According to Odaily, the United States' retail sales for August recorded a monthly increase of 0.1%, surpassing the expected decline of 0.2%. The previous month's figure was revised from 1.00% to 1.1%. The retail sales control group for August also matched expectations at 0.3%, with the prior value adjusted from 0.30% to 0.4%. Additionally, core retail sales for August saw a monthly rise of 0.1%, which was below the anticipated 0.2%, and the previous month's figure was revised from 0.40% to 0.4%.

While September 16th initially sparked excitement, Blum's announcement that it wasn't the airdrop or listing date left the community on tenterhooks. The delay, however, has opened up possibilities for more strategic timing. Given the upcoming Hamster Kombat listing on Binance, there's a strong chance that Blum might capitalize on the hype by setting its listing date just before it.
Rumors and misinformation have been rampant. Blum has urged its community to stay cautious and verify information from official sources. The delay has also heightened anticipation for the airdrop, which is expected to occur sometime in Q4 2024.
The airdrop is poised to be a significant event, rewarding both existing and new users. With over 20 million active users connected through TON wallets, the airdrop is likely to attract even more participants. The eligibility criteria will play a crucial role in determining who can benefit from this event.
The potential listing of Blum on major exchanges like Binance is another eagerly awaited milestone. Such a listing could significantly boost Blum's visibility and market capitalization. Investors are closely watching the pre-market price of $0.02, with analysts predicting a potential rise to $0.05 by mid-2025.
Beyond the airdrop and listing, Blum continues to engage its community through daily video codes. These codes offer users opportunities to increase their earnings and contribute to the platform's growth.
As Blum prepares for these upcoming events, the crypto community is eagerly awaiting more details. With a strong community, a growing user base, and strategic plans, Blum is well-positioned to make a significant impact in the crypto space.

#Token2049 #BinanceLaunchpoolHMSTR #NeiroOnBinance #BinanceLaunchpoolCATI #USRetailSalesRise

Last time, this triggered the 2020 bull run

In this:
- Is history about to repeat?
- What are Fed rate cuts?
- Why do rate cuts move the market so much?

What are Fed rate cuts?

When the U.S. economy slows down, the Federal Reserve lowers interest rates, making borrowing cheaper for businesses and consumers.

This encourages spending and investment, boosting the economy.

Essentially, people and companies take out more loans, the Fed prints new money, which enters circulation and can lead to inflation.

2020 Rate cuts

Even before the pandemic, interest rates were at a historically low range of 1.5% - 1.75%.

When COVID-19 hit, the Fed made two emergency cuts in one month:

- First cut: 50 bps (0.5%)
- Second cut: 100 bps (1%)

This brought the federal funds rate to 0% – 0.25%, essentially making money extremely cheap for borrowing.

While not "free," borrowing costs were drastically reduced, sparking an influx of liquidity into the markets.

Impact on Crypto

Rate cuts in 2020 were a major driver of the crypto sector's rapid growth, as cheap liquidity and low borrowing costs pushed investors toward riskier, high-growth assets.

While inflation didn't spike immediately, the influx of liquidity eventually contributed to rising inflation in 2021.

2024 Rate cuts

Following the low interest rates in 2020, inflation surged in 2021 due to supply chain issues and increased consumer demand.

In response, the Fed began a series of rate hikes starting in 2022, bringing rates to the current range of 5.25% – 5.50% (two-decade high).

FOMC September 18th

Tomorrow, the Fed is expected to begin cutting rates.

This time, the cuts are anticipated to be gradual rather than drastic, with most predicting a 25 bps or 50 bps on the first reduction.

