Raising a lot of money in the crypto world isn't easy. It takes a solid plan, a great team, and a promising project. The FATTY ecosystem has all of these, and it shows. They raised an impressive $1.5 million in just the first 12 hours of their presale. This big achievement shows how much people believe in FATTY's vision.
FATTY is inspired by the old-school Tamagotchi games, where you care for a virtual pet, but FATTY takes this idea and makes it modern with ways to earn while you play. Adding to their credibility, FATTY partnered with UFC Champion Jiří Procházka and launched a catchy song on Spotify, which you can listen to now
Exciting Plans and Big Thanks to the Community
The #FATTY team isn't stopping after the successful presale, as they have big plans for the future. One of their main goals is to create the FATTY Academy, where people can learn about crypto and gaming. They also plan to open a merch store where fans can buy cool FATTY-branded items.
The FATTY team is grateful for the community's support, which helped them raise $1.5 million in just 12 hours. As such, they are committed to improving the ecosystem. 
By the end of the year, they plan to add more mini-games to the FatBoy Game, making it more fun and engaging. They also plan to improve FatBot with more advanced features, making it a powerful tool for traders.
The FATTY Ecosystem: FatBoy Game and FatBot
The FATTY ecosystem is all about providing a fun and rewarding experience. At its heart is the #FatBoy Game, a new take on the Tamagotchi-style game. In this game, you keep your FatBoy character happy by doing different daily activities, such as brain games, sports challenges, and cooking tasks. 
When you do well in these activities, you earn FATTY tokens, a fun way to make money while playing.
Another important part of the FATTY ecosystem is #FatBot , a tool designed to make trading easier and safer. FatBot offers advanced trading features like block zero sniping, limit orders, and auto-trades. It makes trading more efficient and secure, which is great for serious traders. 
Therefore, if you hold FATTY tokens, you get access to special features in FatBot, like automatic #MEME screening and sniping, giving you an edge over others.
FATTY Tokens and Community Support
FATTY tokens are the core of the ecosystem, giving community members many benefits. These tokens can be used for various things within the ecosystem, like playing the FatBoy game or using the advanced features of FatBot. 
Moreover, the FATTY tokens are more than just digital money; they give you a stake in the project's future and are a way to engage deeply with the community. Thus, investing in FATTY tokens offers several advantages. 
The ecosystem focuses on secure transactions and sustainable ways to earn money, making FATTY tokens valuable assets. Support from big names like UFC Champion Jiří Procházka and the catchy song on Spotify also help boost the project's visibility and credibility.
Buying FATTY tokens during the presale is a smart move for those who want to join the FATTY ecosystem. It's a great chance to get in early and potentially see big returns as the project grows. 
To buy FATTY tokens during the presale, visit the official website, connect your compatible wallet, choose your payment method, select the number of tokens you want, and complete the transaction.
It's easy and straightforward to become part of this exciting project.
By holding FATTY tokens, you can enjoy the innovative features and opportunities within the ecosystem. Whether you're a gamer, trader, or investor, FATTY offers a dynamic and rewarding experience.
Find More About FATTY on FATTY.io
By joining the fun today, you will become a part of something extraordinary!

How do you know your #MEME game is getting your earnings pumped? Well, if they raise almost $1.5 M in the first 12 hours and with the help of its community, almost without any marketing, then you've found your champion!
This is the case with Fatty.io , the latest MEME game within the $FATTY ecosystem. But it is more than a game; it is an immersive journey through fun, excitement, engaging challenges, and a thriving and growing community.
The FATTY Ecosystem
The Fatty.io ecosystem is probably one of the most diverse at the moment, especially if we think of crypto MEMEs andgames. #FATTY is so much more than just FatBoy. Of course, FatBoy has its charm, and nobody can deny it, but the magic happens when you discover how much more you can do once you start playing it. 
#FatBoy is your ticket to the FATTY ecosystem, offering you a fun journey and plenty of earning opportunities. 
#FATBOT allows users to gain a technological advantage over retail by setting up a bot and sniping memes or altcoins from the very first second of trading. The platform offers fast trades, auto sniping, copy trading, trading analysis, buy/sell limits, and, probably most importantly (at least for some users), scam protection and an anti-rug mechanism. Besides, FATBOT is accessible from both desktop and mobile devices, and it developed a bot academy that can help new users set up their first bot. 

The Presale
As we mentioned before, FATTY focuses on making users’ crypto experiences better with each day that passes, encouraging them to take advantage of everything it offers. 
At the moment, FATTY is holding its first token presale event. The presale started on July 4, 2024, and the surprising and heartwarming thing is that the project managed to raise almost $1.5 million of its $1.8 million goal in the first 12 hours of the event. This is living proof of FATTY’s engaged community and the trust it puts into the crypto project.
The presale event will be divided into multiple phases with various prices for the FATTY token, the project.

Discover the World of FatBoy: Everything You Need to Know!
Ever miss those virtual pets like Tamagotchis or The Sims? FatBoy brings back that nostalgia with a modern twist: you can earn money while playing!
This innovative game lets you pick your chubby FatBoy and raise it like a MEME Tamagotchi. Plus, you can earn $FATTY tokens while you play, so double the fun, right?
And the best part? FatBoy is free to play for everyone. You don't need cryptocurrency to join the fun via Web2. But if you're into crypto, come to the Web3 side, as there are ways to earn even more!
Even the UFC Champion, Jiří Procházka, is a big fan of the FatBoy game. Thus, he joined the FatBoy characters in many exciting challenges, promoting the project and having loads of fun! You can watch the trailer on the official YouTube channel.
How to Become a Master FatBoy
Choose Your Perfect Pal;Become a Top Caretaker: Keep your little buddy well-fed, entertained, and smiling to earn $FATTY tokens.Unlock the Fun Factor: Spoil your FatBoy with awesome gear and adorable pets.Join the Mini-Game Mania;Reap the Rewards;
As you can see, the P2E game mechanics are simple, and the more you play and keep your FatBoy happy, the more rewarded you'll be! Choose from a hilarious cast of characters like Fat Don, Fatcz, Fat Kim, and many others, and note that each FatBoy has unique personality traits, levels, and "luck" stats!
Moreover, these quirky companions come in four rarities: Common, Rare, Epic, and Ultra, and each tier offers different gameplay advantages and, of course, crypto-earning potential.
So, are you ready to join the fun? Download the game on your iOS or Android device, and get ready to meet your new best friend.
$FATTY: More Than Just Rewards
Many P2E games focus solely on in-game rewards, neglecting the needs of the entire ecosystem and its community. As such, this often leads to issues with presales, marketing, and long-term sustainability.
However, FatBoy takes a different approach through its innovative blockchain project, prioritizing sustainability, which can be seen in its tokenomics approach.
You could think of it as a well-rounded pizza that is delicious and satisfying for everyone involved.
FATTY Tokenomics

The total supply is 1,000,000,000 and has an initial market cap of $991,000:
41% Presales;7% VC round;5% FatBoy team;12% Liquidity pools;10% Staking; 10% In-game rewards;1% Beta testing;2% Advisors;11% Marketing;1% Initial DEX Offering.
The $FATTY ecosystem includes more beneficial products, such as FatBot, a trading bot, and $FATTY Staking, but more is to come! So, brace yourselves; the FATTY Analytics, Store, and Academy will soon launch!

