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🚨 $VET ALERT: Bullish Momentum Building! 🚀🔥
🔗 VeChain ($VET) is gaining traction, now trading at $0.06914, up +5.62% in the last 24 hours! With a recent high of $0.07140, the momentum is signaling a potential breakout.
💡 Key Levels to Watch:
Resistance: $0.08000 🚀 – A breakout here could push VET toward $0.08500+!
Support: $0.06202 🛡️ – Staying above this level is crucial to maintain the bullish trend and avoid a pullback.
📈 Rising volumes and steady buying interest suggest VET is prepping for its next big move. Watch these levels for potential volatility!
#VeChain #CryptoSignals #BinanceTrading #Share1BNBDaily #Write2Earn
🔗 VeChain ($VET) is gaining traction, now trading at $0.06914, up +5.62% in the last 24 hours! With a recent high of $0.07140, the momentum is signaling a potential breakout.
💡 Key Levels to Watch:
Resistance: $0.08000 🚀 – A breakout here could push VET toward $0.08500+!
Support: $0.06202 🛡️ – Staying above this level is crucial to maintain the bullish trend and avoid a pullback.
📈 Rising volumes and steady buying interest suggest VET is prepping for its next big move. Watch these levels for potential volatility!
#VeChain #CryptoSignals #BinanceTrading #Share1BNBDaily #Write2Earn
🚀 Solana's Market Cap Nears $100B Milestone 🌐
📈 According to BlockBeats, Bitwise CEO Hunter Horsley shared on X that Solana's market cap is about to break past the $100 billion mark, currently standing at $97 billion. 💸 This achievement is huge, as only three other cryptocurrencies (excluding USDT) have reached this level, marking a major milestone in the crypto world!
#BIOProtocol #FedRateStrategy #MicrosoftBitcoinRejection #SOLFutureRise #Trump47thPresident
📈 According to BlockBeats, Bitwise CEO Hunter Horsley shared on X that Solana's market cap is about to break past the $100 billion mark, currently standing at $97 billion. 💸 This achievement is huge, as only three other cryptocurrencies (excluding USDT) have reached this level, marking a major milestone in the crypto world!
#BIOProtocol #FedRateStrategy #MicrosoftBitcoinRejection #SOLFutureRise #Trump47thPresident
🚨 Bitcoin Developer Faces Harassment After False Satoshi Claims 🚨
According to ShibDaily, Bitcoin core developer Peter Todd has been harassed after being falsely identified as Satoshi Nakamoto in an HBO documentary released on October 8. 🕵️♂️ Despite Todd's immediate denial, the documentary portrayed him as the prime suspect behind Bitcoin's pseudonymous creator.
In a recent interview with Wired, Todd shared that the misidentification led to a flood of messages, including many asking for financial help. He described how one person sent him 25 emails over just two days, begging for a loan. 💸
🔒 Concerned for his safety, Todd explained that he’s had to take precautions, similar to those Satoshi Nakamoto might have taken to remain anonymous. Despite attempts to clarify his role as a contributor to Bitcoin's security and scalability, Todd continues to draw unwanted attention. He emphasized that while he has helped improve Bitcoin, his work has been about refining the system, not creating it. 🛠️
Todd argued that the search for Satoshi Nakamoto is unnecessary. He noted that Bitcoin thrives because it’s decentralized and merit-based, allowing ideas to flourish through consensus rather than following a single leader. He added that even the false label of being Nakamoto has put him at serious personal risk, warning that if Nakamoto's identity were actually revealed, the impact would be even more severe. 📉
Todd also suggested the HBO filmmaker likely used the Nakamoto claim to attract viewers, saying, “He needed a way to get attention for his film.” 🎬
#NovemberMarketAnalysis #DogeArmyComeBack #Trump47thPresident #TetherAEDLaunch #PensionCryptoShift
According to ShibDaily, Bitcoin core developer Peter Todd has been harassed after being falsely identified as Satoshi Nakamoto in an HBO documentary released on October 8. 🕵️♂️ Despite Todd's immediate denial, the documentary portrayed him as the prime suspect behind Bitcoin's pseudonymous creator.
