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.
If you find this post interesting then please like it and give @MU_Traders a vote 🗳️. Follow #MU_Traders for more.
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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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#BTC☀ #Write2Earn! #BinanceTurns7 #MtGoxRepayments #BinanceLaunchpoolDOGS
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.
#BinanceBlockchainWeek #LowestCPI2021 #CryptoMarketMoves #PowellAtJacksonHole #BlackRockETHOptions
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.
#Write2Earn! #CryptoNewss #CryptoMarketMoves #MtGoxRepayments #BinanceSquareFamily
$SOL Why Altcoins Surged Ahead by Double Digits This Week
As we entered the last weeks of summer, the crypto market began to heat up as if it was mid-July. Numerous news developments and trends that have powered rallies in digital coins and tokens in the past started to boost the market again. As a result, many were rising at comfortable, double-digit rates over the course of this week.
There was plenty of variety in that surge, too, data compiled by S&P Global Market Intelligence reveal. Smart contract platform anchor coin Tron (CRYPTO: TRX) was up by almost 19% across the period, with utility token Chainlink (CRYPTO: LINK) not far behind with a 17% gain. Everything-but-the-kitchen-sink chain BNB's (CRYPTO: BNB) native cryptocurrency advanced by nearly 13%, and holders of meme crypto Pepe (CRYPTO: PEPE) were surely pleased with its almost 18% rise.
A very pleasant late summer bounce-back
Cryptocurrencies experienced a slide -- well, let's call it a "correction" -- at the beginning of this month. U.S. economic data releases brought on fears of a looming recession, and that kind of environment isn't good for most financial assets. It's especially threatening for assets considered to be high risk, and even after all this time most cryptos (save for possibly Bitcoin and, at a stretch, Ethereum) are slotted into this category.
Compounding this growing fear, the Federal Reserve (Fed) resolutely stuck to its policy of leaving interest rates unchanged. All things being equal, lower rates tend to encourage market players to chase riskier investments, hence the crypto world's thirst for a Fed rate cut or several.
The situation changed notably in the middle of the month. Last week the inflation readout showed that the current macroeconomic bogeyman seemed to be fading considerably. The year-over-year rise in the consumer price index (CPI) was 2.9%, which was the first time it's landed below 3% since the pandemic month of March 2021. That figure was also well below many economists' projections.
Prediction: Solana Will Be the First Cryptocurrency to Get a Spot ETF in 2025
In the wake of the spot Bitcoin and Ethereum ETF approvals, there's been a lot of speculation about which crypto might be next. Already, a handful of names have been suggested, including all of the usual suspects: XRP, Solana (CRYPTO: SOL), Cardano, Litecoin, and Avalanche.
Of these, Solana has the best chance of getting a spot ETF. In fact, this could happen as early as January 2025. From my perspective, there are two key factors that make this likely to happen.
Market demand
In terms of market cap, Solana ranks fifth among all major cryptocurrencies. That's a huge determining factor, because market cap can be useful as a proxy for investor demand. As a general rule of thumb, Wall Street isn't going to launch a product if there isn't sufficient demand for it, so it's worth looking into how much demand is coming from both retail and institutional investors
At the end of June, crypto investment firm GSR ran the numbers and concluded that Solana trailed only Bitcoin and Ethereum in terms of overall demand. The firm's "demand analysis" took into account three key factors: (1) market cap and overall trading volume, (2) assets under management of investment products already in the marketplace, and (3) size, activity, and reach of the online community for a specific token. Across all of these metrics, Solana outpaced rivals XRP, Cardano, and Avalanche
There's also great data available from CoinShares, which tracks institutional investor inflows into and out of the major cryptocurrencies. According to its latest report from early August, Solana still has a clear lead over major rivals such as XRP, Cardano, and Litecoin in terms of year-to-date inflows. That being said, investor inflows into both Bitcoin and Ethereum dwarf anything that's happening with Solana right now
Regulatory outlook
Of course, there's no way that a Solana ETF is going to be approved if regulators have any doubts over whether Solana might actually be a security.
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#Gala Games Rumored to Launch Global Rewards Program for GALA Holders
In an unexpected turn, rumors have emerged that Gala Games is preparing to launch a global rewards program for $GALA holders. It is said that the program will offer massive rewards, potentially reaching millions of dollars, to all current token holders, as well as exclusive access to the company's gaming content. The rumor suggests that this initiative will soon be rolled out and could significantly impact the value of the #GALA token, presenting an unparalleled investment opportunity. However, no official confirmation has been made by the company, so this news should be approached with caution.
Promising Cryptocurrencies for Steady and Significant Growth
[Click here and VOTE me.](https://app.binance.com/uni-qr/cpro/QAMD?l=en&r=60984690&uc=app_square_share_link&us=copylink) Your Vote means courage.
1. NEAR Protocol (NEAR): Known for its innovative approach to blockchain technology, NEAR is gaining attention for its scalable solutions.
2. Cosmos (ATOM): A scalable and modular platform, Cosmos is continuously growing its ecosystem, facilitating blockchain interoperability.
3. Avalanche (AVAX): Renowned for its speed and decentralization, Avalanche is steadily expanding its ecosystem with increasing developer interest.
4. Chainlink (LINK): The leading decentralized oracle network, Chainlink connects smart contracts with real-world data, enhancing blockchain utility.
5. Cardano (ADA): Recognized for its robustness and scalability, Cardano is actively developing in the DeFi and NFT sectors.
6. Polygon (MATIC): As a layer-2 scaling solution for Ethereum, Polygon's increasing adoption makes it a critical component of the DeFi ecosystem.
