⁠Bitcoin heading to 36K, analysis says amid warning global stocks 'look expensive'

A cataclysmic breakdown in global equities is not off the table for this year, with a "stagflationary shock" already in the making.

https://ct.com/aduz

Sheikh Mohammed approves law to regulate cryptocurrencies and NFTs


His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, approved a first-of-its-kind law to regulate virtual assets in Dubai.

The Dubai Virtual Asset Regulation Law presents an advanced legal framework to protect investors and promote responsible business growth within a virtual asset (VA) Industry governance that implements the highest international standards.

An independent authority, established under Dubai World Trade Center Authority, will oversee the regulation, licensing and governance of virtual assets, non-fungible tokens (NFTs), and cryptocurrencies.
#Defimov #MOV #Tron #DeFi

https://www.khaleejtimes.com/uae/sheikh-mohammed-approves-law-to-regulate-cryptocurrencies-and-nfts

US inflation soared 7.9% in past year, a fresh 40-year high

https://www.whec.com/national/yet-another-4-decade-inflation-high-is-expected-for-february/6415155/?cat=10036
#Defimov #MOV #Tron #DeFi

#BTC INTRADAY UPDATE

VOLATILITY EXPECTED: Medium

EXPECTED SCENARIO:
Expecting BTC to stay above S1(24100$) and Bullish above INTRDAY FLIP LINE(24900$)

BULL CASE:
Bullish above INTRDAY FLIP LINE(24900$) and resistances will be tested.

BEAR CASE:
S1(24100$) should hold today.

NOTE:
23000$ has to hold, else we will go back to 21K$ zone.
As long as we are above 21K$, we are still in an uptrend. Higher side target of 27K$ is still valid.
Below 19K$ we can expect a big dump.

The U.S. unseasonably adjusted CPI in August was 8.3%, expected to be 8.1%, and the previous value of 8.5%. The U.S. core CPI was 6.3% in August, the previous value was 5.90%, and the expected 6.10%.

⁠USDC investor shells out $2M to receive $0.05 USDT trying to evade crash

While the crypto market responded with a massive sell-off, not all USDC investors were lucky enough to walk away with their funds amid the uncertainty.

https://ct.com/bfsk

🇵🇰 ⁠Pakistan aims to produce 1 million AI-trained IT graduates by 2027

The policy framework showcases Pakistan’s willingness to integrate AI for public and national betterment. The country has set 15 targets with timelines ranging from 2023 to 2028.

👉🏼 Full Story

🚨BREAKING: Celsius Network fined $4.7B by FTC

The regulator said Celsius "squandered billions in user deposits" after "duping" customers into depositing funds.

👉🏻 Read More

Despite BTC surging by 75%, trade volume continued to fall in 2023 with nearly all exchanges registering double-digit declines in July relative to the year before.