Eddie ◱ ◱ (@kryptoicing) • Hey

Eddie is a Writer, Researcher, Author, Cryptoprenuer, Blockchain Enthusiast, Bitcoin Ambassador... Community @FightLegendsNFT #NFTs

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To ensure a secure release, SHIB BPP says, CertiK will be doing a security audit for the platform before it goes live. However, it is yet unknown when exactly the release will take place. Back in April, another well-known SHIB community member, Lucie, shared a tip from SHIB developer Eric M regarding ShibaSwap 2.0. https://u.today/shibaswap-20-in-works-robert-kiyosaki-says-us-is-bankrupt-urges-to-buy-btc-xrp-ledger-celebrates
Today marks our 1 Year Anniversary of making friends onchain 🎂! Thank you to everyone who has made the first year of Lens Protocol so special and groundbreaking. Lens has brought together builders, creators, communities, and friends, all while in beta. There's so much planned for the second year ahead, and we can't wait to continue to grow with all of you. Who did you become frens with on Lens? 🎨 by @nftsushi.lens and all collect proceeds go directly to the artist.
U.S. Government Sold $216M of Seized Silk Road Bitcoin This Month The U.S. government sold 9,861.17 bitcoin (BTC) for almost $216 million on March 14, a court filing shows. The bitcoin sold is part of the 50,000 BTC seized in November following the arrest of James Zhong, who pleaded guilty to wire fraud after the government alleged he manipulated the transaction system on darknet market Silk Road in 2012. At the time, the government hailed it as the largest cryptocurrency seizure. The government intends to liquidate the remaining 41,490 bitcoins in four tranches over the course of this calendar year, the filing said. Crypto traders were spooked after seeing U.S. authorities transfer over $200 million worth of bitcoin to Coinbase (COIN) on March 9. Bitcoin's price was volatile as a result, rising as much as 9.7% in a 24-hour period before returning to where it was before.
First Mover Asia: Bitcoin Is Ready for a Consolidation Phase ALSO: Sam Reynolds writes that decentralized derivatives platforms are having a liquidity problem. The shortage may stem from crypto traders' current caution, but at least one stakeholder is optimistic that the situation will change. “Crypto traders are closely following everything with Coinbase. Coinbase CEO [Brian] Armstrong noted that they weren't entirely surprised by the [Securities and Exchange Commission Wells] Notice. No one knows how regulators are going to rule if all tokens are securities,” he said. “Coinbase's success is vital for longer-term crypto growth. In the U.S., Coinbase is a critical option for how people are getting started with crypto.” Could this be the big break we have been waiting for [First Mover Asia: Bitcoin Is Ready for a Consolidation Phase](https://www.coindesk.com/markets/2023/03/27/first-mover-asia-bitcoin-is-ready-for-a-consolidation-phase/) ALSO: Sam Reynolds writes that decentralized derivatives platforms are having a liquidity problem. The shortage may stem from crypto traders' current caution, but at least one stakeholder is optimistic that the situation will change.
First Mover Asia: Bitcoin Is Ready for a Consolidation Phase ALSO: Sam Reynolds writes that decentralized derivatives platforms are having a liquidity problem. The shortage may stem from crypto traders' current caution, but at least one stakeholder is optimistic that the situation will change. “Crypto traders are closely following everything with Coinbase. Coinbase CEO [Brian] Armstrong noted that they weren't entirely surprised by the [Securities and Exchange Commission Wells] Notice. No one knows how regulators are going to rule if all tokens are securities,” he said. “Coinbase's success is vital for longer-term crypto growth. In the U.S., Coinbase is a critical option for how people are getting started with crypto.” Could this be the big break we have been waiting for
Creator DAOs are coming to Lens @youfolio.lens 🌿 Claim early access at youfolio.io 👀 500 access NFTs available now 🎟️ Drop your Lens handle if you got the access NFT 👇
BTC Price suggests Bull may just be around the corner. [Bitcoin bulls ignore recent regulatory FUD by aiming to flip $25K to support](https://cointelegraph.com/news/bitcoin-bulls-ignore-the-recent-regulatory-fud-by-aiming-to-flip-25k-to-support) Key Bitcoin price metrics suggest BTC’s current rally remains strongly in favor of the bulls.
