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Tornado Cash Escapes Judgment: U.S. Court Defeats Sanctions for the Second Time
In a significant turn of events, a federal court in Texas has ruled that the U.S. Treasury exceeded its authority in imposing sanctions on Tornado Cash, a decentralized encryption protocol. This is the second time the Treasury has failed to regulate immutable smart contracts.
What Does the Court Say?
The ruling confirms that the immutable smart contracts of #TornadoCash cannot be considered "property" under the International Emergency Economic Powers Act (IEEPA). According to the court:
What Does the Court Say?
The ruling confirms that the immutable smart contracts of #TornadoCash cannot be considered "property" under the International Emergency Economic Powers Act (IEEPA). According to the court:
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#ACA #torn #ENA
Brothers, pay attention, this week there will be 13 projects that will usher in a one-time large-scale token unlock, with a total value of more than 380 million US dollars. @白话币海
Nym (NYM) will unlock about 25 million tokens at 8:00 on May 27, accounting for 3.26% of the current circulation, worth about $4.05 million;
Yield Guild Games (YGG) will unlock about 16.69 million tokens at 10:00 pm on May 27, accounting for 4.49% of the current circulation, worth about $16.94 million;
SingularityNET (AGIX) will unlock about 8.71 million tokens at 8:00 on May 28, accounting for 0.68% of the current circulation, worth about $8.14 million;
Echelon Prime (PRIME) will unlock about 1.66 million tokens at 8:00 on May 31, accounting for 4.23% of the current circulation, worth about $31.66 million;
Optimism (OP) will unlock about 1.66 million tokens at 8:00 on May 31, accounting for 4.23% of the current circulation, worth about $31.66 million; 31.34 million tokens, accounting for 2.88% of the current circulation, worth about $79.61 million;
Tornado Cash (TORN) will unlock about 92,000 tokens at 11:30 on May 31, accounting for 2.41% of the current circulation, worth about $240,000;
Manta Network (MANTA) will unlock about 1.87 million tokens at 7:59 on June 1, accounting for 0.74% of the current circulation, worth about $3.19 million;
1inch (1INCH) will unlock about 98.74 million tokens at 8:00 on June 1, accounting for 8.52% of the current circulation, worth about $41.32 million;
dydx (DYDX) will unlock about 33.33 million tokens at 8:00 on June 1, accounting for 11.91% of the current circulation, worth about $67 million. 10,000 US dollars;
Sui (SUI) will unlock about 65.08 million tokens at 8:00 Beijing time on June 1, accounting for 2.78% of the current circulation, worth about 68.07 million US dollars;
ZetaChain (ZETA) will unlock about 5.29 million tokens at 8:00 on June 1, accounting for 1.99% of the current circulation, worth about 7.99 million US dollars;
Acala (ACA) will unlock about 27.43 million tokens at 3 pm on June 1, accounting for 2.85% of the current circulation, worth about 2.77 million US dollars;
Ethena (ENA) will unlock about 53.60 million tokens at 7:00 on June 2, accounting for 3.62% of the current circulation, worth about 49.33 million US dollars. $ENA $AGIX $MANTA
Brothers, pay attention, this week there will be 13 projects that will usher in a one-time large-scale token unlock, with a total value of more than 380 million US dollars. @白话币海
Nym (NYM) will unlock about 25 million tokens at 8:00 on May 27, accounting for 3.26% of the current circulation, worth about $4.05 million;
Yield Guild Games (YGG) will unlock about 16.69 million tokens at 10:00 pm on May 27, accounting for 4.49% of the current circulation, worth about $16.94 million;
SingularityNET (AGIX) will unlock about 8.71 million tokens at 8:00 on May 28, accounting for 0.68% of the current circulation, worth about $8.14 million;
Echelon Prime (PRIME) will unlock about 1.66 million tokens at 8:00 on May 31, accounting for 4.23% of the current circulation, worth about $31.66 million;
