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Breaking:🚨 President Joe Biden Names Condition To Drop Out Of White House Race
After stating that he was not going to back down from the presidential race, Democrats nominee Joe Biden has given a condition for possible reconsideration.
Joe Biden Was Certified Fit For Presidential Race
During a recent interview, Biden was asked if there was anything that could make him reconsider re-running for the office of the United States president. In response to this question, the 46th president of the U.S. said he would consider dropping out of the presidential race if he was not in a good medical state.
Unfortunately for his rivals, Biden added that none of his doctors have told him he has any serious medical condition. After his physical examination in February, Dr. Kevin O’Connor, the White House physician, wrote that Mr. Biden is “a healthy, active, robust, 81-year-old male who remains fit to successfully execute the duties of the presidency.”
However, his performance at a recently held debate with his core opponent Donald Trump, says otherwise. Most of Biden’s speeches were incoherent and unclear. Even Artificial Intelligence (AI) tool ChatGPT pointed out the flop in his speeches during the debate. While he was described as one with empathy and social awareness by the AI tool, Biden’s unclear and fragmented responses raised concerns about his ability to communicate effectively, particularly in a professional setting.
Democrats Consider Replacing Biden on Dementia Claims
Some key crypto industry players have weighed in on the matter, suggesting that he may be suffering from dementia. Cardano founder Charles Hoskinson and former Ripple director Sean McBride joined the conversation. Hoskinson criticised the Democrats party for not holding a primary that could have revealed Biden’s cognitive decline. He further suggested that the lack of a primary amounted to the party making decisions for the voters.
#BinanceTurns7 #Write2Earn! #US_Job_Market_Slowdown #SOFR_Spike #BinanceTournament
Joe Biden Was Certified Fit For Presidential Race
During a recent interview, Biden was asked if there was anything that could make him reconsider re-running for the office of the United States president. In response to this question, the 46th president of the U.S. said he would consider dropping out of the presidential race if he was not in a good medical state.
Unfortunately for his rivals, Biden added that none of his doctors have told him he has any serious medical condition. After his physical examination in February, Dr. Kevin O’Connor, the White House physician, wrote that Mr. Biden is “a healthy, active, robust, 81-year-old male who remains fit to successfully execute the duties of the presidency.”
However, his performance at a recently held debate with his core opponent Donald Trump, says otherwise. Most of Biden’s speeches were incoherent and unclear. Even Artificial Intelligence (AI) tool ChatGPT pointed out the flop in his speeches during the debate. While he was described as one with empathy and social awareness by the AI tool, Biden’s unclear and fragmented responses raised concerns about his ability to communicate effectively, particularly in a professional setting.
Democrats Consider Replacing Biden on Dementia Claims
Some key crypto industry players have weighed in on the matter, suggesting that he may be suffering from dementia. Cardano founder Charles Hoskinson and former Ripple director Sean McBride joined the conversation. Hoskinson criticised the Democrats party for not holding a primary that could have revealed Biden’s cognitive decline. He further suggested that the lack of a primary amounted to the party making decisions for the voters.
#BinanceTurns7 #Write2Earn! #US_Job_Market_Slowdown #SOFR_Spike #BinanceTournament
Breaking:🚨 Standard Chartered, Animoca Brands Enter Hong Kong Stablecoin Sandbox 🚨
On Thursday, July 18, the Hong Kong Monetary Authority (HKMA) announced the list of participants for its stablecoin issuer sandbox. This initiative, launched in March 2024, aims to boost a sustainable and responsible development of the stablecoin ecosystem in Hong Kong. Key sandbox participants include Standard Chartered Bank and Animoca Brands.
Hong Kong’s Stablecoin Sandbox Details
The other participants include Jingdong Coinlink Technology, RD InnoTech, and Hong Kong Telecommunications. HKMA selected these institutions based on their genuine interest and impressive business plans for development of stablecoins in Hong Kong. Hence, they will start participating in the sandbox effective immediately.
Moreover, the HKMA emphasized that these operations will be conducted within a limited scope and under a risk-controllable framework. The sandbox is part of the HKMA’s broader effort to establish a regulatory regime for fiat-referenced stablecoin (FRS) issuers.
On July 17, the Financial Services and the Treasury Bureau (FSTB) and the HKMA jointly released the consultation conclusions on the legislative proposal for this regime. The consultation, conducted over two months and concluded in February, received 108 submissions from various market participants, industry associations, and other stakeholders.
Binance and Circle also participated in the Hong Kong regulatory consultation. A vast majority of respondents supported the introduction of a regulatory framework for FRS issuers. This support is rooted in the increasing prevalence and evolving nature of virtual assets.
It also reflects the need to manage potential monetary and financial stability risks effectively. Hence, the proposed regulatory requirements and implementation arrangements received broad support. Meanwhile, the respondents also suggested some changes to the regime.
Official Statements By HK Authorities
The Secretary for Financial Services and the Treasury, Mr. Christopher Hui weighed in the development. He stated, “In addition to the existing regulatory regime for VA trading platforms, the establishment of a licensing regime for FRS issuers will further strengthen the VA regulatory framework in Hong Kong in line with international standards and effectively mitigate possible financial stability risks associated with FRS issuance activities.”
The Chief Executive of the HKMA, Mr. Eddie Yue, expressed gratitude for the valuable feedback received during the consultation period. He noted, “We are grateful for the respondents’ valuable comments and are encouraged by the general support for the proposed regulatory regime. We believe that a well-regulated environment is conducive to the sustainable and responsible development of the stablecoin ecosystem in Hong Kong.”
Sandbox Operations And Safeguards
Hong Kong Monetary Authority’s sandbox allows selected institutions to test their stablecoin issuance operational plans within a controlled environment. This initiative facilitates two-way communication on proposed regulatory requirements. Hence, it aids in the formulation of a fit-for-purpose and risk-based regulatory regime.
Thus, participants are expected to comply with stringent sandbox requirements. Initially, they will not handle the general public’s funds or solicit funding from the public. The HKMA has cautioned the public to remain vigilant against potential scams related to the sandbox and promised timely announcements if sandbox participants are allowed to handle public funds under limited scope adjustments.
The sandbox is designed to enable participants to develop and refine their stablecoin issuance models while ensuring risks are minimized. This step-by-step approach aims to balance innovation with the need for robust regulatory oversight. This enables a secure and dynamic environment for virtual asset development in Hong Kong.
#BinanceTurns7 #SOFR_Spike #BinanceTournament #Write2Earn! #Megadrop
Hong Kong’s Stablecoin Sandbox Details
The other participants include Jingdong Coinlink Technology, RD InnoTech, and Hong Kong Telecommunications. HKMA selected these institutions based on their genuine interest and impressive business plans for development of stablecoins in Hong Kong. Hence, they will start participating in the sandbox effective immediately.
Moreover, the HKMA emphasized that these operations will be conducted within a limited scope and under a risk-controllable framework. The sandbox is part of the HKMA’s broader effort to establish a regulatory regime for fiat-referenced stablecoin (FRS) issuers.
On July 17, the Financial Services and the Treasury Bureau (FSTB) and the HKMA jointly released the consultation conclusions on the legislative proposal for this regime. The consultation, conducted over two months and concluded in February, received 108 submissions from various market participants, industry associations, and other stakeholders.
Binance and Circle also participated in the Hong Kong regulatory consultation. A vast majority of respondents supported the introduction of a regulatory framework for FRS issuers. This support is rooted in the increasing prevalence and evolving nature of virtual assets.
It also reflects the need to manage potential monetary and financial stability risks effectively. Hence, the proposed regulatory requirements and implementation arrangements received broad support. Meanwhile, the respondents also suggested some changes to the regime.
Official Statements By HK Authorities
The Secretary for Financial Services and the Treasury, Mr. Christopher Hui weighed in the development. He stated, “In addition to the existing regulatory regime for VA trading platforms, the establishment of a licensing regime for FRS issuers will further strengthen the VA regulatory framework in Hong Kong in line with international standards and effectively mitigate possible financial stability risks associated with FRS issuance activities.”