XRP, one of the leading cryptocurrencies, experienced significant volatility today as massive whale movements were observed. On-chain data reveals that XRP whales transferred nearly 106 million coins between various crypto exchanges over the past 24 hours, coinciding with Ripple's token struggling around the $0.56 price level.
XRP Whales Spark Speculation with 106M Coin Transfers
Data from Whale Alert indicates that XRP whales have moved a staggering 106.97 million coins across multiple exchanges within the last day. These transactions included both large accumulations and significant dumps, leading to increased market speculation.
Of the 106 million XRP coins moved, whales accumulated 51.89 million coins, while 55.08 million coins were collectively dumped on various exchanges. Specifically, 21.89 million coins, worth approximately $12.29 million, were accumulated from Bittrex, while 30 million coins, valued at $16.97 million, were transferred from Ripple to an unknown wallet.
On the other hand, a whale offloaded 27.64 million coins to Bitstamp and another 27.44 million coins to Bitso. These transactions have created a mixed market sentiment, as some whales appear to be hoarding XRP, while others are offloading their holdings.
Ripple's Token Market Performance
At the time of writing, XRP is trading at $0.5674, reflecting a modest 0.31% increase over the past day. The token's 24-hour trading range has seen lows of $0.5525 and highs of $0.5727, showcasing its turbulent price movement.
According to a recent price analysis by CoinGape Media, XRP currently exhibits key buy signals, holding above both the 20-day and 50-day Exponential Moving Averages (EMAs), which suggests a bullish trend. Additionally, the analysis highlights that a Moving Average Convergence Divergence (MACD) buy signal could potentially drive the price up to $0.69. However, the current whale activity and market technicals have introduced uncertainty about whether this rally will materialize.
Further complicating the outlook, data from Coinglass shows a 0.21% increase in XRP's futures open interest (OI) to $621.95 million, while the derivatives trading volume decreased by 2.97% to $1.34 billion, adding to the uncertain market sentiment.
The Road Ahead for XRP
Despite the mixed signals from whale movements and market technicals, there remains a wave of optimism surrounding XRP, particularly following Ripple's recent success in its legal battle with the SEC. This victory has bolstered confidence in XRP's long-term prospects, even as short-term market dynamics present challenges.
As the market watches closely, the question remains: will XRP overcome the current headwinds and achieve the anticipated rally to $0.69? Only time will tell as the token navigates the complexities of whale activity and broader market trends.
$XRP #Ripple #XRP

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Former President Donald Trump has become a notable figure in the cryptocurrency market, holding between $1 million and $5 million in Ethereum (ETH) and earning millions from non-fungible token (NFT) deals. These financial details were recently disclosed in election filings, highlighting Trump’s active involvement in the digital asset ecosystem as he prepares for the upcoming U.S. presidential election.
Trump’s Ethereum Investment
Recent asset disclosures from the U.S. elections reveal that Trump’s Ethereum holdings are valued between $1 million and $5 million, making him a significant participant in the cryptocurrency market. According to Arkham Intelligence, Trump’s Ethereum wallet is currently valued at approximately $3.6 million, underscoring his substantial investment in digital currencies.
Profits from NFTs
In addition to his Ethereum holdings, Trump has capitalized on the ongoing NFT boom, reportedly earning over $7 million from a licensing deal with NFT INT. His wife, former First Lady Melania Trump, has also ventured into the NFT space, generating $330,609 from NFT sales.
Trump Family’s Growing Interest in Crypto
The Trump family’s involvement in the cryptocurrency industry extends beyond the former president. Donald Trump Jr. recently announced a new cryptocurrency and decentralized finance (DeFi) project, launching a Telegram group called “The Defiant Ones” to promote it. This group has quickly gained traction, attracting over 11,000 members within days. The initiative aims to provide the public with insights into the family’s anticipated crypto project.
Sales data from OpenSea indicates that Trump’s digital ventures are profitable, with his Trump Digital Trading Cards trading for more than 15,808 ETH. Trump has also hinted at the release of another NFT collection, signaling his ongoing interest in the digital asset space.
Community Reactions and Political Implications
The cryptocurrency community has closely monitored the involvement of political figures like Trump in the digital currency sector. Although Trump has previously expressed support for cryptocurrencies, he did not address this particular investment during recent appearances, including his conversation with Elon Musk on X Space or his latest press conference.
Nevertheless, Trump’s cryptocurrency investments, along with his family’s engagement in other crypto-related businesses, are seen as positive indicators for the growth of the digital sector.
In contrast, recent events like the “Crypto For Harris” town hall have faced criticism, with Tyler Winklevoss labeling it a “clown show.” These responses reflect the ongoing political debate surrounding cryptocurrency regulation and its role in the broader economic landscape.
$ETH #Trump #Ethereum #ETH #NFT

