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3rdeyeofcrypto
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$BTC As I said yesterday, we might mark a local bottom in 2-3 candles. So far, the price has bounced nicely from this area, and the U.S. market dropped significantly yesterday, so we must trade carefully in the upcoming days. Enjoy your weekend! Once the market ends this chop and we have a clear direction, I will start taking open trades😀🍺
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It will be a good time for altcoins if dominance drops below the red zone
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$BTC I posted this chart in the first week of August, and so far, it's following our plan . I don’t think we will sweep the aug low again plus We’re good as long as there’s no weekly close below 48k.
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Japan's Top Banks Collaborate on Project Pax for Cross-Border Stablecoin Payments Japan's largest banks—MUFG, SMBC, and Mizuho—are teaming up on “Project Pax,” a new stablecoin platform aimed at revolutionizing cross-border payments using blockchain technology. Set to launch in 2025, the platform will enable faster, more cost-efficient international settlements, leveraging stablecoins issued by Progmat, a blockchain startup backed by these banks, SBI Holdings, and Japan Exchange Group. Project Pax will use SWIFT’s API framework to integrate blockchain with traditional banking systems, addressing compliance issues like anti-money laundering regulations. The collaboration with blockchain firms Progmat, Datachain, and TOKI aims to reduce redundancies in fiat transfers and lower operational costs, offering a streamlined solution for global payments. By incorporating stablecoins tied to major fiat currencies such as JPY, USD, and EUR, Project Pax is poised to enhance the speed and efficiency of cross-border transactions, making them as fast as the "speed of the internet." 4o
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Sonic SVM to Launch $12.8M HyperFuse Node Sale on Solana Sonic SVM, a blockchain gaming platform built on Solana, is set to launch a $12.8 million sale of 50,000 HyperFuse nodes, starting the week of September 16, 2024. The sale aims to support the development of Sonic SVM's gaming platform by offering nodes that help secure the network and validate transactions. Buyers will earn token rewards for operating the nodes and may be eligible for future airdrops, though these are not yet confirmed. This initiative is part of Sonic SVM's broader HyperGrid framework, designed to optimize high-speed transactions for blockchain-based games. The project has already raised $12 million through traditional funding but is now adopting node sales to expand its reach. With the rise of Web3 gaming, the HyperFuse node sale offers an opportunity for participants to get involved in the growing sector while acquiring Sonic Tokens at a competitive rate.
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