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DEA Veteran Accused of Betrayal, Laundering Cartel Drug Proceeds via CryptoA former senior Drug Enforcement Administration (DEA) agent who once oversaw the agency’s financial operations has been indicted for conspiring to launder millions of dollars in narcotics proceeds for Mexico’s Jalisco New Generation Cartel (CJNG), according to federal prosecutors in Manhattan Paul Campo, who served the DEA for 25 years and rose to become Deputy Chief of the Office of Financial Operations, is accused of laundering $750,000 in cartel cash by converting it into cryptocurrency and agreeing to launder an additional $12 million. Prosecutors say Campo also facilitated a payment for 220 kilograms of cocaine, valued at roughly $5 million, while boasting of his prior law enforcement expertise. Campo, alongside co-defendant Robert Sensi, allegedly met with a confidential source posing as a CJNG operative in late 2024. The indictment details how the two men offered to channel cartel money through real estate investments, advised on fentanyl production, and even explored procuring military-grade weapons and drones for the cartel. As alleged, Paul Campo and Robert Sensi conspired to assist CJNG, one of the most notorious Mexican cartels that is responsible for countless deaths through violence and drug trafficking in the United States and Mexico,” said U.S. Attorney Jay Clayton. “By participating in this scheme, Campo betrayed the mission he was entrusted with pursuing for his 25-year career with the DEA. CJNG is a violent and corrupting criminal enterprise that New Yorkers want broken.” DEA Administrator Terrance C. Cole emphasized the gravity of the charges: “The indictment of former Special Agent Paul Campo sends a powerful message: those who betray the public trust—past or present—will be held to account to the fullest extent of the law. We will not look the other way simply because someone once wore this badge. There is no tolerance and no excuse for this kind of betrayal.” Campo’s career included high-profile assignments in New York, Rome, and Milan, as well as leadership roles in DEA’s congressional affairs and financial operations. He represented the agency before Congress, the Treasury, and international organizations such as Interpol and the Financial Action Taskforce (FATF). Now, prosecutors say, the same expertise he once used to combat money laundering was turned toward aiding one of the world’s most violent cartels. Campo faces charges of narco-terrorism conspiracy, conspiracy to distribute narcotics, conspiracy to provide material support to a terrorist organization, and conspiracy to commit money laundering #Launchpool #JohnCarl #kriptohaber24 #HalvingUpdate #IDKwhatIamdoing

DEA Veteran Accused of Betrayal, Laundering Cartel Drug Proceeds via Crypto

A former senior Drug Enforcement Administration (DEA) agent who once oversaw the agency’s financial operations has been indicted for conspiring to launder millions of dollars in narcotics proceeds for Mexico’s Jalisco New Generation Cartel (CJNG), according to federal prosecutors in Manhattan
Paul Campo, who served the DEA for 25 years and rose to become Deputy Chief of the Office of Financial Operations, is accused of laundering $750,000 in cartel cash by converting it into cryptocurrency and agreeing to launder an additional $12 million. Prosecutors say Campo also facilitated a payment for 220 kilograms of cocaine, valued at roughly $5 million, while boasting of his prior law enforcement expertise.
Campo, alongside co-defendant Robert Sensi, allegedly met with a confidential source posing as a CJNG operative in late 2024. The indictment details how the two men offered to channel cartel money through real estate investments, advised on fentanyl production, and even explored procuring military-grade weapons and drones for the cartel.
As alleged, Paul Campo and Robert Sensi conspired to assist CJNG, one of the most notorious Mexican cartels that is responsible for countless deaths through violence and drug trafficking in the United States and Mexico,” said U.S. Attorney Jay Clayton. “By participating in this scheme, Campo betrayed the mission he was entrusted with pursuing for his 25-year career with the DEA. CJNG is a violent and corrupting criminal enterprise that New Yorkers want broken.”
DEA Administrator Terrance C. Cole emphasized the gravity of the charges: “The indictment of former Special Agent Paul Campo sends a powerful message: those who betray the public trust—past or present—will be held to account to the fullest extent of the law. We will not look the other way simply because someone once wore this badge. There is no tolerance and no excuse for this kind of betrayal.”
Campo’s career included high-profile assignments in New York, Rome, and Milan, as well as leadership roles in DEA’s congressional affairs and financial operations. He represented the agency before Congress, the Treasury, and international organizations such as Interpol and the Financial Action Taskforce (FATF).
Now, prosecutors say, the same expertise he once used to combat money laundering was turned toward aiding one of the world’s most violent cartels. Campo faces charges of narco-terrorism conspiracy, conspiracy to distribute narcotics, conspiracy to provide material support to a terrorist organization, and conspiracy to commit money laundering
#Launchpool
#JohnCarl
#kriptohaber24
#HalvingUpdate
#IDKwhatIamdoing
Geneva Gamble: Markets Await Outcome of Secretive US-China TalksTop officials from Washington and Beijing convened this weekend in Geneva, Switzerland, and Wall Street Journal (WSJ) sources with direct knowledge of the situation say further conversations are expected to continue on Sunday. The negotiations signify the first conclave of American and Chinese envoys. Before the negotiations commenced, both nations levied substantial tariffs on mutual imports, setting the stage for thi Markets—including equities, cryptocurrencies, and gold—are teetering in suspense as the U.S.-China negotiations in Geneva carry the potential to significantly reshape the contours of global trade and finance. The S&P 500, along with other major indexes, has clawed back some ground since the tariff announcements but continues to hover roughly 8% below its peak levels. Market turbulence remains pronounced, with the Cboe Volatility Index (VIX) holding above its historical mean, signaling persistent unease. In recent days, even an offhand remark from the U.S. president or an unofficial leak from Beijing has been enough to jolt asset prices with considerable force. Moreover, any constructive outcome from the Geneva discussions—be it a scaling back of tariffs, a framework for future dialogue, or merely a softening in tone—has the potential to ignite a swift rally across equities, digital assets, and could even prompt a retreat in gold prices. WSJ reporter Brian Schwartz revealed that some delegates from both China and the U.S. departed ahead of schedule. WSJ sources, however, indicated that Bessent and Greer remained behind for an additional hour. The trade negotiations between the U.S. and China have unfolded under a deliberate veil of secrecy, reflecting the intense sensitivity and substantial consequences at play. Delegates steered clear of press interactions, aware that even subtle cues or offhand remarks could be misconstrued and ripple through financial markets with destabilizing effects. Moreover, on Sunday, the White House released a press release that noted the U.S. reached a trade deal with China. Treasury Bessent and Trade Rep. Greer said the U.S.-China trade talks in Switzerland were highly productive, with agreements reached more swiftly than expected. Bessent credited the Swiss venue and emphasized Trump’s full awareness of the developments. Greer highlighted the urgency tied to the $1.2 trillion U.S. trade deficit and expressed confidence the new deal addresses key issues. #ADPPayrollsSurge #IranDealHormuzOpen #kriptohaber24 #jasmyustd #CryptoTrends2024