The Chief Executive of the HKMA, Mr. Eddie Yue, expressed gratitude for the valuable feedback received during the consultation period. He noted, “We are grateful for the respondents’ valuable comments and are encouraged by the general support for the proposed regulatory regime. We believe that a well-regulated environment is conducive to the sustainable and responsible development of the stablecoin ecosystem in Hong Kong.”
Sandbox Operations And Safeguards
Hong Kong Monetary Authority’s sandbox allows selected institutions to test their stablecoin issuance operational plans within a controlled environment. This initiative facilitates two-way communication on proposed regulatory requirements. Hence, it aids in the formulation of a fit-for-purpose and risk-based regulatory regime.
Thus, participants are expected to comply with stringent sandbox requirements. Initially, they will not handle the general public’s funds or solicit funding from the public. The HKMA has cautioned the public to remain vigilant against potential scams related to the sandbox and promised timely announcements if sandbox participants are allowed to handle public funds under limited scope adjustments.
The sandbox is designed to enable participants to develop and refine their stablecoin issuance models while ensuring risks are minimized. This step-by-step approach aims to balance innovation with the need for robust regulatory oversight. This enables a secure and dynamic environment for virtual asset development in Hong Kong.
#BinanceTurns7 #SOFR_Spike #BinanceTournament #Write2Earn! #Megadrop
Breaking: 🚨WazirX Hack: Indian Crypto Exchange Suffers $235M Exploit, Pauses Withdrawals 🚨
Indian crypto exchange WazirX has experienced a significant security breach. The WazirX multisig wallet hack has resulted in the abnormal transfer of assets worth more than $230 million. Moreover, the assets affected include, Shiba Inu (SHIB), Pepe Coin (PEPE), Ethereum (ETH), and Polygon (MATIC).
WazirX Pauses Withdrawals Amid Wallet Hack
According to WazirX, the breach involved the unauthorized transfer of funds from one of their multisignature wallets. The transfers were made to an unknown wallet labeled “0x04b2,” as per reports from Lookonchain, a blockchain tracking platform. Hence, in an official statement posted on X, WazirX addressed the incident.
The crypto exchange wrote, “Update: We’re aware that one of our multisig wallets has experienced a security breach. Our team is actively investigating the incident. To ensure the safety of your assets, INR and crypto withdrawals will be temporarily paused. Thank you for your patience and understanding. We’ll keep you posted with further updates.”
The compromised wallet has since been actively dumping the stolen assets. Notably, the wallet has offloaded 640.27 billion PEPE tokens, valued at approximately $7.6 million. In addition to the PEPE tokens, the breached wallet has transferred substantial amounts of other cryptocurrencies.
This includes 20.5 million MATIC tokens worth $11.2 million. Moreover, staggering 5.4 trillion SHIB tokens valued at $102.1 million were shifted amid the WazirX wallet hack. Moreover, 15,298 ETH, equivalent to $52.5 million was also compromised. These transfers have raised significant concerns for the exchange’s users as they worried about the safety of their funds. Nonetheless, WazirX has assured user funds safety.
Hacker Uses Tornado Cash For Transfers
On July 18, 2024, Cyvers Alert reported detecting multiple suspicious transactions involving WazirX’s Safe Multisig wallet on the Ethereum blockchain. These transactions totaled approximately $234.9 million and were flagged due to their association with Tornado Cash, a decentralized protocol for private transactions.
Each transaction’s caller was funded by Tornado Cash, which complicates the tracing of funds and the identification of involved parties. Following, the transfers, the new address swiftly exchanged significant portions of these funds into Ethereum, with notable swaps including Tether (USDT), Pepe Coin, and Gala (GALA).
In addition, further analysis revealed a diverse portfolio of digital assets held by the new address. These include $4.7 million in Floki (FLOKI), $3.2 million in Fantom (FTM), $2.8 million in Chainlink (LINK), and $2.3 million in Fetch.ai (FET), among others. Moreover, as the stolen funds from WazirX wallet hack were swapped in Ethereum, the hacker is likely to use Tornado Cash for shifting the entire exploited amount.
The use of Tornado Cash highlights challenges in tracking the origins and destinations of funds within decentralized finance (DeFi) ecosystems. Such transactions raise concerns about money laundering, illicit activities, and the need for enhanced regulatory oversight.
#BinanceTurns7 #SOFR_Spike #Write2Earn! #HackerAlert #BinanceTournament
WazirX Pauses Withdrawals Amid Wallet Hack
According to WazirX, the breach involved the unauthorized transfer of funds from one of their multisignature wallets. The transfers were made to an unknown wallet labeled “0x04b2,” as per reports from Lookonchain, a blockchain tracking platform. Hence, in an official statement posted on X, WazirX addressed the incident.
The crypto exchange wrote, “Update: We’re aware that one of our multisig wallets has experienced a security breach. Our team is actively investigating the incident. To ensure the safety of your assets, INR and crypto withdrawals will be temporarily paused. Thank you for your patience and understanding. We’ll keep you posted with further updates.”
The compromised wallet has since been actively dumping the stolen assets. Notably, the wallet has offloaded 640.27 billion PEPE tokens, valued at approximately $7.6 million. In addition to the PEPE tokens, the breached wallet has transferred substantial amounts of other cryptocurrencies.
This includes 20.5 million MATIC tokens worth $11.2 million. Moreover, staggering 5.4 trillion SHIB tokens valued at $102.1 million were shifted amid the WazirX wallet hack. Moreover, 15,298 ETH, equivalent to $52.5 million was also compromised. These transfers have raised significant concerns for the exchange’s users as they worried about the safety of their funds. Nonetheless, WazirX has assured user funds safety.
Hacker Uses Tornado Cash For Transfers
On July 18, 2024, Cyvers Alert reported detecting multiple suspicious transactions involving WazirX’s Safe Multisig wallet on the Ethereum blockchain. These transactions totaled approximately $234.9 million and were flagged due to their association with Tornado Cash, a decentralized protocol for private transactions.
Each transaction’s caller was funded by Tornado Cash, which complicates the tracing of funds and the identification of involved parties. Following, the transfers, the new address swiftly exchanged significant portions of these funds into Ethereum, with notable swaps including Tether (USDT), Pepe Coin, and Gala (GALA).
In addition, further analysis revealed a diverse portfolio of digital assets held by the new address. These include $4.7 million in Floki (FLOKI), $3.2 million in Fantom (FTM), $2.8 million in Chainlink (LINK), and $2.3 million in Fetch.ai (FET), among others. Moreover, as the stolen funds from WazirX wallet hack were swapped in Ethereum, the hacker is likely to use Tornado Cash for shifting the entire exploited amount.
The use of Tornado Cash highlights challenges in tracking the origins and destinations of funds within decentralized finance (DeFi) ecosystems. Such transactions raise concerns about money laundering, illicit activities, and the need for enhanced regulatory oversight.
#BinanceTurns7 #SOFR_Spike #Write2Earn! #HackerAlert #BinanceTournament
Breaking: 🚨 $TUSD , $USDC Face Danger As BIS to Permit Only Permissioned Stablecoins
All stablecoins issued on the permissionless blockchains such as Tether’s USDT and Circle’s USDC face the danger of major regulatory wrath ahead as the Bank of International Settlements (BIS) has issued new guidance tightening its criteria over permissionless stablecoins.
BIS Targets Stablecoins like USDT and others
On Wednesday, July 17, the Basel Committee on Banking Supervision published its final disclosure report for the banks’ crypto-asset exposure. As a result, banks will need to disclose qualitative and quantitative reports on their crypto-related activities and the liquidity requirements to maintain stability.
It has also tightened up the criteria for certain stablecoins that will receive a preferential “Group 1b” regulatory treatment.
This means that there could be severe restrictions on the functioning of permissionless stablecoins such as Tether’s USDT, Cricle’s USDC, and others. Interestingly, this development comes on the same day when the Hong Kong Monetary Authority released consultation papers on a licensing regime for stablecoin issuers.
Crypto Industry Veterans Lash Out At BIS
Caitlin Long, CEO of Custodian Bank, expressed her dismay over the recent decision by BIS stating that they have now excluded stablecoins issued on permissionless blockchains from use by banks while favoring permissioned stablecoins instead.
