Bitcoin miners could liquidate $5 billion in BTC after the halving, according to calculations by 10x Research head Markus Thielen

"The surplus from this sale could last four to six months, which explains why bitcoin could move sideways over the next few months, as it has done after previous halvings."

Thielen said the same thing could happen again: that crypto markets could potentially face "a major challenge in a six-month 'summer' lull."

Thielen also believes that altcoins, in particular, could bear the brunt of this situation. Many of them have pulled back sharply over the past week and many are still a long way from their 2021 highs.

“Even if there is a correlation between the halving and an altcoin rally, as some predict, historical evidence shows that the rally usually begins almost six months later.”

Thielen posited that Marathon, the world's largest bitcoin miner, has built up inventory "that will likely be sold off gradually after the halving to avoid a revenue cliff."

As Marathon (currently) produces between 28 and 30 BTC per day, this could result in 133 days of additional supply hitting the market plus the BTC it produces, which would be 14-15 BTC per day after the halving, he said.

“Other miners are likely to follow a similar strategy to gradually liquidate some of their inventory.”

The researcher concluded that if all miners have a similar strategy for selling post-halving inventory, "it could result in a maximum of USD 104 million of BTC sales per day, reversing the imbalance between supply and demand that caused the rally." of BTC pre-halving"

Marathon CEO Peter Thiel said the company's breakeven rate would be around $46,000 per BTC to remain profitable after the halving, predicting that significant price movements are unlikely in the six months following the event. .

😱🚀😱 SURPRISE YOURSELF😱🚀😱

Will #Solana reach $450?

Solana price $SOL hits 3-month high
These 5 analysts expect a new yearly high

Solana (SOL) price has been rising rapidly since October 13 and is approaching its yearly high.

Solana price also broke an inverse head and shoulders pattern.
How long will it continue to rise?

Analysts are optimistic about Solana
Analysts at #criptomonedas have a predominantly bullish sentiment towards Solana.

Tradermayne believes the price will rise to $40. But his bullish analysis is conditional on a bullish weekly candle close.

Rager and DaanCrypto also noted the importance of the $38 horizontal resistance area, which coincides with the yearly high. This area has been crucial since 2021, supporting and resisting.

Finally, CryptoGodJohn believes that SOL price will eventually reach $250 in the long term and may even reach $450 if it reaches the market cap of #Ethereum

Will it reach the new yearly high?
The daily time frame shows that SOL price has been trading within an inverse head and shoulders (IH&S) pattern since February.
The IH&S is considered a bullish pattern, which usually leads to breakouts.

Today, SOL price is in the process of breaking out of the pattern neckline. A daily close above $26 will confirm the altcoin's breakout.
#crypto2023 #cryptocurrency

Sam Bankman-Fried appeals his fraud conviction, requests a new trial

The founder of FTX is serving six months of a 25-year prison sentence.

FTX founder Sam Bankman-Fried has formally appealed his fraud conviction, requesting a new trial and accusing the judge overseeing his case of being unfairly biased against him.

Last November, a New York jury convicted Bankman-Fried on seven counts of fraud and conspiracy related to the collapse of his cryptocurrency exchange in November 2022. In March, U.S. District Judge Lewis Kaplan of the Southern District of New York (SDNY) sentenced Bankman-Fried to 25 years in prison for his crimes.

In the 102-page appeal filed Friday afternoon in the Second Circuit Court of Appeals, Bankman-Fried’s attorneys argued that Judge Kaplan was unfair to the FTX founder throughout the trial, making “scathing comments that undermined the defense” and “ridiculing” his testimony in front of the jury.

“Sam Bankman-Fried was never found innocent,” his attorney, Alexandra Shapiro, wrote in the filing. “The judge presiding over his trial found him guilty.” Shapiro replaced Bankman-Fried’s trial attorneys, Mark Cohen and Christian Everdell, after his conviction.

