đ **Crypto News Flash: Bloomberg Taps Polymarket for Election Predictions!** đ
- Bloomberg integrates Polymarket data into its election terminal, per Michael McDonough, Chief Economist for Financial Products.
- Polymarket, a decentralized platform, lets users bet on real-world events using USDC.
- Created in 2020 by Shayne Coplan, Polymarket hit $360M in volume for 2024, with $100M in bets in June alone.
- 88% of Polymarket's volume is from U.S. election bets, totaling $750M for the 2024 Presidential Election.
- Bloomberg's move highlights the growing utility of blockchain in traditional finance.
đŹ What are your thoughts on this integration? Share below! đŹ
**News Flash: Brazil's Supreme Court vs. Elon Musk's X**
Brazil's Supreme Court has issued an ultimatum to Elon Musk's X social media platform: appoint a legal liaison in Brazil by August 29, 2024, or face suspension. This comes after Supreme Court Judge Alexandre de Moraes allegedly threatened X's legal rep in Brazil with arrest.
In response, X announced on August 17 that it would close its operations in Brazil, though the platform remains accessible to Brazilian users.
The tension between Musk and Moraes has been escalating, with Musk accusing Moraes of trying to force censorship on X. Moraes argues that X is spreading misinformation, particularly from supporters of former President Jair Bolsonaro.
This situation highlights the ongoing debate over online censorship and government control, further intensified by recent events like the arrest of Telegram's co-founder in France.
Ethereum ETF Sees $5M Inflows: Top 5 Coins to Watch
As the Ethereum ETF draws a $5 million influx, here are five Ethereum-based cryptocurrencies to consider:
1. Ondo (ONDO): Up 320% this year, ONDO trades at $0.6801. Itâs integral to DeFi through the Ondo DAO, exploring real-world asset tokenization.
2. Shiba Inu (SHIB): With a 182% rise to $0.00001439 over the past year, SHIB benefits from strong trading volumes and strategic burns, despite a recent 1.51% dip.
3. Render (RNDR): Surging 429% to $5.70 this year, Render connects users with GPU power for content creation, driven by growing AI interest.
4. Pepe (PEPE): This meme coin has soared 815% to $0.000008043, with recent price volatility reflecting shifts in trading volumes.
5. Arbitrum (ARB): ARB has grown 2% to $0.53, benefiting from its Layer 2 scaling solutions that enhance Ethereum's scalability and reduce costs.
These coins provide a range of investment opportunities within the Ethereum ecosystem.
Follow for updates, analysis, trends and price prediction. Like and Share. Thanks.
Buy and enjoy. dyor
$PEPE
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$SHIB
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$RENDER
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#TON #DOGSONBINANCE #BNBChainMemecoins #TelegramCEO #Write2Earn!
**Crypto Betting Platform Polymarket Joins Bloomberg Terminal!**
- Bloomberg LP is spicing up its Terminal with election odds data from Polymarket, the crypto betting platform. đČ
- This move highlights the growing role of prediction markets in political analysis and the embrace of Web3 by traditional finance.
- Polymarket, built on the Polygon network, offers transparent onchain data and smart contracts for betting on event outcomes.
- With nearly $760M bet on the US presidential election, Polymarket shows Trump at 50% and Harris at 48%.
- Polymarket faces competition from Solana-based Drift Protocolâs BET platform, which recently surpassed it in daily trading volume.
**Bloomberg Integrates Crypto Betting Data for Election Odds**
Bloomberg LP is now featuring election odds data from Polymarket, a crypto betting platform, on its Terminal, as announced by Michael McDonough, Bloombergâs chief economist for financial products. This move highlights the increasing relevance of prediction markets in political trend analysis and the growing adoption of Web3 by traditional finance.
- **Integration Details**: Polymarket odds for the U.S. presidential election are now available alongside data from other prediction markets like PredictIt.
- **Platform Reach**: Bloomberg Terminal, a leading financial data service, boasts around 350,000 global subscribers.
- **Polymarket**: Built on the Polygon network, it allows users to bet on various event outcomes using transparent onchain data and smart contracts.
- **Market Activity**: Nearly $760 million has been bet on the November 4 U.S. presidential election, with Trump currently having slightly better odds than Harris.
- **Competition**: Polymarket faces competition from platforms like Solana-based Drift Protocolâs BET, which recently surpassed it in daily trading volume.
This integration underscores the blending of traditional financial tools with innovative blockchain-based prediction markets.
US SEC Unveils New Reporting Rules for Investment Funds
The U.S. Securities and Exchange Commission (SEC) is set to introduce new reporting requirements for exchange-traded funds (ETFs) and mutual funds, aiming to enhance market transparency and investor protection. Scheduled for approval today, these changes are poised to shift how funds disclose their portfolios, potentially impacting various sectors, including the burgeoning crypto market.
