đ #DWFLabs to Launch Synthetic #stablecoin by Q1 2025! đ°
đ #Dubai -based DWF Labs has announced plans for a synthetic stablecoin, backed by a substantial $500 million investment. Set to launch between late 2024 and early 2025, this new stablecoin aims to compete with established fiat-backed options like $USDC and USDT.
đ Key Features:
âȘïžSupport for Multiple Digital Assets: The stablecoin will offer different annual percentage yields (APY), including about 12% for USDT and 15% for #Bitcoinâ and Ethereum. Altcoins can earn up to 19%.
âȘïžInteroperability: Designed for seamless integration across various DeFi protocols.
âȘïžLiquidity Strategy: The launch is crucial for DWF Labs, which has invested heavily in crypto projects, including meme coins.
#BinanceLaunchpoolHMSTR
{spot}(USDCUSDT)
{spot}(BTCUSDT)
Binance launched pre-market spot trading on September 25, 2024, allowing users to trade "real tokens" in advance before the tokens are officially listed.
Only some Launchpool tokens can be used for pre-sale market trading, and users can trade these tokens before they are officially listed, but there are withdrawal, transfer and deposit restrictions
Source: Wu Blockchain News
#Bitcoinâ Price Target Rises to $78K Following #Chinese Stimulus!đ
Bitcoin is gearing up for a breakout towards $78,000, fueled by technical indicators and China's recent economic stimulus package.đšđł
On September 24, the People's Bank of China (PBOC) announced a $140 billion #liquidity injection by cutting the reserve requirement ratio, aimed at revitalizing its struggling economy.đ°
đ Analyst Jamie Coutts from Real Vision believes this stimulus will positively impact #bitcoinâïž , as central bank liquidity typically boosts demand for cryptocurrencies.
đ Historically, such announcements have led to significant rallies in risk assets like Bitcoin, with prices doubling after past stimulus measures. đ
#BinanceLaunchpoolHMSTR
{spot}(BTCUSDT)
đ°đ· #SouthKorean Officers Used #military Secrets to Buy Cryptocurrency!
Several officers from the South Korean army reportedly used classified military passwords as collateral to secure #Loans for cryptocurrency investments. đ°
đ° Local media, citing the Ministry of Defense, revealed that these active-duty personnel in Chungcheong were unable to obtain funds from #CommercialBanks , leading them to approach private lenders with sensitive military information. đ”ïžââïž
The shared passwords, classified as "third-level secrets," granted access to barracks and other military facilities.
đ Investigations are ongoing, and the officers may face charges under the Military Secret Protection Act. Most of the suspects are in their 20s and 30s. Further details are still under wraps.
#BinanceLaunchpoolHMSTR
đ Crypto Market Overview - September 25th, 2024 đ
Sei leads the top gainers with a remarkable +24.91%, while Nervos Network tops the losers, down -1.98%. đ The Fear & Greed Index is at 59, showing a stronger 'Greed' sentiment. đą
đ„ Trending projects include Shitcoin (SOL), Bitcoin, and Ronin. In today's headlines, BitcoinOS launches BitSNARK ZK verification for enhanced privacy, and Ether.fi thwarts a domain account takeover attempt, confirming user funds are safe. đ
Stay updated with the latest in the crypto space! đ
#CryptoNewss #bitcoinâïž #Blockchain #Altcoins #MarketUpdate
đ Bitcoin Bull Run on the Horizon? đ
Recent on-chain metrics and historical patterns suggest #Bitcoinâ may be gearing up for a significant rally.
đ Key indicators from #CryptoQuant show increased market confidence, with the Fund Flow Ratio and Leverage Ratio trending upward:
âȘïžThe 7-day Simple Moving Average (SMA) of the Fund Flow Ratio is at 0.05, historically marking the end of bear markets.
âȘïžThe 30-day SMA of the Estimated Leverage Ratio is also rising, reflecting growing investor confidence and interest in futures and options.
âȘïž#long-term holders appear to be positioning themselves for potential gains, as indicated by the rise in Binary Coin Days Destroyed.
Historically, #bitcoinâïž tends to break out 154-161 days post-halving, and with 157 days since the last halving, a breakout could be imminent.
đ September has shown unexpected gains, and Bitcoin is now just 14.6% below its previous peak. Keep an eye on the marketâbig moves could be ahead!
#BinanceLaunchpoolHMSTR
{spot}(BTCUSDT)
âïž Analysis Company Reveals: âMiners Stop Selling Their Coins in These Four Cryptocurrenciesâ
Cryptocurrency analytics firm Alphractal has revealed a significant change in minersâ behavior, noting that #Bitcoin , #Litecoin , #Dogecoin , and Bitcoin Cash miners have stopped selling their coins.
This is in stark contrast to their typical strategy of exploiting price fluctuations to stay in business.
