The Securities and Exchange Commission’s (SEC) latest decision wasn’t enough to hold back the foremost cryptocurrency, Bitcoin The cryptocurrency crossed $38,000 even on the back of the SEC’s move to delay two Spot Bitcoin ETFs. SEC Delays Templeton And Hashdex Bitcoin Spot ETFOn November 28, the SEC delayed its decision on Templeton and Hashdex’s Spot Bitcoin ETF application. As part of the announcement, the Commission also invited comments on what has been its major concern up till now: the issue of fraud and manipulation and whether or not the surveillance agreements in place can help curb that.  Despite this development, the crypto market seemed unperturbed as Bitcoin crossed $38,000, and altcoins also posted some gains. This would come as a surprise to many, considering that the latest momentum in the market has been attributed majorly to the possibility of a Spot Bitcoin ETF approval.A plausible explanation could be the fact that investors are certain that approval is imminent, irrespective of the actions of the Commission. This is evident in the fact that institutional money keeps flowing into the crypto market. CoinShare’s latest report showed that the crypto market, last week, saw its largest weekly inflow since late 2021. Meanwhile, the SEC’s latest delay is an interesting one, considering that a decision on both applications wasn’t due until January 1, 2024. This has led to several speculations as to whether or not this move still means that approval is on the horizon. SEC’s Latest Delay May Be A Good SignIn a post shared on his X (formerly Twitter) platform, Bloomberg analyst James Seyffart questioned the SEC’s actions and what it could mean for a potential approval. He reasoned that the SEC’s decision could be setting things up for a “full wave of approvals” in early January. The analyst had previously put the likelihood of an approval in January 2024 at 90%.  He further stated that the delay on Hashdex’s application (Hashdex’s announcement came shortly after Templeton’s) confirmed his reasoning. He believes that the SEC is moving to set up all applicants for potential approval by January 10, 2024. He quickly noted that these approvals would be for the 19b-4 and didn’t necessarily mean an immediate launch. Scott Johnsson, a notable attorney from Davis Polk, also shared the same sentiments as Seyffart. He stated that the SEC might have chosen to delay these applications early so that the comment period could end before January 10, 2024. That way, they can approve all applications at the same time. #SECDecisionDelay #BinanceTournament #Cosmos #XRPUpdate #XRPInvestment $XRP $BTC $BNB

 The popular cryptocurrency analyst #AliMartinez shared an interesting analysis of the increased activity of large $XRP whales recently, which could indicate the beginning of a significant upturn for #XRP to hit the coveted $1 price.According to Ali, on-chain data for XRP shows that #Whales have acquired around 11 million XRP tokens in the last week, valued at approximately $6.82 million.These significant purchases by whales and relevant holders of the #Ripple native token could suggest growing confidence in the project and its potential for future appreciation as the future of the #SEC lawsuit approaches.Additionally, it’s worth noting that XRP is trading at $0.6126, 84% below its historical high of $3.84, which was reached on January 4, 2018, according to CoinMarketCap data.Is XRP gearing up for a massive rally?Several analysts are predicting an XRP rally to $1 this December. While some are more cautious in their analyses, all agree that the XRP rally is closer than it seems.   For instance, cryptocurrency trader Be’lakor pointed out on Twitter that XRP appears to be forming a flag pattern, with a price target of $0.90, coinciding with a Fibonacci resistance.However, Be’lakor cautioned that XRP must first reclaim the $0.67 level to validate this bullish formation. A level that doesn’t seem too challenging to recover, considering the institutional interest in holding the fifth cryptocurrency by market capitalization.On the other hand, analyst EGRAG CRYPTO highlighted a significant support level around $0.50, which held up despite recent negative news regarding the possible arrest of Changpeng Zhao and the astronomical $4.3 billion fine imposed on Binance for violating money laundering laws in the U.S. According to EGRAG, a mega price surge may be on the horizon, validating Be’lakor’s prediction.Another of the more sensational predictions, bordering on almost impossible given current regulations, comes from Edward Farina, Head of Social Adoption at XRP Healthcare. He asserted that XRP could skyrocket to $10,000 if Ripple’s payment network, RippleNet, replaces the SWIFT system for cross-border bank transfers.He reasons that SWIFT handles hundreds of trillions of dollars globally. Therefore, even if a small fraction of that activity shifts to RippleNet using XRP, it could potentially send XRP to the moon based on the principles of supply and demand. Will this happen in the future, or is it another crypto enthusiast’s fallacy?$XRP $BTC

