opbnb

#Layer2 Președintele Comisiei pentru Valori Mobiliare și Burse din SUA (SEC), Gary Gensler, a depus mărturie în fața Comitetului pentru Servicii Financiare al Camerei.
Înainte de audierea Comitetului pentru Servicii Financiare al Camerei Reprezentanților din SUA, programată pe 27 septembrie 2023, președintele Comisiei pentru Valori Mobiliare și Burse din SUA (SEC), Gary Gensler, pare să fie pregătit să repete poziția pe care a avut-o în timpul recentei audieri în fața Comitetului Senatului pentru Banking, Locuințe și Afaceri Urbane.
De asemenea, citește: Analist Bloomberg dezvăluie o piesă lipsă în cursa ETF-ului Bitcoin de la Franklin

#Layer2 Aurul urmează un drum accidentat spre $1,940.00 ca reacție la decizia Fed, alege să coboare pe apelul de rată al Fed.
Perspectiva Fed preconizează o inflație ușor mai mare decât cea prezisă și menține ratele constante.
XAU/USD a oscilat pe reacția pieței, rally-ul de recuperare nu reușește să se extindă.
XAU/USD a scăzut la $1,940.00 după ce Rezerva Federală (Fed) a menținut ratele de dobândă de referință la 5.5% pentru moment. Comitetul Federal pentru Piața Deschisă (FOMC) a publicat așteptările lor privind inflația, prevăzând o inflație puțin mai mare decât estimările anterioare.

