Bear trap? The week is off to an interesting start, Bitcoin first drops 3.6% and then rises 5% in just a few hours 🔼

Scalpers are in for a rough ride today 😂

User paid $92k for a single transaction 🤦‍♀️

When transferring just $2,200 in ETH to the other wallet this user made a mistake and paid 34.62 ETH in gas fees (approximately $92,400 at current prices) ⛽️

How can you avoid such a sad fate? It's important to remember that there's no limit to how much you'll pay for a transaction on the blockchain network.

Set the wallet setting to default, keep an eye on how much the gas fee will be paid each time you transact, and be careful ❗️

✅ The market is standing still, but investors are puzzled by the recent outperformance of BTC by Ethereum, it seems that the ETH/BTC chart has found a bottom and is now starting to bounce 📈

Daily Digest:

🔸 President Trump will be interviewed by Elon Musk on X in a few hours, maybe the recent crypto price action is related to the anticipation of this event?

🔸 A former Bank of Japan official said the central bank would delay further rate hikes until next year

🔸 Marathon Digital Holdings has announced a $250 million offering of convertibles senior notes to buy more BTC 💰

🔸 User paid $92k in gas fees for a single Ethereum transaction

🔸 Coinbase crypto exchange urges SEC to stop its "irrational" DeFi exchange rule 🙏

🔸 The team behind Hamster Kombat disclosed that it has been receiving offers from some of the top VC firms but has “turned down every single one”

🔸 A whale who had 1 million ETH coins from an ICO event has deposited another 5,000 ETH, worth $13.2 million to OKX, and might be preparing to sell

🔹 Prices:

🥇 Bitcoin - $59,040 (↑0.1%)
✨ Ethereum - $2,682 (↑4.3%)
🧪 S&P 500 - 5,344 (0.00%)
🕗 DXY - 103.12 (↓0.01%)
🌉 Gold - 2,472 (1.69%)

Why is it so easy to trade with fake money? 😄

Trump & Musk interview is delayed 👊

So far Trump is playing music while Elon Musk is trying to fix what he has called a “massive DDOS attack on X” 🤳

The interview between Musk and Trump was pretty normal, many expected much more and it seems that the market did not react in any way to what was said 😒

Elon Musk tells Donald Trump that he wants to lead a commission on government spending efficiency. He blamed inflation on government overspending and urged deregulation to reduce costs 🕑

Liquidators of Three Arrows Capital are seeking $1.3 billion from TerraForm Labs Pte., the digital assets company co-founded by Do Kwon 💳

Pump. fun, a Solana-based memecoin creation platform, has reached a new all-time high in monthly agreement income of $28.73 million 🔳

🔹 Last 24 hours top 3 gainers:

SATS (Ordinals) - $0...06314 (↑12.32%)
EOS - $0.5 (↑1.73%)
Kaspa - $0.163 (↑1.20%)

#GM

Bitcoin is back at it again, its price touched $61,000 🔼

Will we be able to consolidate above $60k this time and continue to pump? 🤔

El Salvador has received a massive infrastructure investment of $1.62 billion to support the construction of its visionary "Bitcoin City" 🇸🇻

Bitcoin City is a project first pitched in of a tax-free city that would fund itself through Bitcoin mining powered by its regional volcanoes🌋

Hackers use deepfake technology to create videos with fake celebrities designed to trick victims into handing over funds to crypto scams ⚠️

If you are from the UK and use social media, you've likely seen at least one such ad on Facebook.

Cybercriminals reportedly used deepfakes of Keir Starmer and Prince William in over 250 Meta adverts. Be careful, nowadays you can't even trust your own eyes 👀

✅ Bitcoin has climbed back above $60,000, even trading above $61k, the only thing left is to hold this level to confirm further upside 😮

Daily Digest:

🔸 SEC charges NovaTech and its principals and promoters with $650 million crypto MLM scheme fraud

🔸 Elon Musk tells Donald Trump that he wants to lead a commission on government spending efficiency 🕑

🔸 Liquidators of Three Arrows Capital are seeking $1.3 billion from TerraForm Labs

🔸 Pump. fun, a memecoin creation platform, has reached a new all-time high in monthly agreement income of $28.73 million

🔸 DRW Venture Capital discloses $150 million Ethereum ETF holdings 🤑

🔸 El Salvador gets $1.62 billion closer to construction of its visionary "Bitcoin City"

🔹 Prices:

🥇 Bitcoin - $60,613 (↑2.3%)
✨ Ethereum - $2,713 (↑0.3%)
🧪 S&P 500 - 5,434 (↑1.68%)
🕗 DXY - 102.60 (↓0.52%)
🌉 Gold - 2,465 (↓0.01%)

Every morning 😂

Annual headline inflation was 2.9% in July, better than expected (3%). Core CPI inflation didn't change and was 3.2%. The market is green as investors now predict that the Fed will cut rates by 0.25% on September 18 with a 58.5% probability and even expect the Fed to go for a 0.5% cut with a 41.5% probability 📊

Crypto.com has become the first cryptocurrency platform to secure an exclusive multi-year partnership with the UEFA Champions League ⚽️

The Canadian crypto trading platform ezBtc and its founder defrauded customers by misappropriating $9.5 million of their crypto investments and using the funds for gambling 🎰

Multinational financial services company Goldman Sachs holds U.S. spot bitcoin exchange-traded fund shares worth around $418.65 million as of June 30, according to its quarterly 13F filing 💰

🔹 Last 24 hours top 3 gainers:

Toncoin - $7.06 (↑10.89%)
Fantom - $0.375 (↑9.09%)
THORChain - $3.64 (↑9.84%)

#GM

OKX exchange will list $DOGS 😎

OKX crypto exchange announced that on August 20 it will enable spot trading for DOGS, a token of a popular Telegram mini-game 🔵

However, you will be able to deposit your DOGS tokens on OKX starting at 9:00 am UTC on August 14, 2024.

