After the halving, it is possible that a violent correction could occur in the market and that BTC falls to $58,000. But the majority of altcoins will lose up to -50% and more; you will then have to have a mind of steel to endure this. 🥱🙃
$🚨 - HONG KONG APPROVES REQUEST TO CREATE A SPOT BITCOIN & ETHEREUM ETF 🇭🇰
Bitcoin ETF: Hong Kong approval could attract billions of dollars!
Hong Kong, the global financial hub, is preparing to greenlight the first Bitcoin ETFs. According to experts, this decision could lead to a wave of massive investments from Chinese investors. Let's explore the reasons for this craze and the implications for the crypto market.
The appeal of Bitcoin ETFs for Chinese investors
First of all, the approval of Bitcoin ETFs in Hong Kong is of great importance for Chinese investors. Indeed, the Southbound Stock Connect program allows Chinese investors to access stocks listed on the Hong Kong Stock Exchange. It offers a privileged investment channel.
Thus, Bitcoin ETFs could attract up to HK$200 billion from Chinese investors, according to Matrixport estimates. This opportunity represents a real springboard for Chinese investors wishing to diversify their portfolio into alternative assets. The craze for gold on the Shanghai Stock Exchange is a perfect testimony.$BTC $ETH $BNB #Binance#SEC#BTC#ETH
$BTC #Binance Why did Bitcoin and Altcoins Crash ?
The last 24 hours were brutal for the crypto market as BTC crashed below $60k while alts crashed 30%–50%.
The primary reason behind this crash was the Iran drone attack on Israel.
During a war, commodities like oil and gold rise in value, which results in high inflation.
High inflation means no rate cuts, which is bearish for stocks and crypto.
This is why crypto sold off heavily yesterday, as people anticipated that this war could lead to high inflation, which would result in no rate cuts.
Once BTC and alts started crashing, those who had high leverage positions open started getting liquidated, which resulted in more forced selling.
Something similar happened during Covid in March 2020, Russia Ukraine war when the market panic sold and then rebounded within a month
As per some media sites, Iran already made their allies aware in advance
This means that the cartel were already ready for this dump
They just waited till the weekend as there was low volume and then crashed the market
After market started panic selling, they bought the dip as usual which resulted in a quick bounce
The lesson here is to avoid leveraged trades and keep your portfolio in spot. This is the best way to maximize your gains while keeping your risks to a minimum.
Right now, BTC is trading above $63k with a strong support at $60k level
If $60k level don't hold, there is a strong support level at $56k - $58k where most of the new whales (ETF buyers) have bought their BTC
Keep in mind that after every black swan event, the crypto market has witnessed parabolic runs and the same will happen this time too
BREAKING‼️ Bitcoin plunges $60,000 in minutes after reports of Iran launching up to 100 drones towards Israel in retaliation for their embassy being bombed by Israel earlier this month.$BTC #Binance
🇦🇷🇺🇸 | President Javier Milei (@JMilei) meeting with Elon Musk (@elonmusk) at the Tesla Gigafactory in Texas, United States.
💡Find out what they talked about:
President Javier Milei met with Elon Musk, co-founder and CEO of Tesla, after visiting the company's plant in Austin, Texas.
They agreed on the importance of freeing markets and defending freedom. They talked about the need to eliminate bureaucratic obstacles to attract investors and promote technological development.
Musk stressed the importance of increasing the birth rate to prevent the decline of civilization.
Collaboration was offered in the conflict of social network X in Brazil. Both agreed to hold an event in Argentina to promote the ideas of freedom and business development.
Visit our profile, read our bio and if you identify, follow us!
#Bitcoin$BTC 🚨This mistake made him lose 1 Million dollars in a few hours🤯, here is the story of an investor👇
Tonight at 1 a.m., @cryptonerd75 goes to Binance to check a position he had
This position represented 1.15M dollars, or his entire capital💸
All placed on a trade with a leverage of x3, on a shitcoin, called PEPE
The use of levers is strongly discouraged for the most novice❌
Because the movements are multiplied📉📉
In this case, with a leverage x3, it was enough for the PEPE to lose 33.33% for its position to be liquidated
And let him lose EVERYTHING!😳
And this is what unfortunately happened last night, PEPE followed Bitcoin and lost more than 30% in a few hours 📉
➡️As you can imagine, his position was liquidated and his million dollars vanished!💸
💎What mistakes did he make? 🔸 Poor management of capital: 👉Invest all of your capital without keeping anything to live on❌
🔸 Poor risk management 👉Open a position with more than 5% of your capital❌ 👉Having such great confidence in a shitcoin❌ 🔸 Poor diversification 👉Focus on a single asset❌ 🔸 Use of leverage, without prior knowledge
Today he finds himself with $0 in his pocket, nothing left to live on
👉But above all he finds himself at the bottom of the abyss I quote: “I want to kill myself”
He had been on the Crypto market since 2017, showing that seniority does not necessarily mean expertise❌
Today I wish him to get through it and get back up stronger. But above all to learn from these mistakes
And start learning more 📈
Good luck to him!
