According to BlockBeats, several significant macroeconomic events this week are anticipated to influence the cryptocurrency market's trajectory.On Wednesday, August 21, at 1:35 AM, Raphael Bostic, the 2024 FOMC voting member and President of the Federal Reserve Bank of Atlanta, is scheduled to deliver a speech. This event is closely watched by market participants for insights into future monetary policy directions.Following this, on Thursday, August 22, at 2:00 AM, the Federal Reserve will release the minutes of its recent monetary policy meeting. These minutes are expected to provide detailed insights into the discussions and considerations that influenced the Fed's latest policy decisions, which could have significant implications for the financial markets, including cryptocurrencies.Later on the same day, at 8:30 PM, the U.S. Department of Labor will announce the initial jobless claims for the week ending August 17. This data is a critical indicator of the labor market's health and can influence market sentiment and economic forecasts.Finally, on Friday, August 23, at 10:00 PM, Federal Reserve Chairman Jerome Powell will speak at the annual Jackson Hole Economic Symposium. Powell's remarks on the economic outlook are highly anticipated and can have a substantial impact on market expectations and movements.These events are expected to play a crucial role in shaping the market dynamics for cryptocurrencies in the coming days.

Turning your $40 into $549 in just one month on Binance without additional investments may sound ambitious, but it’s possible with careful planning, utilizing Binance’s features, and taking a proactive approach. Here’s a step-by-step guide to help you achieve your goal.

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Step 1: Set Up Your Binance Account

Before anything else, you need to have a Binance account. If you don’t already have one, follow these steps:

1. Sign up on Binance:

Go to Binance's website and sign up.

Complete the registration process and verify your account.

2. Enable 2FA:

For added security, enable two-factor authentication (2FA) on your account.

3. Deposit Your $40:

Deposit your $40 into your Binance account using your preferred payment method (bank transfer, credit card, etc.).

You can also transfer cryptocurrency from another wallet if you already have some.

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Step 2: Use Binance's Referral Program to Earn Passive Income

Binance’s referral program allows you to earn commissions for every new user you bring to the platform. You don’t need to invest extra money to take advantage of this.

1. Find Your Referral Link:

After logging in, go to your Referral Program section in your Binance account.

Copy your unique referral link.

2. Share Your Link:

Share your referral link with friends, family, or on social media platforms.

Earn a commission every time someone signs up and trades using your link.

3. Reinvest Earnings:

Reinvest the referral commissions you earn back into your Binance account. Use these earnings to increase your trading capital and grow your funds.

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Step 3: Start Earning Passive Income With Binance Earn

Binance Earn allows you to earn interest on your crypto holdings through staking, savings, and liquidity pools. You can use the $40 in your account to participate in these opportunities and earn a steady stream of passive income.

1. Explore Available Options on Binance Earn:

Go to the Earn section of your Binance account.

Look for flexible savings or staking products that offer high yields with minimal risk.

2. Deposit Your $40 into a Staking or Savings Program:

Choose a crypto asset with attractive rewards (such as USDT or BNB).

Deposit your funds into the flexible savings or staking program of your choice.

3. Reinvest Your Earnings:

After earning rewards, reinvest them to compound your earnings over time.

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Step 4: Participate in Binance Competitions and Promotions

Binance often runs trading competitions and promotions that give users the chance to win free tokens or rewards without needing additional investment.

1. Find Ongoing Competitions:

Go to Binance’s Promotions section.

Look for competitions that you can enter with the funds you already have, such as price prediction contests, trading challenges, or special bonus events.

2. Participate Actively:

Participate in trading competitions where you can earn rewards by completing certain tasks or achieving specific trading volumes.

Stay active in competitions and try to maximize your chances of winning.

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Step 5: Leverage Binance’s P2P Trading to Make Profits

The Peer-to-Peer (P2P) marketplace on Binance allows you to buy and sell cryptocurrencies directly with other users. This is a great way to make profits by taking advantage of price differences.

