USDataImpact
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U.S. job openings dropped to 7.67 million, while the #USTradeDeficit hit $78.8 billion in July, the largest since June 2022. These economic imbalances are raising concerns and adding pressure on policy decisions. Despite this, #BTC surged to $58K as investors turn to crypto amid uncertainty. How will this shape the markets? Letâs discuss!
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U.S. July Trade Deficit Reaches Largest Since June 2022
According to Odaily, market reports indicate that the United States recorded a trade deficit of $78.8 billion in July. This figure slightly exceeded the expected deficit of $79.0 billion. The previous value was revised from $73.1 billion to $73.0 billion.The July trade deficit marks the largest since June 2022, highlighting ongoing economic challenges. The data reflects the balance between the country's imports and exports, with a higher deficit indicating that the value of imports continues to surpass that of exports. This trend can have significant implications for the overall economic health and policy decisions.The trade deficit is a critical economic indicator, often influencing currency values, trade policies, and international relations. Analysts and policymakers closely monitor these figures to assess economic performance and make informed decisions. The latest data underscores the importance of addressing trade imbalances to foster a more stable economic environment.
Essential Technical Formulas for Successful Binance Trading
1. Leverage Formula:
Leverage Ratio = Total Position Size / Your Capital
Example: With $1,000 capital and a $10,000 position, the leverage ratio is 10x.
2. Stop-Loss Calculation:
Stop-Loss Price = Entry Price - (Entry Price Ă Stop-Loss Percentage)
Example: For an entry price of $50 and a stop-loss percentage of 2%, the stop-loss price is $49 (50 - (50 Ă 0.02)).
3. Risk Management Formula:
Risk per Trade = (Capital Ă Risk Percentage) / Leverage
Example: With $1,000 capital, risking 2% per trade, and 10x leverage, the risk per trade is $20 ((1000 Ă 0.02) / 10).
4. Profit Target:
Profit Target Price = Entry Price + (Entry Price Ă Target Percentage)
Example: For an entry price of $50 and a target percentage of 5%, the profit target price is $52.50 (50 + (50 Ă 0.05)).
5. Daily Return Calculation:
Daily Return = (Ending Balance - Starting Balance) / Starting Balance Ă 100
Example: If the starting balance is $1,000 and the ending balance is $1,020, the daily return is 2% ((1020 - 1000) / 1000 Ă 100).
Utilize these formulas to enhance your trading precision and risk management on Binance.
#cryptoanalysis #Cryptolearner #USDataImpact
1. Leverage Formula:
Leverage Ratio = Total Position Size / Your Capital
Example: With $1,000 capital and a $10,000 position, the leverage ratio is 10x.
2. Stop-Loss Calculation:
Stop-Loss Price = Entry Price - (Entry Price Ă Stop-Loss Percentage)
Example: For an entry price of $50 and a stop-loss percentage of 2%, the stop-loss price is $49 (50 - (50 Ă 0.02)).
3. Risk Management Formula:
Risk per Trade = (Capital Ă Risk Percentage) / Leverage
Example: With $1,000 capital, risking 2% per trade, and 10x leverage, the risk per trade is $20 ((1000 Ă 0.02) / 10).
4. Profit Target:
Profit Target Price = Entry Price + (Entry Price Ă Target Percentage)
Example: For an entry price of $50 and a target percentage of 5%, the profit target price is $52.50 (50 + (50 Ă 0.05)).
5. Daily Return Calculation:
Daily Return = (Ending Balance - Starting Balance) / Starting Balance Ă 100
Example: If the starting balance is $1,000 and the ending balance is $1,020, the daily return is 2% ((1020 - 1000) / 1000 Ă 100).
Utilize these formulas to enhance your trading precision and risk management on Binance.
#cryptoanalysis #Cryptolearner #USDataImpact
đ Bitcoin volatile as US INFLATION and job data shake markets!
Bitcoin slipped below $58K as fresh US Producer Price Index (PPI) and jobless claims data surprised the markets. Mixed signals on inflation sparked volatility, as the PPI saw a 0.3% increase in August, slightly higher than expected, while the year-on-year rate cooled to 2.4%. This follows the theme of conflicting inflation metrics weâve seen recently.
Meanwhile, unemployment claims came in hotter than anticipated at 230,750 vs. the expected 227,000 âadding another layer of complexity for traders. Despite these mixed signals, experts like The Kobeissi Letter still expect the Federal Reserve to cut interest rates by 0.25% at the upcoming Sept. 18 meeting, with markets pricing in 85% odds for this cut.
Notably, the European Central Bank (ECB) already made its move, front-running the Fed with its own rate cut.
Where does Bitcoin go from here?
