**News Flash: Linea Teams Up with Status for Open-Source L2 Rollup Project**
Linea, a layer-2 solution on the Ethereum blockchain, has announced its first contributor to its open-source L2 rollup project. Status, a global collective focused on building digital platforms for inclusive communities, has partnered with Linea to launch the Status Network.
- **Partnership Details**: Status developers will engage directly with Linea's codebase, aiming to run an identical version of Linea in parallel. This collaboration is a key milestone in Lineaâs decentralization roadmap.
- **Expert Insights**: Nicolas Liochon, Lineaâs global lead, emphasized the focus on an open-source stack since Lineaâs mainnet alpha launch. Cyprien Grau from Status highlighted the shared vision for further decentralization on Ethereum.
- **Tech Focus**: Linea leverages Zero-knowledge Ethereum Virtual Machine (zkEVM) technology to address high fees and low transaction throughput on Ethereum.
This partnership aims to enhance the Ethereum ecosystem's transparency, security, and collaboration.
How Back Funds Send By Mistackliy On Unsupported Blockchain/Network From Any Exchangeâs or Crypto Wallets?
Guide:
It is technically possible, but the likelihood of recovering lost cryptocurrencies after sending them to the wrong address or losing them on an exchange is very low. Here's why:1) Wrong address: Cryptocurrency transactions are irreversible, so if you send your cryptocurrencies to the wrong address, there is no way to reverse the transaction. The only way to recover your funds would be if the recipient decides to return them to you voluntarily.2) Exchange loss: If you lose your cryptocurrencies on an exchange due to a hack or other security breach, your chances of recovery depend on the exchange's policies and the extent of the damage. In some cases, exchanges have partially reimbursed affected users, but full recovery is rare.3) Lack of centralized authority: Unlike traditional banking, there is no centralized authority or regulatory body that can step in to help recover lost cryptocurrencies.4) Anonymity: The anonymity of cryptocurrency transactions can make it difficult to track down the recipient or thief, making recovery even more challenging.
Generally,if you made a mistake in a withdrawal from an exchange, the options available to retrieve your cryptocurrency depend on the exchange's policies and the nature of the mistake. It's important to reach out to the exchange's customer support as soon as possible to explain the situation and provide any necessary documentation or proof of the error. They may be able to assist you in resolving the issue and recovering your funds. Remember to always double-check your withdrawal details before confirming to avoid mistakes.
#SaveYourFunds
**State Street Unveils Digital Asset Platform for Institutions**
State Street, managing $4.4 million in assets, announced a new digital asset platform for institutional clients on Aug. 20. Partnering with Taurus, the platform will offer tokenization, node management, and custodial services. Lamine Brahimi of Taurus SA emphasized the importance of custody and tokenization in servicing tokenized securities.
**Institutional Interest in Digital Assets Soars**
Following BlackRock's Bitcoin ETF launch, institutional interest in digital assets has surged. Bitwise reports 66% of institutional Bitcoin investors held or increased their BTC holdings in Q2 2024. Ethereum ETFs could see $10 billion in their first year, predicts Sygnum Bank's Katalin Tischhauser.
**Morgan Stanley Recommends Bitcoin ETFs**
Morgan Stanley now allows its 15,000 advisers to recommend Bitcoin ETFs, specifically BlackRockâs iShares Bitcoin Trust and Fidelityâs Wise Origin Bitcoin Fund. Despite market turbulence, Bitcoin ETFs saw $11 million in inflows on Aug. 15.
Candidates, today we will discuss the current situation on the Bitcoin (#BTC) chart đȘ.
Let's start with an update on my previous global analysisđ. The situation is quite interesting â once again, the prediction was spot on. As expected, during the downtrend, the daily imbalance was covered, followed by an upward movement that pushed the price to $59,000.
On a more local chart, a clear 10-day range has formed, with a deviation below the lower boundary observed last Thursday. This movement confirmed â
the rangeâs goal: accumulation by a large player đ â the initial liquidity sweep from below is aimed at buying at favorable prices.
Currently, we have two support zones âĄïž the primary one (result of the deviation) - Bullish Order Block đ 1 day $56,805-$57,541 and a secondary one - similar Order Block on the 8H $55,422-$56,300. A pullback to these zones is unlikelyâ; however, if a correction does occur, I will use the opportunity to add to my positions, which I recommend you do as well!
What should we expect nextâ
The large player has already accumulated their positions and, under favorable news, will start pushing the price upwards. The targets at the moment are a retest of the old CME gap, breaking through the upper boundary of the range at $62,470, testing the Bearish Order Block at $67,612-$69,770, and clearing the large liquidity pool above the equal highs at $72,000.
#BTCâ $BTC $ETH $SOL #BlackRockETHOptions #PowellAtJacksonHole #ETHETFsApproved #Write2Earn!
