USDollarWarning
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#US Dollar Analysis
The US dollar is currently consolidating within a descending triangle pattern and rebounding from a horizontal demand zone. The Ichimoku Cloud is providing support beneath the price action as it tests the resistance trendline of the triangle.
A decisive breakout or breakdown from this pattern will be crucial for signaling the dollar’s next significant move.
Due to the US dollar’s usual inverse correlation with the cryptocurrency market, any major change could have far-reaching effects on broader market dynamics.
#USDollarWarning #TetherAEDLaunch $USDC
$USDP
The US dollar is currently consolidating within a descending triangle pattern and rebounding from a horizontal demand zone. The Ichimoku Cloud is providing support beneath the price action as it tests the resistance trendline of the triangle.
A decisive breakout or breakdown from this pattern will be crucial for signaling the dollar’s next significant move.
Due to the US dollar’s usual inverse correlation with the cryptocurrency market, any major change could have far-reaching effects on broader market dynamics.
#USDollarWarning #TetherAEDLaunch $USDC
$USDP
Kamala Harris Gains Momentum in U.S. Presidential Race: Latest Market Insights
📊 U.S. Election Market Shift 📊
An intriguing update from Polymarket reveals Kamala Harris emerging as a formidable contender in the U.S. presidential race. Harris’ potential victory probability now hovers close to 39%, marking a noticeable shift from prior forecasts. Meanwhile, the odds for Donald Trump have declined to around 61%. This significant market swing may hint at strategic maneuvers by traders responding to recent discussions about potential voting irregularities affecting Trump.
Polymarket, a decentralized prediction platform, enables users to buy shares that correspond to the likelihood of specific events, such as election outcomes. The trading prices act as indicators of event probabilities, where higher prices reflect increased confidence among investors. In recent days, transactions surpassing $10,000 have been observed, with a notable influx of purchases leaning towards Harris’ shares—a move that might signal traders hedging against previous bets favoring Trump.
These trading dynamics underscore the volatile nature of the election landscape, where strategic investments reflect a mix of market sentiment and calculated positioning. As the political climate intensifies, Polymarket continues to serve as a pulse on trader sentiment and election forecasts, with every trade adding a layer of insight into what could unfold in this highly anticipated race.
$SHIB $PEPE $LINK
#KamalaHarrisvsTrump #KamalaForTheWin #Write2Earn! #USDollarWarning
An intriguing update from Polymarket reveals Kamala Harris emerging as a formidable contender in the U.S. presidential race. Harris’ potential victory probability now hovers close to 39%, marking a noticeable shift from prior forecasts. Meanwhile, the odds for Donald Trump have declined to around 61%. This significant market swing may hint at strategic maneuvers by traders responding to recent discussions about potential voting irregularities affecting Trump.
Polymarket, a decentralized prediction platform, enables users to buy shares that correspond to the likelihood of specific events, such as election outcomes. The trading prices act as indicators of event probabilities, where higher prices reflect increased confidence among investors. In recent days, transactions surpassing $10,000 have been observed, with a notable influx of purchases leaning towards Harris’ shares—a move that might signal traders hedging against previous bets favoring Trump.
These trading dynamics underscore the volatile nature of the election landscape, where strategic investments reflect a mix of market sentiment and calculated positioning. As the political climate intensifies, Polymarket continues to serve as a pulse on trader sentiment and election forecasts, with every trade adding a layer of insight into what could unfold in this highly anticipated race.
$SHIB $PEPE $LINK
#KamalaHarrisvsTrump #KamalaForTheWin #Write2Earn! #USDollarWarning
#US DOLLAR ANALYSIS
The US dollar is consolidating within a descending triangle pattern, rebounding from its horizontal demand zone, with the Ichimoku Cloud acting as support. The price is currently testing the triangle's resistance trendline.
A decisive breakout or breakdown from this triangle will be pivotal in determining the dollar's next major move.
Given the US dollar’s typical inverse relationship with the cryptocurrency market, any significant shift could have substantial implications for broader market trends.
#BTC67KRebound #BTC67KRebound #USDollarWarning
The US dollar is consolidating within a descending triangle pattern, rebounding from its horizontal demand zone, with the Ichimoku Cloud acting as support. The price is currently testing the triangle's resistance trendline.
