Bitcoin, the world's most valued crypto, dipped below $104,000 mark on Friday, largely due to the ongoing feud between two major crypto pushers- Donald Trump and Elon Musk. The price of other altcoins also dipped. $BTC $BNB
👉JP Morgan to accept Bitcoin ETFs as collateral for loans👈
As per a Bloomberg report on 4 June, the Wall Street giant JP Morgan is set to expand its financing options to include spot Bitcoin $BTC Exchange Traded Funds (ETFs) as collateral for its wealthy clients when applying for loans.
This service will apply to all of #JPMorgan clients globally. $BTC $BNB
👉China’s Webus International eyes $300M raise for XRP strategic reserve 👈
Webus International, a Nasdaq-listed AI-powered mobility company, plans to raise up to $300 million through non-equity financing to create a strategic $XRP reserve. This reserve will support the company's cross-border payments infrastructure, aiming to provide seamless, borderless experiences for international travelers.
The $300 million financing will be allocated to three key initiatives:
(1) Establishing an XRP Reserve: Enable instant, low-cost cross-border settlements; (2) Blockchain Infrastructure Development: Develop comprehensive blockchain infrastructure, including wallets and Web3 loyalty tokens; and (3) Global Expansion Acceleration: Accelerate global expansion initiatives.
To become a good trader, it is essential to know about the various types of trades and accordingly to plan the strategies #TradingTypes101 .
Let's break some insights on various types of trading strategies.
*Spot Trading* involves buying and selling for immediate delivery. More leverage or margin is required for this type of trade. So potential gains or losses becomes limited. It's suitable, mainly for long term investments.
*Margin Trading* -requires the trader to borrow funds to buy more assets. Risk of potential gains or losses due to liquidations are involved in this trade if crucial risk management is not done properly.
*Future Trading* -involves buying or selling contracts that obligate the buyer to purchase an underlying asset at a predetermined price on a particular date. It allows the trader to open a large position on a relatively small capital by taking the advantages of leverages provided. However, it's fraught with the risk of potential loss if higher leverage are availed by the trader in a volatile market.
Binance Smart Chain (BSC) just hit a new high with $13.309 billion in daily trading volume, crushing Ethereum ($1.74 billion) and Solana ($2.32 billion). BSC's on 🔥, making waves in DeFi ! #BinanceSmartChain $BNB $BTC
🧧#PiNetwork token #Pi continued to decline despite positive ecosystem developments🧧
On May 14, the Pi Network announced for creation of a venture fund, that will invest $100 million in ecosystem startups. According to the Foundation, the goal is to accelerate real-world use cases on the chain and boost long-term value.
Yet, despite this positive developments, on May 16, Friday, the token was down by 0.63% to $0.9062, marking a 44% decline from its recent high of $1.62 on 14 May.
The upward trend appeared on 14 May was, obviously, a result of hype on the announcement, but that didn’t last long due high selling pressure among the #Pioneers . It seems, until its listing on #Binance , the volatility in the price of #Pi will continue.
Ahead of Consensus 2025 scheduled to be held in Toronto from 14 to 16 May and #PiNetwork announcement on Ecosystem scheduled to be made on 14 May, #Pi is soaring high. It touched $1.6 yesterday and after a slight fall, now it is consolidating around $1.2.
I lost the chance to buy $PEPE when its price was as low as $0.0000069. Now, its price has gone up to $0.000014 i.e. more than double in a very short period.
#PiNetwork From $0.40 on April 12 to $0.88 at 8.54 IST on May 11, there has been continuous growth of #Pi amidst negative comments criticisms. Very soon, Pi is going to touch $1 mark. $BNB #BINANCE #ListPiOnBinance
#PiNetwork Pi Coin surged to an intraday high of $0.78 on Friday, 10 May. It's the highest point of Pi since April 12 and 41% above its lowest level this month. The 24-hour volume soared by 170%.
Ever since Pi Network launched its open mainnet and #Pi listed in some of the exchanges, there have been many comments and counter comments on whether it is to be listed on #Binance.
Many people even have a negative remark and aversion on Pi Network because - 1. The mining of Pi was done by the Pioneers on their phones without any investment in the form of heavy consumption of electrical energy,
2. The mining of Pi was open freely to the general public instead of only the richer ones.
People even termed the #PiNetwork as a scam and the Pi coin itself as fake.
Despite the criticisms from many quarters, Pi is growing steadily day by day through the ups and downs and consolidating itself at every resistant points.
The Pi Network is also doing its best to make Pi a stable global coin by developing its own Ecosystem. An announcement in this regard is scheduled to be made on 14th of May 2025.
Let's see in the near future whether #Pi will prove to be a fake/scam coin or a people's treasure.
#StopLossStrategies Stop loss is one of the most important tools that every trader must use. Trading in digital currencies is a high-risk investment, so every trader must be careful to use many tools that help him in executing deals, such as indicators, bots etc.. #Binance $BNB
#DiversifyYourAssets Introducing the first topic of our Risk Management Deep Dive – #DiversifyYourAssets Diversifying your assets is essential. It reduces risk and enhances the potential for stable returns. Knowing how to select and balance these assets is crucial for long-term success.