The price has surged above $27,000 at the time of writing as per data from CMC. The number of BTC addresses with a balance of 0.01 BTC or less has hit an all-time high. Bitcoin has had a great start to the new week and the price is showing strong bullish momentum. Crypto traders and investors alike are paying extra attention to the FOMC meeting due to its impact on the overall market in recent years. Two major events on Wednesday might have a significant effect on markets throughout the world, not just the cryptocurrency market. U.S. Fed Chairman will conduct a news conference after the release of the Fed’s interest rate call. According to the most up-to-date statistics, the number of Bitcoin addresses with a balance of 0.01 BTC or less has hit an all-time high. Nearly 37 million addresses own less than or equal to 0.01 BTC. Glassnode reports that Long-Term Holders (LTH) possess a record-breaking 70% of Bitcoin’s total supply, or 14,787,265 BTC, and that this percentage is only growing. Notably, after holding their Bitcoin for an average of over 155 days, 69.2% of these long-term investors are profitable. Bulls in Total Control Bitcoin has lately shown strong bullish momentum. The price has surged above $27,000 at the time of writing. It is now trading at $27,065 as per data from CMC. Moreover, the trading volume is up by 43.07%. Source: CoinMarketCap If the price manages to go above the $28,000 resistance level, then it will likely test the next resistance level at $31,480. On the other hand, if the price manages to go below the $26,370 support level then it will likely test the $25,000 key resistance level. All eyes will be on the upcoming FOMC meeting which can swing the price in either direction.

Conspiracy theory or one of the biggest scandals in crypto? The term “ETH Gate” has been on the lips of every XRP supporter in recent months and, increasingly, the broader cryptocurrency community. At the heart of this issue is the US Securities and Exchange Commission’s (SEC) decision to classify Ethereum (ETH) as a non-security, contrasting sharply with its ongoing legal action against Ripple and the XRP token. What is ETH Gate “ETH Gate” refers to a theory alleging that the Ethereum Foundation and ConsenSys have fostered close relationships with key individuals within the US Securities and Exchange Commission (SEC) and other entities like JP Morgan, thereby ensuring a favorable regulatory environment for Ethereum. One cornerstone of this theory are the Hinman emails which were released earlier this year. In these emails, Hinman, who made the landmark speech in 2018 declaring that Ethereum was not a security, interacted with Ethereum’s co-founder, Vitalik Buterin right before the speech. Hinman reportedly consulted Buterin to “understand the operational dynamics of Ethereum.” Remarkably, Bill Hinman rejoined the law firm Simpson Thacher in 2020 after leaving the SEC. The significance? Simpson Thacher is associated with the Ethereum Enterprise Alliance. Therefore, the XRP army believes that Hinman’s decision to deliver a speech giving Ethereum a regulatory “free pass” may not have been impartial. Speculations By XRP Army John E Deaton, an outspoken figure in the XRP community and a keen observer of the SEC’s dealings, has painstakingly put forth allegations suggesting a deeper web of interlinked relationships that hint at possible conflicts of interest. (There are so many that it is not even possible to highlight them all in one article.) His assertions have become pivotal in the “ETH Gate” theory, and here we’ll delve deeper into these connections. 1. Joseph Lubin’s Strategic Moves: Joseph Lubin, co-founder of Ethereum and founder of ConsenSys, is at the core of Deaton’s claims. According to Deaton, within just two months of Jay Clayton’s appointment as the SEC Chairman, Lubin made a potentially strategic hire, bringing on board Patrick Berarducci from the law firm Sullivan & Cromwell. This move is seen by Deaton and many in the XRP community as more than coincidental. Deaton has drawn attention to this connection in the past, positing that it might have provided Ethereum an inside track or at least a more favorable disposition from the SEC. Sullivan & Cromwell is also notable because Jay Clayton himself was a partner there before his stint as the SEC Chairman. 2. The Hinman-Lubin Email Exchange: Deaton frequently refers to the now-infamous email exchange between Bill Hinman and Joseph Lubin. For Deaton, this correspondence underscores a problematic level of proximity between a regulatory figure and a significant player in the crypto sphere. The fact that Hinman reportedly emailed Lubin directly is seen by Deaton as a potential sign of collaboration or at least a peculiar level of familiarity. More so, given Hinman’s subsequent public remarks about Ethereum being a non-security, despite warnings against such pronouncements from the SEC’s Office of General Counsel. 3. Jay Clayton and One River Digital Asset Management: After his tenure at the SEC, Jay Clayton joined One River Digital Asset Management. Deaton emphasizes this move as a point of contention. One River is known for its large holdings of Bitcoin and Ethereum. Deaton hints at a potential conflict of interest, questioning if Clayton’s decisions during his time at the SEC may have been influenced by future career prospects or associations that favored Ethereum. 4. Simpson Thacher, Ethereum Enterprise Alliance, and Hinman: One of the most significant points of contention brought forth by Deaton involves Bill Hinman’s associations with the law firm Simpson Thacher. This firm played a role in the Ethereum Enterprise Alliance. Deaton suggests that Hinman’s connection to Simpson Thacher and, by extension, the Ethereum Enterprise Alliance, could have influenced his decision to publicly declare Ethereum a non-security. Similarly, an XRP community member known as Mr. Huber has been extremely vocal and is raising compelling questions: “ETH Gate is a conspiracy theory that the SEC tried to create a monopoly for Ethereum?” He goes on to argue that this is a concerted attempt by powerful Wall Street banks like JPMorgan to “control the global crypto market by bribing the SEC to gain a monopoly for Ethereum.” Latest News On ETH Gate Yesterday, John E Deaton indicated that new, potentially damning, information about ETH Gate might soon be disclosed. “I’ve always said that one day we will get the full truth. Today is one day closer,” Deaton tweeted in response to Steven Nerayoff’s lawyer, Michael Scotto, who indicated that Nerayoff is prepared to make his facts known “at a time and manner that serves the interests of justice and the people.” Steven Nerayoff, an early adviser to Ethereum, had extortion charges against him dismissed in May this year. Deaton speculates that Nerayoff could be a significant source of insider information, possibly related to Ethereum’s regulatory free pass. “I have the map,” was Nerayoff unequivocal response to Deaton’s speculative tweets about the matter, as Bitcoinist reported today. The “ETH Gate” controversy calls into question the impartiality of the SEC in its treatment of different cryptocurrencies. Although allegations remain unproven, the gathered evidence paints a picture of inconsistent regulatory approaches and potential conflicts of interest. Whether these allegations hold any water remains to be seen, but they have certainly fueled a sense of urgency and scrutiny around the SEC’s policies. If the hints dropped by Steven Nerayoff and John E Deaton materialize into something substantive, ETH Gate could become a pivotal chapter in the annals of cryptocurrency regulation. At press time, ETH traded at $1,635.

