AltChrono News

2024-06-21 10:28:38 Crypto Market Plunge: Bitcoin and Ether in Free Fall!

The cryptocurrency market has once again shocked investors with a significant drop. Bitcoin (BTC) fell below $66,000, and Ethereum (ETH) dropped to $3,400. Altcoins Dogecoin (DOGE) and Solana (SOL) lost nearly 9% in 24 hours. TON and BNB Binance also experienced a decline, although BNB only decreased by 1.5%.

Reasons for the Collapse:

Profit-Taking: Investors securing gains after a period of rise.
Net Outflows from Bitcoin ETFs: Increased downward pressure.
Strengthening of the US Dollar: Triggered by political uncertainty in France, leading traders to prefer the dollar.
FED Speeches: Stricter tone from Chairman Jerome Powell about limited rate hikes in 2024, reducing enthusiasm for risk assets.
Massive Liquidations: $245 million in positions liquidated in 12 hours, adding to selling pressure.

The price drop highlights the market's sensitivity to macroeconomic factors and institutional movements, with some analysts viewing it as a buying opportunity for altcoins. Investors should remain cautious, monitoring for recovery or further declines. Open / Comment

2024-06-20 08:38:56 TON Blockchain's TVL Hits Record High, Surpassing $600 Million

The Open Network (TON) blockchain reached $609.78 million in total value locked on Monday, according to DefiLlama data. This milestone comes just three weeks after the network's TVL hit $300 million. Many of the top 10 protocols on TON saw significant growth in TVL over the past week. Notably, the TVL on DeDust, a TON-based decentralized exchange liquidity pool, surged by 53%, nearing $300 million. Open / Comment

2024-06-19 07:49:40 Trump Meme Coin DJT on Solana Takes Off Amid Buzz!

The TrumpCoin on Solana ($DJT) is blowing up thanks to unverified chatter that ex-U.S. President Donald Trump might be dropping an official token with the same name. The Pirate Wires account on Twitter sparked these rumors, though they got hit with a “fake news” tag for a bit.

Mike Solana, the Editor-in-Chief at The Pirate Wires, cleared things up by saying he hadn't directly talked to Trump and was just passing on what he'd heard. Regardless, Crypto Twitter went nuts, pushing the token's trading volume past $337 million in just a day!

$DJT saw a wild price jump to $0.039 before cooling down to $0.028. Its total market cap of $288 million hints it might follow the typical rollercoaster ride of celebrity meme coins.

Trump's name keeps stirring up crypto hype, with his recent claim of being a "crypto president" fanning the flames even more. Meanwhile, Bubblemaps showed that 67% of the DJT supply is in one cluster, raising doubts about its legit connection to Trump. Open / Comment

2024-06-18 06:14:05 х Today, the Bybit exchange listed the ZK token. At launch, it surged to $0.4, and it is now trading around $0.24.

Additionally, Bybit announced the ZKsync (ZK) ByStarter event: complete tasks and 100% win from a pool of 14,700,000 ZK tokens.

The ByStarter event gives you the opportunity to share in a massive pool of 14,700,000 ZK tokens without dealing with token sales or lock-up periods. Just register, complete the specified tasks, and claim your share of the prize!

Rewards Breakdown:

Participation Prize: The first 400,000 participants who lock 100 USDT in ByStarter will each receive 5 ZK.
Sunshine Prize: Participants who complete all required tasks but don't win in the lucky draw will equally share a prize pool of 4,600,000 ZK.
Grand Prize: 27,000 lucky winners will be selected via a draw to share 8,100,000 ZK, with each winner receiving 300 ZK.

Event Timeline:

Participation Period: June 17, 2024, 7AM UTC – July 18, 2024, 10AM UTC
Distribution Period: July 18, 2024, 10AM UTC – July 25, 2024, 10AM UTC
Results Announcement: July 25, 2024, 10AM UTC
ZK Listing: Once liquidity meets the listing requirements Open / Comment

2024-06-17 15:52:13 Cardano (ADA) Might Distribute Its $681.9 Million Treasury to the Community

Charles Hoskinson recently announced that a new node release for Cardano is coming this month, a step toward the major hard fork, Chang. This upgrade is key to advancing decentralized governance. For the hard fork to proceed, 70% of ADA stake pool operators must transition to the new node version.

