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🔼 The FTT token of the collapsed scam exchange FTX remains the leader in daily growth, far ahead of all others.
The reason is a fake pump based on rumors of alleged payments to affected clients.
❌ None of this will happen, as the next (and most likely not the last) court hearing will take place only on November 7. Therefore, no compensation can be expected on September 30.
‼️ Moreover, according to recently revised bankruptcy documents provided by FTX creditor Sunil Kavuri, FTX creditors will only recover 10–25% of their funds in crypto, and the distribution of funds may continue until the second quarter of 2025.
$FTT
The reason is a fake pump based on rumors of alleged payments to affected clients.
❌ None of this will happen, as the next (and most likely not the last) court hearing will take place only on November 7. Therefore, no compensation can be expected on September 30.
‼️ Moreover, according to recently revised bankruptcy documents provided by FTX creditor Sunil Kavuri, FTX creditors will only recover 10–25% of their funds in crypto, and the distribution of funds may continue until the second quarter of 2025.
$FTT
JUST IN: 🇬🇧 UK introduces bill to officially and legally recognize cryptocurrency as personal property.
$BTC
$BTC
📈 Bitcoin Hash Rate Soars
Bitcoin's hash rate hit a record high despite falling prices, indicating miners' optimism for future price recovery.
Bitcoin's hash rate hit a record high despite falling prices, indicating miners' optimism for future price recovery.
🚫 Avoid Trading These Cryptos This Week!
Aptos (APT): Token unlock on Sept 12 could increase supply and pressure prices.
Conflux (CFX): Sept 9 unlock may cause price volatility.
Cheelee (CHEEL): Sept 10 unlock could impact price resistance.
These events may lead to price drops, making them risky for short-term trading.
$APT $CFX
Aptos (APT): Token unlock on Sept 12 could increase supply and pressure prices.
Conflux (CFX): Sept 9 unlock may cause price volatility.
Cheelee (CHEEL): Sept 10 unlock could impact price resistance.
These events may lead to price drops, making them risky for short-term trading.
$APT $CFX
BoJ Rate Hike May Impact Bitcoin 📉
BoJ Governor Kazuo Ueda has signaled ongoing interest rate increases if economic conditions are met. This could strengthen the yen and hurt high-risk assets like Bitcoin.
$BTC
BoJ Governor Kazuo Ueda has signaled ongoing interest rate increases if economic conditions are met. This could strengthen the yen and hurt high-risk assets like Bitcoin.
$BTC
📌 August Results
August was a tough month for the crypto market, leading most tokens to end the month with a decline🔽
💸 BTC's monthly decline was 8.6%, while ETH lost a significant 22.21% of its value.
➡️ For Ethereum, the drop in August was the largest in the past two years.
$BTC
August was a tough month for the crypto market, leading most tokens to end the month with a decline🔽
💸 BTC's monthly decline was 8.6%, while ETH lost a significant 22.21% of its value.
➡️ For Ethereum, the drop in August was the largest in the past two years.
$BTC
JUST IN: 🇺🇸 Donald Trump says he will make the United States the "crypto capital of the planet" if elected president.
🚨🚨Vitalik Buterin stated that the arrest of Pavel Durov poses threats to the future of software and freedom of communication in Europe:
"I previously criticized Telegram for its lackluster approach to encryption. But the accusation seems to be simply about the lack of moderation and the refusal to disclose user data. This looks very bad and concerning."
$TON
"I previously criticized Telegram for its lackluster approach to encryption. But the accusation seems to be simply about the lack of moderation and the refusal to disclose user data. This looks very bad and concerning."
$TON
😍🚨Bitcoin Bulls Push Price Above $60,000 As These Key Macro Tailwinds Come In – BTC Breakout Back to $70,000 Incoming?
Bitcoin (BTC) pushed back to the north of the $60,000 level on Wednesday, with traders eyeing a major BTC breakout back towards $70,000 as macro tailwinds come in.
