#BenjaminCowen #ETH🔥🔥🔥🔥 #Bitcoin❗ #BinanceSquareFamily
#bitcoin☀️

Introduction

Renowned crypto analyst Benjamin Cowen has conveyed his belief that Ethereum (ETH), the largest altcoin by market cap, may soon surpass Bitcoin (BTC) in performance. His optimistic forecast arrives amid notable price volatility for both leading cryptocurrencies, with Cowen suggesting that Ethereum's current downward trend will conclude by the year's end, paving the way for a rebound.

Ethereum On Track To Outperform Bitcoin

In a recent appearance on the Bankless podcast, Cowen offered a thorough examination of the current landscape of the crypto market, focusing on the price dynamics of Bitcoin and Ethereum in relation to past bull cycles. He shared his perspective on Ethereum's prospects, asserting that the cryptocurrency is likely to outperform Bitcoin in the forthcoming bull cycle.
Cowen pointed out that the Third Quarter (Q3) of 2024 has been relatively uneventful, with both August and September witnessing sharp price drops and prevailing negative sentiment across the broader crypto market. He anticipates that Ethereum could experience further declines before any significant recovery in price occurs.
The analyst highlighted Ethereum's distinct trend patterns observed during previous cycles, noting that the ETH/BTC trading pair typically peaks, hits a low, and then forms a lower high. He recalled that in 2016, Ethereum first broke support, reached a peak, and then faced a decline exceeding 70%. Nevertheless, the cryptocurrency eventually rebounded and resumed its upward path in the post-halving year.
Cowen emphasized that this unique price behavior has consistently recurred in each bull cycle, and Ethereum appears to be on a similar path currently. Historically, in prior bull cycles, Ethereum has outshone Bitcoin, and Cowen is optimistic that this trend may repeat itself in the current cycle.
Consequently, Cowen predicts an impending pivot from the Federal Reserve (FED), which he believes will lead the ETH/BTC pair to reach a price bottom by the close of the year. The analyst foresees that Ethereum's price may drop below $2,000 in the Fourth Quarter (Q4) of this year before bouncing back to new highs.

Is The Bull Market Dead?

During the podcast, Cowen faced numerous inquiries, the most pressing being, “Is the bull market over?” This question stems from the current conditions within the crypto market. Following Bitcoin’s all-time high exceeding $73,000 in March 2024, the cryptocurrency has been on a substantial downward trajectory, even dipping below $54,000 at certain points this year. This unforeseen bearish trend, following its halving event on April 20, has sparked speculation regarding the future of the bull market.

Conclusion and Final Thoughts

As Benjamin Cowen articulates his confident outlook for Ethereum’s potential to outperform Bitcoin, the cryptocurrency community watches closely for signs of market recovery. His analysis sheds light on the cyclical nature of crypto prices and the factors influencing their movements. While the current market may appear challenging, Cowen's insights provide a glimmer of hope for Ethereum's resurgence, making it a focal point for investors and enthusiasts alike.

#Ripple💰 #RippleStablecoin #CoinbaseExchange. #BinanceSquareFamily
#tokens

Introduction

In a noteworthy development, the U.S. Securities and Exchange Commission (SEC) has revised its position regarding the classification of cryptocurrencies, heralding a moment of triumph for crypto supporters. In its amended complaint against Binance, the SEC stated that it does not regard crypto assets themselves as securities. This revelation, though mentioned in a footnote, quickly gained traction among industry leaders, including the Chief Legal Officers (CLOs) of Ripple and Coinbase.

Contents
1. Reactions from Coinbase and Ripple's CLOs
2. Frustration Over SEC’s Inconsistent Regulations
3. The Ripple Case Under Examination

1. Reactions from Coinbase and Ripple's CLOs

Paul Grewal, Coinbase’s Chief Legal Officer, highlighted this crucial update in a series of posts on X (formerly Twitter). He underscored the importance of the SEC’s admission by quoting directly from the amended complaint. Grewal remarked, “‘The SEC regrets any confusion it may have invited’ by falsely and repeatedly stating that tokens themselves are securities.”
He characterized the language in the footnote as “remarkable,” criticizing the agency for its reversal of a long-standing position on crypto regulation. Grewal also noted the potential ramifications this shift could have on ongoing litigation involving other crypto entities, particularly Ripple. He tagged Ripple's CLO, Stuart Alderoty, in his post, suggesting that Alderoty might be surprised by the SEC's latest statement.

