It took me 4 years in the crypto market to realize these things, but you only need 2 minutes to read:
1. No matter the market condition, one thing stays the same: A small percentage will always hold the majority of the supply.
2. Financial, capital, and risk management skills are crucialâfar more than technical analysis or crypto research.
3. Earn while you sleep: The crypto market offers several ways to make money without actively trading.
On average, Bitcoin has seen significant growth over the years. Yet, why do so few people profit? Itâs because the âget rich quickâ mentality prevails. If you canât dedicate consistent time to crypto, focus on BTC and ETHâ70% in $BTC , 30% in ETH.
Trust no one blindly: Trust leads to hope, disappointment, and errors. Learn independently and take responsibility for your decisions. Thatâs how you gain real experience!
The ultimate goal of investing is to make life more meaningful. If crypto investing aligns with that, go for it. If not, reconsider your approach.
Crypto is no longer just a tech innovation; it's now a financial market deeply connected to global economics. People might discourage you from investing in Bitcoin, but rememberâonce something becomes widely accepted, the window of opportunity may close. Seize your chance now!
Invest wisely, make meaningful choices, and let crypto lead you to a brighter future. đ
#SahmRule #Web3Eco #Wifey #Write2Earn! #SahmRule
$BTC
{spot}(BTCUSDT)
KP3R is the native cryptocurrency of the Keep3r Network, a decentralized platform that aims to provide a decentralized and trustless way to manage and maintain blockchain-based projects. Here are some key points about KP3R:$KP3R
_Key Features:_
1. _Decentralized project management_: KP3R enables decentralized management and maintenance of blockchain-based projects.
2. _Job automation and execution_: KP3R allows for automated job execution and payment settlement.
3. _Decentralized governance_: KP3R holders can participate in voting and decision-making processes.
4. _Limited supply_: The total supply of KP3R coins is capped at 200,000,000 tokens.
_Use Cases:_
1. _Job execution fees_: KP3R is used to pay fees for job execution and automation.
2. _Governance voting_: KP3R is used for voting on proposals and decision-making processes.
3. _Project maintenance incentives_: KP3R is used to incentivize maintenance and support for blockchain-based projects.
4. _Decentralized finance applications_: KP3R is used for various DeFi applications and services.
_Benefits:_
1. _Decentralized project management and maintenance_
2. _Automated job execution and payment settlement_
3. _Decentralized and community-driven governance_
4. _Utility token with various use cases_
Please note that the information available on KP3R coin is subject to change, and it's essential to stay up-to-date with market trends and regulations. As with any cryptocurrency, it's crucial to conduct thorough research and stay informed before making any investment decisions.
đ 5 Meme Coins Ready to Skyrocket 500% if Bitcoin Holds Steady at $70,000 đ
[DON'T FORGET TO HIT THA VOTE BOTOX](https://app.binance.com/uni-qr/cpro/imran_raii?l=en&r=104591637&uc=app_square_share_link&us=copylink)
As Bitcoin flirts with the $70,000 mark, the crypto market is buzzing with excitement. Among the sea of digital assets, meme coins are emerging as potential game-changers, set for massive gains. If Bitcoin stabilizes at this critical level, these five meme coins could explode, offering adventurous investors the chance to ride a wave of unprecedented growth.
đŻ $BLASTUP: Leading the charge, $BLASTUP powers the BlastUP platform, a revolutionary launchpad fast-tracking crypto startups. With nearly 20,000 holders and $8 million raised, $BLASTUP is loaded with benefits, from earning up to 24% APR in staking rewards to early access to hot new projects. đ Analysts predict a 1000% surge by year-end!
đ Floki Inu: Originally inspired by Elon Musk, Floki has evolved into a coin with real-world impact. From building schools to launching an NFT metaverse game, Floki is blending DeFi with real-world applications, making it a top pick for investors.
