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đ„đ„đđIran launched missiles in retaliation against Israel, markets fall downđ„đ„âïžđ
-$BTC has fallen for three consecutive days due to market panic caused by the Iran-Israel conflict. Yesterday, it fell to around $60,000. The market may have significant fluctuations. Please be aware of the risks.
-$ETH has fallen for 4 consecutive days, with a 24-hour drop of 5.48%. Compared with BTC, it has fallen into a weak trend again. The issuance of Eigenlayer (EIGEN) seems to have failed to open up more imagination space for the Ethereum ecosystem. With the lackluster fundamentals, the market is more interested in competitors such as SOL and SUI.
-As Bitcoinâs decline widened yesterday, altcoins experienced a general decline. A series of popular TON blockchain game MEME tokens listed recently fell sharply.
The current market environment is complex and volatile. The uncertainty of the extent of the Fedâs interest rate cuts and unexpected events are disturbing the market.
On this Monday, Federal Reserve Chairman Powellâs hawkish remarks lowered market expectations for a 50 basis point rate cut in November, causing short-term volatility in the U.S. stock market. However, in the end, the three major indexes still closed slightly higher, and the overall performance in September was strong. The Dow Jones Industrial Average and the S&P 500 both hit new closing highs and achieved five consecutive monthly increases.
Although there is debate in the short term about the extent of the Fedâs interest rate cuts, in the long run, it has become a market consensus that the Fed has a lot of room for interest rate cuts, which will be beneficial to long-term liquidity easing for global stock markets and crypto markets.
However, last night Iran launched a missile attack on Israel in military retaliation, and short-term panic quickly had a price impact on the US stock and crypto markets, causing the market to fall. From historical experience, conflicts in the Middle East often lead to a fall in asset prices such as the crypto market.
-$BTC has fallen for three consecutive days due to market panic caused by the Iran-Israel conflict. Yesterday, it fell to around $60,000. The market may have significant fluctuations. Please be aware of the risks.
-$ETH has fallen for 4 consecutive days, with a 24-hour drop of 5.48%. Compared with BTC, it has fallen into a weak trend again. The issuance of Eigenlayer (EIGEN) seems to have failed to open up more imagination space for the Ethereum ecosystem. With the lackluster fundamentals, the market is more interested in competitors such as SOL and SUI.
-As Bitcoinâs decline widened yesterday, altcoins experienced a general decline. A series of popular TON blockchain game MEME tokens listed recently fell sharply.
The current market environment is complex and volatile. The uncertainty of the extent of the Fedâs interest rate cuts and unexpected events are disturbing the market.
On this Monday, Federal Reserve Chairman Powellâs hawkish remarks lowered market expectations for a 50 basis point rate cut in November, causing short-term volatility in the U.S. stock market. However, in the end, the three major indexes still closed slightly higher, and the overall performance in September was strong. The Dow Jones Industrial Average and the S&P 500 both hit new closing highs and achieved five consecutive monthly increases.
Although there is debate in the short term about the extent of the Fedâs interest rate cuts, in the long run, it has become a market consensus that the Fed has a lot of room for interest rate cuts, which will be beneficial to long-term liquidity easing for global stock markets and crypto markets.
However, last night Iran launched a missile attack on Israel in military retaliation, and short-term panic quickly had a price impact on the US stock and crypto markets, causing the market to fall. From historical experience, conflicts in the Middle East often lead to a fall in asset prices such as the crypto market.
đ„đđ $BTC will pump hard after this retracement.
There is a big tension now, between Iran and Israel. I will expecting a big retrace.
#BTCReboundsAfterFOMC #BTCPredictedNewATH #IranianMissilesPlummetsBTC #BTCUptober
There is a big tension now, between Iran and Israel. I will expecting a big retrace.
#BTCReboundsAfterFOMC #BTCPredictedNewATH #IranianMissilesPlummetsBTC #BTCUptober
$SHIB đđđđ„ Shiba Inu (SHIB) on verge of becoming profitable againđ„đ„đđđ
Data provided by IntoTheBlock shows that 50% of Shiba Inu (SHIB) holders are currently profitable at a price of $0.00001718, suggesting a potential for profit growth if prices continue to rise. Also, 73% of SHIB's large holders are whales, which means that these market players could significantly influence price fluctuations via their buying and selling actions. The price movements of Shiba Inu are closely tied to the overall cryptocurrency market, especially Bitcoin, due to their strong correlation. Despite some conflicting signals about SHIB's prospects, there are signs of growing demand on trading platforms, highlighted by a substantial increase of 128.19% in bid-ask volume imbalance. Investors should keep an eye on the important price level of $0.00001700, as surpassing this threshold may trigger a more robust upward movement and enhance profitability for SHIB investors.
Data provided by IntoTheBlock shows that 50% of Shiba Inu (SHIB) holders are currently profitable at a price of $0.00001718, suggesting a potential for profit growth if prices continue to rise. Also, 73% of SHIB's large holders are whales, which means that these market players could significantly influence price fluctuations via their buying and selling actions. The price movements of Shiba Inu are closely tied to the overall cryptocurrency market, especially Bitcoin, due to their strong correlation. Despite some conflicting signals about SHIB's prospects, there are signs of growing demand on trading platforms, highlighted by a substantial increase of 128.19% in bid-ask volume imbalance. Investors should keep an eye on the important price level of $0.00001700, as surpassing this threshold may trigger a more robust upward movement and enhance profitability for SHIB investors.
Data provided by IntoTheBlock shows that 50% of Shiba Inu (SHIB) holders are currently profitable at a price of $0.00001718, suggesting a potential for profit growth if prices continue to rise. Also, 73% of SHIB's large holders are whales, which means that these market players could significantly influence price fluctuations via their buying and selling actions. The price movements of Shiba Inu are closely tied to the overall cryptocurrency market, especially Bitcoin, due to their strong correlation. Despite some conflicting signals about SHIB's prospects, there are signs of growing demand on trading platforms, highlighted by a substantial increase of 128.19% in bid-ask volume imbalance. Investors should keep an eye on the important price level of $0.00001700, as surpassing this threshold may trigger a more robust upward movement and enhance profitability for SHIB investors.