The minutes of last month’s Fed meeting were dovish, with most policymakers supporting interest rate cuts starting next month.
That all but confirmed what everyone already new – rate cuts are coming.
Indeed, fed funds futures markets currently imply a more than 70% likelihood that the Fed will have lowered interest by at least 100bps by this time next year, per CME data.
While the dovish Fed meeting minutes weren’t a surprise to the market, they are still acting as a tailwind.
That because an easing of global liquidity conditions (i.e. lower interest rates resulting in more money being created) is generally associated with a rising Bitcoin price.
As Thursday’s US PMI data and Friday’s speech from Fed Chair Jerome Powell near, the risks of a BTC breakout are growing.
$BTC
Bitcoin (BTC) pushed back to the north of the $60,000 level on Wednesday, with traders eyeing a major BTC breakout back towards $70,000 as macro tailwinds come in.
The minutes of last month’s Fed meeting were dovish, with most policymakers supporting interest rate cuts starting next month.
That all but confirmed what everyone already new – rate cuts are coming.
Indeed, fed funds futures markets currently imply a more than 70% likelihood that the Fed will have lowered interest by at least 100bps by this time next year, per CME data.
While the dovish Fed meeting minutes weren’t a surprise to the market, they are still acting as a tailwind.
That because an easing of global liquidity conditions (i.e. lower interest rates resulting in more money being created) is generally associated with a rising Bitcoin price.
As Thursday’s US PMI data and Friday’s speech from Fed Chair Jerome Powell near, the risks of a BTC breakout are growing.
$BTC
🚨🚨Hackers compromise McDonald’s Instagram account to conduct $700k rug pull🚨🚨
The group identified as India_X_Kr3w managed to snag $700,000 after gradually dumping their GRIMACE holdings
Fast food chain McDonald’s’ Instagram profile promoted a scam memecoin deployed on Solana (SOL) after being compromised.
The token — called GRIMACE — hit a $25 million market capitalization within two hours of its launch before it was rugged and lost more than 95% of its value.
The scammers, who identified themselves as “India_X_Kr3w,” claim to have snagged roughly $700,000 from investors who believed the memecoin was an official McDonald’s’ token.
GRIMACE was deployed via Pump.fun and quickly reached the bonding curve limit to be deployed on Raydium.
Notably, DEX Screener data shows that the token managed to amass nearly $20 million in trading volume within two hours. Additionally, investors seem to keep betting on the token, as the liquidity from the pool on Raydium is growing despite the rug pull.
It took nearly two hours for McDonald’s to recover access to the account, and all posts related to the memecoin have been deleted as of press time.
$BTC
The group identified as India_X_Kr3w managed to snag $700,000 after gradually dumping their GRIMACE holdings
Fast food chain McDonald’s’ Instagram profile promoted a scam memecoin deployed on Solana (SOL) after being compromised.
The token — called GRIMACE — hit a $25 million market capitalization within two hours of its launch before it was rugged and lost more than 95% of its value.
The scammers, who identified themselves as “India_X_Kr3w,” claim to have snagged roughly $700,000 from investors who believed the memecoin was an official McDonald’s’ token.
GRIMACE was deployed via Pump.fun and quickly reached the bonding curve limit to be deployed on Raydium.
Notably, DEX Screener data shows that the token managed to amass nearly $20 million in trading volume within two hours. Additionally, investors seem to keep betting on the token, as the liquidity from the pool on Raydium is growing despite the rug pull.
It took nearly two hours for McDonald’s to recover access to the account, and all posts related to the memecoin have been deleted as of press time.
$BTC
🚨🚨Polygon (MATIC) Hungry to Break Months-Long Downtrend with Altcoin Rally🚨🚨
MATIC shows signs of a resurgence, threatening to break out of an extended downtrend in a select altcoin rally.
Polygon’s MATIC is threatening to break out of an extended downtrend.