1. Access Binance P2P:

Navigate to P2P Trading in your Binance account.

Browse available buy/sell orders for different cryptocurrencies.

2. Look for Opportunities:

Look for price discrepancies between buy and sell orders. You may find opportunities where you can buy crypto at a lower price and sell it at a higher price, profiting from the difference.

3. Execute Your Trades:

Use your $40 to buy and sell cryptocurrencies based on the market trends and arbitrage opportunities.

You can repeat this process to gradually grow your $40.

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Step 6: Participate in Airdrops and Earn Free Tokens

Airdrops are free distributions of tokens from new projects to users. Binance frequently hosts airdrops, which can be an easy way to grow your portfolio without spending extra money.

1. Check for Active Airdrops:

Visit Binance’s Airdrop page or follow Binance on social media to keep track of upcoming airdrops.

2. Complete Requirements for Airdrops:

Some airdrops require you to hold certain assets in your Binance account or complete simple tasks (such as following a project on Twitter).

3. Claim and Hold Tokens:

After successfully participating in an airdrop, claim your tokens.

Hold the airdropped tokens, and if they increase in value, you can sell them for a profit.

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Step 7: Engage in Binance NFT Marketplace for Flipping Profits

Binance’s NFT marketplace allows you to buy and sell digital collectibles, which could potentially increase in value. If you’re able to spot a valuable NFT early, it can provide significant returns.

1. Browse NFTs on Binance:

Go to the NFT Marketplace section of Binance.

Look for undervalued or trending NFTs that could appreciate in price.

2. Buy NFTs:

Use your $49 to purchase NFTs that you believe will increase in value.

3. Sell NFTs for Profit:

Once the price of your NFTs increases, you can sell them on Binance’s marketplace to make a profit.

4. Reinvest Profits:

Use the profit from your NFT sales to grow your initial investment further.

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Step 8: Stay Informed and Be Strategic

The key to turning $49 into $549 in a month is to stay informed about market trends, promotions, and Binance’s features. You can also learn about advanced trading strategies like technical analysis to make more informed decisions.

1. Follow Market Trends:

Keep an eye on the latest market trends by using Binance’s News and Academy sections.

2. Make Informed Trades:

Use the knowledge from Binance Academy to learn about market indicators, technical analysis, and how to spot good trading opportunities.

3. Adjust Strategies:

As the market evolves, be flexible and adjust your strategies to take advantage of new opportunities.

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Conclusion

Turning $49 into $549 in one month without additional investment is a challenge, but by strategically using the various features of Binance, you can grow your funds significantly. Whether through passive income from Binance Earn, trading in the P2P marketplace, participating in promotions, or capitalizing on airdrops and NFTs, there are many ways to leverage your initial investment.

#CryptoEarnings #CryptoMarketMoves #ChristmasMarketAnalysis #USJoblessClaimsFall #MarketPullback

TOTAL also appears to have completed a large triangle and entered a bullish phase from the point where we placed the green arrow on the chart.

The structure of this bullish phase is not yet clear, but it is evident that only the first wave of the bullish phase has been completed.

Currently, the price is in the second corrective wave, which will likely conclude in the coming weeks. Afterward, TOTAL is expected to enter the third wave, which is a bullish wave.

We have identified the upcoming targets for TOTAL.

In this corrective wave we are currently in, the market will experience pumps and dumps aimed at liquidity hunting, so you should be cautious with your futures positions.

For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
$BNB
$BTC
$ETH
#CryptoMarketMoves #Market_Update #Write2Earn #crypto

Rising Whale Activity Signals a Potential Rally
Chainlink (LINK) has taken center stage due to increased whale activity. Over the past 48 hours, nine new wallets have withdrawn a total of 362,380 LINK worth approximately $8.19 million from Binance. This significant activity highlights growing interest in the token and sparks speculation about a potential price breakout.
Currently, LINK is trading at $21.87, reflecting a 4.62% drop in the last 24 hours. However, these movements suggest a possible shift in momentum that could reshape the token’s trajectory.
Key Resistance Level Defines LINK’s Next Move
Technical Analysis and Growth Potential
Chainlink is at a critical juncture. After a sharp rise to $32 in November, the token has fallen back to the $21 range, which serves as a significant support level. This zone could act as a springboard for another bullish attempt to reach $32.
If LINK fails to hold this support, it could drop further to test lower support levels. Traders should closely monitor price movements, as these levels will be crucial in determining LINK’s short-term outlook.

