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The crypto market crash on December 9, 2024, was caused by 4 MAJOR converging factors:
1.Excessive Leverage and Liquidations:
Over $1.7 billion in leveraged positions were liquidated within 24 hours, with Bitcoin dropping below $94,000 and Ethereum falling by 8%. This triggered a domino effect across the market, as both long and short positions were forced to close, exacerbating the sell-off
2.Quantum Computing Fears:
Google’s announcement of its advanced “Willow” quantum chip raised concerns about potential threats to cryptocurrency security. Though not an immediate issue, some traders speculated about vulnerabilities in cryptographic defenses, leading to market uncertainty
3.Government Bitcoin Sales:
Bhutan’s government moved a significant amount of Bitcoin to exchanges, fueling fears of increased supply and further price drops. This mirrored earlier moves that had pressured Bitcoin prices
4.General Market Trends:
Broader market corrections tied to pre-halving cycles also played a role. Historically, Bitcoin experiences retraces and re-accumulation phases before halving events, aligning with patterns seen in this downturn.
These combined factors created a perfect storm, leading to the sharp decline.
1.Excessive Leverage and Liquidations:
Over $1.7 billion in leveraged positions were liquidated within 24 hours, with Bitcoin dropping below $94,000 and Ethereum falling by 8%. This triggered a domino effect across the market, as both long and short positions were forced to close, exacerbating the sell-off
2.Quantum Computing Fears:
Google’s announcement of its advanced “Willow” quantum chip raised concerns about potential threats to cryptocurrency security. Though not an immediate issue, some traders speculated about vulnerabilities in cryptographic defenses, leading to market uncertainty
3.Government Bitcoin Sales:
Bhutan’s government moved a significant amount of Bitcoin to exchanges, fueling fears of increased supply and further price drops. This mirrored earlier moves that had pressured Bitcoin prices
4.General Market Trends:
Broader market corrections tied to pre-halving cycles also played a role. Historically, Bitcoin experiences retraces and re-accumulation phases before halving events, aligning with patterns seen in this downturn.
These combined factors created a perfect storm, leading to the sharp decline.
SHOULD THIS BOTHER TO ETH INVESTORS ??
The U.S. Securities and Exchange Commission (SEC) has not officially classified Ethereum (ETH) as a security, though the possibility has been a topic of debate.
Recently, the SEC dropped its investigation into Ethereum, possibly because it was unlikely to prove that ETH met the legal criteria for a security, as outlined by the Howey test.
This test examines whether an asset involves an investment in a common enterprise with the expectation of profit derived from the efforts of others
If ETH were classified as a security, it could have significant consequences. U.S.-based exchanges might have to delist it to avoid operating unregistered securities platforms, potentially reducing liquidity and increasing price volatility.
Additionally, decentralized exchanges (DEXs) might become more critical for trading ETH, though even they could face scrutiny in certain jurisdictions. A classification could also require compliance with complex registration processes, impacting adoption and market stability
The SEC’s actions continue to signal broader regulatory uncertainty for the crypto sector, particularly for proof-of-stake blockchains like Ethereum. While the agency has not acted definitively, this issue underscores the need for clearer regulatory frameworks
The U.S. Securities and Exchange Commission (SEC) has not officially classified Ethereum (ETH) as a security, though the possibility has been a topic of debate.
Recently, the SEC dropped its investigation into Ethereum, possibly because it was unlikely to prove that ETH met the legal criteria for a security, as outlined by the Howey test.
This test examines whether an asset involves an investment in a common enterprise with the expectation of profit derived from the efforts of others
If ETH were classified as a security, it could have significant consequences. U.S.-based exchanges might have to delist it to avoid operating unregistered securities platforms, potentially reducing liquidity and increasing price volatility.
Additionally, decentralized exchanges (DEXs) might become more critical for trading ETH, though even they could face scrutiny in certain jurisdictions. A classification could also require compliance with complex registration processes, impacting adoption and market stability
The SEC’s actions continue to signal broader regulatory uncertainty for the crypto sector, particularly for proof-of-stake blockchains like Ethereum. While the agency has not acted definitively, this issue underscores the need for clearer regulatory frameworks
ELON MUSK should be CAREFUL now!!
