On the 15-minute timeframe, #MEME has formed a bull flag pattern, a strong bullish indicator. The coin has also successfully retested the breakout level, reinforcing its potential for an upward move. With a potential 10% pump on the horizon, this could be a great setup to watch. Monitor the breakout with volume confirmation for optimal entry !
💡 Additionally, the liquidation heat map reveals significant liquidation volume above the current price. This further supports the likelihood of a bullish breakout, as price movements often aim to trigger these liquidations.
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Bitcoin has recently reached a historic milestone, surpassing $100,000 for the first time in its history. This surge is attributed to several factors, including increasing institutional demand, growing corporate adoption, and the approval of Bitcoin exchange-traded funds (ETFs) by major asset management firms like BlackRock and Fidelity. The entry of these ETFs into the market has played a significant role in boosting Bitcoin's price, attracting both retail and institutional investors.
Moreover, the market sentiment has been further fueled by the election of a crypto-friendly U.S. president, Donald Trump, whose policies are expected to support the crypto industry. As a result, Bitcoin's market capitalization has soared, nearing $2 trillion, positioning it among the most valuable assets globally
This milestone comes after a strong rally in late 2024, where Bitcoin briefly touched $99,574, indicating the ongoing bullish momentum $BTC
Compound ($COMP) has delivered a stunning 38.08% rally, soaring to $122.46 after reaching an intraday high of $144.00. This explosive move follows a break from a prolonged consolidation phase, with bulls firmly in control. The 4-hour chart highlights COMP’s steep climb from $86.61, powered by significant buying volume. However, the sharp rejection at $144.00 suggests the price may face resistance in this zone, creating potential for a short-term pullback to the $90.92 support area.
Traders should remain cautious, as volatility is at its peak. A decisive break above $144.00 could open the door to higher targets at $147.89 or more. Conversely, if COMP fails to hold the $122.50 zone, it could lead to a deeper retracement. With 190% gains over 90 days, COMP remains a top-performing DeFi coin, and its rapid price action demands close monitoring for the next move. $BTC $COMP
Breaking News: Donald Trump to Announce New SEC Chair Tomorrow!
The crypto world is on edge as reports indicate that former President Donald Trump is set to reveal the next SEC Chairperson tomorrow, and all eyes are on Paul Atkins, a former SEC commissioner and vocal proponent of crypto. Atkins has long advocated for clear regulatory frameworks that support innovation in the digital asset space, making him a favored candidate for the role.
What This Means for Crypto Regulations in the U.S.
If Paul Atkins is appointed as the new SEC Chair, it could mark a significant shift in how the U.S. regulates cryptocurrency. Known for his pro-crypto stance, Atkins has been a supporter of policies that foster growth while ensuring compliance. His leadership could help bridge the gap between fostering innovation and ensuring a secure, regulated environment for digital assets.
Potential Impact on the Crypto Market
Atkins’ potential appointment could be a game-changer for the crypto market. With a regulatory environment more conducive to innovation, we could see a wave of mainstream adoption, as investors and traders would gain confidence in the stability and clarity of the market. This development could boost the overall crypto ecosystem, driving new investments and enhancing the credibility of digital currencies.
Stay tuned for more updates as we await the official announcement—this could be a defining moment for the future of crypto in the U.S.! #Share1BNBDaily #MicrosoftBTCInvestmentVote #ETHOnTheRise
Ethereum Price Forecast: Investors bought $1.2 billion of ETH as crucial pattern suggests $5,000 surge
In the previous five days, exchanges sold approximately $1.2 billion in ETH to investors.
Ethereum investment goods netted $2.2 billion in 2024, a record.
If Ethereum sustains a rounded bottom pattern, it might reach $4,868, its all-time high.
Despite strong accumulation on spot exchanges and investment
ETH investors withdraw $1.2 billion from exchanges as investment products reach record.
Since November 28, the ETH Exchange Reserve, which tracks exchange-held currencies, has fallen. Investor purchasing increases as exchange reserve coin values fall.
Coinglass data shows $24.2 million inflows for US spot Ethereum ETFs on December 2, the sixth straight day of positive flows.
According to CoinShares' digital assets weekly report, Ethereum investment products had $634 million inflows last week.
Inflows have surpassed their 2021 record of ~$2 billion, with total annual net flows reaching $2.2 billion, according to CoinShares analysts.
