Nobel Laureate economist vs Bitcoin HODLer 🤣

Fed expected to cut rates by 1% by November

- JPMorgan

Twenty-two years ago, Adam Back released the Hashcash whitepaper, introducing the proof-of-work consensus mechanism, which is the core of the Bitcoin network 💥⚡️

The Strategic Bitcoin Reserve bill has been officially introduced ⚡️

Global liquidity (M2) is at an ALL-TIME HIGH 📈

An increase in global liquidity (M2) can be considered a bullish factor for the crypto market. This happens because greater liquidity means there is more money available in the financial system, which can lead to increased investments in assets like cryptocurrencies. When more money is available, investors tend to seek higher returns, and cryptocurrencies, being a volatile market, can attract some of this capital in search of higher gains

Wen your Dex has an FDV bigger than Uniswap ...you're fu*king overvalued

In the past 24 hours the total liquidations comes in at $352.47 Million

Potential reasons for market crash:

- War situation
- Recession concerns
- Reduced odds of Trump winning
- Japan rate hike situation
- Japan markets sell-off
- US markets sell-off

pretty much summed up all the chaos happening in one post:

https://x.com/axel_bitblaze69/status/1820334163435692541?s=46&t=MpsMbNE2PDtDtDfKU

Almost 1B$ liquidated in last 24 hours
😱

Black Monday across all markets.

-Bitcoin Down 15%

-Japan’s Topix Index of equities has fallen as much as 11%

-Japan's Nikkei crashes 15%

-Taiwan’s Taiex Closes Down 8.4%, Worst Day on Record

-Korean KOSPI 200 futures halted after 5% fall

-S&P 500 Futures Fall 3.1%

-NASDAQ Futures Down 6%

-NIFTY 50 Down 3.1%

Fear & Greed Index today💀

Binance CEO:

Recent sharp drops in crypto & equity prices are influenced by macroeconomic factors. We do NOT believe it’s indicative of a long-term negative trend.“

$2 TRILLION wiped out from stocks this morning due to fears of a global recession

🚨 EMERGENCY FED MEETING EXPECTED

Bitcoin ETF's see almost $3B in volume in first hour of trading after global market meltdown

AAVE printed $6m in revenue in the last 24HR

Fundamental matters ✊

The Directorate General of GST Intelligence (DGGI) India sends ₹722 Crore (approx $87 million) GST notice to Binance

Binance Labs announces second batch of projects for Season 7 Incubation Program

Projects:

5⃣Aarc: A modular protocol simplifying chain abstraction for dApps.

6⃣FluxLayer: An Omni-Chain Intent Liquidity Layer powered by EigenLayer.

7⃣TonTon Games: Unlocking Telegram Gaming

Tomorrow Morgan Stanley's 15,000 financial advisors will gain the ability to pitch BTC ETFs

Just waiting for the impact this could have! 🙈

🇯🇵 Metaplanet announces to raise ¥10.08 billion to buy more Bitcoin