She further commented that the United States is likely to disregard this development, stating, “The US will almost certainly just ignore this. It’s a shame tho–BIS was leading the US on crypto but just went backward.”
However, the new guidance from the Bank for International Settlements (BIS) encourages banks to use only permissionless stablecoins, such as JPMorgan’s JPMCoin. Interestingly, banking firm State Street is reportedly planning for a stablecoin launch. This could be another major blow to permissionless stablecoins like USDT.
#BinanceTurns7 #Write2Earn! #Stablecoins
#BinanceTournament #Megadrop
All stablecoins issued on the permissionless blockchains such as Tether’s USDT and Circle’s USDC face the danger of major regulatory wrath ahead as the Bank of International Settlements (BIS) has issued new guidance tightening its criteria over permissionless stablecoins.
BIS Targets Stablecoins like USDT and others
On Wednesday, July 17, the Basel Committee on Banking Supervision published its final disclosure report for the banks’ crypto-asset exposure. As a result, banks will need to disclose qualitative and quantitative reports on their crypto-related activities and the liquidity requirements to maintain stability.
It has also tightened up the criteria for certain stablecoins that will receive a preferential “Group 1b” regulatory treatment.
This means that there could be severe restrictions on the functioning of permissionless stablecoins such as Tether’s USDT, Cricle’s USDC, and others. Interestingly, this development comes on the same day when the Hong Kong Monetary Authority released consultation papers on a licensing regime for stablecoin issuers.
Crypto Industry Veterans Lash Out At BIS
Caitlin Long, CEO of Custodian Bank, expressed her dismay over the recent decision by BIS stating that they have now excluded stablecoins issued on permissionless blockchains from use by banks while favoring permissioned stablecoins instead.
She further commented that the United States is likely to disregard this development, stating, “The US will almost certainly just ignore this. It’s a shame tho–BIS was leading the US on crypto but just went backward.”
However, the new guidance from the Bank for International Settlements (BIS) encourages banks to use only permissionless stablecoins, such as JPMorgan’s JPMCoin. Interestingly, banking firm State Street is reportedly planning for a stablecoin launch. This could be another major blow to permissionless stablecoins like USDT.
#BinanceTurns7 #Write2Earn! #Stablecoins
#BinanceTournament #Megadrop
Investing in TRON ( $TRX ) – Everything You Need to Know 🚀
Why would you like to invest in Tron coins? people might consider investing in TRX (Tron) for several reasons:
1. Technology and Use Case: Tron aims to create a decentralized platform for content creators, with applications in entertainment, gaming, and decentralized finance (DeFi).
2. Market Potential: Some investors see TRX as having growth potential due to its use cases and the broader adoption of blockchain technology.
3. Team and Development: Investors may consider the team behind Tron, their track record, and ongoing development efforts.
4. Community and Partnerships: Strong community support and strategic partnerships can bolster confidence in a cryptocurrency.
5. Market Sentiment: Like any investment, positive market sentiment and trends can influence decisions to invest in TRX.
Before investing in any cryptocurrency, it's crucial to conduct thorough research, consider your risk tolerance, and understand the factors influencing its price and adoption.
#BinanceTurns7 #Write2Earn! #SOFR_Spike #Megadrop #BinanceTournament $TRX
Why would you like to invest in Tron coins? people might consider investing in TRX (Tron) for several reasons:
1. Technology and Use Case: Tron aims to create a decentralized platform for content creators, with applications in entertainment, gaming, and decentralized finance (DeFi).
2. Market Potential: Some investors see TRX as having growth potential due to its use cases and the broader adoption of blockchain technology.
3. Team and Development: Investors may consider the team behind Tron, their track record, and ongoing development efforts.
4. Community and Partnerships: Strong community support and strategic partnerships can bolster confidence in a cryptocurrency.
5. Market Sentiment: Like any investment, positive market sentiment and trends can influence decisions to invest in TRX.
Before investing in any cryptocurrency, it's crucial to conduct thorough research, consider your risk tolerance, and understand the factors influencing its price and adoption.
#BinanceTurns7 #Write2Earn! #SOFR_Spike #Megadrop #BinanceTournament $TRX
ALICE can experience sudden increases or "pumps" due to various factors. These can include 🚨
1. **Market Sentiment:** Positive news, announcements, or social media buzz can create buying interest, leading to price spikes.
2. **Market Manipulation:** Sometimes, coordinated buying by large investors or groups can artificially inflate prices.
3. **Technical Factors:** Changes in trading volume, algorithmic trading, or chart patterns can trigger rapid price movements.
4. **Fundamental Developments:** Partnerships, platform upgrades, or new features can increase perceived value.
5. **Overall Market Trends:** General trends in the cryptocurrency market can influence individual coin prices.
To pinpoint the exact reason for ALICE's pump today, you'd typically look for recent news, social media trends, or announcements directly related to the project.
#BinanceTurns7 #Write2Earn! #SOFR_Spike #Market_Update #Megadrop $ALICE
1. **Market Sentiment:** Positive news, announcements, or social media buzz can create buying interest, leading to price spikes.
2. **Market Manipulation:** Sometimes, coordinated buying by large investors or groups can artificially inflate prices.
3. **Technical Factors:** Changes in trading volume, algorithmic trading, or chart patterns can trigger rapid price movements.
4. **Fundamental Developments:** Partnerships, platform upgrades, or new features can increase perceived value.
5. **Overall Market Trends:** General trends in the cryptocurrency market can influence individual coin prices.
To pinpoint the exact reason for ALICE's pump today, you'd typically look for recent news, social media trends, or announcements directly related to the project.
#BinanceTurns7 #Write2Earn! #SOFR_Spike #Market_Update #Megadrop $ALICE
Why We Chose Sui Over Solana for Our DePIN 🚨
Looking at crypto news headlines, it would seem initially that Solana has firmly established itself as the home of DePIN. From Hivemapper to Helium, some of the most well-known DePIN projects are built on this blockchain. But when we explored Solana as a blockchain on which to build our project, something didn’t quite add up. So, after getting our analytical hats on and running the requisite due diligence checks, we decided to go with Sui over Solana.
The first thing that gave us pause was the prevalence of outages on Solana. In 2022 – an annus horribilis for the crypto industry as a whole – Solana seemed to be going down every other month. But even after the Firedancer validator client went live (which was meant to put a stop to any further outages), the network still went down for nearly five hours in February 2024. It may have been a fluke, but those odds didn’t fill us with confidence.
On top of this, Solana seemed to be struggling to handle its own increase in popularity. Several times this year, the network has become congested due to memecoin mania, as well as Bitcoin-like Ore mining, which quickly grew in popularity. In the last few months, X has been exploding with users complaining about transactions failing, as traders of memecoins like BONK and WIF flooded the network. This sort of frenzy is a good test of a network’s ability to handle real trading volume – and I can’t tell you with absolute confidence that a different blockchain wouldn’t struggle – but for us, this was another red flag.
When it comes to DePIN, and especially projects like ours, which handles huge amounts of data in real time, the two main things we require from a blockchain are reliability and scalability. When Solana first emerged as an “Ethereum-killer,” this was the most exciting thing about it – its promise to reliably process upwards of 50,000 transactions per second.
$SOL
#BinanceTurns7 #SOFR_Spike #DePIN #Write2Earn! #Megadrop
Looking at crypto news headlines, it would seem initially that Solana has firmly established itself as the home of DePIN. From Hivemapper to Helium, some of the most well-known DePIN projects are built on this blockchain. But when we explored Solana as a blockchain on which to build our project, something didn’t quite add up. So, after getting our analytical hats on and running the requisite due diligence checks, we decided to go with Sui over Solana.
The first thing that gave us pause was the prevalence of outages on Solana. In 2022 – an annus horribilis for the crypto industry as a whole – Solana seemed to be going down every other month. But even after the Firedancer validator client went live (which was meant to put a stop to any further outages), the network still went down for nearly five hours in February 2024. It may have been a fluke, but those odds didn’t fill us with confidence.
