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Market Analysis of AXS/USDT:
It displays a strong impulsive move from around the 1.30 region to a local high around 2.26, indicating renewed momentum rather than a gradual approach.
The present range around 1.85-1.90 indicates a pause rather than a breakdown, with 1.75-1.80 being a crucial support level. It is a welcome correction following a strong move, in my opinion, as long as higher lows are in place.
$AXS
#Market_Update #cryptofirst21
It displays a strong impulsive move from around the 1.30 region to a local high around 2.26, indicating renewed momentum rather than a gradual approach.
The present range around 1.85-1.90 indicates a pause rather than a breakdown, with 1.75-1.80 being a crucial support level. It is a welcome correction following a strong move, in my opinion, as long as higher lows are in place.
$AXS
#Market_Update #cryptofirst21
Market Analysis of STO/USDT:
It indicates a strong impulsive wave from the 0.07-0.08 region to the region of 0.16, which, in my opinion, shiws a sharp momentum and not a healthy pace. The moving averages are strongly bullish, and hence, the overall trend is still positive.
The correction has been orderly, with supports at 0.125-0.13, indicating a more probable range-bound activity before furthering.
#Market_Update #cryptofirst21 $STO
It indicates a strong impulsive wave from the 0.07-0.08 region to the region of 0.16, which, in my opinion, shiws a sharp momentum and not a healthy pace. The moving averages are strongly bullish, and hence, the overall trend is still positive.
The correction has been orderly, with supports at 0.125-0.13, indicating a more probable range-bound activity before furthering.
#Market_Update #cryptofirst21 $STO
Market Analysis of TURBO/USDT:
The chart reveals a market currently in an extremely strong, confirmed bullish trend, highlighted by a massive 24-hour gain of nearly 50% and a trading volume of over 14 billion TURBO tokens.
The current price of ≈$0.002719 is challenging the immediate resistance level established by the 24-hour high at ≈$0.002868.
Short-term support is expected at the ≈$0.002511, and a dip to this level would represent a potential entry point for buyers before the rally continues.
For the rally to maintain momentum and signal further upside, a decisive close of candle above the $0.002868 resistance is essential; failure to do so could lead to a minor retracement.
#Market_Update #Write2Earn! #crypto #Binance #CryptoFirst21
The chart reveals a market currently in an extremely strong, confirmed bullish trend, highlighted by a massive 24-hour gain of nearly 50% and a trading volume of over 14 billion TURBO tokens.
The current price of ≈$0.002719 is challenging the immediate resistance level established by the 24-hour high at ≈$0.002868.
Short-term support is expected at the ≈$0.002511, and a dip to this level would represent a potential entry point for buyers before the rally continues.
For the rally to maintain momentum and signal further upside, a decisive close of candle above the $0.002868 resistance is essential; failure to do so could lead to a minor retracement.
#Market_Update #Write2Earn! #crypto #Binance #CryptoFirst21
Weak ADP Jobs Report Strengthens Odds of Fed Rate Cut
ADP private payrolls fell by 32,000 jobs versus the analysts' expectations for a 10,000 gain, which signals that the labor market is far weaker than had been assumed, with slower hiring by companies or even staff cuts. Generally, this softer job market reduces inflation pressure, as slower hiring translates into slower wage growth and lowers overall inflation.
Data of this kind raises the probabilities that the Federal Reserve might cut interest rates sooner, since weaker employment is usually a signal that the economy needs more help. Although it does not mean there 'will' be a rate cut, it has surely strengthened the case, particularly if other forward-looking data, including nonfarm payrolls, the unemployment rate, and inflation reports, also indicate further softness within the economy.
#FederalReserve #RateCut #EconomicUpdate #MarketNews #cryptofirst21
ADP private payrolls fell by 32,000 jobs versus the analysts' expectations for a 10,000 gain, which signals that the labor market is far weaker than had been assumed, with slower hiring by companies or even staff cuts. Generally, this softer job market reduces inflation pressure, as slower hiring translates into slower wage growth and lowers overall inflation.
Data of this kind raises the probabilities that the Federal Reserve might cut interest rates sooner, since weaker employment is usually a signal that the economy needs more help. Although it does not mean there 'will' be a rate cut, it has surely strengthened the case, particularly if other forward-looking data, including nonfarm payrolls, the unemployment rate, and inflation reports, also indicate further softness within the economy.
#FederalReserve #RateCut #EconomicUpdate #MarketNews #cryptofirst21
@Bitcoin ETF Inflows Surge as Institutional Demand Rebuilds
U.S. spot Bitcoin ETFs have witnessed a strong return of investor interest, bringing in approximately $288 million of net inflows over the past five trading sessions. This renewed activity reflects strong confidence in Bitcoin as investors position ahead of potential market catalysts, such as expectations of a more supportive stance by the Federal Reserve and continued institutional accumulation.