In a recent interview with Wired, Todd shared that the misidentification led to a flood of messages, including many asking for financial help. He described how one person sent him 25 emails over just two days, begging for a loan. 💸
🔒 Concerned for his safety, Todd explained that he’s had to take precautions, similar to those Satoshi Nakamoto might have taken to remain anonymous. Despite attempts to clarify his role as a contributor to Bitcoin's security and scalability, Todd continues to draw unwanted attention. He emphasized that while he has helped improve Bitcoin, his work has been about refining the system, not creating it. 🛠️
Todd argued that the search for Satoshi Nakamoto is unnecessary. He noted that Bitcoin thrives because it’s decentralized and merit-based, allowing ideas to flourish through consensus rather than following a single leader. He added that even the false label of being Nakamoto has put him at serious personal risk, warning that if Nakamoto's identity were actually revealed, the impact would be even more severe. 📉
Todd also suggested the HBO filmmaker likely used the Nakamoto claim to attract viewers, saying, “He needed a way to get attention for his film.” 🎬
#NovemberMarketAnalysis #DogeArmyComeBack #Trump47thPresident #TetherAEDLaunch #PensionCryptoShift
Trump's Victory Could Widen Policy Gap Between Fed and ECB 📉🇺🇸🇪🇺
Analysts at Nomura Securities say Trump’s win may sharpen policy contrasts between the Federal Reserve (Fed) and the European Central Bank (ECB). Under Trump, the Fed might shift from easing policies toward stabilizing rates, especially if trade policies lead to higher inflation. 📈
In Europe, mounting economic challenges could push the ECB toward more aggressive moves, but analysts think the ECB is still too cautious for major preemptive cuts. 📉 They don't expect the ECB to cut rates by 50 basis points in December, predicting a more gradual approach to economic issues.
#Trump47thPresident #TrumpCryptoSupport #NovemberMarketAnalysis #OctoberCryptoFundingSurge #USElections2024Countdown
Analysts at Nomura Securities say Trump’s win may sharpen policy contrasts between the Federal Reserve (Fed) and the European Central Bank (ECB). Under Trump, the Fed might shift from easing policies toward stabilizing rates, especially if trade policies lead to higher inflation. 📈
In Europe, mounting economic challenges could push the ECB toward more aggressive moves, but analysts think the ECB is still too cautious for major preemptive cuts. 📉 They don't expect the ECB to cut rates by 50 basis points in December, predicting a more gradual approach to economic issues.
#Trump47thPresident #TrumpCryptoSupport #NovemberMarketAnalysis #OctoberCryptoFundingSurge #USElections2024Countdown
🚀 Bitcoin Hits New High of $75K as Short Sellers “Rekt” by Spot Demand 📈
💥 Massive Short Liquidations as BTC Soars Past $75,000
Bitcoin surged to an all-time high of $75,000 on November 6, sparking nearly $180 million in short liquidations, with election-driven volatility pushing BTC above its previous record. According to CoinGlass, total crypto market liquidations hit $483.2 million over the past 24 hours, with Bitcoin shorts making up the largest share at $251 million. Swyftx lead analyst Pav Hundal noted, “The spot market is flying, and shorts are getting rekt,” attributing the surge to strong spot demand. 📊
📉 Spot Buying Drives Sustained Price Growth
Unlike previous derivative-fueled rallies, this price jump is powered by spot buying—meaning investors are purchasing actual BTC instead of trading derivatives. Hundal explained that this demand impacts Bitcoin’s supply directly, supporting long-term price growth and adding significance to this latest rise. 📉
🇺🇸 Trump Win Sparks Bullish Sentiment for BTC
The U.S. election has driven notable volatility, with Bitcoin’s rally being partially fueled by a Trump victory, seen by some as favorable for crypto. While short-term fluctuations are expected, analysts suggest that election-related volatility may be easing. CK Zheng, co-founder of ZX Squared Capital, believes a Trump administration could continue to be supportive of crypto markets. 📊
🎯 Bitcoin Eyes $100,000 by Q1 2025
Looking ahead, Markus Thielen from 10x Research sees a potential for Bitcoin to reach $100,000 by Q1 2025, driven by institutional demand and positive sentiment. Derive’s Nick Forster noted that the options market places a 15% chance of BTC crossing $100,000 by year-end, signaling strong long-term expectations. 🤑
