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โœ… Thai baht depreciation against US dollarโ‰๏ธ

๐ŸšฉOn last week, all the media were unanimous in explaining that the Baht is depreciating because of 3 reasons: (1) the uncertainties of the current elections, (2) the depreciation of the yuan and (3) the outlook for the FED's monetary policy.

๐Ÿ‘‰ As I like to tease, I just added the price structure line (yellow color) of the US dollar index in 3 different TAs including baht and yuan.

โš ๏ธ The result is clear with a strong correlation between the baht and the dollar index. The Baht therefore only follows the dollar, and regardless of the news that has no effect on its trend.
๐Ÿšฉ#Bitcoin Quick Updateโ€ผ๏ธ

๐Ÿ‘‰ As I suspected, the 2 major positive news from Beijing on last week were not relayed by any of the western media... but when the US are suing for "web of deception" #Binance and #CZ, the news is relayed within the hour by all media! Just disgusting.
๐Ÿ‡จ๐Ÿ‡ณ Last week, 2 big positive news from #Beijing were announced in #Asia... almost no western media relayed them. ๐Ÿ‘

๐Ÿ‡บ๐Ÿ‡ธ Today, the #SEC is suing #Binance and #CZ for the 10th time since the fall of #FTX last November... the news is relayed within the hour by all the media. ๐Ÿ‘Ž

It's just disgusting. #StayStrongCZ
๐Ÿ˜ก On the one hand, JPMorgan continues to explore the benefits of blockchain... and on the other, is one of those big American banks to put pressure on the FED, and its SEC watchdogs, to kill the cryptosโ€ผ๏ธ
โš ๏ธ I think it was necessary to explain what the media won't say about why US authorities are hounding crypto exchanges or any crypto-related business, and especially #Binance and #CZ who remains the main target to shoot down. (All opinions expressed here are solely my own)

๐Ÿ”นUS Dollar Hegemony / Global Sovereignty of the US Dollar
The Americans have always done what they think necessary to protect the global sovereignty of their American dollar, up to the worst abuses such as in Libya with Muammar Gaddafi who had started talks for an African currency.

๐Ÿ”นCrypto, a New Threat for Dollar US?
Today, Americans authorities see Crypto as a threat, and after realizing that a blockchain like BTC was unstoppable, they have put in place everything in their power to prevent crypto companies, or crypto-related businesses, to operate on American soil.
The US regional banks Silvergate Bank, Silicon Valley Bank & Signature Bank have been the first victims in banking sector, with a strong message sent to all other banks linked with crypto companies.

๐Ÿ”นAbout the FED (US Federal Reserve & US Central Bank)
The FED is know to be in charge of the American monetary system, but also to protect the world sovereignty of the American dollar, even if everyone knows that the FED is under the total control of the largest Americans (JP Morgan, City, Bank of America, Goldman Sachs...).

๐Ÿ”นAbout the SEC (American Securities and Exchange Commission)
The SEC is in charge of the regulation and control of the financial markets, but has been operating for several months exclusively to legally prosecute all crypto-related companies until bring them down, or at least prohibit them from operating on American soil. Gary Gensler (formerly of Goldman Sachs) is the Alpha of these watchdogs on behalf of the FED.

๐Ÿ”นThe Chinese-Canadian ๐Ÿ‡จ๐Ÿ‡ณ CEO of #BINANCE and his rival, The Californian ๐Ÿ‡บ๐Ÿ‡ธ CEO of #FTX.
The fall of #FTX caused last November by the CEO of Binance #CZ, who forced his rival #SBF to declare #FTX bankrupt, could have become a matter of state if the White House and the American mainstream media did not quickly cover up this embarrassing affair, and for 2 major reasons:

1๏ธโƒฃ The crook of the century Sam Bankman-Fried was the largest donor in the last US presidential election, embarrassing the White House and Biden teams who did everything to cover up the affair. If some media has related this affaire for a while, you won't hear a single word about this case in the media.

2๏ธโƒฃ Gary Gensler, head of the SEC met several times in his office with the Californian between 2021 and 2022, without having reported the slightest anomaly about the companies #FTX and #Alameda, while many financial experts and crypto media had already expressed strong suspicions several months before their bankruptcies. The other hypothesis being that Gary Gensler simply turned a blind eye to the fraudulent activities of his #SBF interlocutor, of which he could not ignore as there were so many "red flags"!

โš ๏ธ Federal prosecutors have now charged #SBF with 13 criminal counts, including securities fraud, money laundering and campaign finance violations.