Increased Transactions Signal Brewing Activity
Growing Network Activity
Chainlink transactions have increased by 0.76% in the last 24 hours, reaching 10,000. This rise in activity suggests heightened token movement within the network and renewed interest from market participants.
Historically, such growth in transaction activity often correlates with increased volatility, indicating that Chainlink may be on the verge of a significant price movement.

Rising Active Addresses Reflect Network Confidence
Positive Signals from Growing Addresses
Active addresses on the Chainlink network have risen by 0.83% over the last day to reach 5,700. This increase aligns with whale accumulation and signals growing confidence in the network’s potential.
Additionally, rising active addresses often indicate broader adoption, further supporting a bullish outlook for LINK.

Declining Exchange Reserves Reduce Selling Pressure
Lower Pressure to Sell Tokens
Chainlink’s exchange reserves have decreased by 0.26% in the last 24 hours to 161.5 million LINK. This drop suggests that holders are moving tokens from exchanges to private wallets, typically indicating long-term holding intentions.
The combination of whale accumulation and shrinking reserves creates favorable conditions for a potential price increase.

The Future of Chainlink: Will It Reclaim $32?
Bullish Outlook Based on Current Data
Recent whale activity, increased transactions, rising active addresses, and declining exchange reserves all point to Chainlink’s potential for a recovery.
If the token maintains key support at $21.87, it could reclaim $32 in the coming weeks. However, investors should closely watch market developments, as support and resistance levels will play a critical role in LINK’s next move.

#cryptowhales , #Chainlink , #LINK🔥🔥🔥 #CryptoMarketMoves , #CryptoNewss

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

🚨🚨Did the UAE’s Bitcoin Holdings Really Reach $40 Billion? 🤔😯😯😯🤔
Recently, a bold claim circulated in the crypto community suggesting that the United Arab Emirates (UAE) has amassed a staggering $40 billion in Bitcoin. However, some prominent figures, including crypto commentator Bitcoin Archive, have raised doubts about this claim, questioning the lack of credible evidence to support it. So, is this a genuine development, or just another rumor? Let’s delve into the details.
#### UAE’s Bitcoin Holdings Allegedly Hit $40 Billion
Reports have surfaced indicating that the UAE’s Bitcoin holdings have surged to $40 billion, reflecting the country's growing interest in cryptocurrencies. This development aligns with the global rise in cryptocurrency prices and underscores the UAE’s commitment to fostering a crypto-friendly environment. Efforts like the creation of Dubai’s cryptocurrency hub have helped promote blockchain startups, contributing to an increase in Bitcoin reserves within the country.
Industry experts speculate that the UAE will continue expanding its Bitcoin holdings, positioning itself as a leader in the space and encouraging institutional investment in the process. Binance’s former CEO, Changpeng Zhao (CZ), even hinted at the UAE’s covert accumulation of Bitcoin reserves.
#### Lack of Evidence to Back the Claim
Bitcoin Archive recently highlighted the lack of verifiable sources behind a report published by Bitcoinist, which claimed that the UAE’s Bitcoin holdings had reached $40 billion. According to Bitcoin Archive, the article failed to provide any credible evidence or supporting links to substantiate the acquisition. After conducting their own research, Bitcoin Archive found no confirmation of such a major purchase.
The organization emphasized that a move of this magnitude would likely generate worldwide attention, especially given the UAE’s significant role in the global crypto market. The report also touched on the ongoing debate about Bitcoin’s place in national financial reserves, citing former U.S. President Donald Trump’s suggestion of creating a U.S. Bitcoin Strategic Reserve.
#### Doubts About the Report's Credibility
Bitcoin Archive also expressed skepticism regarding the “Bitcoinist” article, criticizing its flashy headline and lack of supporting details. The article’s author failed to provide sufficient background information, which only heightened concerns over the report’s accuracy.
#### UAE’s Crypto Growth Continues
Between 2023 and June 2024, the UAE saw an influx of $34 billion into cryptocurrencies, marking a 42% increase compared to the previous year. Bitcoin has emerged as a dominant force in the region, capturing 19% of the market share, while stablecoins like Tether hold 51%.
Tether, for instance, is preparing to launch a dirham-backed token, underscoring the UAE's commitment to the digital asset sector. By 2025, it is estimated that 3.78 million people in the UAE will be actively engaged in crypto.
Moreover, reports indicate that by early 2024, 72% of UAE residents had invested in Bitcoin, with significant contributions from large institutional investors. The country’s rapid growth in the crypto space has positioned it as a key player on the global stage.
### Conclusion
While the claim that the UAE’s Bitcoin holdings have reached $40 billion remains unverified, the country’s ongoing crypto expansion is undeniable. Its strategic efforts to cultivate a digital asset-friendly ecosystem and attract institutional investment continue to solidify its role as a leading crypto hub. Whether or not the $40 billion figure is accurate, the UAE's influence on the global crypto market is clear.

