⚠️ BREAKING UPDATES REGARDING $NOT $SYN $REEF
👉 [VISIT MY PROFILE VOTE FOR ME AND CLAIM YOUR REWARD](https://www.binance.com/en/square/profile/maidah_aw) 🙏
(NOT)
New Support: $0.010New Short-Term Target: $0.0112Analysis: The new support level for Notcoin is established at $0.010, indicating a potential reversal. The new short-term target is $0.0112, suggesting a possible price increase. Consider buying Notcoin if it holds above $0.0105, with a target of $0.0112. Stop-loss at $0.0095.
Synapse (SYN)
New Support: $0.550New Short-Term Target: $0.600Analysis: The new support level for Synapse is established at $0.550, indicating a potential bounce. The new short-term target is $0.600, suggesting a possible price increase. Consider buying Synapse if it holds above $0.570, with a target of $0.600. Stop-loss at $0.540.
Reef (REEF)
New Support: $0.000750New Short-Term Target: $0.000800Analysis: The new support level for Reef is established at $0.000750, indicating a potential reversal. The new short-term target is $0.000800, suggesting a possible price increase. Consider buying Reef if it holds above $0.000770, with a target of $0.000800. Stop-loss at $0.000740.
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#BTC☀ #Write2Earn! #BinanceTurns7#CryptoMarketMoves #BinanceLaunchpoolDOGS
Jerome Powell's recent address shed light on the ongoing economic recovery as the impacts of the pandemic continue to recede. He emphasized that inflation has notably eased, now at 2.5%—bringing it closer to the Federal Reserve's target of 2%. Simultaneously, the labor market is stabilizing, with unemployment rates at 4.3%, reflecting a softer job market than seen in previous years.
Looking ahead, Powell underlined the Federal Reserve's commitment to carefully managing inflation while avoiding a surge in unemployment. The approach will remain data-driven, with adjustments made in response to shifts in economic indicators. While job growth has decelerated, the uptick in unemployment is largely attributed to an expanding labor force rather than widespread layoffs. The possibility of future policy rate cuts also remains on the table, aimed at sustaining economic stability.
Furthermore, Powell hinted at a forthcoming review of the Federal Reserve's monetary policy framework. This review will incorporate insights gained during the pandemic and explore new strategies to enhance the effectiveness of the Fed’s policies in maintaining economic equilibrium.
#Write2Earn! #LowestCPI2021 #BinanceBlockchainWeek #CryptoMarketMoves #BlackRockETHOptions
🚀 BullRun Alert! 🚀
The market is in full throttle as Bitcoin ($BTC) has zoomed past $65K, currently trading at $64,425.65—a 6.38% leap! This bullish trend is setting the stage for Bitcoin to potentially reach $75K by year's end. 🌟
But that's not all! Ethereum (ETH) is riding the wave with a 5.71% rise to $2,773.80. SOL is up 5.65%, now at $151.62, and $PEPE has skyrocketed by 10.28%. Plus, new stars on the block like $TON and BANANA are making their mark—$TON up 3.08% to $6.733 and BANANA climbing 6.02% to $48.78. 📈
The momentum is undeniable. Don’t miss out on this exciting phase in the crypto market!
#BinanceBlockchainWeek #LowestCPI2021 #BlackRockETHOptions #Raiarmy #BinanceLaunchpoolDOGS
[VOTE AND EARN 5 DOLLARS](https://app.binance.com/uni-qr/cpro/CryptoPrincess?l=en&r=359246578&uc=app_square_share_link&us=more) 💵
JPMorgan Lowers Price Targets on Bitcoin Miners, Sees Buying Opportunity
Bitcoin Miners
In light of recent market changes and company-specific events, JPMorgan has cut its price expectations for Bitcoin miners like CleanSpark, Riot Platforms, and Marathon Digital.
JPMorgan revised its price targets for several prominent Bitcoin mining companies on August 23, reflecting recent market shifts and company-specific developments.
Despite the downgrades, the investment bank sees potential buying opportunities in select miners.
Factors Behind JP Morgan Price Downgrades on Bitcoin Miners’ Stock
The investment bank lowered its price targets due to two primary factors. The bank reduced its Bitcoin price prediction from $68,000 to $60,000, accounting for the decline in Bitcoin prices since its last update.
Additionally, the bank considered a higher baseline network hashrate assumption (increased from 600 to 615 exahash per second) and share count dilution in some mining companies.
These factors have led to a reduction in the target gross profit per EH/s estimates for the miners.
