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Binance Top Traders Go Short On Bitcoin At $60,000, What’s Going On?

Binance's top traders are shorting Bitcoin at $60,000, indicating a bearish sentiment.
Bitcoin remains in a downtrend with a potential drop to $55,000 if $58,100 support breaks.
Reclaiming $65,000 is crucial for Bitcoin to initiate a bullish reversal.
Economist Peter Schiff warns Bitcoin could drop to as low as $15,000.

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Livebitcoinnews

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Bank of Russia to Launch Digital Ruble Payment System by July 2025

The Bank of Russia aims to launch the payment infrastructure for the digital ruble by July 2025.
The system will be implemented first for large banks and gradually for other financial institutions.
Stores will be required to accept digital rubles, and small enterprises will follow suit in the next two years.
The digital ruble is expected to reduce transaction costs, enhance efficiency, and offer flexibility in payment options.

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TheNewsCrypto

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Will a FOMC Rate Cut Propel Bitcoin or Lead Market Turbulence?

FOMC rate cut expected to impact Bitcoin and overall crypto market.
Renowned economist Peter Schiff doubts rate cuts will benefit Bitcoin; inflation risks noted.
Market expectations are divided, with some predicting a 50 bps rate cut and others anticipating a more modest 25 bps cut.
Bitcoin's price could either go up or down depending on the Fed's actions and overall market sentiment.

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Altcoinbuzz

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Red Market Reveals True Ethereum L2 Users: In-Depth Research

Ethereum Layer 2 solutions emerged to fix congestion and increase efficiency. Nine Layer 2s show good potential based on user activity and value locked, including Mantle and Base with the largest MAU. Comparing FDV and circulating market caps reveal many tokens have not yet circulated. Bridging inflows and outflows show new user activity and capital flow into some L2s, whereas Linea, ZKSync, and Blast have negative net flows. Blast has the most core developers, signifying its productivity. Developer activity is measured by the number of code commits and is crucial for blockchain strength assessment.
The market prices downturn known as the red market sees which Ethereum L2s can withstand the downturn; some L2s only show token value potential instead of user engagement. TVL is crucial for assessing L2s and measuring funds through contracts, staking, and liquidity pools. Incentive programs like Scroll, Linea, and Mantle have sustained their TVL.
FDV and circulating market caps show most tokens are locked, reducing the perceived value of rewards on recent airdrops. L2Beat data showed that a few L2s had real user engagement, with FDV above $1 billion.
Ethereum L2s help reduce the cost of successful transactions by reducing gas fees. A post-Dencun upgrade proved Base had solid transaction growth fueled by memecoins. Meanwhile, ZKSync and Linea, despite incentives, cannot increase their growth rate as Base.
Starknet is lagging behind, overhyped compared to Arbitrum, Optimism, and ZKSync. The number of core developers on Blast exceeds other L2s, signifying productivity.
The red market reveals which Ethereum L2s are regarded as long-term potential due to user activity and value locked, showing which chains could retain users. These records serve as accurate blockchain data, enabling investors to know where the money is going.
Altcoin Buzz is not responsible for any losses incurred as a result of any investments related to the information provided in this article. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. This article has been sponsored by Common Wealth and Three Protocol.

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Cryptonewsz

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Binance Partner Ceffu Sells $93M in BTC & ETH During Market Dip

Binance partner Ceffu sold $93 million worth of BTC and ETH during a market dip.
Ceffu deposited 28,865 ETH and 450 BTC to Binance, raising concerns of a selloff.
Despite the recent dump, Ceffu still holds 10,737 BTC and 178,687 ETH.
Market decline exacerbated by Ceffu's transactions, hacker-related activities, and upcoming FOMC meeting.