Ethereum co-founder Vitalik Buterin suggested wallet developers enhance cross-L2 transaction security, privacy, and user experience.
"A user only benefits from any decentralization, censorship resistance, security, privacy, or other properties that Ethereum and its applications offer to the extent that the wallet itself also has these properties," Buterin said in a post.
Coinglass data shows Ethereum trading at $3,570 with $49.13 million in liquidations in the previous 24 hours. They liquidated $37.62 million and $11.52 million in long and short bets.
Ethereum is challenging $3,578 after rejecting descending trendline resistance, which it rose above last week to confirm a rounded bottom.
ETH might challenge the falling trendline resistance again if it rebounds off $3,578 or $3,410. If ETH breaks above this level, it might complete the rounded bottom pattern with a 35% rally to $4,868, its all-time high.
Earn Wednesday: New Limited-Time Offers Available Now! (2024-12-04)
This is a general announcement and marketing communication. Products and services referred to here may not be available in your region. Fellow Binancians, Binance Earn presents to you new offers that will launch each Wednesday. Stay tuned for Earn Wednesday to get rewards across Simple Earn, ETH Staking, SOL Staking, Dual Investment and more. Trending Limited-Time Offers ProductOfferingsDurationAPRMin. Subscription Limit per UserMax. Subscription Limit per User Flexible ProductsUSDTFlexibleReal-Time APR(Approx. 15.5%)+5% Bonus Tiered APR(Tier 0 - 500 USDT)0.1 USDTUnlimitedUSDCFlexibleReal-Time APR(Approx. 8%)+9% Bonus Tiered APR(Tier 0 - 500 USDC)0.1 USDCUnlimitedETHFlexibleReal-Time APR(Approx. 1.11%)+0.5% Bonus Tiered APR(Tier 0 - 0.2 ETH)0.002 ETHUnlimitedGMTFlexibleReal-Time APR(Approx. 15%)1 GMT4,500,000 GMTSXPFlexibleReal-Time APR(Approx. 13%)1 SXP3,500,000 SXPQIFlexibleReal-Time APR(Approx. 1%)10 QI14,000,000 QILocked ProductsBNB120 Days0.28% + HODLer Airdrops, Megadrop, and Launchpool rewards (where applicable)0.05 BNB300,000 BNBFDUSD14 Days16.2%0.1 FDUSD1,000 FDUSDETH StakingETHFlexibleDynamic APR (Approx. 2.8%)0.0001 ETHUnlimitedSOL StakingSOLFlexibleDynamic APR (Approx. 8%)+Super Stake rewards (where applicable)0.01 SOLUnlimitedDual InvestmentBTCMultiple Settlement DatesUp to 15% or more0.00001 BTC200 BTC per subscriptionETHMultiple Settlement DatesUp to 15% or more0.0001 ETH4,000 ETH per subscription Please Note: Flexible and Locked ProductsBinance reserves the right to adjust APRs at any time without prior notice.Offers are available on a first-come, first-served basis. Once subscribed, users can view their assets by going to Wallets > Earn.Users may choose to redeem their assets in advance in Simple Earn Locked Products. After choosing early redemption, the principal will be returned to the Spot Account, and the distributed interest will be deducted from the refunded principal. Due to differing global time zones, it may take up to 72 hours to receive the tokens. However, in the case of exceptional circumstances the return of such assets may be delayed further. Please see our terms and risk warning for more details.Users will automatically receive rewards from ongoing Launchpools when they hold BNB Flexible Product and/or BNB Locked Product positions. Refer to this announcement for more information.Users may also accrue scores and qualify for Megadrop rewards with active BNB Locked Products positions. For more details, please refer to the FAQ. On top of that, users who subscribe to BNB Simple Earn products (Flexible and/or Locked) with their BNB holdings can receive airdropped tokens via HODLer Airdrops. ********** More Earn Updates & Attractive Promotions Introducing Pyth Network (PYTH) on BNSOL Super Stake: HODL BNSOL to Get PYTH APR Boost Airdrop Rewards Users who hold BNSOL or stake SOL into BNSOL in their Binance account or Web3 Wallet from 2024-12-02 00:00 (UTC) to 2024-12-16 23:59 (UTC) will receive PYTH APR Boost Airdrop Rewards. For more information, refer to this announcement. Dual Investment Binance has launched a new batch of Dual Investment products with updated Target Prices and Settlement Dates, where users can utilize our Sell High or Buy Low products. SELL HIGH Target Users: Users who want to accumulate high rewards on the