Optimism (OP) will unlock about 1.66 million tokens at 8:00 on May 31, accounting for 4.23% of the current circulation, worth about $31.66 million; 31.34 million tokens, accounting for 2.88% of the current circulation, worth about $79.61 million;
Tornado Cash (TORN) will unlock about 92,000 tokens at 11:30 on May 31, accounting for 2.41% of the current circulation, worth about $240,000;
Manta Network (MANTA) will unlock about 1.87 million tokens at 7:59 on June 1, accounting for 0.74% of the current circulation, worth about $3.19 million;
1inch (1INCH) will unlock about 98.74 million tokens at 8:00 on June 1, accounting for 8.52% of the current circulation, worth about $41.32 million;
dydx (DYDX) will unlock about 33.33 million tokens at 8:00 on June 1, accounting for 11.91% of the current circulation, worth about $67 million. 10,000 US dollars;
Sui (SUI) will unlock about 65.08 million tokens at 8:00 Beijing time on June 1, accounting for 2.78% of the current circulation, worth about 68.07 million US dollars;
ZetaChain (ZETA) will unlock about 5.29 million tokens at 8:00 on June 1, accounting for 1.99% of the current circulation, worth about 7.99 million US dollars;
Acala (ACA) will unlock about 27.43 million tokens at 3 pm on June 1, accounting for 2.85% of the current circulation, worth about 2.77 million US dollars;
Ethena (ENA) will unlock about 53.60 million tokens at 7:00 on June 2, accounting for 3.62% of the current circulation, worth about 49.33 million US dollars. $ENA $AGIX $MANTA
Binance News – April 15, 2025
Binance is negotiating with the U.S. Treasury to reduce oversight from its 2023 legal issues.
They may partner with Trump-backed World Liberty Financial to list a new stablecoin (USD1).
In Nigeria, Binance's tax trial has been delayed to April 30.
Binance will convert delisted coins like TORN and OMG to USDC by April 28—users should act accordingly.
New altcoins VINE and PIPPIN are now on Binance Futures with up to 25x leverage.
$USDC #TORN #OMG #Pippin #newscrypto #NewsAboutCrypto
Binance is negotiating with the U.S. Treasury to reduce oversight from its 2023 legal issues.
They may partner with Trump-backed World Liberty Financial to list a new stablecoin (USD1).
In Nigeria, Binance's tax trial has been delayed to April 30.
Binance will convert delisted coins like TORN and OMG to USDC by April 28—users should act accordingly.
New altcoins VINE and PIPPIN are now on Binance Futures with up to 25x leverage.
$USDC #TORN #OMG #Pippin #newscrypto #NewsAboutCrypto
TORN rises after US Treasury removes Tornado Cash from OFAC sanctions.
Friday, the US Treasury withdrew Tornado Cash addresses from OFAC sanctions.
The judgment may aid Tornado Cash creators in their DOJ case.
TORN rose 73% after the news.
After the US Treasury removed crypto mixer Tornado Cash from its OFAC sanction list, TORN rose beyond 70% on Friday.
Tornado Cash addresses deleted from US sanctions
OFAC removed crypto mixer Tornado Cash from its SDN list.
An update on the OFAC website states that Tornado Cash addresses have been removed from the SDN list, freeing the protocol from US restriction.
"We have exercised our discretion to remove the economic sanctions against Tornado Cash as reflected in Treasury's Monday filing in Van Loon v. Department of the Treasury," the US Treasury announced Friday.
Lazarus Group money laundering tactics continue to worry the Treasury.
OFAC banned US citizens from using Tornado Cash in 2022. Since its 2019 launch, the US Treasury said the network let hackers launder $7 billion in digital assets. North Korea's Lazarus Group and other hackers took these monies.
In 2023, the DOJ charged Tornado Cash co-founders Roman Storm and Roman Semenov for facilitating over $1 billion in Lazarus Group crypto transactions.
Tornado Cash co-founder Alexey Pertsev was convicted of laundering $1.2 billion in cryptocurrencies in May 2024 in the Netherlands. Pertsev received a 64-month sentence.
The US Treasury Department's delisting of Tornado Cash might affect the mixing platform's founders' DOJ lawsuits.
As the US crypto privacy landscape improves, privacy tokens and the DeFi industry benefit from the agency's decision.