2. Frustration Over SEC’s Inconsistent Regulations

Stuart Alderoty responded with a mix of vindication and frustration. Quoting Grewal’s post, he expressed his views on the SEC's contradictory approach to cryptocurrency regulation. Alderoty stated, “So the SEC finally admits that 1/ ‘crypto asset security’ is a made-up term and 2/ to prove a ‘crypto asset security’ is an investment contract, the SEC needs evidence of a bundle of ‘contracts, expectations, and understandings’?”
He went on to criticize the SEC’s ever-evolving stance, labeling the agency as “a twisted pretzel of contradictions.” Alderoty humorously proposed a redesign of the SEC's logo to reflect their complex legal entanglements.

3. The Ripple Case Under Examination

The SEC’s acknowledgment is a relief for many within the cryptocurrency sector, especially following years of what has been termed “regulation by enforcement.” Grewal emphasized this concern, stating, “That SEC absolutely ‘maintained’ that tokens themselves are securities is clear from the long record of their regulation by enforcement campaign. Why mislead...”

Conclusion and Final Thoughts

The SEC's recent admission that crypto tokens are not classified as securities represents a significant pivot in its regulatory stance, eliciting strong reactions from key figures in the industry. As the crypto community digests this announcement, the implications for ongoing litigation and future regulatory frameworks remain to be seen. The contrasting views from Coinbase and Ripple's legal leaders highlight the complexities and challenges faced by the cryptocurrency sector as it navigates an evolving regulatory landscape.

#StarkNetPricePredictionChatGPT #StarknetRevolution #STARKNETDEFI
#StakingRevolution #BinanceSquareFamily

Introduction

The Starknet community has recently approved a pivotal proposal to implement a staking mechanism for the STRK token on its Layer 2 network. This decision marks a significant advancement in the platform's governance and overall development.

Contents
1. Overview of the Staking Proposal
2. Details on the Staking Mechanism for STRK
3. Implications of Staking for STRK Holders

1. Overview of the Staking Proposal

The proposal, referred to as “SNIP 18,” was submitted by core developer StarkWare and received overwhelming support during a recent vote held on the new decentralized platform Snapshot X. An impressive 98.94% of participating voters backed the implementation of staking, while 0.45% abstained and 0.61% voted against it.

2. Details on the Staking Mechanism for STRK

Under the approved staking mechanism, holders of the STRK token are required to possess a minimum of 20,000 tokens to participate as stakers. Those who do not meet this threshold can still delegate their tokens for staking purposes. Eli Ben-Sasson, CEO of StarkWare, emphasized the importance of this development, calling it a “historic milestone” for the chain's evolution toward full decentralization.
The implementation of staking is expected to go live on the testnet shortly, with a mainnet launch anticipated in the fourth quarter of this year. This timeline presents a crucial opportunity for STRK holders to prepare for their involvement in the staking ecosystem.

3. Implications of Staking for STRK Holders

A significant aspect of the approved proposal is the minting mechanism, designed to align staker rewards with inflation expectations. This mechanism utilizes a minting curve based on a proposal from Professor Noam Nisan, defined by the formula **M = C/10 √S*, where S represents the staking rate as a percentage of the total token supply, M is the annual minting rate, and C is the maximum theoretical inflation rate.
Initially, the value of C will be set at 1.6, but the proposal includes mechanisms for future adjustments. Either a monetary committee established by the Starknet Foundation or the Foundation itself will have the authority to modify C within a range from 1.0 to 4.0, based on the rates of staking participation.
To maintain transparency, any modifications to the minting curve constant must be publicly announced on the community forum at least two weeks in advance, along with a detailed justification.

Why Stake STRK?

The introduction of staking presents significant benefits for STRK token holders, including enhanced participation in network governance and the potential to earn rewards. However, it is noteworthy that the relatively low voter turnout of 0.08% of eligible voters highlights the need for increased community engagement in future governance decisions.
Looking ahead, Starknet plans to roll out additional governance features and responsibilities for stakers in phases. These may encompass roles in decentralizing the network’s sequencer and prover, further solidifying the platform's commitment to decentralization. Additionally, in recent developments, the Starknet Foundation witnessed the resignation of its former CEO, Diego Oliva.

Conclusion and Final Thoughts

The approval of the staking mechanism for STRK tokens represents a crucial step in Starknet's journey toward decentralization and community engagement. As the platform gears up for its staking launch, STRK holders are presented with new opportunities for involvement and governance. The implementation of a transparent minting strategy further underscores Starknet's dedication to fostering a sustainable ecosystem. Moving forward, active participation from the community will be essential in shaping the future of the network.

#MarketSentimentToday #BinanceTurns7 #Bullish2025
#fearandgreedindex #BTC

Introduction

Bitcoin has shown promising signs of recovery with a solid 6% bounce, positioning itself back into a more stable zone within its descending broadening wedge. The price action this week suggests a building momentum, potentially setting up for a larger move. Let's break down the current market dynamics.

