đąClarification on Telegram CEO&đą caseRecent developments have brought to light some confusion regarding the legal issues surrounding Telegram CEO Pavel Durov. The prosecutor has officially stated that the arrest warrant issued for Durov's brother, Nikolai Durov, is unrelated to the ongoing case involving Pavel Durov.
Nikolai Durovâs legal troubles are separate and distinct from Pavel's situation, focusing on different charges and legal concerns. This clarification is crucial in addressing any misconceptions about the connection between these two matters.
As the legal proceedings continue, it is important to differentiate between the individual cases to avoid any undue speculation or misinformation. Pavel Durovâs case remains focused on its own specific issues, independent of the issues facing his brother.
We will continue to provide updates as more information becomes available. For now, the separation of these cases should help in understanding the distinct legal pathways and proceedings involved.#PavelDurov #cryptotipshop #VOTEme #TelegramCrypto
đ Empowering G Holders in the Gravity Ecosystem đ
G Holders enjoy permanent residency within Gravity, much like Green Card holders in the U.S. They have the freedom to work, access educational resources, and tap into financial benefits, all within the Gravity network. With seamless cross-chain interactions, G Holders play a crucial role in growing the community and shaping the future of Gravity.
đ The Gravity Chain: Blockchain Revolution
Gravity is a Layer 1 omnichain platform designed for mass adoption, solving scalability and cross-chain challenges. It supports efficient transactions, with Galxe's products seamlessly integrated. With over 60 million transactions per month, Gravity is set to surpass Ethereum, positioning itself as a leader in blockchain innovation.
đ Future Prospects: Innovation Ahead
Gravityâs architecture supports widespread adoption, redefining Web3 reputations and inspiring new use cases. As Galxe thrives within Gravity, the ecosystem promises limitless possibilities, pushing the boundaries of whatâs achievable in Web3.
G
Join us in shaping the future of Web3 with Gravity! đâš #GravityAlphaMainnet #Web3Revolution
$BTC BTC price at 11x S&P 500 signals Bitcoin is 'rolling over' â Analyst
Bitcoin may still be the "fastest horse" in the risk asset race, but its signals are anything but encouraging for bulls, says Bloomberg's Mike McGlone.
BitcoinÂ
BTC
$59,549 #Appreciate
 is still ârolling overâ as its value versus the S&P 500 stays well clear of all-time highs.
In his latest analysis on X, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, suggested that the risk-asset race âmay be over.â
McGlone: Bitcoin suffering from a "hangover"
Bitcoin has struggled to match its latest all-time high from March, but another metric suggests deeper systemic weakness.
BTC/USD, McGlone notes, is currently around 11 times the value of the S&P 500 â which is itself near all-time highs.
In the first quarter of 2020, Bitcoin was on top, reaching 15 times the S&P in a record which has never been beaten. By contrast, the future may see a 50% drop from that time.
âIs the fastest horse signaling the race is over?â McGlone queried.
At about 11x now, the Bitcoin/S&P 500 peak was 15x in 1Q20 and this years lower high was 14x. The biggest money pump in history and US ETF launches in past tense may suggest a hangover, pendulum swing back toward 7x Bitcoin/SPX.â
In subsequent interactions, he confirmed his theory that Bitcoin continues to âroll over.â
âThe fastest horse in the race may be signaling the race is over,â he wrote while responding to a question over Bitcoinâs relatively lackluster performance versus other risk assets.
As Cointelegraph reported, that performance stands out versus that of gold as well as the S&P 500. XAU/USD saw new all-time highs of its own this month.
BTC price action meanwhile continued to chop around $60,000 ahead of the Aug. 28 Wall Street open, per data from Cointelegraph Markets Pro and TradingView.
After a snap liquidation cascade overnight, BTC/USD saw a fresh visit to $58,000 before halting its downside.#Write2Earn!
âStill no break in the trend,â popular trader Crypto Chase determined.
đ„đ„Breaking: OpenSea Faces SEC Legal Action Over NFTs! đš
The SEC is tightening its grip on the NFT market. OpenSea has just received a Wells notice, signaling the SEC's intent to sue. The key issue? The SEC believes NFTs might be classified as securities. Here's what you need to know:
Wells Notice: A formal warning from the SEC indicating that enforcement action is likely.
NFTs as Securities: The SEC argues that certain NFTs on OpenSea may fall under securities regulations, potentially leading to a groundbreaking legal battle.
Market Impact: This could reshape the entire NFT landscape, with significant implications for creators, collectors, and platforms.
OpenSeaâs Next Move: Expect a robust legal defense as OpenSea challenges this classification.
Stay tuned! This case could redefine how NFTs are regulated in the U.S. đșđž
đŹ Like, comment, and share to keep the conversation going!
The next potential bullish run for $DOGS is projected to occur in September 2024. Based on recent predictions, the price of $DOGS could increase by approximately 228%, reaching around $0.007 by September 24, 2024. This increase is part of a broader expectation of market growth as the cryptocurrency community anticipates potential upswings due to various factors, including market sentiment and broader crypto market trends.