Data provided by IntoTheBlock shows that 50% of Shiba Inu (SHIB) holders are currently profitable at a price of $0.00001718, suggesting a potential for profit growth if prices continue to rise. Also, 73% of SHIB's large holders are whales, which means that these market players could significantly influence price fluctuations via their buying and selling actions. The price movements of Shiba Inu are closely tied to the overall cryptocurrency market, especially Bitcoin, due to their strong correlation. Despite some conflicting signals about SHIB's prospects, there are signs of growing demand on trading platforms, highlighted by a substantial increase of 128.19% in bid-ask volume imbalance. Investors should keep an eye on the important price level of $0.00001700, as surpassing this threshold may trigger a more robust upward movement and enhance profitability for SHIB investors.
đâïžđ New Development on the Fate of Terra (LUNA) â Developers Released an Official Statementđ±đ„đ€·đŸââïž
Terraform Labs, the developer of Terra (LUNA) blockchain products, has announced that it is in talks with third-party organizations to take over the operations of some of its products and services.
However, if these negotiations do not result in a successful transfer, Terraform Labs will shut down these services by October 30, 2024.
The companyâs official statement, shared via its X (formerly Twitter) account, outlined the affected products and services.
Terraform Labs won court approval for bankruptcy last week after reaching a settlement with the SEC. The company agreed to pay a $4.47 billion fine to the SEC in January.
Terraform Labs was the company behind the Terra (LUNA) token, which went bankrupt in 2022, setting off the collapse of a nearly $40 billion ecosystem. The company, previously led by founder Do Kwon, was placed into bankruptcy management following the collapse.
Terraform Labs stated that negotiations are ongoing, but if agreements cannot be finalized, these products and services will be discontinued by the end of October.
*This is not investment advice.
** Excerpts from CoinMarketCap
Terraform Labs, the developer of Terra (LUNA) blockchain products, has announced that it is in talks with third-party organizations to take over the operations of some of its products and services.
However, if these negotiations do not result in a successful transfer, Terraform Labs will shut down these services by October 30, 2024.
The companyâs official statement, shared via its X (formerly Twitter) account, outlined the affected products and services.
Terraform Labs won court approval for bankruptcy last week after reaching a settlement with the SEC. The company agreed to pay a $4.47 billion fine to the SEC in January.
Terraform Labs was the company behind the Terra (LUNA) token, which went bankrupt in 2022, setting off the collapse of a nearly $40 billion ecosystem. The company, previously led by founder Do Kwon, was placed into bankruptcy management following the collapse.
Terraform Labs stated that negotiations are ongoing, but if agreements cannot be finalized, these products and services will be discontinued by the end of October.
*This is not investment advice.
** Excerpts from CoinMarketCap
đ„đ„đ„ đđœ Former Alameda Research CEO Gets 24 Months in Jail for FTX Collapse đđœ đ„đ„đ„đ„
Key Points:
Former Alameda Research CEO Caroline Ellison received a 24-month prison sentence for her role in the collapse of cryptocurrency exchange FTX. Ellison's testimony was crucial in convicting FTX founder Sam Bankman-Fried, but Judge Kaplan ruled that her cooperation did not exempt her from responsibility.
Ellison, 29, had earlier pleaded guilty to seven felony charges, including fraud and conspiracy, which could raise a potential sentence of up to 110 years. Where the defence team argued for no prison time against her substantial assistance in the case, Judge Kaplan emphasised that the lady's cooperation did not necessarily relieve her of responsibility for the size of the fraud.
Ellison's testimony played a role in Bankman-Fried being convicted to serve 25 years in prison. Bankman-Fried had engineered what U.S. District Judge Lewis Kaplan termed one of the largest financial frauds in American history, misappropriating an estimated $10 billion of FTX customers, investors, and lenders. While working for Alameda Research, Ellison had taken part in attempts to conceal the company's dire financial status and mislead investors.
Ellison Faces Prison and $11 Billion Forfeiture
During her trial, the former Alameda Research CEO testified that, at the behest of Bankman-Fried, she created phoney balance sheets to hide how FTX was using customer funds to borrow and borrowed billions from company executives. Her articulate testimony and ability to recall key documents were deemed pivotal in the case brought by the government.
In addition to the prison term, Ellison was sentenced to forfeit $11 billion, which many have said she will never pay. She is to report to prison on November 7, after which three years of probation will be waiting for her.
Key Points:
Former Alameda Research CEO Caroline Ellison received a 24-month prison sentence for her role in the collapse of cryptocurrency exchange FTX. Ellison's testimony was crucial in convicting FTX founder Sam Bankman-Fried, but Judge Kaplan ruled that her cooperation did not exempt her from responsibility.
Ellison, 29, had earlier pleaded guilty to seven felony charges, including fraud and conspiracy, which could raise a potential sentence of up to 110 years. Where the defence team argued for no prison time against her substantial assistance in the case, Judge Kaplan emphasised that the lady's cooperation did not necessarily relieve her of responsibility for the size of the fraud.
Ellison's testimony played a role in Bankman-Fried being convicted to serve 25 years in prison. Bankman-Fried had engineered what U.S. District Judge Lewis Kaplan termed one of the largest financial frauds in American history, misappropriating an estimated $10 billion of FTX customers, investors, and lenders. While working for Alameda Research, Ellison had taken part in attempts to conceal the company's dire financial status and mislead investors.
Ellison Faces Prison and $11 Billion Forfeiture
During her trial, the former Alameda Research CEO testified that, at the behest of Bankman-Fried, she created phoney balance sheets to hide how FTX was using customer funds to borrow and borrowed billions from company executives. Her articulate testimony and ability to recall key documents were deemed pivotal in the case brought by the government.
