Bitcoin's price has remained relatively stable between $54,000 and $55,000 over the weekend, despite significant market volatility. This stability follows the liquidation of over $220 million in crypto long positions, triggered by a weaker-than-expected U.S. jobs report. As traders prepare for a week marked by crucial economic and political events, many analysts believe Bitcoin is currently undervalued.
Analysts Highlight Bitcoin’s Strong Fundamentals
Presto Research analysts, Peter Chung and Min Jung, have released a note suggesting that Bitcoin’s current valuation does not fully reflect its underlying strength. They emphasize Bitcoin’s record-high hashrate of 679 EH/s, which they argue signifies the network's unprecedented security. According to Chung and Jung, this heightened security level indicates that Bitcoin could be significantly undervalued at present.
“The hashrate represents the computational power dedicated to securing the Bitcoin network. With it reaching an all-time high, Bitcoin is demonstrably the most secure cryptocurrency,” the analysts noted. They further suggest that this robust security infrastructure often correlates with a price bottom, potentially signaling a favorable buying opportunity for investors.
Macroeconomic Factors Influencing Bitcoin
The broader cryptocurrency market has seen minimal activity in major tokens such as Ether (ETH), Solana (SOL), Cardano (ADA), and Ripple’s XRP. In contrast, mid-cap tokens, including Neiro (NEIRO) and BitTorrent token (BTT), have experienced notable gains of approximately 25%. This market disparity highlights ongoing investor interest in various segments of the crypto space.
Market sentiment is currently being shaped by recent U.S. payroll figures, which revealed a softer labor market. Analysts are also anticipating the upcoming releases of the Consumer Price Index (CPI) and Producer Price Index (PPI), which are expected to offer further insights into inflationary trends. Lower-than-expected payroll data is influencing current market dynamics, with increased volatility anticipated as the Federal Reserve's next meeting approaches.
Political Developments and Their Potential Impact
This week will also feature significant political events, including a high-profile debate between Republican presidential candidate Donald Trump and Democratic contender Kamala Harris. Trump's advocacy for making the U.S. the “crypto capital” of the world contrasts with Harris’s reportedly supportive stance on cryptocurrency growth.
The outcomes of these political discussions, combined with key economic data releases, could contribute to notable fluctuations in Bitcoin’s price. Traders and market observers are closely monitoring these developments, considering their potential impact on market sentiment and Bitcoin’s valuation.
Conclusion
As Bitcoin navigates through a week of pivotal economic and political events, its strong fundamental indicators suggest that it may be undervalued. Analysts and traders are keeping a vigilant eye on market movements, with many anticipating that Bitcoin's robust network security and recent developments in mining capacity could signal a favorable shift in its price trajectory.
$BTC
@Hasan_Bin_Naeem #CPI_BTC_Watch

Wisconsin Rally Highlights New Tariff Proposal
In a striking development, GOP presidential nominee Donald Trump has vowed to impose a dramatic 100% tariff on countries that shift away from using the US dollar in international trade. This bold stance was unveiled during a recent rally in Wisconsin, where Trump painted a stark picture of the US dollar's position on the global stage.
Trump’s Tariff Proposal
Trump's proposed policy is aimed at reinforcing the dominance of the US dollar by penalizing countries that reduce their reliance on it. He asserts that the dollar is currently "under major siege" from global competitors and believes that such a substantial tariff would serve as a deterrent against nations seeking to undermine its supremacy.
The 100% tariff would effectively double the cost of imports from countries deemed to be reducing their use of the US dollar. This move is part of a broader tariff agenda that Trump has championed, designed to assert American economic interests and counter perceived threats to the dollar's global influence.
Economic and Political Implications
The potential implementation of a 100% tariff represents a radical shift in trade policy. Economists and analysts have raised concerns about the potential repercussions of such a policy:
Global Trade Disruptions: A 100% tariff could lead to severe disruptions in international trade, affecting supply chains and increasing the cost of goods for American consumers and businesses.Retaliatory Measures: Targeted countries might retaliate with their own tariffs or trade barriers, potentially escalating into a broader trade conflict.Economic Strain: The policy could place significant strain on global economic relations and impact America's trade partners, leading to unpredictable consequences for the international market.
Trump’s Rationale
At the Wisconsin rally, Trump framed his proposal as a necessary response to what he describes as aggressive attempts by other nations to diminish the dollar’s role in the global economy. He argues that the US dollar's status as the world's primary reserve currency is under serious threat and that robust measures are required to protect it.
“We need to fight back against those who are trying to weaken our dollar,” Trump stated. “A 100% tariff will make it clear that the dollar is not to be replaced or undermined.”
Reactions and Controversies
The proposal has elicited mixed reactions from various quarters:
Supporters: Some of Trump's supporters view the tariff as a strong stance in defense of the US dollar and believe it will reinforce American economic power.Critics: Opponents argue that such a drastic measure could lead to adverse economic effects, including trade wars and higher consumer prices. They caution that the policy might also strain diplomatic relations and undermine existing trade agreements.
Looking Ahead
As Trump’s campaign progresses, this new tariff proposal will likely become a significant topic of discussion. The proposal adds another layer to Trump’s broader economic strategy, which emphasizes strong protective measures to safeguard American interests.
The potential consequences of a 100% tariff on countries moving away from the dollar will be closely watched by policymakers, economists, and international stakeholders. The outcome of this policy, if enacted, could reshape global trade dynamics and redefine the role of the US dollar in the world economy.
@Hasan_Bin_Naeem

