FOMC preview: Brace for impact

As the upcoming FOMC meeting looms tomorrow, July 26, anticipation builds up around the Federal Reserves projected interest rate hike of another 25 basis points.  Market estimates attribute a near-certainty to this adjustment, assigning it a 99% probability. This increment would bring the federal funds rate to a range between 5.25 and 5.50 percent, aligning it with the peak rate witnessed in 2008.  Don Johnson‘s analysis suggests an unprecedented trajectory of the Federal Reserve’s actions in the current cycle. In his assessment, the rate hikes during this period have surpassed those implemented in earlier cycles, specifically those in 2018, 2006, 2000, 1995, 1989, 1987, 1984, 1982, and 1960.  The table below provides a comparative perspective on previous rate hiking schedules, showcasing the intensity and speed of the current rate hikes.  One of the most pressing concerns is whether the economy, laden with considerable debt, can withstand these swift and substantial adjustments.  Fed Hiking: (Source: Federal Reserve)

2023-07-26Industriya

Trader Makes Dogecoin (DOGE) Prediction Amid Elon Musk’s Twitter Rebrand – Here’s His Outlook

A widely followed crypto analyst is predicting that Elon Musk will spark a big Dogecoin (DOGE) move after he completes a rebrand of Twitter.  Pseudonymous analyst na si Kaleo nagsasabi his 594,000 Twitter followers that he believes Musk will soon integrate Dogecoin into the popular microblogging platform.  Kaleo predicts in the next several weeks, Elon Musk will announce plans for some type of integration of DOGE into the social media platform, echoing similar rumors from earlier this year.  Pati si Kaleo sabi ni that the Dogecoin against Bitcoin (DOGE/BTC) chart appears bullish after a breakout through a long downward resistance. In the shorter term, he says that Dogecoin will likely soon see a small market correction before it resumes an upward trend.  Pinagmulan: Crypto Kaleo/Twitter  kaleo hinuhulaan that DOGE will eventually reclaim the $0.10 level and beyond.  Dogecoin is trading for $0.0774 at time of writing, up 4.9% during the last 24 hours.

2023-07-26Industriya

Federal Reserve Bank of San Francisco Seeking ‘Crypto Architect’ for CBDC Project

The Federal Reserve Bank of San Francisco is looking for a senior crypto architect to perform research and development relating to a central bank digital currency (CBDC).  The Feds western regional bank posted a job ad for the position on LinkedIn and Indeed.  The San Francisco Fed says the senior crypto architect will serve as a lead application developer and “implement example systems related to a CBDC.”  The job will pay a minimum of $134,900 a year, according to the Indeed posting.  Its not the first CBDC-related job the central bank has looked to fill. The San Francisco Fed also posted a job ad for a CBDC product manager three weeks ago and was looking for a digital currency senior application architect in February. That latter position appears to have been filled.  Just last week, the Fed officially launched its new instant payment infrastructure, FedNow. The bank sabi ni on Twitter that the service is not related to a central bank digital currency (CBDC) and is not a step toward eliminating cash.  Federal Reserve Chair Jerome Powell has said in testimony to the House Financial Services Committee in March that the Fed would require Congressional approval to implement a digital currency.

2023-07-26Industriya

Alphapos Hacked Funds Reportedly Reach $60 Million

The losses incurred by crypto payments processor Alphapo during its security breach are now estimated to be $60 million, roughly two days after hackers exploited the platforms hot wallets.  Ayon sa isang update nakalaan by on-chain sleuth ZachXBT, an additional $37 million compromised during the hack on Tron and Bitcoin has been located, increasing the initial estimate of $23 million to $60 million.  Alphapos Hack Estimated to $60M  Alphapo is a payments processor for crypto-related gambling platforms such as HypeDrop, Bovada, and Ignition. The platforms hot wallets were pinatuyo on July 23, with the attackers stealing over $23 million. The hackers managed to gain control of users crypto assets on several blockchains, including Bitcoin, Ethereum, and Tron.  Blockchain security firm na PeckShield isiwalat that the assets stolen were approximately 6 million USDT, 108,000 USDC, 2,500 ETH, 1,700 DAI, 100 million FTN, 430,000 TFL, and an undetermined amount of BTC. The hackers swapped the stablecoins and other tokens for over 5,730 ETH before bridging them to Avalanche and Bitcoin.  ZachXBT said the hack appeared to have been perpetrated by the infamous North Korea-linked hacker group Lazarus due to their “very distinct” on-chain fingerprint. Lazarus Group is believed to be behind cryptos largest hack involving the Ronin

