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Insider Alpha shared insights on $SPONGE, the meme coin that captivated investors last year and generated significant profit from its initial launch price, showcasing remarkable returns. Now boasting an expanded ecosystem of token applications and poised to dominate the next bull cycle, Sponge V2 builds upon its predecessor’s remarkable 4,000% gain post-listing on Poloniex, Gate.io, LBank, MEXC, and more. Its dedicated community eagerly awaits this reimagined utility model, aiming to replicate past success while forging a new path. Sponge V2 expands ecosystem – Staking and P2E open new avenues for growth Sponge V2 seamlessly extends the legacy of the meme token, which originated in May 2023. With its relaunch, the project aims to replicate past market success, implementing significant changes like the introduction of Stake-to-Bridge models. This evolution also encompasses the debut of a play-to-earn game, with the Sponge Racer game taking a prominent role. Available in...

Cardano’s founder opposes the idea of a settlement between Ripple and SEC. Pundits argued Ripple might be compelled to burn $20 billion worth of XRP in its escrow. Speculation rises on a potential Ripple-SEC settlement as crucial case hearing dates approach. Speculations about a potential settlement in the drawn-out legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) are rapidly gaining momentum as crucial dates for the case hearing loom. Of particular note, February 12 marks the commencement of a comprehensive examination of the remedies briefing in the SEC vs. Ripple case.  With this date being two weeks away, some crypto community members speculate that a settlement term may require Ripple to incinerate the over 40 billion XRP tokens held in escrow. Considering XRP’s market value of $0.51, that amounts to setting over $20 billion on fire.  Notably, this speculation draws parallels from the SEC vs. LBRY lega...

Myro’s value dropped by over 35% in the past week, sparking investor interest in finding a meme coin with better long-term potential. Having surged 50x since November, MYRO currently trades at approximately $0.104, experiencing a 22% decline in the last 24 hours, leaving holders uncertain about its future value. The token’s recent decline lacks a clear trigger, as numerous experts attribute it to profit-taking following the earlier substantial surge. Despite hitting a 2024 high of $0.26 on January 19, $MYRO couldn’t sustain it. Myro’s 14-day RSI stands at 49.32, signaling a neutral state. With a current value of $0.134, Myro has support levels at $0.120 and $0.089, while resistance levels are at $0.150 and $0.181. Achieving $1 in 2024 requires an over 800% increase, but uncertainties arise from competition, regulations, and potential obstacles. As MYRO’s price remains uncertain, only time will reveal if it’s a brief setback or the beginning of a mo...

The US imports its debt around the world making other countries carry the risk of hoarding the currency. The rising US dollar is now a cause of concern for Africa as countries on the continent are unable to repay their debt. As the US dollar rises, nations in Africa have to shell out a bigger amount for debt repayment leading to a deficit. For the uninitiated, a trade deficit occurs when a nation imports more than it exports in a financial year. However, BRICS member China is making use of the opportunity by pushing the Chinese Yuan ahead of the US dollar in Africa . Also Read: BRICS Continue Gold Buying Spree in 2024 BRICS member China is encouraging Africa to use local currencies like the Chinese Yuan and ditch the US dollar. Africa stands to gain in this situation as the Chinese Yuan is cheaper for debt repayment than the US dollar. The development plays straight into the hands of BRICS who kickstarted the de-dollarization process. Also Read: BRICS: China Stockpil...

Key takeaways Bitcoin is up by 3% in the last 24 hours and is now trading above $43k once again. Memeinator is set to conclude the 13th stage of its presale and has raised nearly $4 million so far.  Bitcoin now trading above $43k The cryptocurrency market has been bearish over the last two weeks. However, the trend is changing and Bitcoin has recovered some of its lost value. Bitcoin is up by more than 3% in the last 24 hours and is now trading above the $43k level again. At press time, the  price of Bitcoin stands at $43,365 per coin. Bitcoin’s positive performance has spread across the broader market, with the total cryptocurrency market cap now above $1.65 trillion. The rally comes as investors expect the US Federal Reserve to maintain its current interest rate. However, if the Fed is to reduce interest rates, BTC and other cryptocurrencies could rally higher in the short term. With the market looking promising, this might be a good ...

Amazon MGM Studio is developing a movie based on the Bitfinex hack. The movie will focus on the criminals linked with the hack, Ilya Lichtenstein and Heather Morgan.  The New York Times is involved in the movie’s production. Entertainment company Amazon MGM Studio is developing a movie based on the true story of Ilya Lichtenstein and Heather Morgan, the criminals who were linked with the 2016 Bitfinex hack. The married couple were charged with conspiracy to launder money in 2022 by the U.S. Department of Justice, pleading guilty to orchestrating a $4.5 billion money-laundering scheme related to the infamous hack.  The movie is reported to be inspired by a 2022 article in the New York Times. The newspaper is also involved in the production, with American writer and director Hannah Marks, who will direct and write. Moreover, reports showed that “Riverdale” American actress Lili Reinhart and film producer Catherine Hagedorn will produce the movie.  ...

