🆕24h Crypto Market Overview: ⏰Friday, November 15, 2024
♨️Overview: Bitcoin corrected to the 87K zone after hitting ATH at 93K. 18 US states filed a lawsuit against the SEC after it was reported that the agency's CEO was considering resigning.
On the macro front, Fed Chairman Powell spoke directly to business leaders in the Dallas area, US. The main highlight was that he said the FED did not need to "rush" to cut interest rates, perhaps this information caused the entire market to adjust strongly.
🎯Weekly Highlights: ▪️US releases CPI and Core PCI: - CPI: This time 2.6 I Expected 2.6 I Last time 2.5 - Core CPI: This time 3.3 I Expected 3.3 I Last time 3.3 ▪️Friday: FED Chairman speaks, UK releases GDP, US releases retail sales.
🆕Hot News: - Portal Ventures raises $75M to invest in crypto startups👉TheBlock - World Liberty Financial (WLFI), a DeFi project backed by Donald Trump and his family, announces adoption of Chainlink's oracle service👉Decrypt - Usual selected by Binance as the 61st Binance Launchpool project👉Binance - BlackRock launches BUIDL on Aptos, Arbitrum, Avalanche, Optimism's OP Mainnet, and Polygon 👉Prnewswire #USUALonLaunchpool&Pre-Market
🆕Overview of the crypto market in 24h: Crypto welcomes new US President - Donald Trump ⏰Thursday, November 07, 2024
♨️Overview: Bitcoin experiences a surge in trading following the US presidential election results, with the victory leaning towards the crypto-friendly candidate Donald Trump. He will begin his second term upon returning to the White House in January 2025. The market is optimistic as Bitcoin sets an ATH at 75K. The DOM remains high, so even though BTC has an ATH, many accounts are still in the red as they mostly hold Altcoins. Bitcoin ETF funds also saw strong buying after three consecutive days of outflows, particularly ETH with the largest positive cash flow since its inception.
The US presidential election has been decided, and this week we still have a major event as the FED announces the last FOMC of the year. Nearly 98% predict that the FED will reduce interest rates by 0.25%.
🎯Weekly Highlights: ▪️Thursday: FED's interest rate decision ▪️Donald Trump becomes the 47th President of the United States. ▪️Tether mints an additional $2B on the ETH network, burns 1B USDT. ❇️Top Gainers/Losers: 🟢$NEIRO 53% 🔴$RARE 4% 🟢$LDO 38% 🔴$PAXG 3% 🟢$ENA 36% 🔴$OAX 1%
🆕Hot News: - Cartwright advises UK pension funds to allocate 3% of assets to Bitcoin (~$59M)👉Cartwright - Binance lists two projects simultaneously: Cow Protocol (COW) on ETH and Cetus Protocol (CETUS) on SUI👉Binance - After Andre Cronje, Jusstin, and Loi Luu, others have also come forward to defend Binance regarding listing fees👉J. Sun - 10 promises made by Donald Trump related to crypto👉WuBlockchain ==========================
🆕24h Crypto Market Overview ⏰Monday, November 04, 2024
♨️Overview: Bitcoin started the new month with a correction from the 73K5 zone (the zone approaching the ATH 100 price) to the 68K zone in the weekend trading session. There is no FUD in the market, but this price decline may come from the survey results on the Polymarket betting market, which suddenly increased the chance of victory for Ms. Harris. Mr. Trump, who was leading at times up to 35%, fell sharply yesterday morning, causing the Bitcoin community to worry because Trump is representing a crypto-friendly position compared to his opponent who has not yet had a clear stance on crypto.