#Layer2
$
BTC$27,010ETH$1,617BNB$214XRP$0.51ADA$0.252USDC$1.00USDT$1.0000DOGE$0.06SOL$20BCH$214XMR$147.8ZEC$26NEO$7.62XLM$0.116MIOTA$0.15UNI$4.36YFI$5,351MATIC$0.54DASH$27BAND$1.08LINK$6.83DOT$4.14COMP$40.57AAVE$65.36SUSHI$0.61SNX$2.12CAKE$1.17EOS$0.58
Investors who have dollar-cost averaged into Bitcoin over time are profitable regardless of when they began implementing the strategy.
5151
1
7:23
MARKET ANALYSIS
The weighted average cost of purchased Bitcoin recently reached a level signifying that all investors who have consistently dollar-cost averaged into the leading cryptocurrency are now in the black, regardless of how long they have been holding.
This news comes despite the price of Bitcoin, as measured in U.S. dollars, still being down by over 50% from its all-time high of around $69,000.
Dollar-cost-averaging (DCA for short) is a strategy that consists of making regular purchases of an asset for a fixed dollar amount. The idea is that by spreading buy orders out over time, volatility can be mitigated. Some buys will execute at lower prices while others will be executed at higher prices. This method can be particularly appealing for an asset like Bitcoin, which has been known for its legendary volatility.
And yet, many financial pundits in the space still cling to the notion of Bitcoin’s
BTC
$27,010
entire existence and market cap of nearly $600 billion being based on a Ponzi scheme of some sort. Others continue to deny that saving in the hardest form of money ever known has, so far, been an excellent investment thesis — one that has outperformed all others.
Yes, there may be risks. And yes, volatility definitely comes with the territory. But looking at such factors in a vacuum does not make for adequate analysis of any investment. The alternative strategies available must be taken into consideration, along with other variables such as:
What is the current macro environment, and how might it change going forward? What impact might this have on different asset classes and their performance?What risk/reward ratio does one strategy offer in comparison to others?Can diversification lead to an optimized risk/return profile, or does YOLO’ing all-in provide better returns?
These are just a few potential questions that could be worth investigating when it comes to arguments against dollar-cost averaging (DCAing) into BTC for the long term.
Bitcoin outperforms traditional investments
Some investors, like those at Adamant Research, have been pointing out the reality of Bitcoin’s most favorable risk/reward ratio for many years:
“We assert that the long term risk reward ratio for Bitcoin is currently the most favorable of any liquid investment in the world. We expect for it to trade in a range of $3,000 to $6,500 after which we foresee the emergence of a new bull market.”
The group made similar statements during the bear markets of 2015 and 2011 as well.
Many traditional investments, like gold, real estate, or a portfolio consisting of 60% equities and 40% bonds, have significantly underperformed compared to DCA'ing into Bitcoin.
The following chart illustrates the relative performance of several currencies and asset classes against BTC quite well:
Needless to say, when it comes to comparing the performance of a DCA strategy in Bitcoin versus literally any other asset, there is little comparison to be made.
To diversify or not?
Traditional asset managers tend to abide by certain rules, one of them being the idea of rebalancing. When a particular asset outperforms, profits should be taken and distributed elsewhere, according to this line of thinking.
It can be considered a form of diversification “on the go,” so to speak. But whether discussing diversifying from the onset of constructing a portfolio or as time goes on, how would such a strategy compare to going all-in on what has so far been considered one of the riskiest, most speculative assets of all time?
The answer is simple: Doing so would be “selling the winner to buy the losers,” as investor Michael Saylor has said.
On a five-year basis, BTC/USD is up 376%. Compare this to about 55% for the S&P 500 or gold.
Taking profits from Bitcoin at any point in time and putting them into other assets would have decimated a portfolio’s potential. Income from dividends doesn’t compensate, except for those working with multimillion-dollar portfolios. And even then, the potential income would be dwarfed by the capital gains of holding a large Bitcoin position.
While the concept of “risk” often implies volatility and potential downside, what about the risk associated with “playing it safe?” Some argue that investors should also be concerned about the potential of their portfolios to barely keep pace with the rate of inflation, which has become a significant risk in recent years.
Related: CPI meets low BTC supply — 5 things to know in Bitcoin this week
Macro trends to consider
Proponents of Bitcoin and the DCA strategy have long since contended that BTC serves as the ultimate hedge against monetary inflation and overall financial market uncertainty.
Despite critics’ best efforts aimed at destroying this narrative, it has prevailed.
Look no further than the banking collapses of 2023 and Bitcoin’s resulting rally for proof. Furthermore, while the saying “so much for an inflation hedge” became popular in 2022 as BTC fell sharply from its all-time high, that idea strangely seemed to go by the wayside in 2023.
When it comes to money printing, there is perhaps no #crypto meme more famous than “money printer go brrr.” This meme depicted Federal Reserve Chair Jerome Powell at a printing press spewing freshly minted US dollars.
A big reason that meme was so successful was the truth behind it: The growth of the M2 money supply has been highly correlated to the price of $BTC /USD since its inception.
While money supply and velocity have been trending downward as of late, there’s little reason to believe that the monetary policy of quantitative easing (QE, also sometimes referred to as money printing) has vanished completely. More likely, it simply lies dormant for a time.
Slow and steady wins the race
For many Bitcoin and crypto cynics, no amount of evidence will alter their convictions. Once a Ponzi scheme, always a Ponzi scheme, in their view. But hodlers have taken the orange pill and seen the truth while reaping the just rewards.
While Bitcoiners can invite others to the cause, no one can force a worldview on another. Even if that view has long since become self-evident.
#BTC is up 87% year-to-date. Still, the price remains 44% beneath the all-time high of $69,000. The next halving is less than one year away, projected for May 2024.
Following this event, along with the prospect of increased institutional adoption in the immediate future, it’s widely anticipated that the #bitcoin price could reach six-figure territory and beyond during this cycle.
Disclaimer: The information contained on this widget is not intended as, and shall not be understood or construed as legal, tax, investment, financial, or other advice. Nothing contained on this widget constitutes a solicitation, recommendation, endorsement, or offer by Cointelegraph or any third party service provider to buy or sell any cryptoassets or other financial instruments. We advise you to spend only what you can afford to lose, and always seek independent financial advice if you are in doubt. You should not purchase any cryptoassets if you do not fully understand the nature of your purchase and the risks involved. We recommend that you refer to the issuer’s/ advertiser’s t&c and help/ support pages for more information.#opbnb

