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๐Ÿš€ Binance Futures Launches MORPHOUSDT and CHILLGUYUSDT Perpetual Contracts

Binance Futures expands its trading options by launching MORPHOUSDT and CHILLGUYUSDT perpetual contracts. Traders can access these contracts with up to 75x leverage, enabling advanced strategies with greater flexibility.These contracts are available starting November 27, 2024, with trading kicking off at:14:30 UTC for MORPHOUSDT.14:45 UTC for CHILLGUYUSDT.Contract SpecificationsContractMORPHOUSDTCHILLGUYUSDTLaunch Time2024-11-27 at 14:30 UTC2024-11-27 at 14:45 UTCUnderlying AssetMorpho (MORPHO)Just a Chill Guy (CHILLGUY)Settlement AssetUSDTUSDTTick Size0.00010.0001Funding Rateยฑ2.00%ยฑ2.00%LeverageUp to 75xUp to 75xTrading Hours24/724/7Multi-Assets ModeSupportedSupportedFunding and Settlement DetailsFunding rates are capped at ยฑ2.00%, with settlements every four hours.Multi-Assets Mode allows margin trading using multiple assets, including BTC.Key Features and ConsiderationsEnhanced Flexibility with Multi-Assets ModeBinance's Multi-Assets Mode enables users to trade these perpetual contracts using various margin assets. For instance, BTC can serve as collateral for MORPHOUSDT and CHILLGUYUSDT trades.Dynamic Contract AdjustmentsBinance may adjust contract specifications based on market conditions, such as:Funding fee caps.Tick sizes and leverage limits.Margin requirements.Spot vs. Futures ListingsIt's essential to note that token listings on Binance Futures do not guarantee their availability on Binance Spot markets.

#Binance #Futures #MORPHOUSDT #CHILLGUYUSDT #PerpetualContracts #Trading #Leverage #MultiAssetsMode #FundingRate #Cryptocurrency
๐Ÿš€ Bitcoin's Evolution And Future Potential Discussed By Developer

According to Cointelegraph, Bitcoin has evolved significantly since its inception on October 31, 2008, transforming from a novel concept into a multitrillion-dollar asset that is reshaping financial institutions' perspectives on money. Despite its remarkable journey, many believe Bitcoin (BTC) still has untapped potential.

In a recent episode of The Agenda podcast, hosts Ray Salmond and Jonathan DeYoung spoke with Jeff Garzik, co-founder of Hemi, about his experiences as a Bitcoin developer and the digital asset's early days. Garzik shared insights into how Hemi aims to enhance Bitcoin's functionality by bridging its ecosystem with Ethereum.

Bitcoin has established itself as a reliable medium of exchange and store of value. However, its integration into decentralized finance and applications lags behind Ethereum and Solana. Garzik highlighted that transaction costs during network congestion and code differences pose challenges to Bitcoin's growth in these areas.

Garzik explained that Hemi is focused on Bitcoin's "upward trajectory," where rollups, layer 2 solutions, and other transaction processing methods become standard options. He described this as "the next stage of evolution for Bitcoin," allowing it to scale across multiple dimensions and enhance programmability while maintaining its core identity.

Beyond its market value, Garzik emphasized that Bitcoin represents the positive impact of open-source technologies on daily life. Reflecting on his early days as a Bitcoin developer, he recalled concerns about potential legal repercussions, such as violating the Stamp Payments Act of 1862, and the challenge of convincing people to accept BTC as payment.

Garzik's conversation on The Agenda podcast delves into his vision for Bitcoin's future and shares intriguing stories from its formative years. For more insights, listeners can access the full episode on Cointelegraphโ€™s Podcasts page, Apple Podcasts, or Spotify.