Particularly, JPMorgan analysts Reginald L. Smith and Charles Pearce provided updated price targets for several publicly traded Bitcoin miners. #LaraxenFamily #laraxen #Laraxenteam
🚨 CFTC Rejects Gemini's Appeal Bid, Trial Still Needed 🚨$ETH $SOL $MINA 🌏⤴️🪙
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The Commodity Futures Trading Commission (CFTC) has responded to Gemini Trust Co.'s appeal bid, stating that even if the Second Circuit rules in Gemini's favor, a trial would still be necessary to resolve disputed facts 🤔. The CFTC seeks penalties and disgorgement of profits related to allegedly misleading statements about a proposed bitcoin futures contract 📉.
🔍 Background:
- Gemini, a crypto exchange, proposed a bitcoin futures contract, which the CFTC alleges was misleading 📊.
- Gemini appealed the CFTC's decision, arguing it didn't have ultimate responsibility for the statements 📝.
🚫 CFTC's Response:
- The CFTC argues that even if Gemini didn't have ultimate responsibility, there are still disputed facts requiring a trial 🔍.
- The CFTC seeks:
- Disgorgement of ill-gotten gains 💸
- Civil monetary penalties 📊
- Injunctions relating to registration and trading 🚫
- Injunction against further violations of the Commodity Exchange Act (CEA) 📜
👮♂️ Implications:
- The CFTC's response emphasizes its commitment to holding Gemini accountable for alleged misconduct 🚨.
- A trial would provide an opportunity for both parties to present evidence and arguments, ensuring a fair and thorough examination of the case 🏛️.
The CFTC's stance sets the stage for a potentially significant trial, with implications for the crypto industry and regulatory oversight 🌐.
📰 Bank of Jamaica's Digital Currency Struggles to Gain Traction 📰
$BNB $KLAY $JST 🌏⤴️🪙
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🇯🇲 Locals Show Little Interest in State-Backed Digital Currency 🇯🇲
Despite the availability of JAM-DEX, the Bank of Jamaica's digital currency, through the Lynk digital wallet, users have shown surprisingly low interest 🤔. National Commercial Bank of Jamaica (NCB) CEO Bruce Bowen revealed that while the Lynk app has seen significant adoption, customers remain hesitant to use the Central Bank Digital Currency (CBDC) 📉.
🤝 Overcoming Resistance or Building a Broader Ecosystem? 🤝
Bowen questioned whether efforts should focus on overcoming this resistance or on developing a more comprehensive payment ecosystem 🤔. He emphasized the need for a more robust approach to increase adoption and drive innovation in the digital currency space 🚀.
🚨 Delays and Lack of Support from Local Banks 🚨
Bowen also criticized other local banks for not offering wallets for the CBDC, highlighting delays in launching such services ⏰. This lack of support has contributed to the slow adoption of JAM-DEX, hindering its potential to transform the payment landscape in Jamaica 🌴.
🔍 What's Next for JAM-DEX? 🔍
As the Bank of Jamaica continues to explore ways to increase adoption, it's clear that a more collaborative effort is needed to drive innovation and overcome user resistance 🤝. Will JAM-DEX find its footing, or will it remain a dormant initiative? Only time will tell ⏰.
🚀 Bitcoin's Massive Price Surge: What's Driving the Rally? 🚀
Bitcoin ($BTC) is currently trading at $BTC 64,108.17, marking a significant increase in value. Several key factors are fueling this bullish momentum:
1. Upcoming 2024 Bitcoin Halving:
The anticipation of the Bitcoin halving event in April 2024 is a major driver. During this event, the rewards for mining new Bitcoin blocks will be halved, reducing the supply of new Bitcoin entering the market. Historically, halving events have been followed by substantial price increases due to the reduced supply and heightened demand.
2. Increased Accumulation by Large Investors
: Whales, or large investors, have been actively accumulating Bitcoin, which reduces the amount of BTC available on exchanges. This accumulation reflects strong confidence in Bitcoin’s future price growth and contributes to the upward pressure on prices.
3. Institutional Adoption and Bitcoin ETFs
: The introduction of Bitcoin ETFs and growing acceptance by institutional investors have led to more money flowing into the market. This broader adoption by traditional financial institutions has provided additional support for Bitcoin's price.4. **Short Liquidations**: The recent price surge has also led to substantial short liquidations, where traders who bet against Bitcoin were forced to cover their positions, creating additional upward momentum.Bitcoin's value is being influenced by both fundamental factors and market sentiment, making it essential for traders to stay informed about the latest developments.#BTC #Crypto #Bitcoin #MarketUpdate #Binance
BREAKING: 🚨 FOMC Minutes Spark Bitcoin Rally!
Bitcoin surges above $61,000 as FOMC meeting minutes hint at September rate cuts!