After a volatile US trading session, Bitcoin bounced back above $57,300, tracking gains in tech stocks. However, resistance looms around the $60K mark, with market optimism staying cautious.
Popular trader Skew highlighted that market sentiment is weak due to overhead resistance, saying it will take "a lot more" to push Bitcoin through these levels. Data from CoinGlass also shows increasing ask liquidity at $58,500, further anchoring BTC price.
According to statistician Willy Woo, market conditions remain indecisive, signaling more choppy waters ahead for Bitcoin traders.
As macroeconomic events unfold, eyes are now on how Bitcoin reacts in the coming days. Will it find support, or are we heading for more downside action?
Stay tuned with @Professor Mende - Bonuz Ecosystem Founder
#CPI_BTC_Watch #USNonFarmPayrollReport #USDataImpact #DOGSONBINANCE $BTC
Bitcoin slipped below $58K as fresh US Producer Price Index (PPI) and jobless claims data surprised the markets. Mixed signals on inflation sparked volatility, as the PPI saw a 0.3% increase in August, slightly higher than expected, while the year-on-year rate cooled to 2.4%. This follows the theme of conflicting inflation metrics weâve seen recently.
Meanwhile, unemployment claims came in hotter than anticipated at 230,750 vs. the expected 227,000 âadding another layer of complexity for traders. Despite these mixed signals, experts like The Kobeissi Letter still expect the Federal Reserve to cut interest rates by 0.25% at the upcoming Sept. 18 meeting, with markets pricing in 85% odds for this cut.
Notably, the European Central Bank (ECB) already made its move, front-running the Fed with its own rate cut.
Where does Bitcoin go from here?
After a volatile US trading session, Bitcoin bounced back above $57,300, tracking gains in tech stocks. However, resistance looms around the $60K mark, with market optimism staying cautious.
Popular trader Skew highlighted that market sentiment is weak due to overhead resistance, saying it will take "a lot more" to push Bitcoin through these levels. Data from CoinGlass also shows increasing ask liquidity at $58,500, further anchoring BTC price.
According to statistician Willy Woo, market conditions remain indecisive, signaling more choppy waters ahead for Bitcoin traders.
As macroeconomic events unfold, eyes are now on how Bitcoin reacts in the coming days. Will it find support, or are we heading for more downside action?
Stay tuned with @Professor Mende - Bonuz Ecosystem Founder
#CPI_BTC_Watch #USNonFarmPayrollReport #USDataImpact #DOGSONBINANCE $BTC
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1ïžâŁBlackRock Inflow
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âȘïžSince August 27th, BlackRock didn't have a single day of inflow.
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âȘïžThis is the longest streak of no inflow day for BlackRock.Â
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âȘïžRemember, when #BlackRock buys, BTC pumps
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2ïžâŁCoinbase Spot Trading VolumeÂ
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âȘïžCoinbase's #Bitcoin spot trading volume dominance is back to pre-spot ETF levels.
âȘïžFor the bull cycle to continue, U.S. demand needs to rebound.
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3ïžâŁWhale accumulationÂ
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âȘïžSince March 2024, wallets with < 1 BTC are accumulating while wallets with > 100 and 1000 BTC are distributing.Â
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âȘïžIn order for the #BTC price to go up, this needs to reverse.
#USNonFarmPayrollReport #CPI_BTC_Watch #TON #USDataImpact #CryptoMarketMoves
$BTC
Â
1ïžâŁBlackRock Inflow
Â
âȘïžSince August 27th, BlackRock didn't have a single day of inflow.
Â
âȘïžThis is the longest streak of no inflow day for BlackRock.Â
Â
âȘïžRemember, when #BlackRock buys, BTC pumps
Â
2ïžâŁCoinbase Spot Trading VolumeÂ
Â
âȘïžCoinbase's #Bitcoin spot trading volume dominance is back to pre-spot ETF levels.
âȘïžFor the bull cycle to continue, U.S. demand needs to rebound.
Â
3ïžâŁWhale accumulationÂ
Â
âȘïžSince March 2024, wallets with < 1 BTC are accumulating while wallets with > 100 and 1000 BTC are distributing.Â
Â
âȘïžIn order for the #BTC price to go up, this needs to reverse.
#USNonFarmPayrollReport #CPI_BTC_Watch #TON #USDataImpact #CryptoMarketMoves
$BTC
Hi Guys,
It's Big & Big #alert About $SOL Death Cross !!!
$SOL
Solanaâs âdeath crossâ dilemma: Can bulls overcome $127 barrier?
Solana faces a tough battle at the $125-$127 support, with a failure to hold potentially leading to deeper declines in the near term.
