BlackRock To Challenge USDT And USDC’s Dominance With New Proposal
BlackRock is set to challenge USDT and USDC’s dominance with its new proposal for crypto exchanges to adopt its BUIDL token as collateral on the derivatives market. This forms part of the world’s asset manager’s move to gain a greater hold of the crypto market, seeing as it already holds a significant amount of bitcoins through its Spot Bitcoin ETF.
BlackRock To Challenge USDT And USDC’s Dominance
BlackRock’s new proposal seeks to challenge USDT and USDC’s dominance in crypto derivatives. According to a Bloomberg report, the world’s largest asset manager and its brokerage partner, Securitize, are in talks with some of the top crypto exchanges, including Binance, OKX, and Deribit, about using the BUIDL token as collateral on the derivatives market.
This move challenges Tether’s USDT and Circle’s USDC since both stablecoins are the most commonly used in the crypto derivatives market. Meanwhile, it will also provide additional utility for BlackRock’s BUIDL token.
Institutional investors are currently the primary users of the token as crypto prime brokers like FalconX and Hidden Road accept it as collateral among their clients, including hedge funds. Therefore, having BUIDL on platforms like the world’s largest crypto exchange, Binance, will undoubtedly expand the token’s adoption.
It will also help boost the company’s revenue, considering that the asset manager currently charges a 0.5% management fee on the BUIDL token. Introducing the token into the crypto derivatives market is also strategic, considering that it accounts for most of the trading volume in the crypto space.
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$GOAT is looking more and more like $SPX.
The higher it climbs, the fewer buyers step in. And the fewer buyers there are, the more it pumps. But every market cap has a ceiling.
Take $SPX as an example—it never got listed on major exchanges, yet it ran to $1B. Could it double to $2B? Maybe. But to $4B? That’s where things get tricky.
$GOAT faces the same dilemma. Who’s going to take on that much risk just for a 1x profit? If you want to chase a double, Bitcoin seems like a safer bet.
When meme coins hit a certain threshold, it becomes awkward:
• If it drops, retail doesn’t buy. Why? Because they never believed in it to begin with—the dip just confirms their doubts.
• If it pumps further, retail still won’t buy. There’s no room left to run, and the risk far outweighs the reward.
At that point, it’s just whales and retail traders staring at each other. Nobody blinks, and the air fills with an eerie silence.
$SAGA /USDT Analysis:
Long Entry: $2.95
Short Entry: $2.90
Stop Loss Long: $2.88
Stop Loss Short: $3.00
The price action shows consolidation between $2.90 and $2.95, indicating a potential breakout or breakdown. A breakout above $2.95 suggests bullish momentum with a target toward $3.05. Conversely, a break below $2.90 could lead to a bearish move targeting $2.85.
$BTC /USDT Analysis:
Long Entry: $68,650
Short Entry: $68,200
Stop Loss Long: $68,000
Stop Loss Short: $69,000
BTC is showing a small pullback after reaching $69,000. If it reclaims $68,650, expect a bullish rally toward $69,500. However, if it breaks below $68,200, it could target $67,800 in the short term.
Both markets show consolidation patterns, suggesting explosive moves once these ranges break!#TeslaTransferBTC #SCRSpotTradingOnBinance #USRetailSalesBoost #BNBRisesTo600 #CanaryLitecoinETF
Solana Price Forecast: SOL climbs 5% as community reviews Firedancer validator performance.
Solana rises 2% as its community considers Firedancer performance upgrades.
Bitcoin Layer 2 startup Solv Protocol issued BTC staking token on Solana blockchain.
Bullish technical indicators boost Solana's prospects of a roughly 11% rise.
Solana (SOL) price rises more than 2% on Friday, reflecting the overall advances among the top cryptocurrencies, as its community talks Firedancer, a new validator that might improve blockchain performance, on social media.
