#TerraLunaClassic Ecosystem Tokens Jump
#LUNCâ
price climbed 3% in the last 24 hours and 7% in a week, with the price currently trading at $0.00008557. The 24-hour high and low are $0.00008188 and $0.00008622, respectively. Moreover, the trading volume has increased by 16% in the past 24 hours, indicating a rise in interest among traders.
Coinglass data indicate 1000$LUNC open interest on Binance and #Bybit has jumped more than 5% in the past 24 hours. This indicates that derivatives traders are actively buying the crypto.
Meanwhile, $USTC price climbed more than 2%, with the price now trading at $0.0177. Moreover, the #tradingvolume saw a 72% rise in the last 24 hours. Traders are buying the dip, with an increase of 9% in a week.
#BinanceLaunchpoolHMSTR
{spot}(LUNCUSDT)
{spot}(USTCUSDT)
PAYPAL NOW ALLOWING US BUSINESS ACCOUNTS TO TRADE CRYPTOCURRENCY
PayPal is now allowing U.S. business accounts to trade cryptocurrencies, including Bitcoin and Ethereum, directly from their accounts .
This move is part of PayPal's broader strategy to integrate digital currencies into its platform, providing more flexibility and options for businesses engaging in cryptocurrency transactions .
Key Features:
- Buying, Selling, and Holding Crypto: U.S. merchants can now buy, hold, and sell cryptocurrencies directly from their PayPal business accounts .
- External Transfers: Businesses can transfer cryptocurrencies to external wallets .
- Stablecoin Support: PayPal's stablecoin, PayPal USD (PYUSD), is also available for businesses to use .
Important Notes:
- This service is not available for businesses in New York State at launch .
- Businesses must have a U.S.-based PayPal business account to access these features .
By expanding its cryptocurrency services to businesses, PayPal aims to meet the growing demand from business owners who want to leverage digital assets in their operations
-PayPal Now Allowing US Business Accounts To Trade Crypto-Â
payPal is set to allow U.S. merchants to purchase, hold, and sell cryptocurrency directly through their PayPal business accounts.
PayPal announced this move as part of its strategy to increase cryptocurrencyâs role in everyday transactions for millions of businesses in the U.S. At launch, this service will not be available for businesses in New York.
Since 2020, PayPal and its subsidiary Venmo have allowed consumers to buy, sell, and hold crypto like Bitcoin and Ethereum. Now, the company is extending these capabilities to business account holders, reflecting increased demand from merchants who want the same access to digital assets as consumers.Â
-PayPalâs Crypto Embrace
PayPal business accounts will be able to transfer cryptocurrencies to external wallets, allowing merchants to send and receive digital tokens on blockchain networks.
For those unfamiliar with cryptocurrency, this announcement means that PayPal is making it easier for U.S. merchants and businesses to use digital assets in their operations. Businesses can now handle digital currencies much like traditional currency, with PayPal acting as the bridge between conventional finance and the growing world of cryptocurrency.
In August 2023, PayPal launched its stablecoin, PayPal USD, becoming the first major financial company to do so. PayPal USD debuted on the Ethereum blockchain and is backed by U.S. dollar deposits and short-term Treasuries.
After expanding to Solana, PYUSDâs weekly transaction volume jumped to over $500 million in May, up from $150 million. The total supply of PayPal USD across Solana and Ethereum reached $534 million, with 74% on Ethereum and 25% on Solana.
#PayPal #Bitcoin #ETH #Binance #btc
The 2024 bull run is anticipated to be driven by several key factors:
1. **Bitcoin Halving (April 2024)**: The most significant catalyst is the upcoming Bitcoin halving, which will reduce the block reward from 6.25 BTC to 3.125 BTC. Historically, Bitcoin halvings have led to supply shocks, often followed by bullish price action. This event is expected to push Bitcoinâs price to new all-time highs, with some projections eyeing $100,000 or beyond.
2. **Spot Bitcoin ETF Approvals**: The approval of spot Bitcoin ETFs in major markets (such as the US) has been highly anticipated. These ETFs would allow institutional investors to invest in Bitcoin without holding the underlying asset, likely bringing a massive influx of capital into the market, increasing liquidity, and boosting prices.
3. **Increased Institutional Adoption**: More large institutions are exploring and investing in cryptocurrency. With companies like BlackRock and Fidelity showing interest in Bitcoin, institutional adoption is expected to contribute significantly to the bull run, driving more stability and growth.
4. **Altcoin Season**: As Bitcoinâs dominance peaks, investors are expected to shift capital into altcoins, triggering an altcoin season. Ethereum and other Layer 1 and Layer 2 solutions, alongside tokens in decentralized finance (DeFi), non-fungible tokens (NFTs), and metaverse projects, could see substantial growth.