On top of this, Solana seemed to be struggling to handle its own increase in popularity. Several times this year, the network has become congested due to memecoin mania, as well as Bitcoin-like Ore mining, which quickly grew in popularity. In the last few months, X has been exploding with users complaining about transactions failing, as traders of memecoins like BONK and WIF flooded the network. This sort of frenzy is a good test of a network’s ability to handle real trading volume – and I can’t tell you with absolute confidence that a different blockchain wouldn’t struggle – but for us, this was another red flag.
When it comes to DePIN, and especially projects like ours, which handles huge amounts of data in real time, the two main things we require from a blockchain are reliability and scalability. When Solana first emerged as an “Ethereum-killer,” this was the most exciting thing about it – its promise to reliably process upwards of 50,000 transactions per second.
$SOL
#BinanceTurns7 #SOFR_Spike #DePIN #Write2Earn! #Megadrop
Ethereum Developer Prison Term Cut Down by 7 Months 🎉
The Ethereum developer Virgil Griffith has been given a seven-month reduction in his prison sentence this week. Griffith was found guilty of breaching the sanctions law where he visited North Korea in 2019 to give a speech on how to use cryptocurrency and blockchain to dodge sanctions.
Ethereum Developer Prison Term Cut Down
According to a July 17 filing, District Judge Kevin Castel has ordered the term reduced to 56 months of Virgil Griffith, an Ethereum developer who was initially sentenced to 63 months in April 2022, U.S.
The factors that led to the decision to reduce Griffith’s sentence included misconduct and difficulties he faced during his incarceration. Castel also agreed that the danger to the public from Griffith in terms of future crimes had also reduced.
Nonetheless, the judge pointed out that Griffith continued to defy the rules in prison, although he was not an easy man to be behind bars with. However, Judge Castel noted that since the offense of the appellant is extremely grave, it is necessary to leave a long-time prison term
Griffith had entered into a guilty plea on sanctions violations in 2021 just before his trial in New York was to begin. The US attorneys said that Griffith knew that the money might be used by North Korea to avoid sanctions imposed on it by the international community. However, Griffith’s defense counsel argued for a lighter punishment, arguing that Griffith had no criminal history and that no one was financially affected by his actions.
#BinanceTurns7 #ETH_ETFs_Approval_Predictions #Write2Earn! #BinanceTournament #Megadrop
The Ethereum developer Virgil Griffith has been given a seven-month reduction in his prison sentence this week. Griffith was found guilty of breaching the sanctions law where he visited North Korea in 2019 to give a speech on how to use cryptocurrency and blockchain to dodge sanctions.
Ethereum Developer Prison Term Cut Down
According to a July 17 filing, District Judge Kevin Castel has ordered the term reduced to 56 months of Virgil Griffith, an Ethereum developer who was initially sentenced to 63 months in April 2022, U.S.
The factors that led to the decision to reduce Griffith’s sentence included misconduct and difficulties he faced during his incarceration. Castel also agreed that the danger to the public from Griffith in terms of future crimes had also reduced.
Nonetheless, the judge pointed out that Griffith continued to defy the rules in prison, although he was not an easy man to be behind bars with. However, Judge Castel noted that since the offense of the appellant is extremely grave, it is necessary to leave a long-time prison term
Griffith had entered into a guilty plea on sanctions violations in 2021 just before his trial in New York was to begin. The US attorneys said that Griffith knew that the money might be used by North Korea to avoid sanctions imposed on it by the international community. However, Griffith’s defense counsel argued for a lighter punishment, arguing that Griffith had no criminal history and that no one was financially affected by his actions.
#BinanceTurns7 #ETH_ETFs_Approval_Predictions #Write2Earn! #BinanceTournament #Megadrop
Breaking: State Street Eyes Stablecoin & Token Launch 🚨
State Street Corporation, a financial services and banking company, is considering the launch of a stablecoin and a deposit token in the context of applying blockchain in payment settlement. Citing an anonymous source privy to the information, the Boston-based asset manager wants to use blockchain to improve the speed and efficiency of cross-border payments..
State Street Eyes Stablecoin & Token Launch
State Street is currently assessing various options to improve its blockchain payment services. One of the main strategies includes the possibility to launch a stablecoin, a cryptocurrency backed by a certain asset like the US dollar.
The company is also planning to issue a deposit token that records customer deposits on the blockchain. These are some of the plans that State Street has embarked on as it seeks to offer digital assets services.
Furthermore, State Street is looking into joining digital-cash consortiums and exploring settlements through its investment in Fnality, a blockchain payment company that is branching out into the US market. Although a representative of State Street did not respond to these events, the company’s further engagement in the blockchain sphere proves its intentions to enhance its digital assets’ management.
Increasing Digital Asset Integration
State Street has been gradually expanding its offerings and incorporating digital assets into its operations. This year, the company had to combine the team that deals with digital assets with the one that deals with traditional finance to enhance the cooperation between the two sectors.
This decision is in harmony with State Street’s strategic goal to combine financial service traditionally associated with banking and innovative technical solutions of the digital assets sphere.
In this regard, the company has already achieved much. Being the third largest ETF manager, State Street offers fund administration and accounting to crypto ETFs.
#BinanceTurns7 #SOFR_Spike #Write2Earn!
#ETH_ETFs_Approval_Predictions
State Street Corporation, a financial services and banking company, is considering the launch of a stablecoin and a deposit token in the context of applying blockchain in payment settlement. Citing an anonymous source privy to the information, the Boston-based asset manager wants to use blockchain to improve the speed and efficiency of cross-border payments..
State Street Eyes Stablecoin & Token Launch
State Street is currently assessing various options to improve its blockchain payment services. One of the main strategies includes the possibility to launch a stablecoin, a cryptocurrency backed by a certain asset like the US dollar.
The company is also planning to issue a deposit token that records customer deposits on the blockchain. These are some of the plans that State Street has embarked on as it seeks to offer digital assets services.
Furthermore, State Street is looking into joining digital-cash consortiums and exploring settlements through its investment in Fnality, a blockchain payment company that is branching out into the US market. Although a representative of State Street did not respond to these events, the company’s further engagement in the blockchain sphere proves its intentions to enhance its digital assets’ management.
Increasing Digital Asset Integration
State Street has been gradually expanding its offerings and incorporating digital assets into its operations. This year, the company had to combine the team that deals with digital assets with the one that deals with traditional finance to enhance the cooperation between the two sectors.
This decision is in harmony with State Street’s strategic goal to combine financial service traditionally associated with banking and innovative technical solutions of the digital assets sphere.
In this regard, the company has already achieved much. Being the third largest ETF manager, State Street offers fund administration and accounting to crypto ETFs.
#BinanceTurns7 #SOFR_Spike #Write2Earn!
#ETH_ETFs_Approval_Predictions
Breaking: 🚨 Grayscale Launches New Fund For AI Coins
Grayscale, a leading crypto asset manager, has recently made global headlines by revealing its new fund for AI coins, the Grayscale Decentralized AI Fund. According to an official statement by the firm today, July 17, the mover comes as a first-ever initiative that offers users an investment vehicle focused on securities tied to decentralized AI protocols.
Notably, the fund mitigates the need for users’ direct involvement with digital currencies, offering them a share to invest that consists of vital fund components. Here’s a brief report on the investment vehicle to better understand the development’s market implications.
Grayscale Decentralized AI Fund
Amid the global rise in AI and related protocols, this mover by Grayscale appears to have gained significant traction across the market. In its official release today, the firm clarified that the AI coins fund offers a form of security to users, eradicating the challenges of directly buying, storing, and safekeeping digital currencies. This fund is called the “Grayscale Decentralized AI Fund.”
Meanwhile, the vital components of this fund encompass five AI-based tokens. These include Near Protocol (NEAR), Filecoin (FIL), Render (RNDR), Livepeer (LPT), and Bittensor (TAO).
Intriguingly, the fund is designed to reflect the combined value of the abovementioned components. The weightage of the five tokens into one share of the fund equals NEAR – 32.99%; FIL – 30.59%; RNDR – 24.86%; LPT – 8.64%; and TAO – 2.92%.
Also, it’s worth mentioning that the NAV (Net Asset Value) per share as of July 16 totaled $9.97. This mover, amid the recent popularity of AI coins, has promptly gained significant traction across the crypto industry.
