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Bitcoin Struggles Amid Market Volatility: Will Jobs Report Bring Relief?
TL;DR
- $BTC has dropped nearly 4.4% in the last 24 hours, while the broader market has seen a 5.6% decline, with $ETH and $SOL facing even steeper losses.
- Analysts note a recurring trend where $BTC performs better during Asian trading hours compared to U.S. hours, raising questions about market sentiment.
In recent days, $BTC has continued its downward trend, recently slipping to $58,000. Currently priced at $58,200, it has experienced a decline of nearly 4.4% over the past 24 hours, which, while disappointing, is somewhat better than the broader marketâs 5.6% drop. Other cryptocurrencies like $ETH, $LINK, and $ADA have faced even steeper declines, making August a particularly challenging month for many in the crypto space.
Over the course of August, $BTC has fallen more than 12%, reversing the gains made in July. $ETH has fared worse, down 25% for the month, while $SOL has also struggled with a 25% drop, although it still boasts a 31% rise for the year. This volatility has left investors feeling uneasy, as market dynamics shift.
Looking ahead, the upcoming U.S. Labor Day holiday could bring excitement to the market. The Nonfarm Payrolls Report for August, set to be released on September 6, could significantly impact market dynamics. With expectations for a modest rate cut from the Federal Reserve, the potential for increased volatility remains, offering a glimmer of hope for $BTC bulls in an otherwise challenging landscape.
What do you think will be the next major catalyst for $BTC's price recovery?
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TL;DR
- $BTC has dropped nearly 4.4% in the last 24 hours, while the broader market has seen a 5.6% decline, with $ETH and $SOL facing even steeper losses.
- Analysts note a recurring trend where $BTC performs better during Asian trading hours compared to U.S. hours, raising questions about market sentiment.
In recent days, $BTC has continued its downward trend, recently slipping to $58,000. Currently priced at $58,200, it has experienced a decline of nearly 4.4% over the past 24 hours, which, while disappointing, is somewhat better than the broader marketâs 5.6% drop. Other cryptocurrencies like $ETH, $LINK, and $ADA have faced even steeper declines, making August a particularly challenging month for many in the crypto space.
Over the course of August, $BTC has fallen more than 12%, reversing the gains made in July. $ETH has fared worse, down 25% for the month, while $SOL has also struggled with a 25% drop, although it still boasts a 31% rise for the year. This volatility has left investors feeling uneasy, as market dynamics shift.
Looking ahead, the upcoming U.S. Labor Day holiday could bring excitement to the market. The Nonfarm Payrolls Report for August, set to be released on September 6, could significantly impact market dynamics. With expectations for a modest rate cut from the Federal Reserve, the potential for increased volatility remains, offering a glimmer of hope for $BTC bulls in an otherwise challenging landscape.
What do you think will be the next major catalyst for $BTC's price recovery?
---
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#DOGSONBINANCE #BNBChainMemecoins #telegramceorelease #CryptoMarketMoves #TON
Gods Unchained Unveils New Game Formats and DPE System Enhancements
TL;DR
- Gods Unchained has launched two new time-limited game formats that challenge players with specific deck-building restrictions.
- The Daily Play Earnings (DPE) system has been revamped to reward dedicated players while addressing bot interference.
Gods Unchained has recently introduced two exciting time-limited game formats aimed at enhancing player engagement through strategic deck-building. The first format, Flashback: Divine Order, ran from August 20 to August 22, allowing players to use a select range of cards from various sets. Players faced specific rules, including a minimum seed rank of 7 to participate, while the DPE modifier was set at 1.5.
Following this, a second format was launched on August 26, encouraging players to submit their decks on Discord for a chance to be featured on the Formatâs Wall of Fame. This initiative not only fosters community interaction but also adds a competitive edge to the gameplay.
In addition to the new formats, the Daily Play Earnings (DPE) system has undergone significant changes. The DPE modifier now better reflects a player's rank and deck quality, with Mythic cards seeing their value double. These updates aim to reward dedicated players and minimize the influence of bots, ensuring that active participants are recognized for their efforts.
What are your thoughts on the new game formats? Do you think they will enhance your gameplay experience?
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TL;DR
- Gods Unchained has launched two new time-limited game formats that challenge players with specific deck-building restrictions.
