Traders Warned Against Shorting Every Market Pump
Crypto analyst Whale Analysis cautions against shorting cryptocurrencies with unexplained pumps, citing CYBER, PERP, TRB, and HIFI as examples. Key Points In a recent post on the X app, Whale Analysis, a prominent figure known for helping people navigate the bear market, warned cryptocurrency traders against shorting every pump they encounter. According to Whale Analysis, there is a new trend …
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Massive Transfer of $SAND Tokens Raises Concerns over Market Dynamics
The Sandbox faces market pressure as a significant token transfer and unlocking event raise concerns about $SAND cryptocurrency’s dynamics. Key Points On August 4, 2023, Lookonchain, a Twitter account known for tracking on-chain cryptocurrency data, made an alarming announcement regarding a substantial transfer involving The Sandbox’s ($SAND) tokens. The tweet stated, “We noticed that 127M $SAND ($51.32M) was transferred from …
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Analyst Predicts Crypto Market Rally in Next 2-3 Weeks
Crypto Banter analyst Sheldon predicts a potential cryptocurrency market rally in 2-3 weeks if Bitcoin (BTC) maintains support above $29.5K. Important Points An analyst from Crypto Banter named Sheldon has predicted that the cryptocurrency market could rally in the next 2-3 weeks. However, his bullish thesis for the market depends on Bitcoin (BTC) maintaining a position above the crucial $29.5K …
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Indonesia’s Crypto Market Makes History? XRP Getting Official Tradable Status
Indonesia’s crypto market now officially recognizes Ripple’s native token, XRP, as one of the 501 digital assets that have been granted tradable status by the government. Key Points Indonesia has taken another significant stride towards crypto adoption. Recently, the government of Indonesia added a comprehensive list of 501 tradable digital assets, and among them is Ripple’s native token, XRP. This …
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SEC Chairman Gary Gensler Accused of Market Manipulation
The U.S. Securities and Exchange Commission (SEC) Chairperson, Gary Gensler, is facing accusations of market manipulation in relation to Bitcoin (BTC) and other crypto-focused stocks. Reports suggest that Coinbase, one of the largest cryptocurrency exchanges, may have evidence to support the allegations against Gensler. According to sources, the exchange has presented evidence of Gensler shorting BTC to the tune of …
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Binance Shocks Market with Removal of Australian Dollar Trading Pairs
The largest crypto exchange in the world, Binance, has declared that it plans to eliminate various trading pairs associated with the Australian dollar (AUD) from its platform on May 26, 2023. The move comes amid a range of issues, including PayID withdrawals and license cancellations. However, Binance has not provided any specific reasons for the removal of these trading pairs. …
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US Senator Ted Cruz Endorses Bitcoin, Fueling a Surge of Interest in the Cryptocurrency Market
The recent endorsement of Bitcoin by US Senator Ted Cruz has sparked renewed interest in the cryptocurrency market. Senator Cruz, a prominent conservative figure, took to Twitter to express his support for Bitcoin, citing its ability to serve as a hedge against inflation and a way to protect individual freedoms. This endorsement is seen as a significant development for the …
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Spanish Tax Agency to Notify Over 328,000 Crypto Holders
According to the fiscal authority of Spain, there has been a significant increase of 40% in the number of potential taxpayers who failed to report their cryptocurrency holdings within a one-year period. And, because of this, Spanish authorities are looking to take action. Spanish Authorities Taking Action The State Tax Administration Agency (AEAT) of the Spanish government is stepping up …
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SushiSwap – Solving The Liquidity Problem With DeFi
As the world of decentralized finance (DeFi) continues to expand, new solutions are being developed to tackle some of the industry’s biggest challenges. One such challenge is the liquidity problem, which can hinder the ability of different forms of liquidity to connect with markets in a decentralized way. While several solutions have emerged to address this issue, SushiSwap stands out …
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