With Bitcoin’s price staying near its record high, the recent spot-driven demand reflects ongoing optimism from investors, with more growth potentially on the horizon amid political and market shifts. 🌍
#ETHBTCNewLow #Bitcoin❗ #bitcoin☀️ #Crypto_Jobs🎯 #CryptoNewss
💥 Massive Short Liquidations as BTC Soars Past $75,000
Bitcoin surged to an all-time high of $75,000 on November 6, sparking nearly $180 million in short liquidations, with election-driven volatility pushing BTC above its previous record. According to CoinGlass, total crypto market liquidations hit $483.2 million over the past 24 hours, with Bitcoin shorts making up the largest share at $251 million. Swyftx lead analyst Pav Hundal noted, “The spot market is flying, and shorts are getting rekt,” attributing the surge to strong spot demand. 📊
📉 Spot Buying Drives Sustained Price Growth
Unlike previous derivative-fueled rallies, this price jump is powered by spot buying—meaning investors are purchasing actual BTC instead of trading derivatives. Hundal explained that this demand impacts Bitcoin’s supply directly, supporting long-term price growth and adding significance to this latest rise. 📉
🇺🇸 Trump Win Sparks Bullish Sentiment for BTC
The U.S. election has driven notable volatility, with Bitcoin’s rally being partially fueled by a Trump victory, seen by some as favorable for crypto. While short-term fluctuations are expected, analysts suggest that election-related volatility may be easing. CK Zheng, co-founder of ZX Squared Capital, believes a Trump administration could continue to be supportive of crypto markets. 📊
🎯 Bitcoin Eyes $100,000 by Q1 2025
Looking ahead, Markus Thielen from 10x Research sees a potential for Bitcoin to reach $100,000 by Q1 2025, driven by institutional demand and positive sentiment. Derive’s Nick Forster noted that the options market places a 15% chance of BTC crossing $100,000 by year-end, signaling strong long-term expectations. 🤑
With Bitcoin’s price staying near its record high, the recent spot-driven demand reflects ongoing optimism from investors, with more growth potentially on the horizon amid political and market shifts. 🌍
#ETHBTCNewLow #Bitcoin❗ #bitcoin☀️ #Crypto_Jobs🎯 #CryptoNewss
🏛️ U.S. House Speaker Mike Johnson Confident in GOP Majority 🏛️
According to PANews, U.S. House Speaker Mike Johnson is confident that the Republican Party will hold its majority in the House of Representatives. 🗳️ His remarks come as political discussions heat up and election preparations get underway.
Johnson’s statement highlights the GOP’s strategic moves to strengthen its influence in Congress. 🔗 The party is actively working on initiatives that address key voter concerns and reinforce its position in the legislative branch. 🌐
With election season approaching, both parties are stepping up efforts to engage voters and solidify their places in Congress. 📈 Johnson’s confidence points to the GOP’s focus on unity, leadership, and a clear agenda to maintain its legislative power.
#PensionCryptoShift #USElections2024Countdown #BTCMiningRevenue #ElectionNightBTCGuess #NovemberMarketAnalysis
According to PANews, U.S. House Speaker Mike Johnson is confident that the Republican Party will hold its majority in the House of Representatives. 🗳️ His remarks come as political discussions heat up and election preparations get underway.
Johnson’s statement highlights the GOP’s strategic moves to strengthen its influence in Congress. 🔗 The party is actively working on initiatives that address key voter concerns and reinforce its position in the legislative branch. 🌐
With election season approaching, both parties are stepping up efforts to engage voters and solidify their places in Congress. 📈 Johnson’s confidence points to the GOP’s focus on unity, leadership, and a clear agenda to maintain its legislative power.
#PensionCryptoShift #USElections2024Countdown #BTCMiningRevenue #ElectionNightBTCGuess #NovemberMarketAnalysis
📉 Significant Outflow Hits U.S. Bitcoin Spot ETF 🚨
According to Odaily, data from Trader T shows that the U.S. Bitcoin spot ETF saw a $540.91 million net outflow yesterday—the second-largest one-day outflow since the ETF began.
This sizable outflow highlights the ongoing volatility and shifting investor sentiment in the crypto market. As Bitcoin prices continue to fluctuate, investors and analysts are closely monitoring the ETF's performance. This recent outflow might reflect wider market trends or targeted investor strategies, underscoring the ever-changing nature of crypto investments.