#Bitcoin #BTC #Blockchain #Cryptocurrency #DeFi #Ethereum #Hemi #Developer #Podcast #OpenSource #Finance #DigitalAsset #Layer2 #TransactionProcessing #MarketValue #FuturePotential #ETH #SOL
๐Ÿš€ US Third Quarter Economic Indicators Show Slight Adjustments

According to Odaily, the United States' economic indicators for the third quarter have shown minor adjustments. The Personal Consumption Expenditures (PCE) Price Index annualized quarterly revision stands at 1.5%, consistent with the previous figure. Meanwhile, the Core PCE Price Index annualized quarterly revision is reported at 2.1%, slightly below the anticipated 2.2% and the prior value of 2.20%.

Additionally, the actual personal consumption expenditures for the third quarter have been revised to a quarterly rate of 3.5%, falling short of the expected 3.7% and the previous figure of 3.7%. The real Gross Domestic Product (GDP) annualized quarterly revision remains steady at 2.8%, aligning with both the forecast and the prior value of 2.80%. These figures reflect the ongoing economic conditions and adjustments within the United States for the third quarter of the year.


#US #EconomicIndicators #ThirdQuarter #PCE #GDP #ConsumptionExpenditures #EconomicAdjustments
๐Ÿš€ U.S. Unemployment Claims And GDP Figures Released

According to PANews, recent data reveals that the number of initial unemployment claims in the United States for the week ending November 23 was reported at 213,000. This figure slightly undercuts the anticipated 216,000 claims, while the previous week's number was adjusted from 213,000 to 215,000.

In addition to unemployment figures, the U.S. Department of Commerce released revised data for the third quarter's real GDP annualized growth rate. The revised figure stands at 2.8%, aligning with both the forecast and the previous estimate of 2.8%. These statistics provide insight into the current economic conditions, reflecting a stable growth trajectory for the U.S. economy during the third quarter.


#UnemploymentClaims #GDP #USEconomy #EconomicGrowth #JobMarket
๐Ÿš€ ๐Ÿ”ฅ U.S. Q3 GDP Holds Steady at 2.8%, Core PCE Revised to 2.1%, Jobless Claims Beat Expectations ๐Ÿ”ฅ

According to Bureau of Economic Analysis: The U.S. Bureau of Economic Analysis (BEA) has released its revised figures for the third quarter of 2024, indicating that the annualized real Gross Domestic Product (GDP) growth rate remains at 2.8%, consistent with both prior estimates and market expectations.In addition, the annualized quarterly rate of the core Personal Consumption Expenditures (PCE) price index for Q3 has been adjusted to 2.1%, slightly below the anticipated 2.2% and the previous estimate of 2.2%.Furthermore, the U.S. Department of Labor reports that initial jobless claims for the week ending November 23 totalled 213,000, marginally lower than the forecasted 216,000.These figures suggest a steady economic growth trajectory with moderate inflation pressures, alongside a labor market that continues to exhibit resilience.

#GDP #PCE #JoblessClaims #EconomicGrowth #Inflation #LaborMarket #USEconomy
๐Ÿš€ Bitcoin(BTC) Surpasses 94,000 USDT with a 1.70% Increase in 24 Hours

On Nov 27, 2024, 13:56 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 94,000 USDT benchmark and is now trading at 94,011.320313 USDT, with a narrowed 1.70% increase in 24 hours.

#Bitcoin #BTC #USDT #cryptocurrency #Binance #marketdata #trading #increase
๐Ÿš€ Ethereum(ETH) Surpasses 3,500 USDT with a 5.71% Increase in 24 Hours

On Nov 27, 2024, 14:00 PM(UTC). According to Binance Market Data, Ethereum has crossed the 3,500 USDT benchmark and is now trading at 3,501.550049 USDT, with a narrowed 5.71% increase in 24 hours.

#Ethereum #ETH #USDT #Binance #cryptocurrency #priceincrease
๐Ÿš€ Ethereum Surpasses 3500 USDT With Significant 24-Hour Increase

According to Odaily, Ethereum (ETH) has experienced a notable surge in its market value, surpassing the 3500 USDT mark. As of the latest update, ETH is trading at 3502.19 USDT, reflecting a 24-hour increase of 5.75%.