2023-07-26Industriya

Baby Doge Coin Scores 99 Out of 100 on ApeSwaps Liqudity Health Test, Ranks First Among Meme Coins

the meme coin created as a fun parody of , has achieved an impressive score of 99 out of 100 on crypto platform ApeSwaps liquidity health test. This puts Baby Doge at the top ranking among meme coins for liquidity health, a key indicator of the overall strength and sustainability of a cryptocurrency project.  Cryptos first ever industry credentialing and risk rating system leveraging entirely on-chain liquidity data has arrived! ?  $BABYDOGE scored an impressive Liquidity Health Score of 99/100, making it the best score in meme coins.  ⬇️ Full Liquidity Health Report…   — ApeSwap (@ape_swap) Hulyo 22, 2023  A Near Perfect Score for Liquidity  ApeSwap‘s liquidity health dashboard analyzes various metrics related to a token’s liquidity pools, which allow people to easily buy and sell the token. The three main factors that contribute to the overall liquidity health score are strength, ownership and concentration.  Baby Doge scored a perfect 100% on both strength and ownership. This means its liquidity pools contain optimal levels of “hard assets” like stablecoins, and almost all of its liquidity is owned by the Baby Doge protocol itself rather than third parties. The concentration score was 99%, indicating its liquidity is nicely spread across different trading pairs and decentralized exchanges.  The result

2023-07-26Industriya

Fidelity is bullish on Ethereum for the long term

Ethereum  Fidelity is bullish on Ethereum for the long term  5 segundo ang nakalipas  Balita ng Ethereum ng Bitcoin  Fidelity likes Ethereum as burn rate now exceeds issuance.  ETH continues to be the largest holding in investors portfolios.  Ether is currently up more than 50% versus the start of the year.  Ethereum is already up more than 50% for the year at writing but Fidelity Digital Assets still remains bullish on the premier altcoin for the long term.  Why does Fidelity like Ethereum?  The crypto platform that caters to institutional investors is constructive on Ether primarily because its burn rate now exceeds issuance.  Since the “Merge”, the net supply has declined by more than 700,000 coins, as per the firms recently published Q2 2023 Signals Report.  Fidelity also drives optimism from an increase in active Ethereum validators of 15% in the second quarter. The excitement around EIP-1153 update that promises lower costs and better efficiency will help unlock further upside in ETH, the firm added.  “New Address Momentum” was among other reasons cited for the positive long-term view on Ether.  Could ETH ever be bigger than BTC?  Separately, a recent CryptoVantage survey suggested about 46% of Americans expect Ether to eventually surpass Bitcoin in market capitalisation. The said study saw participation from 1,000 Americans

2023-07-25Ethereum

Will ETH Price regain the $2K mark?

Ethereum  Will ETH Price regain the $2K mark?  2 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Ethereum Price Prediction is bullish for the long term and suggests a 10% to 15% rise is possible if certain conditions are met. ETH crypto price sustained above the 200-day EMA showcase the trend is in an upward direction.  Ethereum Price seems to be stuck in the range between $1800.00 to $2000.00. It performed well in the past few months and attempted to break the $2000.00 hurdle. Sadly, the attempts failed and prices remain in range.  The buyers in ETH crypto trying to defend the 50-day EMA support to keep the short-term trend in an upward direction. However, the seller looks strong so more downside is possible.  In the mid of June, ETH price breakout of the $1800 hurdle with a strong buying volume. Later, slow and steady prices reached $2000 and created positive hope for the bulls.  Presently, the ETH Prices seem to be in the correction phase and might test $1800.00. Ethereum Price is trading at $1848 with an intraday decline of 2.12%. The 24-hour volume to market cap is 2.70%.  Will Ethereum Price bounce back or decline further?  Ethereum Price remains bullish for the long term till it sustains above

