Chain News by Thebittimes.Com

Tether released its assurance opinion for Q2 2024, revealing record-breaking profits of $5.2 billion in the first half of 2024. The USDT stablecoin issuer revealed the second quarter of 2024 marked a significant milestone in net operating profit of $1.3 billion. According to Tether , it’s their best result ever. JUST IN: Tether reports record-breaking profit of $5.2 billion for the first half of 2024. — Watcher.Guru (@WatcherGuru) July 31, 2024 Q2 also revealed “an unprecedented achievement in direct and indirect ownership of U.S. Treasuries, surpassing $97.6 billion, a new all-time high” according to the Tether press release. Tether ’s Group Equity increased by $520 million after considering the drop in BTC prices. Furthermore, the company says that part of the profits of the second quarter were reinvested in strategic projects. These projects support the Tether ecosystem while maintaining a sizable amount of excess reserves ($5.3 billion) to further t...

Popular crypto YouTuber Austin Hilton reviewed Pepe Un chain ed, which recently surpassed $6 million in presale, fueled by excitement over its layer-2 (L2) block chain . L2 is a technology built on the Ethereum network to enable faster, cheaper transactions, making Pepe Un chain ed the first Pepe token on its own chain . With its presale’s success, the growing interest in meme coins reveals their potential to disrupt traditional financial systems and the market’s hunger for innovative projects that deliver genuine utility alongside their meme appeal. Pepe Unchained – Advancing Meme Coins Through Layer-2 Efficiency and High Staking Rewards Given the strong demand for meme coins, Pepe Un chain ed is setting itself apart with an innovative approach to address the limitations of typical utility-less tokens. The project will introduce its own L2 block chain , fully compatible with Ethereum but offering notable advantages. While Ethereum meme coins often face high tradi...

As the cryptocurrency market continues to evolve, investors and analysts alike are turning their attention to promising tokens that could lead the next wave of growth. Among these tokens, Cardano (ADA) and Mpeppe (MPEPE) are gaining significant traction. Analysts predict that both of these cryptocurrencies could skyrocket by 100%, dominating the market in the coming months. Cardano (ADA): Preparing for a Major Leap Cardano (ADA) is currently trading at $0.411165 USD, with a market cap of $14.76 billion USD. The 24-hour trading volume stands at $305.26 million USD, with Cardano (ADA) showing a positive change of 0.62% in the last 24 hours. These numbers underscore the growing interest and confidence in Cardano’s potential. Recent Developments in Cardano (ADA) The Cardano (ADA) network is on the brink of a major upgrade with the upcoming Chang-Hardfork. This hardfork is part of the transition to the Voltaire era, which aims to introduce decentralized network governa...

As he continues to warn about the nationwide crisis that he believes is about to sweep the United States, Robert Kiyosaki has predicted that the collapse will begin in California for a number of reasons and then spread across the rest of the country, with other states to follow. Specifically, the popular investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad’ has referred to California as a “bell-weather [sic] state,” explaining that it means “what happens in California happens to the rest of the US,” according to his X post on July 30. California is a BELL-Weather state. That means what happens in California happens to the rest of the US. The problem is California is going broke. California will begin raising taxes and cutting subsidies to the poor, to prisons, environmental problems, and teachers unions.… — Robert Kiyosaki (@theRealKiyosaki) July 29, 2024 Indeed, Kiyosaki was referring to the term “bellwether,” which the Cambridg...

The Neiro price plummeted 46% in the last 24 hours to trade for $0.01743 as of 09:30 a.m. EST. The NEIRO token’s dump comes amid controversy over insider buying, with reports that the project’s developer made up to 5,169X profit. On-chain detective Lookonchain reported that the developer initially invested 3 SOL worth $552 to purchase 97.5 million Neiro tokens. The developer then sold 68 million Neiro tokens for 15,511 SOL, equivalent to approximately $2.85 million. This happened on multiple wallets, achieving a realized profit of 15,508 SOL ($2.85 million), representing a gain of 5,169 times the initial investment. The dev of $Neiro has made 15,508 $SOL($2.85M) with only 3 $SOL($552), a gain of 5,169x!😱 He spent 3 $SOL($552) to buy 97.5M $Neiro when deploying $Neiro. Then he sold 68M $Neiro for 15,511 $SOL($2.85M) through multiple wallets, with a realized profit of 15,508 $SOL($2.85M).… pic.twitter.com/0PBP6gpJ0e — Lookonchain (@lookonchain) July...