A decisive breakout or breakdown from this triangle will be pivotal in determining the dollar's next major move.
Given the US dollar’s typical inverse relationship with the cryptocurrency market, any significant shift could have substantial implications for broader market trends.
#BTC67KRebound #BTC67KRebound #USDollarWarning
Tether Founder Reveals Truth About Reserves: Inside the Stablecoin Giant’s $80 Billion Backing 🏦
Tether, the world’s largest and most widely used stablecoin, has finally shed light on one of the most controversial issues in the crypto world—its reserves. In a surprising turn, Tether’s founder offered new, detailed insights into the assets backing the $80 billion worth of USDT in circulation. This information is more than just numbers; it’s a glimpse into the financial engine that drives a significant part of the global crypto market. So, what exactly is backing Tether’s reserves, and what does it mean for the future of stablecoins?
1. Breaking Down Tether’s Reserves 💵
The founder disclosed that Tether’s reserves are a diversified blend of cash, cash equivalents, Treasury bills, commercial paper, and other assets. Notably, a substantial share is held in short-term U.S. Treasury bills, which are considered one of the safest investments available due to their stability and liquidity. Here’s a more detailed look:
- Cash and Cash Equivalents: While a portion is held as cash, the term “cash equivalents” can include things like money market funds or highly liquid securities. These provide the flexibility needed for Tether to handle redemptions quickly.
- Short-Term Securities: U.S. Treasury bills form a large part of Tether’s reserves. These securities are among the safest financial instruments, providing stability while yielding a small return.
- Commercial Paper: Tether has gradually reduced its exposure to commercial paper after facing criticism that it wasn’t fully transparent about the companies issuing this debt. Now, the founder claims, Tether has shifted toward higher-quality investments with more liquidity and lower risk.
2. The Push for Transparency and Regular Audits 🔍
For years, Tether has faced calls for more transparency, with many questioning if USDT was truly fully backed. The founder addressed these concerns, saying Tether is committed to publishing regular, third-party audits. Tether recently partnered with a prominent auditing firm to provide more frequent attestations about its reserves. This move aims to reassure both investors and regulators, who are increasingly scrutinizing stablecoins.
The Road to Clearer Audits: While some believe the published reports still fall short of a full audit, Tether’s founder argues that regular attestations from third parties demonstrate a serious commitment to transparency. These steps may pave the way for Tether to meet global regulatory expectations, which are becoming more stringent as stablecoins grow.
3. Why Transparency on Reserves Matters to Crypto Investors 🌐
With $80 billion in circulation, Tether is a pillar of liquidity in the cryptocurrency market. If Tether ever faced a liquidity crisis, the ripple effects would likely destabilize the broader crypto ecosystem. The founder’s latest revelations underscore Tether’s ability to handle substantial withdrawals, citing past events where large amounts were redeemed without hiccups.
- Liquidity and Redemption: Tether’s founder emphasizes that the assets are chosen to maintain high liquidity, which ensures users can redeem their USDT for cash anytime, even during market stress.
- Market Confidence: Tether’s size makes it a target for scrutiny, and these disclosures are meant to rebuild confidence in its model. With the increased push for transparency, Tether hopes to encourage other stablecoins to follow suit, which could lead to higher standards across the industry.
4. Tether’s Role Amid Growing Regulatory Pressure 🏛️
The stablecoin market has exploded, drawing the attention of regulators worldwide. Tether’s founder openly acknowledged the company’s relationship with regulators, stating Tether is actively working with them to meet compliance standards. Stablecoins have become central to crypto trading and decentralized finance (DeFi), but regulators worry they could pose risks to traditional financial systems.
- Global Regulations on Stablecoins: Regulators in the U.S., EU, and Asia are focusing on establishing frameworks for stablecoin issuers, including clear disclosures on reserve holdings. The founder said Tether is committed to meeting these expectations to ensure continued global operation.
- Pioneering Stablecoin Regulations: By cooperating with regulators and providing transparency, Tether is not only safeguarding its future but also helping to shape how stablecoins are governed worldwide. This approach may influence future policies that define transparency and reserve requirements across the entire industry.