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Altcoinbuzz

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Trump Silent on World Liberty Financial, WL Token Revealed

During a livestream, former President Donald Trump briefly mentioned crypto and World Liberty Financial but didn't provide details.
Zak Folkman, a leader from World Liberty Financial, announced the launch of the WL token for governance purposes.
The WL tokens are not transferable and can only be purchased by accredited investors in the U.S.
World Liberty Financial is being cautious to comply with U.S. federal securities laws and ensure a legally sound token sale.

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Livebitcoinnews

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NEAR Protocol Partners with Nillion Network to Enhance Privacy Tools for Developers

NEAR Protocol has partnered with Nillion Network to enhance privacy tools for developers.
The partnership aims to provide privacy features and data storage for developers in the DeFi sector.
The collaboration will enable NEAR Protocol developers to implement secure and private solutions.
This partnership further advances privacy and data handling in the blockchain industry.

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Crypto-News-Flash

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Bitcoin Dominates Crypto Inflows, Investors Eyes to Federal Reserve Rate Cuts

Bitcoin attracted $436 million in inflows as market optimism grows over potential Federal Reserve rate cuts.
Ethereum faced $19 million outflows due to concerns over profitability in Layer 1 operations.
Solana continues to attract positive inflows.
Bitcoin's recovery is driven by rising market confidence and expectations of Federal Reserve rate cuts.

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Altcoinbuzz

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Bhutan Quietly Amasses $780 Million in Bitcoin Holdings

Bhutan has quietly accumulated 13,011 Bitcoin, worth around $780 million.
The government of Bhutan has been buying Bitcoin as part of its investment plan.
Bhutan aims to diversify its investments and prepare for the future.
Bhutan's Bitcoin holdings come from its own mining operations.

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Livebitcoinnews

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US Lawmakers Push Crypto ATM Operators to Address Fraud Concerns

U.S. Senate Democrats urge major Crypto ATM operators to take action against growing fraud targeting elderly Americans.
Fraud losses from Bitcoin ATMs reached $65 million in H1 2023, with a disproportionate impact on people over the age of 60.
Senators highlight the role of ATM operators in deploying machines and their responsibility to implement fraud-prevention measures.
The spike in fraud and the increasing number of crypto ATMs emphasize the need for stronger security measures to protect vulnerable populations.

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Livebitcoinnews

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Flappy Bird Creator Denies Ties to Re-Release Amid Crypto Rumors

Dong Nguyen, creator of Flappy Bird, denies any affiliation with the re-release of the game and any involvement in cryptocurrency.
The Flappy Bird Foundation announced plans to relaunch the game, implying crypto integration.
Secret website pages suggest the new version may incorporate cryptocurrency and blockchain platforms.
Nguyen distances himself from the project and asserts no support for cryptocurrency-related ventures.

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Coinpedia

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Get Ready for the Next Bitcoin Bull Run! Expert Shares Bold Q4 Forecast

Expert predicts a mega bull run for Bitcoin in the fourth quarter.
Historical trends show Q4 is a favorable period for Bitcoin.
Bitcoin's market landscape indicates a weakened price, but with attempts to recover.
Hope remains for Bitcoin's comeback in Q4.

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NullTX

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BITCOIN PRICE ANALYSIS & PREDICTION (September 17) – BTC Loses Grip Above $60k Following 5% Drops, Where Next?

Bitcoin drops below $60k after 5% decline and losing momentum.
Bitcoin is currently trading in a broadening wedge and forming a new bearish pattern on the daily chart.
A weekly close below $50k could confirm a crash to $44k.
If Bitcoin finds support, it could climb back to $60,900 and $61,190 levels.

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Bitcoinist

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Bitcoin Bullish Signal: Exchange Depositing Addresses Now Lowest Since 2016

The number of Bitcoin addresses depositing to exchanges has reached its lowest level since 2016.
Low depositing addresses suggest a decreased interest in selling coins on exchanges, which can be considered a bullish sign.
The downtrend in exchange depositing addresses has been visible since the end of 2021.
The presence of spot exchange traded funds (ETFs) could be a contributing factor to the decline in exchange activity.

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