LIVELaraxen
@CryptoPrincess
Binance Square Content Creator | Daily trading ideas | My custom indicators analysis | Crypto News
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I stepped into the world of crypto by meeting Binance in 2019 and have been using this platform for six years since then. I learned about trading, learning about Bitcoin and altcoins through Binance. My current trading capabilities and many gains were made thanks to Binance. While other exchanges could not gain my trust, I chose Binance as the most trusted exchange and recommended it to my circle, family and friends. Iâm glad Iâm with you, Iâm glad Iâm from Binance.
Thanks for everything @Binance đđ€
$BTC #BinanceTurns7
Thanks for everything @Binance đđ€
$BTC #BinanceTurns7
Iran's claim brought a decline in Bitcoin: A rise in gold and oil
With the geopolitical tension in the Middle East, Bitcoin brought a huge decline in US stocks. The largest cryptocurrency fell to $62,500. Gold, on the other hand, rose more than 1% in minutes and rose above 2660 dollars again.
The special news made by Washington-based news platform Axios created an earthquake effect in the markets. According to the news of Barak Ravid from Axios, a US White House official stated that Iran could attack Israel with a ballistic missile.
âThe result will be very seriousâ
What the White House official wrote to journalist Ravid is as follows:
âAs the USA, we have an impression that Iran will launch an attack against Israel with a missile in a short time. The consequences of this attack, which will be carried out directly by Iran, will be very serious. We are currently actively supporting Israel's defense.â
After this news, Bitcoin price went down to $62,500. Gold rose in minutes and reached $2660. There was also an increase in oil prices. Nasdaq and S&P 500 fell again. The CBOE volatility index also reached its peak in the last 3 weeks.
Israel, which killed Hezbollah leader Nasrallah over the weekend, continued to bomb Lebanon and the capital Beirut from the air, while launching ground operations to certain regions as of this morning.
Missile, which are the subject of the news, are generally known for their long-range and devastating effects.
With the geopolitical tension in the Middle East, Bitcoin brought a huge decline in US stocks. The largest cryptocurrency fell to $62,500. Gold, on the other hand, rose more than 1% in minutes and rose above 2660 dollars again.
The special news made by Washington-based news platform Axios created an earthquake effect in the markets. According to the news of Barak Ravid from Axios, a US White House official stated that Iran could attack Israel with a ballistic missile.
âThe result will be very seriousâ
What the White House official wrote to journalist Ravid is as follows:
âAs the USA, we have an impression that Iran will launch an attack against Israel with a missile in a short time. The consequences of this attack, which will be carried out directly by Iran, will be very serious. We are currently actively supporting Israel's defense.â
After this news, Bitcoin price went down to $62,500. Gold rose in minutes and reached $2660. There was also an increase in oil prices. Nasdaq and S&P 500 fell again. The CBOE volatility index also reached its peak in the last 3 weeks.
Israel, which killed Hezbollah leader Nasrallah over the weekend, continued to bomb Lebanon and the capital Beirut from the air, while launching ground operations to certain regions as of this morning.
Missile, which are the subject of the news, are generally known for their long-range and devastating effects.
Robert Kiyosaki warned: Strange times are coming, be careful
An interesting tweet came from Robert Kiyosaki, who usually suggests Bitcoin, gold and silver. Famous investor and analyst, "We have strange people ahead of us. Be careful. Strange times, strange people are professionally cut in your head," he said.
Robert Kiyosaki, the author of the book "Rich father, poor father", made an interesting comment. In his tweet on the X account, the famous analyst claimed that the world financial markets have entered a strange period.
"Be careful" warning...
Stating that investors should be careful with the advice they receive, Kiyosaki said:
âWhen strange times are entered, strange people also become professionals. For example, a friend of mine received advice on investing in Iraqi dinar. Of course, I have no information about this... But the strange thing was the one who suggested it. That woman stated that Jesus spoke to her and told her that the Iraqi dinar was the safest investment. As a joke, I said, 'I didn't say anything like that'. Anyway... We're getting into weird times. Please be very careful about who gives you investment advice, even if it's Jesus...â
Kiyosaki states that in recent years, the US government will comply with its re-printing policy and investors should buy gold, silver and Bitcoin.
An interesting tweet came from Robert Kiyosaki, who usually suggests Bitcoin, gold and silver. Famous investor and analyst, "We have strange people ahead of us. Be careful. Strange times, strange people are professionally cut in your head," he said.
Robert Kiyosaki, the author of the book "Rich father, poor father", made an interesting comment. In his tweet on the X account, the famous analyst claimed that the world financial markets have entered a strange period.
"Be careful" warning...
Stating that investors should be careful with the advice they receive, Kiyosaki said:
âWhen strange times are entered, strange people also become professionals. For example, a friend of mine received advice on investing in Iraqi dinar. Of course, I have no information about this... But the strange thing was the one who suggested it. That woman stated that Jesus spoke to her and told her that the Iraqi dinar was the safest investment. As a joke, I said, 'I didn't say anything like that'. Anyway... We're getting into weird times. Please be very careful about who gives you investment advice, even if it's Jesus...â
Kiyosaki states that in recent years, the US government will comply with its re-printing policy and investors should buy gold, silver and Bitcoin.
FTT
FTX news raised FTT by 100 percent: Is it real or gossip?
As the time for repayment approached on the FTX exchange, which went bankrupt at the end of 2022, rumors and news on the subject began to increase. The claims that the payments have reached 16 billion dollars and will start as of today have seriously increased the FTT token. But the facts are different...