Geneva Gamble: Markets Await Outcome of Secretive US-China Talks

Top officials from Washington and Beijing convened this weekend in Geneva, Switzerland, and Wall Street Journal (WSJ) sources with direct knowledge of the situation say further conversations are expected to continue on Sunday. The negotiations signify the first conclave of American and Chinese envoys. Before the negotiations commenced, both nations levied substantial tariffs on mutual imports, setting the stage for thi
Markets—including equities, cryptocurrencies, and gold—are teetering in suspense as the U.S.-China negotiations in Geneva carry the potential to significantly reshape the contours of global trade and finance. The S&P 500, along with other major indexes, has clawed back some ground since the tariff announcements but continues to hover roughly 8% below its peak levels.
Market turbulence remains pronounced, with the Cboe Volatility Index (VIX) holding above its historical mean, signaling persistent unease. In recent days, even an offhand remark from the U.S. president or an unofficial leak from Beijing has been enough to jolt asset prices with considerable force.
Moreover, any constructive outcome from the Geneva discussions—be it a scaling back of tariffs, a framework for future dialogue, or merely a softening in tone—has the potential to ignite a swift rally across equities, digital assets, and could even prompt a retreat in gold prices. WSJ reporter Brian Schwartz revealed that some delegates from both China and the U.S. departed ahead of schedule.
WSJ sources, however, indicated that Bessent and Greer remained behind for an additional hour. The trade negotiations between the U.S. and China have unfolded under a deliberate veil of secrecy, reflecting the intense sensitivity and substantial consequences at play. Delegates steered clear of press interactions, aware that even subtle cues or offhand remarks could be misconstrued and ripple through financial markets with destabilizing effects.
Moreover, on Sunday, the White House released a press release that noted the U.S. reached a trade deal with China. Treasury Bessent and Trade Rep. Greer said the U.S.-China trade talks in Switzerland were highly productive, with agreements reached more swiftly than expected. Bessent credited the Swiss venue and emphasized Trump’s full awareness of the developments. Greer highlighted the urgency tied to the $1.2 trillion U.S. trade deficit and expressed confidence the new deal addresses key issues.
#ADPPayrollsSurge
#IranDealHormuzOpen
#kriptohaber24
#jasmyustd
#CryptoTrends2024
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Bullish
USDf Explained: The Synthetic Stablecoin Climbing the RanksFalcon Finance’s USDf is an overcollateralized synthetic stablecoin designed to hold its peg to the U.S. dollar through diversified crypto reserves and institutional-grade decentralized finance ( DeFi) strategies. Unlike conventional fiat-backed tokens, USDf relies on crypto assets—including stablecoins such as USDT and USDC alongside volatile tokens like BTC and ETH—as collateral. USDf minting requires overcollateralization: stablecoins are accepted at a 1:1 ratio, while volatile tokens demand higher deposits (for example, $150 in ETH to create 100 USDf) to absorb market price swings. To maintain its $1 peg, falcon usd (USDf) also deploys arbitrage and delta-neutral trading. When the token dips below $1, buyers are incentivized; when it climbs above, users are motivated to mint and sell—automated mechanisms that restore balance. At the close of March, USDf’s market capitalization was $85 million. Over the past 146 days, its supply has expanded by 1,355.29%. Roughly 91% of USDf circulates on the Ethereum blockchain, with the remaining share issued on Binance Smart Chain. Documentation explains that holders can stake USDf to receive sUSDf, an appreciating ERC-4626 token. Yields are generated from market-neutral strategies such as funding-rate arbitrage (44% of returns) and cross-exchange arbitrage (34%), offering up to 11.8% APY. Locking sUSDf for three to twelve months can raise returns to 15%. The protocol enforces a collateral ratio between 115% and 116%, with reserves audited quarterly and monitored in real time using Chainlink Proof of Reserve. As of Aug. 18, 2025, USDf’s market capitalization stood at $1.24 billion. Growth drivers include partnerships such as Bitgo, integration with tokenized treasuries, and deployment on trading platforms like Uniswap and Curve. Supply exceeded $1 billion just three months after its April 2025 debut. USDf sits among a wave of fresh contenders climbing into the top ten stablecoin ranks, alongside Sky’s USDS, Blackrock’s BUIDL, World Liberty Financial’s USD1, and Ethena’s USDtb. #jasmyustd #cryptouniverseofficial #MegadropLista #NOTCOİN #kriptohaber24

