$USDC Donald Trump promotes new crypto platform to take on banks
Mysterious DeFiant Ones project claims to be the ‘future of finance’
Donald Trump has announced plans to launch a new cryptocurrency platform that he claims will challenge the dominance of big banks and take on “financial elites”.
The Republican candidate, who in recent months has pitched himself as the first ‘crypto president’, promoted the new DeFiant Ones platform in a post to Truth Social on Thursday, though gave few details about what it will involve.
For too long, the average American has been squeezed by the big banks and financial elites,” the former US president wrote in the post to his 7.5 million followers. “It’s time we take a stand – together.”
The post included a link to a channel on the messaging app Telegram, which has already attracted more than 40,000 subscribers.
The channel offers no further information about the project, though promises the followers that it will be “the future of finance”.
Last month, Mr Trump appeared as a keynote speaker at the Bitcoin 2024 conference in Nashville, outlining his plans for the crypto industry if he wins November’s election
He told the crowd that he would “immediately appoint a bitcoin and crypto presidential advisory council” and create a “national bitcoin stockpile” from seized criminal funds.
His comments came less than three years after he said that he was “not a fan” of bitcoin and dismissed it as a “scam”.
Both of his sons have been teasing the new DeFiant Ones crypto platform in recent days, with Eric Trump describing it as “digital real estate” in an interview with the New York Post. Digital real estate could either refer to the tokenisation of real-world assets, or the creation of virtual property within the metaverse.
#BinanceBlockchainWeek
Pavel Durov, the visionary behind Telegram, has just been arrested in France. This shocking development is not just an attack on one man but a direct assault on freedom itself. Telegram has been a beacon for liberty, championing privacy and free expression in a world where these values are increasingly under threat. Today, they target an app that empowers millions to communicate freely; tomorrow, they will come for decentralized finance (DeFi) and the broader crypto ecosystem. This is a clear warning shot.
If you claim to support cryptocurrency and the ideals it stands for—decentralization, privacy, and freedom—you must stand up now. The arrest of Durov is a critical moment, a test of our collective resolve. We cannot allow the powers that be to stifle innovation and silence those who challenge the status quo. This is more than just a fight for one man's freedom; it's a battle for the future of digital sovereignty.
#FreeDurov is not just a hashtag; it’s a call to action. The time for digital resistance is now. Stand up, speak out, and defend the principles that unite us.
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#Durov #TelegramCEO #BinanceLaunchpoolDOGS
⚠️ Breaking Updates Regarding $BOME $SUI $WLD
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BOME: Bullish Momentum
BOME is showing strong bullish momentum. The price is now above the 50-day moving average, and the RSI is trending upwards. However, the MACD is showing signs of neutrality.
Support: $0.0075
Resistance: $0.0085
Next Target: $0.0090
SUI: Uptrend Continuation
SUI’s recent increase has confirmed the continuation of its uptrend. The price is above the 50-day and 200-day moving averages, indicating a strong bullish trend. The RSI is trending upwards, and the MACD is showing a bullish crossover.
Support: $0.95
Resistance: $1.05
Next Target: $1.10
WLD: Bullish Breakout
WLD is showing strong bullish momentum. The price is above the 50-day and 200-day moving averages, and the RSI is trending upwards. The MACD is also showing a bullish crossover, indicating further upside potential.
Support: $1.80
Resistance: $2.00
Next Target: $2.10
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Trump’s mystery crypto project causes MAGA token to suddenly surge in price
DeFiant Ones is latest project in Trump’s bid to be the first ‘crypto president
A fringe cryptocurrency has shot up in value by more than 50 per cent after Donald Trump teased the launch of a mysterious new crypto project.
The MAGA token, which is not officially linked to the Republican candidate or his campaign, surged in price from around $2.65 on Wednesday to above $4 on Thursday after Mr Trump promoted the DeFiant Ones platform to his followers on Truth Social.
The sudden increase in price bucked broader market trends, with the overall crypto market rising less than 1 per cent over the same time period.
The former US president wrote in his Truth Social post that the DeFiant Ones project would challenge the dominance of “the big banks and financial elites”, adding: “It’s time we take a stand – together.”
He also shared a link to the official Telegram channel for DeFiant Ones, which has attracted more than 40,000 followers despite offering no further information about the new platform.
His son, Eric Trump, offered a few details about what it might offer earlier this month, telling the New York Post that it involved “digital real estate” that will disrupt the finance industry.
It’s equitable,” he said. “It’s collateral anyone can get access to and do so instantly. I don’t know if people realise what a shake up that is for the world of banking and finance. I hope we can help change that.”
