ETH 🚀

Currently, Ethereum (ETH) is positioned for potential short squeezes in its liquidation pools, with significant short-selling activity seen recently. These pools could be triggered if ETH’s price rises notably. For example, a key liquidation target is around the $3,700 level, where high accumulated short positions would start to get liquidated, potentially pushing the price even higher as traders rush to cover their positions. Another significant level for liquidation is approximately $4,100, which would further escalate buying pressure if reached.

Recently, after short liquidation events following modest price gains, traders have become cautious, especially with Grayscale’s decision to pull its Ethereum futures ETF, which has impacted market sentiment and led to even more shorts being opened. If Ethereum experiences an upswing, as some market analysts predict, these short positions may face forced liquidation, resulting in a price surge known as a “short squeeze”   .

Keep in mind that market volatility is high, so potential squeezes depend heavily on ETH’s short-term price movements and broader market sentiment.

$ 3100 🚀 ETH🚀🚀🚀🚀🚀

POSITIVE

depends on several interconnected factors, including upcoming upgrades, adoption trends, and macroeconomic conditions.

1. Technological Advancements: The Ethereum network is expected to implement “proto-danksharding” or EIP-4844 in 2024, which aims to improve scalability and reduce transaction fees. This upgrade should make Ethereum more appealing to developers and users, increasing its value as more applications are built on the network. This scalability improvement is crucial for Ethereum’s long-term value growth as it could drive up the usage of decentralized applications (dApps) and decentralized finance (DeFi) protocols  .
2. Layer 2 Adoption: Layer 2 (L2) solutions, which operate on top of the Ethereum mainnet, are also expanding. Platforms like Polygon and Optimism are developing specialized subchains to cater to specific sectors like gaming, finance, and data. This specialization is expected to attract more companies and users, increasing Ethereum’s transaction volume and enhancing its position as a leading blockchain ecosystem .
3. Regulatory Environment and Institutional Interest: The potential approval of spot ETFs for Ethereum and other cryptocurrencies could be a significant boost, making it easier for institutions to invest. Increased institutional investment would likely lead to stronger demand for Ethereum, potentially supporting higher prices. However, this will depend on regulatory clarity in the U.S. and other regions .
4. Market Conditions: Cryptocurrency prices are highly sensitive to economic conditions and market sentiment. If broader financial markets stabilize and global interest in blockchain technology continues to grow, Ethereum could benefit from a bullish environment that might help push its price closer to $3,100.

In sum, while Ethereum’s path to $3,100 is promising, it will depend heavily on technological upgrades, L2 adoption, institutional support, and favorable regulatory decisions in 2024.

What you should know about TRB

In the short term, Tellor (TRB) coin has shown strong price volatility, primarily driven by speculative trading. Recently, on-chain data has indicated a significant increase in holdings by short-term traders, while longer-term holders are selling off their positions. This suggests that the current rally is being fueled more by market speculation rather than by sustained interest in the project’s fundamentals. While TRB has gained notable attention and price momentum, some analysts warn that without steady network growth and long-term investment, sustaining these price levels might be challenging.

On the technical side, short-term indicators are mixed. Trading signals have shown both sell pressures and neutral trends, suggesting market uncertainty. Many traders are watching the $20 support level closely, as a drop below this could trigger further declines, while sustained buying around this level might support a potential rebound.

Overall, TRB’s short-term prospects seem largely tied to trader sentiment and speculative activity, making it susceptible to quick shifts in price direction based on market conditions and investor behavior

WHAT IF TRUMP WINS?
WHAT IF KAMALA WINS?

The 2024 U.S. presidential election could have a substantial impact on the crypto market, with different implications depending on whether Kamala Harris or Donald Trump wins.

If Donald Trump wins, his pro-crypto stance and preference for deregulation may boost the market. Trump has openly supported crypto, pledging to make the U.S. a “crypto capital” and encouraging initiatives like Bitcoin mining, potentially making the environment friendlier for institutional investors and retail adoption. This could result in positive sentiment and a more flexible regulatory climate, possibly leading to higher crypto valuations, particularly for Bitcoin and other proof-of-work assets  .

