Justin Sun's withdrawal of 12,000 Bitcoin from USDD's reserves has raised concerns about the stablecoin's stability Âč. USDD is now almost entirely backed by TRX, increasing its vulnerability to market fluctuations Âč. The crypto community is monitoring USDD's ability to maintain its peg after the significant change in its collateral structure Âč.
Key points include Âč ÂČ Âł:
- Justin Sun withdrew 12,000 Bitcoin ($735 million) from USDD's reserves
- USDD is now 99% backed by TRX, increasing its vulnerability to market fluctuations
- The stablecoin's collateral structure has shifted significantly, raising concerns about its stability
- The crypto community is monitoring USDD's ability to maintain its peg
- Tron DAO Reserve's role in the shift has also been noted, with the withdrawn Bitcoin relocated to HTX
Recommendations for the future of USDD include Âč ÂČ Âł:
- Diversify collateral to reduce reliance on TRX
- Increase transparency in governance and decision-making
- Implement measures to mitigate potential debug scenarios
- Monitor market volatility and adjust collateral structure accordingly
The Tron ecosystem will be closely watched to see how they manage these changes and how USDD will hold up to increasing pressure Âč.
#PowellAtJacksonHole #BinanceLaunchpoolDOGS #MtGoxRepayments #BinanceBlockchainWeek #LowestCPI2021
Why Bitcoin's Price Is Surging: 5 Key Factors
Bitcoinâs price has soared, reaching a peak of $64,955, after Federal Reserve Chair Jerome Powell hinted at potential rate cuts.
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This announcement has sparked a broader rally in the crypto market, pushing the total market cap up by 4% to $2.27 trillion. Here are the top 5 reasons behind Bitcoinâs recent surge:
Sentiment Rebound: Investors have responded positively to hints of rate cuts from the FOMC Minutes and Powellâs speech at Jackson Hole, leading to cautious buying and renewed optimism in the market.
Technical Strength: Bitcoinâs chart is showing solid technical strength, with key indicators signaling buy opportunities. Notably, the potential formation of a 'Golden Cross' pattern has traders eyeing further gains.
Options Targeting $100K: Options traders are increasingly bullish, with many setting their sights on Bitcoin reaching $100,000 by the end of the year. Data from Deribit reveals strong interest in call options, indicating confidence in higher prices.
Positive Shift in U.S. Elections: The political landscape in the U.S. is also playing a role, as pro-Bitcoin sentiments gain traction. Robert F. Kennedy Jr.'s endorsement of Donald Trump has bolstered support for Bitcoin, adding to its upward momentum.
Spot Bitcoin ETF Inflows: There has been a continuous flow of investments into Spot Bitcoin ETFs, with $252 million in net inflows just last Friday. This reflects strong investor confidence and is providing significant support for Bitcoinâs price.
These factors have collectively fueled Bitcoinâs recent price surge, with the potential for even more growth on the horizon.
#BinanceLaunchpoolDOGS #PowellAtJacksonHole #BinanceBlockchainWeek #LowestCPI2021 #SahmRule
Crypto Market Faces Rising Threats from Hacks
In recent months, cryptocurrency prices have surged, but this growth has also attracted a new wave of hackers who are increasingly targeting centralized exchanges instead of decentralized finance networks.
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As a result, the value of funds stolen in crypto heists has seen a significant rise, nearly doubling from 30% last year to 40% this year. The concentration of assets in centralized exchanges and the growing threat of hacks could have lasting implications, as insurance companies may push for stricter security measures, and regulators may introduce explicit minimum standards for the crypto industry.
Circle Financial, the company behind the USDC stablecoin, has proposed a capital framework for stablecoins, deposit tokens, and tokenized cash to help protect against financial shocks, prevent sudden withdrawals, and increase customer confidence. However, some argue that stablecoins are less prone to runs, as their balance sheets are typically safe and unleveraged. Critics point out that trading creates a secondary market price, which could make issuers more vulnerable to sudden withdrawals.
The Great Global Market Crash of August 2024 has also taken a toll on cryptocurrency prices, with Bitcoin down 11.4% and Ethereum down 20% during the same period. While the S&P 500 has seen a retracement, Nvidia has experienced an 18% increase. However, crypto stands out as a sector particularly hard hit, with significant declines in both Bitcoin and Ethereum.
