In the current phase, the cryptocurrency market is experiencing extremely strong and unpredictable fluctuations. According to estimates, just yesterday, the total amount of liquidations exceeded 10 billion dollars, and could even reach 20 billion dollars, a figure larger than major events such as the collapse of FTX or the crisis caused by Covid-19 in 2019. This shows that the number of new participants in this market is very large. However, most of them are focused on buying and placing long orders on Altcoins, demonstrating a more reckless, greedy, and aggressive attitude compared to previous players. This makes the market extremely unpredictable and dangerous.
In this context, market makers (MM) are facing greater pressure than ever. They are forced to use all tricks, even more overt actions than before, to control the market. Nevertheless, this could also be the season that brings the highest revenues in history for bookmakers. However, the cyclical nature of the market still needs to be maintained, and if bookmakers succeed in "shaking off the positions," the market could explode much more strongly than in previous phases.
However, with the current developments, the market is becoming harsher and more fierce than ever. If bookmakers cannot control the situation and give up, the risk of a bubble burst is very high, and this could be legitimized by some event in the future. Therefore, at this moment, everyone needs to be extremely cautious, especially those who are psychologically weak.
A whale previously made $11.8 million in profits from the Memecoin TRUMP. However, the whale then spent an additional $33.9 million to purchase 766,083 TRUMP at $44.25, so currently, they are carrying a loss of $21 million. The whale has lost all profits and is down an additional over $9 million. $TRUMP $SOL
Everyone always thinks this year will be an uptrend, but personally, I’m sure it won’t be. The market only trends upward when people’s confidence is strong enough. Right now, it’s still just a game of market makers manipulating prices! Stay calm and wait a little longer.
Trump’s administration plans to create the first Senate crypto subcommittee, chaired by pro-crypto Senator Cynthia Lummis, to shape industry regulations. The U.S. Senate Banking Committee, led by Senator Tim Scott, is preparing to create the first-ever subcommittee dedicated to cryptocurrency. This unit will be modeled on the House Financial Services Committee led by Patrick McHenry in 2023. Reports indicate that Republican Senator Cynthia Lummis of Wyoming will chair the new subcommittee, with members to be chosen through a committee vote soon. This move is seen as a significant step forward for U.S. crypto regulations, aligning with the Trump administration’s pro-crypto stance. With the inauguration just two weeks away, Trump’s team is expected to advance several crypto-friendly regulatory initiatives. The subcommittee aims to establish clear and consistent rules for the crypto industry, focusing on consumer protection and fostering innovation. Senator Lummis is widely regarded as an excellent choice for this role, given her deep understanding of the crypto sector and pragmatic approach.Sheila Warren, CEO of the Crypto Council for Innovation, praised Lummis, saying her leadership could deliver effective regulations that balance innovation with accountability. The initiative is also expected to address economic opportunities and financial inclusion while ensuring that regulations don’t hinder technological advancements. Senator Scott has highlighted crypto’s potential to democratize finance, showing his ongoing support for the industry. Meanwhile, crypto companies are aligning with the incoming administration. High-profile figures and firms have contributed to Trump’s inaugural fund, with Circle donating $1 million in USDC and Ripple giving $5 million. Other donors include Kraken, Robinhood, and Ondo Finance. These contributions underline the growing influence of the crypto sector in shaping policy discussions.
Looking at this feeling, it's easy for btc to go up to 77.78k tomorrow morning!!! Taking advantage of the Trump event, the fish pumped money in hard. Waiting for the little fish to come in, the whales ran away... another big crash. Then everyone flocked to memes to play. A new cycle... According to you guys, will it drop or increase sharply tomorrow? #Trump #BTC☀
Trump's niece posts a photo celebrating the Trump family after the election!!! But how the hell is Elon Musk there!!! We're family haha #Trump #elon_musk
Musk's support for Trump has not been in vain. Here are some scenarios for his buddy Musk 1. Policy promoting privatization of space: In his first term, Trump pushed for the privatization of space activities and supported private companies like SpaceX by restarting the National Space Council. If he continues this trend, there may be more opportunities for SpaceX to participate in space-related projects, including NASA and Department of Defense missions. 2. Increase in defense and space budget: Trump has supported increasing the budget for defense and the development of the Space Force. This could bring additional contracts and development opportunities for SpaceX, particularly in the field of military satellite launches and defense-related space technologies. 3. Reducing business regulations: Trump has pursued policies to reduce regulations and administrative procedures for businesses in many sectors, including technology and space. This could help SpaceX operate more efficiently and easily undertake large projects. 4. Support for space infrastructure development projects: If Trump continues to support infrastructure projects, such as the program to return Americans to the Moon or explore Mars, SpaceX could be a key partner in these projects.
