Crypto Futures Trading

2023-05-13 07:38:02 Circle refuses to hold longer-dated Treasurys on concern US government might default

Circle, the issuer of the USDC stablecoin, is refusing to hold Treasurys that mature beyond early June amid concerns U.S. politicians will fail to agree to raise the debt ceiling, risking a default on U.S. government debt, CEO Jeremy Allaire told Politico in an interview. Disclosures from the Circle Reserve Fund, which is managed by BlackRock, show it holds no U.S. government debt maturing beyond May 31.

Democrats and Republicans in Congress are locked in a dispute about raising the government's $31 trillion borrowing limit, with the Treasury implementing special measures to meet its obligations. These accounting tools — which include things like pausing contributions to government workers’ retirement funds — are currently forecast to tide the U.S. over until June, the so-called X-date after which the government may have to resort to missing payments on its bonds. While the U.S. has never defaulted on its a debt and a last-minute deal to salvage the situation is considered likely, Circle isn't alone in shunning Treasurys that mature after the X-date.

Source

https://t.me/Crypto_Futures_Trading Open / Comment

2023-05-12 07:03:02 Lido V2 Almost Completed Important Audit Process

Lido DAO has invested a lot of energy in security issues and conducted 9 independent V2 audits, according to the liquid staking Lido agreement announced on social media. Thus far, eight of the nine V2 audits have been completed. The audit findings have been published, and all problems have been verified or resolved (e.g. blockchain finalization and claim process, oracle reporting and security checks, overall code consistency, NFT withdrawal logic issues, Vyper compiler bugs, etc.,).

The audits found and allowed the remediation of withdrawal finalization and claim process problems, Oracle reports and safety checks, overall code consistency, and withdrawal NFT logic concerns. The Lido DAO governance is also debating a proposal to restore cash that ended up in its execution layer rewards vault after a SushiSwap assault that resulted in a $3.3 million loss last month. The bulk of the cash was lost due to Michael Patryn, also known as Omar Dhanani, an accused serial fraudster and co-founder of QuadrigaCX, which is now insolvent. ChainSecurity (Pre-V2 + StakingRouter), SigmaPrime, MixBytes Camp, Hexens, StateMind (GateSeal), StateMind, Certora, and others are among those taking part in the audit.

Source

https://t.me/Crypto_Futures_Trading Open / Comment

2023-05-11 22:30:36 $SPONGE
The Krabby Patty of Memecoins!
Missed $PEPE? Get Sponge and Absorb the Damp!

FEATURES:
Faster growth than $PEPE
11,000+ Holders
Liquidity Locked
Contract Renounced
61% Supply Circulating
29% Supply Locked for 2 years
98/99 DEXTscore

Trending On DEXTools
5K Meme contest LIVE
Airdrop LIVE

Listed on:
LBANK - UNISWAP - CoinW - POLONIEX - BTCEX - MEXC Global
Coming on 12th May:
Bitget - Gate.io

BUY $SPONGE NOW!
http://tinyurl.com/DEXSPONGE

TOKENOMICS
Name: Spongebob
Ticker: $SPONGE
Max Supply: 40,400,000,000
Tokens Secured By Team Finance

All our links:
- https://sponge.vip/
- http://tinyurl.com/DEXSPONGE
- https://discord.com/invite/mufWAZVEhM
- https://t.me/Spongeoneth
- https://bit.ly/SPONGEMEXC

Article:
- https://bit.ly/SPONGEE Open / Comment

2023-05-11 12:15:13 #BTC Yesterday there was a fakeout at $27850, and it can also fakeout at $27k. The price did not end up breaking either of the boundaries of the narrow range. It only broke local positions in both directions.

It is important to see fixation above or below one of the levels.

There is also potential convergence according to RSI, and there is room to move downwards to ±$26850.

Apart from that, everything is the same as I wrote before. No changes.

https://t.me/Crypto_Futures_Trading Open / Comment

2023-05-11 09:10:06 OKX Transfers Whopping $60M To Alameda’s Crypto Wallet

According to data from Arkham Intelligence, OKX sent over $60 million worth of crypto assets to the wallet of bankrupt Alameda Research in the last five hours. This was accomplished through 16 transactions, which included 10 deposits of $5 million USDT and 337,859 MASK (roughly $1.30 million). It’s worth noting that OKX has promised to cooperate with FTX debtors and law enforcement officials to return any funds linked to the bankrupt firm on its platform.

Moreover, during the last seven days, the Alameda wallet has received over 1 million Stargate tokens (STG) and over 5 billion units of the GPEPE meme coin from an unknown wallet. This is quite interesting considering that Alameda’s largest crypto holding was $61.40 million USDT, with other top holdings being 100 million BitDAO tokens worth $48.61 million, 19,292 Ethereum (ETH) worth $26.5 million, $12.35 million USDC, 28.9 million Stargate tokens worth $18.43 million, and 16.39 million Polygon tokens worth $14.63 million. The firm also holds altcoins like Lido (LDO), FTX Token (FTT), Serum (SRM), among others. Overall, its crypto assets are worth $285.86 million.

