STOP LOSS: 0.6 โโโโโโโ Remember to have entry orders in place to average this tradeโs entry, and take 30% of profits in the first 2 Targets. After taking profits, move stops to entries or to breakeven levels. Keep in mind current market conditions and risk management.
๐ฌCharles Hoskinson Opposes 1.5 Billion ADA Burn Proposal Charles Hoskinson, founder of Cardano, rejected a proposal to burn 1.5 billion ADA (worth $500M), suggesting the funds be used for project development instead.
๐Whale Activity Rises in some Cryptos Despite Market Decline
Whale activity has surged in (RARE), (PORK), (STG), (POL), and (CVTX), even as their prices drop. Major cryptos like (BTC) and (ETH) show reduced whale interest.
Rocky Rabbit: Token launch on September 23, 2024. Hamster Kombat: Token launch on September 26, 2024. X Empire: Token launch expected late September to early October 2024. MemeFi: Token launch on October 9, 2024. TapSwap: Token launch in Q3 2024. Catizen: Token launch on September 20, 2024.
๐Core Launches LstBTC for Bitcoin Liquid Staking Core Blockchain's new LstBTC lets users stake Bitcoin while keeping it liquid, boosting capital efficiency in DeFi.
STOP LOSS: 76.84 โโโโโโโ Remember to have entry orders in place to average this tradeโs entry, and take 30% of profits in the first 2 Targets. After taking profits, move stops to entries or to breakeven levels. Keep in mind current market conditions and risk management.
๐Roaring Kitty Returns, Meme Coin Surge? Keith Gill (Roaring Kitty) is back on social media, posting a cryptic image tied to Solana's CHWY, causing its price to jump 30%. Speculation of a meme coin hype is rising.
The UK FCA rejected 90% of crypto company applications last year due to weak AML controls. New advertising rules are in place, and CB Payments was fined ยฃ3.5 million for AML issues.
Vitalik Buterin, Ethereumโs co-founder, pledged to donate all his Layer-2 tokens for the ecosystem and charity after denying accusations of selling Ethereum for personal gain.
OpenSea warned about possible SEC action. The SEC may focus on NFT projects that promised returns, while established ones like CryptoPunks might be safer.
๐Bitcoin Drops to $53K: What's Behind the Fall?
Bitcoin fell from $57K to $53K after a U.S. jobs report, losing 4% in 24 hours. Other major cryptocurrencies also dropped, with over $100 million in leveraged positions liquidated.
๐ฎArthur Hayes: Bitcoin Might Drop to $50K Before Rally Hayes anticipates Bitcoin could fall to $50K before its next surge but remains optimistic about its long-term growth, expecting Federal Reserve support by late September.