GOLD RESERVE TRANSPARENCY 🧐 Thomas Massie has filed the Go | Crypto Sat on Binance Square

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GOLD RESERVE TRANSPARENCY 🧐
Thomas Massie has filed the Gold Reserve Transparency Act of 2025, pushing for a full audit of U.S. gold holdings to confirm every ounce.

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📉 Trump Urges Fed to Cut Rates — What It Really Means for the Markets Former U.S. President Donald Trump is back in the spotlight, this time pressuring Fed Chair Jerome Powell to slash interest rates — a move that’s sparking fresh debate on economic policy, power dynamics, and future market outcomes. Interest rates are the central lever for controlling inflation, growth, and liquidity in the economy. Since March 2022, the Fed hiked rates aggressively to tame inflation — pushing them to their highest levels in over two decades. But now? Trump wants them lowered. 📊 Flashback: Trump vs Powell Isn’t New During his presidency (2017–2021), Trump frequently clashed with Powell — publicly criticizing him for not cutting rates fast enough. Back then, Powell resisted, emphasizing the Fed’s independence. It’s déjà vu — and this time, the stakes are even higher with inflation softening and rate cuts already priced in by markets. 🧠 Who Has the Real Power? The President appoints the Fed Chair (with Senate approval), but can’t fire or command them over monetary policy. The Fed is an independent body — its mandate is to ensure price stability and full employment, not to serve political agendas. That said, presidential pressure can sway public sentiment and add heat to internal Fed debates — especially ahead of an election cycle. 🔮 What Could Happen Next? Markets expect rate cuts in late 2025 if inflation stays cool. Trump’s push could accelerate that narrative — possibly: Boosting equity markets on lower yield expectations Weakening the USD, aiding exports Fueling risk-on assets like #Bitcoin and #Gold But if the Fed resists political pressure and inflation surprises to the upside again — volatility could return fast.

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$ETH 1Hr – Elliott Wave Breakdown Ethereum looks to be in the final stretch of a 5-wave impulse, with Wave (5) pushing toward completion. So far, the structure’s holding clean. 🔹 Wave (5) target zones (Fib extensions): • $2,679.64 → 1.618 extension • $2,704.27 → 1.302 extension These levels could mark short-term tops before a corrective phase kicks in. If confirmed, expect a pullback targeting key Fib retracements: 🔻 $2,640.92 (38.2%) 🔻 $2,628.96 (50%) 🔻 $2,617.00 (61.8%) Watch volume and candle behavior near these zones—retracements may offer a cleaner entry.

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🚨 Major Update: WazirX Restructuring Plan Rejected by Singapore Court The Singapore High Court has rejected the restructuring plan proposed by WazirX after the platform was hacked in July 2024, losing over $230M in user funds. WazirX had filed for restructuring in Singapore, aiming to: ▫️Rebalance user token holdings ▫️Start phased distributions ▫️Recover up to 85% of user funds over time But the Court declined the plan, citing lack of transparency and key disclosures missing from WazirX’s side. ⚠️ What were the concerns? WazirX relocated to Panama and rebranded as "Zensui"—but didn’t inform creditors. The Court found this move suspicious and questioned the restructuring’s fairness. Ongoing disputes with Binance also raised doubts around ownership and operations. 🔐 Are user funds at risk? 💡 WazirX confirmed: > “NLPA assets remain safe” — these are not impacted by the court's decision. 🔄 What’s next? WazirX says it's exploring legal options and considering an appeal. They remain focused on beginning user fund distributions ASAP. Users may also pursue legal action in India, now that the moratorium is lifted. The court shut down the plan. WazirX is regrouping. Funds (NLPA) are safe. Legal fights and appeals might follow. Distributions are still the goal.

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📊 Ethereum ETFs are heating up! On June 3, we saw a powerful $109.5M net inflow — a clear sign of growing institutional appetite. ➡️ Inflow: $128.5M ⬅️ Outflow: $19M Total AUM now sits at $4.18B. Momentum is building — and it's all eyes on $ETH ! 👀

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$BTC just completed a classic 5-wave Elliott impulse, topping out around $106.5K — and now we're firmly in an ABC correction. This is a natural cooldown phase that often precedes the next macro move. 📊 Wave Breakdown: ✅ Wave (1)–(5): Strong impulsive structure, confirming bullish control last few days. 🟠 Current: Wave (a) and (b) of the ABC corrective phase are done. 🔻 We're now in Wave (c) — the final leg of the correction. 📉 Target Zones for Wave (c): 1.095 Fib Extension = $104,179 1.618 Fib Extension = $103,310 These are the critical retracement zones to watch for a possible bounce. Historically, Wave (c) often terminates near the 1.618 level in strong trends. 🔍 What to Watch: If #BTC bounces at $103.3K, this could be the bottom of the correction and start of a Wave (1) in the next bullish cycle. A break below $103K might shift structure toward a larger correction, possibly targeting $101K–$100K zone. 🧭 Strategy Outlook: Long bias at support zones with tight stops if $103K fails. Bearish scenario only confirmed if we break $102.9K with volume and structure. 📌 TL;DR: Bitcoin is mid-ABC correction after a powerful 5-wave move. Eyes on $104K–$103.3K for a potential reversal. Market cooling off — but this might just be the setup before the next surge.

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