LIVEFareedAhmed Achakzai
@ProUpdaterofMarket
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"Warning: P2P Scam Alert!
I recently fell victim to a P2P scam and lost 1,000 USDT. Here's what happened: I created a sell ad, and a buyer placed an order. After receiving payment in my bank account, I released the crypto. However, my bank account was soon blocked, and the funds were frozen.
Upon contacting my bank, I discovered that the payment I received was from a fraudulent source. The funds had been transferred from another account, which had received stolen funds. The original owner of the stolen funds filed a complaint, resulting in all associated bank accounts being blocked, including mine.
It's possible that the scammer who paid me filed the complaint after receiving the crypto, hoping to get the funds transferred back to them and keeping the crypto they already received.
Be cautious, and beware of similar scams! #P2PScamAwareness #ScamRiskWarning #ScammerAlert
I recently fell victim to a P2P scam and lost 1,000 USDT. Here's what happened: I created a sell ad, and a buyer placed an order. After receiving payment in my bank account, I released the crypto. However, my bank account was soon blocked, and the funds were frozen.
Upon contacting my bank, I discovered that the payment I received was from a fraudulent source. The funds had been transferred from another account, which had received stolen funds. The original owner of the stolen funds filed a complaint, resulting in all associated bank accounts being blocked, including mine.
It's possible that the scammer who paid me filed the complaint after receiving the crypto, hoping to get the funds transferred back to them and keeping the crypto they already received.
Be cautious, and beware of similar scams! #P2PScamAwareness #ScamRiskWarning #ScammerAlert
"Bitcoin Price: 3 Factors That Could Drive Growth to $100,000
Despite the recent market volatility, Bitcoin is showing signs of recovery, with experts like Robert Kiyosaki and Standard Chartered Bank predicting a price target of $100,000 by the end of 2024.
Current Market Performance:
Bitcoin's price has fluctuated, increasing by 5.47% in the past day to $61,583.24, with a 24-hour trading volume of $31.7 billion and a market capitalization of $1.21 trillion.
Key Factors That Could Drive Bitcoin's Price to $100,000:
1. Bitcoin ETFs: The growing demand for Bitcoin ETFs, particularly in the US and Hong Kong, could lead to increased institutional investment and drive up the price.
2. Bitcoin Halving: Historical trends suggest that Bitcoin's halving events can lead to increased prices due to supply scarcity and sustained demand.
3. Federal Reserve Interest Rates: The Federal Reserve's decision to maintain stable interest rates could boost market confidence and drive investment in high-risk assets like Bitcoin.
Conclusion:
While predictions of Bitcoin reaching $100,000 are promising, market fluctuations can be unpredictable. Industry experts and influential figures continue to offer valuable insights into Bitcoin's potential future price movements.
#Bitcoin #MarketAnalysis #Cryptocurrency"
Despite the recent market volatility, Bitcoin is showing signs of recovery, with experts like Robert Kiyosaki and Standard Chartered Bank predicting a price target of $100,000 by the end of 2024.
Current Market Performance:
Bitcoin's price has fluctuated, increasing by 5.47% in the past day to $61,583.24, with a 24-hour trading volume of $31.7 billion and a market capitalization of $1.21 trillion.
Key Factors That Could Drive Bitcoin's Price to $100,000:
1. Bitcoin ETFs: The growing demand for Bitcoin ETFs, particularly in the US and Hong Kong, could lead to increased institutional investment and drive up the price.
2. Bitcoin Halving: Historical trends suggest that Bitcoin's halving events can lead to increased prices due to supply scarcity and sustained demand.
3. Federal Reserve Interest Rates: The Federal Reserve's decision to maintain stable interest rates could boost market confidence and drive investment in high-risk assets like Bitcoin.
Conclusion:
While predictions of Bitcoin reaching $100,000 are promising, market fluctuations can be unpredictable. Industry experts and influential figures continue to offer valuable insights into Bitcoin's potential future price movements.
