LIVENicky Lai_Crypto Research
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Decentralized Exchanges Are Taking a Significant Share in the Cryptocurrency Trading Market
The trading volume ratio from DEX to CEX, representing the proportion of spot trading volume between decentralized exchanges (DEX) and centralized exchanges (CEX), is on track to reach a new all-time high of 13.76% in July 2024 at the time of writing, surpassing the previous record of 13.7% set in May 2023.
While this is impressive, it's noteworthy that DEX volumes peaked earlier this year at $203 billion in March 2024, indicating room for further growth in this trend.
The DEX trading landscape
While this is impressive, it's noteworthy that DEX volumes peaked earlier this year at $203 billion in March 2024, indicating room for further growth in this trend.
The DEX trading landscape
Ethereum ETF Set to Trade Next Week
According to multiple sources, the SEC has informed Ethereum ETF issuers that they will be allowed to start trading next Tuesday, July 23.
CoinDesk reports that the SEC has communicated the trading start date to Ethereum ETF issuers, confirming that trading will commence next Tuesday, July 23.
The SEC has also requested that issuers finalize and resubmit their S-1 filings by this Wednesday, July 17.
Bloomberg ETF analyst Eric Balchunas corroborated this information in a post on X (formerly Twitt
CoinDesk reports that the SEC has communicated the trading start date to Ethereum ETF issuers, confirming that trading will commence next Tuesday, July 23.
The SEC has also requested that issuers finalize and resubmit their S-1 filings by this Wednesday, July 17.
Bloomberg ETF analyst Eric Balchunas corroborated this information in a post on X (formerly Twitt
I've been watching football for 28 years, with 22 of those years as a passionate fan of Real Madrid. Witnessing fairy-tale championships like Greece winning the Euro or Leicester City clinching the Premier League, or those Champions League matches where a team is 99% eliminated in the 89th minute but makes a miraculous comeback, like Real Madrid beating Manchester City... I've learned that as long as the ball is in play, anything can happen.
#DBOE is currently hosting an event to predict the Euro champion, and it seems the odds for England winning are quite low. Betting around $10 in Matic on the England team might just make that fairy tale come true. Even if they don't win, the amount you bet will be returned to you as points, which can later be exchanged for dboe tokens. So, there's really no losing in this bet.
For those of you who play crypto and love football, why not try your luck a bit?
https://event.dboe.exchange/prediction-sport
#EURO2024 #Spain #England
#DBOE is currently hosting an event to predict the Euro champion, and it seems the odds for England winning are quite low. Betting around $10 in Matic on the England team might just make that fairy tale come true. Even if they don't win, the amount you bet will be returned to you as points, which can later be exchanged for dboe tokens. So, there's really no losing in this bet.
For those of you who play crypto and love football, why not try your luck a bit?
https://event.dboe.exchange/prediction-sport
#EURO2024 #Spain #England
According to information on X, #Trump will speak at the #bitcoin☀️ 2024 conference. His election victory would be good news for the entire market. If not, it's best to maintain your Put Options!
July #BTC☀ Plan: Can BTC Reach $65,000 - $66,000?
Currently, Bullish volume is rising again, and Bears need BTC to reach higher levels to short. After the German government panic-sold some BTC, Blackrock scooped up $121M worth at a great price today.
What to Do if BTC Really Increases? (If You're Already Holding)
Option 1:
If you're not confident, you can withdraw a portion of your capital to minimize risk and sleep better, avoiding the fear of a price crash due to whale dumping 🤪. If the market drops, you can DCA. If the market continues to uptrend, accept having excess cash on the sidelines.
Option 2:
You can buy weekly Puts, amounting to 1-2% of your portfolio each week, to ensure that if the market declines, your portfolio isn't too heavily affected, and you even have more USDT to DCA into better positions until BTC confirms a reversal. If the market continues to uptrend, you'll gain an average of 5-10% daily, covering the cost of Puts and making a good profit.
Both options reduce risk, but the first option may limit opportunities more than the second.
However, choose your method based on analysis, knowledge, and personal traits. Good luck bringing in foreign currency 🤑.
4o
Currently, Bullish volume is rising again, and Bears need BTC to reach higher levels to short. After the German government panic-sold some BTC, Blackrock scooped up $121M worth at a great price today.
What to Do if BTC Really Increases? (If You're Already Holding)
Option 1:
If you're not confident, you can withdraw a portion of your capital to minimize risk and sleep better, avoiding the fear of a price crash due to whale dumping 🤪. If the market drops, you can DCA. If the market continues to uptrend, accept having excess cash on the sidelines.
Option 2:
You can buy weekly Puts, amounting to 1-2% of your portfolio each week, to ensure that if the market declines, your portfolio isn't too heavily affected, and you even have more USDT to DCA into better positions until BTC confirms a reversal. If the market continues to uptrend, you'll gain an average of 5-10% daily, covering the cost of Puts and making a good profit.
