Golden Cross Forming On The Bitcoin Chart
Titan of Crypto revealed in an X (formerly Twitter) post that a Bitcoin Golden Cross is happening. He elaborated that the Golden Cross between the 100-day and 200-day moving averages is unfolding, noting that the crypto market has never witnessed this before. The crypto analyst added that if it is successful, this development could trigger the “most explosive bull run yet.”

Related Reading: Elon Musk Hints At Dogecoin’s Return as Tesla Merchandise Payment After Court Win
Bitcoin 1
Source: X
Based on the chart the crypto analyst shared, a successful Golden Cross could send Bitcoin’s price as high as $120,000. This aligns with predictions made by several crypto analysts, including Mikybull Crypto, who mentioned that between $138,000 and $150,000 were “optimal targets” for Bitcoin in this bull run.

Meanwhile, Titan of Crypto isn’t the only analyst who recently highlighted the Golden Cross forming on Bitcoin’s chart. Crypto analyst Crypto Jelle mentioned in an X post that Bitcoin is forming a weekly Golden Cross for the first time in its history. Like Titan of Crypto, Crypto Jelle also explained that the 100-week moving average is crossing above the 200-week moving average.

The crypto analyst further noted that these crossovers are considered bullish signs in traditional markets and questioned whether they would also be bullish for Bitcoin. Based on the chart the analyst shared, a successful crossover could pave the way for the flagship crypto to rise to $90,000, which will mark a new ATH for the cryptocurrency.

Arthur Hayes outlined a bleak outlook for Bitcoin, suggesting that in the worst case, it may gradually decline to the $50,000 mark. The previously-bullish Hayes is now modifying his forecast, saying that the market will stay bearish in the near term, especially until late September.  ADVERTISEMENT He predicts that Bitcoin will only slightly increase during this time, while altcoins will probably see much larger drops. His logic is based on macroeconomic elements like the U.S. government's spending patterns and the futile tightening policies of the Federal Reserve. According to Hayes, as 10-year Treasury yields approach the risky 5% mark, the bond market will tighten conditions - something the Fed has not done.  BTC/USDT Chart by TradingView This change may put a stop to the current bull run on the stock market and raise questions about the balance sheets of smaller banks, which would put more pressure on riskier assets like Bitcoin. It is noteworthy that Hayes continues to hold a bullish long-term outlook. He has not sold all of his assets, and he may even buy more of a few different cryptocurrencies

Read more on U.Today https://u.today/worst-case-scenario-bitcoin-price-revealed-by-arthur-hayes?utm_source=coingecko&utm_content=coingecko&utm_campaign=coingecko&utm_medium=coingecko&utm_term=coingecko

Rexas Finance (RXS), a pioneer in real-world asset (RWA) tokenization, has just announced the date for its highly anticipated presale, set to begin on September 8th, 2024. With its groundbreaking platform that merges blockchain technology, smart contracts, artificial intelligence (AI), and decentralized finance (DeFi), Rexas Finance is revolutionizing the way assets are managed, owned, and traded. This announcement is sending ripples across the global markets, solidifying Rexas Finance’s leadership in the emerging field of RWA tokenization.

Revolutionizing the World’s Largest Markets with Tokenization

At the core of Rexas Finance’s leadership is its ability to tokenize real-world assets—from real estate and commodities to art and collectibles—giving individuals and institutions seamless access to traditionally illiquid markets. Rexas Finance bridges the gap between the physical and digital economies, unlocking new opportunities for global participation in assets that were once out of reach for the average investor. Real-world asset tokenization is a massive opportunity, and Rexas Finance is poised to lead this revolution. The global real estate market, valued at around $379.7 trillion, and the commodities market, expected to reach $121.2 trillion in 2024, are ripe for disruption. Tokenizing these markets enables anyone to own or trade fractional or full shares of high-value assets, no matter where they are located in the world. For instance, a person in Europe can now purchase fractional shares of real estate in the United States or gold mined in Africa, all with just a few clicks on the Rexas Finance platform. This democratization of asset ownership empowers individuals and opens new doors for institutional investors seeking diversified portfolios. Furthermore, users can tokenize their own assets—be it real estate, art, or intellectual property—and make them available to a global audience.