In addition to the prison term, Ellison was sentenced to forfeit $11 billion, which many have said she will never pay. She is to report to prison on November 7, after which three years of probation will be waiting for her.
đđđThe Ethereum Foundation has been selling
$ETH at an alarming rate in September!đ„đ„đ„đ
Just now, they sold another 200 $ETH for 527,989 $DAl again, bringing the total amount of $ETH sold in September to 1,150 $ETH ($2.8M). Note that they have been selling $ETH every few other days, with the last sale being only 3 days ago.
$ETH at an alarming rate in September!đ„đ„đ„đ
Just now, they sold another 200 $ETH for 527,989 $DAl again, bringing the total amount of $ETH sold in September to 1,150 $ETH ($2.8M). Note that they have been selling $ETH every few other days, with the last sale being only 3 days ago.
đđđ„ Daily News | Fed Announced 50 Basis Point Interest Rate Cut, BTC Led Overall Crypto Market to Rebound Significantlyđ„đ„đđ
If Bitcoin breaks through $64000, the mainstream CEXâs accumulated short clearing strength will reach 540 million
According to Farside Investor data, the US spot Bitcoin ETF had a net outflow of $52.83 million yesterday, including a net outflow of $8.13 million from GBTC and $43.41 million from ARKB. BlackRock IBIT has no inflow or outflow of funds.
The US Ethereum spot ETF had a net outflow of $9.71 million yesterday, with a grayscale ETF outflow of $14.7 million and a BlackRock ETF net inflow of $4.95 million.
The last time the Fed cut interest rates by 50 basis points was in March 2020, and since then, Bitcoin has risen more than tenfold
According to statistics, the last time the Federal Reserve cut interest rates by 50 basis points was in March 2020, when it cut interest rates by 1 percentage point to 0-0.25% in response to the COVID-19 epidemic. Since March 2022, the Federal Reserve has launched an almost unprecedented aggressive interest rate hike and has maintained the policy rate at a high level of 5.25% -5.5% since July 2023.
After the interest rate cut in 2020, Bitcoin started to rise from the price range of $4,000 to $6,000 after â3.12â, and reached the peak of the previous bull market at $69040 in November 2021, with a maximum increase of more than 10 times.
During the same period, the price of gold started to rise in the range of $1,450 to $1,700 in March, surpassing Bitcoinâs peak earlier. After reaching a high of $2,075 in August 2020, it fell back and began a new round of upward trend after reaching a bottom of $1,616 in November 2022.
Market Trends: BTC led the market to a significant rebound, while SUI, FTM, and others performed well
If Bitcoin breaks through $64000, the mainstream CEXâs accumulated short clearing strength will reach 540 million
According to Farside Investor data, the US spot Bitcoin ETF had a net outflow of $52.83 million yesterday, including a net outflow of $8.13 million from GBTC and $43.41 million from ARKB. BlackRock IBIT has no inflow or outflow of funds.
The US Ethereum spot ETF had a net outflow of $9.71 million yesterday, with a grayscale ETF outflow of $14.7 million and a BlackRock ETF net inflow of $4.95 million.
The last time the Fed cut interest rates by 50 basis points was in March 2020, and since then, Bitcoin has risen more than tenfold
According to statistics, the last time the Federal Reserve cut interest rates by 50 basis points was in March 2020, when it cut interest rates by 1 percentage point to 0-0.25% in response to the COVID-19 epidemic. Since March 2022, the Federal Reserve has launched an almost unprecedented aggressive interest rate hike and has maintained the policy rate at a high level of 5.25% -5.5% since July 2023.
After the interest rate cut in 2020, Bitcoin started to rise from the price range of $4,000 to $6,000 after â3.12â, and reached the peak of the previous bull market at $69040 in November 2021, with a maximum increase of more than 10 times.
During the same period, the price of gold started to rise in the range of $1,450 to $1,700 in March, surpassing Bitcoinâs peak earlier. After reaching a high of $2,075 in August 2020, it fell back and began a new round of upward trend after reaching a bottom of $1,616 in November 2022.
Market Trends: BTC led the market to a significant rebound, while SUI, FTM, and others performed well
đđ„đ„đTerra Luna Classic Price Eyes 50% Surge Ahead of Bankruptcy Hearing Todayđđđđ„
Recent upgrades focus on improving transaction efficiency, and TFL plans to burn all coins. This could positively impact supply and the Terra Luna Classic price.
HIGHLIGHTS
Terra Luna Classic price eyes 50% gains to $0.000013 amid general market recovery.
Terraform Labs (TFL) Chapter 11 bankruptcy hearing commences today.
TFL will burn all of their coins, including LUNC and USTC, by October 30, 2024.
Recent upgrades focus on improving transaction efficiency, and TFL plans to burn all coins. This could positively impact supply and the Terra Luna Classic price.
HIGHLIGHTS
Terra Luna Classic price eyes 50% gains to $0.000013 amid general market recovery.
Terraform Labs (TFL) Chapter 11 bankruptcy hearing commences today.
TFL will burn all of their coins, including LUNC and USTC, by October 30, 2024.
Note this đđđđđđ
LIVEboraton
--
đ„đ„Shiba Inu Inflows Skyrocket 164% as $SHIB Preps for Major Rallyđ„đ„đđŒââïžđđđ
Dog-themed cryptocurrency Shiba Inu ($SHIB ) is seeing a 164% surge in large holder inflows, an indicator that tracks the funds going into addresses belonging to whales, according to IntoThBllock.
Large Holder Inflows may indicate that buying is taking place. This is the case because many of these addresses buy on centralized exchanges and subsequently transfer their purchases to cold storage.
Spikes in Large Holders Inflows can indicate price bottoms because these addresses prefer to buy in large quantities after significant corrections. Shiba Inu has declined steadily since reaching highs of $0.0000161 on Aug. 24. After reaching a low of $0.00001231, the Shiba Inu price began to rebound.
At the time of writing, $SSHIB was up 1.5% in the last 24 hours to $0.00001317. If today closes in the green, Shiba Inu will mark its third consecutive day of gains.
