Read in the Digest:
- Bitcoin (BTC) falls under $19k as whale addresses reduce their holdings
- Ethereum (ETH) losses continue, XRP biggest loser while IOTA (MIOTA) leads the crypto rally
- Interpol issues a red notice on Do Kwon, LUNA ecosystem tokens rally
- Binance to return to Japan, four years after regulators forced an exit
- Apple now supports in-app NFT purchases, but with 30% commission sales
Bitcoin(BTC) giảm xuống dưới $19k khi địa chỉ cá voi giảm cổ phiếu của họ
Tiền điện tử lớn nhất thế giới, Bitcoin, đã tiếp tục đấu tranh khi đồng đô la Mỹ tăng cường. Giao dịch trong phạm vi kể từ khi Fed tăng lãi suất, BTC đã giảm xuống dưới $19k trong ngày thứ bảy liên tiếp.
Biểu đồ giá 7 days cho Bitcoin (BTC). Nguồn: CoinMarketCap
Despite the drop in prices of Bitcoin, the on-chain analytics firm, Santiment reported that over the weekend, Bitcoin was the topic in 26%+ of discussions across social media platforms. This is a positive sentiment last seen in mid-July.
As the price of Bitcoin continues to drop since its November 2021 all-time high, on-chain data shows the amount of BTC held by whales has dropped alongside.
According to data from Santiment, whale addresses holding between 10k to 100k and 10k $BTC have steadily reduced their percentage of supply held of #crypto’s top asset to 29-month lows.
Flipsider:
- Mộtbáo cáo gần đây từ Glassnode cho thấy Bitcoin hiện đang trải qua một thị trường gấu lịch sử sang giai đoạn chuyển đổi thị trường bò.
Tạisao bạn nên quan tâm
The decline in the price of Bitcoin can be linked to the ravaging inflation and the growing fears that the world’s recession will continue.
Ethereum (ETH) Losses Continue, XRP Biggest Loser while IOTA (MIOTA) Leads Crypto Rally
Since deploying the much-anticipated merge on September 15, the price of Ethereum (ETH) has tumbled by 20%. The efforts from governments to manage inflation have left Ethereum (ETH) has left no room for recovery.
Over the last 24 hours, the price of ETH has dropped by 2.8% to trade at an inter-day low of $1,275. ETH now trades at $1,290 and continues to lose its dominance as it suffers steeper declines than Bitcoin.
The 24 hours price chart for Ethereum (ETH). Source: CoinMarketCap
XRP, which has been the trend of the broader crypto market with a 65% rally is one of today’s biggest losers. Over the last 24 hours, the price of XRP has tanked 9.36% to fall to as low as $0.4598.
The 24 hours price chart for XRP. Source: CoinMarketCap
Ripple’s success in court was the main fuel for XRP’s massive growth we saw during the last week. With Ripple’s executive set to lead the central bank digital currency (CBDC) of Australia, XRP could get another pump.
Flipsider:
- While most of the crypto market suffers significant losses, IOTA (MIOTA) is today’s biggest gainer, rallying by 9.2% to trade as high as $0.309.
The 24 hours price chart for IOTA. Source: CoinMarketCap
Why You Should Care
MIOTA has defied the market trend as its technology recently secured Project ALFRIED, one of Germany’s largest public-funded infrastructure projects.
Interpol Issues a Red Notice on Do Kwon, LUNA Ecosystem Tokens Rally
Barely two weeks after South Korea issued an arrest warrant on Do Kwon, the founder of Terra, the International Policing Organization (Interpol) approved the prosecutor’s request to issue a red notice on the 31 years old.
Interpol has now issued a red notice for Kwon, requesting law enforcement agencies worldwide to locate and arrest him. Despite the reports, Kwon’s name is yet to appear on Interpol’s red notice list, which features a total of 7, 512 names.
Kwon was previously believed to have been residing in Singapore, but questions about his whereabouts intensified after the Singapore Police Force said on September 17 that he was not in the country.
As opposed to the South Korean prosecutor’s claims, Kwon announced via Twitter on September 17 that he wasn’t on the run and was open to talking with government agencies. Reports of him being on Interpol’s red notice comes as his location remains unknown.
Flipsider:
- Unlike the downtrend sparked that was sparked by Do Kwon’s arrest warrant, the news of him being placed on red alert has sparked a rally in LUNA tokens.
- At the time of this writing, Terra (LUNA) is up by 13.62%, while the forked tokens Terra Classic (LUNC) and USTC are up by 38.7% and 12%, respectively.
Why You Should Care
Do Kwon has been charged with violating capital markets rules in South Korea and his role in the collapse of Terra which led to investors losing over $60 billion.
Binance to Return to Japan, Four Years After Regulators Forced an Exit
Binance, the world’s largest cryptocurrency exchange is looking to return to Japan, Asia’s third-largest economy. Binance exited Japan in 2018 as the country tightened its crypto regulation stance.
However, Binance is now reportedly re-apply to begin offering its services in Japan. According to a Binance spokesperson, the exchange is now ready to work with regulators and policymakers to protect consumers and move the industry forward.
Unlike 2018, Japan has now taken a friendlier approach to crypto creating substantial opportunities to onboard new users and service providers back to Japan. This is reportedly the reason for Binance’s move to return to the country.
Flipsider:
- Binance is set to appear for a class action lawsuit in Italy filed by investors over outages the exchange experienced in 2021.
Why You Should Care
The easing of crypto regulation from Japan has led to the possible return of Binance to Asia’s third largest economy.
Apple Now Supports In-App NFT Purchases, But with 30% Commission Sales
Tech giant Apple is now allowing apps that trade non-fungible tokens (NFTs) to be featured on the App Store. Apple is however charging a 30% transaction fee for any NFT deals conducted through iOS apps.
In addition, App Store purchases cannot be done in cryptocurrencies, but only be made in U.S. dollars. These terms have discouraged startups from providing NFT trading services on the platform and sparked outrage among Apple users.
Tim Sweeney, CEO of Epic Games is one industry player that has yet again slammed Apple’s “app tax”, this time he described it as a “grotesquely overpriced in-app payment service,” while Tech blogger Florian Mueller said the tax is “abusive but consistent.”
Tech patent blogger FOSS Patents claims that developers may pay above the 30% commission Apple cited on its App Store to as much as 35% depending on the geographical location. They can also be forced to pay for search ads.
Flipsider:
- Fraudsters recently defrauded thousands of Apple supporters by endorsing a phony cryptocurrency during Apple’s recent press conference – iPhone 14 release.
Why You Should Care
Apple’s move has made critics claim that the company is avoiding direct involvement with crypto and NFT space because of the negative attention the industry is getting.