On a macro level, this week we will have 2 big news: the US presidential election and the FOMC meeting. Before, during and after the US election and the FOMC announcement, the market is expected to have many fluctuations, traders should pay attention
🆕Hot News: - MicroStrategy Announces Plan to Raise $42B Over Next 3 Years to Buy Bitcoin👉MicroStrategy - UBS Partners with BlackRock and Franklin Templeton to Launch Asset Tokenization Fund👉dlnews - Ellipsis Labs Raises $20M from Haun Ventures👉CoinDesk - US Government Seeks to Return $13M in Political Donations from Former FTX Executives👉TheBlock - Andre Cronje Hits Back at Coinbase CEO's Call to Demand Listing Fees 👉Andre Cronje
🆕Crypto Market Overview 24h - Welcome November ⏰Friday, November 01, 2024
♨️Overview: Bitcoin sharply corrected as it entered the last trading session of the month with a decrease of ~3% along with an increase in DOM, causing the entire Altcoin market to dump significantly. However, Bitcoin closed the monthly candle with an increase of ~16%. Yesterday also marked the return of Mr. CZ since completing his sentence. In summary, CZ did not mention much about crypto but continued to emphasize the long-term growth of crypto. CZ is no longer the direct operator of Binance, but he still plays a significant role at Binance as a shareholder and has the right to view Binance's reports.
Regarding macroeconomics, this week we had data on GDP, PCE, but the focus will be today with Non-farm data and the unemployment rate.
🎯Weekly Highlights: ▪️Update Core PCE: Current 2.7 | Expectation 2.6 | Previous 2.7 ▪️Friday: Non-farm and Unemployment Rate. ▪️Russia announces new crypto law expanding state control over digital assets. ▪️Tether's Q3 profit reached $2.5B, reserves exceeded circulating market capitalization.
🆕Hot News: - MicroStrategy announces plans to raise an additional $42B over the next 3 years to buy Bitcoin👉MicroStrategy - The U.S. Blockchain Association stated that the SEC has caused the crypto industry a loss of $400M since Gensler became chairman👉TheBlock - Ellipsis Labs raised $20M from Haun Ventures👉CoinDesk - Donald Trump congratulates the 16th anniversary of Bitcoin's inception👉DonaldTrump
🆕24h Crypto Market Overview ⏰Friday, October 11, 2024
♨️Overview: Bitcoin had a trading session that adjusted down to the 59K area before recovering to the 60k area as this morning. This also reflects the continuous outflow of money from US Bitcoin ETF funds. The market has witnessed outflows for the third consecutive day. Negative information from CPI (not as expected despite the decrease), but core CPI and the number of unemployment claims increased abnormally, making the market think of an economic recession.
CZ's return to work is also the focus of the current market. CZ to Attend Blockchain Week in Dubai as a Private Person
🎯Weekly Highlights: ◾️Thursday: US releases CPI and Core CPI for September ◾️Court allows FTX to refund $16B stablecoin to victims. ▪️SEC sues Cumberland DRW LLC for selling unregistered securities.
🆕Hot News: - Ripple launches crypto custody service for US businesses👉CNBC - VanEck has formed a venture capital (VC) unit, planning to raise $30M👉Binance - Stripe restores crypto payments for US businesses via USDC on Ethereum, Solana and Polygon👉TheBlock - Binance Labs-backed LRT protocol opens airdrop claim to community with 7.5% allocation of 1B token supply from 10/14👉Puffer ========================== $BNB $ETH #BinanceLaunchpoolSCR #USCoreCPIUp
🆕24h Crypto Market Overview ⏰Thursday, October 10, 2024
♨️Overview: Bitcoin had a trading session that adjusted down to the 60K area after HBO announced the identity of Satoshi Nakamoto in a very subjective manner and without solid evidence. The individual who was announced also considered suing HBO for false information. The Altcoin market also had a fiery trading session before the CPI and core CPI news were announced tonight.
🆕Hot News: - Bitfinex may be the only entity eligible for compensation related to the 2016 120K BTC hack.👉Crytoslate - VanEck has formed a venture capital (VC) unit, planning to raise $30M👉Binance - Crypto .com sues SEC after receiving Wells notice👉Crytocom - Bitlayer raises $9M led by Polychain Capital, taking valuation to $300M👉TheBlock ================================================================
🆕24h Crypto Market Overview ⏰Friday, October 04, 2024
♨️Overview: Bitcoin has been mostly flat over the past 24 hours but the DOM increase has left Altcoins in the red. Bitcoin ETFs have been selling off in the early days of October. Notably, diamond hands like BlackRock also started selling, although the amount was quite small compared to buying, pushing the market sentiment into a state of fear when the F&G Index hit 37.