5. **Global Macroeconomic Factors**: Favorable macroeconomic conditions, such as lower inflation and interest rates, may fuel risk-on investments, leading investors back into high-growth assets like cryptocurrencies.
These factors combined could make 2024 a pivotal year for the crypto space. Investors are closely watching how these elements unfold to maximize potential gains during the bull run.
#TradeEagle75
#Write2Earn!
đđ BIG NEWS đđ
Ripple CEO Brad Garlinghouse has highlighted two major catalysts that could push XRPâs price higher. First, regulatory clarity in the U.S. could remove barriers for adoption. Second, increasing real-world use cases for XRP, especially in cross-border payments, are creating more demand. With these factors in play, could $XRP be set for a breakout? đ„đ
Source: CoinTĂŒrk
Curve Finance Proposal Eyes Reducing TUSD Exposure After SEC Settlement
Curve Finance is evaluating a proposal to reduce its reliance on the stablecoin TUSD following the resolution of U.S. Securities and Exchange Commission (SEC) charges against Trusttoken Inc. and Truecoin LLC, the companies behind the dollar-pegged token.
TUSD Faces Removal From Curve Finance Pegkeeper
The proposal, authored by Wormhole Oracle, suggests slashing the debt ceiling for the TUSD Pegkeeper to zero due to concerns around regulation and solvency, while capping the pyUSD Pegkeeper at $5 million. On Tuesday, the SEC announced it had settled charges with Trusttoken and Truecoin over alleged deceptive practices and misleading claims regarding the stablecoin TUSD.
The Pegkeeperâs debt ceiling controls how much crvUSD can be minted into specific pools. This proposal aims to align debt ceilings with the relative importance of each pool. TUSD has faced criticism for its lack of transparency and instability, concerns that have grown since it was accused of misleading investors.
âUltimately Curve requires a strong diversity of Pegkeepers, but that is another discussion. crvUSD is overexposed to minor stablecoins, especially TUSD which has a dubious track record and has recently been charged by the SEC with defrauding investors,â Wormhole Oracleâs proposal states.
The proposal suggests cutting off exposure to TUSD entirely to safeguard the stability of crvUSD, while exploring other stablecoin options moving forward. âOther Pegkeeper contenders may include USDM,â the proposal highlights. Without admitting or denying the allegations, TUSDâs issuers reached a settlement with the U.S. securities regulator. As of Sept. 25, TUSD continues to trade at its target $1 value, boasting a market cap of $495 million.
#CRV #Binance #Bitcoin #btc #SEC
$5.8 billion wait in Bitcoin: Critical on Friday
The $5.8 billion Bitcoin option expires on Friday. This amount will be one of the most important option closures of 2024. "The price of Bitcoin can be significantly affected," said Deribit CEO Luuk Strijers.
Author Burak Köse
The $5.8 billion options contract will expire on Friday in Deribit, the largest crypto derivatives exchange. It is estimated that this may significantly increase volatility in the cryptocurrency market.
Speaking to The Block, Deribit CEO Luuk Strijers said, âThe option contracts, which will expire at the end of September, are currently the second largest options in Deribit in terms of overall size. On Friday, the value of the expired options may be over 5.8 billion dollars and this situation can create a significant movement and volatility in the market.â said.
According to Strijers, a large amount of Bitcoin options that expire can increase price fluctuations and significantly affect the price of Bitcoin as investors close or extend their positions.
The outlook for both Bitcoin and Ether is positive
Strijers also emphasized that the decline in the buy-to-buy option ratio, which is currently 0.62, is an indicator of the increasing upward trend in the market. The CEO of Deribit stated that this situation, which applies to both Bitcoin and Ether, strengthens the positive outlook, with the fact that buy options for longer-term contracts are more expensive than sell options.
Option contracts give the buyer the right to buy or sell the underlying asset at a specific price on or before a specific date. There are two types of option contracts. The call option gives the right to buy an asset, and the put option gives the right to sell.
đ **Bitcoin-Backed Lending Takes Off!**
- Financial institutions are diving into Bitcoin-backed loans as BTC adoption surges and fiat interest rates tighten.
- Ledn, a leading BTC lending platform, processed $1.16B in crypto loans in H1 2024, with lenders earning over 10% APR.
- Institutional investors have poured billions into BTC ETFs, and now they're eyeing Bitcoin-backed lending.
- The BTC lending market, currently at $8.5B, is projected to hit $45B by 2030.