The FTX bankruptcy, which caused Sam Bankman-Fried to be sentenced to 25 years in prison, still continues to affect the markets after about 2 years. Critical dates regarding the payments expected to be made to victim investors in the stock market, which went bankrupt in 2022, are approaching.
Social media gossip created expectations
Especially the news of the accounts with large followers on X "FTX payments start. 16 billion dollars will enter the crypto market" created expectations for investors. This expectation also increased FTT, which is FTX's own token and rose to $50 for a period, by 115%. FTT price rose from $1.38 to $2.99.
Not 16, 12.7 billion dollars...
However, when a short study is done, it is seen that this news is not very true. For example, the amount of payment that FTX will make after the approval of the bankruptcy court is not 16 billion dollars, as stated in many tweets and news. According to the information in the court files, the total amount of payments will be 12.7 billion dollars.
However, the payment plan is still not approved. A hearing will be held on this issue on October 7 and the plan will be formalized after the land here. It had already been decided that the payments would be cash. Some investors even objected to this and filed a lawsuit against this decision.
Some of the debts were bought
On the other hand, a significant part of this money has actually already been paid... Because it is known that there are those who buy debts early and cheaply in such bankruptcy processes. In other words, the official creditors of a section of FTX have already transferred their rights to others cheaper, before the court decision has been issued... Those who buy the rights early and cheaply will have made a profit with the start of real payments.
It seems that about 5.5 billion dollars in debt has been sold in advance. In fact, it is stated that most of those who buy these debts are not crypto investors and do not intend to invest in this field with the money they have.
There is a payment at the end of 2024, but...
There are also certain levels in creditor payments. For example, it is expected that people who have a receivable of less than 50 thousand dollars will be paid as of the last quarter of this year, but it seems that the business will fall into 2025 for creditors over 50 thousand dollars. Both of these sides are expected to receive a total of 10 billion payments.
He states that the remaining payments worth 2.5-3 billion dollars will be spread over 2-3 years.$FTT
As a result, the transfer of 16 billion dollars of cash to creditors on October 1 is not accurate news. Therefore, this amount will not enter the crypto market at once.
As the time for repayment approached on the FTX exchange, which went bankrupt at the end of 2022, rumors and news on the subject began to increase. The claims that the payments have reached 16 billion dollars and will start as of today have seriously increased the FTT token. But the facts are different...
The FTX bankruptcy, which caused Sam Bankman-Fried to be sentenced to 25 years in prison, still continues to affect the markets after about 2 years. Critical dates regarding the payments expected to be made to victim investors in the stock market, which went bankrupt in 2022, are approaching.
Social media gossip created expectations
Especially the news of the accounts with large followers on X "FTX payments start. 16 billion dollars will enter the crypto market" created expectations for investors. This expectation also increased FTT, which is FTX's own token and rose to $50 for a period, by 115%. FTT price rose from $1.38 to $2.99.
Not 16, 12.7 billion dollars...
However, when a short study is done, it is seen that this news is not very true. For example, the amount of payment that FTX will make after the approval of the bankruptcy court is not 16 billion dollars, as stated in many tweets and news. According to the information in the court files, the total amount of payments will be 12.7 billion dollars.
However, the payment plan is still not approved. A hearing will be held on this issue on October 7 and the plan will be formalized after the land here. It had already been decided that the payments would be cash. Some investors even objected to this and filed a lawsuit against this decision.
Some of the debts were bought
On the other hand, a significant part of this money has actually already been paid... Because it is known that there are those who buy debts early and cheaply in such bankruptcy processes. In other words, the official creditors of a section of FTX have already transferred their rights to others cheaper, before the court decision has been issued... Those who buy the rights early and cheaply will have made a profit with the start of real payments.
It seems that about 5.5 billion dollars in debt has been sold in advance. In fact, it is stated that most of those who buy these debts are not crypto investors and do not intend to invest in this field with the money they have.
There is a payment at the end of 2024, but...
There are also certain levels in creditor payments. For example, it is expected that people who have a receivable of less than 50 thousand dollars will be paid as of the last quarter of this year, but it seems that the business will fall into 2025 for creditors over 50 thousand dollars. Both of these sides are expected to receive a total of 10 billion payments.
He states that the remaining payments worth 2.5-3 billion dollars will be spread over 2-3 years.$FTT
As a result, the transfer of 16 billion dollars of cash to creditors on October 1 is not accurate news. Therefore, this amount will not enter the crypto market at once.
Matrixport acquires Crypto Finance, steps into Europe
Matrixport, founded by Jihan Wu, one of the most well-known names in the crypto world, acquired Crypto Finance, a subsidiary of Deutsche Börse. Crypto Finance, which is regulated in both Switzerland and Germany, recently took over the crypto services of the German giant Commerzbank.
The Crypto Finance company, which was founded in Switzerland and regulated here with the acquisition of German Deutsche Börse, was acquired by Matrixport. Matrixport also made the official statement on the subject.
Name changed
The new name of Crypto Finance, which offers cryptocurrency services and solutions to companies in Europe, is Matrixport Asset Management. Crypto Finance's investment management executive also became the CEO of the company.
They had agreed with Commerzbank
Commerzbank, one of the oldest and largest banks in Germany, recently announced cooperation with Crypto Finance. Crypto Finance was responsible for Commerzbank's crypto activities. There are more than 600 million dollars of assets under the management of Commerzbank.
Jihan Wu, the owner of Matrixport, comes to the fore as one of the most powerful names in the cryptocurrency world. Wu, who is also a co-founder of Bitmain, the largest Bitcoin mining device manufacturer, left Bitmain in 2020 after a major crisis. Wu is also the owner of the Bitdeer mining company, which is listed on Nasdaq.
