π₯π₯ Market News Thursday - February 23 π₯π₯π Binance implements a new process to ensure that customer asset reserves are always fully guaranteed [More]
π Frax Finance (FXS) adopts the proposal to turn FRX into a fully collateralized Stablecoin, removing the algorithmic factor [More]
π A series of open projects about Big News today from Coinbase: Optimism, Synapse, LayerZero, ShuShiSwap, The Graph, Link,β¦ [More]
π For the first time, L2 Arbitrum has the number of daily transactions surpassing Ethereum mainnet [More]
π Tencent Cloud cooperates with Ankr, Avalanche, Scroll & Sui to develop Web3 [More]
π BlackRock launches ETF fund to invest in Big Tech developing Metaverse such as Meta, Apple, Nvidia, Roblox,,β¦ [More]
π In 18 months, 5 core developers have parted from the Bitcoin Core project [More]
π Azra Games raised 10M$ seed round led by A16z [More]
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π₯π₯ Market News Friday - February 24 π₯π₯π Sam FTX was charged with 4 new crimes, bringing the total crime to 12 [More]
π Binance Australia will compensate 500 users whose futures accounts were closed for misclassification as βProfessional Investorβ [More]
π SEC opposes Binance US's $1 billion acquisition of Voyager [More]
π Confidently going against the wave of layoffs, Circle will recruit 15% - 25% more personnel in 2023 [More]
π Sushi will launch Vortex derivatives exchange on Sei Network in Q2/2023 [More]
π Eclipse is about to release testnet for Layer 2 Polygon SVM β Bridge between applications on Solana and Polygon [More]
π Taiwan will complete the legal framework for Crypto before May 16 [More]
π IMF: βCrypto ban is not the best option at all, but this possibility should not be ruled outβ [More]
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π₯
The GDP growth last night was +2.7%, lower than the forecast of +2.9%. After a string of 4 consecutive months of GDP growth exceeding expectations, this is still a high number in the context of FED continuously raising interest rates.
The number of Americans filing initial unemployment claims last week was 192,000, the lowest level in 3 weeks, showing that the labor market is still strong.
PCE at 8:30 PM tonight may be the market trend decision news by the end of the month.
Forecasts:
- Core PCE Y/Y: Forecast = 4.3%, previous month = 4.4%
- Core PCE M/M: Forecast = 0.4%, previous month = 0.3%
- Total PCE Y/Y: Forecast = 4.9%, previous month = 5%
Inflation has been declining continuously since December, which is good news for the market because the FED will quickly reach its target and stop raising interest rates.
However, there is a possibility that inflation will stay stagnant or even turn around and increase again, which could shock the market. Therefore, if the numbers continue to decline sharply tonight, it would be very good.
Q4 GDP unexpectedly declined as inflation showed signs of increasing again π₯The GDP growth last night was +2.7%, lower than the forecast of +2.9%. After a string of 4 consecutive months of GDP growth exceeding expectations, this is still a high number in the context of FED continuously raising interest rates.
The number of Americans filing initial unemployment claims last week was 192,000, the lowest level in 3 weeks, showing that the labor market is still strong.
PCE at 8:30 PM tonight may be the market trend decision news by the end of the month.
Forecasts:
- Core PCE Y/Y: Forecast = 4.3%, previous month = 4.4%
- Core PCE M/M: Forecast = 0.4%, previous month = 0.3%
- Total PCE Y/Y: Forecast = 4.9%, previous month = 5%
Inflation has been declining continuously since December, which is good news for the market because the FED will quickly reach its target and stop raising interest rates.
However, there is a possibility that inflation will stay stagnant or even turn around and increase again, which could shock the market. Therefore, if the numbers continue to decline sharply tonight, it would be very good.