The statement sent TORN soaring over 70% to regain $15. It led the privacy token industry with weekly gains of 100%.
TORN's increase is partly due to its $57 million market cap. Thus, minor purchase orders might rapidly change its price.
Tornado Cash's removal from OFAC's sanction list may boost privacy tokens in the coming days.
#TORN #TornadoCash #ETFWatch #TrumpAtDAS #FedWatch
Friday, the US Treasury withdrew Tornado Cash addresses from OFAC sanctions.
The judgment may aid Tornado Cash creators in their DOJ case.
TORN rose 73% after the news.
After the US Treasury removed crypto mixer Tornado Cash from its OFAC sanction list, TORN rose beyond 70% on Friday.
Tornado Cash addresses deleted from US sanctions
OFAC removed crypto mixer Tornado Cash from its SDN list.
An update on the OFAC website states that Tornado Cash addresses have been removed from the SDN list, freeing the protocol from US restriction.
"We have exercised our discretion to remove the economic sanctions against Tornado Cash as reflected in Treasury's Monday filing in Van Loon v. Department of the Treasury," the US Treasury announced Friday.
Lazarus Group money laundering tactics continue to worry the Treasury.
OFAC banned US citizens from using Tornado Cash in 2022. Since its 2019 launch, the US Treasury said the network let hackers launder $7 billion in digital assets. North Korea's Lazarus Group and other hackers took these monies.
In 2023, the DOJ charged Tornado Cash co-founders Roman Storm and Roman Semenov for facilitating over $1 billion in Lazarus Group crypto transactions.
Tornado Cash co-founder Alexey Pertsev was convicted of laundering $1.2 billion in cryptocurrencies in May 2024 in the Netherlands. Pertsev received a 64-month sentence.
The US Treasury Department's delisting of Tornado Cash might affect the mixing platform's founders' DOJ lawsuits.
As the US crypto privacy landscape improves, privacy tokens and the DeFi industry benefit from the agency's decision.
The statement sent TORN soaring over 70% to regain $15. It led the privacy token industry with weekly gains of 100%.
TORN's increase is partly due to its $57 million market cap. Thus, minor purchase orders might rapidly change its price.
Tornado Cash's removal from OFAC's sanction list may boost privacy tokens in the coming days.
#TORN #TornadoCash #ETFWatch #TrumpAtDAS #FedWatch
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🗯️The introduction of crypto regulation in the USA is under threat due to Donald Trump – TD Cowen
💡"Political risks for the crypto market are rising, and the activity of Donald Trump's family in the crypto industry is to blame."
◽️Legislative progress is in question – despite advancements in regulation (rules for stablecoins), the political factor may slow down the process.
◽️Stablecoin #USD1 = risks due to President #usa 's ties to World Liberty Financial, a conflict of interest.
◽️"Concessions" to Trump's partners – Binance is discussing a reduction of regulatory pressure with the US Treasury + simultaneously negotiating collaboration with #WLFI .
◽️The cancellation of sanctions against Tornado Cash (#TORN ) and fewer lawsuits for money laundering add uncertainty.
💡TD Cowen – an American multinational investment bank. Assets under management = 11,000,000,000 $ +.
#tramp #Binance
💡"Political risks for the crypto market are rising, and the activity of Donald Trump's family in the crypto industry is to blame."
◽️Legislative progress is in question – despite advancements in regulation (rules for stablecoins), the political factor may slow down the process.
◽️Stablecoin #USD1 = risks due to President #usa 's ties to World Liberty Financial, a conflict of interest.
◽️"Concessions" to Trump's partners – Binance is discussing a reduction of regulatory pressure with the US Treasury + simultaneously negotiating collaboration with #WLFI .
◽️The cancellation of sanctions against Tornado Cash (#TORN ) and fewer lawsuits for money laundering add uncertainty.
💡TD Cowen – an American multinational investment bank. Assets under management = 11,000,000,000 $ +.
#tramp #Binance
🚨𝐏𝐫𝐢𝐯𝐚𝐜𝐲 𝐏𝐫𝐞𝐯𝐚𝐢𝐥𝐬!
