erick onsongo
Open Trade
BNB Holder
Frequent Trader
6.3 Years
Am a reflection of the past
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Centralized and decentralized exchanges are two ways to trade cryptocurrency. Centralized exchanges like Binance or Coinbase are easy to use, fast, and support regular money. They offer customer support but require kyc and hold your funds, which can be risky if hacked. Decentralized exchanges like Uniswap let you trade directly from your wallet. They offer more privacy, lower fees, and you control your funds. However, they can be slower, harder to use, and have less trading activity. If you prefer a simple, beginner-friendly option,#CEX are better. If you value privacy and control, #DEX are a good choice.
#CEXvsDEX101
#CEXvsDEX101
📉 U.S. Dollar Drops on Weaker Economic Data — Market Recap for May 29, 2025
The dollar index (DXY00) today is down by -0.47%. The dollar today fell from a 1-week high and turned lower on today's US economic news that showed the Q1 core PCE price index revised lower and continuing unemployment claims unexpectedly climbing to a 3-1/2 year high, dovish factors for Fed policy. Strength in stocks today has also curbed liquidity demand for the dollar. Losses in the dollar accelerated after US Apr pending home sales posted their biggest decline in more than 2-1/2 years.
The dollar today initially moved higher after a US trade court late Wednesday ruled that some of President Trump's tariffs were illegal. The dollar also garnered support from today's US economic news that showed Q1 GDP revised upward.
US weekly initial unemployment claims rose +14,000 to 340,000, showing a weaker labor market than expectations of 230,000. Weekly continuing claims unexpectedly rose +22,000 to a 3-1/2 year high of 1.919 million versus expectations of a decline to 1.893 million.
US Q1 GDP was revised upward to -0.2% (q/q annualized) from the previously reported -0.3%. The Q1 core PCE price index was revised lower to 3.4% q/q from the previously reported 3.5% q/q.
US Apr pending home sales fell -6.3% m/m, weaker than expectations of -1.0% m/m and the largest decline in more than 2-1/2 years.
The US Court of International Trade issued a unanimous ruling late Wednesday that said President Trump wrongfully invoked an emergency ruling to justify his "Liberation Day" tariffs on global goods. The order applies to Trump's global 10% flat tariff, elevated rates on China and other countries, and his fentanyl-related tariffs on China, Canada, and Mexico. Other tariffs imposed under different powers, like the Section 232 and Section 301 tariffs, are unaffected and include the tariffs on steel, aluminum, and automobiles. The court gave the administration 10 days to "effectuate" its order.
The markets are discounting the chances at 2% for a -25 bp rate cut after the June 17-18 FOMC meeting.
EUR/USD (^EURUSD) today is up by +0.61%. The euro today recovered from a 1-1/2 week low and rallied after the dollar gave up overnight gains and turned lower. The euro initially moved lower on overnight trade after the dollar briefly spiked higher when a US trade court ruled that some of President Trump's tariffs were illegal.
Swaps are discounting the chances at 99% for a -25 bp rate cut by the ECB at the June 5 policy meeting.
USD/JPY (^USDJPY) today is down by -0.40%. The yen today recovered from a 2-week low against the dollar and turned higher after the dollar gave up overnight gains and retreated on Fed-friendly US economic news on weekly jobless claims and the Q1 core PCE price index. The yen also garnered support on today's economic news that showed Japan's May consumer confidence index rose more than expected. In addition, lower T-note yields today are supportive of the yen.
The yen today initially moved lower when the dollar briefly rallied when a US trade court ruled that some of President Trump's tariffs were illegal. Also, the strength in global equity markets today has curbed safe-haven demand for the yen.
The Japan May consumer confidence index rose +1.6 to 32.8, stronger than expectations of 31.8.
June gold (GCM25) today is up +20.60 (+0.63%), and July silver (SIN25) is up +0.110 (+0.33%). Precious metals today recovered from early losses and turned higher after the dollar index fell from a 1-week high and moved lower. Today's US economic news showed weekly jobless claims rose more than expected, a dovish factor that knocked T-note yields lower and boosted precious metals prices. Precious metals prices also have continued safe-haven support from uncertainty about global trade relations and geopolitical tensions in Ukraine and the Middle East.
