AVA Trading Labs

Detailed review of Portal (PORTAL) on Binance Launchpool1. About Portal: Portal is a multi-chain blockchain game platform with the mission of bringing gamers to the world of Web 3.0 Multi-chain wallet system: Allows users to securely store and manage assets on multiple blockchains different. Marketplace: Where players can buy, sell, and exchange in-game items in a safe and transparent manner. Payment gateway: Allows users to pay for in-game services with fiat currency or cryptocurrency .Development Kit: Helps game developers create high-quality blockchain games easily.2. Advantages of Portal: Multi-chain: Supports many different blockchains, helping players experience blockchain games smoothly. Easy to use: Simple and intuitive interface, making it easy for players to participate into the world of blockchain games.Security: Advanced safety system helps protect players' assets.Community: Large and enthusiastic community of blockchain gamers.3. Investment opportunity with Portal on Binance Launchpool: Binance Launchpool has listed PORTAL, Portal's utility token, allowing users to stake BNB and FDUSD to farm PORTAL for 7 days, starting February 22, 2024. This is a great opportunity for users to participate early in this potential project.4. Evaluation by :AVA Tech Labs highly appreciates Portal for the following reasons: Potential project: Portal has great potential to become the leading blockchain game platform in the future. Strong development team: Development team Portal developers have a lot of experience in the field of blockchain games. Strong community: Portal's community of blockchain gamers is growing rapidly.Conclusion: Portal is a potential blockchain game project with many outstanding advantages. Listing PORTAL on Binance Launchpool is a great opportunity for users to participate early in this project. How much do you think the token price will be in USDT? To learn more about Portal: https://bom.so/X2WCOjWebsite: https://www.portalgaming.com/#Binance #portal #web3 #btc #tradinginsight Wishing you success!

Source: THINK b/Adobe
China’s ride-sharing giant Didi Chuxing has unveiled a new digital yuan service that will let citizens in 250 parts of the nation use their CBDC coins to rent motorcycles.
Per the Xi’an Business News Network, the move involves the Didi Chuxing affiliate Didi Qingjue, which operates an app-powered motorcycle-sharing service.
Previous developments have seen Didi Chuxing affiliates offer digital yuan-holding customers CBDC payment options for bicycles and Uber-like ride-hailing services.
Users in the pilot zone will now be able to choose the e-CNY as a payment option in the Didi Chuxing app, as well as launching quick CBDC payment options on mobile widgets when hiring motorbikes.

A selection of bikes, electric cycles, and motorbikes from the ride-sharing operator Didi. (Source: yangli20067/Weibo)
Didi was one of the first private sector transport operators to join the e-CNY project, launching a bicycle-sharing pilot back in June 2020.
The firm formed a “strategic cooperation agreement” with the Digital Currency Research Institute, the central People’s Bank of China’s CBDC arm.
At the time, the parties agreed to “jointly study and explore the application of the digital yuan in the field of smart travel.”
China’s Didi Exploring Digital Yuan Pay Options
Didi said its latest move would help boost adoption and provide more payment options for its customers, adding that it would “continue to promote the application of the digital yuan in the travel sector.”

Source: N509FZ (CC BY-SA 4.0)
Chinese state-run public transport operators have been among the country’s most active CBDC adopters: Some of the very first “real-world” e-CNY transactions were made by civil servants on public bus routes.
In recent years, adoption has expanded to city metro systems, rail networks, and highway toll booths. In the city of Jinan, the entire bus network now accepts digital yuan payments.
Some inter-city rail networks have also been adapted to accept e-CNY pay, particularly in the parts of the nation that hosted the Asian Games earlier this month.
In the B2B world, meanwhile, Chinese banks have been creating digital yuan-powered supply chain financing solutions that make use of e-CNY smart contract technology.

Source: AdobeStock / Nuthawut
Google searches for ‘buy Bitcoin’ have gone up more than 800% in a single week in the UK, but Google Trends show multiple spikes in interest this quarter alone globally.
Bitcoin has witnessed a massive rise in interest during the last week across the world, but the trend has been noticeably led by the United Kingdom. The country has seen searches for buying bitcoin jump 826% in this short time frame. This is according to data from Cryptogambling.tv, as reported by Cointelegraph.
“The remarkable surge in ‘buy Bitcoin’ searches in the UK, combined with the cryptocurrency’s resurgence, underscores the growing interest and potential impact of traditional financial institutions’ involvement in the world of digital assets,” a spokesperson from Cryptogambling.tv was quoted as saying.
Google Trends data show that ‘buy Bitcoin’ today hit another value of 100, which is the peak popularity for the term in a particular time frame. Zooming further out, the spike in searches has been noticeable, starting over the last weekend.
But notably, it is not an isolated event. There have been several significant spikes in the UK over the last month alone. If we zoom out to the 90-day range, allowing more data into the chart, we find even higher spikes in late August and mid-September.
‘Buy Bitcoin’ chart, UK, 90 days