Today, the crypto market experienced a sharp downturn following comments by Elon Musk during a public discussion.
Musk expressed concerns about Bitcoin’s future scalability and efficiency, particularly in the context of energy consumption and environmental impact.
Additionally, reports surfaced that Tesla, which has historically influenced crypto markets, moved a large portion of its cryptocurrency holdings into private wallets, sparking fears of a potential sell-off.
These factors, combined with the unpredictable nature of Musk’s statements on cryptocurrencies like Bitcoin and Dogecoin, led to panic selling, causing significant drops across the market. Historically,
Musk’s comments and actions regarding cryptocurrencies have had outsized effects due to his influence within the tech and financial sectors.
Today, the crypto market experienced a sharp downturn following comments by Elon Musk during a public discussion.
Musk expressed concerns about Bitcoin’s future scalability and efficiency, particularly in the context of energy consumption and environmental impact.
Additionally, reports surfaced that Tesla, which has historically influenced crypto markets, moved a large portion of its cryptocurrency holdings into private wallets, sparking fears of a potential sell-off.
These factors, combined with the unpredictable nature of Musk’s statements on cryptocurrencies like Bitcoin and Dogecoin, led to panic selling, causing significant drops across the market. Historically,
Musk’s comments and actions regarding cryptocurrencies have had outsized effects due to his influence within the tech and financial sectors.
VERIFIED UPDATE!!
MicroStrategy recently purchased $2 billion worth of Bitcoin, acquiring 27,200 BTC at an average price of $74,463 each.
This raises their total holdings to 402,100 Bitcoin, representing nearly 2% of the cryptocurrency’s total supply.
The company continues its aggressive strategy of integrating Bitcoin into its treasury, solidifying its status as the largest corporate holder of the digital asset
MicroStrategy recently purchased $2 billion worth of Bitcoin, acquiring 27,200 BTC at an average price of $74,463 each.
This raises their total holdings to 402,100 Bitcoin, representing nearly 2% of the cryptocurrency’s total supply.
The company continues its aggressive strategy of integrating Bitcoin into its treasury, solidifying its status as the largest corporate holder of the digital asset
President-elect Donald Trump has warned BRICS nations against creating an alternative currency to challenge the U.S. dollar, threatening 100% tariffs and loss of access to the U.S. market.
This follows BRICS’ efforts to reduce dollar reliance through gold-backed currencies and digital assets
For cryptocurrencies, the conflict could boost interest in decentralized assets like Bitcoin as alternatives during global tensions.
However, Trump’s policies might also lead to stricter crypto regulations to protect the dollar’s dominance, which could slow adoption in some regions
This follows BRICS’ efforts to reduce dollar reliance through gold-backed currencies and digital assets
For cryptocurrencies, the conflict could boost interest in decentralized assets like Bitcoin as alternatives during global tensions.
However, Trump’s policies might also lead to stricter crypto regulations to protect the dollar’s dominance, which could slow adoption in some regions
Today, Ripple CEO Brad Garlinghouse discussed XRP’s future, highlighting key developments that could significantly impact its trajectory.