π―π―π―
π LSD: Stader launches ETHx liquid token, increasing demand for SD token and platform [More]
π Stablecoins: Curve's crvUSD (CRV) and Shiba's Layer 2 Shibarium (SHIB) are expected to launch soon [More]
π Proposal from Wintermute to reduce transaction fees by 45% on DYDX is expected to open voting onchain soon [More]
π Klaytn proposes to burn 73% of the total supply of KLAY tokens to achieve the goal of deflation (Demand > circulating supply) [More]
π Gelato's Private Team (GEL) will unlock 10.5% of the total supply at 11:00PM (UTC+7) (February 27)
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Crypto events this week:π ETH Denver, the largest Ethereum conference, which started last week and runs until March 5, may reveal something about Ethereum [More]
π LSD: Stader launches ETHx liquid token, increasing demand for SD token and platform [More]
π Stablecoins: Curve's crvUSD (CRV) and Shiba's Layer 2 Shibarium (SHIB) are expected to launch soon [More]
π Proposal from Wintermute to reduce transaction fees by 45% on DYDX is expected to open voting onchain soon [More]
π Klaytn proposes to burn 73% of the total supply of KLAY tokens to achieve the goal of deflation (Demand > circulating supply) [More]
π Gelato's Private Team (GEL) will unlock 10.5% of the total supply at 11:00PM (UTC+7) (February 27)
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π₯π₯ Market News Monday - February 27 π₯π₯π BTC closes the weekly candle above $23,500, Altcoin recovers slightly to welcome the new week [More]
π Binance USD (BUSD) officially slipped from TOP 10 Crypto with the largest capitalization on CoinGecko [More]
π Co β Founder of Polygon and Matter Labs hotly contested in the race to launch Layer 2 zkEVM [More]
π Solana (SOL) had a problem when splitting the chain, restarted the network & worked normally [More]
π Huobi and KuCoin still allow Russian customers to trade Crypto despite sanctions [More]
π Sam FTX wants more time to negotiate terms of bail until March 3 [More]
π Ukraine received more than 70M$ Crypto donated mainly ETH, BTC and USDT since the outbreak of war with Russia [More]
π Elon Musk's Twitter continues to lay off dozens of employees after cutting 3,700 employees in early November [More]
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π₯ Market Overview π₯
BTC price: $23,418.11
ETH price: $1,631.60
π Market Statistics:
+ Market cap: $1.069 trillion (-0.60%)
+ 24h Spot Volume: $45.36 billion (-5.95%)
+ BTC Dominance: 42.24% (+0.07%)
+ ETH Gas: 21 Gwei
+ ETH Dominance: 18.6%
πΈ Total Liquidations:
+ Over the past 24 hours, over $83.47 million has been liquidated with 27,251 traders liquidated. The largest liquidation order was on Bitmex exchange worth $4.25 million.
π Top Gainers 24h: op Gainers 24h: Gamium - GMM (+208.7%), NEM - XEM (+41.0%), Strips Finance - STRP (+28.3%), Euler - EUL (+27.4%), ALEX Lab - ALEX (+27.2%)
π₯ Fear and Greed Index: 50 (Neutral)
BTC price: $23,418.11
ETH price: $1,631.60
π Market Statistics:
+ Market cap: $1.069 trillion (-0.60%)
+ 24h Spot Volume: $45.36 billion (-5.95%)
+ BTC Dominance: 42.24% (+0.07%)
+ ETH Gas: 21 Gwei
+ ETH Dominance: 18.6%
πΈ Total Liquidations:
+ Over the past 24 hours, over $83.47 million has been liquidated with 27,251 traders liquidated. The largest liquidation order was on Bitmex exchange worth $4.25 million.
π Top Gainers 24h: op Gainers 24h: Gamium - GMM (+208.7%), NEM - XEM (+41.0%), Strips Finance - STRP (+28.3%), Euler - EUL (+27.4%), ALEX Lab - ALEX (+27.2%)
π₯ Fear and Greed Index: 50 (Neutral)
π₯π₯ Market News Tuesday - February 28 π₯π₯
π SEC touches Robinhood's neck for trading Crypto on the floor [More]π Binance accused by Forbes of not fully securitizing stablecoin USDC
π Coinbase will suspend trading of stablecoin BUSD from March 13, 2023 [More]
π DCG reported a loss of $1.1 billion in 2022, still holding total assets of 5.3 billion [More]
π MyAlgo warns users to withdraw assets from Wallet due to unknown hacks [More]
π Lotte Group (Korea) cooperates with Polygon (MATIC), expanding NFT business [More]
π GMD Protocol (protocol built on GMX) launches new Launchpad platform [More]
π Layer 2 Base extends 1 week for users to mint NFT projects
π BitDAO's Layer 2 Mantle (BIT) proposes to set up a fund of $ 200M to develop the ecosystem [More]
π Lifeform (Binance Labs) raised 5M$ in Series A round led by Geek Cartel fund [More]
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π₯π₯TrustKeys Network β Web3 Secure Chatβ¨β¨π Trustkeys Network is a secure chat network, integrated with Web3 technology, so you can access and discuss with friends, colleagues or customers without worrying about data being stolen.
π₯ Trustkeys chat network includes many independent arrays, open support and built specifically for different Web3 applications.
π These apps include the latest experiments such as: group chats, private chats and open support conversations.
π Come to TrustKeys Network you can enjoy free experiences, without having to worry about any criminal acts.