Source

https://t.me/Crypto_Futures_Trading Open / Comment

2023-05-10 09:24:02 a16z And Blockchain Association Criticizes SEC Tightening Crypto Custody

A proposal by the US SEC to tighten crypto custody rules has been met with opposition from two major industry organizations, a16z, and the Blockchain Association. On May 8, the Blockchain Association, an advocacy body for the crypto industry, sent a letter to the U.S. Securities and Exchange Commission (SEC) criticizing the proposed changes to the U.S. Securities and Exchange Commission (SEC) with its governing rules. Venture fund Web3 Andreessen Horowitz (a16z) sent a similar letter three days ago.

Blockchain Association policy attorney Marisa Tashman Coppel tweeted on May 8 that the SEC’s proposed rule would “dramatically reduce investment in digital assets,” claiming that in its current form, the regulation This rule is “illegal.” In the letter, the Blockchain Association offered more than a dozen separate arguments to refute the SEC. In other statements, it said the rule was beyond the control of the SEC and would prohibit advisors from dealing with crypto exchanges and expose investors’ assets to greater risk. The same day, a16z General Counsel Miles Jennings tweeted her letter to the SEC, saying the company “didn’t speak vaguely” and calling the SEC’s proposal a “misguided and transparent attempt to wage war on crypto.”

Source

https://t.me/Crypto_Futures_Trading Open / Comment

2023-05-09 11:48:54 #BTC I wouldn't take a long position here. I would only consider a long position, should the price rise above $27850. Then this whole thing would be considered a fakeout and the way up would open again.

However, if the price continues to decline and falls below $27k, we can expect further downside.

https://t.me/Crypto_Futures_Trading Open / Comment

2023-05-09 06:46:02 Sam Altman’s Worldcoin rolls out app as token launch looms

Worldcoin, the eyeball-scanning crypto project co-created by OpenAI’s Sam Altman, today announced the launch of a self-custodial mobile app. The so-called World App gives users a way to manage their World ID, a tool for proving personhood online, alongside a range of cryptocurrencies — including BTC, ETH, DAI, USDC abd Worldcoin’s hotly anticipated token — once it launches. Even in testing, the app has accrued 1.5 million users and logs 60,000 transactions on a typical day, the company said.

Developed by Tools For Humanity, Worldcoin’s lead software contributor, the launch of the app comes a few months after the unveiling of World ID, the identity protocol that underpins the Worldcoin project. Momentum appears to be building towards the launch of Worldcoin’s token, which it has said previously will go live in the first half of this year. Users can claim their share of the coin by getting scanned by a Worldcoin orb. The World app, which had been in testing in a small number of locations, is now available for download in over 80 countries. It employs a minimalist design “with only the essential functionalities of the Worldcoin and Ethereum ecosystems,” according to the announcement.

Source

https://t.me/Crypto_Futures_Trading Open / Comment

2023-05-08 12:46:02 Americans Lead the Memecoin Craze in 2023

According to CoinGecko research, the residents of the United States seem the most interested in memecoins such as Dogecoin (DOGE), Shiba Inu (SHIB), Floki Inu (FLOKI), and Pepe Coin (PEPE). India and the United Kingdom rank respectively second and third. Despite being the first memecoin, DOGE has lost its leading position in numerous countries. Morocco is the only nation in the top 10 where Elon Musk’s favorite digital asset captured the most interest.

CoinGecko’s study estimated that over 23% of the global interest towards memecoins comes from the USA. The most popular such asset for locals is Shiba Inu (60.7%), followed by Pepe Coin (11.8%), Bonk, and Volt Inu. Indians are close to the top, accounting for 20.3% of the overall craze. Shiba Inu is once again the token that generates the mhttps://images.pexels.com/photos/921259/pexels-photo-921259.jpeg?cs=srgb&dl=pexels-brett-sayles-921259.jpg&fm=jpgost interest, whereas Baby Doge Coin comes in second place. The United Kingdom – the only representative from Europe on the top 10 list – ranks third, making up about 16% of the global interest in memecoins. However, CoinGecko did not outline which assets are most desirable for Britons. Floki Inu (FLOKI), which has been up by over 300% YTD.

Source

https://t.me/Crypto_Futures_Trading Open / Comment

2023-05-08 12:28:24 #BTC Price has dropped again, taking a confident downward trend. It has currently stopped at the support level of $28k. And if it breaks through this level, it will easily break through $27k as well.

But, as long as the level holds, I don't expect the price to reach my averaging orders. It is likely to see $31k before $25k - $26k.

https://t.me/Crypto_Futures_Trading Open / Comment