Solana [SOL]Â continued its long-term downtrend, with bearish momentum intensifying after the price recently fell below the crucial 200-day EMA.
The downtrend was further confirmed by a death cross, a bearish technical signal where the 20-day EMA crosses below the 200-day EMA. Historically, Solana has seen extended periods of bearish pressure following a death cross.
At press time, SOL traded at $129, declining by around 5% in the last 24 hours. The bears have been consistently testing the $125-$127 support range for over five months, and a failure to hold this level could expose SOL to further downside.
Bearish signals persist for Solna after a death crossÂ
The $125-$127 support range remained critical for Solana. If the bears manage to push below this zone, the next significant support stood near $117 and could become the target in the event of further declines.
On the upside, bulls need to break past the 20-day EMA ($135.92), 50-day EMA ($143.15), and 200-day EMA ($139.58) to initiate any potential recovery.
However, this will be an uphill battle given the current bearish sentiment in the market.
Additionally, the long-term trendline resistance continued to cap any upward movement. SOL would need a strong breakout above this level to reverse the prevailing trend.
The Relative Strength Index (RSI) was below equilibrium, depicting a bearish edge. An immediate reversal isnât a given since it had yet to hit the oversold mark. For a potential bullish comeback, the RSI would need to climb above the neutral 50 level.
#CPI_BTC_Watch #USNonFarmPayrollReport #USDataImpact #Write2Earn!
It's Big & Big #alert About $SOL Death Cross !!!
$SOL
Solanaâs âdeath crossâ dilemma: Can bulls overcome $127 barrier?
Solana faces a tough battle at the $125-$127 support, with a failure to hold potentially leading to deeper declines in the near term.
Solana [SOL]Â continued its long-term downtrend, with bearish momentum intensifying after the price recently fell below the crucial 200-day EMA.
The downtrend was further confirmed by a death cross, a bearish technical signal where the 20-day EMA crosses below the 200-day EMA. Historically, Solana has seen extended periods of bearish pressure following a death cross.
At press time, SOL traded at $129, declining by around 5% in the last 24 hours. The bears have been consistently testing the $125-$127 support range for over five months, and a failure to hold this level could expose SOL to further downside.
Bearish signals persist for Solna after a death crossÂ
The $125-$127 support range remained critical for Solana. If the bears manage to push below this zone, the next significant support stood near $117 and could become the target in the event of further declines.
On the upside, bulls need to break past the 20-day EMA ($135.92), 50-day EMA ($143.15), and 200-day EMA ($139.58) to initiate any potential recovery.
However, this will be an uphill battle given the current bearish sentiment in the market.
Additionally, the long-term trendline resistance continued to cap any upward movement. SOL would need a strong breakout above this level to reverse the prevailing trend.
The Relative Strength Index (RSI) was below equilibrium, depicting a bearish edge. An immediate reversal isnât a given since it had yet to hit the oversold mark. For a potential bullish comeback, the RSI would need to climb above the neutral 50 level.
#CPI_BTC_Watch #USNonFarmPayrollReport #USDataImpact #Write2Earn!
đ Bitcoin Set to Soar Over $100K No Matter Who Wins the U.S. Election!
According to a CNBC report, experts predict that Bitcoin could surpass $100,000 by 2025, regardless of whether Trump or Harris wins the presidential race.
âïžAnalysts like Steven Lubka highlight that BTCâs growth is more influenced by global monetary trends than U.S. politics. While Trumpâs win may trigger faster gains, the long-term outlook for Bitcoin remains bullish no matter what!
#USDataImpact #bitcoinâïž
According to a CNBC report, experts predict that Bitcoin could surpass $100,000 by 2025, regardless of whether Trump or Harris wins the presidential race.
âïžAnalysts like Steven Lubka highlight that BTCâs growth is more influenced by global monetary trends than U.S. politics. While Trumpâs win may trigger faster gains, the long-term outlook for Bitcoin remains bullish no matter what!
#USDataImpact #bitcoinâïž
How to Earn Free Cryptocurrency with No Investment
Yes, you hear it right. You can earn cryptocurrency without putting in any money upfront through several methods. Here are five straightforward approaches to consider:
1. Faucets:
Websites and apps offering faucet services reward users with small amounts of cryptocurrency for completing simple tasks or viewing ads. Although the earnings are generally modest, it's a risk-free way to accumulate some crypto.
2. Airdrops:
Cryptocurrency projects often distribute free tokens to promote their platforms. To receive these tokens, you typically need to have an existing wallet and meet specific criteria set by the project.
3. Bounty Programs:
Many crypto projects offer bounties in the form of tokens for completing particular tasks or contributing to their development. Tasks may include testing software, translating content, or assisting with marketing.