A U.S. court just overturned OFAC sanctions on #TornadoCash. , declaring the Treasury overstepped in 2022.
📈#TORN token spikes as the crypto world celebrates this landmark win for privacy and decentralisation.
A huge moment for the future of crypto freedom!🚀#PrivacyMatters
A U.S. court just overturned OFAC sanctions on #TornadoCash. , declaring the Treasury overstepped in 2022.
📈#TORN token spikes as the crypto world celebrates this landmark win for privacy and decentralisation.
A huge moment for the future of crypto freedom!🚀#PrivacyMatters
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Mox, Hong Kong's first virtual bank to offer cryptocurrency-related investment products, announced that it has expanded its investment options and now offers Bitcoin and Ethereum ETFs! This move marks Mox's leading position in the Hong Kong market.
According to surveys, about one-third of Hong Kong residents have been exposed to cryptocurrencies, and the same proportion of people consider turning their investments to banks that provide cryptocurrency services. Mox saw this trend and quickly launched cryptocurrency ETFs to meet market demand.
Mox offers Hong Kong-listed ETFs with a transaction fee of only 0.12%, starting at HK$30 (about US$3.84); US-listed ETFs have a transaction fee of only 0.01% per share, starting at US$5. These competitive fees are designed to reduce costs through virtual banking advantages and provide investors with quality services.
Mox also plans to launch a direct cryptocurrency purchase function on its platform, a plan that has attracted the attention of financial service providers. #加密市场反弹 #美联储何时降息？ #AI幣 #torn #ORBS $BAKE $SFP $ZEC
According to surveys, about one-third of Hong Kong residents have been exposed to cryptocurrencies, and the same proportion of people consider turning their investments to banks that provide cryptocurrency services. Mox saw this trend and quickly launched cryptocurrency ETFs to meet market demand.
Mox offers Hong Kong-listed ETFs with a transaction fee of only 0.12%, starting at HK$30 (about US$3.84); US-listed ETFs have a transaction fee of only 0.01% per share, starting at US$5. These competitive fees are designed to reduce costs through virtual banking advantages and provide investors with quality services.
Mox also plans to launch a direct cryptocurrency purchase function on its platform, a plan that has attracted the attention of financial service providers. #加密市场反弹 #美联储何时降息？ #AI幣 #torn #ORBS $BAKE $SFP $ZEC
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TORN increases by 100% as Tornado Cash escapes the 'sights' of the U.S. Treasury
According to a statement from the U.S. Treasury, Tornado Cash and several related digital wallet addresses have been removed from the OFAC sanctions list. This move comes after the U.S. Court of Appeals and the Texas District Court ruled that OFAC exceeded its authority.
The judges argued that the smart contract of Tornado Cash cannot be considered as 'property' owned by any foreign individual or entity, and therefore is not within the scope of the International Emergency Economic Powers Act (IEEPA).
Previously, OFAC listed Tornado Cash on the blacklist in August 2022, accusing the platform of supporting North Korean hackers, particularly the Lazarus Group, in laundering over $7 billion in cryptocurrency from cyber attacks.
The decision to remove it is not only a reversal of policy but also reflects a new approach by the U.S. towards blockchain technology.
Treasury Secretary Scott Bessent asserted that the U.S. will continue to closely monitor criminal activities related to cryptocurrency.
Immediately following the announcement, the TORN token price of Tornado Cash surged nearly 100%, from around $7.5 to over $15 in just a few minutes. The crypto community on platforms like X quickly erupted with positive reactions.
Currently, TORN is trading at $10.51, up 23.54% in 24 hours. Trading volume increased by 1,855% to $3.29 million. Tornado Cash's market capitalization stands at $55.26 million.
#Coinbay #TornadoCash #TORN
According to a statement from the U.S. Treasury, Tornado Cash and several related digital wallet addresses have been removed from the OFAC sanctions list. This move comes after the U.S. Court of Appeals and the Texas District Court ruled that OFAC exceeded its authority.
