Crypto News

Web3 Wellness Platform Amino Celebrates Historic Career of Four-Time NBA Champion Klay Thompson in Inaugural Drop of the GRAILS NFT Collection

As the first drop in a series of NFT launches, the collection will be available on Binance NFT to celebrate the amazing careers and accomplishments of some of the world’s most recognizable athletes Amino, a new platform that is bringing health and fitness into Web3, has announced it is launching a new NFT collection to celebrate the incredible career of Klay Thompson, one of the famous “Splash Brothers” of the Golden State Warriors. The Warriors are the reigning champions of the NBA, and this collection features unique artworks from Klay Thompson’s 2015, 2017, 2018, and 2022 championship runs with the Warriors. Andrew Shore, the CEO of Amino, said in a statement that the Binance NFT marketplace is the perfect choice for the launch of the GRAILS collection. “Klay Thompson is a globally-recognized and beloved NBA superstar, and we are extremely excited to be kicking off our partnership with Klay’s NFT collection on Binance NFT to allow fans to be part of and experience his most iconic career moments in new and innovative ways,” he said. Amino says it is bringing health and wellness into Web3 and user engagement via NFTs. That is why the recognition of successful superstars is an important part of the company’s vision, Shore explained. To meet consumer demand for exclusive, high-end NFT drops, Binance NFT uses Mystery Boxes as part of its drops. These drops go on sale exclusively on the Binance NFT marketplace. The drop for the Klay Thompson collection is set to go live on October 18, 2022. The drop includes 10,000 Mystery Boxes at $50 each. Depending on rarity and exclusivity, some of these NFTs will include exclusive Klay Thompson memorabilia, from autographed jerseys, basketballs, and photographs, to live experiences and in-person and online access to events and other in-demand offerings. Every one of the 30 NFT collections set to be launched by Amino as part of the GRAILS project will celebrate iconic athletes across a range of sports. All of the drops will include rare NFTs that unlock special experiences and memorabilia, thereby helping to connect users not just to online, Web3 experiences but to real-world, in-person, and physical items and assets. Users can follow news about the Klay Thompson GRAILS drop on Twitter at @aminorewards and @thebinanceNFT. Amino says that future drops and athletes will be announced as part of this exciting new collection. Amino positions itself as a health and fitness ecosystem that brings personal wellness into Web3.  It has a unique suite of personal fitness apps, premier athlete NFTs and Metaverse gaming for users to earn by staying active and “being the best version of themselves”.

Crypto News

Bitcoin (BTC) Price Ahead Of Monthly Close, Go Big Or Go Home

BTC price trades below 50 and 200 EMA on the daily timeframe despite showing some relief strength.  BTC rally caught short as price continued to range. The price of BTC must close above $21,500 ahead of the monthly close as bulls sweat over price movement.  The price of Bitcoin showed strength as Bitcoin (BTC) bounced from its weekly low of $18,500 after the increase in interest rate affected its price negatively. The price of Bitcoin has since struggled to regain its bullish run. It has to a region of $25,000 with the monthly candle just a few hours away from closing. Many traders and investors hope for a better month ahead as the BTC movement has seen little to no volume for a long time. (Data from Binance) Related Reading: Why Most Public Bitcoin Miners Have Performed Terribly In Their Lifetimes Bitcoin (BTC) Price Analysis On The Monthly Chart On the monthly chart, the price of BTC has seen more downside than upside, falling from a region of $69,500 to a current value of $19,450, where the price is struggling to close the month on a positive note. BTC’s price needs to close above $21,500 to begin a small relief rally, as it has continued to trade at its previous all-time high and has tested the region numerous times, with the area acting as support looking weaker with each retest. BTC must break and hold above the $21,500 resistance with good volume in order to restore a relief bounce. If the price of BTC remains in this current structure and refuses to break higher, we could see it retest $17,500 support and possibly a lower support area of $17,000 on the Monthly chart if there is a sell-off. Monthly resistance for the price of BTC – $21,500. Monthly support for the price of BTC – $18,000. Price Analysis Of BTC On The Daily (1D) Chart In the daily timeframe, the price of BTC continues to trade below key resistance as the price remains in a range to break above to higher heights.  The price of BTC on the daily chart showed strength to break out above $20,500 as the price faces rejection in an attempt to break out of its range-bound movement.  The price of BTC trades at $19,460 below the 50 and 200 Exponential Moving Average (EMA). The prices of $20,500 and $28,000 correspond to the prices at 50 and 200 EMA for BTC on the daily timeframe.  BTC needs to break and close above $20,500 for the price to gain momentum as the current price action hasn’t been favorable for BTC’s price.  Daily resistance for the BTC price – $20,500. Daily support for the BTC price – $18,000. Related Reading: ApeCoin Performance Could Attract The Whales – How About The Bulls? Featured Image From Dictionary, Charts From Tradingview