Decentralized wireless communication network Helium will entirely shift to the Solana blockchain by March 27, developers said on Friday. The migration will see HNT, MOBILE and IOT issued on the Solana network, which will continue to be the tokens in the Helium ecosystem. Once the migration is complete, a new version of the Helium Wallet App will be made available. Additionally, the Helium layer 1 blockchain history will remain public. Users will be able to access the new application by updating their current wallet app. HNT holders can also use other wallets within the Solana ecosystem, such as Phantom or Solflare. [Helium to Fully Migrate to Solana Blockchain by March 27](https://www.coindesk.com/tech/2023/02/20/helium-to-fully-migrate-to-solana-blockchain-by-march-27/) This upgrade will encompass all wallets, Hotspots, and Helium Network state, and will take place over a 24-hour transition period commencing at approximately 15:00 UTC
Crypto begins this week poised. With crypto markets today in a general pattern of retracement and consolidation following an impressive weekend. Last week, Bitcoin (BTC) reclaimed a key psychological level at $25,000. Now trading at $24,890 (+2.52% 24hr), bulls seemed to have found legs to support continued pressure on resistance. With increasingly positive macro sentiment from Bitcoin, breakouts are back on the cards. This has carried over to rejuvenate altcoin markets which have struggled so far into February - reeling from January's explosive end to a year of crypto winter. Narratives have become the key price movers this alt-season. Markets have already experienced pumps for AI coins and ZK-centric projects this year. But it doesn't stop there. Further hype has engulfed the market over the past week from the emerging narrative around Chinese crypto. Regulators in Hong Kong announced a new HK Virtual Asset Service Providers (VASP) regulatory regime. [Best Crypto to Buy Today 20 February – FGHT, STX, METRO, FIL, CCHG](https://cryptonews.com/news/best-crypto-buy-today-20-february-fght-stx-metro-fil-cchg.htm) Crypto begins this week poised. With crypto markets today in a general pattern of retracement and consolidation following an impressive weekend. What are the best cryptos to buy today? Find out here.
update for the free NFTs drop for UFO subscribers. we've heard that some of our community weren't able to claim NFTs when you should have been eligible. we're looking into any allowlist issues and will post an update once it's fixed! don't worry, there's no risk of missing out. if you've subscribed to UFO you will be able to claim your NFTs. if you're just meeting us today ~ you can still subscribe to qualify for the upcoming UFO 30K Lens drop
Thanks for all the love over the course of the last 24 hours. Just did airdrop 1 for the first 1,000 followers on Lens. Let's make this interesting... Will be taking a snapshot of the first 3,000 - are you in, anon?
Thanks for all the love over the course of the last 24 hours. Just did airdrop 1 for the first 1,000 followers on Lens. Let's make this interesting... Will be taking a snapshot of the first 3,000 - are you in, anon?
Blur launched its marketplace last October with the promise of token rewards for traders, and has granted users “care packages” that represent coming token allotments. Users can finally open up their care packages today and claim the Ethereum-based tokens, with an estimated start around 1:30pm ET following a late morning delay. #Yasai https://decrypt.co/121280/blur-token-airdrop-ethereum-nft-traders
Core DAO has rewarded users for their patience by launching the highly anticipated airdrop. Eligible users can now claim the airdrop via the Core DAO official website with their mobile or PC. The protocol announced that the airdrop would be launched on February 8th at 12 PM. After the week-long countdown on Twitter, the Layer one blockchain protocol confirmed the airdrop to the delight of core enthusiasts. [Core DAO Airdrop Goes Live, Staking Opens](https://www.bsc.news/post/core-dao-airdrop-goes-live) The highly anticipated Core airdrop launched on February 8th at 12 PM UTC.
