DeFi News Today Official TheBitTimes.com

Crypto bounced back from yesterday’s market crash, led by Solana and Binance Coin, as Tron founder Justin Sun took the opportunity to buy the dip with a $37 million investment in Ethereum. The crypto industry’s market capitalization soared more than 9% after yesterday’s carnage with  Solana (SOL) surging 23% $142.47 and Binance Coin (BNB) jumping 18% to $489.40 as of 2.45 a.m. EST. Tron founder Justin Sun saw an opportunity to add to his recent ETH accumulation by purchasing 14,884 ETH on Monday, according to an Aug. 6 X post by Spot On Chain. With this recent purchase, the amount of Ethereum he has scooped up since February stands at 392,474 ETH. Bitcoin Hits $55k After Slumping Below $50k During The Market Crash Market leaders Bitcoin (BTC) and Ethereum (ETH) printed substantial gains. After falling below $50K yesterday, BTC recovered to trade above $55K. Similarly, ETH was able to reclaim the $2,500 support after it plummeted to its lowest level since...

Choosing the best cryptocurrency to invest in requires a thorough evaluation of various factors including market trends, and individual project strengths. This guide provides insights into the best cryptocurrencies currently available for investment. The cryptocurrency market is known for its volatility and unpredictability. However, it has also yielded significant gains for long-term investors. This article examines the best crypto to buy now for potentially reliable long-term returns. The selection is based on market trends, performance, and the evolving utility and adoption of these tokens. Best Crypto to Buy Now The DAWGZ token has seen significant success, hitting a $2.7 million milestone during its ongoing presale phase. Jupiter Exchange has proposed reducing the supply of Jupiter (JUP) tokens allocated to the team. Additionally, Frax has partnered with Atoma to incorporate AI technologies into DeFi. 1. MANTRA (OM) MANTRA is a Security Real-World Asset Layer 1 Blockchain des...

Exploring Order Book DEXs! Decentralized exchanges (DEXs) have revolutionized the cryptocurrency market by allowing peer-to-peer trading without the need for a central authority. Among the various types of DEXs, order book DEXs stand out for their approach to handling trades, providing a familiar interface to those accustomed to traditional financial markets. Let’s dive into what order book DEXs are, their benefits, and why they are becoming an integral part of the DeFi ecosystem. What are Order Book DEXs? Order book DEXs use a system where buy and sell orders are recorded in a list, known as the order book. This system is akin to what is seen in traditional stock exchanges. Traders place orders that specify the price at which they are willing to buy or sell an asset. When a buy order matches a sell order, a trade is executed. Benefits of Order Book DEXs Price Transparency Order book DEXs offer a clear view of the market depth, showing all the current buy and sell orders. This t...

AI meme coin WienerAI is proving to be the safer play for crypto investors as Mt. Gox and DOJ bitcoin transfers add sell-side wariness to the bitcoin market. Meme coin AI trading platform WienerAI ($WAI) has attracted nearly $9 million in contributions to its presale, making it one of the largest ICOs of the year. Investors clearly see the potential for sizeable profits because of $WAI’s market positioning as a meme coin with excellent utility.  Let’s face it, just about everyone in crypto is on the hunt for the next 100x gem. Not only is WienerAI one such coin, but its AI trading chatbot promises to unearth many more such gems as it becomes an indispensable research tool. But adding to the allure of WienerAI is the uncertainty hanging over the bitcoin market, where 59k BTC has been transferred to centralized exchanges as part of the Mt. Gox distribution to creditors. Meanwhile, the US Department of Justice transferred 29.8k BTC to two mystery ad...

The Apu Apustaja price surged 22% in the last 24 hours to trade at $0.0007726 as of 4 a.m. EST on trading volume that dropped 14% to $15 million. The project is a Pepe clone that distinguishes itself with several unique Features , including a sad expression and a child-like appearance. However, the reason behind its recent price surge is yesterday’s announcement on X, in which the project’s team said that July 25 was a special day for the $APU community. As of yesterday, and for the remainder of the 2024/25 Season, Apu Apustaja will be an official partner of the globally renowned Serie A Italian Soccer Team, Udinese Calcio. Henlo 🐸 Today is a special day for us here at the $APU Community 🎉 Starting today and for the remainder of the 2024/25 Season, Apu is an official partner of the globally renowned Serie A Italian Soccer Team, Udinese Calcio! ⚽️ This partnership is just another step in Apu's… pic.twitter.com/v0zpwAm7Y8 — Apu...

The S olympics price skyrocketed 350% in the last 24 hours to trade at $0.003470 as of 03:55 a.m. EST on trading volume that surged to $4.89 million. The new S olympics meme coin on the Solana blockchain aims to establish itself alongside other major blockchain titans. Solympics Price To Continue Its Surge To A New ATH S olympics Price Chart Analysis Source: GeckoTerminal.com The S olympics price soared after its launch yesterday to $0.0019 before going on a correction to find support at $0.000795, according to data from GeckoTerminal . The price of S olympics then rebounded to form a rounding bottom pattern, which the bulls then used to push the token up, recording an all-time high at $0.0042. SOLYMPICS price bulls are looking to push the price up, capitalizing on the rounding bottom pattern, as the asset continues to trade above the 50-day Simple Moving Average (SMA). Moreover, the Relative Strength Index (RSI) trades up within the overbought region at 76, which ...

