Features Crypto News by Thebittimes.Com

Staked USDT (stUSDT), a protocol that supposedly invests in US Treasury securities to pay yields to users who ‘stake’ their tether tokens, has seen its utilization on Ethereum collapse as Justin Sun-owned Poloniex has exited its position, according to onchain data.  Staked USDT is a token that has historically been used by entities and wallets closely connected to Sun, representing a majority of all tethers in reserves at HTX, a cryptocurrency exchange he advises. Additionally, on Ethereum, huge portions of this token were controlled by 0x176F3DAb24a159341c0509bB36B833E7fdd0a132, an address that was previously tagged as “Justin Sun 4” on Etherscan but is now tagged as “Poloniex 9.” On-chain data shows Justin Sun controls virtually all stUSDT Read more: WBTC supply contracts this month following Justin Sun custody drama Poloniex’s abject refusal to complete a proof-of-reserves, despite Sun’s repeated promises and insistence on its importance, m...

The Book Of Meme price surged more than 16% in the last 24 hours to trade at $0.01014 as of 11:24 p.m. EST as investors FOMO buy the meme coin. With the recent uptick in the BOME price, the crypto was also able to push its weekly performance back into the green. As a result, the meme coin is now up 11% over the last 7 days as well. The Book Of Meme Price Breaks Resistance 4-hour chart for BOME/USD (Source: GeckoTerminal ) The Book Of Meme price rose above the major resistance level at $0.00938 in the last couple of hours and is attempting to break above the next technical obstacle at $0.01047. Should the meme coin successfully break above this threshold in the next 12 hours, it could keep climbing to potentially reach as high as $0.01150. On the other hand, a rejection from the $0.01047 resistance in the next 8 hours could invalidate the bullish thesis. In this alternative scenario, the Book Of Meme price might end up falling below the recently-breached $0.00948 mark and possi...

Robert Kiyosaki, the prominent investor and famous author of the best-selling personal finance book ‘ Rich Dad Poor Dad ,’ has been an ardent proponent of Bitcoin (BTC) since at least 2017. He has also been recommending cryptocurrency, which he has termed the ‘people’s money,’ both in the leadup and throughout the 2024 bull market. Most recently, Kiyosaki again took to X – as he frequently does – to share his opinion on what savvy investors ought to do during the month of ‘Uptober.’ Specifically, the author urged his followers to buy the coin, saying it is either that or ‘Bye-Buy.’ Picks for you Analyst sets the blueprint for Bitcoin’s next 'parabolic rally' 18 mins ago Gold is now most overbought in 5 years; Is it tim...

A closely followed crypto strategist and trader thinks Ethereum (ETH) is gearing up to ignite big breakout rallies. Pseudonymous analyst Inmortal shares a chart with his 217,500 followers on the social media platform X suggesting that Ethereum will see one final dip before sparking a 75% surge to his target of $4,100. “Call me crazy, but I think ETH is a good SPOT trade here. Slower than SOL, but safer.”  Source: Inmortal/X Zooming in on Ethereum, Inmortal notes that ETH has already broken out of its horizontal resistance on the low time frame. “ETH showing the way. Classic consolidation below resistance + higher lows.”  Source: Inmortal/X At time of writing, Ethereum is trading for $2,668. Turning to Ethereum challenger Solana, Inmortal shares a chart suggesting that SOL is mirroring its 2021 price action when it witnessed a lengthy consolidation period before a massive eruption. “SOL.”  Source: Inmortal/X In 2021, SO...

The city of Nancy has officially opened the trial of the ‘Red Card’ scam case, which saw over a thousand victims, including some of France’s top football clubs, lose €28 million ($30 million) through fake cryptocurrency and diamond investment schemes, Twenty-two defendants appeared in the city’s convention center on Monday to hear opening statements. The venue was chosen because a courtroom couldn’t accommodate the 850 victims represented at trial — one of whom lost €400,000 ($433,000) to what they believed was a “diamond savings plan.” Some even received fake diamonds, worth pennies compared to their investments. The defendants, aged between 28 and 73, are accused of opening 199 bank accounts across 19 countries in order to fund diamond and crypto fraud schemes between 2016 and 2018. ‘Red Card’ case fooled top football teams The Red Card case — ‘Carton Rouge’ in French — was dubbed for swindling...

The Dogecoin price prediction has shown strong bullish momentum recently, breaking through key resistance at $0.140 and continuing upward. Dogecoin Prediction Statistics Data: Dogecoin price now – $0.145 Dogecoin market cap – $20.6 billion Dogecoin circulating supply – 146.4 billion Dogecoin total supply – 146.4 billion Dogecoin Coinmarketcap ranking – #8 It’s often recommended to get involved in crypto projects as early as possible, especially considering how some tokens have surged since their inception. Take, for example, Dogecoin’s journey: from its all-time low of just $0.0005052 on May 7, 2015, it has skyrocketed by an impressive 162,206.04%. Even with current market fluctuations, where its 24-hour range sits between $0.1384 and $0.1495, the token’s growth trajectory highlights the potential long-term value early investors can reap. While it’s down 81.19% from its all-time high of $0.7376 in May 2021, such volatility i...

The Mog Coin price surged 9% in the last 24 hours to trade at $0.000002216 as of 00:21 a.m. EST on trading volume that jumped 69% to $39 million . Mog Coin Price On A Continued Bullish Rally According to data from GeckoTerminal , the Mog Coin price surged significantly in October. The bulls sustained the rally within the rising channel pattern and took control of the price at the $0.000001273 support zone. The continued surge has resulted in the price of Mog Coin trading above both the 50-day and 200-day Simple Moving Averages (SMAs), confirming the bullish rally. Moreover, the Relative Strength Index (RSI) seems to be returning to the 50-midline level, currently at 61. MOG price is still above the lower boundary of the rising channel, which shows that the price may correct slightly before a surge in the coming days. Meanwhile, the Moving Average Convergence Divergence (MACD) is also positive, with the blue MACD line crossing above the orange signal line, creating a bullish cross...