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#binance #airdrop #Web3 #trend #bitcoin

Binance’s removal of a market maker linked to MOVE token manipulation was part of the challenges in maintaining market integrity. The Movement Network is now in the process of a $38 million MOVE buyback.

Binance has taken decisive action against a market maker linked to the Movement (MOVE) token after identifying misconduct related to the token’s trading activity.
The exchange revealed that the market maker in question was associated with another entity previously been offboarded due to malpractice.
66 Million MOVE Token Sale
The market maker allegedly sold approximately 66 million MOVE tokens on December 10, 2024, just one day after the token’s listing, without placing significant buy orders.
This resulted in a net profit of $38 million USDT before Binance removed the entity on March 18, 2025.
In response to these findings, Binance has informed the Movement Network Foundation and Movement Labs about the irregularities, frozen the proceeds obtained by the market maker, and permanently banned the entity from further trading activities on the platform.

Following Binance’s investigation, Movement Network has announced a $38 million buyback program. The program will utilize the recovered funds to stabilize its ecosystem and restore investor confidence.
Over the next three months, the repurchased tokens will be deposited into the Movement Strategic Reserve to reinforce long-term stability.
Movement Network’s Response and Buyback Initiative
Movement Network Foundation maintains that it was unaware of the market maker’s actions and was only informed of the misconduct by Binance on March 11, 2025.
The foundation had engaged the market maker based on its prior track record but acted swiftly to sever all ties upon discovering the breach of agreement.
The firm also contacted other major exchanges to notify them of the investigation.
The foundation is committed to full transparency. It announced that all recovered proceeds will be used to execute a structured $38 million USDT buyback of MOVE tokens.
This buyback will take place exclusively on Binance over the next three months, with the repurchased tokens periodically transferred to an on-chain wallet designated for the Movement Strategic Reserve.
The foundation emphasized its dedication to maintaining a fair and transparent market while continuing to build a sustainable blockchain ecosystem.
Despite the setback, Movement Network remains resilient. The blockchain, which enables the seamless deployment of high-performance MoveVM rollups interoperable with Ethereum, has garnered strong institutional backing.
Investors such as Polychain Capital and Binance Labs continue to support the network, which boasts over $250 million in total value locked (TVL) and a $1.1 billion market capitalization.
The Movement Network Foundation reassured its community that its vision and technology remain unchanged.
Notably, following the Binance announcement, MOVE token has plummeted over 2.5hrs in the past hour.

Source: CoinGecko
Market Integrity Concerns and Binance’s Broader Growth
The MOVE token controversy unfolds amid broader concerns regarding market integrity in the crypto space.
Binance Wallet recently suspended an employee for allegedly using insider information from a previous business development role at BNB Chain to front-run a Token Generation Event (TGE).
The employee reportedly leveraged non-public data to buy tokens through multiple linked wallets before the public announcement, later selling a portion for significant profits.
Binance Wallet clarified that it had no direct ties to the project and emphasized that the employee’s actions violated company policy.
Binance Wallet has pledged to cooperate with authorities in the employee’s region and pursue legal action under local regulations.
Meanwhile, Binance has also secured a significant $2 billion investment from MGX, an Abu Dhabi-based AI and advanced technology investor.
This development particularly indicates a continued institutional confidence in Binance’s long-term vision despite recent regulatory and operational challenges.
As it stands now, the Movement Network is in the process of its token buyback, and there might be no reconsideration as Binance is still standing firm on its commitment to enforcing transparency and accountability.
#binance #news $MOVE

Key Takeaways:
World Liberty Financial announced its plans to introduce USD1, a stablecoin pegged 1:1 to the U.S. dollar and backed by U.S. dollar deposits, government treasuries, and cash equivalents.The Trump family has close ties to the project, with Eric and Donald Jr. serving as “Web3 ambassadors” and Barron Trump listed as the “DeFi visionary.”USD1 will be minted on Ethereum and Binance Smart Chain, with BitGo serving as the custodian, ensuring secure, institutional-grade digital asset management.
World Liberty Financial, a newly launched cryptocurrency platform affiliated with the family of U.S. President Donald Trump, formally announced its plans to introduce its new stablecoin, USD1, on Tuesday.
World Liberty Financial Unveils USD1
According to a March 25 press release, the company plans to launch a stablecoin redeemable 1:1 for the U.S. dollar, backed entirely by U.S. dollar deposits, U.S. government treasuries, and alternative cash equivalents.
“USD1 provides what algorithmic and anonymous crypto projects cannot—access to the power of DeFi underpinned by the credibility and safeguards of the most respected names in traditional finance,” said Zach Witkoff, WLFI co-founder.
“We’re offering a digital dollar stablecoin that sovereign investors and major institutions can confidently integrate into their strategies for seamless, secure cross-border transactions,” he added.

