🇷🇺Russia and 🇨🇳China switch to digital payments as sanctions hamper bilateral trade settlements

✨The use of digital assets in cross-border settlements between Russia and China is simplifying bilateral payments, especially in the face of sanctions. Founded in 2013, Qifa, a platform focused on importing Chinese goods into Russia, has begun using cryptocurrencies to 💨speeding up payments, which can now take place in a single day.

🔴 Difficulties with payments through traditional banks have led to a shift to digital assets such as Tether (USDT). Russia already allows payments using some digital assets, andthe Russian parliament is considering a bill to legalize cryptocurrencies for foreign trade.

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📺 Market News ⚡

🟡Global market capitalization of cryptocurrencies now stands at $2.32 trillion, down -3.92% 📉 from the last day.

✨In the last 24 hours, the Bitcoin BTC price has traded between $63,457 and $67,480. As of today, BTC is trading at $67,304, up 4.41%.

🎙Most major cryptocurrencies are trading mixed in terms of market capitalization. The market leaders are CVP, IRIS and HARD, up 114%, 41%, and 23% respectively.

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How many Bitcoins does 🇺🇸 US have, and why should that affect 📊 market dynamics?

🔴The U.S. government currently owns 183,439 BTC worth approximately $12.35 billion. This significant holding emphasizes the government's significant presence in the cryptocurrency market.

💎The valuation of these assets reflects the current market price of bitcoin, indicating the significant financial stake held by the U.S. government.

📺 This information reveals the scale of cryptocurrency assets managed by government agencies, which could affect market dynamics and regulatory approaches.

❗️ Significant bitcoin reserves under the control of the U.S. government may also influence future policy decisions and market strategies in the cryptocurrency sector.

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📉 Will the price of Toncoin (TON) fall below $5?

❤️Toncoin (TON) is completing its retest phase, which could lead to a 40% rise. However, the current correction in the market poses risks for the price to fall further.

🟡At the moment, Toncoin's price is under pressure and has failed to hold the long-term support line, resulting in a 12% drop for the month. A continuation of the bearish trend could take the price down to $5 unless there is a significant recovery.

❗️Тем however, there are some bullish signals such as the Stochastic RSI and the Fibonacci level at $6.10 that could support the price and prevent further declines.

🔎Summary: Toncoin price could fall below $5 if bearish sentiment persists and current support levels fail to hold.

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✨ Market analysis from MaxSwap expert ✨

📈📊 The market made a false entry under the monthly trend and on the news about ether ETF the price was pushed back into the pro-trading channel.

📌From a technical point of view, for further growth it is necessary to hold above $66K for a week and then the asset will have every chance to test $70K and reach a new ATH.

📉In case of failure under $66K, the road to test supports around $60K will be opened. The situation is shaky, as by sentiment the market is again dominated by greed, and in addition August and September are not the best months for BTC. Also situationally, rumors of the US government moving BTC may negatively affect the price.

P.s. This is NOT FINANCIAL advice. All decisions to buy or sell assets are made by you.

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🔎Why is the Polkadot Price Dropping?⚡️

Polkadot (DOT) has seen a 📉drop in demand this 🗓July, with activity on its Relay Chain and parachains hitting low levels. This has led to increased selling pressure, causing DOT's price to fall by 2.8% to around $5.68. Despite this, the network's on-chain activity is strong, with daily holder counts at an all-time high of 1.3 million and a 19.21% increase in daily active users.

💭Open interest is low, but 73.86% of traders remain optimistic about a price 📈increase, indicating potential for a future rebound. The recent break below the $6 support has triggered a long-squeeze event, with significant liquidity around the $6 mark potentially attracting buyers for a 〽️bullish correction.

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🔥Three cryptocurrencies to avoid next week 🕯

1️⃣ PEPE 😄

As a highly speculative and volatile meme coin, Pepe (PEPE) has experienced huge short-term growth, but also a rapid decline driven by social media hype. A whale of a whale recently moved a whopping 400 billion tokens worth $4.22 million to cryptocurrency exchange Binance, which could lead to increased selling pressure.

2️⃣ Wormhole 🔲

Meanwhile, cross-chain interoperability protocol Wormhole (W) is set to unlock a whopping 612.12 million tokens worth about $145 million. This could lead to increased selling pressure as investors receiving them may decide to cash out the tokens, affecting their price, at least in the short term.

3️⃣ IMX 🌋

Finally, another blockchain platform that is about to witness a major token issuance is Immutable (IMX), which plans to issue 32.47 million tokens worth about $43 million. Moreover, it is shutting down its IMX Marketplace on August 13, which may cause short-term disruptions as users reschedule their activities.

Missed anything? write in the comments 💬

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🧨Why Did Bitcoin and Altcoins Crash? New Opportunity or Crisis?📉

Asian markets started the week with a sharp 📉 decline, causing a wave of concern in global markets. Bitcoin and altcoins also felt this pressure, with Bitcoin dropping below $50,000 and altcoins losing up to 30%.

🔎The primary cause of the crash is considered to be a significant drop in the Japanese stock market, exceeding 13%, which hasn’t been seen since 1987. According to trader Adam Hu, this decline is linked to the parity between the Japanese yen and the US dollar.

Traders borrowing 🇯🇵 Japanese yen at ↘️ low interest rates and converting them into dollars to buy 🇺🇸 US stocks found themselves in trouble after the 🏦 Bank of Japan raised interest rates. This caused the yen to strengthen and led to a massive sell-off of US stocks to repay debts in yen, putting pressure on global markets.