The judges argued that the smart contract of Tornado Cash cannot be considered as 'property' owned by any foreign individual or entity, and therefore is not within the scope of the International Emergency Economic Powers Act (IEEPA).
Previously, OFAC listed Tornado Cash on the blacklist in August 2022, accusing the platform of supporting North Korean hackers, particularly the Lazarus Group, in laundering over $7 billion in cryptocurrency from cyber attacks.
The decision to remove it is not only a reversal of policy but also reflects a new approach by the U.S. towards blockchain technology.
Treasury Secretary Scott Bessent asserted that the U.S. will continue to closely monitor criminal activities related to cryptocurrency.
Immediately following the announcement, the TORN token price of Tornado Cash surged nearly 100%, from around $7.5 to over $15 in just a few minutes. The crypto community on platforms like X quickly erupted with positive reactions.
Currently, TORN is trading at $10.51, up 23.54% in 24 hours. Trading volume increased by 1,855% to $3.29 million. Tornado Cash's market capitalization stands at $55.26 million.
#Coinbay #TornadoCash #TORN
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The Bank of Japan (BOJ) has decided to continue its low interest rate policy amid economic uncertainty to counter market volatility and economic challenges. Shinichi Uchida, deputy governor of the central bank, said monetary easing is essential to support the Japanese economy amid global financial turmoil.
Economic context: Uchida noted that the depreciation of the U.S. dollar and the decline in global stock markets reflect concerns about a slowdown in the U.S. economy. The weak yen has led to higher import prices, posing a risk to consumer prices, while fluctuations in the yen-dollar exchange rate have also affected Japanese stocks.
BitMEX founder Arthur Hayes's view: Hayes believes that Japan's low interest rate policy has created opportunities for "carry trades." This strategy uses low-interest currencies (such as the yen) for high-return investments, making Bitcoin an attractive option for investors seeking higher returns and fighting economic instability.
Investment opportunities: Low interest rates and a weaker yen could reduce debt repayment costs, making high-return assets such as Bitcoin more attractive. #加密市场反弹 #美联储何时降息？ #AI幣 #syn #torn $SFP $BAKE $ZEC
Economic context: Uchida noted that the depreciation of the U.S. dollar and the decline in global stock markets reflect concerns about a slowdown in the U.S. economy. The weak yen has led to higher import prices, posing a risk to consumer prices, while fluctuations in the yen-dollar exchange rate have also affected Japanese stocks.
BitMEX founder Arthur Hayes's view: Hayes believes that Japan's low interest rate policy has created opportunities for "carry trades." This strategy uses low-interest currencies (such as the yen) for high-return investments, making Bitcoin an attractive option for investors seeking higher returns and fighting economic instability.
Investment opportunities: Low interest rates and a weaker yen could reduce debt repayment costs, making high-return assets such as Bitcoin more attractive. #加密市场反弹 #美联储何时降息？ #AI幣 #syn #torn $SFP $BAKE $ZEC
🚨$TORN SURGES 77% IN 24H!
The privacy token is on fire, skyrocketing 77% in the last 24 hours! 🚀📈
#CryptoNewss #TORN #AltcoinSeason
The privacy token is on fire, skyrocketing 77% in the last 24 hours! 🚀📈
#CryptoNewss #TORN #AltcoinSeason
🚨🇺🇸 U.S. TREASURY REMOVES SANCTIONS ON TORNADO CASH
Treasury lifts sanctions after court battle (Van Loon v. Department of the Treasury).
Tornado Cash was previously flagged for aiding North Korean hackers in laundering millions.
Warning remains: Treasury urges caution on illicit crypto activities.
💬 Sec. Scott Bessent: "Securing digital assets from abuse is key to U.S. leadership & financial innovation."
-Source: U.S. Department of the Treasury, Zero Hedge
$Torn
Treasury lifts sanctions after court battle (Van Loon v. Department of the Treasury).
Tornado Cash was previously flagged for aiding North Korean hackers in laundering millions.
Warning remains: Treasury urges caution on illicit crypto activities.
💬 Sec. Scott Bessent: "Securing digital assets from abuse is key to U.S. leadership & financial innovation."
