Ethereum market outlook ✨

• It is very important for bulls to keep the price above $3,350 (4h 200 Moving Average trendline).

• If bears manage to push the price down, the previous resistance levels will be a great price to accumulate coins as a long term investment ($2.7k-2.9k) 🛒

• Bulls need to push the price up 10% and consolidate there so we can try again to break above $4,000 where resistance remains strong.

• We can expect high volatility in the near term as the impact of ETF flows on the price remains unclear. So be careful when trading with high leverage ❗️

#trading_tips

Founder of Telegram talks about Catizen game 🐱

Pavel Durov, the founder and owner of Telegram, mentioned the popular Telegram play-to-earn game on his channel.

The developers of Catizen have confirmed plans to airdrop CATI tokens to players sometime in 2024.

💸 Currently you can earn Catizen coins by upgrading cats in your cat shop and completing daily tasks. In the future Catizen aims to become gaming platform.

It's not too late to start playing and farming tokens: PLAY 👈

US Presidential Election = Bullish 🔼

U.S. presidential elections have historically been bullish for Bitcoin (the blue lines in the chart above show periods when U.S. elections took place). Investors seek alternative assets like Bitcoin to hedge against political and economic uncertainties 🤑

In addition, discussions about fiscal policy and potential stimulus packages during election periods can increase demand for Bitcoin as a store of value.

What also matters is who will be the next president. Experts are predicting a huge bull market if Trump wins the election. Some expect Trump to announce plans to make Bitcoin a strategic reserve asset 👀

✅ The US stock market is heading for a correction and taking crypt with it, Ethereum is significantly underperforming BTC, and one of the main reasons is the massive sell-off of Grayscale's spot ETH ETF 🔽

Daily Digest:

🔸 Founder and owner of Telegram, mentioned the popular Telegram play-to-earn game Catizen 🐱

🔸 JD, one of China's largest e-commerce groups, will issue a HK dollar stablecoin on the public blockchain

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

🔸 Tesla released its quarterly report: The company still holds $640 million worth of BTC, hasn't sold any

🔸 Luxury automaker Ferrari has announced that it will accept cryptocurrency payments in Europe 💳

🔸 Coinbase Asset Management is creating a tokenized money-market fund

🔹 Prices:

🥇 Bitcoin - $66,051 (↑0.2%)
✨ Ethereum - $3,371 (↓3.5%)
🧪 S&P 500 - 5,427 (↓2.31%)
🕗 DXY - 104.38 (↓0.07%)
🌉 Gold - 2,399 (↓0.43%)

Today's market correction has wiped out more than $1.1 trillion from the U.S. stock market 📉

US stock indices on Wednesday recorded their worst day in more than 18 months, Tesla stock lost 12% as Nvidia, Microsoft, and Apple led tech sector sell-off 🌡

Of course, the crypto market is also down:

🥇 Bitcoin - $64,223 (↓3.2%)

✨ Ethereum - $3,177 (↓8.2%)

A lone Bitcoin miner hit the jackpot today, processing block № 853,742, for which he was rewarded 3.19 BTC ⛏

Insider trading allegations hit Mystiko Network after its (XZK) token airdrop when the community noticed that two addresses received significantly more tokens than most other participants 🔍

MonoSwap DEX on Blast network announced that it suffered a malicious hack and warned users not to stake or add additional funds ⚰️

Elon Musk has denied donating $45 million a month to a pro-Donald Trump political action committee, saying instead that he donates "at a much lower level" than was initially reported 🕑

#GM

Token that will do 5x this year 🧪

We have repeatedly predicted this coin's growth in previous videos dedicated to the Kaspa project. Today we will once again talk about it and tell you about 👇

• Blockchain and BlockDAG, what are the differences?

• Pros and cons of Kaspa L1 blockchain.

• $KAS price predictions.

• Can Kaspa coin reach the $1 price target?

Don't miss the chance to learn more about this project. Hurry up and check out the video 🍄

https://youtu.be/dqMPSNVE_ik

The lion's share of Americans' tax dollars goes to debt service 🇺🇸

🤪 "Where does the government get the money from?"

🧠 "It borrows it."

🤪 "But who wants to lend money to the government?"

🧠 "Those who want to earn an interest rate. They buy bonds. U.S. bonds are considered the safest investment out there."

The U.S. national debt equals almost $35 trillion and the interest on this debt was equal to 76% of all personal income taxes collected in June 📊

The single biggest expense for the US government is currently debt service, which means paying the interest rate to those who buy US bonds.

Treasury expects this expense will break the $1.14 trillion level this fiscal year, which would be seen as an outrageous number just a few decades ago 😨

#economy_tips

Since the spot Ethereum ETF began trading, the ETH coin has fallen in value by 12.75% 📉

The "buy the rumors, sell the news" strategy remains undefeated.

Right now, Ethereum is trading at $3,110. Let's try to make a price prediction 🔮

On September 1, will the price of Ethereum be higher or lower than its current price?