Rexas Finance Role in Asset Tokenization

Rexas Finance is positioned as a leader in the RWA tokenization space, offering a comprehensive platform that simplifies the process of digitizing real-world assets.

One of the key technological advancements that Rexas Finance leverages is smart contracts—self-executing agreements with the terms of the contract directly written into code. Smart contracts automate the execution of transactions, removing the need for intermediaries like brokers, lawyers, or financial institutions. This not only reduces the costs associated with transactions but also significantly speeds up the process. Artificial intelligence (AI) is another critical component of the Rexas Finance platform, specifically through its Rexas AI Shield feature. As the number of tokenized assets and transactions grows, so does the complexity of managing and securing smart contracts. AI helps to address this challenge by conducting real-time audits of smart contracts to detect vulnerabilities or coding errors that could expose users to risks. The Rexas AI Shield uses advanced algorithms to scan smart contracts for weaknesses and alert users to potential issues before they become problematic. This proactive approach ensures that all contracts on the Rexas platform are secure and free from flaws, providing an added layer of confidence for users. By leveraging AI, Rexas Finance can maintain the highest levels of security, ensuring that users can trust the platform to safeguard their assets. AI also plays a role in optimizing the overall user experience by enabling personalized interactions and recommendations. As Rexas Finance continues to evolve, AI will likely take on an even more significant role in enhancing the platform’s functionality and security.

Artificial intelligence is fueling billions of dollars in losses to scams as criminals clone people’s voices to compromise credit cards and bank accounts.
The classic scam where victims receive a call from a loved one asking for money is far easier with AI, WBTV Cybersecurity expert Thomas Hyslip, who spent two decades in federal law enforcement with the Secret Service and the Department of Defense, says it takes a matter of seconds to create impostor audio.

“Historically they had to manually go out and steal credit cards… Now with AI they can take what they already have and use that to enhance their ability to commit fraud…

Some of them, you can do [in] as many as 30 seconds. You can clone somebody’s voice and then make phone calls or, you know, use it to try to trick voice recognition. Some of the banks now use voice recognition in place of the phone number.”

Big Four accounting firm Deloitte says its base case forecast finds fraud from generative AI will reach $30 billion by 2027, rising from $12.3 billion in 2023.

In a statement to WBTV, the Federal Bureau of Investigation (FBI) urged people to be cautious in allowing personal information to be made public, noting that hackers are now able to take seemingly trivial snippets of video or photos and use them to conduct fraud.

“AI-enabled synthetic audio content is becoming increasingly difficult to detect and easier to make, which will likely allow criminals to potentially conduct successful fraud schemes against families, individuals, businesses, and financial institutions.

The FBI urges the public to exercise caution when posting or direct messaging personal photos, videos, and identifying information on social media, dating apps, and other online sites. Although seemingly innocuous when posted or shared, the images and videos can provide malicious actors an abundant supply of content to find and target victims and exploit for criminal activity.”

Worldcoin (WLD) has demonstrated notable resilience, registering impressive daily and weekly gains on the charts. This, despite being down 9.69% on the monthly charts.

Should this rally persist, WLD can potentially recoup its monthly losses. By doing so, it might reach a trading level it last saw in August.

Price, volume surges indicate that WLD is bullish
Over the last 24 hours, WLD has outperformed several assets, according to CoinMarketCap. In fact, it hiked by 6.36% and secured the 4th position on the gainers’ table.

This growth was accompanied by a significant 99.59% surge in trading volume, totaling $199,208,674.

Source: CoinMarketCap

Simultaneous hikes in both volume and price typically signify strong buying interest and bullish sentiment. This also means investors are optimistic about WLD’s future prospects, with both likely to affect the altcoin’s demand and price.

AMBCrypto also noted another additional positive development for WLD, one that can help it rally.

Development activity on WLD skyrockets
Data from Santiment revealed that development activity for WLD has surged by 4960% over the last 30 days.

A significant hike in development activity is seen as a bullish indicator for the token. This means that the team is actively improving the project by resolving issues and integrating new features.

