Schlagwort: crypto business

• Bitcoin price fell to lows of $29,000 across major exchanges as liquidations rose 203% in 24 hours.
• Total rekt positions was more than $150 million, with $124 million being longs.
• The volatility saw over 50,000 traders liquidated in the past 24 hours.

Bitcoin extended its decline beneath $30,000 on Monday as the total crypto market value dipped by 2% to just over $1.2 trillion.

As BTC price touched $29,000 across major exchanges – it fell to $28,978 on Bitstamp and $28,973 on Coinbase – data showed total crypto liquidations in the past 24 hours surpassed $150 million.

According to data from Coinglass, the 24-hour liquidation was double the figure recorded a day earlier. Indeed, total positions rekt in the period rose 203%, with longs accounting for the largest share at over $124 million. 

Shorts accounted for about $26 million to suggest that most of the 50,364 traders who were liquidated as of writing were longs.

BTC had the single largest liquidation order at $2.57 million on the OKX crypto exchange.

Just like Bitcoin, many altcoins extended recent declines as the market weakness ahead of the next FOMC meeting intensified. Ethereum fell to lows of $1,830 and XRP dipped to $0.69 as its market cap declined to allow BNB retake the fourth spot among large caps.

But as top altcoins stumbled on Monday, Dogecoin rose by more than 6% amid ELon Musk’s latest changes to the Twitter platform. Data shows $1.19 million in short liquidations hit DOGE traders.

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• World (WLD) price spiked 78% after its mainnet launch on Monday.
• The soaring prices also followed the listing of WLD on world’s largest crypto exchange by trading volume Binance.
• According to CoinGecko data, WLD price hit highs of $3.30 on major exchanges.

Worldcoin (WLD), the native utility token of the just launched Worldcoin cryptocurrency, soared to highs of $3.30 on Monday morning. This was after the world’s leading crypto exchange Binance announced support for the token.

CoinJournal reported on Worldcoin’s mainnet launch earlier today. [Read more].

Worldcoin price soars as Binance lists WLD for trading

At the time of writing, WLD was trading near $2.98 on major exchanges according to details from CoinGecko. Per the data, Worldcoin price was up 78% at the time, with more than $26.4 million in trading volume.

WLD tokens are currently tradable on several centralized crypto exchanges, including Binance, Bybit, KuCoin and Huobi. On Monday, shortly after the Worldcoin team announced the mainnet was live, Binance, the world’s largest crypto exchange by trading volume, added support for the native WLD token.

#Binance will list @worldcoin $WLD.

👉 https://t.co/WmsuRY8YJc pic.twitter.com/7Bja3w7kxF

— Binance (@binance) July 24, 2023

According to the exchange, spot trading for WLD/BTC and WLD/USDT pairs was to open at 09:00 UTC on July 24, with withdrawals expected to open on July 25 at 09:00 UTC.

Binance also added WLD as a new borrowable asset on the platform, with the new Isolated Margin pair WLD/USDT available 48 hours after 09:00 UTC on July 24.

Worldcoin’s debut on Binance and other exchanges comes as the broader crypto market tries to navigate the latest lull in momentum. Bitcoin price remains lodged in a tight range near $30k, while Ethereum fluctuates beneath $1,900. The global cryptocurrency market cap is down by about 1% as major altcoins like XRP, Cardano and Solana struggle to hold onto recent gains

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• At press time, the LAELAPS token had jumped 283% in the last 24 hours to trade at $0.005519.
• The LAELAPS is categorized as a meme coin, making today’s top gainer in that category.
• The presale of Shiba Memu (SHMU), another meme coin, has hit $1.055 million.

Laelaps (LAELAPS) token is today’s top gainer among the top meme coins according to Coinmarketcap. The token has unleashed a monster bull run that has catapulted it from $0.001419 to $0.005519 in a matter of hours. Earlier today, it had hit a daily high of $0.0093 before slightly pulling back to the price at the time of writing.

LAELAPS price surge comes at a time when the meme coins industry is experiencing significant growth mainly because of the many new meme coin projects, like the Shiba Memu, being launched. Interestingly, a majority of the new meme coins have attracted quite a following which in most cases translates to ridiculous price surges in very short timeframes.  

What is Laelaps?

Laelaps is a Telegram toolkit that makes the blockchain simple to understand, gives you real-time data on market makers, and lets you purchase projects easily thanks to its integration with Maestro Bot.