Donald Trump has courted support from the crypto industry in recent months, despite having previously referred to bitcoin as a “scam”.
In July, the billionaire appeared at the Bitcoin 2024 conference in Nashville to deliver a keynote speech. During the 45 minute appearance, he promised to create a “national bitcoin stockpile” and form a “bitcoin and crypto presidential advisory council”.
Pitching himself as the “crypto president”, he is the first presidential candidate for a major US party to own cryptocurrency.
$TON Takes a Hit, But Remains Strong 📉⛈️
TON experienced a significant price drop today following news of Telegram founder Pavel Durov's detainment in France. 👀 However, the TON community has swiftly responded with a statement of support.
The TON community has reaffirmed its commitment to freedom of speech and decentralization, standing by Durov during this challenging time. They emphasize that the project remains strong and operational, and that their mission to promote an open and decentralized internet will continue. 😤💪
While the price drop is a setback, it's important to remember that the fundamentals of the #TON project remain solid. The community's unwavering support for Durov and their commitment to their mission are positive signs for the future of TON.
Let's stay united and continue to build a strong and resilient TON community. DYOR! #decentralization #Altcoins
On August 24, 2024, the U.S. dollar experienced a significant decline as Federal Reserve Chair Jerome Powell provided a clear indication that the much-anticipated interest rate cut is likely to occur in September. This shift sent ripples through the currency markets, with sterling surging to its highest level in over two years. Additionally, the euro reached a 13-month high, while the dollar hit a 17-day low against the yen.
During his keynote address at the Kansas City Fed's annual economic symposium in Jackson Hole, Powell emphasized the need for a policy adjustment, citing reduced inflation risks and increased challenges in the labor market. This stance fueled market speculation, with traders placing a 65% probability on a quarter-point rate cut at the upcoming Federal Reserve meeting, while the likelihood of a more substantial 50-basis-point reduction also increased. The dollar's weakness was evident as the dollar index fell 0.81%, reflecting the broader impact of Powell's remarks on global currencies.
Sterling gained strength, rising to $1.32295, its highest since March 2022, supported by positive economic indicators from the UK. Meanwhile, the euro climbed to $1.1195, and the yen strengthened to 144.27 per dollar. Other currencies, including the Swiss franc and Canadian dollar, also saw gains against the greenback, as market participants digested the implications of a potential shift in U.S. monetary policy.
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Bitcoin Surges to Nearly $64K, Adding to Gains as RFK Jr. Endorses Trump
#BinanceBlockchainWeek
Sluggish crypto prices were on the receiving end of two positive catalysts on Friday, first as U.S. Federal Reserve Chairman Jerome Powell confirmed that a monetary easing cycle will begin next month, and then as crypto-friendly RFK Jr. threw his support behind the (also crypto-friendly) GOP standard-bearer Donald Trump in the presidential campaign.
Already higher by about 3% on the Fed news, bitcoin {{BTC}} rose further following the Kennedy announcement, trading at $63,800 at press time, or up 5.6% over the past 24 hours. The broader CoinDesk 20 Index was up 4.7% over the same time frame, with ether {{ETH}}, tezos {{XTX}} and solana {{SOL}} among the tokens posting 5% or more gains.
$BTC
Even with Kennedy exiting and endorsing Trump, the presidential race still appears to be about a 50/50 contest, but the conventional thinking at the moment suggests the removal of Kennedy from the ballot in the so-called "battleground" states will mostly benefit the GOP candidate.
Both Trump and Kennedy have promised a far friendlier attitude towards bitcoin and crypto than has been exhibited by the Biden administration, with Trump suggesting the U.S. create a bitcoin strategic reserve and the promising the immediate firing of SEC chief Gary Gensler. The Harris campaign has apparently taken notice. A senior Harris adviser earlier this week said a Harris administration would be supportive of the growth of the crypto industry.
_🚨Kraken's Court Case 🏛️_
$BTC $ETH $RUNE 🌏⤴️🪙
{spot}(RUNEUSDT)
{spot}(ETHUSDT)
{spot}(BTCUSDT)
Kraken, a leading cryptocurrency exchange, has been embroiled in a legal battle with the SEC 🚨. The SEC charged Kraken with operating an unregistered securities exchange, broker, dealer, and clearing agency 📝. The agency identified 16 crypto tokens as securities in the lawsuit 📊.
_Motion to Dismiss 📝_
Kraken filed a motion to dismiss the SEC's lawsuit, arguing that the agency's allegations relied on an untested theory 🤔. The theory suggests that any digital asset that increases in value can be considered a security 📈. Kraken's legal team argued that this theory is too broad and could have far-reaching implications for the crypto industry 🌊.
