ANALYSIS OF TOP LOSERS
All three coins(IRIS, FIDA, and LOKA) are experiencing significant negative price movements within a 24-hour period. This suggests a broader bearish sentiment impacting these specific assets.
Individual Analysis:
âĄïž $IRIS : Suffered the most substantial loss with a 11.71% decline. This sharp drop could be attributed to various factors like project-specific news, overall market correction, or profit-taking by early investors.
{spot}(IRISUSDT)
âĄïž $FIDA : Showed a moderate loss of 4.84%, indicating a less severe negative impact compared to IRIS. This could imply that factors affecting FIDA might be less pronounced or that the asset has a slightly better ability to withstand the current market pressure.
{spot}(FIDAUSDT)
âĄïž $LOKA : Experienced a 4.41% dip, similar to FIDA. This close performance suggests that both LOKA and FIDA might be reacting to similar market forces or experiencing comparable selling pressure.
{spot}(LOKAUSDT)
Important Considerations:
- Limited Data:
We only have 24-hour price change data. A comprehensive analysis requires examining longer-term price trends, trading volume, and other market indicators
- External Factors:
Crypto markets are heavily influenced by news events, regulatory changes, and overall market sentiment. Factors beyond the scope of this data could be contributing to the losses
- Recommendation:
It's crucial to conduct thorough research before making any investment decisions. This data provides a snapshot of the current situation, but further investigation is needed to understand the potential reasons behind these price movements and their implications for future performance
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Ethereum (ETH) Rival Token Attracts Big Names in Crypto
The crypto market is always in constant flux, and investors are looking for the next huge project, Rexas Finance (RXS) is quickly catching the publicâs attention despite only being in a presale. Of late, the emerging convergence of real-world asset (RWA) tokenization and decentralized finance (DeFi) has made Rexas Finance a platform that could experience significant growth soon.
Rexas Finance: The Smooth Transition to RWA Token Business
Rexas Finance offers a platform for RWA tokenization. Owning an equity stake in low-cost real estate via Real Estate Investment Trusts (REITs) gives average investors opportunities otherwise closed to them. With this model, Rexas Finance can disrupt the financing market as it reduces barriers to entry for ordinary users and improves liquidity.
A notable highlight of Rexas Finance is the presence of an elaborate ecosystem that aims to improve the process of asset tokenization. It provides instruments like the Rexas Token Builder, which makes creating and operating digital assets more convenient. Moreover, these features are also integrated with advanced AIs such as GenAI and AI Shield, which bring on board even more tools, making the process seamless for retail and applicability considering institutional investors.
Rexas Financeâs presale has attracted institutional and retail investors alike, with some high-profile names coming into play as well. Most of them state that they are attracted to the project because of the platformâs ability to enhance the existing financial markets and are impressed with Rexasâ use cases, which many believe will enable growth potential in the future.
The fact that the token is currently selling for just $0.05 per token has brought numerous investors to the presale. Early backers stated that they mainly invested in the platform because it seeks to solve real-world problems.
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{spot}(BLURUSDT)
$SUPER
{spot}(SUPERUSDT)
$NOT
{spot}(NOTUSDT)
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đ Former U.S. officials and compliance pros rallied at the UN to support Tigran Gambaryan, Binance's head of financial crime compliance, detained in Nigeria since February. Gambaryan, ex-IRS investigator, faces money laundering charges against Binance. Held in Kuje Prison, his health has deteriorated, struggling with infections and a herniated disc. đșđž U.S. only acknowledged his detention this month, despite earlier discussions by Secretary of State Antony Blinken.
Amanda Wick, ex-federal prosecutor, organized the protest, highlighting Gambaryan's service to the U.S. Chris Tyrrell and Gary Weinstein emphasized the injustice and need for consumer protection.
What are your thoughts on this situation? Comment below! #CryptoNews #JusticeForTigran
**Crypto Industry Rallies for Detained Binance Exec in Nigeria**
A group of former government employees and compliance officials rallied at the UN to support Tigran Gambaryan, Binance's head of financial crime compliance, detained in Nigeria since February. Gambaryan, held on money laundering charges against Binance, is in Kuje Prison, where his health has deteriorated. Despite his U.S. government background, the U.S. only acknowledged his detention this month.
