It seems like it won't be long before the market starts launching those “rockets” 🚀

Trading is as much about your mindset as it is about your skills. You need to stay calm and think clearly. Success isn't about being right all the time, it's about sticking to your plan and not letting emotions like fear and greed control you ❗️

Your greatest strength as a trader is managing your emotions. Set clear goals, accept that losses will happen, and don't expect the market to always work in your favor 💸

#trading_tips

Receive an airdrop of free DOGS tokens 🤑

DOGS is a memecoin project integrated into Telegram as a mini-app that allows users to receive free DOGS coins based on how cool their Telegram account is 🛩

The DOGS token is already trading pre-market on the Bitget exchange. Three factors affect how many tokens you will get when you sign up 👇

• Age of your Telegram account.

• Activity level of your Telegram account.

• Telegram Premium subscription.

Click on this LINK to go to the app and see how many free DOGS tokens you got 🤑

Are NFTs dead or alive? 🖼

Trends are changing. NFT search interest dropped 82% by early 2024, and their value has fallen 90% since the 2021 peak.

Despite significant declines, the NFT market cap and trading volume increased early in 2024 before stabilizing. Sales fell from $4.14 billion in Q1 to $2.32 billion in Q2 📉

One of the most important new utilities of NFTs is the strong and well-known community behind the collections, and the desire of projects to get cheap PR by giving airdrops to the members of these communities.

The focus of market participants is shifting from quick gains to sustainable value and potential "yield" that NFTs can bring as an asset. Calling the NFT market dead is premature and untrue ☺️☝

Three NFT collections with a lot of potential airdrops coming to its holders:

• A relatively cheap one: Wassieverse

• Mid-tier price: SchizoPosters

• Expansive: Mad Lads

Joe Biden announced he had dropped out of the 2024 presidential race 🇺🇸

He now supports Kamala Harris for the Democratic presidential nomination 🤨

Immediately after the news broke, the meme coin named after Biden, $BODEN, dropped 56% 🔽

Elon Musk changed his pfp to laser eyes 👀

Laser eyes is basically a bullish meme that Bitcoiners use when they try to push the value of Bitcoin past its highest price 🐂

✅ The week was quite successful for the bulls. Even though the stock market is gradually declining bitcoin is not just falling, but growing, which only confirms the strength of the bullish trend 🐂

Weekly news digest:

💎 Crypto

🔸 Donald Trump hinted at launching another NFT collection

🔸 WLD team and investor token lockup got extended by one year
 
🔸 The Li. Fi protocol got exploited resulting in the loss of over $8 million

🔸 Notcoin announced an airdrop of $7 million in NOT tokens to thousands of stakers & level holders  

🔸 China is rumored to reconsider its Bitcoin ban by Q4 2024

🔸 Mt. Gox has moved over 140,000 bitcoins in preparation to distribute it via partner exchanges
 
🏦 Crypto exchanges

🔸 Indian crypto exchange WazirX was hacked for almost $235 million

🔸 FTX will pay out 98% of its creditors at least 118% of allowed claims

🔸 Bitfinex Derivatives announces collaboration with crypto derivatives exchange Thalex

🔸 Token of the Tap-to-Earn game Pixelverse $PIXFI was listed on popular on CEXs

💵 Finances and Economy

🔸 Federal Reserve Chairman said that the Fed will not wait for inflation to fall to 2% before starting to cut interest rates 

🔸 The ECB held interest rates steady but kept the door open to further reductions this year 

🔸 A recent Crowdstrike update has caused a massive Windows outage, leaving users around the world stuck in recovery mode ⌨️ 

🔸 Cash App, launched by Block, will be ceasing operations in the United Kingdom 

⚖️ Law and Order

🔸 ZA Bank, the largest virtual bank in Hong Kong, announced that it will provide reserve bank services to stablecoin issuers

🔸 OKX crypto exchange has announced that Malta will serve as its MiCA hub  

🔸 Galaxy reported a former general partner, Richard Kim, to the authorities for misappropriating at least $3.67 million of company funds

 🗣 Personalities

🔸 CEO of BlackRock calls Bitcoin a choice investment for those with pessimistic outlooks on the world

🔸 Joe Biden announced he had dropped out of the 2024 presidential race 🇺🇸

🔸 Donald Trump names pro-crypto Ohio Senator J.D. Vance as his Vice President

🔸 Popular trader Peter Brandt predicted that ETH could rise to $5,600 later this year
 
🚀 Best performers of the week:

Popcat - $0.968 (↑67.6%)
dogwifhat - $2.68 (↑61.1%)
FLOKI - $0.000206 (↑43%)

Purchases of digital asset investment products have continued to grow recently, with inflows of $1.35 billion last week. Judging by the institutional market sentiment we may continue to see inflows of $100mil per day into spot BTC ETFs, which will help bulls hold current levels and continue to rise above $70k 🔼

The BNB Foundation has announced the completion of the 28th quarterly BNB token burn by BNB Chain. Total BNB burned is 1,64 million BNB, worth $981 million 🤑

Seven US states have joined forces to oppose the SEC's regulation of crypto. They filed a brief arguing that the SEC's actions would harm the crypto industry, hinder innovation, and exceed its authority 👋👋

After months of intentional inactivity by the team crypto project ETHTrustFund rugged its users for $2 million worth of crypto on Base network 💰

🔹 Last 24 hours top 3 gainers:

Celestia - $7.28 (↑11.21%)
Avalanche - $32.34 (↑10.73%)
Helium - $5.06 (↑10.22%)

#GM

Top 7 token unlocks for this week 🔐

The total value of tokens unlocked this week will exceed $253.58 million. Keep an eye on Worldcoin, WLD will have huge unlocks starting very soon 👇

• AltLayer — (ALT) $106.63M
• Ronin — (RON) $82.97M
• Axelar — (AXL) $19.45M
• GateToken — (GT) $15.77M
• Maverick Protocol — (MAV) $11.91M
• SPACE ID — (ID) $8.85M
• Worldcoin — (WLD) $8.00M

#unlocks

Pepe Unchained is the future of meme coins 🚬

Pepe Unchained (PEPU) is revolutionizing the world of meme coins with its own L2 blockchain, designed for speed, security, low fees, and, of course, memes.

💰 This meme coin project has already attracted $4.8 million in investment during the token pre-sale, and the price of the coin increases with each round. This means: The earlier you invest, the cheaper you buy coins.

You can purchase PEPU tokens directly on its website using a crypto wallet or even a credit card. Having passed security audits conducted by SolidProof and Coinsult, PEPU ensures a safe and secure investment.

The Pepe Unchained L2 blockchain will launch post-presale, with PEPU powering the entire Pepe Unchained ecosystem. Keep in mind that by staking PEPU tokens right now, you can earn up to 393% APR in rewards 💸

JPMorgan warns that BTC price is unsustainable 😨

JPMorgan, one of the largest financial institutions in the world, believes any near-term rebound in the crypto market will be temporary.

🔍 They argue that Bitcoin, trading around $67k, is overpriced compared to its production cost of $43,000 and its volatility-adjusted value relative to gold, which is $53,000.

The report also notes that Bitcoin and gold could benefit from a potential Trump election win, which is seen as more favorable to crypto regulations 🇺🇸

Are we in for a correction? Or will Trump save the market?

✅ The bitcoin price fluctuated to the $66,000 mark before returning to the upper end of its intraday range at $68,000, thanks to a bullish rally in the U.S. stock market 🕯

Daily Digest:

🔸 According to the latest on-chain transactions Mt. Gox is preparing to repay creditors through the Bitstamp CEX

🔸 Purchases of digital asset investment products have continued to grow with inflows of $1.35 billion last week 🔼

🔸 The BNB Foundation has announced that a total of 1,64 million BNB, worth $981 million were burned

🔸 Seven US states have joined forces to oppose the SEC's regulation of crypto

🔸 ETHTrustFund rugged its users for $2 million worth of crypto on Base ⚰️

🔸 Initial demand for the spot ether ETFs could be less than anticipated, Wintermute and Kaiko predict

🔸 The Digital Chamber is urging presumptive Democratic nominee Kamala Harris to embrace the U.S. crypto industry as part of her campaign

🔹 Prices:

🥇 Bitcoin - $68,050 (↑0.1%)
✨ Ethereum - $3,486 (↑0.8%)
🧪 S&P 500 - 5,564 (↑1.08%)
🕗 DXY - 104.33 (↓0.6%)
🌉 Gold - 2,397 (↓0.13%)

Join our chat 🗯

Always remember the importance of crypto security! Transfer your Bitcoin off centralized exchanges to ensure it's truly yours 🤑

The saying “Not your keys, not your coins” highlights a crucial point: if you don't control your private keys, you don't control your crypto.

🔑 Private keys are like passwords that unlock your crypto wallet. When you leave your Bitcoin on an exchange, the exchange holds these keys. This way, your funds can be frozen, confiscated, stolen...