_Court Ruling 🏛️_
The court ruled in favor of Kraken, dismissing the SEC's lawsuit 🎉. However, this ruling does not mean that Kraken has triumphed in the broader sense 🤔. The SEC can still refile the lawsuit, and the court's decision does not address the underlying issue of whether crypto tokens are securities 📊.
_Regulatory Clarity 🔍_
The court's ruling provides some regulatory clarity, but the issue remains complex 🔀. The SEC's allegations highlight the need for clear guidelines on what constitutes a security in the crypto space 📝. The industry awaits further developments and clarity on this critical issue 🕰️.
_Industry Implications 🤯_
The outcome of this case could have significant implications for the crypto industry 🌊. If the SEC succeeds in labeling crypto tokens as securities, it could lead to increased regulation and oversight 🚫. On the other hand, if Kraken emerges victorious, it could embolden other crypto companies to push back against SEC enforcement actions 💪.
$TON & $NOT Coins Dump Reason 🚨
#Telegram CEO PAVEL DUROV arrested ‼️
The order was issued because Durov didn't cooperate with the French cops, which makes him an accomplice in drug trafficking and other serious crimes, according to TF1.
Investigators have placed Durov in custody, says TF1.
Pavel Durov is to be presented to the judge this Saturday evening, where he will be charged with numerous crimes.
Possible charges include terrorism, drugs, accomplice activity, fraud, money laundering, concealment, and pedophilic content, according to TF1.
The main complaint from the EU authorities against Telegram is encrypted messages, TF1 reports.
"For many years, it has become the number one platform for organized crime," said the investigator.
What the hell is going on...
The founder of the messaging app Telegram, Pavel Durov, has been detained in France at Paris-Le Bourget Airport after he arrived in Paris on a private jet ☄️
The authorities believe that Telegram's lack of moderation, cooperation with law enforcement and the tools it provides make it an accomplice to drug trafficking, pedophilia and fraud.
After this news, the $TON coin fell by 15% 🤑
_⚠️✋️💥Bitcoin's Price Surge 🚀_
$BTC 🌏⤴️🪙
{spot}(BTCUSDT)
Bitcoin's price has climbed to $64,000, marking a significant milestone in its recent performance 📈. This surge is driven by strong market support and positive technical indicators 📊. The cryptocurrency's price has broken through the $64,000 barrier, indicating a bullish trend 🐂.
_Strong Market Support 🤝_
The market's optimism is reflected in Bitcoin's price, with investors showing increased confidence in the cryptocurrency 💸. This support is driven by various factors, including:
- Increased adoption and mainstream recognition 🌎
- Improving fundamentals, such as hash rate and transaction volume 📊
- Positive sentiment among investors and traders 📈
_Positive Technical Indicators 📊_
Technical indicators are also pointing to a bullish trend for Bitcoin 📈. These include:
- Moving averages: Bitcoin's price is above its 50-day and 200-day moving averages 📈
- Relative Strength Index (RSI): Bitcoin's RSI is above 50, indicating increased buying pressure 💪
- Bollinger Bands: Bitcoin's price is above its upper Bollinger Band, indicating a breakout 🚀
_Volatility Reminder 🚨_
While Bitcoin's price surge is a positive development, it's essential to remember that the cryptocurrency market can be volatile 🚨. Prices may fluctuate rapidly, and investors should be cautious of potential pullbacks 📉.
_What's Next? 🤔_
As Bitcoin's price continues to rise, investors and traders will be watching for potential resistance levels and indicators of a sustainable trend 📊. The cryptocurrency's performance will likely be influenced by various factors, including regulatory developments, global economic trends, and market sentiment 🌎.
#BreakingCryptoNews Telegram CEO Pavel Durov arrested at French airport
Telegram chief executive Pavel Durov has been arrested by French police at an airport north of Paris.
Mr Durov was detained after his private jet had landed at Le Bourget Airport, French media reported.
According to officials the 39-year-old had been arrested under a warrant for offences related to the popular messaging app.
Russia's embassy in France is taking "immediate steps" to clarify the situation, according to Russia's TASS state news agency.
Durov had been travelling on his private jet, French TV channel TF1 said on its website.
Telegram is particularly popular in Russia, Ukraine and former Soviet Union states.
The app was banned in Russia in 2018, after a previous refusal by Mr Durov to hand over user data.
But the ban was reversed in 2021.
Telegram is ranked as one of the major social media platforms after Facebook, YouTube, Instagram, TikTok and Wechat.
