🪙 SEC Rejects #SOL-#ETF Proposals

The 19b-4 proposals submitted by Cboe BZX from potential #Solana ETF issuers have been rejected by the #SEC. The agency reminded that it still considers Solana a security.

Apparently, Tyler Winklevoss — co-founder of Gemini — was not without reason when he called on over 50 million U.S. crypto investors to put pressure on Kamala Harris to fire the SEC chair and end the "war on cryptocurrency" 🤷‍♂️

#CryptoNews

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#Analysis #BTC

🪙 #Bitcoin is in a consolidation zone

The chart pattern — a "squeezing triangle" with a false breakout of the lower sloping level — gives confidence to long traders.

📈 If the price breaks through the local level of 59,520, a market reversal to the nearest targets — 61,400, 61,800, and 62,745 — is possible.

📉 If the price breaks through the 59,722 level and falls back below this value, further shorting down to the nearest level of 58,548 is likely.

this is not a trading recommendation

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🙈 Justin Sun Accidentally Pumps a #memecoin

The memecoin #SUNWUKONG skyrocketed by 9900% after the founder of #TRON changed his Twitter avatar to the character of the same name from the new game Black Myth: Wukong, which is being released today and, apparently, Justin had been eagerly awaiting.

#CryptoNews

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This holiday was born from transforming the date 8/21 into the symbol of infinity, divided by 21 million BTC coins, which, according to the idea, represents the potential for infinite growth in the price of Bitcoin 🚀

#FactOfTheDay

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#Analysis #BTC

🪙 Bitcoin has reached the psychological mark of $60,000

📈 If the price holds above this level, we can expect a breakthrough at $62,745, with the next target for long positions at $65,000.

📉 If #Bitcoin falls below $60,000 again, the price may test the support level at $58,548.

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🤔 We took our time thinking and gathering your opinions to finally decide how to name the new section, which currently has the working title #TwitterRecommends.

And we concluded that the most fitting option would be the trendy and catchy hashtag #HotPicsFromX

🔷 And today's hero is Vitalik, who, in response to the suggestion "less philosophizing and more bull posting," literally made a bullish post.

Even #ETH responded with a slight increase to this Vitalik Moment 🚀

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🚀 #TRX has become the undisputed leader of the week

#TRON has shown a growth of over 17% in the last 7 days. The reason for this success is the launch of the platform on the TRON network for creating meme coins — #SunPump.

🔼 The platform has already generated $585,000 in the first 24 hours, surpassing the similar solution #Pump.fun on the #Solana network. Justin Sun has stated that TRON is now the top blockchain by revenue.

📈 At the moment, TRX has reached its three-year ATH, and the overall growth for the year exceeds 100%. Meanwhile, most altcoins are still trading significantly below their historical highs.

#CryptoNews

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#Opinion

🪙 Analysts from #CryptoQuant believe that the bull run will not start until the fourth quarter

The company's experts argue that August and September are traditionally weak months for the crypto market. Moreover, at the beginning of the last cycle, #Bitcoin saw growth specifically in the fourth quarter of the year.

📆 It’s also important to consider the upcoming U.S. elections, during which the stock market might be injected with additional liquidity to avoid a drop in stocks and a decline in voter sentiment. In such a scenario, cryptocurrencies might benefit as well, serving as an additional positive catalyst for the market.

🔥 — That's how it will be
❤️‍🔥 — Expecting growth in September
🗿 — The cycle won't repeat itself

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📆 #EventOfTheDay — Jerome Powell's Speech

Today at 2:00 PM GMT, traders and investors around the world will be focused on the speech of Federal Reserve Chairman Jerome Powell. Market participants are looking for signals about the easing of monetary policy, which is expected following the positive FOMC minutes from August 21.

Almost everyone is certain that the issue is not whether the Fed will lower rates in September, but by how many basis points the rate will be reduced — 25 or 50.

The last time rates were lowered was in pre-COVID 2019, and that was when the #BTC bull run began 🔼

#CryptoNews

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📝 FOMC minutes provide detailed information about the arguments and conclusions that led to decisions on interest rates, quantitative easing, and other measures.

#Glossary

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💰 Let's #BackInTheDay and remember Bitcoin faucets

“Faucets” are special websites or applications that distribute small amounts of #BTC or other cryptocurrencies to users for performing certain actions. These actions typically include viewing ads, solving CAPTCHAs, participating in surveys, and so on.

🪙 Bitcoin faucets still exist today and distribute 0.00000001 bitcoin. However, in their early days, back in 2010, faucets could give away several BTC. One such faucet, created by Gavin Anderson, used to give away a full 5 bitcoins for solving a single CAPTCHA.

Undoubtedly, faucets played a significant role in popularizing cryptocurrencies, as they were how early Bitcoin enthusiasts first encountered cryptocurrency and blockchain technology 👨‍💻

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Yesterday, Jerome Powell said what was expected of him.

#Bitcoin is responding with growth, as are tech company stocks 🔼

#QuoteOfTheDay

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A visual comparison of meme coins on the #TRON and #SOLANA blockchains.

The new platform by Justin Sun likely has potential 🚀

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The commission reached these values last Thursday. Now its size has decreased again by about 10 times.

#NumberOfTheDay

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⚡️ Pavel Durov's arrest has been extended for another 48 hours

At the end of this period, the founder of #Telegram must either be released or formally charged.

The platform itself has already commented on Durov's detention, stating that it complies with all standards and EU laws. However, its owner should not be held responsible for misuse of the messenger.

Meanwhile, Justin Sun has proposed creating the #FreePavel DAO and donating $1 million to help resolve the situation.

#CryptoNews

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🌍 Weekly #CryptoDigest News:

🪙 BTC.D (Bitcoin Dominance over Altcoins) — 57.41%
🧭 Fear & Greed Index — 55

🇺🇸 29.08 3:30 PM (GMT+3) USD — GDP (2nd quarter)

🇺🇸 29.08 3:30 PM (GMT+3) USD — Initial Jobless Claims. Forecast — 234k; Previous Value — 232k

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#TON, meanwhile, showed a 20% daily decline.

#QuoteOfTheDay

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#Analysis #BTC

🪙 At a recent speech, Fed Chair Jerome Powell stated that he is prepared to lower the interest rate. The market reacted as expected to this news, breaking through the resistance levels of 61,858 and 62,745.

Currently, the price is in a retest zone, and this level has become support.

🕯 If buyers hold the price above 62,745, a return to 65,000 is possible. Otherwise, a short move to 61,858 is likely.

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#Opinion

🪙 #Cointelegraph believes that #Bitcoin will drop to $60,000 again

Factors that may influence this price movement include the dominance of short positions (51% of all positions), potential liquidations exceeding $300 million in the $63,000 - $60,000 range, the increase in exchange reserves, and market seasonality.

📉 Historically, the third quarter is the weakest for the industry, with August and September performing particularly poorly.

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Come on, any among us? 😎

#NumberOfTheDay

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