#Layer2 The Empower Oversight group has filed a Freedom of Information Act (FOIA) request to unearth the communications of former SEC Chair Clayton.
In a continuous effort to enhance transparency and accountability in governmental agencies, Empower Oversight Whistleblowers & Research (“Empower Oversight”) has recently submitted a new Freedom of Information Act (FOIA) request. This application seeks explicit records of communications between Jay Clayton, the former Chairman of the Securities and Exchange Commission (SEC), and various individuals potentially linked to the SEC’s controversial cryptocurrency enforcement decisions.
Clayton’s Controversial Crypto Journey
From May 4, 2017, to December 23, 2020, Clayton notably declared Bitcoin was not a security. Furthermore, affirmations from senior SEC officials echoed his stance on Ether. Significantly, these announcements bolstered the value of both tokens. However, as Clayton’s term ended, the SEC’s sudden lawsuit against Ripple, claiming its #XRP token was a security, threw the cryptocurrency community into a whirlwind of speculation.
Consequently, eyebrows raised when Clayton joined One River Asset Management post-SEC, a hedge fund centering solely on Bitcoin and Ether investments. Given these developments, Empower Oversight intensified its efforts to unearth any behind-the-scenes communication between Clayton and several identified individuals during his time at the SEC.
New Insights Bring New Questions
Additionally, with Empower Oversight’s recent FOIA request, the organization seeks comprehensive communication details between Clayton and figures such as Jasmine Burgess, John D’Agostino, and others. Besides trying to piece together Clayton’s decisions, Empower Oversight is determined to ensure no conflicts of interest during Clayton’s leadership.
Moreover, this move comes at a crucial juncture, with the SEC facing flak from cryptocurrency advocates and leading US legislators. Notably, Patrick McHenry, Chairman of the House Financial Services Committee, criticized the SEC for its lack of transparent regulation concerning crypto-related activities in the US.
Recommended Articles
Top 10 Web3 Games To Explore In 2023; Here List
Crypto Presale Projects For 2023 To Invest; Updated List
Crypto Telegram Channels List 2023 [UPDATED]
Empower Oversight’s previous requests have already led to revelations. Notably, former senior SEC official William Hinman’s ties with his past employer, Simpson Thacher, garnered attention due to the potential implications of a conflict of interest. Hinman’s public declaration that #Ethereum was not a security contrasts starkly with the SEC’s previous references to similar tokens as unregistered securities.
Hence, as the inquiries deepen and the lines connecting the dots become more evident, the #cryptocurrency realm eagerly waits for clarity. These investigations will bring much-needed transparency and fairness in the rapidly evolving world of digital currencies.#opbnb

#crypto2023 O posibilă rupere de la linia de trend superioară ar putea accelera momentumul bullish în prețul BTC.
Pe parcursul lunii septembrie, acțiunea prețului #bitcoin a fost în mare parte restrânsă într-un interval de tranzacționare îngust, demonstrând o perioadă de consolidare. În acest timp, o linie de trend descendentă a oferit constant rezistență, alimentând așteptările pentru o fază corectivă prelungită printre traderi. Cu toate acestea, recentul salt al pieței—parțial catalizat de creșterea îngrijorărilor legate de o posibilă închidere a guvernului american—a văzut prețul BTC încercând o altă rupere de la această barieră superioară, aprinzând speranțele pentru o nouă fază bullish.

#Layer2 Latest data from Kaiko, a blockchain analytics firm, reveals that while XRP prices are down 46% from July 2023 highs, its liquidity has significantly improved in the past two months, expanding 50% from $8 million to $12 million as of early September.
XRP’s Liquidity Rising
The jump in market depth follows a United States court ruling in July that negated the Securities and Exchange Commission (SEC) assertions that the coin was an unregistered security and that Ripple, the blockchain company that relied on the token on its On-Demand Liquidity (ODL) solution, had illegally raised billions in their initial coin offering (ICO).
Based on market data, XRP’s market depth, a metric used to measure a digital asset’s supply and demand at every price level, has steadily risen. However, the analytics platform notes that the 50% jump in liquidity is amid a sharp contraction in trading volumes and prices.
While liquidity has spiked, it still needs to be determined whether buyers are stronger than sellers at any price point, a reading that could help traders determine the short to medium-term trajectory. In an environment with stronger buyers, it hints that demand is high, a development that could support prices going forward.
Bears In Charge, Coin Down 46% From July Peaks
Price action data shows that XRP prices rapidly soared on July 13, rising nearly 100% as prices moved from $0.47 to $0.933. While there was optimism that there would be a follow-through that could lift XRP prices above $1 in the session ahead, prices have been cooling off steadily over the past two months.
Down 46% from July 13 peaks, XRP is changing hands at the early July 2023 zone, though trading volumes are within average when writing.
It is not clear whether prices will recover from spot rates. What’s apparent is that XRP prices are still boxed within the July 13 bull bar, and buyers have a chance, based on volume analysis, provided prices are above July 2023 lows at around $0.45.
Presently, XRP is also down 70% from April 2021 highs, and bears are in control from a top-down preview despite the current upswing that has shifted sentiment following last year’s dump that saw $XRP drop to around $0.30.
While Ripple registered a partial win in the July ruling, buoying #XRP prices, the SEC intends to appeal. Even so, more analysts are convinced that the two parties will settle before the case goes to trial. This may support prices.
Some experts note that this settlement will be in the best interest of the regulator since a trial will mean Ripple might call “#Ethereum ICO Insider,” Steven Nerayoff, as a witness. Nerayoff recently stated that Ethereum got preferential treatment during its initial coin offering (ICO).#opbnb #crypto2023

