Market information update on August 19, 2024 ⬇️⬇️⬇️ ----------------------- I. Market news 1. Fed Collins: It will be the right time to start cutting interest rates soon. 2. The number of people filing for unemployment benefits in the United States on June 17 reached 232,000, compared to the previous forecast of 230,000. The total number of people filing for unemployment benefits was 1.867 million. 3. IShares Bitcoin Trust Market Value Surpasses $21.5 Billion.
10 INDICATORS TO HELP ASSESS THE POSSIBILITY OF ECONOMIC RECESSION
Lately we've all been hearing a lot about the possibility of a recession. However, that is just a guess. We need data that can give us a clearer picture than a guess. The 10 indicators below will help you assess the possibility of a recession.
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I. Group of economic growth indicators 1. Leading Economic Index
The Leading Economic Index (LEI) is a composite economic indicator used to predict future economic trends. It is a composite of a variety of economic indicators, such as new orders from manufacturers, unemployment claims, interest rates, and other financial factors.
Market Update 08/19/2024 ⬇️⬇️⬇️ ----------------------- I. Market News 1. The Fed may cut interest rates by a total of 92 basis points this year. 2. Goldman Sachs: Expected to have 3 consecutive 25 basis point interest rate cuts starting in September. 3. Data report: 40 funds worldwide hold more than 1.07 million BTC. 4. IMF economist proposes electricity tax to reduce environmental impact of crypto mining and AI. 5. Total stablecoin market cap exceeds $168 billion, and USDT market cap is nearly $117 billion. 6. Number of active addresses on Base reached 12 million in the past 30 days. 7. VanEck: Bitcoin mining farms can earn $13.9 billion annually. 20% of which comes from AI training rentals. 8. More than 50% of survey respondents believe that NFTs will not recover in this cycle. ------------------------ II. Project Update 1. DOGS adds airdrop withdrawal option and extends withdrawal request time. TGE will be held on August 23. 2. Robin Linus publishes BitVM V2 whitepaper to raise the standard of Bitcoin ecosystem construction. 3. Vitalik bought the domain name ENS dacc.eth and the market value of the Meme with the same name increased 7x to $5 million in 15 minutes. 4. Saga: Airdrop Vault 4 is open. ------------------------ III. Investment Update 1. No new projects invested today
TRUMP VS HARRIS, CHOOSE WHO IS BETTER FOR YOURSELF AND CRYPTO IN THE FUTURE
The next 4 years could be heaven or hell for crypto depending on which president wins. As a voter, who should you vote for? ------------------------------------ With Trump Trump's support for crypto is undeniable. Trump even attended the biggest bitcoin conference of the year in Nashville. What about Harris? ------------------ With Harris In fact, Harris has not directly expressed his views on cryptocurrencies. Based on his publicly disclosed financial situation, his family does not own any crypto assets.
Market Update 08/15/2024 ⬇️⬇️⬇️ ------------------------ I. Market News 1. US CPI falls below expectations, back to 2, down for the 4th consecutive month. 2. Fed: The debate at the September Fed meeting will focus on cutting interest rates by 25 basis points or more than 50 basis points. 3. Binance Futures launches BANANA/USDT-margined perpetual contract 4. OKX will launch DOGS spot and pre-market trading of DOGS. 5. Pump.fun's fee-receiving account has sold all 222,073 SOL in the past 3 months, earning 35.54 million USDC. 6. Grayscale transfers 700 BTC to an unmarked address, worth 42.76 million USD ------------------------ II. Project Updates
1. Scam project ZKasino has yet to refund 10,515 ETH to users.
2. Oyi will delist leveraged and perpetual contracts for the FITFI and BLOCK tokens.
3. $GM token will have a 6% trading tax buy/sell, expected to be removed in a few weeks.
---------------------- III. Investment Updates
1. Stablecoin Payments app Sling Money has completed a $15 million Series A funding round led by USV.
2. Ethereum Layer-2 Parfin has completed a $10 million Series A funding round led by ParaFi Capital.
3. Smart account developer Crystal has completed a $5 million seed round led by 1kx.
Crypto Market Update 08/14/2024 ⬇️⬇️⬇️ ----------------------- I. Market News 1. Binance Launchpool and Binance Super Earn to List Toncoin (TON) 2. Tether Treasury Mints Another 1 Billion USDT on Ethereum Chain. 3. Galaxy Research: Harris Will Continue Biden Administration's Strict Regulatory Policy on Crypto. 4. Grayscale Launches MKR Grayscale MakerDAO Trust. 5. Trump and Elon Musk Praise Pro-Bitcoin Argentine President Javier Milei 6. Analysis: Long-Term Bitcoin Holders Turn to HODL, Accumulating 374,000 BTC in the Past 3 Months. ----------------------- II. Project Update 1. WazirX Security Incident Update: Balances from Transactions Occurring July 18-21 Will Be Restored Soon.
2. Ethereum L2 Reddio Network Completes Seed Funding Round Led by Paradigm and Arena. ------------------------ III. Investment Update 1. No New Projects Invested Today
Simple token valuation method that anyone can apply
The value a token brings will determine its valuation instead of simply relying on MC/FDV We need a valuation method to know whether the project is a good investment or not.
-------------------------- Method 1: Project Treasury Value A safe project to invest in is one whose Treasury value exceeds its market capitalization. The exit point will be when the market cap increases to equal the Treasury value.
7 Steps in the Pump/Blow Process of Crypto Whales/Drivers
For most investors/traders, the only thing they think about when it comes to Market Makers/pump drivers is pump/dump. But for Whales, this process has 7 steps. Understanding this will help you easily multiply your account by standing on the shoulders of giants.
-------------------------- Phase 1: Prepare the position Positioning involves whales accumulating tokens. They buy large quantities in small positions over a long period of time to avoid driving up prices and staying undetected.