Tron (TRX) Price Action
The TRX price has constantly displayed a bullish price action by adding 6.83% to its portfolio within the past day with a trading volume of $778.23 Million. Moreover, it has jumped approximately 16% within the past week and has recorded a YTD return of 36.43%.
The EMA 50-day acts as a support to the Tron price chart, indicating a strong bullish sentiment for the altcoin in the cryptocurrency space.
The Relative Strength Index (RSI) has breached its overbought range in the 1D time frame, highlighting an increase in the buying-over-selling pressure within the crypto space. Moreover, the average trendline records a bullish curve, suggesting that the altcoin will continue gaining value this week.
If the market holds the TRX price above its support level of $0.1450, the bulls will prepare to test its upper resistance level of $0.160 during the upcoming weeks. Conversely, a bearish reversal could pull the altcoin toward its lower support level of $0.1275 this month.$TRX
{spot}(TRXUSDT)
SUI At $0.90, Hits Crucial Crossroads
The SUI tokenâs price action displays a falling channel pattern on the daily chart. However, early August saw a strong recovery, boosting the SUI price by 90% in just a week, leading to a breakout from the falling channel.
The bullish rally propelled the token from the $0.53 support level to the 50% Fibonacci retracement level at the psychological $1 mark. Following this surge, the SUI token experienced a pullback, potentially retesting the breakout level as it touched $0.80.
Despite this pullback, the SUI price quickly rebounded with a 9.34% jump last night, forming a bullish engulfing candle. Further, the post-retest reversal in the altcoin teases a potential bull run ahead.
However, the quick loss of momentum triggers a warning for buyers. Currently, SUI trades at $0.90, showing a slight intraday movement of 0.26%, forming a doji candle.
Technical Indicators:
MACD: The MACD indicator shows that the MACD and signal lines narrowly avoided a bearish crossover.
Relative Strength Index: The daily RSI line bounced back from the halfway mark, remaining above the 14-day moving average.
Will SUI Price Hit $2?
According to the Fibonacci retracement, the current SUI price is near the 38.20% level, placing it at a crucial juncture. The breakout of the $1 psychological resistance will determine whether the uptrend continues in the altcoin.
If successful, this breakout could propel SUI price to its all-time high of $2, resulting in a 100% surge post-breakout. On the downside, a bearish continuation would target the 23.60% Fibonacci level at $0.73.
$SUI
{spot}(SUIUSDT)
đ PEPE is finally showing some signs of life with an impressive 8.48% gain! Currently priced at 0.00000793 USDT, this bounce has caught the attention of traders, with the bulls seemingly back in action. However, the key question remains: can they sustain this momentum? Looking at the moving
[Vote Now To Visit My profile](https://www.binance.com/en/square/profile/Crypto_Queen_Pak7?ref=826352268&utm_campaign=app_square_share_link&utm_source=copylink) â€ïž averages, PEPE has managed to climb above the short-term EMA of 0.00000770, which is a promising sign. Still, the 25 and 99-day EMAs, sitting at 0.00000860 and 0.00000967 respectively, are providing some resistance ahead. Volume has surged to 5.91 trillion, indicating renewed interest and confidence among traders, which is always a positive signal. However, itâs crucial to see if this volume increase can be maintained in the coming days.The MACD indicator, while still in negative territory, is showing some signs of potential change. The difference between DIF (-0.00000075) and DEA (-0.00000080) is narrowing, suggesting a possible bullish crossover on the horizon. Meanwhile, the RSI has climbed back above 50 to 52.22, indicating that the bearish momentum might be fading, which could signal a trend reversal if this continues. PEPE is currently approaching a key resistance level at 0.00000860. Breaking through this could pave the way for a more substantial rally, but if it fails, we might see another test of support at 0.00000731. In conclusion, while PEPE is showing some much-needed strength, itâs not completely out of the woods just yet. This recent bounce is certainly encouraging, but for a sustained move higher, we need to see it break above those critical resistance levels. For now, itâs wise to remain cautiously optimistic and keep a close eye on how this recovery unfolds. Trade smart, stay vigilant, and letâs see where PEPE goes from here! đ#Crypto #Trading #PEPE #TechnicalAnalysis #CryptoCommunity
đąđ Bitcoin/USDT 4H Trade Signal
đ Pattern: Ascending Triangle
âThis pattern suggests a potential bullish breakout, with price consolidating near resistance at $63,400.
đ Entry Point:
âEnter on confirmed breakout above $60,600 with volume spike. A candle close above this level will act as confirmation for entry.
đ Stop-Loss (SL):
âPlace stop-loss below the recent support level at $54,400, which is the blue line below the pattern.
đŻTake Profit (TP):
âTarget 1: $63,400(horizontal resistance)
âTarget 2: $70,000 (next psychological level)
đ Risk-Reward Ratio (RR):
âTarget 1: RR 2.5:1
âTarget 2: RR 4.2:1
đ Technical Indicators:
âRSI: Approaching overbought level at 67,suggesting some momentum but not yet overextended.