Massive Movements in the Shiba Inu (SHIB) Ecosystem
According to data from IntoTheBlock, a staggering 2.75 trillion SHIB was recorded in outflows from large holders yesterday, December 20. This movement is part of a broader trend, with the total large transaction volume for SHIB over the last 24 hours reaching 6.37 trillion SHIB.
This outflow contributed to a 754% increase over the past seven days. Meanwhile, inflows to whale addresses totaled 1.9 trillion SHIB yesterday, marking a 133% weekly increase. This heightened activity suggests significant interest among whales, as Shiba Inu recorded a 55.81% increase in large transactions within 24 hours.
Crypto Sell-Off: How Does It Impact SHIB?
Bearish Market Conditions Across Exchanges
Yesterday's surge in outflows coincides with a broader crypto market sell-off, which has affected numerous tokens this week. This likely prompted large SHIB holders to move substantial amounts of tokens.
By the end of the day, SHIB had dropped 23.28%, closing at $0.00001874. This decline helps explain why outflows significantly outweighed inflows.
Whales Realizing Profits
Significant outflows indicate that some whales may be cashing out profits amid market uncertainty. With prevailing bearish sentiment, this may be a precautionary measure to mitigate volatility risks.
What Do Large SHIB Holder Outflows Indicate?

Interpreting Whale Outflows
Outflows from large holders, as tracked by IntoTheBlock, monitor funds leaving whale addresses. These outflows could indicate two main scenarios:
Selling tokens from whale addresses.Withdrawing funds from exchanges.
Withdrawals from exchanges may be motivated by security concerns, such as moving assets to cold wallets, which could be seen as a bullish signal. Conversely, large outflows may also indicate attempts to avoid liquidation during periods of extreme volatility. Since exchanges are among the largest crypto holders, such outflows often involve funds leaving these platforms.
Positive Developments: Partnership with Chainlink
Despite current sell-offs, Shiba Inu is solidifying its market position through key partnerships and technological advancements:
Shiba Inu has partnered with Chainlink, enabling its ecosystem tokens SHIB, BONE, and LEASH to adopt the CCT standard.The Shibarium blockchain network has implemented Chainlink's CCIP protocol as its primary cross-chain infrastructure. This move enhances low-latency market data connectivity.
These technological advancements demonstrate that Shiba Inu continues to work on developing its ecosystem, which could support its long-term growth.

#shiba⚡ , #Shibarium , #MemeWatch2024 , #CryptoMarketMoves , #memecoin🚀🚀🚀

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“