Shiba Inu looks set for a major move, however, the road is not devoid of obstacles. On the upside, Shiba Inu faces a barrier at the daily SMA 50 at $0.00001442 ahead of the daily SMA 200 at $0.000021.
If these hurdles are cleared, SHIB might begin a major move, aiming for the $0.00003 level.
Shiba Inu's recent milestones
In the past week, Shiba Inu Developerâs Portal, or ShibDev, a key player in Shibariumâs evolution, was launched, providing developers with essential tools for building on Shibarium and signaling Shiba Inu's long-term ambition of building an extended and thriving ecosystem.
Shiba Inu expanded its impact beyond traditional markets, igniting the gaming industry with the release of Agent Shiboshi and its Apple App Store launch. The game not only capitalizes on the expanding crypto gaming market but also helps to further engage Shiba Inu's passionate fan base.
Shiba Eternity's first Web3-ranked event concluded last week, marking an important milestone for the Shiba Inu ecosystem.
Dog-themed cryptocurrency Shiba Inu ($SHIB ) is seeing a 164% surge in large holder inflows, an indicator that tracks the funds going into addresses belonging to whales, according to IntoThBllock.
Large Holder Inflows may indicate that buying is taking place. This is the case because many of these addresses buy on centralized exchanges and subsequently transfer their purchases to cold storage.
Spikes in Large Holders Inflows can indicate price bottoms because these addresses prefer to buy in large quantities after significant corrections. Shiba Inu has declined steadily since reaching highs of $0.0000161 on Aug. 24. After reaching a low of $0.00001231, the Shiba Inu price began to rebound.
At the time of writing, $SSHIB was up 1.5% in the last 24 hours to $0.00001317. If today closes in the green, Shiba Inu will mark its third consecutive day of gains.
Shiba Inu looks set for a major move, however, the road is not devoid of obstacles. On the upside, Shiba Inu faces a barrier at the daily SMA 50 at $0.00001442 ahead of the daily SMA 200 at $0.000021.
If these hurdles are cleared, SHIB might begin a major move, aiming for the $0.00003 level.
Shiba Inu's recent milestones
In the past week, Shiba Inu Developerâs Portal, or ShibDev, a key player in Shibariumâs evolution, was launched, providing developers with essential tools for building on Shibarium and signaling Shiba Inu's long-term ambition of building an extended and thriving ecosystem.
Shiba Inu expanded its impact beyond traditional markets, igniting the gaming industry with the release of Agent Shiboshi and its Apple App Store launch. The game not only capitalizes on the expanding crypto gaming market but also helps to further engage Shiba Inu's passionate fan base.
Shiba Eternity's first Web3-ranked event concluded last week, marking an important milestone for the Shiba Inu ecosystem.
đ„đ„Shiba Inu Inflows Skyrocket 164% as $SHIB Preps for Major Rallyđ„đ„đđŒââïžđđđ
Dog-themed cryptocurrency Shiba Inu ($SHIB ) is seeing a 164% surge in large holder inflows, an indicator that tracks the funds going into addresses belonging to whales, according to IntoThBllock.
Large Holder Inflows may indicate that buying is taking place. This is the case because many of these addresses buy on centralized exchanges and subsequently transfer their purchases to cold storage.
Spikes in Large Holders Inflows can indicate price bottoms because these addresses prefer to buy in large quantities after significant corrections. Shiba Inu has declined steadily since reaching highs of $0.0000161 on Aug. 24. After reaching a low of $0.00001231, the Shiba Inu price began to rebound.
At the time of writing, $SSHIB was up 1.5% in the last 24 hours to $0.00001317. If today closes in the green, Shiba Inu will mark its third consecutive day of gains.
Shiba Inu looks set for a major move, however, the road is not devoid of obstacles. On the upside, Shiba Inu faces a barrier at the daily SMA 50 at $0.00001442 ahead of the daily SMA 200 at $0.000021.
If these hurdles are cleared, SHIB might begin a major move, aiming for the $0.00003 level.
Shiba Inu's recent milestones
In the past week, Shiba Inu Developerâs Portal, or ShibDev, a key player in Shibariumâs evolution, was launched, providing developers with essential tools for building on Shibarium and signaling Shiba Inu's long-term ambition of building an extended and thriving ecosystem.
Shiba Inu expanded its impact beyond traditional markets, igniting the gaming industry with the release of Agent Shiboshi and its Apple App Store launch. The game not only capitalizes on the expanding crypto gaming market but also helps to further engage Shiba Inu's passionate fan base.
Shiba Eternity's first Web3-ranked event concluded last week, marking an important milestone for the Shiba Inu ecosystem.
Dog-themed cryptocurrency Shiba Inu ($SHIB ) is seeing a 164% surge in large holder inflows, an indicator that tracks the funds going into addresses belonging to whales, according to IntoThBllock.
Large Holder Inflows may indicate that buying is taking place. This is the case because many of these addresses buy on centralized exchanges and subsequently transfer their purchases to cold storage.
Spikes in Large Holders Inflows can indicate price bottoms because these addresses prefer to buy in large quantities after significant corrections. Shiba Inu has declined steadily since reaching highs of $0.0000161 on Aug. 24. After reaching a low of $0.00001231, the Shiba Inu price began to rebound.
At the time of writing, $SSHIB was up 1.5% in the last 24 hours to $0.00001317. If today closes in the green, Shiba Inu will mark its third consecutive day of gains.
Shiba Inu looks set for a major move, however, the road is not devoid of obstacles. On the upside, Shiba Inu faces a barrier at the daily SMA 50 at $0.00001442 ahead of the daily SMA 200 at $0.000021.
If these hurdles are cleared, SHIB might begin a major move, aiming for the $0.00003 level.
Shiba Inu's recent milestones
In the past week, Shiba Inu Developerâs Portal, or ShibDev, a key player in Shibariumâs evolution, was launched, providing developers with essential tools for building on Shibarium and signaling Shiba Inu's long-term ambition of building an extended and thriving ecosystem.