4. Affiliate Marketing:
Certain cryptocurrency platforms have affiliate programs that allow you to earn commissions by referring new users. This method enables you to profit from the growth of the platform through your referrals.
5. Providing Services:
You can also earn cryptocurrency by offering goods or services in exchange for crypto. Whether it's freelance work like writing or web design, accepting payment in cryptocurrency is another way to build your holdings.
Remember, earning crypto without investment carries risks due to the marketâs volatility. Always conduct thorough research and understand the risks before engaging in any earning opportunities.
#TelegramCEO #PowellAtJacksonHole #USDataImpact
1. Faucets:
Websites and apps offering faucet services reward users with small amounts of cryptocurrency for completing simple tasks or viewing ads. Although the earnings are generally modest, it's a risk-free way to accumulate some crypto.
2. Airdrops:
Cryptocurrency projects often distribute free tokens to promote their platforms. To receive these tokens, you typically need to have an existing wallet and meet specific criteria set by the project.
3. Bounty Programs:
Many crypto projects offer bounties in the form of tokens for completing particular tasks or contributing to their development. Tasks may include testing software, translating content, or assisting with marketing.
4. Affiliate Marketing:
Certain cryptocurrency platforms have affiliate programs that allow you to earn commissions by referring new users. This method enables you to profit from the growth of the platform through your referrals.
5. Providing Services:
You can also earn cryptocurrency by offering goods or services in exchange for crypto. Whether it's freelance work like writing or web design, accepting payment in cryptocurrency is another way to build your holdings.
Remember, earning crypto without investment carries risks due to the marketâs volatility. Always conduct thorough research and understand the risks before engaging in any earning opportunities.
#TelegramCEO #PowellAtJacksonHole #USDataImpact
The current price of $RUNE /USDT is $3.91, reflecting a decline of 3.15% in the last 24 hours. The pair has seen a high of $4.10 and a low of $3.861 during this period. The recent peak at $4.127 suggests a resistance level that the price struggled to maintain, indicating potential selling pressure. Conversely, the support level is positioned at $3.846, which corresponds with the 24-hour low, providing a critical point for traders to watch.
Analyzing the recent candlestick patterns, there is a mix of bullish and bearish movements, with the latest candles predominantly showing bearish trends. This pattern suggests that selling pressure has intensified, particularly after the price touched the resistance at $4.127. If the price can hold above the support level at $3.846, there may be opportunities for a rebound.
Volume analysis reveals that trading activity has been relatively robust, with 11.87 million RUNE traded in the last 24 hours. An increase in volume during price declines indicates strong selling interest, while rising volume during price increases would signal healthy buying activity. Monitoring these trends is essential for understanding potential market shifts.
In conclusion, the RUNE/USDT pair is currently experiencing a bearish trend with significant selling pressure. Traders should closely observe the support level at $3.846 for any signs of a bounce-back, while the resistance at $4.10 remains a key barrier for upward movement. Keeping an eye on volume trends and momentum indicators will provide further insights into the market's direction.
$BNB $ETH #DOGSONBINANCE #TelegramCEO #USDataImpact
Analyzing the recent candlestick patterns, there is a mix of bullish and bearish movements, with the latest candles predominantly showing bearish trends. This pattern suggests that selling pressure has intensified, particularly after the price touched the resistance at $4.127. If the price can hold above the support level at $3.846, there may be opportunities for a rebound.
Volume analysis reveals that trading activity has been relatively robust, with 11.87 million RUNE traded in the last 24 hours. An increase in volume during price declines indicates strong selling interest, while rising volume during price increases would signal healthy buying activity. Monitoring these trends is essential for understanding potential market shifts.
In conclusion, the RUNE/USDT pair is currently experiencing a bearish trend with significant selling pressure. Traders should closely observe the support level at $3.846 for any signs of a bounce-back, while the resistance at $4.10 remains a key barrier for upward movement. Keeping an eye on volume trends and momentum indicators will provide further insights into the market's direction.
$BNB $ETH #DOGSONBINANCE #TelegramCEO #USDataImpact
BTC Price Alert!!!
Look at 15min, 1h, 4h and 1 day chart, it shows that BTC may goes up and break 58200 line and remain above this line for weekend but when we look at different angles we have seen that 1 day chart has 2 raddish line before this day close, if today closing candle remain green then we will say that btc goes uppish and touches to 64k+ but if raddish then we might seen that BTC goes down touches 50k - 52k.
If there btc will goes down then alt coins and meme coins have lost their value and i think they has no long term future but if btc hold his price upto 64k then we have seen a huge pump on all alt coins and meme coins.
