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PUMP AND DUMP SCAM: MY PERSONAL EXPERIENCE AND WARNING TO CRYPTO INVESTORS ‼️‼️‼️‼️‼️🚨🚨🚨🚨🚨🚨 I unwittingly joined a Telegram group involved in a pump and dump scam towards the end of the last bull run. As the market approached its peak, I noticed obscure coins experiencing sudden and drastic price increases of up to 500% in mere minutes, only to plummet hours later. With no apparent news or project developments driving these pumps, I suspected manipulation. Research led me to discover the reality of pump and dump schemes in crypto. I found a group and joined, receiving an update on an upcoming pump and dump event, including the coin, timing, and exchange. On the designated day, the group executed their plan, buying en masse and causing the coin's price to skyrocket. Unwary investors fell victim to FOMO, buying into the scam. I believe exchanges should temporarily halt withdrawals when coins experience suspicious and rapid price increases to protect users. Binance took similar action with Drep in 2021, safeguarding many investors. Stay tuned for more insights on how scams operate and how to avoid them in this bull run. #Write2Earn! #BinanceTurns7 #BTC_Bounce_Back_to_57k #Marketsentimentstoday #Warnig⚠️⚠️
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BREAKING NEWS ‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️ Bitcoin Awaits CPI Data as Jerome Powell Signals Caution on Interest Rate Cuts ⛔⛔⛔⛔ Federal Reserve Chair Jerome Powell's testimony to the Senate Banking Committee has sparked a brief reaction in Bitcoin's price, which tested the $58,000 range before retracting to the $57,000 range. Powell emphasized the need for caution and more data before cutting interest rates, citing the importance of achieving sustainable inflation reduction. The upcoming Consumer Price Index (CPI) data on July 11 is expected to significantly impact Bitcoin's price movement. Analysts predict a decrease in inflation to 3.1%, which could positively influence BTC prices. Despite the cautious stance, technical indicators suggest Bitcoin is attempting a recovery, with the Relative Strength Index (RSI) showing higher lows and the $54,450 support holding. Analysts like Rekt Capital and Keith Alan remain optimistic about Bitcoin's stability and potential recovery. DYOR / NFA $BTC $BNB $SOL #Bitcoin❗ #Write2Earn! #BTC_Bounce_Back_to_57k #US_Job_Market_Slowdown #BinanceTurns7
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‼️‼️DEATON TACKLES REGULATORY CAPTURE, UNVEILS GROUNDBREAKING SENATE BILLS‼️‼️ Pro-XRP lawyer John E Deaton has made headlines across the crypto industry with his recent post on X. On July 9, Deaton revealed the focus of his initial Senate Bills, aiming to tackle regulatory capture within the U.S. Securities and Exchange Commission (SEC). Deaton's concerns align with those of Elon Musk, highlighting the issue of regulators transitioning into industry roles. Despite challenging Senator Elizabeth Warren, Deaton has been vocal about this issue. Deaton's Senate Bills will prioritize congressional term limits and impose a 3-5 year statutory bar, preventing regulators and lawyers from working in the same industry they regulated. This means individuals like the FDA Chairman cannot sit on the board of companies like Pfizer. The XRP lawsuit between Ripple Labs and the SEC is ongoing, with a final conclusion awaited by July 31. #Write2Earn! #BTC_Bounce_Back_to_57k #SOFR_Spike #BinanceTurns7
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‼️‼️‼️ATTENTION‼️‼️‼️ ⚠️⚠️⚠️READ WELL⚠️⚠️⚠️ Market Update: Momentum Building To those concerned about the bull market, please take note. Large crypto assets have been experiencing consistent price drops, with even a slight Bitcoin price movement leading to significant daily declines in other assets like WIF, PEPE, and PEOPLE. This volatility indicates building momentum. During each price drop or sideways movement, liquidity increases, creating potential for a bigger price surge. Assets still in the red zone since the last bullish run in January are poised to lead the market into the green zone starting next week. In the next few hours, expect significant price swings, including both pumps and dumps. WIF, for instance, may drop to $1.1, paving the way for a potential rally to its all-time high (ATH) of $10. As we transition from a bear to a bull market, it's essential to manage profits and minimize losses. Prepare for an exciting market ahead. #Write2Earn! #SOFR_Spike #BinanceTurns7
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Whale Moves $3.8M in PENDLE to Binance: Market Impact? A prominent crypto investor has transferred $3.8 million worth of PENDLE tokens to Binance, generating interest in the market. The transaction involved 1.1 million PENDLE tokens, according to Lookonchain. The investor still holds 1 million PENDLE tokens, valued at approximately $3.5 million. This investor has been actively accumulating PENDLE tokens since February 2023, with a total holding of 3.44 million tokens at an average price of $0.32 per token. Large transactions like this can impact prices and investor sentiment, making them noteworthy. The investor's strategy has yielded significant gains, with PENDLE's price rising from $0.92 to an all-time high of $7.50 in April 2024, currently trading at $3.54. This growth has attracted attention from investors like Daan Crypto, who is closely monitoring PENDLE's price action. Pendle Finance, the protocol behind PENDLE, offers a unique DeFi solution by dividing tokens into Principal Tokens and Yield Tokens, allowing users to trade while earning yields. Despite recent market fluctuations, including a 40% drop in TVL due to expirations, Pendle's TVL remains robust at $3.66 billion, a 1,141% increase year-to-date. This growth has earned Pendle recognition, with industry leaders like Arthur Hayes praising it as a promising DeFi innovation. #Write2Earn! #US_Job_Market_Slowdown #BTC_Bounce_Back_to_57k #MtGoxJulyRepayments
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