todays markets
market news
🫰🏼nasdaq snaps four days of losses as 10-year Treasury yield retreats from 5%.
💚michael saylor's $4.7B bitcoin bet with holdings of microstrategy (MSTR) back in the green.
💳uniswap visa card proposal is facing opposition among UNI token holders.
💔crypto traders suffer over $100M of short liquidations as bitcoin hits 3-month high over $31K.
🏃🏼♂️blackrock plans to seed its spot bitcoin ETF in october.
crypto fear and greed index
trooperGlossary: staking 📚
in the realm of cryptocurrency, 'staking' refers to the act of locking up a portion of your tokens in a digital wallet to support the operations of a blockchain network. unlike traditional mining in proof-of-work systems, staking relies on a proof-of-stake (PoS) mechanism.
by participating, you help the network validate transactions and maintain security. in return, stakers often receive additional tokens as a form of reward, similar to how interest works in a traditional savings account.
this process not only enhances network efficiency but also provides an incentive structure that encourages token holders to actively participate in network governance.
around the X-verse… (formerly the twitterverse)
ready, set, go 🏎️…
takeoff ✈️…
🐻s get smoked…
trade ideas
trade: long ETH/ USD
since August, ethereum has been locked in a trading range between approximately ~1,530 and 1,730. recently, the price has surged past this resistance, signaling a potential breakout.
the trade idea is to initiate a LONG position, possibly targeting the significant resistance level at around ~2,000. this mark has served as a formidable barrier for over a year, with the price unable to breach it despite multiple attempts.
should the price retract back into the previous trading range, it could invalidate the bullish thesis, warranting an exit from the position.
#NFA #DYOR
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