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

As the US presidential election approaches, discussions about the economy and the national debt are heating up. Among the various proposals, a Bitcoin reserve has emerged as a potential solution to address the growing national debt, a concept supported by figures like former President Donald Trump and Senator Cynthia Lummis. Recently, River, a US-based Bitcoin exchange, released a report suggesting that a Bitcoin reserve could significantly help reduce the national debt.
The Growing National Debt and Bitcoin’s Potential
The United States, a global leader in technology and military power, is currently grappling with a staggering $35.14 trillion in federal debt, according to U.S. Treasury Fiscal Data. With no clear solution in sight, some analysts and industry experts are exploring alternative strategies, including the idea of a Bitcoin reserve.
River’s report outlines how managing a reserve of Bitcoin, the world’s most popular cryptocurrency, could be a viable way to tackle the national debt. The report suggests that if the US government were to hold 5% of the total Bitcoin supply, it could significantly reduce the debt burden. Given Bitcoin’s average annual growth of over 60% over the past decade, it represents a high-return investment that could outpace traditional money-printing methods.
Historical Precedents and Global Examples
El Salvador, a small country in Central America, has already implemented a strategic Bitcoin reserve, currently holding 5,800 BTC (valued at $340 million). This investment has proven profitable, yielding a 38% return, which has contributed positively to the country's economy. The success of El Salvador’s Bitcoin strategy has fueled speculation that the United States could achieve similar results, potentially using profits to pay down its national debt.
At present, the US already holds 213,246 BTC, more than any other country. River’s report highlights that this existing reserve provides a strong foundation. If the US were to increase its holdings to 5% of the total Bitcoin supply, it could significantly impact the national debt.
Advocates for a Strategic Bitcoin Reserve
The idea of a Bitcoin reserve is not new. Former President Donald Trump has previously floated the concept, and Senator Cynthia Lummis has been a vocal advocate for it. During the Bitcoin Conference 2024, Lummis proposed that the US government should acquire one million Bitcoin (equivalent to 5% of the total supply) over the next five years to tackle the national debt. She believes that this strategy could reduce the national debt by 50% by 2045.
The Path Forward
While some, like financial author Robert Kiyosaki, have expressed concerns about a potential Bitcoin crash, others see the strategic Bitcoin reserve as a viable solution to the US national debt crisis. River’s report adds weight to the argument, suggesting that holding 5% of Bitcoin’s total supply could play a crucial role in reducing the debt.
As the debate continues, the idea of a Bitcoin reserve is gaining traction, and it may become a significant topic in the upcoming election. Whether this strategy will be adopted remains to be seen, but it presents an intriguing possibility for the future of the US economy.
$BTC #BTC #Bitcoin

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Pepe (PEPE) is currently under significant bearish pressure, with technical indicators suggesting the potential for further downside. The price of PEPE has been declining throughout the week, and its close correlation with Ethereum (ETH), which has also experienced negative movement, is likely contributing to this downturn.
Bearish Momentum Continues for PEPE
Despite a slight decrease in the overall crypto market cap by 2.1% and positive netflows for Bitcoin ETFs, PEPE's price has dropped by 0.9%. The high correlation between PEPE and Ethereum is a key factor, as the recent negative netflows in the ETH ETF on August 15 led to a 2.9% drop in Ethereum's price, further influencing PEPE's performance. As a result, PEPE is struggling to hold up against the persistent sell pressure.
Mixed Signals from Exchange Netflows
PEPE's exchange netflows present a mixed picture. On August 15, PEPE's exchange reserves dropped by 1.44 trillion tokens (worth $10.89 million), which is typically a bullish signal indicating that investors are holding onto their tokens for the long term. However, despite this reduction in exchange reserves, PEPE's price continued to decline, losing 4% over the past 24 hours to trade at $0.00000751.
This discrepancy could be due to investors shifting their PEPE tokens to other exchanges or decentralized platforms to capitalize on arbitrage opportunities. Additionally, data from Coinglass shows that PEPE's open interest (OI) and Cumulative Volume Delta (CVD) are both decreasing, indicating that traders are closing their long positions, likely resulting in losses. The funding rate (FR) is currently negative, further suggesting that shorts are building up, potentially driving the price down even more.
Adoption Remains Strong Despite Price Decline
Despite the ongoing price struggles, PEPE continues to see strong adoption. According to CoinCarp, PEPE has been adding an average of 430 new holders per day over the past 30 days, a level of consistent growth typically seen in more established coins like Bitcoin, Ethereum, and Solana. This steady increase in adoption is a bullish signal for PEPE and could indicate a future price recovery.
Technical Analysis Points to Further Downside
Technical analysis shows that PEPE is maintaining a broader downward trend. A recent breakdown from a symmetrical triangle pattern, confirmed by a large red candle, indicates a strong bearish breakout and the continuation of the downtrend. PEPE is likely to find support around the $0.00000680–$0.00000700 range, which corresponds to its previous low. If the price bounces from this support level, it could form a double-bottom bullish reversal pattern, potentially leading to a significant rally of over 105% to $0.00001280.
However, indicators like the Bollinger Bands and Chaikin Money Flow (CMF) suggest that PEPE is currently in an oversold condition, with money flowing out of the asset, supporting the bearish outlook. While the longer-term trend remains downward, the continued adoption of PEPE could spark a trend reversal. A successful test and bounce from the $0.00000650 support zone could complete a potential bullish reversal pattern, with the next target set at $0.00001280.
In summary, while PEPE faces significant bearish pressure in the short term, its strong adoption rates and potential for a bullish reversal offer a glimmer of hope for the future. Investors should closely monitor key support levels and market conditions to navigate this challenging period.
$PEPE #pepe

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Last week, a federal judge ordered Ripple to pay $125 million after ruling that the company violated federal securities laws with its direct sales of XRP to institutional clients. This amount is a fraction of the $2 billion the SEC originally sought and brings the nearly four-year-long case closer to an end—though the final chapter may not yet be written.
The Case So Far
The SEC filed a lawsuit against Ripple in December 2020, alleging that the company’s sale of XRP constituted an unregistered securities offering. The case has been one of the longest and most contentious between the SEC and a crypto company, outlasting previous cases against companies like Kik and Telegram, which settled relatively quickly. Ripple chose to fight the charges, resulting in a protracted legal battle that has been closely watched by the entire crypto industry.
In July 2023, Judge Analisa Torres ruled that while Ripple violated federal securities laws in its direct sales of XRP to institutional clients, the company did not break any laws in its sales to exchanges, which then sold the tokens to retail clients. The SEC attempted to appeal parts of this decision but was denied. In October, the SEC also dropped charges against Ripple’s CEO Brad Garlinghouse and Chairman Chris Larsen. The latest ruling imposes a $125 million fine on Ripple and an injunction against future violations.
Ripple’s Victory and the SEC’s Response
Although both Ripple and the SEC can claim some level of victory, Ripple clearly came out ahead in this case. The $125 million fine is significantly lower than the $2 billion the SEC sought, and Ripple’s overall business practices—especially its sales to retail clients—were largely vindicated.
An SEC spokesperson claimed victory by highlighting the civil penalties imposed on Ripple, stating that the ruling reflects the seriousness of Ripple’s violations. However, the SEC has not indicated whether it will appeal the July 2023 ruling.
Ripple’s Chief Legal Officer, Stuart Alderoty, argued that the ruling is a significant victory not just for Ripple but for the crypto industry as a whole. He emphasized that the judge rejected the SEC’s broader claims and noted that there were no allegations of fraud, market manipulation, or misappropriation of funds in this case.
The Impact on the Crypto Industry
The ruling on secondary market trades is particularly significant. Patrick Daugherty, head of Foley and Lardner’s digital assets practice, pointed out that this aspect of the ruling is a key loss for the SEC, as it weakens the agency’s position in other cases where tokens have been trading on exchanges for years.
The penalties Ripple faces are relatively straightforward. Ripple can easily cover the $125 million fine, and the judge did not find that institutional investors were specifically harmed by Ripple’s actions. This outcome may set a challenging precedent for the SEC in future cases, making it harder for the regulator to argue for large penalties in similar situations.
The injunction imposed by the judge is also unlikely to have a significant impact on Ripple’s operations. Alderoty described it as a standard “obey the law” injunction, which is procedural rather than punitive.
Will There Be an Appeal?
If the SEC chooses to appeal—or if Ripple decides to challenge its loss in the institutional sales aspect—both parties have 60 days from the ruling's publication to file a notice. However, it would be difficult for the SEC to appeal the remedies ruling, which includes the $125 million fine.
Alderoty advised against an appeal, emphasizing the finality of the judgment. He suggested that even if the SEC does appeal, it is unlikely to change the outcome significantly.
However, some legal experts believe the SEC might still appeal the ruling on secondary market trades, as it sets a challenging precedent for the regulator’s ongoing strategy of classifying all tokens as securities.
The Broader Implications
While this case is a major victory for Ripple, its broader implications for the crypto industry remain unclear. Christopher LaVigne, a partner at Withers, noted that the piecemeal nature of court decisions is not providing the clarity that companies in the industry have been seeking. The rulings so far have not moved the needle significantly, leaving many questions unanswered.
As the crypto industry continues to navigate an uncertain regulatory landscape, the Ripple case serves as both a cautionary tale and a potential roadmap for other companies facing similar challenges. Whether this case will ultimately lead to clearer guidelines for the industry remains to be seen.
$XRP #XRP #Ripple