- The Daily Play Earnings (DPE) system has been revamped to reward dedicated players while addressing bot interference.
Gods Unchained has recently introduced two exciting time-limited game formats aimed at enhancing player engagement through strategic deck-building. The first format, Flashback: Divine Order, ran from August 20 to August 22, allowing players to use a select range of cards from various sets. Players faced specific rules, including a minimum seed rank of 7 to participate, while the DPE modifier was set at 1.5.
Following this, a second format was launched on August 26, encouraging players to submit their decks on Discord for a chance to be featured on the Formatâs Wall of Fame. This initiative not only fosters community interaction but also adds a competitive edge to the gameplay.
In addition to the new formats, the Daily Play Earnings (DPE) system has undergone significant changes. The DPE modifier now better reflects a player's rank and deck quality, with Mythic cards seeing their value double. These updates aim to reward dedicated players and minimize the influence of bots, ensuring that active participants are recognized for their efforts.
What are your thoughts on the new game formats? Do you think they will enhance your gameplay experience?
---
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#DOGSONBINANCE #BNBChainMemecoins #telegramceorelease #CryptoMarketMoves #TON
SEC Commissioner Mark Uyeda Calls for New S-1 Form for Digital Assets
TL;DR
- SEC Commissioner Mark Uyeda calls for a specialized S-1 form for digital assets to address their unique characteristics and improve the registration process.
- His proposal aims to foster collaboration between the SEC and crypto firms, streamlining compliance as regulatory frameworks evolve.
SEC Commissioner Mark Uyeda has advocated for the development of a tailored S-1 form specifically designed for digital assets. He argues that the current form fails to accommodate the unique aspects of digital securities and unconventional financial products. Speaking at the Korea Blockchain Week in Seoul, Uyeda emphasized the necessity for regulatory frameworks to adapt to the rapidly changing landscape of digital finance.
Uyeda's stance contrasts with SEC Chair Gary Gensler's more critical view of the cryptocurrency sector. He believes the SEC should work collaboratively with crypto companies to identify essential changes to the existing registration process. By engaging with industry stakeholders, the SEC could revise or eliminate outdated elements of the S-1 form, leading to a more effective registration process that reflects the realities of digital asset offerings.
As discussions around digital assets progress, Uyeda's proposal for a revised S-1 form could simplify compliance for crypto firms. The SEC's readiness to adjust its regulatory tools may significantly influence how digital asset companies navigate the complexities of registration and compliance in the future.
What changes do you think are necessary for the SEC to better support the crypto industry?
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#DOGSONBINANCE #BNBChainMemecoins #telegramceorelease #CryptoMarketMoves #TON
TL;DR
- SEC Commissioner Mark Uyeda calls for a specialized S-1 form for digital assets to address their unique characteristics and improve the registration process.
- His proposal aims to foster collaboration between the SEC and crypto firms, streamlining compliance as regulatory frameworks evolve.
SEC Commissioner Mark Uyeda has advocated for the development of a tailored S-1 form specifically designed for digital assets. He argues that the current form fails to accommodate the unique aspects of digital securities and unconventional financial products. Speaking at the Korea Blockchain Week in Seoul, Uyeda emphasized the necessity for regulatory frameworks to adapt to the rapidly changing landscape of digital finance.
Uyeda's stance contrasts with SEC Chair Gary Gensler's more critical view of the cryptocurrency sector. He believes the SEC should work collaboratively with crypto companies to identify essential changes to the existing registration process. By engaging with industry stakeholders, the SEC could revise or eliminate outdated elements of the S-1 form, leading to a more effective registration process that reflects the realities of digital asset offerings.
As discussions around digital assets progress, Uyeda's proposal for a revised S-1 form could simplify compliance for crypto firms. The SEC's readiness to adjust its regulatory tools may significantly influence how digital asset companies navigate the complexities of registration and compliance in the future.
What changes do you think are necessary for the SEC to better support the crypto industry?
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#DOGSONBINANCE #BNBChainMemecoins #telegramceorelease #CryptoMarketMoves #TON
Lara and Tiffany Trump's Accounts Hacked, Promoting Scam Crypto Project
TL;DR
- Lara Trump and Tiffany Trump's social media accounts were hacked, promoting a scam cryptocurrency project called World Liberty Financial.
