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🆙 The time 🇸🇻 President Bukele came to 🇺🇸 America and exposed the Fed 👀
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Fed comment from Binance CEO Teng: It will have a big impact on crypto Richard Teng, who is the name at the helm of Binance, the world's largest stock exchange, commented on the eagerly awaited Fed meeting. Teng stated that he thinks interest rate cuts will bring significant increases in cryptocurrencies. Binance CEO Richard Teng painted an optimistic picture of the future of the crypto and digital asset markets, with possible interest cuts from the US Federal Reserve (Fed). Teng emphasized that the drop in interest rates could lead to significant increases in cryptocurrencies. Low interest rates increase liquidity The CEO of Binance, who made evaluations on the subject, stated that low interest rates always provide liquidity in the world and said “We predict that the expected interest rate cuts will have a major impact on digital asset and crypto prices. Low interest rates provide liquidity to the financial system, which increases the demand for high-yield, risky assets such as crypto. For example, between February 2020 and February 2022, Bitcoin increased by 375% during the period when interest rates were close to zero. “Worries can lead to crypto” Teng stated that he thinks the declines in interest rates will be reflected not only in price increases, but also in investor behavior: “Lower interest rates could fuel inflation concerns, which could lead some investors to cryptocurrencies to maintain their purchasing power. In addition, with the weakening of the dollar, more investors can consider digital assets as an alternative store of value” “Not just interest rate cuts...” The CEO of Binance stated that the expectation of the rise in cryptocurrencies is not only related to interest rate cuts, halving and Bitcoin spot ETFs may also support the increases in this period: “Bitcoin's recent halving event has historically led to price increases after 6 to 18 months. In addition, the launch of spot ETFs could provide smoother transitions from stocks to crypto and allow increased liquidity with interest cuts to turn to the crypto markets.”
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760 million dollar Bitcoin out in Asia's small country Known for its high mountains and abundant water sources, it was determined that Bhutan, which provides most of the energy in the country from hydroelectric power plants, has a Bitcoin worth 760 million dollars. The country, which has 13 thousand Bitcoins, obtained all of its BTCs from mining activities. It was determined that Jihan Wu, one of the founders of the Chinese Bitcoin mining device manufacturer Bitmain, had 13 thousand Bitcoins in Bhutan, where he had many known attempts. The research was done by the on-chain tracking and analysis firm Arkham. He doesn't take it, he takes it out! As it is known, Bhutan knows how to benefit from hydroelectric energy at significant levels due to its water resources and high mountains. While all of the country's energy is provided by hydroelectricity, Bitcoin mining has also started in recent years. According to the information given by Arkham, Bhutan did not obtain any of the 13 thousand Bitcoins detected by purchases or acquisitions from illegal organizations. The value of these Bitcoins, which comes entirely from mining activities, is around 760 million dollars. The country, which has stepped on the gas in mining operations as of 2023, has also established facilities in many regions. In the Google maps image below, you can see a large facility established in the Education City area, the project of which has been suspended. As it is known, Bitdeer, the mining company owned by Jihan Wu, also has partnerships with the state of Bhutan.
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Release day is approaching in CZ: Will he return? It has been confirmed that the release of Binance former CEO Changpeng Zhao, who was sentenced to prison in California, USA, will take place on September 29. According to the official website of the US Prisons Bureau, CZ will now definitely complete its sentence on September 29 and will be released. The day of Changpeng Zhao, one of the founders of the Binance exchange and serving as CEO for years, will be released from prison has been officially announced. According to the information on the website of the US Prisons Office, CZ will be released on September 29. It was talked about earlier that Zhao would be released on this date, but this situation was confirmed with the official information on the website. CZ, who had been sentenced to California for about 4 months, also changed in August. The former CEO of Binance had been transferred to a place known as RRMs, which includes prisoners who were coming to an end. No return signal Before going to prison, Zhao stated that he would continue his way as a "passive crypto investor and hodler" and gave the news that he would devote himself to educational activities. Therefore, the famous CEO is not expected to return to the crypto sector. Richard Teng, who replaced CZ as CEO at Binance, also closed the door to CZ to take part in the company with some statements he made. CZ, which is still a major shareholder on Binance, will be protected by these rights but will not be allowed to have an impact on the stock market.
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Let me leave the current metrics for Bitcoin as follows: Binance is not currently sending a support from the spot or the term price. There is only some buying on Coinbase, it also has no instant effect on the price, you already know. Funding is about to turn negative; there is a little effect on our side, nothing else. If there is a change in the following hours, I will update it. $BTC
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Donald Trump: Biden/Harris and the SEC were very hostile to crypto. My attitude is different. Trump: Barron, Trump's youngest son, knows this crypto business very well. He has four wallets. And I said, "What's the wallet?" I say. Trump: Since the crypto anti-Sec.C heard that I was involved in this business, it treats people in this area much better. If we don't win the election, there will be a lot of pressure on cryptocurs. They will almost experience hell.
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