<p><img alt="Everlodge, Polkadot, Dogecoin Shows Potential Amid Worthwhile Prospects" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" height="700" src="https://zycrypto.com/wp-content/uploads/2023/08/Everlodge-Polkadot-Dogecoin-Shows-Potential-Amid-Worthwhile-Prospects.jpg" width="1200" /></p>The cryptocurrency industry is waiting impatiently for the Securities and Exchange Commission (SEC) of the United States to rule on seven top applicants who want to start a Bitcoin ETF. How will established tokens like Shiba Inu (SHIB), Binance Coin (BNB), and the newcomer Everlodge (ELDG) react to this news? Keep reading to explore the [&#8230;]

What’s Next for Everlodge (ELDG), SHIB, and BNB as All Spot Bitcoin ETF Applications Get Postponed?

Former Multichain developers have launched ValueRouter, a new project focusing on simplified multi-chain asset swaps

Ex-Multichain developers unveil ValueRouter, an asset swapping platform

XRP was one of Friday’s notable crypto gainers, rallying to a one-month high earlier in today’s session. Bullish sentiment returned to end the week, with the global market cap trading nearly 1.5% higher as of writing. Solana also surged, moving back above the $20.00 mark. XRP XRP, formerly ripple, was one of today’s biggest movers, […]

Biggest Movers: XRP Hits 1-Month High, SOL Back Above $20

Ripple won't acquire Fortress Trust but will remain as an investor in the blockchain-based payment network

Ripple backs out, won’t acquire Fortress Trust

Neither BUSD nor USDC is a security, Circle argued—but was careful to say it's not picking sides in the case.

Stablecoins Aren't Securities, Says Circle in SEC Lawsuits Against Binance

PancakeSwap, the top decentralized exchange (DEX) on the BNB Chain ecosystem, has teamed up with the largest crypto exchange, Binance, to simplify crypto staking for market participants.  In a post on X, PancakeSwap announced partnering with Binance Earn. The notification stated that the alliance has given birth to a crypto-focused project, “Simple Staking,” to revolutionize […]
The post Top BNB Chain DEX PancakeSwap Launches “Simple Staking” with Binance Earn first appeared on The Crypto Basic.

Top BNB Chain DEX PancakeSwap Launches “Simple Staking” with Binance Earn

Bitcoin has recovered over the last day after gaining momentum from the Valkyrie Ethereum ETF news and pulling up the likes of the MATIC price. This has led to a rare green day for the cryptocurrency market in as many months but MATIC may not be able to hold as well as other altcoins as whales make their move. Whales Move Tens Of Millions To Exchanges The first notable whale transaction involving MATIC was flagged by Lookonchain on Wednesday. The transaction was carrying 10.78 million tokens at the time worth around $5.5 million. Related Reading: IPO Frenzy: What Happens To XRP Price If Ripple Stock Climbs To $600? Mostly, it was the destination of these tokens that was important which turned out to be the Binance crypto exchange. The whale looked to have deposited the tokens to sell them as the MATIC price had taken a quick 3% dive following the deposit. A whale deposited a total of 10.78M $MATIC ($5.5M) into #Binance in the past 26 hours and the price of $MATIC decreased by 3%. The whale currently has 2.72M $MATIC($1.37M) left.https://t.co/C4VNQ1QDq9 pic.twitter.com/8JcoySfsRP — Lookonchain (@lookonchain) September 27, 2023 MATIC would later recover and move into the green, a price increase that seemed to have prompted more whales to take advantage of the situation. Over the course of the day, whale transaction tracker Whale Alert would report multiple whale transactions all carrying millions of dollars worth of the token toward exchanges. The next large transaction was one carrying 11,000,888 tokens worth $5.7 million to the Binance exchange. Another transaction followed shortly carrying the exact number of MATIC tokens also headed for the Binance exchange. Within the same hour, the whale tracker also reported 15,826,267 million MATIC being shifted once again to Binance. This transition was carrying approximately $8.2 million worth of tokens. This pointed toward whales looking to dump large portions of holdings. 🚨 15,826,267 #MATIC (8,199,632 USD) transferred from unknown wallet to #Binancehttps://t.co/fgGpVb7id0 — Whale Alert (@whale_alert) September 28, 2023 MATIC price resting at $0.52 | Source: MATICUSD on Tradingview.com MATIC Price Could Suffer Drawdown The massive amounts of tokens being shifted toward centralized exchanges could mean that the whales are beginning to offload some of their holdings to avoid further losses. In this case, it is not farfetched to say that the altcoin’s rally over the last day might be a brief one. Such a fall could easily see the MATIC price fall back to $0.51 as bears retest the support at $0.5. Related Reading: Analyst Presents 4 Charts That Prove Crypto Is Not Dead However, all hope is not lost for the MATIC price as the coin still holds some bullishness. As one TradingView analyst points out, if the altcoin is able to break out from its current descending triangle, then the price could rally over 50%. MATIC could see an upside to $0.9 | Source: Tradingview.com The analyst puts the first target of this rally at the $0.9 level as well, which is an almost 100% price increase from here. But MATIC will continue to face opposition from bears, making it a tricky situation. At the time of writing, the MATIC price is resting above $0.5232, enjoying 3.06% gains in the last day. Featured image from Cryptopolitan, chart from Tradingview.com

MATIC Price Rally Threatened As Whales Deposit Millions Of Tokens To Exchanges

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🚨BREAKING🚨 First U.S. Ethereum ETF APPROVED! (Altcoin Pump Coming?)

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43,000 Bitcoin For A House??

Perkins Coie LLP partner Keith Miller, who is also a former SEC enforcement lawyer, weighs in on what BlackRock's application means for the spot bitcoin ETF race in the U.S. "As more traditional financial institutions get into the market, there's going to be more pressure on the SEC to authorize one of these bitcoin ETFs," Miller said.

SEC Facing 'More Pressure' to Approve Spot Bitcoin ETFs as TradFi Giants Step In, Legal Expert Says

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