The dynamic world of cryptocurrency has been experiencing a resurgence in market value, but surprisingly, the rate of cryptocurrency ownership among the public has not kept pace with this growth. According to a recent report by the Federal Reserve Bank of Philadelphia’s Consumer Finance Institute (CFI), the uptick in crypto market performance hasn’t translated into increased ownership among surveyed individuals.
Survey Insights
The CFI’s report, published on September 6, 2024, indicates that despite a significant rebound in cryptocurrency prices over the past 18 months, the proportion of individuals owning crypto has not seen a corresponding rise. The CFI collected data on crypto ownership through surveys conducted between January 2022 and July 2024, using Bitcoin (BTC) price movements as a proxy to understand market conditions.
The data reveals a notable decline in cryptocurrency ownership during the 2022 crypto winter, with ownership rates falling from 24.6% in January 2022 to 19.1% by October 2022. This decline occurred alongside a broader market downturn. Although the market began to recover thereafter, ownership rates did not increase significantly. By October 2023, only 17.1% of respondents reported owning crypto, and this figure dropped further to 15.4% by January 2024.
Interestingly, even during Bitcoin’s peak price in March and its subsequent halving event in April, ownership rates did not show significant improvement. The survey recorded a minor increase to 16.1% in April, which then declined to 14.7% by July 2024.
Future Interest
Despite the lack of growth in current ownership, the Fed’s survey noted a shift in future intentions. There appears to be a growing interest in purchasing cryptocurrencies. The proportion of respondents indicating a likelihood to buy crypto in the future increased from 10.6% during the 2022 crypto winter to 21.8% by April 2024. This rise in future interest suggests that while current ownership is stagnant, there is potential for increased adoption in the near future.
Market and Survey Discrepancies
The Fed’s findings contrast with other reports and surveys. For instance, a survey conducted by Crypto.com in 2023 found that the global crypto user base had surpassed half a billion, and Coinbase's September 2023 data indicated that 52 million Americans owned cryptocurrencies. These figures present a much higher ownership rate compared to the Fed’s survey results, highlighting a disparity in reported crypto engagement.
This discrepancy underscores the complexity of measuring crypto ownership and interest. Factors such as market volatility, changing financial priorities, and varying survey methodologies may contribute to differing results. While the market value of cryptocurrencies has surged, translating this growth into actual ownership remains a challenge.

Conclusion
The Federal Reserve’s survey provides a nuanced view of cryptocurrency ownership trends amidst a recovering market. Although crypto prices have increased significantly, current ownership rates have not followed suit. However, there is a growing interest in future cryptocurrency purchases, suggesting that while immediate ownership might be low, future engagement could rise as market conditions stabilize.
As the crypto landscape continues to evolve, understanding these trends will be crucial for stakeholders aiming to drive broader adoption. Monitoring shifts in ownership and investment behavior will be essential to align strategies with consumer attitudes and market dynamics.

Tether Holdings Ltd, renowned for its prominent USDT stablecoin, has made headlines with a groundbreaking $100 million investment in Adecoagro, a leading Latin American agriculture firm. This acquisition, marking a 9.8% stake in Adecoagro, reflects a significant shift in Tether's investment strategy, indicating a move beyond its traditional focus on cryptocurrencies.
Tether’s Strategic Investment
Adecoagro, a major player in the agricultural sector with operations in Brazil, Argentina, and Uruguay, specializes in dairy production and agriculture. The investment secures Tether approximately 10,048,249 common shares in the company. This strategic move aligns with Tether’s broader diversification strategy, which aims to expand its portfolio into sectors contributing to human development and sustainability.
Tether’s foray into agriculture underscores its commitment to investing in impactful industries. Adecoagro’s emphasis on sustainable agricultural practices resonates with Tether’s vision of supporting sectors that offer long-term benefits to society and the environment.
Diversification and Financial Strength
Tether’s entry into agriculture signifies a notable departure from its traditional focus on cryptocurrency investments. Historically, Tether has concentrated its financial activities within the crypto ecosystem, primarily focusing on maintaining the stability of its USDT stablecoin. However, under the leadership of CEO Paolo Ardoino, Tether has begun to explore diverse investment opportunities.
The $100 million allocated for the Adecoagro investment was sourced from Tether’s operational cash reserves, highlighting the company's robust financial position. This move not only demonstrates Tether’s financial strength but also its intent to establish a more diversified investment portfolio.
Previous Investments and Strategic Moves
This new investment in Adecoagro follows Tether’s $200 million investment in BlackRock Neurotech in April. BlackRock Neurotech is a startup specializing in brain-computer interface technologies, marking Tether’s venture into cutting-edge industries beyond crypto. Additionally, Tether remains a major holder of US Treasury Bills, which serve as a foundation for backing its USDT reserves and reinforcing its market legitimacy.
Tether has also been active in Bitcoin mining, with operations established in El Salvador and Paraguay. This effort aims to bolster Bitcoin’s network resilience while expanding Tether’s footprint in the blockchain space.
Conclusion
Tether’s substantial investment in Adecoagro represents a strategic expansion into new sectors, reflecting a deliberate shift from its traditional cryptocurrency focus. By diversifying into agriculture and innovative technologies, Tether is positioning itself as a player in impactful industries that align with its vision of supporting sustainable development. This move not only underscores Tether’s financial robustness but also sets the stage for its continued evolution and broader market presence.

