Defrank

📌The United States Securities and Exchange Commission (SEC) opens an investigation into Elon Musk regarding the purchase of Twitter.

This time the SEC no longer has its sights on the crypto sector, as we are used to, setting its sights on Elon Musk and the acquisition of Twitter.

Apparently the millionaire would not have attended to testify last month. The SEC began requesting documents from Musk and other involved parties in April 2022.

After testifying twice last year, Musk decided not to appear this last time, so the SEC began to act.

Remember that there were many interested in the acquisition of Twitter with people from the crypto sector, including CZ Zhao from Binance, who supported Musk's purchase with $500 million dollars.

#cryptonews
#crypto2023
#Bitcoin
#BTC
$BTC

🔥New update on the pre-sale of the WET token 👀

As is known, for some days now the pre-sale of #Token WET from the HumidiFi protocol on the network of @Solana Official has been taking place. Everything was going well, at least in the first two phases of three, until in the last phase of the public pre-sale a sniper-bot appeared and bought most of the remaining #tokens , leaving several out.

Both the Humidify protocol and @Jupiter 🪐 realized what had happened and decided to take action, announcing a new plan for a fairer distribution/pre-sale.

Thus, the HumidiFi team decided to create a new token and all users who purchased in the pre-sale of the first and second phases (stakers of JUP) would receive this new token, according to the amount they purchased. The sniper-bot will receive nothing.

The most important announcement is that there will be a new public pre-sale on Monday, so users who want to participate should be ready with their USDC.

Remember that all this is executed thanks to #jupiter DTF, for greater transparency and everyone can participate in this new and final phase.

Will you participate in this new pre-sale?

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$JUP

🔥CZ Zhao debates Peter Schiff about gold and shows an advantage of Bitcoin 👀

The founder of Binance @CZ Zhao is at the conference of #Binance #blockchain week in Dubai, where he had a tense debate with gold advocate Peter Schiff, and showed a significant advantage of Bitcoin compared to gold.

Among the various debates they had, one focused on gold as a tangible asset. At one point in the debate, #CZ shows Schiff a "gold bar" with a "certificate of authenticity" that had been given to him, with many details.

Once CZ finishes describing the details of this gold bar, he hands it to Schiff for him to take a closer look, where he asks, "Is that a real gold bar or not?" Schiff does not know how to respond.

This is where the issue of authenticity is demonstrated; CZ could easily have handed him a fake bar and told him it was real (Maybe he did?), and Schiff would not know until verifying it with experts on the subject. On the other hand, in the case of Bitcoin, it works differently, where one knows when it is truly a real Bitcoin through the data on the blockchain immediately and does not need to verify it with an expert.

Therein lies a significant difference that came to light.

Do you think it was a real bar or a fake bar?

#BTCVSGOLD
#BinanceBlockchainWeek
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🔥The pre-sale of the WET token has ended in the first two phases 👀

As previously published, the pre-sale of the WET token of the Humidify protocol is taking place on the network of #solana , and the first phases have already sold out.

This pre-sale is being conducted on the launchpad of @Jupiter 🪐 called JupiterDTF, for greater transparency and evaluation of each project that is going to be launched.

For those users who are making #staking of #Token #JUP (minimum 1,000 JUP before the snapshot), they were able to access this pre-sale, and depending on how many JUP you have in staking, they assign you a maximum amount to access this pre-sale.

The first two phases (community and JUP stakers) have already ended, and only the public phase remains, where anyone can access, as long as you manage to reach the quota.

After the updates and progress of Jupiter (along with its community), I believe this is a good start with this narrative change.

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$JUP

🔥New mobile application from Binance sparks debate 🤔

#Binance , one of the #exchanges largest in the world, has launched a new application called Binance Junior, which aims to bring supervised use of the #Criptomonedas to minors aged 6 to 17.

On Wednesday, Binance announced the launch of Binance Junior, which is an independent mobile application linked to the main Binance account of the parents. The way it works is very simple, adults can deposit cryptocurrencies into these sub-accounts, set spending and transfer limits, and enable 'earn' products for their children.

