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Powell's speech reflected positively on crypto funds: $533 million arrived
Cryptocurrency funds closed last week with a plus of $533 million. Most of the entries into the funds came after Powell's speech on Friday. The biggest investment, as always, received Bitcoin funds.
Cryptocurrency funds had a net inflow of $533 million last week. This figure pointed to the peak of the last 5 weeks. While Bitcoin funds net invested $543 million, the outflows of $35.7 million in Ether funds also drew attention.
Most of the entries are on Friday
The report, prepared by CoinShares analysts, stated that most of the entries were during and after Powell's speech on Friday. As it is known, Powell, in his speech in the town of Jackson Hole on Friday, gave the message that action would be taken on interest rate cuts in September.
Altcoin funds remained low
The performance of altcoin funds, which has serious inflows in recent weeks, has been low last week. While only 100 thousand dollars entered the Solana funds, LTC funds saw 500 thousand dollars, XRP funds 300 thousand dollars and ADA funds 300 thousand dollars.
An investment of 1.7 million dollars came to the "Short Bitcoin" funds that invested in the fall of Bitcoin.
Exits again in Grayscale...
The leader of the week in Bitcoin spot ETFs was BlackRock again. The IBIT fund was at its far peak at $318 million. The closest fund to it was Fidelity's Wise Origin ETF. The Fidelity fund received an investment of $87 million. On a weekly basis, there were 87 million dollar exits from Grayscale's Bitcoin fund and 118 million dollars from the Ether fund.
#laraxen #LaraxenFamily #Laraxenteam $ADA
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$XRP
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$LTC
Will it moonshot to $0.01 on listing day?
#Dogs
đ đ $DOGS is gearing up for a major milestone with its upcoming listing on Binance, sparking widespread anticipation in the market. Will it moonshot to $0.01 on listing day? Let's break it down:
đ **Potential Price Scenarios:**
1ïžâŁ **Conservative Estimate:** With a market cap projected between $800 million to $1 billion, $DOGS may initially trade between $0.00145 to $0.00182. This suggests a gradual uptrend rather than an immediate moonshot to $0.01.
2ïžâŁ **Ambitious Scenario:** In a more optimistic outlook, if $DOGS debuts at $0.01 with a market cap of $5.17 billion, significant price appreciation could follow. However, sustaining this level depends on market dynamics post-listing.
đ **Factors Driving Price Movement:**
- **Market Sentiment:** Positive sentiment fuels demand and potential price spikes.
- **Community Engagement:** A dedicated community backing $DOGS enhances its stability and growth.
- **Overall Market Conditions:** Trends across the broader cryptocurrency market will also influence $DOGS' trajectory.
Stay tuned as $DOGS prepares to make waves on Binance! đ Are you ready for this exciting chapter in crypto history? Let's watch together and see where the journey takes us! đđ
#DOGS #binancelisting #Cryptocurrency #Moonshot
PEPE Price Eyes $0.00001300
Pepe coin price chart indicates a potential bullish breakout. The PEPE price has moved above a key resistance level and is trading close to the upper Bollinger Band, suggesting upward momentum.
PEPE is likely to find short-term resistance around $0.00000955. Beyond this, 0.00001300 is the next potential target zone if the bullish momentum continues.
The price action trades near the upper band, which typically suggests the market is overbought but also indicates strong bullish momentum. A breakout above the upper band could signal a continuation of the upward trend.
The MACD is above the zero line, and the MACD line (blue) is above the signal line (orange), indicating bullish momentum. The increasing histogram bars suggest that the momentum is gaining strength.
If the Pepe coin price sustains a breakout above $0.00000955 with higher volume and bullish MACD signals, it will justify long-term buying with targets at potentially above $0.00001300. Further extensions will depend on market conditions and the development of new support and resistance levels.
If the Pepe price fails to break above $0.00000955, it may drop to $0.00000811, which now acts as a critical support zone. This level previously served as resistance and is expected to provide a strong base if the price retraces. A drop lower than that may invalidate the current bullish thesis.