USD1 will be minted on Ethereum (ETH) and Binance Smart Chain (BSC), with the potential to expand to additional protocols in the future. BitGo will serve as the custodian for USD1 reserves.
“The launch of USD1 represents a significant advancement in institutional-ready digital assets,” said Mike Belshe, CEO of BitGo.
“Our clients demand both security and efficiency, and this partnership with WLFI delivers both—combining deep liquidity with the assurance that reserves are securely held and managed within regulated, qualified custody,” he continued.
The Trump Family’s Close Ties To Crypto
News of World Liberty Financial’s latest project comes more than a week after reports emerged that the Trump family had engaged in discussions to potentially purchase a stake in Binance.US.
Trump, who largely campaigned to enact crypto-friendly regulations upon his return to the Oval Office, has close ties to World Liberty Financial. His eldest sons, Eric and Donald Jr., serve as “Web3 ambassadors” for the project, while his youngest son, Barron, is listed as the platform’s “DeFi visionary.”
Witkoff, the son of Trump’s former Middle East envoy, Steve Witkoff, recently named his own son after the current U.S. president.
Despite the announcement from World Liberty Financial, no official launch date has been released for USD1
#trump #binance #trump

According to veteran trader Peter Brandt, Bitcoin needs to avoid a trip below $48,000 to preserve its chances of a six-figure all-time high next year.
In an October 9 X post, Brandt delivered his expectations for Bitcoin through 2025, citing the market’s consolidation since March as a “brief pause,” with the bulk of the bull market still ahead.
This forecast draws from past halving cycles. Historical data shows that the latter half of Bitcoin’s four-year halving cycles always produces the sharpest price upside. With this macro stance, Brandt sets a Bitcoin price target of $135,000 by August to September 2025.

However, there is a caveat: if the bears gain control soon and Bitcoin experiences a big downside, $48,000 becomes the prediction’s make-or-break level.
“Close below $48K negates my chart analysis,” Brandt confirmed.
10x Research Cautions Bitcoin Maxis
Although macro trends can be insightful, 10x Research CEO Markus Theilin cautioned in an October 9 report that they are an “overly simplistic and insufficient” basis for predicting market direction.
He noted common expectations among Bitcoin maximalists that Bitcoin’s price “will increase tenfold indefinitely” post-halving and will rally exponentially with the “bottoming out of the liquidity cycle, marked by Fed rate cuts and rising money supply.”
While these factors undeniably provide tailwinds, Theilin emphasizes that strong fundamentals must back these macro factors.
This necessity is evident as Bitcoin continues to affirm its downtrend months after its last halving. Meanwhile, the narrative suggesting a soft landing for the US economy seems increasingly plausible following September’s aggressive Fed rate cut.

Bitcoin downtrend. Source: 10x Research.
The report argues that the current market suffers from a lack of compelling momentum. While “macro factors can set the direction, the ship won’t stay on course without enough wind.”
US Election to Play Pivotal Role
Among the potential catalysts that could provide Bitcoin with the “wind” it needs for a breakthrough, Theilin cited the upcoming November 5th U.S. presidential election to play a “critical role.”
A Trump victory is generally viewed as favorable for cryptocurrencies, particularly given his involvement in Bitcoin 2024 and his announcements regarding a decentralized finance (DeFi) project called World Liberty Financial.
Analysts anticipate that a Trump administration would expedite the development of pro-crypto policies. Past Standard Chartered reports project a less conservative Bitcoin price target of $220K under a Trump presidency.
Conversely, the report highlighted the potential for a Harris presidency to push Bitcoin to new heights, setting a target of $75,000, especially following her recent public endorsement of digital assets.
However, it cautioned that her election might trigger an initial price decline. Investors are expected to buy the dips as the market recognizes that progress on the regulatory front will continue.
In summary, Theilin expressed optimism, stating it is “too early” to abandon hopes for a Q4 rally. However, he emphasized that effective risk management is “crucial.”