⚖️ Amid regulatory discussions and economic factors influencing the crypto space, stakeholders are paying close attention to these shifts, as they could shape the future of digital assets.
📌 Disclaimer: This includes third-party opinions and is not financial advice.
#TetherAEDLaunch #GrayscaleXRPTrust #29thBNBBurn #CPI_BTC_Watch #USElections2024Countdown
According to Odaily, data from Trader T shows that the U.S. Bitcoin spot ETF saw a $540.91 million net outflow yesterday—the second-largest one-day outflow since the ETF began.
This sizable outflow highlights the ongoing volatility and shifting investor sentiment in the crypto market. As Bitcoin prices continue to fluctuate, investors and analysts are closely monitoring the ETF's performance. This recent outflow might reflect wider market trends or targeted investor strategies, underscoring the ever-changing nature of crypto investments.
⚖️ Amid regulatory discussions and economic factors influencing the crypto space, stakeholders are paying close attention to these shifts, as they could shape the future of digital assets.
📌 Disclaimer: This includes third-party opinions and is not financial advice.
#TetherAEDLaunch #GrayscaleXRPTrust #29thBNBBurn #CPI_BTC_Watch #USElections2024Countdown
🌍 Bitcoin Mining Bans May Boost Global Carbon Emissions 🌍
🌐 Well-Intentioned Policies, Unintended Consequences
According to Cointelegraph, eco-friendly governments considering bans on Bitcoin mining might actually harm the global economy. Research from Exponential Science suggests that banning mining in low-emission countries could cause miners to relocate to regions with higher carbon outputs, resulting in a net increase in global emissions—a phenomenon called "aggravated carbon leakage."
🔋 Not All Bitcoin Mining Is Equal
Researchers highlight that Bitcoin mining's environmental impact varies greatly depending on the energy sources used. For instance, a ban on Bitcoin mining in Canada, where nuclear and hydro-electric power are prevalent, could backfire. This shift could increase global network emissions by an estimated 5.6%, or around 2.5 million tonnes of CO2 each year.
🚫 Policy Updates from Canada and Russia
In April, the Canadian province of Manitoba extended a pause on new crypto mining requests with government-owned Manitoba Hydro, including any pending infrastructure projects.
On November 1, Russian President Vladimir Putin signed a regulatory framework for crypto mining. While the new laws clarify legal definitions in the sector, experts warn that Russia has not fully legalized crypto mining, as these measures add new controls and restrictions.
#CryptoAMA #GrayscaleXRPTrust #16thBTCWhitePaperAnniv #CPI_BTC_Watch #CryptoMarketMoves
🌐 Well-Intentioned Policies, Unintended Consequences
According to Cointelegraph, eco-friendly governments considering bans on Bitcoin mining might actually harm the global economy. Research from Exponential Science suggests that banning mining in low-emission countries could cause miners to relocate to regions with higher carbon outputs, resulting in a net increase in global emissions—a phenomenon called "aggravated carbon leakage."
🔋 Not All Bitcoin Mining Is Equal
Researchers highlight that Bitcoin mining's environmental impact varies greatly depending on the energy sources used. For instance, a ban on Bitcoin mining in Canada, where nuclear and hydro-electric power are prevalent, could backfire. This shift could increase global network emissions by an estimated 5.6%, or around 2.5 million tonnes of CO2 each year.
🚫 Policy Updates from Canada and Russia
In April, the Canadian province of Manitoba extended a pause on new crypto mining requests with government-owned Manitoba Hydro, including any pending infrastructure projects.
On November 1, Russian President Vladimir Putin signed a regulatory framework for crypto mining. While the new laws clarify legal definitions in the sector, experts warn that Russia has not fully legalized crypto mining, as these measures add new controls and restrictions.