BlackRock's iShares BITCOIN Trust led the day's activity with more than 120 million dollars of inflow. Its continued dominance in the daily ETF flows indicates that major investors still consider the current price levels of Bitcoin an attractive entry opportunity.
The inflows could point to the early stages of a broader bullish trend. Given the improving liquidity in the market, combined with a strong risk appetite and consistent demand through regulated ETF channels, many believe that more upside awaits Bitcoin in the weeks ahead. Investors will be keenly watching whether or not the momentum in these inflows continues; this would be the key to further strength in BTC.
#Bitcoin #BTC #CryptoMarkets #BitcoinETF #CryptoFirst21
U.S. spot Bitcoin ETFs have witnessed a strong return of investor interest, bringing in approximately $288 million of net inflows over the past five trading sessions. This renewed activity reflects strong confidence in Bitcoin as investors position ahead of potential market catalysts, such as expectations of a more supportive stance by the Federal Reserve and continued institutional accumulation.
BlackRock's iShares BITCOIN Trust led the day's activity with more than 120 million dollars of inflow. Its continued dominance in the daily ETF flows indicates that major investors still consider the current price levels of Bitcoin an attractive entry opportunity.
The inflows could point to the early stages of a broader bullish trend. Given the improving liquidity in the market, combined with a strong risk appetite and consistent demand through regulated ETF channels, many believe that more upside awaits Bitcoin in the weeks ahead. Investors will be keenly watching whether or not the momentum in these inflows continues; this would be the key to further strength in BTC.
#Bitcoin #BTC #CryptoMarkets #BitcoinETF #CryptoFirst21
IMF Sounds Alarm: Stablecoins Could Undermine Monetary Power Worldwide
The International Monetary Fund voices a stern warning that the rapid rise of stablecoins-in particular, those pegged to foreign currencies like the US dollar-could accelerate "currency substitution" in many countries. As more consumers and businesses shift to using stablecoins for payments, savings, and cross-border transfers, domestic currencies may lose relevance. According to the IMF, this could undermine central banks' ability to control money supply, manage inflation, and maintain financial stability.
The IMF warned that the widespread use of dollar-linked stablecoins would deepen digital dollarization, reduce demand for local currencies, and erode a crucial source of revenue: seigniorage. This loss of monetary influence becomes most problematic in economically vulnerable regions already struggling with inflation or limited trust in financial institutions.
The Fund also warns that stablecoins can trigger volatile capital flows, create pressure on foreign-exchange markets, and amplify systemic risks—especially during large redemption events. Inconsistent global regulations mean stablecoin issuers could operate across borders with limited oversight, making it harder to enforce reserve transparency, redemption rights, and anti-money-laundering rules.
While the IMF recognizes stablecoins' potential to improve in the area of payments and remittances, it puts a greater emphasis on the need for tough regulation, high-quality backing of reserves, and consideration of the issuance of central bank digital currencies to safeguard monetary sovereignty. Overall, stablecoins promote innovation and risk-but with too little robust regulatory coordination, could shift financial power away from central banks and reshape global economic stability.
#Stablecoins #IMF #GlobalFinance #CryptoRegulation #Cryptofirst21
The International Monetary Fund voices a stern warning that the rapid rise of stablecoins-in particular, those pegged to foreign currencies like the US dollar-could accelerate "currency substitution" in many countries. As more consumers and businesses shift to using stablecoins for payments, savings, and cross-border transfers, domestic currencies may lose relevance. According to the IMF, this could undermine central banks' ability to control money supply, manage inflation, and maintain financial stability.
The IMF warned that the widespread use of dollar-linked stablecoins would deepen digital dollarization, reduce demand for local currencies, and erode a crucial source of revenue: seigniorage. This loss of monetary influence becomes most problematic in economically vulnerable regions already struggling with inflation or limited trust in financial institutions.
The Fund also warns that stablecoins can trigger volatile capital flows, create pressure on foreign-exchange markets, and amplify systemic risks—especially during large redemption events. Inconsistent global regulations mean stablecoin issuers could operate across borders with limited oversight, making it harder to enforce reserve transparency, redemption rights, and anti-money-laundering rules.
While the IMF recognizes stablecoins' potential to improve in the area of payments and remittances, it puts a greater emphasis on the need for tough regulation, high-quality backing of reserves, and consideration of the issuance of central bank digital currencies to safeguard monetary sovereignty. Overall, stablecoins promote innovation and risk-but with too little robust regulatory coordination, could shift financial power away from central banks and reshape global economic stability.
