New Product Launch, DAO Grants, Future of Working Groups and more!
Join us for J.U.P Planetary Call #25 today!
We will be introducing something cool for the entire ecosystem by @xianxlb. @anyhauu will do an update on Limit Orders, sharing about completed improvements that to tackle recent issues.
On the J.U.P front, @0xSoju will share about Jupiter's efforts in keeping users safe. @weremeow will speak on some of the learnings from the Jupiter Working Groups experiments.
Following which, @SlorgoftheSlugs will give an overview of the most recent DAO Grants proposal put forth by the CWG, which is slated to go to a vote later this week.
Finally to end things off for this week, we will have a chat with one of our partners @Vaultkaofficial and a fellow Catdet @Irish6995.
See you there, Planetary Call at 11:30 AM EST / 3:30 PM UTC
#Binance and Former CEO CZ Faces New Lawsuit, But Why?
In a recent development, three crypto investors filed a class-action lawsuit against Binance and its former CEO, Changpeng Zhao (CZ). As per sources, the legal challenge is for alleged money laundering and failure to prevent asset theft.
The suit, filed on August 16th, claims stolen crypto was laundered via Binance, making it untraceable. The lawsuit also claims that Binance is enabling illicit activities by neglecting Anti Money Laundering protocols.
Meanwhile, despite these allegations, Binance is committed towards a strong track record in fraud prevention. Since January 2024, the exchange has blocked $2.4B in potential losses due to scams and fraud, protecting over 1.2 million users globally.
#SYN/USDT Consolidates as Traders Eye Key Levels for the Next Move
$SYN
{spot}(SYNUSDT)
{future}(SYNUSDT)
The SYN/USDT trading pair is currently exhibiting a consolidation phase within a well-defined range, hovering around $0.5650. The Relative Strength Index (RSI) is slightly above neutral at 50.56, suggesting a balance between buying and selling pressures. The Moving Average Convergence Divergence (MACD) is showing signs of bearish divergence, with the MACD line at 0.0017 slightly below the signal line at -0.0018, indicating potential short-term downside risk.
Bullish Scenario:
If the price manages to break above the resistance at $0.6000 with strong volume, it could signal the start of a new upward trend. A sustained move above this level could target the next resistance around $0.6620.
Bearish Scenario:
Conversely, if the price falls below the support level at $0.5023, it could trigger a sell-off towards the next support at $0.4231. Traders should watch for increased selling volume as a confirmation of a bearish move.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Cryptocurrency markets are highly volatile and may not be suitable for all investors. Always conduct your own research before making any investment decisions.
#6thTrade #MarketSentimentToday #MtGoxRepayments #BecomeCreator
Bitcoin's Fate Hangs in the Balance
[Click here & vote for me](https://app.binance.com/uni-qr/cpro/Samina_khan?l=en&r=252877207&uc=app_square_share_link&us=copylink)
Bitcoin's price is hovering near a crucial support level, leaving investors wondering if it's heading for a bear crash or a bull rally. The upcoming US jobs report could be the deciding factor.
Key Points:
- Bitcoin's price dropped 2% to $59,456, sparking concerns
- The US jobs report may show a drop in job growth, potentially leading to economic slowdown fears
- Some experts believe the report might not accurately reflect the job market
- Bitcoin's position near its 200-day Simple Moving Average (SMA) is a warning sign
- Over 80% of recent Bitcoin holders are at a loss, similar to past market conditions that led to panic selling
What's Next?
{spot}(BTCUSDT)
If Bitcoin fails to break above $60,000, it may fall to $54,000. However, positive news from the US jobs report could boost Bitcoin to $62,000. The cryptocurrency is at a crossroads, and the next move is uncertain.
#MtGoxRepayments #PowellAtJacksonHole #CryptoMarketMoves #LowestCPI2021
AVAX/USDT Potential Bullish Momentum Targets Higher Levels
$AVAX
{spot}(AVAXUSDT)
{future}(AVAXUSDT)
The #AVAX/USDT pair has recently exhibited strong bullish momentum, breaking above the key resistance level at $21.70. The chart reveals that after a prolonged period of consolidation within the $20.36 to $21.70 range, the price has surged higher, currently trading around $22.99. This breakout is significant, as it suggests a potential continuation of the upward trend, with the next resistance levels in sight at $24.66 and $25.41.
However, as with any breakout, it's important to monitor for potential pullbacks. The previous resistance level around $21.70 could now serve as a support, providing a solid base for the price to push higher. If the momentum continues, AVAX could test the higher resistance levels, making this an exciting setup for bulls.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Cryptocurrency markets are highly volatile and may not be suitable for all investors. Always conduct your own research before making any investment decisions.
#MtGoxRepayments #6thTrade #MarketSentimentToday #BecomeCreator
Today in web 3
Covering significant buzz around decentralized apps, cryptocurrency trends
Dive into the latest developments đ
đ BTC, ETH and SOL at $59.4k, $2.5k and $142 respectively
đ Brazil's securities regulator approved a second Solana ETF
đ Binance hit with fresh class action lawsuit over Money Laundering allegations
đ Tron network fee revenue reached $3.84 million in the past 24 hours
đ Hyperlane announces support for World Chain
đ Aptos blockchain browser, Topaz, set cease operations
Credits: ChainCatcher, Decrypt, MarsBit
đš $NTRN is forming a Falling Wedge pattern on the 2D chart, which is typically a bullish reversal pattern.
đ Entry Point: $0.37 to $0.40
đŻ Targets: $0.50, $0.60, $0.75, $1.35
đ Trading Options: $$NTRN s available for trading in both spot and futures markets. You can purchase it on the spot market, or if you prefer to go long on futures, consider setting a stop-loss at $0.315.