These enhancements strengthen investor confidence and encourage purchases that positively affect the token’s price.

Source: Santiment

Additionally, there has been a noticeable rise in Open Interest, a metric that measures investors’ commitment to the asset.

Insights from Coinglass indicated a 17.31% uptick in Open Interest for WLD. This can be interpreted as a sign of high retail investor interest in holding the token, instead of selling it.

Technical analysis provides conditions and targets for WLD
On the technical front, WLD recently broke out from an ascending channel. However, at press time, it was retracing.

This pattern typically indicates a bearish trend, suggesting the breakout may be a fake-out. It also seemed to point to the strong possibility of a return movement into the channel, with the price eventually breaking south.

Despite this, prevailing market developments might present two potential scenarios for a rally –

The price could reverse from its current trading position and hit the main target of $1.891. Or, it might drop to the support level at $1.434 before climbing to $1.891.

Source: Trading View

Should the price fall below this support level, WLD is likely to continue its descent to the bottom of the ascending channel.

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Bitcoin
Will Bitcoin's realized price drop to $31K? Levels to monitor
3min Read
Bitcoin has dropped below its 200-day MA for the second time in 2024.
Posted: September 14, 2024>
Gladys Makena
Will Bitcoin's realized price drop to $31500? Levels to monitor
BTC has dropped below its 200-day moving average for the second time, the first being July 2024.
An analyst predicted a drop to BTC’s realized price of $31500.
Bitcoin [BTC], has experienced extreme volatility over the last months. Since hitting a local high of $70016 in July, it has failed to maintain an upward momentum. In fact, over the last month, it has declined by 4.63%.

However, over the past week, BTC has attempted to reverse the trend by increasing by 4.16% weekly. Despite these attempts, it has failed to sustain the momentum.

As of this writing, BTC was trading at $58093. This marked a 0.40% decline over the past day.

Equally, the crypto’s trading volume dropped by 19.90% to $29.7 billion over the past 24 hours.

This market indecision and lack of clear trajectory has left market analysts seeing a further decline before a reversal. Inasmuch, popular Crypto analyst Ali Martinez a drop to its realized price citing its 200-day moving average

Market sentiment
According to his analysis, when Bitcoin trades above its 200-day moving average, it indicated strong returns. However, when it drops below this level, it sets the crypto for a sustained decline.

Source: Ali on X

Therefore, since it has traded below $64000, over the past month, it suggested a potential drop to its realized price of $31500.

In context, when BTC markets trade below the 200-day average, it’s said to be in a downtrend. While, when it trades above the 200-day moving average, it’s considered bullish.

Historically, when BTC falls below its 200-day moving average, prices tend to drop shortly after. First, during the 2016-2017 bull market, BTC fell below the 200-day SMA for three consecutive months.

During the 2018-2019 cycle, it fell below the 200-day MA in mid-2019 before COVID-19 disrupted the pattern. In August 2023, it fell below 200-day MA until October, which was accompanied by a price decline.

Recently, on the 4th of July, BTC dropped by 2% to trade at $57300 thus falling below its 200-day moving average of $58720.

However, when BTC breaks above this trendline prices tend to surge. For instance, in October 2023, when prices broke above the 200-day MA, BTC was trading at $28000.

A breakout from this trendline fueled expectations for ETFs thus paving the way for ATH at $73737. In July when it broke out from the trendline, its prices recovered to $70016.

What Bitcoin charts indicate
Undoubtedly, as Martinez posited, a drop below the 200-day MA indicated a decline, per historical data. But what do other indicators say?

Source: CryptoQuant

For starters, Bitcoin’s long-term holders SOPR has been on a declining channel since the 29th of August. The LTH SOPR has declined from 3.2 to 1.2, indicating bearish sentiment among long-term investors.

This implied they no longer expected BTC to recover, thus selling to avoid further losses.

Such market behavior results in selling pressure, driving prices down.

Source: CryptoQuant

Additionally, Bitcoin’s Fund Flow Ratio has declined over the past month, implying less capital inflow relative to overall trading volume.

This suggested that investors lacked confidence and they were not committing new funds. When investors close their positions, it results in selling pressure, which further pushes prices down.

