https://www.binance.com/activity/word-of-the-day/G1162647324095021056/shared?shareParam=eyJhY3Rpdml0eUlkIjoiRzExNjI2NDczMjQwOTUwMjEwNTYiLCJuZXdzSWQiOjU3MDQwODIwNzYwMjQ3MzEwODcsInJvdW5kIjozLCJ1c2VyS2V5IjoiV1UxMTY0MjIyOTgyOTIyNjI5MTIwIn0%3D Word of the Day asset
Technical Description The price shows the formation of a complex corrective pattern of the Triple Three WXYXZ type after a strong upward wave. The last wave (X) was completed at the peak near $4,700, and the price started to decline in the targeted wave (Z). We expect the correction to continue towards key support levels. The last peak at $4,700.
Trading Plan: Sell Entry (Short): between 4,300 – 4,400
First Target: $3,944
Second Target: $3,695
Third Target (Extension): $3,268
Stop Loss: Close above $4,700
Additional Technical Signal: Fibonacci 61.8% intersects with the $3,950 area, reinforcing the strength of support.
https://www.binance.com/activity/word-of-the-day/G1162647324095021056/shared?shareParam=eyJhY3Rpdml0eUlkIjoiRzExNjI2NDczMjQwOTUwMjEwNTYiLCJuZXdzSWQiOjg0MzU3MjM1MTUyNzIwMDg4NDksInJvdW5kIjoxLCJ1c2VyS2V5IjoiV1UxMTY0MjIyOTgyOTIyNjI5MTIwIn0%3D&utm_medium=web_share_copy كلمة اليوم PAYMENT
Caroline Mauron, co-founder of Orbit Markets, stated that the market "has seen a continuation of profit-taking since hitting record levels last week," adding that "the momentum behind the crypto treasury boom seems to be losing strength."
Metaplanet Inc., the Japanese hotel operator that has raised 2.2 billion dollars in bitcoin $BTC , has lost about 50% of its value since mid-June. Nick Ruck, research director at LVRG Research, noted that bitcoin's role as "digital gold" could come back to the forefront if central banks adopt easing policies. Ruck said: "Potential interest rate cuts from the Federal Reserve in September could reignite bitcoin's correlation with gold as a liquidity-based hedge, but the recent separation shows that gold thrives on central demand while bitcoin remains tied to risk appetite."
He added: "Historically, the two assets often converge during periods of monetary easing, but gold hitting record levels amid geopolitical tensions highlights its ongoing role as a safe haven, while the bitcoin narrative relies on institutional adoption and clarity from the Fed."
Major cryptocurrencies have declined, causing the total market value to fall below $4 trillion, after reaching record levels last week.
Bitcoin decreased by $BTC , with a drop of 2.2% to record around $115,000, while Ethereum lost $ETH , the second largest cryptocurrency, by more than 4% to drop below $4,300 on Monday, according to data from Investing Saudi Arabia. The combined value of all cryptocurrencies also fell to $3.9 trillion.
These losses come after Bitcoin hit a record high of $125,514 on August 14, while Ethereum approached its all-time high achieved in November 2021 on the same day. These gains were supported by extensive institutional investments led by digital treasury companies, which are listed entities aimed at building reserves of cryptocurrencies. #StrategyBTCPurchase #AltcoinSeasonLoading #BinanceAlphaAlert #REVABinanceTGE
Bloomberg reported that American Bitcoin, backed by the sons of U.S. President Donald Trump, Jr. and Eric Trump, is seeking to acquire companies in Asia in order to bolster its Bitcoin reserves.
The agency added that the company has started reaching out to investors about potential acquisition deals, including plans to purchase a company listed in Japan and another in Hong Kong.
$40 billion fraud.. Cryptocurrency mogul pleads guilty in the collapse of the "Terra Labs" platform.
American Bitcoin is looking to acquire companies that operate under a business model quite similar to that of U.S. MicroStrategy, which sells shares or bonds to invest the proceeds in purchasing cryptocurrencies like Bitcoin.
However, unlike MicroStrategy, which relies on direct purchases, American Bitcoin operates in the cryptocurrency mining sector and is set to be listed on the U.S. stock exchange in September through a reverse merger with Gryphon Digital Mining, which is listed on the Nasdaq.
