Chain News by Thebittimes.Com

John J. Ray III, the chief exec of the FTX estate, has filed a statement in Sam Bankman-Fried ’s sentencing to “correct material misstatements and omissions in the sentencing submission” made by Bankman-Fried’s team.  Specifically, Ray challenged the narrative that Bankman-Fried’s team presented that “the money was there — not lost.” Ray described this claim as “categorically, callously, and demonstrably false.”  Bankman-Fried and his team have been working to downplay losses from the collapse of FTX and Alameda Research, in part because any losses will likely affect his sentencing. No, FTX hasn’t recovered all funds and isn’t restarting soon Read more: FTX bankruptcy firm Sullivan & Cromwell tipped for Binance monitor role The letter details how the full FTX recovery that has been advertised is based on the value of assets when it declared bankruptcy. Many of these have significantly appreciated, m...

The Book of Meme price dipped 5% to trade for 0.0119 as of 04:16 a.m. EST time as trading volume fell nearly 40%. It comes as investors shift their attention to meme coins that have stronger fundamentals with Floki (FLOKI), Dogecoin (DOGE) and Pepe (PEPE leading the sector rally with gains of 35%, 16%, and 14%, respectively. Book of Meme Price Outlook While the Book of Meme price is dumping, BOME bulls appear to be pushing, with the climbing Relative Strength Index (RSI) showing rising momentum. On lower timeframes, the Book of Meme price is confronting resistance due to the upper boundary of the descending parallel. In the meantime, the odds still favor the downside as the RSI remains below the 50 midline. This stance is also reinforced by the position of the Moving Average Convergence Divergence (MACD) in negative territory. With this, the Book of Meme price could suffer a rejection from the upper boundary of the channel. This is because momentum remains weak, seen with the RSI ...

Amidst turbulent market conditions and a dip in Bitcoin’s price, Shiba Inu, a beloved meme coin within the crypto community, finds itself at a crucial crossroads. The recent downturn in altcoins has dealt a significant blow to Shiba Inu, evidenced by its consecutive drop for the second week running. At press time, SHIB was trading at $0.00002573 with a 4% uptick over the last 24 hours. Uncertainties loom over whether SHIB can instigate a bullish trend and surpass its previous peak. Source Hope Emerges Within Shiba Inu Ecosystem However, amidst this uncertainty, a ray of hope emerges from within the SHIB ecosystem. Lucie, a marketing specialist associated with Shiba Inu, has expressed optimism about the coin’s future performance. In a recent post, Lucie disclosed her decision to seize the opportunity presented by SHIB’s dip by purchasing more tokens. With the coin experiencing a sharp decline of over 23% in the past week, Lucie saw this as a chance to acquire SHIB ...

As the Crypto currency market battles downside pain, several altcoins have dipped to levels where they present the greatest opportunity for upside returns. Analysts at Santiment have identified Storj (STORJ) and Synthetix (SNX) as two of these altcoins. Elsewhere, there’s fresh interest in KangaMoon (KANG), a project whose presale shows increasing confidence from Crypto investors. Analysts spotlight buy opportunity for STORJ, SNX As Bitcoin price fell to lows of $61k on Tuesday, a key metric suggested a number of altcoins are largely underbought and currently hover in the buy zone. Analysts at market intelligence and analytics platform Santiment have pointed to its MVRV Opportunity & Danger Zone Model for this prediction. According to Santiment, “ projects with minimal returns compared to the rest of the sector have a higher probability of a more efficient rebound for those who are willing to ‘buy the dip ’”. This is the ou...

A sentiment shift took place in the cryptocurrency market, pivoting from mostly bullish to mostly bearish in a few days. A $230 billion crash in 24 hours liquidated over 240,000 traders in more than $500 million long positions. In this context, cryptocurrencies saw a relevant increase in the volume of short positions, creating imbalances that now threaten a short squeeze. If the open interest remains dominated by Bitcoin short-sellers, they could be the next victims of massive liquidations. Nevertheless, such a state can create opportunities for savvy traders who know where to look. For this reason, Finbold turned to liquidation data on CoinGlass and identified three cryptocurrencies likely to experience a short squeeze. Picks for you Sell signal for 2 overbought cryptocurrencies this week 2 hours ago Machine learning algorithm predicts SHIB price for April 1, 2024 4 hours ago Polkadot and Kusama analytics make their way to Dune 5 hours ago AI predicts ...

As the majority of assets in the cryptocurrency market continue to consolidate their previous gains, Solana (SOL) is no exception, recording a decline of over 15% in the last day. However, artificial intelligence (AI) algorithms remain optimistic regarding its price trends in 2024. Indeed, Solana has started to retrace after several significantly bullish weeks during which it has managed to climb to the fourth place in terms of its market capitalization, and advanced AI price forecasting algorithms see even more intense gains toward the year’s end. Solana price prediction 2024 So, how high can Solana go? According to these projections, which rely on historical SOL trends, technical Analysis (TA) indicators, and various chart patterns, Solana could reach the price of $354.78 on December 31, 2024, which would suggest an increase of 104.47% from its current situation. Picks for you Here's how much Andrew Tate made in last crypto bull run 1 hour ago Dogwifhat ...

Newest meme coin on the block Dogecoin20 ($DOGE20) has just raised $2 million as it throws down the gauntlet to Dogecoin, which saw its price slip 5% to $0.143 in early price action.  The $DOGE20 presale was launched last Thursday, so within four days it has pulled in $2 million from eager investors. Many a venture capital project in Silicon Valley would die for that sort of fundraising run rate. Dogecoin20 is raising half a million dollars daily. Meme coins are again the talk of the town in crypto circles, offering, as they do, some of the best opportunities for 100x returns on investment for their often utility-light yet viral appeal. Dogecoin20 is priced at $0.000164 but is already almost halfway through its presale, with the next price increase kicking in when the target of $2,338,280 is reached or the allotted time of two days and 15 hours, at the time of writing, has passed. In the next step on the price ladder (Stage 6), the token will be ...