TU Crypto News (EN) Telegram Channel

🚀 Stay on top of all major crypto news with the Traders Union team of leading journalists 💰

➡️ For partnership: @tu_adv

❗️Any information in this channel is not investment advice.

View in Telegram

Recent Posts

🐶

Elon Musk pumps DOGE again

Memecoin DOGE showed the maximum growth (+6.8% overnight) among the Top 20 cryptocurrencies amid another tweet from Elon Musk.

➡️ The billionaire announced that a Shiba Inu dog will be the official mascot of the new Department of Government Efficiency that he wants to head.

While this is probably nothing more than another joke from Musk, investors have reacted more than positively to it.

☄️

Crypto-fraudsters spoof the broadcast of the iPhone 16 presentation

Attackers launched a fake broadcast of Apple's presentation using a dipfake image of the company's CEO Tim Cook.

👉 The Apple CEO ‘offered’ to send cryptocurrency, promising that Apple would refund double the amount.

Some of the fake streams racked up hundreds of thousands of views, and one of the accounts where the broadcast took place was labelled authentic.

⚡️

Metaplanet builds up bitcoin reserves

Japanese investment company Metaplanet has invested an additional $2 million in bitcoin.

At the same time, its total reserves reached $26 million (398.8 BTC).

Metaplanet is quite successfully inheriting the example of the American corporation MicroStrategy Michael Saylor. Metaplanet's share price has grown 5 times in the last six months.

🔼

Bitcoin-ETFs are back in the green zone

After a prolonged outflow, spot bitcoin funds are showing inflows again: +$28.7 million at the end of the previous trading day.

🔹 Ethereum-ETFs remain in a slight minus: -$5.2 million.

It seems that the bulls are gradually regaining control over the situation.

🇺🇸 Losses from crypto fraud in the US exceeded $5.6 billion.

👮‍♂️ As of the end of 2023, the FBI's Internet Crime Complaint Center received more than 69,000 complaints from Americans totaling $5.6 billion.

➡️ According to the FBI report, this represents a 45% increase compared to the previous year.

➡️ Nearly $4 billion of these losses (71%) stem from investment fraud.

➡️ About $560 million (10%) come from call center fraud and impersonation of government officials.

People over the age of 60 are the most vulnerable demographic group. Their losses exceeded $1.6 billion.

◻️ SunPump Announces Strategic Partnership with OKX Wallet

💥 The meme-coin creation platform SunPump, launched in August, promises its users integration with the popular OKX Wallet.

➡️ The strategic partnership will expand trading opportunities for meme-coin creators on the Tron blockchain and give them access to over 50 million OKX Wallet holders.

➡️ For SunPump, this is crucial to effectively compete with the Pump fun platform on Solana.

➡️ In turn, wallet holders are promised access to a rapidly growing meme token ecosystem, portfolio diversification, and new investment opportunities in exchange for "energy subsidies."

iPhone price in BTC 🪙

Today Apple held another presentation of its new devices🍏

Thanks to what, we can see how much BTC was required to buy the released iPhone

📱

The dynamics are very positive📈

I hope you didn't buy an iPhone4s for 162 BTC in 2011😁

🔐 Chainalysis Video Leak Confirms the Ability to Track Monero Transactions

👀 Chainalysis initially published, then deleted, a video allegedly demonstrating the ability to track Monero transactions.

➡️ According to Cointelegraph, the leaked video likely confirms that specialists have been tracking transactions on the "private" Monero network since at least 2021 by launching their own nodes around the world.

➡️ This allows them to gather information on IP addresses and transaction timestamps.

➡️ The leaked video has sparked heated discussions, as back in 2020, the US Internal Revenue Service (IRS) held a competition for developing tracking technology, which saw 22 companies participate.

☄️ The winners were Chainalysis and Integra.☄️

🟠 ☝️ Binance and Bybit Report Reserves: What's New?

🟠 According to the latest reserves report, Binance clients collectively hold 605,000 BTC, which is 1.27% less than in the previous period.

➡️ETH reserves – 4.486 million – decreased by 4.58% or by 215,000 ETH.
Meanwhile, Tether showed growth to 22.11 billion USDT (+4.34%).

