• A USDC investor paid over $2 million to receive only $0.05 of USDT while trying to evade a crypto market crash.
• The incident highlights the importance of double-checking information and methods of transfer before cashing out cryptocurrencies to avoid a permanent loss of funds.
• The collapse of Silicon Valley Bank (SVB) on March 10 has caused ripples in the crypto industry, leaving many investors anxious about the exposure of major players like Circle, the issuer of the popular stablecoin USDC.

Costly Mistake: How an Investor Lost 2 Million in a Race Against Time

The Incident

A USDC investor paid over $2 million to receive only $0.05 of USDT while trying to evade a crypto market crash. This incident highlights the importance of double-checking information and methods of transfer before cashing out cryptocurrencies to avoid a permanent loss of funds.

Background Information

The collapse of Silicon Valley Bank (SVB) on March 10 has caused ripples in the crypto industry, leaving many investors anxious about the exposure of major players like Circle, the issuer of the popular stablecoin USDC. With $3.3 billion, or around 8%,of its reserves held at SVB, Circle is now facing heavy redemptions as investors move to cash out.

What Went Wrong

Following fear for USDC insolvency, users fled for safety into other stablecoins but some made costly mistakes – one user paid $2,080,468.85 for just $0.05 worth USDT! They had their assets stored in a liquidity pool and used KyberSwap aggregation router instead opting for cheaper option which cost them heavily in this case.

Conclusion

The incident serves as an important lesson regarding double-checking information and methods used when cashing out cryptocurrency investments to avoid a permanent loss of funds due to panic sales during market crashes or other financial calamities faced by issuers such as Circle’s SVB debacle which left many investors worried about their investments‘ security and stability with USDC reserves exposed at risk due it’s reliance on external custodial services such as SVB bank accounts..

• The crypto markets have been on a roller coaster ride since the beginning of 2023, witnessing a massive jump before bulls drained heavily and the bears regained control.
• This weekend, multiple factors could keep the crypto space consolidated. This includes Mt. Gox’s 142,000 BTC unlock, Ethereum withdrawals-Shanghai upgrade, Silvergate Collapse and macroeconomic shift.
• These events may cause a plunge in the crypto market this weekend.

Current Crypto Market Status

The crypto markets have been on a roller coaster ride since the beginning of 2023, as the price has varied largely. The first two weeks witnessed a massive jump that raised the price by more than 40%.Following which, the bulls seemed to have drained heavily, and the bears regained control and kept the markets under their control including a couple of pullbacks.With the recent drop, it appeared that the price would resume with a fine recovery but multiple factors could keep the crypto space consolidated over this weekend.

Factors That May Lead To A Plunge

It is well known that different external factors can affect cryptocurrency prices and cause them to surge or fall at any given time. Global market cap fell more than 5.3% over this weekend as extreme selling pressure mounted across all cryptocurrencies in general. However, these events are expected to keep causing consolidation in this sector:

Mt Gox’s 142K BTC Unlock

Nearly 142K BTC are set to be released this year with creditors expecting to receive their holdings on 10th March 2021 with a deadline of 10th September 2021 for repayment processes to end completely. Although many creditors may not sell off all or part of their original holdings due to fear of liquidation there is still an increase in selling pressure in anticipation for these coins being unlocked from Mt Gox wallets soon enough

Ethereum Withdrawals-Shanghai Upgrade

The Shanghai upgrade allows validators to withdraw staked ETH from Beacon chain which was initially scheduled for March but now delayed till April 2021 . This upgrade though beneficial for ETH staking sector will also lead to increased selling pressure on other cryptos when investors start withdrawing their funds from it into other coins

Silvergate Collapse

Silvergate Bank who primarily deals in crypto transactions operated Silver Gate Exchange Network (SEN) which enabled exchanges offer ability to trade fiat currency however recently exposed FTX collapse led it suffer loss of $1 billion resulting withdrawal support leading reverse impact on entire crypto space

Macroeconomic Shift

Microeconomic data such as CPI & PPI results have shifted drastically causing investors take back profits made during recent bull run leading further dip in prices

ConclusionThese four major events can create significant impact on prices movements in crypto market over this weekend , though its uncertain if plunge will occur or not but high possibility exists so its better investors prepare themselves beforehand just incase .

