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Can Litecoin Whales Hold The Bull Run? The “Supply Distribution,” which reveals how many addresses are a part of each wallet group on the Litecoin network, is the pertinent signal in this case. Each address is divided into various wallet groups based on the total number of coins it presently holds. The 100-1,000 coin cohort, for instance, consists of addresses or investors on the blockchain with a balance of at least 100 and no more than 1,000 LTC. advertisement According to Litecoin’s daily period chart, its value has increased dramatically over the past five days, rising by around 40%. This spike marked a crucial turning point because it was the highest ever observed in more than a year. Because Litecoin’s price action surged back up by around 28% on the same day, the volume rise was unmistakably optimistic. It’s interesting to note that the price reached a new 12-month high as a result of the recent bullish volume. Litecoin price traded at $107.37 at the

Leon Foong Steps Down Amid Rising Legal Issues Foong’s decision comes as Binance faces mounting challenges due to increased regulatory scrutiny and allegations of various transgressions. Recent months have witnessed the departure of several key executives, including Chief Strategy Officer Patrick Hillman and General Counsel Hon Ng. advertisement With regulatory actions impacting Binance ’s operations in the US and Europe, the Asia-Pacific region and the Middle East have become focal points for the exchange’s growth strategy. However, Binance ’s dominance in global crypto trading has waned due to these regulatory concerns and the loss of certain banking partnerships, leading some traders to migrate to alternative exchanges. The US Commodity Futures Trading Commission ( CFTC ) filed a complaint against Binance in March, alleging that the exchange and its founder, Changpeng “CZ” Zhao, had violated derivatives laws and taken insufficient compliance procedures. These

Bitcoin Embarks On Bullish Rally Fed Chair Jerome Powell hinted at further interest rate hikes during the Jackson Hole meeting recently. If inflation is higher and the Jobs market remains tight, the U.S. Federal Reserve will raise interest rates at the next FOMC meeting on September 21. advertisement The CME FedWatch Tool shows an 86.5% probability of keeping the interest rate unchanged by the Fed in the next monetary policy meeting. Traders eye key PCE inflation, non-farm payrolls, and unemployment data to confirm the upcoming bullish rally. The market expects core PCE inflation for July to come in line with the previous month at 0.2% and the Fed’s preferred gauge to measure inflation at 4.3%, rising 0.1% against last month’s core PCE data. In addition, the market forecasts 170k Jobs created in the U.S. in August, falling from 187k in July. The unemployment rate is expected at 3.5%. However, analysts believe the unemployment rate to increase due to the easing

An analyst from CryptoBusy predicted that AGIX, FET, and RNDR may see their prices rise substantially in the coming weeks. The analyst’s bullish outlook on RNDR, FET, and AGIX stems from the strong push in the AI market by NVIDIA. Technical indicators suggested that short-term momentum for the 3 altcoins was shifting in favor of bulls. The cryptocurrency market Analysis and education platform CryptoBusy predicted that SingularityNET (AGIX), Render (RNDR) and Fetch.ai (FET) may print substantial gains for investors in the coming few weeks as NVIDIA shifts their focus to AI. In the video, the analyst added that these altcoins will first need to break multi-month negative trends first. Render (RNDR) The analyst highlighted a bearish head and shoulders pattern that had formed on the cryptocurrency’s daily chart over the past few weeks. Furthermore, he revealed that RNDR’s price also broke through the “neckline” of the bearish chart pattern. According to

Also Read: France To Make Wholesale CBDC A Key To Digital Assets And Tokenized Assets advertisement Judge Torres effectively reopened the doors for XRP trading on US crypto exchanges thanks to her ruling that the token sale does not amount to securities. Hence, the token’s trading volumes rose significantly while the XRP price jumped by as much as 60% almost immediately. Gemini To Soon Relist XRP? On July 13, the exchange informed that it was exploring the listing of XRP for both spot and derivatives trading on its platform, considering the ruling in favor of Ripple . In a fresh hint, the official Twitter handle of Gemini commented with a ‘Thinking Face Emoji’, to a query on whether Gemini is going to relist the token or not. On the other side, Gemini cofounder and chief executive officer Cameron Winklevoss expressed bullish sentiment around Bitcoin accumulation. He said the great accumulation of Bitcoin began with the recent flurry of spot Bitcoin

