From March 20, interoperability protocol Celer will allow MOON holders to move coins to Arbitrum One.
Reddit Is Making a Deal With the AI Devil
The social media giant’s $60 million real-time data deal with Google is latest example of internet companies selling out their users who have nominally “consented” to share their personal information but have no control. Blockchains and ZK-proofs could help prevent corporate overreach, Nym CEO and privacy advocate Harry Halpin writes.
What Reddit’s IPO Filing Says About Crypto Regulation
MOON Holder Makes 550% on Predictions Platform Polymarket as Bitcoin Moves Above $50K
The trader had bought the Yes side shares of the now-expired Polymarket-based betting contract “Will BTC hit $50,000 in February?”
Worldcoin integrates with Shopify, Mercado Libre, Minecraft, Reddit and Telegram
Worldcoin released a new version of its World ID feature with multiple app integrations.
Reddit Token MOON Rockets 150% Amid Hopes of Revival
MOON supply will be topped at 83 million tokens and moderators say they will continue to develop tools to help value accrual.
Reddit removes moderators involved in alleged insider trading of MOON tokens
On Oct. 18, Reddit closed its blockchain-based points program that involved the use of certain crypto tokens native to subreddits.
Reddit Crypto Community Removes Moderators Accused of MOON Insider Trading
The MOON token is here to stay, r/CryptoCurrency subreddit said.
Reddit mods dumped tokens hours before blockchain program termination
Analysis suggests at least three Reddit moderators dumped thousands of dollars worth of Moons just minutes before the actual announcement.
Reddit-Based Tokens Plunge on Report of Wind Down of Community Points
MOON, BRICK and DONUT are each lower by 60%-90%.
Reddit’s Fortnite Token BRICK More Than Doubles After Two-Months of Decline
Bricks (BRICK), the native token of Reddit’s Fortnite community, surged by 100% over the past 24-hours following a two-month downswing that saw it lose more than 80% of its value.
Nifty News: NFT restaurant crumbles, Binance NFT ends Polygon support and more
The restaurant was being built alongside a private members lounge that was only open to people who bought NFTs, but rising construction costs ultimately halted the project.
Nifty News: Coca-Cola gest Based, Reddit avatars reach 20M milestone and more
Coca-Cola has chosen the newly-launched Coinbase layer-2 network Base to deploy its Masterpiece NFT collection.
Trader Who Predicted Luna’s Downfall Now Holds 450K MOON Tokens
GCR likely bought 450,000 MOON at an average price of 40 cents-45 cents, Loch Research’s Prithvi Jhaveri said.
Trader Who Placed $10 Million Bet Against LUNA Loading Up Reddit’s Moons
In a new development, a trader who placed a substantial $10 million bet against LUNA in May 2022 before the then native currency and UST—the algorithmic stablecoin, collapsed is now setting his sight on Reddit Moons. Going by the moniker “GCR,” on-chain data on August 8 showed the trader moved 450,000 MOON from MEXC Exchange to Kraken.
Moons Rallying
Moons, the ERC-20 token associated with the r/CryptoCurrency forum on Reddit, is firm and on an uptrend, looking at current price action. At spot rates, the token is up 400% from late July and changing hands at $0.47, hovering near 2023 highs.
Based on price action from MEXC trade data, the immediate resistance level is at $0.65, which was printed in late July 2023. However, with the revival currently visible across the crypto market, prices will likely continue increasing. To illustrate, Moons is already up 90% in August alone, rebounding from $0.25 and surging to spot rates.
Several factors are believed to be fanning demand. One of these is the influence of traders like GCR, who are acquiring Moons and potentially improving sentiment on altcoins considering the recent lower lows recorded in the better part of July.
However, looking at how MOON prices reacted after Kraken’s listing on August 7, the community appears more buoyant and confident of improving liquidity.
Kraken Listing
As trackers reveal, before the Kraken listing, most Moons trading activity was concentrated on MEXC Exchange. On August 7, Kraken announced its listing of Moons alongside Bricks (BRICK). Alongside the announcement, Kraken said users could deposit MOON and BRICK from the Arbitrum Nova network.
Moons and Bricks are also available for trading on Kraken and Kraken Pro accounts. From Kraken Pro, clients can trade MOON and BRICK perpetual derivatives.
MOON has been described as a “community-driven” token since its launch in May 2020. Within the r/CryptoCurrency subreddit, it serves multiple functions, including rewarding users who contribute positively.
Reddit said Moons’ holders can access premium features, including badges and custom emojis, and tip fellow community members. Moreover, holding Moons grants voting power in subreddit polls, affording holders a say in shaping the subreddit’s future.
Arbitrum data on August 8 shows over 121 million Moons in circulation. Out of this, more than 206,000 holders have generated over 670,000 transfers. All Moons are stored on Vault, the mobile-based wallet launched in 2022.
Crypto News Today: Bitcoin’s Rally Toward $30K, PayPal’s Stablecoin Fakes, and More
As Bitcoin retakes $30K and major players like PayPal delve into the crypto realm, the intersection of traditional finance and crypto becomes more pronounced.
Reddit community tokens soar on Kraken listing
The tokens are part of the Reddit Community Points initiative to create cryptocurrencies that would incentivize content creation.
Reddit Community Tokens Moons and Bricks Soar 50% on Kraken Listing
Kraken and Kraken Pro users can trade both coins against the U.S. dollar and euro in the spot market.
Nearly half of crypto copy traders are Gen Z, says Bitget report
Younger investors are more likely to take part in copy trading or social trading and take advice from social media influencers, according to the crypto exchange.
Reddit Returns With New NFTs and Crypto Twitter Leaves Threads on Read
Reddit launched Gen 4 of its NFT Collectible Avatars while Amazon expanded its blockchain tools. Also, crypto influencers shared thoughts on Threads and indicated that they aren’t ready to leave Twitter just yet.