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Bitcoin's weekly chart is signaling a potential downturn, with a bearish divergence that suggests a possible 20-30% drop. As Bitcoin nears key resistance levels, analysts are bracing for a significant decline, which could pave the way for a major altcoin (ALT) season.
Bearish Divergence Signals Bitcoin Downturn
Bitcoin's weekly chart is flashing warning signs, with a clear bearish divergence highlighted by red lines showing a widening gap between price and momentum. As Bitcoin approaches a critical resistance level, marked by blue circles on the chart, many analysts anticipate a sharp downturn reminiscent of past market patterns.
A Potential Four-Month Altcoin Rally
While Bitcoin faces the possibility of a decline, altcoins may be on the brink of a rally. The last major ALT season in 2021 lasted approximately four months and coincided with a significant drop in Bitcoin's dominance. Historical patterns suggest that a similar ALT season could be on the horizon, triggered by Bitcoin's potential pullback. This could present short-term gains for investors focusing on altcoins as Bitcoin retreats.
Projected 20-30% Decline for Bitcoin
The anticipated drop in Bitcoin is projected to be between 20-30%, as indicated by the pink box on the chart. The Relative Strength Index (RSI) is also expected to hit the 20 level, aligning with the lower boundary of the current channel. This scenario mirrors historical market cycles, where rapid market shifts have caught traders off guard.
The speed at which these changes occur is crucial; a phrase often used in trading, “blink, and you will miss it,” aptly describes the potential rapidity of these developments. Market participants need to stay informed and vigilant as these shifts unfold.
Timing is Key
Bitcoin’s bearish divergence may indeed set the stage for an explosive altcoin season, but timing will be critical. As the market braces for these changes, investors should be prepared for quick movements and potential opportunities in the altcoin market.
$BTC #Bitcoin #BTC #altcoins #Altcoins👀🚀

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Market participants may be overly optimistic about the likelihood of aggressive interest rate cuts by the United States Federal Reserve, according to a portfolio manager, raising concerns about potential risks for the crypto market.
Market Optimism May Be Premature
Justin Elliot, a portfolio manager at Caldwell Investment Management, cautioned that the Federal Reserve may not cut interest rates as much as some investors are expecting. Despite widespread anticipation within the crypto industry for a rate cut in September, Elliot believes that the market may be getting ahead of itself.
"The market pricing in 100 basis points of cuts by the end of the year is a potential risk, and it is potentially getting ahead of itself. There is nothing to support that thesis," Elliot said in an interview with Bloomberg on August 14.
Doubts About the Fed's Approach
Elliot expressed doubts about the expected level of aggression from the Fed in cutting rates. He pointed out that while inflation is moving in the right direction, the economy is still performing well, with strong retail sales indicating that it may not be slowing down as much as some believe.
"If you're of the view that the economy will continue to soften and ease up from here, then we think there is a risk that even the new outlooks might be a little too optimistic and could potentially see some estimate cuts as the year goes on," Elliot added.
This caution is particularly relevant to Bitcoin investors, many of whom are banking on rate cuts to drive the cryptocurrency past its current all-time high of $73,679. High interest rates tend to make safer investments like bonds and term deposits more attractive, potentially diverting investment away from riskier assets like Bitcoin. Conversely, lower rates often encourage investors to seek out higher-risk assets, which could boost Bitcoin's price.
Recent CPI Data and Bitcoin's Response
Elliot's comments follow the release of July's Consumer Price Index (CPI) data by the U.S. Bureau of Labor Statistics on August 14, which showed an annualized price increase of 2.9%—the slowest rate of increase since 2021. Following this announcement, Bitcoin's price dropped by approximately 3%, falling below the crucial $60,000 level to $58,897, according to CoinMarketCap data.
The decline in Bitcoin's price may have been driven by diminished hopes for a more dovish rate cut, according to Eliézer Ndinga, head of strategy and business development for digital assets at 21Shares.
Crypto Industry Remains Hopeful
Despite these concerns, the broader crypto industry remains hopeful for a rate cut in September, a prospect that has been speculated on for months. Andre Dragosch, head of research at ETC Group, expressed optimism in a recent social media post, stating, "U.S. inflation will continue to decelerate, further strengthening the case for Fed rate cuts."
Similarly, Michael van de Poppe, founder of MN Trading, suggested that positive CPI data could increase the likelihood of a rate cut, which in turn could trigger upward price action for Bitcoin.
Zach Pandl, head of research at Grayscale, echoed this sentiment, telling Cointelegraph that "rate cuts are likely a necessary condition for sustained weakness in the U.S. dollar and fodder for Bitcoin to retest its all-time highs."
"Fortunately for crypto investors, the incoming data may be a signal for lowering rates sooner rather than later," Pandl added.
Conclusion
While there is optimism within the crypto industry about potential Fed rate cuts, experts like Justin Elliot urge caution, noting that the market may be too confident in expecting aggressive action from the Federal Reserve. The outcome of these rate decisions will be crucial for Bitcoin's future price movement, particularly as it faces significant resistance at current levels.
$BTC #Bitcoin #BTC