This bullish prediction aligns with recent activity where $DOGS has shown significant upward movement, supported by increased trading volume and growing investor interest. However, it's important to note that $DOGS, like many meme coins, remains highly volatile and speculative, so any investment should be approached with caution.
For further details, you might want to track the coin's performance closely in the coming weeks as market conditions can change rapidly.
#Write2Earn! #BecomeCreator #TraderRai #dogs #DOGSONBINANCE
{spot}(DOGSUSDT)
SOL/USDT Weekly (1W) Chart - In-depth Technical Analysis 500$ When ?
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Historical Context (August 2021):
In August 2021, SOL formed a similar triangle pattern on the weekly chart. This pattern, known as an symmetrical triangle, is typically a bullish continuation pattern. Once SOL broke out from this formation, it experiencand ded a massive rally of about 917%, skyrocketing from $23 to $232. its historical move bcz is nearly 10x Return in just 90days.
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Current Setup (August 2024):
Fast forward to August 2024, and we're seeing a strikingly similar pattern. SOL is once again consolidating in a triangle, but this time around $148. The market is testing the patience of both bulls and bears, and the direction of the breakout will likely dictate the next major move becuose,
1. Triangle Formation
The current triangle pattern indicates that the market is in a consolidation phase after a significant move. Historically, similar patterns have led to explosive breakouts, especially when they occur after a rally.
2. Support and Resistance
- Support: The key support zone lies around $115-$120, which aligns with a historical support level and is further reinforced by the EMA 21. This level has held up well in the past, and a drop below it could signal further downside.
- Resistance: The immediate resistance zone is around $186-$190. This is where the price has struggled to break through recently, and it also coincides with previous highs that acted as resistance.
3. Exponential Moving Average (EMA 21)
The EMA 21 is a critical indicator that smooths out price action and provides a clearer trend direction. Currently, SOL is trading above the EMA 21, which is a bullish sign. If SOL remains above this level, it strengthens the case for a potential breakout to the upside. Conversely, if it drops below the EMA 21, it could indicate a trend reversal or further consolidation.
Bullish Scenario
If SOL breaks above the $186-$190 resistance zone, we could see a repeat of the 2021 rally.
How Low Volatility Sets the Stage for a Bullish Breakout
Amid the ongoing back-and-forth movement in the crypto industry, Solana (SOL) price continues to consolidate in a horizontal pattern, which is less interesting to leveraged traders but crucial for hodlers. The low volatility registered by Solana price in the past few months has given buyers a chance to accumulate more coins.
Furthermore, a gradual shift in demand from Bitcoin to altcoins signals an inevitable altseason in the near term. As a result, most investors are closely monitoring the weekly Bitcoin dominance in anticipation of a reversal, which will signal the onset of the parabolic altseason.
Institutions Bet on Solana NetworkÂ
Apart from Ethereum, the Solana network has been a favorite among more institutional investors seeking to tokenize real-world assets (RWA). Earlier today at the Global Fintech Fest, Nandan Nilekani, co-founder of Infosys, presented a demo on the Solana network of the Finternet project, a user-centric global financial infrastructure tokenizing any asset on a unified ledger.
On Tuesday, Robinhood Wallet announced the integration with the Solana network to enable its customers to self custody SOL and its based tokens. Meanwhile, PayPalâs PYUSD recently surpassed a market cap of $1 billion, with 64 percent of the market share on the Solana network.
The Solanaâs web3 activity has significantly grown in the recent past to a total value locked of over $5.1 billion and a stablecoins market cap of around $4 billion. The meme coins on the Solana network have a market cap of about $6.5 billion and a daily average traded volume of around $1.7 billion.Â
#Solana #SOL #TON #DOGSONBINANCE #TelegramCEO $SOL $TON $BTC
**Ether ETFs See Net Outflows, Sparking Interest in Combined Crypto ETFs**
Ether spot ETFs have experienced net outflows since their launch last month, with JPMorgan reporting about $500M in outflows. This contrasts sharply with the successful launch of spot bitcoin ETFs earlier this year, which saw net inflows exceeding $5 billion in the same timeframe.
Unexpectedly, Grayscale's Ethereum Trust (ETHE) saw $2.5 billion in outflows, far more than the anticipated $1 billion. This has led to growing interest among asset managers for a combined ETF offering exposure to both bitcoin and ether.
What do you think about the future of combined crypto ETFs? Share your thoughts in the comments! đŹ
đ Despite some turbulence, the DeFi and Web 3 space is still full of promise! đ
1/ Ether spot ETFs have seen net outflows since their launch, but hey, every rollercoaster has its ups and downs! đą
2/ JPMorgan notes that Grayscale's Ethereum Trust saw more outflows than expected, but there's a silver lining: a growing interest in combined Bitcoin and Ether ETFs!
3/ Bitcoin's "first mover advantage" and higher liquidity are factors, but don't count Ether out just yet. The DeFi world is always evolving!