On a macro level, this week the market will wait for information from Non-farm and unemployment rate on Friday.
🆕Hot News: - LRT project backed by Binance Labs announces snapshot on 05/12/2024👉Puffer - New whales are accumulating Bitcoin furiously, never seen such a large accumulation👉Ki Young Ju - Binance removes surveillance tags on SEI, PENDLE. Labels for BLZ, CLV, KEY, PROS & VITE👉Binance - Binance Labs invests in Sophon, an ecosystem for gaming, social media, AI, prediction markets, and more👉BinanceLabs - Grayscale launches AAVE trust fund👉CoinDesk ==========================
🆕24h Crypto Market Overview ⏰Thursday, September 19, 2024
♨️Overview: With both the job and inflation picture easing, the FED decided to cut interest rates by 0.5%.
This was in line with expectations, but the market reacted very mixedly before, during and after the news. In the long run, it can be seen that inflation is cooling down. This is the first interest rate cut since the early days of the Covid pandemic. Hopefully, the economy will recover soon so that the market can go up. BTC ETF funds also had a strong buying session with positive inflows of more than $186M, the 4th consecutive positive day.
This season, BTC has reached ATH, but many Altcoins are still diligently searching for the bottom. How are your Altcoin accounts?
🆕Hot News: - Top crypto VC Dragonfly is trying to raise another $500M fund👉Bloomberg - Swiss stock exchange wants to set up a crypto exchange👉FT - Binance Labs invests in Hemi Labs, an L2 blockchain integrating Bitcoin and Ethereum for enhanced security and programmability.👉Binance Labs - Fintech giant Revolut plans to launch stablecoin👉CoinDesk
🆕24h Crypto Market Overview ⏰Thursday, September 12, 2024
♨️Overview: The market is little changed after the US announced the important CPI inflation index. The current chaotic sentiment is difficult to grasp. With the current situation, the market is hesitant with a 0.25% or 0.5% decrease. If the FED reduces 0.25%, it may be lower than the market expected, if it reduces 0.5%, the market is worried about a financial recession. We have a week left to know the FED's final decision. Last night's Core CPI did not increase or decrease, which is the basis for believing that the FED will only reduce interest rates by 0.25%.
🎯Weekly Highlights: ◾️CPI: 2.5% I Expected 2.6% I Previous Period 2.9% ◾️CoreCPI: 3.2% I Expected 3.2% I Previous Period 3.2% ▪️Thursday: EU announces interest rates and meetings, US announces first unemployment insurance claims.
- Stablecoin payments in Singapore hit a record high of nearly $1B in Q2👉Bloomberg - Taproot founder introduces CATNIP, a BTC-native token that is said to be an upgrade over Rune👉UDI - BNB Chain will soon launch restaking for BNB👉BNB Chain #BNBChainMemecoins
🆕24h Crypto Market Overview ⏰Wednesday, September 04, 2024
♨️Overview: Digital asset investment products saw outflows totaling $305 million last week, with negative sentiment clearly spreading across multiple providers and regions. The negative sentiment was focused on Bitcoin, which saw outflows of $319M. In general, the market this season has only been played by BTC while Altcoins have died. The focus this week will be on Friday, the day of the Non-farm payroll and unemployment data release. The market is currently quite sensitive to news, especially as we are at the brink of a bear market. The month typically sees a decline in most asset classes
🆕Hot News: - BNB Chain wraps up 4 years of operation👉BNB Chain - SEC warns FTX against refunding creditors in stablecoins or crypto👉TheBlock - Robot Ventures, an early-stage investor in crypto startups like EigenLayer, Lido Finance, and Flashbots, raises $75M for its latest venture fund👉Bloomberg - Hackers start laundering funds stolen from Indian exchange WRX Degree👉Bloomberg =============
🆕24h Crypto Market Overview ⏰Friday, August 30, 2024
♨️Overview: Bitcoin unexpectedly corrected, erasing some of its gains from the beginning of the trading session after the US's Q3 GDP was better than expected at 3%, showing that the US economy is still strong. The market is expected to have a volatile trading session tonight when the US will announce quite a few inflation-related indicators, but the focus will be on the PCE and CorePCE indexes, the FED's favorite inflation gauge.
