Pujaraniquen

@pujaraniquen

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Solana’s technical indicators are hinting at a lack of buyer participation. The Chaikin Money Flow (CMF) on the four-hour chart has been oscillating in the negative region since early this week. This trend indicated persistent selling pressure and a lack of adequate buyer interest to absorb the tokens that have been dumped into the market. The weak buying momentum around SOL is also seen in the Relative Strength Index (RSI). The index was at 33 at press time, meaning that a bearish momentum was at play. The RSI has been forming lower lows over the past week, showing bears have the upper hand. However, the RSI line was now attempting to make a bullish crossover above the signal line. The potential crossover has also coincided with two consecutive green candles after the price bounced after testing multi-month support at $138. Solana has held this support level since mid-August.

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What does this mean though? Well, not much. For Donald Trump, cryptocurrencies are merely a means to an end – The Presidency. He understands that many crypto holders right now are single issue voters, many of whom are not happy with the Biden administration’s almost antagonistic position against the crypto-space. While Trump personally might still be uncommitted or clueless (Which isn’t exactly a stretch) about crypto, he understands the value of crypto-holders and the monetary might they can bring to the table. This is why Trump’s campaign has used the community’s skepticism of Biden to its advantage. That is the reason why crypto execs are meeting the Former President at his Mar-a-Lago estate, while also promising to raise over $100 million for his campaign.

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XRP Price Shows Short-Term Uptrend Ahead of Closed-End Meeting Between Ripple and SEC Some crypto community members believe that Ripple and the Securities and Exchange Commission (SEC) could announce a settlement as early as July 25. The SEC will hold a closed-end meeting on that day, with topics including “organization and settlement of administrative proceedings, resolution of lawsuits, and other matters related to examinations and enforcement proceedings.” In anticipation of the upcoming meeting of Ripple project representatives with regulators, the price of XRP is growing within the ascending channel. The relative strength index (RSI) on the 12-hour chart is above the neutral mark of 50 (59.02 at the time of writing). This indicates the prevalence of buying activity among market participants. This RSI value shows that traders are actively accumulating tokens in anticipation of a favorable outcome of the upcoming meeting.

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From a crypto standpoint, this is a positive development — and an extension of Trump’s pro-Bitcoin rhetoric. Back in 2022, Vance had disclosed that he held between $100,000 and $250,000 worth of BTC, meaning it’s fair to say he’s a believer. Videos on X have also shown Vance criticizing Gary Gensler, the chair of the U.S. Securities and Exchange Commission, for his heavy-handed approach when regulating digital assets.

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After a shocking assassination attempt on Saturday, a defiant Donald Trump has returned to the campaign trail — and was pictured with a bandaged ear while attending the Republican National Convention in Wisconsin. Now formally nominated as the party’s nominee in November’s presidential election, his first order of business was to select a running mate. Trump duly announced that Ohio senator JD Vance would be his vice presidential pick.

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Fitness trainer Yegor Khodyrev revealed the secret of Russian push-ups. His words are quoted by “Championship”. Khodyrev stated that this is a variation of dips to work the upper body. He emphasized that when performing the exercise, the pectoral, latissimus, triceps and deltoid muscles work most actively. “The exercise allows you to train with your own body weight and progress well without additional equipment,” the trainer added. To perform the exercise, you need to rest your palms on the bars, bring your shoulder blades together and lower them down. As you inhale, you need to bend your arms at the elbow joints and tilt your body back and down so that your arms are stretched along the bars. As you exhale, use your back muscles to pull your body toward your palms, transferring your body weight to your hands.

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The tax agency first published new proposed regulations on tax reporting requirements for cryptocurrency brokers in August 2023, stoking fears that ambiguous language could harmfully impact many parts of the crypto industry from wallet providers to decentralized exchanges. “Good news: They agree that custodial brokers are, well, brokers,” Coin Center Chief Communications Office Neeraj Agrawal said in a post on X. “Our concern is whether or not a self-custodial application (like a DEX) that is just code with no central authority would be considered a broker too.” In other words, exchanges like Kraken and Coinbase will be subject to the new rules, which will go partially into effect in 2025. However, rules that would have imposed potentially impossible and privacy-invasive reporting and KYC requirements on decentralized, non-custodial protocols will wait and see.

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I think it’s the fundamental human desire to put money on opinions, so the interest in prediction markets has always existed. However, prediction markets in Web3 are different from Web2 because they experience more pronounced cycles. Major events, like elections or the World Cup, drive activity across all prediction markets, especially in Web3. Stefan George, co-founder and chief technology officer of Gnosis The current bull market has brought heightened attention and significant financial resources to prediction markets, making them more attractive to participants. Elections, particularly those in the United States, have historically been a major driver of prediction market activity. However, the dependence on a single event highlights a potential weakness – a lack of diversification. Ideally, the market would offer a wider range of engaging events. Rossen, core contributor at Azuro protocol Compared to earlier years, the blockchain space has matured significantly.

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BTC/USD hit its lowest levels since the start of May this week — and those old lows are now firmly in focus within trading circles. Market pressure is likely to increase through the end of the week, Material Indicators predicts — not least due to the weekly, monthly and quarterly close all coming on a single day. Should bears gain the upper hand, the $56,500 level from seven weeks ago will form the floor of a bottoming zone that buyers need to defend. “So far, Bitcoin seems to be recovering nicely from this week’s mini flush,” co-founder Keith Alan commented alongside a chart from one of Material Indicators’ proprietary trading tools.

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