todays markets
market news
🫰🏼dow adds 100 points to snap 3-day losing streak as treasury yields ease from 16-year highs.
🐵SEC loses again—appeal of landmark ripple ruling rejected.
🏦ripple says singapore license formally approved as a major payments institution.
🪄friend.tech users blame SIM swaps after more than 100 ETH drained in a week.
🤑MEXC ventures makes eight-figure investment in toncoin and launches strategic partnership with TON foundation.
crypto fear and greed index
trooperResearch: Toncoin📚
telegram, widely recognized for its messenger service, extended its reach into the blockchain domain with the introduction of TON. this blockchain platform, initially branded as the "telegram open network" in 2018, aimed to provide a range of decentralized services, from storage solutions to a distinct naming system. though telegram's direct involvement with the project diminished, the relevance of toncoin (previously gram) hasn't.
under the guidance of the TON foundation, the project found new direction and underwent rebranding as "the open network." designed with the intent to improve transactional processes, TON also places emphasis on decentralized storage, focusing equally on security and utility. as the crypto landscape continues to evolve, both toncoin and the TON network represent notable developments in the realm of blockchain technology.
around the X-verse… (formerly the twitterverse)
gotta know when to hold-em, know when to fold em 😎…
SoFi leading layer1 network effects 🕵🏼…
FTX redemption arc…?$$$! 🤑…
trade ideas
trade: long XAU/ USD
gold has recently experienced substantial downward momentum, drawing attention to a pivotal region around ~1800-1820.
momentum seems to be decelerating at this juncture, suggesting a potential influx of buyers. notably, this same level was indicative of a market reversal earlier this year, culminating in 2023's lowest point.
traders could consider initiating a LONG position here, with potential target the prior support level, and now possible future resistance at ~1885.
#NFA #DYOR
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