The price move comes as part of a relief rally of select altcoins.
Analysts have weighed in on the asset’s prospects.
MATIC, the native token of the Polygon PoS chain, is far from its glory days. While the broader crypto market is believed to be in a bull market, the asset has been stuck in a months-long downtrend that has recently seen it trade around two-year lows.
Amid the downturn, however, MATIC may now be showing signs of a resurgence, threatening to break out of the extended rut in a select altcoin rally.
$MATIC $BTC $ETH
#MtGoxRepayments
#matics
MATIC shows signs of a resurgence, threatening to break out of an extended downtrend in a select altcoin rally.
Polygon’s MATIC is threatening to break out of an extended downtrend.
The price move comes as part of a relief rally of select altcoins.
Analysts have weighed in on the asset’s prospects.
MATIC, the native token of the Polygon PoS chain, is far from its glory days. While the broader crypto market is believed to be in a bull market, the asset has been stuck in a months-long downtrend that has recently seen it trade around two-year lows.
Amid the downturn, however, MATIC may now be showing signs of a resurgence, threatening to break out of the extended rut in a select altcoin rally.
$MATIC $BTC $ETH
#MtGoxRepayments
#matics
Bitcoin rallies to $61K with strong ETF inflows
Bitcoin surged past the crucial $61K, rebounding from a week-long struggle in the $56K-$58K range.
The global digital assets market cap increased by over 3% to reach $2.14 trillion.
BlackRock’s IBIT hit an inflow of $92.68 million on August 19.
Bitcoin (BTC) reclaimed the crucial $61,000 on Tuesday morning after hovering around the $56k-$58k zones over the last week. BTC’s rally surging straight from the $58K level propelled the king crypto to go green after dealing with intense selling pressure.
The cumulative digital assets market cap soared by more than 3% over the last day to reach $2.14 trillion. The 24-hour trading volume jumped by 29%, standing at $62.28 billion.
Consecutive positive inflows for Bitcoin ETFs spurs BTC
Bitcoin and the broader crypto market are feeling the heat this month, even as global stocks went on to hit record highs. For the first time since November 2022, major crypto assets saw their steepest drop on August 5, triggered by global growth concerns and a significant unwinding of the yen carry trade.
BTC’s price dipped to the $49,000 level on August 5 leaving the crypto market in shackles. However, the king crypto is now back on track as it is moving ahead to regain the $61,000 mark next and set a positive momentum for the market.
A spike in positive flow among the US Bitcoin spot exchange-traded fund (ETF) can be one of the major factors backing BTC’s current trajectory. BTC ETFs recorded a net inflow of almost $62 million on August 19. This is the 3rd straight day these investment funds have posted a positive flow of funds. BTC ETFs saw inflows of $36 million and $11 million on August 16 and August 15, respectively.
$BTC
Bitcoin surged past the crucial $61K, rebounding from a week-long struggle in the $56K-$58K range.
The global digital assets market cap increased by over 3% to reach $2.14 trillion.
BlackRock’s IBIT hit an inflow of $92.68 million on August 19.
Bitcoin (BTC) reclaimed the crucial $61,000 on Tuesday morning after hovering around the $56k-$58k zones over the last week. BTC’s rally surging straight from the $58K level propelled the king crypto to go green after dealing with intense selling pressure.
The cumulative digital assets market cap soared by more than 3% over the last day to reach $2.14 trillion. The 24-hour trading volume jumped by 29%, standing at $62.28 billion.
Consecutive positive inflows for Bitcoin ETFs spurs BTC
Bitcoin and the broader crypto market are feeling the heat this month, even as global stocks went on to hit record highs. For the first time since November 2022, major crypto assets saw their steepest drop on August 5, triggered by global growth concerns and a significant unwinding of the yen carry trade.
BTC’s price dipped to the $49,000 level on August 5 leaving the crypto market in shackles. However, the king crypto is now back on track as it is moving ahead to regain the $61,000 mark next and set a positive momentum for the market.
