•Fed Officials Pointed Out to 'Disappointing' Inflation Readings in the First Quarter. •Authorities Are Discussing Keeping Interest Rates Constant For Longer If Inflation Does Not Fall. •Officials Think Monetary Policy Is Still Restrictive, But Are Uncertain About the Degree. •Some Officials Think the Impact of High Interest Rates is Smaller Than Previously. •Some Officials Think Long-Term Interest Rates May Be Higher Than Previously Thought. •Some Officials Are Concerned That Fiscal Conditions Are Not Restrictive Enough. #Binance #Bitcoin #btc #ETH #SEC $BTC
Vitalik Buterin discussed the topics he considered critical!
In his post published on May 17, Buterin first touches on the issue of MEV, that is, the financial gain that advanced node operators can achieve by reordering transactions within a block.
Buterin characterizes the two approaches to MEV as “minimization” (reducing MEV through smart protocol design like CowSwap) and “quarantine” (trying to reduce or eliminate#MEVentirely through in-protocol techniques). #MemeWatch2024 #Binance #Bitcoin #btc #SEC $BTC $ETH
“I feel the need to provide the following information, in line with the posts on social media channels, especially on foreign platforms, regarding the regulation that we submitted to the parliament today and known to the public as the crypto bill;
With the draft, it is not possible to ban Turkish citizens from making transactions on foreign platforms.
There is no obstacle for residents of Turkey to open accounts on foreign platforms and make transactions on their own initiative.
"However, foreign platforms' activities such as opening Turkish websites and advertising to residents in Turkey will be subject to the CMB license."
The price still continues with the downward trend and is currently in the expensive zone. As long as $67000 is not broken, I have a short expectation at these levels with approval in the lower time frame#Bitcoin #BTC $BTC
Binance has taken a friendly step towards the crypto community with the new Launchpool project Notcoin! Notcoin is a game played on Telegram where users earn tokens by clicking. By supporting this project, Binance encourages community projects with high liquidity. This once again demonstrates Binance's support for innovative projects and its community-focused approach. #ETFvsBTC #Binance #Bitcoin #btc $BTC $ETH
HOW WILL THE EFFECTS OF US INFLATION DATA BE? Crypto markets remained stagnant over the weekend following last week's decline, dropping the total market value to $2.38 trillion. This week, volatility is expected in the markets with the speeches of Federal Reserve officials and the release of critical inflation data.
### Economic Calendar
**Tuesday:** - **Producer Price Index (PPI):** The PPI report, which measures production costs and input prices that will be reflected in retail prices, will be published. PPI is considered one of the leading indicators of inflation and provides signals for the following month's Consumer Price Index (CPI).
**Important Events:** 1. **April PPI data** – Tuesday 2. **Fed Chairman Jerome Powell's speech** – Tuesday 3. **April CPI data** – Wednesday 4. **April retail sales data** – Wednesday 5. **Philadelphia Fed manufacturing data** – Thursday 6. **Speeches from a total of 12 Fed officials this week**
**Wednesday:** - **Core CPI:** CPI, one of the two main indicators of inflation, directly affects price trends in the economy, consumer spending and the general business environment. This data plays an important role in determining the Federal Reserve's interest rate policies. "If CPI inflation rises again this week, it will be the third consecutive monthly increase," the Kobeissi Letter states.
### Fed and Market Expectations
This week, speeches by a total of 12 Federal Reserve officials, including Fed Chairman Jerome Powell, will take place. Most U.S. CEOs expect the Fed to cut interest rates just once this year, according to the Conference Board's CEO expectations survey. While 31% of the 136 CEOs participating in the survey do not expect an interest rate cut this year, 26% predict two interest rate cuts. The Kobeissi Letter states that markets expect two interest rate cuts that will begin in September.
A development that created great excitement in the crypto world! Binance is stepping back into India's crypto scene, making a big move into that country's $300 billion market. With the approval it receives from the Financial Intelligence Unit, Binance will be able to operate officially in India. This is considered an important step for the revival of India's crypto market. KuCoin's experience in India led Binance to gain a foothold in this market. With Binance's official registration in India, it is expected to comply with local regulations and offer a secure platform to users. While Binance's return to India has excited the crypto community, the performance of local tokens such as BNB is also being closely monitored. These developments are seen as a sign that a new era has begun in India's crypto world. The size of India's crypto market makes it an attractive target for investors and businesses around the world. According to data from Chainalytic, India stands out as the second largest crypto market in the world. This increases the desire of crypto companies to expand their operations in India. We follow Binance's journey in India with interest. This development could be an important milestone in the global expansion of the crypto world.
A cryptocurrency investor made a huge fortune with the meme coin called TRUMP, one of this week's most popular altcoins.
Former US President Donald Trump's statements regarding cryptocurrencies significantly increased the value of TRUMP coin. According to CoinGecko data, the TRUMP price, which was $4.62 a week ago, rose to approximately $7 after Trump's statements.
According to Lookonchain's post, an investor purchased 2.08 million TRUMP for a total of $6,500 through 2 different wallets.
This investor, who made a great return by purchasing in the early period, sold 1.24 million TRUMP for 902 thousand dollars with the price increase. Thus, TRUMP still has 832 thousand dollars worth 4.7 million dollars in his wallet.
This investor has also made gains in the past with another cryptocurrency called BASEDAI. The investor, who initially bought 249 thousand BASEDAI by investing 4 thousand dollars, later made a profit by selling 19 thousand 500 BASEDAI for 137 thousand dollars. #ETFvsBTC #Binance #btc #Bitcoin $BTC $ETH