Key Changes in Reporting Requirements
Under the new rules, ETFs and mutual funds must file detailed portfolio reports monthly instead of quarterly. Reports will be due 30 days after month-end, with data becoming public 30 days later. The changes take effect by November 2025, with smaller funds having until May 2026 to comply.
This move aims to provide investors with more timely and comprehensive insights, fostering better-informed decision-making. The SEC's decision to forego broader changes, such as "swing pricing" measures, reflects the agency's focus on improving liquidity risk management for "open-end" funds, which allow daily share redemptions. The revised rules are designed to clarify asset liquidity classifications and strengthen investor safeguards.
Implications for Bitcoin and Ethereum ETFs
The new rules could significantly impact Bitcoin and Ethereum ETFs, as issuers will also need to adhere to the monthly reporting standards. This change promises to increase transparency in the crypto ETF market, offering investors up-to-date information on assets and market conditions.
For cryptocurrency enthusiasts, the shift towards more frequent reporting may be viewed positively, providing greater visibility into these investment vehicles and potentially supporting continued growth in the sector. As the SEC's stance on digital assets evolves, the impact of these new regulations on the crypto market remains a key area of interest. $BTC $ETH
#ETHETFsApproved #ETFEthereum #ethbeta #EtheruemETF
đŽ Alarming News: Why Isnât My Money Growing?
A lady recently asked why her $28 in Binance wasnât increasing. She had high hopes for Bitcoin but mistakenly assumed that USDT (a stablecoin) would behave the same way. Here's a vital lesson:
Stablecoins like USDT are designed to maintain a stable valueâthey wonât grow in price like Bitcoin or altcoins. While Bitcoin and other cryptocurrencies can soar (or plummet), USDT is built to stay steady. This is great for avoiding volatility, but not for seeing your investment grow.
Ever wondered why your $28 in USDT turned into $20 in your bank account? When you convert crypto to fiat, there are transaction feesâranging from 0.1% to 10%âdepending on the platform and currency. So, the amount you receive will always be a bit less.
These fees and commissions are standard in the crypto worldâno need to worry, itâs all part of the process! Understanding these basics helps you navigate the world of cryptocurrency more confidently. đđ°
#BinanceBasics #CryptoTrading #BullishonNot #Write2Earn!
đđđ Dogecoin Rockets 118% with Massive Whale Activity! đłđłđł
Despite a 6% dip on Monday, $DOGE is back in the spotlight as bullish whale activity takes center stage. According to data from IntoTheBlock, net flow into the wallets of large Dogecoin holders has surged over 118% in just one day, leaping from 67.85 million to 148.36 million tokensâworth a staggering $14.84 million!
This uptick in net flow is a strong signal that big players are loading up on $DOGE. While inflows have dipped slightly, the real game-changer is a significant 45.9% drop in outflows from large wallets, reducing to 111.41 million tokens.
With $DOGE currently trading at $0.10, this spike in on-chain activity could be a precursor to some exciting price volatility. Is this the start of a new bullish trend? Only time will tell, but all eyes are on Dogecoin as it rockets into the future! đđ„
#DogecoinâŹâ© #Write2Earn! #CryptoTrends2024 #BinanceSquare #MemecoinMadness
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**Crypto Bots Dominate March 18 Trading Volume! đ€**
On March 18, decentralized exchanges (DEXs) saw a staggering $9.5 billion in trading volume, with crypto bots making a significant splash. According to DefiLlama and Dune Analytics, bots like BonkBot, Maestro, and Banana Gun traded over $700 million, raking in $5.5 million in fees.
Bots have collectively earned over $220 million in fees and are responsible for $33 billion in lifetime DEX volume. But can human traders outsmart these algorithmic titans? Share your thoughts and strategies in the comments!
#CryptoNews #Blockchain #TradingBots
đ Blum Airdrop Incoming: $BLUM Token to be Listed on 20th September! đ
Big news for the crypto community, especially for those passionate about play-to-earn games! Blum, a rapidly rising P2E crypto game on Telegram, is preparing for a major event.
On September 20th, Blum will distribute its native $BLUM tokens to its dedicated community members, marking a pivotal moment in their journey. In addition to the airdrop, Blum has rolled out a new roadmap to guide and reward its loyal participants.
This announcement has generated huge excitement within the Nigerian crypto community, which has been deeply involved in Blumâs airdrop from the beginning.