đ„ BONK: This Solana-based memecoin is capturing the hearts of investors with its community-driven focus and massive growth. Already seeing a 100% surge following its Coinbase listing, BONK is set to make waves in Solanaâs altcoin season.
đ„ $WIF: Riding Solanaâs bullish wave, $WIF is burning 4% of every transaction, potentially boosting its value as supply decreases. Launched with a successful airdrop, $WIF could be the next big altcoin to watch.
đ MEME: The native token of Memeland, MEME brings the fun of memes to the blockchain. With 9GAGâs global popularity behind it, MEME is packed with potential as more people dive into decentralized finance and digital ownership.
đĄ Conclusion: While all five of these meme coins show strong potential, $BLASTUP stands out with the highest growth prospects. If Bitcoin holds steady at $70,000, these meme coins could be your ticket to significant.
Akro (AKRO) is the native cryptocurrency of the Akropolis platform, a decentralized finance (DeFi) protocol focused on pensions, savings, and retirement planning. Here are some key points about AKRO:$AKRO
_Key Features:_
1. _Decentralized finance (DeFi) protocol_: AKRO enables decentralized pension, savings, and retirement planning solutions.
2. _Pension and savings management_: AKRO allows users to manage their pensions and savings in a decentralized manner.
3. _Decentralized governance_: AKRO holders can participate in voting and decision-making processes.
4. _Limited supply_: The total supply of AKRO coins is capped at 1,000,000,000 tokens.
_Use Cases:_
1. _Pension and savings management fees_: AKRO is used to pay fees for pension and savings management services.
2. _Governance voting_: AKRO is used for voting on
Prosper (PROS) is the native cryptocurrency of the Prosper lending platform, which offers peer-to-peer lending and borrowing services. Here are some key points about PROS:$PROS
*Key Features:*
1. *Peer-to-peer lending*: PROS facilitates lending and borrowing between individuals.
2. *Decentralized governance*: PROS holders can participate in voting and decision-making processes.
3. *Credit scoring*: PROS uses AI-powered credit scoring to assess borrower creditworthiness.
4. *Limited supply*: The total supply of PROS coins is capped at 30,000,000 tokens.
*Use Cases:*
1. *Lending and borrowing fees*: PROS is used to pay fees for lending and borrowing services.
2. *Governance voting*: PROS is used for voting on proposals and decision-making processes.
3. *Credit scoring rewards*: PROS is used to incentivize accurate credit scoring.
4. *Decentralized finance applications*: PROS is used for various DeFi applications and services.
*Benefits:*
1. *Peer-to-peer lending and borrowing*
2. *Decentralized and community-driven governance*
3. *AI-powered credit scoring*
4. *Utility token with various use cases*
Please note that the information available on PROS coin is subject to change, and it's essential to stay up-to-date with market trends and regulations. As with any cryptocurrency, it's crucial to conduct thorough research and stay informed before making any investment decisions.
Tether has 'redistributed' $108.8M USDT from illicit activity since 2014
#BecomeCreator
The most recent seizure of $5 million USDT from pig-butchering scams marks a "significant victory" in the ongoing fight against cyber fraud, according to Tether.
Stablecoin issuer Tether has helped over 145 law enforcement agencies recover more than $108.8 million USDT linked to illegal activities since its launch in 2014, according to a recent statement.
{future}(BTCUSDT)
âTether remains resolute in its mission to support global law enforcement efforts in combating illicit uses of cryptocurrency,â Tether CEO Paolo Ardoini wrote in an Aug. 23 statement.
Ardoini claimed that Tether is âfully dedicatedâ to continue collaborating with law enforcement to combat fraud.
âWe unequivocally condemn the misuse of USDT or any cryptocurrency for criminal activities.â
Since its launch, Tether has âvoluntarily blockedâ more than 1,900 cryptocurrency wallets worldwide that have been connected to illicit activity.