By the way, the prediction this month is BTC reaching 80k (just for fun) hahaha
The final turn of the car... the tycoon suppresses Trump for Harris to rise haha "Just kidding"
Currently, the coin market is experiencing strong fluctuations, largely influenced by investor sentiment regarding the US presidential election. These developments may impact economic and financial policies in the future, especially in the cryptocurrency sector.
The election situation between Trump and Harris:
The race is very intense, with Trump receiving widespread support from rural states and industrial areas, while Harris is favored in major cities and diverse communities. If Trump wins, this could bring a more positive outlook for Bitcoin and the cryptocurrency market. With a stance in favor of financial freedom and reducing regulations, Trump is expected to create conditions for digital currency to develop strongly.
What about you, do you hope Trump or Harris will be elected? Please share your thoughts on the candidate who could bring the best benefits for the crypto market and the economy!
Images of hundreds of Iranian missiles intercepted by Israel on the night of October 1
According to CNN, on the night of October 1, Iran fired about 180 missiles of various types into Israeli territory in a move believed to be in response to the Israeli military's activities in the Lebanese border area against Hezbollah on October 1. Of which, the Israeli military claimed to have intercepted most, but some missiles still hit some areas in central and southern Israel.
➡️ ZKsync ($ZK) has faced a lot of criticism from the community about competing for the token name with Polyhedra, unclear airdrop, network with many Hack Cheats,... Will this be a comeback from this giant or will it continue to sink deep in the Marketcap chart?
🔥 Yi He (Binance co-founder), spoke out about the recent listing of a series of Memecoins.
She affirmed that Binance has no intention of orienting the market towards the MEME trend. And the market has the following main types of projects:
1/ Mini games on Telegram, where many people can earn tokens.
2/ Infrastructure projects, many coin issuance projects, all of which are coins with high market value (CV).
3/ Memecoin, which is currently attracting a lot of attention from the community. Community feedback said that meme projects are manipulated, so Binance is testing projects with lower m.cap ($NEIRO lists Binance when cap ~20M)
4/ Other types of projects are also being monitored by Binance.
Assassination continues!!! What is happening to Trump!
And what will happen when he is officially re-elected. A year of so many strange things. Will Trump go up to BTC to 100k???
“Trump Said: I'm so tired”
Republican presidential candidate Donald Trump is safe after what the FBI said appeared to be an assassination attempt on September 15 from outside Trump's golf course in West Palm Beach, Florida.
Law enforcement officials said at a press conference on the afternoon of September 15 that the gunman was in some bushes near the golf course boundary as Secret Service agents were clearing “holes” (security) to protect Trump and they discovered a rifle barrel in the bushes.
Agents engaged the gunman and fired at least four bullets around 1:30 p.m. on September 15. The gunman then dropped the rifle, two backpacks and other items and fled in a black Nissan.
The Palm Beach County Sheriff said a witness saw the gunman and took a photo of the car and its license plate.
Authorities then sent out an alert to agencies across the state with information about the car, and neighboring Martin County deputies stopped the car and arrested the suspect on I-95.
BINANCE SUPPORTS US$1 MILLION TO USERS IN FLOOD-SCARED AREAS IN VIETNAM
🔸Binance users only need to verify their address in 25 areas in the North - Affected by Typhoon Yagi to receive up to 50$ BNB. Specifically:
- Verify POA (address) before September 10: Receive 50$ BNB immediately into your account
- Have an account registered before September 10 and verify POA from September 10-30: Receive 20$ immediately into your account
- Affected cities include: Ha Giang, Cao Bang, Bac Kan, Lang Son, Tuyen Quang, Thai Nguyen, Phu Tho, Bac Giang, Quang Ninh, Lao Cai, Lai Chau, Yen Bai, Dien Bien, Son La, Hoa Binh, Bac Ninh, Ha Nam, Hanoi, Hai Duong, Hai Phong, Hung Yen, Nam Dinh, Ninh Binh, Thai Binh, Vinh Phu
🔸The support amount will start to be transferred to users on September 16, 2024
Jerome Powell is the man who can make or break the crypto market right now. Everything depends on his next move, and the tension is real. Wall Street is abuzz with rumors that US wage growth could be revised down by as much as 600,000 jobs. QCP points out that this kind of revision would be a big deal because it would show that the US job market is not as strong as people think. The real question is whether the Federal Reserve is behind the curve. They have been holding off on cutting rates because the economy looks strong and the job market is booming. But if those numbers are wrong, things could change. Powell is expected to address this at the annual Jackson Hole event, but don't hold your breath for a clear answer. The Fed’s next meeting in September is still a month away, so he’s unlikely to say much. However, a major downward revision in the jobs numbers, or if Powell comes off as too dovish, could kill the current two-week rally in stocks and drag Bitcoin (BTC) and Ethereum (ETH) below their support levels. Even without a revision, the Fed looks like it will cut rates in September. Currently, the market is pricing in 3.7 cuts by 2024 and 4.5 cuts by 2025. But how the crypto market reacts will be the million-dollar question.