🆕Hot News: - BNB Chain announces MVB launch season 8, open for registration until 09/18/2024👉BNB Chain Vietnam - Elon Musk wins legal victory in class action lawsuit related to Dogecoin price manipulation👉Yahoo - Edge Matrix Chain, a multichain infrastructure platform raises $20M led by Polygon Ventures, Amber Group👉TheBlock - Max paint on Deribit for BTC is 61K ($3.54B), with ETH at $1.43B when ETH hits 2k8 at 3pm today👉Deribit ================================================================
🆕24h Crypto Market Overview ⏰Friday, August 23, 2024
♨️Overview: Bitcoin slightly adjusted along with the DOM decrease, so Altcoin did not dump strongly, some coins still pumped, especially the BSC system when there was news that CZ left the current prison and was transferred to a new detention address. This is the clearest sign of the early return of CZ, the leading powerful figure in the crypto world.
The market will focus on the important speech of FED Chairman Powell at 9:00 p.m. tonight. Where he will give a market-oriented speech at the Jackson conference, which attracts many of the world's leading economic policymakers.
🆕Hot News: - Singapore's DBS Bank has come up with a blockchain solution to streamline the disbursement of government grants. 👉CoinTelegraph - Coinbase to Enable 1:1 EUR-EURC Conversions on August 28👉TheBlock - Binance Plans to Hire Up to 1,000 Employees After Spending $200M on Legal Fees👉Bloomberg
🆕24h Crypto Market Overview ⏰Wednesday, August 21, 2024
♨️Overview: Bitcoin had a sideways trading session, DOM decreased slightly but most Altcoins remained in place. The entire market was almost unchanged as Wall Street waited for the Fed's minutes. Yesterday, the market witnessed a positive cash flow of $62M from BTC ETF funds. ETH still witnessed negative cash flow as Grayscale continued to be the strongest seller despite the selling pressure decreasing. More generally, Graycale has sold nearly $2.5B since ETH ETF was allowed to trade.
Recent macroeconomic data shows that the FED is unlikely to cut interest rates by 50 basis points in September. According to CME, the rate of the FED cutting interest rates by 0.25% is 75%.
▪️Wednesday: Release of the minutes of the July FED FOMC meeting. ▪️Thursday: Initial jobless claims data ▪️Friday: Fed Chairman Jerome Powell's speech at the Jackson Hole conference ▪️Italy's 2nd oldest and largest bank Banca opens crypto trading service to 1.3M customers.
🆕Hot News: - Tether mints another $2B in less than 1 day👉WhaleAlert - Binance introduces Dogs (DOGS) as its 57th Binance Launchpool project👉Binance - YeagerAI raises $7.5M led by North Island Ventures👉TheBlock - Paradigm leads $7.5M seed round for Sorella Labs to solve Ethereum's MEV problem👉ThebLock
🆕24h Crypto Market Overview ⏰Friday, August 09, 2024
♨️Overview: The market is much brighter after the news that the Russian President passed a bill legalizing crypto mining for individuals and businesses registered in Russia. The information caused Bitcoin to recover more than 6000 prices and is currently trading around 61k9, pulling the entire market to recover very impressively. SOL once again surpassed BNB to the top 4 MC position, this is also the most impressive race in the top coin group since the beginning of the year.
🎯Weekly Highlights: ▪️BlackRock files for ETF options. ▪️Circle mints another $250M. ▪️Ripple vs SEC update: Court orders Ripple fined over $125M.