The filing emphasized this point throughout, pointing to the judge’s blocking of certain defense arguments, testimony about Bankman-Fried’s well-performing investments (such as Anthropic), pieces of evidence
Bankman-Fried’s attorneys also alleged procedural violations, saying the judge ordered an “unlawful” seizure and that “Bankman-Fried was wrongly deprived of the Brady material” — evidence that would have favored the defense and that, if deliberately withheld, could result in the case being dismissed.
#SamBankman-Fried #FTX #BinanceSquareFamily #HotTrens

Polygon's POL (MATIC) token surges over 10% as it lists on Binance

Polygon last week introduced POL, the upgraded version of the network's token, which migrates from its old MATIC token with some tokenomic changes.

Polygon's native token, POL, surged as cryptocurrency exchange giant Binance said it added Spot and Futures contract trading with the token to its platforms, marking the completion of the upgrade and rebranding of the token from the old MATIC.

Last week, Polygon introduced the upgraded version of the network's token, POL, which migrates from its long-standing MATIC token. The transition also brought some tokenomic changes, introducing a new token issuance rate of 2% per year.

"The full migration from MATIC-POL has already happened, but the new charts are much more important," noted cryptocurrency analyst DeFiyst. "This is the first successful major token migration we've seen in a long time; we hope other projects will follow."

$POL

Economist sees 'sell the news' event with Fed's anticipated 25 basis point rate cut

A possible 25 basis point rate cut by the US Federal Reserve next Wednesday is already priced in by markets and could lead to a "sell the news" event for risk assets, according to a leading economist.

"The market is already pricing in a 25 basis point cut, meaning the actual cut could be disappointing and trigger a sell-the-news reaction. In contrast, a 50 basis point cut is not priced in. If it were to materialise, it would likely give the market a boost," said Johns Hopkins University economist Steve Hanke.

Ahead of the Federal Open Market Committee (FOMC) meeting on September 18, CME’s FedWatch tool indicates that interest rate traders are pricing in a 57% chance of a 25 basis point cut and a 43% chance of a 50 basis point reduction. Notably, interest rate traders have significantly increased the odds of a 50 basis point cut, with the probability rising from 13% to 43% over the past 24 hours.

Hanke, who previously ran Toronto Trust Argentina in Buenos Aires (the world’s best-performing fund in 1995), added that risk assets, including bitcoin, could face increased volatility in the coming months, in the run-up to the US presidential election on November 5. Given the uncertain market conditions, he expressed a preference for fixed-income investments, such as the 10-year US Treasury bond and gold. #BTC☀ #Bitcoin❗ #HotTrens #BinanceSquareFamily #BinanceEarnProgram $BTC

Ladies and Gentlemen, Catizen has arrived on Binance

Binance announced that Catizen is the 59th project of Binance Launchpool, and the CATI token can be farmed directly on the Binance Exchange

Users will be able to lock their $BNB and $FDUSD to receive CATI airdrops for four days, farming starts on 16 - 09 - 2024, at 00:00 (UTC).

CATI Launchpool Details Total Supply: 1,000,000,000 Launchpool Rewards: 90,000,000 CATI (9% of total supply) 140934171476533270591830721396072#BinanceSquareFamily #HotTrens $BNB 6242324

MicroStrategy Acquires $1.1 Billion in Bitcoin

Michael Saylor, Co-founder of MicroStrategy, announced that they have purchased 18,300 BTC worth $1.11 billion at a price of $60,408 per#bitcoin

Achieved a BTC return of 4.4% in the quarter and 17.0% so far this year.

The software giant's total Bitcoin holdings are 244,800 BTC acquired for a total of $9.45 billion, with an average price of $38,585 per bitcoin.
#BTC☀ #Bitcoin❗ #BinanceSquareFamily #BinanceHerYerde #HotTrens $BTC

Ladies and Gentlemen

HMSTR, the Hamster Kombat token, has arrived on the world's largest cryptocurrency exchange Binance

Hamster Kombat is the 58th project on Binance Launchpool.

Users will be able to lock up their $BNB and $FDUSD to receive $HMSTR airdrops for a period of seven days, with farming starting from 2024-09-19 00:00 (UTC).
#BinanceLaunchpoolHMSTR #HamsterKombat #HMSTR #HotTrands #BinanceSquareFamily

DEX Wars Intensify as Uniswap Dominance Falls to 36% Amid Rising Competition

The DEX landscape is undergoing some diversification, with once-dominant Uniswap's market share facing steady erosion. This shift in market share could signal increased competition and innovation in decentralized trading.