In a rare lapse in technological expertise, the recently unveiled Ethereum testnet, Holesky, failed to launch after developers discovered flaws in the testnet’s design. Ethereum Holesky Testnet Riddled With Misconfigurations The crypto community and Ethereum enthusiasts are presently waiting for the return of Ethereum’s Holesky testnet which was scheduled to launch on Friday, September 15. The Holesky testnet which was created to replace Ethereum’s Goerli testnet after its deprecation in 2024 encountered an unexpected technical hiccup on the day of its release. The release date marked a significant date in the Ethereum community’s history, commemorating the one-year anniversary of Ethereum’s Merge to a Proof of Stake (PoS) network. Ethereum developers have labeled the technical flaw as a “misconfiguration in the ExtraData field.” Reports reveal that the misconfiguration was identified by an Ethereum Researcher named Protolambda. One of the DevOps at the Ethereum Foundation, Parithosh revealed in an X (formerly Twitter) post the details of Holesky’s launch delay and misconfigurations. Parithosh explained that the flaw was found in one of Holesky’s Genesis files, the el Genesis file. He stated that validators are currently working on the testnet and have succeeded in starting the chain; however, modifications on the network have not been completed so more time will be required to get the testnet back up and running ready for a relaunch. “We had a misconfiguration in the el genesis file and that led to the Holesky network improperly launching. Some validators manually fixed the config and were able to start the chain, but not enough for the network to finalize,” Parithosh said in the X post. Holesky Testnet Scheduled For a Relaunch The Holesky testnet was created to introduce a range of features and enhancements in the Ethereum ecosystem. The testnet was loaded with more than 1 billion Holesky Ether (HETH) to ensure that the network was large and strong enough to handle complex tests on upgrades and developments in the Ethereum blockchain. Ethereum’s Holesky testnet has now been rescheduled for release in two weeks. However, no proper date has been announced regarding the relaunch. “It’s extremely likely that we relaunch the network with new genesis files and have the network up two weeks from now,” Ethereum developer, Parithosh stated. While the delay is undoubtedly disappointing to many users, developers have vowed to integrate more validation steps and better docs to make the Holesky testnet stronger and prevent future misconfigurations. The delay in Ethereum’s Holesky testnet has not overly affected the price of its native token, ETH. Presently Ethereum developers are working vigorously to resolve the issue as fast as possible. The Ethereum community also remains hopeful that the delay will result in a more robust and reliable testing environment that will greatly benefit the Ethereum ecosystem.