He attributed recent optimism to Ripple’s legal victory against the SEC, which has bolstered investor confidence, and the resignation of SEC Chair Gary Gensler, signaling potential regulatory easing. These changes, alongside the election of a pro-crypto U.S. administration, have created a favorable environment for Ripple and XRP’s growth
Garlinghouse emphasized that institutional interest in XRP is growing, supported by moves like Robinhood’s relisting of XRP and a proposed XRP ETF by investment firms. This reflects increasing market confidence in the asset’s long-term viability. He also pointed to the community’s resilience during regulatory challenges, which is now paying off as XRP approaches multi-year price highs
Currently, XRP’s price performance remains robust, with analysts projecting further gains as regulatory clarity improves. Garlinghouse expressed enthusiasm about the industry’s direction, anticipating broader adoption and stronger market momentum in the coming months
He attributed recent optimism to Ripple’s legal victory against the SEC, which has bolstered investor confidence, and the resignation of SEC Chair Gary Gensler, signaling potential regulatory easing. These changes, alongside the election of a pro-crypto U.S. administration, have created a favorable environment for Ripple and XRP’s growth
Garlinghouse emphasized that institutional interest in XRP is growing, supported by moves like Robinhood’s relisting of XRP and a proposed XRP ETF by investment firms. This reflects increasing market confidence in the asset’s long-term viability. He also pointed to the community’s resilience during regulatory challenges, which is now paying off as XRP approaches multi-year price highs
Currently, XRP’s price performance remains robust, with analysts projecting further gains as regulatory clarity improves. Garlinghouse expressed enthusiasm about the industry’s direction, anticipating broader adoption and stronger market momentum in the coming months
ETH 4242❓❓🚀🚀🚀
Factors like increased institutional interest, ETF inflows, and overall market conditions driving its performance
ETH exceeds $4,000, there needs to be continued accumulation by large holders and stability in key market indicators. While it’s plausible ETH might approach its yearly high, breaking past significant resistance levels remains critical for further upward movement
Currently, ETH is trading around $3,878, so surpassing $4,242 would require a significant and rapid surge
If you’re looking to trade, monitoring market trends closely is crucial.
Factors like increased institutional interest, ETF inflows, and overall market conditions driving its performance
ETH exceeds $4,000, there needs to be continued accumulation by large holders and stability in key market indicators. While it’s plausible ETH might approach its yearly high, breaking past significant resistance levels remains critical for further upward movement
Currently, ETH is trading around $3,878, so surpassing $4,242 would require a significant and rapid surge
If you’re looking to trade, monitoring market trends closely is crucial.
Will TAO cross $800 TODAY❓
Bittensor (TAO) reaching the $800 mark today seems likely based on current market trends and expert predictions. For December 2024, its projected high is around $750 in a bullish scenario, but significant upward movement toward $800 would require unexpected market catalysts, such as major partnerships, technological advancements, or a surge in investor interest
While TAO has shown strong growth earlier this year, its average price prediction for the end of 2024 is about $555, and surpassing $800 would depend on breaking key resistance levels and sustained bullish momentum
Cryptocurrency markets are highly volatile, so surprises are always possible
#TAO🔥🔥🔥🔥
Bittensor (TAO) reaching the $800 mark today seems likely based on current market trends and expert predictions. For December 2024, its projected high is around $750 in a bullish scenario, but significant upward movement toward $800 would require unexpected market catalysts, such as major partnerships, technological advancements, or a surge in investor interest
While TAO has shown strong growth earlier this year, its average price prediction for the end of 2024 is about $555, and surpassing $800 would depend on breaking key resistance levels and sustained bullish momentum
Cryptocurrency markets are highly volatile, so surprises are always possible
#TAO🔥🔥🔥🔥
Ripple’s RLUSD stablecoin, which was set to launch on December 4, 2024, has faced delays likely due to ongoing regulatory approvals and further testing on both the XRP Ledger and Ethereum blockchains. Ripple is focused on ensuring compliance with the strict standards of the New York Department of Financial Services (NYDFS), as the stablecoin market becomes increasingly competitive with players like USDC and Paxos already established in the space.
As for its effects on XRP, RLUSD is not intended to replace XRP but to complement it within Ripple’s ecosystem. RLUSD’s stability could make it more suitable for certain use cases, like remittances and payments, while XRP continues to serve as a bridge currency in cross-border transactions. This dual approach is expected to enhance liquidity and utility for Ripple’s broader network, potentially benefiting XRP’s adoption and value in the long term.
If the RLUSD launch progresses smoothly, it could strengthen Ripple’s position in the crypto space, driving further innovation and network effects for both XRP and the XRP Ledger. However, any prolonged delays could temper market enthusiasm.
