Changpeng Zhao, the founder of crypto exchange #binance , is scheduled to be released from prison on September 29, 2024. After serving a four-month sentence at a federal correctional facility in Lompoc, California, Zhao will return to civilian life.
"Have you ever heard the term 'get rich quick'? With memecoin, that dream can become a reality. Imagine, from a funny meme on the internet, this digital coin can make its price skyrocket in a short time. But, remember, this is not online gambling! Memecoin has great potential, but also risks that are no less great. Come on, let's dissect the world of memecoin that is currently trending." Why Did Memecoin Go So Viral? Community: Memecoin has a super solid community. They support each other and create hype together. Basically, when you become part of the memecoin community, it feels like having a new family.
This week is a big one for central banks around the world
As there is a 61% chance that the FED will cut rates by 50bps on Wednesday, September 18.
âWeâre probably going to get to 25, but [would] love to see 50,â David Volpe, deputy chief investment officer at Emerald Asset Management, told CNBCâs âSquawk Box Europeâ on Friday.
âAnd the reason you do 50 next week is as a safety mechanism. You have seven weeks between next week and the ⊠November meeting, and a lot of things can go wrong,â Volpe said.
âSo, itâs more of a method of trying to get ahead of the curve. The Fed got caught out a little bit, so we think it would be better for them to get ahead of it, do 50 now, and then make a decision in November and December. Maybe they do 25 by then,â he added.
So, Bitcoin is going up and down. Although it has dropped a bit, there is a possibility that it will go up again to the $63K level. Why? Because there are several things that support it:
- Bitcoin Halving Effect: The average Bitcoin bull cycle starts 170 days after the halving and peaks 480 days after the halving. Bitcoin's bull run has not started yet. We are 147 days after the $BTC BTC Halving.
- Chance of Interest Rates Dropping: There is a possibility that the US central bank will lower interest rates, which could make Bitcoin go up.
So, even though it is a bit shaky now, Bitcoin still has the potential to go higher.
Bro, have you heard about Solana? This crypto is currently very hyped and many say that it will beat Ethereum. Well, these 2 blockchain giants that are competing in power can be likened to a war. The cold war in the cryptocurrency world, two big camps Solana and Ethereum, are competing for dominance. Each has advantages and disadvantages that make them attractive to investors and developers. Let's dig deeper into this fierce battle. Ethereum: An Irreplaceable Pioneer