To fully own your assets and protect them from potential hacks or failures, move your Bitcoin to a personal wallet where you control the keys and by doing that you become the true owner of your crypto 💰

The market is trying to price in today's start of spot Ethereum ETFs trading as the SEC gives the final regulatory nod so that ETFs can start trading on the New York Stock Exchange 🕯

Grayscale's transaction of $1 billion to Coinbase Prime on Wednesday prompted market participants to suggest Grayscale might be preparing for a sell-off 🔍

Bitcoin is underperforming Ethereum this morning as the defunct crypto exchange Mt. Gox shuffled over $2.5 billion between wallets, some of which was sent to the crypto exchange Bitstamp. Remember, Mt. Gox got ZERO Ethereum coins to sell 😏

Bitcoin financial services company Swan revealed that it will likely shut down its managed mining operations, abandoning plans for an IPO and implementing a wave of layoffs 👋

🔹 Last 24 hours top 3 gainers:

Ethereum Name Service - $30.06 (↑13.83%)
Starknet - $0.639 (↑8.45%)
Ethereum Classic - $24.68 (↑4.93%)

#GM

Spot Ethereum ETF Trading Officially Live 🥳

Eight issuers are set to launch their ETFs today. Now all eyes are on how the investment product will perform.

🙄 The price of Ethereum is currently correcting, which is common for a situation where a long-awaited event finally happens and market participants try to figure out if it was priced in.

Bloomberg's senior ETF analyst expects $5-6 billion in net flows in the first year for Ethereum ETFs 💰

New spot Ethereum ETFs hit over $300 million in trading volume in just one hour of trading 🕯

This is significantly more than expected; there is clearly demand in the market for these ETFs, which is good news for bulls ❗️

🔎 The image above shows that new ETH/USDT futures long positions of over $500 million have appeared in the market in the last two hours.

Whales seem to know something 🐋

Kraken exchange began distributing Mt. Gox bitcoins and BCH to creditors. Bitcoin falls to $66k on this news 🌡

Payout begins after Kraken received 48,641 BTC worth over $3 billion from Mt. Gox Rehabilitation Trustee 🔍

✅ New spot Ethereum ETFs hit over $1 billion in trading volume on the first day of trading. Ethereum shows good price action compared to Bitcoin, which saw a correction today 🔽

Daily Digest:

🔸 Nine Spot Ethereum ETF issuers launched their ETFs today

🔸 Senate Democrats and one independent lawmaker have sent a letter to OpenAI CEO Sam Altman requesting government access

🔸 Kraken exchange began distributing Mt. Gox bitcoins to creditors 👀

🔸 Bloomberg's senior ETF analyst expects $5-6 billion in net flows in the first year for Ethereum ETFs

🔸 Bitcoin financial services company Swan revealed that it will likely shut down its managed mining operations

🔸 dYdX exchange website has been compromised, be careful ⚠️

🔸 Fortnite may utilize blockchain in the future, Epic Games CEO Tim Sweeney said

🔹 Prices:

🥇 Bitcoin - $65,949 (↓2.6%)
✨ Ethereum - $3,473 (↑0.8%)
🧪 S&P 500 - 5,555 (↓0.16%)
🕗 DXY - 104.47 (↑0.15%)
🌉 Gold - 2,408 (↓0.03%)

With today's cost of living, Gen Z has to gamble to get what their ancestors could buy on an average income 🎰

The situation with the new spot ETH ETFs looks like this 👇

• Trading volumes on the first day exceeded expectations.

• Investors massively withdrew funds from Grayscale's ETH ETF, the outflow amounted to $484.1 million.

• Inflows into other ETFs were significant, with BlackRock (ETHA) ETF leading the way with a net flow of $265 million.

• Whales have accumulated over $380 million worth of ETH.

News:

JD, one of China's largest e-commerce groups, will issue a HK dollar stablecoin on the public blockchain. JD ranked first in the sandbox list of three stablecoin issuers announced earlier by Hong Kong 🇭🇰

dYdX Trading Inc. is in talks to sell some of its derivatives trading software for an undisclosed amount to a consortium that includes some of the largest market makers in the crypto space 💰

U.S. Senate considers vote to ban members of Congress from trading stocks before November election 🚫

🔹 Last 24 hours top 3 gainers:

Ethena - $0.502 (↑13.35%)
Popcat - $0.881 (↑6.94%)
Bittensor - $343.03 (↑5.83%)

#GM