- Eric Trump confirmed the hack and warned followers to ignore fraudulent messages, while World Liberty Financial advised users to avoid links from the compromised accounts.
On Tuesday evening, the social media accounts of Lara Trump and Tiffany Trump were hacked, leading to the promotion of a cryptocurrency project known as World Liberty Financial. This incident raised concerns, especially since the two family members had recently been associated with the project, which involves a governance token on the Solana blockchain. Eric Trump quickly confirmed the accounts were compromised and urged followers to disregard the fraudulent messages.
Lara Trump tweeted what she claimed were the "only official" blockchain addresses for World Liberty Financial, stating that their goal was to utilize their governance token on Solana, $WL, to support their DeFi lending protocol. However, the legitimacy of these tweets was soon questioned, and World Liberty Financial issued a warning advising users to avoid clicking any links or purchasing tokens from the hacked profiles.
The hacking incident underscores the vulnerabilities of social media and the potential for scams in the cryptocurrency space. As the situation develops, both the Trump family and World Liberty Financial are working to secure their accounts and prevent further fraudulent activities. Users are urged to remain vigilant and verify information before engaging with any cryptocurrency projects linked to the hacked accounts.
What steps do you think social media platforms should take to prevent such hacks in the future?
---
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#DOGSONBINANCE #BNBChainMemecoins #telegramceorelease #CryptoMarketMoves #TON
TL;DR
- Lara Trump and Tiffany Trump's social media accounts were hacked, promoting a scam cryptocurrency project called World Liberty Financial.
- Eric Trump confirmed the hack and warned followers to ignore fraudulent messages, while World Liberty Financial advised users to avoid links from the compromised accounts.
On Tuesday evening, the social media accounts of Lara Trump and Tiffany Trump were hacked, leading to the promotion of a cryptocurrency project known as World Liberty Financial. This incident raised concerns, especially since the two family members had recently been associated with the project, which involves a governance token on the Solana blockchain. Eric Trump quickly confirmed the accounts were compromised and urged followers to disregard the fraudulent messages.
Lara Trump tweeted what she claimed were the "only official" blockchain addresses for World Liberty Financial, stating that their goal was to utilize their governance token on Solana, $WL, to support their DeFi lending protocol. However, the legitimacy of these tweets was soon questioned, and World Liberty Financial issued a warning advising users to avoid clicking any links or purchasing tokens from the hacked profiles.
The hacking incident underscores the vulnerabilities of social media and the potential for scams in the cryptocurrency space. As the situation develops, both the Trump family and World Liberty Financial are working to secure their accounts and prevent further fraudulent activities. Users are urged to remain vigilant and verify information before engaging with any cryptocurrency projects linked to the hacked accounts.
What steps do you think social media platforms should take to prevent such hacks in the future?
---
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#DOGSONBINANCE #BNBChainMemecoins #telegramceorelease #CryptoMarketMoves #TON
Why Is Bitcoin Dropping?
Bitcoin ($BTC ) has experienced a significant decline, plummeting from $64,000 just two days ago to $58,000 today. Several factors are contributing to this sudden downturn:
1) Geopolitical Tensions: Russia-Ukraine Conflict
The ongoing Russia-Ukraine conflict, particularly after a recent drone attack on Russia, has heightened global tensions. During such situations, risk-on assets like Bitcoin are often sold off first as investors seek safer havens.
2) ETF Outflows
Bitcoin ETFs saw a net outflow of $127 million yesterday, marking the largest daily outflow since August 6. This significant withdrawal of funds is likely contributing to downward pressure on Bitcoinâs price.
3) Market Manipulation Concerns
While the S&P 500 and NASDAQ have shown positive movements, Bitcoin's sharp decline suggests possible market manipulation. Some market entities might be intentionally suppressing the $BTC price. However, this could also be an indication that smart money is accumulating Bitcoin in the $50,000 to $65,000 range.
Accumulation and Future Outlook
Despite the current dip, on-chain data shows that Bitcoin's exchange supply continues to hit new lows each week. This suggests that accumulation is ongoing, with a potential breakout likely after this accumulation phase, possibly by the end of September.