Tetherâs work with law enforcement
Most recently, Tether assisted the United States Department of Justice (DoJ) in seizing approximately $5 million in USDTÂ
USDT
$1.00
 from scammers who tricked victims by posing as romantic interests before disappearing with their money, a scam known as âpig-butchering.â
Pig-butchering criminals typically meet their victims online and often spend a lot of time building trust with them to entice them to make larger investments.
$ETH
Tether explained that the seizure of funds âmark a significant victory in the ongoing battle against cyber-enabled fraud.â
It also noted that the investigation included Tether onboarding the Federal Bureau of Investigation (FBI) and the US Service into its platform âto effectuate synergy
Romance scams becoming a major concern
In 2023, romance scams more than doubled in revenue year-over-year, with data indicating a growth of 85x since 2020, Cointelegraph reported on Feb. 23.
Chainalysis believes that pig-butchering scams have the âworst impact on victims of all scam.
That's Prosper (PROS), the native cryptocurrency of the Prosper lending platform, a peer-to-peer lending platform. Here are some key features and facts about PROS:$PROS
_Key Features:_
1. _Peer-to-peer lending_: PROS enables peer-to-peer lending and borrowing.
2. _Decentralized governance_: PROS holders can participate in voting and decision-making processes.
3. _Credit scoring and risk assessment_: PROS uses AI-powered credit scoring and risk assessment.
4. _Limited supply_: The total supply of PROS coins is capped at 30,000,000 tokens.
_Use Cases:_
1. _Lending and borrowing fees_: PROS is used to pay fees for lending and borrowing.
2. _Governance voting_: PROS is used for voting on proposals and decision-making processes.
3. _Credit scoring and risk assessment_: PROS is used to incentivize accurate credit scoring and risk assessment.
4. _Decentralized finance applications_: PROS is used for various decentralized finance (DeFi) applications and services.
_Benefits:_
1. _Peer-to-peer lending and borrowing_
2. _Decentralized and community-driven governance_
3. _AI-powered credit scoring and risk assessment_
4. _Utility token with various use cases_
Please note that the information available on PROS coin is subject to change, and it's essential to stay up-to-date with market trends and regulations. As with any cryptocurrency, it's essential to conduct thorough research and stay informed before making any investment decisions.
That's Gala (GALA), the native cryptocurrency of the Gala Games platform, a blockchain-based gaming ecosystem. Here are some key features and facts about GALA:$GALA
_Key Features:_
1. _Blockchain gaming ecosystem_: GALA enables the creation, play, and governance of blockchain-based games.
2. _Decentralized governance_: GALA holders can participate in voting and decision-making processes.
3. _NFTs and virtual assets_: GALA is used for creating, buying, and selling in-game NFTs and virtual assets.
4. _Limited supply_: The total supply of GALA coins is capped at 35,000,000 tokens.
_Use Cases:_
1. _In-game purchases_: GALA is used for buying in-game items, NFTs, and virtual assets.
2. _Governance voting_: GALA is used for voting on proposals and decision-making processes.
3. _Game development funding_: GALA is used to fund game development on the Gala Games platform.
4. _Decentralized finance applications_: GALA is used for various decentralized
That's SSV Network (SSV), the native cryptocurrency of the SSV Network platform, a decentralized staking infrastructure provider. Here are some key features and facts about SSV:$SSV
_Key Features:_
1. _Decentralized staking infrastructure_: SSV provides decentralized staking solutions for various blockchains.
2. _Staking rewards_: SSV enables users to earn staking rewards on their assets.
3. _Decentralized governance_: SSV holders can participate in voting and decision-making processes.
4. _Limited supply_: The total supply of SSV coins is capped at 10,000,000 tokens.
_Use Cases:_
1. _Staking rewards_: SSV is used to reward users for participating in staking.
2. _Governance voting_: SSV is used for voting on proposals and decision-making processes.
3. _Staking infrastructure fees_: SSV is used to pay fees for using the SSV Network's staking infrastructure.