September is shaping up to be a month of pivotal events that could significantly impact the cryptocurrency market. Historically a bearish period, September often precedes a strong bullish Q4, especially in halving years. With key events lined up, this September might set the stage for a potential parabolic pump in crypto prices. Here’s a detailed look at the events and factors that could drive this anticipated market surge.
Key Events to Watch
1. Japanese GDP Data (September 9):
The release of Japan’s GDP data could influence global market sentiment, including the crypto sector. Positive economic indicators might boost investor confidence and spark bullish behavior across various asset classes, including cryptocurrencies.
2. House Financial Services Committee Hearing on DeFi (September 10):
The hearing on decentralized finance (DeFi) could provide significant insights into regulatory developments and future policies. Positive outcomes or supportive statements could enhance the legitimacy of DeFi projects and drive increased investment into crypto assets.
3. US Presidential Debate (September 10):
Political developments, particularly debates and policy discussions, can impact financial markets. The debate may highlight economic policies that could indirectly affect the crypto market by shaping investor sentiment.
4. US CPI Report (September 11):
The Consumer Price Index (CPI) report will shed light on inflation trends. A lower-than-expected CPI could reduce inflation fears, potentially making risk assets like cryptocurrencies more attractive.
5. European Central Bank (ECB) Rate Decision (September 12):
The ECB’s decision on interest rates will impact global liquidity. A rate cut or dovish stance could lead to increased capital flows into cryptocurrencies as investors seek higher returns.
6. Full Moon and Eclipse (September 17):
Astrological events like full moons and eclipses are often discussed in the context of market sentiment. While their direct impact on financial markets is debatable, they may influence trader behavior and sentiment.
7. US Federal Funds Rate Decision (September 18):
The Federal Reserve’s decision on interest rates is crucial. A rate cut could make traditional savings less attractive, pushing investors toward alternative assets like cryptocurrencies.
8. Token2049 Crypto Conference (September 18):
Token2049, held in Singapore, is a major crypto event that brings together industry leaders, developers, and investors. Announcements and networking opportunities at this conference could generate positive market momentum.
9. Gary Gensler’s Testimony (September 23):
The SEC Chairman’s testimony before the US House committee could provide insights into future regulatory directions for cryptocurrencies. Positive signals or clarity on regulatory stances could be bullish for the crypto market.
10. CZ’s Release (September 29):
The anticipated release of Changpeng Zhao (CZ) from legal issues could significantly boost market sentiment. CZ’s leadership and influence in the crypto space are considerable, and his release might renew investor confidence.
11. Messari Mainnet Launch (September 30):
The Messari mainnet launch in New York is expected to be a high-profile event. Successful launches and advancements in blockchain technology can positively impact market perception and drive investment into related cryptocurrencies.
Potential Market Impact
Historically, September has been a month of consolidation and bearish sentiment, but it often precedes a strong bullish Q4. With several high-impact events scheduled, the potential for a market turnaround is notable. Here’s what could drive a parabolic surge:
Increased Institutional Interest: Positive regulatory news and institutional involvement could lead to increased capital inflows into cryptocurrencies.Enhanced Market Liquidity: Decisions by central banks and major financial institutions could improve liquidity conditions, making it easier for cryptocurrencies to experience upward momentum.Positive Sentiment: Key events like conferences and regulatory hearings can shift market sentiment, driving bullish trends in anticipation of favorable outcomes.
Conclusion
September’s lineup of significant events presents a unique opportunity for a potential bullish reversal in the cryptocurrency market. From regulatory hearings to major conferences and economic reports, these events could set the stage for a strong end to the year. While the market remains volatile, the convergence of positive triggers could catalyze a parabolic pump, making this month a critical period for crypto enthusiasts and investors to watch closely.
$BTC
@Hasan_Bin_Naeem

#TON The cryptocurrency market has been witnessing significant fluctuations, and recent movements in XRP, Toncoin (TON), and Ethereum (ETH) are capturing considerable attention. Each of these digital assets is showing signs of potential recovery, but their paths are influenced by various technical and market factors. Here’s a closer look at the current trends and what they might mean for investors.
XRP: Signs of an Uptrend
XRP is showing promising signs of recovery. The cryptocurrency recently bounced off a critical support level within an ascending price channel that has been forming since June. This bounce occurred around $0.52, suggesting a possible shift towards an upward trend.

Technical Analysis:
Ascending Channel: XRP’s recent price action indicates it is rebounding within an ascending channel. This pattern typically signals growing optimism and sustained buying interest at each dip.Resistance Levels: XRP faces resistance from the 50, 100, and 200 EMAs, which could impede its upward momentum. For XRP to gain significant traction, it needs to surpass these moving averages.Potential Upside: If XRP maintains its position within the channel, it could potentially reach the $0.55 mark and test higher resistance levels around $0.60. However, a fall below the support level of $0.50 could signal further declines.
Outlook: Continued buying interest is crucial for XRP to sustain its upward trajectory. Investors should watch for momentum that could help XRP overcome its current resistance levels.
Toncoin (TON): Aiming for $6
Toncoin is at a pivotal point, trading close to a support level at $4.70. This level could act as a springboard for a potential recovery, with the possibility of reaching $6 if conditions align favorably.
Technical Analysis:
Support and Resistance: TON is currently struggling below key moving averages (50, 100, and 200 EMAs), which indicates recent difficulties in gaining traction. The support level at $4.70 is crucial for any potential rebound.Recovery Potential: A successful breakout above the current resistance zones could drive TON towards $5.50 and eventually $6. However, for this to happen, the market must show sufficient buying power to overcome these resistance levels.Risks: If the support level of $4.70 is broken, TON could face further declines, potentially dropping below $4.50. Such a scenario would prolong the bearish trend and make a short-term recovery more challenging.
Outlook: Toncoin’s recovery depends on breaking above critical resistance levels and sustaining buying momentum. The overall market environment and Bitcoin's performance could also influence TON's trajectory.
Ethereum (ETH): Testing Recovery Levels
Ethereum has recently bounced off a significant support level and is now approaching a critical resistance zone. Trading at $2,284, ETH is aiming to break above key resistance levels to signal a more robust recovery.
Technical Analysis:
Support and Resistance: ETH must overcome resistance around $2,500, with additional hurdles at $2,529, $2,749, and $2,800. Success in breaking these levels could indicate renewed bullish sentiment.Market Conditions: Increased volatility and liquidity are essential for Ethereum’s recovery. However, the lack of substantial institutional investment could limit ETH's upward momentum.Institutional Influence: A significant rise in institutional interest could further support Ethereum’s price increase. Without this, Ethereum’s recovery might face limitations.
Outlook: Ethereum’s ability to break through its resistance levels will be key to a potential market recovery. Increased volatility and institutional involvement could enhance ETH's chances of a sustained uptrend.
Conclusion
The current trends in XRP, Toncoin, and Ethereum reflect a mix of cautious optimism and significant challenges. XRP is showing signs of a potential uptrend but needs to overcome key resistance levels. Toncoin's recovery hinges on maintaining crucial support and breaking through resistance zones. Ethereum’s path to recovery requires overcoming resistance levels and increased market participation. Investors should stay vigilant and consider both technical indicators and broader market conditions as they navigate these cryptocurrencies.
$TON
$XRP
$ETH