Web2&Web3 Both Web2 and Web3 offer different pathways to enhance consumer welfare. It is likely that both will continue, provided that neither one cancels the other out thanks to anti-competitive strategies. And because Web3 projects lack the ability to control and dominate, anti-competitive practices will come from Web2 companies against them, not the other way around. Antitrust bodies, regulators, and policymakers must ensure the protection of Web3 from giant Web2 companies $BTC #MarketTurbulence #TRXETF
#CryptoIntegration 2.2 Web3 Needs Web2 Blockchain technology doesn't exist in a vacuum. Blockchain technology relies on Web2 products and services at a technical level. While it's theoretically possible to store blockchain records on personal computers, greater reliance is placed on cloud solutions. 32 Relying on cloud services allows blockchain nodes to operate without having to create or invest in their own digital storage space. These nodes can also operate at a low cost—AWS is remarkably low-cost. 33 The pendulum is swinging in favor of Web3, increasing reliance on Web2 products and services. Competition among Web2 companies to attract Web3 projects is growing, leading to better, cheaper, and more attractive solutions. Consider how Google Cloud is actively targeting blockchain systems to compete with AWS. 34 From a commercial perspective, Web2 companies are investing their vast profits in attracting Web3 projects. Because Web3 has proven less profitable than Web2 business models, at least for now, Web2 companies have greater investment capacity in research and development, which leads to innovative solutions and increases their appeal over time as long as it doesn't damage the reputation of Web3 projects. 35 From a non-technical perspective, Web3 also relies on Web2 services, for example, to advertise new Web3 products and services. Web3 enthusiasts often spread the word on Twitter, Reddit, and other centralized social media platforms like Telegram, Discord, and Signal. Here, too, the vast financial resources of Web2 giants enable these companies to offer inexpensive advertising to their vast network. Does all this mean that Web3 is not decentralized? Decentralization, as I have argued elsewhere, is a dynamic and multi-level concept. 36 Dynamic means measuring decentralization over time, because power relations undergo non-linear changes. Web3 projects tend toward decentralization to varying degrees, depending in part on their dependence on Web2 and other weaknesses, such as the power of core developers and mining whales. 37 However decentralization is
#CryptoIntegration 1. Rather, it is a complex relationship. 2. Web2 giants and Web3 projects cooperate and compete. 3. This contribution analyzes their relationship, explores their distinct value propositions, and outlines what may be a new enforcement priority for antitrust agencies in the future. Antitrust readers are familiar with how big tech companies operate, but they may not be familiar with Web3. Web3 refers to “decentralized products and services that run on permissionless public blockchains” (also called Layer 1). Layer 1 blockchains are decentralized (control is distributed among all participants) and distributed (the ledger—the database—is shared across the entire network). 4. Bitcoin and Ethereum are good examples: there is no top-down command and control. 5. Products and services that run on permissionless public blockchains benefit from the core properties of Layer 1. 6. Steemit.com, PeakD, and Ecency are good examples of social media. Decentralization. 7 Both Decentraland and The Sandbox are decentralized metaverses. 8 Web3 seeks to shift power from platforms to protocols—unlike the Web2 giants. 9 Theoretically, the products offered by these giants (Facebook, Google, Amazon, Microsoft, Apple, etc.) and Web3 projects are not very similar. Their ideologies, structures, and business perspectives are different. While the Web2 giants are already providing users with the products and services they prefer, Web3 development is still in its early stages and may or may not flourish. But if Web3 is to grow, a closer look at the relationship between the Web2 giants and Web3 projects suggests a complex relationship—both cooperative (1.) and competitive (2.)—that has important antitrust implications.
Crypto Bull Run Phase 2: Ethereum and Altcoins Take the Stage Traditionally, Bitcoin is followed by Ethereum to gain investors’ attention. This phase typically involves:
Shift in Capital: Investors who have gathered Bitcoin during Phase 1 will diversify their holdings into altcoins with strong utility, including Ethereum. Ethereum Outperformance: In the past, Ethereum has shown higher performance returns than Bitcoin. It is due to the utility as a platform for decentralized applications, smart contracts and DeFi projects. Why did Ethereum Underperform in this Crypto bull run? Compared to previous cycles, this cycle saw a change in trend. Ethereum failed to perform due to the following factors:
DUNCAN Update: Ethereum introduced the DUNCAN update, which aimed at bringing technical improvements. However, it turned Ethereum into an inflationary asset by increasing its supply. This change reduced its value and took away investors’ confidence. Large Scale Selling: After the update, Ethereum faced significant selling pressure. The investors cashed out, which led to a drop in demand and poor performance compared to expectations. Emergence of Solana: While Ethereum struggled, Solana emerged as a strong contender. Known for its low transaction fees and high-speed transactions, Solana attracted substantial attention from investors and developers and filled the gap left by Ethereum. Solana’s price increase further cemented its position as a major player in the market, and it drew a lot of capital away from Ethereum $BTC #MarketTurbulence #ETHTreasuryStrategy #BinanceHODLerHAEDAL #CPIWatch
What Happens in a Crypto Bull Run? The cryptocurrency market operates in different phases during the crypto bull run. And it reflects patterns that were seen in the previous cycles. While each of these cycles gives an insight into the market’s behavior, they also show certain deviations. In the present bull run cycle, the market expectations have shifted to unforeseen developments and evolving trends. Here, we are going to check the major trends of the bull market, the recent deviations, and their implications for investors.
Key Takeaways Brief intro on the crypto bull run phase of the crypto cycle. Different phases of the crypto bull cycle. Factors influencing crypto market cycles. Crypto Bull Run Phase 1: Bitcoin Leads the Market The first phase of the crypto bull market typically observes Bitcoin leading the price appreciation. This stage is characterized by:
Investor Confidence: Bitcoin, being the most popular and trusted cryptocurrency, acts as a gateway for the seasoned and the new traders alike. Capital Inflow: As Bitcoin gains momentum, significant capital flows into the asset and increases its price. Dominance in Market Capitalisation: Bitcoin’s market dominance often peaks during this phase. During this time, other cryptocurrencies, like altcoins, remain relatively stagnant