Bitcoin's current volatility may be unsettling, but the ongoing accumulation could signal a strong upward move in the near future.
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1) Geopolitical Tensions: Russia-Ukraine Conflict
The ongoing Russia-Ukraine conflict, particularly after a recent drone attack on Russia, has heightened global tensions. During such situations, risk-on assets like Bitcoin are often sold off first as investors seek safer havens.
2) ETF Outflows
Bitcoin ETFs saw a net outflow of $127 million yesterday, marking the largest daily outflow since August 6. This significant withdrawal of funds is likely contributing to downward pressure on Bitcoinâs price.
3) Market Manipulation Concerns
While the S&P 500 and NASDAQ have shown positive movements, Bitcoin's sharp decline suggests possible market manipulation. Some market entities might be intentionally suppressing the $BTC price. However, this could also be an indication that smart money is accumulating Bitcoin in the $50,000 to $65,000 range.
Accumulation and Future Outlook
Despite the current dip, on-chain data shows that Bitcoin's exchange supply continues to hit new lows each week. This suggests that accumulation is ongoing, with a potential breakout likely after this accumulation phase, possibly by the end of September.
Bitcoin's current volatility may be unsettling, but the ongoing accumulation could signal a strong upward move in the near future.
IF YOU EVER FOUND MY CONTENT HELPFUL & YOU LEARNED ANYTHING FROM ME, PLEASE SUPPORT WITH YOUR VOTING & TRY TO VOTE DAILY:
CLICK HERE TO VOTE NOW
Your likes and shares are greatly appreciated!
đŹ Share your thoughts in the comments!
#TON #CryptoMarketMoves #telegramceorelease #BecomeCreator #BinanceBlockchainWeek
Good NEWS FOR $TON Holders
âŒïžTELEGRAM CEO PAVEL DUROV HAS BEEN RELEASED
After #TON Pump đ„đđ€đ€
#PavelDurovFreeDom #telegramceorelease
#paveldurovrelesed #tonpump
âŒïžTELEGRAM CEO PAVEL DUROV HAS BEEN RELEASED
After #TON Pump đ„đđ€đ€
#PavelDurovFreeDom #telegramceorelease
#paveldurovrelesed #tonpump
Trump Gains Ground with Crypto Voters, Poll Shows Surprising Trends
TL;DR
- Half of cryptocurrency holders plan to vote for Trump, while only 38% support Vice President Kamala Harris, indicating a significant divide in political preferences.
- The crypto demographic skews younger and more diverse, presenting an opportunity for Republicans to engage these voters.
Former U.S. President Donald Trump is gaining traction among cryptocurrency holders ahead of the presidential election, according to a recent Fairleigh Dickinson University poll. Among respondents who identified as crypto holders, 50% plan to vote for Trump, while only 38% favor Harris. In contrast, among non-crypto owners, Harris leads by 12 points, highlighting the influence of $BTC and other cryptocurrencies on political preferences.
The poll, which surveyed over 800 registered voters, revealed that 15% reported owning or having owned cryptocurrencies or NFTs. Dan Cassino, the poll's executive director, emphasized the growing significance of the crypto community, stating that Trumpâs outreach appears to resonate with these voters. The demographic breakdown shows that crypto owners are often younger and more racially diverse, with higher ownership rates among Black (17%) and Hispanic (22%) voters compared to White voters (13%).
Additionally, the crypto industry is making waves in political contributions this election cycle, with nearly half of all PAC contributions coming from crypto companies like Coinbase and Ripple. This trend suggests that support for cryptocurrencies could be a pivotal issue for Republicans looking to attract younger voters and people of color.
What do you think about the growing influence of cryptocurrency on political preferences?
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#TON
TL;DR
- Half of cryptocurrency holders plan to vote for Trump, while only 38% support Vice President Kamala Harris, indicating a significant divide in political preferences.
- The crypto demographic skews younger and more diverse, presenting an opportunity for Republicans to engage these voters.
Former U.S. President Donald Trump is gaining traction among cryptocurrency holders ahead of the presidential election, according to a recent Fairleigh Dickinson University poll. Among respondents who identified as crypto holders, 50% plan to vote for Trump, while only 38% favor Harris. In contrast, among non-crypto owners, Harris leads by 12 points, highlighting the influence of $BTC and other cryptocurrencies on political preferences.