#Stablecoins #IMF #GlobalFinance #CryptoRegulation #Cryptofirst21
AMINA Bank Becomes First European Bank to Adopt Ripple Payments
AMINA Bank has become the first European bank to integrate Ripple Payments, marking a milestone in the adoption of blockchain-based payment infrastructure by regulated financial institutions in Europe. AMINA is a crypto-focused bank regulated by Switzerland’s financial watchdog, FINMA.
Through the integration, AMINA aims to offer its crypto-native clients more efficient cross-border payment services. The Ripple Payments system enables parallel settlement of stablecoins, including Ripple’s RLUSD, alongside traditional fiat currencies. This approach is designed to lower transaction costs, speed up settlement times, and improve transparency in international payments.
The move builds on AMINA’s earlier support for custody and trading services for RLUSD, Ripple’s U.S. dollar–pegged stablecoin. By combining regulated banking services with Ripple’s payment technology, AMINA is positioning itself at the forefront of institutional crypto adoption in Europe, particularly in the area of cross-border settlements.
#Ripple #AminaBank #BinanceAlphaAlert #Write2Earn #cryptofirst21
AMINA Bank has become the first European bank to integrate Ripple Payments, marking a milestone in the adoption of blockchain-based payment infrastructure by regulated financial institutions in Europe. AMINA is a crypto-focused bank regulated by Switzerland’s financial watchdog, FINMA.
Through the integration, AMINA aims to offer its crypto-native clients more efficient cross-border payment services. The Ripple Payments system enables parallel settlement of stablecoins, including Ripple’s RLUSD, alongside traditional fiat currencies. This approach is designed to lower transaction costs, speed up settlement times, and improve transparency in international payments.
The move builds on AMINA’s earlier support for custody and trading services for RLUSD, Ripple’s U.S. dollar–pegged stablecoin. By combining regulated banking services with Ripple’s payment technology, AMINA is positioning itself at the forefront of institutional crypto adoption in Europe, particularly in the area of cross-border settlements.
#Ripple #AminaBank #BinanceAlphaAlert #Write2Earn #cryptofirst21
How To Win In Life !
Let People Do What
They Need To Do
To Make Them Happy.
Mind Your Own Business And
Do What You Need To Do
To Make You Happy.
#cryptofirst21 #Binance #crypto #Write2Earn #BinanceAlphaAlert
Let People Do What
They Need To Do
To Make Them Happy.
Mind Your Own Business And
Do What You Need To Do
To Make You Happy.
#cryptofirst21 #Binance #crypto #Write2Earn #BinanceAlphaAlert
MetaPlanet to Hold Extraordinary Shareholder Meeting on December 22 to Review Preferred Stock Plan
MetaPlanet will convene an extraordinary general meeting of shareholders on Monday, December 22, 2025, to deliberate on a key proposal involving the future issuance of preferred shares. The announcement was made by Simon Gerovich, a director of the Japan-listed company, who said the resolution could have a significant impact on MetaPlanet’s medium- to long-term strategic direction.
The proposed preferred stock issuance is still under review and is expected to play an important role in shaping the company’s capital structure, financing flexibility, and growth strategy going forward. While detailed terms of the issuance have not yet been finalized, the matter has been positioned as a strategically important decision for the company.
Shareholders will be able to exercise their voting rights via an online voting platform. The deadline to submit votes is set for 18:00 Japan time on Friday, December 19, giving investors several days to review the proposal ahead of the meeting.
The outcome of the extraordinary general meeting will be closely watched by the market, as it may signal MetaPlanet’s broader plans for funding, expansion, or restructuring in the years ahead.
#metaplanet #Binance #crypto #Write2Earn #cryptofirst21
MetaPlanet will convene an extraordinary general meeting of shareholders on Monday, December 22, 2025, to deliberate on a key proposal involving the future issuance of preferred shares. The announcement was made by Simon Gerovich, a director of the Japan-listed company, who said the resolution could have a significant impact on MetaPlanet’s medium- to long-term strategic direction.
The proposed preferred stock issuance is still under review and is expected to play an important role in shaping the company’s capital structure, financing flexibility, and growth strategy going forward. While detailed terms of the issuance have not yet been finalized, the matter has been positioned as a strategically important decision for the company.
Shareholders will be able to exercise their voting rights via an online voting platform. The deadline to submit votes is set for 18:00 Japan time on Friday, December 19, giving investors several days to review the proposal ahead of the meeting.
The outcome of the extraordinary general meeting will be closely watched by the market, as it may signal MetaPlanet’s broader plans for funding, expansion, or restructuring in the years ahead.