The Turbo price has pumped by 45% over the last 24 hours to trade at $0.006314 as of 8:00 a.m. EST.  Turbo Price Prediction: Where Next? Analysing Turbo price charts, we see that the Turbo price has been consistently touching or staying near the upper Bollinger Band at 0.006381, indicating strong bullish momentum. The middle band, currently at 0.006202, is acting as a support level, showing that the price has been maintained above this level, indicating a continued uptrend. The lower band is around 0.006023, showing the range within which the price could fall if there is a reversal. The price has shown a consistent upward trend, with minor pullbacks, maintaining its position near the upper Bollinger Band. This suggests intense buying pressure. The ADX is at 34.97, indicating a strong trend. ADX values above 25 generally indicate a strong trend, up or down. The rising ADX line suggests that the current bullish trend is gaining strength. On the other hand, the volume oscillato...

Indian crypto exchange WazirX was hacked for over $230 million, mostly in Shiba Inu (SHIB), with on-chain sleuth Elliptic blaming North Korea. The stolen funds accounted for 45% of the platform’s total $500 million reserve holdings. Of the cryptos that were moved during the incident, Shiba Inu (SHIB) accounted for the lion’s share with $100 million worth of the meme coin being stolen Ethereum (ETH) worth $52 million was also stolen, as well as $11 million in MATIC and $6 million in PEPE, according to Lookonchain.  Update:#WazirX has ~$230M in assets stolen. Including: 5.43T $SHIB($102M) 15,298 $ETH($52.5M) 20.5M $MATIC($11.24M) 640.27B $PEPE($7.6M) 5.79M $USDT 135M $GALA($3.5M) … ‼️Please note that the hacker is selling these assets!https://t.co/1uOozAVeM1 https://t.co/ogtVSFITK9 pic.twitter.com/3vPmxqXwbL — Lookonchain (@lookonchain) July 18, 2024 The  SHIB price plummeted on the news and is down more than 7% in the past 24 hou...

The crypto market is showing signs of recovery, with several coins rebounding from recent lows and others continuing their upward trajectory. Despite recent market fluctuations, there’s optimism for a bullish trend ahead. As of today, the total crypto market cap stands at $2.16 trillion, showing mixed performance with some notable gainers alongside minor pullbacks. This article will explore several promising alt coins poised for potential growth in the coming months. Notcoin (NOT) Notcoin has recently turned its bearish trend around, with a 42% increase in the last seven days, dominated by bullish activity. The Notcoin team has introduced ‘Explore,’ a new feature within its Telegram app that lets users discover new games and earn rewards. This initiative allows game developers to showcase their projects to over 40 million users. Additionally, Notcoin has partnered with decentralized finance (DeFi) pioneer 1inch and Sequoia-backed attestation protocol Sign to laun...

Yuga Labs, the digital asset incubation studio and the company behind Bored Ape Yacht Club, has launched Bored Ape skull-branded socks. The new merchandise has been prepared by Proof Collective. In this article, we shall explore how Bored Ape enthusiasts can order these new NFT-inspired products. Yuga Labs Launches Bored Ape Skull-Branded Socks In a July 09 blog post, the Bored Ape Yacht Club creator Yuga Labs confirmed launching Bored Ape-inspired socks. The new Bored Ape-inspired socks are part of the ‘pack the Boat’ pre-order exclusive merch bundle ahead of the ApeFest event in October 2024. Recently, Yuga Labs launched ApeFest-branded T-shirts. Socks not appropriate for middle-toe flip-flops. Grab your ApeFest pre-order exclusive merch bundle before it's gone forever.https://t.co/EpBKt80okQ pic.twitter.com/t2dl9QptpK — Bored Ape Yacht Club 🍌 (@BoredApeYC) July 9, 2024 Established in 2021, Yuga Labs is a digital asset incubation studio and blockchain...

The final deadline for the US Securities and Exchange Commission (SEC) to approve or deny a spot Solana exchange-traded fund (ETF) could be mid-March 2025, analysts said. This came after the Chicago Board Options Exchange (Cboe) submitted two 19b-4 filings to list the VanEck and 21Shares spot Solana ETFs. The two firms filed for Solana ETF products last month, with the recent Cboe filing now putting the SEC on a clock to make a decision. Cboe files 19b-4s for both VanEck & 21Shares Solana ETFs… Once SEC acknowledges these filings, the decision clock starts ticking. https://t.co/JsRBLjudyT pic.twitter.com/94RLLEiwbU — Nate Geraci (@NateGeraci) July 8, 2024 The SEC’s guidelines require that the commission deny or approve the CBOE’s request to list Solana ETFs within 240 days, which brings the deadline to around March 2025. That means approval would be in the hands of the political party that wins the November presidential election. “If Biden wi...

The Pepe Price pumped more than 15% in the past 24 hours to trade at $0.000009549 as of 12:00 a.m. EST as investors begin to re-accumulate the meme coin. This recent gain was, however, not enough to push the crypto’s weekly performance out of the red. The PEPE price is still down more than 17% over the past 7 days. The Pepe Price Bounces Off Of Support 4-hour chart for PEPE/USD (Source: GeckoTerminal ) The Pepe price rebounded off of the key support at $0.000007661 over the past 24 hours, and is climbing towards the major resistance level at $0.000010688. Should it overcome this threshold within the next 12 hours, it could have the technical foundation needed to climb to as high as $0.000013211 in the short term. However, PEPE getting rejected by the $0.000010688 resistance level might invalidate the bullish thesis. In this alternative scenario, the Pepe price could retest the aforementioned $0.000007661 support. Breaking below this technical crutch might then lead to the ...