#Bitcoin is now falling again after reaching the previously defined territory.
In the 4-hour time frame, a downward harmonic pattern has formed on the chart, and the price started to decrease after facing the resistance of $68,300 and has reached the small support level of $62,845 - $63,920.
If the current level is broken by increasing selling pressure, the price may return to the previous bottom of $53,530.
👌 @Bluebitcoins
In the 4-hour time frame, a downward harmonic pattern has formed on the chart, and the price started to decrease after facing the resistance of $68,300 and has reached the small support level of $62,845 - $63,920.
If the current level is broken by increasing selling pressure, the price may return to the previous bottom of $53,530.
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Bitcoin rewards app Fold to go public on Nasdaq via SPAC deal
Fold, a rewards app based on Bitcoin, has announced plans to go public on the Nasdaq through a merger with SPAC FTAC Emerald Acquisition. The deal values Fold at approximately $365 million. Fold operates as a debit card cash back app that enables users to pay for daily expenses and bills using both fiat currency and Bitcoin, both online and in physical stores. Users earn rewards in Bitcoin when making purchases through the app. The specific stock code for Fold following the merger has not yet been disclosed.
👌 @Bluebitcoins
Fold, a rewards app based on Bitcoin, has announced plans to go public on the Nasdaq through a merger with SPAC FTAC Emerald Acquisition. The deal values Fold at approximately $365 million. Fold operates as a debit card cash back app that enables users to pay for daily expenses and bills using both fiat currency and Bitcoin, both online and in physical stores. Users earn rewards in Bitcoin when making purchases through the app. The specific stock code for Fold following the merger has not yet been disclosed.
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Aleo has announced the conclusion of Prover Incentives II and has released the final data.
Aleo, the programmable privacy network, has announced the conclusion of Prover Incentives II and released the final data. Users with scores exceeding 1,000 are eligible. The program, which ran from July 1 to 15, targeted provers of the Beta version of the testnet. Participants earned 1 million points and aimed to validate the coinbase reward mechanism and potential puzzles, incentivizing developers to advance zero-knowledge technology.
👌 @Bluebitcoins
Aleo, the programmable privacy network, has announced the conclusion of Prover Incentives II and released the final data. Users with scores exceeding 1,000 are eligible. The program, which ran from July 1 to 15, targeted provers of the Beta version of the testnet. Participants earned 1 million points and aimed to validate the coinbase reward mechanism and potential puzzles, incentivizing developers to advance zero-knowledge technology.
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Namada announces proposed token economics, total NAM 1 billion
Namada's proposed token economics outline a total supply of 1 billion NAM tokens as follows:
🔤 32.04% for Anoma Foundation supporters
🔤 18.52% for early core contributors
🔤 17% for protocol maintenance, R&D, ecosystem, and community development
🔤 16.11% for completed RPGF program public grants
🔤 16.34% for future RPGF program public grants
Namada's proposed token economics outline a total supply of 1 billion NAM tokens as follows:
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𝑻𝒉𝒂𝒏𝒌 𝒚𝒐𝒖 𝒇𝒐𝒓 𝑱𝒐𝒊𝒏𝒊𝒏𝒈 𝑶𝒖𝒓 𝑪𝒉𝒂𝒏𝒏𝒆𝒍.
𝑰𝒇 𝒚𝒐𝒖 𝒄𝒐𝒖𝒍𝒅 𝒔𝒉𝒂𝒓𝒆 𝑶𝒖𝒓 𝑳𝒊𝒏𝒌 𝒘𝒊𝒕𝒉 𝒚𝒐𝒖𝒓 𝒇𝒓𝒊𝒆𝒏𝒅𝒔, 𝒕𝒉𝒂𝒕 𝒘𝒐𝒖𝒍𝒅 𝒃𝒆 𝒂 𝒈𝒓𝒆𝒂𝒕 𝒉𝒆𝒍𝒑....🌹
@wewantyouth
@bluebitcoins
𝑰𝒇 𝒚𝒐𝒖 𝒄𝒐𝒖𝒍𝒅 𝒔𝒉𝒂𝒓𝒆 𝑶𝒖𝒓 𝑳𝒊𝒏𝒌 𝒘𝒊𝒕𝒉 𝒚𝒐𝒖𝒓 𝒇𝒓𝒊𝒆𝒏𝒅𝒔, 𝒕𝒉𝒂𝒕 𝒘𝒐𝒖𝒍𝒅 𝒃𝒆 𝒂 𝒈𝒓𝒆𝒂𝒕 𝒉𝒆𝒍𝒑....