#CryptoAMA #GrayscaleXRPTrust #16thBTCWhitePaperAnniv #CPI_BTC_Watch #CryptoMarketMoves
🚀 Solana Takes the Lead in DEX Daily Trading Volume, Ethereum in Second Place
According to BlockBeats, data from DeFiLlama on November 3 shows Solana’s decentralized exchanges (DEX) hitting a remarkable daily trading volume of $1.579 billion, keeping Solana at the top since October 11. 🌐💰 Meanwhile, Ethereum's DEX trading volume sits at $742.57 million, securing it the second spot. 📈🥈
#CryptoAMA #GrayscaleXRPTrust #16thBTCWhitePaperAnniv #CPI_BTC_Watch #PowellAtJacksonHole
According to BlockBeats, data from DeFiLlama on November 3 shows Solana’s decentralized exchanges (DEX) hitting a remarkable daily trading volume of $1.579 billion, keeping Solana at the top since October 11. 🌐💰 Meanwhile, Ethereum's DEX trading volume sits at $742.57 million, securing it the second spot. 📈🥈
#CryptoAMA #GrayscaleXRPTrust #16thBTCWhitePaperAnniv #CPI_BTC_Watch #PowellAtJacksonHole
🚀 Reimagining DeFi and Leverage Trading: Insights from dYdX Founder Antonio Juliano
According to BlockBeats, on November 3, dYdX founder Antonio Juliano shared his thoughts on X, calling for a fresh approach in decentralized finance (DeFi) and leverage trading. 📈
Juliano expressed frustration with the current landscape, noting that all perpetual (perps) products feel the same, creating a stagnant, zero-sum game. ⚖️ While shifting users from centralized finance (CeFi) to DeFi perps is possible, he believes this approach misses the core of what DeFi should be. Instead, he’s advocating for a return to basics, with a focus on creativity and user empowerment. 🔄
For Juliano, the true goal of leverage trading in DeFi should be amplifying user power, not simply mimicking past models. Instead of repeating old ideas, he urges the industry to rethink how users can gain greater control and freedom to place high-stakes bets. 💪
#CryptoAMA #GrayscaleXRPTrust #16thBTCWhitePaperAnniv #TetherAEDLaunch #29thBNBBurn
According to BlockBeats, on November 3, dYdX founder Antonio Juliano shared his thoughts on X, calling for a fresh approach in decentralized finance (DeFi) and leverage trading. 📈
Juliano expressed frustration with the current landscape, noting that all perpetual (perps) products feel the same, creating a stagnant, zero-sum game. ⚖️ While shifting users from centralized finance (CeFi) to DeFi perps is possible, he believes this approach misses the core of what DeFi should be. Instead, he’s advocating for a return to basics, with a focus on creativity and user empowerment. 🔄
For Juliano, the true goal of leverage trading in DeFi should be amplifying user power, not simply mimicking past models. Instead of repeating old ideas, he urges the industry to rethink how users can gain greater control and freedom to place high-stakes bets. 💪
#CryptoAMA #GrayscaleXRPTrust #16thBTCWhitePaperAnniv #TetherAEDLaunch #29thBNBBurn
🕵️♀️ Dora Research Team Critiques Network States' Political Philosophy 📚
According to Odaily, Taryn Christiansen from the Dora research team has published "Critique of the Political Philosophy of Network States - Part Two" on the Dora research blog. This article follows an initial critique by a Dora intern, which pointed out philosophical weaknesses in Balaji Srinivasan’s well-known book, Network States. Christiansen dives deeper, highlighting methodological flaws in the book and proposing potential solutions.
#CryptoAMA #GrayscaleXRPTrust #16thBTCWhitePaperAnniv #CryptoPreUSElection #USJobOpeningsDip
According to Odaily, Taryn Christiansen from the Dora research team has published "Critique of the Political Philosophy of Network States - Part Two" on the Dora research blog. This article follows an initial critique by a Dora intern, which pointed out philosophical weaknesses in Balaji Srinivasan’s well-known book, Network States. Christiansen dives deeper, highlighting methodological flaws in the book and proposing potential solutions.
#CryptoAMA #GrayscaleXRPTrust #16thBTCWhitePaperAnniv #CryptoPreUSElection #USJobOpeningsDip
🏠 Three Arrows Capital Co-Founder’s Wife Sells Singapore Mansion for $38.5M
📢 According to BlockBeats via Bloomberg, Evelyn Tao Yaqiong, wife of Three Arrows Capital co-founder Zhu Su, sold a luxury mansion in Singapore for 51 million SGD (about 38.5 million USD). Despite some of the couple's assets being frozen by the court, records show she signed the deal in July, completing it last month. 🗓️
🌿 The premium property, located on Dalvey Road near the Singapore Botanic Gardens, spans 1,446 square meters (15,568 sq ft). Tao Yaqiong originally purchased it in 2020 for 28.5 million SGD, later redeveloping it.
