The BUIDL token is set to hit exchanges as a new tool for futures trading — Bloomberg 💣
👉 Binance, OKX, Deribit in the crosshairs!
BlackRock is preparing something revolutionary: their BUIDL token is already in talks with the world’s biggest exchanges. Designed for institutional sharks, but its returns for holders could mean a major blow to traditional USDT and USDC!
💥 Do Kwon to be extradited! Montenegro is ready to reveal the country that will take him 🚨
Montenegro's Ministry of Justice has confirmed the decision to extradite Terraform Labs co-founder Do Kwon. The suspense is building — the public will learn the details by the end of the week, once all procedures are completed. Which country will get him: South Korea, the U.S., or Singapore? 🧐
Stay tuned — the conclusion of this drama is near!
😐 QCP: BTC continues to hold above the $65,000 level as betting markets indicate rising chances of a Trump victory.
Crypto assets show a positive correlation with a Trump win, as his crypto policy is much friendlier and more favorable compared to Kamala Harris's stance. Additionally, the ECB is expected to cut rates by 25 basis points tomorrow. 📉
Amid the upcoming US elections, Matrixport is seeing a surge in interest in ETH. Some analysts believe traders are stockpiling ahead of potential market movements. Additionally, total open interest in BTC futures across major exchanges has hit an all-time high, according to QryptoQuant.
🚙 Kamala Harris is ahead of Biden but trails Trump on cryptocurrency policy, according to Galaxy Research.
Harris takes a softer stance than Biden on crypto regulation but is more skeptical than Trump on issues like taxes, bitcoin mining, and self-custody, according to Galaxy Research. 📊
Interesting news from Germany: Samara AG is allocating 30 million euros to purchase Bitcoin. What do you think about this decision? How will it affect the market?
Stock and Cryptocurrency Crash: Who's to Blame and What's Next?
💹 Why Did the Market Crash?
The recent drop in cryptocurrency and stock prices is due to a combination of macroeconomic factors and crypto-specific issues, with the former having the most significant impact.
📉 Why Did Bitcoin Fall?
Last week brought significant volatility to Wall Street. Major indices and futures dropped sharply by the end of the week due to growing recession fears. These concerns intensified after the release of the US employment report on Friday, raising worries about the strength of economic growth.
🌍 Geopolitical tensions are also contributing to market instability.
In the crypto market, the sell-off driven by recession fears led to a shift of capital away from high-risk assets, including cryptocurrencies. This movement was further fueled by recent developments in the US presidential race, which many view as less favorable for cryptocurrencies.
🌞 Summer is traditionally a slow period for cryptocurrencies, which may have also played a role.
🔮 Looking ahead, the Federal Reserve might lower interest rates, improving the outlook for the US economy. As the presidential elections approach, market volatility will continue to rise as candidates refine their positions on cryptocurrencies.
🇺🇸 The likelihood of an emergency Fed rate cut this week is 60%! A financial upheaval is on the horizon, potentially shaking global markets. Brace yourselves for unexpected changes! 🌍📉🚨