Uniswap's market share has fallen from over 50% in October 2023 to 36% today.

As Uniswap's slice of the pie shrinks, newcomers are eagerly gobbling up the market share. Aerodrome, which has ridden the wave of Base Layer 2's impressive growth, has grabbed a respectable 7% of the market. Other winners from Uniswap's fall include Orca, which grew from 9% at the start of the year to 12% last month.

Uniswap’s slow loss of market share by smaller DEXs indicates a sustainable shift as users find and move to more competitive DEXs with long-term advantages rather than short-term incentives.

The DEX sector as a whole is thriving. Monthly transaction volumes reached $140 billion last month, highlighting the appetite for decentralized transaction solutions.

This diversification of the DEX landscape could be a catalyst for innovation and user empowerment.
$UNI

#BinanceSquareFamily #HotTrens #Uniswap #CryptoMarketMoves #BinanceBlockchainWeek

Trump-Harris Debate

Polymarket Shows Low Odds of Cryptocurrency Mentioned

Traders see just a 17% chance that Donald Trump will say “cryptocurrency” or “bitcoin” and just a 13% chance that Kamala Harris will say “cryptocurrency.”

On Polymarket’s “What Will Trump Say at the Debate?” contract, “yes” shares for “cryptocurrency/bitcoin” were trading at 18 cents midday Tuesday in New York, indicating that traders see a 17% chance that he will say one or both words.

Cryptocurrencies trail controversial topics that the former commander-in-chief and Republican candidate is most likely to speak out about, such as “abortion” (highest probability, 82%).

Meanwhile, Vice President Harris has an even lower chance of mentioning bitcoin or cryptocurrencies: 13%. Once again, "abortion" is the top term mentioned by the Democratic candidate (87% probability).
#BTC☀ #Bitcoin❗ #BinanceSquareFamily #HotTrens #BinanceEarnProgram $BTC

Bitcoin bounces above $57,000 ahead of Trump-Harris debate

After hitting a recent low of $52,500 last Friday, Bitcoin has since rebounded above the $57,000 mark, with price volatility triggering a wave of short position liquidations.

In the past 24 hours alone, $45 million worth of bitcoin positions were liquidated, of which the majority were short positions, at $36 million.

Following today's bitcoin price rally, BRN analyst Valentin Fournier said that if the digital asset breaks above last Tuesday's local high of $59,750, it could signal the start of a sustained uptrend.
However, he added that this depends on two key factors: Donald Trump's performance in tonight's debate against Kamala Harris and Wednesday's Consumer Price Index (CPI) reading, which could offer clues about the scale of a potential rate cut by the US Federal Reserve at next week's Federal Open Market Committee (FOMC) meeting.

"Breaking above the $59,750 resistance level would be a clear signal of a potential uptrend, and positive inflation-related news could further boost this bullish momentum," Fournier said. However, he noted that market volatility remains high and further price declines are possible, especially as the Federal Reserve's interest rate decision on September 18 approaches. "There is a potential for a 'buy the rumor and sell the news' dynamic around inflation numbers and upcoming interest rate cuts," he added.
#BTC☀ #Bitcoin❗ #BinanceSquareFamily #BinanceEarnProgram #HotTrens $BTC

🥳Attention Airdrop Hunters 🥳

All FLOKI memecoin holders on Binance have already delivered SimonsCat's CAT tokens

"If you met the airdrop criteria and don't see the tokens in your Binance account immediately, please wait a couple of hours and check back."

$FLOKI

#simonscat #CAT #BinanceSquareFamily #BinanceEarnProgram #HotTrens

BTC at $13M 🚀

Michael Saylor predicts Bitcoin will grab 7% of global wealth

Saylor's BTC price prediction: $55K to $13M in two decades.

In a recent interview on CNBC, MicroStrategy CEO Michael Saylor shared his long-term view on Bitcoin. Saylor was asked about Bitcoin's position as "digital gold" and its potential to capture a portion of gold's market cap.

