Decentralised Finance

The constantly evolving crypto market always holds surprises. As a result, meme coins are no exception. While giants like Dogecoin and Shiba Inu seemed untouchable, a new player emerged to shake up this balance in 2024: the WIF coin. Supported by the Solana network, known for its speed and low costs, this meme coin quickly climbed the ranks of the market, surpassing PEPE, one of the most popular.

In the span of a month, Bitcoin has lost 8.6% of its value. It reached its lowest point at the beginning of September. This decline occurs in a market context weakened by reduced liquidity and heightened selling pressure. Investors and traders, accustomed to the rollercoaster of prices, are searching for clues about the direction the market could take in the coming days. What are the immediate factors that led to this drop? What are the useful strategies for traders and the short-term outlook for the market?

The crypto market is often unpredictable. A new drop in XRP illustrates this clearly. Yesterday, XRP plunged to 0.5026. This situation led to massive liquidations in the futures markets, thus exposing the fragility of long positions in a context of widespread correction.

The proposal to burn 1.5 billion ADA tokens is currently causing controversy within the crypto community. Charles HOSKINSON, founder of Cardano, has taken a stand against this controversial idea. Amid the phase of decentralized governance, this proposal to destroy these ADA tokens raises questions on various levels, both economic and ethical.

The Venezuelan opposition is exploring radical solutions to address the situation in the face of the country's economic collapse. Indeed, it proposes to use Bitcoin as a national reserve. The stabilization of this economy, devastated by years of mismanagement, depends on the recognition of Bitcoin as a store of value.

Since Tuesday, XRP has experienced an unexpected surge in its trading volume. Within 24 hours, this cryptocurrency recorded a spectacular increase in both the derivatives market and the spot market. Despite the recent turbulence observed in the market, XRP seems to be benefiting from a significant resurgence of interest.

This Tuesday, Nvidia experienced a staggering drop in its market capitalization. The company lost nearly 270 billion dollars. This news, in addition to being an indicator of the current volatility of the market, redefines economic priorities in the era of technological innovation.

The blockchain network of The Open Network (TON), closely linked to Telegram, has just crossed the historic milestone of over one billion transactions. This achievement comes amid a backdrop troubled by recent disruptions caused by a memecoin airdrop. Indeed, the competition for the adoption of blockchain technologies is intensifying. The performance of TON is raising both interest and concern within the crypto community.

Turkey, a key member of NATO, has just shaken the global geopolitical order with a surprising request to join the BRICS bloc, an economic and political alliance dominated by Russia and China. This initiative represents a decisive step in Ankara's diplomatic strategy, traditionally anchored in strong Western alliances. Turkish President Recep Tayyip Erdoğan appears determined to redefine his country's position on the international chessboard, seeking to establish partnerships beyond its historical alliances with the West. This development comes at a time when geopolitical tensions are high, challenging the balance of power between East and West.

In a constantly evolving ecosystem where projects multiply and technologies compete, few dare to claim they have accomplished one of the greatest technical feats in history. Charles HOSKINSON, the founder of Cardano, made such a statement, placing his project at the pinnacle of global technological achievements. According to him, Cardano is not just another blockchain platform, but a technology comparable to an "unstoppable virus" that inexorably spreads and transforms the crypto industry. This bold assertion comes at a critical moment for Cardano, right after the implementation of the Chang hard fork, and resonates strongly in a crypto community often skeptical of grandiose promises.

Ethereum has just experienced its worst month in over two years. In August, ETH fell by 22%, wiping out any hope of a quick recovery. This drop comes at a time when many observers were expecting 2024 to be a positive year for the digital asset, particularly due to the anticipation of new regulations and the approval of an ETF. However, the reality is quite different. Factors such as massive fund outflows from Ethereum ETFs, scathing critiques from its co-creator Vitalik Buterin, and a decline in activity on the main network have plunged the market into a downward spiral.

Fluctuations are increasingly scrutinized in the crypto market. Bitcoin, the famous cryptocurrency, after a drop below the 58,000 dollar mark, must now prove its resilience to avoid a potentially dangerous trend break. Will Bitcoin be able to maintain its upward trajectory? Or are we on the brink of a more severe correction?

Financial transparency is becoming increasingly vital for tech companies. Telegram has been at the center of attention for the past few days with the release of its 2023 financial report, which reveals digital assets worth several million dollars. This announcement is surprising at a time when the messaging app, already under pressure for its ties to the crypto world, also has to deal with the fallout from the arrest of its CEO, Pavel DUROV. Why has Telegram decided to diversify its revenues in this way? What are the implications?

Volatility is an inherent part of the cryptocurrency market, but when Bitcoin dips below the $60,000 mark, a burning question arises: Are we witnessing just a technical pullback or a worrying signal for the entire ecosystem? While traditional markets absorb the shocks of the global economy, Bitcoin, once seen as a digital safe haven, is also swept up by economic uncertainties and fluctuations in bond yields. This latest episode of decline, marked by massive liquidations and a concerning slowdown in capital flows, highlights an unexpected fragility.

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