- Competition heats up with platforms like Arch, Salt, and financial giants like Cantor Fitzgerald joining the fray.
Hold on to your wallets, folks! đž
**Bitcoin-Backed Lending Gains Momentum Amid Institutional Interest**
Bitcoin-backed lending is seeing a surge as major financial institutions dive into the crypto space. Ledn, a leading Bitcoin-backed lending platform, revealed that institutional investors are increasingly focusing on this sector, beyond just Bitcoin ETFs.
- **Institutional Investments**: Billions have flowed into Bitcoin ETFs since U.S. regulators approved them in January.
- **Ledn's Performance**: Ledn processed $1.16 billion in crypto loans in the first half of 2024, with lenders earning over 10% APR.
- **Interest Rates**: Borrowers face rates from 11.4% to 13.4%, depending on the loan type.
- **Market Growth**: The Bitcoin-backed loan market, currently at $8.5 billion, is projected to hit $45 billion by 2030.
With the U.S. central bank cutting short-term interest rates, Bitcoin-backed loans, denominated in fiat but collateralized with BTC, are becoming an attractive option. Ledn competes with platforms like Arch and Salt, and will soon face traditional financial giants like Cantor Fitzgerald. The market also benefits from regulated U.S. crypto custodians, enhancing investor confidence.
NULS Project Case Study - @naboxwallet đĄïž
Nabox, supported by the @Nuls foundation, is a cross-chain DID application designed to streamline asset management across DeFi, GameFi, NFTs, and more. With support for over 60 major blockchains, including NULS as the first, Nabox offers a seamless solution for asset management across different chains
#NULS #Nabox #CrossChain #wallet
**PayPal's Crypto Craze: Business Accounts Now in the Game! đ**
- **Big News**: PayPal announced on Sept. 25 that its Business accounts can now buy, sell, and trade crypto directly.
- **Availability**: This feature is rolling out across the U.S., except for New York (sorry, Big Apple!).
- **Executive Speak**: Jose Fernandez da Ponte, PayPal's VP of blockchain, said this move meets the growing demand from business owners for crypto capabilities.
- **Security**: Merchants can withdraw digital assets to external wallets for added security.
- **Stablecoin Update**: PayPal's PYUSD stablecoin, launched in Aug 2023, is now on Solana for cheaper transactions.
Bitcoin's been on a bit of a snooze fest lately, stuck in a "lengthy consolidation phase," says Glassnode. đ€
- Capital inflows have dropped, and short-term holders (STHs) are feeling the pinch, with many facing unrealized losses.
- Despite this, the losses are less severe than past crashes, like the March 2020 COVID dip.
- New investors are surprisingly chill, showing more confidence than during previous bearish trends.
- Glassnode hints at a potential market reversal, as Bitcoin stays above the STH cost basis of $63,900.
Stay tuned, HODLers! The crypto rollercoaster might just be gearing up again.
đ Big news from PayPal! As of Sept. 25, PayPal Business accounts can now buy, sell, and trade crypto directly from their accounts. This new feature is available across the U.S., except in New York. đœ
Jose Fernandez da Ponte, PayPal's SVP of blockchain, said, "Business owners wanted the same crypto capabilities as consumers. We're thrilled to deliver this, making digital currencies more accessible."
Merchants can also withdraw their digital assets to external wallets for extra security.
What do you think about PayPal's crypto move? Drop your thoughts in the comments! đŹ
đ PEPE: The Time Has Come! đ
PEPE Coin, one of the most popular meme coins, is set for massive growth in this economic cycle! Experts predict that PEPE could increase in value by 10 to 15 times from its current price. Here's why:
đ Favorable Economic Conditions
With the US Federal Reserve cutting interest rates, the economic environment is shifting in favor of riskier assets like cryptocurrencies. Low interest rates typically push investors towards higher volatility assets like Bitcoin and altcoins. In this scenario, PEPE Coin is set to benefit from increased liquidity and market optimism.
đž Why PEPE?
Strong Community: PEPE has an active and engaged community, always backing the coin and driving it forward.
High Volatility: Meme coins thrive in bullish cycles, and PEPEâs history of wild price swings makes it a prime candidate for rapid growth.
Perfect Timing: As investor confidence returns, coins like PEPE stand to benefit the most, with the potential for huge gains in the coming months.
đž Why Now?
With the American economy signaling interest rate cuts, now is a great time to jump into the market. PEPE Coin could be one of the big winners, offering huge returns for those willing to take on some risk in this favorable economic environment.