Forecasts for the First Rate Cut:

- JP Morgan: 50 bps cut expected

- Morgan Stanley: 25 bps, favoring slow, gradual cuts, with a potential total reduction of 75 bps by the end of 2024

- Bank of America: 25 bps, with caution about larger cuts but acknowledging the possibility of a 50 bps reduction if economic conditions worsen

Difference Between 2020 and 2024 Rate Cuts

- Inflation Concerns: In 2024, inflation remains a key issue, making the Fed more cautious

- Higher Starting Rates: Rates are much higher now (5.25% – 5.50%) compared to near-zero in 2020

- Cutting Pace: 2024 cuts are expected to be gradual, unlike the drastic cuts in 2020 to counter the sudden economic shock

Conclusion

Rate cuts will likely support Bitcoin and the whole crypto market, but their impact won’t be as significant as in 2020.

The 2020 cuts occurred under unique circumstances - near-zero rates, a pandemic, and massive liquidity injections.

While rate cuts are still bullish for crypto because they encourage economic growth, it’s unlikely we’ll see a repeat of the massive bull run triggered by the 2020 cuts.

That's all for now.

To stay updated on my latest crypto insights,follow me @CyclopCrypto

FOMC #USRetailSalesRise #CPI_BTC_Watch #Debate2024 #FedRateCut

The cryptocurrency space is buzzing with outrageous predictions that are raising eyebrows. Claims like $Shib soaring to $5, $Pepe hitting $39, $XRP skyrocketing to $2000, $LUNC at $732, and $DOGE reaching a staggering $2502 are circulating. But let’s be real—many of these forecasts come from dubious sources lacking genuine expertise.
🔍 New Investors: Stay Skeptical! It’s crucial to do your own research. Many newcomers are lured into inactive coins, swayed by community hype without fully understanding the market dynamics.
I’ve navigated these turbulent waters myself, and I urge you to tread carefully. Avoid common pitfalls by relying on solid analysis rather than sensational claims.
Have you encountered similar speculative predictions? Share your thoughts! Let’s foster a community of informed investors.
#Write2Earn #BinanceTurns7 #USRetailSalesRise

In a significant legal ruling, a judge has determined that an individual claiming to be the inventor of Bitcoin, the elusive Satoshi Nakamoto, does not have sufficient evidence to prove their case. This decision marks the latest chapter in the ongoing mystery surrounding the true identity of the person or group behind the creation of Bitcoin, the world's first and most valuable cryptocurrency.
👇👇👇
$BTC
The Legal Battle 🔍
The case involved Craig Wright, an Australian computer scientist who has long claimed to be Satoshi Nakamoto. Wright has been embroiled in numerous legal battles, trying to prove his involvement in the creation of Bitcoin. In this latest ruling, the judge concluded that the evidence presented, including documents and cryptographic proofs, was not convincing enough to establish Wright as Bitcoin’s creator.
Why the Ruling Matters ⚖️
- Bitcoin’s Origins Remain a Mystery 🔐: The ruling leaves the identity of Satoshi Nakamoto as one of the biggest unsolved mysteries in the tech world. Despite many claims over the years, no one has definitively proven that they are the creator of Bitcoin.

- Implications for Cryptocurrency Ownership 💼: Had Wright been able to prove his identity, it could have significant implications for the ownership of Satoshi’s Bitcoin wallet, believed to contain over 1 million BTC (worth billions of dollars). This wallet has remained dormant since Bitcoin’s inception.
- The Crypto Community’s Reaction 💬: The ruling has reignited debates within the crypto community, with many viewing it as a victory for those who have long doubted Wright’s claims. Bitcoin’s decentralized ethos and Nakamoto’s anonymity are seen as key elements of the currency’s appeal, and many believe that Satoshi’s true identity should remain unknown.
What’s Next? 🔮
While this ruling puts another dent in Wright’s claims, it’s unlikely to be the final word in the saga. Wright has indicated that he will continue his legal efforts, but for now, the court’s decision keeps the legend of Satoshi Nakamoto alive, shrouded in mystery.
As the world of crypto continues to grow, the quest to uncover the real inventor of Bitcoin remains as intriguing as ever.
#OMC #USRetailSalesRise #BinanceTurns7 #BTC☀ #SuperMacho