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The debate over Ethereum's gas fees has long been a hot topic in the crypto community. Critics often argue that these fees are either excessively high or, more recently, too low, especially as rollups have helped reduce them. However, during the market crash on August 4-5, gas fees spiked dramatically, reigniting the discussion. So, which is it? Are Ethereum's gas fees too high or too low?
The Reality: Everything Is Working as Intended
The surprising answer is that Ethereum’s gas fees are functioning exactly as they should. Periodic spikes in fees are a natural occurrence in a system where demand for secure block space can fluctuate wildly, much like any other market for scarce resources, such as oil or electricity. Critics who see these spikes as a problem may have a flawed understanding of what the future of crypto should look like.
Understanding the Modular Scaling Philosophy
At the heart of this issue is a fundamental difference in how blockchains are perceived. In a modular scaling system, blockchains aren’t just networks processing transactions—they’re marketplaces for a scarce asset: secure block space. This space is continuously auctioned off to the highest bidder, typically either a large-scale investor (a whale) or a wholesale buyer like a layer 2 solution.
In contrast, monolithic chains operate on the principle of serving everyone equally, which is unsustainable because blockchains, unlike the internet, must prioritize certain transactions to ensure security and predictability. Delays in financial transactions can have catastrophic consequences, which is why tiered services and costs are necessary.
Imagine if the postal service charged the same for a second-class postcard as it did for an overnight package. It wouldn’t work—everyone would opt for the faster service, leading to unsustainable demand. In a modular blockchain system, however, the focus shifts. High fees at the base layer (L1) are acceptable because they primarily affect large transactions that can absorb the costs, while smaller transactions move to layer 2 (L2) solutions that offer lower fees.
The Role of Layer 2 Solutions
The key players in a modular L1 system, like Ethereum, include large transaction processors and wholesale providers such as rollups. These entities can weather short-term spikes in gas fees because they maintain healthy profit margins during periods of normal activity. This is similar to how airlines and gas stations manage fluctuations in oil prices: they absorb losses during price spikes and gradually adjust their own prices if high costs persist.
However, during the August 4-5 market crash, even rollup gas fees spiked, challenging the theory that L2 solutions should buffer users from such volatility. This anomaly is likely due to the immaturity of the rollup fee market. As competition among L2 solutions intensifies, we can expect these platforms to stabilize their pricing, perhaps even marketing themselves on their ability to manage fee volatility. Over time, sequencers on L2s might reserve profits during good times to cushion against bad times, much like businesses in other sectors.
The Future of Gas Fees: Abstraction and User Experience
Looking ahead, it’s likely that most gas fees will be abstracted away from end-users, especially retail customers. This trend is already visible in some areas, such as USD Coin (USDC) transactions on the Base layer. The ability to treat gas costs as a loss leader is one of the attractions of launching a new L2, and this strategy is also being adopted by decentralized applications (dApps) and wallet providers. For example, UniswapX is absorbing part of the gas fees due to Miner Extractable Value (MEV) practices, which improves user experience.
While this kind of user-friendly development could happen on a monolithic chain, it’s more likely to be stable and sustainable on a modular one. As the crypto ecosystem matures, the debates over gas fees may shift from whether they are too high or too low to how effectively they are managed across different layers of the blockchain.
$ETH #Ethereum #ETH

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

On August 14, the U.S. government moved 10,000 Bitcoin (BTC), worth approximately $593.5 million, to its preferred crypto brokerage platform, Coinbase Prime, according to Arkham Intel. This transfer marks another significant movement of Silk Road-related Bitcoin by U.S. authorities, who had sent this tranche to the wallet “bc1ql” two weeks prior.
Market Impact and Speculation
Following the news, Bitcoin's price dropped by 3.6%, although the decline began before Coinbase Prime received the seized funds. After an initial market spike driven by positive Consumer Price Index (CPI) data, Bitcoin was trading around $59,100.
The transfer has sparked speculation about the U.S. government's intentions regarding its Bitcoin holdings, particularly as the country approaches the winter elections. In late July, the government also moved $2 billion worth of Bitcoin, with the recipient believed to be Coinbase. This followed former President Donald Trump's pledge to create a strategic Bitcoin reserve, leading some to wonder if the current administration might offload a portion of its BTC holdings ahead of the elections.
Despite these transfers, the U.S. remains the largest sovereign holder of Bitcoin, with more than $11 billion in BTC.
Political Support and Market Pressure
Meanwhile, U.S. Senator Ted Cruz has voiced support for Bitcoin, calling the cryptocurrency a “reservoir of power” for Texas's power grid systems during a speech at the Texas Blockchain Council.
The recent movements of government-held Bitcoin have raised concerns about increased sell pressure and market volatility, particularly if the U.S. government decides to liquidate some of its holdings on Coinbase. This sell pressure is compounded by ongoing repayments to Mt. Gox customers, with crypto exchange BitGo recently receiving $2 billion in BTC from the Mt. Gox Trustee.
How the market will absorb this potential increase in sell demand remains uncertain, but inflows into spot Bitcoin exchange-traded funds (ETFs) could help mitigate any potential dips in the market.
$BTC #Bitcoin #BTC

