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🔴 99% of customers who received BTC from Mt Gox will sell it off? In recent days, one of the main factors causing the market to decline was the fact that Mt Gox paid BTC debt to customers. This debt has also existed for 10 years through countless legal lawsuits. In the most recent time when BTC dropped below $54k, Mt Gox also completed the transfer of the first debt worth 47,229 BTC to its customers. Some experts say there is a 99% chance that the debts will be paid next when customers receive BTC because the profit margin of that debt is up to 8,500%. So what happens next? Please continue reading at the link below. 👇
🟢 Nonfarm US message board Actual: 206k Prediction: 190k Before: 272k 🟢 US unemployment rate Actual: 4.1% Prediction: 4.0% Previous: 4.0% This is the highest unemployment rate since November 2021, after the Covid pandemic. This invisibly reflects that people's lives are still quite difficult, and indicators of the rate of unemployment benefit applications have also increased. 👉 Besides the inflation indicators that have also decreased relatively, these are also factors that support the need for the FED to soon implement a policy of cutting interest rates in the second half of 2024.
🔥 Mt.Gox transferred over 47,000 BTC ($2.7 billion) from one of its cold wallets to a new wallet. 😨😨
No matter how much governments continuously sell and how deeply the market adjusts, remember that El Salvador 🇸🇻 is still diligently DCA 1 BTC every day. According to statistics, El Salvador currently has more than 5,800 BTC, equivalent to about 334 million USD. They are very steadfast in their decisions! 👍
🌐 The FED is satisfied with the decline in inflation, but is it enough to cut interest rates? In his speech last night (July 2), Fed Chairman Jerome Powell said that this year there have been many inflation indicators that met the target set by the Fed. He also said that although inflation (PCE index) in the US has decreased from 4% a year ago to 2.6% currently, the FED wants to make sure that inflation is falling sustainably close to the target number. 2% before policy easing begins. At the end of the year, the FED will have important meetings in September, November and December. But the November meeting coincides with the week of the US presidential election, so it will be less likely that the FED will implement policy at that time. This is to avoid being seen as politically motivated. The FED also said that there will be an interest rate cut in 2024. Will that policy happen in September or December this year? What are your predictions? #comment below to share!
🔥 Bittensor (TAO) temporarily suspends trading to investigate hacking case, TAO token drops nearly 15%! A representative of Bittensor said that TAO Foundation is investigating the hack of many users' Bittensor wallets in the past few hours. Currently, the network is completely suspended until further information is available.
🎯 Binance US prepares to counterattack SEC in the fight to rescue CZ A year ago, the SEC sued Binance US for offering unregistered investment products and violating anti-fraud provisions. The fact that CZ has been resting in a "stone villa" recently is the result of this lawsuit. However, Binance US did not give up when the company recently said it had "prepared" to respond to accusations from the SEC. In its announcement, Binance US also said that the SEC has never found any evidence to support its accusations, and even abused its power at some times. Are the "preparations" from Binance US serious enough to help CZ be cleared? Not to mention the US presidential election is near, will there be a coincidence of "good news" happening at the same time, starting the market's biggest rising wave? What are your opinions? #comment below to share!
Very nice🥰
In general, we are currently still in the first major Bear trap! Anyone who says this season is heavier than previous seasons is really not sure! Last season, before entering the crazy bull wave, altcoins went up and down a few rounds x3-x4 and then divided by 3 and 4, which was normal. The market - the driving team kept doing that for a few rounds, no wonder once the price increased. strong, no one really has any goods left! In the face of difficulties and FUDs like cursing in the face right now, just keep quiet and take it as a lesson so that in the next year the price will increase again, then decisively take profits - those of you who are blood-drunk will push the risk up to buy a lot of altcoins. If so, next season start with $BTC and consider $ETH HODL is never easy, there are times when our trust will be trampled but we still have to continue to believe. You're so stressed, let's reopen the chart of $LTC, $NEO, $BCH, $ADA, $MATIC.... look at the old coins that were famous for a while, before cheap money was pumped in, how depressed they were.
🤝 #Coinbase officially cooperates with #Stripe, a technology unicorn preparing for #IPO in the US Accordingly, Stripe will integrate Coinbase's Base network into its payment system. Users can easily buy crypto with fiat (fiat) money from the Coinbase wallet itself. Conversely, they can also convert from crypto to fiat with just a few taps. 🟣 Stripe is one of the prominent fintech startups in the field of monetary payments. This unicorn is also preparing for an IPO in the US after a long time submitting a proposal to the #SEC. Stripe is currently valued at 60 billion USD and also holds the second largest market share after Paypal, a monument in the payment field. In 2023, #Paypal also launched stablecoin PYUSD, pegged to the USD alongside short-term US Treasury bonds. It can be seen that leading payment companies are gradually narrowing the gap between crypto and fiat money, helping to expand access to new users. With advantages in cost, process, and personnel, will crypto money transfer methods replace traditional methods? What is your perspective on this? #comment below to share!