Positive events have come for #Solana📈🚀🌐 (SOL), the high-performance #blockchain network, indicating bullish momentum. In the last month, the price of Solana has risen by 84%, and is currently trading at $56.With gains of 18 out of the previous 30 days and price volatility of 22.32%, Solana is still a force to reckon with. In that span of time, #SOL’s price surged by a staggering 78%, from $32 to $57.The ecosystem is much more excited now that Binance has listed #BONKUSDT , a meme coin based in Solana. Further evidence of Solana’s commitment to the arts is the creation of Artists in Residence, a bustling studio that showcases the variety of art forms involved in the projectBluntz, a well-known pseudonymous #cryptocurrency expert, has shared an intriguing forecast for Solana (SOL), predicting a strong rebound and an upward trend for the virtual asset.Bluntz recently stated in a YouTube presentation that Solana’s native cryptocurrency, SOL, which is a strong competitor to Ethereum (ETH), has a potential to hit the $80 level.Based on his research, Solana looks to be about to experience a significant uptick, indicating possible buying opportunities as it stands as a formidable Ethereum substitute in the cryptocurrency market.The Elliott Wave theory, a popular technical analysis approach in trading that Ralph Nelson Elliott created in the 1930s, is the main focus of Bluntz’s analysis.Elliott Wave theory states that price movements in financial markets typically follow a natural rhythm that consists of five waves that follow the trend and three waves that correct it.Bluntz said that Solana has effectively passed through its corrective phase—a pivotal point that suggests there may be a big upswing.His analysis indicates that this pattern marks the end of Solana’s declining price trend and the beginning of a new growing phase for the cryptocurrency.$BTC $ETH $SOL

AI's potential to be more than just another tech advancement, posing risks we can't ignore.#VitalikButerin , the co-founder of Ethereum, has issued a stark warning about #Artificial_Intelligence (AI). He’s not grouping #AI with usual tech advancements like smartphones or social media. Instead, #Buterin places AI in a category of its own due to its potential to revolutionize society (much like the printing press or the wheel did). The twist? AI might outsmart us all, potentially becoming the dominant force on Earth. It's a leap into uncharted territory.The threat of superintelligent AIButerin’s concerns extend beyond typical tech fears. He cautions that a superintelligent AI could perceive humans as a threat, leading to catastrophic outcomes. And it’s not a distant future issue – AI is advancing rapidly. While we’d ideally want these superintelligent beings to be our allies, programming them to coexist with humans safely is a challenge we haven’t yet solve. This might sound like sci-fi, but it’s a topic being taken seriously in tech circles. Rob Bensinger from MIRI illustrates diverse opinions on the AI threat level. In a striking revelation, a 2022 survey among machine learning experts suggested a 5-10% chance of AI leading to human extinction. Despite sounding speculative, these concerns have been around for over a decade and warrant attention.Envisioning the future with AIButerin also invites us to consider what life would be like in a world ruled by AI. He refers to Iain Banks's Culture series, where humans coexist with powerful AIs. This imagined future offers longevity, health, and entertainment, but at a potential cost – humans may not be in control. This prompts a crucial question about our future coexistence with AI: Will we be partners, or merely passengers in a world driven by machine intelligence?

#BinanceCEO Richard Teng, flanked by sports icons Khabib and Ronaldo at the Abu Dhabi Grand Prix, ignites buzz about potential collaboration. The Formula 1 Grand Prix in Abu Dhabi not only showcased high-speed racing but also brought together unexpected faces. #RichardTeng , the new CEO of #Binance , was spotted alongside mixed martial arts legend Khabib Nurmagomedov and soccer icon Ronaldo.In line with the contemporary sports scene, crypto company logos, including Binance's, were prominently featured on advertising banners. The interaction between Teng and the sports legends immediately fueled speculation on social media about a potential collaboration between the crypto exchange giant and the two athletes.Binance has a history of such partnerships. Under the previous CEO, #Changpeng.Zhao , the exchange joined forces with #Cristiano Ronaldo, resulting in the creation of exclusive NFT collections. These collaborations went beyond the digital realm, offering fans unique experiences like training sessions with the soccer star.Black-and-yellow chessTeng took the helm at Binance less than a week ago, succeeding Zhao, who stepped down as part of a deal with the U.S. Department of Justice. Despite the brief duration, Teng has made significant announcements, emphasizing the commitment to user fund protection and expressing plans to expand partnerships in the Web3 sphere.The question on everyone's mind now is whether the meeting between Binance's new CEO and the sports legends hints at another significant partnership at the intersection of cryptocurrency and sports. Only time will reveal the true nature of this unexpected gathering amid the roar of engines and flashing lights of the Grand Prix.$BTC $ETH $BNB