Overview of WEWE Global

• WEWE Global offers a wide range of crypto-centric products and services, accessible to people worldwide.
• It has a Referral program that allows users to become Independent WEWE Associates (IWA) and build their own business.
• It has a DAO structure with a voting system that allows every member to have a say in the platform’s direction.

Benefits of WEWE Global

WEWE Global is an excellent opportunity for crypto users to capitalize on their network and earn rewards for their efforts. Through its innovative crypto-centric products, Referral Program, and community-driven development, it provides ample opportunities for digital entrepreneurs to succeed in their business ventures.

Risks Associated With WEWE Global

It is important to approach the platform with caution when considering investing any money or time into it. Becoming an IWA requires dedication, hard work, and thorough understanding of the Referral Program as well as potential rewards one can receive from it, along with expectations on maintaining a successful business.

Conclusion

Overall, WEWE Global is a reliable and legitimate platform for crypto users offering numerous opportunities for success. Its innovative crypto-centric products, Referral Program, and community-driven development make it an attractive option in the rapidly changing crypto landscape.

Suggestions For Interested Users

For interested users who want to take advantage of this platform’s features, we suggest doing research about the platform’s products and services first before investing any money or time into it. Moreover, having knowledge about the Referral Program including potential rewards one can get from it as well as being dedicated enough to maintain a successful business should also be taken into consideration when using this platform.

Overview

• The United States Securities and Exchange Commission (SEC) is facing scrutiny over its recent lawsuit against Terraform Labs and Do Kwon.
• The SEC is treating the defendants with less severity than Ripple, raising questions about their inconsistent approach to regulating the cryptocurrency industry.
• This case has far-reaching implications for the future of cryptocurrencies in the US and is a legal test of the SEC’s system of „regulation by enforcement“.

SEC vs Ripple

The SEC is pursuing legal action against Ripple and anyone associated with it, such as employees, agents, and lawyers. However, Ripple has fiercely defended its position that XRP is not a security. Recently, the SEC admitted that XRP is a software code and not a security but argued that it should be held to the same standards as Ethereum.

SEC vs Terraform Labs & Kwon

In contrast to Ripple’s case, the SEC’s lawsuit against Terraform Labs and Kwon alleges that they conducted a multi-billion dollar crypto asset securities fraud. They are accused of selling an „inter-connected suite of crypto asset securities“ through unregistered transactions while also misleading investors about the stability of their stablecoin – Anchor Protocol – which promised 20% interest on USTC deposits without disclosing any risks involved.

Implication For Cryptocurrency Industry

The outcome of this case could have major implications for cryptocurrency regulation in the US in years to come as regulators continue to play an increasingly significant role in shaping this industry.

Conclusion

The ongoing dispute between SEC and both Ripple and Terraform Labs & Kwon highlights how important it is for all parties involved in cryptocurrency investments to understand all applicable regulations before making any decisions regarding investments within this space. It will be interesting to see how these cases progress over time as regulatory bodies continue to take an active role in overseeing this fast-evolving market segment.

• Cardano’s price is closer to a breakout, but it is not moving towards the higher targets due to bearish clouds.
• Due to this, investors may expect a plunge in the next few hours that may drive the prices close to $0.32 certifying the ongoing bearish trend.
• A daily close beyond $0.4 may save the rally from falling into a deep bearish well that may invalidate the bearish thesis; otherwise, it will lead to a possible reversal towards $0.32.

Cardano Price Analysis

The crypto markets are shrinking slowly with top tokens maintaining a consolidated descending trend and impacting Cardano’s price which had just surged beyond its crucial resistance of $0.38. However, failing to move above $0.4 could lead to price dropping hard and testing lower levels around $0.32 in coming days as RSI suggests an imminent trend reversal.

