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One of yesterday’s trending news stories on X was a supposed reminder that today, September 30, would be the day that FTX bankruptcy creditors would receive approximately $16 billion. Like many breaking headlines on X, however, that is entirely untrue. Posts about the supposed payouts and the ostensible distribution of FTT liquidity earned hundreds of thousands of impressions and thousands of likes. Undeterred by fact checks, traders bid up the price of FTX’s proprietary token, FTT, from less than $1.40 on Saturday to a high of $2.71 on Sunday. Although FTX’s bankruptcy estate has announced plans to make distributions during the fourth quarter, there are no distributions happening this week. The next earliest date that distributions could occur would be after the bankruptcy plan confirmation hearing on October 7 in the US Bankruptcy Court for the District of Delaware. $FTT pumped 115% in the last 24 hours   The reason behind this pump is that a news started to come that #FTX dist...

Top US-based crypto exchange Coinbase believes digital assets are just warming up for big rallies in the months ahead. In a new research report, Coinbase Institutional says the recent change in the macroeconomic backdrop suggests that Bitcoin (BTC) and crypto are primed for a Q4 surge. Coinbase says the Fed and the People’s Bank of China (PBOC) are now pursuing looser monetary policies – conditions that have historically been supportive of higher crypto prices. “Looking ahead, we retain a constructive outlook for 4Q24 mostly predicated on our favorable view of the current macro environment, alongside the idiosyncratic factors listed above. For example, just last week, we argued that one of the most significant implications of the Fed decision to cut 50bps (basis points) is that this provides cover for other monetary authorities to take more stimulative measures. This has been followed by China revealing a massive double fiscal and monetary stimulus p...

Cryptocurrency analyst Kevin Svenson believes Bitcoin (BTC) and altcoins will witness big upside bursts for the rest of the year. In a new video, Svenson tells his 79,800 YouTube subscribers that Bitcoin and altcoins are poised for more gains over the coming weeks and months. According to Svenson, the altcoin market cap appears to be repeating a pattern witnessed in the last cycle, when it took 157 weeks before igniting a massive breakout rally. “The altcoin market cap has been consolidating for the entire year. In the beginning of 2024, the altcoins had a huge run into March, gave up all of their gains and now have started to recover. The altcoin market cap is beginning to break above resistance… Around 10 weeks from now, we’re going to be breaking the lower high [total altcoin market cap of $820 billion], which means a lot of altcoins have tremendous growth coming from now into November. So Q4 is looking solid for the altcoins and for Bitcoin for th...

Deltec Bank and Trust has reportedly sold its lines of business to Britannia Bank and Trust; both banks have served Tether and operate in the Bahamas.  According to the Nassau Guardian’s interview with Britannia’s chairman Julian Francis, it is not acquiring Deltec, just Deltec Bank’s business lines. Deltec Bank CEO Odetta Morton repeatedly noted that she believes this “will result in an optimal path for continuing to deliver best-in-class service, technology, and access to global markets.” The curious case of FTX and Farmington State Bank, aka Moonstone Read more: Executive texts claim Deltec moved customer funds from FTX to Alameda At one point, Deltec Bank was one of the most important banks in the crypto ecosystem, providing Tether a link to the banking system after most banks refused to do business. It also provided a convenient service to many other cryptocurrency entities. Indeed, it was Deltec executives and leaders who collaborated with F...

The Impact of Bitcoin ETFs on the Crypto Market! Introducing Bitcoin ETFs is a milestone that could reshape the cryptocurrency landscape. With major financial institutions backing this innovative financial product, Bitcoin ETFs are poised to create a ripple effect across the crypto market. What is a Bitcoin ETF? An Exchange Traded Fund (ETF) is a financial product that tracks the price of an underlying asset, such as commodities, stocks, or in this case, Bitcoin. Unlike buying Bitcoin directly, an ETF allows investors to gain exposure to Bitcoin without the need to handle it or manage a cryptocurrency wallet. Bitcoin ETFs offer a simplified, secure way to invest in Bitcoin through traditional stock exchanges, allowing traders to buy shares of the ETF just as they would any other asset. This combination of ease and familiarity is one of the primary reasons why Bitcoin ETFs are gaining traction among institutional and retail investors alike. Boosting Institutional Adoption The launch of ...

Pepe Unchained‘s presale has raised an impressive $15.3 million to date, solidifying its position as one of the most sought-after meme coin offerings. The momentum surrounding Pepe Unchained is reminiscent of other major players in the crypto space, leading many investors to draw comparisons. The enthusiasm is fueled by the upcoming bull market, which is expected to trigger widespread gains across the market. As attention shifts to smaller tokens with high marketing potential and solid communities, Pepe Unchained is well-positioned to capitalize on this trend. In addition to the positive market sentiment, substantial whale transactions are also driving interest in Pepe Unchained. Large purchases, including a notable transaction of 23.4 Ethereum, reflect a growing conviction in the token’s potential for substantial future returns. The presale is on track to surpass the $16 million mark in no time, and investors still have the opportunity to purchase $PEPU tokens at $0.0098...