BNB Looking good, its look like it will hit soon 560+ and then 600+. Makes a long position here and wait for 600+.
Just look at chart and like follow and comment if you like these kind of more posts.
Thankyou
#DOGSONBINANCE #PowellAtJacksonHole #USDataImpact #USDataImpact $BTC #dappOSTheFutureofIntents
$BNB
$PEPE
Look at 15min, 1h, 4h and 1 day chart, it shows that BTC may goes up and break 58200 line and remain above this line for weekend but when we look at different angles we have seen that 1 day chart has 2 raddish line before this day close, if today closing candle remain green then we will say that btc goes uppish and touches to 64k+ but if raddish then we might seen that BTC goes down touches 50k - 52k.
If there btc will goes down then alt coins and meme coins have lost their value and i think they has no long term future but if btc hold his price upto 64k then we have seen a huge pump on all alt coins and meme coins.
BNB Looking good, its look like it will hit soon 560+ and then 600+. Makes a long position here and wait for 600+.
Just look at chart and like follow and comment if you like these kind of more posts.
Thankyou
#DOGSONBINANCE #PowellAtJacksonHole #USDataImpact #USDataImpact $BTC #dappOSTheFutureofIntents
$BNB
$PEPE
Avalanche Q2 2024: AVAX Staking Grows Amid Market Challenges
TL;DR
- Total $AVAX staked increased by 6% QoQ to 254.5 million, driven by the Icebreaker Program and support from Coinbase.
- Despite a 43% decline in $AVAX's market cap, it remains 157% higher year-over-year, showcasing the ecosystem's resilience.
Ava Labs released its Q2 2024 analysis, revealing key developments in the Avalanche ecosystem. The report highlights a 6% increase in total $AVAX staked, reaching 254.5 million, primarily due to the Icebreaker Program and Coinbase's backing. The DeFi landscape also saw an 11% rise in total value locked (TVL), now at 30.8 million $AVAX, with new protocols like Clearpool contributing positively.
The governance proposal ACP-77 aims to reinvent subnet validation, potentially reducing startup costs for subnets. Although $AVAX's market cap experienced a 43% decline to $11.6 billion, it remains 157% higher than last year. Revenue from gas fees dropped by 46% QoQ, reflecting a broader decline in on-chain activity since Q4 2023, but recovery is anticipated as overall on-chain activity increases across smart contract platforms.
Despite a 7% decrease in active validators, down to 1,558, the amount of $AVAX staked has grown. The Avalanche Foundation's Icebreaker Program, which allocated 500,000 $AVAX to liquid staking solutions, has been pivotal in this growth. The Nakamoto coefficient, a measure of decentralization, decreased by 8% QoQ to 23, yet remains above the median for other Proof-of-Stake networks.
What strategies do you think Avalanche should adopt to enhance its ecosystem further?
--- Follow for the latest news! đ
#USDataImpact #BinanceLaunchpoolHMSTR #NFPWatch #CryptoMarketMoves #USNonFarmPayrollReport
- Total $AVAX staked increased by 6% QoQ to 254.5 million, driven by the Icebreaker Program and support from Coinbase.
- Despite a 43% decline in $AVAX's market cap, it remains 157% higher year-over-year, showcasing the ecosystem's resilience.
Ava Labs released its Q2 2024 analysis, revealing key developments in the Avalanche ecosystem. The report highlights a 6% increase in total $AVAX staked, reaching 254.5 million, primarily due to the Icebreaker Program and Coinbase's backing. The DeFi landscape also saw an 11% rise in total value locked (TVL), now at 30.8 million $AVAX, with new protocols like Clearpool contributing positively.
The governance proposal ACP-77 aims to reinvent subnet validation, potentially reducing startup costs for subnets. Although $AVAX's market cap experienced a 43% decline to $11.6 billion, it remains 157% higher than last year. Revenue from gas fees dropped by 46% QoQ, reflecting a broader decline in on-chain activity since Q4 2023, but recovery is anticipated as overall on-chain activity increases across smart contract platforms.
Despite a 7% decrease in active validators, down to 1,558, the amount of $AVAX staked has grown. The Avalanche Foundation's Icebreaker Program, which allocated 500,000 $AVAX to liquid staking solutions, has been pivotal in this growth. The Nakamoto coefficient, a measure of decentralization, decreased by 8% QoQ to 23, yet remains above the median for other Proof-of-Stake networks.
What strategies do you think Avalanche should adopt to enhance its ecosystem further?
--- Follow for the latest news! đ
#USDataImpact #BinanceLaunchpoolHMSTR #NFPWatch #CryptoMarketMoves #USNonFarmPayrollReport
$FET MACD is bullish, with a recent bullish crossover just starting to form. With the histogram showing green bars, momentum is building.