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#VOTE US
đ đđĄđąđ§đ đŹ đČđšđź đŹđĄđšđźđ„đ đ€đ§đšđ° đđđšđźđ $BTC đđšđ« đđĄđąđŹ đ°đđđ€ đšđš
This week in Bitcoin, five key factors are shaping the market:
I need your support for 3 more days for voting : [đđčđ¶đ°đž đđČđżđČ đđŒ đ©đŒđđČ](https://app.binance.com/uni-qr/cpro/cryptonexus_btc?l=en&r=274085328&uc=app_square_share_link&us=copylink)
1. Price recovery is underway, with Bitcoin targeting $65,000 as traders watch the monthly close for signs of continued upward momentum.
2. Macroeconomic data, particularly the upcoming PCE index, could influence Federal Reserve policy, impacting Bitcoin's price.
3. Mining difficulty is set to rise again, reflecting the network's resilience and strength.
4. Short-term holders are selling, affecting market sentiment and price dynamics.
5. With these factors in play, expect potential volatility.
#MtGoxRepayments #BinanceLaunchpoolDOGS #PowellAtJacksonHole #CryptoMarketMoves #BlackRockETHOptions
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_âïžđđšBitcoin Mining Pool Update đ_
$BTC $USDC $HOOK đ‎ïžđȘ
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{spot}(USDCUSDT)
{spot}(BTCUSDT)
The Bitcoin mining landscape has seen a significant shift, with DCG's Foundry USA and Bitmain's Antpool emerging as the largest BTC mining pools, controlling a whopping _56.7%_ of the total network hashrate đĄ. This dominance is a result of their substantial mining power and resources đȘ.
_Current Hashrate Distribution đ_
- _Total Bitcoin Network Hashrate_: approximately _651 EH/s_ (Exahashes per second) đ
- _Foundry USA_: contributes _215.79 EH/s_, leading the pack with a _33.1%_ share đ
- _Antpool_: contributes _153.55 EH/s_, a close second with a _23.6%_ share đ„
_Implications đ€_
- _Centralization Concerns_: The concentration of hashrate in two pools raises concerns about centralization and potential vulnerabilities đš
- _Mining Power_: Foundry USA and Antpool's dominance showcases their significant mining power and resources đȘ
- _Network Security_: A higher hashrate contributes to a more secure Bitcoin network, but centralization could be a risk đĄïž
_Importance of Decentralization đ_
- _Decentralization_: A more decentralized hashrate distribution is ideal for network security and resilience đ
- _Competition_: Other mining pools may emerge or grow to challenge Foundry USA and Antpool's dominance, promoting decentralization đïžââïž
_Monitoring the Hashrate Distribution đ_
- _Network Resilience_: A balanced hashrate distribution ensures network resilience and security đĄïž
- _Emerging Pools_: New mining pools may enter the scene, altering the hashrate landscape and promoting decentralization đ
Stay informed about the ever-changing Bitcoin mining landscape! đ
Justin Sun Announces TRON Raising Energy Cap...
TRX Price Shoots
Founder Justin Sun announced that proposal 92 is officially into effect within the Tron community, thereby boosting the energy cap to 120 billion. This development will help to boost transactions for TRX stakers, lower the gas fee, and enhance overall network activity. Sun also praised the community for its efficient execution of the proposal.
The massive spurt in the traffic on the Tron Network last week came on the backdrop of the SunPump frenzy. Justin Sun is also supporting the meme crypto mania with analysts predicting that Tronâs meme coin season could be even greater than what we witnessed on Solana earlier this year.
As a result, the network is already making a few preparations in this direction in order to cater to the huge traffic boost that could come along.
TRX Price Rally Amid Meme Token Frenzy
After a minor pullback over the weekend, the TRX price has surged by 22% over the past week and is currently trading around $0.1653 with a market cap of $14.3 by unseating Cardanoâs ADA again for the tenth spot. This price rally comes amid the surge in the token burns amid the frenzy indicating the growing demand and reducing supply. Sun predicted a further surge in the meme projects launching within the Tron ecosystem.
SUNDOG is currently the largest meme project within the Tron meme ecosystem. As of press time, SUNDOG is trading at 12.46% up at $0.2494 with a market cap of $249 million. Over the past week, the SUNDOG Price is up by a staggering 214%. As of press time, other meme projects launched on SunPump have also gained between 20-60%.