This new product has been presented by Binance as a financial education tool aimed at family members. This has sparked debate, with some users criticizing this new product for targeting children in a 'crazy and irresponsible' manner, while others agree with this initiative to prepare the next generation in the field of cryptocurrencies.

This product is innovative, as something similar has not been seen in other centralized exchanges; if it works well, more exchanges could implement it.

Do you think this new product will be successful?

#BinanceJunior
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$BNB

🔥CEO of JP Morgan called "Bitcoin" a fraud and now they are testing blockchain technology 👀

In 2017, the CEO of JP Morgan, Jamie Dimon, termed #bitcoin as a "fraud" and spent years comparing it to "pet rocks," saying that the only purpose of Bitcoin was to scam. Nowadays, JPM's secret movements show
Dimon's change of perception, even going further, betting that this "crypto winter" will be short-lived.

Beyond what Dimon thinks now about Bitcoin, #JPMorgan has been developing its own #blockchain (the technology behind Bitcoin) over the past few years, focusing on serving
its institutional clients preferentially.

So advanced is JPM's development of blockchain technology that in November it became the first bank to issue a #Token of deposits in US dollars
on a public blockchain. In other words, its institutional clients can make instant money transfers through the Base blockchain at any time of the day, marking a milestone.

As I mentioned, these are just pilot tests, and it is not yet mass-market for retail investors to access, but what is important is that it has not stopped working on this project, despite the fact that the price of Bitcoin has fallen more than 30% in just a few weeks.

We could infer that Dimon knows that this drop in Bitcoin and the market #cripto in general is something normal and will not last long, which is why he is already preparing to take advantage of the next bullish surge and be able to offer new products/services for more clients.

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🔥The pre-sale of the WET token for Jupiter Stakers is coming 👀

On December 3rd, JupiterDTF will make its first launch, and it is the HumidiFi project with its token #WET on the network of #solana . This #Token will be launched under a pre-sale scheme for its community, stakers of @Jupiter 🪐 and the general public, in a very limited manner.

HumidiFi is an #DEX of active liquidity on Solana that provides CEX-level execution on-chain. This protocol has been chosen as the first project to launch its token in the #jupiter DTF, through a pre-sale system (ICO), transparently and on-chain, without any type of private round.

This pre-sale will consist of three phases, they will be oversubscribed, and the purchase order will be executed on a first-come, first-served basis.

The first phase will be allocated to the whitelist, the second phase will be allocated to Jupiter stakers, and the third phase will be for the general public. For the first two phases, the price will be $ 0.05, while for the public sale it will be $ 0.069. Since everything is oversubscribed, it is very likely that in each phase the final limit will be reached and it will sell very quickly.

You can already see if our address is chosen to participate in some phases, this through the official page of Jupiter DTF. In the last phase, everyone can participate and at most you could buy $ 1,000 dollars in WET tokens.

At TGE, the purchased WET tokens will be unlocked, so it could be attempted to buy in the pre-sale and sell at the launch. (NFA)

Will you participate in the pre-sale?

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$JUP

🔥FED announces the end of quantitative tightening and Bitcoin reacts positively 🚀

After a pullback, #bitcoin had a bullish macroeconomic signal this Tuesday, when the Federal Reserve (#Fed ) announced the end of quantitative tightening (QT) to later inject liquidity into the #mercado .

This is not a sudden announcement, as it was known that the FED would stop reducing its balance this month. The latest figures reveal that on Tuesday, $ 13,500 million dollars of liquidity entered the banking system.

In response, the price of Bitcoin had a positive reaction, rising from $ 83,822 dollars to the zone of $ 91,000 dollars for now. Additionally, the markets are preparing for the next FED meeting on December 10, where an interest rate cut is expected in the United States.

Do you think Bitcoin has already hit its minimum price?