Hoskinson envisions broad participation in Cardano's governance, aiming for it to become a decentralized global community. The Voltaire era marks increased community involvement, with delegate representatives voicing community interests.

The upcoming Cardano Constitutional Convention in Argentina will draft the first constitution, establishing decentralized governance principles. This constitution will be ratified by a community-wide vote, setting a precedent for blockchain projects worldwide. Open / Comment

2024-06-15 18:04:09 Shiba Inu (SHIB) Token Burn Rate Soars 863%: Key Details

Shiba Inu (SHIB) has seen a significant increase in its token burn rate, with a 24-hour surge of 863.58%, burning 107,081,056 SHIB tokens. Over the last week, a total of 368,456,226 SHIB tokens have been burned. Token burning reduces the total supply to increase scarcity and potentially drive up value.

Despite the impressive burn rate, SHIB's price remains low, trading at $0.00002176, a 0.41% increase in the past 24 hours, with trading volume down 56.62% to $340.81 million. The Relative Strength Index (RSI) for SHIB is 39.71, indicating neutral to slightly bearish territory.

On a positive note, SHIB's price is above its 200-day Exponential Moving Average (EMA) and Simple Moving Average (SMA), suggesting a potentially positive long-term trend despite recent price weakness. Open / Comment

2024-06-13 22:03:37 Tether will invest over $1 billion in the next 12 months

Tether, the issuer of USDT, plans to allocate over $1 billion to startups, focusing on alternative financial infrastructure, AI, and biotechnology. CEO Paolo Ardoino stated that Tether supports only projects they find extremely interesting, unlike traditional venture funds.

Tether invests most of its USDT reserves in U.S. Treasury bills and other securities, earning billions from high interest rates. In Q1 2024, Tether's net profit was $4.2 billion, with gains from Bitcoin and gold.

The company will maintain 100% of its reserves and an additional 6% profit cushion for USDT redemption, with the rest directed to investments. Tether is also investing in infrastructure in emerging markets and AI, supporting Northern Data Group's data centers.

By year-end, Tether plans to launch a platform for issuing digital tokens for bonds, stocks, and CBDCs. In April, Tether restructured into four divisions to expand beyond stablecoins. Open / Comment

2024-06-12 22:06:15 The Open League Season 4 starts today

Today at 11:00 AM UTC, boosted pools were launched on STON.fi and DeDust with rewards totaling over $1.8 million, to be distributed over the next two weeks. More than $730,000 of these rewards are provided by projects. Huge respect to these teams for their incredible support of the TON Community.

This season includes four leaderboards, featuring two new battles: DeFi and NFT, alongside Token and App categories.

Introducing this season’s boosted liquidity pools: WEB3, FNZ, BOLT, KINGY, STON, JVT, HYDRA, WALL, COFE, JETTON, DFC, DUREV, and LLAMA. Open / Comment

2024-06-12 10:34:43 TON has surpassed Ethereum in user activity.

The number of active addresses in the TON network has approached 600,000, surpassing Ethereum, whose number of active addresses fluctuates between 500,000 and 400,000.

This is just the beginning, and what lies ahead is anyone's guess.

Congrats TON Foundation Team! Open / Comment

2024-06-11 20:03:27 Notcoin has revoked the token rights

The token rights have been revoked, and now the issuance cannot be increased. The token's name and its image cannot be changed.

The project has now become decentralized. Sasha "Notcoin" can no longer mint more coins, change the code, or take NOT from you. The only thing that can be done now is burning coins, which will lead to a deflationary scenario. However, this burning will not cause a sharp rise. Burning is a long-term growth strategy. Notcoins have become limited after the "clicker" was closed, and now they are decreasing in number every day.

What does token rights revocation mean?

The token no longer has an owner, and the rights to it cannot be restored.

• The token's name cannot be changed.
• The logo will also remain forever.
• The maximum supply of coins is fixed. Issuance cannot be increased. Now only burning and reducing the total supply are possible. The deflationary model will work fully.

This is always good for the token and its overall development. Open / Comment