The Terra Luna Classic price has dropped by 3.5% in the past 24 hours, falling to $0.00018462 following losses for the overall cryptocurrency market this weekend. Its current price represents a 5% gain in a week and an 18% increase in the last 30 days, with the altcoin benefitting from a number of proposals from the Terra Luna Classic community to boost its price. And with LUNC's 24-hour trading remaining elevated at just over $150 million, there remains enough liquidity for the coin to witness further gains in the near term. Of course, it may need to correct downwards a little further before it resumes rising. [Terra Luna Classic Price Prediction as $150 Million Trading Volume Comes In – Here are Key Levels to Watch](https://cryptonews.com/news/terra-luna-classic-price-prediction-as-150-million-trading-volume-comes-here-are-key-levels-watch.htm) The Terra Luna Classic price has dropped by 3.5% in the past 24 hours, falling to $0.00018462 following losses for the overall cryptocurrency market this weekend.
Meme coin prices are on a roll, with broad-based appreciation in values pushing the sector's market cap over $22 billion, led by week gains for top sector coins such as Shiba Inu (SHIB), Baby Doge Coin (Baby Doge), Bone ShibaSwap (BONE) and Tamadoge (TAMA). What’s behind the meme coin redux and can the bullish turn in sentiment be maintained? The attraction of meme coins is centered on their brand power. As the rekindling of interest in crypto gathers pace it is not surprising that this sector should start to attract buyers. However, the first iteration of meme coins, which was very much built around the joke status of Dogecoin and the pulling power of Elon Musk, has moved on.
As investors and traders eagerly await the outcome of the Federal Reserve's first FOMC meeting for the year, most analysts anticipate Chairman Jerome Powell will announce a 25 basis point interest rate hike. His subsequent press conference is anticipated to have broad repercussions throughout financial and risk asset markets, including cryptocurrency, with market participants looking for guidance on the Fed's longer term plans. With this background in mind, what are some of the best cryptos to buy today? Although typically Bitcoin, Ethereum, and other digital assets are noticeably volatile leading up to interest rate hikes, the crypto market has remained relatively steady this time around. After reaching a high of $24,000 over the weekend--it's the highest price in five months--Bitcoin's price ultimately dipped to a multi-day low of $22,400 Monday. As of writing, Bitcoin is hovering at around $23k; indicative that investors have maintained their trust in cryptocurrencies despite any short-term volatility. [Best Crypto to Buy Today 1 February – MEMAG, DYDX, FGHT, FTM, CCHG](https://cryptonews.com/news/best-crypto-buy-today-1-february-memag-dydx-fght-ftm-cchg.htm) As investors and traders eagerly await the outcome of the Federal Reserve's first FOMC meeting for the year, what are some of the best cryptos to buy today?
Binance has invited Zanmai Labs, the entity operating Indian crypto exchange WazirX, to work out arrangements to withdraw any remaining assets held in Binance wallets, according to a blog post on Friday. The solution ostensibly ends worries about what would happen to customer funds if Binance and WazirX end their collaboration, but seems to have further escalated the fight between the two crypto exchanges. "As an exception, we have invited Zanmai to work out arrangements with us to withdraw any remaining assets in the relevant accounts after 3 February. However, the responsibility ultimately lies with the Zanmai team to make the withdrawals expeditiously," Binance said. [Binance-WazirX Dispute Rages as the Indian Crypto Exchange Is Told to Move Funds out of Binance](https://www.coindesk.com/business/2023/02/03/binance-tells-indian-crypto-exchange-wazirx-to-withdraw-customer-assets-held-in-its-wallets/) The solution ostensibly ends worries about what would happen to customer funds if Binance and WazirX end their collaboration.
Hackers have siphoned off roughly $5 million worth of allianceBlock (ALBT) tokens on Bonq, a decentralized borrowing protocol, according to a Wednesday announcement from AllianceBlock. AllianceBlock has paused all activity on its bridge following the attack, which occurred Wednesday afternoon. During the exploit a Polygon wallet accessed 112 million ALBT tokens, bridging them from the Polygon blockchain to the Ethereum blockchain. The hacker also got 500,000 USDC from dumping bonq euro (BEUR) tokens. The protocol's team, along with that of Bonq, will mint new ALBT tokens and airdrop tokens to the affected wallet addresses. [AllianceBlock Token Plunges 51% After $5M Exploit of Bonq DAO](https://www.coindesk.com/business/2023/02/01/allianceblock-token-plunges-51-after-5m-exploit/) New ALBT tokens will be minted and airdropped to the affected wallet addresses.