#BTCRebound90kNext?
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$BTC

🔥Bitcoin price falls, while cryptocurrencies come under pressure again 👀

The #mercado #cripto fell on Monday morning as risk aversion sentiment returned to financial markets. The price of Bitcoin reached as low as $ 83,800
dollars, below its weekend high of around $ 91,000 dollars.

Shares related to the #Criptomonedas also retreated, with COIN and HOOD falling more
than 6%, making them the biggest losers in the S&P500. Shares of Strategy fell more than 11% while those of crypto miner MARA fell 8%.

As some analysts point out, the global economic evolution is affecting the cryptocurrency sector. This is why we have the fall of Bitcoin after a Japanese official
hinted at a possible interest rate hike in the Asian country, increasing demand for safer assets and reducing positions in riskier assets like Bitcoin.

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LFG!!!

🔥Bitcoin has a modest rebound following Thanksgiving Day in the U.S 👀

On Friday, the price of #bitcoin experienced a brief rebound that occurred alongside a strong increase in the odds of an interest rate cut by the Federal Reserve at the beginning of December, bringing the price of the asset to $93,000.

This sudden change in Bitcoin came with optimistic expectations from investors regarding an interest rate cut. It is worth noting that as days go by, there are changes in positions within the #Fed , which led to the probability of a 25-point rate cut rising from 30% to nearly 89%.

Not only did Bitcoin see a rebound, but also companies related to the #cripto sector, especially mining companies such as Cleanspark (+12%), Bitfarm (+11%), and Riot Platform (9%). Others that also had a brief increase are those with Bitcoin treasuries like KindlyND (12%) and Strategy (3.8%).

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🔥Bitcoin reaches $ 90,000 dollars, improving risk sentiment 👀

An increase in buying pressure of #bitcoin pushed the #criptomoneda to surpass the mark of $ 90,000 dollars for the first time in almost a week. However, this rally was not driven by a specific positive catalyst, but by an improvement in risk sentiment, according to a report from trading firm QCP Capital.

Bitcoin's bullish shift comes after weeks of bearish trend, triggering liquidations in the short positions market. This recent movement #alcista comes at a time when the #mercados have revalued the probability of a rate cut by the Federal Reserve in December.

According to QCP analysts, Bitcoin is likely to remain sideways within a range, highlighting that the distribution related to ETFs (outflows) could hinder rallies above $ 95,000 dollars. On the other hand, the zone of $ 80,000 to $ 82,000 remains key support levels.

Will Bitcoin be able to break that resistance and reach 100k before the end of the year?

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🔥JP Morgan offers a new leveraged product based on the performance of the Bitcoin ETF 👀

JP Morgan Chase offers a new instrument of #inversión , setting a target price for #IBIT (#etf cash of #bitcoin of #blackRock ) next month. But that's not all, as the product must meet certain conditions to generate returns (or not) for the investor, within a specified time frame.

In a shorter time horizon (1 year), if IBIT is equal to or above the set price level, the product "auto calls" and guarantees a minimum return of 16%.

If IBIT falls below the set price level, the instrument remains open until 2028, and if by then it exceeds the second price set by JP Morgan, investors receive 1.5x on their capital, which could mean a significant return for investors if Bitcoin experiences a bullish rally surpassing new highs until 2028.

Now as an incentive and protection, if IBIT falls in 2028, but not more than 30%, investors recover all their initial capital (JPM absorbs that loss), providing an extra layer of protection that does not exist if you buy IBIT directly.

But not everything is positive in this "leveraged" instrument, as if IBIT falls more than 30% in 2028, investors lose the equivalent of the depreciation of IBIT.

Will the fall of Bitcoin have anything to do with the emergence of these new instruments?

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🔥S&P lowers Tether's rating due to increases in high-risk assets held in its reserves 👀

S&P Global Ratings downgraded its evaluation from @Tether USDT to 5, the lowest rating on its scale, citing an increase in the #activos of higher-risk reserves and persistent gaps in disclosure.

The rating agency indicated that #bitcoin now represents 5% of USDT in circulation, a figure higher than the reported 3.9% in October. This means that if Bitcoin drops further, combined with other high-risk assets, it could leave USDT without sufficient guarantees (backing).