USDf Explained: The Synthetic Stablecoin Climbing the Ranks

Falcon Finance’s USDf is an overcollateralized synthetic stablecoin designed to hold its peg to the U.S. dollar through diversified crypto reserves and institutional-grade decentralized finance ( DeFi) strategies.
Unlike conventional fiat-backed tokens, USDf relies on crypto assets—including stablecoins such as USDT and USDC alongside volatile tokens like BTC and ETH—as collateral.
USDf minting requires overcollateralization: stablecoins are accepted at a 1:1 ratio, while volatile tokens demand higher deposits (for example, $150 in ETH to create 100 USDf) to absorb market price swings.
To maintain its $1 peg, falcon usd (USDf) also deploys arbitrage and delta-neutral trading. When the token dips below $1, buyers are incentivized; when it climbs above, users are motivated to mint and sell—automated mechanisms that restore balance.
At the close of March, USDf’s market capitalization was $85 million. Over the past 146 days, its supply has expanded by 1,355.29%. Roughly 91% of USDf circulates on the Ethereum blockchain, with the remaining share issued on Binance Smart Chain.
Documentation explains that holders can stake USDf to receive sUSDf, an appreciating ERC-4626 token. Yields are generated from market-neutral strategies such as funding-rate arbitrage (44% of returns) and cross-exchange arbitrage (34%), offering up to 11.8% APY.
Locking sUSDf for three to twelve months can raise returns to 15%. The protocol enforces a collateral ratio between 115% and 116%, with reserves audited quarterly and monitored in real time using Chainlink Proof of Reserve. As of Aug. 18, 2025, USDf’s market capitalization stood at $1.24 billion.
Growth drivers include partnerships such as Bitgo, integration with tokenized treasuries, and deployment on trading platforms like Uniswap and Curve. Supply exceeded $1 billion just three months after its April 2025 debut. USDf sits among a wave of fresh contenders climbing into the top ten stablecoin ranks, alongside Sky’s USDS, Blackrock’s BUIDL, World Liberty Financial’s USD1, and Ethena’s USDtb.
#jasmyustd
#cryptouniverseofficial
#MegadropLista
#NOTCOİN
#kriptohaber24
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Bullish
🚀 $FLOCK /USDT Breakout Alert – Massive Momentum 🚀 Trading Setup Current Price: $0.07785 Bullish Target: $0.0950 – $0.1000 Correction Support: $0.0580 – $0.0610 Stop Loss: $0.0540 Market Analysis Floki ($FLOCK) is currently dominating with a massive surge of +26.07%. The candlestick chart shows an aggressive vertical breakout, having surpassed the previous consolidation zone with a huge spike in volume. After a brief consolidation near $0.065, the bulls successfully pushed the price to a daily high of $0.07837. Forecast The trend is currently extremely bullish. If $FLOCK maintains its momentum and stays above the support level at $0.072, it is highly likely we will see a rise towards the psychological level of $0.10. However, due to the vertical nature of this move, traders should watch for a potential "healthy retracement." If the price fails to hold the current levels, we might see a pullback to the support zone at $0.058 before the next leg up. Keep a close eye on the $0.080 level; a break above confirms the mission towards $0.10. $FLOCK {future}(FLOCKUSDT) #kriptohaber24 #op🔥🔥 #CryptoWatchMay2024 #Crypto_Jobs🎯
🚀 $FLOCK /USDT Breakout Alert – Massive Momentum 🚀
Trading Setup
Current Price: $0.07785
Bullish Target: $0.0950 – $0.1000
Correction Support: $0.0580 – $0.0610
Stop Loss: $0.0540
Market Analysis
Floki ($FLOCK) is currently dominating with a massive surge of +26.07%. The candlestick chart shows an aggressive vertical breakout, having surpassed the previous consolidation zone with a huge spike in volume. After a brief consolidation near $0.065, the bulls successfully pushed the price to a daily high of $0.07837.
Forecast
The trend is currently extremely bullish. If $FLOCK maintains its momentum and stays above the support level at $0.072, it is highly likely we will see a rise towards the psychological level of $0.10. However, due to the vertical nature of this move, traders should watch for a potential "healthy retracement." If the price fails to hold the current levels, we might see a pullback to the support zone at $0.058 before the next leg up.
Keep a close eye on the $0.080 level; a break above confirms the mission towards $0.10.
$FLOCK
#kriptohaber24 #op🔥🔥 #CryptoWatchMay2024 #Crypto_Jobs🎯
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Bullish
US Equity Markets Fall as Iran Tensions Trigger Oil Rally and Risk-off TradingThe Dow Jones Industrial Average fell about 948 points, or roughly 1.95%, trading near 47,790 by midday. The S&P 500 declined around 88 points, or 1.28%, to about 6,781. The Nasdaq Composite dropped roughly 268 points, or about 1.17%, hovering near 22,540. Smaller-cap stocks faced steeper pressure, with the Russell 2000 sliding more than 2%, signaling broad risk aversion across U.S. equities. Markets opened slightly higher but reversed course late in the morning as geopolitical tensions intensified in the Middle East. Reports tied to military escalation involving Iran triggered renewed concern over potential disruptions to global energy supply routes, particularly the Strait of Hormuz, which carries roughly 20% of the world’s seaborne oil shipments. Reuters reports that at least nine commercial vessels have been attacked since the war started. On March 5, Iran’s IRGC lobbed missiles and dispatched explosive drone boats at commercial shipping, hitting vessels including the Marshall Islands-flagged MKD Vyom gasoline tanker, which burst into flames leaving one crew member dead and several injured, and the Palau-flagged Skylight near Oman, forcing its crew to scramble for evacuation. Energy markets reacted quickly. West Texas Intermediate crude climbed nearly 6% to around $79 per barrel, while Brent crude traded near $84. The move revived inflation concerns just as investors were debating when the Federal Reserve might begin easing monetary policy later this year. Volatility followed suit. The CBOE Volatility Index (VIX), often described as Wall Street’s “fear gauge,” jumped more than 16% to about 24.7, reflecting rising demand for downside protection and a clear shift toward defensive positioning. Sector performance mirrored the shift in sentiment. Energy companies held up better than the broader market as oil prices advanced, while transportation stocks dropped more than 3%. Financial firms also struggled, with shares of Morgan Stanley falling roughly 2.7% following reports of layoffs tied to cost-cutting efforts. Technology stocks, which had been among the year’s strongest performers, moved lower as investors trimmed exposure to growth-oriented sectors. The Nasdaq 100 fell about 1.2%, reflecting broad pressure across large-cap technology names. Defensive sectors offered only modest refuge. Utilities slipped about 1.08%, declining less than the broader market but still reflecting cautious positioning as investors rotated away from risk assets. Commodity markets highlighted the broader uncertainty. Gold remained elevated near $5,150 to $5,180 per ounce but edged slightly lower as a stronger U.S. dollar offset safe-haven demand linked to geopolitical tensions. Energy logistics also drew attention. Rates for liquefied natural gas tankers reportedly jumped from about $40,000 per day to nearly $300,000 amid disruptions tied to Middle East instability, tightening global fuel supply expectations. China added another layer of pressure after instructing its largest refiners to suspend diesel and gasoline exports to preserve domestic supply, a move that amplified concerns about fuel availability across Europe and Asia. Overseas markets presented a mixed picture. Japan’s Nikkei index climbed roughly 4%, while South Korea’s Kospi rebounded sharply after suffering a historic drop earlier in the week. European equities traded mostly lower as rising energy costs threatened economic growth across the region. Economic data released Thursday had limited influence on trading, as geopolitical developments dominated investor attention. Markets are now looking ahead to Friday’s closely watched U.S. nonfarm payrolls report, which could shape expectations for Federal Reserve interest rate decisions later this year. Right now, CME’s Fedwatch tool shows the prospects of a cut are quite slim. For the remainder of the week, traders are watching two primary variables: oil prices and developments in the Middle East. Stabilization in crude could help calm equities, but continued escalation in the region would likely keep volatility elevated. Historically, markets often recover after geopolitical shocks, but timing those rebounds remains difficult. For now, investors appear to be adopting a cautious stance — stepping back from risk while waiting for clearer signals from both energy markets and global policymakers. #BTCSurpasses$80K #kriptohaber24 #NOTCOİN #BuyTheDip #CryptoPatience