As for its effects on XRP, RLUSD is not intended to replace XRP but to complement it within Ripple’s ecosystem. RLUSD’s stability could make it more suitable for certain use cases, like remittances and payments, while XRP continues to serve as a bridge currency in cross-border transactions. This dual approach is expected to enhance liquidity and utility for Ripple’s broader network, potentially benefiting XRP’s adoption and value in the long term.
If the RLUSD launch progresses smoothly, it could strengthen Ripple’s position in the crypto space, driving further innovation and network effects for both XRP and the XRP Ledger. However, any prolonged delays could temper market enthusiasm.
Today, Russian President Vladimir Putin expressed his growing support for cryptocurrency and blockchain technologies during discussions at the ongoing BRICS Summit. He emphasized the importance of cryptocurrencies in bypassing the U.S. dollar for global trade, aligning with broader BRICS goals of “de-dollarization.” Russia, along with other BRICS members, is exploring blockchain-based payment systems and using crypto assets like Bitcoin for international trade.
Putin also recently enacted laws advancing crypto mining in Russia, categorizing it as a legitimate economic activity. This move positions Russia as a potential leader in the global crypto market while balancing innovation with regulatory oversight. These developments signal Russia’s strategy to integrate crypto into its economy amid international sanctions.
The market response to these announcements has been mixed. While the broader sentiment supports crypto adoption, some analysts suggest caution due to geopolitical implications and regulatory uncertainties. These factors could increase interest in decentralized cryptocurrencies like Bitcoin and Ethereum but may also heighten volatility.
#crpto #PutinStatement
Putin also recently enacted laws advancing crypto mining in Russia, categorizing it as a legitimate economic activity. This move positions Russia as a potential leader in the global crypto market while balancing innovation with regulatory oversight. These developments signal Russia’s strategy to integrate crypto into its economy amid international sanctions.
The market response to these announcements has been mixed. While the broader sentiment supports crypto adoption, some analysts suggest caution due to geopolitical implications and regulatory uncertainties. These factors could increase interest in decentralized cryptocurrencies like Bitcoin and Ethereum but may also heighten volatility.
#crpto #PutinStatement
Ripple is launching its new stablecoin, Ripple USD (RLUSD), today, December 4, 2024, after gaining approval from the New York Department of Financial Services (NYDFS). RLUSD is designed as an overcollateralized, dollar-pegged stablecoin, intended to offer a more stable alternative to the volatile XRP. This launch represents a significant milestone for Ripple as it broadens its ecosystem and diversifies its offerings beyond XRP.
The launch of RLUSD coincides with significant positive momentum for XRP, which has seen a dramatic price increase recently, reaching $2.74—a level last seen in 2018. This surge has been fueled by growing network activity, investor confidence, and Ripple’s broader ecosystem developments.
If you’re looking for further updates on RLUSD or XRP, feel free to ask!
The launch of RLUSD coincides with significant positive momentum for XRP, which has seen a dramatic price increase recently, reaching $2.74—a level last seen in 2018. This surge has been fueled by growing network activity, investor confidence, and Ripple’s broader ecosystem developments.
If you’re looking for further updates on RLUSD or XRP, feel free to ask!
The latest ADP employment report, which showed the U.S. economy added 211,000 private-sector jobs in November 2024, exceeded expectations, signaling continued labor market resilience despite higher interest rates. This has fueled speculation about the Federal Reserve’s monetary policy, with potential implications for interest rates and risk assets like stocks and cryptocurrencies. While the report supports economic strength, it also raises concerns about further Fed tightening, which could weigh on equity markets in the short term ypto Market Impact
The cryptocurrency market has been facing unique dynamics. Bitcoin’s price has been volatile but remains in a bullish cycle, buoyed by anticipation of a spot Bitcoin ETF approval and the upcoming Bitcoin halving in 2024, both of which could drive long-term growth. However, short-term headwinds like regulatory uncertainty and liquidity challenges persist.
Analysts are closely watching how these factors interact with macroeconomic trends influenced by the Fed’s policy stance.
