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OX Token Soars 50% After Listing on HTX đ
The decentralized exchange OXFUN's platform token, #OX , was listed on HTX on September 4th.
According to market data, OX has surged by about 50% in the past three days. #OXFUN recently launched a grid profit strategy, generating returns through grid strategies on BTC, ETH, and SOL.
The data shows that both the amount of OX burned as transaction fees and the open #interest in OXFUN contracts have reached all-time highs.
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#Binance
#crypto2024
The decentralized exchange OXFUN's platform token, #OX , was listed on HTX on September 4th.
According to market data, OX has surged by about 50% in the past three days. #OXFUN recently launched a grid profit strategy, generating returns through grid strategies on BTC, ETH, and SOL.
The data shows that both the amount of OX burned as transaction fees and the open #interest in OXFUN contracts have reached all-time highs.
If you enjoy my content, feel free to tip me â€ïž
#Binance
#crypto2024
đșđžđŁ Powell:
- interest rates are âlikely to be higherâ than previously expected;
- The Fed will accelerate the increase rates if the data will come strong;
- policy easing is not yet desirable
#BTC #powell #inflation #interest #buildtogether
- interest rates are âlikely to be higherâ than previously expected;
- The Fed will accelerate the increase rates if the data will come strong;
- policy easing is not yet desirable
#BTC #powell #inflation #interest #buildtogether
#ECB needs to keep raising #interest #rates amid #inflation , Austriaâs central #bank chief says.
https://news.bitcoin.com/europeans-to-see-more-interest-rate-hikes-central-bank-governors-indicate/
https://news.bitcoin.com/europeans-to-see-more-interest-rate-hikes-central-bank-governors-indicate/
#Fed Minutes:
Fed executives predict a mild recession after 2023.
Members lowered their target ranges for #interest rates in the wake of the banking crisis.
#us #usa #crypto2023
Fed executives predict a mild recession after 2023.
Members lowered their target ranges for #interest rates in the wake of the banking crisis.
#us #usa #crypto2023
US Inflation Rate Falls Below Expectations in June, Markets React!
According to the June measurement of the Consumer Price Index (CPI), the inflation rate in the US declined from 4.0% in May to 3.0%, falling below expectations. However, this decline did not impact the price of Bitcoin, but it led to market movements in traditional markets. Additionally, core CPI, which excludes volatile food and energy costs, also experienced a decrease.
Inflation Data:
In June, the CPI increased from 0.1% to 0.2% on a monthly basis compared to May. However, the expectations were at 0.3%, indicating that it fell below expectations. On the other hand, the core CPI, when excluding volatile food and energy costs, showed a decrease from the previous 5.3% to 4.8%, indicating a decline in inflation. On a monthly basis, the core CPI declined from 0.4% to 0.2%, falling below expectations.
Federal Reserve and Markets:
The decrease in inflation is considered an important indicator for Federal Reserve policymakers. However, the markets and the Federal Reserve maintain expectations of an interest rate hike in the Federal Open Market Committee (FOMC) meeting scheduled for July. The CME's FedWatch tool indicates a 91.1% probability of an interest rate increase during the FOMC meeting on July 25-26.
Bitcoin and Markets:
Bitcoin showed almost no reaction to the inflation news. However, there were market movements in traditional markets. The US 10-year Treasury yield declined by 6 basis points to 3.91%, while the 2-year yield also decreased by 14 basis points to 4.73%. The dollar index fell by 0.5%, while stock index futures showed an increase of nearly 1% at the opening. $BTC #CPIData
In Summary:
The June measurement of the CPI revealed that the US inflation rate was lower than expected. The decline in the core CPI can be considered a positive sign for Federal Reserve policymakers. However, markets still anticipate an interest rate increase in the FOMC meeting scheduled for July. The price of Bitcoin remained stable, unaffected by the inflation data. #USA #UnitedStates #interest #federal
Inflation Data:
In June, the CPI increased from 0.1% to 0.2% on a monthly basis compared to May. However, the expectations were at 0.3%, indicating that it fell below expectations. On the other hand, the core CPI, when excluding volatile food and energy costs, showed a decrease from the previous 5.3% to 4.8%, indicating a decline in inflation. On a monthly basis, the core CPI declined from 0.4% to 0.2%, falling below expectations.
Federal Reserve and Markets:
The decrease in inflation is considered an important indicator for Federal Reserve policymakers. However, the markets and the Federal Reserve maintain expectations of an interest rate hike in the Federal Open Market Committee (FOMC) meeting scheduled for July. The CME's FedWatch tool indicates a 91.1% probability of an interest rate increase during the FOMC meeting on July 25-26.
Bitcoin and Markets:
Bitcoin showed almost no reaction to the inflation news. However, there were market movements in traditional markets. The US 10-year Treasury yield declined by 6 basis points to 3.91%, while the 2-year yield also decreased by 14 basis points to 4.73%. The dollar index fell by 0.5%, while stock index futures showed an increase of nearly 1% at the opening. $BTC #CPIData
In Summary:
The June measurement of the CPI revealed that the US inflation rate was lower than expected. The decline in the core CPI can be considered a positive sign for Federal Reserve policymakers. However, markets still anticipate an interest rate increase in the FOMC meeting scheduled for July. The price of Bitcoin remained stable, unaffected by the inflation data. #USA #UnitedStates #interest #federal
Crypto investorsâ demand for tokenized versions of U.S. Treasury bonds is soaring as rising yields in traditional financial markets attract.
The combined market capitalization of tokenized money market funds nears $500 million, and has quadrupled in size this year, according to data compiled by CoinDesk.