#USNonFarmPayrollReport
The news regarding the labor market slowdown and its broader economic implications can impact the cryptocurrency market in several ways:
1. Market Sentiment and Investment Behavior
Volatility and Speculation: The news about a labor market slowdown could lead to increased volatility in traditional financial markets. Cryptocurrencies, often seen as high-risk assets, might experience heightened speculative trading as investors react to broader economic uncertainties. This can lead to significant price swings in the crypto market as investors seek to hedge against or capitalize on these uncertainties.Safe-Haven Assets: In times of economic uncertainty or perceived slowdown, some investors may view cryptocurrencies as a hedge against traditional financial market risks. This could potentially drive demand for cryptocurrencies, particularly for those seen as more "store-of-value" assets like Bitcoin.
2. Impact on Inflation and Interest Rates
Federal Reserve Policy: The labor market news could influence the Federal Reserve's monetary policy decisions, including potential rate cuts. Lower interest rates generally reduce the appeal of traditional savings and investments, which could make cryptocurrencies more attractive to investors seeking higher returns or alternative stores of value.Inflation Concerns: If the Federal Reserve adjusts interest rates in response to the labor market slowdown, it could affect inflation expectations. Cryptocurrencies, particularly Bitcoin, are often viewed as a hedge against inflation. If inflation expectations rise, demand for cryptocurrencies as a hedge could increase.
3. Investor Behavior and Risk Appetite
Risk Appetite: A cooling labor market might lead to a more cautious investor sentiment. While some may seek refuge in cryptocurrencies as an alternative investment, others might pull back from higher-risk assets, including cryptocurrencies, in favor of more stable investments.Asset Diversification: Investors concerned about a slowing economy might diversify their portfolios by including cryptocurrencies. This diversification can sometimes lead to increased capital flows into the crypto market.
4. Technological and Regulatory Impact
Regulatory Scrutiny: Economic slowdowns often lead to increased scrutiny of financial markets, including emerging sectors like cryptocurrency. If economic conditions worsen, regulators might accelerate efforts to implement new regulations for the crypto industry, impacting market dynamics and investor confidence.Innovation and Adoption: Despite short-term market fluctuations, the broader economic environment could influence long-term trends in cryptocurrency adoption and technological innovation. For example, increased interest in decentralized finance (DeFi) and blockchain applications might continue regardless of short-term market conditions.
5. Economic Fundamentals and Crypto Use Cases
Financial Inclusion: Cryptocurrencies offer financial inclusion opportunities that can be particularly valuable in a slowing economy. As traditional financial systems face challenges, the appeal of digital currencies for unbanked or underbanked populations might grow.Transaction and Payment Solutions: Economic slowdowns might drive businesses and individuals to seek more efficient and cost-effective transaction solutions. Cryptocurrencies could see increased use in transactions and payments if they offer advantages over traditional systems.
Conclusion
The recent labor market news, indicating a slowdown and its broader economic implications, could have mixed effects on the cryptocurrency market. On one hand, it might lead to increased volatility and speculative trading in the crypto space, as well as heightened interest in digital assets as a hedge against economic uncertainties. On the other hand, it could also lead to increased regulatory scrutiny and cautious investor behavior.
Overall, while short-term market reactions may be significant, the longer-term impact on cryptocurrencies will depend on how economic conditions evolve, regulatory responses, and the co
ntinued development and adoption of blockchain technologies.

In a surprising twist amidst the ongoing legal struggles between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), Chris Larsen, co-founder of Ripple, has publicly endorsed Kamala Harris for the U.S. presidency. This endorsement comes as part of a broader show of support from the corporate world, with 88 top executives and corporate leaders backing Harris in her run for the highest office in the country.
Corporate Support for Harris
According to a recent CNBC report, a diverse group of corporate leaders has formally endorsed Vice President Kamala Harris, who is vying for the presidency in the upcoming election. This list includes prominent names from various sectors, such as the CEOs of Box, Yelp, and Snap, among others. Notably, Chris Larsen’s inclusion in this list stands out due to Ripple’s current legal predicament.
Ripple’s Legal Challenges
Ripple Labs, co-founded by Larsen, has been engaged in a contentious legal battle with the SEC that has spanned nearly four years. The lawsuit centers on the regulatory classification of Ripple’s cryptocurrency, XRP, and has had significant implications for the regulatory environment surrounding digital assets in the United States. Ripple’s CEO, Brad Garlinghouse, has been vocal about the challenging regulatory landscape in the U.S., advising fellow entrepreneurs to consider moving their crypto-related ventures abroad.
Larsen’s Endorsement: A Strategic Move?
Larsen’s endorsement of Harris is particularly intriguing given Ripple’s ongoing struggles with U.S. regulators. It raises questions about his motivations and whether this support is a strategic maneuver aimed at influencing future regulatory policies. By backing Harris, Larsen may be signaling a desire for a more favorable regulatory environment for technology and innovation, potentially benefiting Ripple and the broader cryptocurrency industry.
Implications for the Presidential Race
The endorsement of Harris by a notable figure like Chris Larsen, along with the backing of 88 corporate leaders, could have significant implications for the presidential race. This collective show of support reflects the increasing trend of corporate leaders weighing in on political matters, particularly those that directly impact their industries. As the presidential election approaches, these endorsements may play a crucial role in shaping public perception and influencing key policy discussions.
Conclusion
Chris Larsen’s endorsement of Kamala Harris amidst Ripple’s legal challenges is a development that adds a new layer to the complex interplay between politics and business. As the election draws nearer, the implications of such endorsements will likely become clearer, potentially influencing both the presidential race and the future of regulatory policies affecting the tech and cryptocurrency sectors.
What’s your take on Chris Larsen endorsing Kamala Harris while Ripple is entangled in a lawsuit with the SEC? Do you think this could influence crypto regulation or the presidential race ????????????

$XRP

Growing Adoption of USDT on TON
Tether’s USDT stablecoin has achieved a significant milestone on the Telegram-related TON blockchain. In less than six months, over 1 million addresses now hold USDT, reflecting its rapid global adoption. The integration of the TON blockchain with Telegram, which has nearly 950 million users, has played a crucial role in this surge. As a result, the total supply of USDT on TON has reached $730 million, pushing it closer to a $1 billion supply threshold.
Distribution and Major Holders
According to Tonviewer, a blockchain scanner for the TON network, approximately 1.39 million addresses hold USDT. These holdings range from substantial sums to smaller amounts, with the largest holder being an anonymous address, UQaj, with 99.35 million USDT. Notably, several major exchanges also hold significant amounts of USDT on TON, including Binance with 58.9 million USDT, OKX with 32.23 million, and Gate.io with 20.03 million.
Transaction Volume and Market Impact
The rise in USDT supply on TON has been accompanied by increased transaction volumes, which reached nearly $2.4 billion in weekly activity as of August. This heightened activity underscores the growing role of USDT within the TON ecosystem and its broader adoption.
Challenges for Toncoin
Despite the success of USDT, the native token of the TON blockchain, Toncoin, is facing challenges. The token’s value has struggled recently, falling nearly 20% following the arrest of Telegram’s founder, Pavel Durov. Although Durov has since been released on bail, Toncoin has continued to decline, trading at $4.68. The token has decreased 15% over the past week and 35% over the past three months.
Toncoin’s performance issues are compounded by recent network outages, raising concerns about the technical resilience of the TON blockchain compared to other Ethereum Virtual Machine (EVM) networks. Additionally, the association with Telegram could pose risks if the messaging app faces bans in certain regions.
Holder Sentiment
The downturn in Toncoin’s value has led to substantial unrealized losses for many holders. Data from IntoTheBlock shows that approximately 85.99% of addresses holding Toncoin are currently in the red. Only 9.28% of holders are seeing gains, primarily early investors who bought into the token before its recent drop. Despite this, Toncoin is up 100% year-to-date, reflecting its initial strong performance earlier in the year.

Conclusion
The rapid adoption of Tether’s USDT on the TON blockchain highlights its growing significance and integration with Telegram’s vast user base. However, Toncoin’s recent struggles and the technical challenges faced by the TON network present uncertainties for the token’s future. Investors should remain cautious and stay informed about both the evolving dynamics of the TON blockchain and the broader cryptocurrency market.

#TON #USDataImpact

Recent economic indicators paint a complex picture of the U.S. economy. In July, job openings dropped to a 3-1/2-year low of 7.673 million, signaling a notable slowdown in the labor market. Despite this, hiring rose by 273,000, and while layoffs increased to 1.762 million, they remain relatively low compared to historical standards. The Federal Reserve is expected to implement a modest 25-basis-point interest rate cut, reflecting a cautious approach amid a cooling labor market.
Additionally, the U.S. trade deficit expanded significantly in July, climbing 7.9% to $78.8 billion. This increase, driven by a surge in imports, underscores strong domestic demand despite a decelerating economic growth outlook.
Potential Impact on Cryptocurrencies
Interest Rates and Investment Shifts: The anticipated rate cut by the Federal Reserve could rejuvenate interest in cryptocurrencies. As traditional investment avenues like bonds and savings accounts become less attractive due to lower returns, investors may turn to digital assets as a compelling alternative. Increased liquidity in the market often translates to heightened interest in cryptocurrencies.
Economic Uncertainty as a Catalyst: The current economic uncertainties may prompt investors to seek refuge in cryptocurrencies. Viewed as a hedge against inflation and economic instability, cryptocurrencies like Bitcoin and Ethereum could become more appealing as traditional financial systems face volatility.
Weaker Dollar and Crypto Appeal: The widening trade deficit might weaken the U.S. dollar, which could enhance the attractiveness of cryptocurrencies priced in dollars. A depreciating dollar often leads investors to diversify their holdings into assets perceived as more stable or potentially more lucrative, such as digital currencies.
Shifting Market Sentiment: Financial market reactions to economic data can influence cryptocurrency prices. Negative investor sentiment or concerns over economic stability could drive increased demand for cryptocurrencies, while positive economic developments or expectations of tighter monetary policies might dampen enthusiasm.
Conclusion
The latest economic data—marked by lower interest rates, heightened uncertainty, and a potentially weaker dollar—could present a favorable environment for cryptocurrencies. As traditional investments face challenges and economic instability looms, digital assets may become increasingly attractive. However, the cryptocurrency market remains dynamic and influenced by a multitude of factors, including regulatory changes and technological innovations. Staying informed and understanding these trends can help investors navigate the evolving landscape of cryptocurrency investments.
#USDataImpact $BTC

The image you provided is a liquidation heatmap for the BTC/USDT perpetual futures contract on Binance, spanning a 6-month period. This heatmap visualizes liquidation levels where traders on Binance have placed leveraged positions that might be liquidated due to adverse price movements.
Key Points from the Heatmap
Color Coding and Liquidation Zones:
Purple represents lower liquidation levels, indicating fewer liquidations or less leverage in these price ranges.
Green to Yellow areas indicate higher liquidation levels, showing where a significant number of leveraged positions could be or have been liquidated.
Yellow represents the highest concentration of liquidations, implying that a large volume of leveraged positions exists around these price levels.
Price Ranges and Liquidations:
The horizontal lines across different price levels indicate areas where leveraged positions could be vulnerable to liquidation.
The brightest area (in yellow) around the $70,000 price mark suggests a high level of leveraged positions. This could mean that if the price moves towards this range, many liquidations could occur.
Market Sentiment:
The presence of significant liquidation zones at certain levels can provide insights into trader sentiment. If many liquidations are concentrated in the higher price range (around $70,000), it suggests that a lot of traders are bullish and have leveraged positions in anticipation of a price increase.
Conversely, the liquidations seen at lower levels might suggest defensive positions or hedges in case of a price decline.
Support and Resistance:
High liquidation zones can act as both support and resistance. For example, if the price of BTC moves towards a zone with high liquidation density (such as $70,000), the market might see resistance due to the liquidations that could trigger additional selling pressure.
Conversely, if the price is moving down and hits a zone with fewer liquidations, it might act as a support area since fewer leveraged positions would be liquidated.
Market Direction Analysis
Current Trend: The heatmap shows a downtrend pattern from the beginning of the period in March to the end in August. Given this, the market appears to be in a bearish phase over the past six months.
Potential for Reversal: For a reversal, there would need to be a change in sentiment and buying pressure, which could push the price upwards. If the price moves towards the higher liquidation zones without triggering massive liquidations, it might indicate renewed buying interest.
Risk of Further Decline: If the price continues downward, and there is a move towards zones with lower liquidation density, it could suggest more downside potential with less resistance to declines.
Conclusion
Given the current heatmap, the market appears bearish over the last six months. However, significant liquidation zones around the $70,000 level suggest a lot of leveraged long positions are waiting for an upside. Traders should watch for key resistance levels and be mindful of potential liquidations that could drive prices down further. The market's direction will likely depend on how it reacts when approaching these significant liquidation zones.$BTC
#Market_Update

Introduction
The Telegram Open Network (TON) and its native cryptocurrency, TON Coin, represent a groundbreaking development in blockchain technology. As TON continues to evolve, its future holds significant promise for transforming various aspects of the digital economy. Here, we explore the potential directions and impact of TON in the coming years.
Expansion of Ecosystem and Adoption
The future of TON hinges on the expansion and adoption of its ecosystem. Telegram’s vast user base offers a unique advantage, providing a ready-made audience for integrating blockchain technology into everyday communication and transactions. As TON seeks to broaden its reach, key areas of focus will include:
Increased Integration: Expanding the use of TON Coin within Telegram’s platform for payments, tipping, and other financial interactions.
Partnerships and Collaborations: Forming strategic alliances with other technology companies, financial institutions, and developers to drive adoption and create new use cases.
Global Reach: Expanding the platform’s availability and functionality to global markets, enhancing its utility for users worldwide.
Advancements in Technology and Scalability
TON's future will be shaped by ongoing advancements in its technological infrastructure. Key areas of development include:
Scalability Enhancements: Improving the scalability of the TON blockchain to handle increased transaction volumes and support a growing number of users and dApps.
Innovation in Consensus Mechanisms: Implementing and refining consensus algorithms to enhance transaction speed, security, and energy efficiency.
Integration with Emerging Technologies: Exploring synergies with other emerging technologies such as artificial intelligence (AI), Internet of Things (IoT), and decentralized finance (DeFi).
Regulatory Compliance and Security
As regulatory scrutiny of cryptocurrencies and blockchain technology intensifies, TON’s future will involve navigating the evolving legal landscape:
Regulatory Compliance: Adapting to regulatory requirements in different jurisdictions to ensure legal compliance and foster trust among users and institutions.
Enhanced Security Measures: Continually strengthening security protocols to protect against cyber threats and vulnerabilities, ensuring the integrity and safety of transactions and data.
Decentralization and Community Governance
A critical aspect of TON’s future will be its commitment to decentralization and community governance:
Decentralized Governance: Empowering the community to participate in decision-making processes and protocol upgrades through decentralized governance models.
Incentives for Participation: Creating mechanisms to incentivize community engagement, reward contributions, and support the development of new projects and initiatives.
Innovative Use Cases and Applications
The future of TON will be driven by the development of innovative use cases and applications that leverage its blockchain technology:
Decentralized Finance (DeFi): Expanding the range of DeFi applications, including lending, borrowing, and staking, to offer more financial services within the TON ecosystem.
Non-Fungible Tokens (NFTs): Facilitating the creation and trading of NFTs, enabling digital ownership and collectibles on the TON blockchain.
Enterprise Solutions: Developing blockchain solutions for enterprises, including supply chain management, digital identity, and secure data sharing.
User Experience and Accessibility
Ensuring a seamless and user-friendly experience will be crucial for TON’s success:
User-Friendly Interfaces: Designing intuitive interfaces and applications that make it easy for users to interact with the TON blockchain and TON Coin.
Educational Initiatives: Providing educational resources and support to help users understand and navigate blockchain technology and its benefits.
Conclusion
The future of TON is poised to be transformative, driven by advancements in technology, increased adoption, and innovative applications. As the Telegram Open Network continues to evolve, its potential to reshape digital communication, financial transactions, and decentralized applications is significant. By focusing on scalability, regulatory compliance, decentralization, and user experience, TON aims to establish itself as a leading force in the blockchain space, paving the way for a new era of digital interaction and financial empowerment.
$TON
$NOT
$DOGS
#TON #DOGSONBINANCE #BNBChainMemecoins