Both options reduce risk, but the first option may limit opportunities more than the second.
However, choose your method based on analysis, knowledge, and personal traits. Good luck bringing in foreign currency 🤑.
4o
#ton_blockchain x #PolygonMATIC Prepare to Launch Layer 2
At the recent EthCC conference, the TON development team announced the launch of a Layer 2 solution called TAC. TAC will utilize Polygon's CDK technology to leverage advantages in processing speed and low transaction fees.
The goal of TAC is to bring a vast number of dApps on the EVM network to the TON ecosystem. In the near future, TAC is expected to be a formidable Layer 2 solution as it already boasts a significant user base and now integrates strong EVM compatibility.🫣
At the recent EthCC conference, the TON development team announced the launch of a Layer 2 solution called TAC. TAC will utilize Polygon's CDK technology to leverage advantages in processing speed and low transaction fees.
The goal of TAC is to bring a vast number of dApps on the EVM network to the TON ecosystem. In the near future, TAC is expected to be a formidable Layer 2 solution as it already boasts a significant user base and now integrates strong EVM compatibility.🫣
ETF analysts believe that the SEC is likely to approve the S-1 application for the SPOT #ETH🔥🔥🔥🔥 this week. This expectation is contributing to the market's recent recovery.
However, it's important to consider the possibility of a significant sell-off following the #ETFEthereum approval, similar to what happened with BTC recently.
Therefore, I recommend considering a Put #options order on the #DBOE to protect your position.
However, it's important to consider the possibility of a significant sell-off following the #ETFEthereum approval, similar to what happened with BTC recently.
Therefore, I recommend considering a Put #options order on the #DBOE to protect your position.
#BTC☀
moved nearly 10k in 2 days... 😱
Broke the 55k bottom, are the traders still breathing? There have been too many technical analyses predicting an uptrend to 100k, but people have forgotten that #marketmakers (MM) can draw any path we couldn't have imagined. Such is the fate of liquidity, haha :)))
Fortunately, I'm still doing okay with a long-term hold and weekly options. If the BTC price increases, I consider it a small loss on those options, but with the current drop, it's like #Dca -ing my spot losses.
In summary, there’s no getting rich quick in this market:)) Slowly nibbling at the profits, saving up day by day, and then buying real assets. My perspective is that it's better to earn little than to see my account get halved or tripled!
moved nearly 10k in 2 days... 😱
Broke the 55k bottom, are the traders still breathing? There have been too many technical analyses predicting an uptrend to 100k, but people have forgotten that #marketmakers (MM) can draw any path we couldn't have imagined. Such is the fate of liquidity, haha :)))
Fortunately, I'm still doing okay with a long-term hold and weekly options. If the BTC price increases, I consider it a small loss on those options, but with the current drop, it's like #Dca -ing my spot losses.
In summary, there’s no getting rich quick in this market:)) Slowly nibbling at the profits, saving up day by day, and then buying real assets. My perspective is that it's better to earn little than to see my account get halved or tripled!
There will be no ETH Spot ETF this week?
The initial expected time for the approval of the S-1 filing for the ETH Spot ETF was in the first week of July.
However, this week faces the July 4th holiday - Independence Day in the US.
=> The SEC has postponed the submission of the amended registration statement to 7/8, according to ETF expert Eric Balchunas (https://x.com/EricBalchunas).
=> The earliest we might get more information about the listing of the ETH ETF would be next week or the week after.
Some additional information:
🟢 Only the 19b-4 filings have deadlines (all of which have been approved); there is no deadline for approving the S-1 filings.
🟢 SEC Chairman previously said the ETH ETF is likely to be approved by the end of summer (https://thedefiant.io/news/markets/gensler-predicts-ethereum-etfs-approval-by-end-of-summer).
🟢 Gas fees on ETH are at a record low (usually signaling a bottom).
🟢 The price of ETH has dropped to $3k1 - the level before the rumors of the 19b-4 filings being approved (May 20).
🟢 The capital inflow into the ETH ETF is rated low.
Positive news gets delayed, negative news spreads widely, and the market is shaking out leveraged positions and short-term holders. Stay strong during this period, folks.
I'm still hanging in there because I buy put options regularly every week, so I'm still managing to salvage a bit.
#BTC☀ #ETHETFsApproved #DBOE #OptionsTrading
The initial expected time for the approval of the S-1 filing for the ETH Spot ETF was in the first week of July.
However, this week faces the July 4th holiday - Independence Day in the US.
=> The SEC has postponed the submission of the amended registration statement to 7/8, according to ETF expert Eric Balchunas (https://x.com/EricBalchunas).
=> The earliest we might get more information about the listing of the ETH ETF would be next week or the week after.
