TronWeekly

Crypto World News

You are here: Home / Archives for Mohammad Ali

Mohammad Ali

Bitcoin Emerges As Robert Kiyosaki’s Top Pick Amidst Banking Crisis

by

Bitcoin takes the forefront as Robert Kiyosaki, celebrated author of the bestselling “Rich Dad Poor Dad,” makes a daring call to global investors. With the revelation of yet another Chinese bank’s collapse, Kiyosaki uses this opportunity to champion the acquisition of what he refers to as “real Bitcoin.”

Kiyosaki’s tweet to his legion of followers underscored the gravity of the situation: “Another giant bank in China went bust,” he declared, shedding light on the precarious state of the world’s largest financial institutions, particularly in China, where mounting bad loans linked to the real estate sector have triggered alarm bells.

Chinese Bank of Communications Co. reported a staggering spike in its property bad loan ratio, catapulting from 2.8% to a concerning 4.99%. Bloomberg’s data further revealed a worrying 23% surge in special mention loans, indicative of an impending crisis in the sector.

Bitcoin Advocacy Over Fake Assets

Drawing parallels to the fragility of the U.S. commercial real estate market, Kiyosaki cautioned against the proliferation of what he termed “fake assets.” With baby boomers heavily invested in real estate investment trusts (REITs) for retirement, Kiyosaki urged them to divest from these shaky ventures.

“Boomer retirement plans are filled with these fake assets,” Kiyosaki lamented, warning of imminent financial ruin as paper assets face the specter of collapse. He implored investors of all ages to abandon fiat currencies and embrace tangible assets like gold, silver, and, notably, Bitcoin.

Kiyosaki’s confidence in Bitcoin’s resilience was unwavering, as he revealed plans to acquire 10 more Bitcoins before the impending halving event in late April. Bolstered by his projection of Bitcoin’s ascent to $100,000 by September, Kiyosaki dismissed doubts about its legitimacy, equating it to traditional fiat currencies in terms of legitimacy.

As global financial markets brace for turbulence, Kiyosaki’s clarion call for a shift towards tangible assets resonates deeply with investors seeking refuge from economic uncertainty. With the collapse of yet another banking behemoth serving as a stark reminder of the fragility of traditional financial systems, the allure of “real Bitcoin” may prove irresistible to those heeding Kiyosaki’s sage advice.

Shiba Inu’s $1.4 Trillion Surge Sparks Market Speculation

by

In a whirlwind 14-hour period, the Shiba Inu (SHIB) cryptocurrency community experienced an astonishing surge of activity, with transactions amounting to a remarkable 1.4 trillion flooding through the digital landscape. This unparalleled movement has prompted investors and analysts to contemplate the ramifications of the volatile SHIB market.

The transactions, meticulously documented in transaction logs, showcase a series of substantial movements, notably originating from prominent exchange hot wallets such as Coinbase and Binance. These exchanges serve as pivotal hubs within the crypto sphere, with their hot wallets facilitating swift and immediate transactions.

shib 1
Shiba Inu's $1.4 Trillion Surge Sparks Market Speculation 2

A particularly eye-catching transfer emanated from a Coinbase hot wallet, wherein a jaw-dropping 36.3 billion SHIB, valued at approximately $1.03 million based on SHIB’s prevailing price of $0.0000284 at the time, changed hands.

Remarkably, these mammoth movements coincide with a meteoric surge in the Shiba Inu chart, which currently demonstrates an upward trajectory, evidenced by its movement above critical moving averages.

Shiba Inu Whale Activity Sparks Market Intrigue

The motivations driving these whale-sized maneuvers are multifaceted. Some speculate that investors are strategically reallocating their holdings in anticipation of forthcoming market catalysts or potential news that could reverberate through SHIB’s valuation.

Others suggest that profit-taking might be a factor, as investors capitalize on the recent price surge, or perhaps strategic diversification is at play as assets are redistributed across portfolios. Furthermore, there is speculation that this heightened transfer activity may serve as a prelude to more significant market maneuvers.

The repercussions of these whale-sized transactions are palpable, often heralding heightened price volatility. Market sentiment becomes susceptible to swift oscillations, with prices prone to sharp inclines or declines in response to such large-scale transfers. For Shiba Inu, currently riding an uptrend and peaking at $0.00003083, these transactions may signal the dawn of a new market trend.