While the crypto market began September with a downward trend, it concluded the month on a high note, with Bitcoin (#BTC ) stabilizing just under $27K and Ethereum (#Ethereum ) trading close to $1,650. As we step into October, there’s curiosity about which altcoins might shine. Given the continued interest in #bitcoin Cash (BCH), Chainlink (LINK), and Maker (MKR), these altcoins could potentially experience a bullish surge, making it an “Uptober” to remember.
Will Altcoins Take Over Bitcoin?
This month, as Bitcoin fell short of its bullish targets, investors have been leaning more towards altcoins. Consequently, several altcoins like Toncoin (TON) and Terra Luna Classic (LUNC) experienced significant surges.
Yet, with Bitcoin’s price regaining momentum, the altcoin season index has declined from its peak of 56 to a current level of 35. This shift has introduced a mixed sentiment and caution in the altcoin market.
Bitcoin Cash (BCH) Price Analysis
Buyers sent BCH price to a high of $245, surging past the 20-day EMA. However, the momentum was short-lived as bears soon made their entry to plunge the altcoin below the 23.6% Fib channel. As of writing, BCH’s price is trading at $236, surging over 2.3% from yesterday’s rate.
Should the price remain above the range, it would suggest that patience is leaning toward buyers. The $BCH price might then ascend to the next resistance level at $266. This resistance is pivotal, as surpassing it could pave the way for a potential surge towards the target of $300 in October.
Chainlink (LINK) Price Analysis
Chainlink price is currently retesting the channel’s upward line as it faces minor selling activity around $8.1. However, buyers are strongly defending an immediate decline by holding the price above the pattern’s support line. Currently, $LINK price is trading at $8.16, with an uptick of over 4% in 24 hours.
A successful breach and settlement above the upward trend line will negate any bearish descending triangle formation. Typically, when a bearish pattern doesn’t succeed, there’s a significant upward surge as sellers rush to cover their short positions and eager bulls begin purchasing. This momentum might drive the LINK price towards $8.8.
If the price declines from the trend line, it will suggest that bears are exerting pressure at higher levels. For a potential retest of $6.9, sellers would need to pull the price below $7.8.
Maker (MKR) Price Analysis
Maker ($MKR ) experienced a bounce from the 20-day EMA at $1,433 today, suggesting a continued positive outlook as investors capitalize on price dips. The extended wicks on the candlesticks indicate selling pressure from the bears around the 38.2% Fibonacci mark of the current level. Nonetheless, the bullish momentum is strong as the price hasn’t dropped below the 50-day EMA.
For a potential rally, buyers need to push the price beyond $1,696, aiming for a challenge at the significant resistance of $2,000. This bullish perspective will be negated if the price takes a downturn, falling under $1,369.#opbnb