Bearish Divergence Confirmed

Cardano’s 6 months‘ price trend was skyrocketing till recently but momentum indicator RSI produced lower highs than before indicating that rally was not backed and hence could face a bearish reversal soon if it fails to secure levels beyond $0.42 after increasing selling volume slightly pushing prices down closer to $0.32 level by invalidating any other bullish thesis in process.

Possibility of Bearish Reversal

A slight uptick in selling volume can cause downfall for Cardano’s prices driving them closer toward the low target of $0

• Bitcoin is currently trading at $23,082 while Ethereum has dropped 0.15% and is now trading at $1,500 area
• Crypto analyst Altcoin Sherpa predicts a bullish target for DYDX, GMX, and Injective
• Altcoin Sherpa claims that Bitcoin’s current trade pattern is similar to the late 2018 and early 2019 cycle

Bitcoin Price Mirrors Late 2018 Pattern

BTC price strongly holds in the $23K trade level with most of the large cap cryptocurrencies turning red. Bitcoin is down 0.15% while Ethereum has dropped to the crucial level of $1,500. The crypto market is currently flashing a mixed signal.

Bullish Target Predicted By Altcoin Sherpa

Crypto strategist and trader Altcoin Sherpa predicts a bullish target for DYDX, GMX, and Injective as they are performing well during this market shift between ups and downs. All three decentralized altcoins have seen an increase in their value over the past 24 hours with DYDX surging 23.31%.

$30K Imminent?

Altcoin Sherpa believes that Bitcoin is trying to display a similar pattern to its late 2018 and early 2019 trade cycle where it had spiked from $3,000 level to that of $14,000 area before dropping back down again. He believes this could be a sign that BTC could soon surpass its all-time high of $25,000 and reach new heights of up to $30K in the near future.

Current Market Situation

The crypto market situation remains uncertain as many large cap cryptocurrencies have turned red but Bitcoin and Ethereum are still holding strong in their respective levels for now. Meanwhile DYDX (trading at $3.14), GMX ($57.7) and Injective ($3.30) continue to show signs of strength despite the fluctuating market conditions.

Conclusion

Overall it appears that Bitcoin may be on track to mirror its previous late 2018/early 2019 bull run trend which could see it hit new highs above its current all-time high of over 25k soon enough – possibly reaching prices as high as 30k if everything goes according to plan!

• There is a decrease in the interest of “whales” in SHIB tokens as the price of the token has decreased by 3.75% in the past seven days.
• The decrease in the number of SHIB tokens that were burnt on the network on 26th January could be seen as a signal of declining network activity.
• The burn rate has now returned to normal levels and SHIB failed to push through the protracted downward trend and made a U-turn at the three-month regression line.

The price of Shiba Inu (SHIB), which is the world’s second-largest meme token, has been increasing along with the rest of the cryptocurrency market since the beginning of the bull market in 2023. However, in the past seven days, the token’s value has decreased by 3.75%. This decrease in price has caused many whales, or large investors, to lose interest in the token.

The difficulty or unwillingness of whales to drive the token’s price any further may be connected to the need for a brief correction that would cool down SHIB and the market as a whole. This is one of the reasons why many retail investors are hesitant to get into the project. On the 26th of January, there was a significant reduction in the number of SHIB tokens that were burnt on the network. A dip of this magnitude might be seen as a signal of declining network activity, which is unfavorable to SHIB and should be avoided at all costs.

The burn rate, as well as the general activity of the Shiba Inu network, are thankfully seeing a recovery. The burn rate has now returned to the levels that we typically observe when the network is operating normally. SHIB failed to push through the protracted downward trend and made a U-turn at the three-month regression line.

If the current trend on the market continues, the meme token will revert to the downward movement dynamic, at which point whales may once again show a greater interest in SHIB tokens. The recovery of the network activity and the token burning rate is a positive sign for SHIB and the cryptocurrency market in general. Only time will tell if whales will once again show an interest in SHIB tokens and drive the price of the token back up.