Gold prices today initially fell to a 1-week low after a US trade court late Wednesday ruled that some of President Trump's tariffs were illegal. Today's rally in global equity markets has also curbed safe-haven demand for precious metals. In addition, easing inflation expectations is curbing demand for gold as an inflation hedge after the US 10-year breakeven inflation rate fell to a 2-week low today.
#TrumpTariffs $BTC #USDT🔥🔥🔥
The dollar today initially moved higher after a US trade court late Wednesday ruled that some of President Trump's tariffs were illegal. The dollar also garnered support from today's US economic news that showed Q1 GDP revised upward.
US weekly initial unemployment claims rose +14,000 to 340,000, showing a weaker labor market than expectations of 230,000. Weekly continuing claims unexpectedly rose +22,000 to a 3-1/2 year high of 1.919 million versus expectations of a decline to 1.893 million.
US Q1 GDP was revised upward to -0.2% (q/q annualized) from the previously reported -0.3%. The Q1 core PCE price index was revised lower to 3.4% q/q from the previously reported 3.5% q/q.
US Apr pending home sales fell -6.3% m/m, weaker than expectations of -1.0% m/m and the largest decline in more than 2-1/2 years.
The US Court of International Trade issued a unanimous ruling late Wednesday that said President Trump wrongfully invoked an emergency ruling to justify his "Liberation Day" tariffs on global goods. The order applies to Trump's global 10% flat tariff, elevated rates on China and other countries, and his fentanyl-related tariffs on China, Canada, and Mexico. Other tariffs imposed under different powers, like the Section 232 and Section 301 tariffs, are unaffected and include the tariffs on steel, aluminum, and automobiles. The court gave the administration 10 days to "effectuate" its order.
The markets are discounting the chances at 2% for a -25 bp rate cut after the June 17-18 FOMC meeting.
EUR/USD (^EURUSD) today is up by +0.61%. The euro today recovered from a 1-1/2 week low and rallied after the dollar gave up overnight gains and turned lower. The euro initially moved lower on overnight trade after the dollar briefly spiked higher when a US trade court ruled that some of President Trump's tariffs were illegal.
Swaps are discounting the chances at 99% for a -25 bp rate cut by the ECB at the June 5 policy meeting.
USD/JPY (^USDJPY) today is down by -0.40%. The yen today recovered from a 2-week low against the dollar and turned higher after the dollar gave up overnight gains and retreated on Fed-friendly US economic news on weekly jobless claims and the Q1 core PCE price index. The yen also garnered support on today's economic news that showed Japan's May consumer confidence index rose more than expected. In addition, lower T-note yields today are supportive of the yen.
The yen today initially moved lower when the dollar briefly rallied when a US trade court ruled that some of President Trump's tariffs were illegal. Also, the strength in global equity markets today has curbed safe-haven demand for the yen.
The Japan May consumer confidence index rose +1.6 to 32.8, stronger than expectations of 31.8.
June gold (GCM25) today is up +20.60 (+0.63%), and July silver (SIN25) is up +0.110 (+0.33%). Precious metals today recovered from early losses and turned higher after the dollar index fell from a 1-week high and moved lower. Today's US economic news showed weekly jobless claims rose more than expected, a dovish factor that knocked T-note yields lower and boosted precious metals prices. Precious metals prices also have continued safe-haven support from uncertainty about global trade relations and geopolitical tensions in Ukraine and the Middle East.
Gold prices today initially fell to a 1-week low after a US trade court late Wednesday ruled that some of President Trump's tariffs were illegal. Today's rally in global equity markets has also curbed safe-haven demand for precious metals. In addition, easing inflation expectations is curbing demand for gold as an inflation hedge after the US 10-year breakeven inflation rate fell to a 2-week low today.
#TrumpTariffs $BTC #USDT🔥🔥🔥
Trading cryptocurrencies or other assets involves different methods. Knowing these helps you trade smarter.
Here are three main types:
1. Spot Trading:
* This is like buying something directly and owning it immediately at the current price.
* It's good for beginners because it's simpler and you only risk what you invest.