Read Bitcoin’s [BTC] Price Prediction 2024–2025

Therefore, as Martinez posits, a drop below the 200-day MA implied further decline. Based on current market sentiment, BTC was positioned to decline to $54147 in the short term.

However, a breakout from this trendline will push prices up to $64727.

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Pro-XRP lawyer John Deaton has promised to hold the US Securities and Exchange Commission (SEC) accountable for the $15 billion loss that XRP investors suffered due to the SEC’s Ripple lawsuit. The legal expert, who is contesting against Senator Elizabeth Warren, famous for her anti-crypto stance, intends to fulfill this promise when he gets elected to the Senate. The lawyer has already outlined some of the ways which he intends to hold the Commission accountable.

Bitget
John Deaton Promises To Hold The SEC Accountable
In an X post, The pro-XRP lawyer promised to hold the SEC accountable for the 75,000 small XRP investors he represented in the SEC’s case against Ripple. The legal expert added that he isn’t willing to accept an apology from the Commission. Instead, he plans to hold people at the SEC accountable when he gets to the Senate since Senator Warren won’t do it. Specifically, the lawyer claimed these small investors lost over $15 billion thanks to the “SEC’s misconduct and gross overreach.”

The Senatorial candidate highlighted how the federal court declared that the Commission’s lawyers lacked “faithful allegiance to the law” and were only concerned about winning the suit against Ripple rather than protecting investors, which they are mandated to do. The lawyer also noted how he fought to protect these investors and did it for free.

John Deaton acted as amicus counsel for these investors, considering their interest in the Ripple lawsuit. The lawsuit is believed to have stifled XRP’s price, especially when it was instituted in 2020, just around the time of the 2021 bull market, preventing these investors from enjoying their desired profits from the crypto.

Bitcoin [BTC] miners have recently sold a significant chunk of their holdings, just as mining difficulty hit an all-time high.

This is a critical moment—if miners don’t show confidence in a rebound, it could signal a looming bearish run.

Bitcoin miners are at a crucial juncture
The mining community holds about 9% of Bitcoin’s total supply and is expanding capacity amid record-high mining difficulty.

Historically, miner capitulation—when Bitcoin miners exit due to low profits—often signals local price bottoms during bull markets.

The last time this occurred was on the 5th of July, when BTC fell to $56K after testing the $71K ceiling. Miners exited due to squeezed profit margins, contributing to the price bottom.

Bitcoin miner hash ribbon
Source : Bitcoin Magazine Pro

The chart showed that the 30-day MA is above the 60-day MA, signaling a hash ribbon buy signal. This suggested mass miner capitulation may have ended, indicating miners are staying in despite volatility.However, a prominent analyst noted that Bitcoin miners sold around 30K BTC after BTC briefly topped $58K, likely to lock in strong gains.

Maybe capitulation now signals both market tops and bottoms. The key is to watch who capitulates first.

Falling reserves can signal market top
While the chart above suggested that miners exiting typically occurs at market bottoms, AMBCrypto examined whether approaching a price top could trigger miner exits.

Interestingly, as BTC nears $60K, Bitcoin miners are reducing their reserves, possibly to lock in profits, reinforcing this hypothesis.

Miner reserves are declining
Source : CryptoQuant

As mining difficulty hits an all-time high, many miners might be cashing in on gains to cover their expenses. This could create selling pressure as BTC approaches its next market top.

However, those who can weather the volatility may continue to hold their Bitcoin, as indicated by the buy signal.

Read Bitcoin’s [BTC] Price Prediction 2024–2025

The real concern is if BTC hits a market bottom and fails to hold the $57K range; miner capitulation could intensify.

