Monat: November 2023

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XRP whales make waves as Shiba Memu presale nears conclusion

  • XRP whales recently moved nearly 900 million tokens in significant weekend transactions.
  • Ripple Labs has also strategically transferred 100 million XRP.
  • The Shiba Memu presale countdown intensifies with only 46 days left.

In a weekend marked by significant cryptocurrency movements, XRP whales have stirred the waters by transferring nearly 900 million XRP tokens between anonymous addresses.

Simultaneously, the Shiba Memu presale is gaining momentum, with only 46 days left until its conclusion. This article delves into the jaw-dropping XRP transactions and the ongoing Shiba Memu presale dynamics.

XRP whales in action

Over the weekend, large XRP holders, commonly known as whales, executed massive transfers, bringing the total close to 900 million XRP tokens.

Two substantial transactions, one involving 425,807,780 XRP and the other moving 424,307,758 XRP, were conducted by wallets with unregistered owners. At the time of these transfers, the transactions were valued at $288,496,378 and $281,090,947, totalling a staggering 850.1 million XRP and $569.4 million in fiat.

Ripple Labs’ strategic moves

Last week, Ripple Labs, the driving force behind XRP, was also in action. The fintech behemoth initiated a transfer of 100 million XRP between its wallets.

Additionally, Ripple Labs carried out customary transfers to the Bitstamp and Bitso crypto exchanges via Ripple-related wallets. Both Bitstamp and Bitso have been long-term Ripple partners, actively participating in Ripple Payments, the evolution of what was formerly known as On-Demand Liquidity service (ODL).

Shiba Memu presale countdown

Amidst the bustling Ripple (XRP) activity, the Shiba Memu presale is making headlines. With only 46 days remaining until its conclusion, the presale is entering a critical phase.

Participants have a limited window to secure Shiba Memu tokens before the presale concludes. The countdown emphasizes the urgency for potential investors to consider participation in this unique and revolutionary meme token.

In the next few hours, Shiba Memu anticipates an increase in its presale price. This dynamic pricing strategy adds an element of urgency for potential investors, encouraging early participation before the next price surge. The pricing adjustments align with Shiba Memu’s commitment to providing value to its community and adapting to market conditions.

Shiba Memu’s marketing autonomy

Shiba Memu distinguishes itself by its self-sufficient marketing capabilities, powered by AI technology. Unlike traditional meme tokens relying on human marketing teams, Shiba Memu generates its marketing strategies, drafts its PR, and promotes itself across forums and social networks.

AI technology not only produces content but actively engages with users. The upcoming launch of an AI marketing dashboard further highlights Shiba Memu’s commitment to transparency and user interaction.

Conclusion

XRP whales’ massive XRP transfers underscore the ever-evolving nature of the market, while Shiba Memu’s innovative approach, empowered by AI, adds a unique dimension to the crypto landscape.

With both XRP and Shiba Memu capturing attention, investors navigate a landscape of strategic moves and market dynamics, emphasizing the need for vigilance and adaptability in the ever-fluctuating world of cryptocurrencies.

The post XRP whales make waves as Shiba Memu presale nears conclusion appeared first on CoinJournal.

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November’s crypto picks: Tezos, Rebel Satoshi, and ApeCoin

  • Tezos surges 13% in 2023, but a renewed bullish momentum will usher in more gains.
  • ApeCoin plunged 61% in 2023, but a resurgence in NFT activity might see it rally. 
  • RebelSatoshi proves the next top meme coin with a projected 150% presale surge. 

After performing poorly between Q1 and Q3, the crypto market began showing bullish signs in Q4 2023. As a result, top crypto coins like Tezos (XTZ) and ApeCoin (APE) have surged significantly, making them top picks for November. 

Meanwhile, Rebel Satoshi ($RBLZ), an emerging meme coin, is positioning itself as the best cryptocurrency to buy in November after promising a 150% ROI during its public presale. 

