You can make crypto trade by exchanging one crypto for another (such as Bitcoin to Ethereum) or buying or selling crypto using fiat currency (like US dollar to Bitcoin). Also, some investors may use cryptocurrency trading to increase market exposure. 
Crypto options trading refers to derivatives trading, which is a form of agreement or contract between two parties or more, whose value is based on an underlying financial asset, index, or security, previously agreed-upon between the parties. 
As with stocks and other financial markets, trading cryptocurrency can be complex, so before starting off, we’d like to stress the importance of understanding the assets and technologies involved in trading crypto. If you’re ready to venture into crypto trading, there are six steps to follow. 
Step 1: Open a Crypto Exchange Account
You can’t simply buy crypto using your bank account to start trading cryptocurrency. The first step to trade crypto is to open a crypto exchange account. 
A crypto exchange is a platform that allows users to buy and sell crypto. The best crypto brokerages on the market are Binance and Coinbase. To open a crypto exchange account, you’ll need to share some personal information, such as date of birth, personal address, Social Security number (in the United States), and your email address.
Step 2: Fund Your Account
Once your crypto exchange account is up and running, you’ll need to fund it. The easy way to do it is to connect your bank account with your trading account. Then, you can transfer fiat money through bank deposit, debit card, or wire transfer. Wire transfer is typically your cheapest option to fund your account, as it offers little to no fees. Trading fees may vary, so you can look at Binance’s transaction fees at their dedicated fee pages.
Step 3: Choose a Cryptocurrency to Trade
The most popular coin among traders is the two strong coins available on the crypto market: Bitcoin and Ethereum. But there are thousands of other fast-growing cryptocurrencies to choose from. Choosing the right cryptocurrency for you will involve many factors, such as risk management, market and technical analysis, and its market cap. 
Most traders prefer to trade Bitcoin and Ethereum as they have a higher trading volume than smaller altcoins. But, many crypto traders allocate a portion of their capital to smaller altcoins. In this case, you should use your own judgment on whether you should stick to smaller altcoins or go for more substantial and stable cryptocurrencies. 
Step 4: Pick a Strategy
Similar to trading stocks, experienced traders know they need a strategy – trading, in general, involves risk and pitfalls. Strategy, in this case, is the plan or the roadmap you will develop to guide you and mitigate financial risks in all your trading endeavors.
There are plenty of strategies to choose from, but the right method will depend on many factors, including experience, knowledge, analytical skills, patience, and discipline. Strategies can be divided into two: active and passive. 
Active trading strategies include day trading, swing trading, trend trading, and scalping – these strategies require more attention and constant monitoring and management. On the other hand, passive investment strategies don’t demand much attention and enable a more hands-off approach. Some examples are HODL and index investing. 

Step 5: Start Trading
Now that you’ve picked the crypto you want to trade and have developed the right strategy according to your risk profile, knowledge, and skills, it’s time to get your hands dirty. There are two ways to trade crypto: actively and automated. The most effective and easy way is to automate this process by using trading bots. 
These bots will automatically execute orders based on your strategy so that it can help you maximize your trading profits, reduce risks, diversify your portfolio, and give you leverage over manual traders. 
Step 6: Store Your Coins
If you’re exchanging crypto, you’ll need to store your coins in a wallet. Crypto exchange apps aren’t wallets. They do hold your crypto coins, but they don’t store them. Think of it like a physical wallet you use to keep your money – you can use a bitcoin wallet to store your bitcoin in digital form.
In general, crypto wallets come in two main types: hot and cold wallets. Hot wallets require an internet connection to function, and you can use a specific app to store your crypto. Cold wallets use a storage device that looks like a pen drive, and you can store your crypto. But it also refers to any storage that does not require an internet connection – it can be a physical box, a piece of paper, a hardware wallet, or a list of numbers and letters that you keep in your head. If you opt for a hardware wallet, Ledger Nano X and Nano S are the most popular cold wallets on the market.
Pros & Cons of Trade Crypto
Cryptocurrencies are highly volatile, so it’s very common to see Bitcoin prices fluctuate over 10% in a single day. This is a great opportunity for high-risk profiles to make a profit quicker than in the stock trading market. 
However, in the same way it’s a lot easier to make a profit, cryptocurrencies are risky. Trading crypto isn’t something for you risk-averse investors who cannot handle volatility. Read our article on the pros and cons of cryptocurrency to learn if it’s worth investing in.

