ByBit Spot, KuCoin
#BCH/USDT Take-Profit target 1 ✅
Profit: 0.8596% 📈
Period: 2 Hours 4 Minutes ⏰
Binance, ByBit Spot, KuCoin
#BTC/USDT Take-Profit target 1 ✅
Profit: 0.7059% 📈
Period: 2 Hours 0 Minutes ⏰
Binance, ByBit Spot, KuCoin
#BTC/USDT Take-Profit target 1 ✅
Profit: 0.6982% 📈
Period: 1 Hours 32 Minutes ⏰
CRYPTO MARKET UPDATE
👀
IMF Tax Increase Proposal for Crypto Miners Faces Industry Criticism
On August 15, the International Monetary Fund (IMF) released a report titled “Carbon Emissions from AI and Crypto Are Surging and Tax Policy Can Help.” The report calls for a significant increase in electricity taxes for crypto miners and AI data centers.
The IMF argues that the proposed tax would incentivize more sustainable practices and align these industries with global carbon reduction goals.
Read more about it here.
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CRYPTO MARKET UPDATE
👀
Bitcoin Accumulation Gains Momentum as Investors Brace for US CPI Data
Crypto investors are increasingly accumulating and holding digital assets, particularly Bitcoin, in anticipation of the upcoming US Consumer Price Index (CPI) data release.
Market indicators suggest a shift towards accumulation, driven by investor sentiment and the potential implications of the CPI data on the crypto market.
Read more about it here.
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CRYPTO MARKET UPDATE
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Binance’s Delisting Decision Sends 6 Altcoins Into Freefall
Binance, one of the world’s largest crypto exchanges, has announced the delisting of six altcoins. The impacted altcoins—PowerPool (CVP), Ellipsis (EPX), ForTube (FOR), Loom Network (LOOM), Reef (REEF), and VGX Token (VGX)—experienced sharp declines in value, each dropping by double digits immediately after the announcement.
Read more about it here.
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Binance Futures
#BTC/USDT Take-Profit target 2 ✅
Profit: 125.6488% 📈
Period: 2 Hours 3 Minutes ⏰
Binance Futures, KuCoin Futures
#BTC/USDT Take-Profit target 1 ✅
Profit: 1.4159% 📈
Period: 16 Hours 0 Minutes ⏰
Binance Futures, KuCoin Futures
#BTC/USDT Take-Profit target 1 ✅
Profit: 1.3964% 📈
Period: 1 Hours 33 Minutes ⏰
Binance Futures, KuCoin Futures
#BTC/USDT Take-Profit target 1 ✅
Profit: 1.3989% 📈
Period: 48 Minutes ⏰
Binance, ByBit Spot, KuCoin
#BTC/USDT Take-Profit target 1 ✅
Profit: 0.7059% 📈
Period: 2 Hours 0 Minutes ⏰
Binance, ByBit Spot, KuCoin
#BTC/USDT Take-Profit target 1 ✅
Profit: 0.6982% 📈
Period: 1 Hours 32 Minutes ⏰
CRYPTO MARKET UPDATE
👀
WazirX Restoring User Accounts to Pre-$230 Million Hack Balances
Indian cryptocurrency exchange WazirX has announced plans to restore all user account balances to their state as of July 18, when the platform lost $230 million in a cyberattack.
The Mumbai-based company halted trading following the incident. The attack, reportedly linked to the North Korean Lazarus Group, compromised nearly half of its reserves, marking India’s largest crypto heist.
Read more about it here.
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CRYPTO MARKET UPDATE
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US Judge Ends Ripple vs. SEC Lawsuit with $125 Million Fine, XRP Price Rises by 27%
US federal judge Analisa Torres has ordered Ripple Labs to pay a $125 million penalty for selling its XRP token without proper registration. Despite the hefty fine, Ripple emerged with a much smaller financial burden than the Securities and Exchange Commission (SEC) initially sought, nearly $2 billion.
This decision concludes a long-standing battle with the SEC that has captured the attention of the crypto industry.
Read more about it here.
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CRYPTO MARKET UPDATE
👀
Axie Infinity’s Ronin Bridge Hacked: Over $9 Million Stolen
Ronin Bridge, an Ethereum sidechain built for the popular play-to-earn non-fungible token game Axie Infinity, has been hacked. The hack caused 3,996 Ethereum (ETH) worth approximately $9.33 million to be lost.