Matrixport, founded by Jihan Wu, one of the most well-known names in the crypto world, acquired Crypto Finance, a subsidiary of Deutsche Börse. Crypto Finance, which is regulated in both Switzerland and Germany, recently took over the crypto services of the German giant Commerzbank.
The Crypto Finance company, which was founded in Switzerland and regulated here with the acquisition of German Deutsche Börse, was acquired by Matrixport. Matrixport also made the official statement on the subject.
Name changed
The new name of Crypto Finance, which offers cryptocurrency services and solutions to companies in Europe, is Matrixport Asset Management. Crypto Finance's investment management executive also became the CEO of the company.
They had agreed with Commerzbank
Commerzbank, one of the oldest and largest banks in Germany, recently announced cooperation with Crypto Finance. Crypto Finance was responsible for Commerzbank's crypto activities. There are more than 600 million dollars of assets under the management of Commerzbank.
Jihan Wu, the owner of Matrixport, comes to the fore as one of the most powerful names in the cryptocurrency world. Wu, who is also a co-founder of Bitmain, the largest Bitcoin mining device manufacturer, left Bitmain in 2020 after a major crisis. Wu is also the owner of the Bitdeer mining company, which is listed on Nasdaq.
First statement from the founder of Binance who came out of prison: Will he return to crypto?
Binance's founder and former CEO Changpeng Zhao, who was released from prison on Friday, gave the message that he would return to crypto, stressing that he will continue to invest in blockchain and decentralized technologies. Stating that he will devote more time and resources to charity work and education, Zhao said, "See you at the conferences!" Said.
Changpeng Zhao, the CEO of Binance, the world's largest cryptocurrency exchange, made his first statement after serving a four-month prison sentence and being released.
In a statement on his personal X account, Zhao stated that he will continue to invest in areas such as blockchain and decentralized technologies, artificial intelligence and biotechnology. Zhao also stated that things are also going well without himself at the wheel at Binance.
The founding name of Binance was as follows:
I know some of you have a lot of questions in your mind. I don't have all the answers.
Let me get some rest. We'll think about our next steps later. There are always more opportunities in the future than in the past.
I would like to thank you all for your support. It was very important to me and kept me alive in my most pessimistic moments.
A few quick notifications/thoughts:
Giggle Academy is doing well and will be a big part of my life for the next few years.
I will continue to invest in blockchain/decentralized technologies, artificial intelligence and biotechnology. I am a long-term investor who cares about the impact, not the return.
Also, I will devote more time and resources to charity and education. I have some ideas in mind.
I'm still working on my book. I think about two-thirds are complete. Writing a book requires much more work than I expected, but I will take this project to the end.
By the way, Binance also seems to be doing well without getting directives on management from me, which is a great thing. Every founder's dream!
Binance's founder and former CEO Changpeng Zhao, who was released from prison on Friday, gave the message that he would return to crypto, stressing that he will continue to invest in blockchain and decentralized technologies. Stating that he will devote more time and resources to charity work and education, Zhao said, "See you at the conferences!" Said.
Changpeng Zhao, the CEO of Binance, the world's largest cryptocurrency exchange, made his first statement after serving a four-month prison sentence and being released.
In a statement on his personal X account, Zhao stated that he will continue to invest in areas such as blockchain and decentralized technologies, artificial intelligence and biotechnology. Zhao also stated that things are also going well without himself at the wheel at Binance.
The founding name of Binance was as follows:
I know some of you have a lot of questions in your mind. I don't have all the answers.
Let me get some rest. We'll think about our next steps later. There are always more opportunities in the future than in the past.
I would like to thank you all for your support. It was very important to me and kept me alive in my most pessimistic moments.
A few quick notifications/thoughts:
Giggle Academy is doing well and will be a big part of my life for the next few years.
I will continue to invest in blockchain/decentralized technologies, artificial intelligence and biotechnology. I am a long-term investor who cares about the impact, not the return.
Also, I will devote more time and resources to charity and education. I have some ideas in mind.
I'm still working on my book. I think about two-thirds are complete. Writing a book requires much more work than I expected, but I will take this project to the end.
By the way, Binance also seems to be doing well without getting directives on management from me, which is a great thing. Every founder's dream!
Grayscale adds 6 coins to its list of "high potential assets"
Grayscale, one of the largest investment companies in the crypto sector, has published a report that it shares its expectations for the fourth quarter of 2024. The report also included cryptocurrencies with the highest potential for October, November and December.
The company updated this list, which it published in the previous quarter, and added 6 new cryptocurrencies. The added cryptocurrencies were SUI, TAO, OP, HNT, CELO and UMA. RENDER, MNT, RUNE, PENDLE, ILV and RAY were removed from the list.
According to Grayscale, the high-potential cryptocurrencies of the fourth quarter are as follows:
Bitcoin (BTC)
Ethereum (ETH)
Solana (SOL)
Toncoin (TON)
Chainlink (LINK)
Near (NEAR)
Uniswap (UNI)
Sui (SUI)
Bittensor (TAO)
Stacks (STX)
Aave (AAVE)
Optimism (OP)
Arweave (AR)
Sky (SKY)
Helium (HNT)
Lido (LDO)
Akash Network (AKT)
Aerodrome (AERO)
Celo (CELO)
UMA Protocol (UMA)
Grayscale, one of the largest investment companies in the crypto sector, has published a report that it shares its expectations for the fourth quarter of 2024. The report also included cryptocurrencies with the highest potential for October, November and December.