Key Takeaways:
- 67.5% chance of 25 basis point cut
- 32.5% chance of 50 basis point cut
- Bitcoin perpetual futures funding rate turns positive
- Price touches $62k, settles around $61k
- Investor interest grows, bullish sentiment builds
Market Analysis:
- Bitcoin breaks out of narrow range ($59,900 - $61,000)
- Uncertainties fade, optimism rises
- Q4 looks promising, get ready for liftoff!
Stay ahead of the curve, stay informed!
#bitcoin☀️ #InvestorSentiment #marketanalysis #FinancialNews #Investing"
$1000SATS /USDT Technical Analysis & Market Update
Current Price: $0.0003902 (+22.36%)
1000SATS is showing strong bullish momentum, trading at $0.0003902 with a significant gain of 22.36%. The price is supported by key moving averages, indicating ongoing bullish sentiment.
Resistance: The next resistance level is at $0.0004082. A break above this level could lead to further gains.
Support: On the downside, support is at $0.0003770. A break below this might trigger a pullback.
Long Trade: Consider entering above $0.0004082, targeting $0.0004200 and $0.0004300.
Short Trade: Consider entering below $0.0003770, targeting $0.0003600 and $0.0003400.
#1000SATS #MtGoxRepayments #BinanceLaunchpoolDOGS #CryptoMarketMoves
{spot}(1000SATSUSDT)
Tether Holdings, the powerhouse behind the world’s largest stablecoin USDT, has decided to *not* launch its own blockchain. Why? The market’s already brimming with top-tier options! CEO Paolo Ardoino noted, “Blockchains are becoming commodities.”
With a $117 billion market cap, USDT remains a global leader in crypto trading and remittances. Tether's decision showcases strategic thinking—why reinvent the wheel when you’re already dominating the road?
Stay ahead with Binance, where the future of finance is shaped! 🚀 #RaiTeam #Raiarmy
$NEAR 2.0 IS LIVE! 🔥 Is This The Beginning of Something Really Big? 👇
NEAR Protocol has officially launch Nightshade 2.0 on Mainnet! That's a massive upgrade that will improve chain performances and decentralization. The key element about this upgrade is the stateless validation which increases the ability to add more shards. But let's break down the complexity of Nightshade 2.0 with an example!
- [Please, don't forget to Cast Your Vote](https://app.binance.com/uni-qr/cpro/InnovAlain?l=en&r=376316070&uc=web_square_share_link&us=copylink) 🙏
Imagine the NEAR network as a school with multiple classrooms (shards). Before Nightshade 2.0, each classroom had to keep its own attendance records, which took time... With Nightshade 2.0, the teachers (validators) can now access a central attendance system (stateless validation), so they can focus on teaching instead of keeping the records. In such way, the school can add more classrooms without any confusion, allowing it to handle way more students (transactions) smoothly while the school grows!
- In my opinion, this upgrade positions NEAR Protocol for major growth and adoption, making it a strong and competitive player among the L1s!
Will NEAR Reach $10 Soon? 🤔 Let Me Know In Comments!
STAY TUNED! 🔥 & Remember, Your Support Is MASSIVELY Appreciated!👍💪 Also Don't Forget To Share It To Your Buddy! 🎅 - DYOR 🙏 NFA.🤝
#NEARProtocol #Nightshade #NearBullish #Nearprice
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Here are some coins that could skyrocket your crypto portfolio:
1. $SOL - Speed meets scalability! Solana is blazing a trail in the DeFi space, setting new standards.
2. $DOT - Polkadot is breaking barriers with its game-changing interoperability, linking blockchains like never before.
3. $ATOM - Cosmos is building a universe of possibilities with its scalable and modular ecosystem.
4. $LINK - Chainlink is the go-to for connecting smart contracts with real-world data, making it the backbone of decentralized oracles.
5. $ADA - Cardano is making headlines in DeFi and NFTs, backed by its robust and scalable infrastructure.
6. $MATIC - Polygon is leading Ethereum’s layer-2 scaling revolution, with adoption soaring across the industry.
7. $AVAX - Avalanche is speeding ahead, focusing on decentralization and a rapidly growing ecosystem.
8. $GRT - The Graph is the cornerstone of decentralized data indexing, vital for blockchain applications.
9. $NEAR - NEAR Protocol is pushing the envelope with innovative and scalable blockchain solutions.
These power-packed coins are fueled by strong fundamentals and vibrant ecosystems, making them prime candidates for significant growth. 🚀
#CryptoGems #BinanceInvest #DeFiRevolution #BlockchainFuture #CryptoPotential