#metaplanet #Binance #crypto #Write2Earn #cryptofirst21
SEC Issues New Guidelines on Cryptocurrency Custody for Investors
The U.S. Securities and Exchange Commission has released a new investor bulletin outlining best practices and key risks associated with cryptocurrency custody. The guidance is aimed at helping investors better understand how digital assets are stored and the trade-offs involved in different custody arrangements.
The SEC highlights the differences between self-custody and using third-party custodians. While self-custody gives investors direct control over their digital assets, it also places full responsibility for security, private keys, and recovery on the individual. In contrast, third-party custody can offer convenience and professional security measures, but investors are urged to carefully review a custodian’s policies.
Investors should understand whether custodians re-collateralize or lend out deposited assets, and whether customer funds are pooled together or held in segregated accounts. These practices can significantly affect risk exposure, especially in cases of insolvency or market stress.
The SEC also breaks down different types of cryptocurrency wallets, comparing internet-connected hot wallets with offline cold wallets. Hot wallets provide easier access and faster transactions but are more vulnerable to hacking, while cold wallets offer stronger protection against cyber threats at the cost of reduced convenience and accessibility.
Overall, the SEC emphasized that custody choices play a critical role in managing crypto-related risks, encouraging investors to carefully assess storage methods, security practices, and the transparency of service providers before committing funds.
#SEC #cryptofirst21 #Binance #crypto #BinanceBlockchainWeek
The SEC highlights the differences between self-custody and using third-party custodians. While self-custody gives investors direct control over their digital assets, it also places full responsibility for security, private keys, and recovery on the individual. In contrast, third-party custody can offer convenience and professional security measures, but investors are urged to carefully review a custodian’s policies.
Investors should understand whether custodians re-collateralize or lend out deposited assets, and whether customer funds are pooled together or held in segregated accounts. These practices can significantly affect risk exposure, especially in cases of insolvency or market stress.
The SEC also breaks down different types of cryptocurrency wallets, comparing internet-connected hot wallets with offline cold wallets. Hot wallets provide easier access and faster transactions but are more vulnerable to hacking, while cold wallets offer stronger protection against cyber threats at the cost of reduced convenience and accessibility.
Overall, the SEC emphasized that custody choices play a critical role in managing crypto-related risks, encouraging investors to carefully assess storage methods, security practices, and the transparency of service providers before committing funds.
#SEC #cryptofirst21 #Binance #crypto #BinanceBlockchainWeek
Trump Signals Policy Pivot: Tariff Relief Hints and a High-Stakes Test for the New Fed Chair
Donald Trump's indication that tariffs on some goods could be lowered points to a tactical adjustment rather than a complete shift away from his long-standing protectionist approach. Traditionally, Trump has used tariffs as both an economic shield and a bargaining tool in trade negotiations. Signaling potential selective reductions suggests an effort to ease inflationary pressures, reduce costs for U.S. manufacturers, and smooth relations with key trading partners-while still maintaining his broader "America First" trade framework. Markets generally view any easing of tariffs as positive for global growth, risk assets, and supply chains.
At the same time, however, Trump's assertion that an "immediate interest rate cut" would be a "litmus test" for the new chairman of the Federal Reserve has strong political and economic overtones. What he means is that a new Fed leader should promptly begin to pursue easier monetary policy. A quick rate cut would unmistakably shift toward growth, liquidity, and financial markets support, perhaps at some cost in terms of the Fed's inflation-fighting stance. By characterizing it as a litmus test, Trump is linking the credibility of the new chairman with how quickly the Fed moves to adopt a pro-growth policy.
Taken together, the prospective tariff reductions in conjunction with the strong pressure for immediate rate cuts provide a broader outline for a pro-stimulus economic vision. Accelerating economic growth is at the center of the approach, boosting equity and risk markets, weakening the dollar to support U.S. exports, and reducing borrowing costs for consumers and businesses. In the near term, such a policy mix would likely be highly supportive of financial markets and business confidence.
But these comments also signal grave concerns about the Fed's independence. The Fed is supposed to be immune to political pressures, and public calls for rate cuts now risk spooking bond markets if investors start to think that monetary policy is becoming politicized. If markets suspect that easing is being forced prematurely, inflation expectations could rise, pushing long-term yields higher even while shorter rates decline.
Taken together, Trump's remarks suggest a concerted drive toward lower trade barriers and easier monetary policy simultaneously. To be sure, this is a potent mix that could deliver very strong short-term growth and market momentum, but it also poses longer-term risks on the inflation, debt-expansion, and central-bank-credibility fronts.