If $FET can hold and break past these key levels, it could continue its upward trend. Momentum is building with a clear bullish reversal.
#DOGSONBINANCE #USDataImpact #technical_analysis
If $FET can hold and break past these key levels, it could continue its upward trend. Momentum is building with a clear bullish reversal.
#DOGSONBINANCE #USDataImpact #technical_analysis
â
BULLISH SIGNAL FOR THE CRYPTO MARKET đ
Inflation in the US đșđž has fallen to 2.5%, which is lower than expected and the lowest inflation in more than 3 years.
Bitcoin may dump in the short term but this is a bullish sign for #Bitcoin and the overall #Crypto market.
If inflation is low then only we can expect a cut in interest rates in September.
We can expect the bull run to start from October.
â Inflation has been declining in US for the last 4 months.
đ¶ May CPI data â 3.3%
đ¶ June CPI data â 3%
đ¶ July CPI data â 2.9%
đ¶ Aug CPI data â 2.5%
#CPI #FOMC #CPIdata #CPI_BTC_Watch #USDataImpact #XRPVictory #PowellAtJacksonHole $BTC
Inflation in the US đșđž has fallen to 2.5%, which is lower than expected and the lowest inflation in more than 3 years.
Bitcoin may dump in the short term but this is a bullish sign for #Bitcoin and the overall #Crypto market.
If inflation is low then only we can expect a cut in interest rates in September.
We can expect the bull run to start from October.
â Inflation has been declining in US for the last 4 months.
đ¶ May CPI data â 3.3%
đ¶ June CPI data â 3%
đ¶ July CPI data â 2.9%
đ¶ Aug CPI data â 2.5%
#CPI #FOMC #CPIdata #CPI_BTC_Watch #USDataImpact #XRPVictory #PowellAtJacksonHole $BTC
Grayscale Launches XRP Trust, Sparking Hopes for Spot XRP ETF
TL;DR
- Grayscale has launched an XRP Trust in the U.S., providing accredited investors with direct exposure to the $XRP token, following Ripple's legal win against the SEC.
- The announcement led to an 8% surge in $XRP's market value, reflecting strong investor interest in the token.
Grayscale's recent launch of an XRP Trust marks a significant development for accredited investors seeking direct access to the $XRP token. This closed-end fund comes on the heels of Ripple's favorable court ruling against the SEC, which has alleviated some regulatory pressures surrounding $XRP. As a result, there is renewed enthusiasm and investment potential for the token.
Rayhaneh Sharif-Askary, Grayscaleâs Head of Product & Research, expressed confidence in the trust, emphasizing $XRP's role in facilitating rapid cross-border payments. This capability positions $XRP as a transformative asset within traditional financial systems, further driving interest from investors.
The Grayscale XRP Trust operates similarly to the firm's other single-asset investment trusts, focusing solely on the token that supports the XRP Ledger. Following the announcement, $XRP experienced a notable price spike, indicating a positive market reception and strong investor engagement.
What are your thoughts on the future of $XRP following this development?
---
Follow for the latest news! đ
#USDataImpact #dappOSTheFutureofIntents #BinanceWeb3Wallet #NFPWatch #CryptoMarketMoves #USNonFarmPayrollReport
TL;DR
- Grayscale has launched an XRP Trust in the U.S., providing accredited investors with direct exposure to the $XRP token, following Ripple's legal win against the SEC.
- The announcement led to an 8% surge in $XRP's market value, reflecting strong investor interest in the token.
Grayscale's recent launch of an XRP Trust marks a significant development for accredited investors seeking direct access to the $XRP token. This closed-end fund comes on the heels of Ripple's favorable court ruling against the SEC, which has alleviated some regulatory pressures surrounding $XRP. As a result, there is renewed enthusiasm and investment potential for the token.
Rayhaneh Sharif-Askary, Grayscaleâs Head of Product & Research, expressed confidence in the trust, emphasizing $XRP's role in facilitating rapid cross-border payments. This capability positions $XRP as a transformative asset within traditional financial systems, further driving interest from investors.
The Grayscale XRP Trust operates similarly to the firm's other single-asset investment trusts, focusing solely on the token that supports the XRP Ledger. Following the announcement, $XRP experienced a notable price spike, indicating a positive market reception and strong investor engagement.
What are your thoughts on the future of $XRP following this development?
---
Follow for the latest news! đ
#USDataImpact #dappOSTheFutureofIntents #BinanceWeb3Wallet #NFPWatch #CryptoMarketMoves #USNonFarmPayrollReport
wait.......âïž
we have not seen peak of $GLMR ,parabolic moves still to comeđ„đ
whn it moves upward from here as I expected it will rule whole crypto space for weeks.đ
Don't underestimate it.