Avalanche AVAX has witnessed a substantial surge over the last week, rising 20% in price on the charts. Following its huge gains as part of the crypto boom in March 2024, AVAX saw a strong decline and was struggling to recover. However, the asset is beginning a long-waited rally on a strong note. Trading volume around AVAX is up 50% in the last 24 hours. Furthermore, the market cap for AVAX is up to $11.1B, putting it in 12th place on the cryptocurrency charts by market cap. Now that it has breached the expected $24 resistance level, the next steps are for AVAX to reach $33, which could happen by this weekend. According to the Relative Strength Index (RSI), buyers are now in a favorable position in the market. This positive momentum is critical for AVAX to bypass higher resistance levels. Furthermore, Avalanche AVAX’s open Interest rates and social media engagement have been increasing. This indicates that traders are more confident with Avalanche, and are gaining interest in the ...

As the crypto market evolves, today’s top gainers are making headlines with impressive price surges and innovative Features . Celo leads with a 17.78% rise ahead of its Alfajores Layer-2 testnet launch, enhancing decentralized app accessibility. Sui Crypto follows closely, climbing 14.80% thanks to the Grayscale Sui Trust, drawing substantial institutional interest. Space ID, reshaping digital identity management, has surged 13.87%, reflecting the demand for Web3 domain solutions. Lastly, SuperVerse, a unique blockchain gaming ecosystem, is up 7.62% as players flock to its offerings. These tokens are thriving and set to make a significant market impact, encouraging further exploration.   Biggest Crypto Gainers Today – Top List As we dig deeper into the top gainers, we’ll explore how Celo is championing financial inclusion through its eco-friendly blockchain. Moreover, Sui Crypto pushes the boundaries of Layer-1 platforms with its object-centric design. In addi...

The Chief Legal Officer (CLO) of the DeFi Educational Fund shared her optimism about the increasingly positive sentiment surrounding cryptocurrencies during an appearance on the Thinking Crypto podcast. She highlighted the recent U.S. Congressional hearing on DeFi, noting that more people are beginning to view the technology in a favorable light. At the same time, altcoins exhibit signs of stabilization, forming a higher low pattern. This suggests a decrease in selling pressure. With key price floors established, altcoins seem to be entering a low-volume, range-bound trading period, which could indicate the beginning of a slow upward trend in the altcoin market. Given these developments, investors are searching for affordable tokens, particularly the best cheap crypto to buy now under 1 dollar , which requires time and effort. 5 Best Cheap Crypto to Buy Now Under 1 Dollar JasmyCoin (JASMY) has seen notable price increases recently, currently trading at $0.022095 after a 5.58% rise i...

El Salvador is the first country to officially accept Bitcoin as legal tender, ushering in a new financial era. President Nayib Bukele made cryptocurrencies legal in 2021, and El Salvador’s central bank now holds 5,748 BTC in its reserves. Bitcoins’ worth now stands at a whopping $363,836,214, while BTC is trading at $63,297. However, despite being the flag-bearer of Bitcoin and cryptocurrencies, El Salvador residents are only learning about their usage. Transactions are mostly settled in the US dollar, while only a handful of them use cryptocurrencies. Widespread use of cryptocurrencies is yet to be a reality in El Salvador despite it being an official tender. Also Read: Gold Kickstarts Rally: Targets $2,700 Just 1.1% of Remittances Are Being Made in Bitcoin & Cryptocurrencies in El Salvador: Central Bank Report Source: BuyUcoin The Central Bank of El Salvador published the latest report showing that only 1.1% of all remittances are done in Bitcoin and cryptocurrencies. The...

Crypto analysts predict renewed interest in meme coins around Q4, sparking excitement as Crypto All-Stars raises over $1.5 million in its presale. The recent surge in the crypto market can be attributed to the Federal Reserve’s significant decision to cut interest rates by 0.5% for the first time since March 2020. Additionally, BlackRock, the largest asset manager globally, has expressed increased support for Bitcoin by releasing a whitepaper that highlights it as a ‘unique diversifier’ against monetary and geopolitical risks. These interest rate cuts and BlackRock’s endorsement have positively influenced market sentiment, evident in the crypto Fear & Greed Index as it shifts away from extreme fear. As a result, investors are turning their focus to new crypto projects during this rally, including the Crypto All-Stars presale, which has gained traction in the crypto community with its upcoming unified meme coin staking protocol. Maximizing Rewards through ...