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Despite a recent price drop, Cardano (ADA) has shown resilience against Bitcoin, outperforming it slightly in recent trading. However, mixed indicators suggest that ADA may face further downside potential as it struggles to break above key resistance levels.
Cardano's Struggle with Key Resistance Levels
Cardano's price has been grappling with key moving averages that are currently acting as resistance points. The much-anticipated Chang hard fork upgrade failed to generate the expected price volatility, leaving ADA in a precarious position. Bitcoin’s price volatility on August 14 caused ADA to dip, but the asset managed a quick recovery. However, spot trading data reveals a bearish sentiment surrounding ADA, exacerbated by a stagnant user base.
Mixed Indicators Impacting ADA’s Performance
Over the last 24 hours, ADA's price dropped by 1.1%, trading at $0.337. Despite this decline, ADA has performed well against Bitcoin, gaining 3.8% relative to the leading cryptocurrency. This trend is mirrored across the market, with XRP gaining 2.8% and Solana rising 4.3% against Bitcoin.
A closer examination of Cardano’s network and trader behavior reveals underlying weaknesses. Despite the buzz around the Chang hard fork, key metrics suggest that the network is in a challenging state. According to IntoTheBlock, the number of active addresses with balances has remained stagnant at around 4.45 million for over a year, reflecting a lack of network growth.
Interestingly, despite this stagnation, the number of long-term holders has reached an all-time high, with over 40% of ADA’s total supply being held by these investors. This indicates a high level of confidence in Cardano’s future, which could be seen as a bullish sign.
However, traders appear less optimistic. Data from Coinglass Liquidation Map shows a bearish sentiment, with cumulative long liquidation leverage at $2.28 million, lower than the cumulative short liquidation leverage of $3.05 million on August 14. This imbalance suggests that traders are expecting further downside for ADA, as they anticipate continued pressure on the price, possibly influenced by the U.S. government’s movement of Bitcoin from the Silk Road wallet.
This sentiment is reinforced by the fact that ADA is hovering close to a key resistance level at $0.34, where significant selling pressure has been observed.
ADA Price Forecast: Watching the $0.30 Level
Cardano’s price is currently in a downtrend, with immediate support likely around $0.31 and the psychologically significant level of $0.30. The narrowing Bollinger Bands suggest a period of reduced volatility, which could lead to a breakout from the current rising channel and a subsequent expansion of these bands.
The Moving Average Convergence Divergence (MACD) indicator remains negative, signaling continued bearish momentum. A potential bullish move could be indicated by a crossover of the MACD line above the signal line, but this has not yet occurred. Additionally, the Chaikin Money Flow (CMF) indicator shows mild buying pressure at 0.08, but it is not strong enough to suggest a reversal.
Conclusion
In summary, despite a 21% gain over the past two weeks, Cardano continues to face downward pressure due to bearish trader sentiment and stagnant network growth. The price could drop to the $0.30 level, which may present a potential buying opportunity for a rebound. However, the overall outlook remains cautious, with traders and investors closely watching key support and resistance levels for signs of the next move.
$ADA #ADA #Cardano

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Marathon Digital (NASDAQ: MARA), a leading Bitcoin mining company, has announced the acquisition of 4,144 Bitcoins worth $249 million. This strategic purchase is part of Marathon's long-term plan to strengthen its balance sheet and reduce debt. The acquisition occurred within two days after the company successfully raised $300 million through a convertible note offering.
Details of the $300 Million Convertible Notes Offering
The total value of the convertible notes issued by Marathon Digital is $300 million, which includes an additional $50 million in notes purchased by the initial buyers under an option exercised on August 13. The purchase of the Bitcoins was completed by August 14, 2024.
According to Marathon Digital, the Bitcoins were acquired at an average price of $59,500 per BTC between August 12 and August 14, 2024. The $300 million in convertible notes are unsecured, senior obligations with an interest rate of 2.125% per annum, payable semi-annually starting from March 1, 2025. The notes will mature on September 1, 2031.
In an official statement, Marathon Digital highlighted the strategic importance of this acquisition:
"Our new initiative with the convertible notes issuance positions us to take advantage of favorable market conditions and enhance our operational capabilities, aligning with our long-term financial goals and reinforcing our belief in Bitcoin’s potential as a highly accretive asset."
Marathon Digital's Continued Investment in Bitcoin
This is not the first time Marathon Digital has made significant investments in Bitcoin. In 2021, the company invested $150 million in BTC, which remains on its balance sheet. Earlier this year, Marathon also purchased $100 million worth of Bitcoin from the open market, making it the second-largest corporate holder of BTC after MicroStrategy. With this latest acquisition, Marathon Digital now holds a total of 25,000 BTC.
Despite recent market volatility, with Bitcoin trading down 4.35% at $58,447.00 and a market cap of $1.153 trillion, Marathon Digital remains committed to its long-term strategy. Market analysts expect the BTC price to rally following anticipated Fed rate cuts in September. However, Marathon’s stock (MARA) saw a slight decline of 2.26%, closing at $15.14 on Wednesday.
Expanding Market Opportunities and Operational Growth
Marathon Digital's current Bitcoin purchase aligns with the company's broader strategy to capitalize on new market opportunities and reduce debt. Last year, the company acquired three key Bitcoin mining sites in Nebraska and Texas, securing 690 operational megawatts (MWs) ahead of this year's Bitcoin halving.
With these acquisitions, Marathon significantly expanded its directly owned and operated Bitcoin mining portfolio from 3% to 45%, while also reducing operational costs at these sites by 20%.
"Our new initiative with the convertible notes issuance positions us to take advantage of favorable market conditions and enhance our operational capabilities, aligning with our long-term financial goals and reinforcing our belief in Bitcoin’s potential as a highly accretive asset," reiterated Marathon Digital.
This strategic move underscores Marathon Digital's commitment to strengthening its position in the Bitcoin mining industry and ensuring its financial stability in the years to come.
$BTC #BTC #Bitcoin

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Traders are increasingly betting on XRP reaching $1.10 in the near future, fueled by optimism surrounding a potential ETF for the cryptocurrency. Despite a relatively stable price movement in the past 24 hours, with XRP hovering around $0.5684, the overall crypto market has seen a 1% gain today.
XRP has experienced a 13.5% increase over the past week and a 7% rise in the last month. However, it remains down by 10% over the past year. This performance has been somewhat disappointing, especially following Ripple's recent settlement with the SEC for $125 million. Nevertheless, trading data indicates that XRP may be on the verge of a significant upward movement.
Deribit, a major cryptocurrency options exchange, has seen a surge in call options for XRP with a strike price of $1.10. This suggests that an increasing number of traders are betting that the altcoin will reach and surpass this level in the near future.
Market Indicators and Trading Signals
XRP’s chart currently reflects a market in a state of indecision, with indicators showing mixed signals. The 30-period moving average has been level with the 200-period moving average for a few days, suggesting that a breakout—either above or below the longer-term average—could be imminent. Additionally, XRP's relative strength index (RSI) is hovering around the 50 level, indicating that traders are uncertain about the coin's next move.
One noteworthy observation is that XRP’s support and resistance levels are converging, forming a pennant pattern. This typically signals that a significant price move is on the horizon. The rise in call options on Deribit further supports the notion that many traders anticipate an upward breakout.
According to the latest data from Deribit, there are now 4,452,000 open contracts targeting a $1.10 price for XRP. This bullish sentiment indicates that the market mood is increasingly swinging in favor of XRP.
XRP's Potential for a Rally
XRP appears to be overdue for a strong rally, especially considering its underperformance over the past year. With Ripple having settled its case with the SEC, the company is now in a better position to focus on expanding its business.
Ripple has already made strides by signing a new partnership with the Dubai International Financial Centre’s Innovation Hub, aiming to accelerate blockchain adoption in the UAE and the Middle East region.
Given these developments, XRP could very well reach $1 in the coming months, particularly if Ripple continues to expand and if the cryptocurrency secures its own ETF. The current market momentum and growing trader confidence suggest that XRP may be on the verge of a significant price surge.
$XRP #Ripple #XRP