Crypto Trading Vs. Stock Trading
Stocks and cryptocurrency are two very distinct types of investment. Both investments are liquid assets, but that’s the only commonality they share. 
In simple terms, when you invest in stocks, you own a percentage stake of the company you’ve invested in. Also, you can only buy and sell stocks during the opening hours of the stock exchange. The stock market is regulated and extremely strict, so there are penalties if you don’t comply with its laws and regulations. 
On the flip side, cryptocurrencies are decentralized, and the crypto market doesn’t have to deal with international laws and regulations. And as opposed to the stock market, in which you get dividends if your stocks perform well, you won’t get paid dividends in the crypto market. Instead, you can lend or stake your tokens to earn passive income.
The risks and returns of crypto are higher than other investments. Crypto trading is often considered more high risk than stock trading, but it depends on what stocks or cryptocurrency you’re trading and how you’re trading it. 
Before trading cryptocurrency, you should be aware that you risk losing your money to the market. If you really believe in the future of cryptocurrency, holding your crypto assets for the long term may be more beneficial than trying to time the markets.
How Crypto Trade Works
The structure of the cryptocurrency trade is very simple. There’s a buyer and a seller. As far as a zero-sum game goes, one person will gain and the other will lose. Understanding that will help you to minimize potential loss and optimize your gain. 
When there are more people buying or trading crypto orders than selling, the price goes up, as the demand for the asset rises. Conversely, if there are more people selling than buying, the price usually goes down.
Market Patterns & Cycles
Both the stock and crypto markets work in cycles. It’s crucial for every trader to learn to read and perceive market trends, patterns, and cycles to know where and how you can position yourself. At first, the crypto market may seem complex, but as you begin to understand, it gets a lot easier. 
Reading the market is an ongoing process – one way to do it is to run a Technical Analysis (TA) of the market. There are a variety of complex indicators that a trader could use to analyze the market but for the purpose of this article, let’s stick to the basics. 
Market structure and cycles
You can spot patterns on a market over years as well as within hours, days, and weeks. In the case of the crypto market, it has four phases: the accumulation phase, the run-up phase, the distribution phase, and the run-down phase. In crypto, the best time to buy and sell is in contrarian investing – which means going against the market: selling when the market is buying and buying when the market is selling.
Chasing the whale
The “whales” are individuals or a group of people who basically dictate the market trend and behavior, by holding or selling large amounts of cryptocurrencies. So, why should you follow what these individuals or institutions are doing? Simply put, because they know what they are doing. If you’re able to anticipate the intention and movement of a whale, you can follow up with your strategy and maybe profit from that. 
The psychology of the market
As the name suggests, this tool provides the market sentiments. The overall feeling of greed and fear of investors tends to set market trends as well. 
As a rule of thumb, all investors should leave their emotions out of the trading game, as the emotional pressure may leave investors anxious over losing buying and selling opportunities and losing control over their investments.

Author: Camila Santiago

#CryptoTradingGuide #CryptoTradingGuide #CryptoTradingGuide #CryptoTradingGuide #CryptoTradingGuide

The settlement approved by District Court Judge Jed Rakoff of the Southern District of New York (SDNY) involves Terraform Labs and Kwon paying a combined $4.5 billion in disgorgement and civil penalties while being permanently banned from buying and selling all "crypto asset securities," including Terra ecosystem tokens.
The settlement comes just two months after a New York jury found Terraform Labs and Kwon civilly liable for fraud stemming from the $40 billion collapse of the Terra ecosystem in May 2022. Terra's implosion led to the collapse of crypto hedge fund Three Arrows Capital which, in turn, took out other crypto companies including Genesis Global Capital and, indirectly, FTX.