What are your thoughts? Drop a comment below! đŹ #DeFi #Web3 #CryptoOptimism
đ Crypto News Flash! đ
ROCK, a new meme coin in the SunPump ecosystem, has skyrocketed nearly 100%, hitting $0.003375 and a market cap of $3.3M! Speculation is rife that Justin Sun, founder of Tron (TRX), has invested in it, although he hasn't confirmed this yet.
- Market cap: $3.3M
- Peak price: $0.003375
- Speculated investment by Justin Sun
SunPump tokens, including Sundog ($247M) and Dragon Sun ($28M), have collectively amassed $366M. Trading activity has generated $30M in fees, prompting a community vote for the first revenue burn. đ
Is ROCK the next big thing or just another meme coin? Share your thoughts in the comments! đŹ
đ Looking for solid investments? Check out these 3 Warren Buffett favorites you might want to hold forever!
1. **Coca-Cola (NYSE: KO)**
- The beverage giant isnât just about cola. With brands like Minute Maid & Powerade, itâs a diverse powerhouse.
- đč Plus, its dividend history is unmatched, with 62 years of consecutive annual increases!
2. **Bank of America (NYSE: BAC)**
- Despite recent sell-offs, Buffett still holds $37B worth. A sign of long-term confidence?
3. **Apple (NASDAQ: AAPL)**
- Even with some trimming, Apple remains Berkshireâs largest position. New AI-capable iPhone 16 coming soon!
đŹ What are your thoughts on these picks? Letâs discuss in the comments! #Investing #Stocks #WarrenBuffett
#bitcoinnewsupdate : Can Bitcoin get a green monthly close above $64.3K?
Bitcoinâs summer illiquidity could carry on into September, but lower interest rates could kickstart the real bull market in early 2025, according to analysts.
Bitcoinâs summer lull could finally come to an end with a bullish breakout if it manages to close the month of August in the green.
To close August in the green, BitcoinâsÂ
BTC
$59,549
 price needs a monthly close above $64,300, which would require an over 7% rally from the current $59,960.
While the monthly candle close is difficult to predict, Bitcoinâs recent price action is a positive sign, according to Bitfinex analysts, who told Cointelegraph:
âBitcoin reclaiming recently lost key levels like $64,000 and $61,500 are bullish signs⊠The current market is still illiquid, and we continuously have low-volume volatile moves. The current move lower is an unwinding of perps and spot long positions that had entered the market before the Jackson Hole conference.â
Bitcoin price has been struggling to trade above the $60,000 psychological mark. The worldâs first cryptocurrency is down over 12% on the monthly chart, according to Cointelegraph data.
Bitcoin struggles to overcome $63,900 resistance $BTC
Analysts warned that the lack of liquidity characteristic of the summer could carry on into September and bring downside volatility.
Thus, Bitcoin will struggle to overcome the $63,900 resistance, according to Bitfinex Analysts, who added:
âPrice is a reflection of historical market transactions, we must look under the hood. Price rallied up to the Short Term Holder (STH) realized price of around $63,900 currently and thus, we also saw some profit-taking from the STH cohort
Bitcoinâs average returns for the month of September were negative at -4.78% since 2013, according to analysts.
{spot}(BTCUSDT)
đSimple way to earn $50 to $300 in two days with $Gđź
$G G Holders: Benefits, Rights, and Future ProspectsWhat are the benefits and rights of G holders?G holders, as members of the Gravity community, enjoy a range of benefits and rights.
These include:Governance: G holders have a direct say in the future of the Gravity network through governance proposals and voting.
Staking Rewards: By staking their G tokens, holders can earn rewards from the network's transaction fees.
Access to Exclusive Features: G holders may have access to exclusive features, such as early access to new products or services.Community Discounts: G holders may be eligible for discounts on products and services offered by Gravity or its partners.
What are the future prospects for the Gravity chain?
The future of the Gravity chain is promising, as it aims to become a leading interoperability hub for the blockchain ecosystem.
Key areas of focus include:Expanding Interoperability: Gravity plans to support a wider range of blockchains and protocols, enabling seamless asset transfers and dApp interactions across different networks.
Developing New Use Cases: The team is exploring various use cases for the Gravity chain, such as decentralized finance (DeFi), gaming, and supply chain management.
What is the future of Galxe powered by Gravity?
Galxe, a platform for Web3 communities and creators, is powered by the Gravity chain. As a result, the future of Galxe is closely tied to the success of Gravity.
Key areas of growth for Galxe include:Expanding Partnerships: Galxe plans to partner with more Web3 projects and communities to offer a wider range of rewards and incentives.
Developing New Features: The platform is constantly evolving, with new features and functionalities being added to enhance the user experience.
Overall, the future for G holders and the Gravity ecosystem looks bright. As the chain continues to grow and develop, G holders can expect to benefit from increased value, governance opportunities, and access to innovative new applications.##GravityAlphaMainnet