#GLMR #TopCoinsJune2024 #GLMRUSDT #ETH_ETFs_Trading_Today #USDataImpact
we have not seen peak of $GLMR ,parabolic moves still to comeđ„đ
whn it moves upward from here as I expected it will rule whole crypto space for weeks.đ
Don't underestimate it.
#GLMR #TopCoinsJune2024 #GLMRUSDT #ETH_ETFs_Trading_Today #USDataImpact
WeWork's Adam Neumann Faces Setback as Flowcarbon Refunds Crypto Investors
TL;DR
- WeWork's founder Adam Neumann faced setbacks with his climate venture Flowcarbon, which had to refund investors after a failed crypto token launch.
- The company's ambition to use blockchain for carbon credit trading highlights the challenges of merging traditional business models with the volatile crypto market.
Adam Neumann's climate-focused venture, Flowcarbon, has encountered significant challenges following its recent attempt to launch a new crypto token. The initiative ended with refunds for investors, showcasing the difficulties of integrating traditional business models with the fast-evolving landscape of cryptocurrencies and climate solutions.
Flowcarbon aimed to revolutionize carbon credit trading using blockchain technology, but the launch did not meet expectations, leading to the decision to refund investors. This setback raises critical questions about the feasibility of crypto-based solutions in the climate sector, especially amid ongoing market volatility and regulatory scrutiny surrounding digital currencies like $BTC and $ETH.
Despite these hurdles, Neumann remains dedicated to innovative climate solutions. His vision for Flowcarbon was to enhance transparency and efficiency in carbon trading, but the initial market response indicates that substantial obstacles remain. As the demand for sustainable solutions grows, the intersection of technology and environmental responsibility will likely continue to evolve, influencing how other companies approach similar projects in the future.
---
Follow for the latest news! đđ
#USDataImpact #BinanceLaunchpoolHMSTR #NFPWatch #CryptoMarketMoves #USNonFarmPayrollReport
TL;DR
- WeWork's founder Adam Neumann faced setbacks with his climate venture Flowcarbon, which had to refund investors after a failed crypto token launch.
- The company's ambition to use blockchain for carbon credit trading highlights the challenges of merging traditional business models with the volatile crypto market.
Adam Neumann's climate-focused venture, Flowcarbon, has encountered significant challenges following its recent attempt to launch a new crypto token. The initiative ended with refunds for investors, showcasing the difficulties of integrating traditional business models with the fast-evolving landscape of cryptocurrencies and climate solutions.
Flowcarbon aimed to revolutionize carbon credit trading using blockchain technology, but the launch did not meet expectations, leading to the decision to refund investors. This setback raises critical questions about the feasibility of crypto-based solutions in the climate sector, especially amid ongoing market volatility and regulatory scrutiny surrounding digital currencies like $BTC and $ETH.
Despite these hurdles, Neumann remains dedicated to innovative climate solutions. His vision for Flowcarbon was to enhance transparency and efficiency in carbon trading, but the initial market response indicates that substantial obstacles remain. As the demand for sustainable solutions grows, the intersection of technology and environmental responsibility will likely continue to evolve, influencing how other companies approach similar projects in the future.
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eToro Settles with SEC, Limited to Trading Bitcoin, BCH, and ETH Only
TL;DR
- eToro has settled with the SEC, agreeing to pay a $1.5 million fine and limiting its trading to $BTC, $BCH, and $ETH.
- The settlement sheds light on the SEC's classification of digital assets, raising questions about the regulatory landscape for the crypto industry.
Trading platform eToro has reached a settlement with the U.S. Securities and Exchange Commission (SEC) over allegations of operating as an unregistered broker and clearing agency. The SEC claimed that eToro facilitated trading in certain crypto assets considered securities. As part of the settlement, eToro will pay a $1.5 million fine and can only trade $BTC, $BCH, and $ETH.
Headquartered in Israel, eToro is relatively small in the U.S. crypto market, with around 240,000 customer accounts compared to Coinbase's 100 million. However, the implications of this settlement are significant, as it provides insights into the SEC's stance on which digital assets are classified as securities. Legal experts have shared their perspectives, emphasizing the need for clearer guidance on digital asset classifications.
Joseph Tully, a securities litigation lawyer, noted that the SEC appears to consider $BTC, $BCH, and $ETH as commodities rather than securities. However, he highlighted the lack of legal guidance regarding other digital assets. Former SEC lawyer Alexandra Damsker expressed disappointment over the settlement, suggesting that the SEC should seek court determinations instead of cutting off business operations.