As the market grapples with uncertainty ahead of the upcoming election, it remains to be seen how crypto will react. With prices currently subdued, the market is likely to face ongoing challenges in maintaining its position in the broader financial landscape.
#MtGoxRepayments #BinanceLaunchpoolDOGS #PowellAtJacksonHole #CryptoMarketMoves #BinanceBlockchainWeek
Hey everyone, do you remember the fall of TERRA LUNA?
I took a huge loss back then, but I did receive some compensation when it was distributed.
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Terra (LUNA) has certainly faced its share of challenges, especially with the collapse of its original ecosystem in 2022, which caused a massive drop đ in value and shattered investor confidence. However, the launch of Terra 2.0 has given the project a new lease on life, aiming to rebuild and stabilize. The new version of LUNA, now functioning as a governance token, has shown resilience and continues to attract interest from both investors and traders.
Looking forward, Terraâs potential for future price gains depends on a few key factors. The successful execution of strategic partnerships, technological advancements, and a clear, compelling vision for the future will be critical in restoring trust and driving demand.
Rebuilding trust among investors and the broader market is essential for Terraâs long-term success. If Terra can navigate these challenges and regain its footing, there could be significant potential for price recovery. However, itâs important to approach this with caution, given the volatile nature of the crypto market.
While predicting exact future prices is tough due to the marketâs unpredictability, if Terra can restore confidence and show consistent growth, it could see substantial gains. Staying updated on market trends and Terraâs progress will be crucial for making informed investment decisions.
Are you thinking about investing in Terra, or are you exploring other cryptocurrencies too? Let me know in the comments!
#MtGoxRepayments #BinanceLaunchpoolDOGS #PowellAtJacksonHole #CryptoMarketMoves #LowestCPI2021
Bitcoin is Pumping â Whatâs Our Upside Target ?
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đ1-11)Â Bitcoin has surged by 4% since yesterday, aligning with our tactical bullish outlook. The cryptocurrency made a decisive move upward, breaking out of the symmetrical triangle pattern, which suggests that there could be further upside potential. The Bitcoin funding rate has shifted back into a premium, supported by a $1 billion increase in open interest. Given these dynamics, a straightforward strategy would be to go long on BTC while shorting ETH, as BTC's dominance continues to rise and its share of open interest consistently diverges in its favor.
đ2-11)Â The Fed minutes were as dovish as anticipated, with a strong focus on the employment aspect of its dual mandate. The inflation target seems within reach based on the current economic data projections. A "vast majority" of FOMC members supported a rate cut in September, with several members even considering a July cut as a plausible option. This makes a rate cut in September almost a certainty.
đ3-11)Â Powell's upcoming Friday speech is expected to reinforce this dovish outlook, likely boosting risk assets like stocks and Bitcoin as monetary policy provides a favorable backdrop. The Fed's focus is shifting towards employment in its decision-making, with inflation data becoming less central, especially as CPI trends towards 2.5% over the coming months. Multiple rate cuts will likely be necessary to sustain the current economic expansion.
đ4-11)Â The revised employment data could confirm that risk assets are currently overvalued, as the comparison between the ISM Mfg Index and the S&P 500 suggested. While the employment data has begun to hint at a more dovish outlook, signs of a weakening economy will likely emerge first in the labor market. This deterioration would then ripple to consumer spending, eventually impacting corporate margins and profitability.
đ5-11)Â Bitcoin could rally higher (see our other posts)
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đ Creditors Celebrate FTX's Resurgence: 95% Approval Ignites Hope!
đŁ In a stunning turn of events, FTX, the once-fallen crypto giant, is making a triumphant comeback. With a resounding cheer, creditors have given their overwhelming support to FTX's reorganization plan, boasting an astonishing 95% approval rate!
âĄïž This vote of confidence not only signals a potential victory for FTX but also suggests that the plan is poised to soar past the legal thresholds set by U.S. bankruptcy law.
đŒ Led by the astute CEO John Ray III, FTX's innovative restructuring strategy has struck a chord with both governmental and private stakeholders. It's a testament to the plan's prowess in navigating the treacherous waters of complex disputes.