* It's often used for long-term investments.
2. Margin Trading:
* This allows you to borrow money to buy more assets than you could with just your own funds.
* While it can lead to bigger profits, it also significantly increases your risk if the price moves against you.
* It's best for experienced traders.
3. Futures Trading:
* This is an agreement to buy or sell an asset at a specific price on a future date.
* You're speculating on the price without directly owning the asset.
* This method is generally for advanced traders due to its complexity and leverage.
Choose your trading method based on your comfort with risk, available capital, and market knowledge. Many new traders start with Spot trading and gain experience before exploring Margin or Futures. #TradingTypes101
Here are three main types:
1. Spot Trading:
* This is like buying something directly and owning it immediately at the current price.
* It's good for beginners because it's simpler and you only risk what you invest.
* It's often used for long-term investments.
2. Margin Trading:
* This allows you to borrow money to buy more assets than you could with just your own funds.
* While it can lead to bigger profits, it also significantly increases your risk if the price moves against you.
* It's best for experienced traders.
3. Futures Trading:
* This is an agreement to buy or sell an asset at a specific price on a future date.
* You're speculating on the price without directly owning the asset.
* This method is generally for advanced traders due to its complexity and leverage.
Choose your trading method based on your comfort with risk, available capital, and market knowledge. Many new traders start with Spot trading and gain experience before exploring Margin or Futures. #TradingTypes101
Markets welcome court ruling against Trump's tariffs as shares, US dollar and oil gain
Financial markets welcomed a U.S. court ruling that blocks President Donald Trump from imposing sweeping tariffs on imports under an emergency-powers law.
U.S. futures jumped early Thursday and oil prices rose more than $1. The U.S. dollar rose against the yen and euro.
The court found the 1977 International Emergency Economic Powers Act, which Trump has cited as his basis for ordering massive increases in import duties, does not authorize the use of tariffs.
The White House immediately appealed and it was unclear if Trump would abide by the ruling in the interim. The long term outcome of legal disputes over tariffs remains uncertain. But investors appeared to take heart after the months of turmoil brought on by Trump's trade war.
The future for the S&P 500 was up 1.5% while that for the Dow Jones Industrial Average gained 1.2%.
In early European trading, Germany's DAX gained 0.5% to 24,160.75. The CAC 40 in Paris jumped 0.9% to 7,860.67. Britain's FTSE was nearly unchanged at 8,722.63.
Japan’s Nikkei 225 index jumped 1.9% to 38,432.98. American’s largest ally in Asia has been appealing to Trump to cancel the tariffs he has ordered on imports from Japan and to also stop 25% tariffs on steel, aluminum and autos.
The ruling also pushed the dollar sharply higher against the Japanese yen. It was trading at 145.40 yen early Thursday, up from 144.87 yen late Wednesday.
A three-judge panel ruled on several lawsuits arguing Trump exceeded his authority, casting doubt on trade policies that have jolted global financial markets, frustrated trade partners and raised uncertainty over the outlook for inflation and the global economy.
Many of Trump's double-digit tariff hikes are paused for up to 90 days to allow time for trade negotiations, but the uncertainty they cast over global commerce has stymied businesses and left consumers wary about what lies ahead.
“Just when traders thought they’d seen every twist in the tariff saga, the gavel dropped like a lightning bolt over the Pacific,” Stephen Innes of SPI Asset Management said in a commentary.
The ruling was, at the least, “a brief respite before the next thunderclap,” he said.
Elsewhere in Asia, Hong Kong's Hang Seng added 1.3% to 23,561.86, while the Shanghai Composite index gained 0.7% to 3,363.45.
Australia's S&P/ASX 200 gained 0.2% to 8,409.80.
In South Korea, which like Japan relies heavily on exports to the U.S., the Kospi surged 1.9% to 2,720.64. Shares also were helped by the Bank of Korea's decision to cut its key interest rate to 2.5% from 2.75%, to ease pressure on the economy.
Taiwan's Taiex edged 0.1% lower, and India's Sensex lost 0.2%.