According to Alphractal, miners have historically been opportunistic sellers, taking advantage of upward price trends to generate the profits necessary to sustain their mining operations. Last year, Bitcoin miners in particular took advantage of the entire price increase from 2023 to 2024 to sell their BTC holdings. During this period, Bitcoin hash rate saw a dramatic increase due to increased competition among miners, which significantly increased the computational power required for mining. As a result, many miners were forced to sell their coins in order to remain profitable.
However, Alphractal noted that the selling pressure from miners has now almost disappeared. With Bitcoinâs value currently at lower levels and mining profitability under pressure, miners are holding on to their assets rather than selling, signaling a potential decrease in supply entering the market.
This shift in minersâ behavior could impact the broader cryptocurrency market, particularly as it relates to supply and demand dynamics. If selling pressure from miners remains low, it could support higher prices for these digital assets in the near-term, according to analysts.
NOT/USDT Pulls Back After Significant Gains, Still Above MA200
$NOT
{future}(NOTUSDT)
{spot}(NOTUSDT)
Analysis Overview:Current Price: 0.008363 USDT (-0.21%)MA 200: 0.008142 USDT (price is above the 200-period moving average, indicating a long-term bullish trend)VWAP: 0.008431 USDT (price is approaching the VWAP level, which acts as short-term resistance)RSI (Relative Strength Index): 64.58 (close to the overbought zone, indicating strong buying momentum)MACD: The histogram shows positive momentum, with the MACD line above the signal line, indicating the potential for continued bullish movement despite the recent short-term pullback.Analysis:
NOT/USDT has shown bullish movement recently, breaking above the 200-period moving average. This suggests that the longer-term trend remains bullish despite the recent price correction after a significant upward move. The RSI approaching the overbought level indicates strong buying pressure but also suggests a potential short-term retracement if the price fails to break through the resistance near the VWAP.
The MACD supports the bullish momentum, with the histogram remaining positive. However, if the price fails to hold above 0.0084, there is a possibility of a retracement back to the support area around 0.0078.
Key Levels:
Support: 0.0075 USDTResistance: 0.0084 USDT (VWAP) and 0.0090 USDT (next psychological resistance)
Disclaimer: This analysis is for informational purposes only and should not be taken as financial advice. Please conduct your own research before making trading decisions.
#6thTrade #MarketSentimentToday #Market_Update
Technical analysis of top gainers
âĄïž $1MBABYDOGE
{spot}(1MBABYDOGEUSDT)
- Last Price : 0.0025342
- 24h Change: +27.23%
- Analysis: A meme coin thatâs gaining momentum. With a 27% jump, it indicates strong buying pressure, potentially driven by community hype or new developments in the project. Meme coins like this tend to move quickly, so itâs crucial to watch for market sentiment changes.
âĄïž $CELO
{spot}(CELOUSDT)
- Last Price: 0.6620
- 24h Change: +23.37%
- Analysis: CELO, a project focused on mobile DeFi solutions, is seeing a solid upward trend. A 23% rise suggests positive news or adoption in its ecosystem. Look out for any partnerships or updates driving this pump. This move might signal long-term confidence in its mission for global financial inclusion.
âĄïž $SEI
{spot}(SEIUSDT)
- Last Price: 0.4561
- 24h Change: +20.69%
- Analysis: SEIâs 20% gain could be due to fresh interest or developments in its network. As a newer blockchain designed for trading-focused applications, this gain could reflect increased adoption or technological updates. SEI has potential if it continues delivering on its promise of fast, scalable, and decentralized trading.
In summary, all three are showing strong upward momentum, but investors should stay cautious, watching for pullbacks and the overall market conditions before making decisions
#BinanceLaunchpoolHMSTR #CATIonBinance #moonbix #NeiroOnBinance #seićČè”·æ„
đ **Ethereum ETFs: Slow Start, Bright Future?** đ
At the European Blockchain Convention, Bitwise CIO Matt Hougan expressed optimism about spot Ethereum ETFs despite their sluggish debut. Hougan noted Wall Street was still digesting Bitcoin when ETH ETFs launched. He predicts a $20 billion market in a year, despite current $624M net outflows.
đ Ethereum has surged 14% this week, crossing $2,600. Experts foresee a bullish Q4, fueled by potential Fed rate cuts and renewed market optimism.
đŹ What do you think? Will ETH ETFs catch up? Comment below!
HOW TO START TRADING?
Hey friends!
Whether you're a seasoned trader or just starting out, letâs go through the basics of getting into trading.
đ Decide on your approach: Will you be trading futures or using spot trading? I've explained the difference in a previous post. Personally, I focus on futures and share signals for that.
đ Choosing an exchange: Find a reliable exchange that offers futures contracts. I recommend Binance for its robust features, user-friendly interface, and low fees.
