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Cryptocurrency ↪ Inside ⚠️ Crypto News ⛓ Onchain analytics 🗓 Market updates/insights Admin : @Mark_CryptoInside Twitter : https://twitter.com/Crypto_Inside_ MediaPartner: @Bitcoin_Insights

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🧬 JUST IN: Rune Christensen, co-founder of Sky (formerly Maker) suggests a decentralized court could oversee the freeze process for their new stablecoin, USDS.

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Today, Nvidia saw its market capitalization drop by $278 billion (-9.5%). 📉

This massive decline follows the US Department of Justice ramping up its investigation into Nvidia and issuing a subpoena to explore potential antitrust violations. 🧐

The fallout from Nvidia’s drop has extended to other major "big seven" companies, which collectively lost about $0.5 trillion in market capitalization. 💰🙀

👀 The crypto market hasn’t been immune either; Bitcoin dipped below $56,000 and is currently trading near that level. In the past 24 hours, $170 million in long positions have been liquidated.🤷

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NEW: 💰 $108 billion investment firm VanEck is predicting a $2.9 million #Bitcoin price by 2050

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🇸🇻 El Salvador continues to buy the dip 🙌

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Anybody else know the feeling?

🐳 - So me
⚡️ - No, I'm lucky


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🔗 JUST IN: Ripple to integrate smart contracts into XRP Ledger, enhancing its capabilities with EVM compatibility and aiming to attract developers and expand use cases.

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TON Accelerator and TON Ventures have announced the launch of the TON Accelerator: Acc.

💰 This $2.5 million incubation program will support 5 startups working on the TON blockchain. Selected projects will get 3 months of growth support, funding, and expert assistance.

🔨 Oh, and CoinMarketCap is fixed now—TON is showing a current price of $5.16. 😉

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Ethereum Layer-1 Revenue Collapse: What's Behind the Drop? 📉

👀 Since the Dencun upgrade on March 13, 2024, Ethereum's layer-1 network revenue has plummeted by 99%! Despite a surge in layer-2 (L2) user activity and transactions—both doubling since March—fees for layer-1 transactions have dramatically dropped from $35.5M to just $578,000. 🙀

The Dencun upgrade, aimed at reducing layer-2 fees, has led to an explosion of competing L2 solutions. With 74 L2 and 21 layer-3 projects now vying for users, the race to offer the lowest fees has intensified, driving more activity off the Ethereum base layer. 🧐

This fierce competition has driven transaction costs down, counteracting the deflationary effects of EIP-1559 and causing a steady increase in ETH supply. Therefore, Ethereum has ceased to be a deflationary asset, which can negatively affect its price. 🤷

Is the L2 boom causing Ethereum’s base layer to suffer? 🤔🔍

🤝 @Cryptocurrency_Inside

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THROWBACK: 💰 Preston Pysh explains how a $500K+ #Bitcoin is possible because of the conviction of HODLers who know what they own

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😇 Charles Hoskinson has been found!

He is ending his vacation and thanking everyone who has been there for him over the past decade.

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$SOL has been down for 9 days straight, a record for Solana

After 8 red days, it previously bounced back with +10.75% and +14.22%.

Will $SOL break the resistance ahead?

🔥 - Yes, hopefully
⚡️ - No


🤝 @Cryptocurrency_Inside

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🇯🇵 NEW: Metaplanet, a leading Japanese Bitcoin investor, has partnered with Ripple’s associate SBI VC Trade to enhance its Bitcoin trading, storage, and financial strategy.

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NEW: 💰 Jack Mallers explains how having #Bitcoin as a strategic reserve asset brings ‘hope, optimism and the ability to place a premium on the price of tomorrow.’

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🥇 $5.5 TRILLION Fidelity says that Bitcoin could go as high as $1 BILLION by 2038 🚀

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🇺🇸Bitwise Ethereum ETF: New Fund Ad Appears on Wall Street

The move highlights the growing interest of institutional investors in cryptocurrencies, especially amid the increased focus on Ethereum as a platform for decentralized applications and smart contracts.

Advertising on one of the most influential financial streets in the world is not just a marketing ploy, but also a signal that cryptocurrencies continue to gain a foothold in the traditional financial system.

💡It is no surprise that more and more investors are looking to take a position in this market.

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https://x.com/Crypto_Inside_/status/1831215945076859005?t=lc64-18lLrrplWOGN98V8g&s=19

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JUST IN: 🇺🇸 FBI warns that North Korean hackers are attempting to steal #Bitcoin and crypto funds from the ETFs 👀

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Over half a TRILLION dollars have been erased in market cap today by the Magnificent 7.

The last time we saw stocks erase this much, the total crypto market cap saw a ~30% correction between Jul 22 - Aug 5.

Do you think history will repeat itself? 👀

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JUST IN: 💰 Bitcoin's hash rate hit a new ALL TIME HIGH 🚀

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NEW: 💰 $6B in shorts will be liquidated when #Bitcoin hits $65K

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NEW: 💰 Bitcoin miners sold 2,655 $BTC in the last two days 👀

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✊August saw the lowest cryptocurrency losses to scams since January 2021 (around $4.8 million, after $10 million was returned to Ronin Network)

👀However, this result is overshadowed by two scary phishing cases in August, which cost users $293 million.

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TON Crashes 94%! 😱

TON has dropped to $0.30
on CoinMarketCap 📉

It's not even showing in the top 10! But don’t worry, it’s just another network glitch. 💻😵‍💫

➡️ @Bitcoin_Insights

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JUST IN: 🚨 FTX will start repaying $16B to creditors in Q4 2024

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Elegant Scam 🕺

🤠 Frontier recently converted their $FRONT tokens to $SLF as part of a rebranding effort.

▪️ The conversion was 1:1, but the total token supply increased fourfold!

Interestingly, only 11 wallets voted on the rebranding proposal, with no votes against it.

A single whale held 99% of the votes 🐳

Ah, the wonders of decentralization! 😁

🤝 @Cryptocurrency_Inside

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At the end of August, Bitcoin decreased by 8.6%, while Ethereum fell by over 22%. 📉

As is often the case, the summer season proved to be a challenging period for the cryptocurrency market. 🤷

🤝 @Cryptocurrency_Inside

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📉 Over the past year, the top 10 memecoins have taken a hit, with an average price drop of 63.73% from their all-time highs, according to Lookonchain analysts.

Do you still have memecoins?

⚡️ - Yes, I do
🔥 - Sold them all.
🐳 - Never bought any.

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🇺🇸 Bitcoin usually pumps after US presidential elections

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🧐Over the next 50-100 days, BTC may show a large increase in price.

•This surge will correspond to the cycles of price changes after halving, which happens every four years.

•Previous Bitcoin halvings caused a rise to new historical highs a few months after the supply was reduced and new coins were issued.

❗️This year there is no reason to believe that the situation will not repeat itself.

💡After the US Securities and Exchange Commission (SEC) approved Bitcoin-based exchange traded funds (ETFs) in January 2024, BTC reached a new historical the maximum was at the level of $73,750.

•After halving, the cryptocurrency did not show any significant results, however, they can be achieved in the last quarter year. Over the past seven days, Bitcoin has fallen by 8.5%, and over the past 30 days – by 10.47%.

•Relative to its historical maximum, BTC lost 20.13%, and its maximum in August reached $65 593.24.

➡️ @Bitcoin_Insights

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📊 Statistically September is the weakest month for $BTC Be prepared for some nasty local dumps!

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