Why are Tezos, ApeCoin, and Rebel Satoshi the best cryptos to consider for investment in November? Let’s find out!

Tezos up 13% in 2023: what’s coming next?

Tezos has performed decently thus far in 2023. On January 1,  the price of XTZ was hovering around $0.73. However, XTZ started surging and went as high as $1.44 in February after Weiss Ratings praised Tezos. However, XTZ failed to hold these gains and plunged sharply.

By November, XTZ had stabilized around $0.83. Notably, this XTZ price means Tezos has surged 13.70% from the January 1 level. However, will Tezos’ upward trajectory continue? Analysts believe Tezos will continue climbing to close the year, trading around $0.98. In the long term, analysts believe XTZ can soar as high as $2.43 in 2025.

This forecast makes Tezos a good crypto to buy. Analysts peg this bullish XTZ prediction on Tezos gaining more adoption due to its flexible governance model, bug-free code, and dividend issuance. 

ApeCoin slumps in 2023: sheds 61% of its value!

ApeCoin has performed deplorably in 2023. On January 1, APE was trading around $3.64. After surging briefly in February, APE began retracing its growth and plummeted as interest in NFTs waned. By November, APE had levelled off around $1.35. This price means ApeCoin has lost 61.54% of its value thus far in 2023.

As a result of this poor performance, investors are increasingly asking whether APE is a good investment. Analysts believe ApeCoin will continue surging to close the year, trading around $2.32. The long-term APE forecast is more bullish, with experts predicting the token will surge to $5.18 in December 2025.

This ApeCoin prediction makes APE one of the best coins to invest in, especially for long-term HODLers. Analysts peg this APE prediction on APE getting more adoption as interest in Yuga Labs’ Bored Ape Yacht Club (BAYC) NFT collection resurges. 

Rebel Satoshi charms investors

Rebel Satoshi, a new meme coin that draws inspiration from the rebellious spirits of Satoshi Nakamoto and Guy Fawkes, is making waves in the crypto market despite being in its public presale. The main attraction of the Rebel Satoshi project is its mission to bring together the silent majority, hit a $100 million cap, and challenge centralized crypto entities. 

To achieve these goals, RebelSatoshi depends on its native $RBLZ token. $RBLZ boasts a 250 million supply cap, significantly lower than popular meme coins. Moreover, $RBLZ features a deflationary mechanism, which will burn $RBLZ tokens over time to ensure the price always increases. This feature makes $RBLZ the best crypto to invest in now!

As of November, Rebel Satoshi was in the Early Bird Round of its ongoing public presale, with $RBLZ priced at $0.010. RebelSatoshi has named the next round Rebel, and the $RBLZ price is set to increase to $0.013 at the start of this round. 

Moreover, Rebel Satoshi has set the listing price for $RBLZ at $0.025. This means that early Bird investors will see their $RBLZ holdings surge 150% by the time RebelSatoshi gets listed.

For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via telegram.

 

The post November’s crypto picks: Tezos, Rebel Satoshi, and ApeCoin appeared first on CoinJournal.

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Bithumb planning IPO on KOSDAQ, aims for top spot in Korean crypto market

  • Bithumb aims to be the first crypto-related company listed on KOSDAQ.
  • Bithumb has selected Samsung Securities as the underwriter for its strategic move into traditional financial markets.
  • Former Chairman Lee Jeong-hoon has made a comeback, boosting confidence as Bithumb seeks to rebuild trust.

South Korean cryptocurrency exchange Bithumb is strategically positioning itself for an initial public offering (IPO) on the Korean Securities Dealers Automated Quotations (KOSDAQ) by the second half of 2025, according to reports from a local news outlet.

Bithumb’s decision to go public is seen as a strategic response to recent industry challenges, such as hacks and collapses. By subjecting its operations to external validation, the company aims to build public trust in the cryptocurrency market.