Do you remember the 2020 altcoin bull run? And more importantly, do you remember what happened right before that? If you forgot, let’s remind you that right before the explosion of the altcoin market back in 2020, Ethereum ($ETH) recorded a downward trend for days. But after a challenging period, $ETH suddenly exploded, experienced a significant surge, and pleasantly surprised the crypto community. What does this have to do with the current situation in the crypto market? Crypto Jack, one of the most respected crypto experts, compares the current period to 2020 and observes a similar pattern, believing that a similar scenario could happen again! He thinks the recent $ETH price drop is the first indicator suggesting that the 2020 altcoin bull run is back and that several other altcoins, along with $ETH, are set for impressive value growth! ...

XRP and Stellar (XLM) are often considered competitors in the crypto currency market due to their shared focus on revolutionizing the financial industry. Both crypto currencies aim to provide alternatives to traditional financial systems, but they cater to different segments. This shared mission of improving financial transactions places XRP and XLM in direct competition, making them two of the industry’s most closely watched digital assets. In this regard, Finbold turned to OpenAI’s most recent artificial intelligence (AI) tool, ChatGPT-4o, to gather insights on which crypto might be ideal. Picks for you 2 crypto currencies to reach $50 billion market cap in August 16 hours ago Bullish letter: Democrat politicians urge the par...

Macro guru and Real Vision CEO Raoul Pal believes that Solana (SOL) will furiously outpace Bitcoin (BTC) this cycle. In a new YouTube strategy session, Pal says that Solana could be printing a classic bullish inverse head and shoulders pattern (I-HNS) pattern against Bitcoin. “That’s a killer inverse head and shoulders, cup and handle, whatever it is. It’s suggesting there is a very big move to come in this cross, meaning Solana is going to outperform a lot. That is a typical signature of crypto summer, which is altcoin season.” Source: Raoul Pal/YouTube An inverse head and shoulders pattern is a technical formation with bullish implications as the right shoulder suggests that bulls are willing to accumulate the asset without waiting for the price to drop to its previous low. SOL/BTC is trading for 0.002688 BTC ($182) at time of writing, up more than 2.7% in the last 24 hours. He also suggests that Solana is printing a bullish pattern th...

The Mumu The Bull price is up 150% on the weekly timeframe after a 34% surge in the past 24 hours to trade at $0.00009144 as of 7:25 a.m. EST. With this meteoric rise, the MUMU price was able to establish a new all-time high of $0.0001002. Since reaching this peak earlier today, the meme coin has pulled back 7%.  The Mumu The Bull Price Trying To Flip A Major Resistance 4-hour chart for MUMU/USD (Source: GeckoTerminal ) The Mumu The Bull price was able to break above the resistance level at $0.00008212 in the last couple of hours, and is now attempting to flip the barrier into support. If MUMU closes a 4-hour candle above this mark within the next 8 hours, it could have the foundation needed to keep climbing in the next 12 hours. The crypto might then rise to as high as $0.00011345. On the other hand, the Mumu The Bull price getting rejected by the $0.00008212 resistance level could invalidate the bullish thesis. In this alternative scenario, MUMU stands the risk of testing...

The Brett price surged 9% in the last 24 hours to trade for $0.1304 as of 01:15 a.m. EST. BRETT’s pump comes as the meme coin sector recovers after a rough week. Brett Price Prediction The Brett price is between a rock and a hard place, confined between two boundaries. To the north, it faces resistance due to a descending trendline, while southwards, it struggles to hold above an ascending trendline. Looking at the Relative Strength Index (RSI), which shows price momentum, the meme coin is borderline bearish. The RSI’s position below 50 suggests weak momentum, whereas its inclination to the north shows the bulls trying to increase their buying pressure. Nevertheless, the Moving Average Convergence Divergence (MACD) has crossed below the signal line, which means selling pressure exceeds buying strength. As a result, the Brett price is likely to drop before a possible recovery. The red histograms of the volume profile accentuate this stance, suggesting bearish se...

As Filecoin (FIL) edges towards a breakout, currently priced at $4.29, a surge in buying pressure might lead to a 7% increase if it surpasses its current trading range. Meanwhile, Cronos (CRO) Labs rolls out pivotal updates, including the Tethys testnet and engaging community programs, positioning it for future growth. Amid these developments,  BlockDAG is riding high with a significant event on July 29 to unveil its leadership team, drawing worldwide attention with its dynamic public displays from Tokyo to Las Vegas. BlockDAG’s Leadership Unveiling: Heralding a New Era in Blockchain Innovation Mark July 29th on your calendar as BlockDAG gets ready to introduce its CEO, advisory team, and board members. This eagerly awaited event is expected to boost BlockDAG's transparency and solidify its leadership in the Layer-1 blockchain sector. Investors are keeping a close eye, with projections of a 40% surge in BDAG coin prices after the reveal. BlockDAG has consistently deli...