#Bitcoin #MarketAnalysis #Cryptocurrency"
"Top 5 Tokens: An Overview and Price Movement Analysis for 2024
1. Ethereum (ETH)
- Market capitalization: $389.2 billion
- Founded by Vitalik Buterin in 2014
- Largest altcoin by market capitalization
- Smart contract platform for decentralized applications (dApps)
- Upcoming upgrade to Ethereum 2.0 for improved scalability and security
1. BNB (BNB)
- Market capitalization: $82.5 billion
- Issued by Binance, the largest cryptocurrency exchange
- Utility token for paying trading fees and participating in token sales
- Burned tokens to reduce supply and increase value
1. Solana (SOL)
- Market capitalization: $79.3 billion
- Founded in 2020 by experienced blockchain developers
- High-performance blockchain with fast transaction times (60,000 TPS)
- Proof-of-stake (PoS) consensus algorithm for energy efficiency
- Growing DeFi ecosystem with lending, borrowing, and yield farming
1. XRP (XRP)
- Market capitalization: $32.0 billion
- Founded in 2012 by Ripple Labs
- Real-time gross settlement system (RTGS) for cross-border payments
- Partnered with banks and financial institutions worldwide
- Fast and low-cost transactions (5 seconds, $0.00001)
1. Dogecoin (DOGE)
- Market capitalization: $26.3 billion
- Founded in 2013 as a joke by Jackson Palmer and Billy Markus
- Meme coin with a large community and charitable efforts
- Fast block time (1 minute) and low transaction fees
This overview provides a brief summary of each token's key features, market capitalization, and unique selling points. The price movement analysis for 2024 will be provided in subsequent updates."#CryptoWatchMay2024
1. Ethereum (ETH)
- Market capitalization: $389.2 billion
- Founded by Vitalik Buterin in 2014
- Largest altcoin by market capitalization
- Smart contract platform for decentralized applications (dApps)
- Upcoming upgrade to Ethereum 2.0 for improved scalability and security
1. BNB (BNB)
- Market capitalization: $82.5 billion
- Issued by Binance, the largest cryptocurrency exchange
- Utility token for paying trading fees and participating in token sales
- Burned tokens to reduce supply and increase value
1. Solana (SOL)
- Market capitalization: $79.3 billion
- Founded in 2020 by experienced blockchain developers
- High-performance blockchain with fast transaction times (60,000 TPS)
- Proof-of-stake (PoS) consensus algorithm for energy efficiency
- Growing DeFi ecosystem with lending, borrowing, and yield farming
1. XRP (XRP)
- Market capitalization: $32.0 billion
- Founded in 2012 by Ripple Labs
- Real-time gross settlement system (RTGS) for cross-border payments
- Partnered with banks and financial institutions worldwide
- Fast and low-cost transactions (5 seconds, $0.00001)
1. Dogecoin (DOGE)
- Market capitalization: $26.3 billion
- Founded in 2013 as a joke by Jackson Palmer and Billy Markus
- Meme coin with a large community and charitable efforts
- Fast block time (1 minute) and low transaction fees
This overview provides a brief summary of each token's key features, market capitalization, and unique selling points. The price movement analysis for 2024 will be provided in subsequent updates."#CryptoWatchMay2024
"BlackRock Predicts Increased Institutional Investment in Bitcoin ETFs
In a recent interview, Robert Mitchnick, BlackRock's Head of Digital Assets, shared his insights on the future of Bitcoin ETFs. He revealed that sovereign wealth funds, pension funds, and endowments are preparing to enter the Bitcoin ETF market, marking a significant shift in the cryptocurrency landscape.
This development could lead to:
- Enhanced market confidence in Bitcoin's stability and long-term value
- Increased market liquidity, making the Bitcoin market more robust
- Broader appeal for Bitcoin, attracting more mainstream and traditional investors
Mitchnick's comments suggest that institutional investors see substantial potential in cryptocurrency, particularly Bitcoin. This could signal a new era of growth and maturity for Bitcoin ETFs, making it an exciting time for investors in the digital currency space.
#BitcoinETF #BlackRock #InstitutionalInvestment #Cryptocurrency"
In a recent interview, Robert Mitchnick, BlackRock's Head of Digital Assets, shared his insights on the future of Bitcoin ETFs. He revealed that sovereign wealth funds, pension funds, and endowments are preparing to enter the Bitcoin ETF market, marking a significant shift in the cryptocurrency landscape.