#Trump #USPolitics #Tariffs #binance #cryptofirst21
At the same time, however, Trump's assertion that an "immediate interest rate cut" would be a "litmus test" for the new chairman of the Federal Reserve has strong political and economic overtones. What he means is that a new Fed leader should promptly begin to pursue easier monetary policy. A quick rate cut would unmistakably shift toward growth, liquidity, and financial markets support, perhaps at some cost in terms of the Fed's inflation-fighting stance. By characterizing it as a litmus test, Trump is linking the credibility of the new chairman with how quickly the Fed moves to adopt a pro-growth policy.
Taken together, the prospective tariff reductions in conjunction with the strong pressure for immediate rate cuts provide a broader outline for a pro-stimulus economic vision. Accelerating economic growth is at the center of the approach, boosting equity and risk markets, weakening the dollar to support U.S. exports, and reducing borrowing costs for consumers and businesses. In the near term, such a policy mix would likely be highly supportive of financial markets and business confidence.
But these comments also signal grave concerns about the Fed's independence. The Fed is supposed to be immune to political pressures, and public calls for rate cuts now risk spooking bond markets if investors start to think that monetary policy is becoming politicized. If markets suspect that easing is being forced prematurely, inflation expectations could rise, pushing long-term yields higher even while shorter rates decline.
Taken together, Trump's remarks suggest a concerted drive toward lower trade barriers and easier monetary policy simultaneously. To be sure, this is a potent mix that could deliver very strong short-term growth and market momentum, but it also poses longer-term risks on the inflation, debt-expansion, and central-bank-credibility fronts.
#Trump #USPolitics #Tariffs #binance #cryptofirst21
Michael Saylor Calls on Middle East to Become the “Switzerland of Bitcoin Banking”
Speaking at the Bitcoin MENA conference, Michael Saylor urged Middle Eastern nations to position themselves at the center of a new global financial model built around bitcoin-backed banking. The executive chairman of MicroStrategy framed the opportunity as a multi-trillion-dollar frontier, arguing that bitcoin collateralization, yield products, and digital money could unlock what he described as a $200 trillion market.
Saylor said the United States has already reached a broad institutional consensus that bitcoin functions as “digital gold,” pointing to supportive stances within key agencies such as the U.S. Treasury, the SEC, and other federal bodies. According to him, this emerging alignment has paved the way for deep integration of bitcoin into the traditional financial system.
He also highlighted that major American banking institutions—including JPMorgan, Citi, and Wells Fargo—are now preparing to offer bitcoin custody services and extend credit against BTC holdings. Saylor argued that as Wall Street moves further into bitcoin-based finance, the Middle East has a unique opportunity to leverage its capital, regulatory flexibility, and geopolitical position to become the “Switzerland of the 21st century” for global bitcoin banking.
#bitcoin #MichaelSaylor #MicroStrategy #Write2Earn #cryptofirst21
$BTC
Speaking at the Bitcoin MENA conference, Michael Saylor urged Middle Eastern nations to position themselves at the center of a new global financial model built around bitcoin-backed banking. The executive chairman of MicroStrategy framed the opportunity as a multi-trillion-dollar frontier, arguing that bitcoin collateralization, yield products, and digital money could unlock what he described as a $200 trillion market.
Saylor said the United States has already reached a broad institutional consensus that bitcoin functions as “digital gold,” pointing to supportive stances within key agencies such as the U.S. Treasury, the SEC, and other federal bodies. According to him, this emerging alignment has paved the way for deep integration of bitcoin into the traditional financial system.
He also highlighted that major American banking institutions—including JPMorgan, Citi, and Wells Fargo—are now preparing to offer bitcoin custody services and extend credit against BTC holdings. Saylor argued that as Wall Street moves further into bitcoin-based finance, the Middle East has a unique opportunity to leverage its capital, regulatory flexibility, and geopolitical position to become the “Switzerland of the 21st century” for global bitcoin banking.
#bitcoin #MichaelSaylor #MicroStrategy #Write2Earn #cryptofirst21
$BTC
Market Analysis of ZEC/USDT:
Zcash (ZEC) has surged to around $419.54, posting a strong +20.77%. After reaching a cycle low near $301.14, the price formed a rounded bottom structure, signaling exhaustion of selling pressure.
It crossed bullishly, confirming momentum reversal. Price has also reclaimed the key psychological level at $400, indicating strong buyer interest. The next major dynamic resistance is at $432.61, aligning with a previous supply zone, making it a critical level to break for continuation.
Support is well-defined at $372–$375, the zone where the recent bullish breakout originated. Below that, deeper support lies at $350, which acted as a multi-candle consolidation floor before the rally. The main structural support remains at $301–$305, the bottom from which the trend reversed.
