Bitcoin
- Bitcoin continues to trade sideways in the 29k xxx area, with no news or stories to create a wave of panic or attract new capital inflows
- The Ark 21Shares Bitcoin ETF continues to be delayed by the SEC until September, and they are seeking public comments on an amendment to the ETF application. The above process can last until the end of 2024.
- Funding rate is positive, long traders still dominate, and the number of open interest (OI) is starting to decrease (maybe some contracts are closed at profit). There is no sign of a good entry opportunity in Bitcoin yet.
- Currently, you can only buy at low volume and at average price, which is the best safe accumulation strategy for Bitcoin
Altcoins
- On August 15, Binance will launch 2 projects at the same time, Cyber and Sei (most LaunchPool projects are no longer attractive to investors, and some top traders on Binance have entered short BNB orders). What’s more interesting is that one will list upbit Korean won spot and bitcoin spot before the market opens. The other uses the notorious dwf labs scam agency to make the market. With previous experience, I said yesterday that I am optimistic and it is recommended not to short easily.
Sei and Cyber represent Layer 1 and Layer 2 respectively. Socialfi everyone must pay attention to projects in these areas:
If the market rebounds, tokens in these two areas may be more likely to rebound than other areas. The Layer and Socialfi projects I follow are: C98, SUI, ARB, ID, EDU, HOOK. Also, you can pay attention to tokens that were recently listed on Binance but have not risen yet: MAV, ARKM.
SEI Ecosystem: Kryptonite_fi ($SEILOR) opened at 6pm yesterday
, the performance is about 5x, and the actual amount of coins that can be received is about 3x ~ 4x. I hope that $SEI can also pull up a wave when it goes online today.
- FXS is about to launch v3 (existing token price has increased significantly), [$RDNT] is listed on ETH. LBR launched v2 at the end of August... is the current LSDfi leader, if it returns to the trend line, look for opportunities to accumulate some. Cancun is coming, and it is likely to be listed on Binance afterwards
- NVIDIA will release its second quarter financial report on August 23, which creates positive signals for the strong growth of AI projects such as FET, AGIX, RNDR, etc.
Yesterday's bullish phase for $FET seemed to be driven by price movements from top holders such as Binance and Paribu, with $FET rebounding to 0.235. Previously, wallet address binance 8 pushed 3 million tokens into the exchange, and continued to devalue 5.5 million tokens to Binance 28.
=> Immediately after these two moves, the coin price rose to $0.235 and then fell by almost 10%. Nvidia, the leader in the AI market, will release financial statements on August 21 => This could be the move that drove the price release.
- Coca-Cola will issue a series of NFTs on the Base chain. Base TVL has soared 70% in the past 7 days, breaking 197 million gold, and there may be more opportunities. With this news, Base Chain will be even hotter this month.
Base is built on $OP, and 10% of the transaction fees on Base will be transferred to OP.
- A whale wallet address with considerable power has withdrawn $SHIB to a wallet before the Shibarium mainnet launch tomorrow. The whale has withdrawn $3,091,903 of SHIB from the Coinbase exchange to a wallet. Previously, this whale withdrew $SHIB to a wallet before $SHIB's strong rise
- Binance's innovation area is divided into seed area and monitoring area. Binance will be delisted on August 22, 2023
$SNM $SRM $YFII. After the news was released, the three tokens fell to
-41% -25% -16% It should be because they found that these three coins may be pure calls or have been sold. Binance now has strict control over the sales of shells and calls.
Other tokens are also at risk. List of Innovation Zone tokens:
Where can I see the list of problematic coins?
Open Binance app Quotes => Data => Section => Monitoring
The list contains problematic items, please be aware of the risk of being removed from the shelves!
Some time ago, the coins in the Innovation Zone were pulled up sharply, but there was also a risk that they could be delisted at any time. Now Binance has begun to unload them. Now is just the beginning. Find an opportunity to get off the bus quickly.
It ended after it was delisted from Binance. Other exchanges were also affected.
Let’s take a look at the $SPARTA chart which was delisted from Binance in the past
- The activity schedule of some other projects is as follows:
