✅ JPMorgan: #tether May Have to Sell #bitcoin to Comply with US Regulations
✅ JPMorgan says only 66%–83% of Tether’s reserves meet requirements under new US stablecoin bills. If the bill passes, Tether may have to sell Bitcoin, precious metals, commercial paper, and secured loans to switch to US Treasuries and more liquid assets.
✅ Tether’s current holdings: 83,758 BTC (~$8 billion)
✅ Two related bills:
🔘 STABLE Act (House): 66% of reserves meet requirements.
🔘 GENIUS Act (Senate): 83% of reserves meet requirements
✅ Pressure from the US & Europe: Tether has been restricted in the EU due to the MiCA law requiring 60% reserves in EU banks.
🔖 US stablecoin bill expected to be passed by the end of 2025

👇👇👇 Buy #BTC $ETH $XRP here

Binance's THE/USDT Chart Analysis: A Deep Dive into Recent Price Action
$THE
The provided image offers an insightful snapshot of the THE/USDT (Theta Network/Tether) trading pair on the Binance exchange. It highlights recent price action, offering a valuable perspective for traders and investors looking to understand current market dynamics and potential future trends. Let’s break down the key components:

1. Current Price and Performance:

Price: As of now, THE is trading at $0.7498, showcasing an impressive +53.99% increase. This strong upward movement is indicative of a robust bullish trend in the market.

24h High/Low: Over the past 24 hours, the high reached $0.7997 and the low dipped to $0.4642. This substantial price range highlights the volatility inherent in the asset, appealing to both short-term traders and long-term investors.

24h Volume: The trading volume over the last 24 hours stands at 102.10M THE and 64.94M USDT. A high volume often validates price movements, reflecting strong market participation and interest in the asset.

2. Technical Indicators and Analysis:

Moving Averages (MA): The chart displays the 5-day MA (575,027.3399) and 10-day MA (699,888.9599). The current price being well above these averages is a strong signal that the trend is bullish, suggesting continued upward momentum.

Exponential Moving Average (EMA): Although the exact value is not clearly visible, the EMA often provides a more sensitive reading of the price, reflecting more recent movements. It’s typically viewed as an important indicator for short-term traders.

Bollinger Bands (BOLL): The Bollinger Bands, while not detailed in the snapshot, likely reflect the volatility of the asset. With the price approaching or exceeding the upper band, there’s potential for the market to be overbought.

Parabolic SAR (SAR): The SAR value of 0.4914 indicates a possible trend reversal. This can suggest an uptrend or shift, although confirmation from other indicators is necessary to solidify this view.

Relative Strength Index (RSI): The RSI sits at 72.34, which is nearing overbought territory (typically above 70). This suggests that the current price action is strong, but the asset may be overvalued in the short term, posing the risk of a pullback.

Volume (VOL): The volume bars at the bottom of the chart show the trading volume over time, helping traders understand whether the price movement is supported by substantial buying or selling activity.

3. Chart Patterns and Observations:

Price Volatility: The chart illustrates the significant volatility that is characteristic of cryptocurrencies. Price fluctuations in such assets can be extreme, presenting both risks and opportunities.

Recent Surge: A sharp price increase marks the recent trend, which could be driven by positive market sentiment, speculative trading, or news events. This bullish move is a key observation for short-term and long-term market participants.

Support and Resistance Levels: Although not explicitly labeled on the chart, traders often look at previous price action to establish potential support and resistance zones. These levels help anticipate price reversals and potential breakouts.

4. Time Frames and Perspectives:

The chart offers a range of time frames, from 5-minute to 1-week intervals. This flexibility caters to both short-term traders and long-term investors, offering a comprehensive view of the asset’s price movements over different periods.

5. Additional Observations:

The Binance watermark on the chart confirms the data source, ensuring the chart originates from the well-known exchange.

The THE logo and THE/USDT ticker provide clear identification of the trading pair being analyzed.

Other data points, such as the AVL (likely Average Value Line), may be specific to the platform and aid in decision-making for users familiar with Binance’s charting interface.

Overall Interpretation and Potential Outlook:

The chart indicates that THE/USDT is currently experiencing strong bullish momentum, supported by rising prices and high trading volume. While this suggests a positive outlook, caution is advised due to the RSI nearing overbought levels, signaling that a price pullback or consolidation could be imminent.

Potential Scenarios:

Continued Uptrend: If bullish sentiment continues, the price could push past the 24h high of $0.7997 and potentially reach new highs.

Consolidation and Pullback: The high RSI and significant recent gains suggest a period of price stabilization or a mild pullback could be in the cards, especially in the short term.

Reversal: Although less likely at the moment due to the strong current momentum, any significant negative catalyst could trigger a sudden reversal in the market direction.

Disclaimer:

This analysis is based solely on the provided chart snapshot and is not intended as financial advice. Cryptocurrency trading is inherently risky, and potential investors should conduct thorough research, assess their risk tolerance, and seek advice from financial professionals before making any trading decisions.

This detailed examination of the THE/USDT trading pair on Binance highlights key insights into price movements, technical indicators, and potential future trends, offering traders and investors a comprehensive perspective to guide their strategies.
#Binance #THEusdt #ThetaNetwork #Tether #CryptoTrading #TechnicalAnalysis #CryptoTrends

More than 300 victims forced to work in cryptocurrency scam centers in Myanmar have been rescued after the Thai government decided to cut off electricity, internet, and fuel supplies along the Myanmar-Thailand border. This is a strong move by Thailand to combat the increasing problem of scams in the region.
Large-Scale Rescue Operation
According to a report from Dimsum Daily, about 100 people have been rescued from scam centers in the city of Tachilek and moved to Mae Sai district in Thailand. Meanwhile, Nation Thailand reported that an additional 261 victims were also rescued from scam centers at KK Park and Shwe Kokko. These victims will be taken to Phop Phra district in Tak province for temporary shelter.

According to a new report from TRM Labs, more than half of illegal crypto transactions in 2024 occur on the Tron network, with a total value of up to $26 billion. This makes Tron the primary platform for illegal activities, surpassing Ethereum and Bitcoin.
Why Does Tron Attract Bad Actors?
Tron is a blockchain with low transaction fees, supporting many major stablecoins like USDT, along with the ability to deploy smart contracts, making it the top choice for fraudsters and hackers.

Someone once said: “Trash money is still money,” but for James Howells, trash is worth more than diamonds!
For more than 10 years, this IT guy from Wales has pursued his dream of mining gold from the landfill, after accidentally throwing away a hard drive containing 8,000 Bitcoin in 2013 – a “throw” worth 768 million USD! 🫠
🏛️ The judge says NO, the city council shakes their heads
James has been continuously battling legally with the Newport city council, requesting to excavate the landfill to find his digital treasure. He even claims to have a fancy AI that can help locate the hard drive without costing a dime from the public budget. 🤖💰