đ About $NTRN:
NTRN (Neutron) is an emerging project in the crypto space focused on delivering scalable and secure solutions for decentralized applications (DApps). Their platform is designed to enhance speed and efficiency across different blockchain networks.
đą DYOR, NFA
#Crypto $NTRN
đ Bitcoin stuck in BORING phase: What's next?
Wondering why Bitcoinâs price is stuck in a repetitive up-and-down pattern? Itâs because weâre in the âBORING PHASEâ that occurs before and after a Bitcoin halving event.
Historically, this phase lasts between 30 to 33 weeks before a significant price movement. In previous cycles, it was followed by strong parabolic moves leading to new all-time highs (ATH). If this pattern holds, the boring phase might end around September 2024, with October potentially shaping up to be a bullish âUP-tober.â
Looking at past cycles, Bitcoin prices surged by 2300% and 445% respectively. Based on these patterns, a conservative price estimate for the next ATH could range between $150,000 and $180,000. However, several factors could push Bitcoin to $250,000 or higher:
- A pro-crypto U.S. President could lead to positive regulations and increased liquidity
-The U.S. might adopt a Strategic Bitcoin Reserve, with other countries potentially following
- Russiaâs use of crypto for international trade and the possibility of BRICS countries implementing similar strategies
- Rumors of China potentially lifting its crypto ban could also impact the market.
Historically, Bitcoin reaches new ATHs 74 to 77 weeks after the halving. If history repeats, we might see the next ATH around September to October 2025.
Final Takeaway: The boring phase might seem uneventful, but itâs a crucial time to reassess your crypto holdings, consider adding more Bitcoin, and prepare for the exciting phase ahead. Once the parabolic move starts, itâll be all about Bitcoin, ATHs, and moon talk! đđđ°
Stay updated with @Mende and drop a follow!
#bitcoin #btc #bitcoinprice #halving #btcprice $BTC
{spot}(BTCUSDT)
A big thank you and huge shout out to everyone who has voted for me in the Binance Creator Awards so far.
Having more than 700 votes and being ranked in the top 70 feels incredible.
I started with Binance Square just 3 months ago and Iâve never expected so much support.
Every vote, every like, and every comment means the world to me and tells me that I am on the right track.
My vision remains untouched: Delivering free high-quality, unbiased, and unhyped content to help you make better decisions.
Much love for all your support and I am looking forward to our journey during the next months đ
Ben
PS: If you would like to support me, you can visit my profile (@ben__crypto23 ) and hit that like button đ
Hamster Kombat Airdrop: Eligibility Details
To get in on the Hamster airdrop, make sure youâre ticking all the boxes:
[SHOW some LOVE please VOTE Me](https://app.binance.com/uni-qr/cpro/imran_raii?l=en&r=104591637&uc=app_square_share_link&us=copylink)
1. Hold the Right Crypto:Keep a certain amount of the designated cryptocurrency, like HAM, in your wallet to qualify.
2.Stay Connected: Follow Hamsterâs official social media channelsâTwitter, Telegram, and more.
3. Join the Community:Become an active member of Hamsterâs community, whether itâs on Telegram, Discord, or other platforms.
4. Complete the Tasks: Donât forget to finish all the tasks assigned for full eligibility in the airdrop!#hamsterkombat24
$C98
{spot}(C98USDT)
{future}(C98USDT)
Potential in #C98/USDT with key levels
C98/USDT is showing strong bullish momentum, with the current price at $0.1239 after successfully breaking through several key resistance levels. The RSI stands at 61.75, indicating strong momentum but approaching overbought territory. The MACD displays a bullish signal with a positive histogram, although the signal lines are close, suggesting potential consolidation.
Bullish Scenario: If the price successfully breaks above the next resistance at around $0.1454, further upward movement could occur, with targets toward $0.1554. Traders should watch for a clear breakout accompanied by significant trading volume for further confirmation.
Bearish Scenario: Conversely, if the price faces rejection at this resistance area, it might retrace back to the nearest support around $0.1200 or lower to $0.1100. Traders should be cautious of any bearish divergence in momentum indicators that could trigger a deeper correction.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Cryptocurrency markets are highly volatile and may not be suitable for all investors. Always conduct your own research before making any investment decisions.
#MtGoxRepayments #6thTrade #Market_Update #BecomeCreator
BITCOIN AND CRYPTO PRICES
ARE BEING MANIPULATEDÂ đš
Â
LAST 7 DAYS PRICE ACTION OF
DIFFERENT ASSET CLASSES
Â
S&P500: UP
Â
NASDAQ: UP
Â
GOLD: UP
Â
BTC: DOWN
Â
THIS IS DESPITE BITCOIN ETFS
HAVING JUST ONE OUTFLOW DAY
SINCE 12TH AUGUST
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TRUMP WINNING ODDS IS ALSO
GOING UP, AND MICROSTRATEGY IS
PLANNING TO BUY $2B WORTH OF
BTC, BUT STILL BTC IS TRADING LIKE
THERE'S NO DEMAND.
Â
IF THESE THINGS ARE NOT BULLISH
ENOUGH, GLOBAL M2 MONEY
SUPPLY IS ALSO AT A NEW ATH.
Â
IN THE PAST 24 HOURS, 2 BILLION
USDT HAS BEEN MINTED.
Â
ALL THESE EVENTS ARE ENOUGH
TO PUSH BTC ABOVE $65K OR $70K,
BUT STILL BTC IS MOVING SIDEWAYS.Â
Â
EITHER A GROUP OF BIG ENTITIES
ARE ACCUMULATING SILENTLY BY
SUPRASSING THE BTC PRICE OR
THE BULL RUN IS OVER.
$BTC #BTC #MarketUpdate #Signal
{future}(BTCUSDT)