🔥This short-term crisis creates new opportunities for investors. Such panics offer a chance to buy high-quality stocks at reduced prices.📈

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🎁 MaxSwap Contest: 50 USDT Completed! 🎁

Thank you to everyone who participated!

⭐️ Two winners were randomly selected, and here they are:

✨ivanovye******@yandex.ru +50💵
✨froaco***@yahoo.com +50💵

🎙 We will contact you with further instructions on how to claim your prize.

Stay tuned for our updates and be on the lookout for future contests and promotions! 🎆

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🇸🇻 While everyone was panicking, El Salvador bought more

📺 El Salvador accumulates more bitcoins amid market panic, 5834.75 BTC and counting continues

✨ El Salvador is showing other countries how cryptocurrency can be transparently and effectively integrated into the economy.

🙋El Salvador's proactive stance and pioneering steps in the use of bitcoins illustrate a belief in the potential of cryptocurrency for economic transformation.

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⚡️Market News⚡️

🌏The global cryptocurrency market capitalization currently stands at $2.03 trillion, having 📈increased by 4.25% in the last day.

📱 Bitcoin (BTC) traded between $54,559 and $57,736 over the past 24 hours. Today, BTC is trading at $57,163, down by -0.48%.

👥 Most major cryptocurrencies by market capitalization are trading mixed. Leading the market are XRP, ERN, and G, which have increased by 19%, 17%, and 11% respectively.

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👥 This is not Slovakia ❌

🇸🇮Slovenia has embraced the digital future and issued the first EU digital bonds through BNP Paribas. The amount is 30 million dollars, the interest rate is 3.65% and the technology is blockchain!

Slovenia is now in the 👑 elite club of countries with digital bonds and now we will stop confusing it with 🇸🇰Slovakia as this could be the beginning of a new wave of such issues for it.

❓ Who's next for this crypto express?

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🛡Rumours that SEC will again apply measures to control cryptocurrencies ⚡️

💬The SEC has taken on leading venture capital firms such as Andreessen Horowitz and Union Square Ventures over their ties to Uniswap Labs, the operator of decentralised exchange Uniswap. Uniswap Labs, which has been notified of the possible sanctions, faces the threat of being accused of operating as an unregistered exchange. Despite this, the decentralised nature of Uniswap allows the exchange to continue operating even if Uniswap Labs is shut down.

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📱 Bitcoin ranks sixth among global monetary assets🏆

📈Bitcoin has reached a significant milestone in the landscape of global monetary assets. The latest data revealed by Bitcoin Magazine shows that Bitcoin is now the 👑 sixth largest global monetary asset with a market capitalisation of $1.19 trillion.

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🌍 Top 5 countries in cryptocurrencies 🔎

1. USA 🇺🇸

Adoption rate: 6,2%
Highlights: Leadership in institutional investment.

2. China 🇨🇳

Implementation rate: 7.1%Regulation: strict, no trading allowed. Highlights: dominates bitcoin mining.

3. Japan 🇯🇵

Implementation rate: 4,5%
Highlights: Bitcoin is legal tender

4. South Korea 🇰🇷

Adoption rate: 6,3%
Highlights: High trading volume.

5. Singapore 🇸🇬

Implementation rate: 4,9%
Regulation: Favorable
Highlights: Cryptocurrency Business Center

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📺 Solana is now on MaxSwap!

📍We are happy to announce that Solana (SOL) is now available on MaxSwap! From today you can deposit, trade and withdraw SOL through our bot. Start working with Solana right now!

📊Start working with Solana right now!

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📱 Tether Transferred $955M to Kraken!💥

⬅️ Tether recently made a major transfer of $955M USDT to the Kraken exchange via the "TQef...k32t" deposit address on the Tron network. This event highlights the importance of the Tron network, which accounts for more than half of all USDT in circulation.

What does this mean?

ℹ️ This transfer demonstrates the growing importance of Tron in the cryptocurrency ecosystem.

ℹ️ There may be shifts in the financial system that could affect future trading strategies and markets.

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📱 Why is bitcoin stuck at the $58,000?

💬 Bitcoin is fluctuating between $57,815 and $61,815, facing resistance at the 50-day SMA ($61,662). At the time of writing, BTC is at $58,106.44, down 5.2% for the week. In the last 24 hours, 57,708 traders liquidated $221.55 million, including a large order on Binance ($10.83 million).

🎙 Weakness in spot demand may be responsible for the recent volatility, according to Glassnode. Large wallets have started to return to hoarding, which could lead to a rise in BTC if demand resumes. However, the “death cross” signals a possible further decline.

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🤑 How to make money on bitcoin (BTC)⚡

🎙 To make money on bitcoin (BTC) in the current environment, the traditional buy-and-hold strategy is no longer effective. We can use hedging as a key strategy.

🔎What is it?

Hedging — is a way to protect your money in case the price of an asset, such as bitcoin, falls. It's like insurance: you do something to offset potential losses. For example, if you have bitcoin but you're afraid it will fall in price, you can sell a contract in advance to buy it in the future. If bitcoin does fall in price, you will partially recover the money you lost thanks to this contract.

📊Traders can minimize risk and profit by hedging positions through options and futures on altcoins such as Ethereum and Solana. With BTC's growing market dominance, the hedge fund approach helps to stay on the plus side even in a bear market.

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