TRX price important breakout above the 2021 high, and now proceeding toward its all-time high levels of $0.20. thereâs still potential upside left for TRX which could push it into a price discovery zone.
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Bitcoin's market dominance has now climbed back above the 57% level, according to data provided by TradingView.
On Aug. 25, it peaked at 57.6%, coming close to reaching a new 2024 peak.
Earlier this month, Bitcoin dominance surged to 57.7% reaching its highest level since April 2021.
Ethereum, the main Bitcoin competitor, has been lagging behind the major cryptocurrency despite the recent launch of spot ETFs in the U.S.
cryptocurrency analyst Tuur Demeester recently predicted that the ETHBTC pair could end up collapsing to as low as 0.03 BTC.
Bitcoin dominance is now up 11% since the start of the year. In March, the leading cryptocurrency reached its current peak, but it has since pared some gains.
Meanwhile, Bitcoin is now back into greed territory after swiftly recovering from a devastating crash that took place earlier this month.
The Fear & Greed indicator shows 55 points out of 100 as of Aug. 26. For comparison, the cryptocurrency was in "extreme greed" territory just a few weeks ago following a massive price crash.
Over the past week, Bitcoin spot ETFs attracted a net inflow of $506 million. BlackRock's IBIT accounted for the majority of these inflows with $318 million. The net value of these products now stands at $58.4 billion.
This week, Bitcoin could experience increasing volatility because of the upcoming macro data in the US, including the core PCE index for July.
$BTC #DYOR
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Bitcoin Analysis
âââââ
âȘïžTECHNICAL (H4)
On the H4 timeframe, the price action is respecting its horizontal resistance level marked between $65,472 and $64,558. đ
*The price action is consolidating in a compression phase, struggling to print higher highs, indicating a potential pause or reversal in the upward movement.*đ
âȘïžWRAP-UP (VIP)
On the H1 timeframe, the price action is showing the formation of a double top pattern, đ
with the price currently consolidating above its horizontal support region. đ This suggests potential bearish momentum if the support level is breached.
$BTC
đ $BTC is Moving Sideways đ
As seen clearly in the chart and mentioned in my previous updates, BTC is currently moving sideways. In the recent video update, I advised waiting at least two days for BTC's price to stabilize before making any new trades. This is why no new calls have been given recently.
Today, the US market opens after the weekend, and we need to observe how BTC and the broader crypto markets react. Based on these market conditions, we will determine our trading strategy for the coming days.
At this point, it's too early to take new entries, as there is little movement in most altcoins, with prices either slightly down or moving sideways.
Stay patient and stay informed.
#BTCUpdate #CryptoDailyInsight Trading #MarketAnalysis #Bitcoin #Altcoins #Blockchain #CryptoCommunty munity #Binance #LinkedInCrypto #TradingStrategy
Shiba Inu (SHIB) to Launch DAO Governance as 'Next Step'
Since its launch in 2020, Shiba Inu has become a global phenomenon. For a token that emerged with limited utility, its current state has stunned many top Layer-1 and 2 protocols, as SHIB is ranked the 13th largest digital currency today. SHIB is also accepted by many merchants worldwide, adding a major utility to its existence.
The Next Step: The DAO Governance
Despite its growth thus far, the community needs more say in the development of Shiba Inu. According to the project's marketing lead, Lucie, this will change with the upcoming DAO Governance.
This is the true pathway to the protocol's decentralization moves, where every SHIB holder will have a say in its plans. According to Lucie, two unique councils will be in charge of Shiba Inu's affairs when the DAO Governance is implemented. These include the Charity Council and the Culture & Heritage Council, respectively.
The Charity Council will manage the community's humanitarian projects, while the Culture & Heritage Council will maintain Shiba Inu's ethos. This DAO Governance initiative will add massive value to SHIB, helping the protocol expand its stance as a community-driven project.
While the timeline for the official launch of the SHIB DAO Governance remains unknown, the prospects have sent the community into a frenzy.
Shiba Inu Set To Do More
Shiba Inu has maintained a positive developmental track since the start of the year. Recently, it launched a burn portal to help automatically reduce the supply of SHIB. This deflationary infrastructure came just after the Shibarium hard fork launched monthe hack
The protocol's goal is to fully transition from its meme stage into a project as diverse as any Layer 1 or 2 project. Ultimately, the impact might be felt in its token valuation, which, as of now, is changing hands for $Q.00001495, down marginally by 0.86% in 24 hours.
