Chain News Official TheBitTimes.com

As September approaches, the anticipation builds for a bullish trend in the crypto markets, particularly in October, which is traditionally a strong month. Investors are eagerly watching for market movements, especially in the meme coin sector, where several promising projects are poised for potential gains. With expectations for a bullish October, now might be the ideal time to accumulate these assets before prices start to rise. Coins like Pepe, TopG1500, Pepe Unchained, Bonk, and Brett are drawing attention with their innovative approaches and strong community backing. As market sentiment shifts, these projects could see substantial growth, making the next few weeks critical for strategic investments. Pepe (PEPE) As September arrives, attention is drawn to the potential for significant gains in meme coins, with Pepe standing out as a top contender. Having emerged as a prominent figure in the meme coin space , $PEPE quickly garnered attention, reaching an impressive market cap of...

Zach Abrams and Sean Yu | Source: Bridge Bridge , a newly established fintech startup, has raised $58 million in funding to enhance the role of stablecoins in global payments. The company, co-founded by former Square and Coinbase executives Zach Abrams and Sean Yu , aims to develop a comprehensive stablecoin payment network that could rival traditional systems such as SWIFT and credit cards. Funding and Backing The $58 million in funding includes a recent $40 million investment from prominent venture firms Sequoia and Ribbit. Additionally, Index Ventures and blockchain-focused Haun Ventures have contributed. This robust financial backing underscores the confidence investors have in Bridge’s potential to transform the payment landscape. https://t.co/r9Wblc7UEk — Bridge (@StableCoin) August 29, 2024 In a statement to Fortune , Abrams highlighted the company’s focus: “Fintech is deeply rational. If you can do something that is faster, cheaper, and more...

The Shiba Inu price dropped by a fraction of a percentage in the last 24 hours to trade at $0.00001401 as of 03:45 a.m. EST on trading volume that dropped 4% to $196 million. This comes as a prominent Shiba Inu lead developer, famous under the pseudonym Shytoshi Kusama, addressed the meme coin community on the X social media network as he celebrates the SHIB token’s significant new exposure on Kraken. 😇 https://t.co/h2ujVqxAu7 — Shytoshi Kusama™ (@ShytoshiKusama) August 29, 2024 Kusama shared a tweet published by Kraken, which says that SHIB has now been added as new collateral for futures traded on Kraken Pro. According to the tweet, SHIB can now be used to access more than 200 perpetual futures contracts on Kraken. Shiba Inu Price Bulls Aim For A Bullish Reversal According to GeckoTerminal data, the Shiba Inu price has been on a downtrend since August 25, when the bears took control of the price at $0.00001601. SHIB then found support around $0.0000...

A closely followed crypto analyst says that Ethereum (ETH) is on the brink of a swing to the upside while updating his outlook on Bitcoin (BTC) and decentralized finance (DeFi) altcoin Maker (MKR). In a new strategy session, crypto trader Ali Martinez tells his 69,00 followers on the social media platform X that the top smart contract platform by volume appears ready to break out of its ascending triangle pattern – only to see a decline. “Ethereum might be on the verge of breaking out of an ascending triangle, which could lead to a decline towards $2,430. However, this bearish outlook would be negated if ETH closes above $2,560.” Source: Ali Martinez/X Ethereum is trading for $2,582 at time of writing, a 4% gain during the last 24 hours. Moving on to the crypto king, Martinez says that the Tom DeMark Sequential Indicator – or a metric traders use to identify potential points of reversal for an asset – appears to be flashing a sell signal on BTC...

By Jaleel, BlockBeats Source: https://www.theblockbeats.info/news/54275 Before meeting me, xiaoze had just finished a meeting with a client, discussing the sale of the source code for a small game he developed. Compared to last year, xiaoze's demeanor was completely different this time—no longer dejected but instead ambitious, like a teenager reborn. Last year, he confided in me his confusion and helplessness while working on a large-scale blockchain game project. "I've been in the blockchain game industry for three years and haven't achieved anything. This is very different from my initial ideals when I entered the field. It might be a midlife crisis. I'm over thirty and haven't accomplished anything significant; it's quite a failure." More than half a year later, he finally regained his composure, smiling throughout our conversation. Recently, many game development platforms on the TON chain have contacted them, wanting to buy their small game's ...

Ripple’s native token, XRP, is trading around the $0.57 mark on Wednesday. A sudden slump in the charts turned its price bearish, leading to losses for investors who took an entry position early this week. Let’s dive deeper into this price prediction. It’s down nearly 5% in the last seven days and could continue to head south during the weekend. The development pressures XRP’s price as bearish indicators lead to a dip in investments. Also Read: BRICS: Analyst Warns of a Major U.S. Dollar Crash However, leading price prediction and analytical firm Finder has revised its forecast for Ripple’s XRP. While the altcoin is currently bearish, Finder has painted a bullish picture for the long term. According to Finder, investors who take an entry position today could make stellar profits in the coming years. Also Read: Cryptocurrency: Hex Falls Into the Abyss Ripple Price Prediction: XRP Poised To Reach $2.5, Says Finder’s Panel Source: Twitter The Finder...

In this episode, we discuss with Solv co-founder Ryan about the market concerns arising from the transfer of WBTC control, alternatives to WBTC, and the potential of BTCFi. Ryan believes that while WBTC will continue to exist, it may lose recognition in certain DeFi protocols in the future. The three major alternatives are exchange-issued Bitcoin, trusted custodial Bitcoin reserves, and decentralized reserve solutions. SolvBTC stands out by establishing a standardized approach that reduces friction for users, enhancing their experience within the BTCFi ecosystem. Ryan also emphasized that the challenges of BTCFi lie in trust and yield scenarios, and WBTC’s early success was driven by its usage scenarios and yields. Solv is actively collaborating with leading protocols like Babylon and Ethena to open up more yield opportunities for Bitcoin users, driving the robust growth of the BTCFi ecosystem. The audio transcription was done by GPT and may contain errors. Please listen to the full po...