Indonesia plans to set up its own crypto exchange this year, Bloomberg reported. As part of a broader financial sector reform, the Financial Services Authority will assume regulatory power over the assets over the next two years, by which time the exchange should be set up, the Commodity Futures Trading Regulatory Agency said. India’s tax rules on crypto, which went into effect last April, have pushed traders to foreign exchanges. Companies like Binance and Coinbase got 67.6% of the crypto market share in India as of October 2022, up from 50% in November 2021, according to a report by New Delhi-based think tank Esya. Indian exchanges including WazirX, CoinSwitch, and CoinDCX lost 81% of their trading volume between July and October, Esya said.
A flat market and contagion risks aren’t deterring crypto traders from finding the next major narrative to generate returns, and a meme coin is at the center of that in the Solana (SOL) ecosystem. Bonk, a Shiba Inu-themed token that was issued on Dec. 25, has returned 2,220% to traders in the past week, with a 150% rise in the past 24 hours alone. The token was airdropped to Solana NFT (non-fungible token) communities and creators, which led to quick hype and trading volumes for the token, as CoinDesk reported Tuesday. [Shiba Inu-Themed BONK Tokens Are Yielding Nearly 1,000% for Solana Liquidity Providers](https://www.coindesk.com/markets/2023/01/04/shiba-inu-themed-bonk-tokens-are-yielding-nearly-1000-for-solana-liquidity-providers/) The meme coin is up over 150% in the past 24 hours and have recorded some of the highest trading volumes on Solana-based decentralized exchanges.
The Genesis Block was simply the first block of bitcoin (BTC) to be mined. You might see it called Block 0 or Block 1. It’s still there today and will remain there as long as any computer runs the Bitcoin software. Every node in the Bitcoin network can go and look at it, even though it now sits at the other end of a chain hundreds of thousands of blocks long. That’s the point of the blockchain. [The Genesis Block: The First Bitcoin Block](https://www.coindesk.com/tech/2023/01/03/the-genesis-block-the-first-bitcoin-block/) Today marks the 14-year anniversary of when Satoshi Nakamoto mined the first Bitcoin block.
Bitcoin has opened the new year continuing to trade sideways, falling 0.5% over the past 24 hours and trading at around $16.66K currently, close to the daily 20-day Exponential Moving Average resistance. The leading crypto is struggling to maintain a positive bias from the past couple of days with a steady increase in volume. With the financial markets opening a new trading year, increased volatility, including in the cryptocurrency market, may be expected. As the cryptocurrency market enters the new year, investors are ready to put 2022 behind them as they closely watch for any potential shifts in market trends.
To recap: Sam Bankman-Fried was arrested last month in the Bahamas at the behest of U.S. authorities, who later revealed they had indicted the FTX founder and former CEO on eight different charges: conspiracy to commit wire fraud on customers, wire fraud on customers, conspiracy to commit wire fraud on lenders, wire fraud on lenders, conspiracy to commit commodities fraud, conspiracy to commit securities fraud, conspiracy to commit money laundering and conspiracy to defraud the U.S. and violate campaign finance laws. [Previewing FTX Founder Sam Bankman-Fried’s Not Guilty Plea in Court](https://www.coindesk.com/policy/2023/01/03/previewing-ftx-founder-sam-bankman-frieds-not-guilty-plea-in-court/) The third day of 2023 to the U.S. federal court system is Sam Bankman-Fried's arraignment, which will take place at 500 Pearl St. in Manhattan
FTX sought a U.S. bankruptcy court's help amid a battle over ownership of about $450 million worth of stock in Robinhood Markets (HOOD), according to a filing Thursday. At issue are about 56 million shares of the brokerage owned by Emergent Fidelity Technologies Ltd., a corporate entity organized in Antigua and Barbuda and 90% controlled by former FTX CEO Sam Bankman-Fried, according to the filing. [FTX Asks Judge for Help in Fight Over Robinhood Shares Worth About $450M](https://www.coindesk.com/business/2022/12/22/ftx-ask-judge-for-help-in-fight-over-robinhood-shares-worth-about-450m/) Three parties, including ex-FTX CEO Sam Bankman-Fried, have tried to get control over the 56 million shares.