Nevertheless, caution remains paramount. While these transactions may offer insights into potential market movements, they do not guarantee immediate or predictable outcomes. As the crypto landscape continues to evolve, investors are advised to navigate with vigilance, lest they be swept away by the unpredictable currents of the digital market.

Toncoin (TON) Approaches Record Peak After 150% Year-To-Date Surge

by

Toncoin’s rally has resonated across the global crypto community as its native token, TON, surged to $5.6, inching closer to its all-time high of $5.8 recorded in November 2021. This remarkable ascent has propelled TONcoin to the eleventh position in market capitalization, surpassing $18 billion.

The great deal of TON’s (Telegram Open Network) price can be accredited to a series of positive developments within the project which were followed by the good news of the association with Telegram, the well-known cloud messaging platform founded by the Durov brothers. 

For one, Telegram is one of the top messaging applications that is used on a mass scale across the globe, thus TON does get quite a considerable amount of popularity.An outstanding event at the basis of this increase in price is when the head of Telegram has given his words on the Kaspersky Securities with the plan of $30 billion valuation. 

ton
Toncoin (TON) Approaches Record Peak After 150% Year-To-Date Surge 4

Despite being put off until unknown in future, the information itself sent the TON price from $2.78 to $4.46, thus implying the investors’s belief in the long-term project.The metaphorical fire burning fuel is fueled by the introduction of perpetual futures trading by Binance- a popular cryptocurrency exchange who recent unveiled plans to also trade in TON. 

Toncoin (TON’s) Open League Initiative

However, last month TON has launched an “Open League” initiative that is transformational to be sure and envisages incentivizing ecosystem engagement by giving a compensation to persons who want to take part in the projects and activities of ecosystem participants. There is that quantumly 30M TON of the project and excitement around it seems to have reached the boiling point.

By the end of a year-to-date (YTD) performance, TON has managed to gain more than 150% in price which makes it overtake the majority of its peers in the best performing category. The phenomenon is further evident in TON, which overtook even Bitcoin, that shows a YTD growth of 68.83% upon the examination of MarketWatch data, and shows its developing significance in the crypto world.

The market is very much anxiously awaiting additional developments from Telegram and for TON’s public market entrance. So, all eyes are fully set on TON’s path. Having demonstrated its ability recently and with glittering momentum, it is difficult to imagine that TON is not posed to further establish itself as we are likely about for it to change and probably reshape the cryptocurrency scenario.

Bitcoin’s Price Trends Analyzed: Key Insights For Investors By Peter Brandt

by

Once more, Bitcoin, the renowned cryptocurrency, has captured the attention of the crypto community through the insightful analysis of veteran trader Peter Brandt. Brandt’s latest Twitter update delves deep into the complexities of Bitcoin’s price fluctuations, with a specific emphasis on the scale and duration of corrections witnessed during bullish market cycles dating back to 2015.

Brandt’s analysis, accompanied by illustrative graphics, unveils the cyclical nature of Bitcoin’s journey over the past decade. From the euphoric highs to the daunting corrections, each phase carries valuable lessons for investors navigating the volatile cryptocurrency market.

Drawing parallels between historical patterns and current market trends, Brandt maps out key milestones in Bitcoin’s trajectory. He highlights the peaks of previous bull markets in 2017 and 2021, emphasizing the substantial drawdowns that ensued, with declines reaching as high as 84% and 77% respectively.

Analyzing the ongoing bull cycle initiated in November 2022, Brandt predicts a potential peak around August 2025 based on past halving cycles. Despite recent fluctuations, BTC’s current drawdown remains within the range observed in previous cycles, offering reassurance amidst market uncertainties.

Bitcoin’s Resilience Shines As Price Surges Past $71,000

As BTC surged past the $71,000 mark, reclaiming lost ground from recent corrections, investors were once again reminded of the cryptocurrency’s resilience. The bullish momentum propelled BTC’s price to $71,193, marking a significant recovery from the lows witnessed earlier in the month.

However, Bitcoin’s journey in March was not without its share of volatility. Following an all-time high surpassing $73,000, the cryptocurrency experienced healthy pullbacks, testing the resolve of investors. Yet, each dip was met with renewed buying interest, underscoring the enduring optimism surrounding Bitcoin.

While the exact catalyst behind Bitcoin’s latest surge remains elusive, its upward trajectory reaffirms investor confidence in the digital asset. With a 16% gain in March alone and a remarkable 66% surge in the first quarter, BTC continues to outshine traditional assets, cementing its position as a formidable investment choice.