This development could lead to:
- Enhanced market confidence in Bitcoin's stability and long-term value
- Increased market liquidity, making the Bitcoin market more robust
- Broader appeal for Bitcoin, attracting more mainstream and traditional investors
Mitchnick's comments suggest that institutional investors see substantial potential in cryptocurrency, particularly Bitcoin. This could signal a new era of growth and maturity for Bitcoin ETFs, making it an exciting time for investors in the digital currency space.
#BitcoinETF #BlackRock #InstitutionalInvestment #Cryptocurrency"
"Preparing for a Potential Capitulation Drop in Bitcoin
We are approaching a critical juncture in the Bitcoin market, with a possible capitulation drop on the horizon. This event occurs infrequently, approximately once every several years, and is distinct from regular corrections. If we calculate the average price of Bitcoin's trading range over the past month and a half, we arrive at around $66,600. A 50% capitulation drop would put the price at approximately $33,300.
Historically, May has been a challenging month for cryptocurrency, particularly when prices are at multi-year highs. Bitcoin is currently trading at record levels and has been in a distribution phase for nearly two months. While this phase can last several months, the recent halving event suggests a capitulation drop may occur sooner rather than later.
If this drop occurs, it will mark the beginning of a new phase, wave, and entry point for the bull market. This market is expected to gain momentum in late 2024 and continue strongly throughout 2025, presenting a significant opportunity for investors.
Rather than focusing on short-term price predictions, it's essential to prepare for the potential capitulation drop and the subsequent market shift. Stay tuned for updates as the situation evolves.
#Bitcoin #MarketAnalysis #Cryptocurrency"
We are approaching a critical juncture in the Bitcoin market, with a possible capitulation drop on the horizon. This event occurs infrequently, approximately once every several years, and is distinct from regular corrections. If we calculate the average price of Bitcoin's trading range over the past month and a half, we arrive at around $66,600. A 50% capitulation drop would put the price at approximately $33,300.
Historically, May has been a challenging month for cryptocurrency, particularly when prices are at multi-year highs. Bitcoin is currently trading at record levels and has been in a distribution phase for nearly two months. While this phase can last several months, the recent halving event suggests a capitulation drop may occur sooner rather than later.
If this drop occurs, it will mark the beginning of a new phase, wave, and entry point for the bull market. This market is expected to gain momentum in late 2024 and continue strongly throughout 2025, presenting a significant opportunity for investors.
Rather than focusing on short-term price predictions, it's essential to prepare for the potential capitulation drop and the subsequent market shift. Stay tuned for updates as the situation evolves.
#Bitcoin #MarketAnalysis #Cryptocurrency"
"Bitcoin's Recent Pullbacks: A Historical Perspective
As of now, Bitcoin has experienced several pullbacks since the 2022 bear market bottom. Here's a list of these pullbacks:
- -23% (February 2023)
- -21% (April/May 2023)
- -22% (July/September 2023)
- -21% (January 2024)
- -18% (March 2024)
- -23.6% (April/May 2024)
Notably, the current pullback is the deepest in the cycle, providing valuable context for traders and investors. #Bitcoin #MarketAnalysis #Cryptocurrency"
As of now, Bitcoin has experienced several pullbacks since the 2022 bear market bottom. Here's a list of these pullbacks:
- -23% (February 2023)
- -21% (April/May 2023)
- -22% (July/September 2023)
- -21% (January 2024)
- -18% (March 2024)
- -23.6% (April/May 2024)
Notably, the current pullback is the deepest in the cycle, providing valuable context for traders and investors. #Bitcoin #MarketAnalysis #Cryptocurrency"
"Assessing the Bitcoin Market: A Potential Correction?
Our research team at 10x_Research has been anticipating a significant Bitcoin correction, and many of our subscribers have either closed their long positions or taken short positions. The signs indicate a loss of momentum in the Bitcoin bull market, and the question now is how steep the potential fall will be.
Currently, the average Bitcoin ETF buyer is experiencing losses, making it challenging for institutional investors to justify further capital allocation without an immediate upside catalyst, such as the halving. Even with established names like BlackRock leading the ETF field, portfolio managers may face difficulties in securing risk limits for Bitcoin ETFs.
Our report examines an indicator that could potentially predict lower Bitcoin prices. While we hope this indicator is incorrect, it's essential to consider the possibilities and stay informed.