The U.S. Securities and Exchange Commission (SEC) is increasing its scrutiny of audits of cryptocurrency companies in an effort to warn investors who may feel assured by audits such as proof-of-reserve reports, according to a Wall Street Journal report that cites a senior SEC official. “Investors should not place too much confidence in the mere fact a company says it’s got a proof-of-reserves from an audit firm,” said Paul Munter, the SEC’s acting chief accountant. Having such a report “is not enough information for an investor to assess whether the company has sufficient assets to cover its liabilities,” he added. [SEC Increases Scrutiny of Audits of Cryptocurrency Companies: WSJ](https://www.coindesk.com/policy/2022/12/23/sec-increases-scrutiny-of-audits-of-cryptocurrency-companies-wsj/) Having proof of reserve reports is not enough information for an investor, according to Paul Munter, the SEC's acting chief accountant.
So-called “green bitcoiners” made themselves heard over the past 12 months, and they’ve brought novel ideas to the fore. Troy Cross, professor of philosophy at Reed College in Oregon and fellow at the Bitcoin Policy Institute, has broached several ideas on bitcoin (BTC) mining and energy with which bitcoiners are still wrestling. Together with Yale-NUS professor of philosophy Andrew Bailey, Cross has been arguing that bitcoiners have a sort of moral duty to uphold related to bitcoin and the environment. They say their ideas is a “way to invest in bitcoin without contributing, even slightly, to unsustainable bitcoin mining.” (Their white paper came out in late 2021, but gained traction in 2022.) [2023 Will Be the Death of Bitcoin Energy FUD](https://www.coindesk.com/consensus-magazine/2022/12/23/2023-will-be-the-death-of-bitcoin-energy-fud/) It's becoming increasingly difficult to ignore how green bitcoin mining can combat climate change.
Chess is going on-chain. The International Chess Federation (FIDE), the sport’s governing body, announced Friday it is partnering with the Avalanche blockchain to bring its competitions into Web3. The partnership will create “operational efficiencies for players and federations and improve game integrity,” according to a press release, such as publishing tournament data and player rankings on-chain, as well as AVAX-hosted tournament prize pools. The tie-up also places Ava Labs, the builders behind the Avalanche blockchain, and Core, a self-custody crypto wallet, as featured sponsors at physical chess tournaments around the world, including the World Chess Championship and Chess Olympiad. [International Chess Federation Checks Into Web3 With Avalanche Integration](https://www.coindesk.com/web3/2022/12/23/international-chess-federation-checks-into-web3-with-avalanche-integration/) The global chess authority is looking to onboard the game’s 500 million players into Web3 with the new partnership.
Several cryptocurrencies, including Cardano (ADA), Dogecoin (DOGE) and BNB (BNB), are recording significant declines as the crypto market sell-off worsens. Taken from Dec. 14, after the FED announced a 50-point basis hike as opposed to the 75-basis-point hike expected by many, coupled with its resolve to maintain its aggressive monetary policy till 2023, cryptocurrencies are treading water for the third consecutive day. [ADA, DOGE, BNB Record Significant Losses as Crypto Market Sell-off Intensifies](https://u.today/ada-doge-bnb-record-significant-losses-as-crypto-market-sell-off-intensifies) Crypto market currently down 5.34% in last 24 hours
Dutch Central Bank Says Crypto Exchange KuCoin Is Operating Without a License in Netherlands The Dutch central bank has issued a warning to cryptocurrency exchange KuCoin for operating without a registration in the Netherlands, according to a statement. De Nederlandsche Bank (DNB) said that MEK Global Limited (MGL), which is registered in the Seychelles and trades under the name KuCoin in the Netherlands, doesn’t have a “legal registration” with the DNB. “This means that MGL is in violation of the Anti-Money Laundering and Terrorist Financing Act and is illegally offering exchange services between virtual currencies and fiat currencies and offering custodial wallets,” the bank said. [Dutch Central Bank Says Crypto Exchange KuCoin Is Operating Without a License in Netherlands](https://www.coindesk.com/business/2022/12/15/dutch-central-bank-says-crypto-exchange-kucoin-is-operating-without-license-in-netherlands/) De Nederlandsche Bank said KuCoin lacks a “legal registration” with the central bank.