“This case affirms what court after court has said: The economic realities of a product — not the labels, the spin, or the hype — determine whether it is a security under the securities laws,” said SEC Chair Gary Gensler in a Thursday press release. “Terraform and Do Kwon’s fraudulent activities caused devastating losses for investors, in some cases wiping out entire life savings. Their fraud serves as a reminder that, when firms fail to comply with the law, investors get hurt. Terraform and Kwon fought our efforts to investigate – taking a fight over investigative subpoenas all the way to the Supreme Court. Thankfully, with this settlement, the victims of their massive fraud will now get some justice.”
The SEC first suggested a $5.3 billion settlement in the case, which lawyers for Terraform Labs countered by telling the judge that the company should be fined no more than $1 million in civil penalties. On June 6, lawyers for both Kwon and Terraform Labs agreed to the SEC's second settlement offer of $4.5 billion.
Kwon, still in custody in Montenegro awaiting a decision on his extradition, did not appear at the trial where the settlement was reached.
Terraform Labs is currently in Chapter 11 bankruptcy protection and, according to current CEO Chris Amani's trial testimony, has approximately $150 million in assets on hand. It is currently unclear how the company will pay the hefty fines.
The settlement is binding and cannot be appealed.

#DoKwon #TerraLabs #TerraNetwork #Luna

BlockDAG's latest Keynote 2 event has ignited significant investor interest, with forecasts seeing its coin reach $10 by 2025 and escalate to $30 by 2030. Amid a pricing decline in Super Trump (STRUMP) and the ascent of JasmyCoin, BlockDAG differentiates itself with pioneering advancements and a promising growth path. With over $49.5 million raised through its 18th presale batch and a current price of $0.0122, BlockDAG is gearing up to deliver stellar returns. Featuring innovations like the X1 Miner App and a low-code/no-code platform, BlockDAG is on track to revolutionize the crypto market and deliver substantial investor value.
Super Trump Experiences a Dip Amid AI Meme Coin Frenzy
Super Trump (STRUMP) has experienced a 9% decline, now trading at $0.02315, with its trading volume falling by 29% to $6.7 million. After a period of consolidation in April and May, STRUMP peaked briefly at $0.023 before retracting to $0.010. Nevertheless, it remains 394% higher over the past two weeks, suggesting bullish potential above both 50-day and 200-day SMAs. The RSI suggests a growing interest among investors.

JasmyCoin Anticipates Major Gains
JasmyCoin (JASMY) is at the forefront of the crypto rally, registering an 18% rise to $0.041 after a robust 61% increase over seven days. Having broken out of an ascending triangle, the price could potentially reach $0.064. Although there might be a retracement to fill fair value gaps at $0.032 and $0.028, JASMY maintains a strong bullish stance. This momentum is partly driven by the burgeoning decentralized Physical Infrastructure Network (DePIN) sector, now valued at $29 billion. Investors are buoyed by JASMY's strategic position in the DePIN sector and its potential future partnerships, predicting that JASMY could reach new heights as it gains market presence.