#Bitcoin #MarketAnalysis #Cryptocurrency"
Our research team at 10x_Research has been anticipating a significant Bitcoin correction, and many of our subscribers have either closed their long positions or taken short positions. The signs indicate a loss of momentum in the Bitcoin bull market, and the question now is how steep the potential fall will be.
Currently, the average Bitcoin ETF buyer is experiencing losses, making it challenging for institutional investors to justify further capital allocation without an immediate upside catalyst, such as the halving. Even with established names like BlackRock leading the ETF field, portfolio managers may face difficulties in securing risk limits for Bitcoin ETFs.
Our report examines an indicator that could potentially predict lower Bitcoin prices. While we hope this indicator is incorrect, it's essential to consider the possibilities and stay informed.
#Bitcoin #MarketAnalysis #Cryptocurrency"
"Understanding Cryptocurrency Volatility
Investing in cryptocurrency carries inherent risks. Market fluctuations can result in significant losses, even with top coins like Bitcoin (BTC) and Binance Coin (BNB). No one has control over the market, and manipulation can occur, but it can never be fully controlled.
Satoshi Nakamoto, the largest Bitcoin holder, possesses approximately 1.1 million BTC worth around $50 billion. Coinbase, Binance, Grayscale, and Bitfinex also hold substantial amounts, with Coinbase holding nearly 1 million BTC.
Market volatility can lead to unexpected events, such as a potential sell-off by large holders or exchange exploits, impacting cryptocurrency values. It's essential to understand these risks and invest responsibly.
If you find this information helpful, please support us by liking, sharing, and following. Let's work together to spread awareness about cryptocurrency volatility.#BTC #BinanceLaunchpool #ScamRiskWarning
Investing in cryptocurrency carries inherent risks. Market fluctuations can result in significant losses, even with top coins like Bitcoin (BTC) and Binance Coin (BNB). No one has control over the market, and manipulation can occur, but it can never be fully controlled.
Satoshi Nakamoto, the largest Bitcoin holder, possesses approximately 1.1 million BTC worth around $50 billion. Coinbase, Binance, Grayscale, and Bitfinex also hold substantial amounts, with Coinbase holding nearly 1 million BTC.
Market volatility can lead to unexpected events, such as a potential sell-off by large holders or exchange exploits, impacting cryptocurrency values. It's essential to understand these risks and invest responsibly.
If you find this information helpful, please support us by liking, sharing, and following. Let's work together to spread awareness about cryptocurrency volatility.#BTC #BinanceLaunchpool #ScamRiskWarning
"Bitcoin Investors Await Fed Chairman Powell's Remarks
The cryptocurrency market remains volatile, with sudden declines in Bitcoin and altcoins increasing pressure on investors. Tomorrow, US Federal Reserve Chairman Jerome Powell will speak after the Fed's interest rate decision, and his statements may impact the crypto industry.
According to market experts, Powell may indicate that monetary policy needs more time, and the next move might be a rate cut. The Fed will likely adopt a wait-and-see approach until inflation becomes clearer. Bank of America economists anticipate a slowdown in quantitative tightening due to the US Treasury's reduced monthly redemption limit from $60 billion to $30 billion.
Economists believe Powell is pleased that this year's rate cuts have been largely priced in, and the Fed will likely struggle to control the market. If Fed officials and Chairman Powell avoid making harsh statements tomorrow, the crypto market may experience a partial recovery.
#Bitcoin #FedDecision #MarketAnalysis"
The cryptocurrency market remains volatile, with sudden declines in Bitcoin and altcoins increasing pressure on investors. Tomorrow, US Federal Reserve Chairman Jerome Powell will speak after the Fed's interest rate decision, and his statements may impact the crypto industry.
According to market experts, Powell may indicate that monetary policy needs more time, and the next move might be a rate cut. The Fed will likely adopt a wait-and-see approach until inflation becomes clearer. Bank of America economists anticipate a slowdown in quantitative tightening due to the US Treasury's reduced monthly redemption limit from $60 billion to $30 billion.
Economists believe Powell is pleased that this year's rate cuts have been largely priced in, and the Fed will likely struggle to control the market. If Fed officials and Chairman Powell avoid making harsh statements tomorrow, the crypto market may experience a partial recovery.