Mr Durov founded Telegram in 2013 and he left Russia in 2014 after refusing to comply with government demands to shut down opposition communities on his VKontakte social media platform, which he sold.
#Telegram #pavelarrested #BinanceBlockchainWeek #socialmedia
$LUNA /USDT
**Spot and Resistance: Key Concepts in Trading**
In trading, "spot" and "resistance" are crucial terms that every trader should understand. The "spot" price refers to the current market price at which an asset is bought or sold for immediate delivery. It is the real-time price at which a financial instrument is trading on the market. Understanding the spot price is essential for traders as it helps them make informed decisions about buying or selling assets.
On the other hand, "resistance" refers to a price level where an asset experiences selling pressure, preventing it from rising further. This level acts as a barrier that the price struggles to break above. Traders often use resistance levels to identify potential sell points or to place stop-loss orders to manage risk. When the price finally breaks through a resistance level, it may signal a potential upward trend, leading to increased buying interest.
In summary, mastering the concepts of spot price and resistance is fundamental for successful trading. By understanding these concepts, traders can better predict price movements, identify profitable entry and exit points, and effectively manage their trading strategies.#MtGoxRepayments #BinanceLaunchpoolDOGS #PowellAtJacksonHole #CryptoMarketMoves #BinanceBlockchainWeek
{spot}(LUNAUSDT)
$ETH Kraken Must Face SEC Suit Over Crypto Exchange Registration
Bloomberg) -- Cryptocurrency platform Kraken must face a US Securities and Exchange Commission lawsuit accusing it of operating an unregistered securities exchange, a judge ruled
The SEC has plausibly alleged that at least some of the cryptocurrency transactions that Kraken facilitates on its network constitute investment contracts, and therefore securities, and are accordingly subject to securities laws,” US District Judge William H. Orrick wrote in an opinion published Friday in San Francisco federal court
Kraken had asked the judge to dismiss the case filed by the SEC in November. The ruling comes after Bloomberg News reported in early June that Kraken, one of the oldest crypto exchanges, was considering raising a final funding round ahead of a possible initial public offering
The judge said the SEC’s labeling of Kraken tokens as “crypto asset securities” is “unclear at best and confusing at worst.” Orrick went on to say that he’s reading the agency’s claims to be focused on assets offered as part of investment contracts, and not as allegations that individual cryptocurrency tokens are themselves securities.
Kraken’s chief legal officer hailed the ruling as a finding that none of the tokens trading on Kraken are securities.
“This is a significant win for Kraken, for the principle of clarity and for crypto users everywhere,” Marco Santori said in a post on X, the social media platform. “It also confirms Kraken’s long-standing position that it does not list securities.”
An SEC spokesperson said the ruling confirms that “the framework used to identify securities for nearly 80 years still applies, regardless of the labels used.
“Investors in crypto assets offered or sold as securities should get the same protections as investors in other securities, even when they are traded using intermediaries,” the spokesperson said in a statement
The SEC under Chair Gary Gensler argues most digital tokens are unregistered securities that should be subject to its oversight
$BNB
Best crypto staking platforms of 2024
Crypto staking allows owners of cryptocurrency to earn a return on their holdings, paying them more cryptocurrency. The easiest way to do that for the owners of major cryptocurrencies is by working with one of the best crypto exchanges for staking. These exchanges make staking easy for everyone and make it possible for those with small crypto positions to enjoy staking rewards.
What is crypto staking?
Cryptocurrencies must validate the transactions on their platforms, and many use those who have a direct stake in the crypto to do so. These currencies use “proof-of-stake” validation to verify transactions in the blockchain database. Usually, a currency’s owners must have a minimum amount of the crypto coin to be able to act as a validator and approve transactions.
For helping to regulate the cryptocurrency, validators are paid with some of the cryptocurrency. However, if validators approve a fraudulent transaction that doesn’t meet the cryptocurrency’s rules, they could lose some of their investment, so it’s not a riskless proposition.
Even those who don’t have enough of a stake can participate in these staking rewards, however. On their own, they can pool their resources with other crypto owners and participate, though this process may be somewhat complex. Alternatively, if their assets are held with a crypto exchange, they can stake their assets more easily and still earn an attractive return.
Many of the most popular cryptocurrencies, such as Ethereum, use proof-of-stake validation, so crypto fans have quite a few choices when it comes to earning staking rewards.
Best crypto staking platforms
The ability to stake your crypto through a crypto exchange is not a given, and the best crypto exchanges let you stake many coins and charge a reasonable fee or even no fee to do so.
Binance.(US)
Binance has one of the largest selections of available cryptocurrencies, so it’s not too surprising that it also offers one of the largest selections of coins with staking rewards.
