SEC Likely to Classify ETH Under Investor Protection Law, Says Consensys Legal Advisor
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#BTC ETF Buys 15,300 Bitcoin This Week 🚀
🔹 Bitcoin Miners: 3,150 BTC mined this week.
🔹 ETF in the US: Bought 5x more BTC than global miners produced.
Supply/Demand Shock in the Making
The US ETF's massive purchase highlights the growing demand against limited supply.
Donald Trump says he is "very positive and open minded to cryptocurrency companies."
"Our country must be the leader in the field."
📍 #SOL UPDATE
As long as $160 support stays strong, the LONG setup on Solana is valid.
We can see a fake breakdown of this level, so make sure to have bids below $160 for this case.
📍#Bitcoin Update ( Continuous)
- Bitcoin price is holding above $68,000.
- The market tends to be slower on weekends.
- Bitcoin is currently in an accumulation phase with not many changes.
- As long as the price stays above $65,000 to $66,000, there's nothing to worry about.
Stay tuned for more information ℹ️
📢 Breaking News: Major Whale Activity on Solana! 🐳
An insider just made a significant move on the Solana blockchain!
New Wallet Alert: A newly created wallet spent a whopping 1370 $SOL ($230K) to snipe 632M $CAT tokens, accounting for 63.2% of the total supply!
Wallet Address: 5ZHQXfAfffTNoSDWLMYFaX9U2EftH7WuoLaeKQZP9ndB
Recent Activity:
- Sold a portion of #CAT
- Received approximately 29,525 #SOL ($5M) in return!
📍#Bitcoin Update (Continuous)
🔹Bitcoin again faced rejection from its resistance area of $72K to $73K, causing the price to go down.
🔹However, $64,000 is still acting as important support, where we might see a reversal.
🔹But if it breaks this level, the price could drop to $60,000."
Stay tuned for more information!! ✅
CHINA: Gold Trading Explodes 400% Higher!
- China's central bank bought more than 225 tonnes gold in 2023.
- Gold price broke 15 year record recently.
SEC Engages in Discussions with Potential Issuers of Ethereum ETFs, S-1 Approval Anticipated Soon
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Bitcoin(BTC) Surpasses 70,000 USDT with 1.20% Increase in 24 Hours
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📕Regulation Updates:
🇺🇸US House Passes Crypto Bill:
The U.S. House approves a bill to regulate cryptocurrencies, classifying them as commodities and shifting regulatory oversight to the CFTC. However, the bill faces opposition from the SEC.
🇭🇰Hong Kong Considers Ether ETF Staking:
Hong Kong explores Ether ETFs with staking features, showing a more progressive stance than the US. Staking allows investors to earn rewards for holding cryptocurrencies.
🔖Overall:
These updates highlight the ongoing regulatory debate in the cryptocurrency space. 🏛
📍#Bitcoin Update (Continuous)
▫️Bitcoin attempted to break $70,000 but faced rejection.
▫️The price is ranging around ~$69,000, building up liquidity on both sides.
▫️Key liquidity levels are at $68,300 and $69,800.
▫️The market might drop below $68,000 to capture liquidity.
Stay tuned for more information!!! ✅
🇺🇸 Donald Trump made two main promises:
1. He will stop Elizabeth Warren and her team from messing with Bitcoin.
2. He will not allow the creation of a Central Bank Digital Currency (CBDC).
Hong Kong Virtual Asset Service Providers Face Licensing Transition
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Not gonna lie, #BTC looks damn good here! Nice and deep retest of the blue zone, and now we are back above flag resistance!
My bias is bullish/neutral. The only thing why I'm not 100% bullish is because the price is still inside the horizontal range (below $71k).
📢Over 32M $ETH is locked up for staking.
That's 27% of ETH's total supply.
At current prices, it’s $121B🔥
- NEAR is forming a bearish rising wedge pattern.
- This pattern indicates a potential price breakdown.
- An important support level lies around $6.70.
- Entry points could be considered near $6.70 to $6.50.
Kabosu, the beloved dog behind the Dogecoin meme that inspired $DOGE 💰 and $SHIB 💰, has passed away.
Читать полностью…#SOL actually looks great vs #ETH! There's a bullish horizontal triangle and the price is right at the support level!
I think it's a great moment to rotate some #ETH into #SOL no matter how ETF stuff goes!
US Dollar Index Continues to Rise, Federal Reserve's First Rate Cut Expected in December
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📢 Big News: A bipartisan group of House lawmakers, including Tom Emmer and Josh Gottheimer, have sent a letter to Gary Gensler urging the #SEC to approve spot #EthereumETFs
They believe this will give investors safe and regulated access to crypto.