Daily Cryptocurrency Market Overview

The market is showing a decline. BTC has dropped to $63,202.91 (-1.45%). ETH has fallen to $2,694.43 (-2.19%).

🟢 Gaining assets: NEAR: $4.9501 (+0.33%).

🔴 Declining assets: SOL: $159.038 (-1.18%), BNB: $556.577 (-2.99%), TON: $5.3979 (-6.71%), ADA: $0.370458 (-3.79%), TRX: $0.162312 (-2.15%).

#Market

🌙 Here's what you might have missed overnight:

🚗 Canadian Car Imports from China Up 460%
Canadian car imports surged as Tesla began shipping Shanghai-made electric vehicles to Vancouver, the country's largest port.

💼 SEC Charges in $60 Million Ponzi Scheme
The U.S. SEC has charged two individuals in connection with a crypto Ponzi scheme that promised high returns through an automated trading bot.

🔍 Meta Claims Biden Administration Pushed for COVID Content Censorship
Mark Zuckerberg told a House committee that the U.S. government tried to influence the company's policy on restricting COVID-19 information.

💵 PayPal Stablecoin Reaches $1 Billion Market Cap
The new PayPal stablecoin, PYUSD, has reached a market cap of $1 billion, highlighting the growing interest in digital assets.

💰 Transfer of 12,573 ETH ($33.8 million) to Coinbase
A significant Ethereum transfer to Coinbase has caught the attention of analysts and traders, sparking discussions about potential market impacts.

#News

Average transaction fees on the Bitcoin network have sharply increased, rising 10.4 times in a short period. This spike is linked to increased network activity and higher demand for processing transactions. Experts note that this may be due to the rise in transaction volumes as well as the introduction of new technologies like Ordinals and Taproot.

Sending Bitcoin has now become not only fast but also expensive.

#BTC

Token Liquidity

Token liquidity refers to the ability of a token to be quickly and easily exchanged for another asset (e.g., fiat currency or another cryptocurrency) without significantly affecting its market price.

Why is liquidity important?

🔵 High liquidity means you can easily buy or sell a token at the current market price. This is especially important for traders who want to quickly enter or exit the market.

🔵 In liquid markets, the token price is less prone to sharp fluctuations because there are enough buyers and sellers to maintain price stability. In contrast, in illiquid markets, even small trades can significantly affect the price.

🔵 High liquidity allows projects and investors to mobilize funds more quickly when needed.

🔵 Investors prefer tokens with high liquidity as it reduces the risks associated with difficulties in selling the asset in the future.

Factors affecting token liquidity:

🔵 Tokens with high trading volumes on exchanges usually have higher liquidity because there are more market participants willing to trade the asset.

🔵 If a token is traded on a large number of exchanges, this increases its liquidity as more traders have access to it.

🔵 Tokens issued by well-known and respected projects generally have higher liquidity because they are trusted more by market participants.

🔵 Tokens that are integrated into the ecosystems of other projects or platforms may have higher liquidity due to access to a larger user base.

#TokenLiquidity #crypto

After a major hack that resulted in the theft of $230 million, the Indian crypto exchange WazirX has announced plans for restructuring. The company intends to strengthen security measures and revise its business strategy to prevent similar incidents in the future and restore user trust.

It seems WazirX is now focused on bolstering its security—better late than never. 🔐

#Crypto #market

Daily Cryptocurrency Market Overview

The market is showing a decline. BTC has fallen to $64,067.85 (-0.33%). ETH has also decreased to $2,748.39 (-0.72%).

🟢 Rising assets: SOL: $159.963 (+0.82%), TRX: $0.165969 (+3.11%).

🔴Falling assets: XRP: $0.598558 (-1.71%), BNB: $568.165 (-2.02%), DOGE: $0.109354 (-1.23%).

#Market #BTC

Japanese DMM Group and blockchain platform Progmat have announced a collaboration to develop a regulated stablecoin. The new stablecoin will comply with Japanese regulations, ensuring transparency and security for users. This project is aimed at accelerating the development of digital finance in the country.

It seems Japan is betting on stability and security in the world of cryptocurrencies. 💴

❗️DOGS Trading Has Begun

The DOGS are slowly being dumped, with the price around $0.0012.

However, after the trading started, the OKX exchange site crashed and only resumed operation after some time.

How are your DOGS ?

Sold – 👍
Bought – 🔥
HODL – 🐳

The Ethereum blockchain has turned nine years old

Launched in July 2015, Ethereum has become the second-largest cryptocurrency platform after Bitcoin and continues to evolve by implementing new technologies and improving functionality.

The Ethereum network has become the foundation for numerous projects, including decentralized applications (dApps), smart contracts, and DeFi.

Crypto
#ETH

Solana has surpassed Ethereum in weekly transaction volume on decentralized exchanges (DEX) for the first time, with $1.3 billion compared to $1.29 billion. The increase in activity is due to Solana's low fees.

It will be interesting to see how this affects the market. 🌐

Crypto
#Solana #BTC

What is BEP-20

BEP-20 is a token standard on the Binance Smart Chain (BSC), similar to the ERC-20 standard on Ethereum.