Bitcoin price is still struggling to settle above $38,000. BTC is showing a few bearish signs and might decline below the $37,150 support.Bitcoin is still facing heavy resistance near the $37,750 resistance.The price is trading below $37,500 and the 100 hourly Simple moving average.There is a connecting bearish trend line forming with resistance near $37,450 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair could continue to move down if it breaks the $37,150 support.Bitcoin Price Signals Downside CorrectionBitcoin price made another attempt to surpass the $37,750 resistance. BTC spiked above the $37,750 and $38,000 resistance levels. However, it failed to stay above the $38,000 level.A high was formed near $38,432 and the price reacted to the downside. There was a move below the $38,000 and $37,750 levels. A low is formed near $37,151 and the price is now consolidating losses. It is showing bearish signs below the 23.6% Fib retracement level of the recent decline from the $38,432 swing high to the $37,151 low.Bitcoin is now trading below $37,500 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $37,400 level. There is also a connecting bearish trend line forming with resistance near $37,450 on the hourly chart of the BTC/USD pair.The first major resistance is forming near $37,750. The main resistance is now near the $38,000 level or the 61.8% Fib retracement level of the recent decline from the $38,432 swing high to the $37,151 low. A close above the $38,000 resistance might start a strong increase.The next key resistance could be near $38,500, above which BTC could rise and test the $39,200 level. In the stated case, it could even rally toward the $40,000 resistance.More Losses In BTC?If Bitcoin fails to rise above the $38,000 resistance zone, it could start a fresh decline. Immediate support on the downside is nearThe next major support is $36,700. If there is a move below $36,700, there is a risk of more downsides. In the stated case, the price could drop toward the $36,000 support in the near term. The next key support or target could be $35,650.Technical indicators:Hourly MACD – The MACD is now gaining pace in the bearish zone.Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.Major Support Levels – $37,150, followed by $36,700.Major Resistance Levels – $37,750, $38,000, and $38,500.#BTC #RichardTeng $BTC $BNB

What u know about CZ?A Scam or a God?$XRP $BNB $BTC #RichardTeng #BinanceCEO #BinanceSquareAnalysis

Jim Cramer, host of CNBC's "Mad Money," has shifted his view on Bitcoin, now advocating for it as it achieves an 18-month high.After a year of advising against Bitcoin, Cramer's change to bullishness raises questions among investors and market analysts.Cramer's new support for BTC coincides with its significant price surge, with investors reacting skeptically to his flip-flopping stance.Jim Cramer, the host of CNBC’s “Mad Money,” has reversed his stance on Bitcoin, advocating for it as it reaches an 18-month high.This change in opinion comes after a year of Cramer emphatically advising against Bitcoin. Consequently, leaving investors and market watchers to ponder the implications of his newfound bullishness.Cramer Turns Bullish on BTCMad Money’s Jim Cramer, known for his dynamic and often fluctuating views on financial products, stated that he had previously believed “the money had been made” in Bitcoin. However, he now admits this judgment was premature.“Look, if you like Bitcoin, buy Bitcoin. That has always been my view. And for a while, I liked it, and I decided that money had been made, but I was premature,” Cramer said.His renewed support for Bitcoin aligns with the cryptocurrency’s recent surge. #BTC soared above $38,000 for the first time in a year and a half, marking a 10% increase last month.The crypto and finance communities, often critical of Cramer’s shifting opinions, have raised eyebrows at this latest turn. Some investors humorously suggest that taking a stance opposite to Cramer’s advice could be a wise financial move.This sentiment even led to proposals for “Inverse Cramer ETFs” to the SEC, which based investments contrary to Cramer’s guidance. With Cramer’s renewed confidence in Bitcoin, some social media voices in the crypto market speculate that this might signal a potential downturn, potentially erasing recent gains.Is It Time to Sell Bitcoin?While some suggest it is time to sell Bitcoin after Cramer’s endorsement, several crypto experts beg to differ. For instance, Tone Vays, a trading veteran, sees no immediate resistance for the price of Bitcoin.“I don’t see any resistance. [Still,] according to the Fibonacci levels we do have resistance at $48,000 – $49,000 which is interesting because it’s just below that $50,000 round number. I know I have been saying that $41,000 – $42,000 is an area of reversal, but I think we can blow through that,” Vays said.Likewise, Ali Martinez, BeInCrypto’s Global Head of News, pointed out that Bitcoin built a strong support barrier between $25,000 and $30,000. Like Vays, Martinez emphasized that the only critical resistance levels are now at $38,440 and $47,360.Jacob Canfield, a renowned crypto trader, also shared a similar view, suggesting that Bitcoin, Ethereum, and altcoins have more room to go up before the market faces a significant correction.“My playbook: First BTC to $48,700. Then ETH to $3,350. Then altcoins party for 14 days. Then sell everything to USD. Buy the 40% dip on Bitcoin and alts,” Canfield said.Finally, Thomas Lee, Head of Research at Fundstrat, interprets the current trends as positive signs for December, indicating a “risk on” environment.“The positive seasonals are working, and that is a risk on environment. I think the move on Bitcoin, which made a new high for the year, is another sign of risk on. I think for now it’s all good signs for December,” Lee added.Despite Cramer’s latest endorsement, Bitcoin may have more legs to go up before the next important move.#CZBNB #CryptoMovement #RichardTeng $BTC $ETH $BNB