$PEPE
#Write2Earn! #BTCReboundsAfterFOMC #pepe⥠#PEPEATH #PEPE_EXPERT
**PayPal Expands Crypto Services for Businesses**
**Sept. 25, 2023** - PayPal has announced that its Business accounts can now buy, sell, and trade cryptocurrencies directly through their PayPal accounts. This new feature is available across the U.S., excluding New York.
**Key Points:**
- **Business Demand:** Jose Fernandez da Ponte, PayPal's SVP of blockchain and crypto, highlighted the growing demand from business owners for crypto capabilities.
- **Security Options:** Merchants can withdraw digital assets to external wallets or cold storage for added security.
**PayPal's PYUSD Stablecoin:**
- **Launch & Features:** In August 2023, PayPal introduced the PYUSD stablecoin, backed by US dollar deposits and short-term cash equivalents.
- **Network Expansion:** PYUSD was later expanded to the Solana network, offering lower transaction costs and "confidential transactions."
- **Market Position:** Despite its growth to a $1 billion market cap, PYUSD still trails behind Tether (USDT) and Circle's USDC.
Stay tuned for more updates on how PayPal continues to innovate in the crypto space.
**Bitcoin Market Update: Prolonged Consolidation and Investor Confidence**
In the past six months, Bitcoin has experienced a significant drop in capital inflows, leading to a prolonged consolidation phase, according to Glassnode. This stagnation, which began post-2024 Bitcoin halving, has seen short-term holders (STHs) facing increased financial pressure.
- **Key Insights:**
- STHs, especially those holding BTC for 1 week to 3 months, are under financial strain.
- Despite this, their unrealized losses are less severe than during the mid-2021 sell-off and March 2020 crash.
- The market is experiencing a net outflow regime, but new investor confidence remains strong.
Glassnode analysts suggest that Bitcoin's recent recovery, staying above the STH cost basis of $63,900, could signal a developing positive momentum. However, they caution that every investment involves risk, and thorough research is essential.
Risk management is a systematic approach to identifying, evaluating, and mitigating risks that could adversely impact a business, project, or activity. Hereâs how it unfolds:
đ” Risk identification: This involves pinpointing potential threatsâboth internal and externalâthat could disrupt the planned course of action.
đ” Documentation and reporting: Keeping detailed records of identified risks and actions taken is crucial for transparency and future improvements. This step ensures all actions are traceable and the process is continuously enhanced.
đ” Risk mitigation strategies: After assessing the risks, you develop strategies to either prevent these risks or lessen their impact. These strategies are tailored to the specific threats and their likelihood.
đ” Monitoring and adjustments: Risk management doesnât end with strategy creation. Ongoing monitoring is necessary to track the effectiveness of these measures. When needed, strategies are refined to better handle emerging risks.
đ” Risk assessment: Once risks are identified, their probability and potential impact are evaluated. This analysis helps prioritize which risks require immediate attention based on their severity and likelihood of occurrence.
With these measures, businesses can anticipate challenges and stay resilient in the face of uncertainties, ensuring smoother operations and better outcomes.
#RiskScamWarnimg #RiskManagementMastery #manageyourrisk #BTCReboundsAfterFOMC #USRetailSalesRise
With 400M+ unique addresses, $2B+ assets bridged from Ethereum, and tens of thousands of apps, Polygon PoS remains one of the most used blockchains in the world đ
Users and devs build with PoS because of its strong community, network effects, and Ethereum-for-all low fees.
What exciting things are going to be happening with it in the future?
What is risk management?
Risk management is the process of identifying, assessing, and controlling risks that may negatively affect an organization, project, or activity.
Main steps:
đ” Risk identification: Identifying potential risks that may arise during the activity. This can include both external and internal risks.
đ” Risk assessment: Determining the likelihood of each risk occurring and its potential impact on the activity. This can be a quantitative assessment (e.g., financial losses) or qualitative (e.g., reputational risks).
đ” Developing risk management strategies: Determining ways to minimize the likelihood and impact of risks. This includes:
đ” Monitoring and controlling risks: Continuously observing risks and the effectiveness of measures taken to manage them. Making adjustments to risk management strategies as necessary.
đ” Documentation and reporting: Keeping records of identified risks, measures taken, and their results. This helps in subsequent analysis and improvement of the risk management process.
Crypto is a growing market, but the pie is only that big.
Most copy-paste tokens, coins, networks, and protocols fail.
It takes me 15 min to read about a new project to know if it's a waste of time or not. That's because innovation is rare, including in crypto!
$NEIRO
{future}(NEIROUSDT)
$1MBABYDOGE
{future}(1MBABYDOGEUSDT)
$CATI
{future}(CATIUSDT)
#CATIonBinance #NeiroOnBinance #Write2Earn!