In this scenario, Bitcoin miners might offload large amounts of BTC, not due to low profits but to mitigate greater losses

Schiff: Bitcoin's journey ends with heavy losses MicroStrategy cofounder Michael Saylor has recently taken to X platform to share his keynote speech at the H.C. Wainwright Annual Global Investment Conference, in which he talked about his transformation from a Bitcoin skeptic to a fervent supporter of the flagship crypto. The speech resonated with many BTC enthusiasts, but not with Peter Schiff, a longtime Bitcoin critic. In response to Saylor's X post, Schiff accused⁠⁠⁠⁠⁠⁠⁠ the MicroStrategy cofounder of misleading his audience with false promises about Bitcoin; the gold bug states that Saylor's portrayal of the "Bitcoin journey" ultimately leads to substantial losses. "In truth, the Bitcoin journey is not quite as he describes. It begins with a sucker and ends with heavy losses," Schiff wrote. He has also challenged Saylor to a debate. "Again Saylor mentions me, but won't debate me," he remarked.

Read more on U.Today https://u.today/bitcoin-journey-ends-with-heavy-losses-peter-schiff-says-sec-signals-that-ethereum-is-not-security?utm_source=coingecko&utm_content=coingecko&utm_campaign=coingecko&utm_medium=coingecko&utm_term=coingecko

Tesla CEO Elon Musk’s artificial intelligence (AI) startup xAI will not be licensing out its technology to the carmaker, Musk noted in an X post on Sunday. His post refuted a Wall Street Journal article published on Sept. 7, which claimed that the two companies owned by Musk had chalked out a deal.

WSJ’s claims
Citing anonymous sources familiar with the matter, the WSJ article claimed that Tesla would use AI models developed by xAI to power its driver assistance software, Full Self-Driving (FSD). As part of the deal, xAI would be entitled to a part of Tesla’s revenue.

Under the arrangement, xAI would also help Tesla develop other features, including a Siri-like voice assistant, the article noted.

According to the article, Tesla and xAI executives have agreed to evenly split revenue generated from FSD, which costs users USD 99 per month.

Musk’s denial
According to Musk, Tesla executives have gained crucial knowledge from xAI engineers that has helped them develop FSD and propel the company toward making cars fully autonomous. However, “there is no need to license anything from xAI,” he noted.

He added:

“The xAI models are gigantic, containing, in compressed form, most of human knowledge, and couldn’t possibly run on the Tesla vehicle inference computer, nor would we want them to.”

Musk said that the Tesla AI models are “incredibly “dense” (in a good way lol) intelligence.” This is because the AI models have to compress and translate videos of roads and real world into driving commands in real-time. At the same time, they have to be small enough to run on a much smaller computer with size and bandwidth restrictions.

Dogecoin [DOGE] saw a spike in social sentiment recently, and its social media engagement has been on the rise too. This could help the price action turn bullish. However, at press time, the sellers’ dominance was too high.

The memecoin retested its July low at $0.09136 as support, with technical analysis showing that further losses may be likely.

Fibonacci extension.levels mark the next target
Dogecoin 1-day Chart
Source: DOGE/USDT on TradingView

The daily chart showed Dogecoin dipping towards the $0.09136 support level once again over the past two weeks. During this time, the downtrend regained its momentum. The RSI, which briefly raised its head above neutral 50, was forced into bearish territory.

The DMI indicator revealed that the -DI (red) and the ADX were both above 20 – Signaling a strong downtrend in progress. The trading volume was low during the attempted price bounce, underlining a lack of conviction in August.

The weekly and the daily structure were starting to align though. And, the Fibonacci extension level at $0.07162 may be the next target for DOGE if $0.09136 gives way.

Clues from exchange netflows and spot markets
Dogecoin Netflows
Source: IntoTheBlock

AMBCrypto looked at the exchange netflow data of the past three months too. Overall, the 35.15 million DOGE outflows over the past month were worth $3.211 million of accumulation. In the grand scheme of things, this value isn’t much for a $13.7 billion market cap asset.

And yet, this came at a time of intense selling pressure, and every little bit of accumulation helps the bullish argument

Musk previously signaled he was ready and willing to serve if Donald Trump is elected president of the United States.Elon Musk may be floating the idea of establishing himself as the head of a new government institution if former United States president Donald Trump claims the Oval Office again in the November 2024 election.

True to form, Musk teased the idea in a meme on the X social media platform featuring a double-entendre referencing both cryptocurrency and politics.

