#ShareYourThoughtOnBTC The value of bitcoin or any given cryptocurrency remains highly uncertain, and they have all exhibited significant price fluctuations.
$KAIA Kaia is a high performance public blockchain that brings Web3 to the fingertips of hundreds of millions across Asia. Formed through the merger of the Klaytn and Finschia blockchains that were initially developed by Kakao and LINE respectively, Kaia is Asia's largest Web3 ecosystem integrated with the KakaoTalk and LINE messengers that have a combined user base of over 250 million - all of whom can experience Web3 with the ease and speed of Web2 within their favorite messenger superapp to connect, create, collaborate, and contribute to the ecosystem.
#WeAreAllSatoshi I think We are all satoshi ,In our crypto life we all did the same to sell some coins which we think it will remain low but when time pass the same coins goesin tripple digits and we feel That yES I AM SATOSHI #WeAreAllSatoshi #moonbix $BTC $ETH
$HMSTR #neiro #TURBO going down turn.... In the vibrant and ever-evolving world of cryptocurrency, today's standout performers shine brightly against the backdrop of fluctuating market dynamics. EIGEN leads the pack with a commendable rise, showing an increase of 3.02%, marking its price at $3.34. This growth signals strong investor confidence and suggests a bullish trend as EIGEN continues to captivate the market’s attention with its robust performance.
On the flip side, CATI emerges as another significant player with a rise of 5.21%, positioning its value at $0.4763. This uptick not only highlights CATI’s potential in the market but also underscores its resilience amidst market fluctuations, attracting both seasoned investors and newcomers. However, not all coins fared well; HMSTR, NEIRO, TURBO, and 1MBABYDOGE experienced downturns of -4.52%, -2.75%, -1.55%, and -3.88% respectively. These dips might trigger caution among investors, as they could indicate underlying volatility or market corrections.
Investors are advised to keep a keen eye on these fluctuations, as they offer both opportunities and warnings. The performance of EIGEN and CATI could represent emerging trends or significant resilience, possibly forecasting future profitability. Conversely, the declines in HMSTR, NEIRO, TURBO, and 1MBABYDOGE might necessitate a strategic evaluation to understand deeper market sentiments and potential rebounds. As always, a balanced approach combining vigilance and strategic foresight will be key in navigating the crypto market’s complex dynamics.
US CPI inflation declines to 2.9% in July as anticipated
Inflation in the US, as measured by the change in the Consumer Price Index (CPI), declined to 2.9% on a yearly basis in July from 3% in June, the US Bureau of Labor Statistics (BLS) reported on Wednesday. This reading came in line with the market expectation. The annual core CPI, which excludes volatile food and energy prices, rose 3.2%, following the 3.3% increase recorded in July and matching analysts' estimate. On a monthly basis, the
Binance Launchpool & Super Earn: Earn Toncoin (TON) by Staking BNB, TON, and FDUSD
The leading cryptocurrency exchange, Binance, has announced Toncoin as the next project featured on their Binance Launchpool staking platform. The exchange has also introduced a new feature called Binance Super Earn, which allows stakers to earn a special APR for a limited time. Until September 3, you can earn Toncoin (TON) tokens on Binance simply by staking your TON, BNB, or the FDUSD stablecoin. You can withdraw the coins you’ve staked at any time and keep the TON token rewards.
Binance plans to distribute 0.15% of the total TON token supply to users on Launchpool. This translates to 7.65 million TON tokens (worth about $48.5 million at current rates) out of a total supply of roughly 5.11 billion tokens.
What is The Open Network (TON)? The Open Network (TON) is a blockchain-based platform originally developed by the team behind Telegram, a popular messaging app. TON was designed to enable fast, secure, and scalable transactions, with the ultimate goal of supporting a wide range of decentralized applications (dApps) and services.
“Binance Square has always been about building a community-first social platform, and today’s announcement is a step in the right direction. We have built an accessible and inclusive platform for knowledge sharing within the Web3 and crypto space and are excited to have more people join us. Many people, including myself, are already on the platform to engage in some of the most important discussions in Web3.” #BinanceLaunchpoolTON #LowestCPI2021
Today, the cryptocurrency market’s losses mirror extreme selloffs across the global equity market, which have already caused over $1 billion in liquidations.
On Aug. 5, the market capitalization of all crypto assets combined plunged by up to 15.80% to its six-month low of $1.694 trillion. Leading the losses were Bitcoin BTC tickers down $50,171 and Ether ETH tickers down $2,234 , which together control over 70% of the overall crypto market share.
However, on July 31, the Bank of Japan (BOJ) increased its interest rate to 0.25%, raising speculation of further hikes among traders. In contrast, the US Federal Reserve will likely start cutting interest rates in September due to rising unemployment and slower economic growth.
As a result, the yen surged to its best levels versus the dollar since January 2024. This rapid appreciation has disrupted the profitability of the carry trade from the yen to the dollar.
Over $1 billion in crypto liquidations The crypto market decline has picked up momentum further due to $1.08 billion of liquidations in the last 24 hours, of which $919.54 million are longs. Meanwhile, the crypto futures market’s open interest (OI) has dropped by approximately 15% in the same period.