BlockDAG's Keynote 2 Catalyzes Bold $10 Price Predictions
BlockDAG is building momentum with projections of its coin hitting $10 by 2025 and $30 by 2030, hinting at a potential 30,000x return on investment. With over $49.5 million amassed by its 18th presale batch and a current price of $0.0122, BlockDAG's growth trajectory is promising, marking it as an attractive investment option in the cryptocurrency sphere.
The recent Keynote 2 event played a crucial role, sparking increased interest in BlockDAG. Highlights included the launch of the X1 Miner App, now accessible on both Android and Apple platforms, which simplifies the mining process, enhancing user engagement and accessibility. The event also spotlighted over 45 updates relating to blockchain advancements and global marketing strategies, emphasizing the project's commitment to transparency and cutting-edge development.
BlockDAG's Directed Acyclic Graph (DAG) technology emerged as a standout, enabling concurrent operations to enhance scalability and security. This innovative approach allows for simultaneous transaction confirmations, ensuring high throughput and quick confirmation times, which sets BlockDAG apart in the crowded crypto field.
Moreover, the keynote introduced BlockDAG's low code/no-code platform, tailored to democratize decentralized application development. This feature enables non-developers to create and manage applications, expanding access to blockchain technology. With a comprehensive roadmap and ongoing enhancements, BlockDAG is poised to dominate in decentralized innovation, making it a prime choice for investors aiming for significant returns.

Key Takeaways
BlockDAG's strategic innovations and robust advancements position it as the top investment choice in the evolving crypto landscape. While Super Trump deals with a price dip and JasmyCoin continues to grow, BlockDAG's thriving presale and advanced DAG technology highlight its potential for substantial growth. Investors looking for significant returns should eye BlockDAG, poised to lead the market with scalable solutions and user-centric applications.

#blockDAG #Jasmyusdt⚠️⚠️ #jasmy #DAG #JasmyCoinJourney

Binance has expanded its trading options by introducing new trading pairs for Notcoin ($NOT ) and Dogwifhat ($WIF ). From tomorrow, Notcoin will be traded for the Brazil Real (BRL) and Dogwifhat for the Euro (EUR).
Binance Adds Notcoin and Dogwifhat Trading Pairs
Binance is still adding new trading pairs and now offers Notcoin and Dogwifhat for trading. Notcoin started its journey as a Telegram game on the TON blockchain and became widely popular due to the tap-to-earn mining system. Initially met with skepticism, it has since expanded, reaching $1.8 billion in market capitalization and $1 billion in trading volume.

Another meme coin that has also performed well is Dogwifhat, a Solana-based token depicting a Shiba Inu dog wearing a hat. Dogwifhat was launched in November 2023, and within no time, its price went from almost zero to $4.88. The token now has a market capitalization of $2.76 billion and a trading volume of $500 million. These new pairs, available for trading in BRL and EUR, show the importance of the tokens in the market as they bring liquidity and convenience for traders.
By listing popular tokens like Notcoin and Dogwifhat, Binance wants to attract more trading volume and generate more revenues through trading fees. These pairs are evidence of Binance’s efforts to diversify its platform and enhance its clients’ trading experience.

Besides the new trading pairs, Binance will also offer trading bot services for Notcoin and Dogwifhat. These bots will also help improve the trading experience by providing automated trading options to users so they can manage their trades. Nevertheless, traders from several countries, such as the United States, Canada, and the Netherlands, cannot trade these pairs because of regional restrictions.
Users need to verify their accounts to trade these new pairs. This measure enhances compliance with legal frameworks and the safety of trading activities on the platform. Through these measures, Binance seeks to ensure that its trading platform is secure and complies with the law.
Dogwifhat Price Surges by 11% 
Following the announcement, the market has reacted positively to the news. The price of WIF increased by 11% and is currently trading at $2.75. Despite this price increase, the trading volume for WIF has decreased by 6.09%, indicating a potential bearish trend in the market. Traders have established a support level at $2.42 and a resistance level at $2.90, highlighting the volatility in the WIF market.
Similarly, NOT has seen a price increase of over 20%, currently trading at $0.01858. The highs and lows for Notcoin are $0.015 and $0.01905, respectively. These price movements reflect the market’s response to Binance’s announcement and the growing interest in these tokens.
#NOT🔥🔥🔥 #wifhatdog #Dogwithhat #Notcoin👀🔥 #Notcoinnews