âMACD: Bullish crossover just occurred, indicating momentum building for a breakout.
â ïž Risk Note: Watch for false breakouts. A failure to hold above $60,600 after breakout could indicate a pullback. Ensure you set proper stop-loss.
Disclaimer: DYOR and NFA
$BTC
{spot}(BTCUSDT)
#PowellAtJacksonHole #CryptoMarketMoves #BinanceBlockchainWeek #LowestCPI2021 #SahmRule
Today, Justin Sun made headlines with significant movements in the crypto space. He withdrew 14,884 ETH (around $35.97 million) from Binance, bringing his total ETH holdings to approximately 392,474 ETH, worth nearly $1 billion. This move comes amidst speculation and concerns about his positions, although Sun dismissed rumors of any liquidation.
At the same time, Sun's involvement with TRON continues to make waves. The TRON blockchain has been experiencing growth, particularly in meme coins, driven by Sun's efforts.
@sunyuchentron
âĄïž @Soulbound_GG has announced the closure of its $4M funding round
Souldbound, a Web3 player profile, and social platform, raises $4M in funding for the Web3 social gaming ecosystem. Among round participants are @iAngelsCapital, @AnimocaBrands, @BigBrainVC, @NGC_Ventures, Panony, @Deltabc_fund and more. The investment will allow Soulbound to establish gaming partnerships, add social interactions, and expand streamer bounties and social questing.
đ
GALA Price Prediction 2024 - 2030: Can Gala Token Achieve a 5X Surge in 2024
The GALA token, native to the Gala Games ecosystem, has become a focal point for investors and gamers alike, especially given its significant price fluctuations in recent years. With the GALA token currently trading at approximately $0.017, many are wondering if it could experience a substantial surge this year and what the future holds up to 2030.·
For the full story, head over to TheCurrencyAnalytics.com.
The global financial markets have been varying heavily due to multiple external factors, which have impacted the crypto markets too. Besides, the rise in strength of the USDT and its dominance within the markets also play a major role. The dominance of USDT has reached a crucial point wherein a small negative action may trigger a strong pullback. This may offer cryptos an opportunity to initiate a strong ascending trend.
A popular analyst, Moustache, predicts that the sluggish market behaviour may end very soon as the USDT dominance has broken a 5-year uptrend to the downside.
âI think the terribly boring time in the market will soon come to end.
I think most people have already forgotten that the USDT.D has broken a 5 year uptrend to the downside.
USDT.D down = Crypto up.
What do you think comes after this bearish retest?
Referring to the above chart, the analyst points out the recent consolidation, which has formed a bearish pattern. Ever since the levels broke down from the rising trend line, the USDT.D. has been trading within an ascending, broadening wedge. The recent rejection from the resistance is expected to cause the levels to drop to the support, which may further drag the levels below. The dominance, which is hovering around 5.5% to 5.6%, could drop close to 2% if this trade plays out well.
With this, the possibility of a strong rebound within the crypto markets emerges, driving the Bitcoin (BTC) price and other altcoin prices significantly high. $SUI
{spot}(SUIUSDT)
$SKL
{spot}(SKLUSDT)
$MANTA
{spot}(MANTAUSDT)
$ADA Price Eyes 25% Rally As Binance Pay Adds ADA - CoinGape Analytics
ADA price action has broken above the upper boundary of the falling wedge, indicating a potential bullish reversal. The previous downtrend has been challenged by this breakout, and momentum appears to be shifting toward the upside.
The price of ADA is likely to experience some resistance at $0.3621, which coincides with the 200-day exponential moving average (EMA) and the top of the current consolidation zone the asset is in. Beyond this, Cardano price could surge 25% to the $0.4500 level, which could act as a stronger resistance and a critical point for the continuation of the upward move.
The relative strength index (RSI) is currently at 60.45, indicating bullish momentum but not overbought. This supports further upward movement but suggests that the price might face some resistance as it approaches higher levels.
If the Cardano price breaks below $0.3280, it will likely confirm a bearish reversal, invalidating the current bullish thesis. A further downside could see the price targeting $0.3220 and below.
#RSR/USDT Makes an Impressive Move to $0.05873
$RSR
{spot}(RSRUSDT)
{future}(RSRUSDT)
In the latest trading session, RSR/USDT exhibited robust upward momentum, driving the price to $0.05873. This steady and consistent rise has kept the pair within a well-defined range, indicating the potential for continued growth as the uptrend progresses. The market responded favorably to a recent breakout above critical resistance levels. However, caution is advised, as price fluctuations may still occur.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Cryptocurrency trading involves significant risk and may not be suitable for all investors. Always do your own research before making any investment decisions.
#PowellAtJacksonHole #6thTrade #MarketSentimentToday #Market_Update