Oracle service provider Chainlink native token LINK has surged today as the crypto market records a significant uptick. The cryptocurrency is up by 9.02%, trading at $6.80 with a trading volume of $198 million, representing an over 179% increase in the last 24 hours. One of the factors likely to affect LINK’s price growth in the coming days is the massive movement of tokens from the network’s wallet to exchanges. On September 16, four wallets associated with Chainlink transferred 18.75 million LINK tokens across various platforms, amounting to $119 million. These wallets were originally intended for holding tokens that were not yet in circulation. But recently, around 15.7 million LINK tokens (approximately $100 million) left these wallets headed straight to Binance. Furthermore, 3.05 million LINK tokens (roughly $19 million) left the wallets in a multi-signature wallet identified as 0xD50f. Following these significant on-chain activities and potential implications, investors are eager to see how LINK price will react. LINK Breaks Above $6.3 Resistance Level LINK is in an uptrend, forming a bullish engulfing pattern to break above the $6.3 resistance level. Although LINK is still below its 200-day Simple Moving Average (SMA), today’s green candle has broken above the 50-day SMA, showing increased pressure from buyers. The buyers at the $6.1 support level have forced the crypto coin to rally after the brief retracement between September 16-17. Also, the Relative Strength Index (RSI) displays a value of 58.00, rising from the neutral zone and approaching the overbought region of 70. LINK has overcome the $6.3 resistance level today. Therefore, the buyers will likely sustain the rally in the coming days. Furthermore, the Moving Average Convergence/Divergence displays a strong buy signal confirmed by its green Histogram bars. The cryptocurrency will likely record more price gains in the coming days if the buyers continue to accumulate the tokens. However, the unlock and transfer of 21 million LINK tokens on September 16 could lead to a brief retracement in the long term when the buyers relent. Whales Increase Holdings After Swift Test Since August 31, when Chainlink entered into a partnership with Swift and other companies, LINK has exhibited positive market moves. The interbank communication system Swift and Chainlink, successfully transferred tokenized value across various private and public blockchains in an experiment. The positive development boosted investors’ confidence in buying more LINK tokens, potentially pushing the token’s value up. On September 7, Santiment noticed that Chainlink’s top-tier holders, those with 10,000-100,000 LINK tokens, were actively increasing their holdings. The number of wallets holding 10,000 to 100,000 LINK tokens increased to 3,127, the highest since December 3, 2022. These wallets collected $9.6 million worth of LINK in just three days, 0.154% of the total supply. Additionally, Santiment’s report showed that 98 new wallets in this category were created. On September 9, a crypto expert, Ali, revealed that these whales bought more than 4 million LINK coins, amounting to $24 million in just 10 days. These accumulations show heightened investor interest in Chainlink and will likely drive demand, thereby increasing the token’s price in the coming days.

Solana (SOL) has been making positive noise recently with a surge in its price. However, one crypto strategist known as Altcoin Sherpa on the social media platform X, believes that the euphoria may be short-lived. Despite last week’s notable rally, Altcoin Sherpa argues that Solana is still trapped in a downtrend, casting doubts on the sustainability of its current momentum. Altcoin Sherpa points out a critical resistance level at approximately $19.50 that Solana must overcome to change its trajectory. The crypto analyst highlights a concerning pattern: Solana has been consistently forming lower highs since reaching its 2023 peak of $32.30 back in July. This pattern suggests that each attempted rally has been met with increasing selling pressure, raising questions about the strength of the recent recovery. Altcoin Sherpa advises caution for those considering entering the market, stating: Currently, Solana is trading at $19.12, according to CoinGecko, showing a modest 1.1% gain in the last 24 hours and a seven-day rally of 4.5%. Solana Support Hinges On FTX Liquidation In the event that SOL’s latest rally loses steam, Altcoin Sherpa identifies the $14 level as a potential support zone. However, he underscores a crucial factor that could influence Solana’s fate in the short term—the imminent liquidation of a massive Solana stash held by the troubled crypto exchange FTX, amounting to a staggering $1.16 billion. The outcome of this liquidation could significantly impact Solana’s price stability. Supporting Altcoin Sherpa’s bearish outlook is an analysis of key technical indicators. The Relative Strength Index (RSI) is indicating a decline in momentum, hinting at a potential downturn for Solana. Furthermore, the Awesome Oscillator (AO) has ventured into the negative territory, providing additional validation for the bearish sentiment. If selling pressure continues to intensify, Solana’s price could test the psychological level of $18.00, hovering around the midline of its current trading channel. In a more dire scenario, SOL could plunge even further to reach the lower boundary of the channel at $17.29. The quantity of long positions that have already been liquidated is 45 times that of short positions, according to the liquidation statistics provided by CoinGlass. Potential Turning Point However, there is a glimmer of hope for Solana investors. In the worst-case scenario, if the downtrend persists, Solana’s price could eventually find support in the demand zone, marked by the last candlestick before the remarkable July uptrend began. This area tends to attract buyers and might serve as a potential turning point for SOL’s fortunes. While Solana’s recent rally has generated excitement, caution is advised, as technical indicators and market dynamics point towards a possible continuation of the downtrend. The crypto world remains as unpredictable as ever, and investors should carefully consider their options before diving in. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Adobe Stock

Dogecoin (DOGE) has found itself caught in a tug-of-war between buying pressures and bearish sentiment, leaving investors and enthusiasts wondering about the coin’s future direction. A sudden dip in DOGE’s price sent shockwaves through the market, breaking a pivotal support trendline that had historically bolstered the coin’s recovery phases. This breach raised concerns of a continued decline, but recent developments suggest that the meme-inspired cryptocurrency may be gearing up for a fresh rally. One glimmer of hope for DOGE came in the form of newfound support at the $0.06 price level. This development, combined with the broader market’s bullish sentiment, contributed to a modest recovery earlier today. However, it’s important to note that the price has since experienced some corrections, highlighting the ongoing volatility in the cryptocurrency space. At the time of writing, DOGE is trading at $0.061802 on CoinGecko, reflecting a 1.0% decline in the past 24 hours and a 0.6% loss over the past week. DOGE’s Bearish Threat Looms Despite the recent positive movement, DOGE remains vulnerable to potential bearish pressures. If bears manage to establish dominance around the overhead trendline, particularly at the $0.064 price level, the meme coin may face renewed selling pressure. In such a scenario, a decline of 10-12% could be on the horizon, potentially pushing DOGE prices toward the $0.057 region. Meanwhile, in a surprising turn of events over the weekend, Billy Markus, the creator of Dogecoin, took to Twitter to express his thoughts on the state of the Dogecoin community. Responding to a user’s lament about the decline in community engagement, Markus did not hold back. He declared the Dogecoin community as “dead” for over a year, placing blame on its most active members for creating unnecessary drama rather than fostering a positive environment. DOGE Continues To Shine While Markus’s words may seem harsh, they carry an air of irony. Dogecoin, with its iconic Shiba Inu mascot, remains a beloved figure in the meme-cryptocurrency landscape, transcending traditional expectations for digital assets. This ironic twist adds an element of intrigue to the ongoing Dogecoin narrative, as enthusiasts and traders eagerly await the next chapter in this rollercoaster journey. Dogecoin’s recent price fluctuations, combined with the candid remarks of its creator, have ignited speculation about the cryptocurrency’s future trajectory. As DOGE navigates the ups and downs of the crypto market, one thing remains certain: the world will continue to watch this meme coin with a mix of fascination and amusement. Whether it’s a fresh rally or more turbulence on the horizon, Dogecoin enthusiasts are always in for a wild ride. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from NameCoinNews

