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#BinanceTournament Crypto market loses $400 million to liquidations as US policy meeting sparks sell-offs The crypto industry lost $400 million to liquidation in two days following an important policy meeting, the Federal Open Market Committee (FOMC) held yesterday, which sparked frantic sell-offs. The Federal Open Market Committee is an offshoot of the Federal Reserve and they decided in the meeting to keep interest rates steady. The meeting outcome had a solidifying effect on the crypto industry triggering liquidations and affecting prices of major crypto assets. The price of bitcoin dropped from $70,000 to $66,000 and other altcoins also witnessed a sharp drop in price as a result of the meeting.
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US: Joe Biden is also entering the cryptocurrency election race. In just 2 weeks, the SEC has changed its mind and is now in favor of an ETH ETF. It is a completely unprecedented situation, which means it's entirely political Haseeb (Dragonfly) : Biden is going to soften on crypto going into the election. He doesn't want to lose votes in a tight race for the presidency. Not a total reversal, mind you... but Biden will soften enough that he won't lose the crypto vote wholesale. President Joe Biden could score a win via the SEC approving spot ether ETFs.
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Scammers have kicked off over 35 streams with fake crypto giveaways pretending to be from Elon Musk. This huge scam campaign hit YouTube right around the time of SpaceX Starship's latest test flight. These scammers continue to exploit the excitement around cryptocurrencies and the trust in influential figures like Elon Musk even using AI to fake his voice in one of their videos on youtube. Staying informed and cautious is the best defense against falling victim to these deceptive schemes #AirdropGuide
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Elizabeth Stark of Lightning Labs speaks on Bitcoin Democratizing Access to Global Free Money Elizabeth Stark, the co-founder and CEO of Lightning Labs, has been a prominent advocate for Bitcoin and its potential to revolutionize the financial system. She frequently emphasizes Bitcoin's role in providing equal, democratized access to a form of global, open-source, and free money. Elizabeth Stark envisions a world where Bitcoin serves as the foundation for a decentralized, inclusive, and fair financial system. She advocates for the continuous development and adoption of Bitcoin and the Lightning Network to ensure that everyone, regardless of their location or economic status, can benefit from the advantages of decentralized digital money. By promoting equal democratized access to Bitcoin, Stark believes that the financial system can be transformed to be more inclusive, transparent, and equitable, providing opportunities and financial empowerment to billions of people worldwide. #BTC☀ #bitcoin #Write2Earn
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