SOFR_Spike

According to BlockBeats, data from the Federal Reserve Bank of New York shows that the Secured Overnight Financing Rate (SOFR) rose to 5.4% on July 3rd, matching the six-year high set on January 2nd. This rate represents the cost of banks borrowing cash overnight using U.S. Treasury bonds as collateral. The increase indicates a tightening of liquidity and restrictions on overnight borrowing, a market dynamic last seen in September 2019. Following this, the Federal Reserve injected liquidity into the repo market, where institutions borrow and lend funds short-term using U.S. Treasury bonds as collateral.David Brickell, an executive at Toronto-based crypto platform FRNT Financial, stated that this situation is a short-term concern for the market. There may be some financing pressure after the end of the second quarter. However, this reminds us of the surge in repo financing rates we experienced in 2019. We are beginning to see the pressure of excessive government debt and Treasury bond issuance. Ultimately, the Federal Reserve will need to end quantitative tightening or balance sheet contraction and restart liquidity injections similar to quantitative easing. Without the Federal Reserve's liquidity, the financial system cannot digest this level of debt. Ultimately, the Federal Reserve will quickly return to balance sheet expansion mode, acting as the last provider of liquidity.

Unlocking Market Maker Secrets: Profit from Price Manipulation 💹💰
Market makers (MMs) play a key role in financial markets, providing liquidity. Understanding how MMs manipulate prices can give savvy traders an edge, potentially leading to significant profits.
➡️Market Maker Tactics 🎯
1️⃣Spoofing 🚨
MMs place large fake orders to create a false impression of supply or demand, influencing trader behavior.
2️⃣Layering 🏗️
Placing multiple fake orders at different price levels, MMs create the illusion of market activity, triggering volatility.
3️⃣Painting the Tape 🖌️
Executing small trades to show significant activity, MMs can mislead traders into thinking there's a strong trend.
➡️How to Profit from MM Tactics 🤑
1️⃣Identify Spoofing Patterns 🔍
Spot large orders that appear and disappear quickly to anticipate price movements.
2️⃣ Analysts Order Book Activity 📊
Look for unusual large orders at multiple price levels, signaling layering activities.
3️⃣Follow the Volume 📈
Watch for sudden volume increases without significant news, indicating painting the tape.
➡️Tools and Strategies 🛠️
1️⃣Trading Algorithms 🤖
Use bots to detect and respond to MM tactics quickly.
2️⃣Real-Time Data Feeds 📡
Stay updated on market movements to react swiftly.
3️⃣Education and Practice 📚
Learn about market dynamics and practice with demo accounts.
➡️Ethical Considerations 🌐
While profiting from MM tactics is possible, consider the ethical implications. Manipulative practices can harm other market participants and undermine market integrity. Use your knowledge responsibly.
$NOT $XRP $PIXEL
#ETH_ETF_Approval_23July #BinanceHODLerBANANA #BinanceTurns7 #SOFR_Spike #BinanceTournament

#BinanceTurns7 #BinanceTournament #Ton_Coin_Surge #SOFR_Spike #EarnFreeCrypto2024 Worldcoin, co-founded by Sam Altman, has made headlines with its decision to extend the deadline for redeeming WLD Grant Reservations. Notably, this announcement has also provided a boost to the project’s native crypto, WLD price, which surpassed the $2 mark today.
So, let’s take a look at the recent announcement and see the deadline timeline set by Sam Altman’s firm.
Worldcoin Announces Extension Of WLD Grant Reservations
In a recent announcement, the Worldcoin Foundation revealed that it is extending the redemption deadline for WLD grant reservations by one year. Initially introduced to allow individuals without a verified World ID to reserve WLD tokens, this extension now allows reservations made between July 24, 2023, and July 31, 2024, to be valid until July 31, 2025.
Meanwhile, new reservations can be made until July 31, 2024. According to the announcement, this move aligns with their mission to democratize access to the global economy, ensuring widespread participation in their project. Notably, this extension aims to accommodate more participants in the project’s ecosystem, enabling them to benefit from the project’s initiatives without time constraints.
Meanwhile, the announcement coincides with the Worldcoin Foundation’s introduction of a developer preview of its upcoming Layer 2 (L2) network. This preview allows a select group of developers to explore and test the capabilities of the World Chain network before its official mainnet launch, expected this summer.
For context, the initiative seeks to gather feedback and optimize the network’s performance ahead of broader deployment.
Price Rallies Amid Major Developments
Apart from the developer preview launch, Sam Altman’s firm recently partnered with Alchemy, a move designed to leverage Alchemy’s robust infrastructure and developer tools. This partnership is crucial for accelerating the development of World Chain, particularly in enhancing digital identity and blockchain technology solutions.
Meanwhile, Worldcoin’s strategic moves underscore its commitment to advancing blockchain innovation while expanding its user base and developer ecosystem. The extended deadline for WLD grant reservations aims to foster inclusivity and broaden participation, positioning Sam Altman’s firm for continued growth and impact in the evolving digital economy.
As Worldcoin navigates these developments, stakeholders in the crypto community will be watching closely to see how these initiatives unfold and contribute to the broader adoption of blockchain technology and digital assets. Besides, the extension of the WLD grant reservation deadline and the rollout of the L2 network preview mark significant milestones in its journey toward creating a more accessible and scalable blockchain ecosystem.
As of writing, WLD price jumped 6% and exchanged hands at $1.96, after touching a high of $2.05 in the last one hour. Its trading volume also noted a surge of 13% to $193.27 million from yesterday. Furthermore, CoinGlass data showed that the crypto’s Open Interest saw a spike of 18%, indicating an increasing focus of the investors towards the crypto.