On the other hand, a Kamala Harris victory may lead to continued regulatory caution, aligning with the current administration’s cautious approach. Although Harris’s camp has consulted with industry leaders, there remains uncertainty about her policies, which could mean more regulations, especially on areas like DeFi and stablecoins. This could introduce short-term volatility, potentially limiting altcoin growth while possibly favoring Bitcoin as a “safe haven” asset in the long run  .

Regardless of the outcome, macroeconomic factors such as expected U.S. interest rate cuts and global liquidity trends may shape the market more significantly, suggesting that while election results can influence crypto sentiment and regulations, broader financial forces will remain crucial .

TAO SPECULATIONS - you should consider

The performance of Bittensor’s TAO token in November 2024 is generally expected to be stable with moderate growth potential. The token has been on an UPWARD trend, driven by interest in its decentralized AI platform, which enables collaborative machine learning and rewards participants with TAO tokens for their contributions.

Currently, market analysts anticipate that TAO will experience price fluctuations within a high support range of $550 to $600, with potential to reach up to $630 in the near term.

If the token breaks through resistance levels, it could maintain a new base around $610.18 by the end of the year. However, some longer-term projections suggest that TAO could reach higher prices closer to $950 by early 2025, depending on broader crypto market conditions and AI sector growth, but also note potential volatility as the market adjusts   .

As always, the crypto market is highly kspeculative and sensitive to external factors, including AI advancements and regulatory changes.

As of early 2024, Vitalik Buterin holds around 243,000 ETH in his main wallet, valued at approximately $850 million. This represents about 0.2% of all Ethereum in circulation. Compared to the previous year, his ETH holdings have decreased slightly, likely due to recent sales. In early 2023, Buterin held around $400 million in crypto assets, so his holdings have significantly increased in value with ETH’s price recovery through 2023 and early 2024.

The Ethereum Foundation, meanwhile, reportedly holds around 0.3% of the total ETH supply, primarily for project funding and development. Together, Buterin and the Foundation hold close to 0.5% of ETH, though exact figures fluctuate with the market and operational expenses.

These values are lower than in previous bull markets, such as 2021, where Buterin’s holdings reached $1.5 billion due to ETH’s peak value at the time. The Foundation has also occasionally sold ETH over the past year to support operations and development, reflecting a continued decline from earlier peak holdings.

Sources:

• Arkham Intelligence, CoinCodex, and Nansen.ai

BRICS NEW CURRENCY’S EFFECT ON CRYPTO

The primary motivation behind the BRICS currency is to reduce reliance on the U.S. dollar, fostering an independent financial network. This could contribute to de-dollarization, diminishing the dollar’s dominance, which would likely influence global financial dynamics and digital assets.

For cryptocurrencies, the emergence of a BRICS currency could both positively and negatively impact the sector. On the positive side, a new currency outside the traditional U.S.-dominated system could validate alternative currencies and open opportunities for digital assets, particularly if BRICS nations explore blockchain or decentralized technology in their financial networks. This shift could lead to increased interest in crypto assets, potentially boosting their market value, as crypto can serve as a hedge against currency shifts  .

However, the establishment of a BRICS currency might also bring increased regulatory oversight in the cryptocurrency sector. Some BRICS countries already have stringent regulations around crypto (notably China), and a unified approach might intensify this stance, impacting market dynamics and limiting certain aspects of decentralized finance. This scenario could create hurdles for cryptocurrencies within BRICS countries as governments strive to manage monetary policies and control financial stability under a unified currency .

Ultimately, a BRICS currency could shift the geopolitical financial landscape, directly influencing both fiat and crypto markets as the bloc’s regulatory and economic strategies unfold.

WHAT IS RLUSD?

YES, RIPPLE is LAUNCHING

Yes, Ripple is launching a new stablecoin called RLUSD, designed to maintain a 1:1 value with the US dollar. RLUSD is being launched on the XRP Ledger and Ethereum blockchain to support cross-border payments, decentralized finance (DeFi), and tokenization of real-world assets. The coin is backed by USD reserves, government bonds, and cash equivalents, with assurances of monthly audits to ensure transparency.