4. _Decentralized applications_: SSV is used for various decentralized applications and services.
_Benefits:_
1. _Decentralized staking solutions_
2. _Decentralized and community-driven governance_
3. _Growing adoption and ecosystem_
4. _Utility token with various use cases_
Please note that the information available on SSV coin is subject to change, and it's essential to stay up-to-date with market trends and regulations. As with any cryptocurrency, it's essential to conduct thorough research and stay informed before making any investment decisions.
Hereâs a list of five altcoins that have the potential to multiply a $100 investment into $1,000, thanks to their promising growth trajectories:
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1. Polygon ($MATIC ): As a Layer 2 solution for Ethereum, Polygon is designed to enhance scalability, speed, and reduce transaction fees. Experts predict MATIC's price could fluctuate between $1.20 and $1.38, with possible lows around $0.32 and highs reaching up to $3.10.
2. Solana ($SOL ): Known for its fast and secure decentralized platform, Solana is quickly gaining traction among developers and projects. If this momentum continues, SOL's value could soar to $142 by 2024.
3. Chainlink ($LINK ): This decentralized oracle network is crucial for providing smart contracts with reliable real-world data. LINK is poised to break previous records, potentially hitting a new high of $63. However, a market correction could bring it back down to around $21.
4. VeChain (VET): With its blockchain-based supply chain management platform, VeChain is focused on enterprise solutions. VET's growth is driven by its practical applications in tracking and verifying product authenticity.
5. Cosmos (ATOM): Cosmos offers a decentralized network of independent blockchains, with scalability and interoperability at its core. By 2030, ATOM could reach highs of $222, with a lower threshold of $133, offering an impressive ROI of 1,229% from current levels.
Remember, investing in cryptocurrencies involves significant risk, and itâs crucial to do your own research and evaluate your risk tolerance before diving in.
#Write2Earn! #CryptoMarketMoves #LowestCPI2021 #BinanceLaunchpoolDOGS #voteforCHARISSECRYPTO
#BecomeCreator Crypto advocates file brief against SEC's investor tracking database
The Consolidated Audit Trail would gather a monumental amount of data, and more than it is meant to when it exposes the identity of crypto wallet holders.
The DeFi Education Fund and the Blockchain Association jointly filed an amicus brief in a case brought by two individuals and the New Civil Liberties Alliance (NCLA) against the United States Securities and Exchange Commission (SEC), its chairman Gary Gensler and the Consolidated Audit Trail (CAT). The complaint does not mention cryptocurrency or blockchain, but the organizations argue that the CAT could have a profound negative effect on crypto users.
$BTC
The CAT is a database that was first proposed in 2010 and became operational in April. According to its website, the CAT âtracks orders throughout their life cycle and identifies the broker-dealers handling them, thus allowing regulators to efficiently track activity in Eligible Securities throughout the U.S. markets.â
A bad rule thatâs worse on a blockchain
The SEC proposed the 203-page rule that created the CAT in 2010 and passed it in 2012. The database is funded by its participants â the Financial Industry Regulatory Authority (FINRA) and 26 national securities exchanges. The CAT soon provoked concerns about privacy and government overreach. The NCLAÂ said:
$ETH
âThis class-action complaint challenges SECâs shocking arrogation of power to impose dystopian surveillance, suspicionless seizures, and real or potential searches on millions of American investors.â
The NCLA filed its suit in April. The case has attracted over 50 amicus curiae briefs. The DeFi Education Fund and the Blockchain Association said in their brief that the database exposes more information about investors using blockchains than it was designed to, due to the transparent nature of public blockchains. It explained:
{future}(TONUSDT)
âThe CAT [âŠ] connects personally identifying information with wallet addresses that reveal blockchain-based user transactions. Thus, anyone with access to the CAT.
#BecomeCreator Community partner for TOKEN2049
In addition to the partnerships, Gora recently announced its NFT collection. Curated jointly with Shufl Labs to foster community engagement, the GoraBots collection is composed of 870 unique NFTs that come with tangible rewards.