๐Ÿ”นRelentlessness of the American Authorities by Vengeance?
These 2 cases correspond to the start of the excessive relentlessness of the American authorities to destabilize #Binance exchange with more than dubious processes, and put #CZ in difficulty, as if out of a spirit of revenge for having brought down the little protected of the White House, and embarrassed the head of the SEC for being completely fooled by the #SBF, or for his complacency in having left #SBF to his fraudulent activities.

๐Ÿ”นConclusion
If Americans want to officially kill Crypto to protect their dollar sovereignty, they want above all #CZ's Head for having humiliating them, and no matter what collateral damage might affect the Crypto market and its investors. If Binance had been a country, it would have been erased from the maps a while ago.

-END-

โš ๏ธ If you have any comment, don't hesitate to post it.

@AlainBKK 08/06/2023 (All opinions expressed here are solely my own)
๐Ÿ›‘ When the #SEC decides to strike hard... when American #propaganda with #Bloomberg announces a crypto crack without any real explanation... and when all the other media stupidly relay there propaganda... it causes uncertainty and skepticism among investors, including the most influential will sell their bags at the slightest sign of a significant drop in the market, accelerating the fall. However, the price of $BTC has not fallen below its low 4 days ago at $25,434, which shows that the panic effect is only on Alts investors.

Just now (Last 3 x 4-hour candle)
๐Ÿ”น#BTCUSD = -2.68%
๐Ÿ”น#ETHUSD = -5.95%
๐Ÿ”น#ATOMUSD = -14%
๐Ÿ”น#SOLUSD = -17%
๐Ÿ”น#MATICUSD = -21%
โœ… Seeing this crack of the Alts on bases as ridiculous as the attacks of this aggressive #SEC ๐Ÿ’ฉ on crypto exchanges remains difficult to accept humanly... so you must keep a cool head and not get carried away by your emotions. ๐Ÿ’ช

BTW, don't worry as this is only the 38th time THE END OF THE WORLD has been announced in crypto! ๐Ÿ˜…

โš ๏ธ This is not investment advice, but I just bought 60 $ATOM at $8.2 to lower my average purchase price on my bag of #Cosmos tokens.
๐Ÿšฉ#Bitcoin Quick Updateโ€ผ๏ธ

๐Ÿ‘‰ At least, all the noise made by the SEC clown GG and their US media propaganda has little effect on $BTC. Its price structure remains above the support of the first impulse wave, and the EMA200 plays its support role so far. I'm now waiting for the $BTC to frankly reintegrate its range.

๐Ÿ‘‰ The $BTC is still in the positive since the start the year with +57%, which is one of the best progressions (probably the best) among all financial and stock market assets.
โœ… SEC's Gary Gensler offered to serve as an advisor to Binance Exchange in 2019. ๐Ÿ˜‚

๐Ÿ‘‰ According to a new filing from Binance's lawyers, SEC Chair Gary Gensler offered to be an advisor to the crypto exchange in March 2019. At the time, Gensler was teaching at Massachusetts Institute of Technology's Sloan School of Management.

โœ… Breaking: US lawmakers file โ€˜SEC Stabilization Actโ€™ to fire Gary Gensler.

๐Ÿ‘‰ United States Rep. Warren Davidson said in a statement: โ€œU.S. capital markets must be protected from a tyrannical Chairman, including the current one. Thatโ€™s why I'm introducing legislation to fix the ongoing abuse of power and ensure protection that is in the best interest of the market for years to come. Itโ€™s time for real reform and to fire Gary Gensler as Chair of the SEC."
โœ… BREAKING: ๐Ÿ‡บ๐Ÿ‡ธ Federal Reserve pauses interest rate hikes, remains at 5.25% - 5.00%.

๐Ÿ‘‰ Following 10 consecutive increases and a campaign that has lasted more than a year, the Federal Reserve has officially paused interest rate hikes this month. Moreover, the Fed has opted to keep the interest rate steady at its current range of 5% and 5.25%.
_____________________

โœ… DAMNโ€ผ๏ธ $BTC just plunged again despite the FED pause rate hike. Prince feel to $24,800 before returning just above $25k.

โš ๏ธ We have to wait for the Daily Candle Close to see if the price structure will remain above the EMA200, which is a current support and should therefore be a strong reversal signal.
_____________________

โœ… They Don't "Like it" but They Buy it.
๐Ÿ˜‚

๐Ÿ‘‰ Did you know that while the SEC is busy suing #Binance and #Coinbase, #Blackrock & the biggest US banks (Bank Of America, Fidelity...) silently bought RECORD amounts of $BTC.
_____________________