#BinanceTurns7 #Write2Earn! #SOFR_Spike #ETH_ETFs_Approval_Predictions #BinanceTournament
Grayscale, a leading crypto asset manager, has recently made global headlines by revealing its new fund for AI coins, the Grayscale Decentralized AI Fund. According to an official statement by the firm today, July 17, the mover comes as a first-ever initiative that offers users an investment vehicle focused on securities tied to decentralized AI protocols.
Notably, the fund mitigates the need for users’ direct involvement with digital currencies, offering them a share to invest that consists of vital fund components. Here’s a brief report on the investment vehicle to better understand the development’s market implications.
Grayscale Decentralized AI Fund
Amid the global rise in AI and related protocols, this mover by Grayscale appears to have gained significant traction across the market. In its official release today, the firm clarified that the AI coins fund offers a form of security to users, eradicating the challenges of directly buying, storing, and safekeeping digital currencies. This fund is called the “Grayscale Decentralized AI Fund.”
Meanwhile, the vital components of this fund encompass five AI-based tokens. These include Near Protocol (NEAR), Filecoin (FIL), Render (RNDR), Livepeer (LPT), and Bittensor (TAO).
Intriguingly, the fund is designed to reflect the combined value of the abovementioned components. The weightage of the five tokens into one share of the fund equals NEAR – 32.99%; FIL – 30.59%; RNDR – 24.86%; LPT – 8.64%; and TAO – 2.92%.
Also, it’s worth mentioning that the NAV (Net Asset Value) per share as of July 16 totaled $9.97. This mover, amid the recent popularity of AI coins, has promptly gained significant traction across the crypto industry.
#BinanceTurns7 #Write2Earn! #SOFR_Spike #ETH_ETFs_Approval_Predictions #BinanceTournament
$SOL $ETH $PEPE Receives Major Support From Binance, Prices To Rally? 🚨
Binance has announced significant updates for cryptocurrencies like Ethereum, Solana, and Pepe Coin, among others. Notably, this news has sparked speculation about potential price rallies for these assets.
Usually, positive comments from major crypto exchanges often boost asset prices, while negative ones can have the opposite effect. So, let’s take a closer look at the announcement and see how the cryptos are faring amid this.
Binance Boosts Support For PEPE, SOL, ETH
Binance introduces new trading pairs and trading bot services, according to the latest announcement. Starting July 18, 2024, it will open trading for the BNX/TRY and ETH/ARS pairs. Besides, the exchange is offering Zero Maker Fees for the ETH/ARS pair for an unspecified period to attract more traders.
This move aims to expand trading choices and enhance user experience. In addition, the leading crypto exchange is also enabling Trading Bots services for several pairs. Spot Grid and Spot DCA bots will be available for BNB/USDC, PEPE/USDC, and SOL/USDC.
Furthermore, Spot Algo Orders will be enabled for BNX/TRY and ETH/ARS. These automated trading options can help users optimize their strategies and potentially increase their returns.
Meanwhile, in the announcement, the exchange clarified that standard trading fees will apply once the Zero Maker Fees promotion ends for the ETH/ARS pair. Besides, it also emphasized its strict measures against dishonest behavior, such as wash trading or market manipulation. The exchange reserves the right to disqualify users involved in such activities.
How’s PEPE, SOL, And ETH Are Performing?
The introduction of new trading pairs and bot services could significantly impact the prices of the involved cryptocurrencies. Historically, new offerings and promotions by top crypto exchanges like Binance tend to attract increased trading activity. This can lead to higher demand and potentially drive up prices.
#BinanceTurns7 #Write2Earn! #cpi #Megadrop
#ETH_ETFs_Approval_Predictions
Binance has announced significant updates for cryptocurrencies like Ethereum, Solana, and Pepe Coin, among others. Notably, this news has sparked speculation about potential price rallies for these assets.
Usually, positive comments from major crypto exchanges often boost asset prices, while negative ones can have the opposite effect. So, let’s take a closer look at the announcement and see how the cryptos are faring amid this.
Binance Boosts Support For PEPE, SOL, ETH
Binance introduces new trading pairs and trading bot services, according to the latest announcement. Starting July 18, 2024, it will open trading for the BNX/TRY and ETH/ARS pairs. Besides, the exchange is offering Zero Maker Fees for the ETH/ARS pair for an unspecified period to attract more traders.
This move aims to expand trading choices and enhance user experience. In addition, the leading crypto exchange is also enabling Trading Bots services for several pairs. Spot Grid and Spot DCA bots will be available for BNB/USDC, PEPE/USDC, and SOL/USDC.
Furthermore, Spot Algo Orders will be enabled for BNX/TRY and ETH/ARS. These automated trading options can help users optimize their strategies and potentially increase their returns.
Meanwhile, in the announcement, the exchange clarified that standard trading fees will apply once the Zero Maker Fees promotion ends for the ETH/ARS pair. Besides, it also emphasized its strict measures against dishonest behavior, such as wash trading or market manipulation. The exchange reserves the right to disqualify users involved in such activities.
How’s PEPE, SOL, And ETH Are Performing?
The introduction of new trading pairs and bot services could significantly impact the prices of the involved cryptocurrencies. Historically, new offerings and promotions by top crypto exchanges like Binance tend to attract increased trading activity. This can lead to higher demand and potentially drive up prices.
#BinanceTurns7 #Write2Earn! #cpi #Megadrop
#ETH_ETFs_Approval_Predictions
Breaking:🚨 All Tech CEOs Are Supporting Trump
Elon Musk and other tech CEOs have leaned toward former President Donald Trump in the upcoming U.S. Presidential election. The November polls have seen top tech and finance leaders donate and back respective campaigns. Several crypto and traditional financial markets executives have also backed the former U.S. President for a second term.
Elon Musk Backs Trump
In recent months, Donald Trump has received support from a wide range of business and technology executives as he goes head-to-head with President Joe Biden in the forthcoming elections. The Republican candidate has also seen his influence grow in the cryptocurrency space as execs and users reign in support in anticipation of pro-industry regulations.
Notably, Tesla CEO Elon Musk has backed Donald Trump following a series of speculations. The CEO wrote on X (formerly Twitter) that he fully endorses the former President and wishes him a speedy recovery. This comes after an attack on Donald Trump during a recent rally in Pennsylvania. Musk has also clarified “fake news” by mainstream media on the former President calling for true reporting on the social media platform.
Previously, the Tesla CEO reinstated Trump’s account on X after a poll that saw a majority of users voting in favor of the move following his previous suspension on most social media platforms. Trump has also supported Elon Musk publicly in the past describing him as a genius likening him to Thomas Edison.
“… well you have to give him credit for that, I spoke to him very recently and he is also doing the rockets thing… he’s one of our great geniuses and we have to protect our geniuses. We have to protect Thomas Edison.”
Both Musk and Trump share similar views in terms of free speech both constantly firing shots at the mainstream media and fake news. Musk subsequently purchased Twitter stressing the need to attain free speech. However, both men differ in ideals. While Trump is not pro-climate change, Elon Musk differs in manufacturing electric vehicles to reduce carbon emissions.
Musk Donates And Other Tech CEOs Donate to Super PACs
Elon Musk and several other business executives have donated to Donald Trump’s campaign for several reasons. According to the Wall Street Journal, Musk will donate $45 million a month to a Super PAC backing Trump for a second term. Other donors include Jeo Lonsdale, the co-founder of 8VC, Kelly Craft, and the Winklevoss twins. Trump is also backed by billionaires Bill Ackman, David Sacks, Timothy Mellon, Jamie Dimon, Shaun Maguire, etc.
Sacks lauded the Republican candidate for his choice of VP, Sen JD Vance, describing him as an American patriot.
#Write2Earn! #BinanceTurns7 #SOFR_Spike #US_Job_Market_Slowdown #BinanceTournament
Elon Musk Backs Trump
In recent months, Donald Trump has received support from a wide range of business and technology executives as he goes head-to-head with President Joe Biden in the forthcoming elections. The Republican candidate has also seen his influence grow in the cryptocurrency space as execs and users reign in support in anticipation of pro-industry regulations.