The company updated this list, which it published in the previous quarter, and added 6 new cryptocurrencies. The added cryptocurrencies were SUI, TAO, OP, HNT, CELO and UMA. RENDER, MNT, RUNE, PENDLE, ILV and RAY were removed from the list.
According to Grayscale, the high-potential cryptocurrencies of the fourth quarter are as follows:
Bitcoin (BTC)
Ethereum (ETH)
Solana (SOL)
Toncoin (TON)
Chainlink (LINK)
Near (NEAR)
Uniswap (UNI)
Sui (SUI)
Bittensor (TAO)
Stacks (STX)
Aave (AAVE)
Optimism (OP)
Arweave (AR)
Sky (SKY)
Helium (HNT)
Lido (LDO)
Akash Network (AKT)
Aerodrome (AERO)
Celo (CELO)
UMA Protocol (UMA)
Arthur Hayes pointed to meme coins: he gave 3 altcoins
Famous investor Arthur Hayes stated that he expects a rise in meme coins again. Pointing to 3 meme coins in particular, Hayes said that the elections in Japan may also have a close effect on cryptocurrencies.
Arthur Hayes, who is one of the names that made a sound in the crypto world with his blog posts, said that he was waiting for an exit in meme coins again. Hayes, who gave 3 meme coins from his X account, which has more than 500 thousand followers, wrote that he thought that the Japanese choices would also affect cryptocurrencies.
Stating that he expects a rise for MOG, which is the new meme coin he bought at night, Hayes said the following in his morning tweet:
âThe rise period has come in meme coins. I stand behind my thoughts for MOTHER and MOG. I can't ignore PEPE either. I expect a rise in these.â
âCrypto wants Takaichiâ
Evaluating the election within the Liberal Democratic Party (LDP) in Japan, which he goes to and closely follows from time to time, Hayes said, âIf the crypto world had the right to choose, Sanae would choose Takaichi. Someone who wants a weak yen and money printing policy..." he said.
As it will be remembered, Prime Minister Fumio Kishida in Japan decided to resign in August with some scandals within the party.
Yen depreciated against the dollar
According to the information given by Reuters, Sanae Takaichi, whom Hayes said "It would be good", lost the war within the LDP. Instead, former defense minister Shigeru Ishiba won this party election and became prime minister.
After the election results, the yen lost value against the dollar.
Famous investor Arthur Hayes stated that he expects a rise in meme coins again. Pointing to 3 meme coins in particular, Hayes said that the elections in Japan may also have a close effect on cryptocurrencies.
Arthur Hayes, who is one of the names that made a sound in the crypto world with his blog posts, said that he was waiting for an exit in meme coins again. Hayes, who gave 3 meme coins from his X account, which has more than 500 thousand followers, wrote that he thought that the Japanese choices would also affect cryptocurrencies.
Stating that he expects a rise for MOG, which is the new meme coin he bought at night, Hayes said the following in his morning tweet:
âThe rise period has come in meme coins. I stand behind my thoughts for MOTHER and MOG. I can't ignore PEPE either. I expect a rise in these.â
âCrypto wants Takaichiâ
Evaluating the election within the Liberal Democratic Party (LDP) in Japan, which he goes to and closely follows from time to time, Hayes said, âIf the crypto world had the right to choose, Sanae would choose Takaichi. Someone who wants a weak yen and money printing policy..." he said.
As it will be remembered, Prime Minister Fumio Kishida in Japan decided to resign in August with some scandals within the party.
Yen depreciated against the dollar
According to the information given by Reuters, Sanae Takaichi, whom Hayes said "It would be good", lost the war within the LDP. Instead, former defense minister Shigeru Ishiba won this party election and became prime minister.
After the election results, the yen lost value against the dollar.
FOMO is back in the altcoin market," said 10x Research: A huge increase may be on the horizon
Market research firm 10x Research, which commented that "FOMO is back in the altcoin market", suggested that more could be on the horizon.
According to crypto-focused market research firm 10x Research, FOMO is back in the altcoin market and a major increase may be on the horizon.
In the assessment made by 10x Research CEO Markus Thielen, âAfter the Fed's interest rate cut, Bitcoin gained 5 percent, while Ether rose 11 percent and some altcoins experienced impressive increases. For example, ENA recorded increases of 54 percent, SEI 51 percent and SHIB 36 percent. As the printing of stable coins accelerates and the billions of dollars of investment news from Chinese companies trading OTC, more increases seem likely." statements were used.
"The new target after 65 thousand dollars is 70 thousand dollars"
Thielen stated that they expect a rapid move towards 70 thousand dollars after Bitcoin rose above 65 thousand dollars, claiming that the price will break a new record in the near term.
In the report, attention was drawn to the sharp increase in fixed coin printing, especially after the Fed's interest rate cut:
âIn the following weeks, about 10 billion dollars of stablecoins were printed and filled the cryptocurrency market with liquidity. This amount has also significantly outpaced investments in Bitcoin ETFs.â
Underlining that Circle, which is the company behind USDC and generally works for regulated institutions, accounts for 40 percent of the rarely seen fixed coin inflows, Thielen commented, "This indicates that major market players are increasing their investments."
âThere has been a significant change in Bitcoin dominationâ
The report also mentioned the falling dominance of Bitcoin. Emphasizing that there was a significant change after last week's FOMC meeting, Thielen said, âWhile Bitcoin's dominance is decreasing, Ethereum transaction fees have risen with the increase in altcoin transactions across the ecosystem.
Market research firm 10x Research, which commented that "FOMO is back in the altcoin market", suggested that more could be on the horizon.