#btc #bitcoin #eth #tradinginsight #binance

Former President Donald Trump’s decision to launch a cryptocurrency token sale for his project, World Liberty Financial (WLFI), has attracted widespread backlash from prominent figures in the crypto world.
Billionaire investor Mark Cuban, a vocal critic of Trump, along with Bitcoin advocate Max Keiser, have both raised serious concerns about the legitimacy of the venture, with Cuban implying it’s a money-grab scheme and Keiser outright accusing Trump of failing the “Bitcoin IQ test.”
The criticism comes just three weeks before the highly anticipated presidential election.
It will never not be weird to me that the Republican presidential candidate is launching a shitcoin 3 weeks before the election and the discourse is haha, Tim Walz looks like Elmer Fudd and Kamala is desperate. https://t.co/3a3ThhQUC3— Ben Hunt (@EpsilonTheory) October 13, 2024
Mark Cuban’s Criticism of WLFI Token: What Is Trump’s Motive?
Mark Cuban didn’t hold back when reacting to the announcement of Trump’s upcoming WLFI token sale.
On Twitter, Cuban simply remarked, “I’ll let this stand on its own,” clearly implying his disdain for the move.
I’ll let this stand on its own https://t.co/metmpsq7kW— Mark Cuban (@mcuban) October 13, 2024
The underlying message was one of disbelief, as Cuban openly questioned why Trump, a man who “has Elon [Musk] writing him checks,” would resort to launching a token, something Cuban and others have labeled as an “obvious pump scheme.”
Why would he do it ? He has Elon writing him checks. What’s the point ?— Mark Cuban (@mcuban) October 13, 2024
Alex Miller, CEO of the Web3 platform Hiro, also expressed frustration, saying, “Just fucking shoot me. Anyone who thinks this is good for crypto… it sets us back YEARS in credibility.”
Just fucking shoot me

Anyone who thinks this is good for crypto, that it doesn’t make us look like clowns, that it doesn’t set us back YEARS in credibility….

This is such an obvious pump scheme. Maybe he won’t literally rug but he’s just grifting and it’s pathetic pic.twitter.com/8bTGmUfLvG— Alex Miller (@alexlmiller) October 12, 2024
Both Cuban and Miller believe that while Trump may not literally rug-pull, the token sale feels like an attempt to exploit the crypto market, grifting his supporters and followers in the process.

Trump’s WLFI token sale seeks to raise $300 million by offering 20% of the token supply, valuing the project at a massive $1.5 billion.
The sale has come at a crucial time in Trump’s 2024 presidential campaign, adding a layer of political intrigue to his financial motivations.
Cuban, a long-time skeptic of Trump’s ventures, further voiced concerns about the long-term repercussions for the cryptocurrency market, hinting that Trump’s lack of knowledge about the space could result in disaster.
Max Keiser’s “Bitcoin IQ Test” and Community Reactions
Max Keiser, the senior adviser to El Salvador President Nayib Bukele and an ardent Bitcoin supporter, didn’t mince words either.
Keiser took to Twitter to state:
According to Keiser, Trump’s token sale shows that he does not grasp the unique value proposition of Bitcoin, which stands as a decentralized, non-inflationary store of value in contrast to centralized projects like WLFI.
Keiser’s critique is almost the same as many in the Bitcoin community, who view Trump’s token launch as an opportunistic move to cash in on the hype around digital currencies, rather than supporting genuine innovation.
One user also questioned why the media isn’t attacking Trump for launching what could be perceived as a “rug pull,” comparing it to their lack of coverage when A-list celebrities launch similar questionable ventures.
This isn’t Trump’s first foray into the world of digital assets. In December 2023, Trump launched a series of NFTs featuring cartoonish images of himself in various heroic outfits, such as a cowboy and astronaut.
The Trump NFT collection sold out within a day, raking in $4.45 million.
Although the initial sale was a financial success, the value of the NFTs plummeted shortly after.
Some have speculated that the WLFI token sale may be a similar play to the NFT project, leveraging Trump’s celebrity status to drive speculative investments without long-term value.