Notably, Tesla CEO Elon Musk has backed Donald Trump following a series of speculations. The CEO wrote on X (formerly Twitter) that he fully endorses the former President and wishes him a speedy recovery. This comes after an attack on Donald Trump during a recent rally in Pennsylvania. Musk has also clarified “fake news” by mainstream media on the former President calling for true reporting on the social media platform.
Previously, the Tesla CEO reinstated Trump’s account on X after a poll that saw a majority of users voting in favor of the move following his previous suspension on most social media platforms. Trump has also supported Elon Musk publicly in the past describing him as a genius likening him to Thomas Edison.
“… well you have to give him credit for that, I spoke to him very recently and he is also doing the rockets thing… he’s one of our great geniuses and we have to protect our geniuses. We have to protect Thomas Edison.”
Both Musk and Trump share similar views in terms of free speech both constantly firing shots at the mainstream media and fake news. Musk subsequently purchased Twitter stressing the need to attain free speech. However, both men differ in ideals. While Trump is not pro-climate change, Elon Musk differs in manufacturing electric vehicles to reduce carbon emissions.
Musk Donates And Other Tech CEOs Donate to Super PACs
Elon Musk and several other business executives have donated to Donald Trump’s campaign for several reasons. According to the Wall Street Journal, Musk will donate $45 million a month to a Super PAC backing Trump for a second term. Other donors include Jeo Lonsdale, the co-founder of 8VC, Kelly Craft, and the Winklevoss twins. Trump is also backed by billionaires Bill Ackman, David Sacks, Timothy Mellon, Jamie Dimon, Shaun Maguire, etc.
Sacks lauded the Republican candidate for his choice of VP, Sen JD Vance, describing him as an American patriot.
#Write2Earn! #BinanceTurns7 #SOFR_Spike #US_Job_Market_Slowdown #BinanceTournament
Fed Gov. Waller Raises Bets On Sept. Rate Cut, BTC ATH Soon? 🚨
Federal Reserve Governor Christopher Waller has stirred market optimism with his recent remarks about potential rate cuts by the central bank. Notably, his comments have increased bets on a possible rate cut by the Fed in September. Meanwhile, this development comes as Bitcoin enthusiasts eye an all-time high, driven by favorable market conditions and policy changes.
Fed Governor Waller Hints Towards September Rate Cut
Fed gov Christopher Waller’s recent statements have been a significant boost for market sentiment. Speaking at a Kansas City Fed program, Waller suggested that interest rate cuts are likely if inflation and employment data continue to align with current trends.
In addition, he mentioned that while the Fed hasn’t reached its final decision, the time for a policy rate cut is approaching. This aligns with other policymakers’ views, hinting at a potential move in September rather than the upcoming Federal Open Market Committee (FOMC) meeting.
Meanwhile, Waller outlined three potential scenarios: one where positive inflation data justifies a rate cut soon, another with fluctuating data pointing toward moderation, and a third with unexpectedly higher inflation forcing tighter policies. He considers the first two scenarios more probable, suggesting a rate cut might be near.
His remarks are notable given his previously hawkish stance on monetary policy. In May, Waller indicated that rate cuts were several months away, pending more convincing data on inflation’s decline.
#BinanceTurns7 #US_Job_Market_Slowdown #BinanceTournament #Write2Earn! #FOMC
Federal Reserve Governor Christopher Waller has stirred market optimism with his recent remarks about potential rate cuts by the central bank. Notably, his comments have increased bets on a possible rate cut by the Fed in September. Meanwhile, this development comes as Bitcoin enthusiasts eye an all-time high, driven by favorable market conditions and policy changes.
Fed Governor Waller Hints Towards September Rate Cut
Fed gov Christopher Waller’s recent statements have been a significant boost for market sentiment. Speaking at a Kansas City Fed program, Waller suggested that interest rate cuts are likely if inflation and employment data continue to align with current trends.
In addition, he mentioned that while the Fed hasn’t reached its final decision, the time for a policy rate cut is approaching. This aligns with other policymakers’ views, hinting at a potential move in September rather than the upcoming Federal Open Market Committee (FOMC) meeting.
Meanwhile, Waller outlined three potential scenarios: one where positive inflation data justifies a rate cut soon, another with fluctuating data pointing toward moderation, and a third with unexpectedly higher inflation forcing tighter policies. He considers the first two scenarios more probable, suggesting a rate cut might be near.
His remarks are notable given his previously hawkish stance on monetary policy. In May, Waller indicated that rate cuts were several months away, pending more convincing data on inflation’s decline.
#BinanceTurns7 #US_Job_Market_Slowdown #BinanceTournament #Write2Earn! #FOMC
3.45 Trillion Shiba Inu (SHIB) in 24 Hours: $0.00002 Imminent? 🚨
With 3.45 trillion tokens changing hands in the last trading session, Shiba Inu has demonstrated a substantial recovery. This increase in activity suggests that large holders — also known as whales — may be accumulating, and that demand may be rekindled. Such behavior is frequently a sign of significant price changes either up or down.
SHIB is currently trading close to the crucial $0.00002 price threshold in the $0. 000019 range. If this level is broken, it might indicate a bullish trend and draw in more traders and investors. The rise in large transactions suggests that big players are moving, maybe ahead of a price increase. SHIB recorded a seven-day high of 187 transactions when the number of large transactions was analyzed, which is significantly higher than the seven-day low of 38 transactions recorded on July 11, 2024.
$SHIB
#BinanceTurns7 #SOFR_Spike #BinanceTournament #Write2Earn! #shiba⚡
With 3.45 trillion tokens changing hands in the last trading session, Shiba Inu has demonstrated a substantial recovery. This increase in activity suggests that large holders — also known as whales — may be accumulating, and that demand may be rekindled. Such behavior is frequently a sign of significant price changes either up or down.
SHIB is currently trading close to the crucial $0.00002 price threshold in the $0. 000019 range. If this level is broken, it might indicate a bullish trend and draw in more traders and investors. The rise in large transactions suggests that big players are moving, maybe ahead of a price increase. SHIB recorded a seven-day high of 187 transactions when the number of large transactions was analyzed, which is significantly higher than the seven-day low of 38 transactions recorded on July 11, 2024.
$SHIB
#BinanceTurns7 #SOFR_Spike #BinanceTournament #Write2Earn! #shiba⚡
All Eyes now on Worldcoin ($WLD ) Gains 🚀
Here are some general factors that could contribute to the bullish sentiment around WLD Coin.
1. Market Sentiment: Positive sentiment in the broader cryptocurrency market can often lift the prices of many coins, including WLD Coin.
2. Recent Developments: Any recent updates, partnerships, or technological advancements by the WLD Coin project could generate optimism among investors.
3. Unique Value Proposition: If WLD Coin offers unique features or fills a niche that is currently in demand, it could attract investors looking for potential growth opportunities.
4. Community and Adoption: Growing community support and increasing adoption of WLD Coin for real-world applications can contribute to bullish sentiments.
5. Technical Analysis: Positive technical indicators, such as price movements, trading volumes, and chart patterns, could attract traders and investors.
6. Market Trends: If there is a trend towards investing in certain types of cryptocurrencies or projects (such as those focused on sustainability or specific technological innovations), WLD Coin's alignment with these trends could be bullish.
Remember, investing in cryptocurrencies involves risks, and market conditions can change rapidly. It's crucial to conduct thorough research and consider your risk tolerance before making any investment decisions.TIA 🤝
#BinanceTurns7 #Write2Earn! #SOFR_Spike #VanEck_SOL_ETFS #WLD🔥🔥🔥 $WLD
Here are some general factors that could contribute to the bullish sentiment around WLD Coin.
1. Market Sentiment: Positive sentiment in the broader cryptocurrency market can often lift the prices of many coins, including WLD Coin.
2. Recent Developments: Any recent updates, partnerships, or technological advancements by the WLD Coin project could generate optimism among investors.
3. Unique Value Proposition: If WLD Coin offers unique features or fills a niche that is currently in demand, it could attract investors looking for potential growth opportunities.
4. Community and Adoption: Growing community support and increasing adoption of WLD Coin for real-world applications can contribute to bullish sentiments.