#Bitcoin #FedDecision #MarketAnalysis"
"Bitcoin's Decline: Understanding the Key Factors
Bitcoin's recent fall can be attributed to a combination of factors, including the Federal Reserve's expected interest rate decision and Fed Chairman Powell's statements. Market anxiety is building ahead of Powell's remarks, scheduled for today.
Another significant contributor to the decline is the decrease in ETF investments, particularly in Bitcoin ETFs, which have consistently closed in the negative for the past week. This has resulted in a substantial outflow of over $500 million from ETFs in just a few days.
According to Fineqia research analyst Matteo Greco, "The current downward trend can be attributed to profit-taking by investors who entered the market during the 2022 and 2023 crises, as well as ETF investors who witnessed a significant price increase in their shares earlier this year."
From a macro perspective, while the Fed is not expected to change interest rates, investors are growing concerned that the central bank may not cut rates at all this year, potentially impacting interest rate-sensitive assets like cryptocurrencies, emerging market stocks and bonds, and commodities. This concern is driving uncertainty in the market.
The Fed will announce its interest rate decision at 21:00 today, followed by Powell's press conference at 21:30.
#Bitcoin #MarketAnalysis
Bitcoin's recent fall can be attributed to a combination of factors, including the Federal Reserve's expected interest rate decision and Fed Chairman Powell's statements. Market anxiety is building ahead of Powell's remarks, scheduled for today.
Another significant contributor to the decline is the decrease in ETF investments, particularly in Bitcoin ETFs, which have consistently closed in the negative for the past week. This has resulted in a substantial outflow of over $500 million from ETFs in just a few days.
According to Fineqia research analyst Matteo Greco, "The current downward trend can be attributed to profit-taking by investors who entered the market during the 2022 and 2023 crises, as well as ETF investors who witnessed a significant price increase in their shares earlier this year."
From a macro perspective, while the Fed is not expected to change interest rates, investors are growing concerned that the central bank may not cut rates at all this year, potentially impacting interest rate-sensitive assets like cryptocurrencies, emerging market stocks and bonds, and commodities. This concern is driving uncertainty in the market.
The Fed will announce its interest rate decision at 21:00 today, followed by Powell's press conference at 21:30.
#Bitcoin #MarketAnalysis
"Binance Founder Cz's Statement: Embracing a New Phase
Changpeng Zhao, founder and former CEO of Binance, the world's largest cryptocurrency exchange, released a statement after receiving a 4-month prison sentence. In his message, Zhao expressed gratitude for the support and interest shown, noting that the crypto industry has entered a new phase.
Zhao stated: "I appreciate the letters, messages, and support in various forms. Your kindness strengthens me. I will complete my sentence, focus on the next chapter of my life (education), and remain a passive investor and holder in crypto. Our industry has entered a new phase, emphasizing compatibility. The scrutiny Binance faced during this process is a positive sign, and users' funds are safe (SAFU). Let's prioritize user protection!"
#Binance #CZBinance
Changpeng Zhao, founder and former CEO of Binance, the world's largest cryptocurrency exchange, released a statement after receiving a 4-month prison sentence. In his message, Zhao expressed gratitude for the support and interest shown, noting that the crypto industry has entered a new phase.
Zhao stated: "I appreciate the letters, messages, and support in various forms. Your kindness strengthens me. I will complete my sentence, focus on the next chapter of my life (education), and remain a passive investor and holder in crypto. Our industry has entered a new phase, emphasizing compatibility. The scrutiny Binance faced during this process is a positive sign, and users' funds are safe (SAFU). Let's prioritize user protection!"
#Binance #CZBinance
" Solo Bitcoin Miner Strikes Gold!
In a rare occurrence, an individual Bitcoin miner achieved a remarkable feat by solving a block on their own, earning 3.125 bitcoins worth approximately $200,000. This exceptional event has only happened 282 times in Bitcoin's history.
Mining solo is a challenging endeavor, requiring significant computational power. Most miners join pools to combine their resources, but this individual achieved success with a mere 0.02% of the network's total power.