At the introduction of Solv Protocol, Solana prepares for the mainnet launch of Firedancer, a high-performance validator developed by Jump Crypto, a Web3 infrastructure startup. In September, Firedancer launched on the testnet. The mainnet debut is scheduled in early 2025.
The validator should improve Solana's transaction processing, increasing its usefulness and adoption.
Jump Crypto's Chief Science Officer Kevin Bowers emphasized the need of a second fully working validator for the Solana blockchain at the “Breakpoint” annual conference in Singapore at the end of September. The debut date is unknown.
Kyle Samani of Multicoin told Milk Road on YouTube that Firedancer is Solana's “northstar” and may help the token rival Ethereum.
In other Solana news, Solv Protocol launched its Bitcoin staking token on the network. SolvBTC.JUP, a Bitcoin pilot Liquid Staking Token (LST), launched Thursday.
Solana has traded rangebound for over six months, between the July peak of $193.98 and the August 5 low of $110.
Momentum indicators like MACD and RSI indicate the token's potential for growth.
Green histogram bars above neutral indicate positive momentum in the MACD. The RSI is above neutral at 57 and rising.
SOL might surge over 11% and test resistance at $169.43, a level not reached in over two months.
#Solana #Sol #MemeCoinTrending $SOL
{spot}(SOLUSDT)
Fed and BlackRock
😎😎😎😎💯💯💯
Discussions are ongoing with global exchanges about using tokenized bonds as collateral in futures trading. We can expect striking headlines soon, indicating that BlackRock has reached agreements with specific exchanges. Every news item related to BlackRock’s tokenized bond is vital for Ethereum $2,661, as the bond was issued on the Ethereum network
Meanwhile, statements from Fed officials are generating significant attention. Waller, while this article was being prepared, mentioned that stablecoins could provide significant advantages in global payments and stated:
“Stablecoins need controls to minimize risks. They may benefit payment systems. Decentralized finance technologies can offer efficiency.”
These statements lay the groundwork for a future where cryptocurrencies can work in harmony with traditional finance. The rise of such voices from the Biden administration, which has historically been opposed to cryptocurrencies, is exceedingly positive for the crypto landscape in the medium to long term.
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🚨Shiba Inu Poised for a Breakout: Bulls on the Offensive! 🚀
Shiba Inu ($SHIB) has been trading just below the $0.000020 overhead resistance, showcasing that the bulls are holding their ground and keeping the pressure on! 🔥
📈 Breakout Potential:
With the 20-day EMA ($0.000017) trending upwards and the RSI in positive territory, the stage is set for a potential breakout. If the price closes above $0.000020, the SHIB/USDT pair will complete an inverted head and shoulders pattern, signaling a bullish reversal with a target objective of $0.000028!
⚠️ Bearish Counteraction:
However, if bears want to thwart this upward momentum, they must act quickly to pull the price below the 20-day EMA. A drop below this level could see the pair retreat to the 50-day SMA ($0.000015), keeping it trapped within the $0.000012 to $0.000020 range.
💥 Will Shiba Inu break through the resistance and soar, or will bears reclaim control? Stay alert as this thrilling battle unfolds!
$SHIB
{spot}(SHIBUSDT)
#MemeCoinTrending #SCRSpotTradingOnBinance #USRetailSalesBoost #BNBRisesTo600 #TeslaTransferBTC
🚨🔥 $BTC Ready to Explode: Will Bitcoin Reach New Highs or Face a Massive Crash? 🔥🚨
Everyone’s eyes are on Bitcoin as it continues its incredible surge! In just one week, we’ve seen a jaw-dropping $7K pump. If you remember, we shared a $BTC model back in July on our tg, predicting the dump to $49K. Now, we’re updating that model with the latest, and things are about to get intense! ⚡️
Bitcoin is now eyeing its toughest resistance at $68,908 —🔥 a critical level that could decide everything. If BTC breaks through, we expect it to soar to $71K in the next 24 hours! But hold on tight, this is where it gets tricky. 😨
Key reversal zones for Bitcoin are lurking at $68,908, $69,930, and $71,340. If Bitcoin fails at these levels, we could see a dramatic crash back to $58K or even $45K. 💯
⚠️ Stay Alert:
The current $BTC move may seem unstoppable, but these high volatility zones demand extreme caution. Keep your risk strategies tight—because in crypto, one wrong move could flip the game!