• Terra Classic (LUNC) is expected to reach as high as $0.000314 by the end of 2023.
• LUNC could surge to a maximum of $0.00212 by the end of 2030.
• The crypto industry was left flattered when the fall of Terra almost wiped out $60 billion from the market valuation.

The crypto industry has been left flattered in recent times due to the fall of Terra, which saw $60 billion wiped off the market valuation. This disaster has been a learning experience for investors, as they now understand the market better and can make more informed decisions. The coin has since regained the attention of investors, with its performance. In this article, we will explore the possible Terra Classic (LUNC) price prediction 2023 – 2025, and the years to come.

Terra Classic is a cryptocurrency that has been built on the Ethereum blockchain. It is a hard fork of the original Terra (LUNA) coin, which was created to provide a faster, more secure, and more reliable cryptocurrency. Terra Classic (LUNC) is an ERC-20 token that can be used for trading, staking, and more. It has a total supply of 1 billion tokens, and the current circulating supply is about 53 million tokens.

The current market cap of LUNC is about $26 million, with a 24 hour trading volume of about $2.7 million. The coin is currently trading at $0.000509, and it has seen a 1295% surge since its fall. Analysts believe that the coin could reach as high as $0.000314 by the end of 2023, and could surge to a maximum of $0.00212 by the end of 2030.

Fundamental analysis suggests that the coin is on track for a bull run, as it has seen a steady increase in its trading volume over the past few months. It has also been listed on several major exchanges, which has further boosted its liquidity. Additionally, the coin has been gaining traction in the DeFi space, as it is being used for staking and trading.

The historical market sentiments for the coin have been positive, with the coin gaining traction from investors. The coin saw a huge surge in its price in 2019, when it reached its all-time high of $0.0007. This was followed by a steady decline in 2020, which saw the coin dip to its all-time low of $0.0001 in 2021. The coin has since recovered and is currently trading at $0.000509.

CoinPedia’s Terra Classic Price Prediction

CoinPedia’s Terra Classic (LUNC) Price Prediction 2023 – 2025 suggests that the coin could reach as high as $0.000314 by the end of 2023 and could surge to a maximum of $0.00212 by the end of 2030. The coin is expected to experience a bull run, as it has seen a steady increase in its trading volume over the past few months.

Market Analysis

The market analysis for the coin suggests that it is on track for a bull run, as it has seen a steady increase in its trading volume over the past few months. Additionally, the coin has been gaining traction in the DeFi space, as it is being used for staking and trading. The coin has also been listed on several major exchanges, which has further boosted its liquidity.

What Is Terra Classic (LUNC)?

Terra Classic (LUNC) is a cryptocurrency that has been built on the Ethereum blockchain. It is a hard fork of the original Terra (LUNA) coin, which was created to provide a faster, more secure, and more reliable cryptocurrency. Terra Classic (LUNC) is an ERC-20 token that can be used for trading, staking, and more. It has a total supply of 1 billion tokens, and the current circulating supply is about 53 million tokens.

Fundamental Analysis

Fundamental analysis suggests that the coin is on track for a bull run, as it has seen a steady increase in its trading volume over the past few months. It has also been listed on several major exchanges, which has further boosted its liquidity. Additionally, the coin has been gaining traction in the DeFi space, as it is being used for staking and trading.

Historical Market Sentiments 2019 – 2022

The historical market sentiments for the coin have been positive, with the coin gaining traction from investors. The coin saw a huge surge in its price in 2019, when it reached its all-time high of $0.0007. This was followed by a steady decline in 2020, which saw the coin dip to its all-time low of $0.0001 in 2021. The coin has since recovered and is currently trading at $0.000509.

FAQs

Q. What is the future price of Terra Classic (LUNC)?

A. CoinPedia’s Terra Classic (LUNC) Price Prediction 2023 – 2025 suggests that the coin could reach as high as $0.000314 by the end of 2023 and could surge to a maximum of $0.00212 by the end of 2030.