Toncoin (TON), in a surprising turn of events amidst a bearish market, has witnessed an extraordinary surge in its price value over the last seven days. Market indicators and metrics have overwhelmingly favored TON, painting a bullish picture for the cryptocurrency. This unexpected rally was ignited by the breaking news of a partnership involving the renowned messaging app Telegram, further solidifying TON’s position as a preferred blockchain for Web3 infrastructure. Endorsement Of Toncoin Fuels Bullish Momentum The catalyst behind TON’s remarkable surge was the official endorsement of the TON network by Telegram. This strategic partnership has positioned TON as the go-to blockchain solution for Telegram’s Web3 infrastructure. What’s particularly exciting is the seamless integration of Telegram’s user interface with the TON network, promising a synergy that could reshape the landscape of decentralized applications (DApps) and decentralized finance (DeFi). Toncoin’s price action immediately reflected the positive sentiment following the Telegram partnership announcement. In a market where leading cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) had been struggling, TON stood out with a remarkable seven-day surge of 38.9%, showcasing its resilience and growth potential. As of the latest data from CoinGecko, TON is currently valued at $2.34, demonstrating a robust performance even amidst a brief 2.6% decline over the past 24 hours. Coinglass reported a notable increase in TON’s open interest during this price uptick, suggesting that the bullish momentum may persist in the days to come. Price analysis reports an uptick in TON’s open interest, signaling that the current bullish trend might persist in the coming days. Additionally, the cryptocurrency’s daily active addresses have surged significantly, suggesting increased user engagement and network activity. LunarCrush’s data adds another layer of optimism to the mix, as it highlights a substantial increase in TON’s trading volume – a classic bull signal. Navigating High Volatile Zone As investors and traders keep a close eye on Toncoin’s meteoric rise, the Bollinger Bands indicate that TON’s price is firmly situated within a highly volatile zone. This volatility adds an element of excitement and potential opportunity for those looking to ride the wave of continued northbound price movement. Toncoin’s recent surge stands as a testament to the power of strategic partnerships and the growing influence of Web3. With Telegram’s official endorsement, TON has not only garnered increased attention but also gained credibility as a blockchain infrastructure provider. Investors and enthusiasts alike will undoubtedly be watching closely to see if this bullish momentum is here to stay. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Pinterest

The flagship cryptocurrency, Bitcoin, was created with the goal of disrupting the traditional financial system. In support of this, Best-selling Author and Clinical Psychologist Jordan Peterson has suggested that customers should abandon the banking system and probably adopt Bitcoin. Jordan Peterson Says Bitcoin Over Banks Peterson was making this suggestion in response to a news report that Macquarie Bank, Australia’s fifth largest bank, was planning to transition to a digital-only banking system by November 2024. In line with this, the bank will begin phasing out cash, cheque, and phone payment services as part of its offerings. The psychologist quoted the report and stated, “Maybe it’s time to scrap Banks,” and further quizzed, “Could Bitcoin fix this?” For one, Macquarie Bank’s decision has been widely criticized as it potentially excludes certain customer groups. Furthermore, this move also highlights one of the problems that cryptocurrencies like Bitcoin aim to solve by giving customers more control over their money. It is believed that these financial institutions shouldn’t be able to have so much control over people’s finances and decide how they spend their money as these banks could easily implement policies that do not favor or cause difficulties to certain customer groups. Additionally, Macquarie, in a statement, described digital transactions as being a “safer, quicker, and more convenient way to bank.” However, crypto advocates beg to differ as, in response to Peterson’s tweet, some responded that networks like the Bitcoin Lightning Network, XRP Ledger, and Bitcoin Cash are a better alternative than the banks’ digital systems. Lightning Network To The Rescue Many, including Republican presidential candidate Aaron Day, seem to be against the idea of Bitcoin replacing banks. In response to Peterson’s tweet, Day stated that the traditional banking system could do between 50,000 and 100,000 transactions per second (TPS), unlike Bitcoin, which has a TPS of seven. He also elaborated that the CBDC pilot in the US can do 1.7 million TPS. Following this, crypto supporters quickly responded that the Bitcoin Lightning Network helps to solve this problem as it boasts a TPS of up to 1 million, making it faster than the traditional banking system, which Day argues for. The network is able to provide a quicker alternative while enjoying the security that the Bitcoin blockchain provides. Blockchain technology (which cryptocurrencies run on) is said to be more secure and transparent than the traditional banking system. Meanwhile, many in the Bitcoin community seemed to be happy about the idea of Jordan Peterson mentioning the foremost cryptocurrency on his platform, as that could suggest that Bitcoin is about to gain a major proponent. The Canadian psychologist boasts a huge follower base with 4.6 million followers on his X (formerly Twitter) platform.