Have you ever wondered what drives the massive spikes in cryptocurrency prices? Here's a visual journey through the epic crypto bull runs of 2012, 2016, 2020, and now.
As someone who's been in the crypto space for a decade, I've witnessed most of these monumental shifts firsthand. Each bull run has its unique triggers, but they all share a common thread: technological advancements, increasing adoption, and macroeconomic factors.
🚀In 2012, Bitcoin was still a niche experiment. The rise then was fueled by early adopters and a handful of tech enthusiasts.
🚀By 2016, we saw a more diverse crowd getting involved, driven by the promise of blockchain technology and the potential for financial inclusion.
🚀2020 was a game-changer. Institutional investors entered the scene, recognizing crypto as a hedge against economic uncertainty. This wave brought unprecedented levels of legitimacy and investment into the space.
🚀Now, we're on the cusp of another significant bull run. The signs are there: more regulatory clarity, widespread adoption of decentralized finance (DeFi), and continuous technological improvements.
#SOFR_Spike #write2earn #BinanceTournament #TradingStrategies💼💰

In my P2E and tap-to-earn gaming series, today I’ve come up with Cat Gold Miners where the cat's purrs are counted as purr-fectly adorable meeting purr-fectly profitable
Here, the players become tycoons of their own mining empires — where they rule the game. Yes, you!

THE BEST GAME EVA!

Build on TON with a play-to-earn gaming mechanism
$CATGM — THE HEART OF THE GAME
$CATGM is designed with a limited supply of tokens and a straightforward economic model. It was launched in a fair manner, with most of its initial supply being made available in a liquidity pool to support trading.
CATGM has officially been listed on the TON this month, marking a significant milestone in its journey. The project's liquidity was initially provided through the Land Auction, setting the stage for its current position.
Significantly, 80% of the proceeds from selling NFT Lands are paired with 80% of the total supply of CATGM.
This strategic alignment demonstrates a strong foundation for the token's value and utility.
CATGM plays a key role as the primary transactional token in the game, driving progression and serving as a medium for rewards. Players can earn CATGM by actively participating in the game and enhancing their mines, unlocking opportunities for growth and reward — much more is waiting for you guys!
The players will get the $CATGM tokens by upgrading their gold mines in the game.
ADVANCED GAMEPLAY & IN-GAME PURCHASES
You are going to get an epic gaming experience as you climb to higher levels and face exciting new gameplay challenges.

Every strategic decision you make will shape the destiny of your mining empire. But fear not, because their in-app purchase system offers a treasure trove of options to boost your mine's productivity, dominate the Leaderboard, and conquer the competition.

And that's not all! By grabbing the opportunity to purchase NFT Land, you'll unlock a world of possibilities. Become a Land Owner and establish your very own CLAN, reaping the benefits of:
- A share of 50% NFT Royalties for the first two months
- A share of 10% NFT Royalties after the first two months
- A 0.4% transaction fee from every $CATGM trade
- Imposing a 10% tax on $CATGM from players who visit your Land

Let's carve out the legacy in the mining world!

REFERRAL SYSTEM
An amazing referral and reward system is waiting for you — invite your friends and get CATGM as a reward

THE SOLAR SYSTEM

Check out this amazing Exclusive Referral Program! You can earn up to a 30% commission by inviting your friends to play the game.

It's like having your own Solar System of rewards!

And the best part?
This program is extra special and runs alongside the regular Referral Rewards, so you get even more benefits. When your friends make in-game purchases, you'll earn commissions in $CATGM and $TON. It's time to start reaping the rewards and enjoy the benefits with your friends!

CREATE CLUB

You can create an awesome club and score some amazing rewards? Here's how you can do it:

Step 1:

Invite the Cat Gold Miner bot to a public channel or chat

Step 2:

Set the Cat Gold Miner bot as an administrator and grant it all administrative permissions

Once you've done that, your club will be created successfully! And the best part is, any member of the Club can promote their club using in-app purchases.

But wait, there's more!
Players who purchase to boost the club will get all the referral points and solar system commission from newcomers during the boosted period. How cool is that?

And if you're a solo player, joining the club will get you the X2 booster permanently. But it gets even better – if you join the real-life Telegram Group of that Club, you'll also get another X2 booster permanently.

That's right, you can stack the double X2 boosters to make it X4 boosters permanently! 🔥

So, what are you waiting for? Get ready to create, boost, and dominate with your club!

Happy Mining ❤️‍🔥

#Biden_Out_BTC_Up #Bitcoin_Coneference_2024 #HamsterKombat #BinanceTurns7 #SOFR_Spike