Positive Price Patterns Emerging

So far, this week's price movement has formed what is known as an "Inside Candle," a key technical signal indicating that balance is being restored and momentum is brewing for a potential breakout. If Bitcoin continues to form consecutive Inside Candles, it could serve as a strong indication of an upcoming bullish impulse wave.
There is still plenty of time until the weekly close, but the current technical indicators in the chart suggest a bullish outlook for Bitcoin at this moment. However, we cannot ignore the potential for high volatility, especially with the Federal Reserve’s interest rate decision looming. A bearish reaction to the Fed's announcement could drag Bitcoin down in the short term, but for now, the chart looks optimistic.

Recent Developments : Bullish Engulfing and Inverted Head & Shoulders

As Bitcoin climbed back up to $58,000, a bullish engulfing pattern appeared on the charts, further supporting the bullish sentiment. Additionally, the current price structure is shaping into an Inverted Head & Shoulders pattern, a classic bullish indicator as we approach the Fed’s expected rate cut next week.
It's important to note that bearish sentiment is still prevalent in the broader market. Many analysts and content creators have been flooding platforms like YouTube and Twitter with bearish predictions. Meanwhile, the Bitcoin Fear & Greed Index reached "Extreme Fear" last week, reflecting ongoing market Skepticism.

Despite these concerns, the crypto and precious metals markets continue to maintain a decent share of bullish participants. In the crypto space, many traders remain largely unaware of the historical implications of Fed interest rate cuts, leading to mixed opinions on future market trends.

The Broader Market Sentiment

While bearish views are dominating the stock markets, where traders tend to have a deeper understanding of fundamental economic factors, it's worth noting that many believe a Fed rate cut signals an impending recession or even depression. Stock traders appear to be bracing for the worst, expecting that any rate cut will lead to more economic hardship.
In contrast, crypto markets are starting to look bullish again, and there is even speculation that we could be on the verge of a broad-based "everything" melt-up bull market. The charts across various markets are painting a more optimistic picture than many would assume, particularly in the face of widespread bearish sentiment.

Final Thoughts : Stay Cautious but Optimistic

While it's crucial to remain cautious amidst the widespread fear and uncertainty, the technicals suggest that Bitcoin and other markets may have more upside potential. Traders should be aware of the possibility of short-term volatility following the Fed's decision but also consider the bullish signals that are starting to emerge.
Keep an eye on other analysts who may be calling for a market crash based solely on their interpretation of the Fed's actions. Many are hoping to align their technical analysis with popular bearish narratives, but the charts might tell a different story.

#MarketForecast #MarketSentimentToday #MarketImpact
#BinanceSquareFamily #BinanceEverywhere

Introduction

The release of U.S. Producer Price Index (PPI) data has led to a dip in Bitcoin’s value, which coincided with the opening of stock markets. Meanwhile, gold prices have surged to all-time highs, and the European Central Bank (ECB) President has forecasted a rise in inflation by the last quarter. Financial experts have shared their views on the current state of the cryptocurrency market.

September 12 Cryptocurrency Insights

QCP Capital analysts offered their take on the recent market conditions. Their comprehensive analysis, which takes into account macroeconomic developments, continues to guide many market participants. With the Federal Reserve’s interest rate decision just days away, many expect a 25 basis point (bp) rate cut to be announced next Wednesday.
"The U.S. Consumer Price Index (CPI) data released yesterday met market expectations, with core CPI increasing to 0.3%, slightly above the predicted 0.2%. This data has significantly raised the probability of a 25bp Fed rate cut, now standing at 85%.
In the crypto sector, Bitcoin (BTC) recovered from its earlier losses to stabilize around $57,000, indicating renewed demand and a positive market outlook. Increased options activity, particularly in October-December Calls, reflects this sentiment. BTC volatility dropped by 12 points this week due to the CPI release and the ongoing U.S. presidential debates. With no major macroeconomic events on the horizon, we anticipate lower volatility leading up to next week’s Federal Open Market Committee (FOMC) meeting.
Considering the overall economic climate, the market appears to be gaining momentum, fueled by expectations of the upcoming rate cut and the approaching U.S. Presidential Elections."
Analysts predict that cryptocurrencies could reach higher levels by November and December, driven by these bullish signals.

Bitcoin’s Current Position

Bitcoin is currently trading at $57,000, and many market analysts anticipate an upward trajectory if this support level holds. If key technical levels are maintained leading up to the Fed’s decision, it could spark increased risk-taking in altcoins. However, the ECB President’s prediction of a rise in inflation in the last quarter adds a layer of uncertainty.
If the Fed does cut rates while labour market data continues to weaken and inflation rises globally, it could dampen hopes for a year-end rally in the markets.