We are aiming for 50 likes ❤️ on this post. If we hit that, we will share a massive update on altcoins with time predictions! Thank you for your support!
{future}(BTCUSDT)
#CryptoMarketMoves #BTC☀ #MemeCoinTrending #BinanceTournament #Write2Earn!
🚨Avalanche on the Brink: Bulls vs. Bears! 🚀
Avalanche ($AVAX) faced a setback as it turned down from the resistance line of the symmetrical triangle pattern on Oct. 14. However, the bulls are stepping up, working hard to defend the 20-day EMA ($27.30)! 🔥
📈 Potential for a Bullish Rebound:
If the price rebounds strongly off the 20-day EMA, expect the bulls to make another attempt to push the AVAX/USDT pair above the resistance line. A successful breakout could ignite a rally to $37, with the next target set at $42!
⚠️ Bearish Scenario:
Conversely, if the price breaks below the 20-day EMA, the bears will aim to drag the pair down to the support line of the triangle. A decisive break and close below this triangle could spell trouble, potentially opening the door for a decline to $17.
💥 Will Avalanche rally back to new heights, or will bears take control? Keep your eyes on these crucial levels as the action unfolds!
$AVAX
{spot}(AVAXUSDT)
#MemeCoinTrending #SCRSpotTradingOnBinance #USRetailSalesBoost #BNBRisesTo600 #TeslaTransferBTC
$POPCAT, a token inspired by the viral Popcat meme, is set to be listed on SolCex Exchange, one of Solana’s fastest-growing platforms. Featuring a 0/0 tax structure, $POPCAT is 100% community-owned, with its liquidity pool burnt, ensuring transparency and
$NEIRO
0.00198895
+6.19%
Current price: 0.00165
Market Situation:
Price consolidating in a range for the past 2 days
Bullish trend, but showing signs of potential exhaustion
Technical Indicators:
RSI: 80 (overbought territory)
MACD: Positive, but watch for potential crossover
Support: 0.00155-0.00160
Potential Targets:
0.00180
0.00200
0.00220
0.0025
Range-based Exit Strategies:
Conservative: Exit at upper range ~0.00170-0.00175
Moderate: Exit at first target 0.00180
Aggressive: Hold for higher targets, use trailing stop-loss
Risk Management:
Set stop-loss below support at 0.00150
Consider scaling out at each target level
Implement trailing stop-loss to protect gains
Key Levels to Watch:
Resistance: 0.00180, 0.00200
Support: 0.00155, 0.00140 (critical)
Caution:
Overbought conditions may lead to a pullback
Range-bound movement suggests indecision
For daily signals join pandatraders community
#MemeCoinTrending #SCRSpotTradingOnBinance #neiro #Write2Earn! #TeslaTransferBTC
🚨Cardano at a Crossroads: Will Bulls Break Free? 🚀
Cardano ($ADA) has been stuck in a tight range between $0.33 and $0.37 for the past few days, showcasing a fierce battle of indecision between bulls and bears! 🔥
📉 Critical Support Levels:
If the $0.33 support gives way, the ADA/USDT pair could retest the crucial support at $0.31. Expect bulls to fiercely defend this level, but if the bears gain the upper hand, the pair might slide down to $0.27—a scenario that could shake investor confidence!
📈 Bullish Breakout Potential:
On the other hand, if the price rises from its current position and breaks above $0.37, it will signal a bullish resurgence! This could ignite a rally toward $0.40, a significant hurdle for the bulls. If they can overcome this level, the pair may surge to $0.45!
💥 Will Cardano break free from this tight range and embark on a bullish journey, or will the bears take control? The next moves will be pivotal—stay tuned!
