$FTM IT WAS JUST A TRAILER. THE MOVIE WILL NOW BEGIN 📈 Th | The Crypto Anatomy on Binance Square

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Bullish

$FTM IT WAS JUST A TRAILER. THE MOVIE WILL NOW BEGIN 
📈
That monthly chart looks super bullish. 
Time for some fireworks 🎇💥🚀
#FTM 

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Here it comes: FED ANNOUNCE Half-Point (0.5%) INTEREST RATE CUT 📊 The Federal Reserve lowers rates by 50 basis points, sending stocks higher. 🔹U.S. stocks climbed after the Federal Reserve voted to cut interest rates by 0.5 percentage point, opting for a more aggressive reduction than investors had been expecting just a week ago. 🔹Though traders had anticipated a rate cut, they had been left guessing about the size of the move. A week ago, traders were fairly confident that the Fed would cut by the traditional 0.25 percentage point. That consensus vanished in recent days, with many expecting a larger cut, but there was still a large amount of uncertainty heading into the Fed’s decision. 🔹All but one of the 12 Fed voters supported the cut, which brings the central bank’s benchmark rate to a range between 4.75% and 5%. Most officials anticipate cuts that would lower rates by at least a quarter point each at meetings in November and December, according to quarterly projections. 🔹Wednesday’s rate cut is “a welcome development” and should put the stock market on good footing going forward, said Yung-Yu Ma, chief investment officer at BMO Wealth Management. Unlike previous years when the Fed has cut rates, “the primary problem in the economy is actually short-term interest rates being too high, so by the Fed cutting rates, it’s actually directly solving the problem,” he added. 📈 U.S. stocks rose The S&P 500, the Dow and the Nasdaq Composite were all higher. On Tuesday, stock indexes finished nearly flat, with the S&P 500 and Dow at near-record highs. 🪙 Treasury yields retraced earlier gains. The yield on the 10-year Treasury note was recently 3.666%, according to Tradeweb, vs. 3.694% just before the Fed announcement and 3.641% Tuesday, its second-lowest closing level of the year. This is not investment advice. Please do your own research before taking any trade. #FedRateDecisions #FOMC

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$FTM Here's An Example Of How A Positive News & Technicals Work Well In Tandem 📊 The formation of the Inverted H&S has panned out really well for Fantom. The resistance of $0.54 was broken with utmost ease with some great news coming in. 📢 Through its broadcast channels, the Fantom Foundation announced an upgrade of the main network, which will now be called "SONIC". The PoS-based, decentralized finance-focused Layer 1 blockchain is gearing up for a massive upgrade in the final quarter of 2024. This has skyrocketed FTM price to almost 14% nearly touching the next resistance level of $.60 (although a weaker one). Following up a major hurdle lies at $0.75 which could be the next cool off zone before the next giant leap. This has certainly made FTM the Layer 1 alt to watch out for this season again. After a stellar performance in the last cycle, FTM definitely made some waves this year but was overshadowed by new narratives and their respective tokens. To be in the game you need to evolve to become stronger. In the world of crypto many projects have come and gone, some of them were once in the top 10. But the one with utility and the adaptability to change are the only ones to sustain. *This is not investment advice. Please do your own research before taking any trade. #FTM

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$FTT New Development in FTX Case: Official Statement from the SEC 📰 📢 The U.S. Securities and Exchange Commission (SEC) announced today that Prager Metis has agreed to pay $1.95 million to settle two enforcement actions related to its audits of defunct cryptocurrency platform FTX. The settlement addresses allegations of mismanagement, including violations of auditor independence requirements and negligence in FTX's audits. According to the SEC, Prager Metis issued two audit reports for FTX between February 2021 and April 2022, claiming to be in compliance with Generally Accepted Auditing Standards (GAAS). The SEC alleges that the firm failed to properly assess its competence and resources to conduct the audits and failed to recognize the risks associated with FTX’s close relationship with Alameda Research LLC, a hedge fund controlled by FTX’s CEO. According to the SEC, this lack of oversight and failure to comply with GAAS in various aspects of the audit resulted in Prager’s negligent role in the collapse of FTX. The SEC charged Prager with negligent fraud, and although the firm did not admit or deny the findings, it agreed to a $745,000 civil penalty, permanent injunctions and to hire an independent consultant to review its auditing procedures. Prager also faces restrictions on taking on new auditing clients while it awaits court approval of the settlement. “Because Prager’s FTX audits were conducted without due diligence, FTX investors were left without important protections when making investment decisions. Ultimately, they were defrauded out of billions of dollars when FTX collapsed,” said Gurbir S. Grewal, Director of the SEC’s Division of Enforcement. In addition to this settlement, the SEC announced that Prager Metis also pleaded guilty to separate charges related to violations of auditor independence rules between 2017 and 2020. As part of this separate settlement, the firm will pay a total of $1.205 million in penalties and disgorgement, pending court approval, and will face a reprimand. #FTXTrial

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$1MBABYDOGE PERCEPTION TURNED INTO REALITY 🚀🚀 💢 Traders posting their perceptions with that imaginary GOD candle with titles " Which memecoin or ALTCOIN will do this"? Le BabyDoge: Welcome to my world 🗿 #BABYDOGE

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$1MBABYDOGE THE WAIT IS OVER 💥🚀 🔔 A massive congratulations to 1MBabyDoge on their listing on Binance. ✨ 🎉 Amazing work from the team and the entire community. 👏🏼 Expectations are high. 📈 The spike in price is seen on BabyDoge as well. #1MBABYDOGE #BABYDOGE

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