Amanda Wick, a protest organizer, emphasized the injustice of prosecuting Gambaryan to target Binance.
What are your thoughts on this situation? Share in the comments! đ
đ Breaking News in the Crypto World! đ
Former government officials turned crypto enthusiasts rallied at the UN to support Tigran Gambaryan, Binance's head of financial crime compliance, who's been detained in Nigeria since February. đ±
Despite his deteriorating health and unjust detention, the U.S. only acknowledged his situation this month. Gambaryan, a former IRS investigator, was invited by Nigeria but now faces money laundering charges against Binance.
Is this a case of prosecuting to get attention? Share your thoughts below! đ #DeFi #Web3 #CryptoJustice
Lehman Brothers 2.0: Crypto crash shows 'wild west' market has much to prove
The cryptocurrency market still has much to prove if it is to shake off its âwild westâ image after the dramatic collapse of algorithmic stablecoin TerraUSD (UST) caused systemic risk across digital assets.
Last week, UST â which is supposed to maintain a 1-to-1 peg with the US dollar âplummeted as low as $0.17, highlighting the potential dangers of stablecoins.
The move sent shockwaves through the crypto market, wiping $1trn off the asset classâs value and causing the price of luna â one of the top 10 cryptos by market cap â to crash 99.9% from over $100 to almost $0, as at 15 May.
Unlike many stablecoins that theoretically have an equivalent amount of collateral, UST â an algorithmic stablecoin â allows arbitrageurs to create and redeem in return for luna. This means if UST starts trading at $0.99, an arbitrageur can buy at this level and redeem for $1 of luna which, in theory, should stabilise the price in a process known as the burn-and-mint mechanism.
After a sell-off sent the price of UST to $0.46 last week, Terraform Labs and the Luna Foundation increased the supply of luna coins to 6.5 trillion, up from 340 million, according to 21Shares, in an attempt to maintain USTâs 1-to-1 peg with the US dollar.
With supply far outstripping demand, the price of luna collapsed to almost $0 forcing two terra ETPs, the 21Shares Terra ETP (LUNA) and the VanEck Terra ETN (VLNA), tohalt creations and redemptionslast Friday, while the Valour Terra (LUNA) ETP suspended trading entirely.
The significant risks associated with algorithmic stablecoins, in particular, have been stressed previously. In a November 2021 research paper titledBuilt to Fail: The Inherent Fragility of Algorithmic Stablecoins, Ryan Clements of the University of Calgary warned algo coins âexist in a state of perpetual vulnerabilityâ.
#BinanceLaunchpoolHMSTR #CATIonBinance #BTCReboundsAfterFOMC #NeiroOnBinance #Write2Earn $MINA
{spot}(MINAUSDT)
$ID
{spot}(IDUSDT)
$SAGA
{spot}(SAGAUSDT)
đšđšAttention Alert đšđšBitcoin's Knife-Edge Moment!
A $980M liquidation storm is brewing! Bitcoin's price movements are about to trigger major liquidations on centralized exchanges, with both long and short positions hanging by a thread.
If $BTC drops below $63K, brace for a $980M liquidation avalanche! Long positions will be in trouble, with cumulative liquidation intensity across major CEXs potentially skyrocketing.
On the flip side, if Bitcoin blasts above $65K, short sellers beware! Liquidation intensity of shorts will spike to $419 million, triggering a bullish firestorm.
The Liquidation Heatmap reveals intense action zones:
- $63K: Long positions under pressure ($980M liquidation potential)
- $65K: Short positions vulnerable ($419M liquidation potential)
These liquidation clusters act like pressure points, fueling huge price swings. Volatility could hit new heights!
Prepare for liquidity waves! The higher the bar, the bigger the impact when Bitcoin crosses these price thresholds.
Traders, get ready for serious action! The market could go either way; stay alert. Longs or shortsâwho's going to feel the heat?
Share your predictions! Are you bracing for a drop below $63K or eyeing a pump past $65K? Let's see who's calling it right! đ§ đ„
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Ripple's RLUSD Stablecoin Testing Heats Up: Could XRP Reach $10?
