📰MEDIA: Trump appoints pro-cryptocurrency candidates to key positions in financial agencies!

The newly elected US president Donald Trump, as reported by The Washington Post, is considering appointing pro-cryptocurrency candidates to important positions in the country's financial regulators. This could significantly change the US approach to cryptocurrencies and create a more favorable environment for their development.

According to the source, the Trump administration is actively exploring new personnel and policies aimed at making the US the "crypto capital of the world." Among the candidates being considered for the SEC are figures such as Robinhood's CLO Dan Gallagher, as well as Republicans Hester Peirce and Mark Uyeda, who are already working at the agency.

This could be an important step towards more progressive regulation of cryptocurrencies and strengthening the US position on the international stage in this area.

💛Bitcoin has surpassed silver in market capitalization!

In the last 24 hours, Bitcoin's market capitalization has surged by $170 billion, reaching an impressive level of $1.77 trillion! 💰

This event marks an important milestone and confirms the attractiveness of BTC as an alternative asset.

Thus, Bitcoin has not only strengthened its position in the market but has also become a more valuable asset compared to traditional precious metals like silver. This may indicate a growing interest among investors in cryptocurrencies and their role in portfolio diversification.

It is important to remember that the cryptocurrency market is subject to significant fluctuations, but this growth presents new opportunities for those looking to expand their investments.

👀 SUI has surpassed Aptos

In 2023, everyone called SUI a competitor and killer of Aptos.

🖤 And that moment has come:
▪️ Sui — top-15 by market capitalization;
▪️ Aptos — top-18.
Similar to Bitcoin, SUI sets new ATH almost every day.
In a week, the token has grown by ~60% 🚀
Few remember, but in 2023, it was possible to buy SUI at a price of $0.03 per token through allocation.

🐳MicroStrategy has been increasing its BTC holdings quarterly since Q3 2020.

MicroStrategy regularly purchases bitcoins, making it one of the largest institutional holders of this cryptocurrency.

In its approach, the company emphasizes the importance of crypto assets in modern financial portfolios, which in turn continues to attract attention from other companies and investors.

🇦🇪 UAE abolishes VAT on cryptocurrency transfers and conversions

Recall that there are no taxes on crypto for individuals, and now the policy is being relaxed for crypto businesses.

🇺🇸The SEC has appealed the judge's decision in the case against Ripple Labs.

Earlier, the judge ordered the company to pay a fine of $125 million. The regulator, however, requested a fine of $2 billion.

Ripple has 14 days to file a counterclaim against the SEC.

📊Bitcoin showed the best close of this month since 2012 in September — the asset value increased by 7.11%.

Now we wait for what the historically favorable October will show.

😉 Investors got what they wanted

🔽 The Fed cut the rate by 0.50% at once. Now the market expects another rate cut of 0.50% in November.

The current rally is based on these expectations📈, and there is a risk of its end after the publication of the labor market report. Strong data can scare investors and force them to reduce expectations for further easing of the monetary policy.

‼️ Important report days are October 2 and October 4

🇸🇬Singapore TOKEN2049: Crypto industry players talk about the development of the industry in the next three years

During the panel discussion The Next 3 Years in Crypto, which is taking place as part of the TOKEN2049 conference, Circle CEO Jeremy Allaire, OKX CEO Star Hu and Ethereum co-founder Vitalik Buterin discussed the future of the crypto industry, and also shared interesting moments from their past.

🔷 Buterin said that he was initially unsure where the industry would go, but immediately after the launch of Ethereum, he realized how large-scale the project had potential.

He also noted the need for “healthy” mass adoption of digital assets, emphasizing the accessibility of technology and less focus on expensive NFTs that do not bring real benefits.

🌐 OKX founder shares “embarrassing” moment: In 2017, Buterin offered to list Ethereum, but he refused. Now the project is “the most important blockchain infrastructure,” and OKX is part of it.

💲 Circle CEO Jeremy Allaire emphasized the need for new approaches in the industry to revolutionize stablecoins, especially in the lending space, which he sees as a significant transformation.

