Futures trading data shows significant long positions.
News -Â Bitcoin has regained much of its recent losses as anticipation builds for former President Donald Trumpâs appearance at the Bitcoin Conference in Nashville.
Traders are keenly awaiting Trump's speech, expected to address a potential strategic Bitcoin reserve if he is re-elected.
In a 25 July analyst note, Markus Thielen, CEO of 10xResearch, observed that traders are reluctant to short Bitcoin as they await Trumpâs remarks. Thielen suggested that high expectations could lead to a price surge if Trump announces plans for a Bitcoin reserve, potentially causing Bitcoinâs value to jump significantly.
Current futures trading data reveals that positions are overwhelmingly long, with $1.11 billion at risk if Bitcoinâs price dips to $65,000. This market sensitivity underscores the potential impact of Trumpâs comments.
At press time, Bitcoin was trading at $67,100, marking a 4.28% increase in the past 24 hours. Thielen highlighted that while the U.S. Treasury holds gold reserves worth $600 billion, it also possesses $15 billion in confiscated Bitcoin. He speculated that Trump might suggest increasing Bitcoin's share of reserves, which could drive significant market movements
Polymarket is the prediction marketplace on Polygon thatâs been tearing up a storm lately amid the ongoing excitement around the 2024 U.S. presidential election. Indeed, the platform just crossed $1 billion in value processed and is accounting for ~6% of all transaction fees paid on Polygon. With its slick UX and support for card payments, Polymarket is offering an app that some normie users donât even realize is built atop crypto rails. Thatâs a good thing! Yet even plenty of crypto veterans have overlooked how Polymarket$BTC $ETH $SOL actually works. For instance, did you know that the so-called binary outcome tokens that underpin the platformâs exchange system are ERC1155 NFTs?So much attention has been given to NFTs as digital collectibles to be speculated on that many have lost sight of how NFTs can be used toward other ends, like as infra building blocks for prediction marketplaces. NFTs as collectibles are here to stay, and absolutely they are programmably compelling. My grand point, then? Going forward, expect more examples like Polymarket where NFTs are used as building blocks under the hood rather than as premier products themselves. After all, this is one of the main reasons NFTs are so interesting, the format is extremely flexible and composable. What we do with them and make of them remains mainly limited by our imaginations!
#cryptupdates #HODLHODL #bitcoinâď¸ $BTC HOW to verifyy ownership of a contract deployed by a multisig? Any signer of the multisig address can verify contract ownership on behalf of the multisig. One of the signers have to sign a message then raise a ticket under "General Inquiry" with the signed message. Read more.
How to verify ownership of a contract taken over by the community? If you can contact the contract deployer, have them sign an ownership transfer message and raise a ticket. If not, submit a ticket with the community takeover announcement from official channels. Read more.
Confused with some terms in this newsletter? Remember to check the Etherscan glossary!
Pro Tip
View Ethereum asset deposits and withdrawals via deBridge DLN In Advanced Filter, enter these contract addresses in the "To" field: "deBridge: DlnSource", "Dln: Destination", and "Dln: Crosschain Forwarder". Further filter assets bridged to and from Ethereum using Event Log.
$SOL are distribution and marketing methods specific to the crypto industry. Though there are several different TYPES of airdrops, most of them involve some registration event for users to receive their FREE digital assets at the appropriate wallet addresses. Some airdrop models may require users to perform certain tasks to receive their airdropped assets, but the result will be the same: usersâ wallet addresses are recorded before the cutoff date and time. Here are a few examples in which projects might conduct their airdrops:Users complete one or more online tasks to qualify for receiving the airdrop at a later date.Assets are automatically distributed to token-holders of a given asset, provided the wallet has a minimum balance on the relevant blockchain on which the airdrop takes place. Taking a snapshot of the blockchainâs state from a prior moment in time, with users claiming their airdropped assets through a smart contract request.
Bitcoin skidded anew on concern about possible sales of the token by creditors of the failed Mt. Gox exchange, fueling doubts about the remaining impetus in a crypto bull run that began last year.The largest digital asset slid as much as 5.2% on Monday to $54 313, some $19 000 below Marchâs record high. Smaller tokens such as Solana and Cardano traded higher
đ Total Airdrop Pool: 30 Million FGC (3% of the total supply)
đ Visit the FantaGoal Airdrop Page
â Sign up on the airdrop page and verify your e-mail address. â Connect your Twitter and Discord account to the airdrop page. â Follow their Twitter, like and retweet the pinned post. â Do the other tasks on the page to earn more points. â Submit your details to the airdrop page.
đ You can also join the 100,000 USDT + 10 Million FGC campaign here. You can find more information about the airdrop here.
đ $USDC All eligible participants will receive the rewards. The distribution is scheduled for after the TGE, as stated in the project's announcement.