Read more about it here.
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Binance, ByBit Spot, KuCoin
#BTC/USDT Take-Profit target 2 ✅
Profit: 0.8555% 📈
Period: 2 Hours 1 Minutes ⏰
Binance, ByBit Spot, KuCoin
#BTC/USDT Take-Profit target 1 ✅
Profit: 0.708% 📈
Period: 16 Hours 0 Minutes ⏰
Binance, KuCoin
#BTC/USDT Take-Profit target 1 ✅
Profit: 0.6995% 📈
Period: 46 Minutes ⏰
CRYPTO MARKET UPDATE
👀
Senator Chuck Schumer pledges pro-crypto laws if Harris is president
Democratic Senator Chuck Schumer, the majority leader of the United States Senate, says he’s making it his goal to pass bipartisan pro-crypto legislation by the end of the year if Kamala Harris is elected president.
Speaking at the Crypto4Harris Town Hall meeting — a grassroots crypto advocacy group pushing for a crypto policy "reset" in the Harris campaign — Schumer said lawmakers could no longer “stick their heads in the sand” when it comes to fostering crypto innovation in the US.
Read more about it here.
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CRYPTO MARKET UPDATE
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Turkish Conglomerate $1.6 Billion Investment Ignites El Salvador’s Bitcoin City Plan
El Salvador has secured a landmark $1.6 billion investment from Turkey’s Yilport Holding to propel its Bitcoin City project.
President Nayib Bukele announced this strategic partnership, which will modernize two critical seaports in the country. Additionally, it will provide the necessary infrastructure for the ambitious project.
Read more about it here.
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💥 158.78% profit from our Crypto VIP Groups! 💥
✅ 155.11% Crypto Futures 💥
✅ 3.67% BTC+Altcoin Spot 💥
We also had a loss trading BTC.
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Binance Futures, KuCoin Futures
#BTC/USDT Take-Profit target 1 ✅
Profit: 1.411% 📈
Period: 2 Hours 1 Minutes ⏰
KuCoin Futures
#BTC/USDT Take-Profit target 2 ✅
Profit: 1.9855% 📈
Period: 1 Hours 33 Minutes ⏰
Binance Futures, KuCoin Futures
#BTC/USDT Closed at stoploss after reaching take profit ⚠
Profit: 21.8582% 📈
Binance, ByBit Spot, KuCoin
#BTC/USDT Take-Profit target 2 ✅
Profit: 0.8555% 📈
Period: 2 Hours 1 Minutes ⏰
Binance, ByBit Spot, KuCoin
#BTC/USDT Take-Profit target 1 ✅
Profit: 0.708% 📈
Period: 16 Hours 0 Minutes ⏰
Binance, KuCoin
#BTC/USDT Take-Profit target 1 ✅
Profit: 0.6995% 📈
Period: 46 Minutes ⏰
CRYPTO MARKET UPDATE
👀
Ripple’s Victory Under Threat as SEC Plans to Appeal XRP Sales Classification and Fine
The US Securities and Exchange Commission (SEC) is expected to appeal the judge’s ruling in its case against Ripple Labs. The appeal will likely focus on classifying XRP secondary sales as securities.
The anticipated appeal follows a partial summary judgment by Judge Analisa Torres in 2023.
Read more about it here.
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CRYPTO MARKET UPDATE
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Coinbase Faces FEC and SEC Legal Hurdles, Grewal Responds
Coinbase Chief Legal Officer Paul Grewal defends the firm against claims by the Federal Election Commission (FEC). The US-based cryptocurrency exchange faces allegations of breaking the rules, with claims that it is a “federal contractor.”
Meanwhile, The US Securities and Exchange Commission (SEC) has responded to the exchange’s subpoena for documents, including that of its chair.
Read more about it here.
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CRYPTO MARKET UPDATE
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Bitcoin Continues to Bleed, Falls Below $50K
Bitcoin (BTC) continued its downward slide during the Asian trading hours on Monday, plunging below $50,000.
The world's largest cryptocurrency fell as low as $49,267, before recovering slightly. Ether (ETH), the native token of the Ethereum blockchain, also sunk to lows of $2,166.
The CoinDesk 20 index, which tracks some of the most liquid non-stablecoin tokens, dropped nearly 20%.
Read more about it here.
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