SBD-DV007

Non-Farm Payrolls Newsletter 🇺🇸 May 2024

+ Number of additional jobs created: 272,000 (Forecast = 182,000, last month = 175,000)

+ Unemployment rate: 4% (Forecast = 3.9%, last month = 3.9%)

+ Average hourly income: 0.4% (Forecast = 0.3%, old month = 0.2%)
Price fluctuates up and down, take care $BTC

Number of people applying for unemployment benefits last week 🇺🇸
Before: 215k
Expectation: 218k
Actual: 219k

GDP Quarter 1 (revised version) 🇺🇸
Previous: 1.6%
Forecast: 1.2%
Actual: 1.3%

Thursday Market - May 30

+ BTC Spot ETF extended 12 consecutive green sessions with more than $28.7M poured in on May 29, Grayscale sold $31M, while other funds collected nearly $60M [CT]

+ President Biden's campaign turned around to learn about Crypto [CT]

+ The US House Financial Services Committee will open a hearing on tokenized assets (RWA) next Wednesday [CT]

+ The US Treasury Department DOES NOT BAN mixer services like Tornado Cash, however transactions need to be transparent [CT]

+ Gemini exchange refunds $2.18B in Crypto assets to users after 18 months of freezing withdrawals [CT]

+ CME has no plans to list ETF Solana Futures as many speculated [CT]

+ Binance Megadrop LISTA has opened the mission gate, Stake 0.01 BNB ~ 6$ into the protocol to complete [CT]

+ $TAIKO is open for sale on Bystarter, need min 100$ to participate in the lottery to buy [CT]

+ Sam Altman - Worldcoin $WLD meets with the President of Argentina to discuss investment plans in this country [CT]

+ Merge $AGIX, $FET and $OCEAN into $ASI expected to be completed on June 13 [CT]

+ Galxe launches Blockchain Gravity Layer-1 and launches new token $G [CT]

+ RWA Fortunafi platform calls for $48M capital from Shima Capital, Manifold,... [CT]#ETH #BTC☀️

🌟 Donald Trump's wallet address suddenly had its first transaction when he swapped 200,000 USDT for 50 $ETH .

💣 Recently, Trump has always made moves to support crypto to mobilize votes for the upcoming election. Trump was bullish $ETH what about you guys?#ETH #BTC☀

🌟 All Ethereum ETF Spot funds have been approved, but now they still need to complete condition S1 before Ethereum ETF Spot can officially trade.

🌟The price did not change too much, but BTC.D decreased significantly when the cash flow shifted quite a lot to ETH and Altcoin.

🆘 Wishing you an energetic new day.#ETH #BTC☀️

Suspected that Tellor's (TRB) X account was hacked
November 3 TRB It appears that Tellor's X account was hacked while broadcasting an airdrop announcement to users. However, the airdrop receiving website address is not the same as the project's official website. Tellor's (TRB) X account was hacked
After recording this information, BelnCrypto checked Tellor's X account which was believed to have been hacked. In the most recent tweet, there is still an announcement about the TRB token airdrop. According to this announcement, there appears to have been a successful TRB token airdrop worth 50,000 USD.
At 08:31 AM on November 3, 2023, there was another announcement about this airdrop.
Beincrypto Observing both of these announcements, we noticed a suspicious point. The project's homepage is located at the domain tellor.io. However, the page for users to receive the airdrop has the domain name tellor.co. The frontend interface of both sites is quite similar in both font and design style. This raises suspicions that Tellor's X account being hacked may be true. Currently, BelnCrypto has accessed the project's Discord account to find out information. However, previously in August 2023, this project also informed users that they did not have any airdrop strategy. If so, it is a form of scam and users should be careful. No related damages have been recorded yet. BelnCrypto will continue to update this issue in subsequent newsletters.
This article is for reference purposes only and is exempted from liability
Close. Hello see you again
$TRB $MEME

BITCOIN ANALYSIS OVERVIEW TODAY: #BTCUSDTD1 extended its volatility yesterday, however, the prolonged overbought situation continued to maintain, easily leading to a false breakout to create a bullish price trap.
-#BTCUSDTH4 maintains accumulation status. Mainstream#BTCUSDTH4 today wait to buy below and avoid chasing above to avoid bull trap
Sincerely say goodbye and good luck