Main characteristics:

🔵 Supports the transfer of projects from Ethereum to BSC.
🔵 Includes functions for minting, burning, transferring, and checking token balances.
🔵 Easily integrates with decentralized applications, exchanges, and services on BSC.
🔵 Transactions require payment in BNB.
🔵 Used for stablecoins, tokenized assets, governance tokens, and utility tokens.

BEP-20 is popular for its flexibility and ease of use in the Binance Smart Chain ecosystem.

Crypto
#BEP20 #BTC

Michael Saylor, the founder and CEO of MicroStrategy, spoke at the Bitcoin 2024 conference in Nashville. He predicted that Bitcoin would rise to $13 million in about 20 years.

#BTC #crypto

Overview of Cryptocurrency Futures Trading Volumes ©️

The image presents data on 24-hour and weekly trading volumes for various cryptocurrency platforms and futures.

Binance Futures leads with $32.72 billion in 24 hours and $217.71 billion in a week. Poloniex Futures is second with $29.75 billion in 24 hours and $148.77 billion in a week.

OKX Futures is in third place with $14.59 billion in 24 hours and $97.72 billion in a week. Bybit (Futures) shows $12.23 billion in 24 hours and $91.15 billion in a week.

Binance shows $8.00 billion in 24 hours and $58.80 billion in a week. MEXC Futures shows $3.21 billion in 24 hours and $19.79 billion in a week.

#BTC #crypto #market

🚨 Summary Of Trump Speech

• TRUMP: #Bitcoin is going to the moon, and I want America to lead the way. 🚀

• TRUMP: We have raised more than $25 MILLION from #Bitcoin and crypto donations.

• JUST IN: 🇺🇸 Donald Trump says "the United States will be the crypto capital of the planet and the #Bitcoin superpower of the world."

"Bitcoin is going to the moon."

• BREAKING: 🇺🇸 Donald Trump says "on day one I will fire Gary Gensler and appoint a new SEC chairman."

• 💥TRUMP: I will appoint #Bitcoin and crypto Presidential Advisory Council for the benefit of the entire industry.

New rules will be written by people who love your industry within 100 days.

• 🇺🇸 TRUMP: #Bitcoin does not threaten the US Dollar. The US Government policies threaten the US Dollar.

• JUST IN: 🇺🇸 Donald Trump says "#Bitcoin and crypto will skyrocket like never before" if elected president.

• BREAKING: 🇺🇸 DONALD TRUMP PLEDGES TO NEVER SELL #BITCOIN AND HOLD IT AS A STRATEGIC RESERVE ASSET IF ELECTED PRESIDENT
$BTC #DonaldJTrump

JUST IN: 🇺🇸 Donald Trump says Bitcoin will one day probably surpass the market cap of Gold.

JUST IN: 🇺🇸 Donald Trump says "the United States will be the crypto capital of the planet and the Bitcoin superpower of the world."

"Bitcoin is going to the moon."

Fake Exchanges

Fake cryptocurrency exchanges are fraudulent platforms created to steal users' funds and personal data.

How to recognize a fake exchange:

🔵If an exchange offers extremely low fees, incredible sign-up bonuses, or guaranteed profits, it may be a sign of fraud.

🔵Reliable exchanges are usually licensed and regulated by financial authorities. Check for information on licenses and regulatory bodies on the exchange's website.

🔵Fraudulent exchanges may post fake positive reviews and high ratings. Check reviews on independent resources and forums.

🔵Trustworthy exchanges provide information about their team, office locations, and company history. The absence of this information can be a warning sign.

🔵Check if the site uses a secure connection (HTTPS), and pay attention to possible errors or inconsistencies in design and functionality.

🔵If an exchange makes it difficult or delays the withdrawal of funds, it may be a sign of fraud. Check user reviews about fund withdrawals.

How to protect yourself:

🔵Use only verified and well-known exchanges. Check the exchange's reputation on cryptocurrency forums and review sites.

🔵Enable two-factor authentication (2FA) to enhance the security of your account.

🔵Use complex and unique passwords for each exchange and change them regularly.

🔵Keep only the funds necessary for trading. Store the main funds in cold wallets.

🔵Make sure you visit the correct site, check the URL, and avoid phishing sites with similar domain names.

#Exchanges #BTC #crypto

The inflow of funds into spot Bitcoin ETFs in the USA exceeded $147 million, according to the latest data. Major contributions came from crypto funds by Ark Invest and 21 Shares, while Grayscale's fund saw an outflow of $51 million.

It seems that Bitcoin ETFs in the USA are the new gold rush. 🤑

#ETF #bitcoin

Apple integrates AI into its devices, enhancing their performance, personalization, and security. Innovations include improved photo organization, dynamic effects in iMessage, and smart power management. Privacy is also a priority, with all AI processes performed on the device.

It seems Apple has made its gadgets smarter than us. 🤷

#AI

JUST IN: 🇺🇸 Robert Kennedy F. Jr says he will sign an executive order for the US to buy 550 Bitcoin per day to build a reserve of 4 million BTC, if elected president.
#BTC