According to crypto-focused market research firm 10x Research, FOMO is back in the altcoin market and a major increase may be on the horizon.
In the assessment made by 10x Research CEO Markus Thielen, âAfter the Fed's interest rate cut, Bitcoin gained 5 percent, while Ether rose 11 percent and some altcoins experienced impressive increases. For example, ENA recorded increases of 54 percent, SEI 51 percent and SHIB 36 percent. As the printing of stable coins accelerates and the billions of dollars of investment news from Chinese companies trading OTC, more increases seem likely." statements were used.
"The new target after 65 thousand dollars is 70 thousand dollars"
Thielen stated that they expect a rapid move towards 70 thousand dollars after Bitcoin rose above 65 thousand dollars, claiming that the price will break a new record in the near term.
In the report, attention was drawn to the sharp increase in fixed coin printing, especially after the Fed's interest rate cut:
âIn the following weeks, about 10 billion dollars of stablecoins were printed and filled the cryptocurrency market with liquidity. This amount has also significantly outpaced investments in Bitcoin ETFs.â
Underlining that Circle, which is the company behind USDC and generally works for regulated institutions, accounts for 40 percent of the rarely seen fixed coin inflows, Thielen commented, "This indicates that major market players are increasing their investments."
âThere has been a significant change in Bitcoin dominationâ
The report also mentioned the falling dominance of Bitcoin. Emphasizing that there was a significant change after last week's FOMC meeting, Thielen said, âWhile Bitcoin's dominance is decreasing, Ethereum transaction fees have risen with the increase in altcoin transactions across the ecosystem.
Core PCE announced in the US, Bitcoin rose: What does it mean?
The core personal consumption expenditure data (PCE) for August in the USA has been announced. PCE, which is one of the data that the Fed pays the most attention to regarding the course of inflation, has been low and below expectations at a level not seen since February 2021.
The core PCE, which is one of the data that the US Federal Reserve (Fed) pays attention to the most to determine the level of inflation, has been announced. In August, core personal consumption expenditures (PCE) increased by 2.2% year-on-year. The expectation was 2.3%. While the monthly increase level was 0.1%, the expectation here was 0.2%.
Can there be more discounts?
The core PCE, which excludes energy and food prices, is generally known for offering a more stable and realistic trend of inflation. Energy and food prices, which are very quickly affected by geopolitical developments, can also cause inflation to be excessively volatile both downwards and upwards. Therefore, the core PCE can offer a more ârealisticâ perspective.
The fact that the core PCE is lower than expected may mean that inflation pressures have fallen further in the USA. This situation may cause the Fed to move more comfortably in interest rate cuts in the coming months. Thus, more increases in risky assets such as Bitcoin can be seen.
There is an increase in Bitcoin
After the announcement of the core PCE data, the rise in Bitcoin continued. The largest cryptocurrency rose to $65,960 and stood at the $66 thousand threshold.
The core personal consumption expenditure data (PCE) for August in the USA has been announced. PCE, which is one of the data that the Fed pays the most attention to regarding the course of inflation, has been low and below expectations at a level not seen since February 2021.
The core PCE, which is one of the data that the US Federal Reserve (Fed) pays attention to the most to determine the level of inflation, has been announced. In August, core personal consumption expenditures (PCE) increased by 2.2% year-on-year. The expectation was 2.3%. While the monthly increase level was 0.1%, the expectation here was 0.2%.
Can there be more discounts?
The core PCE, which excludes energy and food prices, is generally known for offering a more stable and realistic trend of inflation. Energy and food prices, which are very quickly affected by geopolitical developments, can also cause inflation to be excessively volatile both downwards and upwards. Therefore, the core PCE can offer a more ârealisticâ perspective.
The fact that the core PCE is lower than expected may mean that inflation pressures have fallen further in the USA. This situation may cause the Fed to move more comfortably in interest rate cuts in the coming months. Thus, more increases in risky assets such as Bitcoin can be seen.
There is an increase in Bitcoin
After the announcement of the core PCE data, the rise in Bitcoin continued. The largest cryptocurrency rose to $65,960 and stood at the $66 thousand threshold.
Binance founder Changpeng Zhao released from prison
Changpeng Zhao, the founder and former CEO of Binance, the world's largest cryptocurrency exchange, has finally gained his freedom. It is stated that the famous crypto manager, who does not want to give an interview on the day of his release from prison, will leave the USA by private plane and go to Paris or Dubai.
Changpeng Zhao, one of the most important and well-known names in the crypto world, has now filled his prison time in the USA and has been released today. The official release day of the founder of Binance, also known as CZ, was actually Sunday. However, if the release of convicts in prison under certain conditions in the USA coincides with the weekend, they can be released from Friday.
Where will the first stop be?
According to the information given by Forbes from the US media, CZ did not want to give an interview on the first day of his release. The Forbes news also informed that the famous crypto billionaire will leave the USA on a private plane that will take off from Los Angeles, California. It is thought that Zhao will go to Paris or Dubai. It is stated that the founder of Binance, who has a house and residence permit in Dubai, can also go to Paris, where Yi He, the mother of his ex-wife and children, lives. Yi He is also one of the founders of Binance, along with Zhao... As it will be remembered, CZ's departure from the US during the trial process was blocked by the court due to a "suspicion of escape".
Statement from Binance: We are happy
A Binance spokesperson, with whom the Forbes company took his opinion on the subject, used the following statements:
âWe are also happy that CZ will get his freedom and get together with his family. Although he won't be able to work with us, we will watch with excitement what he does next.