He explained that Bitcoin currently accounts for about 0.1% of global wealth, with a price of around $55,000 and a market cap of just over $1 trillion. However, Saylor believes that Bitcoin's future is much brighter and predicts that it could eventually account for 7% of global wealth. This would put the price of a single Bitcoin at about $2 million, assuming global wealth is roughly $500 trillion. However, estimates of global wealth vary significantly.

Looking even further out, Saylor predicted that Bitcoin could reach a staggering $13 million per coin over the next 21 years. He also touched on Bitcoin’s historical growth rate, noting that while its compound annual growth rate (CAGR) has been around 44%, he expects it to slow over time.

Ultimately, he believes Bitcoin’s performance will fall in line with the performance of the S&P 500 (roughly a 13% CAGR), plus an additional 8%, due to Bitcoin’s global and open nature as a free-market asset. #BTC☀ #Bitcoin❗ #BinanceSquareFamily #BinanceReferralProgram #BinanceEarnProgram $BTC

Toncoin price starts to recover after Durov's release, despite sluggish market

Toncoin has outperformed other major cryptocurrencies over the past 24 hours, rising by more than 7%, while Bitcoin and Ether traded flat, and the overall cryptocurrency market cap dipped slightly by 0.1%.

Analysts see scope for further Toncoin price appreciation throughout September, particularly if a potential rate cut by the US Federal Reserve fosters a risk-on market environment.

"Toncoin's performance in September could slightly outperform the broader market, largely depending on macroeconomic factors," said Bitget Research chief analyst Ryan Lee. “If market sentiment improves, Toncoin could retest the $6.50 to $7.00 levels. However, if the overall environment remains unchanged, the price is likely to fluctuate between $5.00 and $6.00.”

The price of Toncoin remained just below $7 until August 24, when the altcoin crashed after Telegram founder Pavel Durov was arrested by French authorities. Although Toncoin is officially separate from Telegram, the messaging app initially developed some of its underlying technology and strongly supports it.

Following Durov’s release on bail, Toncoin fell further, hitting a local low of around $4.55 in early August. Since then, the cryptocurrency has gradually recovered and has broken through the $5 barrier again.

Presto Research analyst Min Jung highlighted some of the key highlights in a recent report. "It is worth noting that over 40% of Telegram's revenue in 2023 came from an 'integrated wallet' and a 'collectibles sale', both related to Toncoins," Jung said.
#ton_blockchain #TON #BinanceSquareFamily #BinanceEarnProgram #HotTrens
$TON

A 0.50% Fed Rate Cut Could Raise Alarm Over Bitcoin

The Federal Reserve is expected to begin its long-awaited rate cut cycle starting next week.

Friday’s US jobs report has seemingly set the stage for the Federal Reserve (Fed) to begin cutting interest rates, with the first move likely to happen next week.

The supposedly bullish liquidity easing cycle may start on a sour note for risk assets, including cryptocurrencies, if the Fed cuts rates by 50 basis points (bps) on September 18, according to 10x Research.

A 50-basis-point rate cut next week could imply heightened economic concerns or a sense of being left behind in the fight against the looming economic slowdown, leading investors to reduce exposure to risk assets like bitcoin (BTC) and stocks.

“While a 50 basis point cut by the Fed could signal deeper concerns for markets, the Fed’s primary focus will be on mitigating economic risks rather than managing market reactions,” Markus Thielen, founder of 10x Research, said in a note to clients on Monday, after having correctly predicted BTC’s first-quarter rally to $70,000.

The Chicago Mercantile Exchange (CME) FedWatch tool showed a nearly 30% chance of the Fed cutting rates by 50 basis points to the 4.75%-5% range next week.

“The probability of a 50 basis point cut is only 29%, which is in contrast to our view and the prevailing consensus. There are increasing voices saying the Fed is overdue, having failed to detect signs of weakness in the labor market after being caught off guard in July,” Thielen added.
#BTC☀ #Bitcoin❗ #BinanceSquareFamily #BinanceEarnProgram #BinanceHerYerde $BTC

Wall Street Giant VanEck Announces Changes to Its ETF Product Line

VanEck announced today that it plans to close and liquidate its Ethereum Futures ETF (EFUT).