Samson Mow has outlined several macro metrics to watch while predicting Bitcoin’s behavior. Cypherpunk supported Mow’s observation, showing evidence of ongoing Bitcoin accumulation on Bitfinex. Bitcoin recovered from a drop to $38,505 and traded above $40,000 at the time of writing. Prominent Bitcoin supporter Samson Mow has outlined several macro metrics to watch while predicting Bitcoin’s behavior. Mow identified ETF inflows, Hashrate, Bitfinex whale accumulation, and the 200 WMA trend as some of the crucial indicators to watch for bullish signals. These are the #Bitcoin macro indicators I’m looking at: ️ ETF inflows ️ Hashrate ️ Finex whale accumulation ️ 200 WMA trend ️ Tether USDt AUM ️ Govt interest payments on debt ️ Debt GDP ratios ️ Nation-state Bitcoin adoption ️ Real inflation ️ M3 money — Samson Mow (@Excellion) January 28, 2024 The Bitcoin product merchant Cypherpunk supported Mow’s observation, sharing a screenshot to show an ongoing ...

Google, a subsidiary of tech conglomerate Alphabet, is on the verge of a significant policy update set to take effect on Jan. 29, which could alter the landscape of cryptocurrency advertising. Now that the U.S. Securities and Exchange Commission’s (SEC) approved 11 spot Bitcoin (BTC) ETFs on Jan. 10, Google is expected to amend its rules and enable asset managers to advertise these products to a broader U.S. audience. This move follows Google’s recent decision to broaden its crypto currency and related products’ policy , now providing advertisers with specific guidelines for promoting what it calls “ crypto currency coin trusts.” Advertisers eager to capitalize on Google’s platform, renowned for its expansive reach and high search volume, will now require certification to ensure compliance with the tech giant’s stringent requirements. The significance of this development is highlighted by the Grayscale Bitcoin Trust (GBTC) converting to a spot Bitcoin ETF, coupled with ...

Tether transferred $230 million worth of USDT tokens to Bitfinex. The significant USDT inflow to the renowned exchange sparked bullish sentiments. This transfer comes amid the relief rally in the crypto market after weeks of downturn. In a significant transaction that has sparked interest across the crypto community, Tether’s Treasury has initiated a transfer of multi-million dollars’ worth of USDT tokens to the renowned exchange, Bitfinex. According to data shared by Whale Alert, a prominent tracker of large crypto transactions, the transfer involves a staggering 230,000,000 USDT. The transaction was valued at approximately $229,956,875 at the time of the disclosure. 230,000,000 #USDT (229,956,875 USD) transferred from Tether Treasury to #Bitfinexhttps://t.co/5YJgQfycJA — Whale Alert (@whale_alert) January 26, 2024 While not unusual, this move draws attention due to its substantial volume and implications for market dyna...

26% of coins experienced positive shifts today, a rebound from yesterday’s low outing. Leading the gainers is Gemini Dollar, boasting an impressive 63.05% surge in the past 24 hours. In contrast, Dogwifhat is today’s biggest loser, with an 11.22% decline over the same period. Biggest Crypto Gainers Today – Top List Turning attention to the yearly performance of individual coins, UMA takes the spotlight as the best performer in 2022, boasting a solid gain of 137.29%. Conversely, Tellor has struggled since the beginning of the year, experiencing a notable loss of -70.44%. Meanwhile, BlackRock’s Bitcoin ETF is the first to reach $2B under management (AUM). 1. SATS (1000SATS) SATS had a successful trading session capped by an entrance into the top crypt gainers today. Along this line, SATS is trading at $0.0004807; it marks a 25.28% surge in the past 24 hours, accompanied by a robust trading volume of $231.92 million. On December 26, 2023, it reached an all-tim...

DOT eyed a rise to $7, wile TON’s drop below $2 could be imminent. ADA might drop to $0.455 while AVAX could target a jump to $33.35. XRP’s momentum was weak, suggesting a move below $0.50 in the coming days. The last few days have been torrid for the crypto market as many altcoin prices failed to recover. Coin Edition evaluated the performances of some cryptocurrencies including Ripple (XRP), Cardano (ADA), Avalanche (AVAX), Polkadot (DOT), and Toncoin (TON). While there were attempts to push prices up, most were not successful. For those who jumped slightly, the movements were short-lived. At press time, XRP’s price was $0.51—a 6.98% seven-day decrease. ADA changed hands at $0.46, indicating that the token’s value had fallen by 6.11%. A look at CoinMarketCap showed that AVAX was not any better as the price decreased to $30.64. DOT’s value dropped by 9.35% while TON slid by 5.16% within the same period. But with a new week coming up, market particip...