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1.6 million BNBs were burned at close to 1 billion dollars The new burn of BNB, Binance's own ecosystem token, has been completed. In the statement made by the BNB Foundation, it was stated that the burned BNBs were irreversibly transferred to the address known as "black hole". The BNB Foundation announced that 1,643,698 BNBs were burned within the scope of the token burning mechanism. While the 28th of the burning process, which has been going on for years on a quarter basis, was made, the total value of the burned tokens was approximately 971 million dollars. The BNB token, which switched to BNB Chain from the Ethereum network in 2019, will continue to be burned until the total supply is 100 million units. According to the price of BNB and the number of blocks produced on a quarterly basis in the BSC network, the tokens burned were sent not to return to an address called 'black hole'. In BNB, which also applied a real-time burn over gas fees, 234 thousand tokens have been burned since 2021. $BNB #bnb #bnbburn
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Bitcoin Dominance at its highest level since April 2021 $BTC #bitcoin #bitcoindominance
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NEW: The #Bitcoin hashrate moving average rebounds sharply, reaching a new all-time high of 645 Eh/s 👀🙌 $BTC #BitcoinHashrate
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The market declined. What do you think could be the reason 🤔 and when can it be time to rise again?
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The scenario is reversing: Banks have revised Fed forecasts Forecasts for the Fed's interest rate cut have changed significantly following employment data released on Friday. The Fed, which is preparing for the soft landing, is now said to be forced to land hard. According to the Wall Street Journal, employment data released on Friday, which shook the markets, was the main concern of those who guided economic policy in Washington, and the scenario for the U.S. economy is reversing. It is stated that Fed officials, who are preparing for a soft descent during this year, may have to go to the hard descent in the light of the latest data. Investors are concerned about the possibility that the Fed is late. An effect of this was also seen with declines in exchanges. On the other hand, instead of when the Fed will start lowering the interest rate, it has started to be discussed what size a reduction will be made in September. Bank analysts also revised their forecasts for the interest rate cut. Citigroup and JPMorgan expect the Fed to cut 50 basis points in September, 50 in November and 25 basis points in December, reducing interest by a total of 125 basis points before the end of the year. The interest rate decision next month will be announced on September 18. Before this meeting, employment data for August will be published on September 6th and inflation data will be published on September 11th. #Fed #PowellSpeech #powel
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