$USDC
Holders of these NFTs will have the opportunity to participate in the upcoming GoraDAO governance system, where they will have voting rights and form the GoraDAO council to decide if community proposals move forward to an official vote. The decentralized autonomous organization (DAO) is scheduled to be ready by the end of 2024. Additionally, each GoraBot is backed by a specific amount of GORA tokens, allowing holders to stake these tokens to earn rewards and contribute to network security.Â
$SOL
As Gora continues to build momentum, the project was selected as a community partner for TOKEN2049 Singapore 2024. The annual event brings industry leaders and influencers together, and this yearâs edition is expected to host around 400 exhibitors and attract over 20,000 attendees with 500 side events.Â
$BNB
Since launching its mainnet about a year ago, Cointelegraph Accelerator participant Gora has grown to reach 139 active nodes and is currently generating $100,000 in annual revenue. By upgrading its solutions, inking new partnerships and expanding to other prominent blockchains, Gora will continue to empower diverse projects with reliable data feeds and support more use cases.
#BecomeCreator
Google partnership to accelerate blockchain oracle network growth
This blockchain oracle network has also been selected as a community partner for TOKEN2049 Singapore 2024.
Blockchain oracle network Gora becomes a participant of Googleâs prestigious startup program for Web3 projects.
The arrival of smart contracts in the blockchain space has ushered in the age of decentralized finance (DeFi). However, for DeFi to truly be an alternative to traditional finance, decentralized apps (DApps) â apps running on blockchain networks â need to extract real-world data. And blockchains, which are siloed ecosystems, cannot achieve this on their own.Â
Oracles fill this gap by providing external data to blockchains, connecting them to traditional systems and with each other. By bridging the digital and physical worlds, oracles empower DApps to offer services that go beyond the blockchain, unlocking new possibilities for innovation and growth.#BecomeCreator
A new participant in Googleâs Web3 program
Gora, a decentralized blockchain oracle network with multichain capabilities, is a prominent example of this evolution. The platform enables secure data flow for smart contracts across all integrated blockchains.
{future}(ETHUSDT)
To bolster platform development, Gora has announced its acceptance into Googleâs Web3 Startup Program. An initiative of Google Cloud, the program supplies Web3 projects with the technology and resources to build on the ecosystem more easily.
đ#BTC reaches the target areaâïž
đ§ When I woke up, I found that my holdings had decreased. It turned out that I had automatically reduced my holdings. After breaking through the upper edge of the ascending triangle, we broke through the resistance zone and reached the target area above 64k. The goals of the 1-hour long structure have been fully achieved, so we need to be alert to the risk of a pullback. The resistance zone of 61400-62000 turns into a support zone. đ„
âĄïžBut judging from the 4-hour chart, we have broken through the turning point (62721), which means that a 4-hour long structure has emerged, and it also means that we still have expectations of continuing to rise, so we have retained a small number of positions. Go expect more. đCongratulations to all the friends who followed Wolf King to print money and made huge profits. đ°đđ
đ€If you like my analysis, please like đand share itđŹ
đ Follow me so you don't miss out on any signals and analyze đŻ
#Wolf_king88 $BTC
{future}(BTCUSDT)
Franklin Templeton expands blockchain fund to Avalanche network
#BecomeCreator
Franklin Templeton, a global asset management firm, has expanded its Franklin OnChain US Government Money Fund to the Avalanche.
According to a press release shared with Cointelegraph, the expansion to the layer-1 blockchain will be the âfirst-of-its-kind onchain money market fundâ on Avalanche.
The fund, which launched in 2021, allows institutional investors access to Franklin Templetonâs blockchain-integrated record-keeping system, Benji Investments.