Ethereum price faced resistance near $1,650 against the US Dollar. ETH corrected gains but the $1,620 support might spark another upward movement. Ethereum is eyeing a key upside break above the $1,650 resistance. The price is trading above $1,625 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance near $1,625 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if there is a close above $1,650 and $1,670. Ethereum Price Aims Higher Ethereum’s price was able to climb further above the $1,620 resistance. However, ETH struggled to gain strength for a move above the $1,650 resistance, like Bitcoin. There was a downside correction below the $1,630 level. The price even spiked below $1,620 but the downsides were limited. A low was formed near $1,613 and the price is now moving higher. There was a break above the $1,620 level and the 23.6% Fib retracement level of the recent decline from the $1,652 swing high to the $1,613 low. Besides, there was a break above a connecting bearish trend line with resistance near $1,625 on the hourly chart of ETH/USD. Ether is now trading above $1,625 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $1,635 level or the 76.4% Fib retracement level of the recent decline from the $1,652 swing high to the $1,613 low at $1,642. The next resistance is near the $1,650 level. A close above the $1,650 resistance might send the price toward the $1,670 resistance. Source: ETHUSD on TradingView.com If there is a close above $1,670, the price might start a strong increase. The next major hurdle is near the $1,750 level. A close above the $1,750 level might send Ethereum further higher toward $1,880. Another Drop in ETH? If Ethereum fails to clear the $1,650 resistance, it could start another decline. Initial support on the downside is near the $1,620 level. The first key support is close to $1,610. The next key support is $1,585. A downside break below $1,585 might start another bearish wave. In the stated case, the price could even decline toward the $1,520 level in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $1,610 Major Resistance Level – $1,650

BNB price (Binance coin) stayed above the main $202 support against the US Dollar. The price is recovering and might rally if there is a move above $220. Binance coin price is slowly moving higher above the $212 level against the US Dollar. The price is now trading above $214 and the 100 simple moving average (4 hours). There was a break above a major bearish trend line with resistance near $213 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair might gain bullish momentum if there is a close above $220. Binance Coin Price Starts Recovery After a major decline, BNB price managed to stay above the key support at $202. The price traded as low as $204 and recently started a decent increase, like Bitcoin and Ethereum. There was a move above the $208 and $210 resistance levels. The price climbed above the 23.6% Fib retracement level of the main decline from the $234 swing high to the $204 low. Besides, there was a break above a major bearish trend line with resistance near $213 on the 4-hour chart of the BNB/USD pair. BNB price is now trading above $214 and the 100 simple moving average (4 hours). On the upside, it is facing resistance near the $219.50 and $220 levels. Source: BNBUSD on TradingView.com The 50% Fib retracement level of the main decline from the $234 swing high to the $204 low is also near $220 to act as a hurdle. A clear move above the $220 zone could send the price further higher. The next major resistance is near $228, above which the price might rise toward $235. A close above the $235 resistance might set the pace for a larger increase toward the $250 resistance. Another Drop in BNB? If BNB fails to clear the $220 resistance, it could start another decline. Initial support on the downside is near the $214 level and the 100 simple moving average (4 hours). The next major support is near the $210 level. If there is a downside break below the $210 support, the price could drop toward the $204 support. Any more losses could send the price toward the $202 support. Technical Indicators 4-Hours MACD – The MACD for BNB/USD is gaining pace in the bullish zone. 4-Hours RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $214, $210, and $202. Major Resistance Levels – $220, $228, and $235.

Bitcoin price is holding the $26,400 support zone. BTC could gain bullish momentum if there is a close above the $27,000 resistance zone. Bitcoin is holding gains above the $26,200 support level. The price is trading above $26,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support near $26,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a steady increase if it settles above $26,850 and then $27,000. Bitcoin Price Holds Ground Bitcoin price started a decent increase above the $26,200 resistance zone. BTC even climbed above the $26,800 level but failed to stay in the positive zone. There was a minor downside correction below $26,550. The price traded as low as $26,412 and is currently attempting a fresh increase. There was a move above the 50% Fib retracement level of the downward move from the $26,887 swing high to the $26,412 low. Bitcoin price is now trading above $26,500 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support near $26,500 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $26,700 level or the 61.8% Fib retracement level of the downward move from the $26,887 swing high to the $26,412 low. The first major resistance is near the $26,850 level. The next key resistance could be near the $27,000 level. Source: BTCUSD on TradingView.com A successful close above the $26,850 resistance and $27,200 could spark another bullish wave. The next major resistance is near $27,500, above which the bulls could gain strength. In the stated case, the price could test the $28,500 level. Another Drop In BTC? If Bitcoin fails to start a fresh increase above the $26,850 resistance, it could react to the downside. Immediate support on the downside is near the $26,500 level and the trend line. The next major support is near the $26,200 level. A downside break and close below the $26,200 level might send the price toward the next support at $25,650. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $26,500, followed by $26,200. Major Resistance Levels – $26,700, $26,850, and $27,000.