On Wednesday, U.S. stocks cooled, with the S&P 500 down 0.6% but still within 4.2% of its record after charging higher amid hopes that the worst of the turmoil caused by Trump’s trade war may have passed. It had been roughly 20% below the mark last month.
The Dow industrials lost 0.6% and the Nasdaq composite fell 0.5%.
Trading was relatively quiet ahead of a quarterly earnings release for Nvidia, which came after markets closed.
The bellwether for artificial intelligence overcame a wave of tariff-driven turbulence to deliver another quarter of robust growth thanks to feverish demand for its high-powered chips that are making computers seem more human. Nvidia's shares jumped 6.6% in afterhours trading.
Like Nvidia, Macy’s stock also swung up and down through much of the day, even though it reported milder drops in revenue and profit for the latest quarter than analysts expected. Its stock ended the day down 0.3%.
The bond market showed relatively little reaction after the Federal Reserve released the minutes from its latest meeting earlier this month, when it left its benchmark lending rate alone for the third straight time. The central bank has been holding off on cuts to interest rates, which would give the economy a boost, amid worries about inflation staying higher than hoped because of Trump’s sweeping tariffs.
In other dealings early Thursday, the yield on the 10-year Treasury rose to 4.52% from 4.47% late Wednesday.
U.S. benchmark crude oil gained $1.06 to $62.90 per barrel. Brent crude, the international standard, added $1.00 to $65.32 per barrel.
The euro slipped to $1.1280 from $1.1292.
#trumptarifts #oil #EUR
U.S. futures jumped early Thursday and oil prices rose more than $1. The U.S. dollar rose against the yen and euro.
The court found the 1977 International Emergency Economic Powers Act, which Trump has cited as his basis for ordering massive increases in import duties, does not authorize the use of tariffs.
The White House immediately appealed and it was unclear if Trump would abide by the ruling in the interim. The long term outcome of legal disputes over tariffs remains uncertain. But investors appeared to take heart after the months of turmoil brought on by Trump's trade war.
The future for the S&P 500 was up 1.5% while that for the Dow Jones Industrial Average gained 1.2%.
In early European trading, Germany's DAX gained 0.5% to 24,160.75. The CAC 40 in Paris jumped 0.9% to 7,860.67. Britain's FTSE was nearly unchanged at 8,722.63.
Japan’s Nikkei 225 index jumped 1.9% to 38,432.98. American’s largest ally in Asia has been appealing to Trump to cancel the tariffs he has ordered on imports from Japan and to also stop 25% tariffs on steel, aluminum and autos.
The ruling also pushed the dollar sharply higher against the Japanese yen. It was trading at 145.40 yen early Thursday, up from 144.87 yen late Wednesday.
A three-judge panel ruled on several lawsuits arguing Trump exceeded his authority, casting doubt on trade policies that have jolted global financial markets, frustrated trade partners and raised uncertainty over the outlook for inflation and the global economy.
Many of Trump's double-digit tariff hikes are paused for up to 90 days to allow time for trade negotiations, but the uncertainty they cast over global commerce has stymied businesses and left consumers wary about what lies ahead.
“Just when traders thought they’d seen every twist in the tariff saga, the gavel dropped like a lightning bolt over the Pacific,” Stephen Innes of SPI Asset Management said in a commentary.
The ruling was, at the least, “a brief respite before the next thunderclap,” he said.
Elsewhere in Asia, Hong Kong's Hang Seng added 1.3% to 23,561.86, while the Shanghai Composite index gained 0.7% to 3,363.45.
Australia's S&P/ASX 200 gained 0.2% to 8,409.80.
In South Korea, which like Japan relies heavily on exports to the U.S., the Kospi surged 1.9% to 2,720.64. Shares also were helped by the Bank of Korea's decision to cut its key interest rate to 2.5% from 2.75%, to ease pressure on the economy.
Taiwan's Taiex edged 0.1% lower, and India's Sensex lost 0.2%.
On Wednesday, U.S. stocks cooled, with the S&P 500 down 0.6% but still within 4.2% of its record after charging higher amid hopes that the worst of the turmoil caused by Trump’s trade war may have passed. It had been roughly 20% below the mark last month.
The Dow industrials lost 0.6% and the Nasdaq composite fell 0.5%.