Crypto analyst ionicXBT advises his substantial social media following against treating crypto trading as a job.The analyst argues that the mindset for crypto trading needs a shift, cautioning its pitfalls if it remains the same.He emphasizes the importance of treating trading as a business, where success is contingent on effect.“If you come into trading with this same mindset, you are WRONG,” he stated.Mindset For Crypto Trading Must Change, According to AnalystIn a post on X (formerly Twitter), crypto analyst ionicXBT explained to his followers why they should change their mindset when it comes to trading crypto, warning that it should not be viewed as a job.“Here’s why: Trading is a Business. When trading, you don’t get paid for time. You get paid for: – Trading decisions you make – The actions and processes you follow – How well you manage your risk – How well you maintain emotionalHe advices his followers, “instead of spending more time trading, spend more time polishing the above aspects.”Moreover, he emphasizes that there is no overtime pay or salary involved, indicating that the responsibility to profit or incur losses rests solely on the investor.#BTC #Blast #Onchain #RichardTeng #etf $BTC $ETH $BNB

The ECB President Christine Lagarde revealed that her son has lost about 60% of his investments in cryptocurrencies.Lagarde asserted that though her son disregarded his warnings against crypto, he realized its risky nature in the end.Analysing Lagarde’s previous comments on cryptocurrencies reinforces her anti-crypto stance.The European Central Bank (ECB) President Christine Lagarde reinforced her anti-crypto stance, illustrating her son’s losses in crypto investments. During a meeting with students in Frankfurt, Lagarde revealed that her son has lost “almost all” of his crypto investments, as he “ignored” her warnings against crypto.Christine Lagarde could be regarded as one of the biggest critics of cryptocurrencies, considering her anti-crypto notions and comments. In May 2022, Lagarde asserted that cryptocurrencies are “worth nothing” as the assets are “based on nothing.” It was under her leadership that the European Central Bank initiated its venture to launch Europe’s CBDC (Central Bank Digital Currency), Digital Euro, as a way to challenge the expanding dominance of virtual assets.Talking about her son’s failure in crypto investments, Lagarde said that though the loss wasn’t severe, he lost about 60% of his investments. She added that though he disregarded her caution against digital assets in the beginning, he realized the risky nature of cryptocurrencies following his losses, as she cited, “He reluctantly accepted that I was right.” Lagarde added,I have, as you can tell, a very low opinion of cryptos. People are free to invest their money where they want, people are free to speculate as much as they want, (but) people should not be free to participate in criminally sanctioned trade and businesses.In 2021, Lagarde shared her strong opposition to Bitcoin’s dominance, arguing that the central banks are less likely to adopt Bitcoins in the near future. Though the ECB President considered the introduction of CBDCs could confront the growing popularity of cryptocurrencies, the bank hasn’t proceeded with the further steps of realizing the digital euro as an alternative entity to cryptocurrencies. ECB cited, “After two years, the Governing Council will decide whether to move to the next stage of preparations, to pave the way for the possible future issuance and roll-out of a digital euro.#RichardTeng #BTC #Onchain #etf