â[Investors] may hold their wallets on the Avalanche network upon request and subject to eligibility.â
Crypto phishing attack drains $55 million from whaleâs wallet
A crypto holder who signed an unverified transaction lost $55 million in crypto to malicious actors who employed a phishing attack to steal the whaleâs stablecoins.Â
On Aug. 20, a crypto wallet owner signed a transaction that changed the ownership of 55.47 million DaiÂ
DAI
$1.00
 in the decentralized finance (DeFi) protocol Maker. Because of the signed transaction, a phishing address took ownership of the walletâs stablecoins.Â
The whale seemed to realize the mistake and attempted to withdraw the funds to a new address. However, the transaction failed because of the owner change that had already happened.
Polychain leads $6.7 million investment in new Bitcoin-centric yield network Corn
$BTC
Polychain Capital has announced a $6.7-million investment into a new Bitcoin-centric, yield-generating network.
The $6.7 million investment was received by Corn, a new Ethereum layer-2 network that uses a tokenized version of Bitcoin for gas fees and economic incentives on the network, tickered BTCN.
Corn launched on Aug. 19 with the goal of enhancing the utility of the worldâs first cryptocurrency and introducing new yield-generating opportunities, according to Chris Spadafora, founder of Corn and BadgerDAO.
$BNB
DeFi Market overview
According to data from Cointelegraph Markets Pro and TradingView, the majority of the 100 largest cryptocurrencies.
Proof-of-Ink to boost Web3 adoption, Fed rate cut could spur DeFi summer: Finance Redefined
#BecomeCreator
Gavin Wood introduced a major infrastructure development for Web3 citizenship, while Hashkeyâs CEO forecasted a resurgence in the DeFi market driven by lower interest rates.
Welcome to Finance Redefined, your weekly dose of essential decentralized finance insights â a newsletter crafted to bring you the most significant developments from the past week.
This week, Ethereum and Polkadot co-founder Gavin Wood revealed the launch of Parityâs upcoming tattoo-based Web3 individuality solution, which could be among the main missing blocks for Web3 adoption, Wood told Cointelegraph during the Web3 Summit in Berlin.
In other news, the decentralized finance (DeFi) sector could experience a long-awaited resurgence, fueled by declining interest rates and rising BitcoinÂ
BTC
$63,948
 investments, according to HashKey Capitalâs CEO, Deng Chao.Â
Proof-of-Ink by Gavin Wood: The tattoo that secures your Web3 privacy
Parity Technologies is launching a Web3 individuality solution, which is a crucial missing element for mainstream Web3 adoption.
The new solution, âProof-of-Ink,â will enable users to prove their digital individuality in a privacy-preserving manner through a unique tattoo serving as proof of digital citizenship.
$BTC
Proof-of-Ink is set to launch in the fourth quarter of 2024, according to Wood.
Lower interest rates could be the key to DeFi summer: HashKey Capital CEO
As the United States Federal Reserve is forecast to cut interest rates in 2024, the resultant weakening of US Treasury yields is likely to strengthen the spotlight on riskier but higher yield opportunities elsewhere â which means investors could have a greater appetite for cryptocurrencies.
$ETH
This uncertainty puts the focus on Bitcoin, which is typically seen as a risk-on asset. When interest rates drop, investors pile into riskier asset classes.
Patience and Conviction: Keys to Long-Term Crypto Success
In the volatile world of cryptocurrencies, staying calm and focused can be challenging.
However, these principles can serve as your guiding stars:
1. Avoid Choppy Waters:
Trading in choppy price action is like trying to navigate a stormy sea. It's easy to get lost and make impulsive decisions. Stick to clear trends and avoid the noise.
2. Leverage: A Double-Edged Sword:
While leverage can amplify gains, it can also magnify losses. Avoid using it, especially if you're new to trading. A disciplined approach with your own funds is the safest bet.
3. Identify Potential Gems:
Altcoins that are breaking or about to break their downtrends often present excellent opportunities. Conduct thorough research and look for signs of a potential reversal before investing.