Trading was relatively quiet ahead of a quarterly earnings release for Nvidia, which came after markets closed.
The bellwether for artificial intelligence overcame a wave of tariff-driven turbulence to deliver another quarter of robust growth thanks to feverish demand for its high-powered chips that are making computers seem more human. Nvidia's shares jumped 6.6% in afterhours trading.
Like Nvidia, Macy’s stock also swung up and down through much of the day, even though it reported milder drops in revenue and profit for the latest quarter than analysts expected. Its stock ended the day down 0.3%.
The bond market showed relatively little reaction after the Federal Reserve released the minutes from its latest meeting earlier this month, when it left its benchmark lending rate alone for the third straight time. The central bank has been holding off on cuts to interest rates, which would give the economy a boost, amid worries about inflation staying higher than hoped because of Trump’s sweeping tariffs.
In other dealings early Thursday, the yield on the 10-year Treasury rose to 4.52% from 4.47% late Wednesday.
U.S. benchmark crude oil gained $1.06 to $62.90 per barrel. Brent crude, the international standard, added $1.00 to $65.32 per barrel.
The euro slipped to $1.1280 from $1.1292.
#trumptarifts #oil #EUR
#Toncoin just pumped 20% after news broke that Elon Musk’s xAI signed a one-year deal with Telegram, bringing the Grok chatbot to the app for all users. 🔥
✈️ Telegram x xAI Deal
Telegram lands $300M in cash + equity
Gets 50% of every Grok subscription sold through the app
Grok will live in the search bar, offering:
>>Threaded AI chats
>>Smart edits
>>Chat summaries & doc digests
>>Inbox agents & group moderation tools
This makes Telegram one of the first major platforms with native AI baked into the core UI.
---
🧱 Toncoin's Bullish Backdrop
On top of that, the TON ecosystem has two more massive tailwinds:
💰 BlackRock participated in Telegram’s $1.5B bond sale, adding institutional weight to the network’s growth.
🧠 The TON Foundation just hired ex-Visa crypto lead Nikola Plecas as VP of Payments — signaling a serious push into mainstream crypto payment rails.
---
Why it matters:
Telegram’s 900M+ users are about to get native AI tools — and Toncoin is the financial layer powering this next-gen platform. The hype looks justified.
$TON
✈️ Telegram x xAI Deal
Telegram lands $300M in cash + equity
Gets 50% of every Grok subscription sold through the app
Grok will live in the search bar, offering:
>>Threaded AI chats
>>Smart edits
>>Chat summaries & doc digests
>>Inbox agents & group moderation tools
This makes Telegram one of the first major platforms with native AI baked into the core UI.
---
🧱 Toncoin's Bullish Backdrop
On top of that, the TON ecosystem has two more massive tailwinds:
💰 BlackRock participated in Telegram’s $1.5B bond sale, adding institutional weight to the network’s growth.
🧠 The TON Foundation just hired ex-Visa crypto lead Nikola Plecas as VP of Payments — signaling a serious push into mainstream crypto payment rails.
---
Why it matters:
Telegram’s 900M+ users are about to get native AI tools — and Toncoin is the financial layer powering this next-gen platform. The hype looks justified.
$TON
TONCOIN PUMP
Toncoin just pumped 20% after the news that Elon Musk’s AI company xAI signed a one-year deal with Telegram that puts the Grok chatbot inside the app for all users 🔼
✈️ Telegram gets $300M in cash and equity plus 50% of every Grok subscription sold through the platform. Grok will live in the search bar and provide threaded chats, smart edits, chat summaries, document digests, inbox agents, and group-chat moderation.
The rally comes on top of two other bullish headlines for the ecosystem:
💰 BlackRock reported participation in the messenger’s $1.5 billion bond sale
🤑 The TON Foundation has hired former Visa crypto lead Nikola Plecas as its vice president of payments
#Toncoin
✈️ Telegram gets $300M in cash and equity plus 50% of every Grok subscription sold through the platform. Grok will live in the search bar and provide threaded chats, smart edits, chat summaries, document digests, inbox agents, and group-chat moderation.