The poll, which surveyed over 800 registered voters, revealed that 15% reported owning or having owned cryptocurrencies or NFTs. Dan Cassino, the poll's executive director, emphasized the growing significance of the crypto community, stating that Trumpâs outreach appears to resonate with these voters. The demographic breakdown shows that crypto owners are often younger and more racially diverse, with higher ownership rates among Black (17%) and Hispanic (22%) voters compared to White voters (13%).
Additionally, the crypto industry is making waves in political contributions this election cycle, with nearly half of all PAC contributions coming from crypto companies like Coinbase and Ripple. This trend suggests that support for cryptocurrencies could be a pivotal issue for Republicans looking to attract younger voters and people of color.
What do you think about the growing influence of cryptocurrency on political preferences?
--- Follow for the latest news! đ
#DOGSONBINANCE #BNBChainMemecoins #telegramceorelease
#TON
Bank of Japan's Kazuo Ueda Signals Possible Rate Hikes Amid Market Shifts
TL;DR
- The Bank of Japan is poised to raise interest rates further if economic conditions allow, despite current negative inflation-adjusted rates.
- The yen's strength against the dollar is causing fluctuations in risk assets, including $BTC and stock futures, as traders unwind yen carry trades.
Kazuo Ueda, the Governor of the Bank of Japan, has indicated that the central bank may increase interest rates if economic and inflation conditions align with expectations. This comes as Japan's economy faces challenges, with inflation-adjusted interest rates still negative, impacting the yen and various risk assets.
In a recent statement, Ueda noted that the economic environment remains accommodative, following a significant increase in the benchmark borrowing cost. The yen's strength has been evident, with the USD/JPY pair dropping from 147 to 145.85, affecting global markets, including a 0.5% decline in S&P 500 futures and a 0.4% drop in $BTC, which settled at $58,920.
The divergence in monetary policy between the Bank of Japan and the U.S. Federal Reserve complicates the landscape for risk assets. As the Fed is expected to cut rates, the yen's strength may persist, leading traders to liquidate riskier investments and repay yen-denominated loans. This unwinding has already caused significant market fluctuations, contributing to $BTC's decline from $70,000 to $50,000 last month.
What are your thoughts on the potential impact of rising interest rates on risk assets like $BTC?
---
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#DOGSONBINANCE #BNBChainMemecoins #telegramceorelease #CryptoMarketMoves #TON
TL;DR
- The Bank of Japan is poised to raise interest rates further if economic conditions allow, despite current negative inflation-adjusted rates.
- The yen's strength against the dollar is causing fluctuations in risk assets, including $BTC and stock futures, as traders unwind yen carry trades.
Kazuo Ueda, the Governor of the Bank of Japan, has indicated that the central bank may increase interest rates if economic and inflation conditions align with expectations. This comes as Japan's economy faces challenges, with inflation-adjusted interest rates still negative, impacting the yen and various risk assets.
In a recent statement, Ueda noted that the economic environment remains accommodative, following a significant increase in the benchmark borrowing cost. The yen's strength has been evident, with the USD/JPY pair dropping from 147 to 145.85, affecting global markets, including a 0.5% decline in S&P 500 futures and a 0.4% drop in $BTC, which settled at $58,920.
The divergence in monetary policy between the Bank of Japan and the U.S. Federal Reserve complicates the landscape for risk assets. As the Fed is expected to cut rates, the yen's strength may persist, leading traders to liquidate riskier investments and repay yen-denominated loans. This unwinding has already caused significant market fluctuations, contributing to $BTC's decline from $70,000 to $50,000 last month.
What are your thoughts on the potential impact of rising interest rates on risk assets like $BTC?
---
Follow for the latest news! đ
#DOGSONBINANCE #BNBChainMemecoins #telegramceorelease #CryptoMarketMoves #TON
Qatar Launches New Crypto Regulations, Shifting from Ban to Opportunity
TL;DR
- Qatar has shifted from a cryptocurrency ban to establishing a regulatory framework, enabling companies to become licensed token service providers.
- The new Digital Asset Regulations 2024 aim to enhance Qatar's financial services sector and foster innovation in digital assets.
