Market update
$NOT remains in its bearish trend, and I anticipate a further decline before any potential rebound.
However, here’s what happened with the other hot cryptocurrencies below:
$BTC sees a -0.98% drop, trading at $66,811.78, suggesting a possible short-term pullback.
$PEPE drops -4.58% to $0.00001, reflecting a notable decline in memecoin interest.
#BNB is slightly down by -0.89% at $590.80, indicating a minor dip.
#ETH falls by -0.71% to $2,596.00, showing moderate selling pressure.
#NEIRO slips slightly by -0.22% to $0.0020034, remaining relatively stable.
#SOL experiences a -2.02% decline to $151.72, facing stronger downward momentum.
Bitcoin (BTC) took a joyride above $68,400 on Oct. 16, but quickly decided it liked the view from below $67,500 better. The big question: can BTC find its bullish mojo again? 🌟
- Strong US economic data and TSMC's stellar earnings report had investors eyeing the stock market.
- Jobless claims dropped by 19,000, and retail sales rose by 0.4% in August, signaling a robust economy.
- Nvidia and TSMC stocks soared, stealing Bitcoin's thunder.
But wait! Ripple might save the day if it wins its court case against the SEC. A Ripple victory could mean a friendlier regulatory climate for crypto, potentially boosting Bitcoin's momentum. Stay tuned!
🚀 Bitcoin's Wild Ride: Can BTC Bounce Back? 🚀
Bitcoin flirted with $68,400 on Oct. 16, but quickly retreated below $67,500. The burning question: can BTC regain its bullish mojo? 📈
U.S. economic data showed strength, cooling investor interest in Bitcoin. Meanwhile, stellar earnings from TSMC shifted focus to stocks.
But wait, there's hope! Ripple's potential court win against the SEC could spark a crypto rally. If the SEC misses its appeal deadline, Ripple might score big, boosting market sentiment.
What do you think? Can Bitcoin bounce back? Share your thoughts below! 💬
🚀 Staked Ether (stETH) is becoming the crypto economy's benchmark, much like the Fed funds rate in traditional finance! According to ARK Invest, Ethereum's monetary policy has turned stETH into a unique asset, resembling sovereign bonds but with more transparency and fewer default risks. 📈
DeFi protocols like Lido and Rocket Pool are making stETH the collateral of choice, driving capital efficiency and liquidity. As stETH gains traction, it's pushing projects to offer higher returns to stay competitive. What do you think about stETH's growing influence? Share your thoughts below! #Crypto #DeFi #Ethereum
**News Flash: Staked Ether Emerging as Crypto Benchmark! 🚀**
Staked Ether (stETH) is rapidly becoming a benchmark for the crypto economy, similar to how the Fed funds rate influences traditional finance. According to ARK Invest, stETH's yield, currently at 3.27%, is now a key gauge for smart contract activity and economic cycles in the digital asset space.
- **Comparison to Sovereign Bonds:** Unlike government bonds, Ethereum can't default on staked ether, making it a unique asset.
- **Risks and Rewards:** While stETH offers transparency and liquidity, it also comes with risks like "slashing" and high volatility.
- **Growing DeFi Use:** stETH is increasingly used as collateral in DeFi protocols, making it a preferred choice over ETH.
What do you think about stETH becoming the new crypto benchmark? Share your thoughts in the comments!
🚀 Staked Ether (stETH) is the new rockstar of the crypto world, folks! 🎸 According to ARK Invest, it's becoming the benchmark for the on-chain economy, much like the Fed funds rate in traditional finance.
Why? Well, stETH offers a juicy 3.27% annual yield and is as reliable as your morning coffee ☕. Unlike government bonds, Ethereum can't default, making it a safer bet. Plus, stETH is now the go-to collateral in DeFi protocols like Aave and MakerDAO.
Got thoughts on this new crypto superstar? Drop your comments below! 💬 Let's discuss! #DeFi #Web3 #Crypto #Ethereum
**Bitcoin Struggles Amid Strong US Economy and Stock Market Gains**
Bitcoin briefly soared above $68,400 on Oct. 16, marking its highest level since August. However, it couldn't maintain this peak and is now trading below $67,500. The main question is whether Bitcoin can regain its bullish momentum.