XRP fell 0.2% today to $0.5881 as the crypto market fell 1% in 24 hours.
XRP is up 2% a week and 10% a fortnight, and although the cryptocurrency is down 1% a month, it has up 18% in the previous year.
Ripple released 485 RLUSD yesterday to test its new RLUSD stablecoin, which may boost XRP by year's end.
Ripple's ambitions to sell its stablecoin in Japan and its continuous expansion with new partners suggest healthy growth.
Ripple's RLUSD Stablecoin Testing Heats Up: Could XRP Reach $10?
As XRP attempts to break over its red resistance level at $0.592, 485 RLUSD were issued.
Other indications show it has recovered momentum in the last hour, with its relative strength index (purple) reaching 50.
XRP may rebound from its modest loss today to reach $0.60 in a week or two.
Today's drop may have been caused by a whale deposit to Bitstamp, although neither direction has seen big transfers in the prior 12 hours.
As announced, Ripple issued 485 RLUSD yesterday to test the cryptocurrency.
Early August saw beta testing of the stablecoin on XRP Ledger and Ethereum.
Its extensive use and Ripple's prominence as a cross-border transaction network might make RLUSD a major stablecoin competitor once it starts.
Once regulatory clearance is obtained, the stablecoin will debut in Japan and subsequently internationally, targeting institutions.
Future acceptance of RLUSD may not directly affect XRP, but it will increase the Ripple ecosystem, indirectly benefitting XRP.
The latter may reach $1 by year's end and $3 by Q2 2025.
#XRP #Ripple #BTCReboundsAfterFOMC FOMC $XRP
{spot}(XRPUSDT)
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**News Flash: Stablecoins Set to Drive Institutional Adoption in Asia, Says Chainalysis CEO**
SINGAPORE â đ Chainalysis CEO Michael Gronager predicts stablecoins will be the key to institutional crypto adoption in Asia, despite regulatory hurdles. Speaking at Token2049, Gronager highlighted that two-thirds of blockchain transaction volumes are stablecoins. While Asia leads in user adoption, the U.S. remains the most influential market.
- **Stablecoins**: Pegged to assets like the dollar or gold, they offer stability in the volatile crypto market.
- **Adoption Trends**: Five Asian countries rank in the top 10 of the Global Adoption Index.
- **Regulatory Hurdles**: Banks in Japan show growing interest but face slow regulatory processes.
What are your thoughts on stablecoins driving adoption? Share in the comments!
$TRX
{spot}(TRXUSDT)
{future}(TRXUSDT)
Moving Averages (MA 200) and VWAP:
The 200-period Simple Moving Average (SMA) is trending slightly downward, indicating that the broader trend might be bearish, though there is some consolidation happening.The Volume Weighted Average Price (VWAP) is hovering slightly above the current price, suggesting that the current price is within fair value for recent volume-based movements but slightly below the VWAP.
RSI (Relative Strength Index):
The RSI is around 40.03, which is approaching the oversold zone (below 30). This indicates that while there is selling pressure, it is not yet oversold. There may be more room for a downtrend, or a reversal could occur if the RSI dips lower.
MACD (Moving Average Convergence Divergence):
The MACD line is near the zero line, indicating a potential shift in momentum. However, both the MACD and signal lines are close to zero, implying indecision and a lack of strong trend momentum. The histogram shows a slight bearish divergence as it prints negative values.
Price Structure:
Price is consolidating around the $0.1505 level. It previously made a small rally but is now showing signs of weakening.The horizontal support level shown in the second image suggests a potential support zone between approximately $0.1450 and $0.1500. This could act as a key level to watch if the price continues to decline.
The TRX/USDT pair is at a critical juncture, nearing support. The price is consolidating just above a significant support level, and momentum indicators (RSI, MACD) suggest potential further downside. However, if the price can hold above the $0.1450-$0.1500 zone, we could see a bounce back towards the $0.1537 level.
This is a critical zone for TRX/USDT, and traders should watch for either a strong reversal or a breakdown below support before deciding on further action.
Disclaimer: This analysis is for informational purposes only and should not be taken as financial advice. Please conduct your own research before making trading decisions.
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