Source: trends.google.com
The situation, however, is slightly different when observing global searches for the same term. Let’s focus on the 7-day range first: while the UK saw its highest point just today, worldwide, the trend went downwards over the past couple of days, reaching a value of just 29 today. Its 100 – the highest popularity seen in this time period – was hit on Tuesday.
Now zooming out to 30 days, the situation is a lot less ‘spikey’ – it is relatively stable across this time frame. October 20 and 23 were the days when people worldwide searched ‘buy Bitcoin’ the most in this time period, with values of 100 and 99, respectively. The lowest was, interestingly, on October 22, with a value of 72.
Over the 90 days, late August was the time when people globally were the most interested in this search term, followed by early September – similar to what the UK saw – while they were the least interested in late September and early October.
‘Buy Bitcoin’ chart, worldwide, 90 days

Source: trends.google.com
Searches for ‘should i buy bitcoin now’ spiked worldwide in the last week, reaching their highest on October 25. Zooming out to observe the entire last year, this spike was just a third of the interest shown in mid-November 2022. This should not take away from the fact that this latest increase was a massive one compared to the week prior, jumping from 0 to 100, literally.
‘Bitcoin’ on its own has been by far more searched term than the two above. This week’s ‘bitcoin’ searches were the highest both for the 7-day and 30-day periods.
Over the past 90 days, this week’s searches of ‘bitcoin’ were the second-highest, behind mid-August, while November 2022 holds the highest spot over the 12-month period.
‘Bitcoin’ (blue), ‘buy Bitcoin’ (red), and ‘should i buy bitcoin’ (yellow) chart, worldwide, 90 days

Source: trends.google.com
This latest global spike in the renewed interest in crypto and purchasing BTC naturally coincided with the latest rally.
At the time of writing, on Friday morning (9:40 UTC), BTC traded at $34,125, down 1% in a day. It was up 15% in a week, and double that – 30% – over the past month.
It began its rally over the last weekend and reached just below $35,000 on Wednesday, according to CoinGecko.
BTC 7-day price chart:

Source: coingecko.com
Another factor in the latest rally is the ongoing discussion surrounding bitcoin spot exchange-traded funds (ETFs) and the potential positive effect it would have on the world’s first crypto.

HTX, the crypto exchange formerly known as Huobi Global and owned by Chinese blockchain personality Justin Sun, has announced a profit of $98 million for the third quarter of 2023.

In a recent post on X (formerly Twitter), Sun claimed that HTX generated $202 million in revenues during the quarter, with expenses totaling $104 million.
Despite the challenging market conditions in the third quarter, including the impact of the United States Federal Reserve’s high interest rates, HTX managed to maintain its revenue growth rate, the crypto veteran said.
Sun also expressed optimism about the fourth quarter, citing a market recovery and projecting $190 million in revenue and $88 million in expenses for an estimated profit of $104 million.
Sun believes that the crypto bear market is nearing its end, anticipating a spring recovery in the market in Q4 2023 and Q1 2024.
He expressed confidence in the overall improvement of financial indicators during this period.
“The overall market recovered in the fourth quarter. We are optimistic about the fourth quarter. The revenue forecast is still relatively conservative.”

HTX Faces Operational Challenges
However, HTX has faced operational challenges in recent months.
During the Token2049 event in Singapore, Edward Chen, managing director of HTX Ventures, revealed that the exchange had reduced its staff count from 2,500 earlier in the year to 900 in response to falling revenues.
In January, HTX faced an employee revolt when salaries were cut and bonuses removed due to financial difficulties.
Furthermore, HTX experienced a security breach in late September that resulted in the loss of $8 million worth of crypto assets.
The breach involved the draining of 5,000 ETH from one of HTX’s hot wallets.
Following the hack, HTX promptly reached out to the hacker and claimed to have identified their identity.
The efforts to recover the stolen funds eventually turned out to be successful and the exchange regained the funds earlier this month.
HTX Targeted By UK Financial Watchdog
In another blow to HTX, the exchange has been added to the FCA’s warning list, which includes some crypto platforms categorized as “non-authorized firms” that citizens “should avoid.”
The FCA’s decision to add these exchanges stems from concerns about their operation without the necessary license or compliance with UK regulations, potentially putting customers at risk.
Consequently, they strongly advise against engaging with any firm on the warning list, as it may expose individuals to fraud or other financial losses.
Exchanges listed in this manner are prohibited from operating within the UK.
To be removed from the list, an exchange must either register with the FCA or obtain a temporary status permit allowing legal operations within the country.