Disclaimer: Third-party opinions included. No financial advice.
#CryptoAMA #16thBTCWhitePaperAnniv #GrayscaleXRPTrust #USADPSurges #CryptoPreUSElection
📢 According to BlockBeats via Bloomberg, Evelyn Tao Yaqiong, wife of Three Arrows Capital co-founder Zhu Su, sold a luxury mansion in Singapore for 51 million SGD (about 38.5 million USD). Despite some of the couple's assets being frozen by the court, records show she signed the deal in July, completing it last month. 🗓️
🌿 The premium property, located on Dalvey Road near the Singapore Botanic Gardens, spans 1,446 square meters (15,568 sq ft). Tao Yaqiong originally purchased it in 2020 for 28.5 million SGD, later redeveloping it.
Disclaimer: Third-party opinions included. No financial advice.
#CryptoAMA #16thBTCWhitePaperAnniv #GrayscaleXRPTrust #USADPSurges #CryptoPreUSElection
🇺🇸 U.S. Election Uncertainty May Spike Crypto Market Volatility, Says FalconX Research Head
📊 Odaily reports that David Lawant, Head of Research at FalconX, pointed out in a recent market report that ongoing U.S. election uncertainty could trigger higher volatility in the cryptocurrency market. According to Lawant, the crypto market has been largely aimless since April, and a clear outcome from the election would help traders regain direction. 🔄
🔍 Lawant added that, regardless of which party wins the November 5th election, investors are hopeful for a favorable result to stabilize the market.
#CryptoAMA #CPI_BTC_Watch #GrayscaleXRPTrust #CryptoPreUSElection #USJobOpeningsDip
📊 Odaily reports that David Lawant, Head of Research at FalconX, pointed out in a recent market report that ongoing U.S. election uncertainty could trigger higher volatility in the cryptocurrency market. According to Lawant, the crypto market has been largely aimless since April, and a clear outcome from the election would help traders regain direction. 🔄
🔍 Lawant added that, regardless of which party wins the November 5th election, investors are hopeful for a favorable result to stabilize the market.
#CryptoAMA #CPI_BTC_Watch #GrayscaleXRPTrust #CryptoPreUSElection #USJobOpeningsDip
🚀 Microsoft to Invest $10 Billion in AI Startup CoreWeave by 2030
📈 According to Odaily, Microsoft is planning a major investment of nearly $10 billion to lease servers from the AI startup CoreWeave by 2030. This sum is reportedly larger than previously disclosed and makes up more than half of CoreWeave’s $17 billion in total client contracts. CoreWeave projects its revenue to skyrocket next year, potentially reaching $8 billion! 📊
🔋 Previously, CoreWeave entered a multi-year deal with Bitcoin mining firm Core Scientific. This partnership included up to 16 MW of data center infrastructure for CoreWeave’s needs. Recently, Core Scientific expanded this hosting contract, adding 120 MW of power for CoreWeave’s high-performance computing operations. This will bring the total power capacity to a substantial 500 MW across six sites.
Neither Microsoft nor CoreWeave have officially commented on these developments.
#CryptoPreUSElection #CryptoAMA #GrayscaleXRPTrust #USJobOpeningsDip #16thBTCWhitePaperAnniv
📈 According to Odaily, Microsoft is planning a major investment of nearly $10 billion to lease servers from the AI startup CoreWeave by 2030. This sum is reportedly larger than previously disclosed and makes up more than half of CoreWeave’s $17 billion in total client contracts. CoreWeave projects its revenue to skyrocket next year, potentially reaching $8 billion! 📊
🔋 Previously, CoreWeave entered a multi-year deal with Bitcoin mining firm Core Scientific. This partnership included up to 16 MW of data center infrastructure for CoreWeave’s needs. Recently, Core Scientific expanded this hosting contract, adding 120 MW of power for CoreWeave’s high-performance computing operations. This will bring the total power capacity to a substantial 500 MW across six sites.
Neither Microsoft nor CoreWeave have officially commented on these developments.
