The president-elect and the world’s richest man combined Wednesday to smash a short-term spending compromise orchestrated by Republican House Speaker Mike Johnson to keep the government open until early in Trump’s new term.

The stop-gap measure is packed with nearly $100 billion in aid for Americans hit by multiple national disasters, economic aid for farmers, a federal commitment to rebuild Baltimore’s Francis Scott Key Bridge and a criminalization of revenge porn.

But the Trump-Musk blocking maneuver plunged the capital into one of its classic year-end crises, pitched Johnson’s hopes of keeping his job into extreme doubt and offered a preview of the chaos that may churn in Trump’s second term.

#Elonmusk
#Donaldtrump

El Salvador, which is looking to unlock $3.5 billion from the International Monetary Fund, has agreed to some bitcoin (BTC) concessions to get the money.

The nation will have to wind down or sell its Chivo crypto wallet, make bitcoin acceptance voluntary in the private sector and make taxes payable only in U.S. dollars.

Chivo failed to take off on a national level despite offering $30 for Salvadorans to sign up.

Everything lost?
#BTCNextMove

#2024withBinance

Son nice.

Amazon founder and Washington Post owner Jeff Bezos has become the latest billionaire to meet Donald Trump at his Florida resort.

He was seen entering Mar-a-Lago on Wednesday night on his way to dinner with the president-elect, in video posted on social media.

US media reported that Elon Musk joined the pair. Mr Musk later tweeted "it was a great conversation".

Mr Bezos has pledged $1m (£780,000) to Trump's inauguration fund, one of a number of donations pledged by tech bosses.

Mr Bezos has large business interests with the US government through several of his companies, including Amazon's cloud computing division and Blue Origin, his space exploration company.

If you've been watching bitcoin, you probably noticed the pullback yesterday. It dropped from $108,000 to $99,000 after the FOMC meeting, where the Fed cut rates, and Jerome Powell, the Fed Chair, when asked about the Strategic Bitcoin Reserve, said: "We're not allowed to own bitcoin and not looking for a law change.". The market, as usual, overreacted by dumping bitcoin. But let me tell you: This dip? It's nothing to worry about.

North Korean groups have stolen $1.34bn through cryptocurrency hacks this year, their highest level of such thefts on record, underlining the importance of this revenue stream for Pyongyang. The total value of the thefts by North Korean-affiliated groups, across 47 incidents in 2024, is more than double the amount they took last year, according to data from Chainalysis, a blockchain research group. It means the country now accounts for two-thirds of cryptocurrency hacks globally.

#BTCNextMove

* BTC/ETH: Bitcoin against Ethereum
* BTC/USDT: Bitcoin against Tether (a stablecoin pegged to the US Dollar)
* BTC/BNB: Bitcoin against Binance Coin (the native cryptocurrency of the Binance exchange)
These pairs allow traders to diversify their portfolios and potentially profit from price fluctuations between different cryptocurrencies.

The Hong Kong Securities and Futures Commission said it had granted licences to Accumulus GBA Technology (Hongkong) Co., DFX Labs Company, Hong Kong Digital Asset EX, and Thousand Whales Technology (BVI).

This brings the total licensed virtual asset trading platforms in the city to seven. Hong Kong previously approved three trading platforms - HashKey, OSL and HKVAX.

 ( BTC ) lost the $100,000 threshold after registering a 6.4% drawdown in the past 24 hours, priced at $97,000 as of press time.

Bitcoin fell to a low of $96,233 before attempting a recovery.As a result, crypto derivatives registered nearly $1.2 billion in liquidations over the period, based on CoinGlass data .

Sharper corrections among major altcoins followed BTC’s slump, as the total crypto market cap fell 9% in the same period to $3.63 trillion.

$BTC

Against this backdrop, the leading exchange has committed to delisting trading pairs for Kaon’s powering token, AKRO (formerly Akropolis), Bluezelle (BLZ), and WazirX (WRX). Specifically, the exchange will remove and automatically terminate orders for the following trading pairs:

AKRO/USDT

BLZ/BTC,

BLZ/USDT, and

WRX/USDT

Further, Binance articulated that the tokens’ valuation will no longer be displayed in users’ wallets after delisting. Deposits of these tokens will not be credited to user accounts 24 hours after the official delisting. Users have only until February 25, 2025, at 03:00 UTC, to withdraw the affected tokens from Binance.

On Thursday afternoon, Republicans unveiled a new proposal that suspended the debt limit for the first two years of Trump's second term, funded the government until March and included some disaster relief and other measures included in the original funding package.

But Musk's involvement may not land well with some legislators. Democrats in the chamber joked about "President Musk", while even a few Republicans publicly grumbled.

