🇺🇸 Trump launches World Liberty Financial
🇺🇸 Trump launches World Liberty Financial
Welcome to the Daily Tribune Wednesday, September 18, 2024 ☕️
Hello Cointribe! 🚀
Today is Wednesday, September 18, 2024, and as every day from Tuesday to Saturday, we summarize the news from the last 24 hours that you shouldn't miss!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
Partially sunny 🌤️
24h crypto recap! ⏱
🚀 DeFi: Yields poised to surpass US money market funds!
Yields from decentralized finance (DeFi) could soon exceed 5%, according to Bernstein, particularly due to the impending decline in US interest rates. Currently, platforms like Aave offer yields ranging from 3.7% to 3.9%, but attractiveness could rise, especially for stablecoins like USDC and USDT. The total value locked in DeFi has doubled since the lows of 2022, reaching $77 billion, while the number of active users has tripled. This resurgence of confidence could revitalize crypto asset prices, with Aave and Ethereum leading the recovery. 🔗 Read the full article here
🔥 Donald Trump shakes up crypto with World Liberty Financial!
Donald Trump has launched World Liberty Financial (WLFI), an ambitious DeFi platform designed to compete with industry giants. Offering lending, borrowing, and interest accumulation services on digital assets, this family initiative involving his sons Donald Trump Jr. and Eric Trump stands out for its focus on stablecoins and provides a stable alternative in a volatile market. The WLFI token, unique in its kind, is exclusively intended for platform governance, excluding any speculation. Trump ensures strict compliance with regulations, promising transparency and legality in a project that could redefine DeFi standards. His media influence could accelerate crypto adoption, attracting other personalities to this rapidly growing sector. 🔗 Read the full article here
💰 MicroStrategy intensifies its Bitcoin strategy with a new fundraising round!
MicroStrategy, led by Michael Saylor, continues to strengthen its position as the largest institutional holder of Bitcoin by raising an additional $700 million through a convertible bond offering. This new round, the third in 2024, will primarily serve to repay $500 million of existing debt and acquire more bitcoins. Since 2020, the company has invested $8.3 billion in Bitcoin, achieving an annual return of 44%, far surpassing the S&P 500. Despite the recent decline in its stock, MicroStrategy persists in its bold vision of Bitcoin as a store of value and bets on growing institutional adoption to support its long-term strategy. 🔗 Read the full article here
📉 Bitcoin deposits on exchanges fall to unprecedented levels since 8 years!
Bitcoin deposits on trading platforms have dropped to their lowest level since 2016, revealing a growing reluctance among investors to sell their BTC. This trend coincides with expectations of a rate reduction by the US Federal Reserve, prompting a strategic accumulation of assets. The number of addresses transferring BTC to exchanges has decreased by 19% in a week, and massive outflows of $1.3 billion have recently been observed. Investors, including major market players, seem to anticipate a bullish recovery, as evidenced by a whale purchasing over 1,000 BTC for $64 million. 🔗 Read the full article here
Crypto of the day: Nervos Network (CKB)
The Nervos Network blockchain innovates by allowing complete interoperability with other blockchains through a multi-layer architecture. This enables the creation of decentralized applications that are accessible across different platforms without compromising security or decentralization. Its added value lies in its ability to solve scalability and compatibility issues encountered by other blockchains.
The native crypto, CKB, is primarily used to pay transaction fees and for staking, which offers rewards to holders. CKB was initially distributed through public and private sales and is also mineable via a consensus mechanism based on proof of work (PoW). Holders can use their CKB to participate in network governance or to lock value in the platform's smart contracts.
Recent performances
Current price: €0.0184
Change: Increase of 18.49% in 24 hours
Market capitalization: €826.55 million
Rank on CoinMarketCap: 74
Solana on the brink, heading for a new decline?
Solana is currently going through a turbulent period, with its price hovering around $130, far from its historic peaks of over $200 reached in November 2021. The price of SOL has recently faced notable pressure after being rejected by a rising trend line, leading to a 5.3% drop in two days. Technical indicators reinforce this bearish trend, with an RSI and an Awesome Oscillator below their neutral levels, suggesting a strengthening of selling pressure. Furthermore, the long/short ratio of 0.88 shows that more traders are betting on a continued decline. If Solana fails to break the critical resistance at $141.43, a new drop of 9% could bring it to a key support around $120.91, further fueling investor pessimism.
In addition to this technical weakness, development activity on the Solana network is also showing worrying signs, with a notable decrease in the development activity index. This decline reflects a loss of confidence in the ecosystem, as fewer new projects are emerging. This directly impacts the perception of investors who are already shaken by the discouraging technical signals. However, a positive scenario remains possible: if Solana manages to exceed $141.43, it could invalidate the current bearish outlook and pave the way for a potential rebound towards $149.30.