On September 30, 2024 the Financial Services Agency (FSA) of Japan released its proposals for tax reform for the fiscal year 2025, highlighting the need for a comprehensive reassessment of the tax treatment of virtual currency transactions. This proposal is a cornerstone of the initiative titled "A Plan to Double Asset Income and Realize a Nation Built on Asset Management," which aims to advance Japan's financial regulatory framework.
Reevaluation of Virtual Currency Taxation
The FSA’s latest request marks a significant development, as it is the first time virtual currencies have been explicitly addressed in such reform proposals. The agency calls for a critical evaluation of whether virtual currencies should be classified as financial assets eligible for investment taxation. This shift reflects the increasing significance of digital assets in the financial sector and the need for clear, effective tax regulations.
Current Tax Regime and Proposed Changes
Under the current system, virtual currency transactions are classified as miscellaneous income, subject to tax rates up to 55%. This high tax rate has been a longstanding concern for investors and industry stakeholders, who have advocated for a more equitable flat tax rate of 20%, similar to other financial assets. Despite these calls for reform, the tax treatment of virtual currencies remains unchanged.
The FSA’s proposal also includes recommendations for integrating financial income taxation more comprehensively. Specifically, the request suggests expanding the scope of loss offsets to include derivative transactions and deposits. This proposed adjustment aims to create a more investor-friendly environment by facilitating greater flexibility in financial product investments and supporting the growth of household investment funds.
Implications for Virtual Currency ETFs
A notable aspect of the FSA’s proposal is its potential impact on the regulatory landscape for virtual currency exchange-traded funds (ETFs) in Japan. Hideki Ito, Commissioner of the FSA, has previously emphasized the need for careful consideration regarding the approval of virtual currency ETFs. The classification of virtual currencies as investment assets could be pivotal in determining the feasibility and regulatory framework for such financial products.
Future Considerations
As the FSA’s reform proposals move through the deliberation process with the ruling party's tax system research committee and the Diet, stakeholders will be keenly observing the outcomes. These developments could significantly alter the tax landscape for virtual currencies, potentially leading to a more favorable investment environment and enhanced adoption of digital assets.
Discussions at the recent Web3 conference have further underscored the urgency of tax reform. LDP Deputy Secretary-General Ogura Masanobu outlined key considerations for transitioning to separate reporting taxation, including the need for logical rationale, tax revenue forecasts, and public understanding. This growing focus on tax reform highlights Japan’s evolving financial landscape and its response to the rise of digital assets.
As the debate continues, the FSA’s proposed reforms could play a crucial role in shaping the future of virtual currency taxation in Japan, influencing investor behavior and the broader financial ecosystem.
$BTC
$XRP
$MATIC

In the current crypto landscape, Ethereum's lackluster performance and Bitcoin's struggle to break through the $60,000 barrier are shifting investor focus to promising new opportunities. One such opportunity is Rollblock, a crypto ICO that has been gaining significant traction.
Ethereum's Sluggish Performance
Ethereum has been experiencing a prolonged downturn, with its price declining for six consecutive days and dropping 9.9% during this period. This slump, marking its longest losing streak since early August 2024, has brought Ethereum down to $22.36, a stark 47.55% drop from its all-time high of $4,800 in November 2021. With a month-to-date decrease of 21.83%, Ethereum is on track for its worst month since June 2022.
Bitcoin's $60K Resistance
Bitcoin, on the other hand, has struggled to maintain its position above the $60,000 mark. Despite approaching this threshold on August 26, Bitcoin fell back to $57,918 the following day, leading to a $143 million liquidation of leveraged long positions. Market sentiment is wavering, partly due to underwhelming performances from spot Bitcoin ETFs and broader market conditions.
The Rise of Rollblock
Amid these fluctuations, investors are increasingly turning to Rollblock’s ICO, which is now in its sixth presale stage. Priced at just $0.024, Rollblock has already raised nearly $3 million in liquidity. This crypto ICO has captured attention for its innovative play-to-earn model. By holding $RBLK tokens, investors gain access to unique features like premium casino conditions, exclusive games, and the ability to participate in weekly and monthly leaderboards.
What sets Rollblock apart is its flexibility; $RBLK tokens can be converted to other cryptocurrencies or even traded back into fiat, depending on market conditions. This versatility, combined with Rollblock's plan to reinvest casino profits into the token's value, makes it a compelling option for investors seeking stability and growth potential in a turbulent market.
As Rollblock's ICO nears the $3 million milestone, now could be an opportune time to consider this promising investment. Explore the Rollblock presale today and seize the chance to be part of this exciting new venture.
$BTC
$$ETH