#btc #bitcoin #nft

XRP’s value dropped over 10% on Thursday after the SEC filed an appeal against the court’s decision in its lawsuit against Ripple. This follows Judge Analisa Torres’s final ruling on Aug. 7, imposing a $125m penalty on Ripple, far less than the SEC’s initial $2b demand.
The court ruled that Ripple’s XRP sales to institutional investors were securities transactions, resulting in the penalty. However, Judge Torres said that these sales were neither fraudulent nor malicious, with no fraud claims or financial harm shown.
Further, the ruling clarified that while certain XRP transactions are considered securities, XRP itself is not inherently a security, providing key regulatory guidance for Ripple and the broader industry.
SEC Appeal Aims for XRP to Be Classified as Security Across All Transactions
The SEC appealed to the Second Circuit Court of Appeals, indicating its intent to challenge the ruling on several grounds. Central to the SEC’s appeal is its belief that the district court’s decision conflicts with long-standing Supreme Court precedents and established securities laws.
According to the SEC, XRP should be classified as a security in all sales, whether institutional or retail. It argues that XRP’s classification shouldn’t differ based on the transaction type.
Ripple’s CLO Says SEC Appeal is ‘Embarrassing’
Ripple’s chief legal officer Stuart Alderoty said on X that the SEC’s appeal was “disappointing, but not surprising.”
“This just prolongs what’s already a complete embarrassment for the agency. The Court already rejected the SEC’s suggestion that Ripple acted recklessly, and there were no allegations of fraud and, of course, there were no victims or losses,” he said.
Meanwhile, Ripple CEO Brad Garlinghouse said the company is prepared to defend its position in court for as long as necessary.
“Let’s be clear: XRP’s status as a non-security is the law of the land today – and that does not change even in the face of this misguided – and infuriating – appeal,” he said.
If Gensler and the SEC were rational, they would have moved on from this case long ago. It certainly hasn’t protected investors and instead has damaged the credibility and reputation of the SEC.

Somehow, they still haven't gotten the message: they lost on everything that… https://t.co/1hW7xVSL9b— Brad Garlinghouse (@bgarlinghouse) October 2, 2024
Garlinghouse discussed the lawsuit last month at KBW2024 in Seoul, South Korea. He said he was uncertain about whether the SEC would appeal, yet he maintained that there was no viable way for the regulator to overturn the fundamental decision that “XRP is not, in and of itself, a security.”
#xrp #sec #binance #trading

Bitcoin dropped to around $60,000 Wednesday following Iran’s missile strikes on Israel. The strikes were in retaliation for Israel’s killing of militant leaders and its aggression in Lebanon against Hezbollah.
Concerns about a broader regional war involving Iran and the US have grown as Israel escalates its assault on Lebanon.
Bitcoin fell by 3.1% to around $61,616 on the day, and has dropped 4.4% over the past week. This decline is mainly due to growing uncertainty and increased risk aversion in financial markets, driven by geopolitical tensions.
As a result, investors tend to sell off riskier assets like cryptocurrencies, directly impacting Bitcoin’s price.
White House Dispatches US Military Support to Israel as Tensions Escalate
Reports highlighted the severity of the situation as President Joe Biden and Vice President Kamala Harris gathered in the White House Situation Room. They reportedly deployed US military assets to reinforce Israel’s defense.

Reports indicate Iranian missiles were mostly intercepted with help from US naval destroyers. Still, “a few hits” occurred, according to Israeli military spokesman Daniel Hagari.
Crypto Markets React to Iran-Israel Tensions
Mitchell Nixon, chief research officer at Imperial Wealth, pointed out that the current Bitcoin decline mirrors past drops in April and July. Both were triggered by rising tensions in the Middle East, prompting a sell-off in crypto assets.
On Sept. 30, 2024, Bitcoin spot ETFs saw net inflows of $61.2m, marking an 8-day positive streak. However, on Oct. 1, the trend reversed with a substantial outflow of $242.5m, data from SoSoValue showed.
In contrast, Ethereum spot ETFs ended Sept. 30 with an outflow of $822,300. This outflow worsened on Oct. 1, surging to $48.52m.
“Beyond geopolitical concerns, traders were also securing profits ahead of the upcoming Federal Open Market Committee meeting,” Nixon wrote in a Wednesday note.
“Data from CoinGlass indicates substantial outflows from major cryptocurrencies including Bitcoin, Ethereum, and Solana, with sellers outnumbering buyers in the current market climate.”
Despite the ongoing tensions, Nixon highlighted that Bitcoin has marked its strongest September close in over a decade, since before 2013.
#btc #binance #crypto #sol #eth

The Open Network (TON) has solidified its position as one of the leading Layer 1 solutions during the recent months.
In September, TON captured over 50% of all Layer 1 transactions, outperforming competitors such as Ethereum (ETH) or Avalanche (AVAX), according to CryptoQuant data.