#CryptoPreUSElection #CryptoAMA #GrayscaleXRPTrust #USJobOpeningsDip #16thBTCWhitePaperAnniv
🚨 Massive Liquidations Rock Crypto Market 🚨
According to U.Today, the cryptocurrency market just witnessed a major shakeup, with CoinGlass data showing close to $50 million in liquidations within a single hour. This isn't entirely surprising due to crypto's well-known volatility, but what's striking is that a massive 94.67% of these liquidations were long positions in the derivatives market. 📉💼
Of these liquidations, $2.55 million were short positions, while long position liquidations hit nearly 17 times that amount. This imbalance is especially clear for certain tokens. For example, XRP saw a minimal $776.32 in short liquidations compared to a whopping $971,390 in long liquidations—a difference of 125,127.52%! 📊💥 It seems a large number of traders were betting on XRP's price rising, but despite the high volume of bullish liquidations, XRP’s price only dropped 1.6%.
For now, XRP remains a leader in liquidations, but this heavy tilt toward long positions suggests trader confidence in XRP’s upside might cool in the near term.
#CryptoAMA #10MTradersLeague #BTCReboundsAfterFOMC #CryptoPreUSElection #CryptoPreUSElection
According to U.Today, the cryptocurrency market just witnessed a major shakeup, with CoinGlass data showing close to $50 million in liquidations within a single hour. This isn't entirely surprising due to crypto's well-known volatility, but what's striking is that a massive 94.67% of these liquidations were long positions in the derivatives market. 📉💼
Of these liquidations, $2.55 million were short positions, while long position liquidations hit nearly 17 times that amount. This imbalance is especially clear for certain tokens. For example, XRP saw a minimal $776.32 in short liquidations compared to a whopping $971,390 in long liquidations—a difference of 125,127.52%! 📊💥 It seems a large number of traders were betting on XRP's price rising, but despite the high volume of bullish liquidations, XRP’s price only dropped 1.6%.
For now, XRP remains a leader in liquidations, but this heavy tilt toward long positions suggests trader confidence in XRP’s upside might cool in the near term.
#CryptoAMA #10MTradersLeague #BTCReboundsAfterFOMC #CryptoPreUSElection #CryptoPreUSElection
📉 IMX Token Drops 12% After SEC Wells Notice 🚨
According to BlockBeats, the price of IMX fell by around 12% and is currently trading at $1.149 after receiving a Wells Notice from the U.S. SEC.
🔍 Background: Last month, Immutable, the creator of IMX, revealed that it received the notice, suggesting potential enforcement actions. The SEC also sent a letter to CEO James Ferguson and the Digital Worlds Foundation (which helped issue IMX), detailing alleged securities law violations.
#BTCReboundsAfterFOMC #EthereumPectraUpgrade #CryptoPreUSElection #USJobOpeningsDip #NFPWatch
According to BlockBeats, the price of IMX fell by around 12% and is currently trading at $1.149 after receiving a Wells Notice from the U.S. SEC.
🔍 Background: Last month, Immutable, the creator of IMX, revealed that it received the notice, suggesting potential enforcement actions. The SEC also sent a letter to CEO James Ferguson and the Digital Worlds Foundation (which helped issue IMX), detailing alleged securities law violations.
#BTCReboundsAfterFOMC #EthereumPectraUpgrade #CryptoPreUSElection #USJobOpeningsDip #NFPWatch
🏦 HKMA Updates Digital Banking Regulations 🚀
According to Odaily, the Hong Kong Monetary Authority (HKMA) has presented new documents for the Legislative Council’s Financial Affairs Panel briefing. These documents follow a consultation summary from October 14, 2024, and include:
📄 Revised Guidelines: New standards for recognizing digital banks, with adjustments for risk-based and technology-neutral principles that better fit digital bank models.
🔄 Regulatory Framework: Digital banks must follow similar regulations to traditional banks, with some adjustments to align with their unique structures.
