🔹 Current Market Structure: ✔ Function: Counter-Trend ✔ Mode: Corrective ✔ Structure: Orange Wave 4 ✔ Position: Navy Blue Wave 1 ✔ Next Higher Degree Direction: Orange Wave 5
🔹 Key Observations: ✅ Gray Wave C Completion: Crucial for confirming the transition to Orange Wave 5. ✅ Orange Wave 4 Nearing Completion: A shift back to bullish momentum is expected. ✅ Market Consolidation: Traders should closely monitor corrective movements for insights. ✅ Emerging Bullish Phase: Orange Wave 5 is anticipated to drive an upward trend.
🔹 Trading Implications: 📌 Monitoring the end of Orange Wave 4 is essential to identify a major market turning point. 📌 The transition to Orange Wave 5 may provide new trading opportunities in an upward trend. 📌 Elliott Wave structure insights can help traders navigate the current pullback and prepare for potential bullish momentum.
🔹 Conclusion: 📢 The S&P BSE Sensex is in a corrective counter-trend phase, with Orange Wave 4 nearing completion. As the market transitions into Orange Wave 5, traders should stay vigilant for emerging bullish opportunities
💼 Former Binance.US Chief Raises $20M for Groundbreaking Stablecoin Network 💼
The stablecoin market, valued at over $214 billion, is set to revolutionize digital payments with the launch of 1Money, a Layer-1 stablecoin network backed by $20 million in seed funding.
🚀 Key Highlights
Seed Funding: 1Money raised $20M from over two dozen top-tier investors, including:
F-Prime Capital
Galaxy Ventures
Kraken Ventures
KuCoin Ventures
BitGo Ventures
Innovative Protocol: Powered by a patent-pending Byzantine consistent broadcast design for seamless, secure stablecoin payments.
Leadership: Brian Shroder, former CEO of Binance.US, aims to build a modernized global financial system bridging Web3 and mainstream adoption.
🌐 Features of 1Money Network
Instant Transactions: Payments processed in real-time.
Fixed Costs: Transparent and predictable transaction fees.
Multicurrency Support: Users pay fees in the stablecoin they’re using—no need for gas tokens.
📊 Stablecoin Market Insights
Dominated by Tether (USDT) and USD Coin (USDC), which account for 85% of the $214 billion market.
The market is projected to exceed $300 billion in 2025 amid rising demand and a crypto bull market.
Fintech Competition: PayPal, Revolut, and Robinhood are entering the space, adding pressure on existing players.
🔮 The Future of Stablecoins
Payment Modernization: Visa envisions stablecoins transforming global payment systems, with stablecoin-linked cards becoming mainstream in 2025.
Broader Adoption: Stablecoins are emerging as the backbone of Web3 finance, offering a bridge between decentralized and traditional payment systems.
📌 Bottom Line: With its innovative design and strong backing, 1Money is poised to reshape the stablecoin landscape, making digital payments faster, cheaper, and more accessible to all. This is a pivotal step toward the evolution of global finance!
🌟 US Dollar Softens Amid Market Uncertainty and Mixed Data 🌟
📉 Key Drivers of USD Weakness:
December Retail Sales: Missed expectations, rising by only 0.4% (vs. 0.6% expected).
Weekly Jobless Claims: Jumped to 217K, higher than the prior revised 203K figure.
Declining Treasury Yields: The 10-year note fell to around 4.65%, undermining the USD’s appeal.
📈 Surprising Bright Spots:
Philadelphia Fed Manufacturing Survey: Surged to 44.3, sharply exceeding the anticipated -5.0.
Revised November Retail Sales: Adjusted upward from 0.7% to 0.8%, indicating better prior strength.
💼 Market Sentiment:
Investors reassess the Fed’s rate path, supported by 97.3% odds of no policy change at this month’s meeting (per CME FedWatch).
Traders closely monitor President-elect Trump’s policies and potential tariff shifts, adding uncertainty to global economic stability.
Equity markets saw profit-taking on softer inflation plays, adding pressure to risk sentiment.
📊 DXY Technical Outlook:
The US Dollar Index (DXY) corrected below 109.00, weighed down by softer yields and profit-taking.
20-day SMA serves as a critical support level, shielding deeper losses for the Greenback.
Despite recent softness, the USD’s longer-term trajectory remains constructive as markets focus on persistent inflation concerns and the Fed’s approach.
🛠️ What to Watch Next:
Upcoming US economic data for further signs of economic resilience or slowdown.
Potential shifts in Treasury yields and their impact on USD strength.