On the upside, immediate resistance appears at $426. A more significant resistance zone sits at $463–$465, followed by the major barrier at $555–$560, which corresponds to a previous breakdown level and will likely act as strong supply.
Momentum shows strong buyer control with steep candle expansion, a short-term pullback is possible before further upside
#Market_Update #Write2Earn! #crypto #Binance #CryptoFirst21
$ZEC
Zcash (ZEC) has surged to around $419.54, posting a strong +20.77%. After reaching a cycle low near $301.14, the price formed a rounded bottom structure, signaling exhaustion of selling pressure.
It crossed bullishly, confirming momentum reversal. Price has also reclaimed the key psychological level at $400, indicating strong buyer interest. The next major dynamic resistance is at $432.61, aligning with a previous supply zone, making it a critical level to break for continuation.
Support is well-defined at $372–$375, the zone where the recent bullish breakout originated. Below that, deeper support lies at $350, which acted as a multi-candle consolidation floor before the rally. The main structural support remains at $301–$305, the bottom from which the trend reversed.
On the upside, immediate resistance appears at $426. A more significant resistance zone sits at $463–$465, followed by the major barrier at $555–$560, which corresponds to a previous breakdown level and will likely act as strong supply.
Momentum shows strong buyer control with steep candle expansion, a short-term pullback is possible before further upside
#Market_Update #Write2Earn! #crypto #Binance #CryptoFirst21
$ZEC
Canada Flags 40% of Crypto Users for Tax Evasion Risk
The Canada Revenue Agency has estimated that about 40% of Canadian cryptocurrency users pose a risk of tax evasion. This includes about 15% of the users who do not file their taxes at all and another 30% who are assessed as high-risk due to underreporting or other non-compliance issues.
To address this, the CRA has deployed a specialized team of about 35 auditors working on over 230 crypto-related cases, recovering over 100 million Canadian dollars in unpaid taxes. For this, the agency had attained a court order that forced platforms like Dapper Labs to actually hand over user data, though the order was narrowed down to about 2,500 accounts from 18,000 after negotiations.
Despite these efforts, no criminal charges have been filed since 2020, largely because of the anonymity and cross-border nature of crypto transactions. The CRA thus warns that crypto assets remain part of the underground economy, and users should keep detailed records of trading, staking, or NFT earnings to make sure they comply. As enforcement is heating up, stricter regulations and reporting requirements for Canadian crypto investors are expected in the near future.
#cryptotax #Write2Earn! #crypto #Binance #CryptoFirst21
The Canada Revenue Agency has estimated that about 40% of Canadian cryptocurrency users pose a risk of tax evasion. This includes about 15% of the users who do not file their taxes at all and another 30% who are assessed as high-risk due to underreporting or other non-compliance issues.
To address this, the CRA has deployed a specialized team of about 35 auditors working on over 230 crypto-related cases, recovering over 100 million Canadian dollars in unpaid taxes. For this, the agency had attained a court order that forced platforms like Dapper Labs to actually hand over user data, though the order was narrowed down to about 2,500 accounts from 18,000 after negotiations.
Despite these efforts, no criminal charges have been filed since 2020, largely because of the anonymity and cross-border nature of crypto transactions. The CRA thus warns that crypto assets remain part of the underground economy, and users should keep detailed records of trading, staking, or NFT earnings to make sure they comply. As enforcement is heating up, stricter regulations and reporting requirements for Canadian crypto investors are expected in the near future.
#cryptotax #Write2Earn! #crypto #Binance #CryptoFirst21
USDC Treasury Injects 500M USDC Into Solana, Signaling Major Liquidity Expansion
The recent move by the USDC Treasury, overseen by Circle, to mint an additional 500 million USDC on the Solana blockchain signals a significant injection of stablecoin liquidity into the network. Large-scale mints of this size typically indicate preparations for heightened institutional demand, market-making activity, or expected on-chain volume growth. Solana has seen a sharp rise in decentralized finance usage, payments activity, and high-frequency trading flows, making USDC one of the core assets powering its ecosystem.
The new supply increases circulating liquidity available for trading pairs, lending markets, and cross-chain transfers, further strengthening Solana’s position as a preferred settlement layer for stablecoin transactions due to its low fees and high throughput. This mint also aligns with Circle’s broader strategy to diversify USDC issuance across several chains rather than rely heavily on a single ecosystem.
A large mint does not necessarily trigger immediate price action because USDC is a pegged stablecoin. However, such events often precede increased capital deployment into Solana’s DeFi platforms, market-neutral strategies, or institutional trading desks preparing for liquidity needs. It may also reflect growing confidence in Solana’s network stability and its expanding role in the wider crypto market.