US Equity Markets Fall as Iran Tensions Trigger Oil Rally and Risk-off Trading

The Dow Jones Industrial Average fell about 948 points, or roughly 1.95%, trading near 47,790 by midday. The S&P 500 declined around 88 points, or 1.28%, to about 6,781. The Nasdaq Composite dropped roughly 268 points, or about 1.17%, hovering near 22,540. Smaller-cap stocks faced steeper pressure, with the Russell 2000 sliding more than 2%, signaling broad risk aversion across U.S. equities.
Markets opened slightly higher but reversed course late in the morning as geopolitical tensions intensified in the Middle East. Reports tied to military escalation involving Iran triggered renewed concern over potential disruptions to global energy supply routes, particularly the Strait of Hormuz, which carries roughly 20% of the world’s seaborne oil shipments. Reuters reports that at least nine commercial vessels have been attacked since the war started.
On March 5, Iran’s IRGC lobbed missiles and dispatched explosive drone boats at commercial shipping, hitting vessels including the Marshall Islands-flagged MKD Vyom gasoline tanker, which burst into flames leaving one crew member dead and several injured, and the Palau-flagged Skylight near Oman, forcing its crew to scramble for evacuation.
Energy markets reacted quickly. West Texas Intermediate crude climbed nearly 6% to around $79 per barrel, while Brent crude traded near $84. The move revived inflation concerns just as investors were debating when the Federal Reserve might begin easing monetary policy later this year.
Volatility followed suit. The CBOE Volatility Index (VIX), often described as Wall Street’s “fear gauge,” jumped more than 16% to about 24.7, reflecting rising demand for downside protection and a clear shift toward defensive positioning.
Sector performance mirrored the shift in sentiment. Energy companies held up better than the broader market as oil prices advanced, while transportation stocks dropped more than 3%. Financial firms also struggled, with shares of Morgan Stanley falling roughly 2.7% following reports of layoffs tied to cost-cutting efforts.
Technology stocks, which had been among the year’s strongest performers, moved lower as investors trimmed exposure to growth-oriented sectors. The Nasdaq 100 fell about 1.2%, reflecting broad pressure across large-cap technology names.
Defensive sectors offered only modest refuge. Utilities slipped about 1.08%, declining less than the broader market but still reflecting cautious positioning as investors rotated away from risk assets.
Commodity markets highlighted the broader uncertainty. Gold remained elevated near $5,150 to $5,180 per ounce but edged slightly lower as a stronger U.S. dollar offset safe-haven demand linked to geopolitical tensions.
Energy logistics also drew attention. Rates for liquefied natural gas tankers reportedly jumped from about $40,000 per day to nearly $300,000 amid disruptions tied to Middle East instability, tightening global fuel supply expectations.
China added another layer of pressure after instructing its largest refiners to suspend diesel and gasoline exports to preserve domestic supply, a move that amplified concerns about fuel availability across Europe and Asia.
Overseas markets presented a mixed picture. Japan’s Nikkei index climbed roughly 4%, while South Korea’s Kospi rebounded sharply after suffering a historic drop earlier in the week. European equities traded mostly lower as rising energy costs threatened economic growth across the region.
Economic data released Thursday had limited influence on trading, as geopolitical developments dominated investor attention. Markets are now looking ahead to Friday’s closely watched U.S. nonfarm payrolls report, which could shape expectations for Federal Reserve interest rate decisions later this year.
Right now, CME’s Fedwatch tool shows the prospects of a cut are quite slim. For the remainder of the week, traders are watching two primary variables: oil prices and developments in the Middle East. Stabilization in crude could help calm equities, but continued escalation in the region would likely keep volatility elevated.
Historically, markets often recover after geopolitical shocks, but timing those rebounds remains difficult. For now, investors appear to be adopting a cautious stance — stepping back from risk while waiting for clearer signals from both energy markets and global policymakers.
#BTCSurpasses$80K
#kriptohaber24
#NOTCOİN
#BuyTheDip
#CryptoPatience
How China’s strengthening yuan could support bitcoin pricesHistorically, the yuan hasn't had much direct pull on BTC prices. Rumors have swirled for years that a weaker yuan pushes Chinese capital into crypto (and vice versa), but there's zero solid proof. However, swings in the yuan’s value can still affect bitcoin via macroeconomic channels and foreign-exchange markets, according to newsletter service LondonCryptoClub, whose founder said the ongoing strengthening of CNY could bode well for bitcoin's price. When the yuan is strengthening, it provides the cover for China to step up stimulus and easing to address the deflationary spiral they’re battling," the founders of the newsletter service told CoinDesk. A strengthening currency makes imports cheaper, thereby putting downward pressure on domestic inflation. This, in turn, creates room for policymakers to provide economic stimulus. Coincidentally, calls for Chinese stimulus have increased alongside a stronger yuan, following a string of dismal retail sales and corporate investment data released early this week. This stimulus could compensate for the expected increase in borrowing costs in Japan and Australia and the prospects of slower rate cuts by the Fed, thereby supporting risk assets, including cryptocurrencies. Now, coming to the foreign exchange part. A relentless rally in the yuan may prompt the People's Bank of China to intervene by buying dollars against the yuan. These dollars don't just sit idle; they're recycled or sold against other currencies to maintain a stable currency mix in the reserve portfolio, which holds trillions in major currencies, including the dollar, euros, yen, and others. This recycling operation ends up dragging the dollar index lower. And as it's well known, a weaker dollar tends to boost demand for dollar-denominated assets like bitcoin and contribute to looser financial conditions (cheaper cash). Smoothing operations to slow the strength means increasing the money supply as they effectively print CNY to buy dollars. Those dollars also get “recycled”, selling against other currencies to maintain stable FX weightings in their portfolio," founders said. This feeds broad dollar weakness. Added together, it all feeds into an easier liquidity environment which should be bullish for bitcoin," they added. The coming weeks will show whether this backdrop can steady bitcoin’s slide and help the market find its footing again. #MegadropLista #Robertkiyosaki #tobechukwu #kriptohaber24 #GamingCoins