$ADA
{spot}(ADAUSDT)
#MemeCoinTrending #SCRSpotTradingOnBinance #USRetailSalesBoost #BNBRisesTo600 #TeslaTransferBTC
🔥 𝗘𝘁𝗵𝗲𝗿𝗲𝘂𝗺 𝗕𝘂𝗹𝗹𝘀 𝗘𝘆𝗲 $2,870 🚀
Ethereum is showing a strong bullish pattern, prompting analysts to set an optimistic price target of $2,870 for the second-largest cryptocurrency.
Key technical indicators, including higher lows and a tightening price range, suggest an imminent breakout. Traders are watching closely, as a successful rally could see ETH move past significant resistance levels.
With increasing interest in Ethereum’s scalability solutions and DeFi ecosystem, the market remains bullish on its short-term prospects. If the bullish pattern holds, Ethereum could experience significant price appreciation in the coming weeks.
Is $2,870 within reach for $ETH in this bullish cycle? #ETHETFsApproved #ETH🔥🔥🔥🔥 #etherium
Source: NewsBTC
AVAX Analysis
Avalanche, one of the largest smart contract platforms after Solana $155, faces morale issues due to recent Crypto Leaks claims. Insider whistleblowers have reported that a significant portion of the nodes on the network is managed by Ava, coupled with concerns over a massive supply. These allegations may have adverse effects in potential upcoming legal actions against Avalanche.
Referring to the charts, the $31.6 level remains as resistance. If the previous parallel channel support is reclaimed, the $50 target could be revisited. Above this, the $62 resistance will be aimed, and eventually, attempts at three-digit prices may be seen. The key here is, of course, BTC price performance.
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🚀 Fed Governor Waller recently hinted that stablecoins could be the financial system's new BFF, slashing payment costs globally. But hold your horses! He emphasized that safety isn't a done deal yet. With proper guardrails, stablecoins might just be the superhero we need for secure payments and trading.
Meanwhile, US lawmakers are singing a similar tune. They believe stablecoins could keep the dollar flexing its muscles against the yuan. But a Chainalysis report shows the US is lagging in stablecoin adoption, with offshore exchanges stealing the show. Time to step up the game, Uncle Sam! 💪
**News Flash: Fed Governor Advocates for Regulated Stablecoins**
On Oct. 18, Federal Reserve Governor Christopher Waller highlighted the potential benefits of well-regulated stablecoins during a talk at the Institute of Advanced Studies. Waller noted that stablecoins could reduce global payment costs by cutting out intermediaries, but emphasized the need for robust safety measures to mitigate risks like illicit finance.
Waller also suggested that decentralized finance (DeFi) could complement traditional finance, echoing some US lawmakers' views that stablecoins could extend the US dollar's global dominance. This aligns with recent legislative efforts, including the Clarity for Payment Stablecoins Act introduced by Senator Bill Hagerty.
Despite these initiatives, a Chainalysis report indicates the US is falling behind in stablecoin adoption, with offshore exchanges now handling 60% of transactions.
🚨Toncoin on the Edge: Bulls Struggle for Control!
Toncoin ($TON) is facing a tough battle as buyers struggle to push the price above the moving averages. However, there’s a silver lining: bulls have yet to surrender ground to the bears! 🔥
📈 Rally Potential:
If buyers manage to break through the moving averages, the TON/USDT pair could soar to $6, where bears are likely to mount a fierce defense. But if the bulls bulldoze their way through, brace for a potential rally to $7!
⚠️ Key Support Levels:
On the flip side, if the $5 level fails to hold, the pair could plunge to the $4.72 to $4.44 support zone. This area is critical, and buyers are expected to protect it with everything they’ve got! A break below this zone would complete a bearish head-and-shoulders pattern, potentially sending the pair spiraling down to $3.50.
💥 Will Toncoin rise to new heights, or will bears take control? The next moves will be crucial—stay alert!