This upward movement in Ethereum's price highlights a significant shift in the cryptocurrency market, drawing attention from investors and analysts alike. The increase in value is indicative of growing interest and confidence in Ethereum, which continues to be a major player in the digital currency space. Market participants are closely monitoring these developments, as fluctuations in Ethereum's price can have broader implications for the cryptocurrency market as a whole.

The recent price movement of Ethereum underscores the dynamic nature of the cryptocurrency market, where prices can change rapidly due to various factors including market sentiment, technological advancements, and regulatory developments. As Ethereum continues to evolve, its price trajectory remains a focal point for those involved in the digital asset industry.


#Ethereum #ETH #Crypto #Cryptocurrency #MarketSurge #DigitalCurrency #InvestorInterest #PriceIncrease #MarketTrends #Blockchain
๐Ÿš€ Tether Ends Support For Euro Stablecoin Amid Regulatory Changes

According to PANews, Tether has announced the discontinuation of its euro stablecoin, EURโ‚ฎ, ceasing the processing of new minting requests since 2022. This decision comes in response to the increasingly complex regulatory environment surrounding stablecoins in Europe. Tether is shifting its focus to support new projects, such as the introduction of new stablecoins EURQ and USDQ, developed in collaboration with Quantoz Payments and compliant with MiCAR regulations.

Tether aims to provide efficient and compliant support for asset issuance, including stablecoins, through its technology platform, Hadron. Existing EURโ‚ฎ users are advised to complete redemption operations by November 27, 2025. This strategic move reflects Tether's adaptation to the evolving regulatory landscape and its commitment to aligning with new compliance standards in the European market.


#Tether #EuroStablecoin #EURt #RegulatoryChanges #Stablecoins #MiCAR #QuantozPayments #Hadron #Compliance #CryptoNews
๐Ÿš€ U.S. Commerce Secretary Highlights AI's Impact On Job Market

According to PANews, U.S. Commerce Secretary Gina Raimondo addressed the inaugural meeting of the International AI Safety Institute Network, emphasizing the unprecedented nature of artificial intelligence technology and its potential to significantly disrupt the job market. Raimondo stressed the importance of ensuring the safety of AI systems before their deployment, highlighting the necessity for rigorous testing and evaluation. She called for the establishment of international best practices for AI safety as an urgent priority.

Over the past year, progress has been made in promoting AI safety, with new initiatives now in place that did not exist before. The International AI Safety Institute Network currently comprises ten members, with plans to expand its membership in the future. The U.S. Department of Commerce's AI Safety Institute is focused on identifying national and public safety risks associated with AI. A team of scientists and engineers is developing advanced methods for testing AI models both before and after deployment.

The institute prioritizes scientific excellence rather than acting as a regulatory body. Its goal is to ensure that government AI initiatives are both intelligent and cutting-edge, guided by scientific principles.


#AI #JobMarket #AIEthics #AIEssentials #AIDeployment #AIGovernance #InternationalAI #AIsafety #Commercesecetary #Innovation
๐Ÿš€ US AI Safety Institute Collaborates With OpenAI And Anthropic For Model Testing

According to Odaily, the United States Secretary of Commerce, Gina Raimondo, announced that the US AI Safety Institute is collaborating with OpenAI and Anthropic to conduct voluntary pre-deployment testing of artificial intelligence models. This initiative also involves cooperation with a UK safety institute to release the first joint government-level pre-deployment test of advanced AI models.

The primary objective of the AI Safety Institute is to support industry efforts in ensuring the safety of AI technologies without hindering technological progress. The organization emphasizes the importance of aligning AI developments with human interests and addressing the potential threat of widespread unemployment due to automation. By working with leading AI companies and international partners, the institute aims to establish a framework that balances innovation with safety, ensuring that AI advancements contribute positively to society.