5. What’s Next for Tether and the Stablecoin Ecosystem? 🚀
The founder’s disclosures have set a new tone, one that could impact the entire stablecoin sector. With clear reserve transparency and stronger assurances to both investors and regulators, Tether might be positioning itself as a long-term, reliable player in the financial landscape.
- Rising Institutional Interest: With better transparency, Tether could see more adoption in traditional finance sectors, allowing banks and financial institutions to use USDT for settlement and cross-border payments.
- Path to Future Innovation: Tether has hinted at upcoming product expansions, possibly in areas like decentralized finance and cross-border transactions, as the stablecoin market diversifies and matures.
👇👇👇
$USDC
Final Thoughts: Stability for the Crypto Economy? 🔐
These insights from Tether’s founder reveal a company aware of its massive influence on the crypto market and committed to enhancing transparency. For crypto investors, this move could reinforce trust in Tether as a stable foundation. For the industry, it highlights a shift toward regulated, accountable stablecoins, which are increasingly essential as crypto eyes integration with traditional finance.
#TetherUnderInvestigation #USDollarWarning #CryptoPreUSElection #SuperMacho
1. Breaking Down Tether’s Reserves 💵
The founder disclosed that Tether’s reserves are a diversified blend of cash, cash equivalents, Treasury bills, commercial paper, and other assets. Notably, a substantial share is held in short-term U.S. Treasury bills, which are considered one of the safest investments available due to their stability and liquidity. Here’s a more detailed look:
- Cash and Cash Equivalents: While a portion is held as cash, the term “cash equivalents” can include things like money market funds or highly liquid securities. These provide the flexibility needed for Tether to handle redemptions quickly.
- Short-Term Securities: U.S. Treasury bills form a large part of Tether’s reserves. These securities are among the safest financial instruments, providing stability while yielding a small return.
- Commercial Paper: Tether has gradually reduced its exposure to commercial paper after facing criticism that it wasn’t fully transparent about the companies issuing this debt. Now, the founder claims, Tether has shifted toward higher-quality investments with more liquidity and lower risk.
2. The Push for Transparency and Regular Audits 🔍
For years, Tether has faced calls for more transparency, with many questioning if USDT was truly fully backed. The founder addressed these concerns, saying Tether is committed to publishing regular, third-party audits. Tether recently partnered with a prominent auditing firm to provide more frequent attestations about its reserves. This move aims to reassure both investors and regulators, who are increasingly scrutinizing stablecoins.
The Road to Clearer Audits: While some believe the published reports still fall short of a full audit, Tether’s founder argues that regular attestations from third parties demonstrate a serious commitment to transparency. These steps may pave the way for Tether to meet global regulatory expectations, which are becoming more stringent as stablecoins grow.
3. Why Transparency on Reserves Matters to Crypto Investors 🌐
With $80 billion in circulation, Tether is a pillar of liquidity in the cryptocurrency market. If Tether ever faced a liquidity crisis, the ripple effects would likely destabilize the broader crypto ecosystem. The founder’s latest revelations underscore Tether’s ability to handle substantial withdrawals, citing past events where large amounts were redeemed without hiccups.
- Liquidity and Redemption: Tether’s founder emphasizes that the assets are chosen to maintain high liquidity, which ensures users can redeem their USDT for cash anytime, even during market stress.
- Market Confidence: Tether’s size makes it a target for scrutiny, and these disclosures are meant to rebuild confidence in its model. With the increased push for transparency, Tether hopes to encourage other stablecoins to follow suit, which could lead to higher standards across the industry.
4. Tether’s Role Amid Growing Regulatory Pressure 🏛️
The stablecoin market has exploded, drawing the attention of regulators worldwide. Tether’s founder openly acknowledged the company’s relationship with regulators, stating Tether is actively working with them to meet compliance standards. Stablecoins have become central to crypto trading and decentralized finance (DeFi), but regulators worry they could pose risks to traditional financial systems.
- Global Regulations on Stablecoins: Regulators in the U.S., EU, and Asia are focusing on establishing frameworks for stablecoin issuers, including clear disclosures on reserve holdings. The founder said Tether is committed to meeting these expectations to ensure continued global operation.
