News

🚨 Samsung Backs Sony Blockchain Soneium Development Team

Samsung Next recently announced that it invested in Startale Labs, a Web3 firm that recently joint hands with Sony for Soneium development.

In a riveting turn of events, Samsung Next, the investment arm of South Korean giant Samsung, has recently announced investment in Startale Labs, a Web3 company. The investment has promptly garnered significant attention as Startale Labs recently established a joint venture with Sony to develop Sony’s Layer 2 blockchain, Soneium.

📉 Fed Rate Cut Optimism May Not Avert US Recession, Will Nvidia Fall Trigger Crash?

Amid hopes that Fed rate cuts might spur a market recovery, analysts warn that any relief may be short-lived due to the looming US recession.

On Tuesday, the US Department of Justice (DOJ) sent a subpoena notice to Nvidia sending shockwaves on Wall Street and later on the broader crypto market. During yesterday’s fall, US equity investors lost $1 trillion with some hopes from the Fed rate cuts ahead this month in order to boost market liquidity. However, some market analysts argue that it may only offer temporary relief due to underlying weaknesses in the US economy and the looming US recession.

🚀 Top Crypto Signup Bonuses For 2024

The cryptocurrency world is unimaginably exciting. For many, it may be a hype thing to say, but those who have the full experience will completely agree. Let’s quote a fact to support this statement – cryptocurrency exchanges offer free cryptos for beginners to embark on their fresh journey on their platform. These bonuses, or free cryptos, are coined as crypto signup bonuses.

🔥 Join the Fun: Follow Us on Discord 🔔

Markets

📊 Crypto Prices Today Sept 4: BTC & Altcoins Tank Amid US DoJ’s Nvidia Crackdown

Crypto prices today have raised investor concerns. BTC price today slipped to $56K, while altcoins tanked heavily amid DoJ's Nvidia subpoena.

The crypto prices today have mainly embarked upon an alarming bearish trend. Bitcoin (BTC) price witnessed a significant fall, reaching the $56K level. Ethereum (ETH), Solana (SOL), and XRP followed, tanking considerably over the past day. This waning movement primarily aligns with the U.S. DoJ’s crackdown on Nvidia.

⚠️ Bitcoin Liquidations Surge With S&P 500 Fall, 75% Crash Likely?

The S&P 500 fall on Tuesday drags Bitcoin lower by 4.5% leading to strong liquidations. BTC price can crash 75% per the Stochastic RSI.

It has been a bloodbath on Wall Street on Tuesday, with top US indices like the S&P 500 correcting more than 2%. The Bitcoin price is also facing strong correction dropping another 4.5% and moving to $56,500 levels leading to a surge in the BTC long liquidations.

📉 Top 5 Reasons Why Bitcoin, ETH, SOL, XRP, Meme Coins Are Crashing

Here are top 5 reasons behind the recent market crash causing Bitcoin, ETH, SOL, XRP, meme coins to fall as investors panic.

The crypto market has lost $160 billion in a week as the market cap plunges to $1.98 trillion from $2.14 trillion. Leading cryptocurrencies Bitcoin and Ethereum prices today tumbled to a low of $55,606 and $2,306, respectively. Other top altcoins such as BNB, Solana, XRP, Dogecoin, Toncoin, Cardano, and meme coins also succumbed to the crashing crypto market.