#crypto2023 Stardust upgrade brings exciting new features to IOTA
IOTA, a distributed ledger technology network, has reached a new milestone with the Stardust upgrade. The IOTA team announced in an X post that the Stardust protocol upgrade and fork have now been completed.
IOTA cofounder Dominik Schiener, who is excited about the major upgrade, speaks of an IOTA rebirth on this particular day of the Stardust upgrade.
Today is the day where IOTA will be reborn 👏🚀
I’m incredibly excited and grateful to be on this journey with all of you. We are here to create one of the largest and most impactful technology ecosystems in the world.
We will not stop until we've realized our vision. https://t.co/dDe6iZKUjp
— Dominik Schiener (@DomSchiener) October 4, 2023
The former IOTA network splits into two as a result of a fork: the IOTA network, which is based on the Stardust protocol version with increased supply, and IOTA Classic, which is also based on the IOTA Stardust protocol but retains the old supply.
Following the upgrade, IOTA users are urged to update to the new Hornet and Firefly IOTA versions 2.0.0.
As stated, the new Firefly wallet version would have a tab that would reflect the airdrop given to users who had previously staked Assembly tokens.
Following the completion of the Stardust upgrade, almost 10% of the airdrop will be immediately available to users, with the remaining nearly 90% vesting every two weeks over 24 months.
It further states that no user action is required to migrate tokens to the IOTA Stardust network or to get airdropped IOTA tokens.
Stardust brings exciting new features to IOTA
The just-completed Stardust upgrade adds interesting new features to IOTA that might significantly boost its utility. These include transforming IOTA into a multiasset ledger with the capacity to feelessly mint, tokenize and transfer native assets.
#opbnb
The upgrade also adds the ability to feelessly mint and transfer NFTs on the IOTA L1 Smart contract tokenization, allowing the anchoring of L2 Smart Contract Chains on IOTA's Tangle via the IOTA Chains Framework, thus enabling IOTA to operate as a trustless asset bridge between L2 Chains.
Among the many new features introduced by the upgrade is asset wrapping, which allows assets from L2 chains to be wrapped and unwrapped into L1 native assets.
As a result of the Stardust upgrade, IOTA L1 will become a messaging layer for smart contract requests between L2 networks.#Layer2 #BTC #ETH

#crypto2023 #Layer2 Alertă importantă emisă pentru deținătorii de SHIB, BONE, LEASH și Shiboshis
Shibarmy Scam Alerts, un cont X dedicat expunerii escrocheriilor și protejării comunității Shiba Inu, a reiterat un avertisment din partea echipei Shibarium Discord.
Utilizatorii Shiba Inu sunt sfătuiți cu tărie să nu-și conecteze portofelele care conțin SHIB, BONE, LEASH, ShibTheMetaverse, Shiboshis sau alte active la dApps necunoscute.
Salutare, #Shibizens!
Vrem cu adevărat să subliniem importanța de a nu-ți conecta portofelul, care deține prețiosul $Shib $Bone $Leash, #Shiboshis, #ShibtheMetaverse sau alte active, la Dapps necunoscute. Este crucial să fii precaut și conștient de riscurile potențiale pentru a… pic.twitter.com/ra1rWuPQUB

#Layer2 Elon Musk, CEO and owner of X (formerly Twitter), recently had an exchange with DogeDesigner (@cb_doge), a prominent member of the Dogecoin team. During their casual chat, Musk gave his followers a hint about the platform's upcoming update. It all started with DogeDesigner suggesting that X remove the birdhouse icon, which now represents the home page. Musk promptly responded to this suggestion, saying, "We will." Such an update does not come as a surprise, considering the persistence with which the centibillionaire is removing everything associated with what X once was.
'Rich Dad Poor Dad' author Kiyosaki reveals true wealth secret formula
In a recent X post, Robert Kiyosaki, renowned financial expert and author of "Rich Dad Poor Dad" best-selling book, shared a piece of wisdom with his followers as the new week started. Kiyosaki recalled his life experience, writing that he has been "a winner and a loser" many times, as well as "rich and poor," feeling sorry for himself at his "pity party." The secret to success, according to the expert, lies in the ability to turn pity into personal power. Once you do this, your true wealth, health and prosperity comes forth. Kiyosaki has other wealth-building tools as well: previously, he advocated for gold and silver, calling them "God's money," as well as expressed his support for #bitcoin , considering it the "people's money."
The Shiba Inu ecosystem has recently witnessed the emergence of an enigmatic player, with his or her holdings valued at $33.6 million, or 4.596 trillion in SHIB equivalent. The wallet of this mysterious figure stands out as it does not hold any other cryptocurrencies but SHIB. Moreover, according to Etherscan data, it has no connections to any known #crypto addresses. The only interaction it has had is with another undisclosed wallet, which transferred the trillions of $SHIB tokens. At the moment, this wallet is the 25th largest holder of #Shibainu tokens.#opbnb