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TrustKeys Network β Secure Blockchain SuperApp & Enterprise Security Solutions
End-to-end encrypted messaging, multi-chain crypto wallet, decentralized exchange, and enterprise security solutions.
π₯π₯ Market News Wednesday - March 1 π₯π₯π Bitcoin's February candle continues to be "green" with an increase of only 0.07% [More]
π Goldman Sachs CEO: Inflation is expected to be more severe and difficult to control [More]
π Ethereum successfully tested the Shanghai upgrade on the Sepolia testnet [More]
π Google Cloud adds Casper Labs (CSPR) to its Web3 partnership portfolio [More]
π After Dubai, there is one more Emir from the UAE, Ras Al Khaimah, opening the door to welcome Crypto [More]
π Devcon - Ethereum's most important event chooses Southeast Asia as a destination in 2024 [More]
π Visa and Mastercard will limit exposure to Crypto companies after a series of scandals from the market [More]
π DEX Mangrove raised $7.4M in Series A round led by Cumberland & Greenfield Capital [More]
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π₯π₯ Unlocking knowledge about Wallet Connect π₯π₯β Wallet Connect is a protocol that allows for the connection of decentralized applications (dApps) and electronic wallets. It enables users to interact with blockchain systems from their wallets without having to provide login information or private keys to the application.
β Instead of requiring users to enter their wallet login information into the application, Wallet Connect uses a QR code to establish a connection between the wallet and the application.
β When a user wants to use a blockchain application, they simply scan the QR code provided by the application on their wallet to establish a connection. With this QR code, the wallet will create a secure encrypted connection, allowing for transactions and interaction with the blockchain system.
β After a successful connection, users can perform transactions on the blockchain application without having to transfer funds back and forth between different wallets, reducing security risks and transaction fees.
π Use Trust Wallet to connect with Wallet Connect!
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TrustKeys Network β Secure Blockchain SuperApp & Enterprise Security Solutions
End-to-end encrypted messaging, multi-chain crypto wallet, decentralized exchange, and enterprise security solutions.
π₯π₯ Market brief on Thursday - March 2nd π₯π₯π Global manufacturing PMI rose, with China's rising to 52.6 in February, the highest level since May 2012, putting pressure on inflation [More]
π Binance launched an AI-powered NFT creation tool called "Bicasso" [More]
π Solana (SOL) plans to improve its network for stability [More]
π Iron Fish, a secure blockchain, committed to airdrop 940,000 IRON and deploy its mainnet on March 14th [More]
π Jack Dorsey's decentralized social network, Bluesky, released an App Store [More]
π CFX rose after Conflux raised $10M from DWF Labs [More]
π The new LSD project, ether.fi, raised $5.3M led by North Island [More]
π Chiliz (CHZ) partnered with Jump Crypto to create a $50M fund for Chiliz 2.0 blockchain projects [More]
π Goldman Sachs is hiring more personnel for its digital asset development team [More]
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β οΈβ οΈWallet Connect - Is it Safe?β οΈβ οΈ
β³οΈ Using Wallet Connect is a secure way to connect your cryptocurrency wallet with blockchain applications, as long as basic security measures are taken.
β³οΈ These security measures include protecting login information, using a strong and not shared password and regularly updating your applications and software.
β³οΈ The Wallet Connect protocol uses end-to-end encryption to ensure security for transactions made. This ensures that data transmitted is protected from external threats and only the user has access to their wallet.
β³οΈ Trustkeys Wallet is a secure wallet to store cryptocurrencies. With a private key designed with 24 highly secure characters, managing your TrustKeys digital wallet becomes very easy. TrustKeys Wallet supports multi-chain (ERC, BSC, TRC...) and can be used with most current cryptocurrencies.
πExperience the Trustkeys Wallet at Trustkeys Wallet !!
β³οΈ Using Wallet Connect is a secure way to connect your cryptocurrency wallet with blockchain applications, as long as basic security measures are taken.
β³οΈ These security measures include protecting login information, using a strong and not shared password and regularly updating your applications and software.
β³οΈ The Wallet Connect protocol uses end-to-end encryption to ensure security for transactions made. This ensures that data transmitted is protected from external threats and only the user has access to their wallet.
β³οΈ Trustkeys Wallet is a secure wallet to store cryptocurrencies. With a private key designed with 24 highly secure characters, managing your TrustKeys digital wallet becomes very easy. TrustKeys Wallet supports multi-chain (ERC, BSC, TRC...) and can be used with most current cryptocurrencies.