Keep an eye out for September 20thâitâs going to be a game-changer! đ
#BlumAirdrop #BLUM #TON #TelegramCEO
1000SATS/USDT Faces Key Resistance
$1000SATS
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The #1000SATS/USDT pair on Binance's 4-hour chart is currently trading around $0.0003172, just below the 200-period moving average (MA) of $0.0002913 and slightly above the Volume Weighted Average Price (VWAP) of $0.0003132. The positioning indicates a mixed trend, with short-term bearish sentiment as the price trades below the 200-MA, yet some stabilization as it hovers around the VWAP.
VWAP is positioned at $0.0003132, suggesting the price has been consolidating near this level. This indicates the market is in a neutral to slightly bullish phase, with the price trading marginally above the VWAP.The Relative Strength Index (RSI) is at 42.66, which is in the lower end of the neutral range, reflecting moderate bearish momentum. The Moving Average Convergence Divergence (MACD) is showing a bearish trend, with the MACD line below the signal line and the histogram in negative territory. This suggests continued bearish momentum unless a reversal signal appears.
Key Levels to Watch:
Resistance Levels: The immediate resistance is around $0.0003504. A breakout above this level could lead to a further rise towards the next resistance zone around $0.0004000.Support Levels: On the downside, the primary support level is around $0.0003017. A break below this level could lead to further declines toward the next support zone near $0.0001907.
The chart indicates a potential double top pattern, which is a bearish reversal pattern. If the price fails to break above the $0.0003504 resistance and drops below $0.0003017, it could confirm the double top, signaling a potential further downside.
Disclaimer: The information provided in this analysis is for educational purposes only and should not be considered financial advice. Cryptocurrency investments are volatile and carry a high risk. Always perform your own research before making any investment decisions. #1000SATSđ„đ„đ„đ„
#6thTrade #BecomeCreator #MarketSentimentToday
This Pepe Investor Made $1.77 Million: Hereâs How Pepe Investorâs Success and Future Performance Predictions
Pepe Investor Makes $1.77 Million
Pepe (PEPE) has been one of the best-performing cryptocurrencies of the last year. Since its launch in April 2023, the frog-themed crypto has rallied by many thousand percent. Investors who got in early have made millions of dollars in profit.
According to data from LookOnChain, one investor made $1.77 million with frog-themed crypto. The crypto analysis firm highlights that the investor spent 200,000 USDC to buy 170 billion PEPE on Oct. 20, 2023. The investor held on to the tokens till July 25, 2024, selling them for $1.97 million. The investorâs holdings had risen by a cool 886%.
How Will the Memecoin Perform in September 2024?
The asset has faced quite a correction in the last few days, falling 0.9% in the weekly charts and 33.6% over the previous month. Although the cryptocurrency has dipped following Bitcoinâs (BTC) march to sub $60,000 levels, it is still up by 2.1% in the daily charts, 0.4% in the 14-day charts, and 834.6% since late August 2023.
According to CoinCodex data, PEPE could hit a new all-time high in September. The platform predicts the asset will hit a new peak of $0.00001749 on Sept. 18, 2024. CoinCodex data suggests that the meme coin will continue rallying throughout September, hitting a peak of $0.00002656 on Sept. 26, 2024.
Impact of Federal Reserveâs Interest Rate Cuts
The positive outlook for PEPE in September could be due to the Federal Reserve announcing its first round of interest rate cuts from next month.
A rate cut could increase investments in risky assets, such as cryptocurrencies. Memecoins, like PEPE, are more dangerous than regular crypto assets and could see an even bigger price spike.
#PEPE_EXPERT #pepeâĄ
#BTCâ #BlackRockETHOptions #CryptoMarketMoves
$PEPE
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ICYMI: Last week, @ournetwork__ dropped their SKALE Mega Issue, featuring several of the top dApps running on SKALE.
Here are some highlights from the report đ
â¶ïž From gaming and AI to DeFi and consumer-focused applications, the SKALE ecosystem has grown to 74 live dApps!
â¶ïž In the past 30 days, @worldofdypians has processed over 22M transactions on SKALE, saving users over $17 Million on gas fees.
â¶ïž For each of the past 6 months, daily average transactions on @ExordeLabs's chain have increased an average of 1,604% year-over-year.
â¶ïž @HavensCompass utilized SKALE's zero-gas fees to onboard over 166k REAL players and process 644k transactions at zero cost. (Over last 30 days)
Full report linked in the replies below đ
The U.S. announced the second quarter real GDP annualized quarterly rate revised value of 3%, expected 2.80%, the previous value of 2.80%. The U.S. second quarter core PCE price index annualized quarterly rate revised value of 2.8%, expected 2.90%, the previous value of 2.90%. The number of initial jobless claims in the U.S. for the week ending August 24 was 231,000, expected 232,000, and the previous value was revised from 232,000 to 233,000.