โœ… BRICS: France to Attend 2023 Summitโ‰๏ธ

โš ๏ธ Even Macron has expressed his desire for the country to start distancing itself from the US, he has never had any other power than to talk to say nothing, or shit, or make promises he has never kept. BTW, all European countries are under the total control of the EU and its more than 30,000 powerful lobbyists, many of whom are there to defend US interests, not to mention the pro-American head of the European Central Bank, C. Lagarde who takes her orders only from the FED.
๐Ÿšฉ#Bitcoin Quick Updateโ€ผ๏ธ

๐Ÿ‘‰ As expected, $BTC has reintegrated well into its range of 92-day, after this umpteenth attempt by the SEC, major American banks and their propaganda through financial media to kill cryptos, ๐Ÿ’” which unfortunately has affected the Alts market just due to the panic effect caused, and that shows new crypto investors' mistakes who for lack of experience are not yet able to control their emotions, and causing the bad decision-making by selling their assets, often at a loss, just because a so-called CNBC expert or a one year experienced influencer in Dubai, talk about crypto crash, $BTC below $15k, and the infamous "crypto ban" which was #Fakenews spread on social media. ๐Ÿ’š And by the way, $BTC wasn't really affected because technically there was no sign of going down, but the $BTC is held by a majority of large investors as institutions, investment funds & banks, etc. with experienced pro-traders who have learned to control their own emotions in order to avoid any spontaneous reaction, calmly analyzing the market and seeing all the different possible options before to take a decision.

Note: As I have exceeded the maximum number of signs in my text, I must post my TA from $BTC the comments below. ๐Ÿ‘‡๐Ÿป๐Ÿ‘‡๐Ÿป๐Ÿ‘‡๐Ÿป
Just now: $BTC is moving around $26,500
๐Ÿ…พ๏ธ FULL LIST OF CRYPTOS NAMED SECURITIES BY THE SEC (for US crypto market only)
______________________________________________
1๏ธโƒฃ Cryptos Named Securities in SEC Lawsuits
The SEC notably specify 19 cryptos as securities in the lawsuits against #Binance and #Coinbase. Hereโ€™s the full list of tokens named as securities by the SEC.

๐Ÿ‘‰ In the SEC lawsuit against #BINANCE, they labeled these tokens as securities:
๐Ÿ”นCosmos (ATOM)
๐Ÿ”นBinance Coin (BNB)
๐Ÿ”นBinance USD (BUSD)
๐Ÿ”นCOTI (COTI)

๐Ÿ‘‰ Meanwhile, in the SEC lawsuit against #COINBASE, these cryptos were named securities:
๐Ÿ”นChiliz (CHZ)
๐Ÿ”นNear (NEAR)
๐Ÿ”นFlow (FLOW)
๐Ÿ”นInternet Computer (ICP)
๐Ÿ”นVoyager Token (VGX)
๐Ÿ”นDash (DASH)
๐Ÿ”นNexo (NEXO)

๐Ÿ‘‰ Finally, these tokens on both #BINANCE and #COINBASE were also labeled securities:
๐Ÿ”นSolana (SOL)
๐Ÿ”นCardano (ADA)
๐Ÿ”นPolygon (MATIC)
๐Ÿ”นFilecoin (FIL)
๐Ÿ”นThe Sandbox (SAND)
๐Ÿ”นDecentraland (MANA)
๐Ÿ”นAlgorand (ALGO)
๐Ÿ”นAxie Infinity (AXS)

๐Ÿ‘‰ The major exception from these lists is Ethereum (ETH) which was notably excluded.

______________________________________________
2๏ธโƒฃ Full List of Cryptos Named Securities by the SEC.
Adding to the charges against Binance and Coinbase, the SECโ€™s list of alleged securities encompasses a total of 67 different cryptocurrencies.