4. Tune Out the Noise:
The crypto world can be filled with hype, fear, and misinformation. Focus on your own analysis and ignore the noise. Let your research guide your decisions.
5. The Long Game:
Remember, crypto is a marathon, not a sprint. Focus on the mid and long-term potential of your investments. Short-term fluctuations are to be expected.
6. Enjoy the Journey:
While it's important to be strategic, don't forget to enjoy the process. Crypto investing can be exciting and rewarding. Take breaks, relax, and savor the moments.
Patience and Conviction:
These two qualities are the cornerstones of successful crypto investing. Stay patient, stick to your plan, and believe in your research. The rewards will come in time.
Always DYOR!
Vote for @RonyZ in Square Creator Awards 2024 đ€
#TraderEducation #cryptotips #PatienceIsKey #conviction
$BTC Past rate cuts indicate potential crypto bull market catalyst â 21Shares
The US Federal Reserve is expected to begin lowering its benchmark interest rate in September.
Speaking at the annual Jackson Hole Symposium, United States Federal Reserve Chair Jerome Powell sent his strongest signal yet that interest rate cuts are on the immediate horizon.
#BecomeCreator
BTC
$63,948
 rallied past $63,000 on the news, and analysts think further gains are expected when the Fed begins cutting rates.
Leena ElDeeb, a researcher at exchange-traded product issuer 21Shares, explained that previous interest rate cuts were good for the price appreciation of digital assets, as investors with cheaper access to loans took the opportunity to invest in risk-on asset classes. In a statement to Cointelegraph, the analyst gave a specific example of a previous rate cut at the beginning of the COVID-19 pandemic:
In March 2020, when they cut rates by 150 basis points (bps) to reach near-zero levels, the total crypto market cap increased by about 450% towards the end of the year, and Bitcoinâs price surged by 200% in the same period.â
ElDeeb qualified her statements by explaining that while past performance does not guarantee future results, the March 2020 interest rate cuts could provide a benchmark to compare the likely effects of the impending rate cut on crypto markets.
Levels of the M2 money supply as a market signal
The 21Shares analyst also pointed to changes in the M2 money supply â a measure of the total currency circulating in the global economy â as a potential catalyst for a Bitcoin breakout.
ElDeeb noted that Bitcoinâs price usually reaches its lowest point several months before the M2 money supply âbottoms outâ before surging rapidly. This rapid price surge typically surpasses liquidity growth before pulling back in what the analyst described as a âmid-cycle correction.â
The analyst concluded by sharing her belief that Bitcoin exchange-traded funds (ETFs) were a âkey catalystâ for price appreciation amid the M2 money supply cycle.
What's Risk Management?
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Risk management entails predicting and identifying financial risks involved with your investments to minimize loss. Investors and retail traders use risk management strategies to help them manage their portfolio's risk exposure.
A critical first step is assessing your current exposure to risks and then building your strategies and plans around them.Risk management strategies are plans and strategic actions traders and investors implement after identifying investment risks.
These strategies reduce risk and can involve a wide range of financial activities, such as taking out loss insurance and diversifying your portfolio across asset classes.
Risk Management Strategies
1. The 1% rule is a simple risk management strategy that entails not risking more than 1% of your total capital on an investment or trade.
2. A stop-loss order sets a predetermined price for an asset at which the position will close. The stop price is set below the current price and, when triggered, helps protect against further losses. A take-profit order works the opposite way, setting a price at which you want to close your position and lock in a certain profit.
3. Diversifying your portfolio is one of the most popular and fundamental tools to reduce your overall investment risk. A diversified portfolio won't be too heavily invested in any asset or asset class, minimizing the risk of heavy losses from one particular asset or asset class. For instance, you may hold a variety of different coins and tokens, as well as provide liquidity and loans.
Polygonâs POL Upgrade: A Major Shift?