Three years ago, I took a leap of faith and invested $3,000 in cryptocurrency. I knew the risks, but I was eager to explore this new world. Fast forward to today, and that initial investment has grown to over $500,000. It hasn’t been an easy journey, but the lessons I’ve learned are priceless, and I want to share them with you.
Please click follow : @CryptoBoosterGlobal
Here’s what I’ve earned from 3 years of navigating the cryptocurrency landscape:
1. Mistakes Are Opportunities for Growth
In the beginning, I made plenty of mistakes, often following the hype and losing money. But every loss taught me something valuable, helping me refine my approach and avoid even bigger pitfalls.
2. Diversification Is Key
I initially put all my money into a single coin that I believed was a sure thing. After a tough lesson, I realized the importance of spreading my investments across different assets to minimize risk and maximize potential returns.
3. Patience Pays Off
In my early days, I was constantly chasing quick gains, which only led to stress and losses. I learned to focus on long-term growth and invest in projects with solid fundamentals, allowing my portfolio to grow steadily over time.
4. Continuous Learning Is Essential
The crypto market is always evolving. I made it a point to stay informed by reading, taking courses, and engaging with experienced traders. This ongoing education has been crucial in adapting to market changes and seizing new opportunities.
5. Stick to Your Plan
One of the most important lessons I learned is the value of having a clear strategy. By developing a plan and sticking to it, I avoided emotional decisions and unnecessary risks, which contributed greatly to my success.
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⚠️ Breaking Updates Regarding $ENA $ZRO $BANANA
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ENA: Uptrend Continuation
ENA’s recent increase has confirmed the continuation of its uptrend. The price is above the 50-day and 200-day moving averages, indicating a strong bullish trend. The RSI is trending upwards, and the MACD is showing a bullish crossover.
Support: $0.35
Resistance: $0.40
Next Target: $0.45
ZRO: Bullish Momentum
ZRO is showing strong bullish momentum. The price is above the 50-day and 200-day moving averages, and the RSI is trending upwards. The MACD is also showing a bullish crossover, indicating further upside potential.
Support: $4.00
Resistance: $4.50
Next Target: $5.00
BANANA: Consolidation Breakout
BANANA has broken out of its consolidation phase. The price is now above the 50-day moving average, and the RSI is trending upwards. However, the MACD is showing signs of neutrality.
Support: $50.00
Resistance: $52.00
Next Target: $55.00
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Urgent Alert for Everyone
🛑 Time to Face Reality and Cut Your Losses
In the world of investing and trading, one of the toughest pills to swallow is acknowledging your losses. On Binance Square, I often see posts encouraging folks to "Hold on! This crypto will bounce back! Just wait, it’ll rise again!"—especially when it comes to popular tokens like $SHIB and $FLOKI .
While this might be hard to hear, it’s important to understand this truth: stop listening to those who tell you to hold indefinitely—they don’t have any more insight than you do. These voices often come from people who are trying to convince themselves that their investments aren’t a lost cause. They bought into these cryptos during hype-driven rallies and are now paying the price.
The idea that "If I haven’t sold, I haven’t lost" is a dangerous misconception. If you see that one of your investments is failing and likely to continue its decline, holding onto it just because it’s currently at a loss is unwise. The market is filled with new opportunities, and clinging to a sinking asset can make you miss out on more promising ones.
Think of it like this: If you own a property yielding 10% annually, but you’re offered another property with a 30% return, would you turn down the new opportunity just because your current investment is underperforming? Holding onto a poor investment out of stubbornness is unproductive and a missed opportunity for greater gains. Recognize your mistake, learn from it, and move forward.
This post reflects my personal opinion.
Thank you for taking the time to read. If you found this advice helpful, please like, comment, and share this post. Your support means a lot, and it helps me continue to educate others about the crypto market. Tips are also appreciated as they help sustain these efforts. Many thanks to those who contribute.
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RFK Jr.’s Suspended White House Bid Creates Chaos on Polymarket
Yesterday, Robert F. Kennedy Jr. announced that he was “suspending” his presidential campaign and instead endorsing former President Donald Trump. However, the nuance of his words has resulted in confusion and wild price swings on the prediction market Polymarket.
Specifically, the resolution of a Polymarket event contract with over $300,000 in total bets hinged on whether RFK Jr. would “drop out Friday.”
The market would resolve “Yes” if Kennedy “officially announces his withdrawal.” However, as Kennedy emphasised he was “simply suspending” and “not terminating” his campaign, those odds nosedived to a 6% chance. The drop occurred in a matter of minutes.
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