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#TrumpFiresFedGovernorCook Donald Trump has threatened to fire Federal Reserve Governor Lisa Cook if she doesn't resign amid allegations of mortgage fraud. Cook has consistently voted with Fed Chair Jerome Powell to keep interest rates steady. Here's what's happening ¹: - *Allegations against Cook*: Federal Housing Finance Agency Director Bill Pulte accused Cook of falsely claiming two different homes as her primary residence. A criminal referral was sent to the Justice Department, which has opened an investigation. - *Cook's response*: Cook denies any wrongdoing, stating she has "no intention of being bullied to step down" and is reviewing records to respond to questions. - *Trump's statement*: Trump told reporters, "What she did was bad... I’ll fire her if she doesn’t resign." - *Potential lawsuit*: Cook is reportedly planning to file a lawsuit against Trump's attempt to remove her. It's worth noting that Cook was appointed by former President Joe Biden, and her term as a Fed governor runs until 2030. The situation is ongoing, with developments unfolding rapidly. rates."#TrumpFiresFedGovernorCook $ETH
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#FedDovishNow Morgan Stanley, a major US bank, has changed its view on the September interest rate meeting. Morgan Stanley has updated its forecast: The Fed will cut interest rates by 0.25% in September, another 0.25% in December, and consistently 0.25% every quarter until the end of 2026, bringing the basic interest rate to the 2.75% – 3.0% range. This is a significant change because the bank previously believed the Fed would remain on hold until March 2026. The reason is that Powell's tone at Jackson Hole has shifted, focusing less on persistent inflation or low unemployment and instead emphasizing the possibility of the Fed acting early to prevent a weakening labor market. Powell's speech at Jackson Hole has led many major players, such as Barclays, BNP Paribas, and Deutsche Bank, to simultaneously forecast a 0.25% Fed cut in September. Only BofA has maintained its view that the Fed will not touch interest rates this year. every buy now #Maker #update #FedDovishNow
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Binance Futures Mock and Futures Testnet Upgrade and Revamp Binance offers a Mock Trading feature for Futures trading, allowing users to practice with virtual funds in a testnet environment. This feature helps users sharpen their trading skills without risking real money. *Key Features:* - *Virtual Funds*: Users receive $3,000 USDT in virtual funds to trade with. - *Leverage*: Users can utilize up to 125x leverage in the testnet environment. - *Real-time Market Data*: The testnet environment replicates real-time market conditions, allowing users to test strategies without financial risk. - *Futures Trading*: Users can practice trading futures contracts with various assets. *Accessing Binance Futures Mock Trading:* 1. *Log in to Binance*: Go to the Binance website and log in to your account. 2. *Visit Binance Futures Page*: Navigate to the Binance Futures page and select "Mock Trading" from the profile icon menu. 3. *Activate Mock Trading*: Approve the connection to the testnet, and you'll be redirected to the futures trading page with virtual funds. *Benefits:* - *Risk-Free Learning*: Practice trading without risking real money. - *Strategy Testing*: Test different trading strategies and indicators. - *Familiarization with Binance Interface*: Get comfortable with Binance's tools and trading layout. - *Building Confidence*: Gain experience and reduce fear when transitioning to live trading ¹ ² ³.
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Binance Will Add Dolomite (DOLO) on Earn, Buy Crypto, Convert & Margin Binance has announced the addition of Dolomite (DOLO) to its platform, specifically on Earn, Buy Crypto, Convert, and Margin. Here's what you need to know ¹ ²: - *Availability*: DOLO will be available for subscription on Binance's coin-earning current account product, one-click purchase, instant exchange, and leveraged trading. - *Trading Pairs*: Users can trade DOLO with USDT and USDC, including cross-margin and isolated margin trading pairs (DOLO/USDT and DOLO/USDC). - *Listing Time*: The listing occurred on August 27, 2024, at 16:00 UTC, with trading and other services starting shortly after. - *Airdrop*: Binance also launched an airdrop for DOLO, with 15 million tokens allocated, accounting for 1.5% of the maximum token supply. *Dolomite (DOLO) Details* - *Current Price*: $0.2304 (up 8.3% in 24 hours) - *Market Cap*: $89,422,279 (ranking #551 on CoinGecko) - *Circulating Supply*: 385,158,367 DOLO tokens - *Total Supply*: 1 billion DOLO tokens *Where to Buy DOLO* - *Centralized Exchanges*: Bybit, Gate, Bitget, MEXC, Hibt, LBank, and BitKan - *Decentralized Exchanges*: Uniswap V4 (Ethereum) Keep in mind that cryptocurrency markets are highly volatile, and prices may fluctuate rapidly. Always do your own research and consider your risk tolerance before investing ². $ETH $SOL
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