#Layer2 The post Tron Price Recovery, Decentraland Shaping a New Reality for Investment, Pomerdoge Setting the Standard appeared first on Coinpedia Fintech News
Today’s article shines the spotlight on three separate currencies that have recently attracted the interest of investors. Tron (TRX) is making a strong price recovery, while Decentraland ($MANA ) empowers users with true ownership of digital assets, igniting enthusiasm among its community. Lastly, Pomerdoge (POMD), a meme coin writing its own narrative through a play-to-earn system and Pomerplace marketplace.
The Pomerdoge (POMD) Presale
Tron (TRX) Price Recovery
The Tron network runs a blockchain-based operating system that allows complex programs deployed on its decentralized network. Initially created to improve content creator benefits, it expanded its services to include blockchain-based games and other businesses.
The TRX coin has seen a modest price increase following a recent market crash. As a result, the Tron coin has now secured a position within the top ten cryptocurrencies. With a current market capitalization exceeding $7 billion, increasing by over 3% in the last month alone.
Particularly noteworthy is the impressive 18.99% growth the Tron coin price has recorded over the past six months. Due to its strong performance in 2023, the $TRX coin is now considered a promising choice for altcoin investments.
Decentraland Shaping a New Reality for Investment
The Decentraland community, as represented by Decentraland DAO members, is critical to the governance of this metaverse. They premium loyalty, openness, and community interaction to ensure the platform’s success and long-term viability.
The vision in which people have complete ownership over their digital assets, including the ability to create their own unique characters, purchase and develop virtual land, and genuinely own what they own in the digital domain, has become a reality with the Decentraland #crypto .
In the latest updates from September, Decentraland has shown resilience by defending the $0.28 price level. The consistent protection of the $0.280 support level has instilled hope and excitement among investors anticipating significant growth and potential value appreciation.
Pomerdoge (POMD): A Meme Coin Opportunity Worth Considering Ahead of Decentraland
Pomerdoge (POMD) distinguishes itself from other meme coins by telling its own story through a play-to-earn (P2E) system and an interactive game called Pomergame. POMD coin is a promising new cryptocurrency with numerous advantages to prospective investors.
The ecosystem of Pomerdoge also includes a marketplace and NFTs collection, which increases its appeal as an investment choice. Considering the current low price, buying now could put you in a position to profit from potential growth patterns later on.
Now its price is $0.0165. Pomerdoge (POMD) is an outstanding early investment opportunity with an experienced staff dedicated to its development. Analysts predict that POMD will increase by 3,500% before the end of the year, making it an excellent investment for your #cryptocurrency portfolio.
POMD Presale investors can get a share of the money generated by the game proportional to the number of tokens they own. In addition, Pomerdoge is considered one of the safest presale projects as the liquidity will be permanently locked in the ecosystem, preventing a rug pull event. #opbnb #crypto2023