Ethereum has witnessed a drop towards the $2,350 level as on-chain data reveals the whales have been making large exchange inflows recently.
Ethereum Exchange Netflows Have Been Positive Recently
According to data from the market intelligence platform IntoTheBlock, the ETH Exchange Netflow has been positive recently. The “Exchange Netflow” here refers to an on-chain indicator that keeps track of the net amount of Ethereum that’s flowing into or out of the wallets connected to centralized exchanges.
When the value of this metric is positive, it means the investors are depositing a net number of tokens into these platforms. As one of the main reasons holders may transfer their coins to the exchanges is for selling-related purposes, this trend can be bearish for the asset’s price.
Related Reading: Binance Traders Are Aggressively Shorting These Altcoins, Rocket Fuel For Price Surge?
On the other hand, the negative indicator implies that a net amount of BTC is being transferred from exchange-related addresses. Such a trend implies the investors may be planning to hold into the long-term, which can naturally be bullish for the cryptocurrency.
Now, here is a chart that shows the trend in the Ethereum Exchange Netflow over the past month:

The ultimate dog-themed meme coin Dogecoin has seen a major uptick in a key metric. According to data provided by CoinGlass, DOGE has rocketed 87% in trading volume. Despite the impressive increase in trading volume, the DOGE price has dropped 5.20% in the last 24 hours. This past week Dogecoin lost a zero, dipping more than 7% amid negative investor sentiment and stock market correction.

Read more on U.Today https://u.today/dogecoin-doge-skyrockets-87-in-trading-volume?utm_source=coingecko&utm_content=coingecko&utm_campaign=coingecko&utm_medium=coingecko&utm_term=coingecko

Dogs [DOGS] has experienced a downtrend against the U.S. dollar over the past week.

As of press time, DOGS was trading at $0.001056, reflecting a -3.47% decline in the last 24 hours and an -18.37% decrease over the past seven days.

a circulating supply of 520 billion DOGS, the project, at press time, held a market cap of $545,919,186.

The recent downtrend has occurred despite a strong start, as DOGS has been one of the newest additions to the rapidly growing Toncoin ecosyste

If the predicted breakout occurs, this could mark a significant turnaround for the token’s short-term price actio

Technical indicators suggest potential upsi
The press time price of DOGS was $0.0010587, hovering near the middle of the Bollinger Bands. The lower band was at $0.0009783, and the upper band is at $0.0011140, indicating a period of low volatility.

The slight upward movement of 1.04% in the latest 4-hour candle provided early signs of stabilization after recent decline

In addition, the Money Flow Index (MFI) stood at 55.26, suggesting moderate buying pressure without reaching overbought condition

This indicated that there may be room for a price increase in the short term, though a more bullish trend would only be confirmed if the MFI exceeds 75

Source: TradingV

Meanwhile, the Relative Strength Index (RSI) was at 45.72, signaling that the market is near neutral but with slight bearish sentimen

Traders will be watching for the RSI to rise above 50, which could signal a shift towards more buying momentu

Decline in network activity raises concer
According to IntoTheBlock data, on-chain metrics revealed a sharp drop in daily active addresses over the past week

On the 5th of September, active addresses peaked at around 1.05 million, but the 7-day change showed a -33.71% decline

This drop suggested a noticeable decrease in user activity, potentially linked to the recent downtrend in DOGS’ price. .nsm.t.iew. s.s. den.m.

Former President Donald Trump reiterated his support for Bitcoin and the wider crypto industry during a speech at the Economic Club of New York on Sept. 5

During his speech, Trump outlined a broader vision for a “national economic renaissance” and said his economic policies would foster emerging technologies and industries via clear regulations rather than stifling them.

He added:

“We will make America the world capital of crypto and Bitcoin.”

Trump said his administration would eliminate 10 regulations for each new regulation they enact to reduce the bloated federal supervision and promote the growth of industries within US borders.

Trump did not detail the type of rules his administration would enact for crypto during the speech but has previously vowed to ensure that the US would never sell the roughly 200,000 Bitcoin it holds. He also pledged to “fire” SEC chair Gary Gensler on day one of taking office.

Musk to lead efficiency task force
Trump also revealed plans to establish a “government efficiency” commission led by Tesla and SpaceX founder Elon Musk if he wins re-election in November.

