Boris Johnson unveils Trump's peace plan for Ukraine — politician's column in the Daily Mail It is proposed to return Ukraine to the cordons by December 24, 2022, leaving Crimea under the control of the Russian Federation. Ukraine's accession to the EU and NATO is guaranteed. The Ukrainian army will replace about 70,000 American soldiers on US bases in the EU, which will significantly save US money.
The HARDEST thing about #crypto isn’t making 100x, (Believe it or not) That’s actually the easy bit. How? In a #Bitcoin bull run, Everyone makes money. You all see your portfolio reach new all-time highs. Everyone gets to feel euphoric, Or see how it feels to win for a while. But here’s the catch: The hardest part is selling at a profit. That’s the truth. You see, When everyone starts flexing their profits on Twitter, Or the taxi driver uncle rajinder asks you about crypto , Or even worse, The friend from 2 years ago tells you $BTC is going up, That’s when I will slowly start exiting. I’m prepared.
Matrixport Reports Increase In Fiat To Crypto Inflows
According to Odaily, Matrixport has observed a resurgence in the inflow of fiat currency into the cryptocurrency market. The platform noted that recent increases in daily minting data indicate this trend. Historically, such growth has often been a precursor to bullish market conditions, suggesting a shift of funds from traditional financial markets to the cryptocurrency sector. This change highlights a positive trend, especially considering the relatively subdued minting activity since mid-April.
Hong Kong To Launch First Asia-Pacific Inverse Bitcoin ETF
According to BlockBeats, on July 22, Bloomberg reported that CSOP Asset Management will launch the Asia-Pacific region's first inverse ETF linked to cryptocurrency. The CSOP Bitcoin Futures Daily (-1x) Inverse Product is set to debut on Tuesday morning in Hong Kong, as stated by the company's CEO.
An inverse ETF, also known as a short ETF or bear ETF, is a type of exchange-traded fund that uses leverage investment tools such as stock index futures and swap contracts to achieve a daily return that is the inverse of the target index's performance. This can be at a multiple of -1x, -2x, or even -3x.
🔴 BINANCE BANS OVER 668,060 ACCOUNTS 🔴 In a major move to protect its platform, Binance has banned over 668,060 accounts for exploiting promotional activities meant for retail traders and investors. This action follows the discovery that some users were manipulating mega drops by creating multiple accounts to unfairly accumulate tokens and consolidate rewards.
Binance, known for its strong monitoring capabilities, has swiftly acted to address these manipulative practices. Enhanced monitoring systems are now in place to effectively detect and prevent misuse. Accounts found exploiting platform features have been terminated immediately, ensuring a fair and secure community ecosystem. Additionally, Binance encourages transparency and community involvement by offering rewards for verified reports of misuse.
This initiative highlights Binance's commitment to creating a trustworthy and fair environment for all users. By addressing these practices, Binance aims to maintain the integrity of its promotions and safeguard the interests of genuine traders and investors.
This enforcement reflects Binance's dedication to maintaining fairness, trust, and security on its platform, reinforcing its commitment to responsible engagement in the cryptocurrency space.
Many influencers are pushing the message: "Don't sell; it's just a dip. Selling now means you're weak." They’re facing big losses and using their platforms to influence buying decisions. Remember, they’ve recommended buying Bitcoin at $72,000, then $70,000, then $68,000, and now it’s dropped to $58,000. This pattern is all too familiar.
Key Takeaway: - Don’t follow the herd blindly. Trust your own research (DYOR) and develop a strategy that works for you.
- Influencers who bought in before the major uptrend might still be profitable despite the downturn.
- Plan your entries and exits in advance and avoid falling into FOMO.
Joe Biden Drops Out of US Presidential Race, Replaced By Kamala Harris
President Joe Biden has finally done what the Democrats have been begging him to do for weeks now. He has decided to bow out of the Presidential race and endorse Kamala Harris as his replacement, changing Donald Trump’s opponent, and by extension, probably the Republicans.
Though the reasons are entirely too obvious, Biden still laid them out in his letter. He opened the letter by reiterating that America is the strongest economy in the world.
He praised his efforts like lowering prescription drug costs, expanding healthcare, and caring for veterans. And then also the passing of the first gun safety law in three decades and appointing the first African American woman to the Supreme Court. Biden’s been busy. He’s passed major climate legislation and talked about how America is now a leader on the global stage. He made sure to thank the American people, saying:
“Together, we overcame a once-in-a-century pandemic and the worst economic crisis since the Great Depression.”