- Pioneering Stablecoin Regulations: By cooperating with regulators and providing transparency, Tether is not only safeguarding its future but also helping to shape how stablecoins are governed worldwide. This approach may influence future policies that define transparency and reserve requirements across the entire industry.
5. What’s Next for Tether and the Stablecoin Ecosystem? 🚀
The founder’s disclosures have set a new tone, one that could impact the entire stablecoin sector. With clear reserve transparency and stronger assurances to both investors and regulators, Tether might be positioning itself as a long-term, reliable player in the financial landscape.
- Rising Institutional Interest: With better transparency, Tether could see more adoption in traditional finance sectors, allowing banks and financial institutions to use USDT for settlement and cross-border payments.
- Path to Future Innovation: Tether has hinted at upcoming product expansions, possibly in areas like decentralized finance and cross-border transactions, as the stablecoin market diversifies and matures.
👇👇👇
$USDC
Final Thoughts: Stability for the Crypto Economy? 🔐
These insights from Tether’s founder reveal a company aware of its massive influence on the crypto market and committed to enhancing transparency. For crypto investors, this move could reinforce trust in Tether as a stable foundation. For the industry, it highlights a shift toward regulated, accountable stablecoins, which are increasingly essential as crypto eyes integration with traditional finance.
#TetherUnderInvestigation #USDollarWarning #CryptoPreUSElection #SuperMacho
Stablecoins Likely to Fail, Warns Deutsche Bank Analysts
According to Bloomberg, a recent study by Deutsche Bank analysts has raised concerns about the future of stablecoins. The study, which examined 334 currency pegs dating back to 1800, concluded that most stablecoins are likely to fail. Stablecoins, which aim to maintain a one-to-one value with fiat currencies like the dollar, are a significant part of crypto trading. They offer users a safe haven from the volatile price swings in the nascent market.
In a high-profile example of potential risks, the collapse of Terraform Lab’s algorithmic stablecoin TerraUSD and its sister token Luna led to a loss of at least $40 billion worth of crypto two years ago. These two coins were designed to depend on each other to maintain value. The analysts noted that the few successful pegged currencies that survived did so because they had credibility, were backed by reserves, and operated in tightly controlled systems. These are three elements that many major stablecoins lack.
The research team expressed particular concern about Tether due to its monopoly in the stablecoin market, which is rife with speculation and lack of transparency. Tether has been issuing quarterly attestations of its reserves following settlements with the CFTC and New York state. The researchers were not surprised by the 30% de-peg rate among some stablecoins, and noted that many more defunct stablecoins are difficult to account.
The researchers chose to study currency pegs due to their important parallels, despite being implemented for different reasons. They found that 49% of the fixed currencies in their database failed, with a median lifespan of 8-10 years for those that failed or were discontinued. The study concluded that macroeconomic factors are key to determining a peg's sustainability, and issues around governance and speculative forces could indicate when there's a possibility of de-pegging.
$USDC $FDUSD $TUSD #USDollarWarning #altcoins #MicroStrategy
According to Bloomberg, a recent study by Deutsche Bank analysts has raised concerns about the future of stablecoins. The study, which examined 334 currency pegs dating back to 1800, concluded that most stablecoins are likely to fail. Stablecoins, which aim to maintain a one-to-one value with fiat currencies like the dollar, are a significant part of crypto trading. They offer users a safe haven from the volatile price swings in the nascent market.
In a high-profile example of potential risks, the collapse of Terraform Lab’s algorithmic stablecoin TerraUSD and its sister token Luna led to a loss of at least $40 billion worth of crypto two years ago. These two coins were designed to depend on each other to maintain value. The analysts noted that the few successful pegged currencies that survived did so because they had credibility, were backed by reserves, and operated in tightly controlled systems. These are three elements that many major stablecoins lack.
The research team expressed particular concern about Tether due to its monopoly in the stablecoin market, which is rife with speculation and lack of transparency. Tether has been issuing quarterly attestations of its reserves following settlements with the CFTC and New York state. The researchers were not surprised by the 30% de-peg rate among some stablecoins, and noted that many more defunct stablecoins are difficult to account.