The Department of Justice has also discussed possible plea deals with Binance's lawyers, the report added. Prosecutors in the U.S. Attorney’s Office in Seattle began investigating Binance in 2018 after a spate of cases that saw criminals use Binance to transfer illicit funds, according to Reuters. Other prosecutors believe that more evidence needs to be gathered before a criminal case can be filed, causing a split within the Department of Justice. Binance refuted the Reuters article in a statement. Tigran Gambaryan, the exchange's global head of intelligence and investigations, said Binance has "responded to over 47,000 law enforcement requests" since November 2021.
Crypto Markets Today: Fir Tree Suit Against Grayscale Adds to Industry’s Growing Woes The hedge fund wants more details about the Grayscale Bitcoin Trust, which has fallen in value by nearly 75% this year. Hedge fund Fir Tree is suing crypto investment firm (and CoinDesk sister company) Grayscale to obtain details about its flagship Grayscale Bitcoin Trust (GBTC), in order to investigate potential mismanagement and conflicts of interest, according to a report from Bloomberg.
Jim Cramer Says Cardano, XRP and Dogecoin Might Crash to Zero. During a recent episode of "Mad Money," longtime CNBC host Jim Cramer said that he expected altcoins of the likes of XRP, Cardano and Dogecoin to possibly collapse to zero. The superstar TV host has warned investors that it is not too late to dump their cryptocurrency holdings despite declining cryptocurrency prices. The stockpicker believes that the top cryptocurrencies are still severely overvalued, which is why those who continue to hold them found themselves in an "awful position."
Famed economist Paul Krugman has opined that the cryptocurrency era might be nearing its end based on the fact that his most recent anti-blockchain piece attracted very little crypto bro outrage. \n\nIn a recent New York Times op-ed published on Dec. 1, Krugman argues that the term “crypto winter,” which is widely used by the media to describe the ongoing crisis, might be an understatement. According to the Nobel Prize-winning economist, the brutal comedown that the cryptocurrency industry experienced this year feels like Fimbulwinter, the extremely harsh multi-year winter that precedes the end of the world in Norse mythology.\n\n[Nobel Prize-Winning Economist Paul Krugman Says Crypto Era May Be Ending](https://u.today/nobel-prize-winning-economist-paul-krugman-says-crypto-era-may-be-ending)\nProminent economist Paul Krugman claims that this really might be the end of the cryptocurrency industry
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Crypto Exchange Bybit Announces $100M Fund to Support Institutional Clients Crypto exchange Bybit has established a $100 million fund to support institutional clients, "during this challenging period in the crypto industry," the company said Thursday. Bybit will offer up to $10 million to existing and new market makers on its platform, as well as dedicated account managers, it said in an emailed statement. Bybit, the 35th largest exchange by trading volume according to CoinMarketCap, joins Binance, the largest, in trying to turn the industry tumult of the past few weeks into an opportunity. The crypto market has lost two-thirds of its value in a year and has been roiled by the collapse of large market participants. [Crypto Exchange Bybit Announces $100M Fund to Support Institutional Clients](https://www.coindesk.com/business/2022/11/24/crypto-exchange-bybit-announces-100m-fund-to-support-institutional-clients/) The exchange will offer as much as $10 million to institutional clients and market makers.