Qatar has made a significant pivot in its stance on cryptocurrencies, moving from a ban in 2018 to introducing a regulatory framework this month. The new Digital Asset Regulations 2024 will allow companies to obtain licenses as token service providers, creating a legal environment for digital assets such as $BTC and $ETH.
The Qatar Financial Centre (QFC) has spearheaded these regulations, which cover essential aspects of digital asset management, including tokenization and smart contracts. This initiative is expected to attract both local and international players, enhancing Qatarâs competitiveness in the financial services sector.
Experts suggest that Qatar's approach is more advanced than that of other Middle Eastern countries, aligning it with the UAEâs Digital Assets Framework. This regulatory clarity is anticipated to foster innovation in the digital asset space and improve Qatar's financial landscape.
What are your thoughts on Qatar's new regulations for digital assets?
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#DOGSONBINANCE #BNBChainMemecoins #telegramceorelease #CryptoMarketMoves #TON
TL;DR
- Qatar has shifted from a cryptocurrency ban to establishing a regulatory framework, enabling companies to become licensed token service providers.
- The new Digital Asset Regulations 2024 aim to enhance Qatar's financial services sector and foster innovation in digital assets.
Qatar has made a significant pivot in its stance on cryptocurrencies, moving from a ban in 2018 to introducing a regulatory framework this month. The new Digital Asset Regulations 2024 will allow companies to obtain licenses as token service providers, creating a legal environment for digital assets such as $BTC and $ETH.
The Qatar Financial Centre (QFC) has spearheaded these regulations, which cover essential aspects of digital asset management, including tokenization and smart contracts. This initiative is expected to attract both local and international players, enhancing Qatarâs competitiveness in the financial services sector.
Experts suggest that Qatar's approach is more advanced than that of other Middle Eastern countries, aligning it with the UAEâs Digital Assets Framework. This regulatory clarity is anticipated to foster innovation in the digital asset space and improve Qatar's financial landscape.
What are your thoughts on Qatar's new regulations for digital assets?
--- Follow for the latest news! đ
#DOGSONBINANCE #BNBChainMemecoins #telegramceorelease #CryptoMarketMoves #TON
Bitcoin ETFs Face Record $287.8M Outflow Amid Market Turmoil
TL;DR
- U.S.-listed bitcoin ETFs saw $287.8 million in outflows, the largest since May, driven by weak manufacturing data and tech stock sell-offs.
- Bitcoin's price fell over 2.7% to $57,500 amid concerns of an economic slowdown, reversing previous gains.
The recent trading day was particularly challenging for U.S.-listed spot bitcoin exchange-traded funds (ETFs), which faced significant outflows. On Tuesday, a total of $287.8 million was withdrawn, marking the largest single-day outflow since May. This downturn was influenced by weak U.S. manufacturing data and a broader sell-off in tech stocks, particularly Nvidia, which dampened investor sentiment across the market.
Fidelity's $FBTC led the outflows with $162.3 million, while Grayscale's $GBTC followed with $50.4 million. Other funds like $BITB and $ARK saw losses of $25 million and $33.6 million, respectively. Despite these withdrawals, BlackRock's $IBIT reported no outflows for the second consecutive trading day.
As a result of these outflows, Bitcoin's price fell by over 2.7%, settling at $57,500 on Tuesday. This decline reversed the previous day's gains and was attributed to the U.S. ISM manufacturing PMI printing below 50, signaling a contraction in economic activity for August. Concerns about economic growth were reignited, particularly with Nvidia's stock plummeting by 9.54%, contributing to the overall market sell-off.
What strategies do you think investors should adopt in this volatile market?
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#DOGSONBINANCE #BNBChainMemecoins #telegramceorelease #CryptoMarketMoves #TON
TL;DR
- U.S.-listed bitcoin ETFs saw $287.8 million in outflows, the largest since May, driven by weak manufacturing data and tech stock sell-offs.
- Bitcoin's price fell over 2.7% to $57,500 amid concerns of an economic slowdown, reversing previous gains.
The recent trading day was particularly challenging for U.S.-listed spot bitcoin exchange-traded funds (ETFs), which faced significant outflows. On Tuesday, a total of $287.8 million was withdrawn, marking the largest single-day outflow since May. This downturn was influenced by weak U.S. manufacturing data and a broader sell-off in tech stocks, particularly Nvidia, which dampened investor sentiment across the market.