As investors brace themselves for the next phase of Bitcoin’s journey, Brandt’s insightful analysis serves as a guiding beacon, offering invaluable insights into navigating the tumultuous waters of the cryptocurrency market. With each correction paving the way for new highs, the allure of BTC remains stronger than ever, beckoning investors to embrace the opportunities that lie ahead.

Meme Coin Mastery: Altcoin Trader’s Winning Strategy Amidst Rising Risks

by

At the forefront of cryptocurrency trading, meme coins have become a dominant force, with one trader in particular, Rekt Fencer, emerging as a notable success story. Utilizing a strategy revolving around new token launches and market narratives, Rekt Fencer has achieved significant gains in this rapidly evolving landscape.

Fencer employs a trading tactic he calls “sniping,” which revolves around identifying and investing in newly introduced tokens, anticipating their potential for swift value escalation. According to him, this method can generate substantial returns, even for individuals with modest investment capital.

Central to Fencer’s method is meticulous pre-analysis and continuous monitoring of the market for new listings. He relies on tools like DEX Screener to identify emerging trends and factors that may influence the pricing of meme coins.

Meme Coin Trading Strategy Unveiled By Fencer

According to Fencer, the persistence of a narrative among the top gainers often indicates a stronger market position, making it a key indicator for potential investment opportunities.A crucial aspect of Fencer’s strategy is the use of sniper bots, automated tools programmed to purchase tokens immediately upon launch. 

These bots, including BONKbot, BananaGun, and Unibot, enhance the trader’s chances of acquiring tokens before their value skyrockets.While Fencer’s strategy has led to impressive gains, he warns of the inherent risks associated with meme coin trading. The volatility of these assets and the prevalence of fraud demand rigorous due diligence and risk management.

Investors are urged to utilize platforms like Rug Check and Coin Scan to verify the security of tokens before investing. It’s essential to acknowledge that not all investments will yield high returns, underscoring the speculative nature of meme coin trading.

Despite the potential rewards, recent events serve as stark reminders of the risks in the crypto space. On March 14, an MEV engineer was arrested in the US for an alleged $1.2 million rug pull scheme, while a South Korean altcoin issuer faces fraud charges for scamming investors out of $16.1 million.

Digital Markets Act (DMA) Violations Trigger EU Investigation Into Tech Giants’ Practices

by

Digital Markets Act (DMA), the European Union’s (EU) flagship legislation aimed at fostering fair competition and transparency in the digital sector, has prompted a significant move as the EU begins investigating the business practices of tech giants such as Apple, Google, Meta (formerly Facebook), and Amazon. There are growing concerns that the implementation of the EU Digital Markets Act (DMA) may have encountered obstacles, potentially impeding its intended purpose.

The European Commission, which is the EU’s executive branch, said on March 25 that it was looking into these companies’ acts because they didn’t follow the rules. The investigation focuses on specific marketing and ranking strategies used by the tech giants that are thought to not meet the requirements set out in the DMA.

Among the practices under scrutiny are Alphabet’s (Google’s parent company) rules regarding “steering” within its Google Play Store and self-preferencing on Google Search, Apple’s regulations on steering in the App Store and Safari’s choice screen, Meta’s contentious “pay or consent model,” and Amazon’s ranking practices on its sprawling marketplace.

Digital Markets Act (DMA) Compliance Mandate 

The Commission has mandated that the companies preserve specific documents to facilitate monitoring of their compliance with DMA requirements. These proceedings are slated to conclude within 12 months, with potential fines of up to 10% of the company’s global turnover looming if violations are confirmed. Moreover, systematic infringement could compel the designated “gatekeepers” to divest parts of their business or face restrictions on acquiring additional services.

The DMA, heralded as a pivotal piece of legislation, seeks to create fair and contestable markets in the digital realm. It specifically targets “gatekeepers,” defined as major digital platforms wielding significant influence over the digital economy. Alphabet, Amazon, Apple, Meta, ByteDance (owner of TikTok), and Microsoft are among the designated gatekeepers.

This investigation follows hot on the heels of a lawsuit filed by the United States Department of Justice (DOJ) against Apple on March 21st. The lawsuit alleges that Apple’s stringent app market rules and alleged monopolistic practices stifle competition and innovation. It further contends that Apple exercises monopolistic control over the smartphone market, compelling developers to use its payment system, thus creating a lock-in effect for both developers and users.