Higher — 👍

Lower — 👎

✅ Grayscale ETHE ETF continues to feed the market with outflows with 345.6 million in ETH leaving the fund. Ethereum is testing a $3,100 support level while Bitcoin manages to print a green daily candle, and BTC dominance rises to 56.55% 📈

Daily Digest:

🔸 OpenAI has announced its intention to enter the search engine market with the announcement of SearchGPT

🔸 A Bitcoin lobbying group wants the UK to refrain from selling more than 61,000 government-controlled bitcoins

🔸 A Bitcoin miner solo mined a blockchain block, for which he was rewarded 3.19 BTC 😮

🔸  Insider trading allegations hit Mystiko Network after its (XZK) token airdrop

🔸 MonoSwap DEX on Blast network announced that it suffered a hack

🔸 Elon Musk has denied donating $45 million a month to a pro-Donald Trump political action committee 🙅‍♂️

🔸 Mt. Gox transferred 5,106 BTC worth $335 million to Bitstamp and an unknown address

🔹 Prices:

🥇 Bitcoin - $65,863 (↑0.3%)
✨ Ethereum - $3,170 (↓4.8%)
🧪 S&P 500 - 5,399 (↓0.51%)
🕗 DXY - 104.40 (↑0.01%)
🌉 Gold - 2,364 (↓0.01%)

How crypto works for most traders 😅

The market has bounced back and Bitcoin appears to have consolidated above $67,000. While still underperforming the market due to recent ETF flows, Ethereum has also rallied 6% from the local bottom 🔼

So far, the price of ETH has behaved similarly to Bitcoin after the listings of spot BTC ETFs - first, there has been a correction, then rapid growth 👀

Robert F. Kennedy Jr. said he’d push the federal government to buy Bitcoin until the size of its BTC holdings matched the nation’s gold reserves if elected as president 😨

The world’s largest Bitcoin miner Marathon Digital Holdings announced it has acquired $100 million worth of Bitcoin over the past month 🛒

Japanese exchange BitFlyer announced that it had completed the acquisition of 100% of FTX Japan's shares, making FTX Japan its wholly-owned subsidiary 🇯🇵

🔹 Last 24 hours top 3 gainers:

Popcat - $0.885 (↑16.00%)
Bittensor - $362.53 (↑14.59%)
Render - $6.81 (↑12.85%)

#GM

Solana (SOL) has overtaken Binance Coin (BNB) in market cap, now ranking fourth 🔼

Which of these two tokens are you more bullish on?

🤑 SOL

or

🤑 BNB

Tell us in the comments below 👇

Bitcoin to $2,900,000? 📈

Investment management firm VanEck released a bold Bitcoin price prediction. By 2050, they predict that Bitcoin could reach a staggering value of $2.9 million per coin.

🔎 VanEck attributes this potential surge to Bitcoin's growing acceptance as a global medium of exchange and reserve asset.

They highlight its increasing adoption by institutions, technological advancements, and limited supply as key drivers behind this super-bullish forecast 💸

Let's take a look at what predictions of the Ethereum price behavior due to the recent listing of spot ETH ETFs have been made by various institutions 👇

📈 The most bullish prediction was made by Geoffrey Kendrick (Standard Chartered Analyst):

"ETH ETF will bring in $15 billion to $45 billion in inflows in the first 12 months, with ETH rising to $8,000 by the end of 2024."

📉 And the most bearish prediction was made by Daniel Yan (Founder of Kryptanium Capital):

"ETH/BTC will likely decline rather than rise in the coming weeks, ETH/BTC will drop below 0.05 and stabilize between 0.0475 and 0.05."

🏀 Coin Post's audience, on the other hand, is bullish. 73% of those who voted believe that we will see Ethereum's price rise in the fall.

✅ The crypto market rebounded after an unexpected correction caused by a drop in the stock market and the end of the wait for the spot ETH ETF listing, Bitcoin trades solidly above $67k trying to climb above $68k 🔼

Daily Digest:

🔸 JPMorgan Chase is rolling out a ChatGPT-like generative AI product that can do the work of a research analyst.

🔸 Robert F. Kennedy Jr. said he’d push the federal government to buy Bitcoin 👀

🔸 Marathon Digital Holdings announced it has acquired $100 million worth of Bitcoin

🔸 Japanese exchange BitFlyer announced that it had completed the acquisition of 100% of FTX Japan's shares

🔸 The SkyBridge Capital founder Anthony Scaramucci shared his belief that Bitcoin will overtake the total market capitalization of gold

🔸 Activist Andrew Left of Citron Research, who regularly accused firms of securities fraud, has been charged with engaging in securities fraud 🤣

🔸 A special Bitcoin emoji tied to a hashtag has been removed from the X platform

🔹 Prices:

🥇 Bitcoin - $67,852 (↑4.8%)
✨ Ethereum - $3,265 (↑4.8%)
🧪 S&P 500 - 5,459 (↑1.11%)
🕗 DXY - 104.31 (↓0.04%)
🌉 Gold - 2,386 (↑0.93%)

What color pill would you choose? 🤔

Bitcoin's market capitalization could grow 280 times by 2045 🚀

American entrepreneur and CEO of Microstrategy, Michael Saylor, speaking at a conference in Nashville, said that he expects bitcoin to reach a market capitalization of $280 trillion within the next 21 years.

Now this is what it means to be bullish... Do you think that's a realistic prediction? 😐

Donald Trump speaks at a Bitcoin conference in Nashville. During his speech, the price of BTC dropped by 2% as the market had already priced in several bullish statements from him 👂

Here are the main key takeaways 👇

• "The United States will be the planet's crypto capital and the world's Bitcoin superpower."

• "Bitcoin will one day probably surpass the market cap of Gold" (currently $16+ trillion).

• "On day one I will fire Gary Gensler and appoint a new SEC chairman."

• "I will stop the US government from selling confiscated Bitcoin."

• Trump also said he would create a strategic national Bitcoin stockpile if elected.

• Bitcoin and crypto will skyrocket like never before if elected president.

There is another drama going on in the world of Solana meme coins. This time there is a new dog-themed meme coin named NEIRO, which has attracted a lot of attention and huge trading volume 🔼

However, not without insider trading, for example, a wallet owned by Neiro dev bought the tokens for only 3 SOL and later sold them for $2.85 million in SOL and still has the equivalent of $1.8 million in Neiro in his wallet. That's a 8,611x from the initial $540 investment 🕵️‍♂️