The researchers chose to study currency pegs due to their important parallels, despite being implemented for different reasons. They found that 49% of the fixed currencies in their database failed, with a median lifespan of 8-10 years for those that failed or were discontinued. The study concluded that macroeconomic factors are key to determining a peg's sustainability, and issues around governance and speculative forces could indicate when there's a possibility of de-pegging.
$USDC $FDUSD $TUSD #USDollarWarning #altcoins #MicroStrategy
🇷🇺 Russia's Moscow Stock Exchange officially halts trading in US Dollars and Euros.
#USDollarWarning #EURO2024 #StockMarketSuccess #TradingShot
#USDollarWarning #EURO2024 #StockMarketSuccess #TradingShot
I need 2$ usdt help me brother and sister
my binance I'd 417292779
#USDollarWarning #altcoins #BTC #bitcoinhalving $BNB
my binance I'd 417292779
#USDollarWarning #altcoins #BTC #bitcoinhalving $BNB
🔰 The #USD🔺 is the strongest and the #GBP🔻 is the weakest as the NA session begins.
#USDollarWarning
#GBPUSD
#BinanceLaunchpool
#NewYorkTimes
@Mr_Master
#USDollarWarning
#GBPUSD
#BinanceLaunchpool
#NewYorkTimes
@Mr_Master
🇺🇸 BREAKING NEWS: Saudi Arabia Steps Away from the US Dollar! 😱
In a surprising move that could transform global economic dynamics, Saudi Arabia has opted not to renew its 50-year-old "petro-dollar" agreement with the US. The Kingdom will now sell oil in various currencies, including the Chinese RMB, Euros, Yen, and Yuan, instead of exclusively in US dollars. #USDollarWarning
This marks a major shift in the historic Saudi-US relationship, as the "petro-dollar" system has been fundamental to the global oil trade since 1974. This change could undermine the dollar's dominance in international trade and finance, with the US currency having been the primary medium for oil transactions for decades.
The repercussions of this decision are extensive and could significantly impact the global economy and geopolitical landscape. With China's increasing influence in the Middle East and its push to internationalize the RMB, this could signal a strategic alignment between Saudi Arabia and China.
As the world observes this development, it remains to be seen how the US will react and what the long-term effects will be on the global financial system. One thing is clear: the world is evolving, and the US dollar's dominance in global trade is waning.
#Bitcoin #altcoins #BreakingCryptoNews
In a surprising move that could transform global economic dynamics, Saudi Arabia has opted not to renew its 50-year-old "petro-dollar" agreement with the US. The Kingdom will now sell oil in various currencies, including the Chinese RMB, Euros, Yen, and Yuan, instead of exclusively in US dollars. #USDollarWarning
This marks a major shift in the historic Saudi-US relationship, as the "petro-dollar" system has been fundamental to the global oil trade since 1974. This change could undermine the dollar's dominance in international trade and finance, with the US currency having been the primary medium for oil transactions for decades.
The repercussions of this decision are extensive and could significantly impact the global economy and geopolitical landscape. With China's increasing influence in the Middle East and its push to internationalize the RMB, this could signal a strategic alignment between Saudi Arabia and China.
As the world observes this development, it remains to be seen how the US will react and what the long-term effects will be on the global financial system. One thing is clear: the world is evolving, and the US dollar's dominance in global trade is waning.
#Bitcoin #altcoins #BreakingCryptoNews
🙏Congratulations ❤️🚗
The mone'y has arrive'd to build a house for you🏠🏡 👉 fallow like share
#ETFvsBTC
#foryou
#USDollarWarning
#worldwideanalysis
The mone'y has arrive'd to build a house for you🏠🏡 👉 fallow like share
#ETFvsBTC
#foryou
#USDollarWarning
#worldwideanalysis
Bitcoin (BTC) is back at $64,000, but the US Dollar (DXY) continues to rise.
Bitcoin (BTC) and the US Dollar (DXY)
The current price of Bitcoin is $64,237.48 per BTC.
The total market cap of Bitcoin has reached $1,266,809,053,218.61.
The amount of Bitcoin traded has fallen by $6,558,893,657.36 in the last 24 hours, which is a 51.93% decrease.
Since last month, the exchange rate of Bitcoin has decreased by 8.07%.