#USDC #solana #Write2Earn #cryptofirst21 #CryptoNews
The recent move by the USDC Treasury, overseen by Circle, to mint an additional 500 million USDC on the Solana blockchain signals a significant injection of stablecoin liquidity into the network. Large-scale mints of this size typically indicate preparations for heightened institutional demand, market-making activity, or expected on-chain volume growth. Solana has seen a sharp rise in decentralized finance usage, payments activity, and high-frequency trading flows, making USDC one of the core assets powering its ecosystem.
The new supply increases circulating liquidity available for trading pairs, lending markets, and cross-chain transfers, further strengthening Solana’s position as a preferred settlement layer for stablecoin transactions due to its low fees and high throughput. This mint also aligns with Circle’s broader strategy to diversify USDC issuance across several chains rather than rely heavily on a single ecosystem.
A large mint does not necessarily trigger immediate price action because USDC is a pegged stablecoin. However, such events often precede increased capital deployment into Solana’s DeFi platforms, market-neutral strategies, or institutional trading desks preparing for liquidity needs. It may also reflect growing confidence in Solana’s network stability and its expanding role in the wider crypto market.
#USDC #solana #Write2Earn #cryptofirst21 #CryptoNews
Market Analysis of YGG/USDT:
YGG is trading around $0.0739, posting a modest 2.64% bounce, but the broader trend remains bearish.
On the support side, immediate support sits at $0.0719, a breakdown here could trigger another leg downward. The major support zone is at $0.0695, marked by a clear swing low where buyers previously stepped in, while extended support lies at $0.0675, which may be tested if the downward trend continues.
On the resistance side, immediate resistance is at $0.0754, Stronger resistance exists at $0.0788, with a break above signaling early signs of a trend reversal. The upper resistance zone is at $0.0853, representing the previous supply area that would only be tested if bulls surpass it.
In summary, the short-term shows a weak bounce, the medium-term suggests bearish consolidation, and the long-term downtrend remains intact until YGG closes above $0.0788. A bullish breakout requires reclaiming $0.0754 followed by a close above $0.0788, while a drop below $0.0719 raises the likelihood of retesting $0.0695.
#Market_Update #Binance #Write2Earn #cryptofirst21 #BinanceBlockchainWeek
YGG is trading around $0.0739, posting a modest 2.64% bounce, but the broader trend remains bearish.
On the support side, immediate support sits at $0.0719, a breakdown here could trigger another leg downward. The major support zone is at $0.0695, marked by a clear swing low where buyers previously stepped in, while extended support lies at $0.0675, which may be tested if the downward trend continues.
On the resistance side, immediate resistance is at $0.0754, Stronger resistance exists at $0.0788, with a break above signaling early signs of a trend reversal. The upper resistance zone is at $0.0853, representing the previous supply area that would only be tested if bulls surpass it.
In summary, the short-term shows a weak bounce, the medium-term suggests bearish consolidation, and the long-term downtrend remains intact until YGG closes above $0.0788. A bullish breakout requires reclaiming $0.0754 followed by a close above $0.0788, while a drop below $0.0719 raises the likelihood of retesting $0.0695.
#Market_Update #Binance #Write2Earn #cryptofirst21 #BinanceBlockchainWeek
Market Analysis of INJ/USDT:
INJ/USDT is currently trading around $5.57, showing a mild recovery, but reflects a broader downtrend.
On the downside, key support sits at $5.30. A stronger support lies at $5.02, a clearly respected swing low, while $4.90 acts as an extended downside level if selling pressure intensifies.
On the upside, immediate resistance is at $5.63, followed by stronger resistance at $5.73,
The $6.00 level remains a psychological and technical resistance zone.
Overall, INJ is experiencing a short-term bounce within a medium-to-long-term downtrend, and a decisive break above $5.73 would open the door for bullish continuation, while losing $5.30 would likely push price back toward $5.02.
#Market_Update #Binance #Write2Earn #cryptofirst21 #BinanceBlockchainWeek
INJ/USDT is currently trading around $5.57, showing a mild recovery, but reflects a broader downtrend.
On the downside, key support sits at $5.30. A stronger support lies at $5.02, a clearly respected swing low, while $4.90 acts as an extended downside level if selling pressure intensifies.
On the upside, immediate resistance is at $5.63, followed by stronger resistance at $5.73,
The $6.00 level remains a psychological and technical resistance zone.
Overall, INJ is experiencing a short-term bounce within a medium-to-long-term downtrend, and a decisive break above $5.73 would open the door for bullish continuation, while losing $5.30 would likely push price back toward $5.02.