Changpeng Zhao, the founder and former CEO of Binance, the world's largest cryptocurrency exchange, has finally gained his freedom. It is stated that the famous crypto manager, who does not want to give an interview on the day of his release from prison, will leave the USA by private plane and go to Paris or Dubai.
Changpeng Zhao, one of the most important and well-known names in the crypto world, has now filled his prison time in the USA and has been released today. The official release day of the founder of Binance, also known as CZ, was actually Sunday. However, if the release of convicts in prison under certain conditions in the USA coincides with the weekend, they can be released from Friday.
Where will the first stop be?
According to the information given by Forbes from the US media, CZ did not want to give an interview on the first day of his release. The Forbes news also informed that the famous crypto billionaire will leave the USA on a private plane that will take off from Los Angeles, California. It is thought that Zhao will go to Paris or Dubai. It is stated that the founder of Binance, who has a house and residence permit in Dubai, can also go to Paris, where Yi He, the mother of his ex-wife and children, lives. Yi He is also one of the founders of Binance, along with Zhao... As it will be remembered, CZ's departure from the US during the trial process was blocked by the court due to a "suspicion of escape".
Statement from Binance: We are happy
A Binance spokesperson, with whom the Forbes company took his opinion on the subject, used the following statements:
âWe are also happy that CZ will get his freedom and get together with his family. Although he won't be able to work with us, we will watch with excitement what he does next.
SEC's former lawyer spoken: XRP decision will be challenged
It was claimed that an objection would come from the SEC in the securities case, which partially resulted in Ripple's victory last year. A lawyer who left his position in the SEC stated that the institution would object to XRP's judge's decision that stock market sales were not an investment contract.
Although more than 1 year has passed since the decision of the case judge Analisa Torres, it was stated that the US Securities and Exchange Commission (SEC) would appeal the decision that XRP's stock market sales (sales to the small investor) were not an investment contract.
Fox correspondent Eleanor Terrett from US media gave the news. A lawyer who spoke to Terrett and stated that he had left his post in the SEC said:
âThe SEC thinks that it is right in this case and that the decision made is not right. Employees interested in the case also state that they should be appealed.
There is until October 7th
As it will be remembered, the case was concluded last month and Ripple was sentenced to pay a fine of 125 million dollars after a 4-year period. The SEC has the right to appeal the court until October 7.
Ripple supporter lawyer: They lost...
Attorney Jeremy Hougan, who is known for his support for Ripple and social media information during the trial process, said the following in response to reporter Terrett's tweet:
âOf course they will want to appeal, because they are the losers of the case... What the SEC needs to consider next is whether this objection will take back their authority to protect investors. All this is an indication that the SEC has lost control.â
$XRP
It was claimed that an objection would come from the SEC in the securities case, which partially resulted in Ripple's victory last year. A lawyer who left his position in the SEC stated that the institution would object to XRP's judge's decision that stock market sales were not an investment contract.
Although more than 1 year has passed since the decision of the case judge Analisa Torres, it was stated that the US Securities and Exchange Commission (SEC) would appeal the decision that XRP's stock market sales (sales to the small investor) were not an investment contract.
Fox correspondent Eleanor Terrett from US media gave the news. A lawyer who spoke to Terrett and stated that he had left his post in the SEC said:
âThe SEC thinks that it is right in this case and that the decision made is not right. Employees interested in the case also state that they should be appealed.
There is until October 7th
As it will be remembered, the case was concluded last month and Ripple was sentenced to pay a fine of 125 million dollars after a 4-year period. The SEC has the right to appeal the court until October 7.
Ripple supporter lawyer: They lost...
Attorney Jeremy Hougan, who is known for his support for Ripple and social media information during the trial process, said the following in response to reporter Terrett's tweet:
âOf course they will want to appeal, because they are the losers of the case... What the SEC needs to consider next is whether this objection will take back their authority to protect investors. All this is an indication that the SEC has lost control.â
$XRP
Binance participated in an insightful discussion with a Chief Inspector from the Hong Kong Police Force and the Head of Business Development from Uppsala Security at the INTERPOL event held in Philippines.
We are proud to contribute to this critical dialogue and collaborate with global leaders in law enforcement and cybersecurity.
A big thank you to #Interpol for organizing this impactful event and to all the panelists for their invaluable insights and contributions.
We are proud to contribute to this critical dialogue and collaborate with global leaders in law enforcement and cybersecurity.
A big thank you to #Interpol for organizing this impactful event and to all the panelists for their invaluable insights and contributions.
Kamala Harris gave a "blockchain" message this time
US presidential candidate Kamala Harris, who continued her trips as part of the election campaign, pronounced the word "block chain" for the first time in her speech last night. Stating that the USA should be the leader and the dominant power in this field, Harris also promised safe and transparent laws to investors and consumers.
US presidential candidate Kamala Harris, who has remained persistently silent about cryptocurrencies, especially until this week, used the word "blockchain" for the first time last night after the promise of "digital assets" she uttered in her speech on Sunday and promised to support this field.
Speaking at The Economic Club of Pittsburgh event, Harris touched on emerging technologies such as Sunday evening and used the following statements:
âWe will work to be dominant in technologies that will determine the next century, such as artificial intelligence, quantum technology and blockchainâ
âHe does it to avoid losing a vote.â
These words of Harris found a positive response from the crypto world. Analyst Adam Cochran claimed that Harris does not have much support for cryptocurrencies at the moment in order not to lose votes:
âI know it's not enough to say 'digital beings'. This silence was not good either, but there is improvement. Harris cares about technological developments. If he praises crypto today, how many of the cryptographers who voted for Trump will side with him? Zero. But in a party with Elizabeth Warren supporting groups, there is a small audience that will not sit at home and vote for supporting crypto. Despite this sensitivity, it still promises support, even if it is small.â
US presidential candidate Kamala Harris, who continued her trips as part of the election campaign, pronounced the word "block chain" for the first time in her speech last night. Stating that the USA should be the leader and the dominant power in this field, Harris also promised safe and transparent laws to investors and consumers.
