Sjuul achieved financial independence through years of immersion in cryptocurrency. Starting in 2016, he faced ups and downs, losing in 2018 but rebounding in 2020 with calculated trades during the 2021 bull run. Early adoption of DeFi projects like BNB and Pancakeswap significantly boosted his portfolio. Sjuul, now with over 700,000 followers, shares his crypto journey on Twitter and educates through AltCryptoTalk, emphasizing the importance of staying ahead in the dynamic crypto world.
Tether Freezes Tokens of Sanctioned Individuals Listed by OFAC
Tether has frozen the crypto wallets of 161 individuals sanctioned by OFAC, with 11 wallets currently holding over 3.5 million USDT tokens in total.
Sjuul Follings
By freezing the wallets of sanctioned individuals, Tether demonstrates its commitment to complying with regulators and ensuring its platform is not used for any illicit activities. However, many questions remain around the addressed frozen that do not currently hold any USDT. Overall, the move signals greater cooperation between major stablecoin issuers and authorities.
Unlock the crypto market's pulse with this outlook - BTC and ETH surge by 11.39% and 9.18%, signaling a bullish wave. US500 eyes $4650.0 for bullish control, DXY anticipates $105.0 resistance. Gold tests $2000.0 support. USDT.D's 5.63% critical level and BTC's $42,850 threshold shape sentiment. ETH breaks $2250.0
Sjuul Follings
In this edition: Cryptocurrency bulls take the lead, with BTC up by 11.39%, and ETH breaking a yearly resistance. The Fear & Greed Index signals 'Greed,' reflecting trader optimism. US500 is bullish but faces resistance, while Gold rejects its all-time high.
Bitcoin closed last week on a bullish note but has since triggered a descending trend, breaking below $42k support. Massive long liquidations could be exacerbating the drop - will prices fall further?
Sjuul Follings
The breakdown of Bitcoin's key $42k support level has triggered a wider correction with potential for further downside. However, such pullbacks also offer savvy traders opportunities to accumulate. Oversold signals and liquidity improvements point to relief potential overall. Risk management will be paramount amid ongoing volatility. But with macro factors remaining neutral, the longer-term prospect of renewed upside beyond current ranges still looks favorable on lengthening timeframes.
Solana NFTs Surge Past Ethereum in Volume - But Why?
Solana network non-fungible tokens recently saw over $14.8 million in trading volume, surpassing Ethereum's $13.9 million. Projects like Tensorians and Mad Lads are driving this growth with big price increases.
Sjuul Follings
Solana is demonstrating it can compete and even outpace Ethereum in key metrics like NFT trading volumes. Major projects and catalysts on its blockchain continue to attract a growing user base. As long as momentum remains strong, Solana appears poised to increasingly challenge Ethereum's dominance across the crypto market.
Nonco, a digital asset brokerage firm focused on Latin America, has raised $10 million in seed funding to expand services and capture regional crypto adoption.
Sjuul Follings
Nonco is well-positioned to scale its operations across Latin America and meet growing regional demand as cryptocurrency adoption and trading volumes continue climbing in emerging markets. The startup has garnered strong investor backing to support an experienced leadership team focused on the LatAm opportunity.
El Salvador's Innovative Citizenship-by-Investment Program
El Salvador introduces a new citizenship-by-investment program requiring a $1 million investment in Bitcoin or USDT, offering residency and a path to citizenship.
Sjuul Follings
El Salvador introduces a citizenship-by-investment program, requiring a $1 million investment in Bitcoin or USDT. This initiative offers residency, a path to citizenship, and aims to generate substantial revenue, further solidifying the country’s position in the global cryptocurrency landscape.
Binance Retracts UAE License Application in Strategic Shift
Binance CEO Changpeng Zhao cancels UAE crypto license application, focusing on global licensing strategy and following the company's recent settlement in the United States.
Sjuul Follings
Binance CEO Changpeng Zhao cancels the UAE crypto license application amid company restructuring and following a significant legal settlement in the United States. This decision aligns with Binance's revised global licensing strategy while maintaining its commitment to regulatory compliance and expansion in the Middle East.
StarkNet Unveils 1.8 Billion STRK Token Drop For Community Growth.
The StarkNet Foundation has unveiled plans to distribute 1.8 billion STRK tokens through user rebates and a Provisions' Committee to drive adoption of the StarkNet blockchain.
Sjuul Follings
The StarkNet Foundation's planned 1.8 billion STRK token allocation demonstrates a strong community-centric approach. Involving users, contributors and the DeFi ecosystem can accelerate mainstream adoption of StarkNet.
Safe wallet infrastructure provider Safe has partnered with Sygnum Bank and CoinCover to launch a new crypto recovery service called Safe Recovery Hub.
Sjuul Follings
Safe, a leading crypto wallet provider, has partnered with Sygnum Bank and crypto recovery specialist Coincover to launch an optional crypto recovery hub. The hub will provide Safe wallet users access to a range of compliant recovery options for lost or inaccessible digital assets, including social and institutional partners, always maintaining user control.
ETH and SOL Surge to Fresh Highs as Bitcoin Stalls
Ethereum and Solana prices rallied over 5% and 8% respectively to new 2023 peaks. But Bitcoin stalled at $43K, sparking uncertainty over the strength of the crypto uptrend amid lingering 'bull trap' worries.
Sjuul Follings
While Ether and Solana hit fresh yearly highs this week, gaining over 5% and 8% respectively, Bitcoin struggled at $43,000. Its failure to push past short-term resistance has brought into question the momentum of the recent rally. Traders now focus on whether Bitcoin can close above $43K to reinforce the budding upside.