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What is the GENIUS Act?

The GENIUS Act concerns the issuance and exchange of stablecoins, a form of digital currency backed by another form of currency, like the U.S. dollar or a commodity like gold.

Stablecoins are designed to be less volatile than other forms of cryptocurrency, which can experience large price swings and, in turn, pose difficulty for individuals using them to facilitate a purchase or sale.

The bill sets rules for stablecoin issuers, including a mandate that firms hold a reserve of assets underlying the cryptocurrency. That stipulation aims to protect consumers, who otherwise risk a failure to cash out their holdings in the event of a rapid, widespread offloading of coins.

In a separate effort to safeguard consumers, the measure would require issuers to grant coin holders priority for repayment in the event of a bankruptcy. The measure also mandates issuers abide by some anti-money laundering rules and anti-terrorism sanctions.

#GENIUSActPass

When Elon Musk changed the name of Twitter to X, it was for a reason: the well-known entrepreneur wanted to turn this social network into a superapp. And it seems that it is closer than we imagined.

Elon Musk's users on X will soon be able to make investments or transactions on the social media platform, according to the CEO of the firm, Yaccarino, a measure to support the billionaire owner's vision of creating an "app for everything".

In an interview, Yaccarino said that the company was exploring the introduction of an X credit or debit card, which could arrive as soon as this year.

A superapp, or what Musk calls an "app for everything", has been described as the Swiss army knife of mobile applications, offering a set of services to users, such as messaging, social networking, payments, and e-commerce shopping.

#XSuperApp

Markets rise and fall, sometimes drastically in a short time and other times more slowly. This changing nature of the market makes swing trading exciting. Swing trading is a strategy that helps traders take advantage of short-term fluctuations in token prices. This approach is useful for both beginners and experienced traders.

 

Swing Trading Patterns

Recognizing patterns is essential in swing trading, as they indicate possible price movements. Key patterns include Head and Shoulders, which indicates a reversal when the price breaks below the neckline, and Double Top and Double Bottom, which suggest resistance and support levels, respectively.

The Cup and Handle pattern is a bullish continuation indicator, while Flags and Pennants represent short-term consolidation before a continuation in the direction of the trend. Triangles (ascending, descending, and symmetrical) signal areas of possible breakouts, providing traders with clues on whether to open or close positions.

Understanding these patterns allows traders to make more informed decisions and optimize the timing of their trades, ultimately enhancing the effectiveness of their strategy.

#SwingTradingStrategy

Live attacks between Israel and Iran: latest news on the conflict and reactions today, Thursday, June 19
The Army stated that it destroyed "a third" of the ground-to-ground missile launchers; residents are urged to evacuate some areas

Attack figures
At least 240 people were injured in the Iranian missile attacks, four of them seriously, according to the Israeli Ministry of Health. The vast majority suffered minor injuries, including more than 70 people from Soroka Medical Center in the southern city of Beersheba, where a plume of smoke rose as emergency teams evacuated patients.

Multiple warheads
The Israeli army claims that Iran used a missile with multiple warheads, posing a new challenge to its defenses.

#IsraelIranConflict

"Crypto stocks" are tokens that represent shares of companies that are directly or indirectly linked to the cryptocurrency market or blockchain technology.

These companies can be cryptocurrency exchanges, mining companies, or firms that develop applications or solutions based on blockchain.

Investing in "crypto stocks" allows investors to gain exposure to the cryptocurrency market without having to buy cryptocurrencies directly. Therefore, it offers investors a way to participate in the potential growth of the cryptocurrency market, but through a traditional investment vehicle such as stocks.

While cryptocurrencies are decentralized digital currencies, crypto stocks are shares of companies that may or may not be related to cryptocurrencies. Investing in stocks does not imply owning the cryptocurrency itself.

#CryptoStocks

Jerome Powell, chairman of the Federal Reserve, has decided to reduce interest rates in the United States of America. This reflects that the U.S. economy is stable, with a decrease in inflation and strong economic growth at a rate of 2.3% of GDP in the fourth quarter of last year.

On the other hand, Powell stated that the labor market is strong and declared that the unemployment rate fell to 4.1% in February.

Furthermore, the official affirmed that the Federal Reserve will conduct an annual review of monetary policy in order to assess economic performance and achieve the established objectives.

#PowellRemarks

The Senate approves the GENIUS bill in a historic push for stablecoins that moves to the House of Representatives for deliberation

The Senate has already approved the GENIUS bill with a vote of 68-30 on Tuesday.
The bill moves to the House of Representatives for deliberation and, consequently, a full vote in the chamber.
If the GENIUS bill is approved by the House, it will arrive at the President's desk to be signed into law.

The United States Senate (U.S.) has approved the U.S. Guidance and Establishment of Innovation for Stablecoins Act (GENIUS) with a vote of 68-30 on Tuesday, bringing it closer to President Donald Trump's desk. The bill is now heading to the House for deliberation before a final vote.

In a highly anticipated move, the U.S. Senate approved the GENIUS bill on Tuesday with a vote of 68-30, marking the first major bill related to digital assets to receive support from the Senate. The bill is now awaiting final deliberation in the House before it can advance to the President's desk.

#GENIUSActPass

Trading strategies are plans designed to make buying and selling decisions in financial markets. These strategies help traders identify opportunities and manage risks effectively. There are different types of strategies, each with its own approaches and time frames, such as scalping, day trading, swing trading, and long-term trading.

Types of trading strategies:

Scalping: Very short-term trades, seeking small profits from quick price movements.

Day trading: Trades that are opened and closed on the same day, taking advantage of daily market fluctuations.

Swing trading: Trades that are held for several days or weeks, seeking to capture broader price movements.

Long-term trading (Position trading): Trades that are held for months or even years, seeking long-term profits.

Important factors of a trading strategy:

Technical analysis: Use of charts and tools to identify patterns and buy/sell signals.
Fundamental analysis: Evaluation of the financial health of a company or asset.

Risk management: Implementation of techniques to limit losses, such as using stop-loss orders and the 2% rule.

Discipline: Following the established trading plan, avoiding impulsive decisions.

What strategy do you use?

#MyTradingStyle

Donald Trump makes a new turn in his call for the Federal Reserve to cut interest rates: he now claims it is key to reducing the cost of public debt.

Shortly after returning to the White House for his second term, the president began pressuring Fed Chairman Jerome Powell to help the economy in its transition to higher levels of tariffs. He now argues that rate cuts are necessary to address one of the main causes of the oversized federal budget deficit.

Treasury figures released last week show that the government disbursed about $776 billion in interest on federal debt in the last eight months. This represents a 7% increase compared to the same period of the previous fiscal year, when the burden of interest had already reached its highest level since the 1990s.

Economists warn that such a move could be counterproductive. Reducing the rate without economic justification could fuel inflationary fears. This would lead to lower demand for Treasury bonds, driving up yields and worsening the government's interest burden.

Trump indicated last week that his current concern is the wave of debt that is maturing and must be refinanced at a much higher cost than when it was issued. In 2020, debt issuances increased to finance pandemic rescue packages, and much of that debt is now maturing. An analysis by Nomura Holdings indicates that more than $7 trillion must be refinanced before the end of the year.

#FOMCMeeting

Hello, I have recently started venturing into the crypto world without much success. This is the first time I write here and I wanted to ask if you could give me some advice to improve my investment portfolio.