Stronger-than-expected US economic data has dampened investors' interest in alternative assets like Bitcoin. The US Labor Department reported a drop in jobless claims, while retail sales rose by 0.4% in August, indicating a robust economy. This has shifted attention to the stock market, especially after strong earnings from TSMC and Nvidia.
Meanwhile, a potential court win for Ripple against the SEC could signal a more favorable regulatory environment for crypto, possibly boosting Bitcoin's momentum. Analysts are watching closely as the SEC's appeal deadline approaches.
🔥🔥 HOT NEWS 🔥🔥
DTX Exchange's native token, DTX, is making waves by outperforming meme tokens like $PEPE and even established giants like $BNB .
With its utility within the platform offering lower fees and exclusive features, DTX's price and trading volume are skyrocketing.
Many believe DTX could be the next big multi-million-dollar token, as it continues to gain momentum, backed by strong community support and innovative exchange tools.
Source: ZyCrypto
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GMX has just launched 3 new synthetic markets:
🔸 PEPE/USD
🔸 AAVE/USD
🔸 UNI/USD
These new synthetic perpetual swap markets allow users to trade PEPE, AAVE and UNI directly from their own wallet, while taking advantage of GMX's rapid onchain execution and auto-optimising liquidity.
All three markets are backed by underlying WETH-USDC liquidity pools, allowing them to be integrated into GLV [WETH-USDC].
By including these markets in the GMX Liquidity Vault, liquidity automatically shifts to these pools when there is an increase in demand from traders. This mechanism guarantees that liquidity constantly flows to the markets that need it most.
Additionally, GLV optimises capital efficiency for liquidity providers by directing their funds to the markets with the highest utilisation and returns.
Trade the new markets on @Arbitrum, or provide WETH/USDC liquidity to GLV and earn from the highest-performing pools on GMX automatically:
➡️
Here are my crypto forecasts for 2025:
$Shib: $50
$Pepe: $390
$XRP : $2
$LUNC : $732
$DOGE : $2502,1
I've noticed numerous videos on social media purporting that cryptocurrencies will reach these values in 2024. However, the content of these videos seems to be crafted by someone with minimal knowledge, akin to what you'd expect from a 10-year-old.
A word of caution to new investors: Be skeptical of such ambitious predictions. Achieving these price points by 2024 seems highly improbable. It's crucial to conduct thorough research before making any investment decisions.
Many newcomers to the cryptocurrency sector start by investing in coins that are no longer active, then seek community opinions. This approach often stems from a lack of understanding. Gaining knowledge and conducting research before diving into the cryptocurrency market is essential. I urge you to consider my advice, as I've navigated similar challenges when I was starting out.
I aim for this advice to guide new investors away from common pitfalls. If you've encountered similar speculative content, feel free to share your thoughts.
#TrendingTopic #Write2Earn #cryptoonline
#BinanceTürkiyeSquare #DODOEmpowersMemeIssuance
🚀 **EU Crypto Regulations: MiCA Makes Waves!**
- The EU is swapping national crypto laws for the shiny new MiCA regulations by Dec. 30. Cyprus is leading the charge, freezing CASP applications and prepping for the big shift.
- CySEC stops taking CASP applications under Cypriote laws from Oct. 17. Those who register before Dec. 30 can operate until July 1, 2026, unless MiCA says otherwise.
- MiCA's full rulebook isn't out yet, but CySEC advises checking ESMA's draft standards.
- From Oct. 30, CySEC halts notifications from European Economic Area entities wanting to provide services in Cyprus.
- Dutch regulators are already sniffing out market manipulation, which MiCA aims to curb with transparency and strict rules.
Hold onto your crypto wallets, folks! 🌐
**EU Preps for Crypto Regulation Overhaul**
Big changes are coming to the European crypto scene! By December 30, the European Union will shift from national laws to unified Markets in Crypto-Assets (MiCA) regulations. Cyprus is leading the charge, with its Securities and Exchange Commission (CySEC) halting new applications under national laws as of October 17.
- **Transition Timeline**: CASPs registered before December 30 can operate under current rules until July 1, 2026, unless MiCA authorization is granted or denied earlier.
- **New Standards**: MiCA will introduce new regulatory standards, though details are still pending. For now, entities are advised to follow ESMA's draft standards.