How China’s strengthening yuan could support bitcoin prices

Historically, the yuan hasn't had much direct pull on BTC prices. Rumors have swirled for years that a weaker yuan pushes Chinese capital into crypto (and vice versa), but there's zero solid proof.
However, swings in the yuan’s value can still affect bitcoin via macroeconomic channels and foreign-exchange markets, according to newsletter service LondonCryptoClub, whose founder said the ongoing strengthening of CNY could bode well for bitcoin's price.
When the yuan is strengthening, it provides the cover for China to step up stimulus and easing to address the deflationary spiral they’re battling," the founders of the newsletter service told CoinDesk.
A strengthening currency makes imports cheaper, thereby putting downward pressure on domestic inflation. This, in turn, creates room for policymakers to provide economic stimulus.
Coincidentally, calls for Chinese stimulus have increased alongside a stronger yuan, following a string of dismal retail sales and corporate investment data released early this week.
This stimulus could compensate for the expected increase in borrowing costs in Japan and Australia and the prospects of slower rate cuts by the Fed, thereby supporting risk assets, including cryptocurrencies.
Now, coming to the foreign exchange part. A relentless rally in the yuan may prompt the People's Bank of China to intervene by buying dollars against the yuan.
These dollars don't just sit idle; they're recycled or sold against other currencies to maintain a stable currency mix in the reserve portfolio, which holds trillions in major currencies, including the dollar, euros, yen, and others.
This recycling operation ends up dragging the dollar index lower. And as it's well known, a weaker dollar tends to boost demand for dollar-denominated assets like bitcoin and contribute to looser financial conditions (cheaper cash).
Smoothing operations to slow the strength means increasing the money supply as they effectively print CNY to buy dollars. Those dollars also get “recycled”, selling against other currencies to maintain stable FX weightings in their portfolio," founders said.
This feeds broad dollar weakness. Added together, it all feeds into an easier liquidity environment which should be bullish for bitcoin," they added.
The coming weeks will show whether this backdrop can steady bitcoin’s slide and help the market find its footing again.
#MegadropLista #Robertkiyosaki
#tobechukwu #kriptohaber24
#GamingCoins
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Bearish
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According to Market Experts, Bitcoin (BTC) Will Explode This Week! Will there be sudden withdrawals in Bitcoin (BTC) again? Keith Alan, co-founder of Material Indicators, a successful trading indicator platform, predicts strong fluctuations in the price of the leading cryptocurrency Bitcoin (BTC) next week and expects sharp breakouts. According to Keith Alan's prediction, there is a possibility that Bitcoin will test below $58,000 in the next few days. At the same time, the popular businessman believes that despite Bitcoin's monthly red candle, if BTC holds at these levels, it will experience new rises. “Daily, monthly, quarterly and six-month candle closes, as well as the Biden-Trump presidential debate and new US inflation data, will take place on Sunday. For this reason, I expect sharp movements in BTC for the rest of the week. Keith Alan, co-founder of Material Indicators, said that large investors can make large BTC transfers in order to influence the price movement of the leading cryptocurrency. According to the successful analyst, Bitcoin must maintain the $ 56,500 support level in order to continue its upward trend until the end of July. The analyst emphasized that otherwise the asset will remain in the current range in the short and medium term. {future}(BTCUSDT) #kriptohaber24
According to Market Experts, Bitcoin (BTC) Will Explode This Week!