A spike in positive flow among the US Bitcoin spot exchange-traded fund (ETF) can be one of the major factors backing BTC’s current trajectory. BTC ETFs recorded a net inflow of almost $62 million on August 19. This is the 3rd straight day these investment funds have posted a positive flow of funds. BTC ETFs saw inflows of $36 million and $11 million on August 16 and August 15, respectively.
$BTC
Renowned Investment 👀
Renowned Investment Strategist Predicts a 25 Basis Points ‘One and Done’ Rate Cut in September by the Fed
In an interview on CNBC on August 19, Ed Yardeni, the Founder and President of Yardeni Research, shared his thoughts on the Federal Reserve’s likely monetary policy moves as the September 2024 meeting approaches. Known for his keen market analysis and prescient economic forecasts, Yardeni presented a detailed perspective on why he expects the Federal Reserve to implement a 25 basis points rate cut—a move he describes as “one and done.”
The Market’s Dovish Sentiment and Anticipated Rate Cut
Yardeni began by acknowledging the current sentiment in the markets, which he characterized as “very dovish.” This term, in the context of monetary policy, refers to the expectation that the Federal Reserve will adopt a more accommodative stance, particularly in light of recent economic data. The market, according to Yardeni, is pricing in the likelihood of a rate cut, with expectations ranging between 25 and 50 basis points. However, Yardeni firmly believes that a 25 basis points cut is the most probable outcome, aligning with the market’s dovish stance but suggesting a cautious approach by the Fed.
He explained that this anticipated rate cut is likely to be a singular action—hence his description of it as “one and done.” Yardeni argues that this modest cut will be sufficient to address current economic conditions, providing a boost without necessitating further reductions in the near term.
Economic Performance: Balancing Growth and Moderation
Yardeni provided a nuanced analysis of the broader economic landscape, highlighting both strengths and potential concerns. He noted that the U.S. economy is performing well overall, with key indicators suggesting resilience despite some areas of concern. For instance, inflation appears to be moderating, a crucial factor that supports the case for a more measured approach by the Federal Reserve. The labor market, another critical indicator, continues to show strength, further reinforcing Yardeni’s belief that the economy is not in need of aggressive monetary easing.
In an interview on CNBC on August 19, Ed Yardeni, the Founder and President of Yardeni Research, shared his thoughts on the Federal Reserve’s likely monetary policy moves as the September 2024 meeting approaches. Known for his keen market analysis and prescient economic forecasts, Yardeni presented a detailed perspective on why he expects the Federal Reserve to implement a 25 basis points rate cut—a move he describes as “one and done.”
The Market’s Dovish Sentiment and Anticipated Rate Cut
Yardeni began by acknowledging the current sentiment in the markets, which he characterized as “very dovish.” This term, in the context of monetary policy, refers to the expectation that the Federal Reserve will adopt a more accommodative stance, particularly in light of recent economic data. The market, according to Yardeni, is pricing in the likelihood of a rate cut, with expectations ranging between 25 and 50 basis points. However, Yardeni firmly believes that a 25 basis points cut is the most probable outcome, aligning with the market’s dovish stance but suggesting a cautious approach by the Fed.
He explained that this anticipated rate cut is likely to be a singular action—hence his description of it as “one and done.” Yardeni argues that this modest cut will be sufficient to address current economic conditions, providing a boost without necessitating further reductions in the near term.
Economic Performance: Balancing Growth and Moderation
Yardeni provided a nuanced analysis of the broader economic landscape, highlighting both strengths and potential concerns. He noted that the U.S. economy is performing well overall, with key indicators suggesting resilience despite some areas of concern. For instance, inflation appears to be moderating, a crucial factor that supports the case for a more measured approach by the Federal Reserve. The labor market, another critical indicator, continues to show strength, further reinforcing Yardeni’s belief that the economy is not in need of aggressive monetary easing.