#btc #altsesaon
The cryptocurrency market has been facing unique dynamics. Bitcoin’s price has been volatile but remains in a bullish cycle, buoyed by anticipation of a spot Bitcoin ETF approval and the upcoming Bitcoin halving in 2024, both of which could drive long-term growth. However, short-term headwinds like regulatory uncertainty and liquidity challenges persist.
Analysts are closely watching how these factors interact with macroeconomic trends influenced by the Fed’s policy stance.
#btc #altsesaon
Investing in XRP significant risks. Here’s a breakdown of the factors to consider when evaluating whether it’s a safe investment at the moment:
Factors Supporting XRP Investment:
1. Strong Price Momentum: XRP has experienced substantial growth recently, with its price up over 400% in the past month. This indicates strong market interest and positive sentiment  .
2. Regulatory Progress: Ripple’s partial victory against the SEC earlier this year has provided clarity for some XRP transactions, boosting confidence among investors .
3. Institutional Adoption: Ripple’s cross-border payment solutions continue to gain traction, potentially increasing demand for XRP .
Risks to Consider:
1. Market Volatility: Cryptocurrency markets are notoriously volatile. XRP’s rapid rise may lead to a correction or consolidation in the short term .
2. Regulatory Uncertainty: While Ripple has made legal progress, ongoing or future regulatory challenges could impact XRP’s price.
3. Overbought Conditions: Technical indicators like the RSI suggest that XRP may be overbought, implying the potential for short-term price drops.
Investment Considerations:
• Risk Tolerance: If you are willing to accept the risks associated with high volatility and regulatory uncertainties, XRP could be a good investment option.
• Diversification: Avoid investing all your funds in XRP or any single asset. Diversify across other cryptocurrencies or asset classes.
• Timing: Given its recent price surge, waiting for a correction or consolidation before entering may be wise.
Conclusion:
Investing in XRP now may offer strong growth potential, but it is not without risk. If you choose to invest, do so cautiously and consider allocating only a portion of your portfolio. Always conduct further research.
Factors Supporting XRP Investment:
1. Strong Price Momentum: XRP has experienced substantial growth recently, with its price up over 400% in the past month. This indicates strong market interest and positive sentiment  .
2. Regulatory Progress: Ripple’s partial victory against the SEC earlier this year has provided clarity for some XRP transactions, boosting confidence among investors .
3. Institutional Adoption: Ripple’s cross-border payment solutions continue to gain traction, potentially increasing demand for XRP .
Risks to Consider:
1. Market Volatility: Cryptocurrency markets are notoriously volatile. XRP’s rapid rise may lead to a correction or consolidation in the short term .
2. Regulatory Uncertainty: While Ripple has made legal progress, ongoing or future regulatory challenges could impact XRP’s price.
3. Overbought Conditions: Technical indicators like the RSI suggest that XRP may be overbought, implying the potential for short-term price drops.
Investment Considerations:
• Risk Tolerance: If you are willing to accept the risks associated with high volatility and regulatory uncertainties, XRP could be a good investment option.
• Diversification: Avoid investing all your funds in XRP or any single asset. Diversify across other cryptocurrencies or asset classes.
• Timing: Given its recent price surge, waiting for a correction or consolidation before entering may be wise.
Conclusion:
Investing in XRP now may offer strong growth potential, but it is not without risk. If you choose to invest, do so cautiously and consider allocating only a portion of your portfolio. Always conduct further research.
Currently, XRP appears to be in an overbought condition. Its Relative Strength Index (RSI) recently soared above 93, a level typically considered overbought, indicating a potential period of price consolidation or a correction in the near term. After reaching a recent high of $1.25, XRP has pulled back slightly, suggesting traders are taking profits and evaluating the next market move  .
Despite this, the broader trend for XRP remains bullish, driven by positive momentum and recent legal developments. It continues to trade at relatively high levels, and technical indicators signal strong market interest .
If you’re planning to invest or trade XRP, consider these factors and monitor RSI levels and price trends closely to make informed decisions.
Despite this, the broader trend for XRP remains bullish, driven by positive momentum and recent legal developments. It continues to trade at relatively high levels, and technical indicators signal strong market interest .