The commission would conduct a full financial and performance audit of the federal government, identifying areas of waste and recommending “drastic reforms” to cut inefficiencies. He pledged that the Musk-led panel would eliminate fraud and improper payments within six months of being established.

Trump’s promise to streamline government operations adds a new element to his 2024 campaign platform, which has largely focused on cutting taxes, deregulating energy production, and reducing government spending

On Thursday, the crypto market mirrored the stock market’s downturn ahead of Friday’s anticipated U.S. jobs report. All major U.S. stock indices slipped into the red, with bitcoin (BTC) tumbling 3.6% in the past 24 hours. Meanwhile, gold enjoyed a nearly 1% gain, climbing back above the $2,500 per ounce mark.
Recession Fears Loom as Bitcoin Tumbles and Stock Indices Drop
Concerns about a looming U.S. recession continue to stir unease. By noon on Sept. 5, the Russell 2000, Dow Jones, Nasdaq, and NYSE were all down. Investors are holding their breath for Friday’s jobs report, though signs of economic fragility have been surfacing.
For instance, the U.S. Treasury yield curve has remained inverted for over two years. Additionally, the Sahm Rule—an indicator with a history of predicting recessions—has recently been triggered.

Even with the recent market slump and growing concerns about a recession, there are still those holding out hope for a “soft landing.”
“While incoming data is mixed, it is not collapsing, and the global cutting cycle should help the economy achieve a soft landing, extending the cycle into 2025,” Emmanuel Cau, the head of European equity strategy at Barclays told CNBC.

Elon Musk Will Audit the US Government?
What was first brought up as a suggestion in the conversation between Donald Trump and Elon Musk on X earlier on August 12th might be coming to fruition if the Republican candidate wins the elections.
Today, Trump said that he would establish a ‘government efficiency commission’ that would be headed by Tesla’s boss Elon Musk.
People familiar with the matter have reportedly told Reuters that the former president has not taken this idea lightly and has been discussing it for weeks. Today, however, during his speech to the New York Economic Club, was the first time he had publicly endorsed it.
I will create a government efficiency commision tasked with conducting a complete financial and performance audit of the entire federal government and making recommendations for drastic reform,” he said.
Cutting Corporate Taxes
The United States currently imposes a tax on the profits of US-resident corporations. The rate is 21%, which was reduced from 35% in 2017 by the Tax Cuts and Jobs Act.
Now, Donald Trump says that he will further reduce the corporate tax and make it 15%. However, it’s important to note that this would only apply to companies that are manufacturing domestically.

The Bitcoin crash below $57,000 has sent the entire crypto market into the red, but as always, meme coins have suffered the brunt of it. These meme coins, which have no underlying utility and are driven by pure sentiment and speculation, are incredibly volatile. However, just as they have the propensity to fall sharply, they are more likely to see larger gains when the market begins to recover. So, here are the promising meme coins under $70 million that could be a great buy during the crash.
WOJAK Joins Promising Meme Coins
WOJAK is one of the coins that popped up to leverage the PEPE hype back in 2023. However, where most failed, the WOJAK meme coin was preserved, creating its own fair share of crypto millionaires in the process. Since then, though, the meme coin’s price has fallen with the decline in meme coin participation, leading to an over 76% decline from its all-time high.

Related Reading: Dogecoin Forms ‘Second Low’ That Could Trigger 4,000% Rally Above $4
Nevertheless, the WOJAK coin market cap being below $70 million following the crypto market crash could be good news. It has opened up the possibility for investors to get into the coin at a lower price, thus increasing the profit margins in the event of a rally.
Additionally, the WOJAK coin closely mirrors the price movements of PEPE, which is currently one of the largest meme coins in the market. In this case, it is safe to assume that the better the PEPE price performs, the better the WOJAK price will do.
Neiro On ETH (NEIRO)
Neiro On ETH (NEIRO) is one of the newer meme coins to hit the market that has done well so far in 2024. The meme coin was created after the owner of the legendary Dogecoin’s Kabosu got a new Shiba Inu dog named Nero.