Crypto Developer Alexey Pertsev Accused Of Laundering $1.2 Billion Via Tornado Cash

by

Crypto takes the lead as a recent Dutch indictment reveals allegations against Alexey Pertsev, the developer of Tornado Cash, for laundering over $1.2 billion. This globally publicized case will be tried in ‘s-Hertogenbosch starting March 26th, sparking widespread debate on the intersection of technology, legality, and individual responsibility.

Where Pertsev became the embodiment of the contention between the state officials and the surging crypto space, his denial of all commitment since the arrest last August was no exception. According to Keith Cheng, the defense’s lawyer, the charges were just too broad and no specifics were brought forward. 

In spite of the fact that money laundering was the alleged offense in charge, they had no explanation as to what exactly constituted the criminal acts. The opposition, however, prefers the whittled down and succinct version that leaves open the possibility that Pertsev could be just one of many cogs in Tornado cash money laundering machine, the most notorious of all crypto mixers known for tracking down guilty trails. 

Crypto Under Scrutiny

The document which has been published in a list of 36 allegedly illegal operations that took place with decentralized protocols cites a significant amount of funds originally deriving from the attack on the Ronin Bridge that was previously considered to be the test case for the activities of the North Korean cyber-criminal group called Lazarus.

Pertsev’s arrest and elsewhere attracted incipient criticism throughout the crypto community, as many regarded the case as a test for the space’s regulatory environment. The consequences of Pertsev’s potential conviction have been raised repeatedly, and these include the fear that it might dampen originators and cause the fading of the open-source philosophy on which a lot of crypto innovations stand.

Prominent figures like Coinbase and Ethereum developer Preston Van Loon are backing Pertsev, emphasizing that coding should not be conflated with criminality. Dutch prosecutors agree, highlighting the legality of crypto mixing but condemning hiding criminal origins. 

With Pertsev’s trial looming, its outcome will profoundly impact not just him but the entire crypto sphere. Will it signal a warning or a call for clearer regulations? Regardless, the verdict will shape the future of crypto innovation and governance worldwide.

Bitcoin’s Price Vulnerability: Analysts Sound Alarm Over Failure To Surpass $70,300

by

Bitcoin’s price is on a precarious edge, with analysts warning of a potential further plunge if it fails to reclaim a critical level. Currently hovering around $60,000, Bitcoin faces the risk of dropping even lower if it doesn’t surge past $70,300 soon. An analyst on X has sounded the alarm, indicating that a failure to break above $70,300 could lead to a significant downturn, possibly plummeting to the $59,000 to $62,000 support range. 

This would mark a 20% decline from its recent all-time high of $73,800.The analyst points to a concerning bearish divergence formation in Bitcoin’s daily chart, signaling a disconnect between price and momentum. With bears exerting dominance, the likelihood of further downward pressure intensifies.

In order to improve the current situation, it is imperative for bullish investors to swiftly achieve a strong closing price above the $70,300 threshold. This strategic action holds the potential to mitigate the current downward pressure on Bitcoin’s value, effectively arresting the ongoing sell-off, and restoring Bitcoin’s trajectory to align with its recent upward trend.

Bitcoin’s Response To FOMC Meeting Anticipation

Multiple fundamental factors are at play, including anticipation surrounding the Federal Open Market Committee (FOMC) meeting in the United States. The recent decision by the Bank of Japan (BoJ) to raise interest rates for the first time in over a decade has added to market volatility, underlining the fragility of global financial conditions.

Moreover, significant outflows from Grayscale, coupled with diminishing capital influx into spot BTC exchange-traded funds (ETFs), are further dampening sentiment. Grayscale’s Bitcoin Trust (GBTC) winding down and the subsequent release of more coins than purchased by spot BTC ETF issuers signal a bearish trend in the market.

btc1
Bitcoin's Price Vulnerability: Analysts Sound Alarm Over Failure To Surpass $70,300 7

Despite these challenges, the broader crypto market sentiment remains bullish, buoyed by anticipation surrounding the upcoming halving event. However, Bitcoin’s immediate fate hangs in the balance as it teeters on the edge of a potential further decline.

BTC 1
Bitcoin's Price Vulnerability: Analysts Sound Alarm Over Failure To Surpass $70,300 8

As investors brace for volatility, all eyes are on Bitcoin’s ability to reclaim key levels and the outcome of the impending FOMC meeting. Whether BTC will weather the storm or succumb to further downward pressure remains to be seen, but the stakes have never been higher for the world’s leading cryptocurrency.