The Stoner Cats’ floor value was about 0.0189 ether until the SEC stepped in. There are 10,420 Stoner Cat NFTs in total, which were originally sold for 0.35 ETH apiece. The Stoner Cats NFT collection is based on an animated series in which a group of cats and an old lady spend their time chilling out while high on cannabis. Seth MacFarlane from “Family Guy,” Chris Rock, and Jane Fonda all featured in the series, which was created by prominent celebrities’, Mila Kunis and Ashton Kutcher. Based on data collected by cryptoslam.io, secondary sales of Stoner Cats have brought in $28.16 million since its inception in July 2021. There are 10,420 Stoner Cat NFTs in total, which were originally sold for 0.35 ETH apiece. There have been 9,091 purchasers of Stoner Cat NFTs since July 2021, and their average holding time is 10.72 days. One address (0xfc9) of the 3,000-5,000 holders has 451 NFTs, or 4.33 percent of the Stoner Cats total. Moreover, the address “coco.eth” has 350 Stoner Cats, or 3.36 percent of the total supply. SEC Intervention After the SEC took action against the Stoner Cats NFT initiative, the digital collection’s floor value and trading volume skyrocketed. Opensea.io and nftpricefloor.com report that at one point the floor price was equal to 0.084 ETH, or around $136. The Stoner Cats’ floor value was about 0.0189 ether (equal to approx. $30.73) until the SEC stepped in. The SEC levied $1 million penalties against the cartoon series Stoner Cats, starring Mila Kunis and Ashton Kutcher, for its unregistered marketing of crypto asset securities. Highlighted Crypto News Today: Magic Eden Embraces Solana’s cNFTs Offering Affordable Option

The strategists also highlight encouraging trends in inflation, which has been a key worry. The experts also note that economic growth is expected to decelerate in Q4. One of the world’s most prestigious investment firms, Goldman Sachs, has made the outlandish claim that November may not see an interest rate increase. The strategists at Goldman Sachs recently released a report outlining the several variables that have led them to expect an interest rate rise delay. They emphasized the need for further rebalancing of the labor market before the Fed would contemplate increasing interest rates again. This indicates the Federal Reserve may be waiting for sustained improvements in employment statistics before raising interest rates. The strategists also highlight encouraging trends in inflation, which has been a key worry recently. Goldman Sachs thinks there could be less urgency to raise interest rates soon in light of recent improvements in inflation statistics. Investors Closely Awaiting Decision The experts also note that economic growth is expected to decelerate in Q4. They pointed out that if growth were to slow that much, the Fed may decide to hold off on raising interest rates until it could evaluate the economy’s durability. If inflation keeps falling next year, the analysts at Goldman Sachs predict lower interest rates. As a result of the economy’s resilience, they believe the Fed will increase its growth forecast to 2.1% in 2023 from 1% now. Given the past record of monetary policy tightening, market investors are watching the Fed’s actions and words attentively. The crypto market has lately stabilized after severe bear dominance. The interest rate decision will definitely make a huge impact on both the conventional and crypto market. Highlighted Crypto News Today: Layer-2 Network Base Achieves 1.88 Million Daily Transactions

In the dynamic landscape of 2023’s global trading platforms, Torobase has steadily established itself as a vanguard. Its defining features resonate with modern traders, emphasizing efficiency, security, and transparency. Here’s a comprehensive overview, detailing its edge in the market. Seamless Integration and Universal Access The importance of accessibility cannot be overstated. Torobase offers intuitive access across varied devices – be it PCs, tablets, or smartphones – without necessitating any additional software installations. This positions clients to act swiftly, staying attuned to the pulse of the global exchange markets. Deposits & Withdrawals Torobase ensures streamlined processes for both depositing and withdrawing funds, catering to modern conveniences, including Credit Card, Apple Pay, Google Pay, and traditional Bank Transfers. The safe and smooth withdrawal process is particularly commendable, reflecting the platform’s commitment to client autonomy and privacy. Advanced Technological Infrastructure Shifting away from the redundant platforms such as MetaTrader (MT4), Torobase is at the helm of innovation with its Open API. Tailored for modern algorithmic trading, it empowers traders with sophisticated tools, suitable for both automated robots and high-end algorithmic strategies. Enhanced Leverage Capabilities Leverage remains an invaluable tool for traders, amplifying potential returns. Torobase provides significant leverage opportunities without any associated fees, enabling clients to harness the full potential of their trading strategies. Transparent Transactional Structure In an industry rife with hidden charges, Torobase stands out with its transparent pricing model. The absence of trading commissions, coupled with a clear spread-based profit mechanism, reaffirms its client-centric approach. Pioneering in Forex & Crypto Integration The confluence of Forex & Crypto markets presents immense opportunities. Torobase’s platform grants real-time access to these markets, with an added advantage of auto-converting trading profits into crypto, epitomizing seamless trading transitions. Uncompromised Security Protocols Cybersecurity is a cornerstone of Torobase. By implementing two-factor authentication, the platform guarantees that fund withdrawals remain exclusively under the purview of the account holder, necessitating both a password and an email verification code for every transaction. Comprehensive Learning Curve Recognizing the varying expertise levels of traders, Torobase offers a pragmatic approach with its demo account, facilitating risk-free learning. This allows traders to refine strategies before transitioning to the live trading environment. Distinctive Feature Set Torobase’s suite of features, from a robust crypto wallet to state-of-the-art API integration and the allure of high leverage, distinctly positions it as a preferred choice for modern traders. Effortless Onboarding Embarking on the Torobase trading journey is streamlined and efficient. Prospective traders can swiftly register, capitalize their account, and commence their trading endeavors. The platform’s specialized online software further underscores its commitment to providing an all-encompassing trading solution. Conclusion In the intricate tapestry of 2023’s financial platforms, Torobase emerges as an exemplar, melding innovation with client-focused strategies. Its meticulous blend of features, coupled with unwavering emphasis on security and transparency, makes it the discerning choice for traders seeking a proficient trading environment. Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

