American News

🚨 ETH Supply Squeeze Alert 🚨

Since May, $ETH ETF demand has been outpacing new supply by 32x. 💥

Corporates, institutions, and funds are hoarding $ETH at unprecedented levels. 🔥

Bitcoin’s open interest has reached a new all-time high of $44.5 billion amid a price decline, signaling increased leverage and a higher risk of market volatility and liquidations 🔝

🛍 Taxes on airdrops: country experiences

🇺🇸 USA: Airdrops are taxed at a rate of up to 37% depending on the level of income. Capital gains tax is 0%, 15% or 20%, depending on tenure and income.

🇬🇧 UK: Income from airdrops is taxed at a rate of up to 45%. Capital gains tax can be 10% or 20%, depending on the level of income.

🇩🇪 Germany: Airdrop income is taxed at a rate of up to 45%. If tokens are held for more than a year, capital gains tax may not apply; otherwise, up to 25%.

🇫🇷 France: Airdrop income may be taxed at up to 45%. Capital gains tax for cryptocurrencies is 30%.

🇯🇵 Japan: Airdrops are subject to income tax of up to 55%. Capital gains tax can also go up to 55%, depending on income.

🇯🇵 Japan's Largest Banks Migrate from SWIFT to Blockchain

💥 The three largest banks in Japan - MUFG, SMBC, and Mizuho - will conduct testing of a cross-border stablecoin transfer platform.

🌐 The project, called Project Pax, involves blockchain companies Progmat, Datachain, and TOKI.

✔️ Initially, such transfers will be available to Japanese and international financial institutions, with commercialization planned for 2025.

✔️ Recently, Japan's Prime Minister referred to Web3 and blockchain as solutions to social problems, while local e-commerce giant DMM Group, in collaboration with Progmat, is working on creating a stablecoin that will become the primary currency for DMM and its partners. 💸

🇺🇸 U.S. presidential candidate Donald Trump announced his support for "future industries" such as crypto assets and artificial intelligence

He emphasized making America the global capital of cryptocurrencies and Bitcoin ❗️

Trump also promised to reduce regulatory pressure, create a sovereign wealth fund, and stabilize energy supplies to support innovative projects, particularly in AI 🤖

Optimism grows: BNB is almost ready to rally

BNB has been falling for the past 14 days, but has not lost critical support. Bullish investor sentiment is fueling a possible cryptocurrency rally

Let's break down what to expect from BNB in the near future and what levels to watch out for.

BNB owners are not discouraged

The Sharpe ratio, which tracks the risk/return ratio, is now at -10.72%. Negative values usually indicate high volatility and risk, but can also portend upside opportunities.

In the case of BNB, historically negative Sharpe Ratio values have often been followed by periods of growth. Thus, now may be a strategic time for investors who want to enter BNB positions.

The weighted sentiment index supports this assumption. The index signals that there is now a growing optimism among BNB holders that a recovery is imminent.

In parallel with optimism, buying pressure is also growing, which may support a potential rebound in BNB.

Which five DePIN tokens are the best to invest in this September, told in a special feature.

BNB outlook: great prospects

At the time of writing this analysis, BNB is trading at $501, having lost about 5% overnight. Historically, the price range between $520 and $497 has often been a consolidation zone before the rally. If the pattern works this time too, the cryptocurrency could see a recovery phase ahead.

The key resistance at $520 is the key, a break of which will open up growth opportunities to $550 and above. In case of further growth, the next most important resistances will be the levels from $575 to $619.

However, unsuccessful attempt of breakthrough will force BNB to stay in the current range. Such development of events can weaken investors' optimism and provoke further falling of the rate. The loss of support at $497 will be especially negative - a drawdown below this level will cancel the bullish thesis and entail even more significant losses.

The average bitcoin investor stays in profit

In mid-March of this year, the flagship cryptoasset reached the $73,800 mark, but from that moment a deep drawdown started. Against its background, the main digital coin lost more than 20%. At the current moment, bitcoin has steadily consolidated below the important psychological level of $60,000. But even taking into account this situation, the average investor still remains in the profitable zone.

This was reported by analysts of the Glassnode service. In their opinion, the majority of BTC investors are in a strong financial position. For the basis of analysis, representatives of the organization took the ratio between unrealized profits and losses. The specialists managed to find that the average profit is almost 6 times higher than the loss.

“On average, BTC investors incur relatively small unrealized losses compared to previous cycles. This suggests that the financial situation of traders is fairly stable,” Glassnode experts noted. Meanwhile, the global bullish trend has taken a pause. Now investors who hold coins in their portfolios for less than 155 days are experiencing the greatest difficulties in the face of price drawdowns.

It is this class of users who have been suffering the biggest losses since mid-March 2024. But, according to experts, these losses have not yet been realized. The fact is that short-term holders were able to accumulate a profit handicap. Consequently, they can afford to sit out the current drawdown.

As for the market situation, Glassnode did not rule out that in the near future the main digital coin will continue to lose in price. According to specialists, the quotes of the coin can leave not retest the $51,000 mark. Here there is a strong area of demand, behind which is hidden significant liquidity.

🌐 German government moves significant Bitcoin holdings to exchanges

The German government, which holds around 50,000 BTC🪙, has made several transfers to major cryptocurrency exchanges, including Coinbase.

These movements are part of ongoing management of their substantial Bitcoin reserves

👹 Witching Friday: Traders, Brace Yourselves!

Today isn't just any Friday, it's "Witching Friday"!

What is it?

Four times a year, on the third Friday of March, June, September, and December, the stock market experiences a "magical" event.

On this day, futures contracts and options on stock indexes and stocks expire simultaneously.

This can lead to:

- Significant increase in trading volume.
- Unusual price behavior of underlying assets.
- Sharp price swings, especially in the last hour of trading, known as the "Triple Witching Hour".

Why does this happen?

Investors use futures and options to hedge their positions or speculate on market movements.

When these contracts expire, investors must either close their positions or execute them.

This can lead to a sudden surge in demand and supply for stocks (and more), which in turn can cause price volatility.

If you're trading on "Witching Friday," it's important to be cautious and understand the risks ☝️

$BTC
Donald Trump Bitcoin News!

$2 million (30 bitcoin) has been donated to Donald Trump by Tyler & Cameron Winklevoss

They cited his pro-Bitcoin, pro-crypto, and pro-business stance saying that Trump will "put an end to the Biden Administration's war on crypto."

#Liquidations 🩸

🔴In the past 24 hours, 190,048 traders experienced liquidations, resulting in a total of $477.46 million in liquidations.

🔴The largest single liquidation order occurred on Binance, involving ETHUSDC and valued at $6.44 million.

⚠️ Please remember to invest responsibly and never invest more than you can afford to lose. Quick money schemes should be avoided, and high leverage does not guarantee increased profits.

$BTC JUST IN: MicroStrategy buys another 11,931 Bitcoin $786 million.