#AISafety #OpenAI #Anthropic #ArtificialIntelligence #ModelTesting #USDepartmentofCommerce #GinaRaimondo #AICollaboration #TechSafety #Automation #Innovation #SocietalImpact
๐Ÿš€ BlackRock IBIT Sees Significant Pre-Market Trading Volume

According to Odaily, BlackRock's IBIT experienced a notable pre-market trading volume today, reaching $169 million. Of this total, 54% consisted of active buy orders, while 36% were active sell orders. This data, monitored by Trader T, highlights the significant trading activity surrounding BlackRock's IBIT, reflecting investor interest and market dynamics. The substantial volume indicates a strong market presence and potential shifts in trading strategies among investors. The figures suggest a predominance of buying interest, which could influence market trends and investor sentiment. Such trading patterns are crucial for understanding the current market environment and the factors driving investor behavior. The data provides insights into the trading landscape, offering a glimpse into the market's direction and the potential implications for future trading sessions. As the market continues to evolve, these trading volumes and order types will be key indicators to watch for assessing market movements and investor strategies.

#BlackRock #IBIT #TradingVolume #InvestorInterest #MarketTrends #TradingStrategies #MarketDynamics #InvestorBehavior #PreMarketTrading
๐Ÿš€ BNB Surpasses 630 USDT with a 1.67% Increase in 24 Hours

On Nov 27, 2024, 14:49 PM(UTC). According to Binance Market Data, BNB has crossed the 630 USDT benchmark and is now trading at 630.27002 USDT, with a narrowed 1.67% increase in 24 hours.

#BNB #USDT #Binance #cryptocurrency #trading #priceincrease
๐Ÿš€ Cardano Whales Accumulate 130 Million ADA Amid Price Dip

According to U.Today, Cardano (ADA) whales have acquired over 130 million ADA during a recent price decline, as reported by crypto analyst Ali Martinez. The price of ADA experienced a significant drop of nearly 20% earlier this week, falling from $1.0778 to $0.8743. Following this decline, the price began to recover and is currently valued at $0.984 per token. This buying activity has led to an increase in the total amount of wallets holding between 100 million ADA and 1 billion ADA, now totaling 3.2 billion ADA.

This strategic buying behavior by large investors indicates a calculated approach to capitalize on market fluctuations. By purchasing during temporary price declines, these investors aim to strengthen their positions at a more favorable cost basis. Such actions suggest that the recent price movements are part of a broader upward trend rather than the onset of a prolonged bearish phase. The impact of these purchases extends beyond immediate price changes, influencing market sentiment and reinforcing perceptions of strength within the Cardano market.

Since the beginning of November, the price of ADA has surged by 188.5%, reaching levels not seen since the spring of 2022. If the substantial whale buying reflects a prevailing bullish sentiment, Fibonacci projections suggest that the price of ADA could rise to $2.453 or even higher, potentially reaching $8.30. The previous all-time high for ADA stands at $3.10. This recent activity highlights the ongoing interest and confidence in Cardano's potential growth trajectory.


#Cardano #ADA #whales #priceDip #investment #bullish #crypto #marketSentiment #Fibonacci #growthTrajectory
๐Ÿš€ Ripple Co-Founder Arthur Britto's Enigmatic Role Highlighted

According to U.Today, the creation of the XRP Ledger, XRP, and Ripple involved three key figures: David Schwartz, Jed McCaleb, and Arthur Britto. While Schwartz and McCaleb are well-known in the media, Britto remains a mysterious figure, rarely appearing in the public eye. Recently, Britto's name resurfaced in a social media discussion when David Schwartz, Ripple's current Chief Technology Officer, responded to a question that had been unanswered for over three years. When asked if he was Britto, Schwartz clarified that he was not, emphasizing that Britto is a distinct individual who values his privacy. Schwartz humorously added that he is willing to take credit for Britto's ideas, as Britto does not mind.