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Marathon Digital, a leading crypto mining firm, has announced that all Bitcoin blocks mined by its MARA Pool in the United States will be labeled with a "Made in USA" tag. This initiative underscores the company's commitment to showcasing its American roots and contributions to the Bitcoin network.
In a recent statement on X (formerly Twitter), Marathon Digital proudly declared, "MARA is Team USA," emphasizing that each Bitcoin block mined in the U.S. by the company will carry the "Made in USA" label. Fred Thiel, CEO of Marathon Digital, highlighted the significance of this move, noting that as one of the largest Bitcoin miners in the country, Marathon ensures that every block produced by its MARA Pool is distinctly American.
“Every block mined by MARA Pool in the USA is proudly stamped ‘Made in USA,’” Thiel stated. He further explained that Marathon Digital is the only large-scale miner capable of making this claim because it operates its own mining pool and can guarantee the origin of every block.
Alignment with Trump's Vision for American Bitcoin Mining
Marathon Digital’s decision aligns with the vision of U.S. Presidential hopeful Donald Trump, who has advocated for all remaining Bitcoin to be mined in the United States. On June 12, Trump emphasized the importance of domestic Bitcoin production, arguing that it would help the country achieve energy dominance.
During the Bitcoin 2024 Conference in Nashville, Trump reiterated his support for U.S.-based crypto mining. He pledged to ensure that American Bitcoin miners receive the necessary electricity to sustain their energy-intensive operations.
Already, all Bitcoin blocks mined by the MARA Pool carry the "Made in USA" stamp, as confirmed by data from mempool.space.
Marathon Digital Announces $250 Million Private Offering
In addition to its patriotic labeling initiative, Marathon Digital has announced plans to raise $250 million through the sale of convertible senior notes in a private offering. The company intends to use the proceeds to acquire additional Bitcoin and for general corporate purposes.
Marathon Digital currently holds over 20,800 Bitcoins, more than twice the amount held by its competitor, Hut8 Mining. The notes will mature on September 1, 2031, and will pay interest semi-annually, beginning in March 2025.
“MARA intends to use the net proceeds from the sale of the notes to acquire additional Bitcoin and for general corporate purposes,” the company stated. The funds will be allocated to working capital, strategic acquisitions, and the expansion of existing assets, among other uses.
This move further solidifies Marathon Digital's position as a key player in the Bitcoin mining industry, with a strong focus on American production and growth.
$BTC #Bitcoin #BTC #mining

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Cardano (ADA) is currently facing bearish pressure as it battles to break through key resistance levels. Technical indicators suggest the potential for further downside, as ADA remains trapped in a range just below a crucial resistance point that has held the price down for the past three weeks. Despite some positive developments, including an increase in node operators migrating to v9.1.0, ADA's price remains under pressure.
ADA Price Under Pressure, Bulls Hold Out Hope
On Tuesday morning, ADA's price saw a slight rise to $0.337, coinciding with a 1.8% increase in the overall crypto market cap. This uptick may have been influenced by the highly anticipated interview between Elon Musk and Donald Trump, which generated significant interest within the crypto community.
Meanwhile, the Cardano community continues to await the upcoming Chang hard fork, with 79% of node operators now migrated to the new v9.1.0. However, technical analysis of the Cardano price chart indicates that these positive developments may not be enough to counteract the strong bearish pressure currently affecting the asset.
Cardano's Struggle to Break Free
According to technical analysis, ADA is in a bearish short-term trend after recently breaking down from a rising wedge pattern. This breakdown is significant, as the measured move from the wedge’s height suggests a potential further decline of approximately $0.048, targeting a price around $0.280.
Currently, ADA is trading below both the 50-day Exponential Moving Average (EMA) at $0.345 and the 200-day EMA at $0.378, reinforcing the bearish outlook. Additionally, the 50-day EMA is positioned below the 200-day EMA, a common bearish signal.
Cardano faces resistance at both the 50-day and 200-day EMAs, with support levels identified around $0.28 and near $0.25, where previous consolidation occurred. The Relative Strength Index (RSI) is at 40.42, close to oversold territory, indicating that while bearish momentum is strong, the asset may be approaching a level where buyers could step in.
The Chaikin Money Flow (CMF) is at -0.14, showing that more capital is flowing out of ADA than into it, which aligns with the current bearish sentiment. If ADA manages to rise and hold above the current range, it could signal an increase in market strength, potentially invalidating the bearish outlook and pushing the price towards $0.376 and higher to $0.42.
Bulls Remain Optimistic About ADA's Prospects
Despite the bearish indicators, Cardano bulls remain hopeful that the price will rise. Data from Coinalyze shows that 69% of investors are Long on ADA, and open interest (OI) for ADA has increased by 1.67% in the last 24 hours, indicating that more money is flowing into the asset. The Long/Short ratio for ADA has also increased, suggesting that investors are opening Long positions in anticipation of a price rise.
Additionally, Cardano's active address count registered a 20% increase in the last 24 hours, reflecting growing investor interest. ADA's price is currently influenced by broader market movements, and if the market turns bullish, ADA could break above the key resistance level and reach new monthly highs in August.
In summary, while Cardano faces significant challenges in overcoming current resistance levels, the optimism among bulls and increasing market interest suggest that a reversal is possible if market conditions improve. Investors will be watching closely to see if ADA can turn the tables and resume an upward trajectory.
$ADA #ADA #Cardano