Polygon (MATIC) is experiencing a massive surge in transactions, with a 16,263% increase over the last day, totaling $58.25 million. This spike, especially in transactions over $100,000, signals strong interest from major investors, possibly in anticipation of the networkâs upcoming upgrade to POL on September 4. This upgrade will introduce POL as the new gas token, aiming to improve transaction handling and enhance user experience while maintaining Ethereum compatibility.
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Bitcoin Price Surges Due to Fedâs Interest Rate Decrease Announcement
#Jerome Powell Strongest
Fed Rate Cuts SignalđȘđȘ
US Federal Reserve Chair Jerome Powell gave the strongest Fed rate cuts signal in his Jackson Hole speech. After the FOMC Minutes release recently, Powell saying âThe time has come for policy to adjustâ has further increased positive sentiment in the stock and crypto market today. Both Bitcoin and Ethereum witnessed a sharp upside move.
Bitcoin price hit an intraday high of $62,320 after the dovish comments signaled potential rate cuts starting in September. Ethereum price also hit $2700, but the upside lived momentarily and the price dropped back to $2,680.
Jerome Powell Gives Strongest Fed Rate Cuts Signal
During the Jackson Hole Symposium, Wyoming, US Federal Reserve Chair Jerome Powell said the central bank is looking for interest rate cuts ahead. While he didnât provide exact indications on the timing or extent of rate cuts, Powell confirmed itâs time for a monetary policy pivot amid slowing inflation and weakening of the labor market in the United States.
We do not seek or welcome further cooling in labor market conditions,â Powell said in prepared remarks for a speech at the central bankâs annual gathering in the Grand Teton National Park on Friday. âThe time has come for policy to adjust.â
As expected, the Fed Chair stated that the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks. However, this confirmed expectations of a rate cut in September, triggering rallies for stocks and bonds, and Bitcoin.
CME FedWatch tool shows a 67.5% probability of 25 bps rate cut in September, down from 76% a day ago. Regardless, the market expects 100 bps rate cuts by the Fed this year. US Treasury yields and the US dollar index (DXY) fell 14-month low, which is bullish for Bitcoin.
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El Salvador Increases Bitcoin Holdings by 162 Coins
#BecomeCreator
El Salvador has been actively increasing its Bitcoin reserves, with a government-owned cold wallet reportedly purchasing one Bitcoin per day since March 16. These acquisitions have added 162 coins to the nationâs Bitcoin holdings, now totaling 5,851 BTC, according to data from  blockchain analytics platform Arkham Intelligence. The market value of these holdings is approximately $356.4 million.
$USDC
The walletâs transaction history indicates a consistent pattern of daily Bitcoin purchases, with the most recent transaction occurring just hours ago at a cost of $60,500. On a few occasions, the wallet has made minor BTC purchases valued at less than $100.
 Crypto analyst EmberCN estimates the average acquisition cost of El Salvadorâs Bitcoin at around $44,835 per coin, which implies a floating profit of $93.45 million for the country. These purchases align with President Nayib Bukeleâs commitment to buy one Bitcoin every day until it becomes âunaffordable.â The initiative began with the transfer of 5,689 BTC into the cold storage wallet, worth $386 million at that time. Bukele referred to this wallet as the countryâs inaugural âBitcoin piggy bank.â
To enhance transparency in its cryptocurrency holdings, El Salvador has implemented a mempool space, allowing the public to audit its Bitcoin reserves. Additionally, the Bukele administration has proposed utilizing cryptocurrency for trade with Russia, aiming to bypass sanctions imposed by the United States and its allies due to Russiaâs ongoing conflict with Ukraine. As El Salvador recognizes the U.S. dollar as its official currency, engaging in trade with Russia has been complicated due to the sanctions limiting Russiaâs access to USD.
$BNB
Meanwhile, Bitcoin has seen a 0.8% increase over the past 24 hours and a 5.1% rise over the past week. Its market capitalization now exceeds $1.2 trillion, accounting for more than 53% of the entire cryptocurrency marketâs value
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