SAUDI ARABIA TO DECOUPLE FROM THE DOLLAR.
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The Kingdom of Saudi Arabia through Crown Prince Mohammed Bin Salman has decided not to renew a US-Saudi security agreement which is said to expire on the 9th of June, 2024. This decision is hugely significant because, it gives the Kingdom of Saudi Arabia the go ahead to sell oil and other related commodities in other currencies such as RMB, Euros, Yen, Yuan, and etc. This marks a major shift to Challenge the petrodollar system since the US was decoupled from gold in 1972 with the collapse of the Britton Woods system. This move is expected to speed up the process of de-dollarization.

#BTC☀ #shiba⚡ #NOT

The SEC has approved the Ethereum ETF

BREAKING: RESCUERS HAVE REACHED THE CRASH SITE OF THE PRESIDENT OF IRAN RAISI

“The presence of the rescue team at the crash site of the helicopter carrying the president Additional and Unfortunately, there is a possibility of martyrdom of all the passengers of the helicopter.“
Most sympathizers suspect an outside ploy. No matter who emerges as the Iranian leader, the people of Iran will remain rebellious to the West if it doesn't suit their interest.

Pyth Network to unlock over $924M worth of pyth. This is likely to cause a volatility in the pyth market as some will sell, and others will buy at their preferred entry prices.
#PYTH

BILLIONS SET TO EXPIRE IN BITCOIN AND ETHEREUM

It's a significant day for the bitcoin community today. In the Bitcoin and Ethereum markets, there will be almost $2 billion worth of options that expire. Data from the derivatives market indicates that 320,000 Ethereum options valued at $930 million and 18,000 Bitcoin options valued at $1.2 billion will expire. The direction and volatility of the markets may be significantly impacted by this major expiration.Ethereum is trading over $3k, while Bitcoin is trading over $66k. When it comes to assessing the overall mood in the market and how investors position themselves, the state of the markets offers crucial hints. Put-Call Ratios and the Actions of Investors An essential indicator of which way investors are leaning in the options market is the put-call ratio.
#btc #ETH #buythedip

VITALIK BUTERIN POSTS ABOUT CHAT GPT-4

The founder of Ethereum, the layer 2 cryptocurrency has given his opinion about open ai's chatbot ChatGPT. Read his post below:

ONCE AGAIN, CHINESE COMPANIES EVADE US SANCTIONS.

Chinese researchers have discovered an economical way to mass-produce optical chips, which could potentially soften the impact of U.S. sanctions.

What Happened: Chinese researchers have developed a cost-effective technique for mass-producing optical chips, crucial for supercomputers and data centers, potentially circumventing U.S. sanctions, South China Morning Post report on Monday.

The breakthrough involves photonic integrated circuits (PICs), which utilize light particles to process and transmit data, enhancing speed and reducing energy use. These chips are integral to fiber optic communications and the burgeoning field of photonic computing.

According to Ou Xin, a professor at the Shanghai Institute of Microsystem and Information Technology, and Tobias Kippenberg from the Swiss Federal Institute of Technology Lausanne, the high costs and limited wafer size have previously restricted the industrial adoption of this technology. Their findings were detailed in a recent Nature publication.

The team chose lithium tantalate (LiTaO3) over the commonly used lithium niobate for its superior properties and compatibility with low-cost, large-scale production methods similar to those used for silicon. This material is already in use for 5G radiofrequency filters in smartphones, indicating its commercial viability.

#buythedip

FED CHAIRMAN, JEROME POWELL SPEAKS!!!

Through its Chairman Jerome Powell, the Fed states that : 1. The US economy is growing and expanding nicely. 2. It is anticipated that inflation will decline throughout this phase.
3.America's labour market is expanding and in excellent shape.

4.Trade and consumer spending are robust. 5.We continue to project a 2% or higher GDP growth.
6.In the medium run, the outcome is favourable for the markets.
#FED #Memecoins #BTC

HUAWEI STOPS BUYING 4G CHIPS FROM AMERICAN CHIP MAKER

Qualcomm, a leading American semiconductor company, has recently confirmed that Huawei, a Chinese telecommunications giant, no longer requires its processors. This announcement comes amidst ongoing tensions between the United States and China over trade and technology restrictions. The confirmation by Qualcomm’s CFO that Huawei will not be purchasing 4G chips from the company in the future underscores the significant shift in the global technology landscape. This move will significantly affect the pockets of Qualcomm, and open up the door for other chip makers to compete.

Biden Administration Receives Hash Criticism from Cardano Founder !!!!!!!!!

The founder of Cardano (ADA), has criticized the regime of Joe Biden concerning his recent acts, with regards to barring banks and financial institutions from holding Bitcoin in direct support to the SEC. Despite the majority of votes at the house of US Senate rejecting the proposal from the SEC, the votes were not enough to deter the president of the United States of America from signing the bill of the SEC into law. Charles Hoskinso had a few words for the president, and I quote:
" Charles Hoskinson, the founder of Cardano , made a harsh criticism of the Biden administration and claimed that President Joe Biden was taking action to sabotage the American cryptocurrency industry. Hoskinson's statements in the May 9 video reveal his criticism of systematic attempts to stifle crypto innovation in the United States.
“A vote for #Biden is a vote against the American cryptocurrency industry,” Hoskinson said. He did not mince his words. He criticized the government for its stance on crypto regulations, listing a number of moves he believes are hindering the development of the industry.
The Securities and Exchange Commission (SEC) has called Cardano's founder overly aggressive in regulating, highlighting restrictive government regulations, especially when it comes to accessing banking services. Recently, he also pointed out various actions taken by the White House, accusing them of hindering the legislature's efforts to support the crypto industry.
President Biden's stance against legislation proposing to overturn SEC rules put in place to deter banks from dealing with crypto assets was a particularly sore point for Hoskinson. The White House issued a statement saying such actions were highly undesirable and vital to protect investors and the broader financial system."
#MicroStrategy
#buythedip
#altcoins

BITCOIN DUMPS

As said some few weeks ago, told you guys the whole market will dump below 60k.

US LAW MAKERS REPEAL' SEC 's LAW BANNING BIG FINANCIAL INSTITUTIONS FROM HOLDING CRYPTOCURRENCY. !!!

The law makers at the US house of senate voted to reject the SEC's new law that bans financial institutions. Below is a picture of the results after voting
#SolanaMemeCoins

This is Interesting

Michael Saylor Speaks!!!!!!

Hey folks, according to Michael Saylor CEO for Microstrategy, the Security Exchange Commission of the USA will go after most promising and we'll known alt coins. In his recent talks he speaks of how the SEC wants to reclassify Ethereum, BNB and other cryptocurrencies into securities. This comes at the back of heavy sanctions and penalties placed on some cryptocurrency exchanges and their founders or CEO's. Governments across the world are enacting more strict laws to regulate and govern this space.

#MicroStrategy #altcoins #BTC

WAIT !!!! BEARISH TREND AHEAD. START SELLING YOUR COIN.

Bitcoin whales are manipulating the market for people to believe that Bitcoin and other altcoins are entering into the phase of a bullish momentum. Most whales will sell in the coming few days, thereby causing the market to crush and failing further to 50k.

NB: Always do your research.