Developments in global trade policies and their influence on market dynamics.
📌 Bottom Line: While the US Dollar faces near-term softness, its longer-term bullish trend remains intact, supported by multi-year highs and key technical support. Stay tuned as the market continues to assess evolving conditions!
🚀 Shiba Inu Unveils TREAT Launch with Special Airdrop: Key Details Inside!
Shiba Inu’s ecosystem continues its impressive expansion, announcing the launch of TREAT, a new token designed to enhance utility and engagement within the Shiba Inu network. The official launch is set for January 14, 2025, and here’s everything you need to know
🔑 Highlights of TREAT’s Launch
🎉 Airdrop Announcements:
Leading exchanges KuCoin, Gate.io, and Bitget are celebrating TREAT’s debut with special airdrops for users.
Other platforms, including MEXC Exchange, have also embraced TREA
📉 Pound Sterling Under Pressure: Key Highlights and Market Insights
The Pound Sterling (GBP) faces intense selling pressure at the start of the week, as concerns over rising UK government borrowing costs and global inflation dynamics weigh heavily on the currency. Here's what you need to know:
🔑 Key Market Drivers
📊 Soaring UK Gilt Yields:
30-year gilt yields climb to 5.47%, the highest since 1998, driven by rising borrowing costs and uncertainty around trade policies.
UK remains heavily reliant on foreign financing, making it one of the most vulnerable economies in the G10.
💡 BoE Policy Outlook:
Upcoming UK Consumer Price Index (CPI) data for December (to be released Wednesday) will play a pivotal role in shaping the Bank of England's monetary policy.
Traders now expect a 44 bps rate reduction this year, down from 50 bps anticipated earlier.
📉 Pound Sterling Underperformance:
GBP/USD hits a fresh yearly low near 1.2100, as strong US Nonfarm Payrolls (NFP) data bolsters the US Dollar.
The US Dollar Index (DXY) rises to a 2-year high above 110.00, reflecting robust labor market data.
💡 Key Analyst Insights
Deutsche Bank: "The UK’s reliance on external financing increases its exposure to global volatility, making it one of the most fragile economies among G10 nations."
Macquarie: "The Fed is likely to cut borrowing rates only once this year, with the rate bottoming between 4.00%-4.25%."
🔍 Technical Analysis
Bearish Momentum:
The GBP/USD pair trades near 1.2120, with key support at 1.2050 (October 2023 low). The 20-day EMA at 1.2450 acts as major resistance, confirming the bearish trend.
RSI at 26.70 signals oversold conditions, suggesting potential short-term recovery.
Market Focus:
Investors are eyeing US CPI data (Wednesday) and UK CPI data (Thursday) for signs of stubborn inflation, which could influence both BoE and Fed monetary policy.
⚠️ Key Risks to Watch
💷 UK Fiscal Policy: Rising borrowing costs threaten the UK government’s plans for funding public spending solely through tax receipts.
🚀 Ripple Lawsuit: SEC’s $125M Penalty Sparks Final Appeals Push
The high-stakes battle between Ripple and the U.S. Securities and Exchange Commission (SEC) intensifies as the SEC approaches its January 15 deadline for filing its appeals opening brief. Here’s a breakdown of the latest developments: 🔗 Key Highlights $125M Penalty: Ripple was ordered to pay a $125 million fine following allegations of securities law violations. SEC's Deadline: The SEC, under outgoing Chairman Gary Gensler, must file its appeal brief by January 15, with insiders expecting a las
🚀 Elon Musk's Doge Department Sparks Crypto Buzz: Could Dogecoin Challenge Bitcoin?
Elon Musk has once again ignited the crypto world with his latest move, launching the Doge Department of Government Efficiency. This initiative, inspired by the meme-based cryptocurrency Dogecoin, is creating ripples across Washington and the financial sector. Here's what you need to know: 🔗 Musk’s Bold Initiative Mission to Tackle Inflation: The Doge Department aims to address government overspending, targeting a potential reduction of $2 trillion in U.S. expenditures. Warning of Economic Risk
🚀 Understanding How Meme Coins Function: The Technology Behind Their Creation
Meme coins have revolutionized the crypto world by bringing humor, community, and innovation together. While they started as internet jokes, their growing popularity showcases how blockchain technology supports these unique digital assets. Here's a closer look 🔑 What Makes Meme Coins Unique? 🌟 Inspired by Internet Culture: Meme coins like Dogecoin (DOGE) and Shiba Inu were born from internet jokes and memes, making them approachable and fun. 🤝 Community-Driven: Their popularity relies heavily