🏛️ As of the latest update on October 25, 2024, Hong Kong has eight registered digital banks:
1. Livi Bank Limited
2. Ant Bank (Hong Kong) Limited
3. Fusion Bank Limited
4. WeLab Bank Limited
5. Mox Bank Limited
6. PAO Bank Limited
7. Airstar Bank Limited
8. ZA Bank Limited
#BTCReboundsAfterFOMC #EthereumPectraUpgrade #CryptoPreUSElection #NFPWatch #16thBTCWhitePaperAnniv
According to Odaily, the Hong Kong Monetary Authority (HKMA) has presented new documents for the Legislative Council’s Financial Affairs Panel briefing. These documents follow a consultation summary from October 14, 2024, and include:
📄 Revised Guidelines: New standards for recognizing digital banks, with adjustments for risk-based and technology-neutral principles that better fit digital bank models.
🔄 Regulatory Framework: Digital banks must follow similar regulations to traditional banks, with some adjustments to align with their unique structures.
🏛️ As of the latest update on October 25, 2024, Hong Kong has eight registered digital banks:
1. Livi Bank Limited
2. Ant Bank (Hong Kong) Limited
3. Fusion Bank Limited
4. WeLab Bank Limited
5. Mox Bank Limited
6. PAO Bank Limited
7. Airstar Bank Limited
8. ZA Bank Limited
#BTCReboundsAfterFOMC #EthereumPectraUpgrade #CryptoPreUSElection #NFPWatch #16thBTCWhitePaperAnniv
🌐 CZ at Binance Blockchain Week Dubai 2024: "I'm Bullish on Crypto Long-Term" 🚀
As Binance Blockchain Week Dubai 2024 draws in crowds, Changpeng Zhao (CZ) shared his thoughts on crypto’s future. When asked if he’s still bullish, CZ offered a cautious but positive outlook: while short-term predictions are tricky, he remains optimistic about the long term.
"I can’t predict the future, but I can analyze history," CZ reflected, noting key recovery years like 2012, 2016, and 2020 that paved the way for major growth. He mentioned 2022 as a "bull year," adding that crypto is now at an all-time high. “Long term, we are bullish; short term, I am not sure,” he concluded, balancing optimism with a realistic view of the market’s current state.
#BinanceBlockchainWeek #USJobOpeningsDip #CryptoPreUSElection #EIGENonBinance #10MTradersLeague
As Binance Blockchain Week Dubai 2024 draws in crowds, Changpeng Zhao (CZ) shared his thoughts on crypto’s future. When asked if he’s still bullish, CZ offered a cautious but positive outlook: while short-term predictions are tricky, he remains optimistic about the long term.
"I can’t predict the future, but I can analyze history," CZ reflected, noting key recovery years like 2012, 2016, and 2020 that paved the way for major growth. He mentioned 2022 as a "bull year," adding that crypto is now at an all-time high. “Long term, we are bullish; short term, I am not sure,” he concluded, balancing optimism with a realistic view of the market’s current state.
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🚨 Grayscale Transfers 704.815 BTC Worth $50.89M 🚨
According to Odaily, about 44 minutes ago, Arkham monitoring detected that Grayscale Digital Large Cap Fund moved 704.815 BTC to an unknown address. This transaction is valued at approximately $50.89 million.
#BinanceBlockchainWeek #CryptoPreUSElection #10MTradersLeague #USJobOpeningsDip #EthereumPectraUpgrade
According to Odaily, about 44 minutes ago, Arkham monitoring detected that Grayscale Digital Large Cap Fund moved 704.815 BTC to an unknown address. This transaction is valued at approximately $50.89 million.
#BinanceBlockchainWeek #CryptoPreUSElection #10MTradersLeague #USJobOpeningsDip #EthereumPectraUpgrade
🚀 Ethereum (ETH) Surpasses $2,700! 🚀
As of Oct 30, 2024, 13:58 PM (UTC), Ethereum has broken past the $2,700 mark, trading at 2,701.63 USDT with a 2.52% increase in the last 24 hours. 📈💰
#BinanceBlockchainWeek #USJoblessClaimsDip #CryptoPreUSElection #EthereumPectraUpgrade #BTCBreak71K
As of Oct 30, 2024, 13:58 PM (UTC), Ethereum has broken past the $2,700 mark, trading at 2,701.63 USDT with a 2.52% increase in the last 24 hours. 📈💰
#BinanceBlockchainWeek #USJoblessClaimsDip #CryptoPreUSElection #EthereumPectraUpgrade #BTCBreak71K