πExperience the Trustkeys Wallet at Trustkeys Wallet !!
π₯π₯ Market Briefs Tuesday - 07/03 π₯π₯π Daily NFT trading volume reached a 3-month high for the second consecutive Monday, surpassing 125,000 transactions per day. [More]
π Despite strict regulations, Kraken plans to launch its own bank. [More]
π Amazon will launch an NFT platform on April 24. [More]
πBabel Finance will issue a stablecoin to compensate for $766 million in customer debt. [More]
π EOS is improving its ecosystem by launching the EVM mainnet in April. [More]
π Bybit has launched a Mastercard debit card that allows users to pay for goods and services with cryptocurrencies. [More]
π Privacy Pools, a fork of Tornado Cash, has launched on the L2 Optimism testnet. [More]
π Layer-2 Scroll has raised a $50 million funding round led by Polychain Capital. [More]
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π₯π₯ Market Briefs Friday - 10/03 π₯π₯π Crypto & Stock markets bleed ahead of the US jobs report, which will be released at 8:30 pm tonight [More]
π Huobi allocates $100M to improve liquidity for HT, bearing the brunt of the deep decline in HT's price volatility [More]
π The Biden administration proposes a 30% tax increase on electricity usage for Bitcoin and cryptocurrency mining [More]
π Blockchain.com suspends its asset management division after 11 months of operation [More]
π Controversial project CryptoGPT (GPT) combines AI and ZK technology, launching on several major exchanges at 6pm this evening [More]
π Coinbase Ventures participates in a $15M investment round for Mauve, the first DEX with authentication [More]
π Lombard Research: "There will be no end to the rate-hike cycle until the Fed triggers a real recession" [More]
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π₯ π₯ IN TUNE WITH ASIAN CUP20 π₯ π₯π Immerse in the festive atmosphere of the top football show in Asia, TrustKeys Network launches the "In tune with Asian Cup20" minigames to create a fun and vibrant playground.
π To participate in the minigames, you can predict the results of matches and answer questions related to each match on the TrustKeys app. For each correct answer, you will receive TRUSTK.
π Asian Cup20 minigames are not only an opportunity to show your passion for football, but also a chance to receive valuable prizes from TrustKeys Network.
π Join the group and predict now: Football Fan Hub group
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SocialFi Community Hub group on Trustkeys Network
Group SocialFi Community Hub on TrustKeys Network. Secure chat with end-to-end encryption in TrustKeys can help you connect safely.
π₯π₯ Market Briefing Monday - 13/03 π₯π₯π Bitcoin surged above $22,500, altcoins rebounded strongly as the Fed pumped money to ensure liquidity for the banking system amid collapse [More]
π Paxos is stuck with $250M, Coinbase is stuck with $240M at Signature Bank - The next bank to collapse after SVB and Silvergate [More]
π USDC rebounded to peg $1 after Circle's $3.3B at SVB will be fully refunded [More]
π Just a few minutes ago, 468.7M USDC was minted and added to the market, the USDC crisis temporarily subsided [More]
π As USDC lost its peg, we saw BTC hit $50,000 for the first time since December 2021 [More]
π There may be a Bank dedicated to the Crypto industry after the recent crisis [More]
π Cosmos (ATOM) is preparing to launch Interchain Security on March 15th [More]
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FINANCIAL EVENTS TO FOLLOW THIS WEEK π₯π₯
π 10:30 PM today (13/03): FED holds a closed-door meeting πΊπΈ
The meeting will review and determine the interest rate policy currently applied by the FED, and may clarify the plan to rescue the US banking system.
π 7:30 PM tomorrow (14/03): Consumer Price Index (CPI) πΊπΈ
Last month's CPI was disappointing, raising the question of whether US inflation will increase again. The answer will be revealed tomorrow evening.
Forecasts:
CPI M/M - Forecast = 0.4%, previous month = 0.5%
CPI Y/Y - Forecast = 6%, previous month = 6.4%
Core CPI M/M - Forecast = 0.4%, previous month = 0.4%
π 7:30 PM Wednesday (15/03):
Producer Price Index (PPI) πΊπΈ
Inflation is reflected from the perspective of PPI sellers, and it is forecasted to decrease to 0.3%, after a sharp increase to 0.7% last month.
Retail Sales πΊπΈ
Forecasted to decline sharply to -0.3% compared to a 3% increase last month.
All data reflects the weakness of the economy last month, following a hot growth in the first month of the year. Good news for Crypto.
In addition, the risks from the banking crisis have not been fully manifested. It is necessary to closely monitor news related to this "black spot," especially the response of the US Federal Reserve and Government.