VeChain is currently trading at $0.015 levels and is moving backward in the indices this month. VET is among the least-performing cryptocurrencies in 2023, as the digital asset is relentlessly shedding its value. It doubled in price in Q1, rising from a low of $0.015 to reaching a high of $0.032. However, it is now back to its early 2023 levels, as VET experienced more downturns than rallies in the last five months. Also Read: Shiba Inu: SHIB Price Prediction for September 2023 Source: Coingecko So, will VET shed its baggage and reach greener pastures in the next month? In this article, we will highlight how high VeChain may perform in September 2023. VeChain: VET Price Prediction September 2023 Source: Twitter Leading on-chain metrics and price prediction firm CoinCodex has painted a bearish picture for VeChain for September. Though VET could remain in the green next month at its current price, the margin is too slim to initiate a sell-off. According to the forecast, VE

Shiba Inu’s highly anticipated Shibarium network is back online after a rough start earlier this month. Although the layer-2 network is up and running, many are curious about the project’s new burn mechanism, which has yet to be unveiled. Investors have long pursued the goal of reaching $0.01. The “one-cent” dream, however, is not possible with SHIB’s current circulating supply. The project would need to significantly reduce its supply if it is to reach such a price point. The current burn mechanism, although working non-stop since early 2022, is not efficient enough to remove the number of tokens needed. Hence, the SHIB team had said that they would bring in a new burn mechanism for the Shibarium network. Also Read: Shiba Inu Burn Tracker Explains Why Burns Are Not Moving Prices The current burn mechanism has been kind of slow over the past few weeks, burning a few million tokens on a daily basis. According to the data on Shibburn, SHIB’s burn tracker, 104 million SHIB token

Some Pepecoin hopefuls eye a massive PEPE price rebound with on-chain data showing strong accumulation in recent days. Pepecoin (PEPE), once an extremely profitable memecoin , has plunged by more than 80% four months after its record high. Now, technicals suggest that the memcoin could be at risk of even bigger losses in the coming weeks or months. Pepecoin faces rug pull allegations On Aug. 24, several rogue Pepecoin developers changed the number of signatures required to move tokens from their multi-sig wallet from five-out-of-eight to two-out-of-eight. Then, they sent $16 million worth of PEPE to crypto exchanges, suggesting that they wanted to sell. A segment of market analysts viewed these mov as a hint of an impending "rug pull," raising fears that the PEPE price may crash to zero in 2023.  Another meme coin, another rug pull. Honestly what do you expect when you put your money on these scams?$pepe — Wolf (@IamCryptoWolf) August 26, 2023 Previous "rug pulls&quo

XRP Ledger (XRPL) is about to introduce its very own automated market maker (AMM), which could completely change the way holders interact with the network. The amendment, called XLS-30D, could bring a whole new dimension to the project. The introduction of an AMM on XRPL could prove to be extremely beneficial for the network. It would bolster liquidity for the token and other assets and allow users to explore diverse investment options. However, one of the biggest advantages could be the opportunity to earn passive income for XRP holders. Also Read: XRP Lawyer Explains Legality of Ripple’s Sales Outside the U.S. According to XRP community member Panos, this will be the first time holders will be able to earn income on-chain. If passed, $XRP holders will be able to earn, for the first time, income on-chain. #XLS30 #AMM https://t.co/nSiNHU2R1g — Panos 🔺 {X} 🪝 (@panosmek) August 27, 2023 Community members can act as liquidity providers on the AMM and earn LPTokens in retur

HashKey Offers Zero Trading Fees The introduction of zero trading fees across all trading pairs, effective immediately and until further notice, is a noteworthy highlight of this expansion. This change is anticipated to spark a spike in interest from traders looking for low-cost methods to conduct their cryptocurrency business. advertisement The risk disclosure included in the blog article demonstrates HashKey Exchange’s cautious stance. The exchange is aware of the risk involved with cryptocurrencies’ open-source, decentralized design. It acknowledges that the performance of the network might be impacted by the lack of cooperative adoption of technical innovations. Additionally, the exchange recognizes the ongoing competition in the market and warns that both BTC and ETH run the risk of being replaced by safer and more effective substitutes. This disclaimer comes as both BTC and ETH are facing serious bears due to the ongoing marketwide price correction. A cruc