Fidelity's $FBTC led the outflows with $162.3 million, while Grayscale's $GBTC followed with $50.4 million. Other funds like $BITB and $ARK saw losses of $25 million and $33.6 million, respectively. Despite these withdrawals, BlackRock's $IBIT reported no outflows for the second consecutive trading day.
As a result of these outflows, Bitcoin's price fell by over 2.7%, settling at $57,500 on Tuesday. This decline reversed the previous day's gains and was attributed to the U.S. ISM manufacturing PMI printing below 50, signaling a contraction in economic activity for August. Concerns about economic growth were reignited, particularly with Nvidia's stock plummeting by 9.54%, contributing to the overall market sell-off.
What strategies do you think investors should adopt in this volatile market?
--- Follow for the latest news! đ
#DOGSONBINANCE #BNBChainMemecoins #telegramceorelease #CryptoMarketMoves #TON
Ripple Expands XRP Ledger with Ethereum-Compatible Smart Contracts
TL;DR
- Ripple is enhancing the XRP Ledger by integrating $ETH-compatible smart contracts through a new sidechain, broadening its capabilities.
- The XRPL EVM sidechain will utilize Axelar's bridging service for cross-chain token transfers, promoting interoperability and developer engagement.
Ripple is set to significantly upgrade the XRP Ledger by integrating $ETH-compatible smart contracts via a new sidechain. This development aims to expand the ledger's functionalities, enabling the creation of more complex applications such as decentralized exchanges and token issuance. By leveraging the Axelar network, Ripple will facilitate cross-chain token transfers, with Wrapped XRP (eXRP) acting as the primary token on this sidechain.
The introduction of the XRPL EVM sidechain will bring Ethereum Virtual Machine (EVM) compatibility to the XRP Ledger, allowing developers to utilize familiar tools and programming languages. This strategic move is expected to attract a global developer community, enhancing the overall appeal of the XRP Ledger. Ripple's efforts to integrate these features began in 2022, and progress is already underway.
The XRP Ledger is an open-source blockchain network that uses $XRP tokens for processing transactions. With the new sidechain, users will be able to transfer tokens between the XRP Ledger and 55 other blockchains, promoting greater interoperability within the blockchain ecosystem. As the crypto landscape evolves, this upgrade marks a pivotal moment for the XRP community.
What are your thoughts on the potential impact of $XRP's new sidechain on the broader crypto market?
---
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#DOGSONBINANCE #BNBChainMemecoins #telegramceorelease #CryptoMarketMoves #TON
TL;DR
- Ripple is enhancing the XRP Ledger by integrating $ETH-compatible smart contracts through a new sidechain, broadening its capabilities.
- The XRPL EVM sidechain will utilize Axelar's bridging service for cross-chain token transfers, promoting interoperability and developer engagement.
Ripple is set to significantly upgrade the XRP Ledger by integrating $ETH-compatible smart contracts via a new sidechain. This development aims to expand the ledger's functionalities, enabling the creation of more complex applications such as decentralized exchanges and token issuance. By leveraging the Axelar network, Ripple will facilitate cross-chain token transfers, with Wrapped XRP (eXRP) acting as the primary token on this sidechain.
The introduction of the XRPL EVM sidechain will bring Ethereum Virtual Machine (EVM) compatibility to the XRP Ledger, allowing developers to utilize familiar tools and programming languages. This strategic move is expected to attract a global developer community, enhancing the overall appeal of the XRP Ledger. Ripple's efforts to integrate these features began in 2022, and progress is already underway.
The XRP Ledger is an open-source blockchain network that uses $XRP tokens for processing transactions. With the new sidechain, users will be able to transfer tokens between the XRP Ledger and 55 other blockchains, promoting greater interoperability within the blockchain ecosystem. As the crypto landscape evolves, this upgrade marks a pivotal moment for the XRP community.
What are your thoughts on the potential impact of $XRP's new sidechain on the broader crypto market?
---
Follow for the latest news! đ
#DOGSONBINANCE #BNBChainMemecoins #telegramceorelease #CryptoMarketMoves #TON
