Only Cryptos

The cryptocurrency market experienced a sharp decline over the past 24 hours, with the #CoinDesk 20 Index dropping by 5% to 3,833 points.

Market leaders bitcoin (BTC) and ether (ETH) fell nearly 2%, accompanied by larger losses in major altcoins such as XRP, BNB, and SOL. ASTR, the native token of Aster DEX, which recently flipped Hyperliquid in 24-hour volume, fell 4% as the decentralized exchange saw abnormal price movements in the XPL perpetual trading pair.

However, a few coins, including MNT, CRO, KAS, OKB, and XMR, managed modest gains of around 1%.

This market downturn coincides with a stronger dollar index, pushed higher by Thursday’s #US GDP and jobless claims data. Meanwhile, market flow dynamics turned bearish.

“#etf behavior changed from a primary absorber of supply to a net seller this week. Yesterday, Bitcoin ETFs posted $258 million of outflows while Ethereum ETFs recorded $251 million of outflows, marking four straight days of red for ETH funds,” analysts at BRN told CoinDesk.

At the same time, whales have become net sellers, offloading 147,000 BTC since August 21 — the fastest drop since the bull cycle that began in early 2023, according to #CryptoQuant .

Analysts at Bitunix exchange warned that recent tariff announcements have increased market uncertainty, with sentiment oscillating between “rising inflation” and “slowing growth.” On Thursday, President Donald Trump announced steep tariffs of 25% to 100% on trucks, furniture, and pharmaceuticals, effective October 1, which could further pressure inflation.

The #Fed ’s preferred inflation gauge, the core personal consumption expenditure for August, expected Friday, is projected to show a 2.9% year-over-year rise, matching July’s pace. Month-on-month, it’s forecast to have increased 0.2%, slightly below July’s 0.3%, according to FactSet. A softer-than-expected print could temper the dollar’s rally, putting a floor under bitcoin and the wider crypto market.

Traders should remain vigilant about regulatory developments related to digital asset treasuries, or DATs, as a WSJ report late Thursday cited concerns from U.S. regulators about unusual trading volumes and stock price volatility in over 200 companies linked to crypto treasury strategies.

A regulatory pressure on these digital asset treasuries, or DATs, could accelerate market sell-offs.

Additionally, geopolitical developments warrant attention, as reports are circulating about Russia's aerial incursions in Europe. WTI crude oil is already up 4% for the week, the best performance since June. Stay alert!

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Binance Moonbix https://t.me/Binance_Moonbix_bot/start?startApp=ref_709157710&startapp=ref_709157710&utm_medium=web_share_copy
What Is Moonbix?
Binance Moonbix is a mini-game created by Binance. It is a Telegram crypto-themed game where you collect items while exploring the galaxy. The game is easy to access, with simple mechanics that encourage participation for potential rewards.
Unlike other Telegram mini-games, Moonbix doesn’t have a tradable token, but the game hosts periodic events that give players the chance to earn cryptocurrency rewards.
How Does Moonbix Work?
Moonbix operates through a Telegram bot, so you can easily access the game via the official Moonbix Telegram. To start playing, simply activate the Moonbix bot and follow the instructions.
The game is centered around a simple gameplay of collecting items, and the score is based on the number, size, and quality of items collected. Players accumulate points and compete to rank high on leaderboards, which increases their chances of winning rewards.
How to Play Moonbix
Each player has six free games per day, with each game lasting 45 seconds. Your goal is to use the spaceship hook to catch items for points. 
You have to tap or click at the right moment to ensure the hook collects coins, gift boxes, and mystery spaceships (when available). Collecting stones will give you negative points.

Key Features of Binance Moonbix
Accessible via Telegram: Moonbix is designed to be easily accessible through Telegram, allowing users to play on the go without needing additional apps or complex setups.Crypto rewards: Eligible Moonbix players can earn actual crypto prizes, which are redeemable via their Binance accounts.Simple gameplay: The game's simplicity ensures it appeals to a wide audience, from crypto enthusiasts to casual gamers.Periodic events: Binance Moonbix hosts special events where players can win even more prizes, making the game dynamic and exciting over time.Non-tradable asset: Moonbix is not a token or cryptocurrency, which has led to some confusion, but Binance has clarified that it is strictly a game with crypto rewards.
Does Moonbix Have a Token Airdrop?
Unlike Hamster Kombat and other Telegram mini-games, Moonbix doesn’t have a native token airdrop.
Some users have misunderstood Moonbix as being a new project with a cryptocurrency token. This confusion likely arose because of its potential rewards in crypto. However, the Moonbix team clarified that they created the project as a game only, with no plans to launch a native cryptocurrency.
Moonbix Rewards: DOGS and NOT
On October 7, 2024, Binance announced an exclusive campaign for Moonbix players, where users can share a reward pool of 145,000,000 DOGS and 15,000,000 NOT tokens by playing the game and trading.

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#binancemoonbix #binancemoonbixbot #MOONBİX #PlayToEarn #Telegram