If you’re planning to invest or trade XRP, consider these factors and monitor RSI levels and price trends closely to make informed decisions.
DECEMBER 17
FED MEETING
DECISION
The Federal Reserve’s next meeting to discuss monetary policy, including potential interest rate cuts, is scheduled for December 17-18, 2024.
The Federal Reserve is considering another interest rate cut during its December 2024 meeting, following its recent reductions in response to slowing inflation and a weakening job market. The federal funds rate currently stands at 4.50%-4.75% after a 25-basis-point cut earlier this month. Analysts widely expect an additional 25-basis-point cut, which would lower the rate to 4.25%-4.50%.
Fed officials, including Minneapolis Fed President Neel Kashkari, support gradual rate reductions, emphasizing the importance of monitoring economic data closely before proceeding. Key factors influencing the decision include labor market strength and inflation progress toward the 2% target. The Fed is expected to deliberate its next steps during its December 17-18 meeting, guided by upcoming reports on inflation and employment.
FED MEETING
DECISION
The Federal Reserve’s next meeting to discuss monetary policy, including potential interest rate cuts, is scheduled for December 17-18, 2024.
The Federal Reserve is considering another interest rate cut during its December 2024 meeting, following its recent reductions in response to slowing inflation and a weakening job market. The federal funds rate currently stands at 4.50%-4.75% after a 25-basis-point cut earlier this month. Analysts widely expect an additional 25-basis-point cut, which would lower the rate to 4.25%-4.50%.
Fed officials, including Minneapolis Fed President Neel Kashkari, support gradual rate reductions, emphasizing the importance of monitoring economic data closely before proceeding. Key factors influencing the decision include labor market strength and inflation progress toward the 2% target. The Fed is expected to deliberate its next steps during its December 17-18 meeting, guided by upcoming reports on inflation and employment.
BEST BUY PRICE TRB
Range from $ 62 to $ 68
WHY⁉️👇🏾
It has limited SUPPLY !
The price of Tellor (TRB) coin spiked to around $110 on November 10, 2024, due to several factors influencing the market:
1. Whale Activity: There was significant accumulation of TRB by cryptocurrency whales, who moved large amounts of the token from exchanges like Binance. This reduced the circulating supply, pushing up demand and prices  .
2. Network Developments: Tellor’s continued integration into decentralized finance (DeFi) ecosystems, such as deployments on the Manta Pacific mainnet and Filecoin Virtual Machine, enhanced its utility and appeal among investors .
3. Market Momentum: The price increase followed a broader bullish trend for TRB, as the token rebounded from earlier lows. Market confidence and optimism about reaching or surpassing previous highs contributed to the surge  .
These factors combined to drive TRB’s value to notable highs during that period. Let me know if you’d like more details!
Range from $ 62 to $ 68
WHY⁉️👇🏾
It has limited SUPPLY !
The price of Tellor (TRB) coin spiked to around $110 on November 10, 2024, due to several factors influencing the market:
1. Whale Activity: There was significant accumulation of TRB by cryptocurrency whales, who moved large amounts of the token from exchanges like Binance. This reduced the circulating supply, pushing up demand and prices  .
2. Network Developments: Tellor’s continued integration into decentralized finance (DeFi) ecosystems, such as deployments on the Manta Pacific mainnet and Filecoin Virtual Machine, enhanced its utility and appeal among investors .
3. Market Momentum: The price increase followed a broader bullish trend for TRB, as the token rebounded from earlier lows. Market confidence and optimism about reaching or surpassing previous highs contributed to the surge  .
These factors combined to drive TRB’s value to notable highs during that period. Let me know if you’d like more details!
KNOW WHY IT IS DOWN⁉️
On November 26, 2024, the cryptocurrency market experienced a notable drop due to multiple factors:
1️⃣ Liquidation of Leveraged Positions:
Over $280 million worth of leveraged positions were liquidated in the crypto derivatives market, with a majority being long positions. This created a cascading effect, driving prices further down as traders were forced to sell.