The success of TON can be attributed to several token launches. DOGS, one of the first major projects on the network, attracted a massive 28 million monthly active users (MAU). CatizenAI and Rocky Rabbit, both with 18 million MAU each, also gained significant attention. Watbird and Hamster Kombat further contributed to TON’s growth, with Watbird attracting 12 million MAU and Hamster Kombat reaching an impressive 110 million MAU.
Solana Maintains Lead
However, CryptoQuant has excluded Solana (SOL), BNB Chain (BNB) and NEAR Protocol (NEAR) from its overall analysis.

Based on the Artemis data and the additional chains included in the analysis, Solana continues to lead all Layer 1 chains in terms of transaction count and daily active wallets. As of Sept. 30, Solana had processed over 1.1 billion transactions for the month and had gained 3.9 million daily active addresses.
In comparison, TON has performed well but has been overtaken by Solana in both categories. TON has reached 212.5 million transactions so far in September, securing second place in terms of transaction volume. However, in terms of daily active wallets, TON was overtaken by both Solana and NEAR Protocol, with 2.1 million daily active addresses (all data from Sept. 30).

Daily active addresses and daily transactions across L1 chains, MTD. Source: Artemis
Bitget Predicts TON’s De-Telegramization
Bitget, a cryptocurrency exchange and major investor in the Open Network Foundation, outlined bullish predictions for the TON ecosystem in its latest September report.
One of the key predictions in the report is a potential “de-Telegramization” of the TON ecosystem. As Telegram faces increasing regulatory scrutiny, Bitget suggests that TON may need to distance itself from the messaging app to mitigate associated risks. While TON will likely continue to rely on Telegram‘s user base in the short term, the report forecasts a long-term trend towards greater independence.
“The news of the arrest [of Pavel Durov, CEO of Telegram, on Aug. 25] has had a significant impact on the TON ecosystem. As a result, the price of the TON token has dropped over 17.6% in the week following the arrest. Furthermore, the TVL on the TON chain has also seen a sharp decline, with a single-day drop exceeding 60%.”

TON price and TVL plunged after Durov’s arrest. Source: Bitget
As of Sept. 30, TON’s total value locked (TVL) is approximately $427 million, down 45% from its peak of $776 million in July 2024.
In terms of token performance, Bitget predicts that Toncoin, the native cryptocurrency of the TON blockchain, will outperform Bitcoin’s spot returns in a bullish market. The report also anticipates increased institutional interest in TON, with many institutions favoring over-the-counter (OTC) purchases.
Despite a significant drop following the arrest of Telegram CEO Pavel Durov in August, Toncoin has still managed to achieve a remarkable 149% return since the beginning of the year. The price has risen from $2.27 on January 1 to $5.82 at the time of writing.
Meanwhile, Bitcoin (BTC) has experienced a more modest 51% increase during the same period, rising from $43,835 on January 1, 2024, to $64,029 at the time of writing.

#btc #binance #ton

The Worldcoin Foundation and its partner, Tools for Humanity (TFH), were fined a total of $860,000 by South Korea’s Personal Information Protection Commission (PIPC) on Thursday for violations related to the collection and transfer of biometric data.
According to the announcement published by the PIPC, the organizations were penalized for improperly collecting iris data without adequate consent and for failing to inform users about the transfer of their data abroad.
South Korea Fines Worldcoin Foundation and TFH
The investigation, initiated in February, found that the Worldcoin Foundation and TFH collected sensitive biometric information from nearly 30,000 individuals in South Korea without meeting the legal requirements for data processing.
The Commission highlighted that the information provided to users about the data collection and its purpose was insufficient and only available in English until March 2024, which further contributed to the lack of proper consent.
Both parties were also criticized for not having a robust deletion process for iris data and for failing to implement age verification procedures for users under 14.

