đ Big news from Ras Al-Khaimah (RAK), UAE! They've just launched a groundbreaking framework for decentralized autonomous organizations (DAOs) in their digital assets free zone! đ
The DAO Association Regime (DARe) introduces a structured legal framework tailored for DAOs, enabling them to interact with the off-chain world, open bank accounts, and own assets. This is a huge step towards making RAK a global blockchain hub!
With tax optimization and legal clarity, DARe offers two models: one for emerging projects and another for mature DAOs with big treasuries.
What do you think about this move? Let's discuss! đŹ #Blockchain #DAOs #CryptoNews
**Binance Launches Simple Earn Program for LUMIA Tokens Amid Market Uncertainty**
Binance has announced the launch of a new Simple Earn program for LUMIA token holders, set to begin on October 24, 2024. The program offers staking rewards with annual percentage rates (APRs) ranging from 6.9% to 19.9%, depending on the staking duration, which spans from 30 to 90 days.
Despite the attractive APRs, the market outlook remains pessimistic. The ongoing regulatory scrutiny and market volatility cast a shadow over the potential benefits of such staking programs. While LUMIA aims to enhance its governance and real-world asset tokenization capabilities, the broader market conditions may limit user engagement and overall growth.
Binance's initiative underscores the exchange's commitment to supporting innovative DeFi projects. However, the uncertain regulatory environment and fluctuating market dynamics pose significant challenges for sustained adoption and success.
$BTC
{spot}(BTCUSDT)
/USDT Technical Analysis đđŻBitcoin is currently trading at $66,942, with strong support and resistance levels shaping the next price movement. Here's what to watch:Target 1 đŻ: $68,800Resistance: BTC has struggled to break above this level recently, indicating strong selling pressure. A clear breakout could lead to a bullish run, aiming for higher highs.Target 2 đŻ: $66,000Support: This level has provided stability, but any drop below could signal increased bearish momentum. Traders may look for short-term opportunities here.Target 3 đŻ: $64,400Key Floor: A critical level to watch, a breach below $64,400 might signal a larger correction, opening up new entry points for long-term investors.Strategy Insight: With Bitcoinâs current consolidation, prepare for potential volatility around these targets. Stay cautious, and keep your eyes on the charts for the next breakout or breakdown.For real-time analysis, dive deeper into Binance's charting tools!
đ„ $LINK /USDT ON THE EDGE OF BREAKOUTâCRITICAL LEVELS TO WATCH! đ„
LINK is seeing a strong surge today, currently at $12.13, a +3.32% increase, hinting at more action to come. The 15-minute chart shows solid momentum building up with the price respecting key levels. Hereâs a breakdown of what to look for in the short and long term:
đĄ Support & Resistance:
âą Major Resistance: $12.35 USDT â A decisive breakout above this level could send LINK rallying towards $12.50 USDT and beyond.
âą Key Support: $11.90 USDT â This zone has been tested and held multiple times. A drop below could lead to a fall toward $11.70 USDT.
đ Short-Term Strategy:
âą Long Entry: Above $12.20 USDT, targeting a run to $12.35-$12.50 USDT. Set a Stop Loss at $12.00 USDT to minimize risk.
âą Short Entry: If the price rejects resistance and breaks below $12.00 USDT, short toward $11.80 USDT, with a Stop Loss at $12.20 USDT.
đ Long-Term Setup:
âą Hold positions if $12.35 USDT breaks with volume, aiming for a sustained upward push toward $12.60 USDT or higher.
{spot}(LINKUSDT)
#SECApprovesBitcoinETFOptions #UptoberBTC70K? #ScrollOnBinance #BTCSoarsTo68K
**News Flash: WazirX & Liminal's Custody Drama Continues!**
- WazirX, the hacked Indian crypto exchange, is in hot water again! đ„”
- Liminal, their digital custody partner, calls out WazirX for a "disinformation campaign."
- Despite blaming Liminal for a $235M breach, WazirX still parks $50M of user assets with them.
- Liminal can't move WazirX funds; only WazirX can. Talk about trust issues!
- WazirX disclosed 240K wallet addresses in Singapore for debt restructuring.
- CoinSwitch's Ashish Singhal claims WazirX moved $72M to Bybit & KuCoin post-breach.
- Stay tuned for more crypto drama!
đ Big news in the #Bitcoin world! Stacks Foundation just leveled up their security game by welcoming Asymmetric Research to the team! đ
Asymmetric, known for securing giants like Solana and Cosmos, will now help safeguard the upcoming sBTC asset. Imagine Bitcoin DeFi with top-notch securityâyes, it's happening! đ
sBTC is set to launch Q4, bringing decentralized, programmable Bitcoin to developers. Get ready to unlock the Bitcoin economy!
What are your thoughts on this power move? Drop your comments below! đ #DeFi #Web3 #Crypto
đ Crypto enthusiasts, get ready! Top analysts are eyeing Polkadot (DOT), Intel Markets (INTL), and Sui (SUI) for massive returns in 2024.
- **Polkadot**: Currently recovering, trading between $4-$5. Analysts predict a potential surge to $7 soon. đ
- **Intel Markets**: Revolutionizing DeFi with AI-driven trading bots. Already up 300%, with expectations of 10x growth.
- **Sui**: Despite recent dips, still 480% above its all-time low. Mysten Labs launched the Walrus Protocol testnet, boosting bullish sentiment.
What are your thoughts? Share in the comments! đŹ
đȘ Stablecoins Set to Reach $1 Trillion AUM by 2026! đȘ
Bitwise CIO Matt Hougan predicts that stablecoins' assets under management (AUM) will exceed $1 trillion by 2026, driven by institutional interest. The adoption of stablecoins like Tetherâs USDT, which has a $120 billion supply, reflects their growing importance in financial services. With major players like Stripe entering the stablecoin sector, the technology is poised for explosive growth, particularly in cross-border payments.
What do you think will drive the future of stablecoins the most?
Source: Cryptopolitan
đš $LTO /USDT â Critical Moment Approaching! Major Levels to Watch đš
The LTO/USDT 15-minute chart is showcasing some highly actionable price levels that traders need to pay attention to. After a brief spike, LTO/USDT is currently trading around $0.1252. The chart indicates growing volatility and key opportunities for both short and long trades.
đĄ Support Zone:
The price has previously bounced from the $0.1220 level, establishing a strong support area. If this level holds, it could provide a prime long-entry opportunity, targeting the next resistance level.
đ§ Resistance Zone:
The chart shows significant resistance at $0.1317. A breakout above this level could signal a surge towards $0.1345, which could be a viable long target.
đ Long Trade Strategy:
âą Entry: Around $0.1255 after confirmation of support holding.
âą Target: $0.1317 for short term, $0.1345 for mid-term.
âą Stop Loss: Below $0.1220 to manage risk.
đ Short Trade Setup:
âą Entry: Below $0.1220 on a clear breakdown.
âą Target: $0.1196 in the short term.
âą Stop Loss: Above $0.1260.
This chart is setting up for a potential breakout or a plunge, so be ready to take action based on which level gets tested first.
{spot}(LTOUSDT)
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