Forwarded from Elite Trade Signals โ Crypto | Forex | Gold
With confirmation above the 645.3 level, we expect to initiate long positions.
#BCH #Crypto #SignalsToday
@Signals2day
#BCH #Crypto #SignalsToday
@Signals2day
๐ญ๐ฐ๐โโ๏ธ HashKey Holdings is set to start taking investor orders for its planned Hong Kong IPO as early as next week.
The company aims to raise at least $200 million and potentially list before the end of December, though final sizing and timing may still change. bloomberg
The company aims to raise at least $200 million and potentially list before the end of December, though final sizing and timing may still change. bloomberg
๐ฎ๐ณ๐ #BNB Binance CEO Richard Teng: India is a critical market, we hope policymakers will embrace the sector more, ensure banking access and support.
India can take the lead in crypto in the Asia-Pacific to continue to support and experiment with different aspects of blockchain.
India can take the lead in crypto in the Asia-Pacific to continue to support and experiment with different aspects of blockchain.
๐ช๐บ๐น The executive body of the European Union proposes to transfer oversight of cryptocurrency companies to the EU Securities and Markets Authority as part of a package of measures for the "full integration" of financial markets. coindesk #regulation
๐ต๏ธโโ๏ธ BlackRock deposited 1,385 $BTC, worth $126.3M, and 799 $ETH, worth $2.5M, into #Coinbase and is likely to deposit more. link
๐ฐ BitMine, founded by Tom Lee from Fundstrat, has purchased an additional 48,623 #ETH, bringing the company's total holdings to over 3% of the entire ETH supply. Tom Lee believes that ETH has entered a "super-cycle" that will last 10 to 15 years, although deep corrections are not excluded.
๐น๐ท๐ค The Turkish crypto exchange Paribu has acquired a controlling stake in its competitor CoinMENA.
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๐ฃ #BTC Fidelity CEO Abigail Johnson stated, โI like Bitcoin. I own Bitcoin.โ She believes it will play a role in the savings hierarchy.
๐ฎโโ๏ธ Crypto sleuth ZachXBT claims a British threat actor linked to the $243 million Genesis creditor theft is 'likely arrested. link
๐ต๐ฑ๐
โโ Polish lawmakers failed to overturn President Karol Nawrockiโs veto of a digital-assets bill, hindering Prime Minister Donald Tuskโs attempt to push forward EU-aligned crypto regulations. The lower house did not achieve the necessary three-fifths majority, despite Tusk's claims that the legislation was crucial for national security. link
๐บ๐ธ๐ #macro US:
- PCE Price index (Sep):
- m/m: 0.3% (prog: 0.3%; pre: 0.3%)
- y/y: 2.8% (prog: 2.8%; pre: 2.7%)
- Core PCE (y/y): 2.8% (prog: 2.9%; pre: 2.9%)
- 1-year consumer inflation expectations (Sep): +4.1% (pre: +4.5%);
- 5-year consumer inflation expectations (Sep): +3.4% (pre: +3.9%).
- PCE Price index (Sep):
- m/m: 0.3% (prog: 0.3%; pre: 0.3%)
- y/y: 2.8% (prog: 2.8%; pre: 2.7%)
- Core PCE (y/y): 2.8% (prog: 2.9%; pre: 2.9%)
- 1-year consumer inflation expectations (Sep): +4.1% (pre: +4.5%);
- 5-year consumer inflation expectations (Sep): +3.4% (pre: +3.9%).
๐จ๐ณ๐ทโโ๏ธ Chinese Web3 job platform DeJob reports a significant surge in Web3 job seekers, the first since 2022. The market remains unbalanced, with job openings far exceeding seekers, and over 70% of recruitment coming from CEX and DEX-related positions. link
๐โ๏ธ #LUNA #LUNC Bloomberg: US prosecutors have requested a 12-year prison sentence for Terraform Labs co-founder Do Kwon, labeling his involvement in the 2022 TerraUSD collapse as a โcolossalโ fraud that led to significant failures in the broader crypto market, including FTX. Sentencing is set for December 11.
๐ฎ๐ #BTC JPMorgan maintains its Bitcoin vs gold model target, projecting Bitcoin to reach $170K within the next year.
๐โ๏ธ #BTC CryptoRank: The average cash cost to mine one bitcoin has reached $74,600, while the all-in cost including depreciation and SBC climbed to $137,800.
๐๐ค Glassnode: #BTC's drawdown has triggered the largest spike in realized losses since the FTX collapse in late 2022.
STHs account for the bulk of the losses, while LTH losses stay comparatively contained, indicating that the stress is largely on recent buyers.
STHs account for the bulk of the losses, while LTH losses stay comparatively contained, indicating that the stress is largely on recent buyers.