2️⃣ Profit-Taking and Market Correction:
After significant gains earlier in the year, many investors started taking profits, particularly in assets like Bitcoin and Ethereum. This resulted in declining prices as momentum slowed down following the approval of Bitcoin ETFs.
3️⃣ Global Economic and Regulatory Factors:
High interest rates and regulatory pressures, especially concerning stablecoins and crypto platforms, contributed to investor uncertainty. These factors combined to reduce market confidence and liquidity.
While the downturn was significant, some analysts view it as a market correction rather than a long-term crash, with potential for recovery, especially in leading cryptocurrencies like Bitcoin and Ethereum.
On November 26, 2024, the cryptocurrency market experienced a notable drop due to multiple factors:
1️⃣ Liquidation of Leveraged Positions:
Over $280 million worth of leveraged positions were liquidated in the crypto derivatives market, with a majority being long positions. This created a cascading effect, driving prices further down as traders were forced to sell.
2️⃣ Profit-Taking and Market Correction:
After significant gains earlier in the year, many investors started taking profits, particularly in assets like Bitcoin and Ethereum. This resulted in declining prices as momentum slowed down following the approval of Bitcoin ETFs.
3️⃣ Global Economic and Regulatory Factors:
High interest rates and regulatory pressures, especially concerning stablecoins and crypto platforms, contributed to investor uncertainty. These factors combined to reduce market confidence and liquidity.
While the downturn was significant, some analysts view it as a market correction rather than a long-term crash, with potential for recovery, especially in leading cryptocurrencies like Bitcoin and Ethereum.
“Goldman Sachs’ Crypto Leap: Tokenizing Real-World Assets for Institutional Investors”
MUST READ!!
Goldman Sachs is advancing its involvement in the crypto and blockchain space by launching three major tokenization projects by the end of 2024. These initiatives aim to tokenize real-world assets (RWAs), such as real estate holdings and money market funds, leveraging both public and private blockchains. The primary focus will be on financial institutions in the U.S. and European markets, creating innovative investment opportunities for major clients.
The bank views tokenization as a way to increase efficiency and expand access to traditional financial markets. By using permissioned blockchains, Goldman Sachs intends to provide faster execution and broader collateral options for securities. This aligns with its broader strategy to deepen its digital asset offerings amidst growing institutional interest in blockchain technology and crypto markets  .
The move follows a surge in institutional demand for tokenized assets and reflects a broader trend among traditional finance giants like BlackRock and Fidelity. This strategic push could further legitimize digital assets and accelerate blockchain adoption in mainstream finance  .
MUST READ!!
Goldman Sachs is advancing its involvement in the crypto and blockchain space by launching three major tokenization projects by the end of 2024. These initiatives aim to tokenize real-world assets (RWAs), such as real estate holdings and money market funds, leveraging both public and private blockchains. The primary focus will be on financial institutions in the U.S. and European markets, creating innovative investment opportunities for major clients.
The bank views tokenization as a way to increase efficiency and expand access to traditional financial markets. By using permissioned blockchains, Goldman Sachs intends to provide faster execution and broader collateral options for securities. This aligns with its broader strategy to deepen its digital asset offerings amidst growing institutional interest in blockchain technology and crypto markets  .
The move follows a surge in institutional demand for tokenized assets and reflects a broader trend among traditional finance giants like BlackRock and Fidelity. This strategic push could further legitimize digital assets and accelerate blockchain adoption in mainstream finance  .
Yes, U.S. Senator Cynthia Lummis, a strong ally of former President Trump, has proposed selling part of the Federal Reserve’s gold reserves to create a “Strategic Bitcoin Reserve.” The plan, which aligns with the pro-crypto stance of the Republican administration, aims to use up to $90 billion from the sale of gold to purchase around 1 million Bitcoin—approximately 5% of Bitcoin’s total supply. The proposal is part of the broader “Bitcoin Bill,” which seeks to position the U.S. as a global leader in cryptocurrency reserves.