In a post on X, VanEck reported that due to the approval of the Ethereum spot ETP, they have decided to close the Ethereum Futures ETF.

"VanEck continually monitors and evaluates its ETF offerings based on various factors, including performance, liquidity, assets under management, and investor interest, among others. The decision to liquidate the Fund was made based on an analysis of these factors and other operational considerations.
Shareholders of the Fund will be able to sell their shares on the Fund's stock exchange until the close of the market on September 16, 2024 (transaction fees from your broker-dealer may apply). Shares of the Fund will cease trading on the stock exchange after the close of the market on September 16, 2024."

#VanEck #ETH🔥🔥🔥🔥 #ETHETFsApproved #HotTrens #BinanceSquareFamily $ETH

NEIRO, se dispara más de un 110%

La memecoin NEIRO, ha llegado a Binance el Exchange de criptomonedas más grande del mundo.

Binance Futures listará a NEIROETH, con un apalancamiento de hasta 75x el 06-09-2024, a las 14:00 UTC.
#NeiroEthereum #NEIRO #HotTrens #BinanceSquareFamily #BinanceEarnProgram

In a Trump-Backed Crypto Project, Insiders Brace for Unusually Large Token Payouts

The team could get 70% of World Liberty Financial tokens, a significantly higher allocation than normal in a project marketed as a solution to the “rigged” traditional financial system.

World Liberty Financial, the new cryptocurrency lending platform promoted by former US President Donald Trump and his children, is billed as a way to “put the power of finance back into the hands of the people” and a solution to the “rigged” traditional financial system.

A draft of the project’s white paper reveals that the vast majority of the power promised by World Liberty Financial will be concentrated in the hands of a select few members: 70% of WLFI, the project’s “governance” crypto token, will be “held by the founders, team, and service providers.”

The remaining 30%, according to the white paper, will be distributed “via a public sale,” with some of the money raised also going to project insiders, though a portion will be set aside in a treasury “to support the operations of World Liberty Financial.”

A 70% allocation to insiders is unusually high.

Ethereum’s Genesis block reserved a combined 16.6% of ETH for the Ethereum Foundation and early contributors (though co-founder Vitalik Buterin later said they received even less).

The three companies behind Cardano, another popular blockchain project, retained a combined 20% of ADA at launch.

Satoshi Nakamoto, the pseudonymous creator of Bitcoin, is estimated to own just over 5% of the total supply.

When asked, if a 70% allocation to insiders is high? a source who advises early-stage projects replied:
“LMAO. Good joke, Ser.”
World Liberty Financial has not yet finalized its plans, according to a person familiar with the project.
#donaldtrump #BinanceSquareFamily

Japan’s financial regulator mulls taxing cryptocurrencies as financial assets

A change in the regime could result in lower taxes for some cryptocurrency investors.

Japan’s Financial Services Agency said it’s worth considering whether cryptocurrency holdings should be taxed as financial assets rather than income.

“Regarding the tax treatment of crypto asset transactions, it is necessary to consider whether crypto assets should be treated as financial assets that should be the subject of investment for the public,” the agency wrote in a paper examining tax reform on Friday.

Any change could see higher-income cryptocurrency holders pay a lower tax rate. Currently, the country taxes cryptocurrency gains as income, which can be as high as 45% for individuals earning more than 40,000,000 yen ($276,000). Capital gains from sales of securities such as stocks face a flat rate of 20%.

"Cryptoassets are expected to contribute to the expansion of wages and the creation of family assets, but their use by individual investors is currently limited," the report notes.
#BinanceSquareFamily #BinanceEarnProgram #HotTrens #DOGSONBINANCE #BNBChainMemecoins $BTC

Will Vitalik Sell STRK Tokens?

Ethereum co-founder Vitalik Buterin unlocked 1.268 billion STRK from Starknet's LockedTokenGrant contract, worth about $470,000.

Buterin currently holds a total of 2.113 billion STRK, worth about $781,000, which is his most valuable token besides ETH.

It is worth noting that Vitalik Buterin is one of the early investors in StarkNet.

#VitalikButerin #Vitalik #HotTrens #BinanceSquareFamily #BinanceEarnProgram
$STRK