Bitcoin printed a new all-time high, then dropped by over $2,000 as traders considered where the next BTC price bounce zone could be. Key points: Bitcoin begins a retracement after hitting new all-time highs above $125,000. Sunday trading produces BTC price volatility as traders eye potential bounce levels. Read more
The trader bagged nearly $2 million in profit by investing in the “4” memecoin shortly after Zhao’s social media post following the BNB Chain phishing incident. A lucky cryptocurrency trader turned a $3,000 investment into roughly $2 million within hours after Binance co-founder Changpeng “CZ” Zhao shared a post about a BNB Chain memecoin on X. Blockchain data shows the trader, identified by wallet address “0x872,” was one of the earliest buyers of the newly launched “4” ($4) token, according to blockchain analytics platform Lookonchain. The trader’s initial $3,000 worth of BNB (BNB) grew into $2 million, marking a roughly 650-fold return on investment. Despite the massive gains, the trader sold only a small portion of their holdings and still holds $1.88 million worth of the tokens. Read more
In Nairobi and Lagos, stablecoins like USDT and USDC help people fight inflation, cut costly remittances and move money through mobile wallets such as M-Pesa. Stablecoins are now everyday tools for savings, payments and trade in Nairobi and Lagos. Inflation, FX swings and high remittance costs drive adoption. Mobile money links make stablecoins feel familiar and practical. Read more
Bitcoin exchange balances plunged to six-year lows as over $14 billion left CEX platforms in a fortnight, as the asset powered to a new peak price. The amount of Bitcoin held on centralized exchanges has plunged to a six-year low as the asset climbed to a new all-time high. Bitcoin notched a new all-time high on Sunday morning, reaching a little over $125,700 on Coinbase, according to Tradingview. Its previous peak was $124,500 on Coinbase on Aug. 14. Bitcoin (BTC) pulled back by 13.5% by Sept.1 but has recovered strongly over the past week as ‘Uptober’ began. Read more