Will there be sudden withdrawals in Bitcoin (BTC) again?

Keith Alan, co-founder of Material Indicators, a successful trading indicator platform, predicts strong fluctuations in the price of the leading cryptocurrency Bitcoin (BTC) next week and expects sharp breakouts.

According to Keith Alan's prediction, there is a possibility that Bitcoin will test below $58,000 in the next few days. At the same time, the popular businessman believes that despite Bitcoin's monthly red candle, if BTC holds at these levels, it will experience new rises.

“Daily, monthly, quarterly and six-month candle closes, as well as the Biden-Trump presidential debate and new US inflation data, will take place on Sunday.
For this reason, I expect sharp movements in BTC for the rest of the week.

Keith Alan, co-founder of Material Indicators, said that large investors can make large BTC transfers in order to influence the price movement of the leading cryptocurrency.

According to the successful analyst, Bitcoin must maintain the $ 56,500 support level in order to continue its upward trend until the end of July. The analyst emphasized that otherwise the asset will remain in the current range in the short and medium term.

#kriptohaber24
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📣 Binance Restricts Some Stablecoins for the European Union! Binance, the world's largest cryptocurrency exchange, shared an important announcement today. In the announcement text it shared recently, the popular exchange stated that it will restrict 'unauthorized' stablecoins for users in the European Union (EU). On 30.06.2024, the new MiCA stablecoin rules will come into force in the European Economic Area (EEA). This step will be the first step into the new regulatory framework and will have a significant impact on the stablecoin market in the EEA. From 30.06.2024 (UTC+3), stablecoins will be issued in the EEA; This means that in practice only certain regulated companies can issue and offer stablecoins publicly. Many existing stablecoins may not fall into this category and will therefore be subject to certain restrictions. These will be classified as “Unauthorized Stablecoins” by Binance. Binance will fully restrict the availability of Unauthorized Stablecoins for EEA users in its product offerings starting 06/30/2024 (UTC+3). Sharing a long restriction announcement text, Binance did not announce the stablecoins in the unauthorized stablecoin category. Binance shared that only FDUSD is in this category. Our readers should remember that this stablecoin restriction applies to the European Union, not our country. #kriptohaber24 $USDC #FUSD
📣 Binance Restricts Some Stablecoins for the European Union!

Binance, the world's largest cryptocurrency exchange, shared an important announcement today. In the announcement text it shared recently, the popular exchange stated that it will restrict 'unauthorized' stablecoins for users in the European Union (EU).

On 30.06.2024, the new MiCA stablecoin rules will come into force in the European Economic Area (EEA). This step will be the first step into the new regulatory framework and will have a significant impact on the stablecoin market in the EEA.

From 30.06.2024 (UTC+3), stablecoins will be issued in the EEA; This means that in practice only certain regulated companies can issue and offer stablecoins publicly.

Many existing stablecoins may not fall into this category and will therefore be subject to certain restrictions. These will be classified as “Unauthorized Stablecoins” by Binance.

Binance will fully restrict the availability of Unauthorized Stablecoins for EEA users in its product offerings starting 06/30/2024 (UTC+3).

Sharing a long restriction announcement text, Binance did not announce the stablecoins in the unauthorized stablecoin category. Binance shared that only FDUSD is in this category.