Potential Effects on Cryptocurrency:
1. Market Impact: If passed, this move could significantly increase Bitcoin’s price, as government purchases might trigger higher demand and inspire other countries to adopt similar strategies.
2. Volatility Concerns: Critics argue that Bitcoin’s high volatility makes it a risky national reserve asset compared to gold.
3. Mainstream Acceptance: A U.S. Bitcoin reserve would further legitimize cryptocurrencies, potentially accelerating global adoption and integration into mainstream financial systems.
The proposal, however, faces challenges in Congress despite a Republican majority, as lawmakers express caution over Bitcoin’s unpredictability and broader economic implications.
Potential Effects on Cryptocurrency:
1. Market Impact: If passed, this move could significantly increase Bitcoin’s price, as government purchases might trigger higher demand and inspire other countries to adopt similar strategies.
2. Volatility Concerns: Critics argue that Bitcoin’s high volatility makes it a risky national reserve asset compared to gold.
3. Mainstream Acceptance: A U.S. Bitcoin reserve would further legitimize cryptocurrencies, potentially accelerating global adoption and integration into mainstream financial systems.
The proposal, however, faces challenges in Congress despite a Republican majority, as lawmakers express caution over Bitcoin’s unpredictability and broader economic implications.
RED ALERTS!!
The FBI recently raided Polymarket CEO Shayne Coplan’s residence as part of an investigation into potential illegal activities on the crypto prediction platform. Polymarket, known for its U.S. presidential betting, has faced allegations of “wash trading” — artificially inflating activity by manipulating trades to mislead investors. This scrutiny not only impacts Polymarket’s credibility but also raises broader concerns about regulatory risks for similar crypto platforms, potentially leading to decreased investor confidence and market volatility within the crypto sector .
The FBI recently raided Polymarket CEO Shayne Coplan’s residence as part of an investigation into potential illegal activities on the crypto prediction platform. Polymarket, known for its U.S. presidential betting, has faced allegations of “wash trading” — artificially inflating activity by manipulating trades to mislead investors. This scrutiny not only impacts Polymarket’s credibility but also raises broader concerns about regulatory risks for similar crypto platforms, potentially leading to decreased investor confidence and market volatility within the crypto sector .
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BURNGMT
34.1M views
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$LUNC
🚨 LUNC TOKEN PRICE CRASHED 🚨
👀 LUNC Token price dumped 20.89% in just 24 trading hours . 😱
👀 LUNC TOKEN lost almost it's all bullish candles that was gained in previous weeks bullish Trend & according to my research it's best time to entry in market .
🔥🔥🔥 VOTING BURN MECHANISM AND GMT LOCKING EXPLAINED: 😮
The Voting Burn Mechanism is a novel approach designed to engage token holders in the governance and reward structure of the GMT ecosystem. At its core, this mechanism allows users to burn (permanently remove) their GMT tokens to participate in ecosystem decisions and earn rewards. Here's how it works:
1. 60-Day GMT Lock: When participants decide to take part, they must lock their GMT tokens for a period of 60 days. This lock-up ensures commitment to the ecosystem and prevents short-term speculative behavior. During this period, locked tokens cannot be traded, but participants retain the opportunity to influence ecosystem governance by voting on proposals.
2. 100M GMT Reward Pool: A substantial incentive pool of 100 million GMT tokens is set aside to reward participants. Rewards are distributed proportionally based on the number of tokens locked and the level of engagement in the voting process. The pool not only incentivizes active participation but also ensures fairness by rewarding committed users who contribute to ecosystem development.
3. Burning Mechanism: To enhance token scarcity and long-term value, participants are required to burn a portion of their GMT tokens during the process. This reduces the circulating supply, potentially increasing the token's value over time.
This innovative mechanism blends governance, user incentives, and tokenomics to create a sustainable and participatory ecosystem. It benefits both the users, who earn rewards, and the GMT network, which gains value and strengthened governance.
#BURNGMT @GMT DAO $GMT
#BinanceNextWave #2024WithBinance #Share1BNBDaily #Write2Earn! $ME
FAHEEM TRADERS
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