Other high-risk assets for #Tether include gold, secured loans, corporate bonds, and other investments with limited disclosure, which rose to 24% on September 30, compared to 17% the previous year. All of this, combined with the transparency gaps (inaccurate information) in custodians, counterparties, and asset composition, led to the downgrade of its rating.

How could it improve its rating? Well, very easily, according to S&P, Tether should reduce its exposure to high-risk assets (sell) and provide more comprehensive information about its reserves.

Do you think the stablecoin USDT will lose its parity?

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$USDT

🔥Bitcoin loses strength compared to the traditional market
👀

Bitcoin has fallen more than 20% in the last month, while the #altcoins have plummeted even further, indicating a shift towards a #mercado bearish trend of #Criptomonedas . On the other hand, the price of U.S. stocks has remained stable thanks to the enthusiasm around artificial intelligence.

According to an analyst from 21 shares, that divergence between cryptocurrencies and stocks comes down to macro pressure, investor sentiment, and a crypto market approaching a crypto winter.

The price of Bitcoin has dropped 22% over the last month, a drastic fall compared to traditional markets. During the same period, the S&P 500 has only fallen 2.5%, while Nasdaq has only dropped 4%. Artificial intelligence is boosting investor confidence in these markets.

The #oro once again shows that it is the favorite in times of uncertainty, reaching new weekly highs earlier this year, although it has now fallen more than 6% from its peak.

Do you think Bitcoin can return to the zone above 100k before the end of the year?

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🔥Phase 2 of Jupiter has been completed. What does it consist of? 🤔

@Jupiter 🪐 just announced that phase 2 of its plan for a new beginning has been completed, which included the burning of more than #tokens and the reduction of the unstaking period.

With this new phase, what #jupiter seeks is to strategically align token #JUP with the broader goal of creating the platform, the community, and the token to empower billions of people to #defi .

This new phase began with the voting on the burning of 130 million JUP tokens, which has already been executed.

Another topic addressed is regarding the unstaking period (removing JUP tokens from #staking ), which has already been updated, changing from 30 days to just 7 days.

They also indicate that they are modifying some criteria that were announced for the next airdrop, considering the opinions (both good and bad) of their community.

Finally, as part of this new update, they are also seeking new ways to integrate the JUP token within their products, and as part of this, it now requires 10,000 JUP in staking to access Metis Binary.

Do you think JUP might have a rebound soon?
$JUP

🔥Bitcoin price plummets more than $ 40,000 in just 6 weeks 😭

The price of #bitcoin extended its recent decline on Friday, reaching a low not seen since early
April, below $ 81,000. This is the fourth week that the price of Bitcoin has been decreasing, as investors reassess their risk tolerance amid widespread volatility in financial markets.

Not only Bitcoin was affected by the recent drop of #mercado , but also other #Criptomonedas with higher market capitalization like ETH, SOL, XRP, among others. The exchange-traded funds (#etf ) of cryptocurrencies also did not escape and experienced continuous capital outflows.

The employment report on Thursday did not clarify the future trajectory of interest rates. Additionally, there are still conflicts regarding the release of important past data that were affected during the government shutdown. Now there is a 73% probability that rates will be lowered in December.

Do you think Bitcoin has already hit bottom?

#BTCVolatility
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🔥The position of Strategy (Microstrategy) is almost in the red 👀

On Friday #bitcoin extended its drop to a minimum of $80,600 on Binance, just $6,167 difference from the entry or average purchase price of Strategy (#MicroStrategy ) of $74,433.

This endangers the position of #Strategy , as if Bitcoin drops another 8%, the position of Strategy will turn negative.

Just 46 days ago, when Bitcoin reached its new all-time high, the Bitcoin position of Strategy had risen by 70%.

The price of Strategy's shares is also suffering losses, experiencing a free fall since July 18 of this year.

What will Strategy do when that moment arrives? Will it continue to buy?

#BTCVolatility
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