Despite WLD showing signs of being undervalued, short sellers continue to bet against the altcoin.
The second-largest cryptocurrency exchange by trading volume Bybit, has partnered with Aptos, a high-performance Layer-1 blockchain, to launch an exclusive airdrop for Web3 creators and enthusiasts.
Aptos (APT) has been experiencing a notable resurgence in price, with a 21% rally following a key retracement in its price movement. The cryptocurrency had been in a bearish pullback since late October, but it has shown signs of a strong recovery, renewed investor interest.
Surge in Whale Activity: Several altcoins, including ApeCoin (APE), SushiSwap (SUSHI), and Treasure DAO (MAGIC), have experienced a significant rise in whale transactions. According to Santiment, these cryptocurrencies have seen a marked increase in large trades, indicating potential price shifts that may go against their recent patterns.
Bybit, the second-largest crypto exchange by trading volume, has teamed up with Aptos (APT), the Layer-1 (L1) blockchain network, to launch an exclusive APT Ecosystem Airdrop, as per the most recent updates disclosed to Finbold on Thursday, November 7.
APT could be in the early stages of resuming its bullish momentum after retesting an important Fibonacci range.
Ethereum's co-founder Vitalik Buterin deposits 2.09 million STRK tokens on Binance.
TL;DR Vitalik Buterin deposited 2.09 million STRK tokens on Binance, resulting in a loss of approximately $714,000. This deposit follows its investment in StarkNet's seed funding round in 2018. The STRK transfer was made when the tokens were worth $799,000, while five months ago they were worth $1.51 million.
As Starknet (STRK) cryptocurrency is getting closer to losing its place in the top 100, Vitalik Buterin sent a massive 2.09 million STRK deposit to Binance (BNB). The asset almost touched a new all-time low before today's crypto surge.
Starknet roadmap is focusing on reducing network fees with upgrades planned through 2025.
In early August this year, the Starknet Foundation appointed James Strudwick as Executive Director following Diego Oliva's departure. Since joining the foundation in January, Strudwick has brought a renewed vision centered on Starknet's technological advancement, accessibility for developers, and global outreach.
Bitcoin (BTC) has rocketed by almost 10% in the past 24 hours and has just set a new all-time high of $74,730, as Republican candidate Donald Trump took an early lead in the presidential elections.
Bitcoin (BTC) is down just over 1% in the past 24 hours, declining after briefly flirting with the $70,000 mark. The current week is crucial in dictating market dynamics, with the US elections and Fed meeting set to commence.
APT, the native token of Layer-1 blockchain Aptos, has risen by 2% over the past 24 hours. However, a review of the one-day chart suggests that the Aptos price rally merely mirrors the uptick in the broader cryptocurrency market during that period.
ApeCoin (APE) faces strong downward pressure, with several indicators signaling potential further declines. The 7-day MVRV suggests recent buyers are mostly at a loss, which hints at undervaluation but leaves room for additional downside.
October saw a bullish surge in the crypto market, but the final week left investors disappointed as altcoins faced significant drawdowns. With November now underway, investors are eager to know if this trend will continue.
This month's token unlocks include both “cliff” releases, where the digital assets are unlocked all at once, and “linear” releases, where tokens are gradually unlocked over time.
Aptos (APT) is currently at a critical juncture as it tests a key support level that could dictate its next major price movement. Recent market trends reveal heightened downside pressure, with APT facing aggressive sell-offs that threaten to push it further down.
In a recent court decision, Aurelien Michel, creator of the “Mutant Ape Planet” NFT collection accused of defrauding investors, has avoided prison but will forfeit over $1 million as part of his sentence.
In the next seven days, the altcoin market will register major token unlocks, which every crypto trader should know and understand to avoid unnecessary traps. According to the aggregate data platform Tokenomist, total token emissions this week could exceed $340 million, and early investors will get hold of their funds.
APT faces heightened downside pressure as it tests a crucial support level that could dictate its next major move.
Here is how some of your favorite assets concluded the week.
In an interesting development, the creator of the fraud NFT collection “Mutant Ape Planet” Aurelien Michel is set to avoid a prison sentence following a recent court ruling. However, the defendant has been ordered to forgo over $1 million as punishment for conducting a rug pull.
The crypto market swung low, which might be the last big discount before a parabolic run. Reflecting bearish sentiment, the underwhelming performance of Arbitrum (ARB) continues. However, DTX Exchange (DTX), a new exchange-based token, has defied the broader market trend by exploding in presale. It has raised over $6.