-Source: U.S. Department of the Treasury, Zero Hedge
$Torn
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When a new official takes office, he has three things to do.
The new CEO is from Singapore. Singapore is considered to have sound laws and regulations in the world and the Bao Qingtian model. Therefore, it is normal for some projects such as Tornado to be removed from the shelves, which is pure money laundering. And in the current situation of cz, we need to be even more cautious. So if you look at which coins you hold, it violates the law and discipline of the blockchain!
#BTC #BLAST #torn
The new CEO is from Singapore. Singapore is considered to have sound laws and regulations in the world and the Bao Qingtian model. Therefore, it is normal for some projects such as Tornado to be removed from the shelves, which is pure money laundering. And in the current situation of cz, we need to be even more cautious. So if you look at which coins you hold, it violates the law and discipline of the blockchain!
#BTC #BLAST #torn
🚨 Breaking News: US Treasury Removes Tornado Cash from OFAC Sanctions List! 🚀
The US Treasury has officially removed Tornado Cash from the OFAC sanctions list, marking a major development in the crypto space. As a result, the price of $TORN has surged past $15, witnessing a massive rally! 📈🔥
Is this the beginning of a new era for privacy-focused crypto projects? Share your thoughts below! 👇
#TornadoCash #TORN #CryptoNews #Blockchain
The US Treasury has officially removed Tornado Cash from the OFAC sanctions list, marking a major development in the crypto space. As a result, the price of $TORN has surged past $15, witnessing a massive rally! 📈🔥
Is this the beginning of a new era for privacy-focused crypto projects? Share your thoughts below! 👇
#TornadoCash #TORN #CryptoNews #Blockchain
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Code Behind Bars.
Ah, Tornado Cash — that terrible enemy that made US authorities throw all their efforts into protecting humanity... from computer code. Not from fraudsters, not from hackers, but specifically from a soulless string of characters that, unfortunately for bureaucrats, cannot be interrogated, arrested, or sentenced to life imprisonment.
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At the recent Bitcoin 2024 conference in Nashville, former President Donald Trump gave a rousing speech promising to “Make Crypto Great Again!”
In his speech, Trump said that if he were to win the White House again, his first action would be to fire Gary Gensler, chairman of the Securities and Exchange Commission (SEC). His resolute pledge to expel officials who are skeptical of cryptocurrencies has attracted widespread attention and praise from the cryptocurrency community. Many have expressed concerns about the way the SEC regulates cryptocurrencies, and Trump’s remarks have undoubtedly brought new attention to these voices.
But in reality, is Trump’s promise feasible? While his rhetoric has inspired cryptocurrency supporters, this promise may face many challenges in practice given the legal and political complexities. #加密市场反弹 #美联储何时降息？ #zec #torn #ORBS $SFP $SYN $BAKE
In his speech, Trump said that if he were to win the White House again, his first action would be to fire Gary Gensler, chairman of the Securities and Exchange Commission (SEC). His resolute pledge to expel officials who are skeptical of cryptocurrencies has attracted widespread attention and praise from the cryptocurrency community. Many have expressed concerns about the way the SEC regulates cryptocurrencies, and Trump’s remarks have undoubtedly brought new attention to these voices.
But in reality, is Trump’s promise feasible? While his rhetoric has inspired cryptocurrency supporters, this promise may face many challenges in practice given the legal and political complexities. #加密市场反弹 #美联储何时降息？ #zec #torn #ORBS $SFP $SYN $BAKE
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Ethereum rebounds sharply above $2,700?
Ethereum experienced an exciting rebound on Friday morning, with the price breaking through the $2,700 mark, surpassing Bitcoin and Solana! This increase not only makes up for the losses from Monday's crash, but also makes people full of hope for the recovery of the crypto market.
Current price: According to CoinGecko data, the price of Ethereum is now around $2,664, up 9.6% in a single day. Although it is still down more than 15% this week, this rebound brings positive signals to the market. Trading volume surges: Coinglass shows that trading volume has risen by 5% in the past day, and open interest has also increased by 15%, indicating that investors are optimistic about the future of Ethereum. Market sentiment recovers: The Crypto Fear and Greed Index has recovered from the lows after the FTX crash to "neutral", indicating that market sentiment is gradually warming up.
