LRC recaptures 50% of lost investors as Loopring price bounces back from critical support level
Loopring price was saved from observing considerable losses earlier this month as the crypto market’s volatility slowed down. The altcoin bounced back from a crucial support level as it also continues to bring back the investors it lost about two months ago.
MATIC price saved from drawdown as one group of investors steady the Polygon token
MATIC price is moving sideways at present, showing no signs of readying for a switch in momentum from bearish to bullish. However, considering the market conditions, it is beneficial for the Polygon token holders if the altcoin continues sideways instead of downwards. Interestingly, this is also partially possible thanks to the investors themselves.
DOJ charges Sam Bankman-Fried for donating $100 million stolen customer funds to politics, FTT price suffers
The US Department of Justice (DOJ), through its criminal division, has issued an indictment against FTX founder and former CEO Sam Bankman-Fried, calling him out for stealing customer funds, committing fraud, and several other conspiracies. It comes barely a week after federal judge Lewis Kaplan issued a sentence against SBF, that he be held in jail as he awaits the October hearing.
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Avalanche rallies following launch of incentive program for developers
Avalanche announced the launch of Retro9000 on Thursday as part of its larger Avalanche9000 upgrade. Retro9000 is a program designed to support developers with up to $40 million in grants for building on the Avalanche testnet.
Ethereum could retest $2,707 resistance following increasing ETF inflows and uptrend in funding rates
Ethereum traded around $2,640 on Thursday, up more than 2% following increased bullish bias among investors, as evidenced by ETH ETF net inflows and an uptrend in funding rates.
Ethena Labs launches new UStb stablecoin backed by BlackRock's BUIDL token
Ethena Labs announced on Thursday that it has released a new stablecoin product, UStb. The new stablecoin will be fully collateralized by BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) and function similarly to a traditional stablecoin.
Crypto Today: Bitcoin, Ethereum and XRP trade in the green as crypto lost to hacks and fraud plunge by 40%
Bitcoin has moved above the $65,000 psychological level after flipping a key resistance, XRP sees a slight 1% gain. Ethereum trades around $2,650, up over 3% in the past 24 hours, as it attempts to tackle the $2,707 key resistance.
Bitcoin: Fed-led rally could have legs towards $65,000
Bitcoin is poised for a second consecutive week of gains, supported by the recent 50-basis-point cut in interest rates by the Federal Reserve. Bitcoin broke above several key technical resistances this week, signaling a rally continuation.
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