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Scammers are out there, using a sneaky tactic called arbitrage to try and steal your hard-earned crypto. They claim to exploit price differences between exchanges, buying low on one and selling high on another. But hereâs the truth: itâs all a ruse to line their pockets, not yours.
đđšđ° đđĄđđČ đđđđŠ??
These fraudsters often hang out on Telegram, where they spend big on ads to lure you in with free signals and analysis. Once theyâve gained your trust, they pull off the big con. They create flashy websites and convincing videos showing how you can buy $ETH on Binance and sell it for a profit on their fake platform, where, surprise, surprise, the only wallet youâre depositing into is theirs.
đđšđ° đđš đđđđČ đđđđ??
Follow me for insider tips and real advice on navigating the crypto world safely. Iâm here to keep you informed and one step ahead of the scammers. Always remember: crypto prices donât magically differ between exchanges. If someoneâs offering you an arbitrage deal that seems too good to be true, itâs probably a scam.
đđđâđŹ đđ«đšđđđđ đđđđĄ đđđĄđđ«
Letâs band together to stop these scams in their tracks. Support me and spread the wordâletâs build a stronger, safer crypto community where we look out for one another. Your awareness is the best defense against these tricks!
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#MtGoxRepayments #BinanceLaunchpoolDOGS #PowellAtJacksonHole #CryptoMarketMoves #BinanceBlockchainWeek
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Bitcoin Metrics Signal Weak Demand Dynamics, Growth Slows: CryptoQuant
Growth in total holdings of large Bitcoin investors has also slowed from a monthly pace of 6% to 1%.
Bitcoin demand has slowed since early April and dipped into negative territory this month, according to South Korean data firm CryptoQuant.
On Wednesday, Bitcoin is trading at the $60,700 mark and has failed to hit $70,000.
Growth in the total holdings of large Bitcoin investors has also slowed, from a monthly pace of 6% in March to just 1%, notes the research firm.
âThis slowdown in Bitcoin demand coincided with smaller purchases from spot ETFs in the USA. The average daily purchases from Bitcoin spot ETFs in the USA have declined from 12.5K Bitcoin in March, when Bitcoin was trading above $70K, to an average of 1.3K Bitcoin last week,â said CryptoQuant in its weekly note.
Bitcoin Spot ETF Hype Falters in the U.S.
The significant drop in ETF activity is a reflection of the reduced appetite for Bitcoin in the spot market.
The decline in U.S. spot demand has also been reflected in the reduced price premium for Bitcoin on the Coinbase exchange, a leading U.S.-based cryptocurrency exchange. Lower premiums generally suggest that the demand pressure from buyers has weakened, contributing to the stagnation in Bitcoinâs price momentum. $BTC
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#Laraxenteam #laraxen #LaraxenFamily
In a significant political development, Donald Trump has hinted at the possibility of appointing Elon Musk to a Cabinet position if he secures the presidency in 2024. This potential appointment comes on the heels of Musk's public endorsement of Trump and a recent discussion on X Spaces, where they exchanged views.
Trump, in an interview with Reuters on August 19, expressed his openness to considering Musk for a role within his Cabinet or as a top advisor, should he take office in January 2025. However, he did not specify which department Musk might lead, leaving open the possibilities among key sectors like Energy, Transportation, Commerce, and Treasury.
This marks a notable shift in Musk's political stance, as he had not supported Trump in the 2020 election, instead backing former Vice President Joe Biden. However, recent events, including an apparent assassination attempt on Trump, have led Musk to vocally support the former president, even as he critiques current policies under President Biden and Vice President Harris.
Trump's acknowledgment of Muskâs influence and intelligence has been evident, particularly during a rally in July, where he publicly praised Muskâs contribution to the electric vehicle industry, largely attributing his support to Muskâs backing.
Reports have circulated regarding Muskâs financial contributions to Trumpâs campaign, suggesting figures as high as $45 million per month. However, Musk has downplayed these claims, indicating that his financial support would be directed towards a political action committee aligned with Trumpâs campaign, though at a much lower level.