Q. Is Terra Classic (LUNC) a good investment?

A. The market analysis suggests that the coin is on track for a bull run, as it has seen a steady increase in its trading volume over the past few months. Additionally, the coin has been gaining traction in the DeFi space, as it is being used for staking and trading. The coin has also been listed on several major exchanges, which has further boosted its liquidity.

• The SEC is currently engaged in a high-profile dispute with blockchain company Ripple over the status of the Ripple-issued XRP token.
• If the SEC were to win, other cryptocurrencies would likely be compelled to register as securities, and crypto exchanges would likely be required to register under the regulations governing securities exchanges.
• This would bring the cryptocurrency sector under the SEC’s regulatory purview, potentially creating a difficult and uncertain environment for the industry.

The Securities and Exchange Commission (SEC) and blockchain company Ripple are currently locked in a high-profile dispute over the status of the Ripple-issued XRP token. The SEC argues that the token is a security, contrary to established precedent in securities law, and the case is part of the SEC’s broader goal to bring the cryptocurrency markets under its regulatory authority through enforcement. As of yet, no official date has been set for a verdict, but it is widely expected that the litigation will conclude this year.

The implications of a victory for the SEC could be significant. If the SEC were to win, other cryptocurrencies would likely be compelled to register as securities, and crypto exchanges would likely be required to register under the regulations governing securities exchanges. This would bring the cryptocurrency sector under the SEC’s regulatory purview, potentially creating a difficult and uncertain environment for the industry. The SEC Chairman Gary Gensler has stated that Bitcoin is the only cryptocurrency he is hesitant to designate as security, meaning that other cryptocurrencies could face the same fate as XRP.

The uncertainty of the verdict is causing anxiety for those invested in the cryptocurrency sector. For example, the speculation around the case has caused the price of XRP to fluctuate significantly in recent months. Moreover, the SEC’s expansive interpretation of securities law could have a chilling effect on the development of new cryptocurrencies, as innovators would face a greater risk of SEC enforcement.

The outcome of the case could have long-term consequences for the cryptocurrency industry. If the SEC prevails, the industry would be faced with an uncertain future of increased regulation and enforcement. On the other hand, a win for Ripple would provide a degree of clarity and allow the industry to move forward with greater confidence. The outcome of the case will likely have a major impact on the future of the cryptocurrency industry, and the market will be watching closely for a verdict.

Bulletpoints:

• The article discusses the impact of the COVID-19 pandemic on the global economy
• It highlights the continued uncertainty of the pandemic and its impact on the job market
• The article emphasizes the need for robust economic policies to mitigate the economic effects of the pandemic

The COVID-19 pandemic has had a devastating impact on the global economy. With the virus continuing to spread and no end in sight, the economic uncertainty and disruption is likely to last for some time. Governments and financial institutions have had to act quickly to try to mitigate the economic effects, with stimulus packages and other economic measures being implemented in many countries.

The job market has been particularly hard hit by the pandemic, with millions of people around the world losing their jobs as a result. This has led to a sharp rise in unemployment, and it is feared that the situation could get worse before it gets better. Governments have had to act quickly to try to protect workers and businesses, providing financial assistance and other measures to try to support those affected.

The pandemic has highlighted the need for robust economic policies that can help to mitigate the economic effects of the virus. This includes measures such as providing financial assistance to businesses and households, as well as measures to help stimulate the economy in the short term. In addition, governments must also look at the longer-term economic implications of the pandemic and take steps to ensure that the economy is better prepared for future shocks.

The economic effects of the COVID-19 pandemic have been far-reaching and have impacted virtually every sector of the global economy. As the pandemic continues, it is clear that governments and other financial institutions must continue to work together to ensure that the economic impacts are mitigated and that the global economy can recover from this crisis. Robust economic policies will be essential in order to ensure that the economic effects of the pandemic are minimized, and that the global economy can eventually return to a state of growth.