Prominent crypto blogger BitBoy has posted an astonished tweet at the sudden rise of Binance Coin (BNB), as the price has jumped around 17%. In a recent official blog post, Binance has shared details of the upcoming token sale of HOOK, a native cryptocurrency of the Hooked Protocol. The token sale will be conducted as a lottery as with the previous projects launched by Binance on its platform. Recording participants' BNB balances will begin today at 00:00 UTC and last until the same time on Dec. 1. Snapshots of balances will be made on an hourly basis during that period of seven days. The overall amount of HOOK coins allocated to Binance Launchpad is 25 million, which is 5% of the overall supply of this token – 500 million HOOK. The price of one token is $0.1, but the price in BNB will be determined later on, before the subscription. Among earlier projects that first set out on Binance Launchpad was Polygon (MATIC). At the time of this writing, it is rising over a modest 5%. [BNB Price Jumps 17% as HOOK to Be Released on Binance Launchpad](https://u.today/bnb-price-jumps-17-as-hook-to-be-released-on-binance-launchpad) Binance Coin is up 16% as Binance Launchpad kicks off a new project and coin sale
More Than 50% of Bitcoin Addresses Are Now in Loss; Previous bear markets ended with the majority of addresses being out of the money, on-chain data shows. Most addresses holding bitcoin (BTC), the largest cryptocurrency, are now in the red, the first time that's happened since the start of the coronavirus-induced crash of March 2020. Just over 51%, or 24.6 million addresses of the total 47.9 million, are below purchase price on their investments, according to data provided by blockchain analytics firm IntoTheBlock. About 45% are in the money, which means they are boasting unrealized gains, while the rest are roughly at break-even IntoTheBlock defines out-of-the-money addresses as those that acquired coins at an average price higher than bitcoin's going market rate of $16,067. The bearish momentum looks overdone, according to Lucas Outumuro, head of research at IntoTheBlock. Previous bear markets ended with the majority of addresses being out of-the money. [More Than 50% of Bitcoin Addresses Are Now in Loss](https://www.coindesk.com/markets/2022/11/21/more-than-50-of-bitcoin-addresses-are-now-in-loss/) Previous bear markets ended with the majority of addresses being out of the money, on-chain data shows.
Cardano Is Launching New Privacy Blockchain and Token Input Output Global (IOG), the firm behind the Cardano blockchain, is releasing a new privacy-focused blockchain called Midnight and a token called dust to accompany the new network. Midnight, which is underpinned by zero-knowledge-proof technology, is one of many side chains now being deployed around Cardano, and will go beyond previous privacy-coin projects by delivering zero-knowledge-proof smart contracts, IOG CEO Charles Hoskinson said during an event at Edinburgh University in Scotland on Friday. The system will walk the line between preserving privacy and allowing regulators and auditors a backdoor into the system when permission is granted, he said. [Cardano Is Launching New Privacy Blockchain and Token](https://www.coindesk.com/business/2022/11/18/cardano-is-launching-new-privacy-blockchain-and-token/) Charles Hoskinson, CEO of the firm that's behind Cardano, says the network will strive to preserve privacy while giving access to regulators and auditors.
Emurgo, the official commercial arm and a founding entity of the Cardano blockchain, plans to launch USDA, a U.S.-pegged stablecoin, in early 2023, the company told CoinDesk. USDA will be the first fully fiat-backed, regulatory-compliant stablecoin in the Cardano ecosystem. “The introduction of a fully fiat-backed, regulatory-compliant stablecoin is the next step in realizing the future for our community,” wrote Emurgo Fintech Managing Director Vineeth Bhuvanagiri, in a note to CoinDesk. Stablecoins are tokens backed by an asset, or a basket of assets, and pegged to fiat currency, such as the U.S. dollar. They serve as an entryway to the crypto market for traditional market participants and are extensively used within the ecosystem as instruments for trading, borrowing, and lending. USDA is part of Emurgo’s Anzens product, a broader plan that would offer users several financial services and products functioning on Cardano-based assets. These plans include lending and borrowing services, crypto-based card payments and bridges between traditional markets and decentralized applications (dApps). [Cardano-Based Regulated Stablecoin USDA Will Hit the Market in Early 2023](https://www.coindesk.com/tech/2022/11/18/cardano-based-regulated-stablecoin-usda-will-hit-the-market-in-early-2023/) USDA would be the first fully fiat-backed, regulatory-compliant stablecoin in the Cardano ecosystem, Emurgo said.