Shiba Inu expanded its impact beyond traditional markets, igniting the gaming industry with the release of Agent Shiboshi and its Apple App Store launch. The game not only capitalizes on the expanding crypto gaming market but also helps to further engage Shiba Inu's passionate fan base.
Shiba Eternity's first Web3-ranked event concluded last week, marking an important milestone for the Shiba Inu ecosystem.
Top Altcoins to Watch This Week: $ARB , Ethereum ($ETH ), and Optimism ($OP ) Ready for a Breakout!!
Arbitrum (ARB): Shaping the Future of Blockchain
Currently, (ARB) navigates a market environment that presents mixed conditions: the coin demonstrates resilience and hints at potential recovery despite encountering some downturns. Platforms such as Rarible have integrated with this EVM chain, which uniquely positions itself in the crypto space with its innovative approach and embedded royalty features. (ARB) is currently navigating through a dynamic market, with its price range fluctuating between $0.56 and $0.60. The 10-day Moving Average stands at $0.60, while the 100-day Moving Average is at $0.50. The support levels are identified at $0.50 and $0.48, with resistance levels at $0.65 and $0.80. Raribleâs recent adoption of (ARB) fosters a promising future â with its strategic focus on cultivating a creator-centric ecosystem and integrating royalties at the node level, more users and developers could gravitate towards the platform, which may subsequently elevate its value.
Ethereum (ETH): Regulatory Advancements and ETF Prospects
Currently Ethereum is a topic, in conversations as the United States Securities and Exchange Commission (SEC) is looking into a potential rule adjustment that may enable Fidelity Investments to launch shares for a new Ethereum (ETH) exchange traded fund (ETF). Fidelityâs recent SEC filing outlines the firmâs intention for the ETF to track Ether by referencing the Fidelity Ethereum Index. If approved, this ETF, potentially trading under the name ETHF on the Cboe BZX Exchange, could mark a significant milestone for Ethereum.
Optimism (OP): Navigating Market Challenges
Optimism has recorded a 5.60% negative development in the Open Interest contracts. When writing, It had nearly $72.80 Million Open contracts. Moreover, the 24-hour transaction volume surged by 10.7% to $160 Million a day. The community sentiment metrics showcased 80% bullish and 20% bearish sentiments, as per CoinMarketCap.
#CryptoMarketMoves
Arbitrum (ARB): Shaping the Future of Blockchain
Currently, (ARB) navigates a market environment that presents mixed conditions: the coin demonstrates resilience and hints at potential recovery despite encountering some downturns. Platforms such as Rarible have integrated with this EVM chain, which uniquely positions itself in the crypto space with its innovative approach and embedded royalty features. (ARB) is currently navigating through a dynamic market, with its price range fluctuating between $0.56 and $0.60. The 10-day Moving Average stands at $0.60, while the 100-day Moving Average is at $0.50. The support levels are identified at $0.50 and $0.48, with resistance levels at $0.65 and $0.80. Raribleâs recent adoption of (ARB) fosters a promising future â with its strategic focus on cultivating a creator-centric ecosystem and integrating royalties at the node level, more users and developers could gravitate towards the platform, which may subsequently elevate its value.
Ethereum (ETH): Regulatory Advancements and ETF Prospects
Currently Ethereum is a topic, in conversations as the United States Securities and Exchange Commission (SEC) is looking into a potential rule adjustment that may enable Fidelity Investments to launch shares for a new Ethereum (ETH) exchange traded fund (ETF). Fidelityâs recent SEC filing outlines the firmâs intention for the ETF to track Ether by referencing the Fidelity Ethereum Index. If approved, this ETF, potentially trading under the name ETHF on the Cboe BZX Exchange, could mark a significant milestone for Ethereum.
Optimism (OP): Navigating Market Challenges
Optimism has recorded a 5.60% negative development in the Open Interest contracts. When writing, It had nearly $72.80 Million Open contracts. Moreover, the 24-hour transaction volume surged by 10.7% to $160 Million a day. The community sentiment metrics showcased 80% bullish and 20% bearish sentiments, as per CoinMarketCap.
#CryptoMarketMoves
Telegram Founder Durov Indicted and Released Under Judicial Supervision, Banned from Leaving France
According to Odaily, the Paris Prosecutor's Office issued a press release on Wednesday evening announcing that Telegram founder Pavel Durov has been indicted and released under judicial supervision. As part of the conditions, Durov is required to provide a 5 million euro bond, report to the police station twice a week, and is prohibited from leaving French territory.
This development follows Durov's recent arrest in France, which has drawn significant attention due to his high-profile status as the founder of the encrypted messaging platform Telegram. The judicial supervision terms highlight the seriousness of the charges, though specific details of the indictment have not been disclosed. Durovâs legal team is expected to challenge the restrictions and seek further clarity on the case.
Excepted from Binance News
#TelegramCEO #TON #BinanceBlockchainWeek #CryptoMarketMoves
According to Odaily, the Paris Prosecutor's Office issued a press release on Wednesday evening announcing that Telegram founder Pavel Durov has been indicted and released under judicial supervision. As part of the conditions, Durov is required to provide a 5 million euro bond, report to the police station twice a week, and is prohibited from leaving French territory.
This development follows Durov's recent arrest in France, which has drawn significant attention due to his high-profile status as the founder of the encrypted messaging platform Telegram. The judicial supervision terms highlight the seriousness of the charges, though specific details of the indictment have not been disclosed. Durovâs legal team is expected to challenge the restrictions and seek further clarity on the case.
Excepted from Binance News
#TelegramCEO #TON #BinanceBlockchainWeek #CryptoMarketMoves
Thought on $PEPE Today
Recently, the most worth-following thing about $PEPE Coin is the successful production of PEPE IN GROK. People generally have a positive view of $PEPE Coin and believe that it still has a large pump space in the future. The most noteworthy point to follow is that although PEPE Coin has fallen by 40-50% in the past 30 days, it is still one of the best-performing meme coins in 2024, with a significant gap. The basis for this view is that most of the top 50 altcoins are currently negative YTD.