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Trump’s Endorsement Boosts Kevin Warsh’s Odds for Fed Chair
U.S. President Donald Trump’s sudden and public promotion of Kevin Warsh has significantly increased Warsh’s chances of becoming the next Chairman of the Federal Reserve.
On Friday, Trump said Warsh has moved to the top of his shortlist for the position, although other candidates are still under consideration. His comments came shortly after the Federal Reserve cut interest rates, lowering the benchmark federal funds rate to a range of 3.5%–3.75%, a decision Trump welcomed but said did not go far enough.
Trump stressed that Warsh largely agrees with his views on monetary policy, particularly his preference for lower interest rates to support economic growth. This perceived alignment has shifted market expectations.
According to prediction market data from Kalshi, the probability of former National Economic Council Director Kevin Hassett being nominated has fallen from around 71% to 62%, while Warsh’s implied probability has risen to 36%, indicating growing confidence in his candidacy.
While emphasizing Warsh’s suitability, Trump also reiterated his long-standing view that the Federal Reserve Chair should consult with the president on interest rate decisions. Such an approach would represent a major departure from the Fed’s tradition of political independence, raising concerns among investors and economists about potential implications for the credibility and direction of U.S. monetary policy.
#FederalReserve #KevinWarsh #DonaldTrump #Binance #cryptofirst21
U.S. President Donald Trump’s sudden and public promotion of Kevin Warsh has significantly increased Warsh’s chances of becoming the next Chairman of the Federal Reserve.
On Friday, Trump said Warsh has moved to the top of his shortlist for the position, although other candidates are still under consideration. His comments came shortly after the Federal Reserve cut interest rates, lowering the benchmark federal funds rate to a range of 3.5%–3.75%, a decision Trump welcomed but said did not go far enough.
Trump stressed that Warsh largely agrees with his views on monetary policy, particularly his preference for lower interest rates to support economic growth. This perceived alignment has shifted market expectations.
According to prediction market data from Kalshi, the probability of former National Economic Council Director Kevin Hassett being nominated has fallen from around 71% to 62%, while Warsh’s implied probability has risen to 36%, indicating growing confidence in his candidacy.
While emphasizing Warsh’s suitability, Trump also reiterated his long-standing view that the Federal Reserve Chair should consult with the president on interest rate decisions. Such an approach would represent a major departure from the Fed’s tradition of political independence, raising concerns among investors and economists about potential implications for the credibility and direction of U.S. monetary policy.
#FederalReserve #KevinWarsh #DonaldTrump #Binance #cryptofirst21
Market Analysis of ZEC/USDT:
The chart shows a strong rebound, with the price rising to $387.62 after gaining 10.49% from its recent low at $301.14.
Support has formed around the $346–$355 region, while $301 remains the major demand zone.
Immediate resistance lies at $399–$405, followed by stronger resistance around $473 and near $492.
Market sentiment appears to be shifting in favor of buyers as momentum increases, but bulls must clear the $400–$405 range to confirm continuation. A breakout above this zone could drive price toward $440, $473, and eventually $492, whereas rejection could trigger a pullback back to $355 or even a retest of $301.
Overall, ZEC is showing short-term bullish strength inside a still-bearish macro trend.
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$ZEC
The chart shows a strong rebound, with the price rising to $387.62 after gaining 10.49% from its recent low at $301.14.
Support has formed around the $346–$355 region, while $301 remains the major demand zone.
Immediate resistance lies at $399–$405, followed by stronger resistance around $473 and near $492.
Market sentiment appears to be shifting in favor of buyers as momentum increases, but bulls must clear the $400–$405 range to confirm continuation. A breakout above this zone could drive price toward $440, $473, and eventually $492, whereas rejection could trigger a pullback back to $355 or even a retest of $301.
Overall, ZEC is showing short-term bullish strength inside a still-bearish macro trend.
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$ZEC
Bitcoin price is at risk of falling to $75,000
The BTC price is also at a significant risk of further downside in the near term. The daily chart indicates that it has formed a rising wedge pattern, a bearish flag pattern.
Bitcoin has also remained below all moving averages and the key resistance level at $94,635.
Therefore, the coin may drop further to last month’s low of $80,600. A drop below that price will point to more downside to the April low of $75,000.
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The BTC price is also at a significant risk of further downside in the near term. The daily chart indicates that it has formed a rising wedge pattern, a bearish flag pattern.
Bitcoin has also remained below all moving averages and the key resistance level at $94,635.
Therefore, the coin may drop further to last month’s low of $80,600. A drop below that price will point to more downside to the April low of $75,000.
#Market_Update #Binance #Write2Earn #cryptofirst21 #BinanceBlockchainWeek
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