➡️Bybit'sBTC reserves increased to 49,000 BTC (+2.15%), ETH deposits amounted to 352,000 (+3.07%), while USDT reserves fell by 1.47% to 3.12 billion USDT. 💥

The fluctuations in cryptocurrency reserves have reflected investor concerns regarding market volatility and the search for new trading opportunities.

🔥

More than 1,000 companies and funds have invested in bitcoin-ETFs

Eric Balchunas announced that the number of institutional investors in spot Bitcoin ETFs has exceeded one thousand.

Institutional investors are clearly interested in the first cryptocurrency - waiting for it to finally show significant growth

🪙

Bitcoin at $90,000?

Analysts at Bernstein predict that the price of bitcoin could reach $90,000 by the end of the year if Donald Trump wins the US presidential election.

👉 If Kamala Harris wins, however, it is expected to decline to levels of $30,000-40,000. Trump supports the cryptocurrency industry and has promised to make the US the ‘bitcoin capital of the world’.

While Harris has not publicly expressed her stance on digital assets. Analysts noted that the cryptocurrency industry has faced regulatory and macroeconomic challenges under the Biden administration.

💡

Cryptotaxi in El Salvador

After BTC was legalised in the country, a local taxi driver launched his own taxi business that allows you to pay for your fare with bitcoin.

📌 The man was having money problems and one of his passengers recommended that he start accepting cryptocurrency payments.

He now has 21 drivers working for him, and thanks to the business he has been able to buy several cars and pay for his children's education.

💸

Bloomberg: continuous outflows from bitcoin-ETFs exceed $1.2bn for the first time

US bitcoin-ETFs lost $1.2bn in the longest period of net outflows since the instrument was launched in early 2024.

The outflows come amid a challenging period for equities and commodities. The reason for this was concerns over economic growth as well as US employment data.

📊

Comparison of the number of transactions in Ethereum's L1 blockchain and its L2 tiers

As you can see, Base leads the way with 4.2 million daily transactions (a historical high), which is almost 4 times more than in the core network

📉 The ‘anti-leader’ is Polygon with 12 thousand transactions.

🪙

Japan's energy giant has become a bitcoin miner

Agile Energy X, a subsidiary of Tokyo Electric Power, has started mining bitcoins using surplus green energy in Tochigi and Gumma prefectures in Japan.

✔️ The company will focus on regions where surplus electricity often remains.

It is estimated that using just 10% of this energy could generate up to $2.5bn a year through mining.

⚡️

Crypto-traders hedge risks with the help of stablecoins

The total capitalisation of stablecoins grew by $4.7bn between July and September, while open interest on exchanges fell by 25% over the same period.

📉 This means that trading activity is now decreasing, and many traders prefer to wait out the period of instability at the expense of USDT, USDC and other stablecoins.

But experts predict that the situation will change again as soon as the market returns to growth.

🔽

Friend.tech platform token collapses after management decision

The token of the decentralised social network Friend.tech fell 2 times in a day after ‘burning’ control keys for smart contracts.

❗️ The project management deliberately moved the administrator's data to a zero Ethereum address to prevent changes in algorithms and rules of the platform.
Nevertheless, this move came as a surprise to the community, which was expecting further development of the project, including the launch of its own blockchain.

The total blockchain value (TVL) of the Friend.tech project fell 10 times compared to the figures at the end of 2023.

📌TOP OF THE WEEK

❄️

The Cardano network has undergone a Chang hardfork

🔝Token unlocks in September

🆕

The former CEO of Mt.Gox is creating a new exchange

🟠

Activity on the Bitcoin network has fallen by 30 per cent

☄️

Pavel Durov commented on his arrest in France

📉Worst week for the S&P 500 this year

🔻 Justin Sun proposes to halve the network fees

🔻 Justin Sun proposes to halve the network fees

❓ Starting next week, participants in the Tron ecosystem, led by Justin Sun, will begin discussions on network development plans.

➡️ According to Sun, they include halving the network fees from 420 SUN to 210 SUN and increasing smart contract processing by 25%.

➡️

Justin Sun pointed out that these changes will improve the efficiency of TRX staking and reduce operational costs within the Tron network.

➡️ It is expected that these adjustments will significantly impact the Tron ecosystem, potentially increasing daily transaction volumes by 200%.

Currently, the network processes about 7 million transactions per day, but this figure could rise to 20 million, matching the volume observed in Solana.

See more posts

View in Telegram