#CryptoMarketMoves #PepeCoinToTheMoon #pepe⥠#pepeâĄ
Recently, the most worth-following thing about $PEPE Coin is the successful production of PEPE IN GROK. People generally have a positive view of $PEPE Coin and believe that it still has a large pump space in the future. The most noteworthy point to follow is that although PEPE Coin has fallen by 40-50% in the past 30 days, it is still one of the best-performing meme coins in 2024, with a significant gap. The basis for this view is that most of the top 50 altcoins are currently negative YTD.
#CryptoMarketMoves #PepeCoinToTheMoon #pepe⥠#pepeâĄ
Over 1 billion USD of contracts have been liquidated on the entire network in the past 24 hours.
PANews August 4th news, according to Coinglass data, in the past 24 hours, the total liquidation amount of cryptocurrency contracts in the entire network was $1.029 billion, of which $894 million was from long orders and $136 million was from short orders. The total liquidation amount of BTC was $347 million, and the total liquidation amount of ETH was $340 million.
#BTC_MarketPanic_Dip #US_Job_Market_Slowdown #Babylon_Mainnet_Launch #ETH_ETFs_Approval_Predictions #MtGoxJulyRepayments
PANews August 4th news, according to Coinglass data, in the past 24 hours, the total liquidation amount of cryptocurrency contracts in the entire network was $1.029 billion, of which $894 million was from long orders and $136 million was from short orders. The total liquidation amount of BTC was $347 million, and the total liquidation amount of ETH was $340 million.
#BTC_MarketPanic_Dip #US_Job_Market_Slowdown #Babylon_Mainnet_Launch #ETH_ETFs_Approval_Predictions #MtGoxJulyRepayments
Good points below
LIVEBen Walther
--
Why Is The Crypto Market Crashing So Heavily? A Breakdown Of The Current Turbulences.
The recent days have been horrible. Bitcoin has lost almost 20% since hitting 70k, and many altcoins are down 50% or more.
So, whatâs driving this sudden downturn? Itâs not just one factor but rather a combination of several that have converged to create what could be described as the perfect storm.
Here are the main drivers:
Recession Fears
This is most likely the main driver of the latest sales pressure. The specter of a U.S. (and global) recession is looming large, and economic indicators are flashing warning signs. As a result, risk assets like crypto are taking a hit as investors flock to safer havens.
Trump Presidency Odds Decreasing
Political markets are highly intertwined with financial ones, and the decreasing odds of a Trump presidency are shaking things up. Trump is seen as pro-crypto, and he underpinned this with his latest appearance at bitcoin 2024. With his odds declining, some investors are starting to reposition, fearing less favorable policies from other candidates.
Yen Unwind
One of the more technical but significant factors is the unwinding of positions in the Japanese yen. Recently, the Bank of Japan raised interest rates from 0% to 0.25%âa significant move, as itâs the first increase in years.
Many investors had borrowed yen at virtually no cost to fund investments in other assets, taking advantage of the ultra-low interest rates. With the rate hike, these leveraged positions have become more expensive to maintain, leading to a rush to unwind them. This action is creating broader instability in financial markets, including crypto.
Geopolitical Tensions
Rising geopolitical tensions in the Middle East and the ongoing war in Gaza are adding to market uncertainty. These conflicts heighten global risk aversion, with investors pulling out of volatile assets like cryptocurrencies in favor of safer investments. The instability in this region is contributing to the broader sell-off as market participants react to the increasing unpredictability of global events.
Jump Unwinding Positions
Reports indicate that Jump Trading, a major player in the crypto space, is unwinding some of its positions. This kind of move from a large market participant can have a significant impact, leading to further sell-offs as others follow suit or react to the increased volatility.
Gox Distributions
The long-awaited Mt. Gox distributions are adding additional pressure. As former Mt. Gox creditors start to receive their payouts, some are choosing to sell, increasing the supply of Bitcoin on the market and driving prices down.
Recent Pump Trapped Fresh Longs
The recent pump in crypto prices may have trapped many fresh longsâinvestors who entered the market expecting continued gains. As the market turns against them, these positions become liquidated, exacerbating the downward momentum.
Conclusion
Todayâs crypto crash is a result of multiple converging factors rather than a single reason. From political shifts and economic fears to market corrections and geopolitical tensions, itâs clear that weâre facing a perfect storm.
The market is reacting to a complex mix of pressures, and as always, volatility remains a hallmark of the crypto space.
đ Found this useful? Make sure to share and follow me for more!
So, whatâs driving this sudden downturn? Itâs not just one factor but rather a combination of several that have converged to create what could be described as the perfect storm.
Here are the main drivers:
Recession Fears
This is most likely the main driver of the latest sales pressure. The specter of a U.S. (and global) recession is looming large, and economic indicators are flashing warning signs. As a result, risk assets like crypto are taking a hit as investors flock to safer havens.
Trump Presidency Odds Decreasing
Political markets are highly intertwined with financial ones, and the decreasing odds of a Trump presidency are shaking things up. Trump is seen as pro-crypto, and he underpinned this with his latest appearance at bitcoin 2024. With his odds declining, some investors are starting to reposition, fearing less favorable policies from other candidates.
Yen Unwind
One of the more technical but significant factors is the unwinding of positions in the Japanese yen. Recently, the Bank of Japan raised interest rates from 0% to 0.25%âa significant move, as itâs the first increase in years.
Many investors had borrowed yen at virtually no cost to fund investments in other assets, taking advantage of the ultra-low interest rates. With the rate hike, these leveraged positions have become more expensive to maintain, leading to a rush to unwind them. This action is creating broader instability in financial markets, including crypto.