US presidential candidate Kamala Harris, who has remained persistently silent about cryptocurrencies, especially until this week, used the word "blockchain" for the first time last night after the promise of "digital assets" she uttered in her speech on Sunday and promised to support this field.
Speaking at The Economic Club of Pittsburgh event, Harris touched on emerging technologies such as Sunday evening and used the following statements:
âWe will work to be dominant in technologies that will determine the next century, such as artificial intelligence, quantum technology and blockchainâ
âHe does it to avoid losing a vote.â
These words of Harris found a positive response from the crypto world. Analyst Adam Cochran claimed that Harris does not have much support for cryptocurrencies at the moment in order not to lose votes:
âI know it's not enough to say 'digital beings'. This silence was not good either, but there is improvement. Harris cares about technological developments. If he praises crypto today, how many of the cryptographers who voted for Trump will side with him? Zero. But in a party with Elizabeth Warren supporting groups, there is a small audience that will not sit at home and vote for supporting crypto. Despite this sensitivity, it still promises support, even if it is small.â
Spot Bitcoin ETFs in the US closed yesterday's trading day with a plus of 106 million dollars. The biggest reason why the outlook was positive was BlackRock, which received the highest entry in the last 1 month with 184 million dollars. There was 33 million dollars from Fidelity and 47 million dollars from ARK Invest.
Ether spot ETFs also closed the day at a plus of $43 million.
Ether spot ETFs also closed the day at a plus of $43 million.
$5.8 billion wait in Bitcoin: Critical on Friday
The $5.8 billion Bitcoin option expires on Friday. This amount will be one of the most important option closures of 2024. "The price of Bitcoin can be significantly affected," said Deribit CEO Luuk Strijers.
Author Burak Köse
The $5.8 billion options contract will expire on Friday in Deribit, the largest crypto derivatives exchange. It is estimated that this may significantly increase volatility in the cryptocurrency market.
Speaking to The Block, Deribit CEO Luuk Strijers said, âThe option contracts, which will expire at the end of September, are currently the second largest options in Deribit in terms of overall size. On Friday, the value of the expired options may be over 5.8 billion dollars and this situation can create a significant movement and volatility in the market.â said.
According to Strijers, a large amount of Bitcoin options that expire can increase price fluctuations and significantly affect the price of Bitcoin as investors close or extend their positions.
The outlook for both Bitcoin and Ether is positive
Strijers also emphasized that the decline in the buy-to-buy option ratio, which is currently 0.62, is an indicator of the increasing upward trend in the market. The CEO of Deribit stated that this situation, which applies to both Bitcoin and Ether, strengthens the positive outlook, with the fact that buy options for longer-term contracts are more expensive than sell options.
Option contracts give the buyer the right to buy or sell the underlying asset at a specific price on or before a specific date. There are two types of option contracts. The call option gives the right to buy an asset, and the put option gives the right to sell.
The $5.8 billion Bitcoin option expires on Friday. This amount will be one of the most important option closures of 2024. "The price of Bitcoin can be significantly affected," said Deribit CEO Luuk Strijers.
Author Burak Köse
The $5.8 billion options contract will expire on Friday in Deribit, the largest crypto derivatives exchange. It is estimated that this may significantly increase volatility in the cryptocurrency market.
Speaking to The Block, Deribit CEO Luuk Strijers said, âThe option contracts, which will expire at the end of September, are currently the second largest options in Deribit in terms of overall size. On Friday, the value of the expired options may be over 5.8 billion dollars and this situation can create a significant movement and volatility in the market.â said.
According to Strijers, a large amount of Bitcoin options that expire can increase price fluctuations and significantly affect the price of Bitcoin as investors close or extend their positions.
The outlook for both Bitcoin and Ether is positive
Strijers also emphasized that the decline in the buy-to-buy option ratio, which is currently 0.62, is an indicator of the increasing upward trend in the market. The CEO of Deribit stated that this situation, which applies to both Bitcoin and Ether, strengthens the positive outlook, with the fact that buy options for longer-term contracts are more expensive than sell options.
Option contracts give the buyer the right to buy or sell the underlying asset at a specific price on or before a specific date. There are two types of option contracts. The call option gives the right to buy an asset, and the put option gives the right to sell.
Binance removes Turkish language support
Binance, the world's largest cryptocurrency exchange, is removing the Turkish language option on the Binance.com website and application on September 27 in order to comply with the laws in Turkey.
Binance announced that it will remove the Turkish language option as of September 27, 2024, to comply with the laws in Turkey. In the official statement made by the exchange, "As part of our goal of compliance and our commitment to provide uninterrupted service to our users, within the scope of the law adopted by the Turkish Grand National Assembly on 02.07.2024, the Turkish language option on the Binance.com website and application will be removed as of 27.09.2024 in line with the new requirements imposed on all non-Turkey-based crypto asset service providers."
In the continuation of the statement, the following statements were used:
âWe understand that this change may affect some of our users, but we would like to emphasize that this step is a necessity in order to fully comply with the legal requirements in Turkey. In this process, we would like to reassure our users that Binance.com will continue to be accessible in Turkey.â
According to the statement, the Binance.com website and application will continue to be fully accessible from Turkey in all other supported languages, including English. In addition, it was stated that there will be no difference in the website and application except for the language change. It was noted that all users will have uninterrupted access to the products and services of the exchange as usual, the Turkish customer service will continue to serve uninterruptedly, and all user funds are under the assurance of Binance.
