, the MemeVault is still in development, and investors can only grab STARS tokens through the ongoing ICO.

These tokens are currently priced at $0.0014769 each.

That price will rise over time – so the earliest investors receive the lowest entry point, assuming an increase once the token launches.

Visit Crypto All-Stars ICO

Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

Readers are also advised to read CryptoPotato’s full disclaimer.

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Cryptocurrency

$200K Bitcoin (BTC) This Year? On-Chain Metrics Make a Strong Case

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Bitcoin has entered a technical correction phase after reaching an all-time high of $123,400 on July 14. The crypto asset is down by almost 7% as it currently trades near $114,000. The drop is attributed to macroeconomic pressures such as inflation and tariffs, bearish technical signals, and liquidation events.

Data suggests that Q4 historically benefits Bitcoin, and after a strong July, bulls are hopeful for another breakout.

Bitcoin’s Technical Dip

CryptoQuant views the decline as primarily technical and said that the market is still in a broader price discovery cycle. This cycle, which reflects market attempts to determine Bitcoin’s fair value through supply and demand, could push the price toward the $200,000 level by the end of Q4 2025.

BTC has traditionally seen strong performance in Q4, and current market conditions could help continue that seasonal pattern. Binance’s on-chain data reveals large stablecoin reserves. This points to a considerable amount of sidelined capital that could soon flow back into the market, potentially boosting Bitcoin and prominent altcoins like BNB. This, in turn, may set the stage for a potential altseason.

The current reflexive relationship between Bitcoin and emerging treasury investors could aid its price discovery in Q4. But whether altcoins will follow suit remains uncertain amid growing market crowding. Nonetheless, institutional interest may further boost Bitcoin’s upward trajectory in the coming months.

Adding to this narrative, Glassnode noted that Bitcoin’s $109K-$116K range is steadily filling during price dips, which reflects continued investor interest. The consistent staircase-like pattern suggests steady accumulation. Additionally, minimal selling between $118K-$120K means that investors in this range are largely holding, which indicates confidence in long-term price appreciation.

Big Bets On Year-End Rally

Several market watchers remain optimistic about a strong year-end comeback despite the current pullback. TeraHash, for one, recently predicted a price range of $130K-$150K by December, citing ETF inflows, potential Fed rate cuts, and upcoming regulatory clarity from the SEC and MiCA framework. Important catalysts include continued ETF inflows, Fed policy easing in September, and full implementation of Europe’s MiCA framework.

Meanwhile, on-chain data shows surging mining difficulty and geographic expansion, while Hashrate-as-a-Service models attract institutions seeking exposure with less risk.

Bullish projections also came from Fundstrat’s Tom Lee and American venture capital investor Tim Draper, who forecast $250K by year-end. Even more aggressive predictions from Charles Schwab and Mike Novogratz place Bitcoin at $1 million by the end of 2025.

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Important Binance Announcement: Here’s Why Some Services Will be Suspended This Week

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TL;DR

  • Binance will halt USDC withdrawals on certain networks for approximately two hours.
  • Over the past several days, the exchange introduced new features, including Discount Buy and Binance Wallet (Web).

Attention, Binance Users

The world’s largest crypto exchange will perform wallet maintenance for USDC withdrawals via Ethereum (ETH), Polygon (POL), Arbitrum (ARB), Base (BASE), and Optimism (OP) networks on August 6. To support the process, USDC withdrawals through the networks above will be halted on that day. The maintenance is expected to be concluded in two hours, and after that, all services will be resumed

Binance assured that the trading of tokens on the depicted networks will not be impacted and promised to handle all technical requirements involved for the users. It also said there will be no further announcements on the matter.

The company regularly conducts such operations to enhance the overall user experience and ensure the seamless operation of its services. Last week, it paused all deposits and withdrawals due to a live upgrade on its wallet network infrastructure.

Over the past several months, it briefly suspended services on the TRON, Cardano, and other networks because of similar efforts. 

Binance’s Latest Features

The company frequently introduces new products to address ongoing market trends and provide additional services to its users. Just a few days ago, it unveiled Discount Buya feature which allows clients to make advanced crypto purchases in markets with lower volatility. 

Included in Binance’s Earn portfolio, this product lets users lock in future buys at pre-set prices under market value, or collect a fixed APR if the trade isn’t carried out. 

“Discount Buy is well-suited for users who anticipate limited price fluctuations and want to accumulate crypto at a discount without needing to time the market or monitor prices closely. It offers flexibility across investment scenarios, giving users more choices and opportunities in how they want to participate in the crypto market,” said Jeff Li, VP of Product at Binance.

Earlier this week, the exchange introduced Binance Wallet (Web), which allows users to “trade smart, fast, and securely, all without leaving their desktops.” A key feature of the offering is Secure Auto Sign (SAS) – a new signing method that enables customers to approve transactions once and trade seamlessly for up to seven days, without repeated confirmations. 

The product is specifically designed for those who want to discover new meme coins, follow on-chain activities in real time, explore transaction history and token balances in one place, and access Alpha tokens.

Binance Wallet (Web) was introduced to address desktop-specific needs. It offers more screen space, modular layouts, and faster multitasking for on-chain users who trade actively or monitor multiple signals.

While the mobile app excels in portability, Binance Wallet (Web) enables plugin-free, browser-native trading with floating widgets and real-time data panels, all on a single page. It is ideal for meme coin discovery, wallet tracking, and strategy execution without tab switching,” the disclosure reads.

Currently, the feature supports BNB Smart Chain and Solana. Clients of the exchange can instantly connect their account to Binance Wallet (Web) via QR code, with no additional setup required.

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ETH Open Interest Sees Dramatic Rise – 3.5x Higher Than 2021 Bull Run Levels

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Ethereum’s Open Interest (OI) on Binance has surged to a record $8.7 billion, which indicates a significant increase in speculative positioning on the platform.

This represents a dramatic rise compared to the 2021 bull market, when ETH traded at similar price levels but OI on Binance peaked at only $2.5 billion.

Ethereum’s Market Is Heating Up

In its latest analysis, CryptoQuant revealed that the current figure, nearly 3.5 times higher, highlighted the growing appetite for leveraged exposure in Ethereum’s market. Despite this surge in OI, funding rates, interestingly, remain neutral, indicating that traders are not yet heavily biased toward long or short positions.

The lack of directional conviction hints at room for further buildup in positions without triggering immediate liquidation pressures. The increase in OI, paired with neutral funding, paints a picture of cautious but growing speculative interest.

With the broader crypto market trending upward, these conditions may support a steady rally in the leading altcoin’s price, potentially accompanied by increased volatility.

CryptoQuant said that the current setup is a constructive signal, and added that Ethereum has a high chance of continuing its bullish trajectory. The quiet accumulation of leveraged positions on Binance, absent extreme sentiment, may be laying the groundwork for the next phase of price expansion. As traders position themselves, Ethereum could be primed for a sharper move in the near term.

Ethereum Defies Market Outflows

Despite the broader market turbulence last week, Ethereum continued to attract investor interest and secured its 15th straight week of inflows with $133 million. While digital asset investment products saw net outflows of $223 million, the first in 15 weeks, Ethereum stood out for maintaining positive momentum.

The week began with a strong $883 million in inflows but reversed sharply after hawkish signals from the FOMC and strong US economic data. Bitcoin bore the brunt of the risk-off sentiment and lost $404 million.

Still, CoinShares said that the recent correction likely reflects profit-taking, not fading confidence, especially as Ethereum and select altcoins like XRP and Solana remained resilient.

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