Observers speculate that Bithumb’s IPO aspirations are not solely driven by external financial requirements, given the company’s substantial assets, transaction data, and revenues, exceeding 400 billion won.

With plans to reclaim the top spot in the Korean market, Bithumb’s IPO could potentially attract institutional investors and boost confidence among retail investors and new adopters.

This move follows the footsteps of Upbit, which currently holds a significant market cap in South Korea’s crypto landscape and is part of the self-regulating body known as the South Korean Blockchain Association.

IPO preparations in full swing

In its bid to become the first industry-related company listed on KOSDAQ, Bithumb has undertaken concrete steps, including the hiring of staff and onboarding traditional firms to facilitate the public listing. The move aligns with the company’s vision to secure the top spot in South Korea’s digital asset exchange market by trading volume.

Last month, Bithumb took a significant stride by selecting Samsung Securities as its underwriter for the IPO. While the company has yet to confirm the specific details of the public listing, it has acknowledged the appointment of an underwriter. This decision is indicative of Bithumb’s commitment to adhering to rigorous financial scrutiny as it ventures into the realm of traditional financial markets.

The CEO of Bithumb Holdings, Jaewon Lee, will lead the company through this strategic shift and potential listing on KOSDAQ, marking a significant development for the Korean cryptocurrency industry.

Lee Jeong-hoon returns amid strategic shift

As internal planning continues, former Chairman Lee Jeong-hoon, the largest shareholder, has returned to the board of directors. This move is aimed at instilling confidence in the management team and bringing a sense of stability as the company gears up for its IPO.

Notably, Lee Jeong-hoon had faced accusations related to fraud concerning Bithumb’s acquisition, but he was found not guilty earlier this year.

The post Bithumb planning IPO on KOSDAQ, aims for top spot in Korean crypto market appeared first on CoinJournal.

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Bybit Fintech sued for $1 billion by the FTX bankruptcy team

  • The FTX Bankruptcy is seeking to recover assets worth about $1 billion.
  • The lawsuit will be heard by a Delaware Court.
  • The funds in question were allegedly withdrawn from FTX.

FTX’s bankruptcy advisers have recently initiated legal action against Bybit Fintech and its affiliated companies, including Bybit’s investment arm, Mirana Corp.

The lawsuit, filed in a Delaware court, aims to recover approximately $953 million in cash and digital assets that were allegedly withdrawn from FTX just before its Chapter 11 bankruptcy filing a year ago.

Charges against Mirana Corp.

The lawsuit alleges that Mirana Corp. enjoyed special “VIP” benefits not available to regular FTX customers, exploiting these privileges to withdraw a substantial portion of assets from FTX. Mirana is accused of exerting pressure on FTX employees to fulfil its withdrawal requests while other customers faced delays accessing their funds as the exchange approached collapse in November 2022.

According to the complaint, Mirana withdrew over $327 million from FTX between the early morning of November 7 and November 8, 2022, during a critical period when FTX had paused withdrawals.

Bybit affiliates named in FTX’s Chapter 11 Bankruptcy lawsuit

Bybit Fintech Ltd., Mirana, and affiliated crypto trading firm Time Research Ltd. are listed as defendants in the bankruptcy lawsuit. Additionally, a senior Mirana executive and Singaporean residents allegedly involved in the FTX withdrawals are named in the legal proceedings.

FTX, under new management, is intensifying efforts to recover funds disbursed before its Chapter 11 filing. Legal actions have been initiated against various entities, including Kives and his venture capital firm, K5, to reclaim significant sums. FTX is also exploring the possibility of reclaiming funds donated to politicians, charitable organizations, and payments made to celebrities, such as Shaquille O’Neal and Naomi Osaka, for endorsing the platform.

This lawsuit represents the latest move in FTX’s ongoing legal battles as it seeks to navigate the complexities of Chapter 11 bankruptcy and recover lost assets.

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