Our readers should remember that this stablecoin restriction applies to the European Union, not our country.

#kriptohaber24 $USDC #FUSD
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FED Chairman Powell's Critical Speech Started! Here are his first words… Cryptocurrency investors are closely following the US front today. The US Federal Reserve (FED) recently kept interest rates constant at 5.50%. This decision caused the volatility in crypto assets to increase. In the past minutes, FED President Jerome Powell's critical press conference started. Here are Powell's words specifically for this press conference: Our economy has made serious progress. Strong employment gains continue in the economy. Consumer spending remains strong. The FED generally expects GDP to slow down compared to last year. The labor market is coming into better balance. Recent monthly inflation indicators have eased somewhat. So far this year we have not gained greater confidence in reducing inflation. We will need to see better data to increase confidence that inflation is falling. If the economy remains solid and the inflation problem persists, we are prepared to maintain interest rates as long as appropriate. We have a pretty conservative forecast for inflation, if we get better data I think the forecast will come down. However, we don't trust the predictions very much. Unexpected weakness in the labor market may also require a response. #kriptohaber24 #fedkonuşuyor
FED Chairman Powell's Critical Speech Started! Here are his first words…

Cryptocurrency investors are closely following the US front today. The US Federal Reserve (FED) recently kept interest rates constant at 5.50%. This decision caused the volatility in crypto assets to increase.

In the past minutes, FED President Jerome Powell's critical press conference started. Here are Powell's words specifically for this press conference:

Our economy has made serious progress. Strong employment gains continue in the economy.

Consumer spending remains strong.
The FED generally expects GDP to slow down compared to last year.

The labor market is coming into better balance.

Recent monthly inflation indicators have eased somewhat.

So far this year we have not gained greater confidence in reducing inflation.

We will need to see better data to increase confidence that inflation is falling.

If the economy remains solid and the inflation problem persists, we are prepared to maintain interest rates as long as appropriate.

We have a pretty conservative forecast for inflation, if we get better data I think the forecast will come down. However, we don't trust the predictions very much.
Unexpected weakness in the labor market may also require a response.

#kriptohaber24 #fedkonuşuyor
Let there be an increase without alienating people from this market. Bullish story, this has become a buying and selling market. When people come to their principal, they should switch to cash and buy and sell, otherwise these fraudsters will make you wait for a long time. #btc #eth #sol #kriptohaber24
Let there be an increase without alienating people from this market. Bullish story, this has become a buying and selling market. When people come to their principal, they should switch to cash and buy and sell, otherwise these fraudsters will make you wait for a long time.

#btc #eth #sol #kriptohaber24
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Big Crypto Investors Are Collecting This Memecoin Based on Solana (SOL)! The target of major crypto investors is the memecoin called CAT. The memecoin craze in the cryptocurrency industry has further fueled the interest in the Solana (SOL) network. Joke altcoins on the Solana network have caused many crypto investors to turn to this area and move away from major crypto assets. Apart from small crypto investors, whales and large VCs also show great interest in Solana-based memecoins and include these products in their portfolios. “A wallet suspected to be linked to Wintermute (giant VC) spent 1,800 SOL ($301.3k) to purchase 37.86 million CATs 4 hours ago, making a profit of $886k. A trader (insider) outside of Wintermute created a new wallet and spent 1,370 SOL ($230,000 worth) to collect 632 million CAT (63.2% of the total supply). This trader then sold some of the CAT, adding 29,525 SOLs (worth $5 million) to his wallet.” The fact that large investors and traders with enough background in the industry to recruit insiders are turning to the memecoin called CAT attracts the attention of crypto investors. #kriptohaber24
Big Crypto Investors Are Collecting This Memecoin Based on Solana (SOL)!

The target of major crypto investors is the memecoin called CAT.

The memecoin craze in the cryptocurrency industry has further fueled the interest in the Solana (SOL) network. Joke altcoins on the Solana network have caused many crypto investors to turn to this area and move away from major crypto assets.

Apart from small crypto investors, whales and large VCs also show great interest in Solana-based memecoins and include these products in their portfolios.

“A wallet suspected to be linked to Wintermute (giant VC) spent 1,800 SOL ($301.3k) to purchase 37.86 million CATs 4 hours ago, making a profit of $886k.

A trader (insider) outside of Wintermute created a new wallet and spent 1,370 SOL ($230,000 worth) to collect 632 million CAT (63.2% of the total supply).

This trader then sold some of the CAT, adding 29,525 SOLs (worth $5 million) to his wallet.”

The fact that large investors and traders with enough background in the industry to recruit insiders are turning to the memecoin called CAT attracts the attention of crypto investors.

#kriptohaber24
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