Binance, the world's largest cryptocurrency exchange, is removing the Turkish language option on the Binance.com website and application on September 27 in order to comply with the laws in Turkey.
Binance announced that it will remove the Turkish language option as of September 27, 2024, to comply with the laws in Turkey. In the official statement made by the exchange, "As part of our goal of compliance and our commitment to provide uninterrupted service to our users, within the scope of the law adopted by the Turkish Grand National Assembly on 02.07.2024, the Turkish language option on the Binance.com website and application will be removed as of 27.09.2024 in line with the new requirements imposed on all non-Turkey-based crypto asset service providers."
In the continuation of the statement, the following statements were used:
âWe understand that this change may affect some of our users, but we would like to emphasize that this step is a necessity in order to fully comply with the legal requirements in Turkey. In this process, we would like to reassure our users that Binance.com will continue to be accessible in Turkey.â
According to the statement, the Binance.com website and application will continue to be fully accessible from Turkey in all other supported languages, including English. In addition, it was stated that there will be no difference in the website and application except for the language change. It was noted that all users will have uninterrupted access to the products and services of the exchange as usual, the Turkish customer service will continue to serve uninterruptedly, and all user funds are under the assurance of Binance.
Glassnode founders expect a rise in crypto: âWe are on the verge of altcoin bull seasonâ
The founders of the on-chain analysis firm Glassnode stated that the bull season in altcoins is very close. Analysts stated that they expect sharp increases in altcoins, especially after Bitcoin exceeded the 73 thousand dollar level.
Author Hakan AteĆler
Although Bitcoin broke a record in March with 73 thousand dollars in cryptocurrencies, altcoins have not been able to keep up with it so far. Glassnode founders Jan Happel and Yann Allemann, who analyzed the account called "Negentropic" on X, are of the opinion that the bull season in altcoins is near.
âWhen Bitcoin broke its new record...â
Stating that bull seasons in crypto usually take place with a familiar scenario, analysts used the following statements:
âFirst, Bitcoin goes up. This is a classic. Then the money starts to enter the Ether. Then coins with large market value, then medium-scale ones and small-scale ones... We have witnessed that Bitcoin has risen 3 times since May, but there is no sign of the altcoin season in these. Now, in the altcoin bullish indicator, we see bullish signals even though Bitcoin has not yet shown any strength. Obviously, the next rise will come in both Bitcoin and altcoins. Still, first we will expect Bitcoin to break the ATH record. We think that when BTC enters unexplored territory, the altcoin bull will also come.â
Bitcoin, which started 2024 well, saw a very sharp increase of up to 73 thousand dollars in March, while it was at the level of 40 thousand dollars in the first days of the year. Later, the biggest cryptocurrency, which fell with the arrival of the halving in April, saw the level of 50 thousand dollars from time to time and rose to 70 thousand dollars once again in June.
Bitcoin, which once again saw the level of 49 thousand dollars with the surprise interest rate hike of the Japanese central bank in August, is traded around 64 thousand dollars in the minutes of the news.
The founders of the on-chain analysis firm Glassnode stated that the bull season in altcoins is very close. Analysts stated that they expect sharp increases in altcoins, especially after Bitcoin exceeded the 73 thousand dollar level.
Author Hakan AteĆler
Although Bitcoin broke a record in March with 73 thousand dollars in cryptocurrencies, altcoins have not been able to keep up with it so far. Glassnode founders Jan Happel and Yann Allemann, who analyzed the account called "Negentropic" on X, are of the opinion that the bull season in altcoins is near.
âWhen Bitcoin broke its new record...â
Stating that bull seasons in crypto usually take place with a familiar scenario, analysts used the following statements:
âFirst, Bitcoin goes up. This is a classic. Then the money starts to enter the Ether. Then coins with large market value, then medium-scale ones and small-scale ones... We have witnessed that Bitcoin has risen 3 times since May, but there is no sign of the altcoin season in these. Now, in the altcoin bullish indicator, we see bullish signals even though Bitcoin has not yet shown any strength. Obviously, the next rise will come in both Bitcoin and altcoins. Still, first we will expect Bitcoin to break the ATH record. We think that when BTC enters unexplored territory, the altcoin bull will also come.â
Bitcoin, which started 2024 well, saw a very sharp increase of up to 73 thousand dollars in March, while it was at the level of 40 thousand dollars in the first days of the year. Later, the biggest cryptocurrency, which fell with the arrival of the halving in April, saw the level of 50 thousand dollars from time to time and rose to 70 thousand dollars once again in June.
Bitcoin, which once again saw the level of 49 thousand dollars with the surprise interest rate hike of the Japanese central bank in August, is traded around 64 thousand dollars in the minutes of the news.
#BTC CVD Delta. đ
On the spot side, Coinbase has been selling since the top 2 days ago. In yesterday's rise, Binance bought from the spot but went on sale in recent hours.
A large part of the price rise comes from the term. In such cases, if there is no spot support in the continuation, there will be a withdrawal in the price.
If we look at Binance spot data, we see that whales do not buy.
On the spot side, Coinbase has been selling since the top 2 days ago. In yesterday's rise, Binance bought from the spot but went on sale in recent hours.
A large part of the price rise comes from the term. In such cases, if there is no spot support in the continuation, there will be a withdrawal in the price.
If we look at Binance spot data, we see that whales do not buy.