7. Polkadot (DOT): This interoperability protocol offers vast potential for connecting various blockchains, creating a more interconnected decentralized web.
8. *Solana (SOL): Known for its high speed and scalability, Solana is rapidly building a strong presence in the DeFi space.
9. The Graph (GRT): Essential for decentralized data indexing and querying, The Graph plays a key role in enabling efficient blockchain applications.
These cryptocurrencies, while not promising exponential returns, are grounded in solid fundamentals and expanding ecosystems, positioning them well for steady, long-term growth.
[Click @QAMD and Vote it only takes 5-10 Seconds.](https://app.binance.com/uni-qr/cpro/QAMD?l=en&r=60984690&uc=app_square_share_link&us=copylink)
Follow for updates, analysis, trends and price predictions. Like and Share. Thanks.
Buy and enjoy. dyor.
$MATIC
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$ATOM
{spot}(ATOMUSDT)
$GRT
{spot}(GRTUSDT)
#BTC☀ #Write2Earn! #LowestCPI2021 #altsesaon #BinanceSquareFamily
Pavel Durov, the founder and CEO of Telegram, has been arrested in France following a search warrant linked to a preliminary investigation. French authorities allege that Telegram's insufficient moderation and lack of cooperation with law enforcement have made the platform complicit in various crimes, including drug trafficking and fraud. Durov could face charges related to multiple offenses, including terrorism, narcotics, and money laundering.
*🚨Ethereum Foundation's Transfer to Kraken Exchange*$ETH 🌏⤴️🪙
{spot}(ETHUSDT)
*Background*
- The Ethereum Foundation is a non-profit organization that supports Ethereum's development.
- The foundation transferred 35,000 ETH (approximately $94 million) to Kraken Exchange.
*Purpose*
- The transfer is part of the foundation's routine treasury management.
- The foundation needs to fund its annual budget of around $100 million.
*Funding and Expenses*
- The foundation's primary funding source is Ether (ETH).
- Expenses (grants, salaries, operational costs) are mostly in fiat currencies like US dollars.
*Conversion and Liquidity*
- The foundation converts ETH to fiat currencies to meet expenses.
- Kraken Exchange is a partner exchange that facilitates this conversion.
- The foundation diversifies assets to minimize risk, holding ETH and fiat currencies.
*Transfer Details*
- The transfer is a routine transaction aligning with the foundation's treasury management strategy.
- The foundation's executive director, Aya Miyaguchi, confirmed it was a conversion of assets, not a sale of ETH.
Bitcoin's 4-Hour Analysis: Key Insights for Newcomers (25 August 2024 !!
Support and Resistance Levels
Bitcoin is currently facing immediate resistance around $64,500. The support zone is solid at $63,000, with a potential drop to $61,500 if it falls below this level. These zones are crucial for understanding the next price movements.
RSI (Relative Strength Index)
The RSI is hovering around 60, indicating a neutral stance but with an upward momentum. This suggests that Bitcoin is not overbought, and there's room for a potential rise. Could this be the start of a bullish wave? 🤔
MACD (Moving Average Convergence Divergence)
The MACD lines have crossed, signaling a bullish trend, with the histogram also pointing in a positive direction. This alignment often indicates a continuation of an upward trend. Are we in for a significant breakout? 🚀
Volume Trends
Despite the price movement, volume remains consistent. However, higher volume is needed to confirm the bullish sentiment. Keep an eye on this—volume could be the key to Bitcoin's next big move! 🔍
Fundamental News
The current sentiment around Bitcoin is positive. No major negative news is expected, but inflation reports and SEC regulations could impact the price. Stay updated—fundamentals could shift the trend dramatically. 📢
This short-term analysis highlights key points to watch, but remember, the market can change rapidly with any significant news or economic reports.
Stay vigilant! 🔥✅ Like ❤️ | Comment 💬 | Retweet 🔁@khannamirr
#Marketupdates #CryptoUpdates #BitcoinAnalysis #MtGoxRepayments #Write2Earn!
Rug Pull in Crypto: The Exit Scam You Need to Watch Out For;
In the exciting yet risky world of cryptocurrency, a dangerous scam called the "rug pull" is catching many investors by surprise. This deceptive tactic can turn a promising investment into worthless tokens in an instant.
**What is a Rug Pull?**
A rug pull is a type of exit scam where scammers raise funds by selling a new token to investors and the public. Once they've accumulated enough money, they quietly shut down the project or disappear entirely, taking the funds and leaving investors with worthless tokens.
**How It Works**
Scammers launch a new token with enticing promises and flashy marketing. They attract investments from eager buyers, but once they've gathered a substantial amount, they pull the rug out from under everyone. The project vanishes, along with the money.
**Why It’s a Big Deal**
The aftermath of a rug pull can be devastating. Investors lose their money and are left holding tokens with no value. Beyond the financial loss, there's also a deep sense of betrayal and frustration as trust in the crypto world is shattered.
**High-Profile Scams**
Cases like the "Squid Game Token" have shown just how crafty these schemes can be. These incidents underscore the importance of vigilance and thorough research before investing.
**How to Protect Yourself**
1. **Research Thoroughly:** Investigate the team behind the project and their history.
2. **Examine the Code:** If possible, review the smart contract or have it audited for security.
3. **Diversify Investments:** Spread out your risk by avoiding putting all your funds into one project.
4. **Use Reputable Platforms:** Stick to established and trustworthy exchanges or platforms.
**Stay Safe**
While the crypto world offers exciting opportunities, it also comes with risks. Being aware of rug pulls and taking the necessary precautions can help safeguard your investments and ensure a secure financial journey.