5. Technical Analysis: Positive technical indicators, such as price movements, trading volumes, and chart patterns, could attract traders and investors.
6. Market Trends: If there is a trend towards investing in certain types of cryptocurrencies or projects (such as those focused on sustainability or specific technological innovations), WLD Coin's alignment with these trends could be bullish.
Remember, investing in cryptocurrencies involves risks, and market conditions can change rapidly. It's crucial to conduct thorough research and consider your risk tolerance before making any investment decisions.TIA 🤝
#BinanceTurns7 #Write2Earn! #SOFR_Spike #VanEck_SOL_ETFS #WLD🔥🔥🔥 $WLD
BinaryX Shoots 34% Following 74% BNX Token Burn Proposal 🚨
Web3 gaming platform, BinaryX (BNX) has proposed a 74% token burn leading to a new deflationary model. The community will vote on the token burn to reduce the maximum supply of the asset, a move considered bullish by the community. Initial positive sentiments have trailed the announcement on crypto spaces as bulls hope to capitalize on the uphill drive.
BinaryX Price Soars 38%
BinaryX has recorded a significant price uptick in the last 24 hours due to on-chain activity, crypto market upticks, and a community proposal. The price of the asset is up 38% over the past day with strong midday volumes. Trading at $1.65, BNX has surged 40.5% in the last seven days with a higher monthly figure of 64.27%.
The inflows bring BinaryX to a $611 million market capitalization with over 80.57% surge in daily trading volumes. Leveraging on recent highs, bulls see further sustained momentum with the recent announcement. Increased market activity could see the token near its all-time market high although it remains 12% below that mark.
A July 17 announcement points to a community vote on the recent token burn proposal marking out 74% of BNX assets leading to a more deflationary model. As a result, the total supply of BNX will drop to 1.62 billion while the market cap will hover around 580 million.
“All BNX token holders will have the opportunity to vote on this historic proposal. The date for the community vote is yet to be determined, so stay tuned!”
BNX Users React
According to BinaryX, the move will create a scarcity which will increase the value of each token in the market. The platform explained that this tipped to increase token economy long-term effects as adoption grows. BNX holders termed the move a step in the right direction to capitalize on recent market highs. The crypto market is marking inflows are weeks of negative trading as Bitcoin (BTC) and altcoins regain lost ground.
#BinanceTurns7 #cpi #Megadrop #BinanceTournament #Write2Earrn $BNX
Web3 gaming platform, BinaryX (BNX) has proposed a 74% token burn leading to a new deflationary model. The community will vote on the token burn to reduce the maximum supply of the asset, a move considered bullish by the community. Initial positive sentiments have trailed the announcement on crypto spaces as bulls hope to capitalize on the uphill drive.
BinaryX Price Soars 38%
BinaryX has recorded a significant price uptick in the last 24 hours due to on-chain activity, crypto market upticks, and a community proposal. The price of the asset is up 38% over the past day with strong midday volumes. Trading at $1.65, BNX has surged 40.5% in the last seven days with a higher monthly figure of 64.27%.
The inflows bring BinaryX to a $611 million market capitalization with over 80.57% surge in daily trading volumes. Leveraging on recent highs, bulls see further sustained momentum with the recent announcement. Increased market activity could see the token near its all-time market high although it remains 12% below that mark.
A July 17 announcement points to a community vote on the recent token burn proposal marking out 74% of BNX assets leading to a more deflationary model. As a result, the total supply of BNX will drop to 1.62 billion while the market cap will hover around 580 million.
“All BNX token holders will have the opportunity to vote on this historic proposal. The date for the community vote is yet to be determined, so stay tuned!”
BNX Users React
According to BinaryX, the move will create a scarcity which will increase the value of each token in the market. The platform explained that this tipped to increase token economy long-term effects as adoption grows. BNX holders termed the move a step in the right direction to capitalize on recent market highs. The crypto market is marking inflows are weeks of negative trading as Bitcoin (BTC) and altcoins regain lost ground.
#BinanceTurns7 #cpi #Megadrop #BinanceTournament #Write2Earrn $BNX
Fed Williams Says First Rate Cut More Likely In Coming Month 🚨
John Williams, the President of the New York Federal Reserve suggests Fed rate cuts are closer but the central bank is not yet ready. The wider financial awaits the Feds decision to cut interest rates following recent positive inflation data. The general sentiment among institutional firms points to Fed rate cuts later this year
Fed Williams Points to Disinflationary Trend
The New York Fed Chief noted that interest rate cuts could happen in the coming months if the cooling inflation sustains. However, he downplayed the chances of the occurrence at the next Federal Reserve meeting in two weeks. In a recent interview with the Wall Street Journal, Fed William highlighted positive labor market conditions that can lead to the central bank’s 2% goal.
Recent CPI data from the Labor Department shows cooling yearly and monthly inflation most consumer goods record price falls. The 3% yearly inflation came in better-than-expected pointing traditional and crypto market commentators to potential interest rate cuts. Recently, Jerome Powell, the Fed Reserve Chair stated the recent leanings of the central bank toward rate cuts before the 2% inflation mark.
This is also due to cooling inflation figures highlighted by Williams giving the Feds a more proactive stance. The Federal Reserve will not wait until inflation hits 2% as Powell cited “long and variable lags” coupled with increased confidence.
#BinanceTurns7 #SOFR_Spike #US_Job_Market_Slowdown #Megadrop #Write2Earn!
John Williams, the President of the New York Federal Reserve suggests Fed rate cuts are closer but the central bank is not yet ready. The wider financial awaits the Feds decision to cut interest rates following recent positive inflation data. The general sentiment among institutional firms points to Fed rate cuts later this year
Fed Williams Points to Disinflationary Trend
The New York Fed Chief noted that interest rate cuts could happen in the coming months if the cooling inflation sustains. However, he downplayed the chances of the occurrence at the next Federal Reserve meeting in two weeks. In a recent interview with the Wall Street Journal, Fed William highlighted positive labor market conditions that can lead to the central bank’s 2% goal.
Recent CPI data from the Labor Department shows cooling yearly and monthly inflation most consumer goods record price falls. The 3% yearly inflation came in better-than-expected pointing traditional and crypto market commentators to potential interest rate cuts. Recently, Jerome Powell, the Fed Reserve Chair stated the recent leanings of the central bank toward rate cuts before the 2% inflation mark.
This is also due to cooling inflation figures highlighted by Williams giving the Feds a more proactive stance. The Federal Reserve will not wait until inflation hits 2% as Powell cited “long and variable lags” coupled with increased confidence.
#BinanceTurns7 #SOFR_Spike #US_Job_Market_Slowdown #Megadrop #Write2Earn!
Ethereum ICO Wallets Deposit 3,631 ETH to Kraken Just Before Ether ETF Approval 🚨
Ethereum whales have woken up making massive movements across exchanges. As per on-chain data, two Ethereum wallets belonging to the ICO period have moved a total of 3,631 ETH to the crypto exchange Kraken.
Ethereum ICO Wallets Make Huge Deposits
On-chain data provider Spot On Chain has recorded notable activity from Ethereum Foundation and ICO-related wallets. The two wallets together have deposited a total of 3,631 ETH, approximately valued at $12.5 million, to the crypto exchange Kraken in the last two days.
Specifically, Wallet 0xdb3 unloaded 2,631 ETH, worth $9.01 million. Historically, this wallet has been receiving Ethereum from both the Ethereum Foundation as well as the ICO participant 0xAb0.
Interestingly, over the past month since June 8, Wallet 0xdb3 has deposited a substantial 17,886 ETH, equivalent to $65 million, to various centralized exchanges (CEX).
Another Wallet 0xbf5 recently unloaded 1,000 ETH, valued at $3.46 million. This wallet received its Ethereum from ICO participant 0x510, who originally acquired 100,000 ETH during the Genesis event in 2015.
As per Spot on Chain, this Ethereum wallet still holds a total of 49,000 ETH, worth a staggering $171 million, across four different wallets.
Ether ETF Approval Sparks Excitement
Crypto market players are currently cheering for the upcoming approval of the spot Ethereum ETF, scheduled for July 23rd. The ETH price has given a major run up to $3,500 levels in preparation of the launch. As per data from Kaiko, the implied volatility has shot up for Ethereum near-term contracts. However, analysts predict that this ETH price rally can continue all the way to $4,500 until the ETF approval period.