The rally comes on top of two other bullish headlines for the ecosystem:
💰 BlackRock reported participation in the messenger’s $1.5 billion bond sale
🤑 The TON Foundation has hired former Visa crypto lead Nikola Plecas as its vice president of payments
#Toncoin
AFRICA RISE WITH CRYPTO
#CryptoForEveryone I don't know which particular cryptocurrency(ies?) will exist but I'm sure it will catch on as a technology. Most people do not realize that crypto is currently in a wild-west experimental stage so when they criticize cryptocurrency, they often end up criticizing non-essential aspects of it. For example the claim that crypto is bad for the environment is false, what's bad for the environment is proof-of-work. When ethereum switched from proof-of-work to proof-of-stake it managed to reduce its carbon footprint by 99%. Another claim is that crypto is volatile and bought only for speculation. Again, this is only a subset of cryptocurrencies, there's a whole class of cryptocurrencies called "stablecoin" which specifically aim for stability. You cannot even say that all crypto is fiat. Some cryptocurrencies are backed by actual gold (like Tether gold) so it's basically a more "real" coin than the dollar. When you have a wild experimental environment like this, there is always some final product. Maybe we will end up with a cryptocurrency that incorporates all of the above features. After all, algorithms keep getting better, computers keep getting faster and energy production methods keep getting cheaper. It wouldn't be the first time that peer-to-peer technology has massive socioeconomic effects (look at piracy).
Now that the technological aspect is out of the way, there's the incentive aspect. Inflation is pushing people to alternatives. The more the FED prints money and devalues the dollar, the more readily the people will want to abandon the dollar. The idea of decentralized currencies has existed since 1976 as a way to stop government induced inflation.
Join Campaign
Now that the technological aspect is out of the way, there's the incentive aspect. Inflation is pushing people to alternatives. The more the FED prints money and devalues the dollar, the more readily the people will want to abandon the dollar. The idea of decentralized currencies has existed since 1976 as a way to stop government induced inflation.
Join Campaign
#CryptoForEveryone I don't know which particular cryptocurrency(ies?) will exist but I'm sure it will catch on as a technology. Most people do not realize that crypto is currently in a wild-west experimental stage so when they criticize cryptocurrency, they often end up criticizing non-essential aspects of it. For example the claim that crypto is bad for the environment is false, what's bad for the environment is proof-of-work. When ethereum switched from proof-of-work to proof-of-stake it managed to reduce its carbon footprint by 99%. Another claim is that crypto is volatile and bought only for speculation. Again, this is only a subset of cryptocurrencies, there's a whole class of cryptocurrencies called "stablecoin" which specifically aim for stability. You cannot even say that all crypto is fiat. Some cryptocurrencies are backed by actual gold (like Tether gold) so it's basically a more "real" coin than the dollar. When you have a wild experimental environment like this, there is always some final product. Maybe we will end up with a cryptocurrency that incorporates all of the above features. After all, algorithms keep getting better, computers keep getting faster and energy production methods keep getting cheaper. It wouldn't be the first time that peer-to-peer technology has massive socioeconomic effects (look at piracy).
Now that the technological aspect is out of the way, there's the incentive aspect. Inflation is pushing people to alternatives. The more the FED prints money and devalues the dollar, the more readily the people will want to abandon the dollar. The idea of decentralized currencies has existed since 1976 as a way to stop government induced inflation.
join campaign 👉
https://www.binance.info/en-NG/blog/all/crypto-for-everyone-increase-financial-accessibility-%7C-share-$128500-in-rewards-7987758904081441112?hl=en-NG&utm_medium=app_share_link&utm_source=old_share
Now that the technological aspect is out of the way, there's the incentive aspect. Inflation is pushing people to alternatives. The more the FED prints money and devalues the dollar, the more readily the people will want to abandon the dollar. The idea of decentralized currencies has existed since 1976 as a way to stop government induced inflation.
join campaign 👉
https://www.binance.info/en-NG/blog/all/crypto-for-everyone-increase-financial-accessibility-%7C-share-$128500-in-rewards-7987758904081441112?hl=en-NG&utm_medium=app_share_link&utm_source=old_share
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