Schwartz's comments shed light on the relationship between the Ripple founders and the challenges they faced. Jed McCaleb eventually left Ripple to establish Stellar (XLM), but the collaboration among the trio significantly influenced the digital asset landscape. Schwartz hinted at the difficulties Ripple encountered, particularly the tensions following McCaleb's departure. He cited issues such as corporate governance and differing priorities as contributing factors to the friction, highlighting the broader challenges in the cryptocurrency industry, where personal gain often conflicts with genuine innovation.

Arthur Britto, in contrast, has remained dedicated to his work, avoiding controversy and public attention. Schwartz acknowledged Britto's vital contributions to the XRP Ledger's development, noting that Britto's preference for privacy continues to shape his role in the project's history. Despite his low profile, Britto's influence on the XRP Ledger and Ripple remains significant, underscoring the importance of his work in the evolution of digital currencies.


#Ripple #XRP #ArthurBritto #DavidSchwartz #JedMcCaleb #XRPledger #Stellar #cryptocurrency #digitalassets #innovation #XLM
๐Ÿš€ Charles Schwab Prepares For Crypto Trading Amid Regulatory Developments

According to U.Today, Charles Schwab, a prominent asset management firm with $7.13 trillion under management, is preparing to enter the cryptocurrency trading market. A spokesperson for the company indicated that Schwab is poised to launch crypto trading services once there is sufficient regulatory clarity. This move aligns with a growing trend among asset management firms to offer cryptocurrency products to their clients, driven by increasing demand.

Charles Schwab's incoming CEO, Rick Wurster, has expressed the firm's intention to "Schwabize the crypto market" by eliminating spreads and commissions, thereby providing clients with more favorable trading conditions. While the firm has not yet provided an official update on its crypto strategy, it is actively monitoring market trends and regulatory developments. The company's approach to crypto trading is expected to be significant, given its size and influence in the financial sector.

The broader digital currency ecosystem is witnessing increased participation from institutional investment firms, each adopting different strategies to engage with the market. Some firms, like MicroStrategy, have opted to purchase Bitcoin directly from the open market, while others have pursued the spot Bitcoin ETF route. Asset managers such as Susquehanna International Group have chosen to gain exposure to Bitcoin through ETF offerings, which have helped bridge the gap between cryptocurrencies and traditional financial markets.

As Charles Schwab considers its entry into the crypto space, it remains uncertain how the firm will navigate the spot Bitcoin ETF niche. However, with the approval of options products for cryptocurrency offerings, the potential for Schwab to expand its crypto services is increasing. The firm's commitment to the crypto industry is seen as a significant development, reflecting the growing acceptance and integration of digital currencies into mainstream financial services.


#CharlesSchwab #CryptoTrading #RegulatoryDevelopments #AssetManagement #Cryptocurrency #DigitalCurrency #Bitcoin #ETFs #InstitutionalInvestment #FinancialServices
๐Ÿš€ Bitcoin Faces Potential Decline Amid MicroStrategy's Buying Strategy

According to U.Today, Bitcoin critic Peter Schiff has recently expressed concerns about the potential impact on Bitcoin's price once MicroStrategy concludes its aggressive purchasing strategy. Schiff highlighted that MicroStrategy has already invested $10 billion in Bitcoin and plans to spend a total of $42 billion over three years. However, he suggests that this plan might be completed sooner than anticipated, leading to a significant drop in Bitcoin's price due to the loss of a major demand source.

Schiff's skepticism towards Bitcoin is well-known, and he argues that institutional buying, particularly by MicroStrategy, plays a crucial role in Bitcoin's price determination. While large purchases can influence market sentiment, attributing Bitcoin's entire valuation to a single entity's buying activity is an oversimplification. MicroStrategy's acquisitions represent only a fraction of the global Bitcoin transaction volume. Various factors, including adoption rates, investor sentiment, and macroeconomic conditions, also influence Bitcoin's price. Even if MicroStrategy halts its acquisitions, other institutional and individual investors could potentially fill the demand gap.