2023-07-25Ethereum

Bitcoin HODLers Reach 75% Of Circulating Supply As Glassnode Reports New ATH

Bitcoin  Bitcoin HODLers Reach 75% Of Circulating Supply As Glassnode Reports New ATH  Balita ng Ethereum ng Bitcoin  Pangunahing puntos:  Glassnode reported a new all-time high of 14.52M BTC in long-term holder supply, suggesting HODLing is preferred. Tighter 30-day price range, the potential for volatile movement, and a recent price drop of -1.11M BTC to $29K. Bitcoin block 800,000 just mined.  Kamakailan lamang, glassnode, an on-chain analysis platform, reported that the Bitcoin Long-Term Holder Supply has reached a new all-time high of 14.52 million BTC, which is equivalent to 75% of the circulating supply. This suggests that the preferred market dynamic amongst mature investors is HODLing.  In addition, only 484 out of 114,055 trading hours (0.42%) have recorded a tighter Bitcoin 30-day price range. This suggests that the likelihood of severe volatile price movement is enhanced.  The recent BTC spot price movement from $30,263 to $29,201 has sent -1.11 million BTC (-5.9%) into an underwater position. This places the current percent supply in profit at 70.4% (13.45 million BTC). At the time of writing, Bitcoin has witnessed a significant drop to $29K, about 5% over the last 24 hours.  Ayon sa Santiment, Bitcoin has rebounded above $30k last weekend, and its recommended to keep an eye on the

2023-07-25Bitcoin

Privacy-Centric Ethereum Altcoin Could Get Boost From This Bullish Signal: Analytics Firm Santiment

crypto  Ethereum  Privacy-Centric Ethereum Altcoin Could Get Boost From This Bullish Signal: Analytics Firm Santiment  Balita ng Ethereum ng Bitcoin  An altcoin used for a privacy-focused internet browser could receive a shot in the arm from a recent bullish signal, according to crypto insights firm Santiment.  Santiment says that Basic Attention Token (BAT), which is used as a rewards-based cryptocurrency for the Brave Browser, could rally on the back of recent social media buzz.  Santiment shares data showing a rise in social dominance for the terms “BAT,” “browser” and “brave.”  Source: Santiment / Twitter  BAT is trading at $0.207 at time of writing, trading mostly sideways over the last week.  Santiment also has its radar locked on the peer-to-peer payments network Litecoin (LTC) ahead of its highly anticipated halving event. The firm says that Litecoin bulls have been rapidly accumulating coins as addresses that own at least 100 LTC have been on the up and up.  Source: Santiment / Twitter  Sa oras ng pagsulat, ang Litecoin ay nakikipagkalakalan para sa $92.65.

2023-07-24Ethereum

Azuki Floor Price Crashes Below 5 ETH, Down 21% in 7 Days

Opensea market data reveals that the floor price of Azuki has taken a significant hit, falling below 5 ETH. This sharp decline marks a new low for the digital asset in the current year, raising concerns among investors and traders.  The floor price of any cryptocurrency refers to the lowest price at which it is currently being traded in the market. For Azuki, a popular and promising crypto asset, the floor price acts as a key indicator of its overall market health and attractiveness to potential buyers. However, the recent plunge of 21% in just seven days has sent shockwaves throughout the crypto community.  The news of Azuki‘s floor price dipping below 5 ETH came as a surprise to many investors who had placed their trust in the token’s performance. The decline has prompted heated discussions on online forums and social media platforms, with investors expressing their concerns and speculating on the reasons behind this sudden downturn.  Some analysts attribute the drop to a combination of factors, including the broader market sentiment and potential regulatory challenges in the cryptocurrency space. Market sentiment can heavily influence the performance of digital assets, and any negative perception can trigger a downward spiral in prices.  Despite the concerning

2023-07-24Ethereum
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