$SHIB #DYOR
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The DOGS Telegram Foundation's project is well-known, and we are all aware that DOGS has a large community and is a solid project. Those who participated in the DOGS airdrop were able to claim a significant number of DOGS coins with minimal effort and in a short time. This is why most people are interested in holding onto their DOGS coins after the listing, which indicates a positive sentiment towards DOGS. This sentiment could be a key reason for a potential price pump after the coin's listing.
Since this was a free airdrop, a significant number of users who participated in the DOGS airdrop are likely to sell their coins immediately after the listing. This could lead to a price correction from the initial listing price. However, as I mentioned earlier, DOGS is a good project with a large community. After the listing, many holders will continue to hold DOGS, and new investors will enter the market. As a result, the price might drop by 30% to 40% from the listing price and then potentially give a 2-3x profit within two months.
Overall, my plan with DOGS is to suggest to my valued followers and members that after the listing, they could consider selling 50% of their coins. Then, after a 30-50% price drop from the listing gate price, they could use the proceeds from the initial sale to buy back and hold more DOGS coins.
Top 10 Solana Must-Have Tokens in 2024
1. Marinade (MNDE)
Marinade Finance is at the forefront of liquid staking on Solana. It allows users to stake SOL and receive mSOL, a liquid representation of staked SOL that can be used across various DeFi platforms.
2. Raydium ([RAY](https://www.binance.com/en/activity/referral-entry/CPA?fromActivityPage=true&ref=CPA_00SXKU7IO9))
Raydium is a cornerstone of the Solana DeFi ecosystem, functioning as a decentralized exchange (DEX) and automated market maker (AMM).Â
3. Orca (ORCA)
Orca stands out for its user-friendly interface, making decentralized trading on Solana accessible to both beginners and experienced traders.Â
4. Solend (SLND)
Solend is Solanaâs leading decentralized lending and borrowing protocol.
5. Mango Markets (MNGO)
Mango Markets is a decentralized trading platform on Solana offering advanced trading features, including cross-margin trading, perpetual futures, and lending.Â
6. Serum (SRM)
Serum is a decentralized exchange and liquidity infrastructure platform that utilizes Solanaâs high-speed network to provide a seamless trading experience.
7. Jito ([JITO](https://www.binance.com/en/activity/referral-entry/CPA?fromActivityPage=true&ref=CPA_00SXKU7IO9))
Jito is a Solana-based protocol focused on maximizing validator rewards while minimizing the risks associated with Maximum Extractable Value (MEV) exploitation.
8. Drift Protocol (DRIFT)
Drift Protocol is a decentralized derivatives trading platform on Solana that offers perpetual swaps with high leverage.Â
9. Saber (SBR)
Saber is an AMM protocol specializing in stablecoin and wrapped asset swaps on Solana.
10. Tulip Protocol (TULIP)
Tulip Protocol is Solanaâs first yield aggregation platform, designed to optimize yield farming strategies and maximize returns for users.Â
Here is what Nuls is all about..the number one top gainers today with over 70% pump...today Alone:
NULS Token: A Versatile Blockchain Platform
NULS is a blockchain platform designed to be highly customizable and user-friendly. Its primary goal is to provide a foundation for building various decentralized applications (dApps) and blockchain-based solutions.
Key Features of NULS:
* Modularity: The NULS blockchain is built on a modular architecture, allowing for easy customization and integration of different components. This flexibility enables developers to create tailored blockchain solutions for specific use cases.
* Token Creation: NULS provides a simple process for creating new tokens on its platform. This empowers individuals and organizations to issue their own digital assets for various purposes, such as crowdfunding, loyalty programs, or asset tokenization.
* Cross-Chain Interoperability: NULS supports cross-chain interoperability, enabling seamless communication and value transfer between different blockchains. This feature facilitates the creation of decentralized ecosystems and bridges the gap between various blockchain networks.
* Smart Contracts: NULS supports smart contracts, which are self-executing contracts with the terms directly written into code. This allows for automated and transparent transactions, reducing the need for intermediaries.