Ripple has partnered with platforms like Uphold, Bitstamp, and MoonPay for RLUSD’s availability and aims to offer stability and regulatory compliance in its operations. This new stablecoin, currently in beta with about $60 million already in circulation, is expected to appeal especially to enterprises seeking a secure digital asset for various financial applications   .

Verified NEWS TETHER USDT USA GOVERNMENT

The most recent report about the U.S. government’s investigation into Tether was published on October 25, 2024, by Cryptonews

. Earlier reports about related investigations, particularly concerning Tether’s transactions through sanctioned Russian exchanges, were covered in March 2024 by The Block .

Yes, the U.S. government is currently investigating Tether, the company behind the stablecoin USDT, for potential sanctions violations and anti-money-laundering issues. This scrutiny comes from allegations that USDT may have facilitated transactions for entities involved in illegal activities, such as money laundering, terrorism financing, and sanctions evasion. One of the primary concerns involves $20 billion worth of USDT transactions reportedly flowing through Garantex, a Russian exchange sanctioned by the U.S. and U.K. due to its alleged ties to criminal networks  .

These investigations are part of broader efforts by the Department of Justice (DOJ) and other federal agencies to ensure stablecoins like USDT are not used to bypass financial regulations. Tether has responded by stating it cooperates with law enforcement and actively freezes wallets linked to criminal activity. However, scrutiny on stablecoins is intensifying as regulators assess potential risks to national security and financial stability.

buy FTT LONG

FTX is expected to relaunch sometime in the second quarter of 2024, under the plan referred to as “FTX 2.0.” This relaunch is part of the exchange’s broader effort to manage its financial obligations and revive operations following its collapse in 2022. Preparations for the relaunch include asset liquidations and strategic moves across different cryptocurrency exchanges  .

However, exact dates are not confirmed, and the process may be subject to regulatory and market conditions as it unfolds.
#ftt
#FTT🔥🔥
#FTT/USDT

Yes, institutional investors are accumulating FTT tokens. According to on-chain analytics, the top 10 largest wallets have accumulated around $12.8 million worth of FTT over the past 19 days. This accumulation has coincided with the token’s price surge, reflecting a strong interest from large-scale investors, which could be a sign of confidence in the future potential of FTX 2.0  .

This accumulation contributed to a 255% increase in FTT’s market value compared to Bitcoin over the same period, suggesting that these investors are positioning themselves ahead of the possible relaunch of FTX . However, despite this institutional interest, the risk remains high due to the uncertainties around FTX’s recovery and broader market conditions.

#ftt
#FTT/USDT #InstitutionalInvestment

Buy FTT LONG

While FTT has seen a recent surge (28-30%) in price, largely fueled by speculation around Binance’s legal settlement and the potential relaunch of FTX (often called “FTX 2.0”), these developments are still unfolding. There are mixed signals from the market:

1. Positive Factors: The relaunch of FTX could boost the value of FTT, especially if institutional investors continue accumulating tokens. The current surge has been driven by large “whale” wallets buying up FTT .

2. Risks: FTT remains tied to a failed exchange, and its price could be volatile. The overall uncertainty in the cryptocurrency market, coupled with legal and regulatory scrutiny on Binance, adds further risk. Additionally, Binance’s own native token (BNB) has seen significant outflows recently, suggesting potential instability .

In short, while there is potential for gains if FTX successfully relaunches, the risks are high, and any investment should be approached with caution. Most experts would advise only investing if you’re prepared for volatility and potential losses.

#ftt
#FTT🔥🔥

The likelihood of a global recession in the near term has decreased, according to recent analyses. Economists are generally more optimistic about economic stability, with the consensus probability of a recession in the next 12 months falling below 50% for the first time since mid-2022. Factors contributing to this improved outlook include resilient consumer spending, a strong labor market, and effective monetary policies by central banks like the Federal Reserve

Risk of global recession falls substantially | Grant Thornton

Recession Outlook: How Wall Street's Forecast Has Changed Since 2022 - Business Insider

However, there are still notable risks and uncertainties. These include potential disruptions from geopolitical tensions, extreme weather events, and financial instability in certain regions. For example, the World Bank highlights concerns about slower growth in major economies like China and Europe, which could impact global economic dynamics

Overall, while the immediate risk of a global recession has diminished, continued vigilance and policy responsiveness will be key to maintaining economic stability.