Notcoin (NOT) is experiencing a bullish uptick, with a 14% pump in the past day.
This takes NOT’s price up to $0.018 after a period of bearish momentum.
And some traders think the new PlayDoge (PLAY) gaming token could be next to follow suit, thanks to its retro vibes and P2E rewards.
Notcoin Sees 14% Surge as Trading Volumes Pick Up
If you’re watching the market, Notcoin has likely caught your eye this week.
The meme-themed gaming coin is currently up over 8% since yesterday, continuing its rebound from Tuesday’s low.
While $NOT may be taking a breather now, trading sideways around the 50-period simple moving average (SMA) on the 4-hour chart, it could be forming a bull flag pattern.
That means another bullish surge could be brewing for the coin.
However, NOT still has a long way to go before reclaiming its June 2 all-time high, with another 64% rise needed to reach that level.

But the good news is Notcoin’s positive price action is backed by meaningful volume.
Spot trading activity for the token jumped 67% to $1.2 billion over the past day – making it the 13th most traded crypto globally.
This is higher than the likes of XRP and Shiba Inu.
Ultimately, the stars are aligning for Notcoin as it continues to attract more investors.

Key Drivers Behind Notcoin’s Bullish Resurgence
So, what’s driving this resurgence for Notcoin?
Well, a few key factors seem to be converging this week.
First, there’s been a major boost for the Telegram Open Network (TON) blockchain, which Notcoin calls home.
TON has now flipped Ethereum in terms of daily active addresses – a huge milestone that shines a spotlight on the budding ecosystem.
Since NOT is TON’s premier meme coin, it’s reaping the benefits of being in the right place at the right time.

In addition, NOT’s tokenomics took a bullish twist when the devs tweeted that they’d revoked their ownership privileges.
That means the supply is now capped – taking future inflation fears off the table.
But the biggest catalyst has been the changing macro landscape.
With cooler inflation data rolling in and the Fed keeping interest rates the same, the appetite for riskier crypto plays has been boosted.
Notcoin is clearly benefiting from that trend.
These three factors are creating the ideal conditions to drive NOT’s price higher this week.
#NOT🔥🔥🔥 #Notcoinnews #Notcoin👀🔥 #NOTCOİN #notcoinprediction

Interest rates are the discussion in every other individual’s mouth as they affect day-to-day life, impacting the way of living for every individual. The term interest is the additional amount a person pays other than a loan when he borrows money. It is also the amount the banks offer for keeping your money deposited in their care as a part of their schemes. But who decides these Interest rates? The decision on interest rates and many economy-related decisions like Inflation, which is the rate at which the price of goods and services changes, are taken by the Federal Reserve System in the US by forming FED meeting.
One of those FED meetings is happening right now and is on the second and final day of the schedule. It is the most awaited event for commoners and investors as this can impact their finances heavily.

FED Meeting History & Expectation
Federal Reserve System, which is famous by the term “FED” is the central bank of the United States, established in 1913 to regulate Financial institutions. The FED organizes eight Federal Open Market Committee (FOMC) meetings to discuss and make decisions on monetary policies and interest rates.
Earlier at the beginning of the year, FED expressed their vision to bring the inflation rate down to 2% by the year’s end, and to do they will introduce interest rate cuts within this year. As of now, the US inflation rate is around 3.4%, which is decent and much better than the alarming rate of 9% in June 2022.
The idea of interest rate deduction seems more prominent as the European Central Bank and the Bank of Canada have already presented similar cuts. The officials might or might not go for the same in today’s FED Meeting.
Will Interest Cuts Happen In This June FED Meeting?
The current Fed (interest) rate is 5.25% to 5.50%, making borrowing difficult. It is the highest level in the past 23 years and has been constant for almost a year now. The chances of the Interest rate staying the same are higher than any other possibility.