As Trumpâs campaign gears up for the November election, it is clear that support from influential figures like Musk and high-profile donors will play a pivotal role in shaping his bid for the presidency.
#kamalaHarris #donaldtrump #ElonMuskUpdates
#XRP: STILL STRUGGLING TO BREAKTHROUGH? THIS PRICE ACTION IS 98.89% POSSIBLE
If you're looking for an in-depth analysis of XRP, then, you're in the right place.
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Here why.
As we've verified the existence of major selloffs at every key level of XRP 0.5, 0.6, 0.7, 0.8 and so on. More and more rejections happen although the support is becoming sturdier as well. Since XRP has been consolidating for more than 2 years already, we can expect a high anticipated movement soon. Albeit, since almost everyone is anticipating a highly impacting movement, it's safe to assume that there are still possibilities of an opposite expectation to be fulfilled. Let me give you an example. There is a tendency for XRP to have a high price surge, yes that's highly possible but most likely, there will still be both long and short squeezes that will eventually trap traders who aren't doing HODL's, those who are doing high leveraged trades (10x above), especially those who don't set their stop losses. Right after, once the market settles the traps and enough liquidity will be present causing the price to have more gas to use for high price surges. You can always use your critical thinking in order to check every possible scenario that could happen. Stay wise, trade cautiously.
#ADA
Cardano Price Can Rally To $0.4 to $0.45
If This Key Resistance Yields
Spike in Active Addresses Reflect Cardano Price Surge
Data from Santiment shows an increase in active addresses since it hit a yearly low
This date also aligns with the end of the RareEvo blockchain event, where Cardano unveiled its Hydra Layer 2 scaling solution, proving it to be a real contender among highly scalable networks.
This spike in the number of active addresses could signal new users coming in to test the network or new investors jumping in to take advantage of the hype around Hydra and the upcoming Chang hard fork upgrade.
All Ahead Flank for ADA Price After $0.3750
Cardano price defied a classic bearish continuation pattern and broke out to the upside, which suggests the beginning of an uptrend. This strong market performance suggests that ADA price is looking to regain its all-time highs.
The breakout is accompanied by a strong bullish candlestick, a positive signal for continued upward movement. The size of the candlestick indicates strong buying pressure.
ADA is likely to find resistance at $0.3703, where the price is currently testing, and above that, $0.4340, aligned with the upper Bollinger Band and a previous consolidation area.
Additionally, the price of Cardano is currently pushing toward the upper Bollinger Band, indicating that the asset might be entering an overbought condition and that there is strong momentum. A positive Chaikin Money Flow (CMF) value supports this, indicating money inflow into ADA.
Holding or accumulating ADA may work if the bullish trend continues and breaks through the $0.4340 resistance. If the price remains above the $0.3430 level, traders should expect a longer-term target around $0.5000.
However, if the Cardano price fails to breach and maintain above $0.3750, it may show market weakness and could cause it to drop to 0.3067, invalidating the current bullish thesis.
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To get in on the Hamster airdrop, make sure youâre ticking all the boxes:
1. Hold the Right Crypto:Keep a certain amount of the designated cryptocurrency, like HAM, in your wallet to qualify.
2.Stay Connected: Follow Hamsterâs official social media channelsâTwitter, Telegram, and more.
3. Join the Community:Become an active member of Hamsterâs community, whether itâs on Telegram, Discord, or other platforms.
4. Complete the Tasks: Donât forget to finish all the tasks assigned for full eligibility in the airdrop!
#hamsterkombat24 #Hamstercombo #HamsterKombat #voteforBULLISHBANTER #BullBanter
Copper, a leading digital asset custody, collateral management, and prime services provider, has announced the integration of custody and staking support for MINA, the native token of the Mina Protocol. This development, revealed by the Mina Protocol team on Wednesday, marks a significant step in enhancing the security and utility of MINA for its users. However, despite such advancements, the broader market sentiment remains cautious. Regulatory uncertainties and market volatility continue to cast a shadow over the cryptocurrency sector, raising concerns about the sustainability of recent gains.
