💵 The world's reserve currencies have been at the top of th | TopCryptoNews on Binance Square

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💵 The world's reserve currencies have been at the top of the financial pyramid for about 100 years
#BTC #Bitcoin 

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👤 CZ Speaks at Binance Blockchain Week Yesterday, the former head of Binance spoke at a conference in Dubai for the first time since his release from prison. 🔸 Key points from Changpeng Zhao's speech: Cryptocurrency has become a significant topic in the upcoming US elections, demonstrating increased public interest in digital assets. The EU's MiCA cryptocurrency regulation law could serve as a model for creating a global stablecoin regulatory system. Changpeng Zhao believes that global cryptocurrency regulation is moving in a positive direction. He noted positive changes in the attitude of policymakers around the world towards the crypto industry. CZ will not return to Binance even if the US government allows it. Zhao is now focused on investments, AI, and biotech.

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📊 Terra Classic Price Plunges 10%; What’s Next For #LUNC ? Terra Classic price shows resilience amid high burn rates, hinting at a potential bullish reversal for LUNC despite recent dips Terra Classic [LUNC] price has sparked fresh optimism within the crypto community following a bullish breakout from an ascending triangle pattern. This technical move suggests a potential rally, even as broader market corrections persist. Despite recent declines, LUNC has shown resilience, experiencing a temporary dip following recent token burns and single transaction activity. 🔸 Terra Classic Price Dips After a Massive Token Burn The Terra Classic price has seen significant activity recently, with 49,472.28 LUNC tokens burned in just the last hour through a single transaction. Today’s total burn count is substantial, amounting to 7,062,267.40 LUNC tokens. Of this total, 49,573.28 tokens were burned through direct transactions, while a larger portion, 7,012,694.12 tokens, was burned via tax mechanisms. In the past 24 hours, the burn rate reached an impressive 2,494%, reflecting intensified efforts in token reduction. This heightened burn activity indicates a proactive approach by the community to manage supply levels, aiming for a positive impact on the LUNC token’s market dynamics. 🔸 LUNC Price Dips with Bullish Hints Ahead The latest LUNC price has seen a notable shift, currently trading at $0.00008931, reflecting a 9.22% drop in the last 24 hours. Today, crypto markets are witnessing mixed reactions from investors, reflecting the continued ups and downs in prices The Moving Average Convergence Divergence (MACD) hints at mild bullish activity as the MACD line crosses slightly above the signal line. However, downward pressure persists, with the MACD histogram showing recent red bars, indicating selling momentum. Key support remains at $0.00008, with resistance levels projected near $0.0001 and $0.00013. If LUNC sustains this level of volatility, traders might see attempts to breach these key levels soon. #TerraClassic

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🔥 Solana’s Push to $200 Meets Heavy Resistance Hinting at a Reversal Solana’s (SOL) price has recently gained attention with its approach toward the $186 resistance mark, a level that previously triggered reversals. Despite SOL standing only 16% away from a potential run to $200, broader market signals suggest challenges ahead. Key indicators reveal SOL may be entering overbought territory, which historically leads to corrections, putting the rally at risk. 🔸 Solana Is Not Ready for a Rally Solana’s current market sentiment reflects caution, as the Chaikin Money Flow (CMF) indicator shows SOL above the 20.0 level—a point where inflows have typically peaked. Historically, reaching or surpassing this threshold signals that investors may begin pulling funds out, likely causing the price to decline. The elevated CMF suggests that Solana’s recent momentum could face resistance as more investors lock in profits. High inflows generally signal a demand spike, yet when they reach extreme levels, the trend often reverses. Given the current high inflow level, market sentiment indicates a risk of selling pressure that could hamper Solana’s ability to push toward $200. Solana’s macro momentum also shows signs of cooling off, with technical indicators like the Relative Strength Index (RSI) hitting the overbought level of 70.0. An overbought RSI often precedes corrections, as it signals that the bullish momentum may be overstretched. For Solana, this suggests that the rally could stall, especially as the altcoin approaches critical resistance. When the RSI moves above 70, it’s typically a red flag for investors, who may anticipate a pullback. Solana’s recent RSI spike hints that the asset’s uptrend may be approaching its limits. This could limit SOL’s chances of breaking through $186 and instead lead to a correction, particularly if broader market conditions turn bearish. #SOL #solana

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🇺🇸 US Treasury Department Releases 132-Page Report on Bitcoin and Cryptocurrencies – Here’s What You Need to Know in a Summary The U.S. Treasury Department has identified an increased demand for short-term government bonds linked to the rise of stablecoins, according to a newly published 132-page report. Prepared for the Treasury's Borrowing Advisory Committee, the report examines the impact of digital assets such as Bitcoin and stablecoins on the broader financial landscape. In the report, the Treasury noted that “growth in stablecoins has led to a modest increase in demand for short-term Treasury securities.” It acknowledged that the digital asset market, while still relatively small compared to traditional assets, has grown significantly in recent years. “Digital assets have witnessed rapid growth from a small base,” the Treasury Department said, noting that while this growth has not yet replaced demand for Treasury securities, it has affected the market in other ways. A notable example of this trend is Tether, the world’s largest stablecoin by market cap. Tether reportedly holds a significant portion of its reserves in U.S. Treasury bonds, with CEO Paolo Ardoino claiming the company owns more Treasury bonds than countries like the United Arab Emirates, Australia, and Spain. According to Treasury estimates, there is currently around $120 billion worth of stablecoin collateral invested in Treasurys, with Tether accounting for $81 billion of that total. As of now, the entire stablecoin market is valued at over $177 billion. Stablecoins play a crucial role in the digital asset ecosystem, mediating over 80% of all crypto transactions. Their stable value compared to other volatile crypto assets has made them a popular choice for traders looking for a reliable intermediary currency. Despite the positive impact stablecoins have had on the Treasury market, the report also pointed to potential challenges on the horizon. #BTC #Bitcoin

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