Congratulations to this lucky miner on their impressive achievement! #BitcoinMining #BTC #Bitcoin #Cryptocurrency"
In a rare occurrence, an individual Bitcoin miner achieved a remarkable feat by solving a block on their own, earning 3.125 bitcoins worth approximately $200,000. This exceptional event has only happened 282 times in Bitcoin's history.
Mining solo is a challenging endeavor, requiring significant computational power. Most miners join pools to combine their resources, but this individual achieved success with a mere 0.02% of the network's total power.
Congratulations to this lucky miner on their impressive achievement! #BitcoinMining #BTC #Bitcoin #Cryptocurrency"
"Binance Alert: Beware of False Reward Scams
A new scam has been identified on Binance, targeting users with false promises of significant rewards. Scammers are asking users to send tips on Binance Square in exchange for large amounts of Bitcoin. Unfortunately, many have fallen victim to this scam, resulting in financial losses.
The scammer's post claims that tipping a certain amount will result in a corresponding Bitcoin reward, with a false claim of 410 people already receiving large amounts. However, this is a ruse to trick users into sending tips. Once the scammer receives the tip, they change their username and disappear with the funds.
To protect yourself and others:
- Be cautious of users making unrealistic promises
- Report suspicious posts immediately
- Help keep Binance Square safe and secure
Share your experiences and suggestions on how to prevent these scams. Let's stay vigilant and keep our community safe! #ScamRiskWarning
A new scam has been identified on Binance, targeting users with false promises of significant rewards. Scammers are asking users to send tips on Binance Square in exchange for large amounts of Bitcoin. Unfortunately, many have fallen victim to this scam, resulting in financial losses.
The scammer's post claims that tipping a certain amount will result in a corresponding Bitcoin reward, with a false claim of 410 people already receiving large amounts. However, this is a ruse to trick users into sending tips. Once the scammer receives the tip, they change their username and disappear with the funds.
To protect yourself and others:
- Be cautious of users making unrealistic promises
- Report suspicious posts immediately
- Help keep Binance Square safe and secure
Share your experiences and suggestions on how to prevent these scams. Let's stay vigilant and keep our community safe! #ScamRiskWarning
"Bitcoin (BTC) Looking Bearish Ahead of Monthly Close
With just a few hours left until the monthly closing, Bitcoin's price action appears bearish to me. I anticipate a potential revisit to the $50,000 zone if it closes at current levels or below the green candle. This could be a crucial moment for Bitcoin, considering the upcoming ETF decisions and the Bitcoin halving event. Will it be a bull or bear market? #BitcoinETFs #bitcoinhalving #BullorBear"
With just a few hours left until the monthly closing, Bitcoin's price action appears bearish to me. I anticipate a potential revisit to the $50,000 zone if it closes at current levels or below the green candle. This could be a crucial moment for Bitcoin, considering the upcoming ETF decisions and the Bitcoin halving event. Will it be a bull or bear market? #BitcoinETFs #bitcoinhalving #BullorBear"
"Altcoin Opportunities in May: Binance Coin, Pepe, and Tron
Three altcoins show potential for growth in May: Binance Coin (BNB), Pepe (PEPE), and Tron (TRX).
- Binance Coin (BNB) has strong investor support and may break out above $640, leading to gains.
- Pepe (PEPE), a meme coin, surged 586% in three months and needs to hold above $0.00001000 for continued growth.
- Tron (TRX) avoided a bearish death cross and has room to climb based on its Relative Strength Index (RSI).
Remember to always do your own research (DYOR) and consider your risk tolerance before investing in cryptocurrencies."
Three altcoins show potential for growth in May: Binance Coin (BNB), Pepe (PEPE), and Tron (TRX).
- Binance Coin (BNB) has strong investor support and may break out above $640, leading to gains.
- Pepe (PEPE), a meme coin, surged 586% in three months and needs to hold above $0.00001000 for continued growth.
- Tron (TRX) avoided a bearish death cross and has room to climb based on its Relative Strength Index (RSI).
Remember to always do your own research (DYOR) and consider your risk tolerance before investing in cryptocurrencies."