In response to the violations, the Worldcoin Foundation and TFH have been instructed to obtain separate and explicit consent for the processing of sensitive data, to ensure data is not used beyond its original purpose, and to enhance their data deletion capabilities upon user request.
The commission emphasized the importance of compliance with data protection laws, especially as the use of biometric data becomes more prevalent.
World ID Verification Expands to Three More Countries
Worldcoin has recently expanded its World ID verification services to Guatemala, Malaysia, and Poland, targeting the demand for advanced methods to distinguish between human users and bots in cyberspace.
The organization stated that several surveys conducted in various regions have indicated the growing demand for human verification services, responding to new threats posted by AI-powered bots.
South Korea’s PIPC decision sends a clear message: compliance with data protection laws is non-negotiable.
For Worldcoin and TFH, correcting these missteps will be essential as they pursue global expansion.

#wld #binance #btc #tradinginsight

Republican presidential nominee Donald Trump has become the first former US president to use Bitcoin in a New York City bar and restaurant known for accepting the cryptocurrency.
On September 18, Trump reportedly purchased hamburgers using Bitcoin at Pubkey, an NYC establishment, during a campaign event, according to a post by Pubkey on X.
Alongside Trump, other notable figures, including BTC advocate and Professional Capital Management CEO Anthony Pompliano, also attended the event.
Trump Buys Burger for Attendees
Videos shared on X show Trump buying at least a dozen hamburgers. He distributed them to attendees, referring to them as “crypto burgers.”
The appearance comes shortly after Trump announced the launch of a token through the World Liberty Financial crypto platform, managed by his family members.
Notably, World Liberty Financial will be a crypto banking ecosystem where users can borrow, lend, and invest in cryptocurrencies.
The project will sell a non-transferable governance token called WLFI and plans to limit participation to accredited investors.
The token structure will see 20% of the tokens reserved for the founding team, 17% set aside for user rewards, and the remaining 63% available to the public.
Despite previously labeling Bitcoin a “scam” and describing cryptocurrencies as “based on thin air,” the former president has shifted his tone.
His 2024 campaign has shown support for Bitcoin miners and included an appearance at the Bitcoin 2024 conference in Nashville.
Trump’s involvement with Bitcoin is notable given that he reportedly holds at least $1 million in cryptocurrency assets.
His use of Bitcoin at the event marks a significant moment, especially considering that another former president, Bill Clinton, has also held Bitcoin since it was given to him at a 2016 event.
Harris Avoids Crypto
In contrast to Trump, Vice President Kamala Harris has not made cryptocurrency a focal point of her campaign.
However, Future Forward, a political action committee supporting the Democratic candidate, does accept cryptocurrency donations, indicating a nuanced approach to digital assets within the party.
Just recently, investment Bank Standard Chartered analyst Geoff Kendrick said Bitcoin is expected to end the year at new all-time highs regardless of who wins the US election.
Kendrick suggested that Bitcoin could reach new all-time highs by the end of 2024 due to “positive drivers dominating regardless of the election outcome.”
“I think Bitcoin ends the year higher, at new all-time highs, no matter who wins the U.S. election, with a Trump win taking it to $125,000 and $75,000 if it’s Harris.”
It is worth noting that Harris’ chances of winning the upcoming U.S. presidential election surged on Polymarket following her debate with Trump last week.
As of now, Harris’ chance of winning the upcoming election stands at 52%, ahead of Trump at 46%.
The surge came after the recent debate, which touched on key national issues such as the war in Gaza and abortion rights.
Following the event, 94% of bettors on Polymarket believed Harris won the debate.
#bitcoin #trump #btc #Binance

Not everything is bleak in crypto! Blockchain entity BONK and Korean K9 Rescue (KK9R) have seen ten dogs adopted after setting the new GUINNESS WORLD RECORD for the “Most Dogs Walked Simultaneously by an Individual.”
A BONK core contributor completed the record on September 5 at Chungbuk National University, just outside Seoul. The event occured during Korean Blockchain Week.
He walked together with 38 rescued dogs, breaking the previous record of 36 dogs from 6 years ago.
All pups were rescued locally in South Korea from mistreatment, neglect, and abuse.
New York-based Korean K9 Rescue is an animal rescue and rehabilitation organization. They joined hands with the meme coin project BONK to raise awareness about the adoption of rescued dogs from the organization’s Seoul arm.
Furthermore, the partners wanted to spread the global message of increasing animal protection.
Since last week, ten precious dogs have been adopted.

