JPMorgan just became the first big bank to give retail wealth clients access to cryptocurrency funds — link

BTC short squeeze to $40k+ likely

The July edition of the YFDAI newsletter is out now!🗞

If you haven't signed up yet for the newsletter, you can do so now in the footer of the YFDAI website:

https://yfdai.finance

📰Some of the things included in this latest newsletter include:

- Preview of YFDAI's Client Partnership with Aragon regarding to DAO Governance
- Review of SSGT Airdrops and the SSGT Explainer video
- Invitation to YFDAI's Product Discovery Sessions
- Information on YFDAI new hires (UI/UX and Community Managers)

and more!

✍️🏼Sign up today to not miss their August newsletter!

YFDAI is releasing weekly development updates to the community to give transparency to what they'er working on behind the scenes.

👨‍💻👩‍💻 What's on the table now:

- Richard V has begun working closely with the Devs on a daily basis to ensure that YFDAI product development is on track to achieve all roadmap milestones.

- YFDAI has finished cleaning up bugs identified on SafeSwap and are planning the integration of the DEX with Polygon. Once completed, YFDAI will start adding top projects to SafeSwap and begin the migration process of incentivizing LP providers.

- Airdrops of SSGT will also be used to attract LP providers and users of the exchange. YFDAI should begin adding projects on a weekly basis once integrated starting in late Aug/early Sept.

- The governance interface is being finalized and tested, which YFDAI will be partnering with Aragon for as the protocol for voting.

- The new LaunchPad app and the YFDAI website 3.0 overhaul are slated for completion by end of July.

Funding being negative means twofold:
1. Sentiment from traders is bearish

2. Spot BTC is being bought more aggressively than futures. Seeing funding stay negative throughout this pump over the last 24 hours shows we could potentially be setting up for a short squeeze.

$DOT 1D

Lower highs and lower lows, wait for this to consolidate like we saw last fall IMO and then consider buying in the accumulation range. $8ish should be solid.

Smaller entities with 0.1-100 BTC have been accumulating heavily since the May 19th capitulation.

In total, they've added +97,649 BTC to their holdings.

Bitcoin need to break the mid range resistance of $35,500-$36,000 to go towards the upper range resistance of $40,000-$42,000. The good thing is that BTC break the daily 50 MA and now trading above it and also closed 4 green daily candle in a row which is not seen since April. The candle close below $31,000 triggered a lot of stop loss and short positions which getting rekt now. Bitcoin need to break the major resistance of $42,000 to get some FOMO. The short term sentiments and charts are bullish.

Amazon is looking to accept Bitcoin payments ‘by the end of the year’, and is investigating its own token for 2022, says an insider.

The internet behemoth set tongues wagging over the weekend after publishing a job advertisement for a cryptocurrency and blockchain lead.

The vacancy, clearly a signal the company is laying down a pathway towards cryptocurrency transactions, calls for someone who can “leverage domain expertise in blockchain, distributed ledger, central bank digital currencies and cryptocurrency”.

If futures market $BTC went up to 48k in just 1 minute! Liquidating all the shorts

$111,000,000 of shorts liquidated in 10 minutes during the pump.

Binance reducing max leverage to 20x for new users. It will apply to existing users in coming weeks.

#bitcoin breaks 40k!

🎉The second SSGT Airdrop is live!

Qualifying YFDAI holders/stakers/farmers, claim your SSGT on the YFDAI dashboard now: https://dashboard.yfdai.finance/

Note: For those qualified, you are claiming SSGT in the same wallet you hold, stake or farm YFDAI (so your YFDAI wallet).

How to add Matic to Metamask: https://bit.ly/35VvxvB

⭐️ SSGT custom token address (Matic): 0x914034f0FF781c430Aa9594851cC95806fd19dc6

🧑‍💻 Next to claim your SSGT Airdrop:

1. Go to dashboard.yfdai.finance
2. Make sure that you are connected to the “Matic Network” (you may need to switch from Ethereum Network) in your wallet.
3. Connect your eligible wallet(s)
4. You will see a new addition to the dashboard on the top right - SSGT Airdrop. Click here.
5. Claim your Airdrop/s, remember you need Matic for gas (recommended to use 10 GWEI).
6. You can claim free Matic some here (one time / wallet) https://matic.supply

Reason of dump:

Amazon denies the rumour that it will start accepting bitcoin and crypto payments. Although Amazon continue to explore new possibilities of crypto payments.

Bitcoin tested the upper range resistance and made a high of $40,500. The good thing is that BTC is holding above $36,000. As long as BTC is above $36,000 the bullish case is valid and we may see another retest of the $40,000-$42,000 resistance zone. Bitcoin also tested the 100 MA and rejected from there. The Amazon news made the pump and dump. Bitcoin nearly tested the $36,000 area and we may see next leg up now.

Bitcoin Dominance is rejecting from the 49.2% resistance area. There is heavy resistance between 49%-50.5% zone and dominance need to stay below it to get rally in altcoins. If Bitcoin Dominance break above this resistance zone then the best option is to stay out from alt positions. Dominance need to reject from this level and if it happens we will see a good rally in altcoins. The support zone for Dominance are 48% and 46%. We may see some recovery in altcoins once BTC stable in a range again. Now BTC is too volatile.

Bitcoin break the $40,000 area and made a high of $40,900. Bitcoin is now trading around $39,800. If today daily candle close above $40,000 then we will see a retest of the major resistance area of $42,000. There js a lot of resistance between $40,000 and $42,000.

The local support zone is $38,300-$38,500 and major support for now is $36,000-$36,500.

One of the Germany's largest assets manager Dekabank is looking to get into Bitcoin. The country new law allows special funds (designed for institutional investors) to invest upto 20% of their portfolio in Bitcoin.

Dear Community,

🪂As promised, we’re excited to announce a new airdrop for SafeSwap users!

📈Anyone that has traded on SafeSwap between June 25 (June snapshot) and July 31 will get a one-time airdrop of 500 SSGT!

👉🏼If you haven’t traded on SafeSwap yet, you still have two days to become airdrop eligible so make a trade now: https://safeswap.yfdai.finance

🗓This SSGT airdrop will be released the first calendar week of August, exact date to be announced!

📖Rules:
- Everyone is eligible for this airdrop (new and old YFDAI/SSGT followers)
- Multiple trades will not enable you to receive multiple airdrops
- Airdrop eligibility stops on August 1st at 12:00 am UTC
- Bots will be disqualified as will any other funny activity that's discovered

Time to trade on SafeSwap!

👀Sneak Peek: A major SafeSwap airdrop will be announced soon related to adding liquidity onto the DEX. Stay tuned for more details.

YFDAI Team