❇️Top Gainers/Losers: 🟢$SUI 37% 🔴
🟢$HNT 24% 🔴 🟢$TIA 23% 🔴
🆕Hot News: - Franklin Templeton launches on-chain market fund on Arbitrum👉TheBlock - Animoca Brands partners with Lamborghini to bring unique experiences to Lamborghini fans and customers👉Animoca Brand -FTX and Alameda agree to pay up to $12.7B in fines with $8.7B to customers👉Cointelegraph - BTC hashrate drops to record low as deep correction leaves many miners losing money👉Theminermag - Russian President Vladimir Putin signs a bill officially legalizing legalize crypto mining👉TASS
🆕24h Crypto Market Overview ⏰Thursday, August 08, 2024
♨️Overview: Bitcoin and Altcoins, after an explosive trading session, have slightly corrected and sideways at the 56K range in the context of not having much major news this week. It is worth noting in the recent dump that US ETFs have not broken the ETF product framework. Grayscale is still selling hard and BlackRock, Fidelity and even Grayscale's Mini ETF are actively buying.
Ripple's landmark legal victory against the SEC has raised many hopes for the Ripple industry, which has struggled to fend off SEC attacks. The end of the lawsuit that has lasted for many years has pushed XRP's price to the brightest today.
🎯Weekly Highlights: ▪️Non-farm: This period 114K I Expect 176K I Last period 179K ▪️Unemployment rate: This period 4.3% I Expect 4.1% I Last period 4.1% ▪️BlackRock files for ETF options. ▪️Michael Sailor says he personally holds over $1B in Bitcoin. ▪️Ripple vs SEC update: Court orders Ripple fine over $125M.
🆕Hot News: - Binance Labs invests in Solayer, a Solana restaking platform👉Binance Labs - FUD related to Token Plus wallet active after 3 years with over 789K ETH allegedly sold since 2021 on Huobi exchange👉EmberCN - Grayscale launches new crypto investment trust for SUI and TAO👉TheBlock ========================== #Write2Earns
🆕24h crypto market overview ⏰Monday, July 29, 2024
♨️Overview: The Bitcoin 2024 Conference officially ended with statements guiding the stable development of Bitcoin, most notably the appearance of former US President Donlad Trump. The market now really expects him to be elected in November this year.
BTC mostly moved sideways in response to the German government's ongoing sell-off and the distribution of Mt. Gox started. The weekend trading session was more impressive when it recovered to the 69K mark before adjusting slightly to the 67K area. DOM continues to be hot, combined with ETH selling pressure from Grayscale, causing Altcoin to continue to search for the bottom. The market focus this week will be on the FED's FOMC meeting and the Non-farm news taking place one day later.
🎯Week's focus: ▪️Thursday: 1:00 a.m., FED announces August interest rates and speaks afterward. ▪️Friday: 7:30 p.m., the US releases Non-farm data and unemployment rate.
🆕Hot News: - MakerDAO announces $1B RWAs development initiative👉MakerDAO - US Vice President Kamala Harris's election campaign seeks to re-establish relations with crypto companies👉FinanceTimes - WazirX exchange offers a solution after the controversial $230M hack. WazirX will unlock 55% and lock 45% (45% converted to USDT). It is worth mentioning that this amount of money was taken from the money of those who were not harmed👉WazirX - AAVE proposes to buy back tokens on the market from the profits of the protocol👉TheBlock
🆕24h crypto market overview ⏰Friday, July 26, 2024
♨️Overview: Bitcoin Conference 2024 officially takes place. This year, the conference brings together many big names in the industry, but most notably, former President, bright candidate to become the 47th President of the United States - Donald Trump attends. The market will look forward to statements supporting the crypto industry.
Bitcoin ETFs had positive cash flows at the end of yesterday's session, helping push BTC prices to recover to the 65K area after the initial correction. Bitcoin recovered, but along with increased DOM, Altcoin continued to have a red trading session, especially ETH continued to face extreme pressure from Grayscale after 3 days of the ETF going into trading. The total value of assets liquidated was up to $328M with 84% of Long orders liquidated.