🟢Subscribe if you want to learn how to not make the same mistakes as him 🚀
#Bitcoin#Binance$BTC $USDC PAYPAL REVOLUTIONIZES CROSS-BORDER TRANSFERS WITH ITS CRYPTO
In a bold move that merges the efficiency of traditional finance with the innovation of blockchain technology, PayPal is breaking new ground in cross-border money transfers. Its US users can now use the stablecoin PayPal USD (PYUSD), its dollar-backed crypto, to fund international transfers without incurring transaction fees through the Xoom service.
Paypal revolutionizes cross-border transfers with its crypto PayPal introduces transfers via its crypto PayPal today announced a major innovation which should allow its users in the United States, with the exception of those residing in Hawaii, to use its crypto, PYUSD, to finance their international transfers. This new feature is made possible by PayPal's Xoom service, which now offers transfers without transaction fees to more than 160 countries.
The impact of this initiative is significant, especially in the current context where the costs of international money transfers remain high. By eliminating Xoom transaction fees for PYUSD-funded transfers, PayPal provides a more economical alternative for its users and effectively reduces the overall cost of sending money across borders.
What trajectory for cross-border payments? The advancement has sparked keen interest among financial experts and blockchain enthusiasts, who see it as a giant step toward merging the worlds of traditional finance and crypto.
THE INFORMATION THAT IS CURRENTLY FRIGHTENING CEXS❗❗❗
Bypassing the KYC procedures of exchanges with AI-generated identification...Coin Center warns against a new AI site "OnlyFake" creating highly realistic fake IDs for just $15.404 Media confirms the effectiveness of these AI-generated fakes by successfully passing the KYC process of OKX.These documents are visually convincing. The inclusion of realistic backgrounds in the identity images adds an extra layer of authenticity.
$BTC ⚖️ On February 5, a trial will begin that could play a big role in the future of #Bitcoin
The UK High Court will have to judge whether Craig Wright is the creator of Bitcoin, Satoshi Nakamoto.
The case is brought by the Crypto Open Patent Alliance (COPA), a nonprofit consortium of crypto and technology companies, in response to a series of lawsuits filed by Wright against Bitcoin developers.
The verdict will have direct implications in that Wright could prevent developers from working on Bitcoin if he is named as its creator.
“The stakes are very high,” says a representative of the Bitcoin Legal Defense Fund.
If a UK court decides that Wright is Nakamoto, then it is likely that he will be considered as such by courts around the world.
$BTC #BTC🔥🔥 🔴 Ripple was hacked of approximately 213 million XRP ($112.5 million), according to anonymous crypto investigator ZachXBT. Ripple co-founder Chris Larsen says there was unauthorized access to his personal XRP accounts yesterday and that this is an isolated incident.
💥 The Fed leaves its interest rates unchanged at 5.50%.
💥 New York Community Bancorp collapses 36% at the opening of Wall Street.
💥 Elon Musk left bitcoin on Tesla's balance sheet - the company holds $435 million worth of BTC. ⚡️
💥 Moreover, the Court of the State of Delaware canceled the payment of $55 billion to Elon Musk for having led Tesla.
💥 PayPal will lay off 9% of its employees to optimize costs.
💥 According to this study, hackers stole the equivalent of $126 million in crypto in January alone.
💥 FTX plans to refund all customers in full, and that’s it. 🪙
💥 Hong Kong authorities are investigating the activities of crypto project Worldcoin. 👀
💥 Jack Dorsey's Block company will lay off 1,000 employees.
💥 UK authorities have seized 61,000 BTC from a major Chinese scam scheme.
Looks like BlackRock met with the SEC's Trading & Markets division again yesterday and gave presented them with a "revised" in-kind model design based on Staff's comments at their 11/20 meeting.. h/t @btcNLNico here's full doc: sec.gov/comments/sr-na…
Here's the original vs revised in-kind model, look like the new thing is STEP 4, which is the offshore entity market maker getting bitcoin from Coinbase and then pre-paying in cash to the US registered broker dealer (who is not allowed to touch bitcoin).$BTC
$BNB #⚖️ 🇺🇸 Cristiano Ronaldo sued for promoting Binance and unregistered securities.
A class action lawsuit has been filed against Cristiano Ronaldo, alleging that his NFT collections on Binance promoted investments in securities not registered on the crypto exchange.
The plaintiffs claim they suffered losses due to his promotion of Binance.
“Ronaldo’s promotions solicited or assisted Binance in soliciting investments in unregistered securities by encouraging his millions of followers, fans and supporters to invest with the Binance platform.”
Question of the day: Do you find these prosecutions justified? In any case, this risks putting a lot of athletes off guard for future collaborations.
“One of the ways AI could make the world worse is the worst possible: it could literally cause the extinction of humanity.”
Vitalik cites a 2022 survey of more than 4,270 researchers, which estimated the risk of AI killing humanity at 5-10%.
“Even Mars might not be safe if superintelligent AI turns against humanity.”
For Vitalik, AI is “fundamentally different” from other recent inventions because AI can create a new type of “mind” that can turn against human interests.
“AI is a new type of mind that is rapidly increasing in intelligence and has a serious chance of surpassing human mental faculties and becoming the new umbrella species on the planet.”
Vitalik also suggested “active human intent” to steer AI in a direction beneficial to humanity.$ETH
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