Altcoins Analysis Bitcoin Blockchain

MEXC’s M-Ventures Completes Brand Upgrade As Scaled Capital Reaches $200 Million

MEXC's M-Ventures Completes Brand Upgrade As Scaled Capital Reaches $200 Million

At the MEXC afterparty “M&M Launcher,” which took place on September 28, during the Token2049 event in Singapore, MEXC Exchange officially announced that its fund had been upgraded to M-Ventures and received a new management group. Through strategic investments, mergers and acquisitions, funds of funds, and project incubation, the upgraded M-Ventures is a comprehensive fund […]

Crypto News

Solana Price Fails To Break $34 Again, What Could This Mean?

SOL price trades below 50 and 200 EMA on the daily timeframe despite showing some relief strength.  SOL rally caught short as BTC price continued to range. The price must hold $30 support or face a drop-down to a weekly low.  The price of Solana (SOL) has recently shown some bullish strength, but it has struggled to break above key daily resistance against tether (USDT). Solana (SOL) prices have continued to fluctuate as bulls and bears play chess with SOL. SOL’s lack of bullish strength has left many traders and investors perplexed as to where it might go next. (Data from Binance) Related Reading: QUANT Basks In Green As QNT Coin Surges 35% On 7-Day Rally Solana (SOL) Price Analysis On The Weekly Chart  After bouncing from its weekly low of $30 as a price rally to a high of $45 before facing a stip rejection, the price of SOL has recently declined, and the price has continued to struggle to rejuvenate its bullish trend. The price of SOL remains marginally above a key support level of $30; this level of support is acting as a good demand zone for buy orders. For SOL to have a chance to trend higher, the price must break through its weekly resistance of $35. To restore a relief bounce, the price of SOL must break and hold above the $35 resistance with good volume. This area of resistance has kept the price of SOL from rising. If the price of SOL continues to reject $35, we could see a retest of $30 support and possibly a lower support area of $24 on the weekly chart if there is a sell-off. If the price of SOL breaks and holds above $35, it could spark a major rally to a region of $45-$58, which has historically been a difficult area for SOL price to break out of. Weekly resistance for the price of SOL – $35. Weekly support for the price of SOL – $30. Price Analysis Of SOL On The Daily (1D) Chart In the daily timeframe, the price of SOL remains below key resistance as it attempts to break above higher levels. After forming a downtrend line that acts as a resistance for SOL price, the price of SOL has shown strength as it faced rejection in an attempt to break out of its downtrend range. SOL’s price is $33 below the 50 and 200 Exponential Moving Averages (EMA). On the daily timeframe, the prices of $35 and $55 correspond to the prices at the 50 and 200 EMA for SOL. A break and close above $35 could see the price of SOL rally high to a high of $45 and higher. Daily resistance for the SOL price – $35-$45. Daily support for the SO price – $30. Related Reading: Bitcoin Price Climbs Upward With Trading Volume At A 3-Month High Featured Image From NewsBTC, Charts From Tradingview

