This morning, BTC and Ether both reached their target take profit levels. BTC is about to face a change in market trend node. How to layout here next will be detailed in the live channel of Hongyi after-hours. Don't miss it!!!
On August 28, Japan’s largest Cryptocurrency-themed event, WebX, opened in Tokyo, Japan, and Japanese Minister of Economy, Trade and Industry Ken Saito attended the meeting and gave a speech. Saito Ken emphasized the importance of Web3 technology at the meeting, and mentioned that he will support the development of startups through tax reform and help the industry create more use cases. Saito Ken also spoke about the great potential in the Japanese Web3 and Blockchain industry and hoped to create an environment that attracts companies and developers worldwide.
Technical indicators of #TRON TRON point out some important points that investors should pay attention to: Currently, the price of the altcoin tends to move sideways with the supply pressure at $0.13. As supply pressure continues, the price may decline by 3.5 percent and reach the ascending trend line at $0.12. Dynamic support at this level has remained intact since November 13. The bearish transition between the MACD and the signal line, one of the technical indicators, shows that the sellers are strengthening their control over the asset. A decline in the upper limit of the Bollinger Band indicator signals that the bullish momentum is weakening and the price is moving in a volatile range. In this case, the middle line of the Bollinger Band can provide dynamic support to buyers.
$ According to Gold Finance news, RNDR fell below $7 and is currently trading at $6.99. The daily decline rate has reached 8.87% and the market is quite volatile, please be careful to control risk.
According to Gold Finance reports, Ethereum's main developer eric.eth stated that Ethereum's activity is rising explosively and the cost of end-user transactions continues.
On June 3, the coin market showed that the Reserve Bank of Australia may have no choice but to continue raising interest rates this year if inflation cannot slow, which would make it a potential exception to the global tightening cycle that has all but ended after the pandemic. Apart from Japan, which has started to raise interest rates this year, Australia will be the only developed economy where the coin market is still awaiting the possibility of a rate hike. Su-Lin Ong, RBC Australia's chief economist, said: "The RBA has little tolerance for an upward surprise in inflation data. If second quarter data confirms, albeit reluctantly, that the disinflationary trend has stopped, the RBA will be forced to raise interest rates."
According to Odaily Planet Daily News, dYdX founder Antonio Juliano stated in an article published on X that he is very disappointed that the fate of cryptocurrencies is being determined by political decisions rather than products.
Although the SEC approved the applications of 8 companies, the S-1 forms required for the start of transactions must also be approved. This means that even if spot Ethereum ETF transactions are given the green light, transactions will not begin immediately. The regulatory body will next begin negotiations on ETF issuers' S-1 forms. It is not yet clear how long this process will take. Some commentators think it could be weeks before the SEC launches Ethereum ETF trading.
Odaily Stars Planet News Ethereum sidechain Gnosis said it plans to increase daily cryptocurrency usage by collaborating with digital wallet creator Zeal. According to the team, "This collaboration involves exploring a simple cash solution for daily self-custodial crypto transactions. Gnosis will also commit to invest $2 million in Zeal, bringing its total funds to $9 million after its previous $7 million seed round financing." " (CoinDesk)
Solana-based memecoins have exhibited notable gains recently. This increase, Bitcoin BTCUSD It occurs when major cryptocurrencies such as are experiencing an overall decline. Narrative is outperforming other cryptocurrencies. Therefore, members of the crypto community are expecting a bull run led by memecoin. How Have the Top Solana Memecoins Performed in the Last 24 Hours? Specifically, Dogwifhat, the largest memecoin on Solana by market cap. WIF increased by 16.2% in the last 24 hours. Popcat (POPCAT) 27.6%, Jeo Boden (BODEN) 36%, Slerf (SLERF) 14.2%, Wen (WEN) 17.6% and Maneki (MANEKI) 16%. These gains contrast with the broader crypto market, which has shown only a modest recovery.
#Follow_Like_Comment A memecoin trader in Solana LEFT tickers down ₺4,388 He made millions of dollars through various transactions on joke-themed tokens. On April 26, blockchain analysis company Lookonchain shared the activity of a trader with a Solana Name Service account named “paulo.sol.” Memecoin investor; He made profits on meme tokens such as Dogwifhat (WIF), Jeo Boden (BODEN), and Bonk (BONK). Trader invested in BONK as early as November 11, 2023. The investor in question then carried out volatile transactions by buying at low levels and selling at high levels. Trader BONK earned approximately $6.28 million in income from his trades.
Coin Network reports: Consensys filed suit with the SEC to determine that ETH is not a security. Investment bank TD Cowen expects the landmark case to take several years. The bank believes that the Spot Ethereum ETF is unlikely to be approved before 2025. SEC Chairman Gary Gensler asked the court to decide whether ETH is a security or a commodity. Northern District Court of Texas deemed least respectful of regulators
Daly, FOMC member and San Francisco Fed president in 2024, stated that three interest rate cuts this year is a reasonable assumption, but this is only a prediction, not a commitment. (Xinhua)