- **Operational Changes**: From October 30, CySEC will stop accepting notifications from European Economic Area entities under national rules.
Other EU regulators are also gearing up. The Dutch Authority for the Financial Markets is probing potential market manipulation ahead of MiCA, which promises more transparency and stricter fraud prevention. ESMA is pushing for additional cybersecurity and background checks for CASPs.
Stay tuned as the EU crypto landscape evolves!
**Blockchain Firm HUMBL Secures US Patent for Currency Transfer Tech**
Blockchain company HUMBL has just received a patent from the United States Patent and Trademark Office (USPTO) for its innovative currency transfer system using blockchain technology. The patent, granted on October 15, outlines a system that enables seamless digital-to-fiat transactions without intermediaries.
The approval process took over four years, significantly longer than the average 26.2 months. During this time, HUMBL strengthened its government connections, becoming Santa Cruz's official digital asset service provider in 2023.
HUMBL's CEO, Brian Foote, expressed relief but also highlighted the challenges small businesses face due to lengthy patent approval times.
If you've made a fortune from trading cryptocurrencies and want to move that money back to your local bank account, it's crucial to be careful. Directly transferring large sums of money can raise red flags with banks and regulators. They might view it as money from an unknown source, which could lead to legal problems.
Method 1: Using BiyaPay
One effective way is to use BiyaPay, a licensed wallet service in the United States. Here’s how it works:
1. Transfer USDT to BiyaPay: Start by transferring your USDT (Tether, a stablecoin) to your BiyaPay account.
2. Convert to US Dollars: Once your USDT is in BiyaPay, you can convert it into U.S. dollars. This step is crucial because it ensures that your funds are clear and can be tracked.
3. Send to a Bank: You can then transfer these U.S. dollars to a bank account through services like Wise or OCBC Bank.
Wise: This platform allows you to send money to banks like Taobao, Xinxin, or Zhongg Bank. Keep in mind that there are limits on how much you can transfer each year.
OCBC 360 Account: If you choose OCBC, you’ll appreciate that this account lets you withdraw cash directly in China without the usual limit of $45,000.
Method 2: Using Kraken and iFAST
Another option is to use the Kraken exchange, which is fully licensed and reputable:
1. Withdraw USDT: You can withdraw your USDT from Kraken.
2. Transfer to iFAST: Once you have your funds, you can move them to iFAST, a British bank. This method is also legal and provides a secure way to manage your money.
Important Tips
Be Aware of Fees: Both methods may involve transaction fees and some loss in currency conversion. It's essential to factor these costs into your calculations.
Seek Professional Advice: Before proceeding with any of these methods, it’s wise to consult with a legal advisor or financial expert.
By using these methods, you can transfer your cryptocurrency profits back to your bank safely and legally while minimizing the risks of raising suspicions.
#ProfitWithConfidence #BTCUptober #BTCSoarsTo68K #BullRunAhead
🚨Las ganancias mensuales de Solana (SOL) están en juego y se anticipa una fuerte caída 📈
💰 El precio de Solana enfrenta el riesgo de una caída más profunda tras no lograr superar el nivel de 160 dólares.
Una caída por debajo de 150 dólares podría llevar a un descenso del 10%, reflejando patrones pasados de correcciones de dos dígitos.Indicadores clave, como el Chaikin Money Flow, sugieren un aumento de la presión de venta, apoyando una perspectiva bajista.
Solana enfrenta un colapso a medida que emergen señales bajistasActualmente, el precio de Solana se sitúa en 153.10 dólares, reflejando un modesto descenso del 1.20% en las últimas 24 horas.
✍️ Históricamente, movimientos similares en el precio de SOL a menudo han llevado a caídas más pronunciadas.En agosto, cuando SOL alcanzó la marca de 153 dólares, rápidamente perdió el 15% de su valor, cayendo a 129.35 dólares.
Septiembre vio un patrón similar con una caída del 12%, mientras que octubre siguió el mismo camino con una caída del 10% bajo condiciones comparables.
Realiza DYOR 💡☝️
#Solana #SOLANAETF #Solana🚀 #SolanaMemeCoins
$SOL
{spot}(SOLUSDT)
$WIF
{spot}(WIFUSDT)
$JTO
{spot}(JTOUSDT)