But despite these achievements, Biden believes it’s time to step aside. He wrote that: “While it has been my intention to seek reelection, I believe it is in the best interest of my party and the country for me to stand down.”
Biden didn’t forget to express his gratitude. He thanked Kamala for her partnership and the American people for their support. “It has been the greatest honor of my life to serve as your President.”
Biden ended his letter on a hopeful note, saying,
“There is nothing America can’t do – when we do it together.” The president plans to address the nation later this week to talk more about his decision.
For now, he’s focused on wrapping up his term and continuing to serve the country in his remaining time in office. The Democrats haven’t given their two cents on the matter yet.
It remains to be seen what they do and whether the polls move away from Trump a bit or not. Trump, though, reacted to the news by saying, “It will be even easier to beat Kamala Harris.”
Bitcoin(BTC) Surpasses 67,000 USDT with a Narrowed 0.29% Decrease in 24 Hours
On Jul 21, 2024, 18:31 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 67,000 USDT benchmark and is now trading at 67,144.007813 USDT, with a narrowed narrowed 0.29% decrease in 24 hours.
Donald Trump-themed memecoin, MAGA, surged 20% to $7.08 after Elon Musk's mention on X. Musk posted a meme with "Make America Great Again," boosting the coin's visibility.
Impact of Musk’s SupportMusk's indirect endorsement of Trump and his support for a Trump-backed Super PAC spurred market reactions.
Justin Sun, founder of Tron, also praised Trump’s potential for the crypto industry. The entire crypto market, including Bitcoin and Ethereum, saw gains. MAGA's price peaked at $8.27 before stabilizing 16% below its high.
Biden's Potential Exit
Mike Novogratz predicts Joe Biden might exit the race soon, though Biden insists on staying. MAGA Price Predictions
If momentum continues, MAGA could hit $7.12 to $17.48 by 2024’s end, averaging $17.19. For 2025, predictions range from $17.13 to $20.55, with an average of $19.49. Summary
Elon Musk’s influence has significantly boosted MAGA coin. With election buzz, MAGA could reach new heights. Keep an eye on this potential next big thing in crypto.
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BNB Surpasses 600 USDT with a 1.35% Increase in 24 Hours
On Jul 21, 2024, 15:01 PM(UTC). According to Binance Market Data, BNB has crossed the 600 USDT benchmark and is now trading at 600 USDT, with a narrowed 1.35% increase in 24 hours.
1. Develop a Trading Plan Define your trading goals and objectives. Establish clear entry and exit points. Set risk management rules, including stop-loss and take-profit levels.
2. Understand Technical Analysis Learn to read charts and use technical indicators. Identify support and resistance levels. Use trend lines and moving averages to spot trends.
3. Risk Management Never risk more than a small percentage of your trading capital on a single trade. Use stop-loss orders to limit potential losses. Diversify your portfolio to spread risk.
4. Use Leverage Wisely Understand the risks associated with leverage. Use leverage sparingly and only when you are confident in your trade setup.
5. Continuous Learning Stay updated with new trading strategies and techniques.
Attend webinars, read books, and participate in trading communities.
Conclusion
By developing a solid trading plan, staying informed, mastering both technical and fundamental analysis, managing risk effectively, maintaining discipline, and continuously learning, you can increase your chances of becoming a profitable trader. Remember that trading is a skill that takes time and practice to develop.
Chinese Billionaire Convicted of Racketeering and Wire Fraud in US
Chinese Billionaire Convicted of Racketeering and Wire Fraud in US
Exiled Chinese billionaire Guo Wengui, also known as Miles Guo, has been convicted by a U.S. jury on charges including racketeering conspiracy and wire fraud. Guo defrauded followers of over $1 billion, primarily through false investment schemes in cryptocurrency. U.S. Attorney Damian Williams stated that Guo faces decades in prison. His fraudulent activities funded a luxurious lifestyle, including a mansion, a luxury car, and a yacht. Following his arrest in March 2023, the U.S. Department of Justice (DOJ) reported Guo obtained over $262 million via the Himalaya Exchange, a purported cryptocurrency system, and seized $634 million from related accounts. The U.S. Securities and Exchange Commission (SEC) also charged Guo with fraud involving H-coin, falsely claiming it was backed by gold and guaranteeing personal compensation for any losses. Guo’s sentencing is set for Nov. 19, 2024. He has been in prison since his arrest. In 2020, Guo and Stephen Bannon launched the New Federal State of China initiative to overthrow the Chinese government.