đ Funding your account: Deposit funds into your Binance account. You can do this using cryptocurrency or a bank card, as Binance supports multiple funding options.
đ Learning the tools: Familiarize yourself with Binanceâs tools and features. Understand the different types of futures contracts, margin, and liquidity. Iâve shared helpful resources on tools in the channel as well.
đ Market analysis: Study the charts and analyze the market trends. Use my signals to help inform your decisions.
đ Start trading: Open your first position. Begin with a small amount to get comfortable with the process. Iâll provide a guide on how to trade on Binance soon!
đ Monitor and manage risks: Regularly check your positions and adjust them based on market conditions.
Start small and gradually increase your position size as you gain confidence in your skills.
#TraderEducation #BinanceLaunchpoolHMSTR #CATIonBinance #BTCReboundsAfterFOMC #moonbix
Initia, a Web3 startup focusing on a layer-1 blockchain and an interconnected system of layer-2s, has successfully raised $14 million in a Series A round led by Theory Ventures, with participation from Delphi Ventures and Hack VC. Angel investors such as Keone Hon of Monad Labs, Bryan Pellegrino of LayerZero, and Michael Egorov of Curve Finance also joined the round.
The fundraising was structured as a simple agreement for future equity with token warrants, valuing the tokens at $350 million. This brings Initia's total funding to $22.5 million, following a $7.5 million seed round and pre-seed funding.
Initia recently concluded its testnet phase, which saw over 125 million transactions and nearly 3 million unique wallets. The mainnet is expected to launch within the next two months. The company plans to use part of the capital to expand its marketing, business development, and developer relations teams.
Initia's rollups are built using the Cosmos SDK and are compatible with Ethereum Virtual Machine (EVM), Move Virtual Machine (MoveVM), and CosmWasmâs WebAssembly Virtual Machine (WasmVM), offering developers customizable transaction processing.
Co-founder Ezaan âZonâ Mangalji stated, âWe are holistically building a new multi-chain world across the architecture, product, and economic stacks using the Initia L1 and an interwoven system of L2s.â
â ïž Binance User Data Probably Stolen!
đ There are suspicions that data from approximately 12.8 million Binance users has been stolen and disclosed on a dark web forum.
The #Stolen data includes emails, phone numbers, residential addresses, names, and dates of birth. đ
The hacker is selling this information and asking interested #buyers to reach him on #Telegram . đŹ
But clearly, he forgot that Telegram is already under the watchful eye of French intelligence agencies, as #Durov himself reported yesterday that "IP addresses and phone numbers of those who violate our rules can be disclosed to relevant authorities in response to valid legal requests." đ
Representatives of Binance have denied the existence of a leak.
#BinanceLaunchpoolHMSTR
đ Bitcoin sellers are now hiding under their digital rocks! Despite BTC prices being just 15% shy of their all-time highs, sell-side risk is at its lowest since early 2024. đ
CryptoQuant's Axel Adler Jr. reveals that since the $73K peak, potential sellers have dropped to a minimum. The sell-side risk ratio is now below 20,000, a far cry from March's 80,000.
With Bitcoin generating $571M in daily profits vs. $115M in losses, the network is far from dead. đȘ
Feeling bullish? Drop your thoughts in the comments! #Bitcoin #Crypto #DeFi
$RVN
{spot}(RVNUSDT)
{future}(RVNUSDT)
RVN/USDT is trading at 0.01828, reflecting a slight upward movement of 0.88% from previous levels. The price is hovering near the Volume Weighted Average Price (VWAP) of 0.01820, indicating consolidation around this level. The 200-period moving average (MA) is 0.01716, with the price trading above it, which signifies a positive longer-term trend.
Technical Indicators:
Relative Strength Index (RSI): Currently, the RSI is at 55.92, which is within the neutral range but leaning toward bullish momentum. This indicates that while buying pressure is present, there is still room for further upside before entering overbought conditions.MACD (Moving Average Convergence Divergence): The MACD line is at 0.00014, and the signal line is at 0.00013, showing a very slight bullish crossover. However, the histogram remains relatively flat, suggesting that the momentum is weak but turning positive.
Key Support and Resistance Levels:
The price has found support in the 0.01650 to 0.01700 range, as indicated by previous consolidation phases.On the resistance side, the price is attempting to break through the 0.01900 level, which is critical for further bullish movement.
Outlook and Strategy:
Given the current trend and technicals, RVN/USDT may continue to push higher if it can break past the immediate resistance levels. Traders should watch the 0.01900 resistance closely, as a breakout above this could lead to a stronger rally toward the 0.02000 or higher range. However, a failure to breach this level might result in further consolidation or a retest of support near 0.01700.
Disclaimer: This analysis is for informational purposes only and should not be taken as financial advice. Always conduct your own research before making any trading decisions.
#6thTrade #MarketSentimentToday #Market_Update