Since last year, the price of Bitcoin has increased by +114.91%.
The US dollar has been increasing since July 2023.
The interest rate reached 5% in the shortest amount of time in US economic history.
The Federal Reserve has stated that it will maintain the interest rate to combat inflation.
Bitcoin is unlikely to break out due to the current environment.
The global liquidity cycle is increasing.
The effect of a strong dollar on Bitcoin is a decrease in asset prices.
Bitcoin has increased thousands of times more than the DXY since 2008.
Bitcoin has a supply of 21 million, whereas the US dollar has no backing and is being printed at a rate of $1 trillion every 100 days.
The wealth of US citizens is decreasing by 12% per year due to inflation and currency debasement.
Follow me for new information like and share
#ETHETFsApproved #bitcoin☀️ #MicroStrategy #USDollarWarning $BTC
The current price of Bitcoin is $64,237.48 per BTC.
The total market cap of Bitcoin has reached $1,266,809,053,218.61.
The amount of Bitcoin traded has fallen by $6,558,893,657.36 in the last 24 hours, which is a 51.93% decrease.
Since last month, the exchange rate of Bitcoin has decreased by 8.07%.
Since last year, the price of Bitcoin has increased by +114.91%.
The US dollar has been increasing since July 2023.
The interest rate reached 5% in the shortest amount of time in US economic history.
The Federal Reserve has stated that it will maintain the interest rate to combat inflation.
Bitcoin is unlikely to break out due to the current environment.
The global liquidity cycle is increasing.
The effect of a strong dollar on Bitcoin is a decrease in asset prices.
Bitcoin has increased thousands of times more than the DXY since 2008.
Bitcoin has a supply of 21 million, whereas the US dollar has no backing and is being printed at a rate of $1 trillion every 100 days.
The wealth of US citizens is decreasing by 12% per year due to inflation and currency debasement.
Follow me for new information like and share
#ETHETFsApproved #bitcoin☀️ #MicroStrategy #USDollarWarning $BTC
Breaking: Invesco Galaxy Reveals Fee For Spot Ethereum ETF In S-1 Amendment 🚨📌
Significant details in its amended S-1 filing for a Spot Ethereum ETF. This marks a crucial step in the competitive landscape of crypto exchange-traded funds. The latest move comes amidst a flurry of filings by other major players in the industry, including BlackRock, Bitwise, Fidelity, VanEck, Grayscale, 21Shares, and Franklin Templeton, who have all submitted their amendments to the United States Securities and Exchange Commission (SEC).
Invesco Galaxy Reveals Sponsor Fee For Spot Ethereum ETF
Despite missing the initial July 8 deadline, Invesco Galaxy submitted its amendment on the morning of July 9, as anticipated by industry watchers. The S-1 filing outlines the financial structure of the ETF. Moreover, it emphasized a unified sponsor fee of 0.25% per annum for its QETH Ethereum ETF.
According to the S-1 amendment, “The Trust will pay the Sponsor a unified fee of 0.25% per annum (the ‘Sponsor Fee’) as compensation for services performed under .” Hence, this fee will be accrued daily and paid monthly in arrears in U.S. dollars. The administrator will calculate the fee based on the Trust’s total net assets.
Moreover, to manage the expenses, the sponsor or its delegate will instruct the execution agent to convert Ethereum held by the Trust into U.S. dollars. The filing clarifies, “The Trust is not responsible for paying any costs associated with the transfer of ether to or from the Trust in connection with paying the Sponsor Fee or in connection with creation and redemption transactions.”
Invesco Galaxy’s filing also details the scope of ordinary expenses covered by the Sponsor’s fee. These include trustee fees, fees for The Bank of New York Mellon (acting as the Administrator, Transfer Agent, and Cash Custodian), Ethereum Custodian fees, Execution Agent fees, exchange listing fees, SEC registration fees, and costs associated with printing, mailing, legal services, and audits.
#USDollarWarning #ETFvsBTC #ETH_ETFs_Approval_Predictions
Significant details in its amended S-1 filing for a Spot Ethereum ETF. This marks a crucial step in the competitive landscape of crypto exchange-traded funds. The latest move comes amidst a flurry of filings by other major players in the industry, including BlackRock, Bitwise, Fidelity, VanEck, Grayscale, 21Shares, and Franklin Templeton, who have all submitted their amendments to the United States Securities and Exchange Commission (SEC).