OKX also enabled pre-market futures trading for DOGS, the current price is around $0.0089 🕯

Let's say you have 50,000 DOGS tokens, with pre-market you can open a short at current prices and secure a $445 profit after selling DOGS on the spot when the token is listed.

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

You have more chances winning in a roulette by betting on a single number than making money by buying a random Solana meme coin created on Pump. fun 🎰

Sounds disappointing, but it's just a math fact. For example, only 175 of the 16,357 tokens launched on Pump. fun on August 11 graduated to Raydium DEX and only 19 remained above the $69,000 market cap threshold.

Buying a random meme coin now hoping for x1000 profit is as stupid as betting your money on 19 black in a roulette game, even stupider 🤦

Let's take a look at the current market situation and try to analyze where BTC price will go soon 🔎

• As you can see, the price is falling and is now at the $59,000 level.

• At the same time, the Aggregated Open Interest is growing, which means that traders are actively taking positions during this decline.

• It remains to understand what positions are being taken, and here the Aggregated Funding Rate will help us, which as you can see is turning negative, indicating that most of the new positions are shorts.

🤔 Only one question remains, will the market punish the late shorts with a pump or will it let them make money and continue to fall?

Where will the market go from here in the next few days? Let's vote 🗳

Up — 👍

Down — 👎

✅ The market's rise after news of good inflation numbers quickly reversed after the U.S. government started moving bitcoins from its wallets again, 10K BTC worth $591 million were sent to Coinbase 🥇

Daily Digest:

🔸 OKX exchange will list $DOGS on August 20 😎

🔸 Crypto.com secured an exclusive multi-year partnership with the UEFA Champions League

🔸 The Canadian crypto trading platform ezBtc and its founder defrauded customers by using their funds for gambling

🔸 Multinational financial services company Goldman Sachs has disclosed it holds $418.65 million worth of spot BTC ETFs

🔸 FBI didn't want to either confirm or deny the existence of Satoshi Nakamoto's records

🔸 MetaMask wallet is rolling out its blockchain-based debit card developed with payments giant Mastercard 🦊

🔸 U.S. CPI numbers came out slightly better than expected at 2.9% versus 3% expected and 3% in June.

🔹 Prices:

🥇 Bitcoin - $58,958 (↓3.5%)
✨ Ethereum - $2,666 (↓2.4%)
🧪 S&P 500 - 5,455(↑0.38%)
🕗 DXY - 102.59 (↑0.03%)
🌉 Gold - 2,448 (↓0.69%)

Stays true 99% of the time 😂

Bitcoin is still leading to a broader market drop, but as you can see above, a key Bitcoin bull signal flashed for the first time in nearly a year, signaling a potential price breakout 🔍

Ethereum co-founder Vitalik Buterin revealed that he donated $532,398 worth of the animal-themed Memecoins he received last year to an animal welfare charity 🕔

Circle CEO Jeremy Allaire predicted that tap-to-pay payments on the iPhone using Circle's USDC stablecoin are "coming soon" 🤑

Crypto exchange Binance registered as a reporting entity with India's Financial Intelligence Unit after settling a $2.25 million fine with the agency earlier this year 🇮🇳

🔹 Last 24 hours top 3 gainers:

Flare - $0.016 (↑8.21%)
Aave - $107.86 (↑7.24%)
Fantom - $0.394 (↑6.90%)

#GM

Five altcoins with a potential for 100x 💎

In today's video, we look at five little-known decentralized physical infrastructure and artificial intelligence altcoins with 100x or even 400x price appreciation potential 👇

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

https://www.youtube.com/watch?v=kKtwkSK0zWs

✅ Despite the booming stock market, crypto continues to fall, Bitcoin at one point fell to the $56k level but rebounded and is now trading around $57,500 😳

Daily Digest:

🔸 Vitalik Buterin revealed that he donated $532k worth of the animal-themed meme coins he received last year to an animal welfare charity

🔸 Circle CEO Jeremy Allaire predicted that tap-to-pay payments on the iPhone using Circle's USDC stablecoin are "coming soon" 🤑

🔸 Crypto exchange Binance registered as a reporting entity with India's FIU after settling a $2.25 million fine with the agency earlier this year

🔸 701 new funds were reporting spot-Bitcoin ETF holdings in Q2

🔸 Iran is reportedly handing out upward of $20 (yes, just 20 USD) to anyone who alerts authorities to illegal crypto mining operations 🤣

🔸 Crypto influencers boosting their social media clout with fake followers, views and likes will face fines from the United States Consumer Protection Agency

🔹 Prices:

🥇 Bitcoin - $57,454 (↓2.6%)
✨ Ethereum - $2,576 (↓3.5%)
🧪 S&P 500 - 5,543 (↑1.61%)
🕗 DXY - 103.01 (↑0.03%)
🌉 Gold - 2,458 (↑0.08%)