Traders are flocking to decentralized exchanges (DEXs) in the wake of FTX’s sudden, catastrophic implosion. One DEX, in particular, has risen overnight to become the world’s second-largest venue for trading Ethereum: Uniswap. Uniswap inventor Hayden Adams shared the news on Twitter today, citing analysis by Nansen CEO Alex Svanevik. https://decrypt.co/114665/uniswap-overtakes-coinbase-second-largest-exchange-trading-ethereum-today
Now, the chief executive of the world's largest bitcoin and crypto exchange Binance, Changpeng "CZ" Zhao, has said the FTX fallout could be about to hit another crypto exchange, warning of "clear sign[s] of problems." "If an exchange [has] to move large amounts of crypto before or after they demonstrate their wallet addresses, it is a clear sign of problems," CZ posted to Twitter in the aftermath of Crypto.com accidently transferring more than 300,000 ethereum, worth $360 million, off its exchange. "Stay away." [‘Stay Away’—Binance CEO Issues Serious Warning Over Another Crypto Exchange After FTX Collapse Crashed The Price Of Bitcoin And Ethereum](https://www.forbes.com/sites/billybambrough/2022/11/13/stay-away-binance-ceo-issues-serious-warning-over-another-crypto-exchange-after-ftx-collapse-crashed-the-price-of-bitcoin-and-ethereum/) The chief executive of the world's largest bitcoin and crypto exchange Binance, Changpeng "CZ" Zhao, has said the FTX fallout could be about to hit another crypto exchange, warning of "clear sign[s] of problems"...
Crypto exchanges Binance and Huobi blocked deposits of FTT, FTX’s native tokens, Sunday after about $400 million worth of the tokens were released out of schedule. FTT tokens follow an unlocking schedule wherein large batches of the tokens are periodically released. On Sunday, however, the tokens were released out of schedule without warning or communication from FTX or related parties. [Binance, Huobi Block FTT Deposits After $400M Worth of Tokens Illicitly Released](https://www.coindesk.com/business/2022/11/13/binance-huobi-block-ftt-deposits-after-420m-worth-of-tokens-illicitly-released/) The tokens were illicitly released from FTT’s main deployer address.
Traders Predict These 7 Coins To Pump 10x After Dogecoin Price Explodes With the DOGE price hitting $0.10 today and BTC holding well around $20 - $21k, all eyes are on cryptocurrency - what's the best crypto to buy now? Next Cryptocurrency to Explode Here's a rundown of what some of the best crypto traders on Twitter are tipping to be the next tokens to pump for those that missed out on the Dogecoin price action. [Traders Predict These 7 Coins To Pump 10x After Dogecoin Price Explodes](https://cryptonews.com/news/traders-predict-these-6-coins-could-pump-10x-after-dogecoin-price-explodes.htm) With the DOGE price hitting $0.10 today and BTC holding well over $20k, all eyes are on cryptocurrency - what's the best crypto to buy now?
Lately Dogecoin (DOGE) has been behaving more like a greyhound and less like the Shiba Inu that represents the meme-based cryptocurrency. The price of DOGE has increased 150% from $0.0594 to $0.15 since Tuesday – with the price surging 74% in the past 24 hours alone, CoinDesk data show. With the rally to six-month highs, DOGE has replaced Ethereum competitor Cardano's native token ADA as the sixth largest cryptocurrency in the world. At press time, DOGE, which was started as a joke in 2013, had a market cap of about 17.5 billion, while ADA had a market value of $14.5 billion. DOGE’s market cap currently exceeds that of more than 120 members of the S&P 500. [Dogecoin Replaces Cardano as 6th Largest Cryptocurrency](https://www.coindesk.com/business/2022/10/29/dogecoin-replaces-cardano-as-6th-largest-cryptocurrency/) DOGE’s market cap currently exceeds that of Cardano and more than 120 members of the S&P 500.
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