The layer-2 network processed more transactions than Optimism and Arbitrum combined. Despite the success, the layer-2 network remains behind prominent layer-2 networks. Statistics from blockchain analytics provider BaseScan shows that Layer-2 Network Base broke its previous record for daily transactions, set on launch in August. Base reached 1.88M transactions on September 14, exceeding the earlier record of 1.41M transactions reached on August 21. The layer-2 network processed more transactions than Optimism and Arbitrum combined (878,000) in a single day. Despite the success, the layer-2 network remains behind other, more well-known blockchains like as Polygon and BNB Smart Chain (BSC). On the same day, BSC processed 3.1 million transactions, whereas Polygon processed 2.1 million. Strong Backing by Crypto Community Base did not have as many users as it did on August 21, when it set a new record for the most transactions in a day and also exceeded 136,000 daily active users. Data collected by Dune Analytics on September 14 revealed that Base had just around 86,000 DAUs. On August 9, Base was released to the public, enabling its users to conduct a wide variety of tasks that were previously only possible on layer-2 networks, such as bridging tokens, swapping tokens to create liquidity, minting NFTs, and more. The crypto community as a whole has embraced the network from its debut. More than 268,000 individual wallets on the layer-2 network created over 700,000 NFTs on September 6. More than $242 million in cryptos were transferred using the blockchain in its first two weeks, with 130,000 different wallets making use of it on a daily basis. Highlighted Crypto News Today: TON Joins NFTScan’s Growing Portfolio

Kroll has guaranteed that neither FTX passwords nor KYC information were exposed. FTX has verified that new security mechanisms have been implemented. After a serious cyberattack, FTX has finally fixed its claims site. Kroll, FTX’s third-party agency managing creditor claims, was the planned victim. However, FTX responded quickly, freezing impacted user accounts as a preventative action to guarantee the safety of its customers. Interestingly, a technique known as “SIM swapping” was the root of the security flaw. Information on BlockFi, FTX, and Genesis claimants was compromised in this assault. In spite of this disturbing fact, Kroll has guaranteed that neither FTX passwords nor KYC information were exposed. In addition, FTX has made it known that it plans to improve safety. FTX has verified that new security mechanisms have been implemented now that the portal is live. Users might feel more at ease when using the system. Liquidation Likely In addition to the safety measures, Delaware District Judge John Dorsey’s permission has been drawing a lot of attention. By doing so, FTX may liquidate a significant percentage of its crypto holdings—likely in the billions—to pay back its debtors. A financial adviser is designated in the authorized plan to manage token sales. The result is a weekly limit of $100 million for the vast majority of coins. Token per token basis, the limit might be raised to $200 million. In addition, the U.S. Trustee’s office must be notified 10 days in advance of any Bitcoin or Ether transactions. Additionally, FTX intends to hedge Bitcoin and Ether to protect against the volatile crypto market. This tactical shift has been made to mitigate the effects of price volatility on sales revenues. Highlighted Crypto News Today: Billionaire Investor Mark Cuban’s Crypto Wallet Drained of $870k

Solana’s state compression is the engine behind cNFTs. Hosting NFTs off-chain may have certain advantages, but it also presents some difficulties. As a more affordable and scalable approach to owning digital collectibles, Magic Eden, a marketplace for NFTs, has announced its support for Solana’s compressed NFTs (cNFTs). Compressed and held off-chain, cNFT data is what sets them apart from regular Solana NFTs. Since there are less costs associated with minting them, more may be produced at a cheaper price. Magic Eden claims that this NFTs is best for mass production in the gaming, music, event, and metaverse sectors. The NFT marketplace claims that its platform provides producers with a means to cheaply distribute their works to a larger audience. Boosting NFT Adoption Moreover, the NFT marketplace also thinks it may increase acceptance and offer an “easy access point” for new individuals to try out accumulating NFTs by reducing the expenses required in producing NFTs. Users may invest less of their own money towards collecting NFTs because of the reduced prices, thus increasing adoption. Solana’s state compression is the engine behind cNFTs, enabling the creation of a million NFTs for around $110. The cost of minting cNFTs is far cheaper than the expense of minting NFTs on Ethereum, which may range between $2.9 to over $30 per NFT. Hosting NFTs off-chain may have certain advantages, but it also presents some difficulties. When the FTX cryptocurrency exchange collapsed in 2022. NFTs that had been created on the platform stopped functioning and displayed blank screens. It was noted that the NFTs weren’t housed on the blockchain, but rather on a Web2 API, and cautioned that this choice should be taken into account in the future. Highlighted Crypto News Today: Ethereum Price Striving Hard To Overturn Bearish Momentum