🪙 ​#TON LONG

In mid-June, the instrument went into correction from the growing movement.
Also, due to news reasons, the price impulsively went down.
At the moment, the price is recovering. If there is no deterioration in the news plan, then the price will break through the local level.
Then it is very likely to go to the 6.8000 mark. I am opening a long.

🔷Today, the premiere of the documentary "Vitalik: An Ethereum Story" about Vitalik Buterin, which was worked on for more than three years, will take place.

✅Add to the list to watch later.

🇺🇸Fed Summary (09/18/24):

1️⃣The Fed is cutting interest rates by 50 basis points for the first time since 2020, which we have long predicted and have been waiting for;

2️⃣The Fed expects two more rate cuts of 25 basis points in 2024;

3️⃣The Fed has gained "greater confidence" that inflation is moving toward 2%;

4️⃣The Fed will "carefully evaluate incoming data" and assess the outlook based on it;

5️⃣The Fed expects a rate cut of 100 basis points in 2025 and 50 basis points in 2026.

The long-awaited "FOMC reversal" has officially begun, now we are waiting for green candles in our portfolios📊

📊Why is crypto still not perfect? ​​Vitalik Buterin on the key problems

🔷Ethereum co-founder Vitalik Buterin said during his speech at TOKEN2049 that we are no longer at the “too early” stage for cryptocurrencies, but we are still far from full usability.

In 2013, Bitcoin was perceived as a revolution, but it was accepted in a few places in the US. In 2021, you could already buy coffee in Argentina for ETH, for example, through 🔶Binance.

“We use cryptocurrency, but we do not use decentralized technologies. And this is one of the reasons why “crypto as payments” failed.”

Previously, high fees and an inconvenient user experience remained the main barriers. But today the situation is changing for the better - commissions in L2 networks have fallen to almost zero, rollups have become safer, and the transaction time on L2 is about a second.

The system must be decentralized and practical at the same time, Buterin concluded.

🥇 MicroStrategy plans to buy another $BTC — for this, the company will issue bonds for $700 million, and use the proceeds to purchase Bitcoin and partially repay the debt.

These guys want to retain the title of the largest whales among Bitcoin companies🐳

🇳🇴In the Norwegian town of Hadsel, residents sought to close a local mining farm and it was closed🤷

Everything would be fine, but after that, the energy company lost part of its income and compensated for it by sharply raising tariffs by 20% for all residents of the town🙊

The miners are good guys, don't bother them😎

The US crypto industry has donated more than $190 million to the 2024 elections, nearly 13 times more than in 2020.

💰 What's going on with Bitcoin?

#BTC failed to stay above 50 SMA over the weekend, and on the daily 1D timeframe it is rolling back to the ascending trend support line, which formed on September 5 after a local correction.

📊 Also, on the 4H timeframe, a technical figure was formed for Bitcoin: a double top, which worked out and the correction was -2%

What is important on the chart now?

1️⃣Do not break through the current support line, if it is broken, a move to the key liquidity block of $56,000 is possible 🕯

2️⃣Also, additional support is provided by the 50 SMA on the 4H timeframe, which held the level well from September 9-11.

3️⃣On the liquidation map, you can see that the range 56000$ is a very tasty morsel for a major player, since the cumulative volume of liquidations with a maximum X100 leverage will be $3 billion.

📹 In Saturday's video ➡️ HERE I showed this possible scenario and manipulation that BTC can be rocked.

Be prepared for swings this week, especially September 18th - the most important day in the last two years.

P.S. Globally, Bitcoin is preparing for a new phase of growth, and the current corrections are just manipulation to take out extra passengers.

🇺🇸 The most important event of this month

On Wednesday, the Federal Reserve will hold a meeting where the next change in the central bank rate will be decided.

The forecast is in the picture, but in general, there was quite a lot of news in the "positive" direction last week, namely, about inflation.

If the rate is lowered, concrete will continue its upward movement and quite rapidly, in any case, there will be volatility to take out marginalizers.