đ° But what does this mean for creditors? Well, if all goes according to plan, they can expect a full compensation package that covers 100% of their claims, plus interest. It's a breath of fresh air for those who've been waiting in financial limbo.
đŽ However, not everyone is dancing to the same tune. A few FTX customers have raised concerns about how their precious cryptocurrency holdings are being valued within the plan. Sunil Kavuri, a vocal advocate for these customers, is making sure their voices are heard.
#CryptoMarketMoves #MtGoxRepayments #Write2Earn! #BTCâ #BinanceLaunchpoolDOGS $BTC
{spot}(BTCUSDT)
$ETH
{spot}(ETHUSDT)
$BNB
{spot}(BNBUSDT)
Three years ago, I took a bold step and invested $5,000 in cryptocurrency. I was aware of the risks, but the potential rewards drew me in
. Today, that investment has grown to over $700,000. The journey wasnât smooth, but the lessons Iâve learned are invaluable, and Iâd love to share them with you.
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Hereâs what three years in the cryptocurrency world have taught me:
Mistakes Are Learning Opportunities
In the early days, I made plenty of errorsâoften chasing hype and losing money. But each setback was a learning experience that helped me refine my strategy and avoid bigger mistakes down the road.
Diversification Is Crucial
Initially, I bet everything on a single coin, convinced it was a guaranteed win. After a harsh lesson, I realized the importance of diversifying my investments to spread risk and increase the chances of success.
Patience Pays Off
At first, I was constantly chasing quick gains, which only led to stress and losses. I soon learned to focus on long-term growth, investing in projects with solid fundamentals. This patience allowed my portfolio to grow steadily over time.
Keep Learning
The crypto market is always changing, so I made it a priority to stay informed. I read extensively, took courses, and engaged with experienced traders. Continuous learning has been key to adapting to market shifts and spotting new opportunities.
Stick to Your Strategy
One of the most valuable lessons Iâve learned is the importance of having a clear plan. By developing a strategy and sticking to it, I avoided emotional decisions and unnecessary risks, which played a big part in my success.
These insights have shaped my journey, and I hope they can help you navigate the world of cryptocurrency as well.
#BinanceLaunchpoolDOGS #PowellAtJacksonHole #CryptoMarketMoves #BinanceBlockchainWeek #LowestCPI2021
Germany's economy is doomed đ©đȘ
For the first time in decades, the countryâs trade balance has slipped into a -âŹ1.0 billion deficit. This marks a reversal for the export powerhouse.
đ With disrupted supply chains, energy costs soaring, population aging, and global demand falling, Germany's economic engine falters.
If this downward trend continues, the consequences for Germany and the entire European economy could be dire.
The golden era of an export-driven economy fueled by cheap Russian gas may be coming to an end đ
let's rewind to my second cycle, when the last round of rate cuts began.
Back then, everyone was buzzing about how altcoins were poised to outperform Bitcoin, promising astronomical returns.
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Now, as we approach the potential rate cuts in mid-September, I want to remind you that todayâs environment is even more uncertain than it was in 2019, just before the pandemic hit.
Weâre facing geopolitical tensions, shaky labor markets, liquidity challenges among major banks, and political instability in the U.S.
These factors could lead to more severe market downturns than what we saw in 2019. If you look at the first image, youâll notice how the market reacted after the initial rate cutâit was a steady decline, culminating in a major drop when COVID struck.
As for altcoins, take a glance at the second image of Bitcoin dominance. You'll see it peaked right as the rate cuts were introduced.
Remember, the altcoin rally thatâs being hyped will likely only materialize once the Fed shifts back to quantitative easing. Stay cautious out there.
#BinanceHODLerBANANA #Babylon_Mainnet_Launch #BlackRockETHOptions #LowestCPI2021 #BinanceBlockchainWeek
Bitcoin ETFs Register Record Weekly Inflows, Signal Bullish Shift.
Bitcoin exchange-traded funds (ETFs) have recorded substantial inflows, signalling a potential bullish shift in the cryptocurrency market. According to recent data, the ETFs saw a rise in investments, with a continuous inflow streak throughout the past week. This trend, totalling $506 million with no outflow day, underscores growing investor confidence in the crypto.