Money market funds are traditional investment products that hold short-term government securities and offer a relatively safe way to earn a yield. Investors have been flocking to these funds for their perceived safety from failing banks and their 4-5% interest rate offering compared to bank deposits.
#crypto #tokenization #yieldfarming #government #interest
The combined market capitalization of tokenized money market funds nears $500 million, and has quadrupled in size this year, according to data compiled by CoinDesk.
Money market funds are traditional investment products that hold short-term government securities and offer a relatively safe way to earn a yield. Investors have been flocking to these funds for their perceived safety from failing banks and their 4-5% interest rate offering compared to bank deposits.
#crypto #tokenization #yieldfarming #government #interest
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Is Fed Rate Decision Market Manipulation? How will BTC and Altcoins be affected by this?
Bitcoin, which made a journey towards 56K yesterday, rose to around 57-58K towards the Fed interest rate decision. The interest rate decision was left constant as it was known before. However, Powell stated in his speech that the inflation rate is still not as expected and that they cannot cut interest rates yet. (He underlined how incompetent he was) Of course, it is worth noting that, let me tell you in advance that these statements are about the US side manipulating things, as always. They should have made at least 1 interest rate cut by now. They were late by inflating mortgage loans before, and the world economy paid dearly for this. In my opinion, they are late again and they will make the world pay the price. This will actually bring a very good result for medium-term cryptocurrency investors like us. A bull season that will start in September at the latest will be much better than the previous one and we will achieve our goal. I think the patient investor will take his place among the new crypto millionairesâŠ
$BTC
#interest
It seems this time is truly different, with interest rates being raised by a staggering 2000% in less than a year. This surpasses by far anything witnessed in history, including the era of Paul Volcker in the seventies and eighties.
đ
#interest
It seems this time is truly different, with interest rates being raised by a staggering 2000% in less than a year. This surpasses by far anything witnessed in history, including the era of Paul Volcker in the seventies and eighties.
đ
August's #CEX trading data:
đ #Spot trading volume fell 7.78% to $475B - lowest since March 2019.
đ #Derivatives saw a 12% drop to $1.62T - the biggest fall this year.
đ Open #interest declined by $4.13B
đ #Binance s spot market share fell to 38.5%, its lowest in a year.
đ #Spot trading volume fell 7.78% to $475B - lowest since March 2019.
đ #Derivatives saw a 12% drop to $1.62T - the biggest fall this year.
đ Open #interest declined by $4.13B
đ #Binance s spot market share fell to 38.5%, its lowest in a year.
U.S. Government Transfers 300 ETH đ±
The U.S. government transferred 300 Ether (approx. $699,000) from a seized funds wallet to another address on Aug. 5, according to #Arkham Intelligence.
This transfer occurred during a #decline in Ethereum's price, following the underwhelming performance of Ethereum exchange-traded funds (ETFs) and a broader financial market downturn.
The Bank of Japan's #interest rate hike exacerbated the selling pressure, leading to significant Ethereum sell-offs. CoinShares reported $146 million in outflows from Ethereum investment funds for the week, with a total of $430 million in outflows since the ETF launch.
#Binance
#crypto2024
The U.S. government transferred 300 Ether (approx. $699,000) from a seized funds wallet to another address on Aug. 5, according to #Arkham Intelligence.
This transfer occurred during a #decline in Ethereum's price, following the underwhelming performance of Ethereum exchange-traded funds (ETFs) and a broader financial market downturn.
The Bank of Japan's #interest rate hike exacerbated the selling pressure, leading to significant Ethereum sell-offs. CoinShares reported $146 million in outflows from Ethereum investment funds for the week, with a total of $430 million in outflows since the ETF launch.
#Binance
#crypto2024
- #Maker Protocol's revenues hit $165 million, a two-year high.
- Rising #interest #rates contribute significantly to the increase.
- #DeFi platform gains revenue from higher interest rates, benefiting the protocol.
- User demand for #loans on Maker boosts profits.
- Demonstrates growing interest in DeFi sector and potential for platform growth.
$MKR $BNB $LINK
- Rising #interest #rates contribute significantly to the increase.
- #DeFi platform gains revenue from higher interest rates, benefiting the protocol.
- User demand for #loans on Maker boosts profits.
- Demonstrates growing interest in DeFi sector and potential for platform growth.
$MKR $BNB $LINK
Can we trust Bitcoin's recent jump? đ±
Bitcoin's recent #surge to $38,000, a level unseen in 18 months, raises suspicions among traders.
Despite a 6.6% gain in November and a remarkable 30% rise in October, concerns arise about the uptick feeling unusual.
On-chain monitoring highlights the lack of strong #volume supporting the current levels, with support at $33,000 and resistance shifting to $42,000.
The price appreciation on declining volume raises red flags, emphasizing the need to monitor the situation.
Notably, whale selling towards $40,000 becomes a psychological key level. Concurrently, Bitcoin futures open #interest reaches a seven-month high at over $17 billion, indicating a potential shift in market dynamics, though caution is advised regarding historical patterns.
What do you think?
#Binance
#crypto2023
Bitcoin's recent #surge to $38,000, a level unseen in 18 months, raises suspicions among traders.
Despite a 6.6% gain in November and a remarkable 30% rise in October, concerns arise about the uptick feeling unusual.
On-chain monitoring highlights the lack of strong #volume supporting the current levels, with support at $33,000 and resistance shifting to $42,000.
The price appreciation on declining volume raises red flags, emphasizing the need to monitor the situation.
Notably, whale selling towards $40,000 becomes a psychological key level. Concurrently, Bitcoin futures open #interest reaches a seven-month high at over $17 billion, indicating a potential shift in market dynamics, though caution is advised regarding historical patterns.
What do you think?
#Binance
#crypto2023