Great 🥰🥰🥰
🇺🇸 UPDATE PCE INDEX: PCE index (Y/Y): 2.6% | Forecast: 2.6% | Previous: 2.7% PCE index (M/M): 0% | Forecast 0% | Previous: 0.3% Core PCE Y/Y: 2.6% | Forecast: 2.6% | Previous: 2.8% Core PCE M/M: 0.1% | Forecast: 0.1% | Previous: 0.3% The Fed's favorite inflation gauge, the U.S.'s May core CPE, rose at its slowest pace in six months. This is good news to support interest rate cuts at the end of this year. Currently, the market did not react too strongly after the news, BTC decreased slightly by 0.3% and is at the 61K4 mark.
Before the money flows into fomo again, most altcoins will have a slow recovery phase due to running out of supply - all selling power! During this period, in addition to the trend factor that the market is interested in, any project that can draw a flywheel and create a fomo story will become the bright star of the whole market and will grow very strongly! Like the last $TIA with the story of staking to airdrop! Currently, I haven't seen any product with enough potential to become $TIA! However, if you want to bet and look for fomo following trends, this section will be very dangerous, because most trends come and go very quickly. If you take a quick look, you will see that the potential for strong growth in the future of altcoins from this price range is still very large, just distributing them evenly among potential areas and sitting still waiting for your turn will be the method. the most optimal investment Invest L1 then wait for L1 fomo to return If you invest in L2, calmly wait for ETH and L2 fomo to return If you invest in AI coin, wait for the AI trend to return after a recent period of crazy growth ,...... In investing, sometimes keeping yourself still
🔥 VANECK APPLYED FOR SOLANA ETF, SOL PRICE INCREASED NEARLY 10% VanEck is the first company in the United States to apply to establish the Solana ETF. VanEck believes that Solana is a commodity similar to BTC and ETH, this blockchain acts as a competitor to Ethereum with "a unique combination of scalability, speed and low cost". SOL price jumped more than 8% after the news.
The governments of the US 🇱🇷 & Germany 🇩🇪 simultaneously moved to transfer Bitcoin to CEX exchanges within the past 24 hours! Specifically, the US government wallet transferred 3,940 BTC (about 240 million USD) to Coinbase Prime. This is the latest BTC transaction from the US government since the 30,100 BTC transfer in April. According to Bitcoin Treasureries, the US government currently holds 213,546 BTC (more than 13 billion USD), becoming the largest BTC holding country in the world. Along with that, the German government also moved an additional 250 BTC (about 15.4 million USD) to Bitstamp and Kraken. In just the past week or so, German wallets have transferred a total of 2,350 BTC to the exchange. Currently, the German government holds 46,359 BTC (2.8 billion USD), the 4th largest BTC holding country globally, second only to the United Kingdom, China & the United States. What is the real purpose of this move?
🔥 SEC Chairman Gary Gensler said the Ethereum ETF Spot approval process is "going smoothly". He declined to say when staff might complete the paperwork review and give the Ethereum Spot ETFs the green light. To date, there have been 7 funds that have filed to update S-1 including: Bitwise, Fidelity, VanEck, Franklin, 21Shares, Grayscale, BlackRock. Many experts predict Ethereum ETF Spot funds will start trading in early July. What do people expect ETH to do after Ethreum ETF Spot is approved?
GREED AND FEAR INDEX DOWN TO LOWEST LEVEL IN OVER A YEAR The Greed and Fear Index fell 21 points to 30, while public sentiment remained greedy at 74 last week. This is the lowest level in more than a year since January 11, 2023 when BTC was only trading at 17,200 USD. The sharp decline of this index occurred in the context of BTC correcting -17% and returning to 60K in recent days. Have you gradually DCA or are you still waiting for the bottom?
MT Gox announced that $BTC made a move again! This reduced $BTC stick is something that is needed right now. I hope this will end the one-day decline a little bit. Altcoins are also starting to form a sideway frame, you can watch this area to receive more DCA. Good luck 🥰🥰
What's noteworthy in the last week of Quarter 2/2024? All attention will be focused on this Friday evening (June 28, 2024) when the PCE index will be announced, which is also the FED's most favorite inflation measure. At the beginning of June 2024, the announcement of the CPI index also showed that inflation had continued to cool down. Along with that, on June 12, forecasts from the FED also said there would be at least one interest rate cut in 2024. Ending the last Friday of Quarter 2/2024 is the FED's monetary policy report with general information for the first half of 2024, as well as some orientations for the remaining half of the year. The market situation is currently quite bad when BTC decreased by nearly 15%, causing the whole market to be engulfed in flames. Important indicators all show that inflation has clearly decreased a lot. Will the market this weekend have enough strength for a recovery? And in your opinion, when will the FED lower interest rates in the second half of 2024? #comment below to share!