π 10:30 PM today (13/03): FED holds a closed-door meeting πΊπΈ
The meeting will review and determine the interest rate policy currently applied by the FED, and may clarify the plan to rescue the US banking system.
π 7:30 PM tomorrow (14/03): Consumer Price Index (CPI) πΊπΈ
Last month's CPI was disappointing, raising the question of whether US inflation will increase again. The answer will be revealed tomorrow evening.
Forecasts:
CPI M/M - Forecast = 0.4%, previous month = 0.5%
CPI Y/Y - Forecast = 6%, previous month = 6.4%
Core CPI M/M - Forecast = 0.4%, previous month = 0.4%
π 7:30 PM Wednesday (15/03):
Producer Price Index (PPI) πΊπΈ
Inflation is reflected from the perspective of PPI sellers, and it is forecasted to decrease to 0.3%, after a sharp increase to 0.7% last month.
Retail Sales πΊπΈ
Forecasted to decline sharply to -0.3% compared to a 3% increase last month.
All data reflects the weakness of the economy last month, following a hot growth in the first month of the year. Good news for Crypto.
In addition, the risks from the banking crisis have not been fully manifested. It is necessary to closely monitor news related to this "black spot," especially the response of the US Federal Reserve and Government.
π₯π₯ Market Briefing for Tuesday, March 14th π₯π₯π At 7:30 PM (UTC+7) tonight, the US will release its Consumer Price Index (CPI), with expectations of a drop to 6% from 6.4% last month.
π The FDIC is planning a second auction for SVB after the first attempt fell through. [More]
π Fed Chairman Powell stated that a deep investigation is needed into the SVB incident. Vice Chairman Barr will lead the investigation, and the results will be released on May 1st. [More]
π HSBC has acquired SVB UK for Β£1, which is good news for customers who were concerned about losing their deposits. [More]
π Biden: "The US banking system is still safe, and all depositors will be protected." [More]
π Filecoin (FIL) will launch the Filecoin Virtual Machine tonight, officially becoming an L1 blockchain. [More]
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π₯π₯ Market Briefing Wednesday - 15/03 π₯π₯π At 7:30 pm tonight, the US will release the Producer Price Index (PPI) for February and Retail Sales data for the same month.
π The market cooled down after a night of volatility due to the February Consumer Price Index (CPI) inflation data, which was in line with expectations. [More]
π BNB Chain teases big news at 8 pm tonight. [More]
π The supply of USDC is continuously decreasing as whales sell off their holdings, despite the end of the crisis. [More]
π $2 billion USDT has been printed to support future chain issuance and swapping. [More]
π CZ denies rumors that Binance intends to acquire CoinDesk through CoinMarketCap. [More]
π FIL rose 20% overnight with the launch of the FVM virtual machine. [More]
Meta cuts an additional 10,000 jobs in the second round of layoffs, while Apple continues to freeze hiring. [More]
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π₯π₯ Market Briefing Thursday 16/03 π₯π₯π Credit Suisse will borrow up to $54 billion from the Swiss National Bank in an effort to address the trust crisis. [More]
π TUSD operator moves $1 billion in reserves to a Bahamas bank amid concerns about the US crisis. [More]
π Coinbase will delist 6 projects that do not meet its standards: RLY, YFII, MIR, OMG, LOOM, and REP. YFII, OMG & LOOM are still available on Binance. [More]
π Coinbase will unlock ETH staking about 24 hours after the Shanghai upgrade, while Lido is expected to allow withdrawals around mid-May. [More]
π Uniswap (UNI) is officially deployed on BNB Chain. [More]
π MetaMask wallet implements account segregation feature to enhance user security. [More]
π Goldman Sachs files patent for blockchain technology specifically for payments. [More]
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π₯π₯ Market Briefing Friday - 17/03 π₯π₯π ECB increases interest rates by 0.5%, prioritizing inflation reduction despite widespread crisis. FED's probability of increasing interest rates by 0.25% next week is overwhelming after [source].
π 11 US banks pledge $30 billion to rescue First Republic Bank, reducing liquidity pressure and the market recovers after [source].
π The Fed's total assets have increased by nearly $300 billion in a few days due to lending activities, liquidity pumping, and bank bailouts [source].
π Ethereum's Shanghai upgrade is scheduled to be deployed on April 12 [source].
π Binance announces the launch of its 30th launchpad, SpaceID (ID), with new tokens listing on Binance such as SYN, HOOK, and RPL [source].
π FDIC denies rumors that organizations wanting to purchase Signature Bank must divest from the crypto field [source].
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