Its primary goal is to improve users’ experiences on the blockchain. Laelaps provides the data to make informed decisions by gathering and streamlining data, providing information on the market’s top gainers as well as new and upcoming coins.

The Telegram toolkit bot can be added to a variety of channels and groups. The Laelaps community comprises an exclusive group of like-minded traders who want to learn and grow together.

To get Laelaps’ services, users are required to subscribe to one of the toolkit’s subscription tiers. There are three subscription tiers: Zeus, Europa, Thebes, and Villager.

To subscribe to Zeus, one will require five million LAELAPS tokens. This tier gives users access to the Zeus discussion group and the full Laelaps toolkit with Maestro integration.

The Europa tier requires 3.5 million tokens and offers users access to the Laelaps toolkit with integration for Maestro. There is however a 30 seconds delay for alerts. Thebes tier requires 2.5 million tokens and has a 60 seconds delay. The Villager tier requires 500,000 LAELAPS tokens.

Why the LAELAPS token is surging

While there is no major news about LAELAPS, Telegram added stories for premium subscribers over the weekend. The premium subscribers can now share images and video posts that they can pin permanently to their profiles or let them expire after a short period.

The newly launched Telegram’s new Stories feature is just out of its testing phase and Telegram is currently only allowing its paid Premium subscribers to use it to post Telegram Stories. Its launch comes after rival messaging apps Singal and WhatsApp launched their own stories version.

What LAELAPS’ surge means for Shiba Memu

While LAELAPS and Shiba Memu are two different blockchain projects, they are both characterized as meme coin projects. Therefore, LAELAPS’ success and its respective price surge point to a good market for upcoming meme token projects like Shiba Memu, which is currently in the development and presale phase.

The Shiba Memu presale has attracted a lot of crypto investors, partly because of the hype around meme coins and the sudden price surge associated with newly launched meme coins as witnessed with the PEPE coin and LADYS.

Interested parties can buy their Shiba Memu (SHMU) tokens here.

Is Shiba Memu a worthy investment?

Well, an investment decision is a personal affair and requires some in-depth analysis to verify the viability of the investment. In addition, cryptocurrencies are highly volatile and their investments carry a significant risk.

Nevertheless, the Shiba Memu project seeks to ride on the hype around both the meme coins and artificial intelligence which has been the talk of the town since the ChatGPT chatbot was launched. Shiba Memu combines AI and blockchain technology to create an unstoppable, entirely self-sufficient marketing powerhouse, which is an excellent proposition for investors.

The post Telegram’s Laelaps token soars by 283%: what it means for Shiba Memu appeared first on CoinJournal.

• SEC filed documents signaling the intention to appeal the recent ruling in its case against Ripple.
• Crypto Law founder John Deaton says the Judge’s decision will remain the law till the appeal is heard and determined.
• XRP price retreated following the news, though the declines were widely spread across the market.

The US Securities and Exchange Commission (SEC) signaled in documents filed on Friday that it would be appealing the court’s decision regarding XRP.

But while a former SEC official noted this could likely be bad news for Ripple, a pro-XRP lawyer has opined that this won’t be the case – “not even close” – he noted.

Judge Torres’ decision ‘law’ for now

SEC’s hint of an appeal against Judge Analisa Torres’ ruling was revealed in documents related to the agency’s case against Terraform Labs and its former CEO Do Kwon. The regulator faulted the judge’s decision and pointed towards a possible appeal.

In a tweeted response to a suggestion that Ripple could suffer a setback, Crypto Law founder John Deaton said:

“An appeal is not even close to be a setback. First, it will be two years from now before a decision is issued by the 2nd Circuit, if it’s appealed. The Torres Decision is the law until then – at least in the 2nd Circuit. Second, even if the 2nd Circuit said Torres was wrong regarding her application of the 3rd Howey factor (which I predict they won’t), that doesn’t mean the SEC wins on Programmatic sales (sales on exchanges).”

According to Deaton, Judge Torres could “still rule the same exact way” if the SEC appealed the case.

“Let me be more precise: I’m not suggesting that Judge Torres’ decision is binding within the SDNY. A fellow District Judge could disagree with her. But I think a fellow judge in the 2nd Circuit is going to be hard pressed to disagree with Judge Torres, especially considering she cited Judge Castel from Telegram. After reading the Coinbase transcript, we can see it’s already playing out that way,” he explained.

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