Shiba Inu Triggers Global Frenzy: Leading Nations Shape Crypto Landscape

by

The meteoric rise of Shiba Inu has ignited a global frenzy, reshaping the narrative of cryptocurrency dominance. While some countries embrace its ascent, others risk ceding control of the agenda to emerging leaders in the crypto space. Previously regarded as a passing trend within pop culture, Shiba Inu has undergone a substantial transformation, emerging as a significant player in the realm of digital currencies, surpassing its competitors on a global scale. 

This evolution is evidenced by a notable surge in search queries for SHIB on Google Trends, indicating a surge in interest that has propelled SHIB to the forefront of attention across various cryptocurrency platforms.The exponential growth of SHIB users, evident in Google Trends analytics, underscores its status as the new obsession for crypto enthusiasts across borders. 

With a trajectory resembling a skyrocketing graph, the search term “trading hash rate” has become synonymous with SHIB, dominating queries over the past two years.While Shiba Inu’s popularity spans numerous nations, the top ten countries spearheading its ascent include the Netherlands, Slovakia, Pakistan, Switzerland, Canada, Austria, Belgium, Nigeria, and the United States. The enthusiastic response from the US and Great Britain signals a desire among active crypto traders to partake in the bull run fueled by Shiba Inu’s singular allure.

Shiba Inu’s Evolution In The Crypto Landscape

Since its introduction to the crypto-sphere, Shiba Inu has amassed a fervent global following, boasting one of the largest communities in the crypto world. Despite volatility in its earlier days, SHIB now trades steadily at $0.000025, buoyed by continuous updates and the introduction of the Shibarium native layer 2 network.

The recent integration of the SHIB Name Service further enhances SHIB’s utility and adoption, solidifying its position in the crypto market with a capitalization exceeding $14 billion. Investor sentiment and projections suggest that during the 2024 bull run, SHIB could soar to $0.01 or higher, potentially challenging Dogecoin’s dominance.

SHIB
Shiba Inu Triggers Global Frenzy: Leading Nations Shape Crypto Landscape 10

Shiba Inu’s remarkable ascent underscores the influence of meme coins in the global crypto arena, cementing its significance in the evolving landscape of virtual currencies. With a dedicated community and promising prospects, Shiba Inu asserts its place as a formidable player in the crypto world’s ongoing evolution.

Solana Surpasses $200 Milestone Amid Whales’ Mass Exodus

by

Solana, the blockchain platform known for its lightning-fast transactions and scalability, has achieved a significant milestone by surpassing the $200 mark. However, amidst the celebration of this achievement, a startling revelation has emerged: whales are making massive exits from the platform.

According to Lookonchain’s latest report, a whale with the pseudonymous address “BU6N2Z” has offloaded an astonishing 200,000 SOL, equivalent to approximately $39.85 million, onto the Binance exchange within the past 48 hours. This substantial sell-off has raised eyebrows across the crypto community, signaling a potential shift in market dynamics.

Despite shedding a sizable portion of their holdings, the mysterious whale still commands an impressive portfolio, retaining 1.62 million SOL valued at a staggering $323 million. In their portfolio, they hold 387,000 SOL valued at $77 million in their wallet, while an impressive 1.23 million SOL, amounting to $246 million, is staked.

Solana Skyrockets, Breaking $200 Barrier

The timing of this whale activity coincides with Solana’s remarkable surge in value over the past week. From a starting point of $136.49, SOL has catapulted to $201, breaching the coveted $200 threshold for the first time since November 2021. 

sol
Solana Surpasses $200 Milestone Amid Whales' Mass Exodus 12

Solana’s surge has not only driven its trading volume to unprecedented heights, surpassing even Ethereum and its layer-2 counterparts, but it has also catapulted its market capitalization beyond $90 billion. This accomplishment solidifies Solana’s position as a dominant force within the cryptocurrency sphere, underlining its significance in the ever-evolving landscape of digital assets.

However, the departure of whales during this bullish rally adds a layer of complexity to Solana’s narrative. It suggests that even amidst soaring prices and heightened market enthusiasm, significant investors are opting to capitalize on profits, perhaps signaling caution or a strategic realignment of their portfolios.

As SOL continues to dominate headlines and capture the attention of investors worldwide, the implications of these whale movements remain uncertain. Will Solana’s ascent continue unabated, or will the departure of whales herald a period of consolidation or even correction? Only time will tell as the crypto community closely monitors Solana’s trajectory in the days and weeks ahead.