Monthly stablecoin transfer volumes have ~10x'd over the past 4 years. From $100B to nullT+ per month We are preparing to receive huge cash flows into the market 🚀🚀🚀
Gas $ETH reaches record low. $ETH inflation returned during the past time! Despite all that, holders - OG across the market are still extremely bullish about $ETH - the amount of $ETH being staked is currently increasing - the amount of $ETH staking is currently 25%! The future also has strong money injected from ETFs! Personally, I am also bullish on $ETH. In addition to selling 20% of the $ETH in the 3k2-3k5 area to hold the money to wait for the altcoin dip this June-July, the remaining $ETH I will keep the same and the target will begin. My take profit is at the 6k level I'm also extremely bullish on altcoin. If you ask me why I'm bullish, I'm just daring to bet. There are too many beautiful long-term factors that can't let the cold at the end of December say that January is not spring. okay 🤣
💵 Supported by the #crypto community, Donald Trump is leading the 2024 US Presidential election race Although Donald Trump was just convicted by a jury of 34 felony counts of falsifying business records, his super-PAC (campaign fund) suddenly skyrocketed to $116.6 million, higher than Biden's figure of $91.6 million. . It is worth mentioning that just 2 months ago, Mr. Trump was still losing 40 million in cash to Biden. To explain this, experts may have given two main factors: 1️⃣ is because banking heir Timothy Mellon signed a check to donate up to $50m to the super-PAC right after the verdict was announced. 2️⃣ is due to the support of crypto investors, notably the two founders of a16z with support of up to $12.5 million. Former President Donald Trump has recently made many statements supporting the promotion of crypto in the US, thanks to which he is very popular with financial investors. If Trump is re-elected later this year, could we see a new historic turning point for the market with regulatory standards? What is your perspective on this issue? #comment below to share!
🎯After Bitcoin and Ethereum, will Solana be the next name preparing for securities filing approval? Asset management group 3iQ has announced that it has filed documents with the Ontario Securities Commission (OSC) to launch North America's first publicly traded Solana securities product on the Toronto Stock Exchange. (TSX). According to information from 3iQ, this product will be named Solana Fund and has the official code QSOL. QSOL will have price fluctuations closely related to the Solana project itself. 3iQ is also the first unit to list ETFs such as Bitcoin and Ethereum on the TSX, Canada's largest stock exchange. If this proposal is approved, it will likely trigger a domino effect in other areas regarding the Solana ETF. In the coming period when the law is more open to the crypto market, it is possible that some other topcoins will also be considered for ETF issues, the easiest way to access traditional cash flows. In your opinion, after Solana, which name is promising enough to become the next ETF? #comment below to share!
Gn my friends 😴😴😴😴😴
HOT: SEC HAS FINISHED INVESTIGATION #ETHEREUM According to Consensys, the SEC has ended its investigation into Ethereum, which means there are no longer claims that ETH is a security. The SEC's decision came after Consensys sent a letter asking the SEC to clarify that it would stop its investigation into Ethereum, following the approval of the Ethereum ETF Spot fund in May. Ethereum and other coins in the system all increased immediately after the good news was released.
THE MARKET IS RED, HOW IS THE CASH FLOW FROM SPOT #BITCOIN ETF According to statistics, up to 145 million USD was withdrawn from spot Bitcoin ETF funds on June 17, of which the most significant was Fidelity's spot fund with 92 million USD. Fidelity is one of the largest asset management corporations in the world, which can be said to be on par with BlackRock, currently holding more than 11,000 billion USD. Even so, the above figure of 145 million USD only accounts for nearly 1% of the total current Bitcoin ETF value. It seems that this is an exit action of scalping investors, as for the holders, they are still in position because since the Bitcoin ETF was approved, its total value has increased steadily every month.
The company backing #Metamask, the world's top 1 crypto wallet (ConsenSys technology company), has joined the eth staking game. Currently, the company running the largest validator for #ETH is @stakefish, which has about 1 million eth staked by this company (about 31,250 validators) and the stakefish company is running 0% to attract more delegators to stake eth into their company. The number of eth stakes is still very small compared to the amount of circulation. 32,574.29 eth staked, eth circulating 120,152,149 eth ==>27.1% is still very small, it takes tens of millions of eth locked in The number of validators on the eth chain is more than 1,020,307 validators with an apy of 3.4%/year ==> due to the eth burn mechanism, the amount of new mints rewarded to validators and the amount burned cancel each other out, so eth inflation is sometimes deflation." The supply of 120,152,149 eth is getting less and less than this number. Currently, on June 12, 2024, eth inflation is only 0.358%/year ==> if you stake eth, you will prosper forever.
Gn my friends 😴😴😴