Large investors such as Jump Crypto and Paradigm have stopped liquidating assets and started to move their $243 million worth of cryptocurrencies, with a large amount of Ethereum also entering exchanges. This move has injected new vitality into the market.
This rebound is not only exciting, but also indicates a rebound in Ethereum and the entire crypto market. #加密市场反弹 #JumpTrading转移资产 #INJ #torn #BAKE $TAO $SUI $XLM
Ethereum experienced an exciting rebound on Friday morning, with the price breaking through the $2,700 mark, surpassing Bitcoin and Solana! This increase not only makes up for the losses from Monday's crash, but also makes people full of hope for the recovery of the crypto market.
Current price: According to CoinGecko data, the price of Ethereum is now around $2,664, up 9.6% in a single day. Although it is still down more than 15% this week, this rebound brings positive signals to the market. Trading volume surges: Coinglass shows that trading volume has risen by 5% in the past day, and open interest has also increased by 15%, indicating that investors are optimistic about the future of Ethereum. Market sentiment recovers: The Crypto Fear and Greed Index has recovered from the lows after the FTX crash to "neutral", indicating that market sentiment is gradually warming up.
Large investors such as Jump Crypto and Paradigm have stopped liquidating assets and started to move their $243 million worth of cryptocurrencies, with a large amount of Ethereum also entering exchanges. This move has injected new vitality into the market.
This rebound is not only exciting, but also indicates a rebound in Ethereum and the entire crypto market. #加密市场反弹 #JumpTrading转移资产 #INJ #torn #BAKE $TAO $SUI $XLM
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Former President Donald Trump announced that he will have a key interview with Tesla CEO Elon Musk next Tuesday in preparation for the November election.
Musk has been a staunch Trump supporter and publicly expressed his support for him after Trump's assassination. He also questioned Google and Meta's secretive ban on Trump and clarified reports of $45 million in monthly donations to the Trump campaign, saying that he plans to donate, but the amount will be much lower.
This interview could have a major impact on the upcoming election! #加密市场反弹 #美联储何时降息？ #torn #zec #ORBS $BAKE $SFP $SYN
Musk has been a staunch Trump supporter and publicly expressed his support for him after Trump's assassination. He also questioned Google and Meta's secretive ban on Trump and clarified reports of $45 million in monthly donations to the Trump campaign, saying that he plans to donate, but the amount will be much lower.
This interview could have a major impact on the upcoming election! #加密市场反弹 #美联储何时降息？ #torn #zec #ORBS $BAKE $SFP $SYN
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8.9 BTC Bollinger Bands expansion and support breakthrough
From the 1-hour chart, the Bollinger Bands of Bitcoin are expanding upward. After the K-line in the evening rushed up and approached below EMA250, the market fluctuated. The support level below the current price is near EMA200, and DIF and DEA have begun to close briefly. If the price breaks through these support levels, we can consider placing long orders between EMA150 and EMA120.
In the 4-hour chart, we see that the price of Bitcoin has broken through EMA30 and has risen all the way to EMA60. This position also explains why it was previously recommended to take profit on long orders above 59,500. The current price is trying to break through EMA60. Once it stabilizes at this position, we can focus on EMA80 and EMA120 as new supports. In terms of MACD, the volume above the 0 axis is not strong, and the DIF fast line has touched the 0 axis, so there may be some retracements in the short term. If you go long at this time, you need to pay attention to whether there will be a short-term pullback.
In the 4-hour chart, we see that the price of Bitcoin has broken through EMA30 and has risen all the way to EMA60. This position also explains why it was previously recommended to take profit on long orders above 59,500. The current price is trying to break through EMA60. Once it stabilizes at this position, we can focus on EMA80 and EMA120 as new supports. In terms of MACD, the volume above the 0 axis is not strong, and the DIF fast line has touched the 0 axis, so there may be some retracements in the short term. If you go long at this time, you need to pay attention to whether there will be a short-term pullback.
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