$TON
{spot}(TONUSDT)
#MemeCoinTrending #SCRSpotTradingOnBinance #USRetailSalesBoost #BNBRisesTo600 #TeslaTransferBTC
$NEIRO
{spot}(NEIROUSDT)
Current price: 0.00165
Market Situation:
Price consolidating in a range for the past 2 days
Bullish trend, but showing signs of potential exhaustion
Technical Indicators:
RSI: 80 (overbought territory)
MACD: Positive, but watch for potential crossover
Support: 0.00155-0.00160
Potential Targets:
0.00180
0.00200
0.00220
0.0025
Range-based Exit Strategies:
Conservative: Exit at upper range ~0.00170-0.00175
Moderate: Exit at first target 0.00180
Aggressive: Hold for higher targets, use trailing stop-loss
Risk Management:
Set stop-loss below support at 0.00150
Consider scaling out at each target level
Implement trailing stop-loss to protect gains
Key Levels to Watch:
Resistance: 0.00180, 0.00200
Support: 0.00155, 0.00140 (critical)
Caution:
Overbought conditions may lead to a pullback
Range-bound movement suggests indecision
#NeiroOnBinance #KryptoAlchemy
#MemeCoinTrending #Write2Earn! #BTCUptober
{future}(NEIROUSDT)
🚨LUNA Coin
In every LUNA Coin assessment, we mention the significance of the $0.444 level. Despite several attempts, the price has not been able to break through this point. Due to the bankruptcy of Terraform Labs, the situation of Do Kwon, and the protocols being liquidated, the future does not seem promising. While speculative rallies may target resistance levels, it would not be surprising to see deeper lows over the long term.
It is likely for LUNA Coin to seek new all-time low levels below $0.286. If BTC loses the $60,000 mark, it would bring this ATL level closer.
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🚨Dogecoin Breaks Out: Bulls Take Charge! 🚀
Dogecoin ($DOGE) surged above the symmetrical triangle pattern on Oct. 18, signaling a clear victory for the bulls over the bears! 📈
📊 Potential Rally Ahead:
If the price maintains its position above the triangle, the DOGE/USDT pair could soar to $0.17, with the next target set at the pattern target of $0.19!
🔄 Critical Support Levels:
However, if the price retraces and re-enters the triangle, it will indicate a market rejection of the breakout. In this scenario, the pair may drop to the 20-day EMA, a crucial near-term support level. Should the price bounce off the 20-day EMA, the bulls will have another chance to initiate a fresh upward move.
💥 Will Dogecoin continue its bullish momentum, or will bears reclaim control? Keep a close eye on these pivotal levels!
$DOGE
{spot}(DOGEUSDT)
#MemeCoinTrending #SCRSpotTradingOnBinance #USRetailSalesBoost #BNBRisesTo600 #TeslaTransferBTC
$BNB /USDT Technical Analysis – Price Action Update6
$BNB
{spot}(BNBUSDT)
The price of BNB/USDT is currently holding steady at $600, showing a +1.88% increase in the last 24 hours. Traders should keep an eye on these 3 potential targets as BNB tests key resistance and support levels:
🎯 Target 1:
$605 (Short-term Resistance)
Based on SAR (Stop and Reverse) analysis, BNB is approaching this critical resistance level. A breakout above $605 could indicate a bullish trend continuation.
🎯 Target 2: $588 (Key Support)
If the price drops, the $588 level serves as strong support. This area has been tested as the 24h low and could provide a potential rebound point.
🎯 Target 3: $612 (Next Resistance)
Beyond the first resistance at $605, the next target is $612. A rally past this level could open doors for stronger bullish momentum.
24h Volume:
BNB: 138,192.77
USDT: 82.47M
BNB's price action is heating up! Watch these targets carefully for potential trading opportunities.
#Binance #MemeCoinTrending #SCRSpotTradingOnBinance #USRetailSalesBoost #WeAreAllSatoshi