Bitcoin ETFs Register Record Weekly Inflows.
Bitcoin ETFs have seen a remarkable increase in net inflows over the past week. Data from Spot On Chain reveals that these ETFs experienced daily inflows of $506 million. The week began with inflows of $62.1 million on Monday, driven by major players like BlackRock and Fidelity. Additional inflows were recorded throughout the week, with BlackRock leading the market with significant contributions.
On August 24, the spot ETFs saw a
single-day inflow totalling $252
million. Eight different ETFs supported
this surge, all of which reported positive flows with the major 5 ETFs
recording over $20M inflows.
In addition, Hong Kong's spot ETFs experienced their highest inflow in over a month, with the ChinaAMC Bitcoin ETF receiving 274 BTC worth approximately $15 million on August 22. This surge underscores growing interest among Asian institutional investors.
Investor Confidence Grows Amid ETF Inflows.
The continuous inflows into Bitcoin ETFs indicate increasing investor confidence in the cryptocurrency. iShares ETF, a key player in this market, reported a substantial inflow of nearly $76.8 million. This increase in holdings has pushed iShares' total reserves to approximately 352,843 BTC, equivalent to $21.65 billion.
đ€ Funds Buy #Bitcoin After Powell's Speech
Yesterday, Jerome Powell spoke at the conference in Jackson Hole, who said in plain text that: "It's time to change the Fed's policy" and stated that he was ready to lower rates in September. Against this background, BTC recorded a growth of 5% and the price almost broke through $ 65 thousand. Funds also helped BTC's growth, sending $ 252 million to ETFs on Friday.
đ Analysts at 21Shares noted that in March 2020, when the Fed cut rates by 1.50% to near zero, the total crypto market cap grew by 450% by the end of the year, and the price of BTC rose by 200% over the same time period.
đȘ Solana TVL holds a total of 34.9 million SOL. That 's $5.2 billion, the highest since October 2022 and up 13.7% from the previous month.
đ” According to CryptoQuant, the stablecoin market has reached a new all-time high of $165 billion in a week. This often correlates with the rise of #BTC , as it means an influx of capital.
{spot}(BTCUSDT)
Your friend's experience of panic selling during a market crash, only to see prices rebound the next day, is a story many in the crypto world can relate to. Hereâs how you can avoid making the same mistake:
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Embrace the Ups and Downs
Cryptocurrency markets are famous for their price swings. Instead of letting every sudden drop cause you stress, understand that volatility is just part of the game.
Keep Your Cool During Downtrends
Market downturns happen, and theyâre often a normal part of the marketâs cycle. Rather than reacting out of fear, consider these periods as potential buying opportunities.
Invest What You Can Afford
By only investing money you can afford to lose, you protect yourself from having to sell at a loss when the market dips. This approach allows you to hold your assets until the market bounces back.
Think Long-Term
Focus on the bigger picture and the long-term potential of your investments. Selling during a market crash could mean missing out on significant gains in the future.
Try Dollar-Cost Averaging
Dollar-cost averaging (DCA) spreads out your investments over time, helping you avoid the pressure of trying to time the market perfectly. Itâs especially effective during dips, as it allows you to achieve a more favorable average price.
This approach will help you navigate the crypto market with confidence and avoid the pitfalls of emotional decision-making.
#BinanceLaunchpoolDOGS #PowellAtJacksonHole #CryptoMarketMoves #BinanceBlockchainWeek #LowestCPI2021
BREAKING: Ripple to Pay $125M to Settle with SEC in Just 18 Days! đš
In a surprising turn of events, Ripple has reached a $125 million settlement with the SEC, a significant decrease from the $2 billion the regulator initially sought. This outcome is not only a major victory for Ripple but also a milestone for the entire cryptocurrency industry. Ripple's CEO, Brad Garlinghouse, called this a crucial win that could lead to clearer regulations for XRP and influence the future of crypto compliance.
Though $XRP has recently seen a dip in trading volume and price, this settlement could ignite a significant market rebound. With this critical development, the stage is set for a potential surge in XRP's value. Are you ready to catch the next wave?
