🚀 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)
🚀 **Breaking News in the Crypto World!**
A federal judge's decision to allow Kalshi to list and trade election contracts has sparked a heated debate. The U.S. Commodity Futures Trading Commission (CFTC) argues that the judge "erred" in the ruling, claiming it ignored key definitions under the Commodity Exchange Act. Despite the CFTC's concerns, Kalshi has launched various election-related contracts for the 2024 elections.
- **Key Points:**
- Kalshi now offers contracts on presidential election outcomes, state victories, and more.
- The CFTC is pushing back, citing potential issues with "gaming" definitions.
- Crypto-based platform Polymarket remains a dominant player in election betting.
What do you think about election betting in the crypto space? Share your thoughts in the comments! 💬
🚀 Big news in the DeFi & Web 3 space! Kalshi just got the green light to list election contracts, despite the CFTC's objections. 🎉
1️⃣ A federal judge ruled that Kalshi can list these contracts, much to the CFTC's dismay. The CFTC argued that this falls under "gaming," but the court didn't buy it.
2️⃣ Kalshi wasted no time and has already listed contracts for the 2024 election, from presidential winners to state victories. 🗳️
3️⃣ The CFTC tried to stop this with an emergency stay, but the appellate court said, "No harm, no foul."
What do you think? Is this a win for DeFi? Comment below! 👇
🚨 Crypto Companies Paid $19,000,000,000 in 2024 SETTLEMENTS Alone!
U.S. regulators have raked in a staggering $19 billion from crypto companies in settlements this year — marking a massive leap compared to previous years. The total amount collected since 2019 now stands at $31.92 billion, with 2024 accounting for two-thirds of it!
Key Players:
- FTX & Alameda top the list, coughing up $12.7 billion to the CFTC in an August settlement.
- Terraform Labs ranks second with a $4.47 billion settlement over the TerraUSD (UST) collapse.
- Genesis follows, settling for $2 billion with the OAG.
This year has seen an 78% spike in settlements compared to 2023, signaling that regulatory pressure is far from easing.
Regulatory Crackdown Intensifies: Crypto regulation hit a boiling point in the last two years, with Celsius, Terraform Labs, and FTX’s implosion acting as catalysts for more aggressive scrutiny. Binance’s November 2023 settlement also stands out as the only billion-dollar deal made with a company still in operation, underscoring the high stakes of regulatory battles.
Crypto’s bull-to-bear market shift after major collapses in 2022 triggered this wave of scrutiny and lawsuits. The numbers show how far regulators have stepped up their efforts to police the industry. Is 2024 on track to be the most litigious year in crypto history? All signs point to yes!
What do you think about this situation?
👇 Drop a comment below and stay updated with @Mende !
#FTX #Terra #Genesis #Regulation #CFTC
$PEPE $SHIB $FLOKI