πͺπΊ Binance : βSome stablecoins may be delisted in the EU!β
β«οΈNew EU regulations (MiCA) on stablecoins will come into force in June next year.
β«οΈIt is not clear how foreign or decentralized issuers will be regulated.
β«οΈBinance is preparing for a large-scale delisting of stablecoins , because... So far, regulators have not approved a single project.
β«οΈNew EU regulations (MiCA) on stablecoins will come into force in June next year.
β«οΈIt is not clear how foreign or decentralized issuers will be regulated.
β«οΈBinance is preparing for a large-scale delisting of stablecoins , because... So far, regulators have not approved a single project.
#MC/USDT ANALYSIS
MC breakout the cup and handle pattern. Currently, it is retesting above it. MACD crossover is showing bullish momentum. A successful retest above the horizontal support would confirm the upward move, while a failed retest could lead to a downward movement.
MC breakout the cup and handle pattern. Currently, it is retesting above it. MACD crossover is showing bullish momentum. A successful retest above the horizontal support would confirm the upward move, while a failed retest could lead to a downward movement.
Down we go if the one gets lost
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This is incredible:
The 10-year note yield is now just 4 basis points away from hitting our 4.50% target.
We are currently at the highest levels since October of 2007.
Meanwhile, the Fed is now no longer expected to cut rates for at least one year.
Mortgage rates are about to cross 8% and new car loan rates are nearing a record 10%.
Truly a historic move.
The 10-year note yield is now just 4 basis points away from hitting our 4.50% target.
We are currently at the highest levels since October of 2007.
Meanwhile, the Fed is now no longer expected to cut rates for at least one year.
Mortgage rates are about to cross 8% and new car loan rates are nearing a record 10%.
Truly a historic move.
Historically, bonds and gold would be considered safe haven assets that you buy in times of volatility.
Now, volatility is back but bonds and gold are falling ALONG with stocks.
Why is this happening?
Because the Fed is holding rates higher for longer, the US Dollar is strong, and US deficit spending is flooding bond markets with supply.
Now stocks are down, gold is down and bonds are down all at the same time.
You know something is wrong when even safety investments are falling in times of volatility.
What's the new safety trade in this market?
Now, volatility is back but bonds and gold are falling ALONG with stocks.
Why is this happening?
Because the Fed is holding rates higher for longer, the US Dollar is strong, and US deficit spending is flooding bond markets with supply.
Now stocks are down, gold is down and bonds are down all at the same time.
You know something is wrong when even safety investments are falling in times of volatility.
What's the new safety trade in this market?
πΊπΈIt has been 60 hours since US debt crossed $33 trillion and it is already up another $50 billion.
That means we have added $833 million in debt PER HOUR since US debt crossed $33 trillion.
If the total US debt were divided by every household in the country, each household would get $252,000.
We are officially paying more than $2 billion PER DAY in interest expense.
All while the debt ceiling bill leaves the debt limit UNCAPPED until January 2025.
Something needs to change.π€
That means we have added $833 million in debt PER HOUR since US debt crossed $33 trillion.
If the total US debt were divided by every household in the country, each household would get $252,000.
We are officially paying more than $2 billion PER DAY in interest expense.
All while the debt ceiling bill leaves the debt limit UNCAPPED until January 2025.
Something needs to change.π€
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BREAKING: Rupert Murdoch steps down as Fox and News Corp. chairman