Former SEC official Marc Fagel has voiced concerns over the Securities and Exchange Commission's recent issuance of a Wells Notice to Immutable, an Ethereum-based Web3 gaming company. Immutable claims that the Wells Notice arrived with limited prior communication or explanation, marking a sharp departure from what is typically a more extensive investigative process.
Immutable, an Ethereum Web3 gaming firm, has received a Wells Notice from the United States Securities and Exchange Commission (SEC), according to a statement released on Friday. A Wells Notice is an indication that the SEC is considering filing a lawsuit against a company.
Michel sentenced for defrauding investors through Mutant Ape Planet NFTs. Court ordered $1.4 million forfeiture and a $15,000 fine.
Alameda Research has sold off $3.46 million worth of WLD tokens. This sell-off comes as the firm continues its strategy to manage its financial obligations, particularly focusing on repaying creditors.
Venus Protocol, one of the Top 5 decentralized finance (DeFi) lending platforms, today announced it has been approved for a grant from the Arbitrum Foundation.
Mutant Ape Planet creator Aurelien Michel pleaded guilty to defrauding investors and avoided a prison sentence.
Web3 gaming company Immutable faces a potential lawsuit from the SEC over its IMX token sale. Regulation by Enforcement Web3 gaming company Immutable announced on Nov. 1 that it had been issued a Wells notice by the U.S. Securities and Exchange Commission (SEC).
World Chain announced on November 1 its integration with Across on Ethereum Layer 2, enhancing secure cross-chain transactions and adding ERC-7683 support. The update may drive global adoption, leading market watchers to eye a possible rise in WLD price toward $10.
The US Securities and Exchange Commission (SEC) has filed a Wells Notice to Immutable over its sales of IMX tokens. The SEC's contention is related to a 2021 blog post on the pre-launch investment made in the IMX tokens priced at $0.10 or a $10 pre-100:1 split.
After centralized exchanges, DeFi projects, and NFT projects, the agency is now looking to expand its net to crypto gaming.
Worldcoin's recent failure to breach the $2.15 resistance level has put the token under renewed bearish pressure, leaving investors to question if a prolonged downtrend may be unfolding. The $2.15 mark has become a key battleground, with sellers pushing prices lower each time buyers attempt a breakout.
TL;DR The IMX token from Immutable drops 12.88% following a possible SEC enforcement action over alleged unregistered securities sales. The firm received a Wells Notice warning of a potential lawsuit related to an IMX token sale in 2021.
Immutable's IMX token is down by 14% on the day, and has cooled by 68% since hitting its 2024 peak in March.
The cryptocurrency market has experienced a major hit this week, with top tokens recording a significant correction in their respective valuations. Moreover, the BTC price has recorded a low of $68,779, indicating rising uncertainty in the crypto space.
Sam Altman-backed World Chain on Friday announced a strategic alliance to streamline cross-chain transactions across the layer 2 network. Notably, the AI-meets-crypto project is integrating Across to ensure affordable cross-chain transactions across multiple EVM-compatible chains, marking a monumental endeavor.
Blockchain gaming platform Immutable has received a Wells Notice from the United States Securities and Exchange Commission (SEC) shortly after the company's first meeting with the regulator.
Immutable (IMX) has seen a sharp 14% price decline over the past 24 hours following a Wells Notice issued by the SEC.
Aptos partners with SK Telecom to integrate Tether's USDT into T Wallet, enhancing global access to stablecoins and digital finance.
The SEC issued a Wells Notice to web3 gaming firm Immutable regarding its 2021 IMX token sales, prompting a 13% token price drop and strong pushback from the company, which joins a growing list of crypto firms challenging the regulator's enforcement approach.
Immutable received the Wells Notice without prior discussions and "contained limited meaningful detail about the nature of the investigation."
Immutable, a leading platform in the Web3 gaming space, recently received a Wells notice from the US Securities and Exchange Commission (SEC) indicating potential enforcement action. The notice, issued shortly after Immutable's first interaction with the SEC, hints at allegations of securities law violations concerning Immutable's IMX token, which launched in 2021.
A Wells notice signals that the SEC is thinking about bringing legal action against a company, often causing a major headache for those on the receiving end. For Immutable, this message from the SEC came out of the blue, just hours after their first-ever conversation with the agency.
Immutable (IMX) responds to the SEC's Wells notice, addressing allegations of securities law violations, while advocating for clearer crypto regulations to support digital ownership in gaming.