* Governance: NULS employs a community-driven governance model, where token holders can participate in decision-making processes. This ensures that the platform's development aligns with the needs and preferences of its users.
Use Cases for NULS:
Never be ignorant of what is happening in the crypto space...follow for regular updates.
#BinanceLaunchpoolDOGS #Nuls #TelegramCEO #MtGoxRepayments
$TON $NOT $DOGE @carv_official
đ„đ„đ„ _CARV PROTOCOL: REVOLUTIONIZING DATA MANAGEMENT FOR USERS:
âŠïž Go to my profile cast your today vote get 5$ per vote just few days left âŠïž
đ„đ„đ„ _CARV PROTOCOL: REVOLUTIONIZING DATA MANAGEMENT FOR USERS:
CARV Protocol is a decentralized data management platform that empowers users to take control of their data. By utilizing blockchain technology and AI, CARV Protocol provides a secure, transparent, and user-centric ecosystem. Here's how CARV brings benefits to its users:
*DATA OWNERSHIP*: Users have full control over their data, deciding who can access and use it.
*SECURITY*: Data is encrypted and stored on a decentralized network, ensuring protection from data breaches and cyber attacks.
*TRANSPARENCY*: Users can track data usage and transactions in real-time, ensuring accountability and trust.
*REWARDS*: Users are incentivized with CARV tokens for contributing data, participating in the network, and validating transactions.
*DATA MonetIZATION*: Users can sell their data to organizations, generating revenue and creating a new economic model.
*AI-POWERED INSIGHTS*: CARV's AI engine provides users with valuable insights and predictions, helping them make informed decisions.
*DECENTRALIZED MARKETPLACE*: Users can access a decentralized marketplace for data-driven services and products.
By utilizing CARV Protocol, users can:
- Regain control over their data
- Benefit from data monetization
- Enjoy enhanced security and transparency
- Participate in a decentralized ecosystem
Join the CARV Protocol community today and be part of the data management revolution!
#CARVingTheFutureOfData
#BinanceBlockchainWeek
#BinanceSquareCreatorAward
#CarvProtocol #BinanceLaunchpoolDOGS
@Binance_Angels
đWeekly Crypto News Roundupđą
1. TON Plummets After Telegram CEO's Arrestđž
Toncoin (TON) saw a significant drop of over 14% following the arrest of Telegram CEO Pavel Durov in France. Durov was apprehended due to a warrant issued by France's OFIM, an office focused on preventing violence against minors. The warrant relates to allegations that Durovâs platform, Telegram, has failed to moderate content linked to organized crime, including drug trafficking and distribution of child sexual abuse material. The news caused a sharp sell-off in Toncoin, reflecting market concerns about the potential implications for the platform.
2. Robert F. Kennedy Jr. Ends Independent Presidential Campaign
Robert F. Kennedy Jr. has officially suspended his independent presidential campaign and endorsed Donald Trump for the upcoming U.S. presidential election.
3. Donald Trump Promotes New Family DeFi Projectđșđž
In a surprising move, former President Donald Trump announced a new DeFi project led by his sons, Donald Jr. and Eric Trump, through his social media platform, Truth Social.
4. JPMorgan Sees $74 Billion Opportunity in Bitcoin Mining đČ
JPMorgan has identified a $74 billion opportunity in Bitcoin mining, despite reducing its price targets for key mining companies like CleanSpark and Riot Platforms.
5. DeFi Market Poised for Resurgenceđđ
Decentralized finance (DeFi) is set to make a strong comeback, with predictions that the total value locked (TVL) in the crypto ecosystem could reach an all-time high next year.
6. Russia to Launch Crypto Exchanges for Global Trade đ·đș
Russia is planning to establish crypto exchanges in Moscow and St. Petersburg to facilitate international trade, with a focus on reducing dependency on the U.S. dollar.
7. Former [Binance](https://www.binance.com/en/activity/referral-entry/CPA?fromActivityPage=true&ref=CPA_00SXKU7IO9) CEO CZ Moved to Halfway Houseđ
He has been transferred from a federal prison in California to a halfway house in Long Beach as he nears the end of his sentence.