Bitcoin Crypto News

MEV Crypto Bot Gains $1M But Loses Same To Hack Same Day

Hacks and exploits are increasingly taking more root in the crypto space. With the acceptance of digital assets globally, crimes also grow. The criminals use more technological approaches to aid their exploitation and hacks on protocols and platforms. A slight and negligible loophole is enough to result in these exploits. MEV bot, an Ethereum arbitrage trading bot, amassed a whopping $1 million as a jackpot prize. However, the joy of its gains was short-lived as events turned out negatively for it some hours later. Before adequately reflecting on the tremendous value, a hack wiped the gains. Related Reading: QUANT Basks In Green As QNT Coin Surges 35% On 7-Day Rally MEV Bot’s Crypto Gains Came Through Arbitrage Trading Opportunity Robert Miller, an employee of Flashbots, a research firm, took to Twitter to report the attack. He noted that the Maximal Extractable Value (MEV) bot with the prefix 0xbadc0de earned Ether through arbitrage trades. He said the bot gained up to 800 ETH worth about 1 million in the works. The bot leveraged a considerable arbitrage opportunity from trader sales from Miller’s explanation. The transaction involved about $1.8 million in cUSDC via Uniswap v2, a decentralized exchange (DEX). The trading yielded just $500 assets in return. Upon detecting the advantage, the bot immediately utilized its availability to obtain a huge earning. But the bot’s gain could not stay much longer when a hacker discovered a vulnerability in its lousy code. The bad actor used the lapse to trick it into authorizing a transaction. The hacker wiped the bot’s balance, about 1,101 ETH. PeckShield, a blockchain security company, revealed that the bug is traceable to the bot’s callback routine. This served as the loophole for the exploit through which the hacker approved an arbitrary address for spending. Similar Vulnerability Attack Vulnerability attacks on the crypto space are skyrocketing. For example, an Ethereum vanity address generator, Profanity, recorded a vulnerability exploit on September 18. The attack ended with a loss of $3.3 million worth of funds from different wallets. 1Inch Network, a DEX aggregator, investigated the exploit. The DEX discovered some ambiguity in the creation of the compromised wallets. It warned the wallet users to move their funds due to the risk associated with their use. Related Reading: Bitcoin Notches Highest Trading Volume In Over 3 Months, Binance Data Shows There was another exploit on a vanity wallet address just a week after that of Profanity. The attack resulted in the loss of some Ether valued at approximately $1 million. The hackers moved their proceeds to Tornado cash, the crypto mixer which was recently sanctioned. Featured image from Pixabay, Chart: TradingView.com

Crypto News

ApeCoin Performance Could Attract The Whales – How About The Bulls?

ApeCoin has recently made it to the top 10 in terms of trading volume from over 100 of the largest ETH whales as seen in the past 24 hours. APE made it to the top 10 in terms of trading volume ApeCoin’s MRV has been seeing sustained growth APE price up by 1.46% The Bored Ape Yacht Club isn’t running out of cards to play with the integration of a new staking rewards program that caught the attention of many ETH whales. The developments surrounding the BAYC token could be the main culprit for its recent popularity. The buoyancy experienced with the increase in whale interest is just one of the many impressive developments happening for APE. Related Reading: QUANT Basks In Green As QNT Coin Surges 35% On 7-Day Rally ApeCoin Bullish Technical Indicators For one, ApeCoin’s MRV has been seeing sustained growth and doing tremendously well over the past month. With all of these positive indicators flashing, investors will see this as a bullish streak for APE. Additionally, APE’s market capitalization has also surged from $1.46 billion to as much as $1.65 billion as of this writing. According to CoinMarketCap, the APE price has skyrocketed by 1.46% or trading at $5.40 as of this writing. However, APE’s trading volume has seen a massive reduction from 590.45 million to 141.08 million. ApeCoin also registered a drop in terms of activity which shows the limited wallet transactions. Based on this scenario, the APE price could sink below the $5.135 key support line in the coming days. Moreover, the altcoin’s RSI at 39.64 and CMF at -0.03 also demonstrate a bearish movement. Based on the APE chart, there really isn’t much traction noted since its launch in March. Notably, APE has plunged by as much as 80% from its ATH with NFT demand going down; the demand for APE also dwindled down. There is really so much going on in the NFT market that is causing the sideways motion of ApeCoin. BAYC Innovates With Rewards Staking Program If there’s one thing really impressive about the BAYC, it is the creators who continuously reinvent themselves and innovate their brand to be more relevant to their target market. Its staking rewards program is one of its huge developments so far. With a rewards staking program, the crypto is locked up for a certain period at which you’re not allowed to trade it but it generates passive income for you as the owner. By letting someone gain access to your crypto for a prescribed time, you earn rewards. Staking rewards are extremely popular with investors because you gain more revenue by staking your altcoin especially if it’s relatively going up in value. The sneak peeks of the ApeCoin rewards staking program were rolled out on September 3. Recently, on September 22, Apecoin revealed that the rewards staking program will go live on October 31. Related Reading: Bitcoin Notches Highest Trading Volume In Over 3 Months, Binance Data Shows APE total market cap at $1.65 billion on the daily chart | Source: TradingView.com Featured image from MakeUseOf, Chart: TradingView.com

