Author: Yonicrypto

Australia’s major crypto exchange leaders anticipate an early bull run next year, though some argue it’s already underway. The initial phase of a significant rally is in progress, marked by a gradual increase in crypto purchases, set to surge in early 2024, according to the heads of Australia’s largest crypto exchanges. Adrian Przelozny, CEO of Independent Reserve, shared with Cointelegraph his expectation of heightened market activity in early 2024. He is actively expanding his team and building infrastructure in preparation for the anticipated surge. “We’re just doing everything we can to get ready for a bull market because we know…

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Arthur Hayes, co-founder of BitMEX, expressed optimism about Bitcoin’s future, emphasizing a notable surge in U.S. dollar liquidity. In a recent post, Hayes, accompanied by a chart depicting changes in net reverse repurchase agreement (RRP) and treasury general account (TGA) balances, playfully referred to U.S. Treasury Secretary Janet Yellen as “Bad Gurl Yellen.” Hayes encouraged the Bitcoin community to stay focused, pointing out the substantial increase in U.S. dollar liquidity. He suggested that Bitcoin’s price is likely to follow the upward trend in dollar liquidity. The provided chart outlines the fluctuations in RRP and TGA balances, hinting at a potential…

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There exists a worldwide consensus regarding the role of greenhouse gas (GHG) emissions in global warming. Nonetheless, the task of accurately gauging, reporting, and validating these emissions remains a challenge for researchers, non-profit organizations, corporations, and governments. This challenge is particularly pronounced in the context of “nature-based” initiatives aimed at decreasing carbon dioxide levels, such as tree planting and mangrove forest restoration. This predicament has hindered the progress of a voluntary carbon market (VCM), wherein trade occurs for carbon offset credits. These “offsets” are occasionally perceived as permits for pollution, yet VCMs are generally perceived as beneficial for the planet…

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BTC

Coinbase witnessed a substantial surge in its stock on August 29, following reports that a federal judge had ruled in favor of Grayscale in its legal clash with the U.S. Securities and Exchange Commission (SEC). As the trading session on August 29 came to a close, COIN’s value reached $85.13 per share, indicating a remarkable increase of more than 15% compared to the previous day’s closing price. Notably, Coinbase, the largest cryptocurrency exchange in the United States, has been publicly listed on the Nasdaq since 2021. On the same day, a federal court delivered a verdict stating that the SEC’s…

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Antonio Juliano, the visionary behind the decentralized exchange dYdX, suggests that cryptocurrency developers should abstain from catering to U.S. customers for the upcoming five to ten years. He proposes that builders divert their attention to experimenting in alternative markets during this period and consider returning when conditions are more favorable. In a Twitter thread on August 25th, Juliano articulated his viewpoint, advocating for a focus on markets beyond the United States. He posits that by concentrating on platform expansion and user adoption in more hospitable international environments, startups can achieve swifter scaling. Juliano’s commentary predominantly targets emerging startups rather than…

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Former Pepecoin (PEPE) Promoter Alleges Insider Trading Amidst Token Depreciation The value of the PEPE token has plummeted to $0.000001, resulting in concerns within the crypto community. Jeremy “Pauly” Cahen, once a promoter for Pepecoin and now a prominent crypto influencer, has come forward with serious accusations of insider trading against the Pepecoin team. These allegations have arisen in the wake of a reported theft of approximately 16 trillion PEPE tokens. Cahen has taken a bold step by revealing the identities of certain team members and shedding light on their wallet activities. On-chain analysts have also scrutinized notable transactions involving…

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ETH

In a collaborative effort, investment firms ARK Invest and 21Shares have submitted applications for two Ethereum futures exchange-traded funds (ETFs), in response to indications that the U.S. securities regulator might soon initiate the approval process. The proposed Ethereum futures ETFs are named the “ARK 21Shares Active Ethereum Futures ETF” (ARKZ) and the “ARK 21Shares Active Bitcoin Ethereum Strategy ETF” (ARKY), as detailed in an August 24 submission to the Securities and Exchange Commission. The filing outlines that ARKZ intends to allocate a minimum of 25% of its total assets towards cash-settled Ethereum futures contracts, particularly those traded on the Chicago…

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Pepe (PEPE) token experiences a decline, dropping to $0.000001. The value of this memecoin sharply plummeted due to unusual token activities that raised concerns about a potential rug pull. In other news, the Base and Optimism networks have achieved a fresh consensus on revenue distribution and governance sharing. Additionally, Binance, despite refuting any connections with sanctioned Russian banks, has chosen to rename these banks as “Yellow” and “Green” cards on its platform. PEPE token takes a nosedive following peculiar token movements that trigger concerns about a possible rug pull. The value of the memecoin Pepe, adorned with a frog theme,…

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rewrite.The closing of NFT project Recur comes two years after it was valued at $333 million and had the backing of an Ethereum co-founder, the Winklevoss twins and Gary Vee. Despite securing a $50 million funding round, the NFT platform Recur ceases its operations. Despite an eagerly anticipated launch less than two years ago, the NFT platform Recur is now in the process of winding down its operations. On August 18, the company explained that while the decision to shut down was not taken lightly, the challenging business environment ultimately presented an insurmountable barrier: “Unforeseen challenges and shifts in the…

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potential interest rate increases, have emerged as some of the suggested explanations for Bitcoin’s abrupt and significant price drop. Around 9:35 pm UTC on August 18, the price of Bitcoin experienced an unexpected nosedive of more than 8% within a mere 10-minute timeframe. This rapid decline reverberated throughout the broader cryptocurrency market, leaving members of the crypto community perplexed and seeking answers. SpaceX sells Bitcoin amidst interest rate apprehensions. The decline was attributed by eToro market analyst Josh Gilbert to a report suggesting that SpaceX might have divested part or all of its $373 million Bitcoin holdings, sourced from a…

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