Currently, Bitcoin is trading near $93,000, having recently retreated from the $100,000 psychological level. The Relative Strength Index (RSI) indicates a cooling from high levels, suggesting a healthy retracement after an overbought rally. Bitcoin may test lower support levels at $87,000 and $85,000 if the crucial $90,000 support level is breached. To revive bullish sentiment, Bitcoin needs to gain momentum and surpass the $95,000 mark. Despite a slight decline in trading volume indicating investor hesitancy, the trend remains positive as long as key support levels hold.

While Schiff's concerns about MicroStrategy's influence are valid, a total collapse of Bitcoin is unlikely due to its decentralized nature and diverse demand. The next significant price movement will depend on a clear breakout or breakdown, as current price action suggests consolidation.


#Bitcoin #MicroStrategy #PeterSchiff #cryptocurrency #investing #marketanalysis #bullish #bearish #trading #supportlevels #BTC
๐Ÿš€ Stellar Founder Highlights Differences From Ripple Amid Crypto Developments

According to U.Today, Jed McCaleb, founder of the Stellar Development Foundation, recently emphasized the distinct differences between Stellar and Ripple. McCaleb clarified that Stellar operates with a unique codebase, consensus mechanism, and features, including smart contracts, setting it apart from Ripple. This statement came in response to comments made by Cardano founder Charles Hoskinson, who criticized Solana during a recent livestream.

Hoskinson also expressed concerns about the Wyoming Stable Token Commission's decision-making, suggesting bias against Cardano. Stellar, however, was included in the networks considered for the initial deployment of Wyoming's state-backed WYST stablecoin project. Hoskinson questioned the criteria used, implying that Stellar's capabilities were being recognized over Ripple's. He also noted that Anthony Apollo, the executive director of the Wyoming Stable Token Commission, previously worked with Ethereum development firm Consensys, hinting at potential conflicts with Ripple.

In related developments, the Stellar (XLM) token has seen significant growth, reaching multi-year highs. This surge is attributed to its strong correlation with Ripple-affiliated XRP, as both are often viewed in a similar context within the crypto market. Earlier this week, McCaleb described Stellar as "the most underrated and least understood crypto project," highlighting its high transaction volume. He noted that Stellar processes more daily transactions than most networks, including Ethereum, and is actively used for real-world applications.


#Stellar #Ripple #JedMcCaleb #WyomingStableToken #XLM #Cryptocurrency #SmartContracts #Blockchain #CryptoMarket #TransactionVolume #XRP
๐Ÿš€ US Dollar Index Rises Following PCE Data Release

According to Odaily, the US Dollar Index (DXY) experienced a brief increase of over 10 points following the release of the Personal Consumption Expenditures (PCE) data. The index is currently reported at 106.35. This movement in the dollar index reflects the market's reaction to the latest economic data, which is closely watched by investors and analysts for indications of inflation trends and consumer spending in the United States.

The PCE data is a significant economic indicator, often used by the Federal Reserve to gauge inflationary pressures. A rise in the dollar index suggests that the market may be anticipating potential changes in monetary policy or economic conditions based on the new data. As the dollar strengthens, it can have various implications for global markets, affecting everything from commodity prices to international trade dynamics.

Investors and market participants will continue to monitor the situation closely, as further fluctuations in the dollar index could signal broader economic trends. The release of the PCE data and the subsequent rise in the dollar index underscore the interconnectedness of economic indicators and market responses, highlighting the importance of staying informed about such developments.


#USDollarIndex #PCEData #Inflation #ConsumerSpending #FederalReserve #MonetaryPolicy #GlobalMarkets #EconomicTrends #CommodityPrices #InternationalTrade
๐Ÿš€ Bitcoin(BTC) Surpasses 95,000 USDT with a 2.33% Increase in 24 Hours

On Nov 27, 2024, 15:34 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 95,000 USDT benchmark and is now trading at 95,025.4375 USDT, with a narrowed 2.33% increase in 24 hours.

#Bitcoin #BTC #USDT #cryptocurrency #marketdata #Binance #trading