"Terraform Labs and Do Kwon's Lawyers Contest SEC's Penalty
Lawyers representing Terraform Labs and its co-founder Do Kwon are disputing the fines proposed by the US Securities and Exchange Commission (SEC), arguing for a significantly reduced penalty of around $1 million instead of the proposed $5.3 billion. The SEC's proposal includes $4.7 billion in damages and pre-judgment interest, plus a $420 million fine for Terraform and $100 million for Kwon. However, the defendants' legal team believes these figures are excessive.
In a recent court filing, Terraform and Kwon's lawyers argued for a substantially lower sentence, stating that the court should not grant injunctive relief or damages and should fine Terraform Labs no more than $1 million. This development follows the SEC's charges against Terraform and Kwon in February 2023 regarding issues with the algorithmic stablecoin Terra USD (UST), which suffered a dramatic collapse in May 2022, resulting in losses exceeding $50 billion. A jury has since found both Terraform and Kwon liable for civil fraud, and Judge Jed Rakoff granted summary judgment to the SEC, supporting allegations that Terraform and Kwon offered and sold unregistered securities. Terraform is currently considering its options and next steps in response to the legal proceedings."
Lawyers representing Terraform Labs and its co-founder Do Kwon are disputing the fines proposed by the US Securities and Exchange Commission (SEC), arguing for a significantly reduced penalty of around $1 million instead of the proposed $5.3 billion. The SEC's proposal includes $4.7 billion in damages and pre-judgment interest, plus a $420 million fine for Terraform and $100 million for Kwon. However, the defendants' legal team believes these figures are excessive.
In a recent court filing, Terraform and Kwon's lawyers argued for a substantially lower sentence, stating that the court should not grant injunctive relief or damages and should fine Terraform Labs no more than $1 million. This development follows the SEC's charges against Terraform and Kwon in February 2023 regarding issues with the algorithmic stablecoin Terra USD (UST), which suffered a dramatic collapse in May 2022, resulting in losses exceeding $50 billion. A jury has since found both Terraform and Kwon liable for civil fraud, and Judge Jed Rakoff granted summary judgment to the SEC, supporting allegations that Terraform and Kwon offered and sold unregistered securities. Terraform is currently considering its options and next steps in response to the legal proceedings."
"Bitcoin ETF Launch in Hong Kong: A Surprising Market Reaction!
Contrary to our expectations, the Hong Kong Spot Bitcoin ETF launch has had a bearish impact on the market, causing Bitcoin to dump. This serves as a reminder that whales and institutional investors often have a different perspective and strategy. As I cautioned in my previous post, it's essential to remain cautious and not get overly excited or complacent. I hope you haven't used leverage and have set a stop-loss to protect your assets.
In conversation with some friends in Hong Kong, they shared a positive long-term outlook, emphasizing that this is a marathon, not a sprint. Stay safe, and let's observe how the situation unfolds. - Professor Mende, Founder of BONUZ Project, Dubai UAE. #Bitcoin #ETF #HongKong"
Feel free to ask if you have any other requests!
Contrary to our expectations, the Hong Kong Spot Bitcoin ETF launch has had a bearish impact on the market, causing Bitcoin to dump. This serves as a reminder that whales and institutional investors often have a different perspective and strategy. As I cautioned in my previous post, it's essential to remain cautious and not get overly excited or complacent. I hope you haven't used leverage and have set a stop-loss to protect your assets.
In conversation with some friends in Hong Kong, they shared a positive long-term outlook, emphasizing that this is a marathon, not a sprint. Stay safe, and let's observe how the situation unfolds. - Professor Mende, Founder of BONUZ Project, Dubai UAE. #Bitcoin #ETF #HongKong"
Feel free to ask if you have any other requests!
"Before we dive into those classes, let's first focus on the current situation in the crypto space. This orange line has been tested multiple times, but if it holds again for the second time, it's likely to become a major support zone for the upcoming bull rally. This would form a bullish 'W' pattern, leading to a parabolic upward rally. However, I don't see this happening anytime soon - not this month, and definitely not the next. #Fed #Megadrop #HKETF #BinanceLaunchpool" !
"Crypto Market Update: PEPE, ADA, and ALGT in the Spotlight
The cryptocurrency landscape is abuzz with exciting developments. Pepe Coin (PEPE) is experiencing a significant decline, down over 20% in the past month, currently trading at $0.00000695. Meanwhile, Cardano (ADA) holders are flocking to the presale of Algotech (ALGT) tokens, seeking substantial profits. Algotech, a recently launched project, is gaining traction and attracting investor attention.
