Top Trader Eugene: Altcoin such as IO, SAGA and FTM break th | Kun Lee sur Binance Square

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Top Trader Eugene: Altcoin such as IO, SAGA and FTM break through range lows
On September 17, top trader Eugene Ng Ah Sio responded on a social media platform that Altcoins such as IO, SAGA, and FTM have broken through their range lows.
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Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Peut inclure du contenu sponsorisé. Consultez les CG.

FTM

0,5725

+10.60%

IO

1,923

+12.78%

SAGA

1,9421

+28.43%

1.3k

0

Réponses 0

citation(s) 1

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Chainalysis: Rising premium index drives growth in South Korea’s crypto market According to a recent report by Chainalysis, the cryptocurrency market in South Korea is showing a growth trend, mainly driven by the rise in the Korea Premium Index. The report emphasizes that the country's local demand, institutional trading, and unique market conditions are leading to higher cryptocurrency prices on local exchanges compared to the global average. The Korea Premium Index measures the price difference between cryptocurrencies such as BTC, ETH, and Altcoins on South Korean exchanges and the global market. Chainalysis' report indicates that this index has risen significantly, reflecting the "extent to which South Korean traders are paying above-market prices for digital assets." During periods of market uncertainty and volatility, this premium is at its highest historical level, prompting retail and institutional investors to seize the opportunity for potential gains. The report further highlights that "South Koreans frequently use local exchanges" for fund management, and the amount transferred from local exchanges to global exchanges is "highly correlated" with the premium. $BTC $ETH $BNB

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In the past 24 hours, the entire network has liquidated $133 million, both long and short positions have exploded According to Coinglass data, the total network liquidation in the past 24 hours was $133 million, of which $54.17 million was long position liquidation and $79.26 million was short position liquidation. $BTC $ETH $BNB

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U.S. House of Representatives members wrote to the SEC chairman asking him to clarify his handling of cryptocurrency airdrops PANews reported on September 18 that, according to The Block, U.S. House Financial Services Committee Chairman Patrick McHenry and House Majority Whip Tom Emmer wrote to U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler, requesting clarification on the SEC's handling of cryptocurrency airdrops. The two Republican lawmakers accused the SEC of "suppressing the market" on the issue of cryptocurrency airdrops, and stated that this approach hinders opportunities for U.S. citizens to participate in the development of blockchain technology. The letter raised questions, including how the SEC distinguishes airdrops from airline miles or credit card rewards. The lawmakers requested a response from Gensler by September 30. $BTC $ETH $BNB

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Chainalysis: Rising premium index drives growth in South Korea’s crypto market According to a recent report by Chainalysis, the cryptocurrency market in South Korea is showing a growth trend, mainly driven by the rise in the Korea Premium Index. The report emphasizes that the country's local demand, institutional trading, and unique market conditions are leading to higher cryptocurrency prices on local exchanges compared to the global average. The Korea Premium Index measures the price difference between cryptocurrencies such as BTC, ETH, and Altcoins on South Korean exchanges and the global market. Chainalysis' report indicates that this index has risen significantly, reflecting "the extent to which Korean traders are paying above-market prices for digital assets." During periods of market uncertainty and volatility, this premium is at its highest historical level, prompting retail and institutional investors to seize the opportunity for potential gains. The report further highlights that "Koreans frequently use local exchanges" for fund management, and the amount transferred from local exchanges to global exchanges is "highly correlated" with the premium. $BTC $ETH $BNB

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