CRYPTO INSIDER
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On the market since 2017. Market analysis and news from the world of crypto.

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πŸ€“Cryptocurrency exchange Kraken has filed a lawsuit against the plaintiff's complaint in the person of the SEC, which claimed that ADA, ALGO, ATOM, FIL, ICP, MANA, MATIC, NEAR, OMG and SOL are securities.

❗️Kraken also accuses the SEC of abuse of power.

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πŸ’° Polygon's POL token surges after Binance listing, marking end of MATIC migration

Polygon
's POL token spiked higher by more than 16% Friday morning.

The move appears to be related to POL being listed on Binance, the world's largest crypto exchange, and marks the unofficial end of the MATIC migration.

In July, Polygon announced the MATIC token would upgrade to POL on Sept. 4 after a year of community-led discussions.

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πŸ‘» Amid BTC growth to $60,000, the Crypto Market Fear and Greed Index has recovered to a neutral level (50).

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🏭 Residents of the Norwegian municipality of Hadsel have started receiving new electricity bills that have increased by $300 per year for each home as a result of the closure of the local mining enterprise Stokmarknes Datasenter.

β€’The mining company paid for 20% of all electricity supplies in the area, thereby subsidizing other consumers. With the miner gone, people's electricity bills naturally increased

β€’Ironically, the closure was the result of complaints from residents themselves about the excessively noisy operation of mining ASICs.

🫒Now it has become quieter, but more expensive

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πŸ€“ Binance has discovered malware that changes cryptocurrency withdrawal addresses

The malware is called Clipper and intercepts data from the clipboard.

When a user copies and pastes a wallet address for a transfer, the malware replaces the original address with the one specified by the attacker.

If the user completes the transfer without noticing the change, the cryptocurrency is sent to the attacker's wallet.

❗️Binance urged people to be careful with installed plugins and apps, especially on Android and computers, and to be careful with iOS.

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πŸ€–Artificial Intelligence Predicts Bitcoin Price by End of Year

OpenAI has unveiled its latest cutting-edge model, o1. To test its capabilities, the tool was tasked with predicting the price of Bitcoin (BTC) by the end of 2024.

β€’In its optimistic forecast, o1 believes that Bitcoin could β€œexperience significant upward momentum” with a rise above its all-time high. The conservative forecast suggests that BTC will be in the range of $80,000 to $100,000 by the end of the year.

β€’The pessimistic forecast indicates that the price of Bitcoin will be between $60,000 and $70,000 at the end of December 2024.

πŸ’‘The bullish forecast of the OpenAI AI model is based on several significant factors. The first two are the April halving and the launch of a spot Bitcoin ETF.

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πŸ€“Bitcoin Dominance Index is at its highest level since 2021

Bitcoin's market share has reached 58%, its highest in more than three years.

Traditionally, a decline in Bitcoin dominance is seen as the start of the "altcoin season" and vice versa - an increase in Bitcoin's share relative to the rest of the crypto market indicates the instability of alternative cryptocurrencies.

At the same time, the Ethereum to Bitcoin ratio has reached a new low, and the share of "ether" in the market is falling.

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πŸ’Έ Bitcoin started the week with a 3% drop, dropping below $58,400

🀨The decline occurred against the background of expectations of a possible reduction in interest rates by the Fed, which affected market sentiment.

😏 On Tuesday-Wednesday, we will find out exactly how much the rate will be reduced (25 bp 70% probability, 50 bp 30% probability)

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😎6 Tips to Become a Better Crypto Speculator

1️⃣Choose an exchange. Understand the interface, liquidity, fees, etc. Make sure your funds are safe (as much as the exchange can) and you can withdraw your profits quickly.

2️⃣Stick to a plan. Create a strategy and stick to the trading rules. Stop trading if your rules say so.

3️⃣Use limit orders. Everyone needs to sleep sometimes, a limit order will lock in profits or protect you from big losses while you rest.

4️⃣Lock in losses. Closing losing trades helps avoid big losses. If the market goes against you, there is no point in becoming a hodler

5️⃣Trade top coins. They have more liquidity and it is easier to calculate the reaction to news. The more dubious the token, the more your trading resembles a casino.

6️⃣Be emotionally neutral. Evaluate cryptocurrencies based on market data, not personal preferences.

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Donald Trump's World Liberty Financial to Sell Its Tokens Under SEC Oversight

β€’63% of WLFI tokens are allocated for public sale, 17% will be used to reward users, and the remaining 20% ​​will be used for the team's needs.

β€’WLFI is a non-transferable governance token for the World Liberty Financial lending platform.

β€’The token will be sold under Rule 506(c) of Regulation D from the SEC. This rule allows unregistered securities to be sold in the United States, but only to accredited investors.

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πŸ’« dYdX plans to launch a leveraged prediction market

The tool will allow betting on the outcome of specific events, from sports to politics. The product will use perpetual futures.

Augur, launched in 2018, was the first prediction market platform. But it did not become popular due to high Ethereum fees and lack of liquidity. PolyMarket is currently the largest such platform.

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πŸ€“Wintermute Announces New On-Chain Prediction Market

The platform will support Ethereum, Base, and Arbitrum networks.

❗️The project will allow trading in TRUMP and HARRIS tokens.

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πŸ” Google announced the launch of a new service Blockchain RPC

Remote Procedure Call- the service is fully compatible with the Ethereum JSON-RPC standard, which allows Web3 developers to easily integrate it into their applications.

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😎Two former Coinbase executives to launch new crypto exchange TrueX

The platform's main stablecoin will be PYUSD from PayPal. Other stablecoins will also be added later.

The founders of the project were Vishal Gupta, who was the head of the exchange at Coinbase and oversaw the launch of the USDC stablecoin, and Patrick McCreary, who held the position of senior engineer at Coinbase.

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😎Donald Trump decided to hype himself up once again and bought burgers for Bitcoin at the New York bar PubKey πŸ”

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πŸ‡ΊπŸ‡Έ The US state of Louisiana has begun accepting crypto as a legal form of payment for government services.

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πŸ“Š Bitcoin returned to levels above $63,000 β€” the first cryptocurrency's daily growth was more than 5%.

Over the past 24 hours, traders' positions worth $200,000,000 have been liquidated, most of whom are short sellers.

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Earning $FOOD is a new way to live 😎

Cats&Dogs
: Farm, Rally, and Make a Difference! 🐢

New charity project where you get to choose either dogs or cats, and support your favorite animal. Bring your friends together, and let's decide once and for all who is the bestest boy 😾

πŸ₯™ Join bot here

What to do? Farm $FOOD, rally users to join your side, and support your team in this good-spirited rivalry!

Do good while having fun! Learn more about the project in their Telegram and Twitter ✨

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πŸ€“ Unknown hackers hacked the BingX exchange

The company reported that a hot wallet was hacked, but did not specify the amount of losses.

πŸ‘€It is assumed that about $20 million was stolen.

πŸ’‘BingX is currently undergoing maintenance, and the withdrawal and deposit time has been increased to 24 hours.

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πŸ“Š Kamala is again ahead of Donald by 5% on Polymarket.

πŸ˜€Cryptoburgers haven't pumped yet.

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