"Who?" Pennsylvania Republican Glenn Thompson responded when asked about Musk. "I don't see him in the chamber."

#Elonmusk
#Trump

* Recent Volatility: Over the past few weeks, the stock market has experienced significant swings, with the S&P 500 index often moving more than 1% in a single day. This level of volatility is higher than what we've seen in recent months.
* Contributing Factors: Several factors are believed to be contributing to this increased volatility:
* Tech Earnings: Recent earnings reports from major tech companies have been mixed, leading to some market uncertainty.
* Interest Rate Concerns: The Federal Reserve's monetary policy decisions, particularly regarding interest rates, continue to be a major factor influencing market sentiment.
* Economic Data: Recent economic data, such as inflation figures and employment reports, has been somewhat mixed, adding to the uncertainty.
What This Means for Investors:
* Increased Risk: Market volatility generally increases investment risk. Investors should be prepared for potential price fluctuations in their portfolios.
* Long-Term Perspective: It's important to maintain a long-term perspective when investing. Short-term market fluctuations are normal and shouldn't necessarily cause panic selling.
* Diversification: Diversifying your investment portfolio across different asset classes and sectors can help to mitigate some of the risks associated with market volatility.
Disclaimer:
* This information is for general knowledge and informational purposes only and does not constitute financial, investment, or other professional advice.
* It is essential to conduct thorough research and consult with a qualified financial advisor before making any investment decisions.
I hope this information is helpful!
#BinanceAlphaAlert

 Shiba Inu whale recently liquidated 250 billion SHIB worth $6.05 million. With a mere $3,800, this whale made its first foray into the SHIB market on Aug. 6, 2020, purchasing an incredible 15.28 trillion SHIB, which reached its peak value of $1.22 billion. The whale has made a total profit of $109 million over the course of their holdings, and they still have 2.15 trillion SHIB, or roughly $52.18 million.
#Shiba

Bitcoin, XRP and Dogecoin Fall Fast After Federal Reserve Cuts Rates

Bitcoin dropped after Federal Reserve Chair Jerome Powell said the central bank would cut interest rates at a slower pace in the new year.

#MarketCorrectionBuyOrHODL?

Wednesday was worst-ever Fed day for S&P 500, investment group says

The S&P 500 slid close to 3% on Wednesday. That marked its worst performance on record during a Federal Reserve interest rate announcement day, according to Bespoke Investment Group.

The broad index fell after the Fed indicated that it would cut rates less than previously expected next year. Wednesday recorded the biggest one-day drop for the S&P 500 since the global market rout on Aug. 5.

— Alex Harring
#MarketCorrectionBuyOrHODL?

The crypto market is currently experiencing a bearish trend, which can be attributed to several factors:
* Macroeconomic headwinds: Rising interest rates, inflation, and the potential for a recession are creating uncertainty in global financial markets, including crypto. Investors are becoming more risk-averse and seeking safer havens for their assets.
* Regulatory crackdown: Increased regulatory scrutiny and enforcement actions against crypto companies are creating a challenging environment for the industry. This uncertainty is discouraging investment and leading to a decline in market confidence.
* Lack of significant catalysts: The absence of major bullish catalysts, such as widespread institutional adoption or positive regulatory developments, is contributing to the bearish sentiment. Without new drivers of growth, the market is struggling to find momentum.
* Technical factors: Technical indicators, such as moving averages and relative strength index, are signaling a bearish trend. This is further reinforcing the negative sentiment among traders and investors.
* Crypto winter: The crypto market has experienced several bear markets in the past, and some analysts believe that we are currently in another crypto winter. These periods of prolonged bearishness are characterized by low trading volumes, declining prices, and a lack of investor interest.
#MarketCorrectionBuyOrHODL?
#FullMarketBullRun
#MarketPullback

Should we turn our Assets to USDT?
#MarketCorrectionBuyOrHODL?
$SOL

Binance and Cristiano Ronaldo introduce “ForeverSkills,” their fifth digital collectibles celebrating the football legend’s iconic skills.

The screen offers a glimpse into an athlete’s world, showcasing their talent and techniques to millions. But for those seeking a deeper connection, mere observation often feels lacking, unable to truly convey the love behind the sport.

Fans today want more than highlight reels; they aspire to participate, learn and earn recognition for themselves. When passive admiration no longer satisfies, the desire to move beyond the spectator’s role becomes irresistible.

The challenge lies in this: How to create an experience where fans don’t just admire but immerse themselves in the skills and essence of the sport and with Cristiano Ronaldo?

Ronaldo’s iconic moves coming onchain

#BinanceAlphaAlert