Cuban verified that he had indeed logged into MetaMask for the first time in months. On September 15, a blockchain investigator Wazz initially noticed the exploit. Mark Cuban, billionaire businessman, allegedly had one of his hot wallets emptied of about $870k worth of cryptocurrency. On September 15 at about 8 pm UTC, a blockchain investigator Wazz initially noticed the exploit after drawing attention to unusual activity in one of Cuban’s wallets that he hadn’t used in over five months. Etherscan’s transaction log shows that a large number of tokens were unexpectedly removed from the wallet within a short period of 10 minutes. These tokens included USDC, USDT, and Lido Staked Ether (stETH). Wazz suspected Cuban was merely shuffling funds when he saw that another $2 million in USDC had been withdrawn and transferred to a separate wallet. Waiting to Strike A few hours later, though, Cuban verified that he had indeed logged into MetaMask for the first time in months, and he made some oblique references to the possibility that a hacker had been waiting to strike. Cuban also confirmed that he was the one who transferred $2 million USDC by saying that he had moved any leftover funds to Coinbase Custody. Community users were eager to point out that the hack was probably Cuban’s fault, rather than the result of hackers monitoring his online behavior. Since the funds were sent out of the wallet without going via any intermediaries, some have speculated that Cuban may have signed a malicious transaction by accident, while others have claimed that his private key was hacked. Highlighted Crypto News Today: Ethereum Price Striving Hard To Overturn Bearish Momentum

Telegram has made public its decision to include the crypto wallet Ton Space. If bulls could drive the price above $2.66 level then it will likely rally all the way till $3 mark. After receiving support from the popular messaging platform Telegram, Toncoin has been one of the top performers in recent times. Telegram, a widely used chat service, has made public its decision to include the crypto wallet Ton Space. Toncoin’s price performance has been significantly impacted by the integration with Telegram, which has contributed to the coin’s recent bullish momentum. Significant Price Surge In the last 30 days, Toncoin has increased in value by approximately 50%; during the last week, it has surged by 23%; and over the past 24 hours, it has increased by 13%. The rapid rise in value over such a short time frame is indicative of growing demand and popularity for this cryptocurrency. If the current trend in Toncoin’s price holds, it will likely break the $3 threshold in the near future. Source: CoinMarketCap At the time of writing, TON is trading at $2.22 and is up 13% in the last 24 hours as per data from CMC. Furthermore, the trading volume is up by 102%. The price is trying to break the recent high of $2.23. If it manages to climb over this recent high then it will likely test the $2.66 resistance level. If bulls could drive the price above $2.66 level then it will likely rally all the way till $3 mark. However, if the price slips below $1.95 support level then it will likely test the next support level at $1.63. Despite the overall weak market, the TON price has managed to maintain strong bullish momentum.

Bitcoin has had an eventful week, gaining by over 5% to trade above the $26,000 price. Even following the release of the US Consumer Price Index, which showed an inflation rise of 0.6%, the premier cryptocurrency remained resilient with little to no price drops. As BTC now hovers around the $26,500 price mark, market analysts and crypto enthusiasts continue to speculate on the token’s next movement. Notably, co-founders of market intelligence platform Glassnode Jan Happel and Yan Allemann have plotted a possible path through which Bitcoin may return to $30,000 in the coming weeks. Bitcoin’s Road To $30,000 Marked By Double Price Barriers, Analysts Say Through a post on their shared account on X, known as Negentropic, the Glassnode co-founders stated that Bitcoin is currently targeting a move above $27,000, having reclaimed its support at $26,000 in the past week. According to the analysts, the Bitcoin Risk Index has now dipped into the 60s, indicating there is an ongoing shift to a positive sentiment around the asset. This means that more investors are beginning to view Bitcoin as a favorable investment. If these sentiments translate into buying pressure, Bitcoin could embark on an upward trend. However, the Glassnode co-founders predict the token will face significant resistance at $27,400 and $28,200, as traders could opt to take profit at these price levels. However, the analysts predict BTC will eventually overcome these barriers, pushing through to the $30,000 price mark, which they described as a “psychology barrier.” The last time Bitcoin traded above $30,000 was back in July. Since then, the world’s largest cryptocurrency has seen its price decline by over 17% due to multiple events, most notably, the massive Bitcoin sell-off by aerospace company Space X. Is A Bitcoin Rally Coming? In other news, data from Into The Block shows that Bitcoin’s transaction fees for this week were valued at $6.3 million, representing a 40% increase on the last week. While a rise in transaction fees could represent network congestion, which is known to drive network users away, it could also mean there is a high level of adoption. Furthermore, Into The Block also reported that Bitcoin recorded exchange inflows of $10 million and outflows of $70 million. The high level of Bitcoin being moved off exchanges indicates rising investors’ interest in the cryptocurrency, which could also translate into a notable price gain. However, it is worth stating that these are only predictions and should not be counted as investment advice. At the time of writing, Bitcoin trades at $$26,537 with a 0.33% loss in the last day based on data from CoinMarketCap. The token’s daily trading volume is also down 12.86% and valued at $11.25 billion.