🎯Week's focus: ➡️GDP: This period 2.8% I Expected 2% I Last period 1.4% ▪️Friday: US announces PCE and Core PCE. ▪️Bitcoin Conference 2024 will take place at 8:00 p.m. on July 25-27, 2024 with the participation of Donald Trump, Michael Saylor, Cameron, Tyler Winklevoss, Jack Dorsey, JD Vance...
🆕Hot News: - Russian lawmakers pass bill legalizing Bitcoin mining, crypto payments for international trade👉CryptoSlate - Alchemy Pay partners with Paysafe, expanding market presence in Europe👉Alchemy - UK fines Coinbase affiliate $4.5M for providing crypto trading services to high-risk customers👉Bloomberg
🔶The court allows Binance to invest in US Treasury Bills
Binance has just been allowed by a US court to invest a certain amount of customer fiat money currently stored at BitGo in US Treasury bills.
It can be said that this is a new step forward for Binance after the very satisfactory settlement worth $4.3B with US CP. After the fine agreement, the SEC and CFTC lawsuits targeting Binance are gradually being resolved. Last week the court recognized that BUSD is not a security and allowed Binance's Simple Earn product to operate.
Although it is the top 4 coin in terms of MC, Binance has always been like the playground of the whole world, but except for organizations in the US, this step can be seen that in the post-CZ era, Binance has become more compliant and friendlier with the US CP. much.
Waiting for the day when brother 4 comes out of camp to celebrate, guys, the market misses him very much.
🆕24h crypto market overview ⏰Friday, July 12, 2024
♨️Overview: The market continued to have another explosive trading session when the green color returned and the good CPI news made the market more excited. The S&P500 has a new peak, showing that the market is still directing capital flows to risky assets to earn better profits. Compared to Stock, crypto in general and Bitcoin in particular are still too small so the growth potential is still very good. According to JPMorgan, the crypto market is expected to recover in August, with liquidations expected to end by the end of July.
The market will look ahead to the Fed's September FOMC meeting in 3 weeks. According to CME, the rate of confidence that the FED will lower interest rates in September reached 77%.
🎯Week's focus: ▪️CPI Update: This period % I Expectation 3.1%I Previous period 3.3% ▪️Friday: PPI announcement ▪️Donald Trump posted on Truth that he is a Huge Fan of Bitcoin and will support Bitcoin in USD when he is elected.
🆕Hot News: - SEC officially cancels investigation of Paxos, the company issuing BUSD. Last week the court ruled that BUSD is not a security👉CoinDesk - Binance gradually removed support for TUSD👉Binance - FTX objects to Jump Trading👉TheBlock's claim for $264M in damages - Binance plans to reduce its stake in Gopax (Korea) from 72% to 10%👉Chosun
🆕24h crypto market overview ⏰Wednesday, July 03, 2024
♨️Overview:
Speaking at the meeting this morning, the FED Chairman continued to mention inflation. He said that the anti-inflation process is continuing to make progress, but the FED needs more solid data. Non-farm and unemployment rate this week will give us a closer picture of the FED's decision at the FOMC meeting in early September.
🎯Week's focus: ▪️EU CPI update: This period 2.5% I Expect 2.5% I Last period 2.6% ▪️Wednesday: ADP Non-farm; Number of first-time unemployment insurance claims; Service PMI ▪️Thursday: The Fed releases the minutes of the June FOMC meeting ▪️Friday: Non-farm and Unemployment Rate in the US. ▪️USDC is a stablecoin that meets EU MiCA regulations and is allowed to circulate. Currently, there is no movement from USDT.
🆕Hot News: - Singapore's largest bank DBS cooperates with Paxos Trust Co. opens stablecoin custody service👉Bloomberg - TVL of Defi Pendle protocol drops 40% as more LRT platforms grow and previous staking expires👉TheBlock - Iris Energy raises $413M through stock issuance, proceeds will expand Bitcoin mining operations 👉TheBlock - Silvergate accepts $63M fine to drop SEC lawsuit as FTX subverts👉Bloomberg