#Layer2 Discover how margin and option metrics hint at Bitcoin's path to $28,000 amid the Binance legal battle.
6842
147
5:01
MARKET ANALYSIS
The ongoing legal battle between the Binance cryptocurrency exchange and the U.S. Securities and Exchange Commission (SEC) took a surprising turn on Sep. 18.
Magistrate Judge Zia M. Faruqui rejected the SEC's request for access to Binance.US's systems. Instead, the Federal Magistrate suggested that the SEC should formulate specific discovery requests.
While this decision only temporarily postponed the need for Binance to demonstrate the separation between Binance.US's custody solution and Binance International, the market responded positively.
Bitcoin
BTC
$27,105
surged to its highest level in three weeks, breaking above the $27,000 resistance. Traders are now wondering whether the rally has been supported by leverage or genuine spot buying demand.
This is where metrics related to Bitcoin derivatives could potentially provide the solution.
Investors must wait three weeks for further rulings
Judge Faruqui scheduled a follow-up hearing for Oct. 12 and called upon the involved parties to submit a status report before the event, as reported by Yahoo Finance. What might have seemed like a setback for the SEC, at least for the time being, could potentially increase the risks for Binance.
Binance's founder and CEO, Changpeng “CZ” Zhao, remains steadfast in asserting that Binance.US has never utilized Binance International's custody solutions, despite a document from Binance.US on Sep. 15 suggesting otherwise. Nevertheless, the SEC has yet to produce clear evidence of Binance attempting to mislead the court.
Regardless of the current evidence, or more accurately, the absence of reliable information provided by Binance, the outlook for Bitcoin bulls has significantly improved for the next three weeks, with no anticipated changes until the upcoming court hearing.
To gauge the increasing optimism among professional traders, let's examine Bitcoin's margin and derivatives metrics.
Bitcoin margin, options show clear path toward $28,000
Margin markets offer valuable insights into the positioning of professional traders as they enable investors to increase their exposure through stablecoin borrowing.
Conversely, Bitcoin borrowers can speculate on a #cryptocurrency 's price decline. A declining indicator suggests that traders are becoming less bullish, while a ratio exceeding 30 typically indicates excessive confidence.
Recent data reveals that the margin-lending ratio for OKX traders has dropped to its lowest point in three months, standing at 19x, down from 27x just a week ago. These findings suggest that the overwhelming dominance of leverage long positions has diminished, although the current ratio still favors the bulls.
Market sentiment can also be assessed by analyzing whether more activity is occurring through call (buy) options or put (sell) options.
A put-to-call ratio of 0.70 indicates that put option open interest lags behind the more bullish calls, implying a bullish momentum. Conversely, a 1.40 indicator favors put options, signifying bearish sentiment.
Notably, since Sep. 18, $BTC options volume has either been neutral or slightly favored put options, suggesting that professional traders were caught off-guard by the price rally above $27,000.
Related: Binance CEO refutes report on $250M loan to BAM Management
Both Bitcoin margin and options markets indicate a balanced demand between long and short positions. From a bullish perspective, this suggests that excessive leverage hasn't been utilized as Bitcoin's price climbed from $26,500 to $27,500 on Sep. 19.
However, bears may find solace in the fact that even as Bitcoin's price reached its highest level in three weeks, there was limited enthusiasm from buyers in the margin and options markets.
Nonetheless, the data does hint at buying support from spot orders, possibly indicating that big entities, or so-called whales, are accumulating regardless of price.
Now, #BTC and other crypto bulls have a window of three more weeks, until Oct. 12, when the Federal Judge will convene another hearing and potentially issue orders that could pose challenges for #Binance .US. In the meantime, a Bitcoin price rally above $28,000 is certainly on the table.#opbnb

#Layer2 AUD/USD takes a step lower and erases Wednesday's gains to trade into the sub-0.6450 region heading into Thursday.The Aussie spent most of the day walking steadily higher heading into the Fed rate call.Federal Reserve holds steady on rates, but raises their outlook going forward.
The AUD/USD took a header after the Federal Reserve (Fed) had their rate call which saw the US central bank hold their benchmark interest rate steady at 5.5%.
The Greenback (USD) climbed across the board and the Aussie-Dollar pairing spilled across the charts to end Wednesday below where it started. The Fed raised their interest outlook, with the Federal Open Market Committee (FOMC) seeing interest rates at 5.1% at the end of 2024, half a percent higher than their previous forecast of 4.6%.
Read more:
Forex Today: US Dollar strengthens after Fed’s hawkish pause
Fed dot plot points to one more 25 bps hike in 2023 and 50 bps cut in 2024
Thursday will see US Initial Jobless Claims for the week into September 15th, which is forecast to tick up from 220K to 225K, and Aussie Purchasing Manager Index (PMI) figures.
Australian PMIs are scheduled for 23:00 GMT on Thursday, when markets will be heading into the Friday trading session. The Australian composite PMI last printed at a declining 48.0.
Friday will see the American side of PMI figures, which are expected to slightly improve, from 47.9 to an even 48.0 for manufacturing, and from 50.5 to 50.6 for the services component.
AUD/USD technical outlook
The AUD tumbled from the day's high near 0.6510 to close out Wednesday trading just beneath the 0.6450 handle.
Intraday prices are still seeing support from the 200-hour Simple Moving Average, currently rising into 0.6440, and the ball will be in Aussie bulls' courts to try and stage a relief rally.
On the daily candlesticks, the AUD/USD got knocked back from the 34-day Exponential Moving Average in Wednesday trading, and the pair currently sits noticeably bearish, well back from the 100-day SMA currently floating into the 0.6600 level.
The Relative Strength Index (RSI) and the Moving Average Convergence-Divergence (MACD) indicators are drifting into the midrange, with the pair trading into familiar territory on the weekly candles.
AUD/USD daily chart
AUD/USD technical levels
AUD/USD
OverviewToday last price0.6447Today Daily Change-0.0007Today Daily Change %-0.11Today daily open0.6454