Four dogs have met their new families, and six are en route to the US.
Notably, the funds raised during the record-breaking event helped the adoption process.
According to the website,
“These record-breaking dogs are not only champions on the field but also loving companions waiting for their forever homes. Each one of them has demonstrated immense bravery and resilience, and now, they are ready to bring joy and love into your life.”
The participating and now adoptable dogs can be found here.
Making Meaningful Difference
The event wasn’t just about the numbers, the announcement said.
“The mission was clear: to amplify awareness about the importance of dog adoption and highlight the tireless efforts of Korea K9 Rescue in finding loving homes for dogs in need.”
BONK and Korean K9 Rescue’s goals were to “shift perceptions ” and challenge “the outdated stigmas” surrounding dog culture in South Korea.
At the same time, they brought together crypto enthusiasts, animal lovers, and the local community to “shine a light on the compassionate and inclusive spirit that BONK is all about.”

BONK and NY-based Korean K9 Rescue (KK9R). Source: www.koreank9rescue.org/adopt-bonk-dogs/
Additionally, BONK hosted activities throughout Korea Blockchain Week. The goal was to engage the community, foster meaningful connections, and bring attention to animal welfare.
This way, the project advanced its mission to build a strong blockchain community and contribute to the real world in a positive, constructive manner.
“In a space where everyone is trying to outdo each other with grand parties and exclusive events, we did what we do best: putting our community and values first,” said Kadense Pengu, a BONK core contributor.
“We’re thrilled to be using our platform to make a meaningful difference while also having fun and breaking a record in the process,” Pengu added.
#bonk #meme #binance

As Bitcoin finds strength bolstered by the US Federal Reserve’s decision to cut interest rates, one analyst believes we are on the cusp of a bull market.
In a September 19 X post, popular analyst Crypto Rover cited historical post-halving trends as grounds that a “Bitcoin bull market should be starting in 15-20 days” as we approach the end of an accumulation phase.

Bitcoin’s bull market over the past has cycles. Source: CryptoRover / X.
This sentiment echoed previous comments by CryptoQuant CEO Ki Young Ju, who noted that past post-halving rallies have typically started in the fourth quarter of each halving year.
Young Ju further emphasized that, in his view, “whales won’t let Q4 be boring with a flat YoY performance,” implying that significant market movements are expected as we approach the end of the year.
These combined technical and historical factors have fueled speculation that Q4 2024 could be a pivotal period for Bitcoin, with a six-figure Bitcoin “still in play” as we move toward 2025.
Big Bull Market Catalyst: The US Election
This forecast aligns with what is expected to be a monumental catalyst: the US presidential election, which is expected to bring new all-time highs due to “positive drivers dominating regardless of the election outcome.”

The elected candidate is expected to bring a departure from the widely critiqued Biden administration’s approach to regulating cryptocurrency, creating a more favorable environment for the asset class.
Former President Donald Trump has been vocal about making the US the global “crypto capital,” while Vice President Kamala Harris has been more reserved. However, reports suggest she may adopt a more balanced regulatory approach.
Ripple’s Chief Legal Officer Stuart Alderoty noted the importance of a new regulatory framework for cryptocurrency in the US.
“The rest of the world has moved on; they’ve recognized the value of the technology, the jobs, the tax dollars, the innovation that it can bring to the economy,” he emphasized.
A Looming Threat: US Fed Rate Cut Fuels Recession Fears
This optimism is met with some skepticism among analysts, who cite the US Federal Reserve’s decision to cut interest rates by 50 basis points as a potential prelude to a looming recession.
The decision has been interpreted as a “crisis” move to control the weakening job market.
Historically, significant rate cuts have signaled economic downturns. The last two instances of 50+ basis point rate cuts—on January 3, 2001, and September 18, 2007—preceded recessions, with the S&P 500 seeing 39% and 54% declines, respectively.
Given this historical context, some analysts argue that the current rate cut could signal underlying economic weaknesses rather than serve as a straightforward catalyst for a bull market.
While the rate cut might initially boost Bitcoin and other notable cryptocurrencies, the potential for a broader economic downturn could temper long-term optimism.
10x Research has cautioned that a 50 basis point cut could “signal deeper concerns to the markets,” suggesting that it reflects deeper issues rather than merely addressing economic conditions. This could reduce investor exposure to risk assets like Bitcoin.
Some analysts speculate that the potential implications could spark a 15-20% drawdown to new lows once the initial buzz wears off and worries about economic slowdown take hold.
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