As the industry watches for further developments, this settlement underscores the ongoing regulatory challenges facing crypto platforms.
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#USDataImpact #BinanceLaunchpoolHMSTR #NFPWatch #CryptoMarketMoves #BinanceLaunchpoolHMSTR
TL;DR
- eToro has settled with the SEC, agreeing to pay a $1.5 million fine and limiting its trading to $BTC, $BCH, and $ETH.
- The settlement sheds light on the SEC's classification of digital assets, raising questions about the regulatory landscape for the crypto industry.
Trading platform eToro has reached a settlement with the U.S. Securities and Exchange Commission (SEC) over allegations of operating as an unregistered broker and clearing agency. The SEC claimed that eToro facilitated trading in certain crypto assets considered securities. As part of the settlement, eToro will pay a $1.5 million fine and can only trade $BTC, $BCH, and $ETH.
Headquartered in Israel, eToro is relatively small in the U.S. crypto market, with around 240,000 customer accounts compared to Coinbase's 100 million. However, the implications of this settlement are significant, as it provides insights into the SEC's stance on which digital assets are classified as securities. Legal experts have shared their perspectives, emphasizing the need for clearer guidance on digital asset classifications.
Joseph Tully, a securities litigation lawyer, noted that the SEC appears to consider $BTC, $BCH, and $ETH as commodities rather than securities. However, he highlighted the lack of legal guidance regarding other digital assets. Former SEC lawyer Alexandra Damsker expressed disappointment over the settlement, suggesting that the SEC should seek court determinations instead of cutting off business operations.
As the industry watches for further developments, this settlement underscores the ongoing regulatory challenges facing crypto platforms.
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#USDataImpact #BinanceLaunchpoolHMSTR #NFPWatch #CryptoMarketMoves #BinanceLaunchpoolHMSTR
YieldNest Launches ynBNB: A New Era for Restaking on BNB Chain
TL;DR
- YieldNest has launched its first liquid-restaking token, $ynBNB, on the $BNB Chain, aiming to enhance returns and access various restaking platforms.
- Restaking protocols have attracted over $25 billion in total value locked since their inception on $ETH, with $SOL also seeing significant participation.
YieldNest has introduced its first liquid-restaking token, $ynBNB, on the $BNB Chain, marking a notable advancement in the restaking ecosystem. This initiative aims to aggregate multiple yield sources and provide access to platforms like Kernel Protocol, Karak, and Binominal. Investors participating in restaking can accumulate yield and reward points, potentially boosting their returns. đ
Since their launch on the $ETH blockchain in June 2023, restaking protocols have gained immense popularity, attracting over $25 billion in total value locked (TVL). Other layer-1 blockchains, such as $SOL, have also joined the trend, with $SOL securing more than $4 billion in TVL. YieldNest's Seeds program allows users to gather points for future rewards and airdrops, enhancing their engagement with the platform.
Amadeo Brands, YieldNest's CEO and co-founder, expressed excitement about the launch, stating, "The launch of $ynBNB marks the beginning of our journey to develop the restaking landscape on the $BNB Chain." This new token not only enhances returns but also facilitates participation in various ecosystems while earning additional incentives. đ
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TL;DR
- YieldNest has launched its first liquid-restaking token, $ynBNB, on the $BNB Chain, aiming to enhance returns and access various restaking platforms.
- Restaking protocols have attracted over $25 billion in total value locked since their inception on $ETH, with $SOL also seeing significant participation.
YieldNest has introduced its first liquid-restaking token, $ynBNB, on the $BNB Chain, marking a notable advancement in the restaking ecosystem. This initiative aims to aggregate multiple yield sources and provide access to platforms like Kernel Protocol, Karak, and Binominal. Investors participating in restaking can accumulate yield and reward points, potentially boosting their returns. đ
Since their launch on the $ETH blockchain in June 2023, restaking protocols have gained immense popularity, attracting over $25 billion in total value locked (TVL). Other layer-1 blockchains, such as $SOL, have also joined the trend, with $SOL securing more than $4 billion in TVL. YieldNest's Seeds program allows users to gather points for future rewards and airdrops, enhancing their engagement with the platform.
Amadeo Brands, YieldNest's CEO and co-founder, expressed excitement about the launch, stating, "The launch of $ynBNB marks the beginning of our journey to develop the restaking landscape on the $BNB Chain." This new token not only enhances returns but also facilitates participation in various ecosystems while earning additional incentives. đ
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Follow for the latest news! đ
#USDataImpact #dappOSTheFutureofIntents #BinanceWeb3Wallet #NFPWatch #CryptoMarketMoves #USNonFarmPayrollReport