TrendsDaily SMA200.6432Daily SMA500.6547Daily SMA1000.6613Daily SMA2000.6701

LevelsPrevious Daily High0.6474Previous Daily Low0.6428Previous Weekly High0.6474Previous Weekly Low0.6378Previous Monthly High0.6724Previous Monthly Low0.6364Daily Fibonacci 38.2%0.6456Daily Fibonacci 61.8%0.6445Daily Pivot Point S10.643Daily Pivot Point S20.6406Daily Pivot Point S30.6384Daily Pivot Point R10.6476Daily Pivot Point R20.6498Daily Pivot Point R30.6522
#opbnb #crypto2023 #BTC #ETH

#Layer2 UAE-headquartered RAKBANK (National Bank of Ras Al Khaimah) mentions US fintech decacorn in its comprehensive thesis on social aspects of Web3
RAKBANK, one of the largest and most technically advanced banks of UAE and a Ripple partner since 2018, introduced an entirely new way for fintechs to make a positive social impact. The company prioritizes both social and environmental "pillars" of its sustainability agenda.
Ripple's UAE partner RAKBANK changes game in sustainable development: Introducing Social Finance framework
RAKBANK, the National Bank of Ras Al Khaimah, published a Social Finance Framework thesis to cover its strategy regarding public goods, sustainability and eco-friendliness agenda. This massive document envisages the ways modern banking entities can support crucial social developments in the long run.
RAKBANK launches its Social Finance Framework, a step towards fostering a sustainable future.
This initiative aligns with our commitment to environmental, social, and governance (ESG) principles.
Know More: https://t.co/ZyDgAxMVC8#RAKBANK #Simplybetter #Sustainability pic.twitter.com/5nuPRLo1m0
— RAKBANK (@RAKBANKlive) September 22, 2023
RAKBANK's strategy includes environmental, social and governance road maps. The environmental track is focused on managing the bank's carbon footprint and supporting sustainable eco-friendly financial solutions.
The social road map includes supporting small and middle entrepreneurs to grow the business, fostering financial inclusion and literacy with a stressed focus on underbanked segments of audience. Also, RAKBANK highlighted the importance of providing assistance to volunteer communities.
Ripple Inc. is mentioned as one of the partners of RAKBANK's social efforts:
This instant remittance service, powered by RAKBANK in collaboration with Ripple, leverages blockchain technology to mitigate cash vulnerability and enhance access to banking services. By utilizing this innovative solution, RAKBANK improves the speed, efficiency, and security of cross-border remittances, facilitating seamless financial transactions for its customers
Last but not least, the governance track includes incorporating ESG Criteria into RAKBANK's Balanced Scorecard (which will be added as soon as this year) and establishing clear ESG Governance within the entity.
Web3 bets big on ESG-centric concepts
As a result of this complex road map, the company is going to accomplish a sustainability status aligned with the United Nations' Sustainable Development Goals and the Global Reporting Initiative.
In the last months, a number of blockchain heavyweights released documents focused on integration of ESG elements into tech development and marketing strategies. For instance, BlackRock, one of the largest asset management firms in the U.S., reaffirms its commitment to ESG-centric #bitcoin (#BTC ) mining.
Also, EOS Network is going to offset its carbon footprint by 3x: As per the new road map developed together with Aerial and Upland, the platform will offset three times more carbon credits than it spends.#crypto2023 #opbnb