Disclaimer:

Few more dip…

BTC - 60200 *
ETH - 2850 *

Russia has been progressing towards using cryptocurrencies for international trade, primarily as a response to the stringent sanctions imposed by Western countries.

The Russian Ministry of Finance and the Central Bank have reached an agreement to legalize the use of cryptocurrencies for cross-border payments. This move aims to facilitate international transactions and bypass the traditional financial systems, which have been disrupted due to the sanctions related to the conflict in Ukraine

Russia Plans to Mine Bitcoin/Crypto for Cross-Border Deals, Says Central Bank

Russia considers allowing cryptocurrency for international payments as sanctions over Ukraine bite

Bank of Russia agrees to legalize crypto for cross-border payments: Report

The Bank of Russia, which has historically been opposed to the idea, has now conceded that under the current geopolitical circumstances, the use of cryptocurrencies for cross-border payments is necessary. However, it is important to note that this legalization is strictly for international trade purposes and does not extend to domestic transactions within Russia
Bank of Russia agrees to legalize crypto for cross-border payments: Report

The regulatory framework will still need to be developed, ensuring compliance with anti-money laundering and know-your-customer requirements

Bank of Russia agrees to legalize crypto for cross-border payments: Report

According to multiple sources, an Ethereum whale has been moving significant amounts of ETH to Kraken. This whale reportedly made a $173 million profit after depositing 10,000 ETH worth $34.2 million on Kraken just before a price drop.

This whale had previously withdrawn 96,639 ETH from Coinbase at $1,580 per ETH in September 2022. Since March, the whale has transferred nearly 40,000 ETH to Kraken and still holds 56,639 ETH, currently valued at approximately $188 million

Early Ethereum Whale Address Sends Nearly $90,000,000 to Kraken After Being Dormant for Five Years: On-Chain Data -

Ethereum ICO Whale Moves $116 Million Worth of ETH to Kraken

Ethereum Whale Makes $78 Million Profit After Investing $11 Million
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#ethetf
#crypto

The news about Jason Anderson, co-founder of the cryptocurrency company Debt Box, being kidnapped and coerced into handing over control of the company along with $400 million is not confirmed by reliable sources. There are no credible reports or evidence supporting this story.

Debt Box and its executives, including Jason Anderson, are involved in an ongoing legal battle with the SEC over allegations of fraudulent activities related to selling unregistered securities. These allegations have led to significant legal proceedings, but there is no verified information about any kidnapping incident related to this case

**Did The SEC Lie About DEBT Box's Alleged $50 Million Crypto Scam? -

For accurate and updated information, it's best to refer to established news outlets and official statements.

#exposefakenews
#ETH_ETFs_Trading_Today #eth

Market Manipulation: The Hidden Game Behind Falling ETH Prices

There are growing concerns that some major institutions might be playing a strategic game to artificially lower the price of Ethereum (ETH). The theory suggests they aim to buy massive quantities at reduced rates.

Key Points:

-**Market Manipulation**: Institutions could be deliberately driving down ETH prices to purchase at a low cost.

- **ETF Impact**: With the recent launch of the Ethereum ETF, the likelihood of seeing such low prices again is minimal.

- **Power Play**: By manipulating the market, these entities not only amass ETH at cheaper rates but also enhance their control and influence over the crypto market.

Be aware of the potential behind-the-scenes strategies. Always stay informed and make investment decisions based on thorough research.

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Stay vigilant and informed to protect your investments.
#eth
#etf
#ethetf
#bitcoin

Trading Starts Tuesday. The Securities and Exchange Commission late Monday gave official approval for ethereum spot exchange-traded funds, giving investors exposure to the world's second-largest cryptocurrency via traditional markets. The ethereum ETFs will begin trading on Tuesday.1