#BinanceLaunchpoolDOGS #PowellAtJacksonHole #CryptoMarketMoves #BinanceBlockchainWeek #LowestCPI2021
$PEPE
đŽ $PEPE Trade Urgent Update:
đ[VISIT MY PROFILE VOTE FOR ME AND CLAIM YOUR 5 usdt](https://www.binance.com/en/square/profile/maidah_aw) đ
Trade Signal: PEPE/USDT
Visit my profile and Vote to Win 5 USDT
BUY Signal
Entry Zone: 0.0000082 - 0.0000085 USDT
The price is currently in a strong demand zone, indicating a potential reversal or bullish momentum.
Stop-Loss
0.0000075 USDT
Set your stop-loss below the demand zone to limit potential losses.
đŽImmediate Profit Target
Target 1: 0.0000094 USDT
This is the next resistance level where you might consider taking some profit. A breakout above this level could signal a stronger upward trend.
Additional Profit Targets
Target 2: 0.0000099 USDT
Target 3: 0.0000102 USDT
For long-term holders, these are additional profit zones based on wave structure predictions. Patience is key.
Chart Insights
This chart follows an Elliot Wave structure, signaling a potential bullish continuation.
The price has tapped into a Fair Value Gap (FVG), offering a strong entry point.
â ïž Risk Management
Always use proper risk management, setting stop-losses according to your risk tolerance.
Potential pullbacks may occur, especially at major resistance zones. Watch for Wave 3 as it pushes upwards.
â ïžNot Financial Advice
This trade signal is for informational purposes only and should not be considered as investment advice. Always do your own research (DYOR) and consult with a financial advisor before making investment decisions.
#Alpaca #BinanceLaunchpoolDOGS #MtGoxRepayments #BTCâ #Write2Earn!
$SUN
Support us and cast your vote that will encourage me to create more amazing content for you all đ
$AIDOGE is back in the spotlight, and this time itâs gearing up to shave off a zero from its price! With Bitcoin flashing bullish signals and $SHIB, $MYRO, and $PEPE memecoins fueling the momentum, the market is heating up. Buckle up; this could be a ride for the ages! Last time, we saw a staggering 26x profitâare you ready to catch the next wave?
#MemeWatch2024 #Binance #raiteam
PayPal has partnered with Anchorage Digital to introduce an exciting rewards program for PYUSD stablecoin holders! đȘ Launched in 2023 on the Ethereum blockchain, PYUSD is fully backed 1:1 by US dollars and issued by Paxos Trust Company. Now, users who store their PYUSD with Anchorage or use the Porto institutional self-custody wallet can earn rewardsâwithout the hassle of staking, lending, or rehypothecation.
PYUSD remains fully accessible and on-chain, ready for quick deployment whenever you need it. Competing with the likes of USD Coin, PYUSD is positioned to become a major player in the stablecoin arena.
Stay ahead in the crypto game with PYUSD and Anchorage Digital!
#Binance #CryptoRewards #Stablecoin #Rai #raiteam
KMD (Komodo) is a cryptocurrency token that powers the Komodo Platform, a decentralized ecosystem focused on interoperability, security, and scalability. Here are some key points about KMD:$KMD
_Key Features:_
1. _Interoperability protocol_: KMD enables interoperability between different blockchain networks.
2. _Decentralized exchange (DEX)_: KMD powers a DEX for trading cryptocurrencies.
3. _Smart contract platform_: KMD supports smart contract development and deployment.
4. _Security and scalability solutions_: KMD offers advanced security and scalability solutions.
5. _Limited supply_: The total supply of KMD coins is capped at 200,000,000.
_Use Cases:_
1. _Interoperability between blockchain networks_
2. _Decentralized exchange (DEX) trading_
3. _Smart contract development and deployment_
4. _Security and scalability solutions_
_Benefits:_
1. _Decentralized and secure interoperability solutions_
2. _Increased accessibility to DEX trading and smart contracts_
3. _Advanced security and scalability features_
4. _Potential for value appreciation_
Komodo aims to provide a decentralized ecosystem that enables interoperability, security, and scalability, with KMD playing a central role in the