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Binance has successfully recovered over $73 million in stolen funds, marking a significant 30% improvement compared to 2023. This milestone is contributing to the stabilization of BNB's price above the $500 mark, potentially supporting a prolonged recovery for the cryptocurrency.
BNB Price Rises Following Recovery of Stolen Funds
On Monday, BNB saw a 2.6% increase, trading at $516 during the U.S. session. This uptick coincided with Bitcoin's attempt to reclaim the $60,000 level amid reduced selling pressure over the weekend. Alongside a broader market recovery, Binance Coin (BNB) has shown firm stability above $500, boosted by Binance's success in recovering millions of dollars in stolen user funds.
Binance's Security Efforts Pay Off
Binance recently announced that its security team had recovered or frozen over $73 million in user funds from external hacks between January and July 2024. This represents a 30% increase from the $55 million secured throughout 2023. Following this update, BNB's price demonstrated sustained strength above the critical $500 psychological level.
Jimmy Su, Binance’s Chief Security Officer, credited this success to the exchange's proactive security measures, collaboration with law enforcement, and the transparency and traceability of blockchain technology. He noted that market growth and volatility often bring in new investors who may be more vulnerable to scams and hacks, leading to larger monetary losses during these periods.
The majority of the recovered or frozen assets—approximately 80%—were linked to hacks, exploits, and thefts that occurred outside the Binance platform. The remaining 20% involved scams that happened externally but impacted Binance users.
While crypto fraud continues to be a major challenge for legitimate users and service providers, Binance's recent success in recovering stolen funds could enhance positive sentiment towards the exchange and its native cryptocurrency, BNB.
BNB Price Hints at Bullish Reversal Within Megaphone Pattern
BNB's price recently rebounded from $458 to $506, marking a 9.6% increase. Analysis of the daily chart suggests this rebound could signal the start of a fresh bullish cycle within a broadening wedge or megaphone pattern.
This chart pattern, characterized by two diverging trendlines, typically indicates market uncertainty, with neither buyers nor sellers having a clear advantage. The recent bounce from the lower trendline supports the potential for an 18% rise, targeting strong resistance at $605.
However, BNB faces multiple overhead resistances up to $555 due to the cluster of daily Exponential Moving Averages (20, 50, 100, and 200). A reversal from this resistance level could lead to a 14% decline, potentially pushing BNB down to the $440 level.
Overall, while BNB shows signs of bullish momentum, traders should remain cautious of potential resistance levels that could impact the coin's short-term trajectory.
$BNB #BNB #Binance

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In a highly anticipated interview on Monday, Elon Musk and Donald Trump discussed a wide range of topics, including inflation, trade, nuclear power, and education. However, they notably avoided any discussion on Bitcoin and cryptocurrency, despite significant interest from the crypto community, as both figures are closely associated with the industry.
Elon Musk Proposes Government Efficiency Commission
During the interview, Elon Musk suggested the creation of a "government efficiency commission," indicating his interest in playing a role within a future Trump administration. Musk expressed his willingness to contribute to improving government operations, stating, "I’d be happy to help out on such a commission — I’d love if it were formed." Donald Trump responded positively to Musk's idea, acknowledging the potential benefits of such an initiative.
X Platform Faces DDoS Attack Before Interview
Just before the interview, Musk's social media platform, X, faced a significant Distributed Denial of Service (DDoS) attack, despite prior stress testing. The platform experienced a massive influx of traffic, with a staggering 8 million concurrent listeners tuning in to the interview. Despite the challenges, Musk and Trump proceeded with their discussion, covering various pressing issues.
Discussion on Inflation and the US Economy
The interview addressed the ongoing inflation crisis and its impact on the U.S. economy. Donald Trump criticized the Biden administration, stating that "people have been absolutely decimated" by rising prices and emphasizing the need to bring inflation under control. Musk also touched on the European Union's warnings about misinformation on his platform, X, and voiced concerns about attempts to impose censorship on other countries.
Criticism of the FDA and Department of Education
Trump also took the opportunity to criticize the Food and Drug Administration (FDA) and the Department of Education. He argued that the FDA's drug approval process is excessively slow and bureaucratic. Trump highlighted his support for the "right to try" law, which allows patients to use unapproved drugs that have not yet received FDA approval, a point Musk agreed with, noting that the FDA often takes too long in its processes.
Musk's Evolving Relationship with Trump
Musk's relationship with Trump has grown closer in recent months, especially as he advises on issues related to electric vehicles and cryptocurrency policies. This marks a shift from Musk's previous rocky relationship with the Biden administration. The ongoing battles between the Securities and Exchange Commission (SEC) and the crypto industry have escalated in 2024, with major players like Coinbase demanding more transparency and pushing back against what they see as regulatory overreach.
Musk's Past Involvement with the Trump Administration
During Trump's previous term, Musk served on White House advisory councils but later stepped down in protest of Trump's decision to withdraw from the Paris Climate Accord. Despite their past differences, the recent interview indicates a potential rekindling of their working relationship, with Musk positioning himself as a key advisor in a potential future Trump administration.
The interview provided insights into both leaders' views on current issues and hinted at the possibility of Musk taking on a more active role in shaping U.S. policy in the future.
#crypto #trump #musk

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Toncoin’s recent bullish momentum has come to an abrupt halt, with the cryptocurrency slipping back to the critical $6 level. After showing signs of a strong rally, TON has faced significant selling pressure, pushing it down to this crucial support zone. The pressing question now is whether the bulls can defend this level and prevent a deeper bearish breakdown, or if Toncoin is on the brink of further decline as bearish sentiment grows.
Toncoin’s Price Action: A Closer Look
Over the past 24 hours, Toncoin has experienced a 5.19% drop, currently trading around $6.27. The cryptocurrency’s market capitalization stands at over $15 billion, with a trading volume exceeding $373 million at the time of writing. Notably, while TON’s market cap has decreased by 5.21%, its trading volume has surged by 43.65%, indicating heightened market activity amid the price drop.
The $6 Battleground: Will Bulls Hold the Line?
On the 4-hour chart, Toncoin is showing signs of a potential bullish recovery after hitting the $6 mark. The price is attempting to move above the 100-day Simple Moving Average (SMA), aiming for the $6.7 level. This suggests that the bulls may be regaining strength and could drive the price higher.
Additionally, the 4-hour Relative Strength Index (RSI) indicates that after dipping below 50%, the signal line is now rising again, pointing to increasing buying pressure. This could lead to further upward movement for TON.
On the 1-day chart, while Toncoin is still trading below the 100-day SMA, the price is making an effort to move toward the $6.7 resistance level after a bullish rejection at $6. This indicates that the bulls are beginning to take control and could potentially push the price higher. The 1-day RSI also shows the signal line climbing above 50% from the oversold zone, signaling growing bullish momentum for the cryptocurrency.
What’s Next for Toncoin: Bullish Defense or Bearish Takeover?
Recent trading activity suggests that Toncoin is mounting a bullish defense at the $6 level, with an attempt to move toward the $6.7 resistance. If TON manages to break above this level, it could trigger a further move toward the next resistance at $7.7 and possibly beyond.
However, if the bears take over and TON’s price breaks below the $6 mark, the cryptocurrency could continue to decline, with the next support level at $4.6. A breach of this support could lead to a further drop, testing the $3.3 level, and potentially lower if bearish momentum persists.
The coming days will be crucial for Toncoin as it battles to hold the $6 support. Whether the bulls can stage a comeback or the bears drive the price lower will determine TON’s next major move.
$TON #Toncoin #TON

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“