Micheal Feroli, the Chief U.S. Economist at J. P. Morgan, earlier said that the US economy is on the right track.
At the press conference, we expect Chair Powell will express confidence that the economy is still on the right path and that the FOMC can be patient in gaining confidence that inflation is heading toward two percent
Additionally, the date of increased employment the previous month indicates a positive effect on the current interest rate. The labor department has created 297,000 new jobs, but it is also important to note that the employment rate is still at 4, which is on the lower side. It is because the jobs created were more on the side of part-time than offering full-time opportunities.
The inflation rate will stay constant for now or might drop, but the chances of an increase are low. Many top analysts also believe the same and have a positive opinion on its impact on the finance industry. As per analysts, as long as the economy stays the same, the inflation rates will not impact the financial market.
Overall, no Interest rate deduction will happen in this June FED meeting. The authorities might announce the schedule of these deductions.
Interest Rate Cuts Might Not Happen At All
Many famous finance strategists like Lance Roberts have spoken on the possibility of seeing no cut rates at all, as the economy is doing just fine now.  Moreover, there is no actual proof that the “Inflation is Moderaring as fast as they would like.”
However, on the other hand, the FED meeting has spoken of three cut rates, after much discussion. If, despite the odds, such an interest rate deduction occurs, the first cut might happen around September, not any time before that. Moreover, the two other cuts can be expected for November and December to bring the interest rates closer to the 2% target.
#BTCFOMCWatch #FED #FOMOalert #altcoins #btc

The upcoming FOMC meeting and the release of actual CPI data could significantly impact investor confidence and influence the net flow trend for Bitcoin ETFs.
After a re­cord-breaking streak of net inflows, US spot Bitcoin e­xchange-traded funds (ETFs) faced a significant change­ in investor sentiment on Tue­sday, with net outflows reaching $200 million, reve­rsing the positive trend se­en since May 13, according to SoSoValue.
Grayscale’s Bitcoin Inve­stment Trust (GBTC), the world’s largest Bitcoin fund, le­d the outflows by losing $121 million on Tuesday, indicating investor conce­rns. Ark Invest’s ARKB also saw substantial net outflows totaling $56 million.
Bitwise Asse­t Management’s BITB had a smaller outflow of $12 million, while­ Fidelity and VanEck’s offerings expe­rienced single-digit ne­t outflows. Notably, BlackRock’s IBIT remained unchanged on Tue­sday, with zero net flows.
This shift follows a remarkable­ 19-day run of consecutive net inflows for US spot Bitcoin ETFs, which e­nded on Monday. Despite the­ outflows on Tuesday, these funds still hold a cumulative­ net inflow of $15.42 billion since their ince­ption in January.
Markets Await US Economic Data
Financial markets are eagerly waiting for important economic data from the US. Wednesday is a crucial day, with the Federal Open Market Committee (FOMC) meeting results and the Consumer Price Index (CPI) data set to be released.
The upcoming CPI report, a critical measure of inflation, is expected to show a modest 0.1% increase compared to April. This fits with the overall disinflationary trend currently seen in the economy, according to CNBC.
The FOMC meeting, on the other hand, is expected to be a non-event, with a near-certainty of no change in interest rates. According to CME Group, there’s a 99.4% chance the Fed will maintain the current rate range of 5.25% to 5.50%. 
However, a Reuters poll of economists suggests the Fed might implement two rate cuts later this year, with the first potentially coming in September.
Market Sentiment Shifts Impact Bitcoin Prices
Bitcoin price has also shifte­d investor sentiments. Bitcoin is curre­ntly trading at $67,470, a 6.30% drop from its peak of nearly $72,000 last wee­k. This price drop happened at the­ same time as spot Bitcoin ETFs saw money flowing out, sugge­sting there might be a pote­ntial correlation betwee­n investor sentiment and Bitcoin’s marke­t price.
The outcome of the­ FOMC meeting and the re­lease of actual CPI data could significantly impact investor confide­nce and influence the­ net flow trend in these­ funds. It is still uncertain whether the­ recent outflow is a temporary occurre­nce or indicates a more fundame­ntal shift in investor sentiment.
#btc #BTCFOMCWatch #fomo. #BTC☀