Embrace Your Losses: The Key to Smarter Trading Accepting losses is among the toughest yet most crucial challenges in investing and trading. On platforms like Binance Square, you'll often encounter advice urging you to "Hold onto this crypto! It will rebound! Just wait, it will rise again!" This sentiment is particularly common with hyped coins such as $SHIB and $FLOKI. However, it's essential to recognize that those encouraging you to hold may be misguided. They often reassure themselves because they, too, bought in during euphoric market phases and are now facing losses. The belief that "Not sold, not lost" is a dangerous fallacy. If an investment is likely to keep declining, holding onto it just because you're already at a loss is irrational. The market presents numerous other opportunities, and tying up your capital in assets that are losing value prevents you from capitalizing on better prospects. It's akin to refusing a new investment offering a 30% annual return because you're clinging to one with a 10% return that's declining. It's crucial to acknowledge mistakes and take corrective action. Ignore advice to hold onto assets with no future potential. If you foresee a decline in value in the short or medium term, it's wiser to sell. While this may feel like a loss initially, it positions you for greater long-term gains. This is my perspective. Thank you for reading. If you found this helpful, please engage by liking, commenting, and sharing. Your support allows me to continue sharing insights about the crypto market.
Ladies and gentlemen, grab your popcorn! The US national debt is about to hit a jaw-dropping $35 trillion. Yes, you read that right—trillion with a "T"! BlackRock CEO Larry Fink is waving his magic wand, calling for economic growth to save us from this financial black hole. 🕳️✨
The Debt-to-GDP ratio is already over 120%, and if we keep this up, it could balloon to 166% by 2054. That’s like trying to fit an elephant into a Mini Cooper! 🐘🚗 Higher interest payments could soon outpace defense spending. Yet, our political maestros are playing the "ignore it and it’ll go away" tune. 🎶🙈
Fink’s master plan? Unleash the private sector! He argues that less regulation and more innovation are the keys to turning this Titanic around. 🚢🔑 But wait, there’s more! Both political parties are adding fuel to the fire with their spending sprees and tax cut promises. Trump’s policies added nearly $8 trillion, and Biden’s on a similar path. 🎢💸
As the 2017 tax cuts are set to expire in 2025, brace yourselves for potential tax hikes. Trump wants to extend them, adding another $4 to $5 trillion to the debt, while Biden plans to extend cuts for lower earners but hike taxes on billionaires. Either way, it’s a financial rollercoaster! 🎢💰
In conclusion, the US national debt is the elephant in the room that everyone’s ignoring. Larry Fink’s call for growth is a wake-up call, but will our political leaders listen? Stay tuned, folks! 📺🤔
Bitcoin (BTC) Surpasses 67,000 USDT with a 0.61% Increase in 24 Hours
On Jul 21, 2024, 09:53 AM (UTC). According to Binance Market Data, Bitcoin (BTC) has crossed the 67,000 USDT benchmark and is now trading at 67,017.078125 USDT, with a narrowed 0.61% increase in 24 hours.
Rho Markets Resumes Operations After Resolving Oracle Issue
According to BlockBeats, on July 21, Rho Markets announced on social media that it has completed the fund redistribution and the protocol is now officially back online. Previously, on July 20, BlockBeats reported that Rho Markets had nearly recovered all 2203 ETH that were taken by an MEV Bot due to an oracle issue. Rho Markets stated that the vulnerability has been successfully resolved and they are currently reallocating the funds back to the lending pool.
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In Conclusion: Binance isn't just about trading. Explore staking, NFTs, and more. Research, diversify, and watch your earnings soar!
Thanks for your support, and stay savvy on your crypto adventure! 🚀🌟
Bitcoin Price Movements Could Trigger Significant Liquidations
According to BlockBeats, data from Coinglass on July 21 indicates that significant liquidations could occur based on Bitcoin's price movements. If Bitcoin's price rises above $70,000, it is estimated that $1.522 billion in short positions will be liquidated. Conversely, if Bitcoin's price falls to around $64,000, approximately $1.382 billion in long positions are expected to be liquidated.