USDD, the algorithmic stablecoin associated with Justin Sun and the TRON blockchain, has removed around 12,000 bitcoins from its collateral, with no corresponding approval from the DAO.
muaah to governance lol
Justin Sunâs USDD Drops 12,000 BTC Without DAO Approval
The 12,000 BTC previously listed on USDDâs transparency page have been withdrawn from the collateral reserve. The address, 1KVpuCfhftkzJ67ZUegaMuaYey7qni7pPj, holding these assets has been removed from transparency disclosures.
#JustinSun #USDD #Tron #BTCâ
đ **TRON Hits New Revenue High Amid Price Correction!** đ
- **Price Surge & Correction**: TRON (TRX) hit $0.165 on Aug. 21, its highest since April 2021, driven by SunPump meme coin hype. However, it quickly corrected to $0.151 due to profit-taking.
- **Market Cap & Trends**: TRX's market cap is $13.16B, losing the 10th spot to Cardano (ADA). Global crypto market cap rose by 0.7%, hitting $2.23T. Meanwhile, Bitcoin (BTC) surpassed $60K! đ„
- **Revenue Milestone**: TRON's daily revenue soared to $5.33M, a new all-time high, per founder Justin Sun.
- **Holder Insights**: Only 0.48% of TRX holders are at a loss. Most holders enjoy major profits, with 62% holding for over a year.
- **RSI Indicator**: TRX's RSI dropped from 85 to 38, indicating it's oversold. A price surge could be on the horizon!
đŹ What are your thoughts on TRON's performance? Comment below!
Aave Labs announced on Wednesday that Aave V3 is launching on Era, ZKsyncâs first ZK chain. This development signifies a notable advancement in the decentralized finance (DeFi) sector, potentially enhancing transaction efficiency and security through zero-knowledge proofs.
However, the broader market sentiment remains pessimistic. Regulatory scrutiny is intensifying globally, with several jurisdictions tightening their stance on cryptocurrency operations. Additionally, the volatility of major cryptocurrencies continues to undermine investor confidence, casting a shadow over new technological advancements in the space.
Aptos Labs has announced a strategic partnership with Myco, a Web3 streaming platform, integrating it with its layer-1 blockchain. This collaboration aims to leverage blockchain technology to enhance the streaming experience, offering improved security and transparency for users. However, the market remains skeptical about the long-term viability of such integrations, given the current regulatory uncertainties and the volatile nature of the cryptocurrency landscape. The partnership's success will largely depend on how well it can navigate these challenges and deliver tangible benefits to its user base.
đ„đ„đ„ #bitcoinâïž on Track for Six-Figure ATH, Analyst Maintains Target
Bitcoin Eyes New All-Time Highs Amid Market Volatility
CryptoConâs Bold Prediction:
- Despite market fluctuations, analyst CryptoCon is confident that Bitcoin will reach new all-time highs by late 2025. He bases this prediction on his âNovember 28th Cycles Theory,â which suggests that Bitcoin will hit a significant peak around late 2025, potentially reaching six figures. He views the March 2024 high as just the beginning, with the main rally expected in 2025.
Navigating Market Conditions:
- Veteran trader Peter Brandt notes Bitcoinâs uncertain direction, suggesting that a decisive move will depend on breaking key levels like the $74,000 resistance. Both Bitcoin and Ethereum exhibit similar technical patterns, keeping traders in a wait-and-see mode.
Bitcoin Holds Steady Amid Major Transfers:
- Despite recent transfers linked to the defunct Mt. Gox exchange, Bitcoin remains around $60,000. Mt. Gox has moved significant $BTC amounts, including a recent $1.97 billion transfer, with more distributions expected. Bitcoin's price stability amid these transfers hints at resilience in the market.
Source - thecoinrepublic.com
#CryptoMarkets #BinanceSquareTalks #CryptoNewsCommunity