There are ~3 hours left until the FED interest rate results are announced

98% are still in favor that the FED will keep interest rates unchanged

Former Fed Vice Chairman: The Central Bank can continue to raise interest rates because the economy is still too strong

Richard Clarida, former Vice Chairman of the Fed, said that the Central Bank may have to continue to raise interest rates to fight inflation in the context that the economy is still too strong.
According to data from CME Group, traders forecast that the Fed will almost certainly not raise interest rates at the November 2023 meeting (98.3% probability), but there is a 22% probability of raising it in December 2023.
The consultant at Pimco said the Fed's biggest challenge is deciding when to lower interest rates.
“The interesting situation would be for the Fed to start cutting interest rates when inflation has not returned to 2%,” he said. “Mr. Powell may like inflation at 2.1%, but in reality it may only go down to 2.6%, 2.7%. Next summer, if inflation reaches this threshold, the Fed may think about reducing interest rates. The question is whether this happens in early 2024 or later, because inflation remains so persistent.” $BTC $BNB $ETH

BlackRock's Bitcoin ETF has reappeared on the DTCC website
Yesterday it was deleted with the reason “Not accepted”.
Bitcoin immediately pumped back to $34k
"

Analysis of BTC daily price and 2 reasons for forecasting BTC corrections are starting to create a FOMO effect in the community. This effect is sometimes beneficial to the price line, sometimes detrimental to investors. But it cannot be denied that negative analysts are starting to change their perspective. The correction at this resistance area comes from two reasons, one technical reason and one volume reason. See more: 5 notable Bitcoin on-chain signals appearing in October #1. Technical reasons for predicting BTC's correction In the short term, in the 3-hour frame, the BTC price line is showing notable correction signals. $BTC $ETH

The Fed Chairman affirmed that it is unlikely to raise interest rates in November

Fed Chairman Jerome Powell said that the US Central Bank will likely keep interest rates unchanged at the upcoming meeting, but still leaves open the possibility of raising interest rates in the future if policymakers see more signs of see solid economic growth.

The recent increase is mainly due to increased term premium. There are a number of factors that are causing investors to demand higher yields, such as the Fed's quantitative tightening program.

“Investors are rethinking the overall health of the economy and thinking that even long-term bonds need to offer higher yields. They focus more on the budget deficit, and the Fed selling large amounts of bonds may also be a reason."

But any signs of accelerating growth or a warming labor market could lead the Fed to tighten monetary policy further #btc #ETH $BTC $ETH

What is DCA?

DCA (Dollar Cost Averaging or price averaging strategy) is a method of dividing an investment amount into parts on a fixed, regular basis over a long period of time. Averaging the price is not strictly bottom/top fishing because it is calculated as the best price that can be purchased.

It is important to clearly distinguish that the average price here is the average in the price range with a large fluctuation range, not the average price in the market at the sideways stage.

2. DCA average price calculation formula

Average price = (1st purchase price × number of 1st purchase coins + 2nd purchase price × 2nd purchase quantity + … + n purchase price × n nth purchase quantity)/total number of purchased coins for n times.

For example: For 6 consecutive months, each month you spend $10,000 to buy ETH on the first day of the month. Eth price fluctuates over months as follows:

January: $1,000

February: $800

March: $1,300

April: $600

May: $1,000

June: $1,500

After 6 months, you can buy 63.5 ETH at DCA price of:

Average price = (1,000 × 10 + 800 × 12.5 + 1,300 × 7.7 + 600 × 16.7 + 1,000 × 10 + 1,500 × 6.7)/63.5 = $946.14.

So, if in the first month you use all $60,000 to buy ETH, you will only buy 60 tokens for $1,000. By using the DCA strategy, you bought more ETH at a lower price

[Bitcoin or gold]

Bitcoin is different in two ways:

First of all, the value of bitcoin does not come from a central decree. Like gold before it, its scarcity and durability stem not from power, but from reality. Gold is scarce because the laws of physics make its creation and production extremely expensive. Gold is not lost because it is virtually indestructible.

Bitcoin creates digital objects, linked to the digital world of the bitcoin network. How is this different from the various game currencies that came before it?

Should keep gold or bitcoin at the present time. Remember that the current situation is very unstable! Peace 🇻🇳🇻🇳🇻🇳
#bitcoin $BTC