Despite the challenges facing Pepe Coin, recent community developments may spark renewed interest and boost its price. Additionally, Binance's expanded support for various cryptocurrencies, including PEPE, is expected to increase trading volume and potentially drive up its value.
As the crypto market continues to evolve, new opportunities emerge for investors. Stay informed and up-to-date on the latest developments in the dynamic world of digital assets."
The cryptocurrency landscape is abuzz with exciting developments. Pepe Coin (PEPE) is experiencing a significant decline, down over 20% in the past month, currently trading at $0.00000695. Meanwhile, Cardano (ADA) holders are flocking to the presale of Algotech (ALGT) tokens, seeking substantial profits. Algotech, a recently launched project, is gaining traction and attracting investor attention.
Despite the challenges facing Pepe Coin, recent community developments may spark renewed interest and boost its price. Additionally, Binance's expanded support for various cryptocurrencies, including PEPE, is expected to increase trading volume and potentially drive up its value.
As the crypto market continues to evolve, new opportunities emerge for investors. Stay informed and up-to-date on the latest developments in the dynamic world of digital assets."
"Shocking News: Bitcoin Investment Plummets After Halving
A startling development has occurred in the cryptocurrency market, as investment in Bitcoin has significantly decreased following the halving event. Prior to the halving, over $4 billion was invested in Bitcoin just two hours before the event, but this figure has steadily declined and now stands at under $1 billion, with current investments totaling around $900 million. This dramatic reduction in investment indicates a lack of confidence in the crypto market, with people seemingly hesitant to invest in cryptocurrencies. This situation is particularly alarming, as it's unprecedented for a cryptocurrency like Bitcoin to have less than $1 billion invested. The evidence suggests a widespread fear and reluctance to invest in crypto, making this a critical moment for the market.#bitcoinhalving
A startling development has occurred in the cryptocurrency market, as investment in Bitcoin has significantly decreased following the halving event. Prior to the halving, over $4 billion was invested in Bitcoin just two hours before the event, but this figure has steadily declined and now stands at under $1 billion, with current investments totaling around $900 million. This dramatic reduction in investment indicates a lack of confidence in the crypto market, with people seemingly hesitant to invest in cryptocurrencies. This situation is particularly alarming, as it's unprecedented for a cryptocurrency like Bitcoin to have less than $1 billion invested. The evidence suggests a widespread fear and reluctance to invest in crypto, making this a critical moment for the market.#bitcoinhalving
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📈Dogecoin to $12? Investor Says This Coin Below $0.10 Will Reach That Price Even Before DOGE Clears $1🦄
Why Dogecoin’s $12 Target Is Far-Fetched
Beyond its popularity and well-known supporters, Dogcoin’s path to $12 is full of challenges. Being a meme-based cryptocurrency, DOGE has sometimes been driven more by social media attention than by inherent technical worth or usefulness. Though its trading volume has stayed strong, there is no obvious market value estimate or use that might drive its price to historically extraordinary levels of $12. Dogecoin battled to top $0.75 even at the height of the 2021 crypto bull run, and it has subsequently settled in lower values. The price of the coin now is somewhat constant, much below past highs. Furthermore, lacking in DeFi and utility-based growth engines driving other cryptocurrencies is Dogecoin. Expecting Dogecoin to hit $12 seems more improbable without these fundamental elements.
Rexas Finance’s Potential to Hit $12 Before Dogecoin Reaches $1
The ambitious project plan and fast presale performance of Rexas Finance make it fit to reach important price benchmarks. Not unusual in the cryptocurrency space, Rexas Finance would have to rise 171-fold from its present $0.07 presale price to reach $12. Rexas Finance is positioned to maintain a steady increase with its utility-orientated approach and outstanding presale numbers. By contrast, dogecoin would have to rise more than six times to get to $1. Given its present price of $0.16 and a 24-hour trading volume devoid of any price movement, Dogecoin’s ascent to $1 looks difficult. With its usability and presale momentum, Rexas Finance is more likely to realize exponential growth that might propel it to double-digit values in the foreseeable future.
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