cryptocurrency holdings, orUsers who want to sell the Deposit Currency for a higher price in the future, compared to the market price on the subscription date. Deposit CurrencySell ForSettlement DatesBTC, ETH, BNB, SOL, or any of the other 18 tokensUSDT, FDUSD, or USDC2024-12-062024-12-102024-12-132024-12-172024-12-202024-12-272025-01-312025-02-28ETHBTCBNBBTC or ETH BUY LOW Target Users: Users who want to accumulate high rewards on stablecoin holdings, orUsers who want to buy a cryptocurrency for a lower price in the future, compared to the market price on the subscription date. Deposit CurrencyCryptocurrency to BuySettlement DatesUSDT, FDUSD, or USDCBTC, ETH, BNB, SOL, or any of the other 18 tokens2024-12-062024-12-102024-12-132024-12-172024-12-202024-12-272025-01-312025-02-28BTCETH or BNBETHBNB ********** Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2024-12-04 Disclaimer: USDC is an e-money token issued by Circle Internet Financial Europe SAS (https://www.circle.com/). USDC’s whitepaper is available here. You may contact Circle using the following contact information: +33(1)59000130 and EEA-Customer-Support@circle.com. Holders of USDC have a legal claim against Circle SAS as the EU issuer of USDC. These holders are entitled to request redemption of their USDC from Circle SAS. Such redemption will be made at any time and at par value.
At 29 November 2024, The cryptocurrency entrepreneur Justin Sun has fulfilled a promise he made after spending $6.2m (£4.88m) on an artwork featuring a banana duct-taped to a wall – by eating the fruit.
At one of Hong Kong’s priciest hotels, Sun, 34, chomped down on the banana in front of dozens of journalists and influencers after giving a speech hailing the work as “iconic” and drew parallels between conceptual art and cryptocurrency.
How long will this increase be before the correction returns?
🚨💸 Donald Trump has issued a stern warning to the BRICS nations (Brazil, Russia, India, China, and South Africa) 🌎. If they attempt to replace the US dollar with a new currency, they'll face a whopping 100% tariff on their goods 📦. Trump emphasized that the US won't stand idly by while the BRICS countries try to undermine the dollar's dominance 💪 .
The BRICS nations have been exploring alternatives to the dollar, which has raised concerns in Washington 🤔. They've been discussing setting up new trading channels and possibly implementing a single currency for intra-BRICS trade 📈.
Trump's warning is a clear indication that the US won't tolerate any attempts to weaken the dollar's position as the global reserve currency 🚫. The proposed tariffs would have significant economic consequences, including higher costs for American companies and consumers, and potential retaliatory actions from the BRICS nations 📊.
*The Impact of Trump's Tariff Threats:*
- _Higher Costs:_ American companies and consumers may face higher costs due to the tariffs 📈. - _Retaliatory Actions:_ The BRICS nations may retaliate with their own tariffs, escalating trade tensions 📊. - _Global Economic Consequences:_ The tariffs could have far-reaching consequences for the global economy, including reduced trade and economic growth 🌎.
It's unclear whether Trump would actually impose the tariffs, but his warning is a clear indication of the US's commitment to protecting the dollar's dominance 💪 .
Ancient8, a member of the Superchain, has secured a significant grant from Optimism's Governance Fund, marking a crucial milestone in their mission to revolutionize Web3 gaming. By collaborating with Optimism, Ancient8 aims to create scalable, decentralized, and user-friendly solutions. The grant will be utilized to expand their ecosystem, support developers, and engage a wider community in Web3. Additionally, Ancient8 is hosting the Builder Jam Hackathon in partnership with Kyros Ventures, ZKP Labs, and Orochi Network, offering substantial prizes to encourage innovation in the Web3 space. With a focus on empowering developers and strengthening collaboration within the Superchain, Ancient8 is poised to shape the future of Web3 gaming. Through their suite of Web3 gaming infrastructure tools, Ancient8 is dedicated to onboarding millions of gamers and supporting game developers worldwide. Read more AI-generated news on: https://app.chaingpt.org/news