๐Ÿ‘‰ Prominent cryptocurrencies previously declared securities by the SEC include:
๐Ÿ”นRipple (XRP)
๐Ÿ”นTelegramโ€™s Gram (TON)
๐Ÿ”นLBRY Credits (LBC)
๐Ÿ”นOmiseGo (OMG)
๐Ÿ”นDASH (DASH)
๐Ÿ”นAlgorand (ALGO)
๐Ÿ”นNaga (NGC)
๐Ÿ”นMonolith (TKN)
๐Ÿ”นIHT Real Estate (IHT)
๐Ÿ”นPower Ledger (POWR)
๐Ÿ”นKromatica (KROM)
๐Ÿ”นDFX Finance (DFX)
๐Ÿ”นAmp (AMP)
๐Ÿ”นRally (RLY)
๐Ÿ”นRari Governance Token (RGT)
๐Ÿ”นDerivaDAO (DDX)
๐Ÿ”นXYO Network (XYO)
๐Ÿ”นLiechtenstein Cryptoasset Exchange (LCX)
๐Ÿ”นKin (KIN)
๐Ÿ”นSalt Lending (SALT)
๐Ÿ”นBeaxy Token (BXY)
๐Ÿ”นDragonChain (DRGN)
๐Ÿ”นTron (TRX)
๐Ÿ”นBitTorrent (BTT)
๐Ÿ”นTerra USD (UST)
๐Ÿ”นLuna (LUNA)
๐Ÿ”นMirror Protocol (MIR)
๐Ÿ”นMango (MNGO)
๐Ÿ”นDucat (DUCAT)
๐Ÿ”นLocke (LOCKE)
๐Ÿ”นEthereumMax (EMAX)
๐Ÿ”นHydro (HYDRO)
๐Ÿ”นBitConnect (BCC)
๐Ÿ”นMeta 1 Coin (META1)
๐Ÿ”นFilecoin (FIL)
๐Ÿ”นBinance Coin (BNB)
๐Ÿ”นBinance USD (BUSD)
๐Ÿ”นSolana (SOL)
๐Ÿ”นCardano (ADA)
๐Ÿ”นPolygon (MATIC)
๐Ÿ”นCosmos (ATOM)
๐Ÿ”นThe Sandbox (SAND)
๐Ÿ”นDecentraland (MANA)
๐Ÿ”นDecentraland (MANA)
๐Ÿ”นAxie Infinity (AXS)
๐Ÿ”นCOTI (COTI)
๐Ÿ”นParagon (PRG)
๐Ÿ”นAirToken (AIR)
๐Ÿ”นChiliz (CHZ)
๐Ÿ”นFlow (FLOW)
๐Ÿ”นInternet Computer (ICP)
๐Ÿ”นNear (NEAR)
๐Ÿ”นVoyager Token (VGX)
๐Ÿ”นNexo (NEXO)
๐Ÿ”นMirrored Apple Inc. (mAAPL)
๐Ÿ”นMirrored Amazon com, Inc. (mAMZN)
๐Ÿ”นMirrored Alibaba Group Holding Limited (mBABA)
๐Ÿ”นMirrored Alphabet Inc. (mGOOGL)
๐Ÿ”นMirrored Microsoft Corporation (mMSFT)
๐Ÿ”นMirrored Netflix, Inc. (mNFLX)
๐Ÿ”นMirrored Tesla, Inc. (mTSLA)
๐Ÿ”นMirrored Twitter Inc. (mTWTR)
๐Ÿ”นMirrored iShares Gold Trust (mIAU)
๐Ÿ”นMirrored Invesco QQQ Trust (mQQQ)
๐Ÿ”นMirrored iShares Silver Trust (mSLV)
๐Ÿ”นMirrored United States Oil Fund, LP (mUSO),
๐Ÿ”นMirrored ProShares VIX Short-Term Futures ETF (mVIXY)

๐Ÿ‘‰ SEC Chairman Gary Gensler has hinted at an expansive purview, suggesting that, in his view, โ€œeverything other than Bitcoinโ€ could potentially fall under the agencyโ€™s jurisdiction as a security.
โœ… #Microsoft $MSFT new ATH at $351
โœ… #Apple $AAPL new ATH at $187
๐Ÿšฉ#Bitcoin Quick Updateโ€ผ๏ธ

๐Ÿ‘‰
$BTC Hit $29,000
I'm just sorry for all the youtubers and so-called experts who were predicting $BTC at $15K ๐Ÿ˜‚
๐Ÿ”… Market Cap Bitcoin Dominance 51%
๐Ÿ‡บ๐Ÿ‡ธ FED Chair Jerome Powell says "we see Stablecoins as a form of money."

๐Ÿ‘‰ Speaking today at the US House Financial Services Committeeโ€™s semi-annual monetary policy testimony, Federal Reserve Chair, Jerome Powell, said, โ€œWe see stablecoins as a form of money.โ€ The comments were made in Powellโ€™s first testimony hearing before Congress since March.
$ETH is back to $1,900 USD
๐Ÿšฉ#Bitcoin Quick Updateโ€ผ๏ธ $30,800

๐Ÿ‘‰ Again, BTC just ridiculed all those so-called experts who were announcing a retrun to $15,000, even though no technical signal was indicating it. Within a week, BTC crossed low-to-high through its nearly 100-day mature accumulation range, rising by almost 27% from $25K below its range support, to above $31K with a first test on strong range resistance which could consider a possible breakout to occur in this area.

โš ๏ธ When can this breakout occur? Tomorrow, next week, July... no one can say for sure, as long as BTC continues to swing into its range in accumulation phase (as I have explained several times). If someone give you a timing, he's just a big liar! ๐Ÿ˜‚

Have a nice weekend #CryptoLovers ๐Ÿ’š