Geopolitical Tensions
Rising geopolitical tensions in the Middle East and the ongoing war in Gaza are adding to market uncertainty. These conflicts heighten global risk aversion, with investors pulling out of volatile assets like cryptocurrencies in favor of safer investments. The instability in this region is contributing to the broader sell-off as market participants react to the increasing unpredictability of global events.
Jump Unwinding Positions
Reports indicate that Jump Trading, a major player in the crypto space, is unwinding some of its positions. This kind of move from a large market participant can have a significant impact, leading to further sell-offs as others follow suit or react to the increased volatility.
Gox Distributions
The long-awaited Mt. Gox distributions are adding additional pressure. As former Mt. Gox creditors start to receive their payouts, some are choosing to sell, increasing the supply of Bitcoin on the market and driving prices down.
Recent Pump Trapped Fresh Longs
The recent pump in crypto prices may have trapped many fresh longsâinvestors who entered the market expecting continued gains. As the market turns against them, these positions become liquidated, exacerbating the downward momentum.
Conclusion
Todayâs crypto crash is a result of multiple converging factors rather than a single reason. From political shifts and economic fears to market corrections and geopolitical tensions, itâs clear that weâre facing a perfect storm.
The market is reacting to a complex mix of pressures, and as always, volatility remains a hallmark of the crypto space.
đ Found this useful? Make sure to share and follow me for more!
đą Good morning everyone, happy Sunday and happy morning. To our followers and subscribers, I wish everyone success, peace, and happiness in the new day.
Everyday, you will definitely get the rewards of the efforts you have shown here to win. What you need to do is to be patient. and stay away from the risks of losing more when you lose with anger. All the sharing about Bitcoin is to ensure that you make more accurate and timely transactions. We don't need followers or subscribers, you can be sure of that. All of our shares have always moved as we said, 90% of the time. We always try to share all the necessary information about what you need to do to win with you. Following these shares will be beneficial for you. Of course, the decision is yours.
#BTC# #ETH# #DOGE# #PEPE# #SHÄ°BA#
Everyday, you will definitely get the rewards of the efforts you have shown here to win. What you need to do is to be patient. and stay away from the risks of losing more when you lose with anger. All the sharing about Bitcoin is to ensure that you make more accurate and timely transactions. We don't need followers or subscribers, you can be sure of that. All of our shares have always moved as we said, 90% of the time. We always try to share all the necessary information about what you need to do to win with you. Following these shares will be beneficial for you. Of course, the decision is yours.
#BTC# #ETH# #DOGE# #PEPE# #SHÄ°BA#
XRP Case Under Fire: Will the SEC Settle the Long-Running Ripple Case and Boost the Price?
The XRP lawsuit has been the topic of hot debate in the crypto world while attracting significant attention from investors. Amid the speculations that Kamala Harris would initiate a more crypto-friendly stance, analysts are keen to predict major potential breakthroughs in the Ripple lawsuit, per the CNF update.
Lawyer James Murphy, known as MetaLawMan on X, dismissed claims that Kamala Harris is becoming more favorable towards crypto, urging the community to focus on actions rather than words. Besides, he also suggested some genuine steps to Harris to initiate a crypto pivot.
This includes acknowledging and revoking Operation Chokepoint 2.0 along with firing the current SEC Chairman Gary Gensler. Moreover, he also asked the Vice President to drop cases against major crypto firms like Coinbase, Ripple, Binance, and Kraken, as well as repeal the controversial SAB 121.
He also called for Custodia Bank to be granted a Federal Reserve master account. Meanwhile, MetaLawManâs comments have sparked discussions, suggesting that a policy shift could significantly impact the legal landscape for digital assets.
The XRP Price Action
The XRP price has been showing strength in the past few weeks eyeing a move all the way to $1, reported Crypto News Flash. As of press time, XRP is trading 1.83% up at $0.6127 with a market cap of $34.2 billion.
XRP remains well above the 50-day and 200-day EMAs, confirming bullish price signals, per the CNF update. A breakout above $0.60 could pave the way for a move towards $0.65, potentially bringing the $0.6609 resistance level into play.
The SEC vs. Ripple case and developments in US politics require close monitoring. Conversely, if XRP falls below the $0.5739 support level, it could signal a decline towards the 200-day EMA. With a 14-day RSI reading of 65.29, XRP might rise to the July 17 high of $0.6378 before entering overbought territory.
As the Ripple vs SEC lawsuit proceeds it will be interesting to see more upward pressure for XRP
The XRP lawsuit has been the topic of hot debate in the crypto world while attracting significant attention from investors. Amid the speculations that Kamala Harris would initiate a more crypto-friendly stance, analysts are keen to predict major potential breakthroughs in the Ripple lawsuit, per the CNF update.
Lawyer James Murphy, known as MetaLawMan on X, dismissed claims that Kamala Harris is becoming more favorable towards crypto, urging the community to focus on actions rather than words. Besides, he also suggested some genuine steps to Harris to initiate a crypto pivot.
This includes acknowledging and revoking Operation Chokepoint 2.0 along with firing the current SEC Chairman Gary Gensler. Moreover, he also asked the Vice President to drop cases against major crypto firms like Coinbase, Ripple, Binance, and Kraken, as well as repeal the controversial SAB 121.
He also called for Custodia Bank to be granted a Federal Reserve master account. Meanwhile, MetaLawManâs comments have sparked discussions, suggesting that a policy shift could significantly impact the legal landscape for digital assets.
The XRP Price Action
The XRP price has been showing strength in the past few weeks eyeing a move all the way to $1, reported Crypto News Flash. As of press time, XRP is trading 1.83% up at $0.6127 with a market cap of $34.2 billion.
XRP remains well above the 50-day and 200-day EMAs, confirming bullish price signals, per the CNF update. A breakout above $0.60 could pave the way for a move towards $0.65, potentially bringing the $0.6609 resistance level into play.
The SEC vs. Ripple case and developments in US politics require close monitoring. Conversely, if XRP falls below the $0.5739 support level, it could signal a decline towards the 200-day EMA. With a 14-day RSI reading of 65.29, XRP might rise to the July 17 high of $0.6378 before entering overbought territory.