@wewantyouth
@bluebitcoins
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Coinbase analyst: Crypto market recovers slightly, short squeeze may occur
According to financial reports, Coinbase analyst David Duong said: "Market conditions on Tuesday showed that short squeeze is likely to occur amid increased buying activity on centralized exchanges. We believe that market panic will continue in the short term, but shorts are likely to be squeezed here, which could lead to a market rebound in the next few days.
👌 @bluebitcoins
According to financial reports, Coinbase analyst David Duong said: "Market conditions on Tuesday showed that short squeeze is likely to occur amid increased buying activity on centralized exchanges. We believe that market panic will continue in the short term, but shorts are likely to be squeezed here, which could lead to a market rebound in the next few days.
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Forwarded from GOLDMANN HYDRA Community
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After breaking the dynamic resistance and more than 50% growth, #ZENUSDT tested the dynamic resistance again.
During the recent decline, #ZEN approached the specified support level, but could not cross it.
Considering the good pullback that the price had to the downward resistance and the reduction of market fluctuations, we can expect the price to grow again.
👌 @bluebitcoins
During the recent decline, #ZEN approached the specified support level, but could not cross it.
Considering the good pullback that the price had to the downward resistance and the reduction of market fluctuations, we can expect the price to grow again.
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Nigeria SEC: Be cautious and open to the supervision of Bitcoin and be willing to actively explore relevant frameworks
On August 12, according to BeInCrypto, Momotimi Agama, director of the Nigerian Securities and Exchange Commission (SEC), said that the agency is cautious and open to the regulation of Bitcoin and is willing to actively explore relevant frameworks. Agama stressed that the SEC still focuses on investor protection and market integrity maintenance. The regulator is committed to helping people understand the concept of cryptocurrencies and guide them on how to trade digital assets correctly. In addition, strict measures will be taken against companies or individuals who do not comply with the SEC regulations. Previously, Nigeria detained and accused Binance executive Tigran Gambaryan of violating anti-money laundering laws.
😎 @Bluebitcoins
On August 12, according to BeInCrypto, Momotimi Agama, director of the Nigerian Securities and Exchange Commission (SEC), said that the agency is cautious and open to the regulation of Bitcoin and is willing to actively explore relevant frameworks. Agama stressed that the SEC still focuses on investor protection and market integrity maintenance. The regulator is committed to helping people understand the concept of cryptocurrencies and guide them on how to trade digital assets correctly. In addition, strict measures will be taken against companies or individuals who do not comply with the SEC regulations. Previously, Nigeria detained and accused Binance executive Tigran Gambaryan of violating anti-money laundering laws.
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Former U.S. Treasury Secretary: No need for an emergency rate cut, but a 50 basis point rate cut in September may be appropriate
On August 12, former U.S. Treasury Secretary Summers warned that any president's influence on U.S. monetary policy making would ultimately harm the economy. He pointed out that government officials "always want to print more money and lower interest rates - step on the accelerator hard to boost the economy." This pressure raises expectations of inflation and pushes up long-term interest rates. He believes that such actions by government officials will only "increase inflation without substantial output growth.
On August 12, former U.S. Treasury Secretary Summers warned that any president's influence on U.S. monetary policy making would ultimately harm the economy. He pointed out that government officials "always want to print more money and lower interest rates - step on the accelerator hard to boost the economy." This pressure raises expectations of inflation and pushes up long-term interest rates. He believes that such actions by government officials will only "increase inflation without substantial output growth.