Invesco Galaxy Reveals Sponsor Fee For Spot Ethereum ETF
Despite missing the initial July 8 deadline, Invesco Galaxy submitted its amendment on the morning of July 9, as anticipated by industry watchers. The S-1 filing outlines the financial structure of the ETF. Moreover, it emphasized a unified sponsor fee of 0.25% per annum for its QETH Ethereum ETF.
According to the S-1 amendment, “The Trust will pay the Sponsor a unified fee of 0.25% per annum (the ‘Sponsor Fee’) as compensation for services performed under .” Hence, this fee will be accrued daily and paid monthly in arrears in U.S. dollars. The administrator will calculate the fee based on the Trust’s total net assets.
Moreover, to manage the expenses, the sponsor or its delegate will instruct the execution agent to convert Ethereum held by the Trust into U.S. dollars. The filing clarifies, “The Trust is not responsible for paying any costs associated with the transfer of ether to or from the Trust in connection with paying the Sponsor Fee or in connection with creation and redemption transactions.”
Invesco Galaxy’s filing also details the scope of ordinary expenses covered by the Sponsor’s fee. These include trustee fees, fees for The Bank of New York Mellon (acting as the Administrator, Transfer Agent, and Cash Custodian), Ethereum Custodian fees, Execution Agent fees, exchange listing fees, SEC registration fees, and costs associated with printing, mailing, legal services, and audits.
#USDollarWarning #ETFvsBTC #ETH_ETFs_Approval_Predictions
BE CAREFUL 🛑
Short fall in price of $BTC and other coins !
Released Now:
💎 Leading U.S. Index
▪️ Previous: -0.5%
▪️ Estimate: -0.3%
▫️ Current: -0.2%
🪙 Result:
🔵Positive for the U.S. dollar
📉Negative for $BTC #BinanceTurns7 #bitcoin☀️ #BinanceSquareFamily #USDollarWarning
Short fall in price of $BTC and other coins !
Released Now:
💎 Leading U.S. Index
▪️ Previous: -0.5%
▪️ Estimate: -0.3%
▫️ Current: -0.2%
🪙 Result:
🔵Positive for the U.S. dollar
📉Negative for $BTC #BinanceTurns7 #bitcoin☀️ #BinanceSquareFamily #USDollarWarning
🛑🛑🛑 BRAKING NEWS ALERT EVERYONE ⛔⛔⛔
🚨 🚨 U.S. House Passes Crypto Illicit Finance Bill, Faces Uncertain Senate Future
In a routine vote, the U.S. House of Representatives has passed a narrow bill aimed at creating a working group to investigate the use of cryptocurrencies in terrorism and money laundering. While this legislation, sponsored by Rep. Zach Nunn (R-Iowa), marks another step in congressional approval of crypto measures, its prospects in the Senate appear slim without a corresponding bill.
The bill proposes a temporary working group under the Treasury Department to examine the misuse of digital assets and provide recommendations. This group would include industry experts, including members from blockchain intelligence companies. Rep. Nunn emphasized the bill's importance for national security and the protection of digital assets, highlighting its role in ensuring the future of financial and internet technology is developed in the U.S.
Despite bipartisan progress in the House, such as the Financial Innovation and Technology for the 21st Century Act (FIT21), the Senate has not matched this enthusiasm. Analysts, like Jaret Seiberg from TD Cowen, view the bill as a political maneuver to address demands for stricter money laundering controls and to offer crypto advocates a defense against accusations of facilitating criminal activity.
As the 2024 presidential race heats up, cryptocurrency remains a significant political issue. On Monday, industry representatives urged Vice President Kamala Harris to adopt a positive stance on digital assets and blockchain technology. They called for her to include pro-innovation policies in the Democratic platform and to select a running mate experienced with digital asset technology. This plea reflects a broader industry push for a more crypto-friendly approach from potential Democratic leadership.