As the Ripple vs SEC lawsuit proceeds it will be interesting to see more upward pressure for XRP
đ©žđ©žSpot $ETH ETF Listed on US Stock Market. What to Expectđ©žđ©ž
The US stock markets are set to introduce a spot $ETH ETF, prompting investors to brace for an anticipated surge in volatility. This move signifies a significant step as it indicates a partial recognition of altcoinsâ legitimacy by the US. Historically, after Bitcoinâs acceptance, its value hit record highs, suggesting a potential similar trajectory for Ethereum. Trading is set to begin tomorrow, July 23.
Key Takeaways for Investors
Investors should consider the following points:
1. Monitor Bitcoinâs critical levels for potential new peaks or declines.
2. Recognize the significance of the spot $ETH ETF for Ethereum and similar altcoins.
3. Evaluate Ethereumâs price movements in relation to the $3,425 and $3,600 levels.
4. Stay alert to potential volatility induced by the ETF listing.
The ETF event today is expected to have substantial implications for both Bitcoin and Ethereum, potentially driving significant market movements in the near future.
The post first appeared on BH NEWS: US Lists Spot ETH ETF
The US stock markets are set to introduce a spot $ETH ETF, prompting investors to brace for an anticipated surge in volatility. This move signifies a significant step as it indicates a partial recognition of altcoinsâ legitimacy by the US. Historically, after Bitcoinâs acceptance, its value hit record highs, suggesting a potential similar trajectory for Ethereum. Trading is set to begin tomorrow, July 23.
Key Takeaways for Investors
Investors should consider the following points:
1. Monitor Bitcoinâs critical levels for potential new peaks or declines.
2. Recognize the significance of the spot $ETH ETF for Ethereum and similar altcoins.
3. Evaluate Ethereumâs price movements in relation to the $3,425 and $3,600 levels.
4. Stay alert to potential volatility induced by the ETF listing.
The ETF event today is expected to have substantial implications for both Bitcoin and Ethereum, potentially driving significant market movements in the near future.
The post first appeared on BH NEWS: US Lists Spot ETH ETF
đšđš SECâs Agenda for the Ripple Meeting as XRP Price Pumps đšđš
Whoever is even remotely following the Ripple vs SEC case knows that thereâs a meeting behind closed doors for SEC scheduled on Thursday, July 25th.
Rumors in the crypto community suggest that this meeting is about a potential settlement with Ripple.
On SECâs official website, you can actually see an agenda for this meeting, which includes:
1. Institution and settlement of administrative proceedings;
2. Resolution of litigation claims; and
3. Other matters relating to examinations and 4. enforcement proceedings.
This agenda, while seemingly broad, could indeed point towards discussions about the Ripple case. The mention of âsettlement of administrative proceedingsâ and âresolution of litigation claimsâ aligns with the speculation about a potential Ripple settlement.
However, itâs important to note that the SEC handles numerous cases, and this agenda doesnât explicitly mention Ripple. As such, while the timing is intriguing, itâs crucial to note itâs not 100% that this meeting is indeed about Ripple.
$XRP Price Movements
$XRP pumped from lows of around $0.4 to over $0.63 on July 18th. However, the $XRP price faced resistance here and got rejected all the way to $0.54 levels.
Subsequently, $XRP price pumped over 10% again and is now trading around $0.61.
#XRPGoal #ETH_ETFs_Approval_Predictions #tradingbtc
Whoever is even remotely following the Ripple vs SEC case knows that thereâs a meeting behind closed doors for SEC scheduled on Thursday, July 25th.
Rumors in the crypto community suggest that this meeting is about a potential settlement with Ripple.
On SECâs official website, you can actually see an agenda for this meeting, which includes:
1. Institution and settlement of administrative proceedings;
2. Resolution of litigation claims; and
3. Other matters relating to examinations and 4. enforcement proceedings.
This agenda, while seemingly broad, could indeed point towards discussions about the Ripple case. The mention of âsettlement of administrative proceedingsâ and âresolution of litigation claimsâ aligns with the speculation about a potential Ripple settlement.
However, itâs important to note that the SEC handles numerous cases, and this agenda doesnât explicitly mention Ripple. As such, while the timing is intriguing, itâs crucial to note itâs not 100% that this meeting is indeed about Ripple.
$XRP Price Movements
$XRP pumped from lows of around $0.4 to over $0.63 on July 18th. However, the $XRP price faced resistance here and got rejected all the way to $0.54 levels.
Subsequently, $XRP price pumped over 10% again and is now trading around $0.61.
#XRPGoal #ETH_ETFs_Approval_Predictions #tradingbtc
$AVAX Would It Be Your Next Big Bet In This Upcoming Bull Run and Altcoin Season
$AVAX , the native token of the Avalanche blockchain, is showing promise despite the recent market dip. Avalanche stands out with its super-fast transactions and low fees, making it a favorite for decentralized apps (dApps) and traders alike.
The technology behind Avalanche allows for rapid scaling and interoperability with other blockchains. With more developers and projects flocking to this platform, $AVAX looks poised for strong growth in the next bull run.
If 2021 patterns repeat, this coin could be another blockbuster in your crypto portfolio.
#Avaxđ„đ„ #btcupdates2024 #ETH_ETFs_Approval_Predictions #ETH_ETF_Approval_23July #BinanceTurns7
$AVAX , the native token of the Avalanche blockchain, is showing promise despite the recent market dip. Avalanche stands out with its super-fast transactions and low fees, making it a favorite for decentralized apps (dApps) and traders alike.
The technology behind Avalanche allows for rapid scaling and interoperability with other blockchains. With more developers and projects flocking to this platform, $AVAX looks poised for strong growth in the next bull run.
If 2021 patterns repeat, this coin could be another blockbuster in your crypto portfolio.
#Avaxđ„đ„ #btcupdates2024 #ETH_ETFs_Approval_Predictions #ETH_ETF_Approval_23July #BinanceTurns7
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