Ecoinimist Pulse: Trump’s 4th NFT Collection Debuts with Strong Sales!
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Breaking Crypto Stories
Here are the top stories today:
- Trump Unveils Fourth NFT Collection with Mixed Market Impact
- Telegram CEO Pavel Durov Released on Bail, Surprising Crypto Bettors
- Crypto.com Partners with Standard Chartered to Expand Global Fiat Services
🃏Trump Unveils Fourth NFT Collection with Mixed Market Impact
Former U.S. President Donald Trump released his fourth NFT collection, “Series 4: The America First Collection,” generating significant sales on the Polygon network but with limited immediate tradability and varied financial outcomes from past collections.
- Trump’s fourth NFT collection saw over $2.17 million in sales on its first day, with a mint price of $99 per NFT.
- The collection represents only 6% of the total possible supply, with trading restricted until January 2025.
- Trump’s overall earnings from his NFT ventures exceed $7 million, despite mixed market performance in previous series.
🚶Telegram CEO Pavel Durov Released on Bail, Surprising Crypto Bettors
French authorities released Telegram CEO Pavel Durov on bail, surprising bettors on a crypto prediction market who lost $270,000 due to their belief that he would remain in detention longer.
- Telegram CEO Pavel Durov was released on bail after posting a €5 million bond, despite expectations of extended detention.
- Bettors on the Polymarket platform lost $270,000 by betting against Durov’s August release and a release before October.
- A user named Champ correctly predicted Durov’s release, winning $26,138 between two contracts, while overall sentiment misjudged the likelihood of a swift release.
🤝Crypto.com Partners with Standard Chartered to Expand Global Fiat Services
Crypto.com has partnered with Standard Chartered Bank to launch new global retail services, allowing users in over 90 countries to deposit and withdraw USD, EUR, and AED via the Crypto.com app, marking a significant milestone in the exchange’s expansion efforts.
- Crypto.com has partnered with Standard Chartered Bank to offer fiat deposit and withdrawal services in USD, EUR, and AED across 90+ countries.
- The partnership, supported by Dubai’s Virtual Assets Regulatory Authority (VARA), will initially roll out in the UAE with plans for global expansion.
- Crypto.com aims to increase adoption by offering effortless fiat transactions, highlighting the partnership as a significant step toward its goal of “crypto in every wallet.”
Meme of the Day
Ecoinimist Pulse: Trade Spotlight
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Ecoinimist is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Bitcoin(BTC)
Bitcoin Price Update: Bearish Momentum Builds on 4-Hour Chart
Price Movements: Bitcoin is showing potential bearish momentum on the 4-hour chart, struggling to break above key resistance levels, with the market indicating a possible pullback.
Key Levels to Watch: Critical resistance levels are at $59,682.84 and $60,024. Key support levels are at $59,306.72 and $58,825.53.
Trade Strategies: Consider short positions if BTC fails to break above resistance, targeting the $59,306.72 or $58,825.53 support levels. For long positions, wait for a confirmed break above $60,024, with tight stop-loss management.
Solana (SOL)
Solana Price Analysis: Bearish Signals Dominate as SOL Tests Key Supports
Price Movements: SOL is in a bearish trend, with downward pressure keeping the price below key resistance levels. The market shows signs of weakening selling momentum, but no strong reversal is evident yet.
Key Levels To Watch: Critical support levels are at $143.66, $143.16, and $142.30, with resistance at $145.95, $146.44, and $147.47.
Trade Strategies: For short positions, consider targeting a breakdown below $143.66 with a stop-loss near $145.95. For long positions, watch for stabilization around $143.16 or a bullish reversal pattern before entering.
Bittensor (TAO)
Bittensor Price Indicators Point to Possible Reversal
Price Movements: Bittensor price is currently experiencing bearish momentum, with recent closes indicating downward pressure and a struggle to maintain upward movement.
Key Levels to Watch: Support levels to monitor are 300.3, 289.2, 285.2, and 284.1. Resistance levels include 303.9 and 304.4, which are crucial for potential reversals.
Trade Strategies: Consider short positions if the price breaks below 300.3, targeting lower support levels. For long trades, watch for signs of reversal around key supports or a MACD histogram contraction before entering, with resistance levels as exit points.
ICYMI:
- Telegram CEO Pavel Durov Appears Before Paris Court Following Arrest
- OpenSea Receives SEC Wells Notice, CEO Pledges to Fight Back
- TON Blockchain Recovers From Major Outage Amid Surge in Transactions Following DOGS Airdrop
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