While the Foundation's losses were relatively mild, one Fantom employee alone may have lost $3.4 million.
The #Fantom Foundation confirmed that it and its employees collectively lost hundreds of thousands of dollars worth of crypto in an attack on Oct. 17.
Fantom announced on Twitter/X:
“We are aware of reports indicating a small number of Fantom wallets were compromised earlier today. At this juncture, we can confirm the wallets in question were affected, including $550K in Fantom Foundation funds.”
The Fantom Foundation added that a “significant majority” of its funds — more than 99% of its holdings — were not affected by the attack.
Fantom additionally noted that an employee wallet that had been erroneously identified as belonging to the Foundation was affected by the attack. It called this a “targeted personal attack” and said that it is tracking and investigating the employee’s funds.
The project acknowledged early reports suggesting the attack resulted from a zero-day hack via Google Chrome but said that it is still investigating whether this is the case.
Independent crypto commentator Spreek shared a message, originally posted by an admin on Fantom’s Telegram channel, discussing the potential role of a Google Chrome vulnerability in the attack.
Amount stolen could total $6.7M
Separate reports from Spreek suggested that one of the attacker’s wallets at one point held $6.7 million. Spreek noted that it is unclear whether all of those funds originated from the attack in question.
Spreek also identified multiple Fantom employee wallets that were victimized, including one team member’s wallet that lost $3.4 million.
Separate reports from CertiK suggest that those funds have now been consolidated on another Ethereum address that holds $7.0 million.
That wallet did not begin to receive funds until around the time of the attack, and all of the received funds came from another wallet titled Fake_Phishing188025. This suggests that much of the wallet’s multi-million balance is indeed hack-related.

#Bitcoin (BTC) is trading flat in the mid-$28,000s after hitting its highest level since early August on Monday near-$30,000 on fake rumors that the SEC had approved BlackRock’s spot Bitcoin ETF application.
While those reports turned out to be fake, markets remain optimistic that spot Bitcoin ETF applications will be approved in the months ahead in wake of the SEC decision not to appeal against a legal loss it just sustained versus Grayscale.
In August, a judge ordered a review of the SEC’s decision to reject Grayscale’s application to transform its Bitcoin Trust (GBTC) to a spot ETF.
That could explain why Bitcoin has been able to hold firm in the mid-$28,000s, despite a spike in US yields on Tuesday following hot US Retail Sales data.
In wake of that data, the US money market pricing implied probability that the Fed lifts interest rates at least one more time before the end of the year has jumped to over 45%, up around 11% versus Monday as per the CME’s Fed Watch Tool.
Elsewhere, Ether (ETH) underperformance versus Bitcoin continues, with the cryptocurrency down around 1% in the last 24 hours as per CoinGecko.
Other major altcoins are mixed, with XRP (XRP), Dogecoin (DOGE) and Cardano (ADA) down 1-2% in the past 24 hours, whilst Solana (SOL) is up close to 2% and Toncoin closer to 5%.
With not much action to speak of in the blue-chip crypto markets on Tuesday, traders will continue to turn to the highly illiquid and volatile shitcoin/meme coin markets for a better possibility of near-term gains.
Here are some of the top-performing low-cap shitcoins as per DEXTools.
Boba Fett ($BOBA)
A newly launched shitcoin called Boba Fett ($BOBA) has seen an impressive 500% pump since its launch earlier on Tuesday.
The shitcoin last had a market cap of around $327,000, with over $500,000 in trading volumes over the last 24 hours, as per DEXTools.
The token has already been able to accumulate more than 200 holders and already has liquidity of over $250,000.
$BOBA has three concerning aspects to its contract according to DEXTools’ security audit, including potential antiwhale, trading cooldown and external call risk functions, so potential investors should exercise significant caution when buying this coin.
Shiba ($SHIBA)
A copycat version of #Shiba Inu called Shiba ($SHIBA), which claims to be the rebirth of the $DOGE killer (i.e. Shiba Inu), has pumped up around 75% in the past 24 hours amid over $800,000 in trading volumes, making it a top performing shitcoin as per DEXTools.
Since launching 20 days ago, $SHIBA has been able to accumulate over 2,150 holders and last had a market cap of $1.56 million, with liquidity of around $150,000.
The token has four concerning aspects to its contract, as per DEXTools’ security audit , including a hidden owner, external call risk, a max sell ratio and an antiwhale mechanism.
Cyb3rgam3r420 ($GAMER)
A shitcoin called Cyb3rgam3r420 ($GAMER) has pumped close to 100% in the last 24 hours, making it a top performing shitcoin as per DEXTools.
$GAMER last had a market cap of around $280,000, with over $240,000 in volumes trading in the past 24 hours.
The token has close to 2,000 holders and nearly $75,000 in liquidity, but it has four concerning aspects to its contract, as per DEXTools’ security audit.
These include a possible hidden owner, possible external call risk, an antiwhale function and a possible trading cooldown mechanism.
Crypto Alternatives to Consider
Shitcoins are very risky, given most have no real value proposition.
For those looking for an even better probability of near-term gains, an alternative high-risk, high-reward investment strategy to consider is getting involved in crypto presales.
This is where investors buy the tokens of upstart crypto projects to help fund their development.
These tokens are nearly always sold cheaply, and there is a long history of presales delivering huge exponential gains to early investors.
Many of these projects have fantastic teams behind them and a great vision to deliver a revolutionary crypto application/platform.
If an investor can identify such projects, the risk/reward of their presale investment is very good.