Crypto News

Sam Bankman-Fried Eyes On Bidding For Celsius Assets

Celsius Network is a cryptocurrency lending firm headquartered in New Jersey. Though it maintained its offices in four countries, the company’s operation was global. Celsius allowed users to deposit different crypto assets while offering a percentage yield as a reward. Also, customers could get loans from the platform through a pledge of some digital assets as securities. Many crypto-related firms were affected during the severe crypto winter in the first half of 2022. The collapse of the algorithmic stablecoin Terra and its ecosystem magnified the crisis in the crypto space. Celsius was one of the struggling firms that experienced a more significant impact from the situation. Related Reading: Ep01- Dr. Ruja – Companion Guide For BBC’s “The Missing Cryptoqueen” Podcast The company could not survive the heat of the prolonged bearish trend. According to some industry participants, the lending firm had to struggle more due to its outrageous rates on yields. Subsequently, it became bankrupt, stopped all withdrawals on its platform, and filed for Chapter 11 bankruptcy protection. SBF To Bid For Celsius Assets Following insolvency, a reporting source disclosed that Celsius assets are up for bidding. According to the report, the founder and CEO of FTX crypto exchange, Sam Bankman-Fried, plans to participate in bidding for the assets. Despite the overall crypto market decline today, the native token of Celsius, CEL, surged by 10% following the SBF statement. However, the token dipped after a few trading hours. At the time of press, CEL is trading around $1.51 depicting an increase of 1.22% over the past 24 hours. The recent move from the SBF synchronizes with the vision of his companies, Alameda and FTX. Through the bearish crypto trend in the first half of the year, the firms have been making several purchases in the crypto industry. SBF had a deal with BlockFi, one of the struggling crypto lending companies. Also, there are reports of SBF’s possible acquisition of Robinhood. However, the authenticity is still doubtful as it could all be part of rumors. In the latest development, FTX just won its bid for the assets of the insolvent Voyager Digital. The assets have an estimated value of about $1.4 billion. The company came out at the top after an auction that took two weeks with Binance and others as bidders. FTX will use West Realm Shires Inc., its US subsidiary, to acquire the assets. Alex Mashinsky, CEO Of Celsius Network Resigns Recently, Alex Mashinsky, the CEO of the Celsius Network, tendered his resignation letter. The executive announcement was on Tuesday, September 27, to the Special Committee of the Board of Directors of Celsius Network. Related Reading: Fantom Surprises With 5% Rally In Last 24 Hours – More Gains Ahead? Mashinsky’s resignation cuts across all his positions in the firm. These include his position as the CEO and other positions and directorships at various company subsidiaries. Featured image from Zipmex, Chart: TradingView.com