Some additional information:
🟢 Only the 19b-4 filings have deadlines (all of which have been approved); there is no deadline for approving the S-1 filings.
🟢 SEC Chairman previously said the ETH ETF is likely to be approved by the end of summer (https://thedefiant.io/news/markets/gensler-predicts-ethereum-etfs-approval-by-end-of-summer).
🟢 Gas fees on ETH are at a record low (usually signaling a bottom).
🟢 The price of ETH has dropped to $3k1 - the level before the rumors of the 19b-4 filings being approved (May 20).
🟢 The capital inflow into the ETH ETF is rated low.
Positive news gets delayed, negative news spreads widely, and the market is shaking out leveraged positions and short-term holders. Stay strong during this period, folks.
I'm still hanging in there because I buy put options regularly every week, so I'm still managing to salvage a bit.
#BTC☀ #ETHETFsApproved #DBOE #OptionsTrading
The #Blast token has a total supply of 100 billion, of which 50% is allocated to the community, while the rest is divided among investors, the project team, and the Blast Foundation fund.
How to Trade Options on DBOE: A Step-by-Step Guide
Options trading is a popular way to speculate on or hedge against price movements in underlying assets. Options contracts give the buyer the right, but not the obligation, to buy or sell an asset at a specified price on or before a specified date.
DBOE: The Most Diverse Options Platform
DBOE is a decentralized options exchange that offers a variety of features and benefits, including:
A user-friendly interfaceLow transaction feesA variety of options contractsThe ability to trade options on a va
DBOE: The Most Diverse Options Platform
DBOE is a decentralized options exchange that offers a variety of features and benefits, including:
A user-friendly interfaceLow transaction feesA variety of options contractsThe ability to trade options on a va
Some good news that could potentially make the market lively again in the future:
#ETHETFsApproved trading.
The first interest rate cut by the FED in the last two quarters of this year, with multiple cuts expected next year.
President Trump being re-elected (Trump is quite friendly towards crypto, whereas the Biden administration is the opposite).
BTC.DOM remains high, so I believe altcoins still have a strong rally ahead.
When BTC.DOM drops to around 40%, I will start gradually selling off my assets.
Bullish on ecosystems like #Solana_Blockchain , #AI , #RWA!
#ETHETFsApproved trading.
The first interest rate cut by the FED in the last two quarters of this year, with multiple cuts expected next year.
President Trump being re-elected (Trump is quite friendly towards crypto, whereas the Biden administration is the opposite).
BTC.DOM remains high, so I believe altcoins still have a strong rally ahead.
When BTC.DOM drops to around 40%, I will start gradually selling off my assets.
Bullish on ecosystems like #Solana_Blockchain , #AI , #RWA!
#ETH🔥🔥🔥🔥 ETF update:
The SEC has requested companies to revise and resubmit their S-1 forms by July 8th. This means that the official trading of the ETFs might be delayed by a few days, beyond July 8th.
#ETHETFsApproved
The SEC has requested companies to revise and resubmit their S-1 forms by July 8th. This means that the official trading of the ETFs might be delayed by a few days, beyond July 8th.
#ETHETFsApproved
Notable Token Unlocks in July 2024
In the upcoming month, the cryptocurrency sector will see over $800 million worth of tokens unlocked and released into the market. Of particular note are the projects Xai (XAI) and AltLayer (ALT), each set to unlock more than 40% of their total supply, with a combined value of hundreds of millions of dollars.
This article highlights a few projects with significant token unlocks in July. Readers can find more details on Token Unlocks and CryptoRanks.
Major Unlocks
June 30: Optimism (OP) unlocks
This article highlights a few projects with significant token unlocks in July. Readers can find more details on Token Unlocks and CryptoRanks.
Major Unlocks
June 30: Optimism (OP) unlocks
#BTC☀ Mid-term Plan 🌕
I expect a rebound wave for BTC and altcoins in the next 4-6 weeks. I will continue to DCA using Put #OptionsTrading while waiting for BTC to recover.
Additionally, I will focus on analyzing projects in AI, RWA, SOL, and other projects within the #Solana_Blockchain ecosystem.
So, what are your plans for the upcoming period?
I expect a rebound wave for BTC and altcoins in the next 4-6 weeks. I will continue to DCA using Put #OptionsTrading while waiting for BTC to recover.
Additionally, I will focus on analyzing projects in AI, RWA, SOL, and other projects within the #Solana_Blockchain ecosystem.
So, what are your plans for the upcoming period?
✔️ Despite a sluggish market, the TVL of #TON continues to rise, reaching $700M. Something big is coming
Chainlink Build has expanded to projects in Vietnam: #DBOE , #Holdstation #Mirco3 , ZK, Mind Network and #Thirdfi . Which project are you interested in, and which one do you think will be listed on Binance?
#ZK has already been listed! 🚀
#ZK has already been listed! 🚀