Latin America is currently witnessing a seismic shift in the world of cryptocurrencies, marked by a series of dramatic and influential events that could reshape the digital landscape across the region.
Brazil’s Bold Move: X (Formerly Twitter) Suspended
In a striking decision, the Brazilian government has suspended the operations of X, formerly known as Twitter, due to non-compliance with local regulations. This unexpected move not only challenges freedom of expression but also sends ripples through the cryptocurrency community. X has been a pivotal platform for sharing cryptocurrency news and insights, and its suspension could significantly disrupt how Brazilian enthusiasts and investors stay informed about market developments. This action raises important questions about the future of digital communication and financial discourse in Brazil.
Chile’s Legal Showdown with Worldcoin
In Chile, the controversy surrounding Worldcoin is heating up. The National Consumer Service (SERNAC) has initiated legal proceedings against Optimistic SpA, the company responsible for Worldcoin’s operations in the country. The lawsuit centers on allegations that Worldcoin mishandled users’ biometric data, spotlighting the critical issues of privacy and data security within the cryptocurrency sector. This legal battle underscores the growing demand for stringent data protection measures and could set a significant precedent for how cryptocurrency companies manage personal information in regions with rigorous regulatory standards.
U.S. Escalates Sanctions Against Venezuela’s Petro
In a move that underscores the geopolitical complexities of digital currencies, the United States has intensified sanctions against Venezuela, with a particular focus on the Petro cryptocurrency. This escalation is part of a broader effort to economically isolate President Nicolás Maduro’s administration and curb its ability to use digital assets to evade existing sanctions. The enhanced sanctions, framed under the VALOR Act, aim to garner international support for a peaceful democratic transition in Venezuela while maintaining economic pressure on the current government. This development adds another layer of complexity to the global cryptocurrency landscape and highlights the intersection of digital assets with international diplomacy.
Stellar’s Vision for Financial Inclusion: Investment in Puntored
Amidst these turbulent developments, a beacon of positive change emerges. The Stellar Development Foundation has announced a strategic investment in Puntored, a Colombian firm dedicated to enhancing remittances and financial inclusion through blockchain technology. This investment reflects a growing enthusiasm for using cryptocurrencies to improve financial services, especially in regions with significant remittance activity. By backing Puntored, Stellar aims to advance financial inclusion and accessibility in Latin America, showcasing the transformative potential of blockchain technology in addressing regional financial challenges.
These unfolding events not only illustrate the dynamic nature of cryptocurrency regulation but also highlight the broader implications for financial practices and international relations. As Latin America navigates this rapidly evolving landscape, the outcomes of these developments will undoubtedly influence the future trajectory of digital assets and their role in the global economy.
Conclusion:
Recent events in Latin America's cryptocurrency sphere highlight significant shifts. Brazil's suspension of X (formerly Twitter) could disrupt crypto news flow, while Chile’s lawsuit against Worldcoin emphasizes growing privacy concerns. The U.S. has intensified sanctions on Venezuela’s Petro, underscoring the intersection of digital assets and international policy. Amidst this turbulence, Stellar's investment in Puntored offers a beacon of progress, aiming to enhance financial inclusion through blockchain technology. These developments signal both challenges and opportunities for the future of cryptocurrencies in the region.

Polygon (MATIC) has garnered significant attention in the crypto community due to its role in scaling Ethereum and its overall robust architecture. Here’s a look at some key factors and projections regarding MATIC’s future price:
Factors Influencing Future Price
Adoption and Use Cases: Increased adoption of Polygon’s scaling solutions by dApps and DeFi projects can drive demand for MATIC. As more projects integrate Polygon for lower transaction costs and faster processing, MATIC's value could rise.
Network Upgrades: Upcoming upgrades and enhancements to the Polygon network, including advancements in scalability and interoperability, can positively impact the token’s price.
Market Sentiment: General market conditions and investor sentiment towards cryptocurrencies, particularly Ethereum-related projects, play a significant role in MATIC’s price fluctuations.
Partnerships and Integrations: Strategic partnerships and integrations with major projects and platforms can bolster Polygon’s market presence and drive MATIC’s price upward.
Price Projections
Short-Term Outlook (1-3 Months): Analysts often look at current technical indicators, market sentiment, and recent news to forecast short-term movements. Currently, if Polygon continues to demonstrate strong adoption and network growth, MATIC could see moderate gains. Price targets for the short term might range between $1.20 to $1.80, depending on market conditions and overall crypto trends.
Medium-Term Outlook (6-12 Months): Over a six-month to one-year period, if Polygon achieves key milestones and maintains its competitive edge in the Ethereum scaling ecosystem, MATIC could potentially reach $2.50 to $3.50. This projection assumes continued positive market trends and successful implementation of network improvements.
Long-Term Outlook (1-3 Years): Looking further ahead, if Polygon continues to scale effectively and capture a significant share of the blockchain market, its price could significantly appreciate. Long-term forecasts suggest potential prices in the range of $5 to $7, contingent on widespread adoption, technological advancements, and a favorable regulatory environment.
Note: Cryptocurrency markets are highly volatile, and prices can be influenced by a wide array of factors. Investors should conduct their own research and consider consulting with financial experts before making investment decisions.