#Bitcoin_Coneference_2024 #BinanceTurns7 #USDollarWarning #BullBanter #SOFR_Spike
🚨 🚨 U.S. House Passes Crypto Illicit Finance Bill, Faces Uncertain Senate Future
In a routine vote, the U.S. House of Representatives has passed a narrow bill aimed at creating a working group to investigate the use of cryptocurrencies in terrorism and money laundering. While this legislation, sponsored by Rep. Zach Nunn (R-Iowa), marks another step in congressional approval of crypto measures, its prospects in the Senate appear slim without a corresponding bill.
The bill proposes a temporary working group under the Treasury Department to examine the misuse of digital assets and provide recommendations. This group would include industry experts, including members from blockchain intelligence companies. Rep. Nunn emphasized the bill's importance for national security and the protection of digital assets, highlighting its role in ensuring the future of financial and internet technology is developed in the U.S.
Despite bipartisan progress in the House, such as the Financial Innovation and Technology for the 21st Century Act (FIT21), the Senate has not matched this enthusiasm. Analysts, like Jaret Seiberg from TD Cowen, view the bill as a political maneuver to address demands for stricter money laundering controls and to offer crypto advocates a defense against accusations of facilitating criminal activity.
As the 2024 presidential race heats up, cryptocurrency remains a significant political issue. On Monday, industry representatives urged Vice President Kamala Harris to adopt a positive stance on digital assets and blockchain technology. They called for her to include pro-innovation policies in the Democratic platform and to select a running mate experienced with digital asset technology. This plea reflects a broader industry push for a more crypto-friendly approach from potential Democratic leadership.
#Bitcoin_Coneference_2024 #BinanceTurns7 #USDollarWarning #BullBanter #SOFR_Spike
From a $10 investment to a $6 billion Bitcoin fortune lost in a cyber attack
In 2010, Wei Zhang, a Chinese investor, bought thousands of Bitcoins for just $10 when they were worth less than a penny each. As Bitcoin's value soared, his tiny investment grew into a multi-billion-dollar fortune. By 2017, Wei owned 99,000 BTC, making him incredibly wealthy.
But in early 2018, disaster struck. Hackers launched a sophisticated phishing attack on CryptoLeap, the crypto margin exchange Wei had founded in 2014. They stole his entire Bitcoin stash, valued at a staggering $6 billion. This catastrophic loss led to the downfall of CryptoLeap and forced Wei to resign.
Today, Wei would have been one of the world's few thousand billionaires. Despite losing everything, he turned his focus to cybersecurity, using his experience to mentor others and advocate for stronger protections in the crypto industry. His painful lessons now help safeguard future investors from similar fates.
#BNBHODLer #Megadrop #USDollarWarning #BTC☀ #Write2Earn! earn
In 2010, Wei Zhang, a Chinese investor, bought thousands of Bitcoins for just $10 when they were worth less than a penny each. As Bitcoin's value soared, his tiny investment grew into a multi-billion-dollar fortune. By 2017, Wei owned 99,000 BTC, making him incredibly wealthy.
But in early 2018, disaster struck. Hackers launched a sophisticated phishing attack on CryptoLeap, the crypto margin exchange Wei had founded in 2014. They stole his entire Bitcoin stash, valued at a staggering $6 billion. This catastrophic loss led to the downfall of CryptoLeap and forced Wei to resign.
Today, Wei would have been one of the world's few thousand billionaires. Despite losing everything, he turned his focus to cybersecurity, using his experience to mentor others and advocate for stronger protections in the crypto industry. His painful lessons now help safeguard future investors from similar fates.
#BNBHODLer #Megadrop #USDollarWarning #BTC☀ #Write2Earn! earn
Dollar is giving bearish retest !!!
#Bitcoin_Coneference_2024
#US_Job_Market_Slowdown #USDollarWarning
#Bitcoin_Coneference_2024
#US_Job_Market_Slowdown #USDollarWarning
🚨 It is expected that violent fluctuations will occur that we have not seen before in the markets. Please adhere fully to capital management and do not take risks.
#GOLD_UPDATE #Goldenopertunity #USDollarWarning #USDTfree #NewsAboutCrypto
#GOLD_UPDATE #Goldenopertunity #USDollarWarning #USDTfree #NewsAboutCrypto