#ETH_ETFs_Approval_Predictions #BinanceTurns7 #SOFR_Spike #Write2Earrn
$ETH
Ethereum whales have woken up making massive movements across exchanges. As per on-chain data, two Ethereum wallets belonging to the ICO period have moved a total of 3,631 ETH to the crypto exchange Kraken.
Ethereum ICO Wallets Make Huge Deposits
On-chain data provider Spot On Chain has recorded notable activity from Ethereum Foundation and ICO-related wallets. The two wallets together have deposited a total of 3,631 ETH, approximately valued at $12.5 million, to the crypto exchange Kraken in the last two days.
Specifically, Wallet 0xdb3 unloaded 2,631 ETH, worth $9.01 million. Historically, this wallet has been receiving Ethereum from both the Ethereum Foundation as well as the ICO participant 0xAb0.
Interestingly, over the past month since June 8, Wallet 0xdb3 has deposited a substantial 17,886 ETH, equivalent to $65 million, to various centralized exchanges (CEX).
Another Wallet 0xbf5 recently unloaded 1,000 ETH, valued at $3.46 million. This wallet received its Ethereum from ICO participant 0x510, who originally acquired 100,000 ETH during the Genesis event in 2015.
As per Spot on Chain, this Ethereum wallet still holds a total of 49,000 ETH, worth a staggering $171 million, across four different wallets.
Ether ETF Approval Sparks Excitement
Crypto market players are currently cheering for the upcoming approval of the spot Ethereum ETF, scheduled for July 23rd. The ETH price has given a major run up to $3,500 levels in preparation of the launch. As per data from Kaiko, the implied volatility has shot up for Ethereum near-term contracts. However, analysts predict that this ETH price rally can continue all the way to $4,500 until the ETF approval period.
#ETH_ETFs_Approval_Predictions #BinanceTurns7 #SOFR_Spike #Write2Earrn
$ETH
Breaking 🚨: Elon Musk To Move X Headquarters To Texas
Billionaire investor and X owner Elon Musk has just uncovered plans to move the headquarters of the social media platform to Austin, Texas. This announcement comes after series of speculation regarding the future of the viral social messaging app.
Elon Musk To Redefine X Future In Texas
As revealed on his official X handle, Elon Musk declared that the firm’s headquarters will move to Austin. This decision is coming a month and 2 years after he finalized the deal that saw him take ownership of the firm in a $44 billion deal.
When Jack Dorsey founded Twitter, the firm had historically operated from California. The decision from Elon Musk comes following unfavorable State laws under the government of Governor Gavin Newsom. California has suddenly become a place of terror for many American citizens for a number of reasons including the racism, high standard of living, high crime rate and housing crises amongst others. Even Musk claimed to have dodged violent attacks from gangs of drug addicts severally.
Therefore, it is no surprise that X is making this move. The announcement met with different reactions from X users, with a majority of them applauding the move. Though the timeline for the relocation remains unknown, it will mark a historic shift for the company and its staffs.
#BinanceTurns7 #SOFR_Spike #US_Job_Market_Slowdown #VanEck_SOL_ETFS #Write2Earn!
Billionaire investor and X owner Elon Musk has just uncovered plans to move the headquarters of the social media platform to Austin, Texas. This announcement comes after series of speculation regarding the future of the viral social messaging app.
Elon Musk To Redefine X Future In Texas
As revealed on his official X handle, Elon Musk declared that the firm’s headquarters will move to Austin. This decision is coming a month and 2 years after he finalized the deal that saw him take ownership of the firm in a $44 billion deal.
When Jack Dorsey founded Twitter, the firm had historically operated from California. The decision from Elon Musk comes following unfavorable State laws under the government of Governor Gavin Newsom. California has suddenly become a place of terror for many American citizens for a number of reasons including the racism, high standard of living, high crime rate and housing crises amongst others. Even Musk claimed to have dodged violent attacks from gangs of drug addicts severally.
Therefore, it is no surprise that X is making this move. The announcement met with different reactions from X users, with a majority of them applauding the move. Though the timeline for the relocation remains unknown, it will mark a historic shift for the company and its staffs.
#BinanceTurns7 #SOFR_Spike #US_Job_Market_Slowdown #VanEck_SOL_ETFS #Write2Earn!
Samson Mow Predicts Immediate Bitcoin Cash (BCH) Sale From Mt.Gox 🚨
Jan3 CEO and popular Bitcoin bull Samson Mow believes that beneficiaries from the repayment exercise of the defunct cryptocurrency exchange Mt.Gox might waste no time to offload their Bitcoin Cash (BCH) holdings.
The conversation started earlier on X with Mow speculating that only about 20% of the Mt.Gox Bitcoin distribution will hit the market. On the other hand, the remaining 80% of the same holding will just move to cold storage or be borrowed .
It is worth noting that the defunct exchange had confirmed that it was distributing both Bitcoin and Bitcoin Cash to its affected customers.
On this premise, Mow stated that all the Bitcoin Cash might get dumped in the market. One X user responded to Mow’s post, claiming that he had figured out how to extract and dump his BCH for more BTC almost immediately after the transaction of confirmed. According to this user, he got the information from GitHub and believes that other Mt.Gox beneficiaries will trail the same path once their BCH is paid.
Mow further highlighted the fact that most of these customers have waited for up to 10 years to recoup their assets after the exchange suffered an attack in 2014. In his opinion, quite a number of them have watched “Blocksize Wars and Ver’s antics”, therefore “who wouldn’t sell their BCH from Gox immediately?”
Within the last 24 hours, activities have been identified on some wallet addresses linked with the crypto exchange. In the early hours of today, crypto trackers spotted a Mt.Gox Bitcoin transfer worth 44,527 BTC to a new crypto exchange. At the time of the transfer, the holding was worth approximately $2.84 billion.
A few hours after the first transfer, blockchain analytics platform Arkham Intelligence spotted another move of 48,641 $BTC, valued at $3.07 billion, to a new address beginning with 3JQie…YyFrE. In the meantime, only Kraken has admitted to receiving crypto assets from the firm in preparation for the repayment exercise.
#Mt_Gox_BTC_Dip #BinanceTurns7 #CPIAlert
Jan3 CEO and popular Bitcoin bull Samson Mow believes that beneficiaries from the repayment exercise of the defunct cryptocurrency exchange Mt.Gox might waste no time to offload their Bitcoin Cash (BCH) holdings.
The conversation started earlier on X with Mow speculating that only about 20% of the Mt.Gox Bitcoin distribution will hit the market. On the other hand, the remaining 80% of the same holding will just move to cold storage or be borrowed .
It is worth noting that the defunct exchange had confirmed that it was distributing both Bitcoin and Bitcoin Cash to its affected customers.
On this premise, Mow stated that all the Bitcoin Cash might get dumped in the market. One X user responded to Mow’s post, claiming that he had figured out how to extract and dump his BCH for more BTC almost immediately after the transaction of confirmed. According to this user, he got the information from GitHub and believes that other Mt.Gox beneficiaries will trail the same path once their BCH is paid.
Mow further highlighted the fact that most of these customers have waited for up to 10 years to recoup their assets after the exchange suffered an attack in 2014. In his opinion, quite a number of them have watched “Blocksize Wars and Ver’s antics”, therefore “who wouldn’t sell their BCH from Gox immediately?”
Within the last 24 hours, activities have been identified on some wallet addresses linked with the crypto exchange. In the early hours of today, crypto trackers spotted a Mt.Gox Bitcoin transfer worth 44,527 BTC to a new crypto exchange. At the time of the transfer, the holding was worth approximately $2.84 billion.
A few hours after the first transfer, blockchain analytics platform Arkham Intelligence spotted another move of 48,641 $BTC, valued at $3.07 billion, to a new address beginning with 3JQie…YyFrE. In the meantime, only Kraken has admitted to receiving crypto assets from the firm in preparation for the repayment exercise.
#Mt_Gox_BTC_Dip #BinanceTurns7 #CPIAlert
