$BTC BIG BREAKING NEWS Wells Fargo (3rd largest US bank) has | DataDrivenCEO on Binance Square

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$BTC BIG BREAKING NEWS
Wells Fargo (3rd largest US bank) has entered the BTC ETF arena.
2nd breaking news
JPMorgan also has a spot etf brewing according to SEC filings.💪

Reason for dump = new etfs?

68%

Just overleveraged people

32%

31 votes • Voting closed

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$BTC 🚨 Crypto Community Alert: BlockTower Capital Hacked! 🚨 What Happened? BlockTower Capital, a major player with $1.7 billion in assets, faced a severe security breach. Hackers infiltrated their main hedge fund, leading to significant financial losses. Current Status: Blockchain experts are on the case, unraveling the hack’s mechanics. Communication: Partners have been briefed, but public statements remain on hold. Wider Implications: This incident adds to the alarming $1.7 billion stolen from crypto entities last year. It’s a stark reminder of the persistent security challenges in the crypto space. About BlockTower: Established in 2017, with roots in Miami and New York, BlockTower has backed industry giants like Dapper Labs and Sky Mavis. Not Their First Rodeo: Previously, BlockTower had to shut down a $100 million “market-neutral” fund amidst a strategy dry-up. Stay Vigilant! This hack underscores the importance of robust security measures and due diligence in the crypto world.

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$BTC 📈 Today’s Big Event: US CPI Data Release! 📉 Time: 12:30 PM UTC (6:00 PM IST) Forecasts Predict: Core CPI: Expected to rise by +0.30% in April, bringing the annual rate down to 3.6% from March’s 3.8%.Headline CPI: Anticipated increase of +0.37% in April, with the yearly rate potentially dropping to 3.4% from 3.5%. 🚨 Crypto Traders Alert! High volatility expected in #Bitcoin and #Crypto markets. 🚨 What’s your take on the upcoming US CPI 👍inflation figures? Previous: 3.5% Y/Y Estimate: 3.4% Y/Y ⚠️ Trade with Caution! Avoid overleveraging and ensure you have a robust strategy. Today’s data could heavily influence #FED decisions and sway market trends. ⚠️

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A Week Packed with Market-Moving Data! Prepare for a whirlwind week in the financial markets, as we anticipate a series of key events that could sway investor sentiment and market dynamics: Tuesday’s Spotlight: The release of the April Producer Price Index (PPI) Inflation data will provide insights into wholesale price trends, followed by a much-awaited speech from Federal Reserve Chair Jerome Powell. His remarks could hint at future monetary policy shifts. Midweek Market Movers: Wednesday brings us the Consumer Price Index (CPI) Inflation data for April, a critical gauge of consumer-level inflation. This will be coupled with the latest figures on Retail Sales, offering a snapshot of consumer spending health. Manufacturing and More: The Philadelphia Fed Manufacturing Index on Thursday will shed light on the manufacturing sector’s performance. Additionally, brace yourself for a packed schedule with a total of 12 Federal Reserve speaker events throughout the week. Stay tuned as we navigate through these pivotal developments, ready to analyze their implications for traders and investors alike. As always, stay safe my friends!

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12 dead chains that wont go up as much as $BTC or worst case go down in value. If you are not near your all time high more then half way through the bull you are in trouble. None of these chains will revolutionize anything going forward. 1. Ripple ( #XRP ): Distance from ATH 85%, value per active user 1 million dollar. Fully diluted market cap of $51.6 billion despite minimal utility or adoption. Ripple keeps dumping tokens on retail, 50b dollar in escrow dumping over time. 2. Cardano ( #ADA ): Fully diluted market cap per daily active user of $65,000, last 90 days -40% active users, fees gathered -60%. TPS below 10. 3. Bitcoin Cash ( #BCH ): Fully diluted market cap of $9 billion despite minimal utility or adoption, essentially being a clone of Bitcoin. 4. Litecoin ( #LTC ): Fully diluted market cap of nearly $7 billion despite minimal utility or adoption, often seen as a silver to Bitcoin's gold. 5. EOS ( #EOS ): 95% whale concentration, meaning a small number of people hold a large portion of the tokens, leading to potential manipulation. 6. Stellar ( #XLM ): 89% whale concentration, posing similar risks as EOS. 7. Theta ( #THETA ): Fully diluted market cap per daily active user of $1.67 million, indicating a high price for minimal active users. 8. Internet Computer Protocol ( #ICP ): Fully diluted market cap per daily active user of $1.5 million, similar to Theta. Fully diluted market cap per daily transaction of $518,000, again highlighting a high price for low usage. 9. Flow ( #FLOW ): Fully diluted market cap per daily transaction of $31,000, indicating a high price for minimal transaction volume. 10. Ethereum Classic ( #ETC ): This shoulnt even exist as it's essentially a less secure version of Ethereum. 11. Bitcoin SV ( #BSV ): 95% whale concentration, similar to EOS and XLM. Do not trust the youtubers find people that does not make you their product, people that have already made their money! Feel free to comment and ill answer in more detail why your chain is useless.

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$BTC 10 Signs We're Entering a Wild Crypto & Economic Rollercoaster Buckle up, Binance fam, because things are about to get interesting in the world of crypto and beyond. Here's a breakdown of the 10 hottest events that could have a major impact on your portfolio: Uncle Sam's Borrow-a-Thon: The US government is on track to borrow a whopping $2.4 trillion in 2024. This fiscal firestorm could have major implications for the dollar and inflation. Fed Chair Powell Gets Jittery: Jerome Powell, the head honcho at the Fed, is expressing concerns about the economic outlook. This could signal potential interest rate hikes coming down the pike. Labor Market Chill: Get ready for a slowdown, because the job market is cooling down and might even freeze by the end of 2024 or early 2025. AI: Friend or Foe?: The AI revolution is upon us, but it's a double-edged sword. While it will create new opportunities, it's also likely to automate many jobs, potentially leading to unemployment. Oil on the Rise: There's a 90% chance oil will hit $90 a barrel. This energy surge could further strain the global economy. Bitcoin's Bumpy Ride: Bitcoin had a rollercoaster week, but it managed to shoot up a staggering $5,600 in just 42 hours. Buckle up for more volatility ahead! Big Money's Moving In: Pension funds, whales, and even Hong Kong are diving headfirst into Bitcoin. This institutional adoption is a major sign of crypto's growing legitimacy. DCA with Jack Dorsey: Square's CEO, Jack Dorsey, is advocating for a Dollar-Cost Averaging (DCA) strategy, suggesting investors allocate 10% of their profits into Bitcoin. Mr. 100 Makes a Splash: A mysterious figure known as "Mr. 100" made a $260 million Bitcoin buy in just 21 hours, sending shockwaves through the market. Elon Musk Tweets Crypto: The ever-unpredictable Elon Musk sparked fresh crypto buzz with a tweet about Bitcoin and the national debt. Stay tuned, Binance fam, because the coming months promise to be an exciting and potentially volatile ride in the crypto and global economic landscape!

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